diff --git "a/reddit_finance_43_250k_29.txt" "b/reddit_finance_43_250k_29.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_29.txt" @@ -0,0 +1,10000 @@ +[https://www.crunchbase.com/person/david-opolon](https://www.crunchbase.com/person/david-opolon) + +David Opolon currently has 2 jobs. 1 working DIRECTLY with KENNY and 2 Principal at BCG. + +https://preview.redd.it/r0e19clmbdp81.png?width=822&format=png&auto=webp&s=faa038c7dc15c49d331dbee28de443988c90d61a + +Avi Tillu who worked at Citadel and BCG but we'll come back to him later. + +https://preview.redd.it/euqyxdj1ldp81.png?width=588&format=png&auto=webp&s=d382bbff7cbfe690350369fc7b6f159ba70f11c5 + +&#x200B; + +[Lawsuit in question](https://d12v9rtnomnebu.cloudfront.net/paychek/Boston_Consulting_v_Gamestop.pdf) + +https://preview.redd.it/z5azb80oldp81.png?width=650&format=png&auto=webp&s=dbb08e70795c130f878c1d0b915ae6b496e29b92 + +&#x200B; + +In 2019 we already know there were a bunch of sleezy sleeper agents on GameStop's board. I posted my theory in the TL;DR above. + +&#x200B; + +https://preview.redd.it/qd4mzshyxdp81.png?width=677&format=png&auto=webp&s=23c93278d2290ed6f439cd9d648a4774f2bee408 + +The GameStop before RC was failing hard. So hard that it had to be on purpose. And the actions they took with BCG just feels planned to me. GameStop paying the fees over 8 months late? Knowing that there were people on the board trying to sabotage the company, it feels like a setup for a lawsuit later. + +If the contract was signed under false pretenses and can be proven that bad actors had the intent on breaching the contract to lower the stock price in an eventual lawsuit, then they wouldn't need to pay the $30M now. + +Either that or they were trying to siphon money out of GameStop to hurt the books. You know, Just your general sabotage fuckery. + +But that's all just speculation without any proof, right?. + +We have a beginning to the conclusion and an end, but we don't have a line to draw from one to the other without resorting to speculation. + +Unless... there was another example of sleeper agents acting under false pretenses involving BCG.. + +*\*Googles\** + +OH SHIT look at [this](https://storage.courtlistener.com/recap/gov.uscourts.nysd.525729/gov.uscourts.nysd.525729.1.0.pdf).. + +&#x200B; + +https://preview.redd.it/njh3oe6hpdp81.png?width=657&format=png&auto=webp&s=20d0b6569ded3d2ede67370e78fe979c5bbe6d8c + +In 2019 BCG sued NCR for not paying their exorbitant fees. SOUND FAMILIAR!?? + +NCR [counter argued](https://law.justia.com/cases/federal/district-courts/new-york/nysdce/1:2019cv10156/525729/74/) that BCG basically placed a sleeper agent on the board to sell the contract to them. + +&#x200B; + +https://preview.redd.it/6y2g69b5rdp81.png?width=688&format=png&auto=webp&s=cbf6126013587f3e8c8c5eff87a0dcba609381b5 + +&#x200B; + +In 2018 NCR got new leadership and that was actually the reason for the lawsuit. The new leadership decided BCG's fees were dumb and not in line with the vision. SOUND FAMILIAR!?? + +&#x200B; + +https://preview.redd.it/qzsko51stdp81.png?width=676&format=png&auto=webp&s=6bb7c86bb0a15695901379428181d7354e1bc1ff + +This lawsuit with GameStop now could just be history repeating itself. + +New leadership comes in, turns the company around themselves, BCG get's mad cuz shorts r fuk, and sues because new leadership fucked up their plans to bankrupt the company. + +Remember Avi Tillu from a few pictures ago? + +He worked at BCG and at Citadel. And now works for Pimco. + +Who's Pimco? + +&#x200B; + +https://preview.redd.it/zv66fp7dvdp81.png?width=656&format=png&auto=webp&s=ec81a12b788c8e6d31c947954990aeec2ca1d17e + +This dude Bill Gross co-founded it and is an active short seller against GameStop. + +It just realllllly feels like a huge plot with people both: handing inside company info, and being placed in high ranking sleeper positions to fuck the company up. + +I believe when you look at all the pieces laid out and the people going from one place to another, it just jumps out at you and becomes obvious. + +And before someone says *"It's pretty common for people to jump from one company to the other, that doesn't prove anything"*, I'd like to remind you guys of this part of my [Rolling in The Deep Dive DD:](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +&#x200B; + +https://preview.redd.it/7dsew61owdp81.png?width=698&format=png&auto=webp&s=645cd32fad2d24a3b33b9c6a98894bc8c7afaa2e + +Anyone involved with Citadel can still be on Citadel's payroll and there can be no trail according to the rules and exemptions Citadel is granted. Based on all the things we're seeing it's just obvious there's so much fuckery going on behind the scenes. + +You'd have to be a shill to not see the connections. + +GameStop is and was the target of a major scheme involving multiple companies. I think we just found one more piece of the puzzle in this whole **"SHF ruining the world by naked shorting companies into bankruptcy to make money for themselves"** thing.. + +I don't think it's only GameStop. I think BCG is another arm of Citadel helping them place sleeper agents to destroy companies from within. + +Anyways that's my theory. + +\--------- + +By the way, RC if you're reading this, I think you may have missed a sleeper agent: + +&#x200B; + +https://preview.redd.it/ae1r9h7zvdp81.png?width=435&format=png&auto=webp&s=46a1791766f190e1c9a4241c0a9ef6f40f746a3e + +https://preview.redd.it/06qjme74wdp81.png?width=498&format=png&auto=webp&s=c14fe99eb266055dbcdf7c9840b5f6e04c3d88ec + +&#x200B; + +Edit: + +[https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-announces-transformation-of-board-of-directors-and-additional-governance-enhancements-300835494.html](https://www.prnewswire.com/news-releases/bed-bath--beyond-inc-announces-transformation-of-board-of-directors-and-additional-governance-enhancements-300835494.html) + +https://preview.redd.it/3tzfpc9qfep81.png?width=729&format=png&auto=webp&s=1c98e18006e9abfc228d0c76ec7ffef7bcb7fdee + +&#x200B; + +Edit 2: + +RC CONFIRMING THE DD LESGOOOO + +&#x200B; + +https://preview.redd.it/sa8rxdwm8gp81.png?width=466&format=png&auto=webp&s=676f46657644a197122655bd4b4d334895f1130d +It’s so embarrassing and I just felt so much hatred and jealousy for people who don’t have to go through this. I’m struggling bad and I can’t afford anything. Job cut my hours extremely so I’m SOL. I’m emotionally tired + + +Edit: wow omg first off thank you guys for the love and support. It means the world to me. I never expected this many people to be on my side. I just made a quick post with tears coming down my face, expecting nothing. Thank you I’m gonna cry but happy tears. +Better to be lucky than smart... + +Some people who thought they were investing in **Zoom Communications** (the *real* one) were actually buying **Zoom Technologies,** a tiny company with no affiliation to the Zoom we all know, by accident. Those [mistakes pumped the share price](https://www.chartr.co/newsletters/woops-wrong-zoom) of the wrong **Zoom** up by **1800%** at one point. +The rule I call 5=1 where if you cant buy something 5 times, you cant afford to buy one. Ex I see a laptop I want. I check the price and its 1000 dollars, so I need 5 thousand dollars to be able to afford one. Sorry if this isn't relevant to the sub. +I saw that being talked about a lot in the news about Credit Suisse but couldn't find a good explanation, so I was hoping somebody could explain it better (in layman's terms). + +As far as I understand it, it's a way to spread out insurance risk or something, in case a default happens. So is this basically the chance Credit Suisse is going to go default on something, and what would a bank even default on? + +Edit: these are what confused me, currently all banks right now have 100+ CDS. For reference, normal is about 50, Lehman Brothers of 2008 crisis went bankrupt at about 500: + +\[[Deutchse Bank](https://www.cnbc.com/quotes/DBCD5)\], \[[goldman sachs](https://www.cnbc.com/quotes/GSCD5)\], \[[UBS ag](https://www.cnbc.com/quotes/UBSCD5)\], \[[morgan stanley](https://www.cnbc.com/quotes/MSCD5)\], \[[jp morgan](https://www.cnbc.com/quotes/JPMCD5)\], \[[bank of america](https://www.cnbc.com/quotes/BACCD5)\], \[[wells fargo](https://www.cnbc.com/quotes/WFCD5)\], + +**Credit Suisse has about 300 CDS, and is the main one the news is talking about right now. \[[credit suisse](https://www.cnbc.com/quotes/CSCD5)\]** + +https://www.cnbc.com/quotes/CSCD5 +I’m so embarrassed to even write this as someone has stole money from me and it seems that Capital One is going to let them get away with it. + +Back in Jan I took my son to get ice cream. + +When I went to pay, my card got declined. + +I didn’t think anything of it so I used another card. + +When I looked at my phone I got a fraud text from Capital One and I automatically hit yes to the charge as my card had just got declined so I assumed that’s what the text was for. + +A day goes by and I get a feeling that I should check my account. + +I logged into my account and saw that there were 472 small charges in the amounts of $4.99, $14.99, $19.99, $29.99, $49.99 and $99.99. from a company in Hong Kong called MIHOYO LIMITED totaling $27,090.76. + +Never heard of this company a day in my life. + +I immediately call Capital One and tell them what’s happening. + +They tell me they can’t do anything because the charges haven’t cleared. + +Told me that I’d have to wait til the charges cleared in order to file a dispute but they closed my card. + +48 hours later they finally cleared so I call back and file a dispute. + +At this point I’m thinking no big deal, I’ll get my money back because I didn’t make these charges. + +A few days go by and nothing in my account. + +I get a little worried and call them only to have a gentlemen tell me that my claim was denied as they didn’t find any fraudulent charges and everything looks normal. + +(ARE YOU KIDDING ME! 472 SMALL TRANSACTIONS FROM A COMPANY I NEVER USED BEFORE LOOKS NORMAL TO YOU!!) + +That’s when the circus starts, they tell me that I can request the documents that they used in order to make their decision. + +I request those documents and then wait, they told me it should take 72 hours. + +Well 3 weeks goes by and nothing! + +I called everyday and they tell me each time that they sent it to my email address but I received nothing. + +So, I decided to reach out to the company in Hong Kong MIHOYO LIMITED who after some research find out that they are the people behind the popular game Genshin Impact. + +I received a response from them asking for the transactions IP address so that they can research it. + +I call Capital One and they tell me that this is suppose to be sent with the e-mail that will have the reason why they denied me. + +Long story short, 3 months later after constant calling I get the documents that were used. + +First, no IP address were listed and secondly the only data that they gave was my bank statement with text that read “all transactions are confirmed” + +Guys, at this point I’m devastated this whole ordeal has put me in a bad place. + +What can I do to get my money back? Please help. +Bitcoin Magazine's youtube account that has been around since 2011 just got nuked by Youtube + +[https://www.youtube.com/channel/UCtOV5M-T3GcsJAq8QKaf0lg](https://www.youtube.com/channel/UCtOV5M-T3GcsJAq8QKaf0lg) + +[Bitcoin Magazine](https://preview.redd.it/ess5t73m34b81.jpg?width=1330&format=pjpg&auto=webp&s=61777d9442bb83f87477da4a1f3b277e6f8015f5) + +The account has 1.9 Million followers on Twitter and 60,000 on YouTube. + +[Account taken down midstream](https://preview.redd.it/dy82as6r34b81.jpg?width=1306&format=pjpg&auto=webp&s=89d4e2c1c2706c59046d665d19f4aecb937f2cf4) + +Youtube has made it a habit of taking down prominent informative accounts, while the likes of bitboy and other scammers continue to scam others via the youtube platform. Bitboy even has a verified account. + +Google has openly been supporting crypto scams, even fake phishing wallets show up in google search instead of domains of the actual wallets +Any thoughts on why this may or may not be a bad idea? Would it be smarter to start with one or go for both? Pretty new to real estate investing but ready to pull the plug in my current job and delve into this full time. +I have a friend taking me to work so I can get my last paycheck ($300-$400) this Friday before I quit my job Sunday. I know I will need a job closer to the town I'm currently in.. so i will have to quit my job. + +This will leave me with $2100-$2200 to my name on Friday.. + +Questions: + +What is the most reliable car to buy for someone in my situation? I need a place to sleep while I get some money to my name. + +Edit: So surprised at all the responses.. Thank you to everybody for all your advice, I read every single one! +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I think I've had it. I work long hours in my own business and am a single mum to a 3 year old. I have a big mortgage and another smaller house in a shittier area that I rent out. I also sit on a board that sits interstate. I'm nearly 40. + +I just want to blow it all up. I'm 30 kilos overweight, stressed all the time, am drinking too much and overwhelmed. I am so worried about finance/interest rates going up/work/angry clients that I am on the edge of just nupping out and burning it all down. + +Here's what I feel like doing: + +- selling my house +- stopping work - resign from everything +- go live with my mum for a year to get my head right + +I just can't do this shit. I got a mortgage just over a year ago and I just feel I started too late. I don't want to be in a mortgage prison for the next 29 years until I'm 70. I hate working so hard. Hate everything right now. + +Has anyone just thrown a grenade at their life like this? What happened? + +EDIT: I'm so inspired by all your responses. Thank you 💓💓💓. This sub is full of the nicest, smartest humans. The responses It have really helped me and given me some perspective. I'm going to start by making a big coffee, later I will drop my little buddy at kinder and go for a big walk to think through all these ideas. I really really appreciate you all. I'm really touched by you taking the time to give me such amazing advice 🙏 +Some people have what is called here in New Zealand “tall poppy syndrome”. People become envious and resentful when you got rich or more successful than them. + +Some people will go like “Wow, you’re rich now. Can you lend me $10,000. You have got $1m, $10,000 is nothing mate. Right?”. It will put you into a dilemma, and we know - if you lend them $10,000 you might lose $10,000 and your friend as well. + +Some people will try to scam you. This is especially true if you go tell the world on the Internet about your wealth. + +Some people will tell other people about you getting rich from crypto as if you won lotto. They will think your gain is ill-gotten and you don’t deserve it. + +Some people will be like “Oh you should have told me about this opportunity mate”. Right, even if I told you back then, you wouldn’t buy anyway!! + +So save yourself some trouble. Keep your mouth shut, keep your seeds safe (and please use protection - even with your girlfriend!) +For the past 8 months, I have seen many many posts and memes stating that Doge will NEVER be viable, it will NEVER hit a dime, NEVER hit a quarter, NEVER hit fiddy cent, NEVER EVER EVER will it hit a dollar! So far, all I see for logic behind these statements is "unlimited supply"! So, I am wondering what other fact or information is used for these statements, which all been proven wrong? Are they, in fact, just "haters" trying to deflect our money to another cryptocurrency? Are they just false statements from someone a little salty that they weren't able to get in at a low enough buy in price? Or, is there some sort of actual logical info that can explain why it shouldn't do what it is doing? +Invested in the KIOWATOKEN's presale a couple of days ago 👀Today they have a public launch on Pancakeswap! I think this launch is going to be crazy 🚀 + +Amazing Website [Kiowa.io](https://kiowa.io/) FIRST PROJECT WITH WORKING SWAP/DASHBOARD. All of this before launch shows you how serious they are! What a Gem! Legit team, done presale 3 times, and returned BNB to all the investors every time, and returned tokens to the people who bought the wrong one. This just shows you how real this is! + +[Pancakeswap listing countdown](https://countingdownto.com/?c=3691995) + +[HardCap Filled In 3 Hours! ON DXSALE](https://dxsale.app/app/v2_9/defipresale?saleID=604&chain=BSC) + +Buyback and burn function. That means all of the BNB collected on the team wallet and on the marketing wallet will be used to buy back tokens to raise the market cap. And then they actually burn them to raise the price of the token. + +The buyback and burn function makes sure your tokens hold value in a bear market or a Raging BULL MARKET. + +When I say GEM beyond gems, I really mean it. + +They have their own dex before lunch where you can buy and sell tokens. They have their own dashboard where you can check hourly returns in BNB. All of this way before they had the presale. + +I believe with this team we can easily do a 100x return within 2 weeks. Locked 70% of their liquidity. That's big security for the community. + +They already have their own rug checker on telegram 👀 + +PancakeSwap Listing countdown. + +[Join the KIOWA rug checker!](https://t.me/KiowaRugChecker) + +🏚Website: [Kiowa.io](https://kiowa.io/) + +📈DEX: [KiowaSwap](https://kiowa-swap.vercel.app/#/swap?outputCurrency=0xa8ed69d1a33b8e5f8ca0bd0294ef9f7df23b6b90) + +🐱KiowaDashBoard: [Dashboard](https://kiowa.io/dashboard.html) + +📱Telegram: [https://t.me/KiowaTribe](https://t.me/KiowaTribe) + +🐦Twitter: [https://twitter.com/KiowaToken](https://twitter.com/KiowaToken) +China may very well eventually bend but it doesn't look like there's any firm commitments here yet. + + + +https://www.bloomberg.com/news/articles/2018-12-03/trump-s-advisers-struggle-to-explain-deal-he-says-he-cut-with-xi + + +E: because I guess I need to say this in every thread: partisan attacks are not allowed. Expressing your opinion on political happenings with analysis is encouraged. +There goes my chances of getting into the tech field/IT. I’m tired of the rejections. I’m debating on whether or not finishing school because I don’t want to graduate college and be in this same position 3 years from now. Gas is 4.50 a gallon and im a delivery driver basically fucking up my car working here. I can’t keep working at dominos for three years while paying rent, maintenance on car, and college.. this is too stressful. + [https://www.businessinsider.com/trump-administration-eviction-moratorium-renters-2020-9](https://www.businessinsider.com/trump-administration-eviction-moratorium-renters-2020-9) +I got in at 240$/share and now it's 210$/share. Bought because my DCF analysis was promising and I thought I could get a good long term return and exposure to a fast growing e-commerce giant in an emerging market that could also become much bigger in developed countries as well, considering the uptrend in dropshipping, without even mentioning all the other subsidiaries. The political uncertainty, doubt around Jack ma and the fine seemed like decent opportunities to buy at a lower price. I was ULTRA bullish after Munger bought it, he usually is very good at picking great companie that do well for decades. + +Guess all these unfortunate circumstances plus rising interest rates and tech sell offs were the perfect storm for this stock and for my 12% (unrealized) loss. I know I should focus on the long haul and just hold it without even looking at it, but it obviously hurts. Any other shareholders than want to spare conforting thoughts? +For an economy that’s propped up on this idea of the free market… And the blatant manipulative tactics that are well described throughout this And other subs… Our regulators including the SEC are jeopardizing the loss of an entire generation of investors and all of the wealth generated through this event. + +Even with the “fixes” We’ve seen come out, I think everyone of us knows better than to think any of that is for our benefit. + +So whoever Keeps up with all of our posts and Interrupt your bosses porn hub time to report on it… If you’re jeopardizing the future of America is free market by causing a lot of faith in your investors. The longer you drag this out, The fewer people that will return. +Bitcoin Magazine's youtube account that has been around since 2011 just got nuked by Youtube + +[https://www.youtube.com/channel/UCtOV5M-T3GcsJAq8QKaf0lg](https://www.youtube.com/channel/UCtOV5M-T3GcsJAq8QKaf0lg) + +[Bitcoin Magazine](https://preview.redd.it/ess5t73m34b81.jpg?width=1330&format=pjpg&auto=webp&s=61777d9442bb83f87477da4a1f3b277e6f8015f5) + +The account has 1.9 Million followers on Twitter and 60,000 on YouTube. + +[Account taken down midstream](https://preview.redd.it/dy82as6r34b81.jpg?width=1306&format=pjpg&auto=webp&s=89d4e2c1c2706c59046d665d19f4aecb937f2cf4) + +Youtube has made it a habit of taking down prominent informative accounts, while the likes of bitboy and other scammers continue to scam others via the youtube platform. Bitboy even has a verified account. + +Google has openly been supporting crypto scams, even fake phishing wallets show up in google search instead of domains of the actual wallets +I'm currently working as a registered nurse, making about 70k annually. I've thought about returning to school to look obtain certification as a nurse anesthetist (CRNA). In order to do this, I would have to go to school full time for 3 years. + +CRNA programs in my state cost 70-90k and are 3 years in duration. This means I would likely have to take on about 100k in student loans. Additionally, I would not be able to work for 3 years while completing the program. + +CRNAs make between 150-200k per year. My question for y'all is whether it would be smarter for me to continue to work in my current role making around 70k annually, or take on substantial debt to more than double my income? + +-33 years old, married (wife makes about 50k annually), no kids +- $6800 student loans remaining +- around 12 k in car loans between my wife and I +- roughly 90 k saved in 401k between wife and I +-10k emergency fund +- 1400 mortgage payment monthly + +Please let me know what you think! Thanks 😀 + + +Edit: Thank you all for the outpouring of support and advice. I have to admit, I haven't even come close to reading all the comments because there are like 1500 of them. Wow! Thank you for your knowledge. I will certainly be considering your advice as I make this huge decision +Eoghan Hayes worked with the Digibyte team to implement the Gravity Well Algorithm that enabled Doge to grow to where it is today—literally making normies and crypto enthusiasts alike into overnight millionaires. + +His new project, Dogira, is designed to support indie game developers by decreasing the overhead of complicated features and systems by providing an SDK that plugs right into the blockchain. Indie devs don't make a lot of money, and this project could go a long way in stretching their development dollars, while laying the groundwork for more unique games. + +**If that's good enough for you,** [**click here**](https://dogira.net/) **to check out the project (gas is also REALLY cheap this week so don't dawdle).** + +Otherwise, keep reading to learn more specifics about what the project is up to. Dogira’s objective is to: + +\-Help developers build their games, while enabling them to implement unique systems only possible with the blockchain. They would mainly target Indie devs (a usually untapped market in the crypto sphere) + +\-Widely implement utility-based NFTs: Loot, unlockables (DLC, exclusive content, etc.), characters gained from NFT ownership, ANYTHING in-game or out. This is a coin with a goal, not just your average dog token. + +\-We didn't send coins to Vitalik to “burn our tokens.” The Dogira team launched a hugely successful donation campaign with Viralata (REAU) and have already raised $50,000 in just three days (this is one of the BIGGEST donation campaigns in crypto history!). + +Official token chats have a history of being toxic, and complete chaos… Even slow mode can’t contain the nonsense. Dogira has 13,000 members in the telegram chat every day, and it manages to feel like a community, so you can jump into the conversation, get to know the wonderful people inside, and create genuine relationships with like-minded holders. + +Dogira will be at the forefront of the blockchain gaming revolution with practical, well-built utility. Get in before it's too late! + +[https://dogira.net/](https://dogira.net/) +**Update:** There are 5 edits in this post with updated or corrected information. Please go through them if you have missed something. I am NOT expecting this post to be edited in future. Thank You all for the updates, correction and participation. + +Recently, I was searching for Health Insurance plans for my parents (both 55+) for ₹10-lakh Sum Assured (SA). I stumbled upon [this excellent post](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/?utm_source=share&utm_medium=web2x&context=3) by u/sdhaja and used it as my initial template. Because that post was a year ago, I want to collate /update /reiterate the information. My post will be long and some advice will be repeated but I am hoping for your comments, corrections and personal experiences, if possible. + +**Basics** + +* "Health Insurance" section of Sub wiki i.e. [Insurance](https://www.reddit.com/r/IndiaInvestments/wiki/insurance) is woefully inadequate and old. However, it covers the basics. Before diving deep into the subject, understanding of basic terms is essential. +* Personally, I found [this PDF](https://www.finvin.in/health-insurance-simplified-download-e-book/) a decent read. Suggested by u/random_desi_guy in [this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9f2vke) + +I decided on following points – + +* Family Floater Plan – Because both are in similar risk profile. + +* No Co-Pay + +* No Room Rent Limit (sub-limit) + +With these minimal conditions, both **CoverFox** and **BankBazaar** effectively bound me to choose between HDFC Ergo and MaxBupa. + +* Care & Birla were out because of "Single Private AC" on Room limit and 4Y for pre-existing conditions + +**Edit 3:** I want to clarify here that "Single Private AC" and 4Y for pre-existing conditions are NOT bad, as such. But, in same class, HDFC and Max are providing ALL Rooms and 3Y for pre-existing. + +* My notes are missing the reason for exclusion of Royal Sundaram but I guess, it was probably its premium and Hospital coverage in my area. + +* ICICI Lombard – Both Coverfox and BankBazaar does not offer any product from ICICI. Its premium (on its website) turned out to be costly. See Below for details. + +**"HDFC Ergo Optima Restore" vs. "Max Bupa Health ReAssure"** + +* Premium – HDFC premium is much higher than Max. For my parents, HDFC Yearly premium was **46%** higher than Max Bupa (Yes, it is NOT a typo). + +* Pre-existing diseases - Both cover them after 3Y + +* Both provide no-claim bonus of 50% for 2Y i.e. 100% cumulative and both deduct it by 50% after claim. (sidenote: Max Health Companion plan will NOT reduce it after claim. However, it charges higher premium) + +* Hospital Coverage – HDFC has much wider coverage compared to Max. + +* Reviews – HDFC has better reviews than MaxBupa about their claim settlement process. + +* ~~Decision – HDFC (Higher premium but better chance of support.)~~ + +* **Edit 5: Decision –** I have purchased Max Bupa despite their bad reviews. Originally, my Parents mistakenly identified a key hospital unavailable with Max. However, it was available in its network. With this change, the difference in premium between Max and HDFC became too much to handle. + +* Originally, I was going with 5-lakh SA with Super Top-Up. But, after more consideration about the total cost and headache involved for the parents, I decided to increase SA to 10-lakh without Super Top-Up. See Below for details. + +* "Critical Illness Rider" is supposed to open to interpretation by the company, so I decided against it for now. + + +**Coverfox**: + +Coverfox sales person was good and tried to find out actual answers if required. However, Coverfox site has not been updated with latest plan (MaxBupa Health ReAssure) due to Covid-19. Further, their site also does not show correct list of hospital coverage. Personally, this was a deal breaker. If they can't be bothered to update their product listing, I am doubtful of their claim about great support during claim settlement process. + +**BankBazaar**: + +* BankBazaar site is good but their salesperson kept giving me misleading or inaccurate information. + +* He told me that if I buy the policy from them using Credit Card, they will give me 0% interest rate on EMI and that offer was available only for that day. + +~~I checked, the policy site itself is offering same reward even today.~~ + +**Edit 4:** The website of insurance company didn't offer 0%EMI on credit card, so I bought my policy with Policybazaar. They gave me discount on total premium. Thus, although bank will charge EMI interest on my card, effectively I am NOT paying anything extra. + +**Others**: + +* InsuranceDekho does not have good plans or enough plans + +* Myinsuranceclub was so bad that after 30min, I was not able to see any plans on the site + +* PolicyX – See [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/-/ga231fw) + +**Claim Settlement Ratio**: + +The document to check this is called "NL25". Every Insurance provider has this uploaded on their site. Although, this is cumulative information for all their policies but still it provides a base to compare. + +**ICICI Lombard**: + +As stated above, it is not a partner to either Coverfox or BankBazaar. Its premium was higher than even HDFC. However, it also offers coverage of pre-existing diseases after 2Y (compared to 3Y by HDFC). (As stated by both Coverfox and BankBazaar) Problem with ICICI is that when its premium band changes, after 4 or 5Y, the premium shoots up significantly. + +>One thing to add vis-a-vis ICICI Lombard. Purchasing it via Amex will give you a dedicated Amex team to handle your queries and claims. + +[This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1u6fb/) by u/librislibertas + +**Exclusions**: + +Earlier, there were a list of consumables (Syringe, Gloves etc.) and administrative expenses (Application fees etc.) which had to be paid by the policy holder but Oct-2020 onwards, IRDAI has disallowed these exclusions. If someone has any experience regarding this, I would be grateful. + +**OPD Coverage**: +>Be aware that, unlike in some other countries, HEALTH insurance in India is actually HOSPITALIZATION insurance (with some exceptions). If you get expensively ill but do not require hospitalization, you get nothing. + +[this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9ewn61) + +I really wanted a policy with OPD Coverage but their premium or the rider are very high. I would have paid additional ~3,000 yearly for OPD coverage limited to ~5,000 yearly. If anyone is interested, it is covered in HDFC ERGO Health Wallet. + +**Super Top-Up**: + +>Yes, Super top up is another policy on it's own. You even get a separate insurance card. + +Top-Up is effectively a separate policy and if I port the base policy, Top-Up is NOT ported. +Please see [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1fkqu/) by u/Prashank_25 + + +**Critical Illness Rider**: + +It is supposed to open to interpretation by the company, so I decided against it for now. + +**References**: + +* [Buying Health Insurance (plus a review request)](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/) + +* [Is health insurance worth it in India ?](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/is_health_insurance_worth_it_in_india/) + +* [Monthly Thread for Insurance Products](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) - Please go through at least 1Y of posts and comments. Some of the advice is Great. + +**EDIT** + +**Privacy**: + +Both **CoverFox** and **BankBazaar** had kept all medical and conversation information of mine for 2Y atleast. In 2018 also, I tried to convince my parents to buy Health Insurance but they were not interested then. Hence, I didn't buy any product from either site at that time (2018). Please remember this when you talk to anyone. + +**Edit 2**: + +**More References**: + +* [Health Insurance vs. Corona Kavach](https://www.reddit.com/r/IndiaInvestments/comments/hpplsw/a_comparison_of_standard_health_insurance_and/) by u/galeej + +* [Process similar to mine but got different opinion](https://www.reddit.com/r/IndiaInvestments/comments/g7uc0l/finally_on_a_health_policy_hunt_steps_included/) by u/HonestBat + +**Incurred Claim Ratio**: + +It can be found [Here](https://www.moneycontrol.com/news/business/personal-finance/general-insurers-incurred-claim-ratio-improves-5060391.html) provided by u/tvijay1. +It is NOT extremely relevant for established companies but it is better to have an idea about this. + +**Disclaimer: I am NOT a professional in financial field. Feel free to discard my advice at your convenience.** + +**Who/why need Health insurance in India?** + +**YES, Everyone needs to have Health Insurance.** + +If someone can't afford Health Insurance, He/She definitely can't afford Hospitalisation. + +Health Inflation in India is much higher than normal inflation and we need to be on this band wagon. +Further, You can account for your Food, Shelter, Education and other living expenses but Health Expenses are extremely high and sudden. Health Insurance reduce their impact on your lifestyle to a certain extant. I want to add many more sentences here but I don't want to repeat the linked posts above. Many smart people have given much better reasons, please read them. + +**Edit 3:** + +**PSU Insurance Companies** vs. **Private** + +I want to clarify that Government Companies may turn out better or more reliable. My personal preference is more towards 'Ease of Doing Business' and the perception is that private companies are much better in this regard. After some suggestions here, I looked at 2 of them. One had high premium with lower benefits and the other (SBI) told me that they can't take my money online (!) and I need to contact their office if I want to give them money. + +I believe that in 2020 this sort of headache is not worth the effort (for me). But, please look at the policies if you are interested and feel free to share your thoughts /experiences. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga5a5m0/) by u/MillenialIdeas provides his relevant experience. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga2noh1/?context=10) by u/iseelikeeagle has some interesting opinions. I don't agree with them but his/her experience is relevant. + +**Edit 4:** See Above + +**Edit 5: Co-pay & Deductible** (Also See Above) + +* [Why Co-Pay is bad for health Insurance](https://www.reddit.com/r/IndiaInvestments/comments/jjjaqh/why_copay_is_bad_for_health_insurance/) by u/ydoucar3 asks this question. + +* [This Link](https://www.careinsurance.com/health-insurance/co-pay-health-insurance) talks about Co-pay vs. Deductibles. I am NOT going into details because the difference is clear. + +* [This Link](https://www.godigit.com/health-insurance/what-is-copay-meaning-in-health-insurance) discuss this in some detail. It advocates my thoughts on this matter. + +Personally, I do not want to concern or limit myself to the question of cost of the medical care at the time of Health Emergency. If their is a co-pay clause, my parents will look for cheaper hospitals too whereas I want them to go for the best possible option (within my limited means). + +**Tl;dr:** Health Insurance purchase turned out to be a 1 week involved exercise for me and even then I made some mistakes. Please read thoroughly and decide wisely. +Recently I came across an article purporting that CNN posts fake buy ratings, and at first I thought it was just some Trump touting conspiracy article, but I had to click and see because I am naturally inquisitive. I'll entertain any angle, and as a trader, money talks, so if somebody is posting fake buy ratings, that can be the difference between making a fortune, or losing everything in certain circumstances. + +I read the article, and there is an archived link to an analyst consensus estimate for Alibaba. CNN has it listed at $1500, a 12 month 800% increase. Even when you see it, it's still hard to believe, but I checked their website and it's actually still there. They haven't taken it down, and the archived link was several months old. Has anybody else noticed this or is it just me? I'm pretty sure CNN is breaking several securities laws right now, and they also risk being sued... + +here is the [link](https://interactiveswingtrading.com/2019/08/03/alibaba-receives-1500-twelve-month-price-target-from-cnn-yes-you-read-that-right/) +Edit: The future value after 35 years from $349K is ~$2,684,681 + +Edit 2: Max out your HSA if your employer offers it and if you're healthy. That money helps when you're old and when you really need healthcare. + +You will be set for retirement after 10 years of hard work! I would at least continue to contribute enough money to get the employer match for 401k and Roth is tax-free investing. It would be a good idea to continue to work until you're 65 when you're eligible for Medicaid because paying for Healthcare yourself is extremely costly. + +It helps to stay over your folks' place for a while. Staying over their place may not be pleasant, but it beats working at Home Depot when you're old and you're forced to stay late without OT because your supervisor wanted to do your performance evaluations. + +I wish I started on this path many years ago. I slumped hard for 6 years after college, now I’m maxing out since last October. + +Compounding interest is your friend! + + + +http://www.moneychimp.com/calculator/compound_interest_calculator.htm + +The point is to make the best decisions you can early on. The money you put in the first 10 years is worth more than the amount you put in the next 30 years. +Dropped 40% plus today on bad guidance and revenue miss. + +But still the main valuation factor, iGaming seems to be doing well. + +Plus most analysts seem to point at higher valuations? + +Thoughts.from you guys? + +Not to mention, this is one of the cheaper fintech play. +What do you do for active income? What jobs do you recommend for someone who wants to actively invest but is currently unemployed? + +I am in the middle of a career shift with no corporate experience. I have a bachelors degree and am currently getting an MBA. I ultimately want to focus on real estate investing however I need some income to live off of too. +Found [this forum entry on investorshub](https://investorshub.advfn.com/boards/read_msg.aspx?message_id=100401823) totally by conicidence and its some confession from somebody who worked for a MM in the 80s and i couldnt belive how many simillarities there are now nearly 30 years later. + +Here are some goodies that i found : + + +> *Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.* + +> *Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.* + + +> *This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.* + + +or also another one + +> *Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. +This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."* + +Well honestly, sounds pretty good for us i would say. Looks like we are the 1 out of 10, so what else to say than : **TITS JACKED** + +It also goes into much more into detail and i dont have enough wrinkles to understand it, but i hope some others will read through it and make some conclusion for the similiarities today. + +Obligatory 🚀🌕 +Mid 30s, IT professional. Married, 2 very young kids. Target FIRE age early 40s @ 3% SWR. + +I've been at my current company for over 6 years, so I feel like I'm overdue to change jobs to get that coveted big salary bump (say, +20% salary for changing jobs). It's always felt like the "right" thing to do at my age (prime of career?) to maximize earning power. + +That said, my current job is pretty chill, good work life balance and benefits - but I know I'll never get a +20% salary bump through raises/promotions at my current company. I'm not saying I wouldn't still *look* for the work/life balance perks in a new job, but it's always a gamble for it to pan out the way they tell you it will in the interviews. + +And while it feels foolish to not pursue a +20% salary bump, when I put the numbers into my FIRE calculator, it doesn't even shave a year off my time to FIRE. + +What are opinions on it being worth it and risk assessment here? +Hello, + +I apologize if this is in the wrong subreddit. I'll try to make this as short as possible. My sister and her husband are closing on a house soon. Quick info about her and her family: + +* Her salary: $102,000 per year, excluding annual bonuses if available that year +* She mostly works from home aside from a quick visit to her company once every couple of weeks +* She works in the IT department for a well-known healthcare company +* Husband is stay-at-home dad and will be for a while due to health reasons +* 401k balance: around $50,000 as of today with around $25,000 of that from her monthly contributions. She is fully vested. +* No other source of income +* They have four kids: ages 2, 8, 12, 16 +* House Location: Pomona, CA (in Los Angeles County, also close to Orange County) +* 3 bedrooms, 2.5 baths, no backyard or front yard but there is a small side yard. +* Mortgage: $530,000, 30-year fixed, 2.45% interest rate +* Excellent credit score, two cars but already paid off, minimal credit card debt and no other debts +* Monthly HOA fees: $250 + +**Can she afford it?** I am happy that her family will finally have their own house, but I am a little worried that they won't be able to afford it in the future. She was didn't tell me how much she will be paying a month, including all the insurance premiums, and I have a feeling she didn't want to tell me. A quick google "mortgage calculator" search says she will be paying $2,041 a month **excluding** insurance, HOA fees, etc. What are your thoughts? +Hi. I graduated from uni in May!! I was working 3 jobs when I was in school so I thought I could keep that mentality but the (career-related) jobs I’m working now require more mentally and physically and I’m starting to feel BURNT OUT quick. I’ve been toying with the idea of going down to two but I can’t, because the one I would quit is the only one that gives me insurance. + +I recently quit one of my jobs (RIP to the big money :/) but started a new one 20+ days ago. However, I have YET to make any money even though I have spent $300 on pre-employment expenses!!! So I’m getting a little nervous about my finances. Not only that, the job is not an hourly pay job. As a mental health counselor, I get paid by billable hours. If clients don’t show up for therapy, I don’t get paid :/ + +And with Christmas, and then a graduation trip my parent’s bought for me and then my birthday right after, I’m gonna spend tooooo much money these next few months. +I’m freaking out about my finances. + +I’m paying for a lot. In total, I probably spend about 2k a month and usually make about 3k a month. But as I mentioned, I haven’t started making any income from this new job and it will not bring me *steady* income so I probably need to work even more at one of my other jobs than I am now to account for that🤦🏾‍♀️ I’m overworked. I’m overwhelmed. And maybe I’m in over my head. But okay, here are my expenses. + +Rent $985. +Electricity, water, and sewage (est. $150) +Internet ($55) +Phone $80-85. +Car insurance $1,056 for 6 months (next payment due in February). +Loan $174 +Kindle $9.99 I NEED +Netflix $8.99 I *don’t* need but my little sister uses it so I’d feel bad not having it🙈 +Food (usually $600+) but obviously that needs to change 😬 + + +I can’t really think of anything to not have. I work from home so I need internet. Sure, I could save $9 without Netflix but that’ll only save me $100 a year. I’ve thought about not getting my car insurance renewed. I’m working mostly from home these days so for the time being, maybe I don’t it. Otherwise, it just seems like I need to work more even though I’m working 50-60+ hours a week. + +Edit: food is for me and my boyfriend. Still expensive +Hello fellow traders - well, fellow traders isn't true l, considering I no longer am. + +I could tell you how I traded, but I'm sure you know already it was stupid. To make £200k in a year from 50k is pretty amazing - but I now know it was pure luck. + +The only reason I'm making this post is a warning - to keep in mind that if you're being stupid with your trades, you will eventually lose money. + +Just over 3 months ago, I had half a million pounds. Since then, I lost my home, relationship, and mental health. After losing my job due to my depression, I'm now 3 months behind on rent - so will soon be kicked out of this place. I've recently been in a psyc ward due to a suicide attempt. But the thing is, even at the top, It wasn't enough for me. I wanted more and look where it got me? Please, I'm 27 years old and I lived and lost my life in the space of a year - be careful folks + +Please, don't be an idiot with your trades people. I ha +Context: + +* Introduction ([https://www.reddit.com/r/fatFIRE/comments/pyqf2a/confessions\_of\_a\_hectomillionaire\_part\_1/](https://www.reddit.com/r/fatFIRE/comments/pyqf2a/confessions_of_a_hectomillionaire_part_1/)) +* Investments and Portfolio Management ([https://www.reddit.com/r/fatFIRE/comments/q2p32j/confessions\_of\_a\_hectomillionaire\_part\_2/](https://www.reddit.com/r/fatFIRE/comments/q2p32j/confessions_of_a_hectomillionaire_part_2/)) +* Expenses and Living without Financial Constraints ([https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions\_of\_a\_hectomillionaire\_part\_3\_expenses/](https://www.reddit.com/r/fatFIRE/comments/q7fmu1/confessions_of_a_hectomillionaire_part_3_expenses/) ) + +\------------------------- + +I was debating how I should title this post. A suitable boring title would be “Paradox of Philanthropy” but it doesn’t capture how the intersection of good intentions and big egos makes the world a more complicated place. I decided to use the super cringey title “I am NOT a Superman”**.** Many successful people get into philanthropy hoping to make a big impact and to be the savior of broken systems. But in my opinion, effective philanthropy requires humility. People need to recognize their limits and don’t expect they can borrow the success they learn from the business world to single-handedly solve big issues like education, cancer or criminal justice. We can all contribute to the solutions in small ways but I believe people need to be humble to be effective and not let ambitions and egos get in the way of the real solution. To retain my anonymity, I couldn’t really get into too many details but I will try to be concrete. If philanthropy is part of your fatFire plan, I hope this post would be helpful. + +First, I want to recognize there are straightforward ways to give money away. A lot of the direct assistance programs like college scholarships, youth programs, or food banks are easy to understand and the money goes to people who are in need directly. My family set up a scholarship fund for a public university a while back. We did some research and realized that elite universities are insanely rich already and have billions in endowment that they don’t need more money to support their less-well-to-do students. Malcolm Gladwell had a [take-down piece](https://www.businessinsider.com/malcolm-gladwell-billionaires-shouldnt-donate-to-large-universities-2016-8) for John Paulson’s $400M Harvard donation. It’s worth a read and I agreed with him that I would rather give money to Cal State University than to Stanford or Yale if the goal is to give more opportunities to the next generation. + +Direct assistance is great but I want to focus on the rest of the post on the challenges of using philanthropy to solve big systemic problems facing our societies. When I started getting involved in philanthropy after the big windfall, I thought I could make the world a better place by giving away my time, money and skills. I have good intentions. But in retrospect, I am not sure if all the money, time and effort I put into this area is more worthwhile than the money I threw into startups in terms of sustainable impact. + +There are several structural issues that make things hard for nonprofits. It’s pretty complex but I would summarize the issues as follows: + +**Fundraising and misaligned incentives.** Many nonprofits exist because they can get money from donors. They only have to be good at fundraising, not necessarily good at generating results. I met quite a few nonprofits who have generated really good results but never get the resources they need. They are either not super focused on fundraising because they are busy serving their community or their work is too unsexy to tell a good story. In addition, large donors often hold the power of critical decision because they are the ones who give the organization money. It’s not uncommon for these large donors to tell you, the org, what to do even if they are clueless. In other words, if you don’t do what they ask you to do, you don’t get the resources. But if you do get the resources, you might not be doing things that are the most effective. This misalignment on mission and fundraising is quite a big challenge in many organizations. + +**Symbiotic Relationship.** Once you give money to an organization, when do you stop? It's not uncommon for nonprofits to go out of business when the major donors bail. If an organization can never stand on its own without major patronage, is this organization worth existing? If so, what's the criteria? Investments, on the other hand, make the relationship simpler. The organization is supposed to be sustainable in the long run. I made a lot of investments in climate and edtech that are not aiming for outsized returns but long term sustainability. I think many of them can work and potentially be way more impactful than their nonprofit counterparts. + +**Slow/No feedback loop. Hard measurement problems.** How do you really measure impact? You can put in hundreds of millions in K-12 education or brain research and don’t see clear results. It takes a long time(13 years) for a kid to go through K-12 and scientific discoveries are unpredictable. It’s really hard to know the results in a reasonable time frame. People can come up with metrics but often they are proxies that have a very limited view to the actual outcomes. There’s also this “what’s the end game?” question. Do you keep plowing money into it until you see measurable results or you pull the plug at some point? The decisions can be quite subjective. Again, an investment’s objective is more well defined but it does have its limits since the most important measure is typically the financial viability. + +**Skin in the game.** A few years back, a top philanthropist hypothesized smaller high schools will increase student achievement and graduation rates. He wanted to \*take the risk\* and gave hundreds of millions to school districts to make high schools smaller. The results ended up being mixed. The top philanthropist moved on to other education initiatives but the school districts are stuck with smaller schools that are more costly to run. The top philanthropist lost money from his \*investment\* (which is a drop in the bucket for him) but the school districts have to deal with the long term consequences. The risk of having a big social experiment can be asymmetric. Namely, if it succeeds, the glory goes to the philanthropist and everyone is happy. But if it fails, it doesn’t really affect the philanthropist much but the consequences most likely would be suffered by the people they originally try to help. + +**Scale of problems.** People want to solve big problems like education, climate, poverty or cancer. But these are multi trillion dollar problems, your millions or even billions are not going to make a dent. The only way that these big problems can be systematically changed is through policy, which is usually complicated and controversial or through building trillion dollar companies like Amazon or Google, which only took a single digit billions of outside capital to build but they do come with other baggage people don’t necessarily appreciate. + +In summary, despite good intentions, nonprofits are really hard because very often, its impact is hard to measure, it doesn’t have a self-sustainable path, and the problems they are trying to tackle are so huge it’s like boiling the ocean. In addition, the donors have so much power and control in the process. Their egos can get in the way and they don’t necessarily have the skin in the game for the solution. + +I keep hearing people calling impact-focused companies sellouts if they are not set up as nonprofits. I found this characterization absurd if they actually know how nonprofits work. Companies like Calm, Coursera or Patagonia might be set up as for-profit companies and they do have strong profit motives. But they are either cash flow positive or on a path to be cash flow positive. They don’t have to constantly beg for money like most nonprofits. They are in charge of their own destiny. They don’t rely on a small number of big donors to sustain their operations so they can actually have a real say about the company direction instead of catering to big donors’ needs. I would recommend impact focused entrepreneurs to set up their companies as for-profits if they could generate enough revenue to sustain their operations in the long run. It's also easier to raise money at series seed, A, B, C milestones instead of raising money non-stop 365 days a year. + +In addition to the structural problems facing nonprofits, there are also complex interpersonal issues between the philanthropists and people around them. If you walk into philanthropy with deep pockets, there are few things you need to pay attention to not get blind sided. + +First, **people are not going to tell you that your idea/solution is stupid**. An acquaintance who worked at a billionaire foundation told me they were solving childhood obesity by using a fitbit kind of device to get kids to move more and to earn rewards. I thought exercise was good for kids’ health but I have doubts that increased activity will solve the childhood obesity problem. I am no health expert. But my understanding of America's obesity crisis is more about what people eat and less about how much people exercise. But obviously no one really challenged the proposed solution and they spent millions on it afaik. I didn’t follow up with him but last time I googled it, it didn’t appear they were still pushing it. Frankly, I think the whole thing is kind of amateur but the moral of the story is that nobody is going to stop you, the philanthropist, from wasting your money on wrong solutions. What’s the benefit for the staff if they speak up? Nobody wants to risk getting fired or being relegated. Your idea will always be amazing and innovative to your staff. (Note: for all big-shot philanthropists who have seen this post, consider posting your philanthropic idea on reddit anonymously, we will tell you the truth about your idea unfiltered.) + +**You may not be aware but the problem could be you.** I had a conversation with a billionaire couple about their philanthropic strategy a few years back. The husband asked me if I have any feedback and suggestions of their plan. The solutionist in me thought hard and gave them a list of things that I believe could be changed and improved. The husband, who is a public company CEO, was gracious but the wife was visibly offended by my suggestions. This is the same person who gave a speech about wanting to know the truth and not wanting to become the emperor without clothes. My reaction was that people are not going to give her the critical feedback if that’s her reaction. But since she didn’t ask for my opinions about her emperor-without-clothes speech, I kept my mouth shut. I do recognize that in her day to day life, people are deferential to her so very few people will talk to her the way I did. It’s not surprising that she found me to be rude (but I don’t care since I am fatFired). I doubt she took any of my suggestions due to my \*rudeness\*. The jury is still out but I suspect their philanthropy is not going to be super effective if an objective assessment can cause so much angst on the founder. + +**You hold all the power.** An intriguing phenomenon about the philanthropy world I observed is that a good number of billionaires' philanthropy efforts culminate in some kind of big announcement with splashy PR and glitzy events. I remember a few years back a super prominent billionaire couple told the world that they want to cure, prevent or manage all diseases by the end of this century and they held a giant event with all the silicon valley luminaries present. I applauded their ambitions but if you really understand the medical research landscape, even if all the diseases are cured, prevented, and managed, it’s not because of them. It’s a collective effort and they are not even going to be the largest funder. Last time I checked, their medical research grants of \~$300 millions a year are still a fraction of NIH annual budget of $40B+ and lag behind Wellcome Trust ($1.5B), Howard Hughes Medical Institute($732M) and Gates Foundation. I don’t really see how they can even get to a good percentage of NIH funding level if they want to claim to be a dominant player of disease curing. People are hopeful and optimistic when they announce their shiny new thing. But like all the hard problems, scientific discovery is hard, messy, slow, expensive and unpredictable. I hope the founders never lose interest like another mogul who abruptly pulled out of anti-aging research. It’s not uncommon for a foundation to pull out of an area because the founders decide so for any reason, good or bad. But who can you blame? They have ultimate control of the money. It is just that the grantees would suffer greatly if they lose their funding. + +Despite all the negative sentiment, there are two philanthropists I do admire: Howard Hughes and MacKenzie Scott. I would like to follow their concentrated and humble approach respectively. Howard Hughes started HHMI (Howard Hughes Medical Institute) back in the 1950s but the organization’s impact really materialized after he passed. It became a powerhouse in frontier medical research today and is basically the Nobel laureate factory. Almost every year there’s a Nobel laureate who is/was an HHMI investigator and there are only a few hundred of them around the world. **HHMI bets on people, not projects.** They give young promising scientists \~$9M over 7 years with no strings attached so they can focus on their long term vision. These grants can be renewed every 7 years and this empowering the brightest scientists approach is paying off big time. I might be exaggerating a bit, but basically you give a super smart scientist $1M+ a year for 20 years, and there’s a good chance (s)he will have a breakthrough that’s worth a Nobel prize. The investigators HHMI funded made CRISPR, next generation sequencing, and many cutting edge discoveries a reality. They don’t have a donate button on their website as it appears most funding for HHMI is from the endowment. But HHMI will be a default place for my money to go to if I decide to go with medical research assuming they will take my money for the investigator program. IMO, giving money to the brightest scientists to change the trajectory of humanity is more worth it than giving money to the IRS to make a micro dent to the enormous national debt. + +MacKenzie Scott’s giving is a breath of fresh air. She took this no strings attached approach to the causes she cares about and she gave $6B just in 2020, which is more than Gates foundation’s $5.3B grants in 2020. I am fortunate enough to be involved with several of her grantees. She did the research mostly with her own resources without taking grantees’ time. I don’t know if people know this but it came as a surprise for the organizations when the funding decisions were made. Even more surprising is that she gave the money and basically told us that ***“Hey, you guys do great work. Here is the money. Spend it wisely to make your organization better. We won’t give you more money and don’t contact us ever again. Thanks, bye.”*** We don’t even need to think about how to cater to her to get more funding. She and her team’s ability to recognize people who are already doing great work and give them enough money to actually improve things is the ultimate gift. Her approach is an exception, not the norm though. I wish more billionaire philanthropists could be like her instead of trying to control everything and to take the credit. + +As I reflect on my (mis)adventure in the philanthropic world, I realize that I can be more effective by simply supporting people’ great work from the background. Many people (esp people from tech) try to reinvent the wheel and slap their names on the causes they engage in. I found that unnecessary, wasteful and egoistic. I would call that “Superman Syndrome”. I am NOT a superman and my role as a philanthropist is to identify great people already out there and invest in them for a better future. (Note: I agree Howard Hughes is a superman. But I think the only person in our time who is a superman is Elon Musk.) I still have doubts that nonprofits are the best structure to do it but regardless of the setup, giving money to the right people with no strings attached is my guiding principle and I won’t even bother setting up a big foundation. As we have seen in MacKenzie Scott’s giving, it doesn’t have to be so complicated. + +\----------- + +I hope this post doesn’t feel all over the place. Philanthropy is a complex topic. All the negative examples I listed here are real. If you google hard enough, you will know who I am talking about. I just don’t feel like saying their names out loud. After all, they have good intentions. Next week, I will make a post about work and purpose after giving out my opinions about philanthropy. +https://www.credible.com/blog/data-insights/us-cut-student-loan-rates/ + +Quote from article + +*The new rates on federal student loans, effective from July 1, 2019, through June 30, 2020, will be:* + +*Undergraduates: 4.53% (down 10% from the 5.05% rate in effect during 2018-19)* + +*Graduate students: 6.08% (down 8% from the old rate of 6.6%)* + +*Grad and parent PLUS loans: 7.08% (down 7% from the previous rate of 7.6%)* + + +Article also states this could mean a total of 2.9billion saved by undergraduates. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Good Morning Everyone, + +lets get straight in to it. Please cast your mind back to the ortex fuckery of October. + +The ORTEX glitch in October detailed here showed a short interest increase of 13.38m shares. + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/yetswd\/glitch\_day\_gme\_short\_interest\_6737m\_2657\_changed](https://preview.redd.it/2fc8ggeupn4a1.png?width=1522&format=png&auto=webp&s=6c5cc681e1e4ba5cac6a363b3ac1b30691da8aab) + +This comment from u/akrilexus shamelessly stolen from u/region-formal 's post here calculates circa 13m shares pulled from DRS by hedgies: + +&#x200B; + +[https:\/\/www.reddit.com\/r\/Superstonk\/comments\/zfves9\/drs\_has\_been\_increasing\_exponentially\_each\_quarter\/](https://preview.redd.it/c5fjaao5qn4a1.png?width=1391&format=png&auto=webp&s=2691f3d7c66789ff6f10e50cd8f74b749a28e929) + +The timeline adds up as the quarterly report details DRS up to end of October which was around the same time as the ortex fuckery, + +I think we can safely say it wasnt a glitch after all. The good news is these shares are now safe in the hands of apes, chilling in the infinity pool. + +Hedgies r fuk. + +LMAYO + +&#x200B; + +edit 1: more substantiation of the 13m figure: + +&#x200B; + +https://preview.redd.it/nywlkg1vvn4a1.png?width=700&format=png&auto=webp&s=cfdeeca79c50045f731d2b585115596435ef9349 + +&#x200B; + +https://preview.redd.it/xf7ankvpsn4a1.png?width=861&format=png&auto=webp&s=f91483658b1d1052478c62ad088b7a5f8ffac1ee +After a lot of grinding and sacrifices i’m now on a comfortable path to FatFIRE. I can finally see the end of the tunnel, it’s just a matter of time. With my monetary goals mostly secured, I’ve been thinking about other goals: spiritual, family, health, etc. + +I was reading a recent post from a FIRE blogger saying that he wished he had had kids earlier so he could have had more. I also had a chat with a friend who said that he wished he had behaved more honourably in some of his business dealings. It would have only added a couple more years to his FIRE date, but he would have been able to hold his head high in certain social circles where he is ostracized now. + +What are some other lessons you guys have learned? +Does it ever feel like the Canadian market acts like unsupervised children on days when the US markets are closed? I was watching the price action of the Canadian S&P500, US total market, and NASDAQ 100 ETFs, and their movements made no sense. + +Is it driven by pure supply and demand on days like today, or by some correlation to the futures? +I was thinking this morning about habits I developed a bit later than I should have, even when I knew I should have been doing them. These are a few things I thought I'd share and interested if others who are out of their 20s now have anything additional to add. + +Edit 1: This is not a everyone must follow this list, but rather one philosophy and how I look back on things. + +Edit 2: I had NO idea this musing would blow up like this. I'm at work now but will do my best to respond to all the questions/comments I can later today. + + +1. Take full advantage of 401K match. When I first started my career I didn't always do this. I wasn't making a lot of money and prioritized fun over free money. Honestly I could have had just as much fun and made some better financial choices elsewhere, like not leasing a car. +2. Invest in a Roth IRA. Once I did start putting money into a 401K I was often going past the match amount and not funding a Roth instead. If I could go back that's what I'd do. I'm not in a place where I max out my 401K and my with and I both max out Roth IRAs. +3. Don't get new cars. I was originally going to say don't lease as that's what I did but a better rule is no new cars. One exception here is if you are fully funding your retirement and just make a boatload of money and choose to treat yourself in this way go for it. I still think it's better to get a 2 year old car than a new one even then but I'll try not to get too preachy. +4. Buy cars you can afford with cash. I've decided that for me I now buy cars cash and don't finance them, but I understand why some people prefer to take out very low interest loans on cars. If you are going to take a loan make sure you have the full amount in cash and invest it at a higher rate of return, if it's just sitting in a bank account you are losing money. We've been conditioned for years that we all deserve shiny new things. We don't deserve them these are wants not needs. + + + +Those are my big ones. I was good with a lot of other stuff. I've never carried a balance on a credit card. I always paid my bills on time. I had an emergency fund saved up quite early in my career. The items above are where I look back and see easy room for improvement that now at 37 would have paid off quite well for me with little to no real impact on my lifestyle back then aside from driving around less fancy cars. + [https://fred.stlouisfed.org/series/M2V](https://fred.stlouisfed.org/series/M2V) +i understand the basic concept of velocity of money. trying to understand the big picture of why its gone down since 1997 +My wife and I are retired with three kids. Net worth ~$25M. Our oldest, F30 and her husband are high earners and gearing up to buy a house. + +They are looking at $1M-1.5M homes and have ~$100k saved for down payment. Monthly payments will not be a problem and I know they want to “buy it on their own.” + +That said, how can I help get them a lower rate? They’re looking at $715k conventional loan, but will still need $400k+ for the down payment. I’m thinking with my assistance on the down payment, they may be able to get a lower rate… + +Does anyone have experience with private family mortgages? Other options my wife and I should consider? +—— + +EDIT: Wow, thank you for all the helpful responses! + +A few points of clarification: +- We live on the west coast and they work in a large city. They are planning on sticking closer to $1M, but helpful context in that $400k doesn’t go very far. +- My daughter recently graduated from +grad school. Combined, their income is ~$350k. They’re both great kids and haven’t asked me for money. They’re approved at $1.3 based on their salaries. + +*home +No offense, but I just can't stand the typical Indian youtuber and those massive hindi thumbnails etc. + +I would love a nice, clean, english explanation of the income tax system, how to file taxes etc. Anything like this out there? +Last Tuesday, I did something irresponsible for the sake of my mental health and quit a job where I was miserable, without another job lined up. As the sole income provider this was a huge gamble, but I had an interview on Friday that I was feeling really confident about. + +I should pause here to note two things: 1) I'm a codependent, and avoid conflict like the plague. 2) I am this way because of my childhood, being raised by my narcissistic mother. My former boss was exactly like her, hence why I left. + +So, I killed the interview on Friday. Met the two attorneys I would be working for. They are amazing and offered me a job at the end, but said that they would need the senior partner's approval first, so to wait for his call. + +I got the call this morning. We went back and forth a little bit. My starting point was $X, he wanted to offer X-$7k. He noted that health insurance is 100% employer-contributed, and not only was I getting 2 more weeks of PTO than my last employer, but I would get PTO on my bday (this is actually an awesome perk because mine almost always falls around a federal holiday, which means the potential for a paid 4-day weekend). + +I said meet me at X-5k, so he said he'd do X-7 but cut me a personal check each month for gas allowance. When I incorporated that in, I was almost sold. My husband told me to ask for an additional $50. What's the worst he can say, No? + +Well, codependent me was terrified to ruffle the feathers. But I thought, although beggars can't be choosers, I'd potentially miss out on an extra $600 a year for the sake of not hurting someone's feelings. + +So I asked. And he actually said that he was taken aback, and felt like I was nickel and diming him! But you know what? I stuck with it. I said, "Yes, well, I am very eager to start, so if you can meet me there, I can start tomorrow." He said he had to get back to me. + +And wouldn't you know, he did. I got that extra allowance. I stuck to my guns. I put conflict aside to make sure he knew right off the bat that I know what I am worth. And it felt amazing. + +You miss 100% of the shots you don't take. And let me also just add that it feels really good knowing you're earning a salary you can support a family on, and that you made it happen by being assertive. It's just a huge weight off my shoulders, that I won't have to worry about whether I can pay all the bills on time. + +ETA: thanks for the gold! :) +Sold our home we had mortgaged after 2 years of living in it for 140k profit. I’ve spent majority of my life with sub 5k in my bank account. We moved back into a home that I own and have been renting with plans of completely renovating and selling. I am absolutely terrified of losing this money by making poor decisions with it. I plan on full re investing it in real estate I am just unsure the best way to do so. I would like to not lose big chunks to taxes so what type of investing would get me the most for my money? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +So I quite frequently see that your best investment for long term strategy is to just buy and hold something like VOO. I've been questioning if it really is because it doesn't seem to be as diversified as people may think. With consideration of the index being 22% FAAMG, it doesn't seem to be THAT diversified. Also a good chunk of the companies are probably companies will never recover, have even stock price, or continue to downtrend? Is the s&p really that great of a bet if you're willing to do just a little bit of active management and weed out some of these garbage companies? Is it ok that there will be companies that don't perform well, because those will be smaller %s of the fund? But even then, why have that dead weight in your portfolio? + +I guess I'd really just love to know what y'all think, if you agree or disagree, or if you can open my eyes to the light for this so I can be more confident in investing in something like VOO. It's hard, especially now, to keep putting money in VOO when I've been splitting my money evenly between VOO and QQQ and see QQQ drastically outperform. I'm in my mid 20s, so maybe its worth staying riskier with QQQ and VOO isn't worth it for me? Would appreciate some thoughts! +Amid all the mod drama, dates hype and other distractions, I guess no one has noticed that [one of GameStop's most interesting new job postings is for a "Director of SEC and Financial Reporting](https://www.linkedin.com/jobs/view/director-sec-and-financial-reporting-at-gamestop-2615517946/)," which could indicate that GameStop is about to get a lot more serious about SEC engagement and shareholder protection by devoting an entire full-time $100-150k position to the responsibility. + +The new hire will be responsible for monitoring SEC developments to identify and document the potential impact of new pronouncements or other authoritative guidance and manage the implementation of the related disclosure requirements. Most intriguingly, the position will oversee "the equity process including tasks related to stock-based compensation, equity rollforward, shares outstanding, calculation of basic/diluted EPS, including an evaluation of the dilutive impact of equity-based awards with performance conditions." + +The inclusion of "shares outstanding" in the job description is probably routine but might also be interpreted to imply an upcoming effort to reign in or otherwise grapple with the problem of naked shorts, FTDs, etc. In addition, calculation of basic/diluted EPS (Earnings Per Share) is directly related to potential issuance of shareholder dividends and/or a merger, as discussed below. + +[The Balance explains](https://www.thebalance.com/basic-vs-diluted-eps-357566)...What are Basic and Diluted Earnings per Share? + +🚀 "When you dive into the income statement (also known as the company's "profit and loss statement"), you have to do it on two levels. + +* First, look at the entire business: How profitable is the company as a whole? +* Second, examine the profits per share: Publicly traded companies are cut up into individual pieces or "shares." Each of those shares represents part of the overall ownership pie. How much of the after-tax income is each piece of the company entitled to receive?  + +🚀 Basic earnings per share is a company's net income, minus cumulative preferred **dividends**, divided by the number of common outstanding shares. Diluted earnings per share represent the company's net income minus preferred dividends, divided by the total of the weighted average number of shares and other dilutive securities. + +🚀 To an investor who is looking for **dividends**, the second figure is what counts. A company might create more profit each year but give little of that profit to the shareholders per share. That is not good for a shareholder who invests for dividends, but it might be good for someone who looks for rising share values. + +🚀 Profits get lost on their way to shareholders (diluted) for many reasons. For instance, a **merger** may result in new shares being issued; employees may have stock options with vesting periods that are ending; there may be securities such as warrants or convertible preferred stock issued that dilute a stock." + +[This other blog further explains](https://businessdegrees.uab.edu/blog/basic-eps-vs-diluted-eps/) "earnings per share (EPS) is a measure of a company’s profitability and, by extension, a key indicator of its overall financial performance. In its most fundamental form (basic EPS), it indicates how much profit is assigned to each share of its common stock, which is valuable information for the firm’s investors. + +🚀 A high EPS generally indicates that the company has the money either to pay out via **dividends** or reinvest in the business itself, whereas low EPS implies the opposite. Accordingly, how a company’s reported EPS squares with capital market expectations can cause significant fluctuations in its stock price. + +🚀 In addition to basic EPS, there is also diluted EPS. This measure accounts for any convertible securities — such as employee stock options, convertible debt, convertible preferred shares, and warrants — that could be exercised, thereby diluting the EPS figure. Note that diluted EPS is by definition a theoretical figure, since it assumes something that hasn’t happened yet. + +**Basic vs. diluted EPS, explained** + +🚀 The formula for basic EPS is relatively straightforward. An accountant will subtract the company’s dividends for preferred stock from its net income, then divide that number by the weighted average of the common shares outstanding over the applicable accounting period. In calculating this weighted average, accountants must factor in any stock splits, stock dividends, share repurchases (also known as stock buybacks), and shares issued. + +🚀 The basic EPS figure is in theory a great indicator of a company’s financial health and stock price. Indeed, high EPS implies that it is a worthwhile investment. However, there are some distinct limitations to EPS: + +* The existence of stock buybacks — which have surged since the 1980s — means that a company can reduce its total number of shares outstanding without actually increasing its net income, leading to a deceptively high EPS. +* **Mergers** and acquisitions can distort EPS. +* EPS does not provide any direct indication of a company’s debt position or financial leverage, two figures that any informed investor will want to know about. Plus, debt might be issued for buybacks. +* Any adjustments in a company’s accounting policy — note that generally accepted accounting principles (GAAP) are not law — can result in changes in EPS. +* EPS does not reveal how much capital was needed to generate the figure in question. In other words, two companies could have identical EPS numbers but radically different amounts of capital used, meaning that one made much better use of its resources. + +🚀 Now let’s turn to diluted EPS. The formula is dividends for preferred stock subtracted from net income, divided by the sum of the weighted average of shares outstanding and the impact of all dilutive securities, including convertible shares, warrants, and stock options. As a result, diluted EPS is lower than EPS. + +🚀 Diluted EPS can be complicated to calculate. For starters, an accountant would need to determine what it would cost to exercise the company’s issued options, based on the strike (exercise) price of the shares in question multiplied by the total number of options. + +🚀 That figure would then be divided by the current market price of the stock, which would yield the number of shares that could be purchased with the value of the exercised options. Finally, subtracting that figure from the sum of the outstanding shares would provide the number of excess shares necessary for meeting the company’s obligations." + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +TL;DR: GameStop is hiring a new Director of SEC and Financial Reporting who will broadly deal with and oversee many aspects of $GME stock of concern to shareholders. This is a high-level position with a salary up to $150k. It's super bullish for shareholders because it means that a Certified Public Accountant with deep experience will be working full-time on SEC issues and the equity process. + +Edit 1: Many commenters are expressing that this is a "normal" job position at many public corporations. This is definitely true. You can search the web and find a bunch of similar job descriptions at other companies. The relevant question is why GME needs to hire a Director of SEC and Financial Reporting, at this point in time, and how long and why the position has been vacant. This is pure speculation on my part but I have a hunch that GME hasn't had a dedicated individual in this position for a while, and the role of SEC reporting has been carried out recently by a team led by Chief Accounting Officer Diana Jajeh. Her bio on GameStop's website states, "Under her leadership, Diana and her team continue to enhance the organization’s global capabilities and service offerings in the areas of governance and compliance, accounting advisory, SEC reporting, tax planning strategies, treasury operations and capital planning and process improvements and system implementation." The last record I could find of someone filling a Director of Financial Reporting position at GameStop is an individual who was in this position for 3 years and 9 months until April 2020, according to his LinkedIn profile. Given the financial challenges GameStop was going through in 2020, the position may have been vacant for over a year as a money-saving measure, with its responsibilities assumed by others in the organization. The old job title was Director of Financial Reporting; the new title is Director of SEC and Financial Reporting. The new position is one of the first high-level jobs that GME advertised after raising $1.1 billion from the mid-June 2021 share offering. It wasn't my intention to imply that this sort of position is unique to GameStop, but I do think it's great news (and bullish) that this position is a priority now and will soon be filled. It's going to give GameStop extra firepower dealing with SEC and equity issues at a very pivotal juncture in the company's transformation with shareholders eagerly awaiting progress. + +Edit 2: I think it's super freaking awesome that this post resulted in MORE THAN QUADRUPLING (so far) the number of applicants for this position via LinkedIn! When I first posted, only 2 people had applied for the job via LinkedIn. Now with all of the attention from SuperStonk and other subs, in less than 24 hours the number of applicants via LinkedIn has gone up to 9! This means there is a real chance that an ape could be hired as GameStop's next Director of SEC and Financial Reporting. How cool would that be? Good luck to all of the ape-plicants, I hope one of you gets it! + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 +I’d like to invest in something that would generate $30000 a year. Would like to entertain as many options as possible. How about some ideas. Thank you +Our kid is entering 2nd grade this year. He’s been attending this private school that costs 50k (and rising) a year. + +I had an epiphany 2 weeks ago. We went to his schoolmate’s birthday party. It was at this mansion with swimming pool. I sat down and looked around and it just hit me how homogeneous the kids are. I noticed that my son was not as at ease as compared to when he was with his soccer teammates (who came from different backgrounds). + +Frankly, I am an extrovert but I can’t blend with these ultra high net worth families also. The conversation doesn’t feel natural to me. I can’t be myself. + +Since that day, I started looking back. One of the thing I noticed also that my son is the most athletic by miles compared to his classmates. Not because he’s some kind of genetic wander, the kids are just not into sports. So often, my son has to look for 3rd or 4th graders to play during recess. I can’t help thinking that my son will just be a regular kid in our public school and the school probably has good sport program that he can be part of. When I told my spouse about this, my spouse confirmed my worries. He too thought that the kids are too spoiled, too rich like we are living in the bubble. + +Since then I started to look at things differently and convince that public school might be a better option for my kid. + +We already prepaid 1/3 of the tuition. Does it make a difference pulling kid at the beginning of 2nd grade or 3rd grade? Is it now a good time to switch so he can form friendships in the new public school? We also want to get to know our neighborhood kids so the sooner we switch, the better. +2FA stopped sending SMS's to my phone... and support ignores me. Apparently I need karma to post on the coinbase reddit to get their attention. That should tell you all you need to know about putting money in coinbase. + +Any karma will be much appreciated, not sure how I can give it out myself... will gladly do so if someone explains.. + +EDIT: Thanks guys! I got enough to post and got a reply in minutes... this after usually waiting 4-5 days (or never). +I've been living in Germany for two years and I'm at the end of my master degree in information systems + management. During my studies I've been working part time in the IT department of a big manufacturing company for a year and a half, however once graduated I would like to start my career in consulting as I think it can offer better growth opportunities. Yesterday I had an interview for a data analytics consultant position in a Big4 and I was told that the gross salary would be about 48K, while from what I was able to understand a large company would pay about 10K more for a similar position. The job seems very interesting and I have no doubt that it offers excellent development opportunities (according to the contract you can also take courses and do certifications paid by the company for 4 weeks a year), but I wonder if this difference in salary is not too much and if starting in consulting under these conditions can really be a good decision in the long run. +I've been wanted to write up another detailed post for some time but I've just been swamped with kids and work. For some background, I'm 36 and married (we've been together 17 years) and I have two kids (1 and 3). My wife and I are both lawyers but we don't work together. She is in-house at a large corporation. A lot of lawyers I know hate their jobs or feel like they made a mistake choosing law, and I had a lot of those same feelings when I got out of law school. So I figured I would post my story and also offer advice to others in the same situation. I've seen a lot of big firm lawyers post on this sub and have no doubt that many have wanted to go solo but just don't know how. I also am seeking my own advice on when to pull the retirement trigger and how to figure out when enough is enough. + +I'm just writing this stream of conscious, so please excuse the poor writing and any organizational issues. + +I made a previous detailed post nearly 3 years ago and a lot has changed since then: [https://www.reddit.com/r/fatFIRE/comments/88p5xg/make\_over\_1\_mil\_per\_year\_and\_want\_to\_retire\_in\_5/](https://www.reddit.com/r/fatFIRE/comments/88p5xg/make_over_1_mil_per_year_and_want_to_retire_in_5/) + +**My Background/Pre-Solo Practice** + +I graduated college in 2006 and like many people, had no idea what I wanted to do. My wife and I had tried to start a porn company with some friends after college (producing, not acting) and we really enjoyed researching all the laws surrounding the process. So we said fuck it and we ended up taking the LSAT and going to law school instead. We both went to the same law school and did very well academically. I was on law review and graduated top 1%, and she was the EIC of a secondary journal and also had great grades. + +I summered 2L year for a big firm and really hated it. I started to get depressed thinking that my life would be 30 years of grinding 80 hour weeks in a sterile office building. There wasn't enough money in the world that could convince me to do that. As a result, I was extremely lazy over the summer. I left early every day, skipped out on summer associate events, and checked out mentally for most of the time. At top law schools, it is shoved into your brain that the only jobs worth taking are big firm jobs. So I decided that law wasn't for me. + +When I graduated, my wife got an in-house job close to where we wanted to live (she actually applied for a non-law job at the company and they offered her an in-house job), and I got a non-law job at the same company as a business analyst. The company had thousands of employees, but this particular office had about 200-250 people. We also took and passed the bar exam. At that point, I had committed to just trying to work my way up in a boring corporate job. It wasn't that exciting, but at least the hours were good and I could hang out with my wife during the day. + +After about a month, one of my co-workers came to me for some legal advice. He had been in a car accident and asked me what to do. I had been in a car accident in high school and remembered they could settle for good money. So I offered to help him. I formed my firm, got malpractice insurance, and began moonlighting afterhours taking cases. After a few months, I had a dozen or so cases that ranged from personal injury to bankruptcy. After about a year, I had a caseload of about 40 cases. + +I ended up making more money moonlighting than I did with my non-law job. I also really started to enjoy the law and realized that big law wasn't the only way to be a lawyer. I am a people person and really liked talking to regular people all the time. I also felt good helping every day people with their legal issues and doing some good for the community. After about 18 months at the company, I quit and joined a law firm. The owner of that firm was a super cool and entrepreneurial guy. He gave me a base salary plus a percentage of work that I worked on and originated. At that firm I handled every type of consumer law. + +**Going Solo** + +Eventually, I figured that I knew enough and was confident enough to start my own practice. We had just bought a new house and my wife's salary was not enough to cover all of our bills. The decision to quit my job and start my own firm was scary as fuck. I had a ton of anxiety and went back and forth on the decision for two months. I gave my notice that December, and on January 1, 2014, I started my own law firm. + +The first month went horribly. I got the worst flu I had ever had in my life and couldn't work at all for the first two weeks. I had this dreadful and terrible feeling that I made the wrong choice, and I felt for months like I was an unemployed loser. We are constantly told growing up that we need to work for other people and the measure of success is how good and prestigious of a job you have. Running a small shitlaw firm was not what they tell you to do in law school. + +**Marketing/Growing the Firm** + +I'll make another more about my marketing and firm grown, but I'll discuss some of it briefly here. I grew my firm without any paid marketing, and for the most part, I don't do much paid marketing now. When I first went solo I spent most of my time (and I still do) handing out business cards. I handed out thousands the first 6 months. I would talk to anyone who would listen to me. I also posted ads on craigslist every morning, gave talks to frats/sororities about their rights, and gave talks at local community centers. I took on literally anything that would come through the door. + +Over time, I slowly narrowed my practice areas. First, I cut my practice from everything to criminal, employment, personal injury, and business litigation. Then I reduced further to criminal law and personal injury. Eventually I streamlined it to just personal injury. Having a mix of continency, hourly, and flat fee work was great at the start for consistent cash flow. But once my contingency pipeline got full, it was clear that personal injury was the best money. + +As of today, I have a caseload of over 600+ cases and 10-15 staff (including a few other lawyers). I have a one-third ownership interest in another injury firm that has 200-300 cases. For that firm I do no work, I just send them my overflow cases and get a percentage of firm revenue. I also have a third firm that doesn't consumer class actions that I own 50% of. That firm started this year and we got a mid-seven figure class action settlement last month. + +I still spend very little m oney on marketing, and the vast majority of my cases come from word of mouth (mostly former clients) and handing out business cards. Don't underestimate face to face marketing. I probably hand out 2,000+ business cards a year still. + +**My Firm NET Income By Year** + +This doesn't count income from my other endeavors (real estate or my other firms). + +**2014 -** 300K + +**2015** \- 600K + +**2016** \- 800K + +**2017** \- 1.2 Million + +**2018** \- 3 Million + +**2019** \- 5.6 Million + +**2020** \- 5.5 Million YTD. Should end the year at 6-7 Million. + +**Current Assets/Net Worth** + +Primary Residence (Paid Off) - $1.5 Million + +Rental Property (Rent to Mother-in-Law for zero cash flow) - $400,000 in equity + +Multi-Family Property (12 unit owned with some partners) - $730,000 in equity (my share) + +Retirement Accounts/Taxable Accounts/Cash - $7.5 Million (about 200K of this is in an irrevocable trust for my kids and we are planning on probably moving another chuck to our kids because we are concerned about the gift tax exemption going down in the next few years) + +529 Accounts - $172,000 for each kid (frontloaded 5 years of gifts to them each) + +**Current Plan** + +My business has changed significantly since my last post several years ago. For one, I went from two employees and working from home to over 10 employees and an office in a very short period of time. My overhead now is close to 1 million a year (although my gross receipts are exponentially higher). + +Last year I brought on one of my former business partners in my other law firm to run my litigation department. He basically gave up an ownership interest in the other firm to join mine (he is a lawyer). He isn't an equity partner but his compensation is based on firm performance. As a result he gets paid very well. The benefit is that he runs all of my firm's litigation now and tries most of our cases. I probably would have made more money this year without him but my stress is way down now. I also hired my brother to run my pre-lit department. He isn't a lawyer but ran operations for a large company for ten years. Between my brother and the other lawyer, the goal is for them to run most of the day-to-day. That way I can focus on the things I enjoy (mediations/trials/negotiating) and growing the business. + +At my current rate by 40 I should have 20 million+ NW (assuming similar performance the next few years). At that point I am torn between stopping completely, keeping my firm growing, or something in between like working part-time and having highly paid employees who can run the entire thing. The problem for me is that I am very involved in the business and the clients hire us mostly because of me and my relationship with them or their referral source (usually a former client). I also find it hard to think about anything other than work, and taking a vacation means working several hours a day even when I'm out of the country with my family. + +**Investment Strategy** + +We live primarily off my wife's income (around 160K) and invest most of what I make. I own a 12 unit apartment building, a rental property, and my primary residence. The rest of the money is put into index funds and I have a decent amount in cash to look for other real estate deals. When I posted 3 years ago I wasn't investing much into taxable accounts, but that has changed a lot. I actually dumped a ton of cash into the market in March and it has worked out fairly well for me. My short and long term goals are to just buy index funds as I take distributions and save some to buy a multifamily property every year or two. I also have an estate planning attorney that has been helping me gift over portions of my estate to my kids irrevocable trust. The only other thing I am thinking about doing is setting up a deferred comp plan and putting a portion of my settlement fees into it every year. From what I've read it is fairly easy to do as a contingency lawyer. The only downside is an annual 1% management fee but I figure the tax deferred growth will offset that. + +**Goals** + +My goals have changed a bit since my last post several years ago. I went from making 1 million in 2017 to making over 5 million last year (and a repeat or better this year). I originally thought about pulling the trigger and stopping at 38 but it makes sense to put in a few more years at this income to set up not only myself for life, but my kids. I want them to work but I want to make sure they are covered for college, have enough money to buy a home, get married, have kids, and take risks in business. Because of the lifestyle my wife and I live, our kids won't know the extent of our wealth, and we don't plan on sharing how much they will have until they are well into adulthood. I currently have enough in their 529 accounts to cover college (172K each that will grow over the next 18 years), and they do have an irrevocable trust set up. I plan on funding that over the next few years with the goal of them each having 1-2 million by 25 (and they will get control incrementally between 25-30). + +Even though I have a very high level of motivation and ambition to grow my business and make money, I have very little in terms of monetary needs. My wife is also the same. Despite making millions a year now, we spend about 10-12K/month (to be fair our house is paid off though). We have had practically zero lifestyle creep over the last 5 years. The majority of our increase in spending was as a result of kids. And out of that, 3.5K alone is for our kids preschool/day care. Once they are in elementary school that cost will go away. We have access to great public schools so there is no reason to pay for private school. + + I mostly care about spending time with my wife and kids. My hobbies are cheap, and I would be happy most of the time reading, playing video games, working out, traveling, and hanging out at home with the family. The only real splurge we have is travel and eating out. We do a fancy dinner once or twice a month, and do several trips a year (we fly coach and usually don't spend more than 3-5K per person on a 2 week trip). + +The biggest issue for me is that it is hard for me to disconnect from work. I am very disciplined about spending time with my family (I am always home no later than 530pm, I have dinner with my kids, bathe them, play with them, and put them to bed. I spend 100% of my time every weekend with my family), but I think about work non-stop and have a very hard time turning off mentally. When I go on vacations I always am putting in 3-4 hours a day (usually before the family wakes up) and can't remember the last time I went a full day without doing something work related. I sometimes feel like I should keep going indefinitely because the money is so good, but I already have more than I'll ever need and in a few years I'll have more money than I would know what to do with. + +I would love to hear from other professionals on this forum regarding if they just reduced hours or sold out completely. It is actually very hard to sell a law practice and the majority of the firm's value (besides its current caseload) would be my personal relationship with my clients. I just don't know if it is worth working for another 20 years just because it's a lot of money. I am already at the point where each dollar does little to impact my life. + +**Advice** + +I understand that I am in a very fortunate position and I have mentored dozens of lawyers over the years. I am happy and would be honored to answer any PMs and posts about advice for running a law practice. I'm also happy to chat on the phone or via email too (or if you are local, grab a beer). Just PM me. Even with all the stress, I can't imagine doing anything else as a lawyer and I think people unhappy at law should really consider this path. + +**Finally, I can verify any of this information with mods. So Mods, just PM me and I can send whatever you need for verification.** +Not enough to retire on, but more than enough to pay of all our debts, and treat myself and the family to something nice. + +With far fewer monthly expenditures once the debts are paid off, 2021 should be a lot smoother. + +Of course, now that I've said it out loud, I'm sure the sky will come crashing down to dash my hopes, or at least I'll get fired before January 1st. Here's to hope. +French Connection Finance has booked a PLATINUM booth in the most prestigious crypto expo in the world! + +FCF representatives will be attending CRYPTO EXPO DUBAI 2022 on March 16-17. They even have a 20-minute on-stage presentation that will broadcast FCF and FCFPAY to the world! + +Official partnership with the marketing company Chambers group rolling out in the upcoming few days. Over 100k being used for brand awareness and exposure! + +REBRANDING is completed! In order to avoid any confusion whatsoever regarding the fact that FCF is 100% a utility project, a new corporate image has been revealed. The utility launch marketing plan will also begin in earnest in the days and weeks to come. + +Over 500 Merchants have already signed up to accept crypto payments for their goods and services through FCFPAY! + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCF is a revolutionary token developing a crypto payment gateway called FCFpay. It integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You will soon be able to shop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +FCF Pay will, for example, allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Live Beta testing is underway right now! You can even go and try the early beta for yourself on the FCF merch store. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for 3 years upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF has launched an NFT collection, The FrenchFellas! The collection is based on our spiritual leader, Gotto the French Bulldog. + +The Dev is always active and always OVERDELIVERS. + + +Dev is Doxxed, KYCd and a Certik audited! + + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +The FrenchFellas NFT! You can win up to 140 000$ by minting: [www.frenchfellas.com](https://www.frenchfellas.com) + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +Payment gateway website : [www.fcf-pay.com](https://www.fcf-pay.com) + +NFT Website: [www.Frenchfellas.com](https://www.Frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +First things first — I’m more than happy to verify NW with mods. Feel fortunate to stumble upon such an incredible community but also aware that LARPing has become commonplace, especially on financial forums. So please just let me know. + +TLDR — 24/M in US HCOL city, very grateful to have recently sold my tech startup that I started less than a year ago to a very well known unicorn for a modest number. Currently have 4M in cash post taxes sitting in my bank account and no idea where to invest it. + +Personal background — financially from a low-income family (<30k/year) but blessed to have had a great upbringing and close with family; emotionally, I’d consider myself extremely wealthy. Graduated from top school in the nation on full scholarship. Zero debt. Relatively frugal. Minimal expenses. Don’t care much about materialistic items. Interests mainly lie in taking care of my family (current and future), building things society wants, and giving back to younger generations with a heavy emphasis on leveraging technology and education in the future. + +Sub relevance — I don’t know anyone personally who created their own wealth, especially near my age, so would really appreciate input from folks with more experience. Spoke to a few financial advisors but frankly none were appealing. Also aware of current markets and difficulty timing bottoms but feels like there’s still additional turbulence ahead (can be wrong of course). + +Have been looking into things like bogleheads, CDs, etc. but again, would be grateful to hear from folks with a similar or higher NW on how they would invest 4M in cash right now while also making 6figs/year? No plans to purchase a home in the foreseeable future either. The goal is to grow the capital as much as possible, slightly aggressively, but within reason. Will likely launch my next startup end of the year as well. + +For those who’d prefer, can DM if easier. Thanks for any responses in advance! + +Update: now verified (thanks mods) and so grateful for all of the awesome advice! Doing a deeper dive into bogleheads this weekend but still struggling between dumping all at once or spreading over a few months. Can see the case for both. Would also really appreciate recommendations on different funds to look at. +**Website:** [https://glorydogecoin.com](https://glorydogecoin.com/) + +**Presale whitelist contest:** [https://sweepwidget.com/view/36473-vx3r5t9l](https://sweepwidget.com/view/36473-vx3r5t9l) + +**Techrate audit:** [https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/GloryDoge%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/GloryDoge%20Full%20Smart%20Contract%20Security%20Audit.pdf) + +**Dessert Finance audit and team KYC:** [https://dessertswap.finance/audits/Glory%20Doge%20Coin%20BSC%20Audit%2011739615.pdf](https://dessertswap.finance/audits/Glory%20Doge%20Coin%20BSC%20Audit%2011739615.pdf) + +**Team doxxed by Dessert Finance and PinkSale.** + +&#x200B; + +🤔 **What is the GloryDoge project?** + +Building a secure DeFi ecosystem to help bring innovative ideas to life and protect early investors' funds. + +GloryPad, the first product, is the next-gen IDO Launchpad where developers, influencers, and investors gather to bring innovative ideas to life. Includes several new features like automated KYC and live activity feeds... (Under development) + +GLORYD, the token, is the backbone of the project, and the golden bridge connecting the DAPPs to the inverstors. Backed by a solid economic model. + +GloryDoge investors will earn 4% reflections from every buy and sell, plus 50% of the revenue from the DAPPs will be distributed to the ones who choose to stake their tokens. + +Investors will also have access to premium features on the DAPPs by holding a certain amount of GLORYD. + +&#x200B; + +🤔 **Who are the team members?** + +A team of highly motivated minds, with years of solid knowledge and experience in Software Engineering, UI/UX Design, and Marketing. + +\- Joey (@GloryDogeDev) - The CEO and Lead Developer at GloryDoge. Responsible for building, testing, and maintaining code for the contracts and the upcoming platforms. Has been working professionally and successfully as a software engineer since 2014. + +\- William (@GloryDogeMarketer) - The marketing guy. Done impressive and extensive research and claims to have the best marketing recipe to push us beyond earth's orbit. We can't wait to see that happen! + +\- Light (@GloryDogeDesigner) - The lead designer. He's responsible for making everything we build look like candy to your eyes. His set of skills are one of the best in the market. + +&#x200B; + +🤔 **Any doxxing plans?** + +Yes! The founder and co-founder are doxxed by DessertFinance. They handed over government IDs and passports for verification. They are located in Sweden. + +&#x200B; + +**🤔 What are the tokenomics of the GloryDoge token?** + +• 10% total tax on every transaction. + +• 4% tax is distributed proportionally to all holders. + +• 2% tax for marketing, contests, and celebratory distribution events. Used in full transparency to investors. + +• 4% devs and team expenses. No one should work for free. + +• Normal transfers from a wallet to another wallet are 100% tax-free. + +• 50% of the revenues from the DAPPs will be distributed proportionally to all holders in BNB through staking. + +• 10% of the revenues from the DAPPs will be added as locked liquidity to PancakeSwap. + +• DEX and CEX wallets are excluded from tax/revenue distribution. + +• 1 initial dev or team wallets. + +&#x200B; + +**🤔 What's next in the pipeline for now?** + +• Conduct a successful private sale + +• Extensive marketing on multiple channels + +• Conduct a successful pre-sale + +• Official launch & Listing on PancakeSwap + +• Private sale contest prize distribution to winners + +• Listing on CoinMarketCap and CoinGecko + +• GloryPad security audit + +• Finalize and release GloryPad to the market + +• Extensive marketing and user base building + +• Hire more team members + +• Automate DAPPs revenu distribution to holders + +• Kick off the development of new features and DAPPs + +&#x200B; + +**Useful links:** + +* **Contract:** [https://bscscan.com/token/0xcc5667333f5e997ac9f0c26d41b7dda65b2b675a](https://bscscan.com/token/0xcc5667333f5e997ac9f0c26d41b7dda65b2b675a) +* **Techrate audit:** [https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/GloryDoge%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/October/GloryDoge%20Full%20Smart%20Contract%20Security%20Audit.pdf) +* **Dessert Finance audit and team KYC:** [https://dessertswap.finance/audits/Glory%20Doge%20Coin%20BSC%20Audit%2011739615.pdf](https://dessertswap.finance/audits/Glory%20Doge%20Coin%20BSC%20Audit%2011739615.pdf) +* **Presale whitelist contest:** [https://sweepwidget.com/view/36473-vx3r5t9l](https://sweepwidget.com/view/36473-vx3r5t9l) +* **Presale page:** [https://www.pinksale.finance/#/launchpad/0x1c5dd98f9518F755eEeB6af0F162638b756D5771?chain=BSC](https://www.pinksale.finance/#/launchpad/0x1c5dd98f9518F755eEeB6af0F162638b756D5771?chain=BSC) +* **Website**: [https://glorydogecoin.com/](https://glorydogecoin.com/) +* **White Pape**r: [https://docs.glorydogecoin.com/](https://docs.glorydogecoin.com/) +* **Telegram**: [https://t.me/GloryDogeCoin](https://t.me/GloryDogeCoin) +* **Twitter**: [https://twitter.com/GloryDogeCoin](https://twitter.com/GloryDogeCoin) +* **Email**: [hello@glorydogecoin.com](mailto:hello@glorydogecoin.com) +This sub talks about $HOOD almost as much as it talks about $GME. It's cluttering the sub just like how movie stock did awhile back. Anyone else besides me sick of seeing news and posts about that distraction? + +If the mods can ban any mention of movie stock and other distractions, then they should go ahead and throw HOOD on the list too +This year I have mimicked superinvestors based on the trades they have made publicly available. Compared to historical data this isn't a strong year per see, but the 8% im at right now beats the market. Is there a similar ETF that just copies the popular investors out there? + +&#x200B; + +Some background: + +I have backtested going back to 1992 and have generated on average 35% YOY simply buying/holding/selling. + +Best year of (135% -- 1998) + +Worst year of (-39% -- 2008) +Looking at a semi conductor market share chart it seems like Intel have been the leader since 2008 atleast. It has a p/e of 9.55 to Nvidas 100.88 and makes almost 3 times Nvidias income. I dont understand why Nvidias market cap is almost 4 times that of Intels. What am i missing here? +Hey r/algotrading, I've been working on a stock trading algorithm these past couple months. My interest in trading began this January and since I'm lazy as shit and I know how to code, I decided to code myself something that would trade for me. + +For this project, I used Python and the TD Ameritrade API. I will begin by saying that the TD Ameritrade API is absolute garbage and you should use something else if you want to try something like this. + +The code for TradeAlgo can be found here: [https://github.com/4pz/TradeAlgo](https://github.com/4pz/TradeAlgo) + +TradeAlgo uses web scraping to pull a list of stocks which are predicted to rise already. After the list is scraped, each symbol is then checked to validate if they match the parameters set in the code. (These parameters are created by me after extensive research on how to predict a rising stock) + +After this, the total balance of your TD Ameritrade account is pulled using the TD Ameritrade API and your total balance is split among the stocks which matched the set parameters. You can change how much money from your account is allocated to be used with the algorithm by changing the balance variable to the desired amount. + +Finally, the buy function is called to execute all orders with a trailing stop loss to ensure minimal losses. + +I've also included a way to only see a list of recommended stocks without actually buying them so if you want to make your own educated decisions after seeing what TradeAlgo advises, you can do that. + +**Make sure to check out the repositories ReadMe for detailed setup and usage instructions!** + +*If you have a GitHub account and can star the repository, I'd appreciate it.* + +[Repository Link](https://github.com/4pz/TradeAlgo) + +&#x200B; + +[How TradeAlgo Should Look if All is Done Properly](https://preview.redd.it/613kor6dd7u61.png?width=1674&format=png&auto=webp&s=80548d4ce004378110f0dbcda17bf2c3e93166e8) +I really don't know what is the best place to post this, so I'm trying my luck here. + +It occurred to me today that I would never try to build my own car, as the materials + time + expertise needed would result in a much more expensive product than the one I can already buy. Economies of scale allow for this to happen. + +My question is if cooking your food might ever get to that point? Will sourcing the products + having the skill to cook them + the time spent (even when we're talking about meal prepping) ever become redundant when you can just purchase a ready meal (and a healthy one, at that) from a whole industry dedicated to producing that item? + +Even if it never becomes financially correct to simply order food/buying ready meals, I wonder if we will ever get to a point where the options are so close that cooking just becomes an optional, pleasurable activity, and not the definitive way to save money and time. +Would a group of new grads who just graduated from college with Bachelor's degrees in Economics do a fairly good job at running the Federal Reserve, or would they most likely lead the country to economic ruin given the amount of knowledge that their degree has taught them? + +Let's say this is their first job and they are tasked with running the Federal Reserve and creating U.S. federal economic policy. + +I'm curious as to what necessary on-the-job training in economics you all felt like you acquired that you did not learn in school that would be necessary in government positions like this. +This is for my new step son. He’s not expected to pay for anything but I want him to start learning about money, saving up for things you want, waiting/patience when you can’t afford something, etc...My dad did this when I was young and i think it teaches a lot of great lessons. He likes legos, toys, and Nintendo. He does a few chores around the house and I’d like to reward him for that as well as teach him some life lessons. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I recently learned that coops tend to be more efficient than their privately owned peers by up to 14%. I started doing some research because it seemed strange that a business model which can outperform private business would be so rare relative to them. Having done a little digging through reddit, I was able to find some of the following points mentioned: + +* Coops tend to lack capital, requiring a moderately large group of people to all put in a fairly large buy-amount, additionally it's difficult to get outside investment due to the nature of the business model + +* Coops tend to be focused on industries where members can easily come to a collaborative decision, which prefers businesses where everyone is more or less performing a similar role. The explanation seems to be that the more varied the roles, the more likely there is to be disagreements between workers on how to make integrated decisions between departments. There are some major exceptions to this like Mondragon, which has several different manufacturing departments + +* Legal liability. It's difficult to legislate legal responsibilities to coops which makes them more difficult to get off the ground + +* Survivorship bias. There are very few coops and the costs of starting one up are difficult, so only coops with models and structures in place that are highly optimal get off the ground in the first place. In a similar way, female computer science students tend to be (this is hearsay from me though) on average much more skilled than their male counterparts because sexist institutions prefer women of exceptional caliber are both enrolled and survive the program. + +But, all of these explanations are coming from posts which are several years old and most contain only bits and pieces and very little cited data. To what extent are these explanations accepted and what explanations are missing from this analysis? + + +**EDIT** +The 14% figure is the top-end efficiency advantage claimed by [this paper](https://www.brookings.edu/wp-content/uploads/1995/01/1995_bpeamicro_craig.pdf) Note that it's for the timber industry specifically. + +And I had seen [this paper](https://www.uk.coop/sites/default/files/uploads/attachments/worker_co-op_report.pdf) talk about studies that have looked into the efficiency of coops in general. (Page 16 seems the most interesting to me browsing it quickly) +Mankiw states that an increase in the money supply leads to inflation. Additionally, using supply and demand, he claims that markets have a tendency to reach equilibrium and that price controls lead to shortages and surpluses. + +How much support does real-world evidence provide for these claims? +In a recent press release on Twitter, PPFAS stated + +>In order to avoid breach of industry-wide overseas limits as allowed by RBI, Pursuant to SEBI's advice and AMFI clarification dated January 30, 2022, Schemes intending to invest in overseas securities need to stop accepting inflows w.e.f February 02, 2022. Accordingly, we will be stopping all forms of subscriptions in: **Parag Parikh Flexicap Fund** +> +>Ongoing SIP/ STPs will not be affected as of now. Click above for the Notice cum Addendum. All purchase requests received after cut off 3:00 PM on February 01, 2022 will not be accepted and processed. +> +>Warm Regards, +> +>Team PPFAS Mutual Fund + +[Source](https://twitter.com/PPFAS/status/1487740368334766080) +I went out to dinner on Saturday night. After splitting the check with my girlfriend, the bill came to $19. Used one of my credit cards, left a tip, kept my receipt and walked out. That charge had been pending until today where it posted as a $228 charge. It would have been easy enough to slip buy if I didn't check my accounts often, but I knew something was wrong right away. + +Called the restaurant, explained the situation, gave them the order number and table number, sent them a photo of my receipt and it's being corrected. So this is a friendly reminder to monitor your accounts and keep your receipts often! +Came across this listing on Zillow and started thinking about what I would do to turn this property into a cash cow (just as a fun mental exercise, it’s too late to buy the property now) + +What would you guys do? + +Self check-in motel? Divide it into apartments? Airbnb? Rent by the room? + +Here’s the link to the listing: https://www.zillow.com/homedetails/615-Columbia-St-Elmira-NY-14901/29955925_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare + +Needs a lot of love and isn’t an amazing location so maybe it’s just not worth it and I’m just trying to find a way to make it work just because I like the property from an architectural standpoint. + +I’d love to hear your thoughts! +I remember seeing Fevikwik for the first time as a child(Kolkata around 2005-06) with the same per gram price as today(2 sizes- 0.5/1g @ Rs 5/10). Even 15 years hence, we're yet to see it's price change. How is Pidilite able to mark the same price(without reducing weight) after inflation? + +One possibility: Has the demand for it grown exponentially every year to justify the fixed price? +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# Updated Complete Table of Contents: + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 1.5: Triffin’s Dilemma and the New Rome**](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 2.0: Reflexivity and the Shadows of Black Monday**](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [**Part 2.5: Derivatives and the Alchemy of Risk**](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [**Part 3.0: Debt Cycles and Great Depression**](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 3.5: The Money Illusion**](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.0: The Weimar Republic**](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.1: Nightmare of Hyperinflation**](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.2: Financial Gravity & The Fed’s Dilemma**](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) +* [**Part 4.3: Economic Warfare & The End of Bretton Woods**](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) +* Part 5.0: A Story of Fire & Ice: The Finale + +# “Enter the Dragon” + +&#x200B; + +[The Inflation Dragon](https://preview.redd.it/ll2dwa6i343a1.jpg?width=1124&format=pjpg&auto=webp&s=bf6a22b1f186a12b9db1e906e2532af6535b0e21) + +&#x200B; + +# PART 5.0 “The Monster & the Simulacrum” + +“In the 1985 work “Simulacra and Simulation” French philosopher Jean Baudrillard recalls the Borges fable about the cartographers of a great Empire who drew a map of its territories so detailed it was as vast as the Empire itself. + +**According to Baudrillard as the actual Empire collapses the inhabitants begin to live their lives within the abstraction believing the map to be real (his work inspired the classic film "The Matrix" and the book is prominently displayed in one scene).** + +**The map is accepted as truth and people ignorantly live within a mechanism of their own design and the reality of the Empire is forgotten. This fable is a fitting allegory for our modern financial markets.** + +**Our fiscal well being is now prisoner to financial and monetary engineering of our own design.** Central banking strategy does not hide this fact with the goal of creating the optional illusion of economic prosperity through artificially higher asset prices to stimulate the real economy. + +**While it may be natural to conclude that the real economy is slave to the shadow banking system this is not a correct interpretation of the Baudrillard philosophy-** + +**The higher concept is that our economy IS the shadow banking system… the Empire is gone and we are living ignorantly within the abstraction. The Fed must support the shadow banking oligarchy because without it, the abstraction would fail.” (**[**Artemis Capital**](https://artemiscm.docsend.com/view/74nw2t766wnvnuwj)**)** + +&#x200B; + +# The Inflation Serpent + +To most citizens living in the West, the concept of a collapsing fiat currency seems alien, unfathomable even. They regard it as an unfortunate event reserved only for those wretched souls unlucky enough to reside in third world countries or under brutal dictatorships. + +Monetary mismanagement was seen to be a symptom only of the most corrupt countries like Venezuela- those where the elites gained control of the Treasury and printing press and used this lever to steal unimaginable wealth while impoverishing their constituents. + +**However, the annals of history spin a different tale- in fact, an eventual collapse of fiat currency is the norm, not the exception.** + +In a study of 775 fiat currencies created over the last 500 years, researchers found that approximately [599](https://web.archive.org/web/20090116163658/http://dollardaze.org/blog/?page_id=00017) have failed, leaving only [176](https://web.archive.org/web/20090116163653/http://dollardaze.org/blog/?page_id=00016) remaining in circulation. Approximately 20% of the 775 fiat currencies examined [failed due to hyperinflation](https://www.cato.org/sites/cato.org/files/pubs/pdf/hanke-krus-hyperinflation-table-may-2013.pdf), 21% were destroyed in war, and 24% percent were reformed through centralized monetary policy. The remainder were either phased out, converted into another currency, or are still around today. + +**The average lifespan for a pure fiat currency is only 27 years- significantly shorter than a human life.** + +Double-digit inflation, once deemed an “impossible” event for the United States, is now within a stone’s throw. Powell, desperate to maintain credibility, has embarked on the most aggressive hiking schedule the Fed has ever undertaken. The cracks are starting to widen in the system. + +**One has to look no further than a simple graph of the M2 Money Supply, a measure that most economists agree best estimates the total money supply of the United States, to see a worrying trend:** + +&#x200B; + +[M2 Money Supply](https://preview.redd.it/td9z73q1443a1.png?width=684&format=png&auto=webp&s=e188dbf78a594cc9bd938b53ac376b35a72a3939) + +**The trend is exponential. Through recessions, wars, presidential elections, cultural shifts, and even the Internet age- M2 keeps increasing non-linearly, with a positive second derivative- money supply growth is accelerating.** + +This hyperbolic growth is indicative of a key underlying feature of the fiat money system: **virtually all money is credit.** Under a fractional reserve banking system, most money that circulates is loaned into existence, and doesn't exist as real cash- in fact, around 97% of all “money” counted within the banking system is debt, in one form or another. (See Dollar Endgame Part 3) + +Debt virtually always has a yield- that yield is called interest, and that interest demands payment. Thus, any fiat money banking system MUST grow money supply at a compounding interest rate, forever, in order to remain stable. + +Debt defaulting is thus quite literally the destruction of money- which is why the deflation is widespread, and also why M2 Money Supply shrank by 30% during the Great Depression. + +&#x200B; + +[Interest in Fractional Reserve Fiat Systems](https://preview.redd.it/y65qpf19443a1.png?width=683&format=png&auto=webp&s=6592ad28e59f1aa8ef7b71a57af6595d333d5a2f) + +**This process repeats ad infinitum, perpetually compounding loan creation and thus money supply, in order to prevent systemic defaults. The system is BUILT for constant inflation.** + +In the last 50 years, only about 12 quarters have seen reductions in commercial bank credit. That’s less than 5% of the time. The other 95% has seen increases, per data from the [St. Louis Fed.](https://fred.stlouisfed.org/series/TOTLL) + +&#x200B; + +[Commercial Bank Credit](https://preview.redd.it/05uz68ug443a1.png?width=686&format=png&auto=webp&s=48be4cdc1c48e4c2ebbb94a12ba2932b1d0eea45) + +**Even without accounting for debt crises, wars, and government defaults, money supply must therefore grow exponentially forever- solely in order to keep the wheels on the bus.** + +**The question is where that money supply goes- and herein lies the key to hyperinflation.** + +&#x200B; + +In the aftermath of 2008, the Fed and Treasury worked together to purchase billions of dollars of troubled assets, mortgage backed securities, and Treasury bonds- all in a bid to halt the vicious deleveraging cycle that had frozen credit markets and already sunk two large investment banks. + +These programs were the most widespread and ambitious ever- and resulted in trillions of dollars of new money flowing into the financial system. Libertarian candidates and gold bugs such as Peter Schiff, who had rightly forecasted the Great Financial Crisis, now began to call for hyperinflation. + +The trillions of printed money, he claimed, would create massive inflation that the government would not be able to tame. U.S. debt would be downgraded and sold, and with the Fed coming to the rescue with trillions more of QE, extreme money supply increases would ensue. An exponential growth curve in inflation was right around the corner. + +Gold prices rallied hard, moving from $855 at the start of 2008 to a record high of $1,970 by the end of 2011. The end of the world was upon us, many decried. Occupy Wall Street came out in force. + +**However, to his great surprise, nothing happened. Inflation remained incredibly tame, and gold retreated from its euphoric highs. Armageddon was averted, or so it seemed.** + +**The issue that was not understood well at the time was that there existed two economies- the financial and the real. The Fed had pumped trillions into the financial economy, and with a global macroeconomic downturn plus foreign central banks buying Treasuries via dollar recycling, all this new money wasn’t entering the real economy.** + +&#x200B; + +[Financial vs Real Economy](https://preview.redd.it/jvliuxfr443a1.png?width=707&format=png&auto=webp&s=90e31205646607d44bf90cd3ecd14381632705bf) + +Instead, it was trapped, circulating in the hands of money market funds, equities traders, bond investors and hedge funds. The S&P 500, which had hit a record low in March of 2009, began a steady rally that would prove to be the strongest and most pronounced bull market in history. + +The Fed in the end did achieve extreme inflation- but only in assets. + +**Without the Treasury incurring significant fiscal deficits this money did not flow out into the markets for goods and services but instead almost exclusively into equity and bond markets.** + +&#x200B; + +[QE Stimulus of financial assets](https://preview.redd.it/wbsljpn9543a1.png?width=1802&format=png&auto=webp&s=7f5818db7710632fe5a8e30667d1ffbad87e2e97) + +**The great inflationary catastrophe touted by the libertarians and the gold bugs alike never came to pass- their doomsday predictions appeared frenetic, neurotic.** + +Instead of re-evaluating their arguments under this new framework, the neo-Keynesians, who held the key positions of power with Treasury, the Federal Reserve, and most American Universities (including my own) dismissed their ideas as economic drivel. + +**The Fed had succeeded in averting disaster- or so they claimed. Bernanke, in all his infinite wisdom, had unleashed the “**[**Wealth Effect**](https://www.investopedia.com/terms/w/wealtheffect.asp)**”- a crucial** [**behavioral economic**](https://www.investopedia.com/terms/b/behavioraleconomics.asp) **theory suggesting that people spend more as the value of their assets rise.** + +An even more extreme school of thought emerged- the [Modern Monetary Theorists](https://www.businessinsider.com/personal-finance/modern-monetary-theory#:~:text=Modern%20Monetary%20Theory%20(MMT)%20is,Federal%20Reserve%20Bank%20of%20Richmond.)\- **who claimed that Central Banks had essentially discovered a ‘perpetual motion machine’- a tool for unlimited economic growth as a result of zero bound interest rates and infinite QE.** + +**The government could borrow money indefinitely, and traditional metrics like Debt/GDP no longer mattered. Since each respective government could print money in their own currency- they could never default.** + +**The bill would never be paid.** + +**Or so they thought.** + +&#x200B; + +# The American Reckoning + +This theory helped justify massive US government borrowing and spending- from Afghanistan, to the War on Drugs, to Entitlement Programs, the Treasury indulged in fiscal largesse never before seen in our nation’s history. + +&#x200B; + +[America's Finances](https://preview.redd.it/hjc93fdn543a1.jpg?width=2016&format=pjpg&auto=webp&s=4d9f829503902d5847eec4ae62606b3e4417364a) + +**The debt continued to accumulate and compound. With rates pegged at the zero bound, the Treasury could justify rolling the debt continually as the interest costs were minimal.** + +Politicians now pushed for more and more deficit spending- if it's free to bailout the banks, or start a war- why not build more bridges? What about social programs? New Army bases? Tax cuts for corporations? Subsidies for businesses? + +**There was no longer any “accepted” economic argument against this- and thus government spending grew and grew, and the deficits continued to expand year after year.** + +**The Treasury would roll the debt by issuing new bonds to pay off maturing ones- a strategy reminiscent of Ponzi schemes.** + +**This debt binge is accelerating- as spending increases, (and tax revenues are constant) the deficit grows, and this deficit is paid by more borrowing. This incurs more interest, and thus more spending to pay that interest, in a deadly feedback loop- what is called** [**a debt spiral**](https://www.economicshelp.org/blog/5118/economics/debt-spiral-explained/)**.** + +&#x200B; + +[Gross Govt Interest Payments](https://preview.redd.it/g1wt3b4t543a1.png?width=638&format=png&auto=webp&s=ae8191214c65efeecaf943474b40f272f0fcffb1) + +**The shadow threat here that is rarely discussed is Unfunded Liabilities- these are payments the Federal government has promised to make, but has not yet set aside the money for. This includes Social Security, Medicaid, Medicare, Veteran’s benefits, and other funding that is non-discretionary, or in other words, basically non-optional.** + +**Cato Institute** [**estimates that these obligations sum up to $163 Trillion**](https://www.cato.org/blog/federal-debt-unfunded-entitlement-promises)**. Other estimates from the** [**Mercatus Center put the figure at between $87T as the lower bound and $222T**](https://www.mercatus.org/system/files/debt-in-perspective-analysis.pdf) **on the high end.** + +**YES. That is TRILLION with a T.** + +**A Dragon lurks in these shadows.** + +&#x200B; + +[Unfunded Liabilities](https://preview.redd.it/r1sjk7s4643a1.png?width=786&format=png&auto=webp&s=81ee91ef0ce5e32b7fc759538760233f22a67d37) + +What makes it worse is that these figures are from 2012- the problem is significantly worse now. The fact of the matter is, no one knows the exact figure- just that it is so large it defies comprehension. + +[These payments are what is called non-discretionary, or mandatory spending](https://www.gao.gov/federal-budgeting)\- each Federal agency is obligated to spend the money. They don’t have a choice. + +**Approximately 70% of all Federal Spending is mandatory.** + +And the amount of mandatory spending is increasing each year as the Boomers, the second largest generation in US history, retire. Approximately 10,000 of them retire each day- increasing the deficits by hundreds of billions a year. + +Furthermore, the only way to cut these programs (via a bill introduced in the House and passed in the Senate) is basically political suicide. AARP and other senior groups are some of the most powerful and wealthy lobbying groups in the US. + +If politicians don’t have the stomach to legalize marijuana- [an issue that Pew research finds an overwhelming majority of Americans supporting](https://www.pewresearch.org/fact-tank/2021/04/16/americans-overwhelmingly-say-marijuana-should-be-legal-for-recreational-or-medical-use/)\- then why would they nuke their own careers via cutting funding to seniors right as inflation spikes? + +**Thus, although these obligations are not** ***technically debt,*** **they act as debt instruments in all other respects. The bill must be paid.** + +**In the** [**Fiscal Report for 2022 released by the White House**](https://www.whitehouse.gov/wp-content/uploads/2021/05/budget_fy22.pdf)**, they estimated that in 2021 and 2022 the Federal deficits would be $3.669T and $1.837T respectively. This amounts to 16.7% and 7.8% of GDP (pg 42).** + +&#x200B; + +[US Federal Budget](https://preview.redd.it/9p607eg9643a1.png?width=1131&format=png&auto=webp&s=f309b9a3c2460ba92752219192d826ff5f4c4b01) + +**Astonishingly, they project substantially decreasing deficits for the next decade. Meanwhile the U.S. is slowly grinding towards a severe recession (and then likely depression) as the Fed begins their tightening experiment into 132% Federal Debt to GDP.** + +Deficits have basically never gone down in a recession, only up- unemployment insurance, food stamp programs, government initiatives; all drive the Treasury to pump out more money into the economy in order to stimulate demand and dampen any deflation. + +To add insult to injury, tax receipts collapse during recession- so the income side of the equation is negatively impacted as well. The budget will blow out. + +The [U.S. 1 yr Treasury Bond is already trading at 4.7](https://www.marketwatch.com/investing/bond/tmubmusd01y?countrycode=bx)%- if we have to refinance our current debt loads at that rate (which we WILL since they have to roll the debt over), the Treasury will be paying $1.46 Trillion in INTEREST ALONE YEARLY on the debt. + +**That is equivalent to 40% of all Federal Tax receipts in 2021!** + +&#x200B; + +In my post [Dollar Endgame 4.2](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/), I have tried to make the case that the United States is headed towards an “event horizon”- **a point of no return, where the financial gravity of the supermassive debt is so crushing that nothing they do, short of Infinite QE, will allow us to escape.** + +**The terrifying truth is that we are not headed towards this event horizon.** + +**We’re already past it.** + +&#x200B; + +[True Interest Expense ABOVE Tax Receipts](https://preview.redd.it/jmre6jnh643a1.png?width=972&format=png&auto=webp&s=9d0e5b14e2fdd98860856737deb6ab73c93a0064) + +**As brilliant macro analyst Luke Gromen pointed out in** [**several interviews late last year**](https://www.youtube.com/watch?v=csf4fdV-EOQ&t=1568s&ab_channel=Wealthion)**, if you combine Gross Interest Expense and Entitlements, on a base case, we are already at 110% of tax receipts.** + +**True Interest Expense is now more than total Federal Income. The Federal Government is already bankrupt- the market just doesn't know it yet.** + +&#x200B; + +[Luke Gromen Interview Transcript \(Oct 2021, Macrovoices\)](https://preview.redd.it/t9zxsh5l643a1.png?width=721&format=png&auto=webp&s=16afd85cc69a108ca5e62cd41d9cff6056f42545) + +&#x200B; + +**The black hole of debt, financed by the Federal Reserve, has now trapped the largest spending institution in the world- the United States Treasury.** + +**The unholy capture of the Money Printer and the Spender is catastrophic - the final key ingredient for monetary collapse.** + +**This is How Money Dies.** + +&#x200B; + +[The Underwater State](https://preview.redd.it/51kru8jdc43a1.jpg?width=2862&format=pjpg&auto=webp&s=5e72c04ca323afbe642c1af1a5e68ef379961ca8) + +\------- + +# (I had to split this post into two part due to reddit's limits, [see the second half of the post HERE)](https://www.reddit.com/r/Superstonk/comments/z8wx9i/hyperinflation_is_coming_the_dollar_endgame_part/) + +&#x200B; + +&#x200B; + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person. From reading my Post I cannot assess anything about your personal circumstances, your finances, or your goals and objectives, all of which are unique to you, so any opinions or information contained on this Post are just that – an opinion or information. Please consult a financial professional if you seek advice.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +\~\~\~\~\~ + +I cleared this message with the mods; + +IF YOU WOULD LIKE to support me, you can do so my checking out the e-book version of the Dollar Endgame on my twitter profile: [https://twitter.com/peruvian\_bull/status/1597279560839868417](https://twitter.com/peruvian_bull/status/1597279560839868417) + +The paperback version is a work in progress. It's coming. + +&#x200B; + +THERE IS NO PRESSURE TO DO SO. THIS IS NOT A MONEY GRAB- the entire series is FREE! The reddit posts start HERE: [https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation\_is\_coming\_the\_dollar\_endgame\_part/](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +and there is a Google Doc version of the ENTIRE SERIES here: [https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing) + +Thank you ALL, and POWER TO THE PLAYERS. GME FOREVER + +\~\~\~\~\~ + +# You can follow my Twitter at [Peruvian Bull](https://twitter.com/peruvian_bull). This is my only account, and I will not ask for financial or personal information. All others are scammers/impersonators. +After getting hooked, many addicted come here for support and counseling. Some are prescribed wheel therapy and some CSP. Those who successfully recover after fighting TSLA 1000 1/30 impulses, celebrate their recovery by posting green-colored RH screenshots. +Hello everyone, first let me say THANK YOU. It is thanks to you that I finally, for the first time in my life, have control of my finances and can breath easier. I wanted to share my story in the hopes that someone else who was in a similar situation as me, might benefit from my experience. I will briefly describe how I raised my Transunion and Equifax scores from the 540s to the 720s in 4 months. Something that I did not think was possible. And it was all thanks to... + +https://www.reddit.com/r/personalfinance/comments/5lgh97/i_raised_my_credit_score_by_73_points_in_3_months/ + + +That subreddit. Seriously. I followed the advice in there to the letter, and it worked like magic. Here'es a bullet pointed version of exactly what I did: + +• Downloaded credit karma – saw that my score was 546 on Jan 15th (was crushed, but felt like I Was finally going to start taking control) + +• Got my full credit report and list of all accounts that had gone delinquent and/or into collections. + +• Called EVERY. SINGLE. ONE. First I disputed every account, and over HALF (50%) of them could not prove that the accounts were real and/or could not prove that they followed the law pertaining to the Fair Credit act, and removed the accounts from my credit report. + +• In 30 days my score had gone from 546 to 620! I was elated, and more determined than ever. I felt like I was on a mission at this point. + +• I applied for and was approved for a Capital One Secured Credit Card. It works like this – When your credit is so horrible that you cant get a real credit card to start boosting your credit, you get a secured card. Basically, you pay them $200 for a credit card with a $200 limit.. I put $40 on the card every month, and paid it off completely. + +• I paid off all of my credit card debt. + +• Of the delinquent and/or accounts that I had in collections that were NOT removed, I negotiated the debt down at every single one. I called them and basically said, “I don’t have enough money to pay my full debt, but I will give you X amount right now, (usually about half of what the debt was) to settle it and remove it from my report. They all had to get their manager’s approval, but every single one of these debt collectors accepted my offers. The way they look at it is like this – “We either get half, or nothing” + +• After 60 days I was up in the 680s… Couldn’t be happier. Then I did something that was not mentioned in the above subreddit.. + +• I signed up for a service that sends out letters written on your behalf demanding that they show proof and accuracy of the negative item on your credit report. Basically, you pay them a certain amount per month, and they send out attorney written letters to ALL credit reporting agencies, and debtors on your file, demanding that they prove they followed the law to the LETTER, and demand that if they cannot, then the record must be erased from my credit report. It’s basically a team of attornies and paralegals that work on behalf of their clients to remove delinquent and collections accounts from their credit reports. + +• Less than half of the remaining collections could prove that they followed the process, so they removed the collections from my account. + +• I then paid off the remaining 2 accounts (down from 17 accounts when I started this) + +• My credit score as of yesterday from both Transunion and Equifax is now 723. + +• I applied for a real credit card from Chase and was immediately approved for a credit card. + +And that’s my story! +TL;DR – Call all your debtors, negotiate the debts down. Get credit Karma, be religious about not going over 30% of credit card limit, get a secured credit card. + +Again, thank you everyone on here who helped make this possible, I really wouldn’t have been able to do it without you, and I mean that. Thank you. + + +Edit: One HUGE THING I forgot to mention... I called into my auto loan company and asked them to remove some late payments that were on my report. I had about 4 late payments that were 30+ days, and 2 that were 60+ days. I asked them to remove some, and they did. Overnight my credit score went up 22 points. + +Edit 2: WOW. Thanks everyone for the response. I have received many messages from people who we're in a similar experience as I was when I started this journey. Thank you so much for your comments and your messages. There are a couple of things I wanted to clear up however. + + +Some people have perceived this guide as "not ethical" in the way I removed accounts from my credit report. + +I don't care. You don't have to follow my advice I'm just sharing what I did, and it worked for me. I hold no moral obligation to pay third party debt collectors mountains of money with their fees tacked in. I just played the game and I won. Simple as that. You don't have to agree with how I did it, I just wanted to share what I did. + + +I’m talking no inheritance, no cars or major assets from parents, no living at the parents house while in university, no gifts of a down payment for the house etc. Starting from nothing and growing wealth on your own. Curious to hear these stories because most people I speak to have gotten a leg up from their parents wealth. + +EDIT: By wealth I don’t mean tens of millions of dollars, I think of wealth as being very financially secure with assets and income. Ability to provide for yourself and your family easily and without stress. Able to buy everything you need and a lot of what you want. Having what you need to comfortably retire. Obviously this looks different for everyone. +[https://www.marketwatch.com/story/impossible-foods-prepping-for-10-billion-ipo-report-11617923032](https://www.marketwatch.com/story/impossible-foods-prepping-for-10-billion-ipo-report-11617923032) + +The current valuation of $10B dwarfs the $4B it was valued at in a private funding round in 2020, and at approximately $1B more than Beyond Meat. This is despite the fact that BYND brought in 400M in FY revenue compared to Impossible Meat's 150M estimated annual revenue. + +I personally don't see any angle from which $10B can be justified. Future growth for the next decade is priced in at the current valuation and it strikes me as a massive bust waiting to happen. +I recently picked up a part-time seasonal position at Macy's for some extra holiday cash. I've been working in retail off and on over the past 15 years, and am familiar with the hiring and management practices at a lot of places, but it's been a few years since I've worked for a big retailer like Macy's. I was very surprised and disappointed to learn that the 20% employee discount is only available through a prepaid card (like a gift card I guess, not terrible but not great), or through their *actual store credit card*. They conveniently inform you of this halfway through your new hire paperwork, and even allow you to apply right then and there. + +I've been through this type of application process before, but I've never seen something so brazenly unethical. These are often young adults or older people applying for these positions, filling out so many forms with so much corporate legalese that your head would spin, and they're being targeted with a (hard hit, thanks auto mod) hit to their credit for a card with a ridiculous interest rate. Is this new in retail? Seems like a disturbing trend if it is. + +Anyone have any thoughts on this? Just wanted to get the word out. + +EDIT: Thanks for the replies, everyone. Really enjoyed the discussion about credit cards, business practices, and obviously PF. The consensus seems to be that store credit cards are not any worse than other forms of lending, as long as they are managed responsibly. I respectfully disagree, in that it seems like they are often offered to a range of people (namely, new employees) that may not have the knowledge or experience to handle a line of credit, but I will agree that it's fair game to solicit employees. I just think it's kind of shady to imply that a store credit card is an "easy" solution for employees. Employees should just get an effing discount, period. But we're all free to work and shop where we please, so feel free to support smaller/local businesses that don't subject their customers and employees to frivolous lending situations. +Let's assume you developed an algorithm that makes a steady 20% (part backtesting, part forward testing) a year on stocks. How would you monetize this knowing you don't have a lot of money to spend? + +What would you do? + +Myself, I see a couple of options: + +1. Start an investment fund and gather money from people to invest. Downside is, you need to manage a lot of assets (3m+) before you make enough to make a living and you'll need a bag of cash to cover all costs involved in founding such a firm. +2. Use it to invest yourself. Could be very lucrative but if you start with 10K savings money and make 20% a year it takes a very long time before your net worth reaches a respectable amount. +3. Create a trading signal service and sell the decision of your algorithm to other people. +4. Try to sell the algorithm to some investment firm as a one time sell. +5. Any suggestions? +I figured holding 60 different "high growth" tech companies plus a few resource producers was diversification....now here I am with 50% less net worth than August 2021. I guess all of the XEQT / VGRO fanatics have got it all figured out. + +Whitecap Resources -refuses to increase valuation past 2:1 + +Schlumberger -Outright refuses to increase in value to historical norms. + +Upstart Holdings -Remains profitable but the market seems to think the company is insolvent. + +Lemonade Insurance -Great customer satisfaction, awful shareholder value. + +Vale -Worlds second biggest miner, who gives a flying fuck? + +Fiverr International -Rise of the freelancers! Plummet of the share price. + +Rio Tinto -Gigantic dividends, worthless share price. + +Mind Medicine -The Shroom Boom has been a major bust. + +DocuSign -Total grenade. + +Shopify -Succumbed to the Curse of Canada! If your company ever reaches the largest market cap in Canada, it shall be insolvent the following year. + +Kulicke and Soffa -There is a microship shortage, we make tooling for microchip production, our stock price is down -50% Sure, why the fuck not. + +The Trade Desk -We are the most innovative advertising firm on the internet, every Earnings Report is a smash beat! We are down -75% Sure, why the fuck not? + +Newmont Gold -There is hyper inflation, gold is a hedge against hyper inflation.....psyche!!! Not this time SUCKER. + +Fuck Stocks, fuck options, fuck the world. + +Is nobody else getting annihilated in this collapse or am I the only idiot swimming in a sea of geniuses? +Hey all, + +So I've set up a new website based on investing content specific to Australia / the ASX here: [https://ausinvestors.com/](https://ausinvestors.com/) + +I wanted to do this for a number of reasons: + +* It provides a place for me to start to gradually build up a big library of DD all in one spot, if only to refer back to myself if nothing else +* This means writing the **"Random Stonk of the Week"** post is something I will bring back every week if people are keen... they take quite a long time to put together, and I stopped because when they just fall off the page here after half a day, a lot of the time it feels like a waste of effort. At least if I post them here going forward, and then can move them elsewhere afterwards once they fall off the page, the time put in doesn't feel as short-lived. This will also let me make them longer and more in-depth/detailed with more images, charts, data etc. moving forward. 🤞 +* I find Reddit's post tools to be shit for writing long posts... it randomly deletes paragraphs, doesn't let you put space between bullet points on mobile, removes code and breaks the format any time you copy-paste stuff meaning you have to re-write it or lose what you wrote, etc. So I can put them here first, then try tidy them up more later. +* Most of the info out there online already, I find is way too catered to Yanks and not Aussie-specific, OR... +* ...it's very *dry* and written either by paid pumpers who are just shilling companies who pay them to be overly bullish (*Motley Fool, Next Pumpers, Hotcrapper, Stockhead etc*), or boring suits who only cover ASX100 companies. Never any swearing or casual writing, or character involved, and basically just boring as fuck re-written press releases is all most of them are from what I've seen... + +I've also created a "Poll" section where people can vote on which stock to do DD on each week (out of 5 random choices on the ASX of stuff I don't hold) here if anyone is interested in voting: [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +(I've just migrated past ones I've done to the site already so far, so looking to ramp this up moving forward.) + +You'll also notice there are a few basic "guide" content articles on there... most of this is targeted at n00bs, and not really relevant to you guys who have been in the game a while. + +I am just sick to fucking death of seeing the *exact same questions* asked day in and day out on every Aus investing sub or forum I visit, so wanted to put some of that in place as well to round things out. + +It's all basically just a compilation of shit that I kind of want to have for myself, so if anyone else is interested then it's a bonus. + +So yeah, cheers for allowing me a spam post, and feel free to vote for the next DD in the poll if you want to. Suggestions / hate welcome as always. Facebook page is also here, would be a big help if people could 'Like' it who are on FB and are interested: [facebook.com/aussieinvestors](https://facebook.com/aussieinvestors) + +💘 + +Mods: I flaired this 'Legit Discussion' as dunno wtf other flair would suit... am always tempted to go for the Scam Dream flair out of affection though +G'day cunts, thought it'd be a fun dumbfuck discussion to see what crazy theories are out there as to what the next major Black Swan event will be that impacts the world. If we all throw our hat in with a prediction, maybe one of us will knock it out of the park and get to feel smug on the internet. + +For the cunts that need explaining, a [Black Swan Event](https://en.wikipedia.org/wiki/Black_swan_theory) (first coined in the book "The Black Swan" by Nassim Taleb) is a sophisticated wankery metaphor used to describe highly impactful events that come out of nowhere. + +To be classed as one, they should have the following three properties: + +- They are unpredictable and extremely rare. More specifically, the probability of such an event occurring is so low that there is insufficient historical data to build a meaningful probabilistic model calculating the chance of the event occurring. + +- They have a major effect on the world. Pretty fucking self-explanatory. + +- With the benefit of hindsight, dumb cunts will explain how it was obvious that this would occur. + + +One thing people get wrong about Black Swan Events is that they are *observer dependent*, AKA an event might be a Black Swan to you but not to me. Someone as autistic as Michael Burry had the foresight to go through through all the spreadsheets explaining how mortgage backed securities worked, while the investment banking world bundled the shit into a black box and sold it. The GFC was a Black Swan for them, but not Burry. + +Another minor point is that these events don't have to take place in a single moment, they can take several years to play out and still be Black Swans. + + +Some examples of Black Swan Events in the past 50 years to give you an idea. + +- The Fall of the Soviet Union (1991) + +- 9/11 Attacks (2001) + +- Emergence of Google (1998-2010) + +- The Global Financial Crisis (2007-08) + + +My one (which is pretty fucking tame), I believe the entire world economy is overexposed to China as a producer, and the Great Chinese Recession which is just starting now will lead to abysmal returns in the stock market over the next 5-10 years. Evergrande is merely the tip of the iceberg to the systemic rot in the Chinese system. Yes I'm a little late to the party in calling this a Black Swan, shout out to the guys who figured this out five years ago. + +Another one likely would be a major solar storm hitting the planet such as the [Carrington Event of 1859](https://en.wikipedia.org/wiki/Carrington_Event). I believe we haven't had one of similar magnitude since, who knows exactly how much that would fuck the world up. + +As a bit of an incentive, I'll give reddit gold to whoever comes up with the most crazy yet plausible Black Swan candidate, lets get fucking wild with it. +Hi apes; **sharkbaitlol** here again chomping away at MSM this time. This is a quick post surrounding a particular news station confirming the concept of naked short selling (for anyone [out of the loop](https://www.reddit.com/r/Superstonk/comments/nspmql/naked_shorts_yeah/)); while this is hilarious, it's something the apes here at **Superstonk** know all too well as we've been researching this for a while now! + +Over the last few months, we've had fantastic DD written on the subject and even had AMA guests come on to speak about it. The great news is, that this topic has picked up so much speed that we even see it trending on Twitter right now across various parts of the world. + +With that being said this serves as a great time for us to showcase all the research apes here have worked on over the last several months. If you feel there's a great thread that should be included below (that I've missed); please feel free to comment and I'll edit it in. + +&#x200B; + +[the world is taking notice](https://preview.redd.it/o0nbqlzlfh371.png?width=1091&format=png&auto=webp&s=e9e7cb830ed3490fd11adf58b87db6079c3469ef) + +Lets start off with a text book definition of naked short selling: + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/n\/nakedshorting.asp](https://preview.redd.it/yecxm5507h371.png?width=611&format=png&auto=webp&s=59d8c9f2e09a1cd46ed532814ccc7ced06ae2a67) + +Essentially it is the practice of shorting a stock (which is totally legal), but without the shares on hand (this is what's illegal). This is equivalent to spending shares you do not have; this becomes a slippery slope to create scenarios like what we see with GME where we saw hundreds of percent over the float was rehypothecated. **On GameStop specifically if you navigate to** [FINRA](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.1) **we can confirm it was over a WHOPPING 250% SI back in early January.** **This can be put on the same level of severity as printing out currency. Remember this is simply all that they're willing to admit. The reality is that misrepresenting this information is a slap on the write in fines.** + +# This process artificially increases the amount of shares in circulation without the affected companies approval; devaluing shares significantly. If you own mutual funds, ETFs, retirement plans or straight up stocks this should be a concern for you as these players (naked short hedge funds, financial institutions) are stealing from you. It's through this process that they killed off Toys'r'us, Sears and thousands of other companies. + +&#x200B; + +Some great resources from over the last few months: + +\----------------------------------------------------------------------------- + +# AMAs With Wes Christian + +\----------------------------------------------------------------------------- + +Wes Christian joined us recently for two amazing AMAs! + +Just as a reminder for his background; + +>*Wes Christian is a Texas attorney with* [*an accent as big as his list of accomplishments*](http://www.csj-law.com/attorneys/jchristian.html)*!* *His primary focus in the last 11 years has been suing Wall Street for fraud and is a* ***US legal expert on naked short selling.*** + +&#x200B; + +https://preview.redd.it/ragcur5s7h371.png?width=170&format=png&auto=webp&s=66da029065ebe745b0b671c1e0f778cf7c3e3bff + +* **Catch him in part 1 in an interview with the brilliant** u/dlauer **:** [**https://www.youtube.com/watch?v=2rJujnpKiqM**](https://www.youtube.com/watch?v=2rJujnpKiqM) +* **And part 2 with heavyweight investigative journalist Lucy Komisar:** [**https://www.youtube.com/watch?v=q8-JO3g5bm4**](https://www.youtube.com/watch?v=q8-JO3g5bm4) + +&#x200B; + +I highly suggest watching the AMAs to get an insight into the financial world; but here are some great quotes from **Wes** himself during the interviews; + +&#x200B; + +>***Lucy:*** *"Well, what was going on? What tactics were they using?"* +> +>***Wes:*** *"Let's see back then what they did is they really naked short sold, what I would call small cap companies, bulletin board companies, not NASDAQ companies, not NYSE Amex companies, bulletin board companies, and back then those companies always needed capital. So they would enter into the the bad guys would enter into a convertible debenture, that is a basically a legal note a promise to pay money. In an exchange for that the note would say we the person who's owed the money can take shares, or we can take cash for payment. Well, the bad guys would always take shares. And so what would happen is the company the public company would sign the note because I needed the money. Because the people said, Oh, we'd love your company, we want to invest, we really think you've got great technology will loan you this money. In fact, we'll even let you repay us in shares with the company thought that's a winning proposition. Because my God, I don't have to part with cash, I'm gonna get cash in the door, it's great. But in reality, what that was, was a predator, or predator who was coming in getting inside information and loaning you money. And at the time, let's say that this company stock which was internet law library was making it up, but it's close $8 a share. And at the time, the amount of shares that would have to be given to the person who the note was made payable to would have been, let's say, a million shares. And it that time the stock started going down and down and down, and the volume of the sales went up and up and up. Of course, as we know, loosely, anytime sales, exceed demand or supply exceeds demand, the price is going to go down. So what was happening is the mission of the bad guys was to loan you two and a half million dollars, and be entitled, at least at that time to a million shares. So by the time sorry that they got through with you, you would have to give them 20 million shares."* + +**Shark's take**: It wasn't always about going after big companies; Wall Street's appetites have grown over time as **Wes** suggests. + +&#x200B; + +>***Lucy:*** *"but just to just to intervene a little bit just to explain what it means. If you make a loan, and I think in this case for Sedona, it was two and a half million, you have to pay back, maybe it was 3 million in shares, but its shares and you think everything's going up, you're getting this loan is going to grow the business. But if they knock the share price down with naked short selling, 3 million worth of shares, may be the whole company, because the shares now are worth what a 10th a 20th. So that the number is important. $3 million worth of shares, gives them the whole company. And that's that's the deal. And that's how it"* +> +>\*\*\*Wes: "\*\*\**That is exactly how it works. It is a way when you think about it to take the company over. Over the years, we've done 20 of these cases and and so and we're getting ready to file a couple more, we just found one in the southern district as you know the Harrington case. Basically, it is a way to either destroy the company and bury the dead bodies that the stock certificates that don't exist, or it's a way to steal the technology. I've seen it both ways. If they really like your technology, they will go in and right before the company Totally dies, they'll put it in bankruptcy, buy the assets out of bankruptcy for what they're owed, and go from there. So you're right. Their mission is to start out with 3 million shares and ultimately you owe 100 million shares in order to pay your two and a half million dollars worth of debt."* + +**Shark's take:** This has been ongoing for such a long time that it no longer a new or shocking concept. The process of a naked short company takedown is well documented, and understood. They'll drag the company into significant debt before killing it off. + +&#x200B; + +>\*\*\*Dave: "\*\*\**So I think there are two things that I've seen on the on the subreddit, consistently, and that I think, you know, might be of interest to dive a little deeper into. And so, you know, we've talked about this a lot, and we've thrown the terms around today. But maybe, maybe it would be great to get a little deeper into it, which is the idea of synthetic shares and, and failures, right. And so maybe if you if you don't mind just going a little deeper into that dynamic. You know, what is that mechanism that that that these firms are using to create these synthetic shares? And what have you seen in the past?"* +> +>*Wes: "Yeah, and again, I'm going to qualify that my answer, but to make it clear that I'm only using what's in the regulatory actions and out in the public marketplace, because again, I can't use any particular from a specific case. What I'm seeing is, is the creation of futuristic instruments. They've been called rehypothecation instruments they've been called repost certificates. They've been called putting a put in a call together. They've been called reverse conversions. There's many fancy names for them, but I call them I call them the Popeye and Whitby principle, okay. It's like, give me the hamburger today, and I'll pay you next Wednesday. Okay, except next Wednesday, incidentally, never comes okay. So So ultimately, you know, that principle needs to not be allowed because ultimately it culminates in the dissemination of false information. it culminates in that false information comes in several places. David's a great question you pose. Number one, they'll show it to the compliance department because Don't forget, each one of these firms has a compliance department. And that compliance department gets a knock on the door from the regulator or from the auditor that says, hey, what about this Charlie or Sally? And ultimately say, Oh, we got to fix that. Okay. And so they go to the broker and say, What Is this okay? Because Don't forget The proprietary trading desk is a whole section of that firm, there are traders that do nothing, but do prop trading. And so ultimately, they then say, well, we got to, we got to figure this out. So they'll go create this, you know, as to members in the conspiracy that puts in the calls. Or if they're short, they'll get a friend of theirs to sell them a bunch of shares, which, incidentally, are short also, but they'll mark them long. So guess what happens when they when the naked short seller is has this contingent liability on the brokerage firms books, he calls a buddy sell me some long shares, he sells in the long shares, well, that that cancels out net, magically, the number of long shares he got sold, netted out his his naked short to zero, he's he's all good, until the compliance guy comes knocking again. So the mission is to kick the can down the road kick the can down the road. So basically, you know, at the end of the day, it's creating a futuristic instrument it to to, you know, deal with the option market, the repossession or repo? hapa, hapa, rehypothecation. market. And anything else that is a futures contract? It's basically a futures contract to do something, in some form representative of shares that never gets consummated."* + +**Shark's take:** We start venturing into the concept of rehypothecation when we enter into the realm of naked short selling. Of course these "synthetic shares" must be coming from somewhere. **Wes** confirms that the goal for these naked shorters is to keep kicking the can down the road infinitely. Short hedge funds just keep saying "I'll pay you next Wednesday" and continue saying it every week. Eventually the company gets killed off in this process as this can take months/years. With everything that's happening now, we hope it'll spur change. + +&#x200B; + +\----------------------------------------------------------------------------- + +# AMA With Dr. Trimbath + +\----------------------------------------------------------------------------- + +Dr. Trimbath has been an incredible ally to the ape initiative; + +A quick blurb about her incredible work: + +>*" Susanne Trimbath holds a Ph.D. in Economics from New York University and received her MBA from Golden Gate University. Prior to forming STP Advisory Services, Dr. Trimbath was Senior Research Economist in Capital Studies at Milken Institute (Santa Monica, CA) and Senior Advisor on the Russian Capital Markets Project (USAID-funded) with KPMG in Moscow and St. Petersburg. She previously served as a manager in operations at Depository Trust Company in New York and the Pacific Clearing Corporation in San Francisco; she started her career in financial services operations at the Federal Reserve Bank of San Francisco. Since 1989, Dr. Trimbath has taught economics and finance in university graduate and undergraduate programs as adjunct, associate and full-time professor. In 2009, she was certified to teach in the distance-learning environment by both Bellevue University (Nebraska) and University of Liverpool (UK, by Laureate International, Amsterdam). "* + +&#x200B; + +You can watch the AMA [here](https://www.youtube.com/watch?v=fGVY2Kco8ng); I also highly recommend her book called **"Naked, Short and Greedy"** goes into MUCH deeper detail as to the oversight of what went on at the DTC (Depository Trust Company) during her time there as senior management. This is the same security depository which the stock market sits on. It is a large component of how naked shorting is allowed to exist in the current landscape. + +Fellow mod u/atobitt did a fantastic write up on the very topic of how the DTC has allowed this mess to happen in the first place. Highly recommend reading through his "[A House of Cards](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/)" series. + +https://preview.redd.it/t0q55lyxyh371.png?width=1526&format=png&auto=webp&s=57b0a5dc5081fb925a6e5607e2187181790d6310 + +&#x200B; + +\----------------------------------------------------------------------------- + +# Other fantastic threads by apes: + +\----------------------------------------------------------------------------- + +* " [Explain w/ Crayons Series: What is Naked Shorting? Indicators GME is Being Naked Short](https://www.reddit.com/r/Superstonk/comments/nk40b6/explain_w_crayons_series_what_is_naked_shorting/) " by u/AaronJamesArq + * Great powerpoint type formatting that quickly and easily explains the concept of naked short selling and how it relates to meme stocks +* " [The naked shorting scam revealed: lending of market maker privileges, the married put trade and why inflicting max pain will bleed them dry](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/) " by u/broccaaa + * Amazing deepdive into how the naked short selling scam may work with some intensive mathematical research done around the topic. +* " [Reason why they didn't speak about naked shorting](https://www.reddit.com/r/Superstonk/comments/n6qilq/reason_why_they_didnt_speak_about_naked_shorting/)" by u/Badgerv12 + * Further proving why a slip up on news stations may be important. It's one of the first few times it's heard from MSM them confirming the concept. +* " [This is HUGE NEWS: Investment Banking Company Jefferies suspends short sells and naked shorts on $GME](https://www.reddit.com/r/Superstonk/comments/nrgdlo/this_is_huge_news_investment_banking_company/) " by u/FDAz + * News suggesting that multiple financial institutions trying to potentially control the naked shorting issue. +* " [Naked Short Sellers have set our cancer research back decades from their abusive short selling.](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/) " by u/phoenixfenix + * The ugly reality of naked short selling and just how damaging it has been to the world historically. +* " [ELINA (Explain Like I’m Not Ape)](https://www.reddit.com/r/Superstonk/comments/mwylrj/elina_explain_like_im_not_ape/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) " by u/writerofjots + * In-case you're still REALLY confused, this one does a good job breaking it down into the barebones. + +&#x200B; + +&#x200B; + +Just to echo my statement on the daily thread, the mod team will be removing any further content referring to the reporter or the news station in question at this time to make room for the excellent research you all do. I urge you all to rely on your humanity (apemanity?) when discussing this further. + +# Please remember that the reporter is an individual as well; whether intentional or not, they should not be harassed. This paints a very negative image on the apes, and we're better than that. + +&#x200B; + +**TLDR; Buy, Hodl, Vote.** + +&#x200B; + +With that being said, stay excellent to each other and stay hungry. + +&#x200B; + +Please feel free to retweet my post to get superstonk's voice out there! [https://twitter.com/u\_sharkbaitlol/status/1401233432060076032](https://twitter.com/u_sharkbaitlol/status/1401233432060076032) +Sure, I get it, there's always that someone who lived in the same house for decades and never spent a dime. But in the real world, especially those of us with families. Can we agree the lifestyle creep in inevitable? Your kid is in band and would move up to the next level and get "leadership" with private tutoring. Your care is exhausted and you buy a Tesla (performance, but you de-badge it). Flowers for your wife, because... well, no reason. You justify more coffee that you buy rather than the swill that they're handing out for free at work. + +I hear it all the time: "Don't get caught up in lifestyle creep". But we all do it. Or? No? +Me (23f) and my boyfriend (23m) have been discussing buying a house but when it comes to finances we disagree. He earns €700 a week and I earn €350 a week. + +A mortgage for us would be roughly 600/700 a month and I think it would be more fair for me to pay 250 and he pay 350 but he disagrees and believes it should be 50/50 split. It’s not an argument but it’s been a discussion. + +I was just wondering what the most common way of doing things would be ? +Hey guys, this is the next big thing. Crazy clean launch with based devs with a lot of experience driving sucessful projects. They have the tools necessary, heavy solidity coding experience and the contacts to make this explode and drive us to the moon. + + After this introduction you can read why is this so good and everyone is buying. + +One thing has become clear as the momentum on the bull run has momentarily stalled with gains wiped off the board while the patient investor bides their time. + +And that is in spite of market conditions, appetites are still strong for the next big memecoin. + +That’s right, just like how a casino keeps the lights running even when the S&P is short circuiting, the memecoin market keeps turning and **new coins to find** **10x, 100x, 1000x gains off of keep rolling out.** + +So when you find a token that has this level of support behind it **(over 100k+ whitelist subscribers, 12k+ members in TG)** and the ability to provide improved mechanics which made **SafeMoon** and **EverRise** explode **(developers of BOG, Gabe, Bingus, all teaming up)**, it’s an easy recipe for success. + +And thanks to the **revolutionized recipe Olympus provides**, all you have to do is buy the token and wait for reflection taxes to return you your investment and more. + +By taking a piece of every transaction and converting the value into **BUSD that gets reflected right into your wallet**, you can collect stables simply by watching Olympus bring in volume. + +As such, this truly is the first token to allow you to win simply by buying and holding. And that’s before considering the **buyback mechanic** that will help Olympus keep its price looking healthy and chart ascending to the gates of holy gains. + +In the steady hands of experienced professionals, expect this market cap to skyrocket following their whitelist sale and public listing on PancakeSwap. + +With **anti-bot and anti-snipe features built into the contract**, getting in at listing is a real possibility for those of us relying on our human hands. Just make sure you set that slippage and gas rate high. + +DYOR and don’t play with more than you’re willing to lose, but the **risk/reward with known teams and reputations on the line is a lot better** than what you’re going to see with most new coins out here. + +&#x200B; + +&#x200B; + +[Website](https://olympustoken.io/) + +[Telegram](https://t.me/OlympusOfficial) +A lot of people wanted me to endorse this sub. Here I am. The GME sub is compromised and I unsubbed from it. + +Let's get this thing started! + +Edit: rensole just posted his Statement here https://www.reddit.com/r/GME/comments/mkgolv/synopsis_for_0405 + +Edit2: That suspicous mod (yournameiscool) just deleted rensole's post for calling him out on acting suspicous and banhappy. What a shitshow. +Womp womp. I’m in my early 30’s. Engaged, no kids. I live in a VHCOL city. 17% cash, 82% funds/stock. 100k salary (freelancer - so salary is different every year but it’s around that.) I got an inheritance of $250k when I was 26 and I never spend a dime! + +I don’t really know what to do here... + +I still don’t want to spend any of this but I really want to move to a bigger place as quarantining in a one bedroom was not fun. + +Mentally, I am extremely frugal and it’s very hard for me to break those bonds. I do want kids eventually so I don’t want to let them down by blowing it all on a sweet pad. + +How do you decide how much of your gainz to spend on luxuries every year? + +Thanks all. +Trying to see any downside of dedicating part of my Roth to ARKK and ARKG. It seems to me like they are pretty future-proof and any short term volatility will be dwarfed by long-term capital gains. The funds invest in innovation, and the world will inevitably innovate over the next several decades. Thoughts? +I would assume that the stock market is just going to plummet worse than it already has. Pretty much every report I've seen says it will too. But are they necessarily tied together? +I was visiting my brother about three hours from home this weekend. Saw a car listing I was interested in, went and looked at it, drove and looked great, so I went and got cash from the bank and bought it. This was at about 11:30 am. They closed at noon because it's Saturday. I headed home and made it 64 miles before the transmission went out and left me sit on the side of the highway. I had it towed back to the car lot because I was a heck of a lot closer to there than home, and then my wife took me the rest of the way (she was following me in our minivan with our kids.) + +My question is, what are my odds on a refund on this thing? I signed a document saying it was being sold as is, but this is a private dealer and has the guys name on the sign. I guess I'm hoping he has some integrity and cuts me a break considering I didn't even get to drive the thing for an hour. I also took all this money out of my savings so I'll be pretty bummed if it's just a complete loss. A transmission is completely out of the question to replace on this car. + +Thoughts? I probably won't hear from this guy until Monday so I have to stew about it until then. + +Edit: I live I Indiana if that matters. + +Edit 2: Guy just called me and the first thing out of his mouth was that he was refunding my money. Said he was sorry and not a crook about 15 times. Guess there really are some good people left in the world. + +Final edit: Just got home with my refund as it was a 5 hour round trip. Guy was extremely apologetic and even told me he wasn't legally obligated to do anything but he thought it was the right thing to do. He said he would have sold that car to a family member and was shocked that it happened. To all of you who were telling me to buy him a bottle of something, I am already out a few hundred dollars for the tow bill, not to mention I filled the tank to the brim before it broke. I lost a decent chunk too. Guy said he's not going to scrap it, he has too much money into it now so he's just going to replace yhe the transmission. (it had 4 new tires, a new battery and two front wheel bearings just finished) I told him if he can find me something else I will make the drive again to give him business. He has my trust now for sure. Also it's against the rules to say the name of the place according to the sub rules. Thanks everyone for your advice and comments. Take care. +I am someone who has always firmly believed in the idea that so many large corporations are fucked up for avoiding the amount of taxes that they do (admitted Bernie supporter, naturally). I was thinking about this and sort of realized that if Apple can use tax havens it could also just move its business there. So, what I'm asking is, would they? Or is there some reason tying them to the States that I'm missing. +She just left to go stay at her sisters. She super mad that I didn't sell at 60k and looks at the price often scolding me. I keep telling her we don't need the money and have the cash. We live nice. However today she caught me buying the dip and was so pissed she almost hit me! Now she packed bags and went to her sisters to stay. She said not to talk to her. This is where I need help, where is a good place to pick up girls in my Lambo? + + +# ⚡️COINGECKO LISTING IS LIVE! + +# 🔥BTOK - AD IS NOW LIVE ON FRONT LOADING PAGE - MOST PREMIUM SPOT + +**The Gods themselves are featured on the premium, FRONT loading page of Btok app, the most popular crypto app in China with over 10million user base and 500,000 unique daily logins!** + +**The ad will run for a full week, 11th July - 18th July and there will be EXTRA SPECIAL announcements and events during this period, also known as the Olympics!** + +**First MEGA contest with prize pool of USD10,000 is now LIVE - See below and Join our Telegram link below for full details!!** + +\------------------------------------------------------------------------------------------------------------------------------------- + +# HUGE Marketing Blitz - Over USD 200,000 paid for + +**🔥 BOGCHARTS V3 BANNER ADS 🔥** + +**First project to be featured with banners on BogCharts latest V3 UI, on premium spots! Similarly, running for 1 week.** + +**🔥 POOCOIN ADS 🔥** + +**Banners are up all over Poocoin as well!** + +**🔥 COINSNIPER & COINHUNT PROMOTED** + +**🔥 Wide range of paid and organic articles across popular crypto news websites inbound** + +**🔥 Surprised Goddess of Love (Aphrodite) appearances.... 🔥** + +\------------------------------------ + +Powered by the lead developer of BogTools, you know this is not an overnight disappearing act, rather a long-term play that not only rewards you for holding in BUSD, but will see use-cases that will drive adoption beyond an initial hype phase. + +Let's do the quick rundown for mortals (future Olympians): + +**⚡️ 4% BUSD Reflect.** + +Yes, you heard that right. BUSD right to your wallet. No staking, just right to your wallet. This is the first of its kind. + +**⚡️ 4-8% Zeus (whale) Buyback tax** + +On every buy/sell/transfer 4-8% is taken for Zeus to buy back and burn tokens. This has resulted in a 17% burn IN ONE WEEK. + +**⚡️ 4% Dynamically adjusting liquidity tax** + +Anytime the liquidity percentage is higher than 25%, this tax flows instead to Zeus as further tribute, making him even stronger. Personally, I think this will be cloned all over BSC. It's brillant. + +Now if those pump-a-nomics aren't enough for you, just take a seat. This is not just a meme coin. When John from BogTools is on the case you bet there will be a usecase and some fun game elements. + +\------------------------------------ + +# 🏛🏛THE GODS HAVE SPOKEN🏛🏛 + +**⚡️The second page of our LitePaper is ready for the Demigods and Olympians. ⚡️** + +All four pillars are outlined in detail. This will materialize on our website shorty, but for you all here is an early look at the scripture of Zeus. + +**🍾 Pillar I : Locker of Anake** + +The locker of Anake will allow teams to lock the liquidity raised from their IDO in an innovative, safe, and transparent way. + +Instead of simply locking the liquidity through a classic smart contract, the Locker of Anake will store and lock the liquidity within an ERC721 token (NFT), allowing his owner to move it from a wallet to another and always keeping the unlock schedule. + +Not only this, but the Locker of Anake will allow projects to split the locked liquidity into multiple NFTs held by different team members. That feature is not only convenient for teams so they can share the liquidity's responsibility in case of a wallet loss/hack but also very convenient for investors who always fear the moment the liquidity unlocks. Indeed, having the liquidity split assures investors that one single person cannot rugpull an entire project. + +Moreover, if the project is transferred to a new team, the previous liquidity owner(s) can sell the liquidity to the new team. + +**🍾 Pillar II: Wheel of Kronos** + +The wheel of Kronos allows a project to vest tokens for teams, influencers, or anyone of their choosing to have them automatically locked and doled out based upon a pre-defined time frame. + +Same as the Locker of Anake, the Wheel of Kronos will store and vest the specific tokens within an ERC721 token (NFT). That way, team members/influencers can transfer their vested tokens from a wallet to another and or even split them into multiple wallets. + +**🍾 Pillar III: Shield of Athena** + +Tired of Hades? Acquiring the Shield of Athena NFT will protect you from the taxes for one single transaction. + +Make the right call and get the shield of Athena to turn a 14% purchase fee into a tax-free buy. + +**🍾 Pillar IV : Lightning of Zeus** + +Holding the Lightning of Zeus NFT will grant you a unique chance of controlling Zeus' power. Use this incredible power wisely to help your fellow Olympians reach Elysium to feast with the Gods. + +**🍾 Pillar V: ?????** + +Seems like the explorers may have discovered YET another Greek legend..... + +\------------------------------------ + +# ⚡BTOK OLYMPICS!!!⚡ + +Contest Summary: BUSD10,000 in prizes (for $OLYMPUS purchases worth at LEAST 10BNB) + +Qualifying Condition: During the 7 days of the Btok Olympics, all buys of $OLYMPUS equal to at least 10BNB in value will award you a ticket entry into this competition to win a huge prize. Any selling of $OLYMPUS during this period will disqualify the wallet from eligibility to win anything. Note that multiple buys award multiple tickets and thus increase your chances of winning the competition. + +⭐Gold Medal: USD5,000 + +⭐Silver Medal: USD3,000 + +⭐Bronze Medal: USD2,000 + +UTC: 2021-07-11 12:00 to 2021-07-17 12:00 + +\------------------------------------ + +Currently Olympus is sitting at about USD 8 Million Market Cap, Huge marketing blitz both live and inbound, few more big surprises coming along the way. Great community. Active staff and mods. VC everyday. Just an all round great helpful community. It's only up from here guys. + +# Socials + +Telegram: https://t.me/OlympusOfficial + +Website: https://olympustoken.io/ + +# ⚡️ ⚡️ Make the right choice, mortals! ⚡️ ⚡️ + + +# ⚡️COINGECKO LISTING IS LIVE! + +# 🔥BTOK - AD IS NOW LIVE ON FRONT LOADING PAGE - MOST PREMIUM SPOT + +**The Gods themselves are featured on the premium, FRONT loading page of Btok app, the most popular crypto app in China with over 10million user base and 500,000 unique daily logins!** + +**The ad will run for a full week, 11th July - 18th July and there will be EXTRA SPECIAL announcements and events during this period, also known as the Olympics!** + +**First MEGA contest with prize pool of USD10,000 is now LIVE - See below and Join our Telegram link below for full details!!** + +\------------------------------------------------------------------------------------------------------------------------------------- + +# HUGE Marketing Blitz - Over USD 200,000 paid for + +**🔥 BOGCHARTS V3 BANNER ADS 🔥** + +**First project to be featured with banners on BogCharts latest V3 UI, on premium spots! Similarly, running for 1 week.** + +**🔥 POOCOIN ADS 🔥** + +**Banners are up all over Poocoin as well!** + +**🔥 COINSNIPER & COINHUNT PROMOTED** + +**🔥 Wide range of paid and organic articles across popular crypto news websites inbound** + +**🔥 Surprised Goddess of Love (Aphrodite) appearances.... 🔥** + +\------------------------------------ + +Powered by the lead developer of BogTools, you know this is not an overnight disappearing act, rather a long-term play that not only rewards you for holding in BUSD, but will see use-cases that will drive adoption beyond an initial hype phase. + +Let's do the quick rundown for mortals (future Olympians): + +**⚡️ 4% BUSD Reflect.** + +Yes, you heard that right. BUSD right to your wallet. No staking, just right to your wallet. This is the first of its kind. + +**⚡️ 4-8% Zeus (whale) Buyback tax** + +On every buy/sell/transfer 4-8% is taken for Zeus to buy back and burn tokens. This has resulted in a 17% burn IN ONE WEEK. + +**⚡️ 4% Dynamically adjusting liquidity tax** + +Anytime the liquidity percentage is higher than 25%, this tax flows instead to Zeus as further tribute, making him even stronger. Personally, I think this will be cloned all over BSC. It's brillant. + +Now if those pump-a-nomics aren't enough for you, just take a seat. This is not just a meme coin. When John from BogTools is on the case you bet there will be a usecase and some fun game elements. + +\------------------------------------ + +# 🏛🏛THE GODS HAVE SPOKEN🏛🏛 + +**⚡️The second page of our LitePaper is ready for the Demigods and Olympians. ⚡️** + +All four pillars are outlined in detail. This will materialize on our website shorty, but for you all here is an early look at the scripture of Zeus. + +**🍾 Pillar I : Locker of Anake** + +The locker of Anake will allow teams to lock the liquidity raised from their IDO in an innovative, safe, and transparent way. + +Instead of simply locking the liquidity through a classic smart contract, the Locker of Anake will store and lock the liquidity within an ERC721 token (NFT), allowing his owner to move it from a wallet to another and always keeping the unlock schedule. + +Not only this, but the Locker of Anake will allow projects to split the locked liquidity into multiple NFTs held by different team members. That feature is not only convenient for teams so they can share the liquidity's responsibility in case of a wallet loss/hack but also very convenient for investors who always fear the moment the liquidity unlocks. Indeed, having the liquidity split assures investors that one single person cannot rugpull an entire project. + +Moreover, if the project is transferred to a new team, the previous liquidity owner(s) can sell the liquidity to the new team. + +**🍾 Pillar II: Wheel of Kronos** + +The wheel of Kronos allows a project to vest tokens for teams, influencers, or anyone of their choosing to have them automatically locked and doled out based upon a pre-defined time frame. + +Same as the Locker of Anake, the Wheel of Kronos will store and vest the specific tokens within an ERC721 token (NFT). That way, team members/influencers can transfer their vested tokens from a wallet to another and or even split them into multiple wallets. + +**🍾 Pillar III: Shield of Athena** + +Tired of Hades? Acquiring the Shield of Athena NFT will protect you from the taxes for one single transaction. + +Make the right call and get the shield of Athena to turn a 14% purchase fee into a tax-free buy. + +**🍾 Pillar IV : Lightning of Zeus** + +Holding the Lightning of Zeus NFT will grant you a unique chance of controlling Zeus' power. Use this incredible power wisely to help your fellow Olympians reach Elysium to feast with the Gods. + +**🍾 Pillar V: ?????** + +Seems like the explorers may have discovered YET another Greek legend..... + +\------------------------------------ + +# ⚡BTOK OLYMPICS!!!⚡ + +Contest Summary: BUSD10,000 in prizes (for $OLYMPUS purchases worth at LEAST 10BNB) + +Qualifying Condition: During the 7 days of the Btok Olympics, all buys of $OLYMPUS equal to at least 10BNB in value will award you a ticket entry into this competition to win a huge prize. Any selling of $OLYMPUS during this period will disqualify the wallet from eligibility to win anything. Note that multiple buys award multiple tickets and thus increase your chances of winning the competition. + +⭐Gold Medal: USD5,000 + +⭐Silver Medal: USD3,000 + +⭐Bronze Medal: USD2,000 + +UTC: 2021-07-11 12:00 to 2021-07-17 12:00 + +\------------------------------------ + +Currently Olympus is sitting at about USD 8 Million Market Cap, Huge marketing blitz both live and inbound, few more big surprises coming along the way. Great community. Active staff and mods. VC everyday. Just an all round great helpful community. It's only up from here guys. + +# Socials + +Telegram: https://t.me/OlympusOfficial + +Website: https://olympustoken.io/ + +# ⚡️ ⚡️ Make the right choice, mortals! ⚡️ ⚡️ +So at 7:30 yesterday morning my father fell, I helped him up and said we were going to go to the hospital, I got him to my vehicle and put him in the front seat said I love you dad, he said he loved me. Then I shut the door, my mom screamed His name and I looked to see him in what appeared to be a stroke…we ran every stop sign and every light until we saw the ambulance (we live far out) they managed to get his pulse back but by the time we got to the hospital it was too late. + +He was everything to me and to see him transition from a denier and calling me a moron last January to the last few months he was all about it and was thrilled to see everything I had been reading and saying coming true. + +I will hold for him and to make the world better. I was excited for the possibility for him to retire and not stress but alas things don’t always go how you plan and if this doesn’t pan out like we think then so be it but I will continue to strive for accountability and true personal freedom. + +This community has been the closest thing I have had through a terrible year, this isn’t a karma farm or anything I honestly don’t care I just miss my dad and was glad he had become an ape in the end. + +I love you dad. +u/Daddy_Silverback was unable to post due to karma requirements, so posting on their behalf. All credit where credit is due. + +I present to you what I believe to be concrete evidence of fraud by the DTCC and a case for how this fraud directly prevented the MOASS and how it benefits the DTCC and its members. I also present a case for why the processing method of the splividend matters and it is not what you might think. + +Disclaimer: + +\*This entire post is simply my opinion. I am not a financial advisor. I am not purporting any of this to be true or factual (the onus is on you, the reader to verify but I try to provide sources when possible). I am not making any defamatory statements about the DTCC or its members as this is simply speculation based on available evidence. Additionally, I snort red crayons only as I believe this means less red crayons on the GME chart so you absolutely should not use anything I say to inform your investment decisions. I am long on both GME and BBBY but mainly GME.\* + +Introduction to SFTs + +The DTCC (specifically the NSCC) offers a central clearing service for Security Financing Transactions or SFTs. SFTs are a type of securities lending transaction (a way to borrow stock). Technically, SFTs encompass multiple types of lending transactions. The DTCC Learning Center provides a brief overview of the service – follow the link I’ve included below to learn more. Unfortunately, there is very little publicly available data on SFT clearing, similar to what we see with the Obligation Warehouse. In my opinion, SFTs are a **CRITICAL** piece of this puzzle that I have yet to see discussed on reddit (maybe I missed this). I believe SFTs are one of the main, if not THE main, tool being used to manage FTDs and avoid GME hitting RegSHO. Please keep in mind that due to the fungible nature of shares, the purpose of the settlement system (in the eyes of finance) is to move risk through a system and not to ensure 1:1 settlement and delivery. + +*Okay well that sounds complicated, what is an SFT in plain terms?* + +SFTs are a different way to borrow stock. They are overnight borrows of stock in exchange for money. Basically, they work like a reverse repo (RRP) but for equities and other securities instead of treasuries. A borrower posts cash collateral and receives securities (such as GME shares) in return. Like RRP, SFTs are overnight transactions and need to be rolled forward each day. This means new rates are calculated and paid daily. + +*What’s the point? Just sounds like more borrowing.* + +First, let’s take a moment to summarize a few key aspects of the GME situation. As I wrote about in a previous post, everything revolves around the concept of netting. Particularly pertinent to GME is the DTCC’s Continuous Net System (CNS). This is the central DTCC system which calculates a single obligation for each security after netting all CNS-eligible (which is most trades in stocks, options, MBS, Fixed Income, etc.) obligations resulting from trading each day. The result is each member (banks/brokers) either receives or must deliver shares that day. After this, each member can fulfill obligations by marking shares from their accounts for delivery, failing to deliver, borrowing shares then delivering borrows shares to kick the can, or use some other means of dealing with the obligation so as to meet overall DTCC master margin requirements, Regulation T requirements, and Net Capital Requirements. Due to multilateral netting agreements, swaps, options, swaptions, and other instruments can be used to net against delivery obligations. There have been a plethora of excellent DD pieces written that explore all of these topics in detail and show how they are used to avoid FTDs. + +All the methods for dealing with delivery obligation described above are within the confines of the CNS. Importantly, there are at least two ways to get delivery obligations OUT of the CNS and reduce CNS delivery obligations to make it easier to net against shares owed. One of these is the Obligations Warehouse which has been covered in other DD pieces, including by Dr. Trimbath, yet still remains mysterious. The second way to get delivery obligations out of the CNS is through SFTs. I have yet to see this explored so I felt compelled to share my understanding and thoughts. I don’t know about you, but it is INCREDIBLY ALARMING to me that there are ways to move delivery obligations out of the CNS. In my opinion that seems counter-intuitive to promoting timely delivery of securities. Although from the perspective of reducing systemic risk by literally moving risk out of the main settlement system and providing alternate pathways to move risk through the overall system, it makes perfect sense as it makes it much more difficult for the DTCC (or any member thereof) to get stuck holding any bags. + +&#x200B; + +[\(For reference, I’ve included a diagram of what the settlement process looks like from when you place a trade through a broker to when the trade settles. SFTs are not included but they would be just like the OW. From: https:\/\/dtcclearning.com\/products-and-services\/equities-clearing.html#nscctradeflow\)](https://preview.redd.it/93cjzy3tfpf91.png?width=624&format=png&auto=webp&s=aa3cf1e9e987f943491e5158dc199b707a536279) + +Let’s see what the DTCC/NSCC says about SFTs: + +(See: [https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html](https://dtcclearning.com/products-and-services/equities-clearing/sft-clearing.html)) + +&#x200B; + +https://preview.redd.it/6dnqzyjwfpf91.png?width=361&format=png&auto=webp&s=efd082588aa199a58be6532ec7a0c77d96d03cd8 + +&#x200B; + +https://preview.redd.it/iugwje7xfpf91.png?width=362&format=png&auto=webp&s=d551e7a54f963351851f68d029d48a9c0d0788a4 + +Wait a minute… + +&#x200B; + +https://preview.redd.it/t8d77b3yfpf91.png?width=621&format=png&auto=webp&s=dca5eaf49a900206ab5c48b911e179d828659c4f + +What the absolute fuck… + +&#x200B; + +https://preview.redd.it/rah8q16zfpf91.png?width=619&format=png&auto=webp&s=64ea76b2c3ae7cff8d66634c14862fae8e3378a3 + +(Source: [https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf](https://www.dtcc.com/-/media/Files/Downloads/Clearing-Services/SFT-Clearing-Service-Fact-Sheet.pdf)) + +Just so we are clear – ALD or Agency Lending Disclosure is a set of rules requiring reporting of securities lending including ensuring borrowers and lenders stay within regulatory capital constraints. This also is how the locate requirement works ([https://globalriskconsult.com/blog/agency-lending-disclosure-requirements-explained/](https://globalriskconsult.com/blog/agency-lending-disclosure-requirements-explained/)) See snippets below. + +&#x200B; + +https://preview.redd.it/mqypnwl0gpf91.png?width=567&format=png&auto=webp&s=3994b6b94d1f358b5dbf14dbaff049b0b51f0900 + +&#x200B; + +https://preview.redd.it/63rdrvc1gpf91.png?width=567&format=png&auto=webp&s=674dcc84892165d0301cec7119babf109af989fb + +(See: [https://www.finra.org/rules-guidance/notices/05-45#:\~:text=The%20purpose%20of%20the%20Agency,in%20agency%20securities%20lending%20activities](https://www.finra.org/rules-guidance/notices/05-45#:~:text=The%20purpose%20of%20the%20Agency,in%20agency%20securities%20lending%20activities).) + +Here is a brief background on the intention of ALD. + +&#x200B; + +https://preview.redd.it/06287vg2gpf91.png?width=624&format=png&auto=webp&s=2e79195ff0270a7934dd0536dd658c2543d7a177 + +(Sources: [https://www.sifma.org/resources/general/agency-lending-disclosure/](https://www.sifma.org/resources/general/agency-lending-disclosure/) [https://www.sifma.org/wp-content/uploads/2017/08/Agency-Lending-Disclosure\_A-Z-Guide\_The-A-Z-Guide-to-ALD.doc](https://www.sifma.org/wp-content/uploads/2017/08/Agency-Lending-Disclosure_A-Z-Guide_The-A-Z-Guide-to-ALD.doc) ) + +The NSCC freely admits that SFTs can and are used to fulfil FTDs (Why an overnight stock loan is allowed to be used to satisfy a delivery obligation is beyond me…). What’s more? They provide liquidity! How absolutely wonderful! If you are a Broker Dealer like CitSec, you can now make liquidity dirt cheap by borrowing through SFTs, dumping borrowed shares on the market, and each day roll existing SFTs and open new ones for the tiny cost of the SFT transaction. This cost is specifically called a price differential (PD) and is calculated each day for rolling/novating/opening new SFTs. This is typically the difference in share price each day. Just like any other shorting, you get the money when you sell the shares so this is much cheaper than the price of a share or paying high borrow fees. Isn’t liquidity just magical! + +&#x200B; + +https://preview.redd.it/k5j08ga3gpf91.png?width=621&format=png&auto=webp&s=0e9504cab08854d54efd236980a1de27f7164f94 + +(Source: [https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-94694.pdf)) + +Quick Recap + +· SFTs are a new way to borrow stock. + +· By borrowing stock through SFTs a firm can completely avoid important reporting and locating requirements as well as rules regarding credit risk. + +· SFTs provide an avenue for taking delivery obligations out of the CNS (Separate DTCC/NSCC account but still is netted for net capital purposes, obligations, and master margin. + +· SFTs are used to cover FTDs and provide liquidity. + +· Prior to this June SFTs were cleared outside of the NSCC but SR-NSCC-2022-03 now allows NSCC to clear SFTs through their central SFT Clearing Service. This makes the entire SFT process and netting much easier/streamlined as it all occurs through DTCC subsidiaries. ([https://finadium.com/dtcc-receives-sec-approval-to-launch-nscc-sft-ccp-services/](https://finadium.com/dtcc-receives-sec-approval-to-launch-nscc-sft-ccp-services/)) + +Summary of SFT Usage for FTDs + +1. DTCC members (firms) avoid FTDs in the CNS through netting against derivatives such as options and swaps due to multilateral netting agreements. This can be a capital-intensive process and eventually has limits. +2. FTDs begin to pile up as a firm nears its capacity to net against delivery obligations in the CNS (or nears its net capital or margin requirements). +3. To alleviate some of this pressure (read: risk) a firm opens SFTs and delivers the borrowed shares. Now, they have a delivery obligation for the next day to fulfill their SFT as they are overnight transactions. It is important to note that the existing delivery obligation in the CNS has now been fulfilled/closed out. Now, the firm has a delivery obligation OUTSIDE of the CNS through the NSCC SFT Clearing Service. (More about delivery obligations: [https://dtcclearning.com/products-and-services/settlement/deliver-orders.html](https://dtcclearning.com/products-and-services/settlement/deliver-orders.html)) +4. The next day the same number of shares are due, this time to the SFT counterparty. Firms simply roll their SFTs. Basically, this is opening a new SFT and delivering the borrowed shares to fulfill the delivery obligation from the previous SFT. The NSCC simplifies this process by simply charging the firm the difference in share price from day to day (this is called a mark-to-market charge or sometimes price differential) to roll existing SFTs instead of opening new positions. The cost to roll SFTs is trivial compared to borrowing stock through traditional stock loan programs as it is essentially interest-free (2% excess margin posted but that is still owned by the firm not owed). If liquidity is needed one can simply open more SFTs and sell the borrowed stock, collect the cash, and simply roll the SFT indefinitely. **This is a new/alternate form of shorting.** +5. The best part (from a firm’s perspective) of the whole thing is that all of that occurs outside of the CNS. This means **no CNS fails when shorting through SFTs** (what is tracked and reported to SEC – literally read the filename CNS fails). Furthermore, this alleviates the pressure on the firm for CNS clearing and now the firm has much more free capital and a larger buffer for CNS netting. +6. The firm just continues happily rolling SFTs until the end of time or until they short it down and close out SFTs. + +An interesting thing to note about SFTs is that the NSCC requires collateral posted as a mix of cash and Treasury Securities. This means that firms using SFTs must borrow or otherwise have treasuries to post as collateral. + +&#x200B; + +[\(Sources: https:\/\/www.sec.gov\/rules\/sro\/nscc\/2022\/34-95011.pdf\)](https://preview.redd.it/vxq3xjg5gpf91.png?width=624&format=png&auto=webp&s=eab55e01f873bc1227c4a8e3c1b90d3017b37e28) + +&#x200B; + +Enter GameStop with the GameStopper + +While SFTs sound better to a short firm than coke to a fratboy, GameStop just put a stop to the party through something called an Unsupported Corporate Action. This should have nuked any short firm using SFTs without a single possibility of escape. Clearly this did not happen which leads us to the smoking gun. To better understand this, read this walkthrough of what happens to SFTs in the event of a corporate action. Everything below comes from the DTCC SFT Clearing Services Guide linked to me by a kind ape. I highly recommend looking through this as I believe it explains much more of what we are seeing than what I address here: e.g. look at the different timelines for intraday events then look at what happens each day at those times on the chart. (You can find that here: [https://pdfhost.io/v/UPUCBW.4d\_](https://pdfhost.io/v/UPUCBW.4d_)) + +&#x200B; + +https://preview.redd.it/kwrx7xx7gpf91.png?width=624&format=png&auto=webp&s=880738c979a968ac267c5c4eb1e9e79bd9435112 + +The important takeaway here is that SFTs are exited (read: force-closed) in the event of an unsupported corporate action. Yes, every single SFT needs to be closed, no matter how long it has been rolled for. Here is a bit more information on what that process looks like. You can read more about the exact timeline and mechanics of how an NSCC Exit (and a lender recall) are executed in the SFT guide. + +&#x200B; + +https://preview.redd.it/1zg10js8gpf91.png?width=624&format=png&auto=webp&s=cf924413950d9511264e662d5792cdc2d023f8cb + +This is the real reason that the distinction between the GME splividend being processed as a stock split or a stock dividend is so important. Almost every single post I have read about this has missed the mark and misunderstood netting/settlement/depositories in general. Brokers aren’t involved – it doesn’t really matter how the brokers processed it (other than for tax purposes or for beneficial ownership/legal reasons – i.e. German law) as THE ONLY DELIVERY OF SHARES THAT OCCURS IS FROM COMPUTERSHARE TO DRS APES AND THE DTCC. Once in the DTCC, the new shares are processed internally and allocated to member accounts as described in the NSCC rules. Since member account allocations are all on a net basis, and splitting doesn’t change netting even if issued through divi, this is a moot point. The DTCC doesn’t actually deliver anything to anybody. However, this is of the utmost importance as a stock dividend is considered an unsupported corporate action for the purposes of SFTs. This means that the GME splividend should have forced all outstanding SFTs to close and block new SFTs from opening for several days. Due to this delay and inability to use SFTs to net against a sudden mountain of FTDs resulting from moving the SFT delivery obligations back into CNS, GME should have hit the RegSHO threshold list within 2 weeks following the 18th. + +Clearly it did not which presents two possibilities; Either I am wrong about SFTs being the main mechanism by which GME has been controlled (I don’t think so as all of the evidence, including the NSCC’s own words, support this) or the DTCC/NSCC processed it as a normal Stock Split which is a supported corporate action which allows SFTs to continue rolling. Yesterday someone finally posted the exact proof I needed to definitively say that it was processed incorrectly and that SFTs were NOT forced to close via NSCC Exit as they should have been. + +&#x200B; + +https://preview.redd.it/jixa66n9gpf91.png?width=624&format=png&auto=webp&s=dc2b43aa9ffe24821656e233806280352f31293b + +(Source: [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/)) + +The only thing important in this entire page (yes, ignore the words that say Stock Split, they are noise) is the box that says “FC”. Specifically, it says FC 02. FC stands for Function Code 02, an NSCC processing code used for SFTs and other NSCC services. Let’s compare this to the supported actions list for SFT Clearing: + +&#x200B; + +https://preview.redd.it/dngemxhagpf91.png?width=624&format=png&auto=webp&s=e75e3baf0ea1ccec36f163f47b55a0569e8d0340 + +Indeed, for the purposes of SFT financing, GME was processed as a Forward Stock Split (code 02) and thus considered a supported corporate action. As stated above, all other corporate actions, including a stock dividend, are unsupported and will require NSCC Exit of all SFTs. To be absolutely certain, lets make sure a stock dividend is indeed considered a separate corporate action by the NSCC and has a unique function code that is not included in the above table. + +&#x200B; + +https://preview.redd.it/kwwyp99bgpf91.png?width=624&format=png&auto=webp&s=47db93ef92d45bf9e5ae70be0babe9071ade38f5 + +(Source: EVENTS tab of [https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/2021/Corporate-Action-Announcements-Data-Dictionary-SR2021.xlsx](https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/2021/Corporate-Action-Announcements-Data-Dictionary-SR2021.xlsx)) + +Yes, indeed a Stock Dividend (FC-06) is considered a separate corporate action than a stock split (FC-02) by the NSCC/DTCC. As we don’t see code 06 in the previous table, a Stock Dividend is an unsupported corporate action. + +By incorrectly processing the GME splividend as FC-02 (Forward Stock Split), the DTCC/NSCC have avoided the instant catastrophic failure that would come from an NSCC Exit of all outstanding SFTs for GME. I don’t know what the DTCC/NSCC leadership (looking at you Michael Bodson) was thinking, or if they were even aware, but I believe this is clear, documented evidence of fraud, including the specific mechanism by which the fraud occurred along with the relevant records, a direct material gain by the DTCC/NSCC, and financial damages to GME and GME stockholders and BOs. This seems to satisfy the three main elements of fraud: + +· A material false statement made with an intent to deceive: The document stating that the GME corporate action was an FC-02 Stock Split which purports that GME is undergoing a corporate action which they did not announce (they specified the method of processing in their SEC filing to be a dividend: [https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8](https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8)). This has material impact as it determines whether SFTs must exit. + +· A victim’s reliance on the statement: Brokers relied on the statement and issued subsequent misleading statements to their customers, and likely had incorrect bookkeeping due to accounting differences between a split and dividend. + +· Damages: Regardless of how large or small, SFT closure would have resulted in some degree of buying pressure and thus price appreciation, even if the MOASS thesis was wrong (which it is not). Thus, this fraud does not depend on convincing regulators or anyone of MOASS. Additionally, IANAL so it probably isn’t a thing, but it could result in reputational damages for brokers which could cause them to lose customers and income. + +(Source: [https://www.journalofaccountancy.com/issues/2004/oct/basiclegalconcepts.html](https://www.journalofaccountancy.com/issues/2004/oct/basiclegalconcepts.html)) + +TA:DR + +· Securities Financing Transactions (SFTs) are an alternative way to fulfill FTDs, short, and free up capital in the CNS. + +· I presented a case for why I believe SFTs are one of, if not THE, main mechanism by which GME is being controlled and shorts have avoided delivery. + +· Processing the splividend as a Forward Stock Split (FC-02) vs. a Stock Dividend (FC-06) is a critical distinction as all outstanding SFTs have to be closed in the event of FC-06 but not FC-02. We now have clear evidence that the splividend was processed as a Forward Stock Split (FC-02). + +· I presented a case for why this qualifies as fraud. + +What happens from here? + +I have absolutely no idea what comes next or what can be done about this. It would be very nice if GameStop and Loopring would hurry up and put us on a DEX but that is pure speculation and hope on my part. I wish the DOJ/FBI/SEC would do something but I have a feeling they are too busy watching porn. This seems to be clear fraud that would be a slam-dunk for the DOJ/FBI as the case wouldn’t require proving anything related to naked shorting, MOASS, etc. + +In my opinion, the single most important thing to do is DRS every single outstanding share and then some to finally end this. After seeing such blatant fraud I don't know why anyone would want to keep their shares in a broker (DTCC member). + +&#x200B; + + + +Most recent EDIT: as per [u/daddy-silverback](https://www.reddit.com/u/daddy-silverback/) + +Thank you for all of the great discussion on the topics covered in this post and for all of the feedback and support. I need to sleep soon but will do my best to finish addressing replies/comments tomorrow. + +I need to make one thing absolutely clear: + +As far as I know, Dr. Trimbath has never posted to reddit, or been involved with reddit communities. + +My wording regarding DD on the Obligation Warehouse in my post came across to some as implying Dr. Trimbath had posted DD on reddit. This is not at all what I meant!!! I used DD as a blanket term to cover any type of research on the market. Dr. Trimbath has mentioned the Obligation Warehouse in her book Naked, Short, and Greedy ([https://books.google.com/books?id=klnlDwAAQBAJ&pg=PA281&lpg=PA281&dq=susanne+trimbath+%22obligation+warehouse%22&source=bl&ots=ifK6N74m-f&sig=ACfU3U3Z-sp\_ZjEsh320zmZ9rW8PebnDGQ&hl=en&sa=X&ved=2ahUKEwjp6d\_D5a75AhU6M1kFHfqjAiUQ6AF6BAgCEAM#v=onepage&q=susanne%20trimbath%20%22obligation%20warehouse%22&f=false](https://books.google.com/books?id=klnlDwAAQBAJ&pg=PA281&lpg=PA281&dq=susanne+trimbath+%22obligation+warehouse%22&source=bl&ots=ifK6N74m-f&sig=ACfU3U3Z-sp_ZjEsh320zmZ9rW8PebnDGQ&hl=en&sa=X&ved=2ahUKEwjp6d_D5a75AhU6M1kFHfqjAiUQ6AF6BAgCEAM#v=onepage&q=susanne%20trimbath%20%22obligation%20warehouse%22&f=false)). That is what I meant by "including by Dr. Trimbath". Reading it now, I completely understand how it comes across. + +For Dr. Trimbath's own words/thoughts on NSCC SFT clearing: [https://twitter.com/SusanneTrimbath/status/1466900278318227463](https://twitter.com/SusanneTrimbath/status/1466900278318227463) + +Thank you to those who alerted me to the problem and linked Dr. Trimbath's twitter post as I don't have twitter. + +@ Dr. Trimbath: I apologize for using your name in my post in any way that implied affiliation with reddit or implied support of anything I wrote. I have great respect for your work and did not mean to cause you trouble. + +See here: [https://twitter.com/SusanneTrimbath/status/1555371895725461504?t=H5h4oiErcPR3sP3dgLFf1g&s=19](https://twitter.com/SusanneTrimbath/status/1555371895725461504?t=H5h4oiErcPR3sP3dgLFf1g&s=19) + +TY all!💎👊 Power to the players😻🤓let's go🐈 +So there's a guy in Pennsylvania who was born on the same day as me with my name. I originally found out about it after being denied a job because of "criminal activity" that was resolved after I disputed it with the third party company that did the background check. Within a few hours I had gotten ahold of the court that booked him and got supporting documentation to prove his middle name and SSN were different. They fixed it after a delay and I got the job. + +Fast forward to now, and I'm applying for an apartment. I was denied for the same reasons. The guy has since run up quite the arrest report collection. I told the leasing company and they reran my report using more information and it didn't help, I kept getting pinged for them. Then I disputed it with the company (CoreLogic) and after 24 days they gave me my results. They deleted about *HALF* of the 10 or so reports on my record. All of the reports are from the same county though. But because of the results not completely being removed from my report, I am being denied the apartment. If I can prove it wasn't me, but the courts won't go as far as to verify it, what are my options? Do I threaten to sue CoreLogic for operating in bad faith? The courts won't deal with me directly, nor will CoreLogic do anything for me but say "file a dispute and if the courts verify it wasn't you we'll take it off your report." I have less than a month to find a new apartment and all of this is really making me worried that I'm about to be living in a hotel.. + +tl;dr some guy didn't steal my identity per se, but he's still impacting my ability to pass background checks because the courts don't verify anything beyond first name, last name, and DOB + +**edit 1:** okay.. so, I've gotten a lot of great responses about where to go from here. I'm on the road for work currently, so I have to get to sleep, but tomorrow morning I'm going to wake up and listen to a few hours of hold music. I'll give an update after I talk to CoreLogic, my attorney(s), and the leasing agency. Best case scenario, they say, "oh my god, we were so wrong! We'll fix it and send you a fruit basket for your trouble." The realistic response will probably be more along the lines of, "We can't change it until the record is changed and we have 30 days to change it if that comes to be.." as that's what I got before. + +**Update 1:** I just spent the better part of three hours dealing with the credit bureaus, background check company, my prospective leasing agency's corporate office, and the clerk of courts. Not too much has changed with the exception that I got my hands on the public records from that county. It's worse than I expected. Some of the dockets only have FN, LN, & DOB. So the ones with no middle name are still being pinged to me, regardless of the fact that the other cases show that this guy with my name have a different middle name on them with the same DOB. Also, they said that they have an address on file that matched the PA one with the court cases. Well, I explained to them the circular reasoning that the address they have was obtained in error because they obtained it based on FN, LN, DOB from the court cases and there was a long silence, then they put me on with a supervisor who was also useless. BUT now it's being "escalated". From where I stand, it's impossible to prove via documentation to them that this person isn't me because they didn't put any information in the dockets other than the FN, LN, DOB!! It's just turtles all the way down with these people. My leasing office understands and is being patient. I'm going to turn to the Attorney General of PA next to see if I can have those records clarified by having them supersede them with more information for future references. + +Also, I don't think I can just change my name and make this go away. I'd still have to provide my previous name(s)/aliases in the future. So I have to get this removed from my credit history and criminal history head on. Also, I'm an airline pilot so I have to maintain a positive training history with FAA. So if I changed my name, I'd have to go back and get those records all changed with my previous employers apparently. It may be more than just a simple form in my local courthouse. + +**Quick aside: *No, friends. I'm not going to have him killed. Though I'm sure you guys meant well and everything.*** + +**Update 2:** The corporate office of the apartment building did a little digging and decided that despite the CoreLogic & credit check, they're going to override and approve us for the apartment. I'm still going to have to dig in and get these records either clarified with more identifying information, or removed. I'm sure this won't be the last of my troubles with this guy. I'll update again after I talk to the Attorney General's office tomorrow. + +**Update 3:** So it took some doing but CoreLogic removed those items from my report. PA uses public records, so I was able to get ahold of the Clerk of Court and have her pull up anything related to my first and last name. She eventually directed me to a public records portal and I was able to access the dockets and match them to the 4 items that were marked "verified as reported" on my dispute results. Some of them didn't contain anything more than FN, LM, DOB. There's no imperative for them to use anything more than that, and anyone can seemingly tell them anything they want if they don't have an ID upon their arrest. The records were right next to other dockets that referenced other dockets and court summaries that DID contain a middle name. I was able to follow a paper trail and show that at some point the defendant was referenced with his different middle name. + +**Here's the rub. Corelogic may have fixed my consumer report but it's going to keep happening to me. The advice I got from an attorney is to have them ship me a hard copy of those results. Copy those and store them onto a cloud server somewhere that I can get to them any time I need them. Then the next time this comes up, show the results to the party or better yet, show them when I apply for anything that requires a background check. And hope he gets his shit together, of course.** +Some famous users have probably been on the HF payroll FROM THE START. They are waiting to backstab apes at key moments during the squeeze. + +Some of you might have read the mod throwawaythisaccounts rant post on r/GME which also suggests something like this happening with the trusted figures that are now on other subs (of course he could be on HF side too, don't trust any individual other than DFV). + +Trust the underlying DD, decentralized information and every individual ape making their own decisions and HODLing. + +Not financial advice. + + +Edit: don't trust anybody specific user even if they claim they were contacted by hf people. It's easy to falsely claim this to gain trust. And while I think they truly are trying to buy apes to drive hedgie cause, the hf moles will of course also tell they were contacted too (by their friends). +We all know that jobs such as investment banking, medicine and corporate law rake in the dough, but the hours, stress and effort required to reach and maintain those high positions can often be prohibitively high. + +With that in mind, what jobs do you think offer the best ratio of hours worked (or effort/stress expended) to total renumeration? +I ask because of the constant ‘don’t time the market’ refrain on this sub. If you’re planning on retiring in 5, 10 or 15 years - perhaps worrying about an upcoming crash isn’t all that stupid… + +So, for people with time horizons of 10 years or less, how do you decide whether or not to invest at when the current fundamentals are so inflated? +After Covid, banks are relying on technology to lend at scale. And this is where credit scores and credit history come into play. It allows banks to judge a customer’s creditworthiness quickly. So I came up with this an article on why you need to generate and maintain a credit score for yourself [here](https://www.reddit.com/r/IndiaInvestments/comments/ku6q6u/credit_card_experiment_how_to_use_credit_cards_to/?utm_source=share&utm_medium=web2x&context=3). + +&#x200B; + +The main reason I shared that article was that my friend was unable to get a loan during Covid when his salary was cut in half from 40k to 20k. (The threshold for personal loans was 20k and he did not have a CIBIL score). + +I helped him out myself and also set him up with a FD backed credit card so he won't have to worry about this in future. I'm glad to report that my experiment [succeeded](https://imgur.com/d5HBcGG) as he is now eligible for a 2 lac loan for a 5 year period (probably 10x the salary getting credited to his account). + +&#x200B; + +At the time, I gave a small brief on ways to improve it. I have now made an [entire article](https://sikkanam.com/factors-affecting-your-cibil-score/) about it on my site and am reposting it here for your benefit (since my last one was well received on this sub). + +&#x200B; + +## Factors affecting your CIBIL score + +## 1. On-time payments + +This is the most important factor. Make sure you pay your loan EMIs on or before the due date. This will remain on your record for up to 3 years and your CIBIL score will recover slowly over the period. + +From my lending experience, the most common way people screw up their credit scores is when they dispute a charge (typically annual fees) and don’t pay it. This ends up being reported to CIBIL as a default and their scores drop to 600-650 range. It is better to pay it and dispute the charge with the banks and get a refund later. + +&#x200B; + +## 2. Secured vs Unsecured + +When you get a loan by pledging something you own, it is called a secured loan. The pledged asset is called a security. CIBIL scores increase faster with secured loans because you are more likely to repay your loan to get your security back. + +&#x200B; + +Gold loans, Home loans, Loan against property, Loan against shares, Overdraft against Fixed deposits are examples of secured loans. + +Credit card and personal loans are the most common unsecured loans. + +&#x200B; + +You can still build up a credit score with unsecured loans, but in my experience, I have seen only people who have taken secured loans breach the 800 score. It doesn’t mean it is impossible to get there with unsecured loans, but the time frame will likely be a lot longer. + +&#x200B; + +## 3. Age of Loans + +If you have taken a loan or credit card only recently, CIBIL has less data to go on. So the longer you have a track record of on-time repayment, the better your score will be. Also if you close your oldest credit card/loan that you had for (say) 5 years after getting a new one, you might see a dip in your credit score. + +This is because CIBIL will compute your score considering the history of credit based on the oldest loan you have taken. However, this is not to worry as the drop will likely be 10-20 points which can be built back over time. + +&#x200B; + +## 4. Multiple loan enquiries + +Whenever you get a new card/loan, your CIBIL score drops by 5-10 points when it gets disbursed/approved. Your CIBIL score also drops when you apply for credit multiple times. This is because CIBIL considers this as a sign that you are trying for credit but you keep getting rejected because the lender does not consider you to be creditworthy. + +The process of applying for a credit card/loan alone doesn’t make the credit score drop. This is because lenders initially do a ‘soft’ pull. I.e. they make an enquiry for a loan of ₹ 1000. This doesn’t affect your score. At this point, your CIBIL report shows a enquiry for ₹ 1,000. + +Once the loan is approved, the lender makes a ‘hard’ pull, i.e. the lender reports that you have applied for and informs CIBIL of the full loan amount that you have applied for. At this point, your CIBIL score would drop by 5-10 points and would gradually increase back again with on-time payments. + +However, if there are multiple enquiries for a loan of ₹ 1,000 then your score might dip by 5-10 points for each successive enquiry itself. + +&#x200B; + +## 5. Utilization of your limits + +CIBIL prefers that you use only up to 30% of your credit card limit. The reasoning here is that if you carry a huge balance on your credit card every month, you are spending a lot and are more likely to default on a payment. + +&#x200B; + +I've summarized everything in an [infographic](https://sikkanam.com/content/images/2021/05/cibil-infographic.png) for easy sharing. + +&#x200B; + +## FAQ + +## What is a Credit score? + +TransUnion CIBIL is a credit information company that gets your loan repayment history from banks and creates a score based on certain factors. Banks buy this score from CIBIL to see your creditworthiness. Higher the score, better the chances of getting a loan approved. Conversely, a lower score indicates that the borrower is more likely to default and will have less chances of getting approved.CIBIL score ranges from 300-900. There are also some special scores which I'll explain below. + +&#x200B; + +|Score|Meaning| +|:-|:-| +|0|You have never taken a loan in your life| +|\-1|Your credit history is less than 6 months (or) you had taken loans earlier but it is closed now and it has been more than 6 months since you are debt-free| + +&#x200B; + +The following table describes the credit scores of borrowers who have been sanctioned loans in the recent past. As you can see, bulk of the bank money has been going to borrowers with great CIBIL scores. [\[Source: CIBIL website\]](https://www.cibil.com/resources/docs/faqcs.pdf) + +|CIBIL score|%| +|:-|:-| +|\>=800|57.6%| +|750-799|22.8%| +|700-749|9.7%| +|650-699|5.2%| +|<650|4.7%| + +&#x200B; + +# Why do you need a good credit score? + +* Cheaper loan interest rates allow you to repay faster +* Loan applications are processed faster +* Cost of education is rising by 10-12%(approx) every year. A good credit score can make that education loan for a bachelors’ /master’s degree possible. +* Companies look at CIBIL scores of their applicants (especially in the finance/fin-tech industry). Low/bad scores have been grounds to reject an applicant. + +&#x200B; + +## How to generate a CIBIL score if you don't have a source of income? + +I wrote about it earlier [here](https://sikkanam.com/use-credit-cards-to-improve-cibil-score-get-cheaper-loans/). + +&#x200B; + +## Does CIBIL determine my credit utilization based on my credit card bill amount? + +No. CIBIL gets your outstanding from the credit card company once a month on any random day. So it is important to note that 30% means the day end outstanding on your credit card on any given day and not the bill amount for that month. + +&#x200B; + +## But I have a low credit limit on my credit card and my purchases will inevitably be more than 30% each month… + +You can ask for a credit limit upgrade (after 6 months to a year) if you have been paying on-time. If that is denied, whenever you make a purchase that exceeds 30% of your limits, you can pay off a portion of your credit card outstanding to bring it under 30%. While this has a low impact anyway, (about 5-20 points might be deducted for high utilization) it might make a difference to some. + +**Note:** The movement of CIBIL score increases are based on my observations from my experiments and also from work experience. YMMV. + +&#x200B; + +# Where can I check my CIBIL score? + +It is worth noting that you do not need to check it often or pay for it. Just follow the rules and you should be good to go. + +* Free - OneScore app suggested by u/EwanChatty +* Free - [HDFC](https://www.hdfcbank.com/personal/pay/payment-solutions/loan-repayment/check-your-free-cibil-score) (once a month) suggested by u/Strawberrylabs +* Free - PayTM suggested by u/combatant007 +* Free - CIBIL website (one free check - However, they spam you with loan offers afterwards) +* Free - Some premium segment of banks offer free CIBIL checks online +* Paid - CIBIL wesbite, 800 for 6 months, 1200 for a year. + +Note: CRED doesn't offer CIBIL score checks. They use Experian and CRIF scores (which are competitors to CIBIL) but AFAIK, they are used by no major bank. +Just yesterday, I awoke to around 250 members in this sub. I was excited to keep working with r/GME for the foreseeable future. And look what happened... This is incredible. + +First, I am very flattered that this subreddit has become the apes' new home. Originally, this was a fun little side sub while I gave my primary focus to r/GME. It's only about three weeks old, and until the past few days it was primarily populated by pet photos, memes, and Spotify playlists. It wasn't much, but it was a place to be free; to be goofy and weird; and to be serious if we wanted to be. + +Second, this sub kind of EXPLODED so I'd like to be very transparent about what we've done but please keep in mind it's been very, very crazy. Not everything is in its perfect place but we are working daily to bring as much content to you as possible. + +# Introducing our kick-off mod team: + +* u/redchessqueen99 \- admin, Wiki editor, ex-mod of r/GME +* u/rensole \- DD review, Morning News, ex-mod of r/GME +* u/TomatoeHaven \- og mod pre-*Second Great Ape Migration a.k.a. The Apexodus* +* u/DJ_Scoop \- TBD +* u/StonkU2 \- TBD +* u/Bye_Triangle \- Wiki editor, author of [**GME M.O.A.S.S. F.A.Q.**](https://www.reddit.com/r/GME/comments/m4hqkc/gme_moass_faq/) +* u/HeyItsPixel \- DD review, DD author +* u/WardenElite \- DD review, live charting +* u/SuperstonkBot \- Anonymous DD Post-Bot (see below) + +All mods are starting with a mild limit to their permissions that prevents any surprise adjustments to the critical sub settings. u/rensole and I have personally been in chat with each of these individuals setting expectations, suggestions, and sharing experiences. I invite them to leave comments about their honest impression of how things are going so far. + +# Mod Organization + +However, u/rensole and myself have full permissions and we will be operating as a co-unit. I've found rensole to be extremely easy to work with, and we balance each other very well. He is one of the first people I met when I came back to reddit in late January and he's been my friend since. He has always shown himself to be an outstandingly reliable and honest person on top of a very wrinkly brained, diamond-handed ape. I am truly blessed to have been thrust onto this path alongside him and I am honored to have him as a moderator. + +If you are not familiar with how Reddit works, basically there's a mod structure and it's first come first serve. I am the admin of r/Superstonk and, after some quick mod uninvite/invite adjustments, u/rensole will be in the #2 seat. However, we plan to work as a team and create a system that allows not only constant communication and discussion between mods, including disagreements and debate, but also as much autonomy as we can, so that mods are not disabled from taking action when it is needed. + +This is still in development, but we are working on a private channel for posts, polls, reference items, and more, as well as a mod-only discord with several channels. + +In addition, we might do something mildly radical and invite MORE mods into the team, but at lower permission levels - and by "lower" I mean "only posts/comments" or "only wiki." This is still in the discussion stage and please know we may axe some of this if it has problems, but we want to basically allow more apes to contribute at a lower-intensity mod level. For example, we would have a team for reviewing DD and a team for moderating posts/comments. + +I am being as transparent as possible and inviting discussion for everything we do. I want a healthy mod team and we have several awesome mechanisms being currently setup to ensure 24/7 worldwide moderation of this sub. + +Feel free to share your thoughts in the comments for any of this. We're in a whole new sub now and we are getting very creative, so some things may stick and others may need revision. + +# SuperstonkBot + +Okay, I don't want to tease this too much but we are working on something kind of awesome. We have a very talented user (will reveal later) who is working on SuperstonkBot, which essentially lets people submit anonymous DD. + +Let me repeat that. + +**SuperstonkBot lets you submit anonymous DD** (mostly) + +That's right. + +When it's totally implemented and we are sure it works correctly, we will share all the details but here's the basics: + +1. A member submits a title / description through the bot +2. Our team of DD mods reviews the submissions which are kept anonymous, and accepts or declines each post. +3. Accepted posts are posted by SuperstonkBot to the sub with special bot-only flair, so you can use the filter to find all of them. + +*Dox that, Shitadel.* + +Currently, I am making sure the identities actually remain private, and that as a mod team we discuss the specifics of this to ensure it remains anonymous. When we're sure it's safe, we'll post more about it. Some of you have seen "test" posts and that's what this is. Let me know what you think in the comments. + +# Apes Together Strong + +I just like the stock and I diamond-heart 💙 you apes. Yesterday I walked away from r/GME thinking I'd settle down in my little sub and get back to my normal, boring life, and you followed me. I am truly honored and incessantly grateful. I am not used to nearly this much love, so thank you. + +My attitude: I want apes to be safe, connected, and informed. If that means we pre-launch party here, I am beyond honored; if that means we lambo over to somewhere else, I will follow you. I am ape first, mod second; and no matter the sub, I am honored to still be here with all of you. 💎🙌 hold. +I was discussing a problem with an engineering student and we realized a 'silly mistake' in a calculation. A measurement in mm was being added to some measures in cm without conversion. Any science student knows that the unit has to be the same before you do operations. + +Extend the same logic to time value of money. This concept tells us that Rs 1000 in 2021 is not the same as Rs 1000 in 2022. Just think that these are different units and can not be added. i.e Rs 100 in 2021 has the unit 2021-INR, Rs 100 in 2022 has the unit 2022-INR. You can not add these two without converting one or another. + +If you get this right, you have enough wisdom to say No to all those endowment plans that dangle things like 30 lac after 30 years. + +So what is the conversion to be applied? Technically a discounting rate has to be used. You can simply use a number like 6% or 7% - whatever you think is a 'safe return'. +yay + +Congrats boys and gals, you hodled, you deserve it! + +To all the newcomers, welcome to r/ethtrader, keep in mind that you can earn ERC-20 tokens called donuts for your contribution to the community. Be sure to check out more info through the official [Donut Dashboard](https://donut-dashboard.com/)! + +next stop? the moon! + +***Celebraaaaaaaaaaaaaate!*** +This thread will be automatically stickied weekdays at 8:30am, and unstickied at 9:15am. + +Megathreads are now posted automatically based on a few factors, including: + +* Mentions by comment count, weighted by comment novelty and score +* Accounts of users mentioning, weighted by age, posting history, and previous mod actions +* Stock volatility, volume, and market cap + +This isn't an exhaustive list, but to prevent this from being gamed, we cannot share the exact weightings or specifics. + +These megathreads exist to consolidate conversation about interesting topics and make things easily accessible and enjoyable for all. + +**Please do your part in making these threads decent. Don't troll. Don't spam. Don't spread divisiveness (calling others shills / bots).** +She just left to go stay at her sisters. She super mad that I didn't sell at 60k and looks at the price often scolding me. I keep telling her we don't need the money and have the cash. We live nice. However today she caught me buying the dip and was so pissed she almost hit me! Now she packed bags and went to her sisters to stay. She said not to talk to her. This is where I need help, where is a good place to pick up girls in my Lambo? +## Bingus built an animal shelter! + +Bingus has donated $5k USD to Angels in Wheelchairs based in São Paulo, Brazil! This sum will not just feed the animals, but will facilitate **a complete rebuild of the shelter**, giving top class housing for all the 36 dogs and more when needed. + +Find the full info [here](https://telegram.me/BingusNetworkOfficial/14852) + +## Launch + +**Bingus Network will launch exclusively on ApeSwap on August 30th!** + +ApeSwap are fast becoming the dominant swap protocol on BSC. Competition breeds innovation, and ApeSwap have proven they’re ready to take control from PancakeSwap and become a community favourite! + +## New Partnerships + +As well as being an ApeSwap exclusive launch Bingus Network is also featured on **MadLabs’ upcoming NFT project!** It’s a privilege to be chosen and supported by both communities! + +Bingus Network will now benefit from having expertise from MadLabs and ApeSwap on their advisory board. + +**Together with support from devs of Bogged Finance, RisingSun, and Olympus this will surely benefit the community, knowing we have the best minds on BSC supporting it!** + +## Whitepaper + +In typical Bingus fashion a lot of care, time and thought has been put into it. This isn’t your typical BSC copy and paste. It’s uniquely designed by some great graphic artists, written and proof read with great care, and a well constructed historical perspective of the achievements of Bingus to date! **Oh, and those insanely bullish custom crafted tokenomics!** + + +- - - - + +## Important Links + +**Make sure to drop by the Telegram for any questions, curiosities, or details you could need! It’s comfy and informative!** + +**Telegram:** https://telegram.me/BingusNetworkOfficial + +**Website:** https://bingus.io + +**Twitter:** https://twitter.com/bingus_network + +- - - - +So my question is now that US has announced $1200 checks for households to stimulate spending, what if the people getting these checks save this money (or stash it if long/short term interest rates go negative) instead of spending and helping the economy revive ? Will this worsen the situation? +The US Dollar, Euro, British Pound, Australian Dollar, Canadian Dollar, Singapore Dollar, and Swiss Franc all occupy a range in value from about $0.70 to $1.40 USD. + +Why are the values of these currencies so similar, and why do certain other currencies like the Yen and Rupee have values orders of magnitude less? +I posted here a few weeks ago about trying to afford an apartment. In my post, I mentioned I was a candidate for a much better paying job. + +I got said job. I got my first paycheck a week ago. + +Today, on my usual Aldi grocery store run, I saw a toy I had been wanting to buy for my child. If you know Aldi, you know these items are not consistent. I had been looking for months, and it - if it was even on special that week - was sold out. + +A few weeks ago, I would have picked up the toy, sighed, and stared at my cart - mentally calculating what I could put back to stay within my allotted budget for the week (usually $45) in order to buy this $12 toy. + +Today, I put it in my car. Just like that. I didn't even have to worry about the $12. + +I got to my car, and now I'm so overwhelmed with relief, I'm emotionally typing out this Reddit post. Because I just have to have some kind of pressure release. A lot of people don't understand what it's like to be working poor. Y'all do. You get why I'm overcome with tears. + +Just had to share. + +ETA: I was so excited about this damn toy I forgot to include - yes, I DID get approved for an apartment. One that the rent still leaves me enough money for cushion. I have money in savings now. I'm going to finally be getting ahead. + +EDIT 2: Holy cow this blew up! I really appreciate all the kind words. I've been struggling financially for quite some time due to my spouse's fiscal irresponsibility, Covid, and the wage gap in general. Any one else who is going through this, please - apply for the job you'd think you'd never get. The shortage is granting some opportunities that didn't exist even just a few years ago. Hugs to you all. We'll get through this. +I see people making DD posts on here all the time about the next big company and why they are poised to do so well in the future. All these posts always seem to ignore valuation and they rarely make an effort to justify the valuations of the companies they preach. It’s easy so say that a company will grow sales 25% year over year for the next decade, but if the company trades a 100x P/S then what good is it? The market has already priced in the high growth of these companies. You cannot make money betting on something already priced in. In order to think the stock is a good investment, you have to expect it to grow more than what the market currently expects. A lot of people don’t seem to make that connection. They just say “company do good = stock go up.” I have no doubt that all these hyper growth stocks like TSLA will be much larger in 10 years than they are today. That doesn’t make it a good investment because the market is already expecting absurdly high growth and so that is factored into the stock price. Many companies grew substantially over a certain period of time despite their stock suffering. An easy example is Microsoft in 1999. Was Microsoft a better company in 2009 than in 1999? Microsoft had revenue that was 3x higher in 2009 than in 1999. Despite this, the stock was down over 50% during that timeframe. The simple fact is that it doesn’t matter how great a company is if you overpay for that company. Keep that in mind the next time you are analyzing hyper growth stocks. +I would prefer not to get into personal details because it's quite painful, but I am a 29 year old who has inherited 4 condos in NYC and I'm not sure what to do. It has already been almost 2 years and I am finally trying to sort out how to move ahead into the future. + +Each condo is worth between 700k and 1.4 million. We had a property manager who is continuing to help me, since I actually live in Austin. Each condo has tenants and things in general run smoothly. I'm learning about cap rates and the cap rate is low-ish, around 2.4%, but I have nice tenants who earn high salaries so payment has never been an issue. I work a normal job in IT and make around 85k/year, I do not really know much about real estate or investing. + +The properties are all owned by an S-corporation, so I inherited the shares of the corporation that owns them. I've consulted a couple accountants and it seems that the issue is that if I sell the condos, the money is treated as income and not long term capital gains (because the corp sells them, then the money taken out is income to me) meaning that I would take very heavy tax hits on each property, maybe upwards of almost 40-45%. + +One accountant said that there might be a way to use the shares of the corp to balance off the tax hit from selling the condos, but we never went further with that idea. + +I guess I'm trying to ask for advice on how to proceed. What can be done with these properties that are locked into an S-Corp? Is the best move just to keep them and take the rental income? or is there a clearly better financial move that someone could take in this position? I guess I'm just wondering if anyone has any ideas or suggestions for me. Thank you. +Hey apes, Crux here. You may be familiar with the digging I've done on the Citadel Empire and the web of shit Ken Griffin has created, see my post history. + +I was reviewing another type of public document, UCC filings, and came across something interesting. UCC stands for the Uniform Commercial Code, and there are standard forms that get filed with each state. One of those is a UCC-1 financing statement. From [this article](https://www.wolterskluwer.com/en/expert-insights/what-is-a-ucc-filing): + +>A UCC-1 establishes you as a secured party. This means in the event the debtor goes bankrupt, you have a “place in line” so to speak when a court divides that debtor’s assets among creditors. If you are a secured creditor, you stand towards the front of the line (likely behind any government entity, such as the IRS). This means your chances of recovering all or at least some portion of your money or assets are much higher. If you have not filed a UCC-1, then you are considered unsecured, and as such, you are placed in the “back of the line,” behind the secured creditors. +> +>Secured creditors are taken care of first in the division of assets. Unsecured creditors are left to fight for whatever remains if anything. If you are unsecured, your chances of recovering your collateral are quite poor. + +Searching [New York's UCC filings database](https://appext20.dos.ny.gov/pls/ucc_public/web_search.main_frame) for "Citadel" (use the 'Other Debtor Search Options'), I found that several Citadel funds had financing statements filed by creditors in the 2008-2009 timeframe. What was happening then? Oh yeah, the financial crisis when Citadel almost went kaput. + +https://preview.redd.it/bnmgmjmwe1j81.png?width=1164&format=png&auto=webp&s=aaa01276c6f9b9959f6ef0e868995d40655cc0a0 + +Some of these docs are available online. They're just a few pages and don't contain specific dollar amounts, but they clearly shows Citadel's securities and other funds are being put up as collateral. + +https://preview.redd.it/l8290jptf1j81.png?width=700&format=png&auto=webp&s=cf1e03d19ddf34be781f9dfe0deb568b183b24dc + +https://preview.redd.it/qb12798vf1j81.png?width=887&format=png&auto=webp&s=9e026c3903e9f6c29352767a1d1cc4c4d5f149af + +So back in 2008-09 Nomura and Credit Suisse were providing financing to these Citadel funds. In 2011 Deutsche Bank did too. + +Now skip ahead and what do we see? + +https://preview.redd.it/6h7ilzvqe1j81.png?width=1171&format=png&auto=webp&s=6fd59c5ca6c0a86d7ce4bb20b575057471568186 + +Images of the documents are unfortunately not available on the web - I'm going to try and get them another way - but this clearly shows that some kind of financing has been extended to Citadel's Global Fixed Income funds by the Bank of New York Mellon and Mizuho Securities in the last six months. + +This, combined this with the recent restrictions around investor redemptions, shows that Citadel and Ken Griffin are under A LOT of pressure. No wonder it looks like Ken has aged 10 years in the last 1. + +That's all for now, see you apes on the moon. 🚀🦍💎🙌 +This week I paid ten dollars for 3-4 years worth of 99%+ effective birth control. I feel so FREE and liberated from so many anxieties of being a low-income gal trying to build a future from scratch. + +On my first ever visit to PP last year one of the first questions they asked is if I qualified for their low-income sliding scale payment option. Yup, ~they~ asked ~me~, saving the awkwardness of my shy ass having to bring up the fact that I'm doing the paycheck to paycheck hustle and asking if they had accommodations for folks like me. It was such a small thing, but made a world of difference. I've never been made to feel so looked out for by a healthcare provider. + +Something that many people don't know is that, if you live in a large urban center, chances are there's a PP in your area that provides primary care services beyond just reproductive health. If you're struggling to find health care providers that can accommodate your income restrictions, I BESEECH YOU - investigate the services that your local PP has to offer!! + +Ladies (and everyone with the potential of carrying a pregnancy), please please please educate yourself on different birth control methods and prioritize pursuing an option that works for you. After working hard at making good choices that will pay off for future me, I'm finally beginning to feel truly empowered and positive about the direction things are headed. +I live in Arizona and I just recently learned my mother passed away a couple hours away in Lake Havasu. +Anyways the funeral home wants me to pay 1800 dollars for cremation. They had me apply for the state to pay but they called and said I make to much money (35,000 dollars a year) +Needless to say I don't have $1800 dollars laying around to spend at all. +They refused to set up payments and want the money by Tuesday. +What do I do??? + +update 1: Thank you all so very much. +After talking with the county medical examiners office, They instructed me to ignore the Funeral home, and allow the state to cremate the body. She said the state may ask for money and at that point i can set up a payment plan (the funeral home offered didnt offer any payments of any sort and demanded it all upfront) +The Funeral home gave me NO OPTIONS on pricing were rude and attempted to pressure me into making a choice soon since it has been passed 30 days. +This is a new area of fraud I did not know about. A bare minimum life insurance plan would've saved me head ache here so make sure you leave something for somebody. + +I guess I have a new question. +How much will the State of Arizona charge me for if they are forced to do an abandon body cremation? +**This post is not intended to make anybody panic. I'm just confused how everybody is so optimistic. If nothing else, just use this post as a reminder to top up the emergency fund and re-think any financial decisions you make at the moment.** + +There seems to be an insane amount of optimism in this subreddit at the moment. People going ahead with mortgages, buying cars, in general going about life like things are normal. + +I'm not saying we should panic - but, I do feel like we've simply softened the blow, and things are about to get much, much worse than they have been in living memory. + +Take the housing market for example - Boomers have instilled the mentality on us that property prices can only ever go up. The only reason sales are so high right now is because the government have given a stamp duty holiday so people are rushing to buy & sell. The market is currently artificially propped up. Come April, we will be facing the panic of March again...all we have done is delayed it. + +Furlough coming to an end - Even with the governments new scheme, do you expect employers to pay 55% of peoples wages for 33% of the work? Are we not going to be seeing millions unemployed in the coming months? + +Mortgages are being pulled off the shelves. The number of 90% LTV mortgages has gone from 779 in March to 60 at the beginning of September. That may be even less now. + +Who is going to cover the costs of the lack of stamp duty and the wages paid on the furlough scheme? The tax payer. We're going to see massive tax raises. + +The whole country is built on debt. Everybody says they "Bought a house" when actually they put a 10% deposit down and have 90% of debt, which **includes interest**. How many of you could keep up your mortgage or car payments if the interest rate went up to 5%? or 10%? + +How many brand new BMW, Mercedes, Audi, Land Rover cars do you see every day? Do you think people are all going out and paying £20,000 or £50,000 for those cars? No - they're all on Lease, Finance, or PCP deals...which again **include interest**. Car and motorcycle dealers have been recommending for years that we put down the smallest deposit possible because the PCP is so cheap...well what if interest rates jump? + +All of this before we even consider Brexit - which already had huge implications for the UK. + +The reason I post this is because I'm actually in quite a good financial situation with no debt - but I'm absolutely s\*\*\*\* my pants for what happens in March/April...am I the only person here who is worried? + +**This post is not intended to make anybody panic. I'm just confused how everybody is so optimistic. If nothing else, just use this post as a reminder to top up the emergency fund and re-think any financial decisions you make at the moment.** +HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE MOLY HOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE +&#x200B; + +https://preview.redd.it/aeesfuyylxa81.jpg?width=905&format=pjpg&auto=webp&s=0339f6d988850e63ac18f5cb3d399ad4b29bff47 + +I am actually surprised this hasnt happened already. All it takes is a troll with a VPN to mass report. Since most of youtube is automated the robots shoot first and ask questions later. Thankfully the internet never forgets and an ape historian u/Elegant-Remote6667 has hosted the files for you to download. Check his comments for recent links. I will edit this post with better formatting when we get it all sorted. + + +**Edit:** For those that are confused there are two superstonk channels. The ones with the older AMAs was from the previous mod team lead by Red. That one is still up. The new channel that has the CS AMAs and such on it is still down but u/Bye_Triangle has submitted an appeal to its suspension. This is the channel: [**https://www.youtube.com/channel/UCJ-mn\_GXx-MZeL8KiNx-\_IA**](https://notifications.google.com/g/p/AD-FnEzGQy6USihEqqd-0dIKDKlaCbIq7FKdsEBE99fCV2yEfMs5TxZdqJbL0Dy1ckp8DLdalNLf52DkqWJ9QTVaRXb-MDX5YWCmAN63ZjPy3InxJvkKxGnr8bTZvXZW) + I just found this token $PINKPANDA through a trader group I am in, a bunch of people from the community jumped in early and started shilling it everywhere, Youtube, Twitter, Insta, Twitch. Bags are super distributed and there are many people working to get PINKPANDA to the moon. The team has delivered on all of their promises and launched a full mobile app on iOS after only 1 week (Android app coming very soon)! It’s currently at $7m market cap and people are just starting to take notice. I think this might be the moonshot I’ve been searching for, for the last few months. + +PinkPanda is catching up to some big names. Influencers are going crazy over it. Moneytalk, FinanceBull, Stiggybuys, Natethewinner… and more will join in the hype. There are rumors that a collab with Tyler Hill is already in the works. + +Their founder just did a live interview earlier today with a big streamer and it’s obvious this is a legit project. I am starting to believe this can get as big as Safemoon. Their codebase is actually the same as safemoon but with some improvements like using Pancakeswap v2 instead of v1, and also the project has a use case! + +This is a description from the admins: + +“PINKPANDA is creating a non-custodial, fully on-chain, mobile-first decentralized exchange (DEX) that supports up to 5x margin/leverage trading--all with a seamless, centralized-exchange feel. We will lift up the BSC ecosystem and build the tools it needs to GROW. We’re also \*donating\* to cancer charities, with community voting to determine causes in the future. Our mobile App V1 is out on IOS already.” + +TOKENOMICS + +Total Supply + +\-10% tax on every transaction + +\-5% distributed to holders + +\-5% locked into the LP pool, REWARDS for holders over time! + +The website is pinkpanda.finance and their TG is PinkPandaDeFi + +And here are all the social accounts: solo.to/pinkpandadefi + +The team has applied to CMC and is rolling out serious marketing. It’s super EARLY for this gem. + +Check out the telegram, super cool and committed community - they are at 3400 members already. They talk a lot about WEN BAMBOO, LOL + +t.me/PinkPandaDefi + +Contract Address: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +(careful there are 2 copycat contracts on poocoin already, make sure you got the right contract!) + +The group is super friendly, everyone is really excited about the project. It is at over 3000 holders already with a TON of room to grow. + +I have loaded up my bags and am ready for the ride! +* GME / TSLA millionaires + +* Gourd + +* GUH! + +* 1r0nyman + +* guy who drank a pee martini + +* guy who tattoo'd WSB on his butt + +* fscomeau + +* butt sharpies girl + +* PRPL + +* MSFT / AAPL / DIS calls + +* Quadruple witching + +* pleas fly again + +* peso dude + +* shrimp + +* powerball retard +It’s quite a coincidence that GG created a Twitter account and threw out terms like lit exchanges , GameStop and PFOF 6-8 weeks before the SEC publishes a report about GS. I have always thought the SEC is complicit. I think he did all of that to try to manipulate people into thinking he was looking out for retail so when they post the report retail sells thinking well I guess we were wrong. I think it’s the mother of all FUD before the MOASS . Interesting how it’s all happening so shortly before futures needs to be settled. Expect a massive dip if SEC says nothing to see here. We have DFV and RC and we have watched the bullshit for months now. Never forget the buy button or March 10. Everyone is lying to us. I for one will buy the dip and hold as I think it’s a coordinated last gasp before squeeze. They are desperate. Don’t take your fucking boot off their throat. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Good morning San Diago, + +I am Rensole, + +Do you smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/wpx74sv8bnz61.png?width=680&format=png&auto=webp&s=ffdad0ef1ac21eb44cf96811c7e775a0b87405c7 + +# Winds of change - Scorpions + +God it's good to be back, First of all I would like to thank the entire mod team for helping and keeping the sub in such amazing shape, I especially want to give a shoutout to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) and [u/bye\_triangle](https://www.reddit.com/u/bye_triangle/) for taking over the news. + +It used to be that I wrote these alone each day, but from now on I'm looking forward with working together, this is why from now on you'll be seeing the title, then the writer and then the body of the text. + +&#x200B; + +https://preview.redd.it/bt8luimfbnz61.png?width=640&format=png&auto=webp&s=384797127cc3b26258196ef2b4ca0d0489126bb2 + +# What are market orders? + +Written by [u/rensole](https://www.reddit.com/u/rensole/) + +I will not be going into what happened with Warden, for the simple reason I'm not entirely familiar with the situation nor do I care to get familiar with it, it happened let's move on and focus on the DD as we should, the DD is solid and that's all we need to know.Also there was some doubt as to how certain market orders worked and [u/jsmar18](https://www.reddit.com/u/jsmar18/) did an excellent write-up [here](https://www.reddit.com/r/Superstonk/comments/ndg93z/dispelling_denouncing_wardens_fud_market_limit/) explaining different types of orders and + +The post goes through several different orders, how the work and if you use them how they get executed, be sure to give it a look as it can give you some clarity on what orders do what. + +&#x200B; + +&#x200B; + +https://preview.redd.it/s3dd9h90cnz61.png?width=640&format=png&auto=webp&s=cd007a146612fd0a2f9e85d2a74b0482f63be458 + +# 140% SI? + +Something that cought my eye was the image below + +&#x200B; + +https://preview.redd.it/cqcazn6jfnz61.png?width=640&format=png&auto=webp&s=a744135cb3eb0befde639d34eb795d88ca42330f + +This opens up the possibility of the SI being off the charts, we thought that 140% was high (which it is IMO), but it also means that this is the max amount they can report, knowing now how they operate it's very likely they got greedy and said... Nah let's just not report the complete picture. + +Because let's face it, if you could win millions why even worry about that 100k fine right? it's a cost of doing business for them, so who knows, what we do know is that no one got margin called in january (source: dtcc head honcho, third financial house hearing) + +So.. who knows how high it even is right now, or what kind of advanced fuckery they have used. + +&#x200B; + +# A note from your friendly local pink cat + +written by [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) + +First of all, thank you for all the meme entries in the Superstonk Daily Bananya Cat meme giveaway contest! Look for a winner post today from me announcing our winners and sharing the winning work of art!! 🚀🚀 + +Now, Breaking News News + +The mod team has been working nonstop to bring you a professionally respected, verified source of information in Superstonk. The kind that gets big names like we've had on for AMAs. And to expand on that, we are growing the Superstonk Daily format to allow for more Ape voices to be heard. + +Starting tomorrow, you will see the Superstonk Daily DD, posted with its own custom, mod only flair, posted by automod at around 6:00 am NYSE time every weekday. (Noon for the Euroapes) We have devised this white-label automod system, which also serves to negate the "hero worship" that shills like to falsely accuse apes of as a way to discredit our news source. + +Don't worry, you will still see our personalities shine through, and all articles will be properly attributed to their contributor (which we hope to include non-mod, community DDers, artists, and others in the near future!!) But this presents a more uniform presentation of the news as we continue to garner more attention and seek credibility. This isn't about awards or upvotes for a certain mod. It's not a popularity contest and we have all seen the damage that can be done if personalities get too big. We believe this adds to the trust this community has given us to be in this for the right reasons. 💪 + +I'm so excited to see what this new format does for this community! It has been an honor and a pleasure to serve you all every day with [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) beside me while Rensole took a much needed rest. Now we're ready to kick some ass. And I'm absolutely JACKED to serve you as your Editor in Chief of the new and improved Superstonk Daily. ✌ + +Signed, [u/Pinkcatsonacid](https://www.reddit.com/u/Pinkcatsonacid/) + +&#x200B; + +https://preview.redd.it/szyq9fnqdnz61.png?width=554&format=png&auto=webp&s=13016e85948602a350cc155407dc59ac24525a6d + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/l2cu9qhsenz61.png?width=1600&format=png&auto=webp&s=0dcb5c0e44603c7793c34011d8c07165d71fe913 + +Remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +&#x200B; + +Also as far as I know the 13F filings are coming out today, so once we had the chance to review them I will be updating this post with either a link to an ape's thread or just the data! +I typed this and then realized that it’s not far off from WSB and all of their new users. Ehm: + +“Yeah bro, did you see the triple-double dead cat ninja bounce on SNDL today? That’s when knew for sure it was going to the moon 🚀 Those ‘hedgies’ are coming at us with a hexagonal rainbow medium-length ladder attack, slightly from the left side, with two rungs missing.” + +The 18-20 year old non-humble new trader continues... + +“Luckily, I am smarter than them and according to my calculations SNDL is guaranteed to be at $54.72 minimum by the end of the week as long as long as we see a Moonrise Kingdom appear in the moving average at noon tomorrow. If instead we see the Nuclear Zyklon Boomerang cross over from the MACD to the VWAP at 10:43 AM then buy 7 shares, 2 calls, and sell 9 puts. Bro, moon 🚀” + +Edit: “Forgot to mention that I’ve got diamond hands ✋🏻💎✋🏻💎 Listen to my DD because I made $1.3 mil in 2 hours yesterday off of the hyper-jackknife nipple clamp play I made. Now I’m the richest 19 year old in the state of Idaho. Diamond hands.” + +Not that far off from all the new traders, is it? +Missed our highly sought after AMA? Well you can watch our VOD here! [https://www.twitch.tv/videos/997277469](https://www.twitch.tv/videos/997277469) + +🚀🚀Reached a $20 million market cap in 2 DAYS! - phenomenal! 🚀🚀 + +Come and be part of one of the HOLDERS OF $HAPPY-NESS 😊 + +There truly is no mentally taxing profession that of those who are locked into day trading. Most day traders have therapists & psychiatric help, it’s really no wonder why. + +Of course, we all make jokes, it’s part of the human condition to do so, but we’ve also all felt the despair of truly being bogged, whether it’s selling too early or way too late. Luckily, Happycoin is here to solve this problem on two fronts: + +\- With 5% of all transactions reflected to $HAPPY owners, the **charity wallet** that the developers have set aside is designed to be the top holder and continue expanding as the token sees exponential activity. + +With the charity wallet, the team will decide on a **new mental health organization to donate to every Friday,** ensuring that we share the love and keep our ears to the ground and to our community on where $HAPPY could best be spread 😊😊😊 + +🚀🚀 This weekend is going to be BIG - Its not to late to pick up some $HAPPY 🚀🚀 + +links: + +👉 [Website](https://www.thehappycoin.co/) + +👉 [Telegram](https://t.me/happy_coinTG) + +👉 [Pancakeswap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb0b924c4a31b7d4581a7f78f57cee1e65736be1d) + +👉 [Chart](https://poocoin.app/tokens/0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) +There are so few choices on the ASX, your best chance of landing a 5 bagger rests on picking the right junior-explorer-shitco and hoping they find something in the middle of the friggan desert + +Ive been trading the ASX for years, but there's just so little to get excited about. + +I've got into US stonks for the broader exposure to EVs, Tech, Social Media etc etc. The trading volume is way larger, so the swings are better too. I made 31% on Angi this week, and I'm not even sure why it moved lol. The shit part is their trading day is from midnight to 7am, so hard to get proper sleep now + +Rant over + +TLDR: asx sucks, try US for more options +Hey y’all, I’ve been roasted many times on this sub for asking questions that seem very obvious to the OGs in here. Usually what happens is I ask a question, and the reply’s come in like: + +- “Uuugghh, this has been answered so, so, so many times…” + +- “This is covered in the DD…” + +- “Seriously, this question again 🤣🤣🤣” + +So, here’s my bit of advice: + +As a Park Ranger, I answer the same repetitive questions literally hundreds, perhaps thousands of times, during the on-season. How do I answer a question I’ve been asked for the 831st time in late August? I answer it like it is an engaging, novel question that I’m excited to hear. + +Why answer the question that way? A few reasons. + +One - the person asking that question probably has no idea I’ve been asked it 830 times already. + +Two - I want that person to feel welcome in the place I steward. + +Three - I don’t want that person to feel scorned and reject the mission we are trying to carry out. + +That last one is particularly important as it relates to this sub. If we want to welcome people here and grow the community, step one is to not be an asshole when they ask questions that will essentially be newbie questions by definition. This also helps cut down on general toxicity, which is always good. + +If you are wrinkle-brain, please know you are a steward of the sub. With big brain comes big responsibility - teach peacefully 🦧 + +Edit: Obligatory rockets 🚀🚀🚀🚀🚀🚀 +American investor and vice chairman of Berkshire Hathaway, Charlie Munger, has opened large positions in Alibaba Group ($BABA) (the Chinese e-commerce giant and target of Chinese Communist Party (CCP) scrutiny), and many retail investors have followed suit seeing Munger’s involvement as a kind of stamp of approval that BABA is an inevitable profit and ideal place for value investors to put their money. + +My question is to what extent do non-accounting factors like investor sentiment and regulatory uncertainty factor into your assessment of a stock’s overall attraction as a potential investment, and what limitations do you see in the value investment approach in an inherently-irrational market? + +Not all stocks are perfectly priced to match their fundamentals (if they were no one would ever make any money). What’s your process to get from calculation of inherent value and financial health of a company, to the ultimate decision to buy or not buy (opportunity cost calculation, basically)? +**Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!** + +**\~ Warning! Very Very Long Post\~** + +Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years. + +**\[Disclosure: I made this DD last month, but I wasn't part of this Subreddit until the last few days\]** + +So, let’s start with the [news](https://postimg.cc/Xrkwk6rP) that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year. + +Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return. + +Alongside this we also saw the company releasing the new MacBook’s with their first in-house [chip](https://postimg.cc/vc39NF7x), which promises faster video and imaging processing [times](https://postimg.cc/CR5Fmj5V), with both [CPU](https://postimg.cc/Y4yLdrMd) and [GPU](https://postimg.cc/xJz8gLsd) performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in [battery](https://postimg.cc/1fp6y1rz) life. Apple is also [expected](https://postimg.cc/GHrtJ8vc) to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips. + +We also saw Morgan Stanley [upgrading](https://postimg.cc/bZ5qMsSS) their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle. + +The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones [expected](https://postimg.cc/LJptP88f) to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian [market](https://postimg.cc/7fV6BHNS), as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now. + +They also [released](https://postimg.cc/PpWhPy31) an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products. + +But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE [BUNDLE](https://postimg.cc/4777MD3s), which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion [starting](https://postimg.cc/BLkDnqzj) from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot. + +The latest services, [Fitness+](https://postimg.cc/cKV4KrsG) just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month. + +I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach. + +We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year. + +And one last piece of [news](https://postimg.cc/k6BKCVTr), and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities. + +It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO. + +I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall [gross margins](https://postimg.cc/ykv1mfVP) stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower. + +But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject. + +And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook [expressed](https://postimg.cc/TyhpLzgg) optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great [outlook](https://postimg.cc/DWDmqxPD) for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020. + +I also researched and found what products we can see in the near future, with the first half of [2021](https://postimg.cc/jCBQsXVM) bringing new iMacs, the AirPods3 and the iPad Pro, while in the [FALL](https://postimg.cc/8jVJKngg) event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming [later](https://postimg.cc/GHc3s01t) in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6. + +So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below. + +I have made some predictions based on the growth rate of the [company](https://postimg.cc/JHRDpPGQ), the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research. + +This are my 2025 projections for Apple, let’s take a closer look at them, each on their own. + +So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the [company](https://postimg.cc/XGfBKT7J), as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone [sales](https://postimg.cc/V0wfRpr7) in 2025. + +The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I [expect](https://postimg.cc/1405tm2b) this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth. + +The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I [expect](https://postimg.cc/5XKtVsT0) the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market. + +The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories. + +I gave this [revenue](https://postimg.cc/v4C4JQ4T) stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration. + +And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others. + +So, I [expect](https://postimg.cc/svV7mDWR) this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025. + +I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the [other](https://postimg.cc/1VFFgkxJ) revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart. + +In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales \[ [iPhone](https://postimg.cc/JDZ7jMnD) / [iPad](https://postimg.cc/Wd14CB9C) / [Mac](https://postimg.cc/q6GkZw2p) / [WHA](https://postimg.cc/211q9q8g) \] and 35% expense ratio on [SERVICES](https://postimg.cc/8sdLLrjH), as this are way more lucrative. + +In the past 3 years, the products [gross margin](https://postimg.cc/ykv1mfVP) was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales. + +So, I expect the total [revenues](https://postimg.cc/sMjByQ2n) for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year [average](https://postimg.cc/Tp8g83mS), and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue. + +I also think the company will continue to invest in both Capital Expenditure and Operating expenses. + +I think the operating expenses will remain pretty much in line with the [previous](https://postimg.cc/2qBCfrnc) years, as this number has increased by 1% [annually](https://postimg.cc/Fd5JL9v8) both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex [spending](https://postimg.cc/yDsRdpLy) has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by [investing](https://postimg.cc/Mn9nG6Mz) activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth. + +This money would account for over $73B in [expenses](https://postimg.cc/dZnY91K1) and would bring the profit for the company to almost $104B before interest and taxes. + +Moving on, let’s see what interest income and expenses the [company](https://postimg.cc/cgy0x2ms) has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses [related](https://postimg.cc/QKgtZhZG) to interest, while increasing the other losses by 10%/year. + +This would bring the company pre-tax income to just over $104B in 2025. + +Let’s move on to taxes. I know the Federal income tax rate is 21% for the [company](https://postimg.cc/ykY39pq1), but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world. + +So, Apple would [have](https://postimg.cc/Wqc3ytKw) $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 [future](https://postimg.cc/4YytCLwL) earnings/share. And with today’s price for Apple just around 136$, that would mean to [company](https://postimg.cc/RNf1qH44) is trading at just over 26 times forward price to earnings. + +I don’t think Apple will ever trade at a discount again, with the current PE [standing](https://postimg.cc/RqwqHQ6s) at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 [times](https://postimg.cc/5H98PKv2) P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at [insane](https://postimg.cc/sBZhxMk5) P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of [growth](https://postimg.cc/CnbZMbD2) in the past 5 years. [Here](https://postimg.cc/7CLT1G8C) is the dividend growth history for the company, as I also went conservative on this [estimate](https://postimg.cc/Tp7LcjGr) and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025. + +So [here](https://postimg.cc/R3PK21QQ) are my 3 price targets for the company, [including](https://postimg.cc/JHR8JXvv) dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a [return](https://postimg.cc/jCYzWhd2) of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then. + +I think this is possible as Apple has also [continued](https://postimg.cc/fJj36jMt) to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year. + +So here is the full [spreadsheet](https://postimg.cc/Z995KrzL) that I have projected for Apple by 2025 and the breakdown of everything i estimated \[ [1](https://postimg.cc/jCT7qdZJ) / [2](https://postimg.cc/DmcbSkMp) \] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just [look](https://postimg.cc/V50nHCSn) at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple? + +The company also has pristine [financials](https://postimg.cc/LYcYMxqf), with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents. + +So, what do I expect in the next couple of days, weeks and months for Apple? + +Let’s look at this [CHART](https://postimg.cc/7592T1c8), so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split. + +So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 [earnings](https://postimg.cc/V5t0FPTF) are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional [holders](https://postimg.cc/3kqG3XcK) like Vanguard, BlackRock and Berkshire owning over 900M shares each. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +i don’t want him to know that i’m helping him because i get that it can be a bit embarrassing and i don’t know how he’ll react. a mutual friend said he’s struggling to eat and is selling off his own personal items. we’re both in first year at university. my parents are helping me out and i’m furloughed from my job back home. +Bought an amazing townhome 3 years ago in Portland for $385K, OR (I lived in San Francisco, CA). Hired an incompetent property manager and didn't fire quickly. Was planning to fire but other priorities took over. Ran into all the major maintenance expenses (roof, siding, drywall, flooring, etc.). The deterioration happened over those 3 years since the original inspection did not reflect these issues. Property vacant for the past 6 months while I fixed the issues, prepped it to be put up for sale and the process. Selling since we moved to a different country last year. Sale price is the same that I bought it at since Portland has not seen much appreciation on townhomes in 3 years and factoring in some buyer credits. + +Lessons from this stumble on the journey to FIRE - + +1. don't ever buy an IP you can't drive to within a couple hours. +2. Do proper IP analysis (Cash on Cash, Cap rate, etc. +3. Pay extra for thorough inspection. + +Feel free to list others folks. + +Edited to 1st thank y'all for the input and 2nd to provide more details based on the comments. + +&#x200B; +**Preamble:** Jim Cramer is definitely a controversial figure. While an argument can be made on whether he is on the side of retail investors or not, what I really wanted to know was how his stock picks are performing. Surprisingly, there were no trackers for the performance of Cramer’s pick in his program (his program is Mad Money, for those who are not familiar). + +**Where the data is from:** [here](https://madmoney.thestreet.com/screener/index.cfm). All the 19,201 stock picks made by Cramer are listed here. His stock picks are updated here daily. While Cramer mentions a lot of stocks in his program, I only considered the stocks that Cramer specifically recommended that you should buy or sell. (I have ignored the stocks where Cramer says he likes/dislikes the stock since I felt that it’s a vague statement and cannot be considered as a buy/sell recommendation). + +**Analysis:** There were 725 buy/sell recommendations made by Cramer in 2021. Out of this, 651 were Buy and 74 were Sell. For both sets, I calculated the stock price change across four periods. + +a. One Day + +b. One Week + +c. One Month + +d. Price Change till date + +I also checked what percentage of Cramer’s calls were right across different time periods. + +**Results:** + +https://preview.redd.it/67ntaei71yt61.png?width=624&format=png&auto=webp&s=af0b123eaddf35374fe7755d1bead59f9a3be050 + + Cramer made a total of 651 buy recommendations over the course of the past 4 months. If you had invested in every single stock, he recommended and then pulled out the next day, the returns were a staggering 555%. He was also right on 58.9% of the calls he made (Benchmark being 50% since anyone can pick a random stock and the probability of the stock going up is 50%). The weekly performance returns are also a respectable 42% but he was barely touching 50% in the percentage of right picks. One month from his recommendations, the stock return is an abysmal -223% and he was wrong more than he was right on his calls. The returns till date are also phenomenal with 446% return and Cramer being right a whopping 63.6% in his stock picks. + +&#x200B; + +https://preview.redd.it/s42b0it91yt61.png?width=607&format=png&auto=webp&s=0c41ea542d8b024494f0690b85d86ab85e03f492 + + Cramer’s sell recommendations performed better than his buy recommendations across different time periods. This stat is particularly commendable since we were in a predominantly bull market across the last 4 months. 57.5% of the stocks he recommended as a sell dropped in price the next day with a cumulative return of -118.9%. This trend is observed across the time period with returns for the sell recommendations being negative. The only statistic that is working against Cramer’s sell recommendation is the percentage of right picks till date being only 42%. But still, the cumulative return for all the stocks was -206%. Please note that Cramer made only 74 sell recommendations against a whopping 651 buy recommendations during the same period of time. + +**Limitations of the analysis** + +The above analysis is far from perfect and has multiple limitations. First, Cramer has made a total of 19K recommendations in his program. I have only analyzed his 2021 recommendations. The site which provides the data is extremely limited in terms of how we can access the data. Also, currently, the data is pulled from street.com which was earlier owned by Cramer. They update the data every day after the show, but I could not verify if they go back and change the calls down the line (very unlikely with it being a large business). Also, for the return calculations, I have only used the closing price of the stock across the time periods. The returns can theoretically be higher if you consider the intra-day highs and lows. + +**Conclusion** + +No matter how we feel about Cramer, the one-day returns on both his buy and sell recommendations have been phenomenal. I started the analysis thinking that the returns would be mediocre at best as there were no trackers actively tracking the returns from his calls. But the data points otherwise. It seems that there is a lot of scope for short-term plays based on Cramer’s recommendation. Let me know what you think! + +Google Sheet link containing all the recommendations and analysis: [here](https://docs.google.com/spreadsheets/d/1ah4JvEMIlGopn-zOjNwB8iWCUO4r-W5FV19oX_tM9oQ/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to Cramer or the Mad Money show.* +GameStop GME reached $3.12 today, the lowest it's ever been in its entire history of being public. It is around a $200m market cap now. GameStop was betting on a turnaround later this year because of the new console release, but COVID-19 seems to have put those plans on a damper. Moreover, with the virus most people won't want to visit a GameStop let alone go outside. + +What left is there to be bullish on this company? Michael Burry was long on it earlier this year - why? Can the company last even another 6 months? + +Edit: I am disappointed. This post has become a circlejerk for lambasting GameStop instead of giving any actual analysis. +Almost everything seems to be getting more expensive, to name a few: College, Healthcare, Housing and more niche markets like boats and airplanes. + +But wages are not going up very much. + +This doesn't seem to be sustainable. People can't even afford to have kids, much less buy a house. + +Why are all these things so expensive now? Why aren't wages going up? It's easy to blame the ceo's or whatever but if a ceo makes say a few million a year and employs 10,000 people (these are completely random numbers) that's only a few hundred per person which doesn't affect anything really. + +So where is the money going? I really don't understand. And how can this be fixed? Will it ever be fixed? Wages can't magically double, triple, or quadruple. But the costs of these things can't plummet either because that would cause a crash of the economy (particularly housing like in 2008). + +I just don't get it, is there something I am not understanding? +Network fees, Coinbase fees, conversion fees, selling fees, fees for breathing. This is not how crypto should be. $30 to move my bitcoin is absurd, and way more $ to move Ethereum and ERC-20 tokens. I can transfer money from bank to bank with ZERO USD in fees.. It’s ridiculous and it will start to take notice. Imo it’s slowing down adoption & frustrating the hell out of people, myself included. +One of the foundations of modern mainstream economics is the concept that people behave in the market as rational agents who choose what's best for their self-interest, but clearly, there are some goods and services that may still keep being demanded even if they're not in the best interest of the consumers. For blatant abuse, economists would say that the government can step in and regulate it, such as opioids and other drugs. However, there are some cases where the abuse isn't clear, such as companies that uses child psychology to better market their products to children, or social media features that keeps you hooked even though it has negative effects on your mental health. + +It's fair to say that, sometimes, people are unable to weigh opportunity costs rationally. What's the current consensus in economics about all of these? +FOMO will destroy you. + +I see people asking for advice on these threads daily so here is my 2 cents. + +You will never control the markets, Ever!! + +but luckily for you, a profitable trader doesn’t need too. He/She just needs to make sure that the market never controls them. + +You’ll here this time and time again “Don’t chase trades” & “manage your risk” but until you truly understand the importance of these two things you’ll never consistently extract money from the market. + +One of the hardest things to do is sit on your hands when the market is presenting no opportunities to you. What’s even harder is to remain sat on those same hands when you’ve just missed a good entry point and a stock is moving without you. + +Getting in late doesn’t necessarily mean you’ll lose money, the market often rewards mistakes and this is part of the problem. your mistakes being rewarded give you a sense you are doing some thing right until BANG you get caught holding bags when a stock moves against you quickly in the opposite direction right before your eyes after you’ve just made a late entry. The few times you were rewarded for a late entry have now been taken back by the market....with interest! + +controlling your emotions coupled with managing your risk are by far the greatest tools you can add to your skill set when day trading . Technical analysis is great but it is a subjective matter, managing your emotions and risk are not. Master these and you are hopefully more than half way to becoming a profitable trader. + + +For newer traders ask yourself some or all of these questions before you trade + +Have I slept well ? +Have I Eaten & am I hydrated ? +Have I Exercised ? +Have I meditated ? +What are the current market conditions ? +Do I have a few stocks I am watching that fall within my current strategy ? +Is there a decent set up that falls within my strategy and including my risk to reward ratio. + +Lets take that Trade + +Hope this helps someone become a better a trader. + +Happy trading Guys & Girls + +Bull Flag Breakouts + +BIG HUGE ETA: When I posted this - I was so lost. This community is incredible and I am beyond grateful for everyone here. I am reading through everything and everyone has been so helpful and kind. I had to check myself to ensure this was Reddit. I appreciate absolutely everyone who took the time to help me out. I have seen a trusts and estates attorney since she is my mother but this is above her pay grade. You guys have been angels. Thank you for the bottom of my heart. + + + +My dear friend died at 39 intestate in NY. He was a real player and highly respected. No will. I am a lawyer (not his) and I do not know this side side of finance. + +I could use help: he took out a huge huge position and then died. Im being told that he “wasn’t in reg t” and “his options aren’t in the money” and they don’t expire until December. + +ML is the broker and is not closing the position and letting it run. + +The most issue is that his child was born 2 weeks after he died. This position will tank and of course tax. His estate is most likely going to be taxed 40% when all is said and done. + + +Sorry - I’m emotional. My question is: why are ML’s broker refusing to close it upon death when other firms do? Or am I mistaken. Any feedback - including girl you’re on the wrong sub and you don’t understand this - is so appreciated. He wasn’t married to his girlfriend and there’s a 6 months backlog to appoint an administrator to the estate. It is tanking And I want to know if there is a at to making the bleeding stop. +Long post. But if you use Zerodha, do read it till the end. If not, atleast read the 8 points highlighted in bold. + +I have had terrible experience with Zerodha. Let me just describe my problems from this week alone: + +**Problem-1: Unannounced Downtimes** + +On 21st April, I tried placing AMOs around 12:30 AM. I got an error saying + +>01XdSv7i0B32qny| After Mkt Request : Error Code : 11 Reason : Message build error + +I tried again. And again. Same error. + +Cleared cache, deleted cookies. Tried again. Same error. Incognito - same error. Different browser - same error. + +Tried on the Kite mobile app. Same error. + +I stayed up for some more time. Waited till 1am. Same error. + +I raised a support request stating that it was urgent. I ask them to fix this issue and also state the trades I want to make and I request them and authorize them to make those trades in case they are not able to fix the issue immediately. + +Meanwhile I kept trying again every few minutes. + +And on and on till 3:30 AM. Finally after staying up for 3 hours, at 3:30 AM, my order got accepted by Zerodha. + +At 12:30 PM, I receive a response from Zerodha on my support ticket, stating the following: + +>Thank you for writing to Zerodha.Please note, during 1:00 AM to 6:00 AM trading platforms and Q will be down for maintenance therefore it may give you an error message.We would request you to try to login and place order after 7:30 AM. + +The platforms will be down for maintenance? WILL be? Future tense? And they choose to inform me about this 11 hours after the downtime starts? I am flabbergasted at their unprofessionalism! Is this how a stock broker functions? By not informing users of planned downtimes well in advance? Absolutely not. + +Needless to say, they did not execute the trades manually either, though I had requested and authorized them to do so. + +So is the problem over? NO. + +**Problem 2: Losses** + +It is the wee hours of 21st April in India. It is trading hour in NYSE & NASDAQ. NASDAQ 100 is falling. I want to exit my positions in N100 ETF. I place AMOs (After Market Orders) to sell all my N100 ETFs and a few other ETFs. They accepted the orders. Now that I had placed the orders, and the orders had been accepted by Zerodha, I went ahead with my day job. + +In the afternoon, I check back to see what was going on with the market. I was thinking of buying a few other instruments. To my horror, my orders had been rejected! The reason provided is: + +>The instrument is either suspended from trading, or the order was placed outside of trading hours (try placing AMO) + +This message has 3 parts: + +>The instrument is either suspended from trading + +No, it was not. + +>or the order was placed outside of trading hours + +Yes it was. That is the whole point of an AMO. It literally stands for After Market Order! So, yes the AMO I placed was placed outside of trading hours, as it should be. + +>(try placing AMO) + +Hmm... that is exacly what I had done. Surely, they cannot reject an AMO stating that I need to try placing an AMO? Apparently they can. + +Flabbergasted, I place the sell orders again and it gets executed. But meanwhile, **because of Zerodha, I had already lost money** since the instruments had lost significant value by that time, compared to market open. I am out of words to express their incompetence, negligence and unprofessionalism. Unfortunately, the story does not end here. Spoiler alert: It gets worse. + +This must have been an one off error, right? They surely cannot be doing this to all their customers? Even if it happened to all customers placing AMOs on their ETFs, it must have been some glitch today, right? They surely cannot be losing customer's money like this everyday! + +Nope. **THEY ARE DOING THIS EVERYDAY! And to everyone placing AMOs on ETFs!** + +But how? - you ask. Read on to find out. + +I create a support ticket explaining this problem in detail, with csv files and screenshots and complete order details. This was their nonchalant response: + +>We would like to inform you that, All After Market Orders including AMOs for **Exchange Traded Funds** are sent to the stock exchanges in the pre-opening session open time i.e. at 9 AM. However, since ETFs are not available for trading during pre-opening session, all ETF AMOs are rejected. +> +>You can use the disclosed quantity function or the stop loss function in AMOs for ETFs. These will be sent at 9:15 AM since disclosed quantity and stop loss orders are not allowed during the pre-opening session. + +They take no responsibility. They nonchalantly state that I should use some work around. Let me state the sequence of events that has happened here: + +**1. Zerodha accepts AMO orders for ETFs from its customers.** + +**2. Zerodha knows that if the AMO orders for ETFs are sent to stock exchanges in the pre-opening session, they will be rejected.** + +**3. Still chooses to send the customer's EFT AMO orders to the exchanges in the pre-opening session.** + +**4. The order gets rejected, exactly like Zerodha knew would happen. Now the customer is losing money because of Zerodha's wilful negligence.** + +**5. Displays an error to the customer saying that "The instrument is either suspended from trading, or the order was placed outside of trading hours (try placing AMO)"** + +**6. The first part of the error is false: The instrument has not been suspended from trading. The second part of the error is just absurd: The order was already an AMO.** + +**7. If the customer who lost money because of Zerodha's negligence raises a support ticket, Zerodha tries to put the onus on the customer by offering ways to fool the platform into working correctly ("You can use the disclosed quantity function or the stop loss function in AMOs for ETFs. These will be sent at 9:15 AM since disclosed quantity and stop loss orders are not allowed during the pre-opening session.")** + +**8. Zerodha unilaterally closes the support ticket as if this entire thing was completely acceptable.** + +I really do not know how to process this! They are willingly, nonchalantly screwing over their customers. They have been doing it and are continuing to do it! + +**What now?** + +I am thinking of doing 4 things: + +**1 - Switching to a real broker** + +I would like your suggestions on this. I am looking to switch to a broker who is actually competent and reliable. If any of you have had good experiences, do let me know. + +**2 - Legal advice** + +Such terrible business practices should not be allowed to continue unchecked. If someone had held them accountable in Zerodha's long history of doing this, then they would have probably stopped being so negligent and I might not have gone through this monetary loss and mental pain. I feel a moral responsibility to hold them accountable. The initial legal advice I have received so far is encouraging. Apparently, there are legal precedents that say that the stock broker is liable for all losses caused by the problems on their platforms. In fact, a prior ruling has stated that: + +>“If a member of internet trading facility places a sale order of a particular number of shares at a certain price in a highly volatile market and his order is not executed then and there for reasons beyond his control and is kept pending for hours together and then he looses valuable hard-earned money. In such a scenario, if delayed execution of an order results in ascertainable financial loss on this score owing to deficiency in service by stock broker, it is only the stock broker who has to account for such losses” + +This was even upheld by the Delhi High Court. I have also been informed that since a huge number of customers would have been affected by Zerodha's practices, the legal firm might try to collect grievances. I will get back to you guys on this in a few days. Meanwhile, do PM me if you have been similarly affected by Zerodha. + +**3 - Complain to NSE** + +This has been suggested to me but I am yet to look into this. + +**4 - Prevent more people from losing their hard earned money** + +I feel that I am under a moral obligation to inform as many people as I can, of the facts of what is happening. I shall only spread facts, that official representatives of Zerodha have acknowledged in the replies to the support ticket and in their forums (I have archived these threads, just in case). However, I shall do this after clearing it with the lawyers. + +Thank you for reading. I hope this will help you avoid losing your hard earned money. Best wishes and happy trading! Godspeed. +Hello everyone + +I own property in Ukraine that i have to fully pay off, because interest rates are insane. 10 - 15% is absolutely normal there, while most EU countries have somewhere between 1 - 3%. If ukraine ever gets to join, will the interest rates also go down to these levels? Because if they would, id assume a huge price increase in my property. Does this make sense or no? +This is about their unprofessional, possibly fraudulent, handling of Brexit. + +They asked me to transfer my account from the UK entity to the Hungarian entity. Obviously, I declined - I don't store my life's savings in chaotic lawless countries. + +I asked their customer support and they assured me back in December that I would keep my account with limited functionality (closing my positions, withdrawing the money, transferring out). Fair enough, that's all I need for now. + +In January they sent out a few unsolicited emails warning that if I don't transfer to the autocracy of their choosing, I will lose some of my account's functionality. Fair enough. + +All of a sudden, yesterday they decided that if I don't comply with their desire to have my account in a jurisdiction with no law, they are going to close it (no specific dates given). They claim that this is a regulatory requirement but that's BS - somehow my other British brokers are able to keep my accounts (with limited functionality). Also, I doubt that this "regulatory requirement" has been introduced between January 16th (when they were fine with keeping my account with restrictions) and January 28th (when they decided "LOL, we changed our mind"). + +EDIT: I'm not British. Not sure why so many people assume that if you call out a corrupt EU country for being a corrupt country, you must be a disgruntled brexiteer. +Probably clearest signal yet that they will prioritize price stability push come to shove. + +https://www.cnbc.com/2022/05/12/powell-says-he-cant-guarantee-a-soft-landing-as-the-fed-looks-to-control-inflation.html + +>Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation + +>Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. + +>Powell said he couldn’t promise a so-called soft landing for the economy as the Fed raises interest rates to tamp down price increases running near their fastest pace in more than 40 years. + +>“So a soft landing is, is really just getting back to 2% inflation while keeping the labor market strong. And it’s quite challenging to accomplish that right now, for a couple of reasons,” the central bank chief said in an interview with Marketplace. +Personally mine is palantir, it is a great company growing fast, one of the only companies that offers algorithmic based solutions, the more customers they get, the more data they have which they can cross-use to improve other customers, and the cycle continues, I believe they’ll have an annual revenue of $4bn by 2024 and a stock price of <$100 +# 🥳 Greenlyght Coin Is Being Called By Every Major Legit Influencer + +&#x200B; + +🌱Greenlyght Coin is GROWING 💨 + +&#x200B; + +DEV FULLY DOXED & KICKING A$$ + +&#x200B; + +Starting MC: 100K + +&#x200B; + +Current MC: 2.4 MC + +&#x200B; + +WHAT IS STAKING: Simply put - when you stake your Greenlyght Coins [,](https://imgur.com/a/igVOVPX) + +you will earn extra Greenlyght Coins. The reason your crypto earns reflections while staked is because the blockchain puts it to work. 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The administration is providing more than $5 billion to states over the next five years to build a network of charging stations along the nation’s interstates. + +[Full Article](https://www.msn.com/en-us/news/us/biden-to-require-electric-vehicle-charging-stations-every-50-miles-on-federal-highways/ar-AAYfLkO?li=BBnb7Kz) + +Any leads on vendors? +*This post was not allowed on r/personalfinance so I thought I’d take my chances here* + +Edit: Forgot to mention I’ll be graduating in 2022 + +I am fortunate enough to say that I will be graduating college with zero debt. My tuition is paid for entirely by the school (UCF, IT Major) and our state scholarship program (Bright Futures). + +To save money, I decided to live at home (a ~25 minute commute) rather than dorm. I knew I wouldn’t be comfortable in a dorm, 4 dudes to a bathroom type situation. It just wouldn’t make sense to spend thousands on an apartment or housing when my home is literally half an hour way. + +I currently work at Publix as a cashier, and my only recurring expense is a car payment that I have until May 2026, and of course gasoline for that car. + + +**TL;DR** +**Anyways, my question is, for those of you who were in my situation, what was it like when you graduated? Everyone tells me “Damn bro that’s so nice you’ll be rich when you graduate!” Is that really the case?** +I (26F) work in property, and I’m currently on a base salary of around $42,000 plus super, bonuses & commission. Last financial year I earned around $10,000 in bonuses and commission. + +I absolutely love my job. I work from home, I get along really well with my boss, my days and hours can be flexible, I get to see some spectacular properties (I just love houses), I go for walks during the work day and have a pretty cruisey lifestyle. + +Most of my friends earn at least $20,000 more than me per year and sometimes I really take it to heart. I struggle with mental health issues so working from home has been a literal lifesaver at times, but sometimes I get really disheartened about the money side of things. I feel like I’m so far behind and I need to catch up. + +I would like to know if anyone has gone from a high paying job they didn’t enjoy, to a lower paying job that they loved? + +I’m trying to remind myself that the grass is not necessarily greener with a higher salary. + +Edit: I know I can get another job with my skills and experience with a base salary of $65,000 - but it would mean really disappointing my boss, working 9-5 in an office and losing a lot of my work/life balance. + +Edit II: Thank you for all your responses, some were very helpful and kind, some not so much. I will be seeing out the financial year where I am and will be asking for a raise in my base salary. At EOFY time I will reassess what is important to me. Right now with my mental health battles, making a big job change for only $20,000 is unrealistic. +There are plans to open up the payment infrastructure space, which is driven primarily by NPCI now, to private players. + +[https://government.economictimes.indiatimes.com/news/digital-payments/six-consortiums-apply-to-rbi-for-nue-licence-for-retail-payments/81816645](https://government.economictimes.indiatimes.com/news/digital-payments/six-consortiums-apply-to-rbi-for-nue-licence-for-retail-payments/81816645) + +The main paradigm shift in this mode is from publicly owned and non-profit infrastructure to privately owned for-profit infrastructure. + +It's obvious that the digital transaction costs might go up when that happens. + +In a country where majority of the public still needs encouragement and incentives to go digital, the moment there is a disincentive (cost) on digital means, it's going to dampen the rate of progress in digital payments space. Often we get to read about the growth rate of digital transactions and it looks good, but as a percentage of total volume it's likely to be still at a level where we can't afford to disincentivize digital transactions in any way. + +BTW not posting a wikipedia link that compares the % volume of digital transactions by country as the data is a bit dated. If someone can find such report, please do share. (Preferably the % of value of digital transactions and not just the count.) + +Do express your views. +I work 3 jobs. Stop coming to me with these Christmas gift exchanges. I don’t need your $25 useless gift and I don’t have the time nor the energy to figure out what to get you. I’m not even Christian. + + +This isn’t me being a bad sport or bad team player. This is me being poor. My money goes to medical bills, my mother’s medical bills, rent, food, and utilities. Christmas time for you is about gifts and happiness and holiday cheer. Christmas for me is 1 less meal a day to pay for heating so my family doesn’t freeze, standing in a store in a mall for 8 hours listening to the same 4 Christmas songs on repeat, dealing with rude customers who can’t get their kids favorite toy, and crippling loneliness with a constant reminder of how single I am. + + +I made a post yesterday and had people messaging me asking if they can send me money. Fuck off please. You’re going to kill this sub and people will start pandering asking for donation. I don’t want your money. I’m not looking for a place to beg. I’m looking for a place to vent. + +To sum up: if your coworker kindly asks you to remove their name from the work gift exchange game, please respect their wishes and don’t ask them “why”? We fucking can’t afford it and just want this season to end. +There are so many bad analyses in seeking alpha, that just scrolling down and looking for something interesting is a waste of time. So can you recommend the best authors? Thank you +👑 Join us at the best community ever made, Golden Doge 👑 + +Tesla giveaway + +Buyback event every Sunday + +Lottery with burn mechanics every day + +Passive income for all holders + +Worldwide marketing & communities + +Suprise events + +And a lot more, Join and see for urself 📲 + +1000x inevitable 🤑 + +💰 Are you looking for a token with the best passive income? Golden Vault will be a great source of passive income for you! + +🤑 As a holder, you can claim BNB in the vault every 24 hours by just holding the GDOGE token alone! So no matter how the chart may look on the day in question you have a secure way of passive income waiting to be claimed. + +🏆 Our vision is to make this the top 10 meme utility coin in the world. 🏆 +We have good private investors in this project who back us for marketing and development for the long term. +We are 1 month old , And we have already 20,854 strong holders, 50K+ Telegram Community members in English (35K), Chinese(25K), Korean(3K) groups. +Our market cap has grown from 1 Million USD to 5 Million USD in 25 days and our all-time high was 18 Million USD. +When at the highest market cap and the largest transaction volume, there had been 1000 BNB in our Golden Vault and our earliest investors reimbursed their original investment in just 4 days. + +Here's what we have achieved so far and what's coming next: + +1. Marketing 🚀 + +✅ Partnered with BTOK for presale promotion & airdrop event + +✅ Partnered with CoinMarketCap for an airdrop event + +✅ Partnered with BananaTok for Banner Ad, AMA, and airdrop events + +✅ Partnered with Binance Community 8.0 Facebook Group for 1 year promotion + +✅ Partnered with Lbank and Olive for GDOGE Staking + +✅ CoinMarketCap Most Visited #1 Coin ( At the time of writing ) + +✅ Poocoin Most Linked/Viewed #1 Coin ( Attained several times previously ) + +✅ Dextools.io Hot Pair #1 Coin ( Attained several times previously ) + +✅ SatoshiStreetBets Telegram Promo Completed + +✅ Youtuber, Tiktok, Twitter Influencers Marketing + +✅ BSCScan Banner Ad + +✅ DexTool.io Banner Ads Booked + +✅ Facebook, Instagram, Messenger Banner Ads running + +✅ Community Shilling|Reddit|Sticker|NFT Art Contests + +✅ 16K+ Holders, 50K+ Community Members in more than 8 languages including English, Korean, and Chinese + +✅ New York City Billboard advertising at 1540 Broadway, New York, 10036, USA (August 12th - for a week ) + +✅ New York City Times Square Outdoor Advertising + +2. Listing + +✅ Code Audited by TechRate: + https://t.me/techrate_audits/609 + +✅ Coingecko Listing in 2 days + +✅ LBank Exchange Listing in 3 days + +✅ ZT Exchange Listing in 3 days + +✅ CoinMarketCap Listing in 5 days + +✅ Trustwallet, TokenPocket, BSCScan Logo & information Update + +3. Development 🏅 + +✅ Golden Vault + +✅ GoldenDoge Shop launched + +✅ Golden Lottery With Burn + +✅ Golden DEX Chart Tool launch this year + +4. Burn & Buyback events 💥 + +✅ Burnt 1.1% of total supply + +✅ 100BNB Buyback event completed + +✅ Daily manual BNB deposit to Golden Vault ongoing + +🌐 https://goldendoge.finance + +💬 https://t.me/joinchat/Or9NnJut_XI1MjAx + +📸 https://www.instagram.com/goldendoge.finance/ + +🐦 https://twitter.com/GoldenDoge11 + +📚 https://medium.com/@goldendogefinance + +👥 https://www.facebook.com/goldendoge2021/ +# Greetings Traders ! + +As always DYOR & NFA + +**$DARA** is the token of the Immutable project - A token built for decentralized storage, product incubation, and building a decentralized governance protecting the ecosystem around it. + + +The Team is fully Doxxed also got some Big Advisor as Zheng "Bruce" Li Co-Founder of NKN & Chris Co-Founder of CR !! + +&#x200B; + +📈 **General Info** + + + 🔥 NO TAX!!! yep no Tax but i suggest to use a 0,1%-0,5% slippage! + + ✔️ Total Supply 42,000,000 + + ✔️ 24h Volume 543K + + ✔️ LP \~260K + + ✔️ \~2300 Holders + +&#x200B; + +💰 **The Potential** + + + 💎 Angel Investor Bruce Li (Co-Founder & CEO of NKN Top 200 Token) + + 🚀 CG & CMC Listed + Bilaxy & 1 Inch more to come!! + + 🚀 FileCoin current marketcap is $6B. That gives us a price target of $150! + + 🚀 FileCoin ATH mcap was $21B That gives $DARA a +$450 Range!!!! + + 💎 MVP Product launching in the next Weeks + + 💎 Big Use Case read below + + 💎 Partners with V Systems & NKNx + + + 🌐 **The Team & Advisors / Partnerships** + +**Main Team** + +* Gigamesh - Well connected Crypto Journalist +* Icewave - Development Team +* Christian Busch - Creative Director +* BGNLouie - Project Director + +**Advisors** + +* Zheng "Bruce" Li - Co-Founder & CEO of NKN +* Chris Charles - Co-Founder of CR + +**PartnerShip** + +* Sunny King & V Systems - the inventor of Proof of Stake +"Single most Original Altcoin Developer" by **Vitalik** + + + 🔥 **What $DARA has** + + +1. Immediate utility - 99% of crypto projects (even the ones in top 50) have fancy whitepapers and roadmaps but their usecases wont come to fruition for years, if at all. DARA is getting ready to onboard 100s of thousands of journalists and bloggers. +2. Multiple usecases and adoption- Two usescases already being built out, more discussions on the way. +3. Legit Tokenomics and CEX potential - no tax, no burn, no funneling of your funds to random marketing wallets; eligible to be listed on CEX like Binance. With advisers like Bruce, Sunny King, this is bound to happen sooner rather than later. If it takes a year to get onto likes of Binance, DARA can make it probably in half the time. +4. Partnership with Sunny King & V Systems - the inventor of Proof of Stake, "single most original altcoin developer" by Vitalik + + +📋 **Usecase/Tech** + + +* Under the hood, FileCoin uses IPFS. +The way we ($DARA / Immutable DAO) are built, we provide decentralized storage (similar to filecoin) but we are not married or hardcoded to ipfs. +When a better tech comes along, we can move from ipfs to something better. +Something Filecoin can't easily do. +* Decentralized storage - our first usecase is creating a decentralized wiki/journalism/blogging platform like Medium. +But imagine articles can never be censored. +Never be taken down. Never be tampered with. +They get stored in blockchain along with proof of ownership/copyright!!!!! +This is just the first application of our tech. We’re gonna have more usecases and applications as time goes on. This is just day#1 + +**⏰ Timeline** + + +* Well, honestly, a lot depends on overall crypto market sentiment. Let's use Bitcoin as a proxy for market sentiment. So, when Bitcoin is crossing $60K, we'll be making new ATH records. When Bitcoin is crossing $100k+, we should be getting closer to our target range too. + + +**My Personal Statement:** + +Of all the BSC Tokens out there this is no Shitcoin!!!!! +Take your Time and do your own research and you will see how Big this is ! + + +NFA&DYOR + +TG = [https://t.me/theimmutabledao](https://t.me/theimmutabledao) + +Website = [https://dara.global/](https://dara.global/) + +Contract = 0x0255af6c9f86F6B0543357baCefA262A2664f80F +I know this is a controversial subject here, but I'm trying to find the right answer. Should the value of our primary residence be included in our NW, or maybe just the equity? +The reason why we are all so stressed is that we never evolved to live in modern society. I have been listening to the book [Understanding the mysteries of human behavior](https://www.audible.com/pd/Understanding-the-Mysteries-of-Human-Behavior-Audiobook/B00DDTGKBI?pf_rd_p=6a5ce8e4-798e-4a64-8bc5-71dcf66d673f&pf_rd_r=2Q3ASJ2EH9D1QEB02M2Z&ref=a_lib_c4_libItem_B00DDTGKBI) when I came across this insight. + +We never evolved to sit in a cubicle running from meeting to meeting 8 hours or more a day, spending the evenings thiking about things we need to do the next day, getting less than needed sleep. + +Even though we are much more well off now than earlier decades, studies show we are getting more and more stressed. + +Even though I mostly enjoy my job, I still feel much more relaxed in the weekends / vacations. + +I wonder what kind of lifestyle would be more natural, living closer to what we evolved in. Perhaps a smaller house close to or in nature instead of a big house in the suburbs; staying offline most of the time limiting information overload, having friends and family over and doing things outside, mostly pratcial stuff instead of browsing the internet and watching TV all the time etc. + +Have you ever thought that we might not have evolved to live like we do? Has this affected your path to FIRE? This is what motivates my FIRE journey, having the choice to live differently. + + + +Edit: Just to be clear: I am not saying we should go back in time to a place without modern medicine or technology. +I haven't taken a deep dive through the latest earnings, but a quick look-through shows some nasty losses. The question is, can they still stick the landing? Intel is poised to get CHIPS funding, but will still be putting a lot of money on the table during a cyclical downturn. I believe in the company's management but good leadership may not be able to take rate hikes and the demand destruction that comes with a probable recession (we're arguably in one). I suppose you can argue that we will be out of recession by the time the fabs come online, as that's still years away. +I expect some pushback on this post as it is a company that isn't considered a value company based on traditional metrics. However, as Charlie Munger is mentioned in the description of this subreddit, I'll quote his saying that "All investing is value investing". + +We could attempt to value any company, and sometimes the outcome is that it's worthless. This post is an attempt to assess the company's value from a fundamental point of view. + +&#x200B; + +This week's valuation - Palantir, was the most suggested company for me to value in the last two months, so I hope you enjoy it. + +As always, the post will be divided into a few segments: + +1. Understanding the business +2. Understanding the historical financial performance +3. Laying down some assumptions to value the company +4. Valuing the company based on assumptions significantly different than mine + +&#x200B; + +**What is Palantir? - Understanding the business** + +In one sentence - It is a software company specializing in big data analytics. + +It has been one of the most discussed companies in the last 2 years after its IPO back in September 2020. However, most do not know that the company is actually older than Facebook, it was founded back in 2003. + +To give some background, Peter Thiel is one of the founders, who was also part of PayPal. One of the challenges that they had was how to solve was identify fraudulent transactions. So, Palantir started as an attempt to solve it. Of course, as models based on Machine Learning / Artificial intelligence are being developed, they not only can be used in other fields where data is available, but they also get better over time. + +Today, more than 2 decades later, the company has both governmental institutions as clients (US Army, UK Royal Navy, UK NHS, Bavarian Police, etc.) as well as commercial clients (Morgan Stanley, Airbus, Fiat Chrysler, Ferrari, Merck, etc.). + +Over 60% of the revenue comes from the US, 11% from the UK, and the remaining 29% from other countries (none of which contributes individually to more than 10% of the company's revenue). + +What's worth mentioning is that they have a bit of a different business model that allows them to have a foot in the door a bit quicker than others. It's divided into three steps: + +Step 1: **Acquire** \- In this step, Palantir bears the cost of the pilot project and "acquires new customers". The margins are negative and they're losing money in each pilot project, but these are not large investments. + +Step 2: **Expand** \- This is when the company starts earning some revenue, the contribution margin becomes positive and they continue with vertical integration of the software within the organization + +Step 3: **Scale** \- This is where the value is actually created, it is self-explanatory, involving scaling the software to other branches/locations of the company. + +The software uses the data available (coming from different sources, also both structured and unstructured) to find trends and meaningful insights that can be used for better decision-making. + +&#x200B; + +**Historical financial performance** + +The company's revenue has grown from $600m in 2018 to $1,7b for the last twelve months (ending June 2022). The growth wasn't stable, ranging from 20% to 50%. As this is a software company, high gross margins are expected. In the case of Palantir, that's close to 80%. + +However, their other operating expenses have been quite high (as % of revenue), here's a short summary: + +Sales & Marketing - 78% back in 2018 --> 37% LTM + +Research & Development - 48% back in 2018 --> 20% LTM + +Selling, general & administrative - 54% in 2018 --> 35% LTM + +Combined: 177% in 2018 - 92% for the LTM + +&#x200B; + +It is quite clear that the 80% gross profit has not been yet sufficient to cover the other expenses, the company is yet to be profitable. Although, they did make improvements compared to 2018. + +&#x200B; + +**So, how does this company survive when losing money every year?** + +From an accounting point of view, the company is not profitable, however, from a cash point of view, they aren't losing money. Part of the compensation for employees/management is in shares/share options. This would be exactly the same if the company issues new shares and uses the cash to compensate the employees/management. In both cases, there's no cash remaining at the company and the original shareholders are being diluted. How much dilution are we talking about? If you owned 10% of Palantir at the end of 2020, you would own around 8.8% as of June 2020. + +The company has around $2,5b in cash/short-term investments and is debt-free (apart from leases). Share-based compensation has good and bad sides, but I won't go into that in this post. + +&#x200B; + +**The growth story** + +In the last couple of years, we've seen quite some growth stories of companies with huge growth that declined 70-80% when the growth slowed. Palantir belongs to this group. After the IPO, they grew their revenue by 40-50%. Assuming any company grows at such high rates for an extended period of time is very unlikely. The moment the growth declines, that's when the share price adjusts. This is one of the reasons why IPOs are in most cases overpriced. They have good numbers in the short-run and the valuation is based on those expectations (that are not sustainable). + +&#x200B; + +**Assumptions about the future** + +The management is aiming for 30% revenue every year in the next 5 years. That doesn't mean they'll deliver that. In fact, they're guiding for revenue growth of close to 25% for 2022. + +As for the operating margin (currently -13%), they're expecting it to grow to 35%. However, in this percentage, they're not taking share-based compensation into account, which is unfair in my opinion as it is an expense for the existing shareholders. There are two ways to account for the share dilution: + +1. Use the assumption of 35% operating margin that takes out the share-based compensation, in which case the estimates are closer to the actual cash movements. However, adjust the number of shares outstanding for future dilution. +2. Use the assumption of 25% operating margin (as SBC is expected to be 10% of total revenue) and leave the shares outstanding as they are. + +The second approach is easier to implement, hence I'm using it in my model. + +&#x200B; + +My assumptions are as follows: + +**- Revenue growth** of 25% for the next year, followed by close to 25% up until year 5, and then slowly decrease to the risk-free rate of 3.2%. You can argue that this is too conservative and that Palantir can grow for more than 10 years. However, the majority of the companies become stable/mature after a few decades, so there's a high probability that the same will happen to Palantir. Could I be wrong? Absolutely! However, I'd rather be wrong and underestimate its potential, so if I end up buying it at any point, positive surprises are always welcomed. I haven't met anyone who was sad because a company outperformed their expectation and made more money than expected. + +**- Operating margin** of -10% for the next year, slowly improving to 10% in year 5 and increasing to 25% by year 10. + +**- A discount rate of 12.96%** that decreases to 10.76% over time as the company matures and risk decreases (WACC-based) + +&#x200B; + +Based on these assumptions, the fair value of the company is $9,6b (**$4.66/share)** + +The current market cap is $16.05b ($7.78/share) + +*Note: I have taken into account the cash, debt, and deferred taxes on their balance sheet as well as the outstanding equity options.* + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will grow by 445% to $9,5b in 10 years and the operating margin will be 25%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|330% ($7,5b)|$3.00|$3.74|$4.41| +|445% ($9,5b)|$3.75|$4.66|$5.52| +|600% ($12,2b)|$4.68|$5.84|$6.93| +|750% ($14,8b)|$5.62|$7.02|$8.34| + +The table illustrates how much the company needs to grow and how high should the operating margin be so that Palantir is fairly valued today. + +For the last row of 750%, the company needs to grow between 25-30% annually for every year in the next 8 years. + +In 2020, the company provided some information about its total addressable market ("TAM"). In most cases, companies exaggerate when it comes to this. Here's what Palantir shared: + +\- Commercial TAM - $56b + +\- US government TAM - $26b + +\- International government TAM - $37b + +With the last scenario, they would capture over 10% of their initial TAM which I don't expect to significantly grow over time. Of course, I could be wrong. + +Feel free to share your thoughts on Palantir, their offering, the valuation, or anything else that you believe adds value to the analysis. +Don’t think anyone will be too surprised by this. + +I think I’ve been to the my local cinema twice since covid, initially it was very busy but the last visit to see Thor it was very quiet for such a big film. +Writings been on the wall since the start, for those that bought shares, treat it as a good learning exercise. I made the same mistake with HMV a decade ago. + +https://www.bbc.co.uk/news/business-62607998.amp +Think about it. The SEC has been absent from the fight for better markets for a long time and now there is a new sheriff in town. By participating in the creation of new rules via commenting and interaction we can be part of the solution. Shitadel an friends act in shadows, we Act in daylight. We should represent the future as we seek it to be. Be respectful and Gary Gensler will see us as an ally in the quest for fairer markets. + +By doing so he will also make the Hedgies bleed harder and eventually cause MOASS. 😎👍🏻 + +TLDR: Gary Gensler deserves the benefit of the doubt and we can be part of the solution for better markets. MOASS is only denied by bad players. Change for better markets helps MOASS happen sooner I believe. +Enough is enough. The US has the most corrupt stock market and regulator (SEC) in the world. + +People often sneer at African nations for having corrupt despot institutions and governments, yet for example Nigeria has a more transparent marketplace than US, and installing blockchain based settlement which makes the issues we have seen here impossible. + +SEC is the only regulator in the world which sees most cryptos as “securities”, why you ask? Because if they are designated as securities it makes crypto absolutely useless as they can’t perform their function with this designation and the hyper laborious loopholes you just jump through. Meaning the incumbent system stays on which means they can just press a button and make their problems go away with a centralised ledger with no public oversight. The opposite of blockchain. + +SEC is one of the few regulators in the world that does no heavily criticise PFOF. The most they said was “we are looking at the pluses and minuses”, as if they didn’t review this for the many years it’s been installed. + +Nothing against the American people, but I simply can not invest into anything American again after this. It’s an absolute shitshow and shameful how brazen the corruption is and how smug they are knowing the “congressional oversight” who oversee them are just as corrupt as the SEC. Bradley Sherman, the head of the SEC oversight in the house, is an absolute corrupted vermin piece of shit. + +Voting will never solve this in USA. + + +Edit: yes of course I will invest in USA again if the transparency and certainty of the game’s rules for everyone, including JPM and Citadel, meets a reasonable standard for 2022, not 2002. +I've seen a lot of posts talking about how much people spend on medical insurance / expenses, but not so much on physical everyday health. I was watching a video about LeBron and how he spends $1.5MM on his health a year ([https://www.youtube.com/watch?v=ZKmaNoGQ\_Ak](https://www.youtube.com/watch?v=ZKmaNoGQ_Ak)), and wanted to know what the fatFIRE community does for this, and how much they spend. I'm curious about the holistic approach of this community towards this topic (food / meal prep, fitness, personal trainers, etc). + +Personally, I started making $200k+/year a few years ago and want to start spending more on staying healthy. I've been fit my entire life (gym, playing sports, eating pretty clean) and want to make sure I stay like this as a I get older. I'm not sure how much I should allocate towards this a year, and wanted to see what this sub recommends / does. +So this is probably going to be downvoted, but I have always wanted some feedback on my opinion: + +In my experience, most people act completely retarded when it comes to finances. While I have always tried to restrain my spendings in an attempt to acquire wealth, almost everyone I know does the following: + +- Buy/maintain a car, even when they still pay rent, and regardless of whether moving closer to their workplace would be cheaper. Walking to work a mile or two has become inacceptable. + +- Rent, when buying is cheaper. + +- Buy insane amounts of gadgets/stuff. + +So they continue to make all these payments, all of which end up in the hands of wealthier people. + +I guess I shouldn't be complaining, because I am working my way up the ladder at increasing pace, so they'll effectively pay me as well. But those same people later complain about the widening of the gap between rich and poor, and cry for more taxes for the wealthy. + +Until you own your own place, owning a car and buying non-essentials should be off limits (unless you need a car for health reasons or something). Personal finance needs to be made a part of basic education. +Major first world problem: I want to work and be productive with my life (only 24), but I can't justify working 50 hour/week entry-level engineering roles for \~70k/year when that now represent less than 1% of my net worth. It just seems like a terrible use of time management. + +I am on-board with the idea that I likely am not able to outperform the stock market by actively investing in it. I've set my asset allocation through a lot of research and with the help of fee-only financial providers and am happy with it (I'm about 60% equities (mostly domestic some international), 35% bonds, 5% REITs).. I plan to re-balance every 3 months. I am not worried about this aspect - I also have the advantage of having the free consultation service of my father who has a background in finance and manages an even larger portfolio himself (and done so successfully). + +I know I could sit in France or Costa Rica on a beach and just enjoy life.. but I'm too young and feel like I haven't accomplished anything (well I really haven't, other than maybe my degree). I want to continue to generate money and hopefully contribute to society as I do it. + +What areas can I pursue that would potentially allow me to work 30-50 hours/week and generate a sizable return? And how would I get involved in these areas? + +My immediate thoughts and ideas I've briefly explored: + +\-Real estate investing (value-add multifamily housing, or new development), either through a syndicate or individually + +\-Small/medium business ownership (either starting my own or purchasing an established one) + +\-Peer to peer lending? + +Any other options? + +Essentially just looking for lucrative active investing opportunities where I can work hard, be my own boss, and hopefully outperform the returns of passive investments. + Hello. My father is going to retire this month and would be receiving 1.25Cr as gratuity/PF. + +He is really conservative on investment and basically has not thought much. He won't be getting any pension either. + +What would be a good place to put the sum so that he can get returns of 50-60K a month for at least the next 20-25 years? + +Thank you in advance :) + +Edit: It would be nice to keep beating inflation too since 20y is a lot of time. + +Edit: Thank you so much kind people for an amazing response. Amazing pointers and perspectives have been brought here and I have started exploring them. Thank you :') + Hello. My father is going to retire this month and would be receiving 1.25Cr as gratuity/PF. + +He is really conservative on investment and basically has not thought much. He won't be getting any pension either. + +What would be a good place to put the sum so that he can get returns of 50-60K a month for at least the next 20-25 years? + +Thank you in advance :) + +Edit: It would be nice to keep beating inflation too since 20y is a lot of time. + +Edit: Thank you so much kind people for an amazing response. Amazing pointers and perspectives have been brought here and I have started exploring them. Thank you :') +I turn 38 today. Awhile ago I got diagnosed with Parkinsons and basically lost everything. I had a good job, a car, friends, a nice home, I had a lot. And now I sit here shaking because I have nothing and can not even afford to go to the pharmacy. + +I do not want to make this long. I am not even entirely sure why I am writing this. I guess I just want other people in this position to know that they are not alone and that even if we do not know one another we can still relate. Being poor sucks a lot but some day we will get out of the spot we are in and things will be better. + +If anyone else is hurting and would like to talk you can message me or DM me or PM me or whatever the difference is. I can not do much to help but I can talk and listen. Thank you. + +EDIT- I did not think this would make as many waves as it seems to have. I wanted to reply to everyone but I may not be able to so hopefully everyone understands. I just want to say thank you so much because even though you are all strangers you still have made my day much better than it would have been laying around by myself knowing that not a single happy birthday was coming. So thank you again + +Edit 2- I am trying my best to read everything even though I do not think I'll be able to respond to all the messages and comments I have received. Thank you all so much. It really means everything to me +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Amid all the mod drama, dates hype and other distractions, I guess no one has noticed that [one of GameStop's most interesting new job postings is for a "Director of SEC and Financial Reporting](https://www.linkedin.com/jobs/view/director-sec-and-financial-reporting-at-gamestop-2615517946/)," which could indicate that GameStop is about to get a lot more serious about SEC engagement and shareholder protection by devoting an entire full-time $100-150k position to the responsibility. + +The new hire will be responsible for monitoring SEC developments to identify and document the potential impact of new pronouncements or other authoritative guidance and manage the implementation of the related disclosure requirements. Most intriguingly, the position will oversee "the equity process including tasks related to stock-based compensation, equity rollforward, shares outstanding, calculation of basic/diluted EPS, including an evaluation of the dilutive impact of equity-based awards with performance conditions." + +The inclusion of "shares outstanding" in the job description is probably routine but might also be interpreted to imply an upcoming effort to reign in or otherwise grapple with the problem of naked shorts, FTDs, etc. In addition, calculation of basic/diluted EPS (Earnings Per Share) is directly related to potential issuance of shareholder dividends and/or a merger, as discussed below. + +[The Balance explains](https://www.thebalance.com/basic-vs-diluted-eps-357566)...What are Basic and Diluted Earnings per Share? + +🚀 "When you dive into the income statement (also known as the company's "profit and loss statement"), you have to do it on two levels. + +* First, look at the entire business: How profitable is the company as a whole? +* Second, examine the profits per share: Publicly traded companies are cut up into individual pieces or "shares." Each of those shares represents part of the overall ownership pie. How much of the after-tax income is each piece of the company entitled to receive?  + +🚀 Basic earnings per share is a company's net income, minus cumulative preferred **dividends**, divided by the number of common outstanding shares. Diluted earnings per share represent the company's net income minus preferred dividends, divided by the total of the weighted average number of shares and other dilutive securities. + +🚀 To an investor who is looking for **dividends**, the second figure is what counts. A company might create more profit each year but give little of that profit to the shareholders per share. That is not good for a shareholder who invests for dividends, but it might be good for someone who looks for rising share values. + +🚀 Profits get lost on their way to shareholders (diluted) for many reasons. For instance, a **merger** may result in new shares being issued; employees may have stock options with vesting periods that are ending; there may be securities such as warrants or convertible preferred stock issued that dilute a stock." + +[This other blog further explains](https://businessdegrees.uab.edu/blog/basic-eps-vs-diluted-eps/) "earnings per share (EPS) is a measure of a company’s profitability and, by extension, a key indicator of its overall financial performance. In its most fundamental form (basic EPS), it indicates how much profit is assigned to each share of its common stock, which is valuable information for the firm’s investors. + +🚀 A high EPS generally indicates that the company has the money either to pay out via **dividends** or reinvest in the business itself, whereas low EPS implies the opposite. Accordingly, how a company’s reported EPS squares with capital market expectations can cause significant fluctuations in its stock price. + +🚀 In addition to basic EPS, there is also diluted EPS. This measure accounts for any convertible securities — such as employee stock options, convertible debt, convertible preferred shares, and warrants — that could be exercised, thereby diluting the EPS figure. Note that diluted EPS is by definition a theoretical figure, since it assumes something that hasn’t happened yet. + +**Basic vs. diluted EPS, explained** + +🚀 The formula for basic EPS is relatively straightforward. An accountant will subtract the company’s dividends for preferred stock from its net income, then divide that number by the weighted average of the common shares outstanding over the applicable accounting period. In calculating this weighted average, accountants must factor in any stock splits, stock dividends, share repurchases (also known as stock buybacks), and shares issued. + +🚀 The basic EPS figure is in theory a great indicator of a company’s financial health and stock price. Indeed, high EPS implies that it is a worthwhile investment. However, there are some distinct limitations to EPS: + +* The existence of stock buybacks — which have surged since the 1980s — means that a company can reduce its total number of shares outstanding without actually increasing its net income, leading to a deceptively high EPS. +* **Mergers** and acquisitions can distort EPS. +* EPS does not provide any direct indication of a company’s debt position or financial leverage, two figures that any informed investor will want to know about. Plus, debt might be issued for buybacks. +* Any adjustments in a company’s accounting policy — note that generally accepted accounting principles (GAAP) are not law — can result in changes in EPS. +* EPS does not reveal how much capital was needed to generate the figure in question. In other words, two companies could have identical EPS numbers but radically different amounts of capital used, meaning that one made much better use of its resources. + +🚀 Now let’s turn to diluted EPS. The formula is dividends for preferred stock subtracted from net income, divided by the sum of the weighted average of shares outstanding and the impact of all dilutive securities, including convertible shares, warrants, and stock options. As a result, diluted EPS is lower than EPS. + +🚀 Diluted EPS can be complicated to calculate. For starters, an accountant would need to determine what it would cost to exercise the company’s issued options, based on the strike (exercise) price of the shares in question multiplied by the total number of options. + +🚀 That figure would then be divided by the current market price of the stock, which would yield the number of shares that could be purchased with the value of the exercised options. Finally, subtracting that figure from the sum of the outstanding shares would provide the number of excess shares necessary for meeting the company’s obligations." + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +TL;DR: GameStop is hiring a new Director of SEC and Financial Reporting who will broadly deal with and oversee many aspects of $GME stock of concern to shareholders. This is a high-level position with a salary up to $150k. It's super bullish for shareholders because it means that a Certified Public Accountant with deep experience will be working full-time on SEC issues and the equity process. + +Edit 1: Many commenters are expressing that this is a "normal" job position at many public corporations. This is definitely true. You can search the web and find a bunch of similar job descriptions at other companies. The relevant question is why GME needs to hire a Director of SEC and Financial Reporting, at this point in time, and how long and why the position has been vacant. This is pure speculation on my part but I have a hunch that GME hasn't had a dedicated individual in this position for a while, and the role of SEC reporting has been carried out recently by a team led by Chief Accounting Officer Diana Jajeh. Her bio on GameStop's website states, "Under her leadership, Diana and her team continue to enhance the organization’s global capabilities and service offerings in the areas of governance and compliance, accounting advisory, SEC reporting, tax planning strategies, treasury operations and capital planning and process improvements and system implementation." The last record I could find of someone filling a Director of Financial Reporting position at GameStop is an individual who was in this position for 3 years and 9 months until April 2020, according to his LinkedIn profile. Given the financial challenges GameStop was going through in 2020, the position may have been vacant for over a year as a money-saving measure, with its responsibilities assumed by others in the organization. The old job title was Director of Financial Reporting; the new title is Director of SEC and Financial Reporting. The new position is one of the first high-level jobs that GME advertised after raising $1.1 billion from the mid-June 2021 share offering. It wasn't my intention to imply that this sort of position is unique to GameStop, but I do think it's great news (and bullish) that this position is a priority now and will soon be filled. It's going to give GameStop extra firepower dealing with SEC and equity issues at a very pivotal juncture in the company's transformation with shareholders eagerly awaiting progress. + +Edit 2: I think it's super freaking awesome that this post resulted in MORE THAN QUADRUPLING (so far) the number of applicants for this position via LinkedIn! When I first posted, only 2 people had applied for the job via LinkedIn. Now with all of the attention from SuperStonk and other subs, in less than 24 hours the number of applicants via LinkedIn has gone up to 9! This means there is a real chance that an ape could be hired as GameStop's next Director of SEC and Financial Reporting. How cool would that be? Good luck to all of the ape-plicants, I hope one of you gets it! + +🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +Other than a speculative asset with a glorious whitepaper and an impressive "ex workers" of big name companies all around the world, they all promise the Moon but underdeliver. I have yet to see something that has an actual use in realife that is using any of those tokens/coins technology. + +I understand that there are companies looking into metaverse, NFTs or accepting Bitcoin as legal tender, but those are very niche and far +from mass adoption. + +Honestly talking the only projects i've seen of use are cost cutting protocols such as MATIC & LRC for transactions, and Brave Browser (BAT) which i actually find it awesome to use. + +Do you have other opinion? Are we throwing money into the void? + +Are we any different from gambling our money if the rate of uselessness is so high? +Is this the Korean ants again and just an excuse for when the price inevitably rises in the next couple days? Is this an attempt at making people here look like they’re trying to manipulate and persuade others to buy the stock? Something smells fishy here to me. The amount of members on the sub hasn’t really increased significantly at all yet the amount posts about new people here are insane. All I know is buying, holding, and drsing. Thoughts anyone? +Paid off my credit card today! Wasn't a huge limit, but one less thing to worry about and one step closer + +ETA; thank you to everyone for the overwhelming support!! Such an incredible group of people and super supportive. Thanks to this group I've definitely become more money/finance savvy. Thank you to those that have given this post awards too, really appreciate all of you + +Also should have added that I paid off and closed the account in the same phone call! +These swings are gut-wrenching and this one is particularly gruesome. However, as some have pointed out... these happen with relative frequency in crypto land and every single violent dip has (eventually) been met with a return to ATHs. + +I find the dips aren't so scary if you stop and understand why crypto is uniquely insane with volatility. + +1. Crypto's market cap is still small compared to, say, global stocks. Total crypto market cap is $278 billion right now. Apple almost has that much *cash on hand*. This lack of inertia means it can fly all over the place. +2. Crypto is basically completely unregulated. That means money can come and go extremely rapidly. In most markets, large banks have to account for what they are doing most of the time. This red tape provides a degree of smoothing you don't get in crypto. +3. Crypto investors are relatively young and emotional, leading to exaggerated panic selling and FOMO. Seasoned investors have emotions too, but act more methodically. They would, for instance, have scheduled accumulation or divestment plans rather than waking up one day and saying 'oh shit' and pressing the sell (or buy) button. +4. Crypto investors are relatively young and inexperienced. Rather than focus on fundamentals like developer mindshare, network effects, scalability, roadmaps, etc and make long term bets based on them, they're just chasing hot numbers and looking to get rich overnight. I would venture to guess many young traders didn't even factor in taxes when trading during 2017, which may be the true cause of this panic selloff; folks are having to liquidate completely just to pay the tax man. + +There are probably more, but these are the big ones. + +The good news is that none of this undermines the central promise of cryptocurrency or Ethereum. + +1. Crypto took off because people woke up to its power: autonomous computational services. DNS with no ICANN. Casinos with House. Checking accounts with no bank. This is a big, big, BIG deal from an innovation perspective and everyone knows it. +2. Ethereum is *by far* the coin best-positioned to capitalize due to its existing network effects (primarily developer mindshare at this point), true scarcity (thanks to network effects), strong governance, and coming scalability and privacy improvements. +3. Whichever coin leads will REALLY lead. It won't be like "oh we have Ford and GM and Toyota that are all relatively equal". It will be like Facebook or the Internet itself... network effect dominant. +4. Unlike the late 90s internet, crypto is poised to roll out much faster. The dot com bust happened at a time when the necessary infrastructure simply wasn't there yet and wouldn't be for a decade. We had no broadband and no smartphones. Web 2.0 wasn't even a thing yet... the web was basically still brochureware and some very rudimentary e-commerce. With crypto, there is no hard infrastructure to build. It's already here. We just need CASPER and z-Snarks and what not to be hard-forked in and we're off to the races. There is hard work to be done around UX, security, scams, etc but the road looks a lot easier than building a global IP network to handle trillions of packets a day. + +I'm still a holder of Eth as i have been through all previous downturns. I've watched millions come and go and honestly, with some gains in fiat, these things don't rattle me anymore. I believe in the tech wholeheartedly and think you should too. + + +*Stunned by the large number of projects jumping ship from Ethereum*...OH WAIT, that is not happening...at all. + +As an investor, I don’t just perform my own direct analysis of a project or company. I look for secondary indicators of the analysis others perform, via their actual decisions (i.e., investing time and money). + +Many of the people developing the literally hundreds of projects on Ethereum are among the most knowledgeable individuals in the Blockchain space. + +How many of them have decided, after all of *their own technical research* that Ethereum will not meet their needs, and that they must switch to EOS, NEO, Cardano, Hashgraph, or whatever? + +*Answer: Almost none.* And that is very, very telling. + +If those platforms were actually expected to be that much better by those in the know, and could deliver faster than Ethereum, you would see developers jumping ship en masse and every new project being developed on those platforms. But they are not. And those very few that have moved are often exposed as borderline pump and dump cash grabs (e.g., KIN to Stellar, then not). + +Ethereum continues to enjoy by far the best developer network effect. Thousands of those smart developers think scaling will happen and work, and possibly very soon / before anyone else. So do I. That’s why I continue to hold my ETH and buy more as the market value declines. +Let me know if it'd be any better to post this on a different sub. + +&#x200B; + +I work at Panera; at the end of the day, we collect and package almost all of our bread and pastries for local charities. I say almost since we still end up tossing ALL of our unused, sliced bread every single night. If nobody shows up for the donated goods, that also ends up in the trash. + + +I'm not sure if this is the case for other locations, but I figure that anyone that's low on cash for food might find this information helpful. I feel absolutely awful letting so much food go to waste all the time. +"Your goal as an investor should simply be to purchase, at a **rational price**, a part interest in an easily-understandable business whose **earnings** are **virtually certain** **to be** **materially higher five, ten and twenty years from now**. Over time, you will find only a few companies that meet these standards - so when you see one that qualifies, you should buy a meaningful amount of stock. You must also resist the temptation to stray from your guidelines: If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes. Put together a portfolio of companies whose aggregate **earnings** **march upward over the years, and so also will the portfolio's market value**." - Warren Buffett +Don't trade they say. + +Don't try and time the market they say? + +think long term they say! + +I also took the money I saved for HS for my daughter because I got tired of making .22 interest every month and bought UPS at $205. It was already down 15% off it's high and was paying a 3%+ dividend. + +what could go wrong? I don;t need the money until next year. + +safe, blue chip company, buy on the 15% pullback + +re-iterated earnings + +increased divided + +It's $169 today, I,m down another 15% lol + +I'm about to sell everything and go to cash, so I guess the bottom is close. +My dad died about 2 weeks ago and left my sister and I money from his life insurance policy. My sister and I are the only beneficiaries to it so we will be splitting 250K evenly. + +I just wanted some thoughts on my plans for what I'm getting + +I make about 63k a year + +I'm married and my wife and I's finances are split. + +$125k + +Payoff debt: $30k +Fix car: $2k +New computer: $2k +New guitar: $1200 + +The rest of it I want to put into a Money market account and put about 400$ a month into it. + +I was looking into Citizen bank since they have a 2.1% APY + +I figured an MMA is the safest place to keep the rest of it and build my savings. + +Any advice? +North Carolina. + +Put in my notice last Friday. About an hour later I was informed that two weeks notice would not be necessary and that my resignation would take effect immediately. + +Am I eligible for unemployment? My new job does not start until the 13th. + +I collected my last check today and it did not include this week or next or the PTO I had available despite my inquiries. +I went to a university in my state for one semester before withdrawing due to a LOT of issues with them. In order to fully withdraw I had to get a paper signed off from the financial office showing that I did not have an outstanding balance with the school. I even triple checked with the financial office lady to confirm because I had withdrawn from a class which could have affected my scholarship. (I don't qualify for financial aid.) She assured me that I didn't owe anything and signed off on the form to let me go. + +Over a year after withdrawing, I decided to apply to different colleges to finish my degree. Once I started requesting transcripts from the college they said that they would not release anything because I owe them $8,000 and I've been getting calls from debt collectors about 3x per week. It took them over a year to realize that I dropped a class that would have voided my scholarship despite me telling them multiple times. They told me to pay online, but the online portal showed that they actually owed me money and that they were trying to bill me for a semester that I never attended. Thankfully they undid the charges for the extra semester, but I still owe $8,000. + +I know that I have to pay them the money that I owe, but I honestly have no idea how to proceed. I'm only 22 and I don't make enough to pay them everything to get my transcripts in time for the upcoming semester. I will say that I do take some responsibility for not hounding the college enough so they fully updated my account but I feel like they also really dropped the ball... + +Do I go straight through the debt collectors to pay off a little at a time and put off school for a while or am I able to take out a student loan to cover everything? Like my username suggests, I am mega confused about what to do and any help or advice would be greatly appreciated! + + +Edit: Thank you all so much!!! I honestly thought that maybe one or two people would reply so the amount of advice I've gotten so far is crazy. I'm going to get a copy of the form they signed off on and provide it to the debt collector. While I'm at the college I'm also going to try and negotiate the price down since they waited over a year and didn't give me any warning at all. If things don't work out I'll definitely be posting in /r/legaladvice +Super stoked. I’m dual enrolled in high school and community college, so I was able to open a college account without a parent co-signing. I’ve been stressing about money my whole life. It feels really good to have it all safe and in one place - six years of birthday money, selling old clothes, tutoring, and lots of odd jobs and miscellaneous bets. I know it’s not enough to subsist on my own, but I feel much better with something to lean on. + +Edit: thanks for the kind words, everyone! +PixlCoin is an advertising/safer defi utility token that stays true to its word regardless. The team scour every source and spend hours checking contracts, wallets, audits and doxx/kyc material every week to bring their investors new opportunities with the lowest risk of scams possible. Always under the principle of DYOR still. + +Hosting Ama's, bringing like minded teams and investors together in one giant pool. Continually supporting and progressing side by side. + +The team & token: +Properly doxxed, all bought in as regular holders +Certik audit +Known friendly whales but to a low dilution against smaller holders + +Utility: +Pixl Rush game already out on Android, pending IOS release (supports in app ads) +Desktop game near completion +Flagship 1M Pixel Pad launch due by mid December (revenue source, paid advert/post spots per pixel charged depending on size, funds circulated back into PXLC) + +Recently announced Pixel Verse stage one, a 90s retro arcade built within a meta verse, endless possibilities with a modular design (consider the primary utility and let your mind wander) launch also expected mid december + +2.2mcap, previous ATH 8.5m after the usual CMC and CG paper chasers and the bloodbath that recently hit most of defi and crypto hard. + +1bn supply +Locked liquidity +Fair tokenomics including 2% redistribution, buyback and marketing wallets for futureproofing +Not named after a dog or famous person + +Https://pixlcoin.io +Contract: 0x72d2946094e6e57c2fade4964777a9af2b7a51f9 +https://www.certik.com/projects/PIXLCoin (excuse the 6% secure rating, team refused to be blackmailed by a scammer selling upvotes so votes got botted to 0%) +There is currently a PROPOSED RULE that absolutely needs to be seen by everyone that calls themselves an ape. In fact, I'd argue the future success of Superstonk depends on it... + +# Modernization of Beneficial Ownership Reporting + +[https://www.sec.gov/files/33-11030-fact-sheet.pdf](https://www.sec.gov/files/33-11030-fact-sheet.pdf) + +# Why should you care? Glad you asked… + +“…the proposed amendments would provide new exemptions to **permit investors to communicate and consult with each other, jointly engage with issuers, and execute certain transactions without being subject to regulation as a group.**” + +Read that again... + +Imagine a world where the apes are working directly with the companies they own ensuring our investments are protected and acting as a group, representing individuals, providing the necessary safeguards for our retail brethren. + +# THIS IS THE WAY. + +If you love the stonk. If you love this sub. If you love being an ape. + +THIS IS YOUR CHANCE TO SOLIDIFY OUR EXISTENCE AS RULE. This rule is for us! + +Make your voice heard! They are literally begging us to comment on these rules. + +LFG 🚀🚀🚀 + +—————————————————- + +**Review the facts:** [https://www.sec.gov/files/33-11030-fact-sheet.pdf](https://www.sec.gov/files/33-11030-fact-sheet.pdf) + +**Search Proposed Rules for 2022 Q1:** [https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) ( look for Release No. 33-11030 ) + +**Get that real world karma and** fucking comment! They make it hard to comment on the rules so I made this to help fellow apes navigate the Proposed Rule listing + +https://preview.redd.it/adfzhraaz6n81.png?width=951&format=png&auto=webp&s=b0fb0df0ba70dca974ef1ab6b6dccd575944f21d + +# Submitting a Comment Letter—Some Key Points to Remember + +1. **There’s no magic formula** but there are some things you can do to help your comment letter have the most impact. +2. Include the File number for the rule. The subject line of your message should include the File Number for the rule. This is the number that begins “S7-” or “SR-” and you can find it at the top of the rule proposal. +3. Briefly describe who you are and why you care about the rule proposal. +4. Set forth the points you want to make. For example, you can:\* Identify weaknesses in the rule that the agency should change\* Express support for the rule\* Share or cite any relevant data, research, or reports you think the agency should consider +5. Attach any documents you think support your arguments. + +**BUY, HOLD, DRS, and COMMENT 💎✊** + +Edit: Added some key points for commenting from [https://bettermarkets.org/get-involved/](https://bettermarkets.org/get-involved/) +Lots of people panicking about crypto and the market bleeding. Market makers are preparing for margin calls, and a lot of people have no clue what will happen in the following weeks. The only security in these market conditions is GameStop. When the margin call happens, don’t tell anybody “I told you so” and keep your shares/profit to yourselves. Prepare to hold to the millions. If you decide to paperhand, which some will, understand that you dictate how much you want to sell your shares for. If all of us as a collective hold tight, we can all change the future of our families and everyday regular investors. This is for 2008. Hold the fucking line apes. + +Edit: I am not a financial advisor, just an ape who loves GameStop stock. +Can a commercial bank merely give a new loan by writing a number (eg. 20,000 dollars) on their balance sheet, regardless of how many deposits/reserves they have? + +Or, is it more like depositor deposits $10,000 in their checking account and the bank lends out, say, $9,000 to someone else and now, this $9,000 belongs to the original depositor *and* the borrower (who owes it to the bank)? + +Or something different or what? +Lite Access has industry-leading products in fibre-optics and advanced installation methodologies. They specialize in complete, integrated solutions including proven and approved alternate deployment methods for fibre installation. Their technologies are used in high-profile communication networks including Olympic, military and government facilities. + +**BACKGROUND** + +* Services include microduct installation, fibre blowing/splicing, cost studies, aerial construction, emergency restoration and providing expertise to their clients. +* Their revolutionary microduct technology has made end-to-end fibre connectivity a viable, cost-effective and risk-free bandwidth solution for clients around the world. +* Additional [products](http://liteaccess.com/products/) include Fibre-optic cable, Aerial Micro-duct, Low Fire Hazard Micro-ducts, connectors and sundries. +* Head office located in BC, but also have offices in England. + +**THE NUMBERS** + +* Current price: 0.3000 +* Outstanding shares: 59M +* Market cap: 17.753M +* Total fiscal 2020 revenue of $18,867,242 which is an increase of 55% compared to last year + +**MOST RECENT NEWS** + +* Lite Access Announces Intention to Acquire AMEC Cutting & Coring Limited (Read here: [https://ca.finance.yahoo.com/news/rcu-releases-stori-app-help-232400326.html](https://ca.finance.yahoo.com/news/rcu-releases-stori-app-help-232400326.html)) + +**OPINION AND** **POSITION** + +* LTE has a huge chance to grow and be on top of the industry because of its cost-effective and innovative products that will allow them to beat out their competitors. +* Looking at stock prices for similar companies they are all trading over $1, which I think is very doable for LTE. +* I'm hoping they will continue to expand by partnering with more local and international companies, even with the loss of UK contracts. +* Just got in today for 1,986 shares @ 0.275 + +**OTHER** **SOURCES** + +[https://ca.finance.yahoo.com/news/class-action-launched-behalf-residents-110000945.html](https://ca.finance.yahoo.com/news/class-action-launched-behalf-residents-110000945.html) + +[http://liteaccess.com/](http://liteaccess.com/) + +Since $BES.V popped off today (after my post last night), I thought I would make another to see how everyone is feeling about $LTE.V. Also, it is available to trade on Wealthsimple. +Preface: + +The game that is being played is not simply *just* a House of Cards. I’d argue that it's ***far larger*** *(no heat towards attobit, luv ur material, wouldn’t be here without it, truly <3).* The massive entities we call the Big Banks, the Market Makers, the Short dicked Hedge-funds, The Fed, etc, do not simply fall down over the course of a day. No...I’d argue that when they fail..they come crashing down from their **Castle of Glass.** One that has been forming cracks throughout its structure ***since the day it was conceived.*** A deteriorating castle which can **no longer be unseen, nor..undone. Only, replaced.** + +Before we get to the **solution** though, you must first understand the **core aspect of the problem. To highlight this problem, I’ll be referring to a post that is an** ***absolutely essential read*** **so the second half of this post makes sense.** (You’ll find it below in a minute) + +I’ll break everything down in the simplest way I can so you have an idea of what you’re walking into. Just know we’re going to be discussing ***everything*** **from the OP, his** ***name***, ETFs, RRPs, NFTs, and the glorious three words, which may very well tie them all together. ***Game on, Anon.*** + +So without further ado, + +\--------------------------------------------------------------------------------------------- + +# Part I: The Crux + +This post is a follow-up to my previous. I had attempted to shine some light onto a DD that was flying far too under the radar for the God-Tier level of information contained within it. It was posted roughly a month ago. It was unlike any I had read before it and till this day, continues to be unlike any I have read since. I’m talking thermonuclear level of information here. + +This is the case for a few reasons. I’ll outline them below so you have a brief understanding to start. (I’ll also be quoting/referencing myself from my other post a few times to save time, so if you see similarities, just know I’m a lazy fuk). + +1. **The author:** The OP behind this DD went by the name, u/leavemeanon. Shortly after dropping this thermonuclear analysis on ***HOW*** the shares have been suppressed and ***WHERE*** they are most likely located. He vanished, but unlike the Avatar’s flake ass, his job was done. +2. **The Job:** ***exposing the primary methods of fuckery utilized by the short gang, the Big Banks, and even the Fed...down to the BONE.*** The depth of analysis here is ***still*** astounding, but that’s not even the kicker..its the fact he drops a God tier DD and makes a claim like this: + +https://preview.redd.it/b258dyt2y5b71.png?width=704&format=png&auto=webp&s=6ba0fddb29ca59535ad5bca765ddbbf4094b4643 + +u/leavemeanon's DD: [https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +The profundity of the statement in yellow is something that you will ***only understand if you read his post.*** The likely realization you’ll come to once you do is that there is absolutely **no way that someone making** ***this claim***, drops a DD with this kind of analysis, then just goes off and deletes his account. + +Self quote: “When asking myself, why tf would someone go this far into a DD analysis and delete their account shortly after? Along with going by the name u/leavemeanon, I found myself coming to the same conclusion each time: + +***This. is. what. this. guy. does. He might as well be an unofficial whistle-blower who wanted no traces back to him, bc the info contained in his DD is PRECISELY what is occurring right now.”*** + +I wrote this statement on my previous DD just over a month ago. I want you guys to pay special attention to that last sentence because if you read through that post, you’ll realize one more thing. + +**It’s not only** ***still*** **dead on, but becoming even MORE relevant in relation to the events it had described a whole-ass** ***month back.*** + +Now if you haven’t read the post for some dingle reason..I’ll provide you OP’s ELI5 to give a snippet of the **problem**, b/c if we do not understand the ***problem,*** **then the** ***solution*** **will not make sense.** + +https://preview.redd.it/31f2e78rw5b71.png?width=701&format=png&auto=webp&s=2d74be4b534839192341f10a0fb1e770ff647ddb + +So where does the problem truly lie? Based on OP’s post. It’s none other, than **the fuckin ETFs.** OP explains the inner workings of the ETFs in a way I’ve never seen anyone do before. He even links this video for us real special apes, to understand. + +[https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s](https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s) + +So assuming you now understand the problem, here’s an idea of the **severity**, as disclosed within part 3 of OP’s post. Spoiler alert, + +https://preview.redd.it/jcke95lsw5b71.png?width=707&format=png&auto=webp&s=9d961d2f3a843e270ecc6747f7703dcd87fc1ca2 + +We’re not done yet, remember..only once you understand the ***full extent of the problem, will the solution make sense.*** So to add even more juice to the flame, here’s a video by **Charlie Vid’s**, which he released on July 10th. It shows how all those **RRPs**...you know..those multi-fuckin billion dollar funds being moved around on a **daily basis...are likely piled** ***right into the fuckin E T F’s.*** + +[https://www.youtube.com/watch?v=NhS5FgfO6Jg](https://www.youtube.com/watch?v=NhS5FgfO6Jg) + +This video has only stood to further validate the point u/leavemeanon **made a whole ass month back.** The information he’s discussing is still pretty novel and needs more eyes, but the connection he makes in that video is hard to argue against. Even if you don’t fully grasp wtf that shit means, and let's be honest, most of us still don't b/c RRPs are the most absurdly convoluted thing on this planet. Nonetheless, the big picture is pretty evident. From this video, it seems almost entirely plausible that these transactions between the Fed and the other end of the parties involved (the Big Banks) are being done illegally at historic levels, to ***keep the entire market from collapsing.*** + +To provide a better idea of what *may* be going on here, I'm going to refer to someone who seems to have a far clearer grasp on these transactions than myself. I'm fine with speculating on most things but these RRPs though, I'm way too smooth-brained for that and the last thing I need is to be throwing a 69th definition of what they mean into the mix. + +https://preview.redd.it/hpucxdxtw5b71.png?width=1121&format=png&auto=webp&s=79fbcdd82cae68bad05dffec310c6f841199ee52 + +This may also explain why most of the rules released in relation to the derivatives market seem to have only slowed down recent events, but not much more. I'm saying this because the way some of those rules were written, they sounded like they would dice up the short's plan of approach completely. Though there does ***seem*** to be a clear impact on how GME has been trading since most of the rules were implemented, ***they haven't ended the game.*** To me, this likely means that the greatest source of fuckery held by Shortgang and Co. lies elsewhere. + +The Married-puts, the dark pools, or whatever else method of manipulation these limp-dick cum-dumpsters have up their sleeves may be *some* of the better-known gears behind their scheme, but I'm willing to be ***it's the ETFs, which are the true source of their Fuckery.*** **These transactions described in the video above, and further theorized upon by the comment attached, are occurring** ***through the entire ETF market.*** + +# Part II - The Connection + +Now that you understand the problem, we are *almost* cleared to move onto the solution. Before going further, I need to provide some context here. My previous post, as mentioned earlier, was intended for a single purpose: Shedding light on u/leavemeanon’s DD. Shortly after dropping it though, I received a comment and message from a few users who sent me down one hell of a rabbit hole. As in that post, I was making some tin-foil hat connections to the meaning behind u/leavemeanon's username. Though this part may not necessarily even be linked, it's important I mention it because had it not happened, I would not have discovered what I believe to be the ***solution***. + +Moving forward from here, we’re going to be **treading over some speculative waters** and more than likely, be testing that 4-hour erection window before you need to call your doctor. They might have to raise the bar on that one if the following of what I’ve found is ***even remotely correct.*** + +This part may sound absurd at first, but I only ask you to trust me until you reach part 3. For most of part 2, I'm explaining because I feel it important to clarify *how I came to my conclusions.* My thoughts in this section don't necessarily *have* to be true, and I wouldn't be surprised to find out if this ends up being the case in the future. + +That being said, ***their relevance in this DD is that of an intermediate***. They are what helped me discover what I believe to be **the** ***solution for the problem described above.*** + +My speculative journey would lead me down an immense rabbit hole roughly a month ago. It would begin with a fascination with Anon's DD but soon evolved to also include **the method of its deployment (OP deleting his account shortly after dropping it), the technical but extremely concise language utilized, and the structure of its writing,** as I began to ponder the ***meaning behind OP's name***. + +The now-deleted user, who went by the name of **'leavemeanon"** would ring a few bells for another ape, that would comment the following on my post: + +https://preview.redd.it/bk2rbtcvw5b71.png?width=660&format=png&auto=webp&s=cd3afb645f019a42f0d0ae6630c8501cdab70d45 + +It was at this point that I began to speculate whether there was a connection between Anon's name and the phrase above found on Gamestop's NFT website. Now I cannot state that there is a direct relation between the two, but I find it necessary to shed light on the connection I theorized (with the help of some amazing apes), regarding what ***I believed it to be.*** + +what if, the now-deleted OP's name was in reference to more than just 'leave me anonymous'? What if...OP's name was an attempt to send us a message about the material covered in his post in regard to the ETF market? + +Here is the likely-to-be unlikely link: the word Anon is defined as "soon, shortly". OP went by the name LeaveMeAnon. I.e leave me '***soon, shortly'.*** So naturally, I went full tin-foil mode and chased the idea further down the hole. I made the following assumption in doing so, what if OP was telling us, + +"the material I'm covering, the current ETF market as we know it, is to be ***left behind soon/shortly, and let me explain why"*** + +Whereas '**Game on, Anon',** a phrase located throughout Gamestop's NFT website, if used under the same pretense, could refer to ***"Game on, Soon/shortly".*** + +So the link that would bring me to the absurdly coincidental connection that may, or may not have been fueled by an unhealthy amount of confirmation bias at the time: + +Anon's post is created with knowledge equitable to damn near Burry himself, with the sole purpose of exposing where the ***true problem lies*** in the GME saga. He mentions married-puts, high-frequency trading, and ETFs in-depth to show this. Yet, it is the **latter most issue that gets the largest emphasis placed on it. Why do I believe that?** + +**Primarily because the more I looked into this situation, the more I began to see that the institutions involved on the short side of GME aren't the Castle of glass, they simply** ***live in it***. The Castle itself...is the entire ***ETF market.*** A structure which throughout and within it have become increasingly prevalent by the passing of each day. They are quite literally, ***a legal method of naked shorting***. + +Where Anon takes the time to reveal the problem, it's **Gamestop**, the company itself, that has quite literally been showing us the ***solution to this problem.*** All of which it has been doing through its ***actions, not its words.*** + +# Part III - The Solution + +If you made it this far, just know I'm proud :') + +Part II is certainly the most tin-foil section in this post, but as you proceed through part III, you'll soon realize why I found it necessary to provide all that information. This is certainly my favorite part. Stick through to the end and you'll see why we save the best, for last. + +Moving forward right where we left off - If you go onto that same NFT website, copy the link which is posted on their NFT page, paste it into google, and open the first tab from the etherscan website and click on the ‘contracts tab’, guess what you’ll find there... + +https://preview.redd.it/dw2amyuww5b71.png?width=700&format=png&auto=webp&s=71586f7708fd74a1dc32d2d77bee979d47d8a668 + +Still, think it’s a simple coincidence? It's alright, I mean "it’s not it actually means anything…***” right Anakin?”.....\*zooms in closer\*.....” right..?\**** + +Lol don’t actually try to zoom in, there isn’t shit there if you do that. **But… third time’s a charm, right? what if there's more to that phrase than just some random ass meaning?** + +To find out, I did some more digging around that term after finding the above which would lead me to find the following tweet: + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/3g9t4kxxw5b71.png?width=553&format=png&auto=webp&s=2e69a9e45aaab0e47149e9ef8d48a895e4a069df) + +That phrase...look familiar? Yeah...we’re about to enter solution territory...and for you “I only believe after a 4th, 5th, 6th coincidence” apes, don't worry. I’ll get there anon ;) + +The link above will take you directly to the page they’ve shown. Upon finding this tweet, I looked into what exactly these guys were talking about. After reading in-depth about what exactly this ‘Metaverse’ is, as well as viewing some of the other links they have posted on their website, you’ll find information about its relation to **NFTs,** ***Blackrock***, and something known as the **Index Cooperative**. + +Now, why exactly are these things all noteworthy? Well, if you don’t live under a rock and are a certified retarde like yours truly, you’ll remember **some hype going around with Gamestops NFT plans.** But before we get to that, let’s put this together in a cascading manner so you fully grasp what we’re looking at here. + +What is the ***Metaverse*** exactly? + +* Per Wikipedia: “***The Metaverse is a collective, virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet”*** +* It’s further described as a basket of 15 tokens that serve the purpose of capturing entertainment trends, sports, and business shifting to virtual reality. +* The next absolutely fascinating find in regard to the Metaverse index is one that requires you to zoom out and view the bigger picture. By doing so, you'll begin to understand ***what it's trying to change***. An article that goes extremely in-depth on it would provide this insight: + +[ https:\/\/www.masterthemeta.com\/business-breakdowns\/into-the-void](https://preview.redd.it/0evviqy7x5b71.png?width=706&format=png&auto=webp&s=c42c57f41dbd2a47f856799c5b1fbca70e79b9a2) + +This article above (absolutely excellent read btw) is what links our **topic of focus. N F Ts.** Notice the **black-highlighted sections, primarily** ***the bottom one.*** + +This information takes us back to Accelerated Capitals website. Here we find a bit more relative information to ***virtual ownership via NFTs, gaming,*** ***virtual reality, and entertainment"***, as well as the **inclusion criteria it has before an NFT can be issued under it.** + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/zqyi588bx5b71.png?width=519&format=png&auto=webp&s=5e30ec3cb2e5d9cfe689bf66d55b119a1c0741e6) + +I highlighted the 3 month period because if I remember correctly...there’s a company out there that has something to do with gaming, which was supposed to go bankrupt..but didn’t..and similarly ***issued an NFT token a few months back...what the date on that?*** **4/07, now I'm not the best at math but roughly 3 months since then would be...😎 (s/o** [u/LordoftheEyez](https://www.reddit.com/u/LordoftheEyez/) for the help on clarifying the timeframe!) + +But let's get a bit more specific, **wtf** ***is the Metaverse Index really?*** + +https://preview.redd.it/zzodtd4ex5b71.png?width=560&format=png&auto=webp&s=7751bd534f1a59ef5852a709c93fe7e153864077 + +Oh boy, well now we’re getting somewhere. After looking into what exactly the Metaverse index was, I found myself directed towards something called the ***Index Cooperative (Coop Index).*** Think of this thing as the **very top of the cascade, it contains** ***other blockchain-based indices within it, such as the Metaverse Index.*** Upon visiting The Index Coop website, you get a pretty baseline idea of what it is to better explain: + +https://preview.redd.it/k3lb9ebfx5b71.png?width=670&format=png&auto=webp&s=72448ae5aad8c7dfa1ec6d27ee55884c8db2231e + +Just a refresher on the cascade of terms here as I explained them a bit out of order, from the highest --> lowest level of priority. (also priority here isn't me saying least is worst lol, it's simply in relation to where they actually fall relative to one another) + +**Index Cooperative > Metaverse, etc > NFTs** + +Because this cascade functions ***entirely separate from the modern-day stock market which includes modern-day ETFs as we know them, they play by COMPLETELY different rules.*** + +* **It’d be an absolute shame if a company that was** ***shorted to high-hell...decided to jump ship and hop into this thermonuclear fueled fuckin rocket,*** and light up all the dipshits who decided to bet against it.. +* ***A shame for those dipshits, that is.*** Fkn dingles lmayo..alright back to semi-serious mode... + +Going forward, I did some deep dives through other Reddit pages to learn more about this thing, and to my surprise, I got a damn good explanation of ***what EXACTLY is the Index Coop attempting to become. It is as follows,*** + +https://preview.redd.it/18rghmqgx5b71.png?width=351&format=png&auto=webp&s=d86df95bc179c813eab794690b4e909f681427a2 + +"**OVERVIEW OF INDEX"** + +"[Index Cooperative](https://www.indexcoop.com/) is a DeFi project that’s going after the multi-trillion-dollar \[ETF\]([https://en.wikipedia.org/wiki/Exchange-traded\_fund#:\~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)](https://en.wikipedia.org/wiki/Exchange-traded_fund#:~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)) (exchange-traded fund) market. At its simplest, an ETF is like a basket of assets (be it stocks, bonds, commodities, or crypto) that can be traded in a group. Companies like [Blackrock (under its subsidiary iShare) and Vanguard each have over a trillion dollars](https://www.etftrends.com/10-biggest-etf-issuers-of-2019-by-market-capitalization/) under management in the form of ETFs. ETFs have been so popular, that people like [Michael Burry ](https://en.wikipedia.org/wiki/Michael_Burry)(of [*The Big Short* ](https://en.wikipedia.org/wiki/The_Big_Short_(film))) have called it a “[passive investment bubble](https://www.etfstrategy.com/passive-investing-a-bubble-says-big-short-investor-michael-burry-10449/)”." + +Two things should stick out to you off the bat: + +1. “Own the ***Blackrock*** of DeFi” while stating ***Ethereum ETFs as being a business with a multi-trillion dollar upside.*** +2. *"Index Cooperative* ***is a DeFi project that's going AFTER the Muti-trillion ETF market”*** + +Putting these two together took a minute, I found myself asking, how tf Blackrock was thrown into the loop? so I started scavenging through a few more articles through Accelerated Capitals page and found this: + +https://preview.redd.it/hm2475wjx5b71.png?width=523&format=png&auto=webp&s=1a6774dc5f83719f90e5106767f6a53a222267a3 + +https://preview.redd.it/qx2k5askx5b71.png?width=568&format=png&auto=webp&s=1725e3f6de6d82378226d7df2c632af86c79c461 + +https://preview.redd.it/y8sq7mhlx5b71.png?width=596&format=png&auto=webp&s=e702330d584be66568d423ac51d2b7ba187816a3 + +**TA:DR/conclusion:** + +Let's bring all this together now, because if you've made it this far, then you're likely still taking all this in. I know, it's a lot to take in and I also understand that some of my conclusions are speculative. In the end, **this is truly all we can do until the elephant in the room gets so big, that it is no longer possible to ignore or deny it.** For this reason, I ask each and every one of my fellow apes to dig into every piece of information I've provided above and **reason these things out for themselves. Follow the evidence, question the data, question the logic, and deduce the flaws. Only then can you truly justify to yourself that the investment you've made in this stock, was done so out of confidence, and genuine Due-Diligence.** + +We began by introducing the problem, because, like any other problem you wish to solve, you must first **understand the problem.** The more complex and/or convoluted that problem is, oftentimes the longer it can take to ascertain the necessary information in ***properly*** learning about it. This is something we covered in part I, in which section I introduced you to the **elephant in the room, the ETF market, or as I like to call it, The** ***Glass Castle.*** + +In part II, I provided insight into what I like to think of as the ***intermediate,*** between the **problem and the** ***solution.*** Though I do not have high expectations for those connections to be outright true, they did not need to be. Their purpose was served the moment they led me to find everything I wrote about in part III. + +Within this final part, I described to you ***the solution***. IF I'm right in my thought process here, THEN the actions being taken by RC and Gamestop are quite literally, ***pointing in a single direction***. + +**Changing the game and giving the** ***power back to the players*** **isn't just about changing the company, no...It's about shifting the ENTIRE damn landscape of how the modern-day economy functions.** This change, the NFT initiative currently being taken by GME is with damn near certainty moving towards one goal..before we describe that goal, let me provide one last refresher, but this time with analogy's so there is not a single ape left behind. + +1. At the very top, you have the largest basket: the **Index Cooperative** (**think of this as the new blockchain stock market)** +2. Within this large basket, you have multiple medium-sized baskets: The **Metaverse Index, Defi-Pulse index, etc.** **(Think of this like the SP.Y)** +3. And within individual *medium-sized* baskets, you’ve got **NFT’s** **(think a jet-fueled gaming company ran by a fuckin 69D chess master)** + +Imagine an economy where there is no longer a middle man, by which I mean the modern-day banking system as we know it. Ask yourself, if you had the ability to choose a completely different system, where the ***power of decision-making and investing potential lies in your hands, and not in that of some middle-man who would rather use it for his own personal benefit at the cost of YOUR losses, would you use it?*** + +Quite ***likely***, I'd say. Unless you enjoy getting hoed by greedy scumbags, but you probably wouldn't have made it this far in this post had that been the case. This leaves us to the ultimate question, *what exactly is RC doing?* + +Based on everything I've shown you, **He's planning on cutting out the middle-man.** These modern-day Big Banks and pretty much every other financial institution from the SEC to the Fed have been laying in bed together for decades. In doing so, they thrived within their castle while the rest of humanity continued to struggle, often unable to make even our most *basic* ends meet. + +Yet in the end, it was *this* greed that blinded them. *This* greed allowed their own naivety to consume them. Most importantly, it was their unending hunger for power and wealth that created a facade so great, that they could no longer see that karma isn't a bitch. Karma is a f**uckin mirror.** This is the true cost of their "opportunity". + +And those cracks? Each day that passes, they spread further and deeper. Its flaws can no longer be **unseen, nor can they be** ***undone.*** + +**Only, replaced.** + +I'd argue the game isn't *about* to change...but rather, + +I'd argue, **it already** **has.** + +P.S Larry Cheng, GME board member, and Matt Finestone, Blockchain guy. + +https://preview.redd.it/he11uoanx5b71.png?width=719&format=png&auto=webp&s=71ae4b3ff60cee1aeac8db24f58c98eacd22084d + +https://preview.redd.it/v7hws3tnx5b71.png?width=720&format=png&auto=webp&s=d0e83ff0f441722f5011e477419d82d2c13ddb4e + +None of this is financial advice, I repeat, I still do not know how to walk on all two's. Thank you for your time. + +EDIT: There's a pretty fancy pants wrinkly-brained ape down in the comments who did a solid job of providing a description of the kind of changes I had envisioned while writing this DD. I didn't get around to including most of the things he's stating, but they are certainly on the same track of thought process. So, it's only right I add his comment for all apes to see. I've described the process, this is what the results, I believe, will look like, + +https://preview.redd.it/ptyywbopx5b71.png?width=739&format=png&auto=webp&s=d9b3fe851f9f02a4b6e0fc803430a2ee68f697de + +**EDIT 2:** This post was partly inspired by this ape, I had shared my previous DD onto the post containing the video which tied the RRPs to the ETFs. Upon further conversing with this ape last night, he provided me with, what seems to be a hint and I believe, this is what he's getting at. I'm at my 20 image count but this was his statement: + +"I'll drop this Easter egg on you." + +"Simplicity. Complexity is meant to hide complexity in the markets. Also meant to distance simplicity in relationships. The most complex situations are usually handed over a simple old fashion between friends...or foes. Game on Anon" + +**My response, after pondering these words:** + +"simplicity...simplicity in a complex situation, is leaving the complex situation entirely. Their system and all of its cracks, cannot be unseen, nor undone. To replace a system that is so evidently flawed with its complexities requires a simple solution\*, leaving it behind entirely, and creating something new.\* + +"This is my take on your wise words. Game on Anon" + +**TIT SLAPPIN EDIT 3:** Holy fucking. **shit. Apes, I need all eyes on this.** + +**Please correct me if I'm wrong as this is out of my field.....but tell me this doesn't fuckin read the way** ***I think it reads...*** + +**GME PROSPECTUS SUPPLEMENT FILING TO THE SEC, JUNE 9TH, 2021 - top of page 16** + +https://preview.redd.it/opdli35tx5b71.png?width=1860&format=png&auto=webp&s=d2e6624d4f5c3c3d7249c04e8cb62ffcefe81dca + +**Edit 4:** Alright apes, I'm just getting around to updating this for inclusion of insight from an ape who is far more versed into this type of language than yours truly. The portion you see below was a conversation I had with this very kind mod from another sub, as I had to post this in other locations due to the initial difficulty of getting it onto the 'Stonk. This portion has actually been included in the other posts but since I submitted **this** version **before having the conversation below, and it was pushed forward by the mods on superstonk at a later time, it didn't incorporate this conversation at that time.** Hence, why I've provided this edit now. It's been a long 24 hours fighting the good fight in an attempt to get people on this sub to see this material, and though a success, I had to rest up so my body could hodl. That's the context, **now the insight.** + +The breakdown provided by Theta here *seems to be* ***far more conclusive in regard to what all that suit talk is truly stating***\*\*. Read it a few times over if you have to, but if logic is our basis, then this does make sense until unless we find out otherwise.\*\* Additionally, this ape was able to look around and find some backing for his statement as well! So truly bravo to you sir, know that your assistance in this is greatly appreciated u/Theta-Voidance. + +https://preview.redd.it/8yhyuh2u98b71.png?width=679&format=png&auto=webp&s=9e0343d2e0dc5f9e18b9e9c9401631a6023884f0 + +Naturally, where one perspective is correct in deducing the suit-speak, another deduction remains ape-speak. So I crossed off my initial assessment now that we've been provided some cleaner insight, but you'll still find it below for your apely pleasures. + +**~~I've read this literally 20 times over...I've even read the last two damn pages 20 times over to make sure what it's leading up to is actually~~** ***~~what I think it is...~~*** + +~~I've highlighted it in three different colors to make the transition of statements easier to read, or harder lol idk:~~ + +1. **~~Yellow -~~** ***~~if the DTC fails to do its job, and they are not~~*** ***~~effectively replaced within a 90-day allotted period by a succeeding depository...~~*** +2. **~~Green -~~** ***~~we will issue~~*** ***~~a different type of security different than the type already in the market, but still somewhat similar to it..~~*** +3. **~~Blue -~~** ***~~But also, one more thing you fucboys...at any given point in time, and based on our absolute SOLE discretion..~~*** +4. ***~~RED - We may decide to just say fuck it, and issue our OWN security which is COMPLETELY~~*** ***~~SEPARATE~~*** **~~from the type already IN the market, AND the same condition apply under the circumstance we swapped them earlier for the semi-similar securities~~** ~~(referenced in the green highlight),~~ ***~~in case you try and pull a fast one with those too...~~*** + +S/o to [u/Apprehensive-Use-703](https://www.reddit.com/u/Apprehensive-Use-703/) **bringing this to my attention...smart ass fkn apes out there man..** + +Guys....I need some serious wrinkles on this....**this is not the shit that I do lol, so someone confirm to me that I'm not geekin and that's** ***not how that fuckin reads.....because it sounds like Gamestop has literally planned for the TRANSITION step to the shit I've covered in this post.*** + +\------------------------------------------------------------------------------------- + +**Edit 5: Upon discovery of a tweet dating back to April by a sharp-sighted ape in the comments, we may have some further connection to the** ***Metaverse and Gamestop's NFT website motto:*** + +"Here's the link provided by u/WholesomeLowlife + +[https://mobile.twitter.com/indexcoop/status/1379872194172317696](https://mobile.twitter.com/indexcoop/status/1379872194172317696) + +Where have I seen ***players, creators, collectors before?*** [https://nft.gamestop.com/](https://nft.gamestop.com/)" + +\------------------------------------------------------------------------------------- + +And another addition from an Ape that brought some more fascinating insight to me earlier as well, This is in respect to the **initial NFT token issued by Gamestop a few months back, here's his findings:** + +"Killer DD! So **we know the ERC-721 is the 1 GME coin.** The **Metaverse uses ERC-20** tokens from my understanding. If you **look in the wallet that has the 1 ERC-721, it also has 420.69 of the ERC-20.** [https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments) + +I remember initially talking was a perceived scam but idk if that’s the case. I think you’re on to something. There is also a wallet that has process over 10k transactions of the ERC-20 coin but idk if that means anything. Hope you see this. If not, I’ll try a message" - u/kevykev89 + +\------------------------------------------------------------------------------------- + +**These findings are certainly fascinating, to say the least..so I ask you**, **how much do** ***you*** **believe in coincidences? I encourage each and every one of you to ponder upon these relations and come to your own conclusions which make the most sense to** ***you***\*\*. I know what I believe, and I stand by my thoughts on those things. All I can hope for is that you find the same hope that I may have. Sometimes, speculations and hypotheticals are just that, but sometimes,\*\* ***there's more to them, than may at first, meet the eyes.*** + +***Game On, Anon.*** **💎** + +***Power to the Players 🚀*** +I see a lot of safemoon shills on every subreddit, youtube and Facebook. I just don't want to see more people falling for trash projects like these so please beware. The fake bots will already downvote this thread but I am hoping it will at least reach some actual users in here. + +Here are a few coins that I looked into that are completely scams but are widely being promoted. + +Safemoon, safemars, safegalaxy, elongate, Zepplin dao, ravenX, fox finance, moon pirate, moonrate, hungry bear. Basically any coin which says "they will give you coins for any transaction on the chain and then will burn x% more". + +The idea of naming it "Safe" "moon" should be a good enough of a red flag. Safemoon and these other coins has 1 wallet with more than 50% of the coins. You will see a hoard of fake users/profiles just trying to promote it. These coins have no utility, it is just a ponzi scheme with the entire idea being that people who come in last are gonna be bag holders and everyone below will make a portion of the bagholders investment if you bail out early before the rug pull. These people are trying hard to get you into safemoon etc. because they wanna hoard more money and they don't give a fuck about the people who are gonna be bag holders in the end. + +Do not think that lot of people are buying the coins and you are gonna be missing out on 100x gains, majority of the people posting screen shots or talking about their experience are fake profiles. + +How they try to entice you? + +1. They are going to show their profits +2. They are going to promise exchange listing (Binance, Kucoin, their own exchange) which will never come I promise you. +3. They say they are transparent because they put couple of stooges for some dogshit AMA +4. They come up with some charity cause to make you feel not guilty about being part of a ponzi scheme or play on your good nature in general. +5. They make the coin value be well below 1 dollar like ($0.0000001) so its more enticing to you to get in on, giving you hope that its going to reach 1 dollar someday LOL. + +It's mind blowing how some people play these mental gymnastics with themselves to justify their ponzi scheme. "I made 100x gains", "is it wrong for the little guy to make money", "i will put 50% of profits into legit coins". + +I don't want these shit coins to be the face of crypto for all the new comers. Stop promoting/getting into these scam coins for a quick buck, it is just gonna give crypto space a bad name. + +DYOR. +The President of El Salvador has announced that he will make #Bitcoin legal tender in his country. El Salvador will be the first country to hold bitcoin in its reserves. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I am sure you have all heard the stories where people claim that real estate is a great way to earn extra income and always say "start small" + +What they fail to explain is... you need significant savings to purchase a property in the first place ! + +Unless you luckily inherited a plot of land .. many people do not have the extra income to "buy a small property" + +These stories never explain how to get the money for the initial investment. + +"Oh just start by selling a small property in a cheap area" + +"Oh just start buying cheap stocks" + +"Just start by renting out a cheap car " + +Ok. Where is that investment capital coming from ??! + +Like don't they realize that the kind of person who has enough spare income to take a chance on buying a house to rent... probably isn't that poor to begin with. +Sup apes + +Not financial advice. + +&#x200B; + +[you know this](https://preview.redd.it/clodo6u3jva71.png?width=1280&format=png&auto=webp&s=57ca6a86449f83d1e6c7cccca430b275361ed4d8) + +What an exciting week we have ahead of us! + +this song is the vibe for tonight: [https://open.spotify.com/track/2BHj31ufdEqVK5CkYDp9mA?si=787960c95e4c4f60](https://open.spotify.com/track/2BHj31ufdEqVK5CkYDp9mA?si=787960c95e4c4f60) + +Personally, I'm permajacked, but if there's such a thing as being jacked\^2, that's a good way to describe my feeling. + +In this post I want to go over intraday scenarios going into tomorrow, as well as touch on the overarching setup, and see maybe we can debunk these so called "I figured out the algo" posts. + +Without further ado, here's my primary intraday count, as well as my alt count. Primary count in EW speak is the count you are more inclined to believe is right, the alt being the alternative possibility. When one pattern breaks, you jump to your other count. + +To those that say EW is gibberish, I can understand that argument, but it is a complex subject that requires much fine tuning and tweaking along the way to determine your count is correct. For this reason, I like to lay out the multiple possibilities that I see moving forward. + +Primary: + +[30m](https://preview.redd.it/gdbsr3e9kva71.png?width=2244&format=png&auto=webp&s=6a2074cae0f2ef5806823f8a7755876366c39c8f) + +alt: + +[30m](https://preview.redd.it/lskxf1kzjva71.png?width=1142&format=png&auto=webp&s=25291cf8ffcc0b4af80bc78e528187cdefef261c) + +obviously, these are intraday counts, so they don't matter much. I'm gonna go over the primary first. I see the move from our low of 177 to our high of 194.2 as a wave 1. What followed is a correction different than your typical zig zag abc. What appears to have happened is a regular **flat correction.** in essence, a flat correction is when you a and c wave hit the same level (double bottom in technical trader speak) and you b wave hits the same high as wave 1. + +Visualized below are the 3 types of flat corrections: + +&#x200B; + +[flats](https://preview.redd.it/7twddxfrkva71.png?width=1024&format=png&auto=webp&s=084ce5dbdda547ee6adb11cca9b39cc1f01919f8) + +Pay attention to this visual as I will circle back to it in regards to my alt count. + +The regular flat is visualized by the yellow A B C lettering above. This brings us to the red count following the yellow, which is a smaller degree wave subset. Given the validity of the flat structure, that means the next move up can be classified as a smaller scale wave 1. Sure enough, we had a sharp move up this AM, validating the wave 1. + +What follows is a typical zig zag abc, wherein the A and C share a 1:1 fib relationship. In this scenario, that puts the end of wave 2 (correction of 1, abc) at a low of 187.68. Today the correction hit a low of 188.1. Not quite the 1:1 extension, so if this count is correct, be on the lookout for a low tmr am of 187.68. After this is hit, we will begin our smaller scale wave 3, which should hit a minimum of 198.01, though the 1.618:1 level (most common extension for wave 3) comes out to 204.4. + +Intraday count doesn't matter too much, but being aware of the structures on a smaller scale help to build larger scale targets. + +Onto the alt count. + +Remember there are 3 different types of flat corrections. The alt count is something called an **expanded flat.** To put it bluntly, in this corrective pattern, the A wave will retrace downwards, the B wave will hit a fib ratio greater than 1:1 of wave a, and C will hit a fib ratio greater than whatever B is. each leg is successively longer than the previous. + +This count cannot be a running flat, (a and c are 1:1, b breaks above 1) as today's low broke below the 1:1 extension: + +&#x200B; + +[invalidated running flat ](https://preview.redd.it/26mhji48nva71.png?width=2240&format=png&auto=webp&s=a8640f262dc99cfbd95bf72a852966faa26fe3d7) + +That being said, the possible end targets for our expanded flat going into tomorrow are the fib levels you see above. For your convenience, the levels are 183.81, 182.18, and 179,54. The highest is the most likely but we can't rule out lower targets. The structure is valid if any of them hit. + +Also note, that none of these targets go below our recent low of 177, thus supporting the uptrend. higher lows relative to 177=uptrend confirmed. + +If this count is correct, we will hit one of the levels mentioned above before continuing onto wave 3. I don't have precise targets as the move is not complete, but we should be saying goodbye to the 200s pretty soon. + +Onto the larger scale now. + +Dumbed down for your viewing pleasure: + +&#x200B; + +[daily](https://preview.redd.it/y44yj4bznva71.png?width=1784&format=png&auto=webp&s=543073510e800affdc0ec3c8b860143cfed08c0f) + +Targets remain the same. This cycle is targeting a minimum high of 405.32, though any of the targets above are possibilities. We simply don't know yet, though as the move progresses we can re assess the general strength of the move and have more precise end wave 3 targets. + +Just go get you mega jacked, if shit gets crazy and we see a hyperextension (4.236:1), that level comes out to... + +[nice. ](https://preview.redd.it/inrvasycova71.png?width=1788&format=png&auto=webp&s=945e168860af9e4013c646751537449bf4d2f62c) + +Pre squeeze, keep in mind. + +Just to confirm your bias even more, I saw a post by a user from fidelity, showing their own EW analysis. Sure enough, it lines up exactly with what I have been writing about on here since our high of 344 last month: + +&#x200B; + +[DD confirmed!!!!!](https://preview.redd.it/crgaovb2pva71.png?width=828&format=png&auto=webp&s=d7c38daf03a87b14e852118d31c083786c0b910a) + +To everyone that says ew is nonsense, fidelity disagrees 😎 + +In terms of the algos posts that flooded the sub over the weekend, to that I say I'll believe it when I see it. While the stock is primed for an upwards move from a TA perspective, the algo posts I saw just seemed to be lines broken up into cycles without any math to back the theory. EW derives targets from fibonacci which is seen throughout nature and the world. Flat lines on a chart? not so much. Not saying they are wrong, but just to take them with a grain of salt. + +7/14. bastille day. the day of reckoning (supposedly) + +Call me cynical, but I really doubt this kicks off MOASS. sorry, but the only thing that will kick off MOASS is if shorts default due to other factors regarding their positions (unlikely imo at this stage) or a dividend in the form of an asset that shorts do not have access to, thus forcing a closure of their positions. + +Until one of the above happens, I will continue to buy and hodl. Scooped a cool 2 more shares today, it ain't much but it's honest work. + +I saw on twitter (can't find it now) one of the game coin devs when asked about the source code of the coin, specifically the launch date of 7/14, said that it was in relation to an upgrade on the ehterium network, which is now pushed back to 8/4 ***I believe.*** I may be wrong or misread the dates, but that is what I took away from it. + +They are in no way saying MOASS is dependent on this, all it is in my eyes is plausible deniability. They legally can't say they're going to start the squeeze on x date, but they sure as hell love to give us hints. + +Now for some maths before I sign off. I was going insane last night trying to draw connections on the GME chart in relation to fib levels of different cycles. + +looking at feb-march run, i took fibs to measure how deep wave 2 retraced after 1 completed. Feb-March fibs show the retrace was **23.15%** off of the .786 level + +&#x200B; + +[23.15&#37; off of .786](https://preview.redd.it/r2csr04erva71.png?width=2370&format=png&auto=webp&s=c79e488f25f1fc299c5562bad90d14a0d6568b20) + +In the recent run, illustrated below, if the bottom comes out to 177, this is **29.69%** off of the .786 target + +&#x200B; + +[29.69&#37; \(nice\) off of .786](https://preview.redd.it/uhp0ak3hrva71.png?width=1954&format=png&auto=webp&s=b2e29c112153a0198931c1ea05b109de663489a0) + +Take from this what you will, not sure this constitutes statistical significance but still an interesting find when comparing the cycles to each other. + +WEN MOON? whenever we get a catalyst that forces closure of short positions. My money is on a dividend, as to when that gets **announced and distributed** is anyone's guess. If 7/14 passes and nothing changes, the only thing that changes with me is my share count, as I will buy more. + +As always, if you like intraday analysis I post on my [twitter](https://twitter.com/gavinmayreal) all day, and I did a [video breakdown](https://www.youtube.com/watch?v=3n5g_B1WXMY&t=560s) of SPY and GME yesterday if anyone is interested in seeing how to apply ew step by step. + +Thanks for reading! I'm Jacked as shit and I'm gonna go get high af and stare at fib levels, my definition of a great Monday night. + +TLDR: bullish as fuck, moon soon 🌊 🚀 +I’m not sure if this goes here but I'm filing for financial aid through fasfa but one of the question was "have you ever been homeless since the day July 1, 2021" + +and yes I have been living in RV campsites and motels ever since then + +the reason why I'm not sure l +want to put that I'm homeless is because the situation I finally got myself into is amazing at this motel. + +I don't wanna lose my current situation and I'm scared that if I put I'm homeless that fasfa is either going to try and move me into a different situation or contact the motel owner and trying to get me out + +it would be better than my school trying to get me into one of their housing (no pets, roomates) because I do have a dog and I want to stay with my boyfriend. + +What would be the outcome if I state that yes I am homeless vs no I am not. I am 21 and this is a community college. +&#x200B; + +https://preview.redd.it/6vfsw0r3g0371.png?width=1600&format=png&auto=webp&s=e4455cda2c208b209331282b323ea437a0c81d6d + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/80hzvyw5g0371.png?width=680&format=png&auto=webp&s=f13e3d82941049d7badb8db3b8c4ad6ca11b7ce4 + +&#x200B; + +https://reddit.com/link/nr8uzl/video/8lrq6vk7g0371/player + + + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th of July, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +Please go out and vote! there are only a few days left that you can, I believe the official cut off date is the 6th. + +&#x200B; + +https://preview.redd.it/58ixaebhg0371.png?width=960&format=png&auto=webp&s=88882a431fbbc1502dee3c0d60ee31dc3b4b231b + +# DTCC Notice - FICC - Requirements for Clearing Members Reset + + The Mortgage-Backed Securities Division (“MBSD”) of the Fixed Income Clearing Corporation (“FICC”) will reset the CCLF® requirement for all Clearing Members that selected Option 1 or 2 on the Officers’ Certificate. The reset will be effective as of July 1, 2021. + +[https://www.dtcc.com/-/media/Files/pdf/2021/6/2/MBS988-21.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/6/2/MBS988-21.pdf) + + As u/criand was kind enough to respond on a thread about this: + +>Might not mean anything, these resets are standard every \~6 months. HOWEVER... +> +>The CCLF increased the liquidity requirement of members earlier this year. The funds help the FICC in the event of a member default. I believe the below post is much more interesting than this reset. +> +>[https://www.reddit.com/r/GME/comments/mgrx9n/new\_dtcc\_filing\_30\_march\_recalculating/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mgrx9n/new_dtcc_filing_30_march_recalculating/?utm_medium=android_app&utm_source=share) + +&#x200B; + +# Volume difference + +So I've seen some troll posts talking about how hodling doesn't work, I also found a thread by u/GoochTainter [here](https://www.reddit.com/r/Superstonk/comments/nqtcd8/hooolllly_fuck_look_at_the_volume_on_january/) + +In January we had movement (volume) that reached into the millions but the past weeks volume has been fairly low in comparisson, How low you ask? + + +https://preview.redd.it/okqp0nr5h0371.png?width=960&format=png&auto=webp&s=448549f1c56301309eecc93d5c05dbf8a2396f69 + +Look at that, the price is almost at the squeeze levels of January with close to no volume, this is insane! this proves to me (personally) that we are correct about most of the DD we've seen, we've proven that the FTD cycles of both T+21 for regular shorts and T+35 for options are real, we've seen them push other stocks (silver, amc, BB, nok) on MSM while completely ignoring GME and only making posts "15 stocks to make you forget GME" and we've found that our tits are indeed, Jaqued. + +If you own one of those other stocks, awesome I'm genuinely happy for you guys, but remember this is a GME sub, so lets keep those stocks to a minimum, again if you have a correlation between them it's ok to post it here, or a theory how they all connect etc, but not oh look at my XXX stock, the first one is helping, the latter is seen as a distraction. + + + +https://preview.redd.it/h95s8ir5i0371.png?width=960&format=png&auto=webp&s=e0307e0ae5d9ea12459865edba59dfafc3611e30 + +# Gamestop confirms release of Q1 results and meeting date + +&#x200B; + +https://preview.redd.it/y9r27ej8i0371.png?width=960&format=png&auto=webp&s=fb6d963fd40936a4563f7c8e2281b20a818f8ab2 + +Now this is a fun one so let's go over this because there is a lot of information in this even if it looks fairly plain from first glance. + +First all the date, 6/9 is the date they also released their Q1 numbers in 2020, so they are keeping the same schedule ( I've seen post saying this is earlier than normal but it seems to be the exact date like last time). + +Last years Q1:[https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-first-quarter-results) + +After this call all the information released by GME HQ will be available on their website + +They will host an Investor conference call at 5 PM ET the same day to review the companies financials. + +The phone number for investor conference call is **877-451-6152** Code to enter is **13720011** + +The annual shareholders meeting will be held at 6/9 11 AM ET and will only last 15 minutes + +George Sherman will be attending the physical meeting and the other directors will be there via zoom/skype etc. + +&#x200B; + +Now what does this all tell us? + +They have a seperate call for the Q1 earnings report (look back at the Q4 call that lasted 20 minutes with sherman phoning it in), this will focus on the direct financial side of things, meaning their actual earnings (duh). + +The Annual shareholders meeting however is a different beast entirely, with this one we can hear a lot of things coming, we can hear the roadmap the company is going to use in the coming years, we can hear how the board will be placed, who will become the new CEO but also one thing that I'd be remiss if I didn't mention + +The Share count, at most we will hear a preliminary counting, because if our theory about the huge amount of phantom shares is true (yes until confirmed by the company its still a theory and yes these numbers can be fucked with before it even gets to the company), the cut off date for counting is the 6th of June, meaning if they get millions more it will take some time to get through this. + +HOWEVER, this is also a good thing, if they can see from preliminary numbers that the sharecount is out of wack, they can get an Auditor, just to make sure the shares are correct. + +&#x200B; + +Also keep in mind we may not hear everything we want to hear at the shareholders meeting because after this meeting GME will be more "free" to discuss which direction they want to go into and the "silent" period for the company may be over. + +&#x200B; + +https://preview.redd.it/jp2wyi3xk0371.png?width=960&format=png&auto=webp&s=6e18421628127d5cd273b0b965dcbcd76703961b + +Remember my Favorite book series? + +&#x200B; + +https://preview.redd.it/gnrd8lo3l0371.png?width=242&format=png&auto=webp&s=6b54ec77d30baa123ef78e87da1226e7810366f4 + +Expect it, just saying, I'm constantly waiting to get a rug pull as a last sort of hail mary, but the awesome part is that I can see in the posts that I'm far from the only one and I've seen a lot of people discussing "what could they do next?" which is awesome because last time we foresaw them pulling the rug at 300 and everyones reaction was just "oh... ok, so hodl?" + +No one panics if everything goes to plan - weird clown guy + +&#x200B; + +Also Yes I realise the news is fairly... "short" today, I expect it to become less and less as we get nearer to the shareholders meeting, this because well the company wont say shit now they'd rather bring it to the table on the annual shareholder meeting right? + +So the only things I'd be able to get is information from the DTC/DTCC/FINRA/FINTEL/ and Data provided by awesome members we have here and outside of the sub. so don't worry we're just in a period that's called a "silent period" which a company usually has before meetings like this. + +We don't know what the annual shareholders meeting will bring, but I'm excited as all hell. + +(also little side note, keep in mind we wont see shit happen on the Annual shareholder meeting because its after market close, we'll see the affects of it in the days/weeks after it 😉) + +So stay classy, stay Jaqued! + +&#x200B; + +https://preview.redd.it/2thk8upcm0371.png?width=554&format=png&auto=webp&s=c6a0195860eb788c0fa04f4ddd36fdb5a7e2c3c5 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/b7ho3lbfm0371.png?width=400&format=png&auto=webp&s=3fe0efea8f6fd42e751aa468a6eb0060d92a4c6d + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Countdown to the Annual shareholder meeting 6 days to go** +To whom it ape concern, + +&#x200B; + +I am writing you today to inform you that XRT is being shorted to shit. Since your portfolio is 100% GME, I thought that this would interest you since it could have an impact on your financial future. I left your bananas in the fridge last night if you want a midnight snack. + +&#x200B; + +I came upon the topic of XRT again after reading the legendary posts by /u/leavemeanon, who comes off as an amateur but has also deleted her or his reddit profile. There has been speculation that /u/leavemeanon knows too much to simply be an amateur. In my opinion, /u/leavemeanon could simply be an amateur who did a lot of good ETF research. By the way, there has also been speculation that Lucy Komisar or Susanne Trimbath were actively posting somewhere around the GME subreddits without much fanfare: this would be the equivalent of a Nobel Prize-winning scientist dropping a scientific paper for the cure for all cancers on a random reddit comment in the science subreddit and getting four upvotes. Works cited and relevant links will be at the bottom of this post or embedded within this post itself. + +&#x200B; + +I have a long memory, and I have hundreds of posts or DD saved on my reddit account to go back to read; I will likely go back and read the [GME DD hall of fame](https://fliphtml5.com/bookcase/kosyg) too. + +&#x200B; + +I was looking at short interest of XRT only a few days ago, and the short interest was about 177.86% (I did not back this up on internet archive, and I don't have a screenshot). I refreshed [the page](https://www.etfchannel.com/symbol/xrt/) today on 10/7/21, and the short interest shot up to 284.34%. It looks like there was a frenzy of interest around XRT in February of 2021 based on the number of times [one website was saved on Internet Archive](https://web.archive.org/web/20210601000000*/http://www.etfchannel.com/symbol/xrt/). Interest died down as the months passed. See that snapshot on 10/7/21 though? Yeah, that was me! I saved the page again today. + +&#x200B; + +I know with 100% certainty that the short interest reported on GME is false: all of atobitt's research proves that these hedge funds can misreport their financial activity with little to no punishment. The question r/Superstonk is trying to answer is *by how much* are they misreporting the short interest. Is it misreported by 1%-5% due to a few innocent rounding errors? Is it misreported by [10,000%?](https://www.reddit.com/r/Superstonk/comments/pulq81/three_independent_analyses_that_arrive_at/) + +&#x200B; + +SPDR S&P Retail ETF (Ticker: XRT): Gamestop (GME) weighted at 0.94%, short interest now = 279% - 284.34%, shares short = 21.6 M, shares outstanding = 7.75 M, approximately 49,704 total shares of GME. THIS AMOUNT OF SHORT INTEREST OF XRT RIGHT NOW SURPASSES THE LEVELS FOUND AROUND THE JANUARY SNEEZE. + +&#x200B; + +Are hedge funds using ETFs to short GME? Am I a [hyper-rational](https://www.reddit.com/r/Superstonk/comments/onepel/how_i_explained_the_gamestop_saga_to_family_and/) being or a conspiracy theorist? The world may never know. + +&#x200B; + +**Information about XRT short interest or float:** + +[https://www.etfchannel.com/symbol/xrt/](https://www.etfchannel.com/symbol/xrt/) + +[https://fintel.io/ss/us/xrt](https://fintel.io/ss/us/xrt) + +[https://www.marketwatch.com/investing/fund/xrt](https://www.marketwatch.com/investing/fund/xrt) + +&#x200B; + +**All SPDR S&P Retail ETF (Ticker: XRT) 108 holdings:** + +[https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt) + +[https://www.zacks.com/funds/etf/XRT/holding](https://www.zacks.com/funds/etf/XRT/holding) + +[https://stockanalysis.com/etf/xrt/holdings/](https://stockanalysis.com/etf/xrt/holdings/) + +&#x200B; + +/u/leavemeanon **legendary posts:** + +[WHERE ARE THE SHARES (Part 1) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) + +[WHERE ARE THE SHARES (Part 2) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) + +[WHERE ARE THE SHARES (Part 3) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) + +&#x200B; + +**Capture of the deleted** /u/leavemeanon **posts:** + +[https://camas.github.io/reddit-search/#{%22author%22:%22leavemeanon%22,%22searchFor%22:1,%22resultSize%22:100}](https://camas.github.io/reddit-search/#{%22author%22:%22leavemeanon%22,%22searchFor%22:1,%22resultSize%22:100}) + +&#x200B; + +Sincerely, + +/u/twincompassesaretwo + +&#x200B; + +P.S. + +&#x200B; + +I believe that more GME shares direct-registered to Computershare is a good way to cause a short squeeze. + +&#x200B; + +P.P.S. + +&#x200B; + +I haven't even finished reading /u/leavemeanon DD yet. I am really busy in my real life. You can believe I am reading all this DD you apes (wrinkled- or smooth-brained) wrote though. + +&#x200B; + +P.P.P.S. + +&#x200B; + +Criand is not Ryan Cohen, you silly monkeys. The wisdom I have gained in my life has taught me this: some ordinary people can surprise you with their extraordinary intelligence and creativity—they are simply not celebrities. At the same time, some celebrities can surprise you with how ordinary they are in real life—it's just that being a celebrity is a requirement of their job. + +&#x200B; + +^(The content of this post is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.) + +^(All opinions expressed by the me are solely my opinion and do not reflect the opinions of anyone else.) + +^(You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such.) + +^(I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock.) + +^(Also, the opinions expressed by me may be short term in nature and are subject to change without notice.) + +^(I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you.) + +^(You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.) + +^(None of this is insider trading and is all publicly available information.) + +[^(https://www.investopedia.com/terms/i/insidertrading.asp)](https://www.investopedia.com/terms/i/insidertrading.asp) + +[^(https://www.sec.gov/oiea/investor-alerts-bulletins/ia\_rumors.html)](https://www.sec.gov/oiea/investor-alerts-bulletins/ia_rumors.html) +Edit: Lots of apes are asking for the inputs that I use to generate the version of the indicator depicted below. I’ll drop another post that gives you all the specifics 😘 + +It may not be the MOASS but the ***Game of Stonks*** is about to blow the fuck UP!!! + +How do I know this... Well, let me introduce you apes to a little indicator that has done me well in the past... **CRSI** + +**For the smooth ones:** CRSI is a technical analysis indicator created by Larry Connors that is actually a composite of three separate components. The Relative Strength Index (RSI), developed by J. Welles Wilder, plays an integral role in Connors RSI. In fact, Wilder's RSI is used in two of the indicator's three components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions. + +***Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.*** + +Source: [https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/](https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/) + +If you leverage the RSI indicator in your TA then you're basically familiar with the CRSI but there is a catch... The CRSI is a leading indicator which makes it useful in recognizing moves before they happen, which can be beneficial at times... + +Anyway... I use this indicator on the 1D chart and have been for sometime now. I wanted to show you apes something. Something that has my tits jacked beyond the typical state of jacked tits. You ready? + +[Red = Suppression \/ Green = Run](https://preview.redd.it/lkjvrx5rzg871.png?width=349&format=png&auto=webp&s=f0e25126d36c040edc003ad70ba6b5e200f4f830) + +&#x200B; + +Why is this important? Well, when I look at this I see manipulation. We all know what was happening around this time and the CRSI was showing how hard the hedgies were keeping the stonk down before the March run up... Literally 18 straight days of price suppression and then — **KABOOM**! + +Fast forward to today... I started to notice something... The CRSI was floored again, just like it was in February but I needed more data to confirm, so I waited... And guess what you beautiful motherfuckers — **WE'RE HERE AGAIN!!** + +&#x200B; + +[June suppression @ 14 days and counting 🚀 ](https://preview.redd.it/sib3w3rqyg871.png?width=432&format=png&auto=webp&s=b12b7cd30fa52c2d3da2dba67ff3d7cb834ff444) + +☠️ KENNY'S FLAT LINING AGAIN ☠️ + +Historically, we've seen explosive price action after such a period of the stonk being oversold... I don't know how much longer they have until the next run up, **BUT IT AIN'T MUCH LONGER!** + +&#x200B; + +# TLDR; The stonk is oversold at levels we haven't seen since the March run up, which suggests that there's going to be a significant price movement toward the upside sooner than later. + +# TITS JACKED • NO DATES • BUY • HOLD • BUCKLE UP 🚀💎✊ + +Clearly, not financial advice... +I'm being offered a job for $90k. The job post had a budget of $80k–$100k based on "location, skills, knowledge and experience." I'm a Midwesterner in a mid-size city getting an offer from a firm in Denver. As for qualifications, no candidate is perfect, but I check nearly all the boxes and the few I don't hit didn't seem like a concern for the employer. I even hit all of their "bonus" qualifications. + +I breezed through the interview process, didn't sweat it at all. + +I currently make $54k. So the $90k is fine, but I feel like there's $10k I'd be leaving on the table that the firm has budgeted for the role. What's the right way to get to as close to $100k as possible? + +Thanks,122anon + +Edit #1: People are already mentioning increased vacation and benefits, whatnot. The benefits are great, including unlimited PTO, which I have every intention of taking full advantage of. I don't know if they hand out bonuses. Something I'll ask. + +Edit #2: The $90k was the first offer from the employer. The only part I played in that was telling them that their budget was "within my expectations" during the screening interview. + +Edit #3: I've noticed some comments saying I'm "greedy" for asking for more, or I should be content with the original offer because of my current pay. My response to this is the $54K is how much my current employer values me; an employer I'm trying to leave in pursuit of personal and career growth. I want to know how much my next employer values me and how that aligns with my goals. So it doesn't matter to me whether I'm currently making $25k, $50k $89k or $150k today. What matters is my worth to who's paying for me and what I want for my career. + +Thanks! +In addition to this, apparently 90% of the family's wealth is lost by the third generation. I'm not quite sure if I 100% believe this, nor do I want to believe it. I would like to read the study that found out this. This is especially important to me because I am wanting to prepare my estate for my kids. But if this wealth loss it is true: + +* Why is majority of the wealth gone by the next generation? +* Is there any point in passing on our wealth to our kids? +* Is there any point to generational wealth transferring methods (like trusts, wills etc.)? +* For the 10-30% that maintain intergenerational wealth, what are those families doing to achieve this? +PLEASE READ THIS POST IN ITS ENTIRETY + +A few hours ago a user created a post on r/dividends soliciting feedback for their particular piece of dividend related software. The user was sending the material through direct messages to any individual who requested it in the thread. Unfortunately I was offline and the post quickly gained traction and within two hours had nearly twenty comments. I reached out to multiple users of r/dividends with backgrounds in software programming who examined the file. Long story short, the OP was determined to not be acting entirely in good faith. In response, I took immediate action. + +Here is what I did: + +1. Locked the thread. +2. Removed the post under violation of rule 1. +3. Permanently banned the poster of the content and reported them to admins. +4. To protect the nearly two dozen users who had already commented in the thread, I manually removed your comments from public view. That way, if OP came back on an alt account and tried to look through the post, they would be unable to see your usernames. +5. Manually messaged everyone who posted in the thread with the following: + +>This is u/Firstclass30, lead moderator of r/dividends, +> +>After contact with multiple users, u/ gvalles8 was found to not be acting entirely in good faith. Based upon the feedback of several users, the software may not entirely be as advertised. +> +>As a precautionary measure, I ask you please uninstall any software this user or any other sent you immediately. This is not a joke. We here at r/dividends care deeply about our users and your safety is incredibly important to us. To protect your account, I have removed your comment from public view, so u/ gvalles8 will be unable to see your username. I have also banned the account from participation in r/dividends. +> +>As a reminder, please only download software from sources you trust. Reddit should not be one of those sources. The moderators of r/dividends will never solicit personal information from you or ask you to download any software. +> +>Please reach out if you have any concerns, and please immediately notify Reddit admins if you experience any negative repercussions from downloading any software you may or may not have received from this user. +> +>This message was sent to all users in this thread. u/ gvalles8's tag is intentionally modified so they cannot see this post in their username mentions. +> +>Thank you for you participation in r/dividends, +> +>Firstclass30. + +To the users of r/dividends, please report this kind of content immediately if you ever see it again. This is exactly the reason I do not allow this material. As moderator, it is my job to protect the users of this community from harmful and malicious content. In fulfillment of that goal, please remember to report anything that may even potentially violate subreddit rules, as it is automatically sent to us for moderator review. + +I would like to thank everyone who helped me in this endeavor. I had personally reached out to the user requesting a copy of the program myself to verify it, but never heard back. funny. He was so quick to give it out to everyone else. Regardless, if there are any kids reading this, please take this as a lesson to NOT DOWNLOAD THINGS RANDOM STRANGERS GIVE YOU OVER THE INTERNET. ESPECIALLY ON REDDIT. If you are contacted by anyone about this incident who is not a member of the r/dividends mod team, please delete their message and notify the mod team immediately, so we may block any alt accounts this user may have floating around. + +Thank you for your participation in r/dividends. + +Firstclass30. + +PS. Reddit is perfectly safe, so long as you do not download random things off it. Also, apologies for the eye-burning flair color. I had to get your attention somehow. + +Edit on November 1, 2020 @ 9:33EST: I think it has been long enough. I have changed the post flair back to a normal moderator announcement and have unstickied the post. I will keep it up for archival purposes, but I believe this issue can be considered as resolved. +My dad is 61 years old, has a great paying government job and has no plans to retire. He loves his job and wants to work until he dies. Subsequently, he has never really planned for retirement. He has some funds in his 401k but the majority of his money he tends to hoard in a savings account because he sees it as being more liquid as opposed to having his money "tied up" in investments. + +I have tried explaining to him numerous times that he needs to put his money to work so it can earn some interest as opposed to it just sitting there. But I am no pro at investing. What would be the best advice for next steps? Ideally I think he would benefit from a "set it and forget it" type approach where he can dump his funds and watch them grow over the course of the next 10-15 years. Assuming an average annual return of 6%, I think he can make some decent gains. But again, I am no pro - my best guess for him would be Vanguard ETFs. Or is this amount worth looking into a fiduciary? What say you, PF? + +Thanks in advance. +We already know why this isn't top story news for all financial outlets but it's honestly amazing that the whole premise of the market has been so blatantly undermined and no-one (outside of here) seems to give a shit. + +Even if you disregard all the behind the scenes functions intended to give the 'establishment' an upper hand (off exchange trading, shorting, swaps etc.) it's still unbelievable that they've openly admitted that the fundamental basis for the market (supply and demand) is irrelevant. + +If price discovery is non-existent and when demand exceeds supply they just create more supply then why is no-one questioning what the fuck determines the price of a stock? + +I understand that the market is made to be intentionally complicated to keep people ignorant but this is so black and white it's unreal. The whole bid and ask mechanic has essentially been switched off. +Where are all the normal people? + +Everyone here seems to be earning crazy money or getting huge lump sums of cash from somewhere, where are the rest of us who'll never earn more than mid 30s at best and having four digit savings (if any) by thirty? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey ValueInvesting, + +I think it is the right place to discuss this - what stocks are still a long way from their realistic value, in your opinions? + +I like LCID, RIVN, SNOW and TSLA obviously, I this these will halve at least. + +Edit: MTCH is a new great find. +Someone who did more to change personal finance and investments than almost anyone in U.S. history. + +[http://www.philly.com/business/a/john-bogle-dead-vanguard-obituary-20190116.html?\_\_vfz=medium%3Dsharebar](http://www.philly.com/business/a/john-bogle-dead-vanguard-obituary-20190116.html?__vfz=medium%3Dsharebar) +I may have an opportunity to move overseas where my housing would be paid for. My options are: +1. Keep my home and rent it out +2. Sell the home and strategically buy property elsewhere +3. Pocket the 300K equity and invest in an index fund or possibly have someone manage it + +Option 1 means I get to keep valuable Northern Virginia property which always does well. Additionally, I get to keep my home and it’s sentimentality. + +If I go with option 2, I’m thinking of buying property in Florida near the theme parks and have a management company run it as a short term rental. I’ll have a place to stay when I visit the states. Other option would be to buy my retirement home early (mountain cabin, lake house, or something?) and rent it out. Where would you buy? What are your strategies? + +With option 3, I could cash out at the height of a hot real estate market and not have to worry about being a landlord. + + +EDIT: Thanks for all the fantastic responses. The fact that there is no unanimous answer means that I asked a decent question which needs more research and soul searching. I hope this showed that there are different types of investors and that every situation is unique. +I am in the process of choosing my pension fund monthly investment strategy. Everywhere I look, the suggestion is to blindly invest to certain ETFs that are very generic. I understand that this minimizes risk, but I am having second thoughts about lending most of my money to certain countries and sectors. + +I feel my money is power that can change the world minimally, and I'm looking for investment opportunities that fit my standards. I would like to + +* avoid certain industry sectors that are controversial (weapons, pornography) +* invest more in certain industry sectors that I want to see moving forward (green energy, sustainable agriculture) +* invest more in EU than other areas, if possible even a bit specifically to my country (Greece) + +I still want to diversify my portfolio to minimize risk, but the weight should be given to these choices. I still want to follow good practices, but want to feel well ethically. I am OK with taking a couple percent units hit in the end. + +What ETFs or mutual funds do you suggest to invest in? Is my logic flawed? Is it too risky for a pension investment strategy? What are your criteria for picking ETFs? + +Thank you! +After spending the weekend looking at marijuana stocks to get into before Dems make it legal nationally CRLBF gets my seal of approval. + +1. They sell a ton of gummies and edibles. I don't think legalizing weed is going to drastically change the number of people that smoke it or how they get it. But most people in states that it is not legal in will get to enjoy edibles that were previously unavailable to them. Also edibles are easy to scale up the manufacturer and distribution of. + +2. Cresco is an American company. I think believe that the Canadian companies don't have as much potential for growth as American ones do. Just my opinion. + +3. Cresco is the nation's largest wholesale distributor. This will be huge when every Tom, Dick and Joe starts opening cannabis shops like starbucks. + +4. They are virtically intergraded. This makes them more nimble and gives them the ability to change fast when the time comes. + +All marijuana stocks are going to go up. I'd be interested in some discussion about some lesser known small caps. +Want universal healthcare? Socialism. Want universal basic income? Socialism. Want to bailout corporations? Ok how much you need? + +I don't understand why that is ok. Wouldn't it be better if we had companies that can sustain themselves ? Who cares if they fail and jobs are lost. In a free market a competitor will pick up the slack. Enlighten me right or wrong. +Based on the recommended reading over at the [wiki](https://www.indiainvestments.wiki/misc/recommended-reading) I read this book. Must say very easy read and I learned a lot. Lots of informal knowledge was reaffirmed. Lots of tiny but important principles are easily forgotten under mountains of domain knowledge, this book helped me focus on them. + +Some important things that really stuck with me -- + +1. There's no substitute for hard work +2. "Better a little caution than a great regret." +3. Everyone gives advice, be wise in taking advice + +Attached below are the notes I made while reading the book. I don't think reading these is an alternative to reading the book because these are too dense. Each of the following points is extremely important and by the time you read more than 5, you'd have forgotten the start. These are useful for those who've read the book and just need a nudge to recollect it in their mind. Enjoy! + +&#x200B; + + The Richest Man in Babylon +======================= +\- "Pay yourself first" -- Save atleast 1/10 of your earnings. Remove a part of your earnings as savings before doing any expenditure. +\- "He who takes advice about his savings from one who is inexperienced in such matters, shall pay with his savings for proving the falsity of their opinions" -- Take advice from persons with first hand experience in the field. +\- "You do eat the children of your savings. Then how do you expect them to work for you?" -- Put saved money at work towards earning more money, and use that money to earn more, and so on. + + +Summary - "You first learned to live upon less than you could earn. Next you learned to seek advice from those who were competent through their own experiences to give it. And, lastly, you have learned to make gold work for you. You have taught yourself how to acquire money, how to keep it, and how to use it." + + +Seven Cures for a Lean Purse +======================== +1. Spend nine for every ten coins you put in your purse -- Save a portion of your earnings. Nine spent will buy you temporary gratification, but the one saved will buy you assets +2. Limit your necessary expenses -- Expenses grow easily unless limited consciously. Make a budget to distinguish between necessary expenses, cherished desires and extraneous expenditure. Eliminate this last category. Many desires will be curtailed because of savings and strict budget. Add them to the infinite list of unachievable desires and don't regret them. The savings done are working towards achieving these. "Just as weeds grow in a field wherever the farmer leaves space for their roots, even so freely do desires grow in men whenever there is a possibility of their being gratified." +3. Put savings to work earning more money and so on for the money earned -- Have a source of income that works even when you don't. Interest on savings is one example. Make good use of the awesome power of compound interest by reinvesting earned money. +4. Guard your money of loss -- Invest where the principal is safe, and a fair interest expected reliably. Understand the risks associated with each investment. Do not be wooed by the potential of high returns into risky investments where the principal is easily lost. Risk is probable loss. Be wary of those who give advice without first hand experience. +5. Own your own residence -- In rented accommodation, regular payments are made to the landlord. Buying your own home you'll make the same payments to the loan giver. Each payment will reduce your debt and in the end you'll get to keep the house too. Of the nine parts of our earnings we spend, if any can be used to make a profitable investment then well and good. The amount that would otherwise be spent on rent is now being spent towards owning a house. +6. Insure against old age and death -- Buy a term life insurance so that your family is financially secure even without you. Plan your investments to have sufficient money after retirement. +7. Work towards improving your own skills in all aspects of life -- Work to be the best in your profession. Desires (goals) should be simple, definite and within your current training to accomplish. Achieving these desires will give you the skills and confidence to achieve bigger desires. + + +Meet the Goddess of Good Luck +=========================== +"Those eager to grasp opportunities for their betterment, do attract the interest of the good goddess." -- Don't procrastinate. Don't delay actions unnecessarily. Understand and internalize the fact that procrastination is the cause behind missed opportunities. + + +The Five Laws of Gold +================== +1. Save atleast 1/10 of your earnings +2. Put your gold to work earning more gold and watch it multiply +3. Be cautious in your investments and follow the advice of people who are experienced in handling money. Do this and your money will remain with you. +4. Don't invest in places you're not familiar with, or those which are not recommended by wise people. Otherwise you'll see your investment deteriorate and vanish. +5. Don't be lured into unwise investments by unrealistic returns. Extremely high returns seem beautiful, but you'll most likely end up losing even the principal invested. + + +The Gold Lender of Babylon +======================= +\- "If you wish to help a friend, do it in a way that does not transfer their burden to you." -- Author makes this point through a story about ox and mule. The mule suggests a method such that the ox doesn't have to pull the plough. But the farmer then has the mule pull it. Thus the mule becomes bitter and the friendship between the ox and the mule is broken. +\- Keep your gold safe -- First priority of every investor should be to keep their money safe. It should not be put in investments so risky that even the principal stands to be lost. +\- Make your gold earn more gold -- To earn more from your money should be the second priority. Find wise investment avenues. Stay away from investments that claim unnatural returns. +\- "Better a little caution than a great regret." + + +The Walls of Babylon +================== +\- Utilise insurance, savings accounts and dependable investments to stay safe from tragedies. Just as the Babylonians built their walls to stay safe from conquerors. +\- "We cannot afford to be without adequate protection." + + +The Camel Trader of Babylon +======================== +\- If there's determination, a way can be found -- Don't whine about problems. Solve them. Know this, you have it in you to achieve whatever you set your mind to. +\- Pay all your debts. Debts are enemies to be dealt with, lenders are friends who trusted you. + + +The Clay Tablets from Babylon +========================= +\- A professor reads the story from the previous chapter and applies it to pay his own debts. +\- 1/10 of the income is saved, 7/10 is spent, 2/10 is distributed to creditors on a pro-rata basis. +\- Expenses needed serious recalibration. +\- All creditors needed convincing to get onboard with the new payment plan. + + +The Luckiest Man in Babylon +======================== +\- Work hard. Don't do things half-heartedly. +\- Make hard work your best friend. Instead of despising work, enjoy it. Work, done with good effort, always feels satisfying. +The signs are there for all to see, especially when there are millions of sets of ape eyes watching. Here is some of the blood in the water I've noticed recently, on mobile so ill try to break it up a little; + +----- + +Publicly stated SI % increase - This one is huge, the SI went from a publicly stated 13% to 20% which is a huge increase and an overall large SI to hold in general. Not to mention on a company with over $1B in cash, close to $1B in inventory who is known to be launching an NFT marketplace. + +Another thing to remember is that throughout the past year they've maintained a publicly stated SI% of 10% give or take. What does this tell us? That some parties are no longer capable of hiding their SI. They're being forced to use traditional means of shorting and have actually reported it rather than hiding their SI with PUT positions. + +----- + +Further evidence of traditional shorting - Borrow rates have increased by a significant margin for the first time in a year, Questrade up to 3.11% and iBorrowDesk showing 1.5% when previously they had be at 0.7%. A possible reason for this is the now limited ability to illegally short through IRA's. A dirty little trick to both hide SI as well as gaining shares to short without affecting borrow rates since they weren't borrowing from brokers, hence the "There is no demand to borrow this stock" justification. Rather than borrowing large scale from brokers they were illegally dipping into people's retirement investments to avoid increasing the cost of borrowing which would likely be a strain on smaller fish *COUGHAnchorageCapitalCOUGH* + +----- + +This leads into our next point. + +DRS is working - Now, 100% speculation, but with borrow rates increasing and the recent attacks on the price wreaking of desperation we are limiting their avenues to attack the stock. Hence SHF's are being forced to once again borrow in plain sight and increase borrow rates increasing the cost of maintaining this game. + +Further evidence once again; + +Apex denying the people the ability to DRS, we are not only limiting SHF's ammo but also bringing the illegal game of IRA shorting to a screeching halt and limiting revenues for those profiting from it. With millions of ape eyes watching and the general public becoming more and more aware we are undermining their means of making money and their shady and illegal business tactics and bringing it to light. This threatens to break the system as a whole as their largest customers may very well now teeter on the edge of insolvency. + +----- + +Cash infusion into Citadel for the first time; + +This one explains itself, naturally they'll play it off with some other justification as them diversifying into crypto markets. But let's be real, for the first time ever they've accepted outside investor money to the tune of $1.15B. Even if they legitimately were entering into crypto markets in a new capacity they had previously been resistant to this approach which would further display our sway on their decision making and need for cash. The $1.15B infusion sounds oddly similar to their prior "investment" of $2B into Melvin to bail them out during the sneeze. + +Speaking of those fucks; + +Melvin, I seem to recall this summer them proudly stating they paid back the $2B investment. First off....Who invests in a company for a period of less than a year then actually wants a full reimbursement of funds in under 12 months rather than reaping long term rewards on your "investment"? + +Maybe it was judged to be a poor one? Or maybe, just maybe Citadel was feeling the crunch themselves and needed that cash back to stave off death and failed margin calls? + +Then, all of a sudden the same party who bailed out Melvin for $2B takes in $1.15B of outside capital? + +Then further, fuck boys Melvin Capital takes a single month hit of close to $8B? Almost like they made some bad bets, it'd be a shame if others perhaps made similar bets? + +There undoubtedly is going to be players with a larger position than Melvin, imagine the testicle crunch and financial cuckening they're suffering now. + +----- + +DRS failing with some brokers; + +One that comes to mind being IKBR, there have been instances where people have attempted to purchase 90 shares and the transaction has failed. + +We all know that in regards to the markets that is a miniscule amount of shares when institutions are dealing with several thousand casually. + +On top of this the DRS process being so actively fought and taking several weeks or months for people all around the world. Dr. Burry stated before the sneeze last year that they were taking weeks to locate his shares. Could you imagine what they're going through now? + +----- + +Another instance of desperation in broad daylight is the rampant shorting of ETF's containing GME, some going up to 600-700% when this behaviour had already been noted in the SEC report. + +Not only are these short interests public but they know regulators are already onto them. Now I know that in the grand scheme they don't give a fuck, at worst the SEC assigns a fine equivalent to me buying a small coffee once a month, but it's still an instance of them no longer being able to hide the game they're playing from the broader public. + +We've sat through a year of bullshit MSM claims and them telling us to "Forget GameStop", it's all just a bad comedy joke. But now they're getting bolder not out of confidence, but of the most raw desperation imaginable. + +----- + +Reality - There are only two ways you can justify such rampant shorting from their perspective. + +1 - Desperation to either break our will, avoid margin calls, or to discourage new investors and drive a hopeless narrative and buy 1 more day. + +2 - This would have to be an obvious home run for them, *The price is too high, this is easy free money, we don't have to care if they see the short interest because we're going to make a fortune!* + +Do you think 2 is possible when they were forced to turn off the buy button? Do you think it's possible to bankrupt a business with $1B+ in cash with 350+ new hires of executives poached from high paying positions with the largest companies in the world like Apple, Amazon, Walmart, Chewy, and several others. + +All while they engage in the opening of a fucking NFT marketplace which will likely have practically no gas fees when the current largest marketplace (OpenSea) had a slightly higher revenue ($11B) than GameStop itself last year with huge gas fees? + +Not to mention diehard stock holders? + +Come. The. Fuck. On. + +----- + +Hiding the obvious; + +How many of you get notifications when stocks are up 5-10%? How many of you get those when GameStop is up that much or higher? + +How many times have we seen GameStop omitted from "biggest mover" lists on MSM? + +Now just today Questrade sent out an email to clients showing the top 5 tickers and ETF's in the US and Canada and for those who have seen it deleted the GME ticker but left the fucking company name with Nvidia's ticker beside it and below that the popcorn ticker beside Nvidia's name since they only altered the one column? + +Come on! + +----- + +A few other Citadel notes; + +-Ken Griffin has aged 15 years in fewer months, he's red, puffy and bloated. His appearance plainly is representative of someone whose been drowning themselves in alcohol. + +-Restricting the withdrawal of investor funds just weeks after a PR campaign and cringey breaks of Twitter silence. They needed to keep their remaining investors past November a typical period where another term of commitment begins and as soon as that passed they locked their funds away. The only other time they did this was during the 2008 crash. + +-On the note of investor funds AUM (assets under management) have plunged for Citadel in the last year. I don't have exact members handy however they lost close to half of their AUM, either through client withdrawal or perhaps a few bad bets? Either way, it's a very bad look on them. + +----- + +The shorts are most definitely on the losing end of this play, and as is the tradition, with so many points covered, the TL;DR + +TL;DR: Hedgies r fuk + + +Edit: Minor corrections since I wrote this as a long winded bitch faced rant. + +----- + +Edit 2: Wasn't expecting this response, I woke up to more notifications than I've ever seen... + + + + +To those looking to rock the boat regarding the current price like it discredits everything I and apes have been stating as of late here is my response to it. + +As a fun note what I generally take a real interest in is people, and I knew these people would come about and I wanted to respond to this question rather than do it outwardly. + + + +*What about the fact that we're down 60%?" + +Answer: I find this to be the most obvious indicator. The price dropping that much on no news and given market metrics like OBV is proof that not only are people not selling but they're also pouring money in en masse to buy this dip. Broker buy to sell order ratios have always been heavily in apes favour on the buy side, this has been especially true during the great dip of desperation. + +That 60% drop is their desperation showing through. The lengths they've had to go to in order to dip the price so much has shown their hand. They have shorted traditionally increasing both SI% as well as the borrow rates for shares driving up the cost of shorting for everyone. + +They have also shorted ETF's to SI's of 600-700% which again is now public knowledge. They previously have always tried to hide their fuckery as much as possible so they can continue to state "We closed our positions in January". Now they're essentially taking out digital billboards on the market with neon colours stating "We're fucking around! Ask how!". + +Shorting of ETF's is expensive, it's inefficient and it's also angering other major entities who have nothing to do with this play. The rampant and abusive shorting of ETF's has already been mentioned by the SEC who have again gotten the DOJ involved so for the regulators to openly state they're aware of it only to now do it wholesale? Dang, you bleedin' homie. + +As a side note, with Melvin losing $7.8B in ONE month. Where do you think that puts parties with a higher short position? They are putting out loud signals that they are thrashing to survive. + +So, yes, the fact we're down 60% is BULLISH AS FUCK in my opinion and when the next run up occurs there's going to be a lot more 'splainin to do. +This got removed from r/lifeprotips so let's see how it goes here... + +I've paid for prime since it was available, and lately I've noticed it's gotten increasingly worse with shipping. + +**FYI** \- Prime doesn't mean you will get an item in 2 days, it means you **should** get the item 2 days **after** it ships, and there will often be multiple days between order and ship date meaning *a $119 prime membership often gets items delivered to your door 3-5 business days or more after you order*. + +[Edit: They also no longer offer a 1 month prime extension for shipping errors](https://www.dealnews.com/features/Amazon-Quietly-Killed-a-Popular-Prime-Shipping-Perk/2207696.html) + +**Example** + +* You place 24 orders on Amazon prime over the course of a year +* 4 of those orders arrive over 2 days after you place them online due to multiple days "processing" or shipping errors (for me it has been much worse than this) +* That effectively means you paid $5.95/order for 2 day shipping + +Look at how often you purchase, how quickly items are delivered, and decide if that's worth paying $119 for. If you only have it for the 2 day shipping there is a good chance it's not, especially when you consider many other online retailers carry the same items and now ship free with Walmart (I know they're the devil but it looks like Amazon might be too) even offering free 2 day shipping on many items without an extra membership fee. +TLDR: Under PoW, as the price of ETH and the hashrate are positively correlated. Therefore, as as the price increases, in equilibrium so too does the power consumed by the network. Under Proof-of-Stake, when the price of ETH increases, the security of the network does too (the value of the ETH at-stake is worth more), but the energy requirements remain unchanged. + +Source: https://blog.ethereum.org/2021/05/18/country-power-no-more/ +Question for the veteran algo traders about the impact the Wash Rule has on your tax bill. As algo traders I assume we transact many hundreds or thousands of trades per year, and over the course of a year we’ll trade many of the same instruments repeatedly, many of which will be losing trades. Which stands to reason that most (maybe all) our trades are “wash trades”. If I understand correctly, we are taxed on our GROSS earning, and not the net earning because we can’t deduct our losses. + +This article in Forbes about a guy who netted only $45,000 in earnings, but has an $800,000 tax bill! has me a little worried. + +https://www.forbes.com/sites/shaharziv/2021/03/26/robinhood-trader-may-face-800000-tax-bill/amp/ + +He bought and sold the same stocks many times over and sometimes incurred some big losses. But despite his drawdowns he is taxed on every single gain but can’t include his realized losses. Unbelievable, but true. + +This seems like something algo traders must surely come up against given the frequency of our transactions and the amount of our realized losses. How do you reconcile the “profit” you earn with a massive tax bill? How can algo trading even be viable for non-professionals if the tax exceeds the profit? +Article [here](https://www.newsweek.com/54-percent-americans-want-work-remote-regularly-after-coronavirus-pandemic-ends-new-poll-shows-1501809). + +Do Canadians share the same sentiment? Its a question we should ask to better understand how real estate will develop over the coming decade. + +Are suburbs more popular now? Does someone who lived in downtown Toronto now move to Waterloo and goes to Toronto 3 or 4 times a month to enjoy the city? + +How about office spaces and commercial real estate? Less young professionals spending money on dinner and drinks affecting restaurants? +Already posted this in another subreddit so I'm looking for your best ideas to profit from my thesis, assuming it comes true. I'm already long Natural Gas. + +Natural Gas is used for manufacturing nitrogen, which is used for fertilizer, and given the reduction in CapEx in the oil & gas industries over the past decade and push for Green Energy, I think we're going to have a shortage of it in the coming months. Farmers will struggle to get fertilizers and yields will decline. + +Fertilizer and food prices will go up. China has already curbed the export of phosphate (somehow this has barely made the news given the HUGE implications this could have) and I predict the problems are going to get worse as the months go by. + +Crude oil is going to anywhere b/w $130-$150 per barrel and Nat Gas can easily double from current levels too in the coming years. The push for green energy and has sucked hundreds of billions out of energy CapEx and government's ESG regulations are stopping new money from coming into the industry and increase the supply. + +Crude didn't rise in the last decade primarily due to the deflationary force of shale oil. Shale oil was driven by the Federal Reserve's QE making investors yield hungry and investing in high risk ventures they otherwise wouldn't have (like shale oil). That's primarily why we have had so many loss-making Zombie companies over the years. + +However, with the pandemic crushing shale oil, the flow of money has stopped. And shale oil fields don't last as long as conventional oil fields either. So this deflationary force is going to weaken considerably. + +Same for Nat Gas. I think the price can double in the years to come, especially with winters getting chillier in the West. This phenomenon is expected to persist in the coming years due to grand solar minimum. + +I realize supply side issues don't usually last long as the increase in profit incentivizes new players to enter the market and increase supply. However, this time it can be different due to govt and ruling class elites worldwide, from Price Harry to Bill Gates to Jeff Bezos, pushing for action against climate change while travelling in private planes themselves. +I’ve never been able to save and I always felt horrible about it because I’d hear others savings thousands. My brother saved 15k before moving out, my boyfriend managed to save almost 10k in one summer. I felt I couldn’t do it. + +However I’ve been saving for a few months since I’m moving out in May...I know 1,000 isn’t much but it’s the first time I’ve saved up this much! + +Edit: any extra money I didn’t expect to receive went straight into savings and it’s been a good method. I’m currently working on my shopping addiction which sets me back a lot but I’m doing my best to stop spending on clothes so much and have been selling items + +Edit 2.0: thank you everyone for all the congratulations and recommendations! I will reply to everyone when I get a moment <3 + +Final edit: thank you everyone for the amazing messages, the tips, the congratulations. I see now that it is a milestone and is not so little as I make it out to be in my head. I’ve tried replying to most and will do my best to reply to any others when I can! +This is the final call for the Whitelist for our presale, it ends today (4th of July) at 23:59 UTC. This is your last chance to get in on our whitelist raffle. Our presale and launch is tomorrow 5th of July. + +Our community is now nearly 9000 members strong and growing. The hype is getting insane and we are getting inundated with inquiries. Make sure you are there for one of the biggest launches of the year. It’s all going to be happening in our telegram group: http://t.me/touchtoken + +Whitelist winners will be announced hours before the presale, after hard cap is reached, we will be listing on Pancake Swap. One lucky winner from the Whitelist will get a chance to win $2000 in BNB rewards!!!! Make sure you follow the link and complete the tasks for a chance to be in the Whitelist: http://touchcrypto.net/presale/ + +Coinsniper listing is now live, please follow the link and vote for $Touch https://coinsniper.net/coin/3892 + +Check out our YouTube videos by Crypto Influencers: + +1️⃣ https://youtu.be/Y3sG0J0\_d7Q + +2️⃣ https://youtu.be/g\_PkoqDd6sc + +Here’s a tweet by one of our Twitter influencers: + +https://twitter.com/ruffleycrypto/status/1410369776849883139?s=21 + +TikTokers are raving about us: + +https://vm.tiktok.com/ZMdmqot89/ + +❓ What is $Touch? + +The next frontier in Crypto. Touch aims to make using crypto as easy as a regular card payment. Our tokenomics are structured to reward investors and give back to charity as part of our social corporate responsibility. Crypto has never been easier of fairer. + +💸$Touch's Marketing strategy: + +Our veteran marketing team is aiming to get listed on major platforms such as CoinGecko and Coin Market Cap as soon as possible after launch. These goals will also enable $Touch to get listed on major exchanges in the future. $Touch will also be seeking influencer partnerships to help spread the word and meet our goals. + +🏦Will there be a Pre-Sale For $Touch? + +$Touch's Presale Whitelist is currently live (see the top of this post for more information on how to be whitelisted). $Touch will also have a public Pre-Sale. The allocation for the pre-sale is as follows: + +Soft Cap: 500 BNB + +Hard Cap: 1000 BNB + +Allowance: Min: 0.1 BNB, Max: 2 BNB + +🚨🚨Join the Touch Army and become the top Shiller! 💵💰 + +We have 20 guaranteed Whitelist spots up for grabs for our best Shillers! $250 worth of $Touch Tokens is also up for grabs for each of the top 5 Shillers!! + +Simply join the Touch Army telegram group for more info: https://t.me/touchtokenarmy + +🌎 OUR OFFICIAL LINKS 🌎 + +⏩ Official Website [https://touchcrypto.Net](https://touchcrypto.net/) + +⏩ Twitter https://twitter.com/touchtkn + +⏩ Telegram Group https://t.me/touchtoken + +⏩ Instagram Page: https://instagram.com/touchtoken + +⏩ Facebook Page: https://facebook.com/touchcrypto + +⏩ Tiktok Page: https://tiktok.com/touchtoken +My cash on cash is around 15%, I am also building my portfolio by flipping houses with a profit per house of 30-100k. I want to retire but I don't know if I should trust a property manager to keep doing things the way I do. I'm used to doing things by myself. I don't know what to do at this point. I'm attracted to bigger deals that make more money ljke mobile homes but since I also wanna retire I am thinking about NNN properties.. +Correct my math but if I buy properties for around 100k, 20% down and some renovation, a house costs me around 35k. I use the 1% rule and after 40% expenses I get home with around 4500 a year. If my goal is 100k I would need 22 houses. I would like to know if it would be faster to flip (faster profit as I don't rent it out but less time to gain appreciacion) or rent longterm and keep refinancing. +Let me know how wrong I am (lol) or foolish. Thanks +[Part 1](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/) + +###Apes, I’m stunned. I’ve rewritten this post several times because of what I’ve discovered. I haven’t seen it anywhere else on Superstonk. + +All of this is intertwined. I won’t be able to get to all of the pieces of Citadel in this part so this DD will continue… and build… into Part 3. + +This is a fucking ride. + +*** +#Preface, part 1: Kudos + +First I’d like to follow up on some key critiques from [Part 1](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/) and give kudos:. + +* EU MMs – MAJOR kudos to u/NoughtyNought who did digging on finding [the list of EU MMs](https://www.esma.europa.eu/sites/default/files/library/list_of_market_makers_and_primary_dealers.pdf). +* DE markets – MAJOR kudos to u/LNhamburg who has been looking into European markets since February and even followed up on my post with an [awesome post of their own](https://www.reddit.com/r/Superstonk/comments/o3c7ar/a_european_footprint_after_reading_the_sun_never/). + +But first, I need to apologize. **I erroneously said Citadel was an MM across the EU in Part 1**. I found conflicting sources, and Citadel *is* an MM in Ireland, but I should have clarified. I’ll explain more on “how” and “why” I missed this later, but props to these Apes above who did their Due Due Diligience, I am in your debt. (*“To err is human...”*) + +* Several users also pointed out: MEMX lists several “friendly” institutions, including BlackRock and Fidelity, as founders, not just Citadel and Virtu. +* This is true! Kudos to the several users who broght this up: u/mattlukinhapilydrunk, u/Robin_Squeeze + +So what should we make of Citadel being at MEMX? *Does Citadel really control MEMX – or even monopolize the market – if Blackrock, Virtu, and Fidelity are there too?* + +*** + +#2.0: Introduction + +The price of $GME is artificial. Prior posts have shown how $GME is being illegally manipulated by key players to the financial system, namely Citadel. These companies abuse their legitimate privileges to profit themselves at the expense of the market and investors. But it goes much deeper: ***Citadel is now positioned to do more than just monopolize securities transactions. Citadel is positioned to BE the market for securities transactions.*** + +&nbsp; + +Wait, what? + +Buckle up. + +*** + +#2.1: KING, I + +Citadel’s influence on the market is all due to one quality: **Volume.** + +Volume is king. There is no way to understate it. + +* Remember [this chart?](https://i.redd.it/idkn9cchpn571.png) Citadel and Virtu’s combined volume being larger than any exchange is only the beginning; it’s our starting point. + +Do you want to know why it’s taking so long to MOASS? + +* Look at this [tweet estimating the fees the MMs make off of volume.](https://i.redd.it/0ruptccy0u871.png) - [sauce](https://twitter.com/EricBalchunas/status/1354775322445701128) +* MMs made an estimated $350M+ in four days. January 27 (the “sneeze”) [volume was 24.8 billion equities traded](https://www.marketsmedia.com/us-equity-trading-volume-reaches-record/) for a single day. + + * (we now know the MMs also took the full income of the shares they sold since they were selling pledged shares and never delivered) + +* This illustrates how the MMs generate revenue off of any volume. They do this with nearly any security or transaction they make a market for. + +*So the same activities that empower Apes to create the MOASS also provide the MMs with more resources to prolong the arrival of MOASS.* + +&nbsp; + +What a fuckin’ paradox. + +*** + +#2.2: Kneel before the crown + +**Volume is king.** Once a firm hits a critical mass of transactions, it becomes impossible NOT to deal with that firm. For example: + +&nbsp; + +**Exchanges** + +* The NYSE & Nasdaq view Citadel/MEMX as a threat. Look at this article posted on the Nasdaq website [regarding MEMX](https://www.nasdaq.com/articles/the-answer-to-memx-2020-07-06): + +> “MEMX will provide market makers with the ability to bypass the exchanges entirely.” (*lol, so pissy*) + +*(credit to u/Fantasybroke for their [awesome comment](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/h2936st/))* + +* As much as these exchanges might be “frenemies” with Citadel, they still need to function as businesses. +* This pandemic posed a major issue for the NYSE: *how could they do IPOs* – a critical function for exchanges – *when all traders were remote?* +* They relied on Citadel. [Nine times](https://www.businessinsider.com/how-citadel-securities-dmms-are-handling-ipos-remotely-2020-5). +* There was *no other firm* that had the capability to execute. Only Citadel. + +**Brokers** + +* Awhile back there was a post about how a broker sent notice to clients saying in effect that they wouldn’t know how to source their transactions in the event of Citadel defaulting. Users should expect delays in transactions if that happened. + + * (*eToro? WeBull? Schwab? TDA?* *Superstonk I need the source, help![]*) + +* If confirmed, this implies major brokerages are becoming or already are reliant on Citadel for basic, essential functions. + +[WHAT. THE. FUCK.](https://www.reactiongifs.com/wp-content/uploads/2013/10/tom-delonge-wtf1.gif) + +Let me it say again another way: we are at a point where **MAJOR BROKERAGES AND EVEN EXCHANGES DO NOT KNOW HOW TO FUNCTION WITHOUT CITADEL.** + +But it’s bigger than that – it’s not just key players in the market that are reliant on Citadel. + +But first. + +*** + +#2.3: The Four Corners + +> *We... manufacture money.* + *– Ken Griffin* + +&nbsp; + +That Ken Griffin quote stood out to me, I have a background in operations with experience in manufacturing & logistics. “Manufacture” implies **certainty** of output, given the correct inputs. Looking at Citadel’s actions in the context of manufacturing - supply and demand – we can reverse engineer the strategy. Understand how we got here. Let's go. (*This is important groundwork, but if you need to skip you can jump to "2.6: Corner 3: Buyer"*) + +##Overview + +You can think of the financial industry as one that manufactures “transactions”, in the same way that the automotive industry manufactures “vehicles” of all varieties. + +To manufacture a transaction requires a **buyer**, a **seller**, a **product**, and is produced in **a venue** (a.k.a. a “Transaction factory”). + + +* The national “supply” comes from the collection of the different “factories”: exchanges, ATS’s (Dark Pools), SDP’s (single-company terminals), etc. Each of the venues produces a slice of the overall Transactions pie chart. +* Supply of “raw materials” (lol) - buyers and sellers with products - flow into the various factories. Exchanges have been the primary “Transaction factories” for centuries. NYSE and Nasdaq still produce a large portion of US transactions every year. +* These exchanges employ Market Makers as a permanent stand-in buyer, seller, or provider of products at the exchanges – whatever is needed. Exchanges charter MMs to provide the missing pieces to complete the transactions, and provide the MMs with special abilities to do so. Because exchanges benefit from having MMs. + +So... + +...*if you were a Market Maker, and you already provide the raw materials for* **buyer, seller, and product** *pieces of “production,” what would you want to do next if you wanted to grow?* + +&nbsp; + +You would want a **venue.** Then you could manufacture transactions independently. + +So guess what Citadel wants to do? + +&nbsp; + +But – is Citadel is ready? Do they really have enough **Products, Sellers, and Buyers** to supply a “factory” of their own? + +*** + +#2.4: Corner 1: PRODUCT + +Product is about **range.** Range of available products is the critical feature demanded by clients, as well as the necessary volume. + +Storytime: + +* A few months back a reddit user commented about their experience working at a financial firm. + + * (*for the love of everything I can’t find the comment now – Superstonk help again!?[]*) + +* I don’t remember the username, probably something like “stocksniffer42” or whatevs, lol. Let’s call him “Greg.” + +* Greg would occasionally need to make securities transactions at a nearby terminal, a couple times a week. Price wasn’t really important to Greg. + +* But what WAS significant was **availability**. Greg had providers he preferred because they had what he needed. When they didn’t it was super inconvenient for him because THEN Greg would have to search through enough providers to find what he needed. +* **The more “availability” that a certain provider offered, the more likely Greg used them.** + + * This is pretty much the Amazon/WalMart/Target strategy. You’re more likely to buy from them since they have everything. Even if it’s not the lowest price. + +Exchanges have a limited offering – CBOE doesn’t offer the same products as NYSE and vice-versa. + +*Huh, look at that. Citadel is a MM for multiple exchanges - CBOE, NYSE, and NASDAQ. Looks like Citadel can offer options, securities, bonds, [swaps](https://www.bloomberg.com/news/articles/2016-09-01/ken-griffin-gets-redemption-in-swaps-market-once-ruled-by-banks), and pretty much [any product under the sun](https://www.citadel.com/disclosures/).* + +Seems like Citadel has “Product” pretty well sorted. What about the other pieces? + +*** + +#2.5: Corner 2: SELLER + +Generally, Sellers are interested in only **price**. However, price is the LEAST important aspect of all demand, believe it or not. (*Note: we’ll assume some interests overlap between buyer and seller because the same party can alternate roles.*) + +Price is supported market-wide by a sense of trust and pre-arranged transaction costs: + +* Price is set nationally by **the NBBO** – [the National Best Bid and Offer](https://www.investopedia.com/terms/n/nbbo.asp). A national price range that establishes trust with buyers and sellers. Everybody abides by it. [Nobody will be scamming anyone on price in the NBBO](https://www.law.berkeley.edu/wp-content/uploads/2019/10/bartlett_mccrary_latency2017.pdf). Because... + + * **Venues** (like exchanges) don’t make money off price, they make it from member fees, or sub-penny fees. + * **Product** prices can vary quickly, so it’s somewhat relative. Precision pricing isn’t a concern for the vast majority of non-HFT trades. + * **Buyers** will proceed if the price is within their acceptable range and doesn’t have an undue markup. + * **Market Makers** make very little money on individual transactions, usually. + +* We individual retail investors may want maximum profit through a single transaction (\**cough*\* DIAMOND HANDS \**cough*\*)... but not Market Makers. + +However, institutional sellers have an additional price agenda: + +* Volume sellers don’t want to flood the market of their given security, dropping the price right as they sell. They want to offload the asset in a price-friendly way. +* Strategic sellers don’t want the marketplace to know that they changed a position, they want to keep their transactions private. + +These sellers would want a venue that won’t affect the public price and remains private. + +* So price agenda is relative - it’s up to each party to decide their interests. At the point of transaction price is either pre-negotiated (for volume sells), or else *precise* price does not matter for non-HFT transactions. (*Would you sell $XYZ at $220.05 but NOT at $220.02?*) + +Strategically, if Citadel wanted to increase its volume of sellers it would need: + +* the ability to absorb large volumes of securities (i.e. buy a lot at a competitive price) +* source a large volume of buyers to match with the sellers. +* have a private transaction venue to attract sellers of any volume + +*Interesting. Seems like Citadel is probably already doing a lot of this activity through the exchanges or Dark Pools they might be connected to.* + +How about the last piece? + +*** + +#2.6: Corner 3: BUYER + +A Buyer is interested in one thing: **ease of access.** + +Like Greg, a buyer wants easy access to a range of securities, acceptable prices, and easy access to to sellers. + +Citadel can be all of these and/or provide them, but, wait – + +&nbsp; + +How exactly can clients **buy** from Citadel? + +&nbsp; + +*Maybe clients can buy from Citadel on the public exchanges?* + +* True, but Citadel could still lose the bid. Or pay additional fees, or lose on the bid-ask spread. +* Also, that’s no good for Citadel. It means the clients are coming to the exchanges, which are the venues Citadel is trying to compete against. + +*Perhaps their target clients are institutions that want the kind of lower-cost, lower-visibility option that a Dark Pool offers? Can clients buy from Citadel on one of the many Dark Pools/ATSs?* + +* Yes, but the Dark Pools can be “pinged” by HFTs to reveal positions and interest. Someone else could front run the transaction. +* And again, the venue would be making the transaction, not Citadel. + +*So why doesn’t Citadel do their own Dark Pool then? Why should the US’s largest Market Maker pay to use someone else’s Dark Pool?* + +* Okay, let’s check if Citadel Has their own ATS. Hmmm… that’s weird. There is [no ATS registered to Citadel](https://www.sec.gov/files/data/alternative-trading-system-ats-list/atslist053121.pdf). *Anywhere.* + +* (Dark Pools have to [register through form ATS-N](https://www.sec.gov/divisions/marketreg/form-ats-n-filings.htm) due to SEC regulation ATS) + +***So if Citadel has to compete for buyers in exchanges, and they pay to go through Dark Pools, then why, or how, do clients buy from Citadel? How does Citadel get its volume?*** + +Easy. + +&nbsp; + +Citadel Connect. + +&nbsp; + +*Wait, what?* + +**[Citadel Connect](https://i.redd.it/v35705zpru871.png).** + +That’s right. You’ve been in these subs for 6 months and you haven’t heard of **Citadel Connect**? Citadel’s “not a Dark Pool” Dark Pool? (That’s not by coincidence, btw). + +&nbsp; + +[***MOTHERFUCKER WHAT?!?!***](https://i.redd.it/wy0fpnnb0u871.jpg) + + + +Citadel Connect is an SDP, not an ATS. The difference is the reporting requirements. SDPs do not have to make the disclosures that either the exchanges or even the ATSs (a.k.a. Dark Pools) have to. + +* (FINRA once took a look at [regulating SDPs](https://www.sec.gov/rules/sro/finra/2019/34-86315.pdf), but decided [not to](https://i.redd.it/328lgq1s1v871.png)). + +&nbsp; + +[Yep.](https://media0.giphy.com/media/UvtKiyeWYEhRC/giphy.gif?cid=ecf05e47d9juouou9jrbshblwc2adl6q17tv6g424rp2kvoi&rid=giphy.gif&ct=g) + +There is a laughable amount of search results for Citadel Connect on Google. There are no images of it that I could find. I believe it is an API-type feed that plugs into existing order systems. But I couldn’t tell you based on searches. I found no documentation – just allusions to its features. + +* So when the SEC regulated ATSs in 2015, Ken shut down Citadel’s actual Dark Pool, [Apogee](https://www.reuters.com/article/us-citadel-darkpool/citadel-securities-to-close-apogee-dark-pool-sources-idUSKBN0MN22Q20150327), in order to avoid visibility altogether. Citadel started routing transactions [through Citadel Connect](https://www.reuters.com/article/citadel-darkpool/citadel-sees-volume-surge-in-its-citadel-connect-dark-pool-idUSL2N0LQ17H20140221) instead. + +* Citadel Connect doesn’t meet the definition of an ATS. There is no competition – no bids, no intent of interest, no disclosures – nothing. It is one order type from one company. +* Order type is IOC (Immediate Or Cancel), and the output is binary – a type of “yes” or “no”. You deal only with Citadel. + + * *“Citadel, here’s 420 shares of $DOOK, will you buy at $6.969?”* + + * “YES” --> *transaction complete*, or + * “NO” --> *end transaction* + +* Since it’s private, the only information that comes out of the transaction is what’s reported to the tape, 10 seconds after the transaction. + +*Okay, so you’re just buying from a single company, that doesn’t seem like a big deal. And aren’t there are [a lot of other SDPs](https://blog.themistrading.com/2020/12/14434/)? So why is this a problem?* + +By itself? Not a problem. Buyers and sellers love it, I’m sure. + +However… + +*** + +#2.7: KING, II + +**Volume is king.** + +Citadel does such volume that it is considered a “**securities wholesaler**”, one of only a few in the US. Like Costco, or any wholesale business, it deals in bulk. But Citadel can deal in small transactions, too. + +Citadel has a massive network of sales connections through its Market Maker presence at US exchanges. It capitalizes on the relationships through Citadel Connect, turning them into clients. + +* **Citadel has a market advantage with its volume of clients.** + +Citadel Connect integrates into existing ATSs and client dashboards (here’s an example from [BNP Paribas](https://i.redd.it/dojfd7lyru871.png) - [sauce](https://globalmarkets.cib.bnpparibas/app/uploads/sites/4/2021/05/execution-venues-us-version.pdf)). Like Greg’s testimonial, I suspect it’s easy for just about any financial firm to deal directly with Citadel. + +* **Citadel has an ease of access advantage.** + +And given Citadel’s wide range of products it conducts business in and is a Market Maker for, I’m sure Citadel is an attractive option for just about anyone in the financial industry who wants to buy or sell a financial product of any kind. Competitive prices. Whether in bulk or in small batches. Whether privately or publicly. However frequently, or whatever the dollar amount might be. + +* **Citadel has a privacy and pricing advantage.** + +Like Amazon, WalMart, and Target, Citadel is offering *everything*: a wide range of products, nearly any volume, effortless ease of access, the additional powers of an MM, and a nearly ubiquitous presence. Doing so lets Citadel capture a massive amount of market share. So much that it is prohibitive to other players, relegating them to smaller niche offerings and/or a smaller footprint. + +* **Citadel has market presence advantage**. + +*** + +#2.8: The Final Piece: VENUE + + +So guess what Citadel wants to do? + +&nbsp; + +But… do you get it? Have you figured it out? + +&nbsp; + +>!Citadel doesn’t need to **get** a venue.!< + +>!Citadel ***IS*** the venue.!< + +&nbsp; + +Citadel is [internalizing](https://www.investopedia.com/terms/i/internalization.asp) a substantial volume of transactions from the marketplace. It’s conducting the transactions inside its own walls, acting AS the venue in itself. + +**Said another way, Citadel is “black box”-ing the transaction market, and it’s doing so at a [massive volume](https://i.redd.it/drdcsznn0u871.png) - [sauce](https://www.rblt.com/market-reports/let-there-be-light-us-edition-24).** + +*Okay, so it sounds like Citadel is just buying and selling from multiple parties, and making a profit off the spread. Every firm does that, though, right? It’s just arbitrage, it doesn’t make them an exchange.* + +* Citadel is offering the features of an exchange, or even benefiting from existing exchanges (i.e. the NBBO, MM powers across multiple exchanges) without any of the regulations of an exchange. It can offer more products, more easily, more quickly, more cheaply, and more privately than an exchange could. It’s so non-competitive that IEX - yeah, the exchange - [wrote about the decline of exchanges](https://medium.com/boxes-and-lines/the-rising-tide-of-broker-costs-and-the-shrinking-pool-of-competitors-40d4d389e59a): + + > “...trends of the past decade have seen a sharp increase in costs to trade on exchanges, a sharp decrease in the number of exchange broker members, and a steady erosion in the ability of smaller or new firms to compete for business.” + +* It is doing this at the same time that brokers and even exchanges are relying on Citadel more and more. And, by the way - *why are they so reliant on Citadel in the first place?* Glad you asked... + +&nbsp; + +**Volume is limited.** So the more volume Citadel takes... + +* ...the less volume there is for the competition. +* ...the more reliant the other players are on Citadel for buying and selling. +* ...the less profit for competitors, so the more expensive their services have to be. + +This “rich-get-richer” advantage is known as a “virtuous cycle” (hah – “virtuous”) – one of the most sought-after business advantages. + +**Citadel is capturing and internalizing more and more transactions, driving up costs for exchanges and making the competition smaller and smaller while also making them more dependent on Citadel to conduct critical business operations.** + +“Free market” + +*** + +#2.9: “...to forgive, divine.” + +Apes, I told you I would follow up on “how” and “why” I missed on Citadel not being an MM across the EU. + +The EU marketplace is structured differently than the American markets, with different rules and roles. I knew Citadel had a massive presence in the EU, I just missed the role. I think you can put together [why](https://i.redd.it/axa0gpvap1971.png). + +*** + +#2.10: TL;DR + +**Citadel is moving beyond monopolizing the MM role, it has captured a massive portion of all securities transactions and is moving them off-exchange. For an undisclosed portion of transactions, Citadel IS the market.** + +* Citadel positioned itself to provide every piece required to provide transactions – buyers, sellers, product – at an unrivaled scale, allowing it to be a wholesale internalizer. +* (“Internalizing” here is shorthand for “one company acting as a private exchange without exchange regulations or oversight”). +* Citadel does this through an SDP called “Citadel Connect,” which is a type of Dark Pool that doesn’t require disclosure. +* Citadel's overall volume and market position are prohibitive to new competition and also drives away all but the largest competitors. +* Even exchanges are losing volume to Citadel's OTC market share, threatening the exchanges’ position in the market. + +**Citadel is capturing more and more of the transactions market, experiencing less competition, as it enjoys more and more entrenched advantages, at the expense of the market and the investor.** + +This is the groundwork that will set us up for Part 3. + +*** + +#Part 3 coming soon... + +*** + +#EPILOGUE: Dieu et mon droit + +"But it’s bigger than that – it’s not just key players in the market that are reliant on Citadel." + +###Including this after the TL;DR for all to see. This is why I was delayed. + +This is a 2 minute video from Citadel’s own page. [Watch it.](https://www.youtube.com/watch?v=eVfxEBE-nI4&t=158s) It blew me away when I saw it, and I'll explain why below. Transcription mine (streamlined version): + +> *Mary Erodes:* That’s a really important shift. The groups that used to make markets, i.e. step in when no one else was there, were the banks. They have shrunk by law. So when we need liquidity in the future… [points at Ken] He’s has a fiduciary obligation to care only about his shareholders and his investors. **He doesn’t have an obligation to step in to make markets for the sake of making markets. It will be a very different playbook when we go through the liquidity crunch that eventually will come.** + +&nbsp; + +> *Ken Griffin:* I think this is very interesting, ”what is the role [Citadel] will play in the next great market correction?” …[In financial crashes] no one buys the asset that represents the falling knife. The role of the market maker is to maximize the availability of liquidity to all participants. Because the perception and reality that you create liquidity helps to calm the markets. We worked with NYSE and the SEC to re-architect trading protocols… **The role of large investment banks has been supplanted by not only Citadel Securities, but by a whole ecosystem of statistical arbitrage that will absorb risk that comes to market quickly.** + +[emphasis mine] + +Let me summarize. Mary and Ken commented that: + +* The old way of stabilizing financial crises was through multiple banks negotiating a solution to stabilize the economy. +* Banks can no longer do this due to regulations and their position in the market. +* Citadel (Ken) sees a Market Maker’s role as a stabilizer, to make sure there are no violent price swings. +* Citadel worked with NYSE and SEC to re-architect the markets/economy on this belief that MMs will stablize and calm markets. + +**IF this is true, and IF what Ken spoke of is an accurate reflection of how the market is now structured, then here is the subtext and implications:** + +* Market Makers, specifically Citadel and Virtu, are now the ECONOMY’S “immune system,” they are the **first and best line of defense against catastrophic collapse.** +* Their function is to make sure that no single security or asset class can expose the market to overwhelming risk. +* They manage this risk through statistical arbitrage and coordination with authorities (NYSE & SEC) on behalf of the market. +* Citadel worked with the oversight organizations to influence the structure of the overall market. + +**Going deeper:** + +Everyone in this room knew about naked shorting. And that Citadel was a primary culprit. + +Which implies that somewhere, at some point, a deal was reached, tacitly or explicitly. The NYSE and SEC were in on it (at the time): + +&nbsp; + +>!Citadel/MM’s get to control securities prices with relative impunity. Naked shorting and all.!< + +>!And in return, Citadel is responsible for making sure that no more crashes happen.!< + +&nbsp; + +**[WHAT THE FUCK.](https://i.giphy.com/media/kGweWfIbaezO8/giphy.webp) I have no words.** + +&nbsp; + +IF this is true, the implications for the MOASS are... + +* Citadel defaulting is the equivalent of the entire economy getting full blown AIDS and spinal cancer at the same time. Knocking out the immune system and the functional response chain of the market. +* This leaves the market vulnerable to violent price swings that can instantly bankrupt other players +* ...which is why the DTCC is so concerned about member defaulting and transferring of assets… +* ...and another reason why the MOASS is taking so long: every player in the economy needs Citadel’s assets need to remain intact, to stabilize the market and continue acting as the immune system. + + +This video is from 2018. It has been over 2 years since then, at the time of this writing. + +#Buy. Hodl. + + +*** + +Note 1: u/dlauer if you're reading this I'd like to connect re:part 3 - HMU with chat (DMs are off) + +Note 2: If you guys find the links I couldn't find (i.e. "Greg", and the brokerage letter saying Citadel defaulting would delay their transactions) - comment and I'll update! + +Note 3: Apes, I've seen responses to part one that end in despair. **Be encouraged** - regulators (NYSE, SEC, et. al) don't seem to like the current setup anymore. Gary Gensler's speech last month was laser-focused on Citadel and Virtu (and also confirms this DD): + +> Further, wholesalers have many advantages when it comes to pricing compared to exchange market makers. The two types of market makers are operating under very different rules. [...] + +> Within the off-exchange market maker space, we are seeing concentration. One firm has publicly stated that it executes nearly half of all retail volume.[2] There are many reasons behind this market concentration — from payment for order flow to the growing impact of data, both of which I’ll discuss. + +> Market concentration can deter healthy competition and limit innovation. It also can increase potential system-wide risks, should any single incumbent with significant size or market share fail. + +I don't think the guy likes Citadel very much lol + +*** + +Edit 1: I'm seeing some responses that think this post implies Citadel is all powerful or controls everything. Very much not the case. Apes have them by the balls. Buy and Hodl, as always. But it helps to know exactly *what* we are up against, and *why* the MOASS is taking time. 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Burn 5% of Hachiko Inu tokens +2. Marketing campaign "Prepare to trade our tokens on Hachiko Inu swap without fees" +3. Hachiko Inu swap/exchange is all green with minimum CO2 impact +4. Testing +5. Certify Hachiko Inu swap/exchange +6. Launch +7. Marketing campaign "Inu tokens, the cheapest way to send money to other countries" +8. Marketing campaign "Accept Inu in daily business" +9. Get listed on more cryptocurrency exchanges +10. Deploy "New token", Hachiko Inu holders having early access +11. Prepare our "New token" for direct payment with debit card + +&#x200B; + +💰 5% reward from ALL transactions + +💎 LOW MARKET CAP + +🔒 Liquidity LOCKED + +🔥 51% of total supply BURNED + +🔒 22% prepared as a liquidity for Hachiko swap + +⭐️ No Presale + +⭐️ 100% SAFE + +✅ Telegram: [https://t.me/hachiko\_inu](https://t.me/hachiko_inu) + +✅ Twitter: [HachikoInu1](https://twitter.com/HachikoInu1) + +✅ Website: [hachikoinu.org](https://www.hachikoinu.org/) + +✅ Reddit: [r/Hachiko\_Inu](https://www.reddit.com/r/Hachiko_Inu/)/ + +✅ [Youtube](https://www.youtube.com/channel/UC8P7te1f2bf8Wu66kHRSADQ) + +🎬 Hachiko Inu (INU) White Paper Video: [https://youtu.be/\_i77ZZ9wVyk](https://youtu.be/_i77ZZ9wVyk) + +▶️ Interview with founder by DJ Crypto: [https://youtu.be/B1SLoblbFmE](https://youtu.be/B1SLoblbFmE) + +▶️ How to buy Hachiko Inu (INU) guide: [https://youtu.be/xc-0SHx8Xy4](https://youtu.be/xc-0SHx8Xy4) + +📈 [Dextools chart](https://www.dextools.io/app/uniswap/pair-explorer/0x9e53fad7cb9343333809a049c322ebc1f72ef544) + +✅ [Uniswap](https://app.uniswap.org/#/swap?outputCurrency=0xf32aa187d5bc16a2c02a6afb7df1459d0d107574&use=V2) + +✅ [Etherscan](https://etherscan.io/token/0xF32aa187d5Bc16A2C02A6aFb7Df1459d0D107574) + +✅ Contract: 0xf32aa187d5bc16a2c02a6afb7df1459d0d107574 + +Story Of [Hachiko Inu](https://www.hachikoinu.org/) + +Hachikō (ハチ公, 10 November 1923 – 8 March 1935) was a Japanese Akita dog remembered for his remarkable loyalty to his owner, Hidesaburō Ueno, for whom he continued to wait for over nine years following Ueno’s death. (Source: wikipedia.com) + +Hachiko became a legend, and his story is still celebrated today. You can see his statue in many places. The most famous is at Shibuya Station in Tokyo Japan. If you would like to know more, you can watch “Hachi: A Dog’s Tale”, a great movie from the US, starring Richard Gere. +PURPLE FEG is a Social Engineering For The Crypto Space + +What is PURPLE FEG? + +🦍 PURPLE FEG TOKEN + +📝 Token Specification: + +📇 Name: Purple Feg + +🪧 Symbol: $PFEG + + 🖥 Network: Binance Smart Chain + +✔️ Spec: BEP-20 + +Did you miss out on Red Feg?! Green Feg? White Feg? Orange feg?! Let's be honest, the list goes on and on, and chances are if you got in on it later than half a day in, you probably got in late. Well this is your chance to be EARLY as can be on a trendy coin with a BASED ASS DEV! This guy is listening to the community, marketing to who the community asks for, yada yada, insane shit. + +Don't sleep on PurpleFeg, this could be a BIG one! + +We are here to Feed Every Gorilla PURPLE DRANK! + +What is PURPLE FEG? + +Buy and hold Purple Feg to reap the rewards of its frictionless yield protocol, earning passive income and enjoying price appreciation as the community-driven hype achieves dynamic milestones! + +✅ Rugproof + +With its liquidity locked and the contract renounced, Purple Feg is completely rug-proof. Purple Feg’s automatic partial fee distribution to the liquidity pool results in a perpetually increasing price floor--each sell has less price impact than the last. + + +📤 TELEGRAM: https://t.me/purplefegbsc + + +🌐 WEBSITE: https://www.purplefeg.com/ + + +🐦 TWITTER: https://twitter.com/Purplefeg + + +💰Tokenomics 💰 + +To provide imperial safety, there are no tokens apart from those that are added to the liquidity. +No dev tokens! + + +💰 FEGENOMICS: + + +📌5% TO LIQUDITY + + +📌5% TO HOLDERS + + +LIQUIDTY WILL BE LOCKED VIA DEEP LOCK + + +CONTRACT : 0xabd25dd25e5579f06b2b452a2df8567282059f20 + + +💧STARTING LIQUIDITY : 1 BNB + +💧1 day later its over $7,000 + + +🔥50 PERCENT BURNT BEFORE LAUNCH🔥 + + +💸CURRENT MARKET CAP IS ONLY 140k💸 + + +🎤DEV IS ACTIVELY IN VC🎤 + + +🧍CRYPTO MESSIAH, CRYPTO MAESTRO, KO KID AND MORE ALREADY TWEETED, AND MORE INFLUENCERS OTW 🧍 + + +📈MARKETING WALLET TO BE USED SOON 📈 + + +IF YOU MISSED OUT ON RED FEG, DONT MISS OUT ON PURPLE FEG 🦧 + +We are here and we are here to stay! PURPLE FEG IS THE ONE TRUE FEG! + +DYOR! + +You can check the contract carefully before investing, we have done our part!! We want to grow this Community and make it strong. +PURPLE FEG is a Social Engineering For The Crypto Space + +What is PURPLE FEG? + +🦍 PURPLE FEG TOKEN + +📝 Token Specification: + +📇 Name: Purple Feg + +🪧 Symbol: $PFEG + + 🖥 Network: Binance Smart Chain + +✔️ Spec: BEP-20 + +Did you miss out on Red Feg?! Green Feg? White Feg? Orange feg?! Let's be honest, the list goes on and on, and chances are if you got in on it later than half a day in, you probably got in late. Well this is your chance to be EARLY as can be on a trendy coin with a BASED ASS DEV! This guy is listening to the community, marketing to who the community asks for, yada yada, insane shit. + +Don't sleep on PurpleFeg, this could be a BIG one! + +We are here to Feed Every Gorilla PURPLE DRANK! + +What is PURPLE FEG? + +Buy and hold Purple Feg to reap the rewards of its frictionless yield protocol, earning passive income and enjoying price appreciation as the community-driven hype achieves dynamic milestones! + +✅ Rugproof + +With its liquidity locked and the contract renounced, Purple Feg is completely rug-proof. Purple Feg’s automatic partial fee distribution to the liquidity pool results in a perpetually increasing price floor--each sell has less price impact than the last. + + +📤 TELEGRAM: https://t.me/purplefegbsc + + +🌐 WEBSITE: https://www.purplefeg.com/ + + +🐦 TWITTER: https://twitter.com/Purplefeg + + +💰Tokenomics 💰 + +To provide imperial safety, there are no tokens apart from those that are added to the liquidity. +No dev tokens! + + +💰 FEGENOMICS: + + +📌5% TO LIQUDITY + + +📌5% TO HOLDERS + + +LIQUIDTY WILL BE LOCKED VIA DEEP LOCK + + +CONTRACT : 0xabd25dd25e5579f06b2b452a2df8567282059f20 + + +💧STARTING LIQUIDITY : 1 BNB + +💧1 day later its over $7,000 + + +🔥50 PERCENT BURNT BEFORE LAUNCH🔥 + + +💸CURRENT MARKET CAP IS ONLY 140k💸 + + +🎤DEV IS ACTIVELY IN VC🎤 + + +🧍CRYPTO MESSIAH, CRYPTO MAESTRO, KO KID AND MORE ALREADY TWEETED, AND MORE INFLUENCERS OTW 🧍 + + +📈MARKETING WALLET TO BE USED SOON 📈 + + +IF YOU MISSED OUT ON RED FEG, DONT MISS OUT ON PURPLE FEG 🦧 + +We are here and we are here to stay! PURPLE FEG IS THE ONE TRUE FEG! + +DYOR! + +You can check the contract carefully before investing, we have done our part!! We want to grow this Community and make it strong. +**Personally, I think that NVIDIA is a great company that generates value for the metaverse issue since they are specialists in graphics cards / chips to make that reality possible, but how do I know if it is not overrated right now? That is, what I would have to measure to know if it is overvalued today, to know if it is a good purchase option today.** + +***(I understand that a single company cannot develop the metaverse by itself).*** +The above quote is my favorite advice I’ve heard from the FI community. It’s helped me achieve financial stability and growth while truly enjoying life (something that can be hard when aiming for a super high savings rate). + +Things I spend on without beating myself up: travel, tattoos, yoga, my partner, my cat, and renting a decent place for myself. These things bring me legitimate joy. + +Things I mercilessly cut spending on: clothes, restaurants/bars, furniture, cars, and new tech/devices. These things don’t really affect my happiness. + +You may have completely different priorities than +me, and that’s great! My point is just to make it clear what you care about, and allow yourself to direct money that way. Even though I spend on things I love, my monthly spending has taken a nosedive by saving on things I don’t care about. + +Much love to you all! + +Edit: Wow thank you for the love and awards on my first-ever Reddit post. As many of you pointed out, the quote is from Ramit Sethi, author of I Will Teach You To Be Rich. I also wanted to clarify that “extravagant” doesn’t necessarily mean “luxury.” When I say I spend extravagantly on things, I still do so responsibly. Example: I love travel but that doesn’t mean I book first class tickets and five star hotels. It means I travel cheaply so I can afford more trips throughout the year. It’s all about forming a positive and honest relationship with yourself 🖤 +Some sanity finally returning? + +> The government on Thursday introduced a Bill in the Lok Sabha seeking to bury retrospective tax demands it had made on companies such as Cairn Energy Plc and Vodafone Group of U.K. + +https://www.thehindu.com/business/government-buries-retro-tax-introduces-bill-in-lok-sabha-to-withdraw-demands-on-cairn-vodafone/article35745993.ece?homepage=true + +Edit: Guys this is NOT AGR related. I posted this on another forum and people saw it there and rushed and bought VI stock assuming this was AGR related. Please do your research before rushing in buying, maybe it is a good time or maybe it is a bad time just make sure you understand the situation. + +Here is an article explaining the liabilities of Cairn and Voda. + +https://timesofindia.indiatimes.com/business/india-business/retro-tax-law-what-were-the-liabilities-of-vodafone-cairn-energy/articleshow/85071972.cms + +AGR is a different issue and solely based in India and the courts have ruled on it and that demand is for around around 60k crores. Make of that what you will. +I thought about calling the Samaritans but rather than reach out to one person, I thought it would be better (?) to say something publicly and get multiple opinions on my situation. + +I feel like I've ruined my families life. I have a partner and two young children. We both work. We scraped enough together (her inheritance, joint small savings) to buy our home a couple of years ago. + +This year my father became very ill and my gambling addiction has spiraled out of control. Once I reached one limit on my credit card, I'd open another - transfer the balance and go again. Then, loans... I'm now in a position that I think I've got more out than I have coming in. I've got my head in the sand a bit and it's not straightforward to work out as I earn different amounts each month. + +I owe about £65k. £25k of that is on credit cards that are at 0%. In less than a year most of that CC debt will jump to 29%. + +As it stands, on my basic wages I can just afford to pay these min payments-debts/share of mortgage and buy some food but after that I'm screwed. I'm probably going to have to Syphon fuel from vans at work just to get there and back. I'm shitting myself about what will happen in 12 months when I have make bigger repayments. + +I feel so disgusted with myself. My other half knows nothing about this & i'm terrified about what could happen if there's some sort of extra expense soon. + +I've looked at stepchange, what are the benefits/drawbacks from their options or god forbid, bankruptcy. I really don't want to lose my childrens home. +Starting working at age 23 with no college debt + +Net worth ~$1mm at age 40 + +Net worth $2.5 at age 45 + +Net worth $4.3 at age 46 + +Net worth $5.5 at age 47 (2020) + + +High earner, High saver and aggressive investor + +Albert Einstein once said “Compound interest is the eighth wonder of the world. He who understands it earns it…he who doesn’t…pays it.” + +Plan is to FatFire with $10mm by 50 +From **[Wall Street Journal](https://www.wsj.com/articles/do-ride-sharing-customers-sit-in-front-11556480113)**: + +> Uber and Lyft each provide substantial discounts and incentives to riders, which subsidize the cost of trips and encourage usage. But they don’t account for these amounts in their sales numbers. Instead they categorize them as marketing expenses. That inflates reported gross profits and distorts common analyses of the companies’ unit economics. +> +> This distortion is possible because both companies inexplicably assert that their customers are not the passengers but the drivers... + +And instead, passengers are called "end-users". These definitions allow them to adjust their sales: + +> In 2018 Lyft included $338.4 million of rider incentives and refunds in “marketing expenses.” Had it been treated as ordinary sales discounts, reported revenue would have been some 16% lower than the $2.16 billion disclosed. The same year Uber reported that $1.4 billion in “sales and marketing” was for consumer discounts, promotions and refunds. If treated as ordinary sales discounts, sales would have been 12% lower than the $11.27 billion reported. + +You can see **[Uber's S-1 filing](https://www.sec.gov/Archives/edgar/data/1543151/000119312519103850/d647752ds1.htm)** to the SEC calls passengers end-users: + +> End-users access the Platform for free and the Company has no performance obligation to end-users. As a result, end-users are not the Company’s customers. + +Uber says there, "Drivers are our customers". +2FA stopped sending SMS's to my phone... and support ignores me. Apparently I need karma to post on the coinbase reddit to get their attention. That should tell you all you need to know about putting money in coinbase. + +Any karma will be much appreciated, not sure how I can give it out myself... will gladly do so if someone explains.. + +EDIT: Thanks guys! I got enough to post and got a reply in minutes... this after usually waiting 4-5 days (or never). +Hello, I only recently came back to my college dorm after having to drive back home to talk to officers to inform me that my last parent has passed away. +I do not have any other adult relatives to rely upon. +I will admit right now, I am naive and young. I don't know a single thing about the real world yet and how financing works. I don't know what responsibilities I bear now that I am alone. I'm just looking for mostly financing advice on what I have to get done quickly as possible so that I do not have to pay hefty fines or debt later on. +This is all the information I know so far. +I am in the New Jersey area. +I'm estimating my father only had 3 or 2 thousand dollars saved, maybe even less. +He owns a 2008 car. +I am not sure if he had life insurance. +I am not aware of any loans he owes. +For sure he has bank accounts, but I am not allowed by the police to retrieve my father's wallet. (For now) +We lived in someone's basement, and we don't pay rent, because of certain reasons, it's a complicated situation. +If anyone needs further information please pm or comment, I will respond as soon as I can. +(Edit: I woke up this afternoon and I didn't expect this to blow up. I thank everybody for their supportive comments and messages. It really means a lot to me and I'll try my best to read everything.) +(Edit 2: I never thought I would receive so many thoughtful and helpful messages and comments. I feel a lot more comfortable with all the love that's been shown. I read every single message and comment as much as I can. Because I feel so grateful towards all of you guys, I thought that would be the least I can do to respect you guys back. Thank you, from the bottom of my heart. You guys really showed me there is still light in life.) +The recent debate on this sub has been whether SCHD or JEPI will be the better long term hold. I backtested the performance of each here’s what I found. +If you invested $1000 into each ETF at the beginning of 2019 and reinvested dividends, here are the results: +JEPI = $1,492, 8.5% average yield +SCHD = $1,791, 3.5% average yield +DIVO = $1,620, 5.5% average yield + + +The underperformance of JEPI over a longer period IN AN UP MARKET is apparent here. But how does it act in a down tape? From analyzing drawdowns, We can see that JEPI tends to hold up better in a bear market because of the covered call premium, as you would expect. DIVO performs somewhere in between the two. + + +TLDR; Most of the time, SCHD outperforms on the way up, and JEPI outperforms on the way down as well as in a sideways market because of its high yield. DIVO is somewhere in between. They are all good investments but their allocation in your portfolio should be determined by your time horizon, financial situation and risk tolerance. There is no one shoe fits all. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +>[This is breaking news. Please check back for updates.](https://www.cnbc.com/2021/01/28/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html) + +>Shares of GameStop, AMC and others jumped in extended trading on Thursday after Robinhood said it will resume limited trading. + +>"Starting tomorrow, we plan to allow limited buys of these securities. We’ll continue to monitor the situation and may make adjustments as needed,” Robinhood said in a statement. + +>GameStop shares rebounded in after hours trading following the Robinhood decision. The shares gained 28% to $247 in extended trading after closing down 44% to $193.60 during regular hours Thursday. + +[CNBC](https://www.cnbc.com/2021/01/28/robinhood-will-allow-limited-buying-of-restricted-securities-friday-gamestop-jumps-after-hours.html) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm wondering if actively managed mutual funds are even worth it and I'm yet to find a satisfactory answer for the same. I believe majority of the people here invest in mutual funds and a big chunk also prefer mutual funds as their primary investment option so I expect some good, strong answers. + +So here goes: I believe the main reason one invests in mutual funds is because in contrast to all the risk it entails, it gives you more returns than what a risk free government bond/bank FD/passive index fund would have got you. + +But the [math behind the historic returns of mutual funds irrespective of the cap,](https://www.moneycontrol.com/mutual-funds/performance-tracker/returns/large-cap-fund.html) in the past 10 years suggests, 9 out of 10 mutual funds fail to beat even an 10% annualised return in the last 5 or 10 years. Whereas during the same time, say in September 2010 had I invested in a bank FD, I would had got 9-10% interest and about 8% in the NIFTY 50 index. + +This is without accounting for the expense ratio/fee to manage the mutual fund. Subtract anywhere between 0.25 to 2.5% as expense ratio and mutual funds returns become even lesser. On the moneycontrol page that I've linked above, I see atmost 3-4 funds which are giving over 12% returns for a period of 5+ years without accounting for the expense ratio. Only a handful around the 9 to 11% range before accounting for the expense ratio and majority are even worse than that, not even breaking even with FDs and Nifty 50 index. + +So I do not understand why one should invest in a mutual fund and why this sub-reddit or most financial gurus recommend putting money in mutual fund. On what math are we recommending it? + +My question is not mutual funds vs stock market. I understand that in a mutual fund the risk is lower than picking individual stocks. There is a fund manager who picks the stocks and monitors them. The numbers are diversified. They have more tools, more time, yada yada yada. I understand all this. But then what? Where are the returns to justify putting my money in a mutual fund in the first place? Forget high risk, low risk, what is the point of mutual funds if they don't earn me more than an FD, a Government bond or an passive index fund? + +And I'm not talking short term here. No "I invested during covid and my mutual fund is giving me 26% return". No. I'm talking long term here. What is the long term math behind the blatant recommendation of mutual funds everywhere? Because if there isn't any strong math and historical numbers favoring mutual fund returns over the last 5+ or 10+ years, let's stop recommending them. It would be better if someone invested in 7% Government bonds or index funds or picked stocks (if the have an appetite for risk, knowledge and if you want long term gains tax benefit of equity). + + +Also besides the discussion on the above opinion, those of you who have been investing in mutual funds for over 5+ years atleast, can you please share what your average annualised return has been and which funds you have invested in if it's a high percentage? Similarly, those whose funds have done poorer than what they expected, can you share your numbers too? + +Thank you + +Edit: Correction:. The percentages mentioned above already account for expense ratio as suggested by 2-3 commentors below and the moderator. I was doing a double subtraction where in reality, all NAVs are published after expense deduction, on a daily basis. See more for the tagged comment by the moderator for the math and a link to the calculation of Net Asset Value + +Edit 2: This has been an excellent excellent thread. I so want to thank every single one of you who has commented. I have learned more from this thread and have had my perspectives challenged and shifted on a lot of things more than reading any article or course could had. Not only that, but every single comment has been civil and about the point I questioned. I have learned a lot from this thread. Thank you so much and hope this community always stays the same and just as wonderful to even a newbie like me. +The shitshow this morning is arguably the result of forum sliding, so let's counter that by collating some of the better stuff until the mods can clean up the front page. Here's what I found buried that is probably of interest. + +1. u/broccaaa has posted a follow-up to his earlier post about trying to detect hidden FTDs with machine learning. It outlines the method behind his data labeling and the AI architecture. [https://www.reddit.com/r/Superstonk/comments/mwrycd/how\_to\_train\_a\_binary\_classifier\_ai\_to\_detect/](https://www.reddit.com/r/Superstonk/comments/mwrycd/how_to_train_a_binary_classifier_ai_to_detect/) +2. The proxy filing is encouraging voting to happen quickly - this wasn't in previous filings by Gamestop. [https://www.reddit.com/r/Superstonk/comments/mwmgne/important\_im\_sure\_everyone\_has\_seen\_that\_the/](https://www.reddit.com/r/Superstonk/comments/mwmgne/important_im_sure_everyone_has_seen_that_the/) **EDIT:** u/ColCrabs **claims that it was in the 2020 filing, page 9** [https://www.reddit.com/r/Superstonk/comments/mwuszf/actually\_useful\_info\_you\_might\_have\_missed\_230421/gvkuwn4/?context=3](https://www.reddit.com/r/Superstonk/comments/mwuszf/actually_useful_info_you_might_have_missed_230421/gvkuwn4/?context=3) +3. People were speculating about some random shitcoin being pumped to fake the amount of collateral a fund had on hand - some has pointed out that the price is only seen on one very low volume exchange, and this is just a general crypto scam, not anything to do with us. It's unlikely a bank would view it as valid collateral. [https://www.reddit.com/r/Superstonk/comments/mwhqwu/the\_truth\_about\_capital\_x\_coin/](https://www.reddit.com/r/Superstonk/comments/mwhqwu/the_truth_about_capital_x_coin/) +4. The free float is lower than previously thought (now around 25m), going by the numbers in the proxy filing. It appears that institutional ownership has grown. I can't speak for the accuracy of the 25m shares held by retail, as I haven't checked how that was calculated. [https://www.reddit.com/r/Superstonk/comments/mwgyfw/free\_float\_is\_267\_million\_didnt\_count\_cohen\_twice/](https://www.reddit.com/r/Superstonk/comments/mwgyfw/free_float_is_267_million_didnt_count_cohen_twice/) +5. A user claims that BlackRock and other institutions who were lending out their shares on the 15th of April do not have the right to vote at the shareholder meeting. I think it would be worth checking, if at all possible, what the lending numbers actually looked like on the 15th. Were they unusually low? In that case, could BlackRock still have the right to vote? [https://www.reddit.com/r/Superstonk/comments/mwj1ko/clarification\_on\_gamestop\_record\_date\_shares/](https://www.reddit.com/r/Superstonk/comments/mwj1ko/clarification_on_gamestop_record_date_shares/). **EDIT:** u/Spiaa **claims the filing explicitly states that BlackRock can vote on their shares:** [https://www.reddit.com/r/Superstonk/comments/mwuszf/actually\_useful\_info\_you\_might\_have\_missed\_230421/gvkgusd/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mwuszf/actually_useful_info_you_might_have_missed_230421/gvkgusd/?utm_source=reddit&utm_medium=web2x&context=3) +6. I've seen reports that $2m has been spent on $300 puts with an expiration date of today. Could do with someone verifying, but I have no reason to not believe my source (someone in the Unusual Whales discord) - basically, two people have made a very large bet on the stock doing *something* today. u/welcometosilentchill claims this is a bearish sign, whereas u/Blussi claims it's a bullish one. [https://www.reddit.com/r/Superstonk/comments/mwuszf/actually\_useful\_info\_you\_might\_have\_missed\_230421/gvkgxyx/?context=3](https://www.reddit.com/r/Superstonk/comments/mwuszf/actually_useful_info_you_might_have_missed_230421/gvkgxyx/?context=3) [https://www.reddit.com/r/Superstonk/comments/mwuszf/actually\_useful\_info\_you\_might\_have\_missed\_230421/gvkmkql/?utm\_source=reddit&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mwuszf/actually_useful_info_you_might_have_missed_230421/gvkmkql/?utm_source=reddit&utm_medium=web2x&context=3) + +**There are probably countless more good posts that I missed. If you saw any in the last day or two that are worth looking at, please comment them and give a quick outline for people.** + +Let's do our best to actively fight forum sliding and topic dilution by remaining on-topic. Mods, please do your best to keep the sub clean. + +P.S: This isn't something I plan on doing every/most days - for the people who do do the morning news round up things, I think I speak for a lot of us when I say a more straightforward layout of the research and the findings like this would be preferable to a couple of confused sentences and then a giant 1000x1000px cringe meme + +P.P.S: Please upvote the people linking research in the comments moreso than people saying thank you :D I appreciate it, but the point of this was to collect the substantial stuff + +P.P.P.S: The reaction to this post is honestly pretty strange - I had a huge number of awards come in on relatively few comments and upvotes. Now the post is doing really well, but I go and check the first thing I linked and it only has 196 upvotes. What gives? I'm wondering if I've accidentally included misinfo on here that someone wants people to see. Be critical about everything I've written. +###COCO Swap project built through community support on BSC smart chain! +&nbsp; +&nbsp; + +Coco Swap project started in March and it is listed on Pancakeswap in early April. The growth seems to be quite good for a new project that is supported mainly by the community. We have not seen any shilling or shady advertisements. + +&nbsp; +&nbsp; + +A new thing that they are going to offer is a reward for share holders that support the liquidity share pool, which seems to be a good incentive to support new investors. Token burn stages are going to be announced and their price action seems to have growth of more than 1k percent from the launch price. + +&nbsp; +&nbsp; + +Above I'll list some links where you can check the project: + +&nbsp; + +➡️Coco Swap website: https://coco-swap.finance/ +&nbsp; +&nbsp; + +➡️Telegram: https://t.me/cocoswapofficial +&nbsp; +&nbsp; + +➡️Pancakeswap link: https://exchange.pancakeswap.finance/#/swap?0xbb4cdb9cbd36b01bd1cbaebf2de08d9173bc095c&outputCurrency=0x9aa6fc71aed1130dee06a91a487bf5ea481de80d + +&nbsp; +➡️CoinMarketCap listing: https://coinmarketcap.com/currencies/coco-swap/ + +&nbsp; + + + +####As usual, for these CMS gems, always do your own research before making any decision! +From my favourite place, that i've been going to for over 20 years, I remember when they had to raise their prices to $12 for a large (300mm) it was a pretty big deal going up from $10, but they're always been good quality and have never charged for extra's, then at the start of Covid it went up to $15. + +Now for the first time in 40 years they're charging $2 per extra on a large and the owner has said the'd have to go to $17-18 for a pizza otherwise, when they went to $15 that was more than covering those that had extra's, now its just covering a base Pizza for them, it's a massive change for this shop. + +I wish wages were going up by as much as cost of Pizza. +I like Dr Wolff but feel he blames capitalism for that which it inherently can’t be responsible for. + +Take his example in this vid for instance + +Per his analogy, the employee (us), would have agreed to not partake in said ventures profitability, in exchange for the security of a stable income. The entrepreneur (Harold) doesn’t have that security, so if the business fails, he would sustain losses. We on the other hand could walk away scot free. + +Capitalism would also allow us to partake in profits if that’s what we want. We’d simply start a restaurant of our own or develop an equity agreement with Harold. + +Why do all of capitalism’s critics accuse it for things it isn’t responsible for? + +https://youtu.be/2mI_RMQEulw +Now that the trading week is over, what are you planning for the week to come? Did you make any gains this week or are you a big loser who blew up their TFSA on wealthsimple trade? + +This is unregulated discussion. Remember this is a community to learn. **Downvotes are discouraged** + +Add 🚀🚀🚀 if you serious +I'll spare you the gory details, but my sister-in-law is dying. She has pre teen children. + +She is far and away the bread winner, and her pending death is going to have dramatic financial impact for the kids and her husband. + +While her husband is a nice enough guy, and isn't a drug or alcohol abuser, he's the quintessential non-earner. He's approaching retirement age, has no education, no savings, no retirement plan, etc. He's in a $15 an hour retail job, and he's maxed out his potential earnings. I doubt he'll be able to afford to keep his car on the road, much less keep their house. + +While I realize there will be some survivorship benefits going to the kids, it's not going to be nearly enough to make up the difference, and my wife and I want to do something to help. One of the things I thought of was the possibility of investing in 529 programs for them for college. + +I don't want to have to ask them for SSN etc. for these children, but I also want the advantages of a 529 program. My thought is that we can "give" this to them when they are in high school, and it will alleviate some of the burden they will face in the future.. + +So is there a way to do this (obviously, legally)? + +Edit: Wow-- this really blew up more than I expected. I need to dip out for a bit, but I've got a lot of reading to do. Thank you all! I will reply more this evening. +\*\*UPDATE (not financial advice)\*\*: In case it was not clear, GME having a -21.6 beta does NOT mean that Spy down = GME up immediately. GME is not the Australian reflection of Spy. GME's high negative beta means that it correlates negatively to movements in Spy. It doesn't mean that this trend is observed for every hour or day of trading. + +"Bbbbut GME is down big at open".. + +1) might I remind you that this stock is highly manipulated? The shorts have untold billions of $ on the line and are not going down without a fight.. but what is a hedge fund to an army of strong sexy 💎🦍 ?!?! If you have conviction in the MOASS thesis, then you know what to do :) + +2) Don't forget that a lot of GME shares are contained in ETFs held by Vanguard, BlackRock, etc. If the market is going to shit, a decline in GME's price does NOT mean the 🦍's thesis is invalidated + +3) These +/- 5% moves are tiny compared to what's to come when GME MOASS.. 🦍 are mentally strong, even more so through this community. + +"Bbbbbut GME's -21.6 beta is largely due to its movements in January & March".. + +Yeah, so? The same factors that contributed to the January run up are in play now, and actually stronger than ever (likely more FTDs, more HODLers, Spy is in a more precarious position, etc). the whole thesis here is GME squeezing properly, right? It didn't actually squeeze in Jan/March. So the highly negative beta, which was due to GME surging \*but not squeezing\* remains an accurate proxy for its future moves relative to Spy, given the structural conditions regarding GME remain the same (heightened, if anything). + +\~\~\~\~\~\~\~ + +tldr: learn to read, then read the post. If that doesn't work: HOLD THE LINE 🦍. Big things are coming.. + +[https://ibb.co/B6WKF5f](https://ibb.co/B6WKF5f) + +Sheesh what a rollercoaster... pretty terrible outcome today right? WRONG. + +TODAY was a BEAUTIFUL day for GameStop loving, Ryan Cohen praising, 💎🙌 Apes around the world and beyond. + +You might be thinking, how can you say such a thing?? Are you in Australia and reading GameStop's chart upside down you idiot?? After reaching a high of $189.00 it fell almost $9..... Well, my 🦍 brothers and 🦍 sisters, allow me to explain. + +/es (and SPY) has been in a consolidation zone from \~4130 – \~4170 since last Friday. Despite common lore that stonks only go up, consolidation zones are actually very important patterns in the market and one of the best times to enter a position. While a stock/ETF bounces between a support and resistance level, it allows energy to build prior to an explosive move. + +Don't believe me? Take a look at what /es guru Adam Mancini has to say on the topic... [https://twitter.com/adammancini4/status/1341178772066889728](https://twitter.com/adammancini4/status/1341178772066889728)"Those who follow me know I mention "consolidation" or "basing" on a daily, and many find this boring or overlook it. For me its the opposite - consolidation precedes the most explosive moves, is the #1 signal I look for on all time frames, and comprises the best classic patterns" + +Now, this afternoon /es seriously tore through its support levels at \~4130 (per Adam; \~4126 if you ask investing guru Cem Karsan): [https://twitter.com/jam\_croissant/status/1394650117395947527](https://twitter.com/jam_croissant/status/1394650117395947527)). + +This means SPY is very likely to enter bearish territory moving forward. You may ask, what does any of this have to do with my beloved GME shares you turd? There are 2 points here. + +1. GameStop has a severely negative beta. For the unaware, beta is a measure of how an individual asset moves (on average) when the overall stock market increases or decreases. GameStop having a negative beta means that historically, the stock goes up when the market (SPY) goes down. + +Take a look at this... [https://ibb.co/zQWp7v9](https://ibb.co/zQWp7v9) + +GME has a capital-structure adjusted beta of -21.6, which is INSANE. This means that GME is RADICALLY inversely correlated to movements in SPY (companies typically have betas of -1 to 1...). + +Take a look at GME's year-to-date chart to confirm.. when GME surged in late January and mid March, SPY was declining. There are likely numerous reasons for this, including: market contractions causing lower liquidity for funds (due to losses, redemptions) which puts upward pressure on GME due to the large short exposures held by institutions (the margin call thesis); and retail entering GameStop as one of the few strongly performing investments during market declines (causing a positive feedback loop). + +2. If you've stuck with me thus far, I think I might blow your chimp mind with this one..At any given time, there is an /es level for which GEX (gamma exposure) would be neutral. As of EOD today, that level was 4152.5...[https://twitter.com/TradeVolatility/status/1394747641192275968](https://twitter.com/TradeVolatility/status/1394747641192275968) + +When gamma is positive, MM hedging strategies amplify upward market movements. When gamma is negative... you guessed it, MM hedging strategies amplify downward market movements. This strongly contributed to the mouthwatering red days / circuit breakers we experienced in Spring 2020. + +NOW, this is critical... Wednesday morning (tomorrow!) marks the monthly expiration for Vix futures contracts (similar to how OpEx, or Options Expiration, occurs the third Friday of each month). + +My tits are getting hard writing this: there have been only 4 instances in the past 10 years where VixEx corresponded to negative GEX. The subsequent 4-day performance for SPY was... + +3/17/20 (-12%) + +12/18/18 (-8%) + +5/15/12 (-1%) + +8/16/11 (-6%) + +proof: [https://twitter.com/CycleWacher/status/1393183734829043713](https://twitter.com/CycleWacher/status/1393183734829043713) + +Are you putting it together yet? There is a VERY strong chance that SPY gets destroyed in the week to follow. Based on the above (average of (-7%) move), the outlook is SPY to hit $383 within a week. I am not predicting this exact level as I am a simpleton. Instead I am simply inferring from the best available historic data and the best minds on FinTwit there's blood on the horizon.. + +If this does occur, it will lead to widespread panic and margin calls. Not so easy for Shitadel, Shillvin Capital, and the rest of their cronies to maintain astronomical short positions on GameStop when: + +1. They've been investing on margin; +2. The market is down 7% or more in a week and GME has -21.6 beta; +3. Short sellers have lost $930 million on GME and AMC over the past 5 days (I suspect this is based on the "21.8% short interest", which we know is dishonestly calculated.. so real losses likely much higher).[https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html](https://finance.yahoo.com/news/gamestop-amc-short-sellers-sit-110554197.html) +4. There are likely hundreds of millions of phantom GME shares that need to be covered; +5. Ryan Cohen / GameStop have acknowledged via Twitter that they are aware of #4, after receiving preliminary share vote data. I mean the guy literally tweeted MOASS last week from GameStop's twitter... +6. GME is at the tip of a beautiful months-long triangle pattern; +7. The 🦍 own the GME float (proof in prior SuperStonk posts) and are holding onto their GME shares like they have rigor mortis +8. The divide between Wall Street and Main Street has never been wider, evidenced by vast wealth & income inequality, the trending video of the mother unable to afford Insulin for her child, etc. +9. There is ever-growing attention on GME & SuperStonk, and MSM purposefully not covering this mind-bending market manipulation on GameStop is increasingly manifesting in the Streisand Effect +10. Likely 10+ other tailwinds I have not addressed. My room temperature IQ can't think about more than 1 thing at a time + +My fellow 🦍 .. strap in, because the GME 🚀 launch is coming ever closer.. and any profits to be gained from spy puts or ARKK puts or AMC calls will need to be examined under a microscope compared to what's in store for the GME HODLers. + +Not Financial Advice. Besides being irresponsibly long GME, my only expense is ordering crayons on Uber Eats. My urine has been rainbow for some time and I likely have pigmentation clogging my neurons and you shouldn't listen to my words. +I just wanted to share my experience during the past 5 years since I started reading and exploring about Forex. just a little about me. I come from Engineering background and I started my career as a developer, right now I work as a project manager. + +now let's start with what I have learnt so far and I am here sharing my own experience maybe I am right or maybe I am wrong, you are welcome to comment. + +1. Indicators don't work, I have tested hundreds of indicators using soft4fx and definitely in my opinion a strategy based only on indicator won't work. +2. Limit or Stop orders are better than market orders as they reduce the instant excitement or fear placing a market order. +3. Price actions are really judgmental as well as patterns, I can see a horse while you see a rocket from the same pattern. +4. This one is important back testing is not reliable on Mt4, I have created many robots and testing them live vs back testing always gave different results for the same period. +5. Time of the day is really important to place trades. +6. Sticking to a currency pair for long period is better than jumping from one pair to another. + +You may wonder why I am giving up, I have invested so much time but without real progress. I haven't lost a big amount of money because I was strict on how much to risk with, but I haven't seen any benefit from moving on to spend more time in the market. I don't say you can't make money in Forex but for someone who is results oriented I can admit maybe my personality doesn't fit with how the trading job works. + +I am always open to conversation or chat as long as it is a respectful one. + +Have a great 2021 and good luck to find what I haven't found. +Preface: + +The game that is being played is not simply *just* a House of Cards. I’d argue that it's ***far larger*** *(no heat towards attobit, luv ur material, wouldn’t be here without it, truly <3).* The massive entities we call the Big Banks, the Market Makers, the Short dicked Hedge-funds, The Fed, etc, do not simply fall down over the course of a day. No...I’d argue that when they fail..they come crashing down from their **Castle of Glass.** One that has been forming cracks throughout its structure ***since the day it was conceived.*** A deteriorating castle which can **no longer be unseen, nor..undone. Only, replaced.** + +Before we get to the **solution** though, you must first understand the **core aspect of the problem. To highlight this problem, I’ll be referring to a post that is an** ***absolutely essential read*** **so the second half of this post makes sense.** (You’ll find it below in a minute) + +I’ll break everything down in the simplest way I can so you have an idea of what you’re walking into. Just know we’re going to be discussing ***everything*** **from the OP, his** ***name***, ETFs, RRPs, NFTs, and the glorious three words, which may very well tie them all together. ***Game on, Anon.*** + +So without further ado, + +\--------------------------------------------------------------------------------------------- + +# Part I: The Crux + +This post is a follow-up to my previous. I had attempted to shine some light onto a DD that was flying far too under the radar for the God-Tier level of information contained within it. It was posted roughly a month ago. It was unlike any I had read before it and till this day, continues to be unlike any I have read since. I’m talking thermonuclear level of information here. + +This is the case for a few reasons. I’ll outline them below so you have a brief understanding to start. (I’ll also be quoting/referencing myself from my other post a few times to save time, so if you see similarities, just know I’m a lazy fuk). + +1. **The author:** The OP behind this DD went by the name, u/leavemeanon. Shortly after dropping this thermonuclear analysis on ***HOW*** the shares have been suppressed and ***WHERE*** they are most likely located. He vanished, but unlike the Avatar’s flake ass, his job was done. +2. **The Job:** ***exposing the primary methods of fuckery utilized by the short gang, the Big Banks, and even the Fed...down to the BONE.*** The depth of analysis here is ***still*** astounding, but that’s not even the kicker..its the fact he drops a God tier DD and makes a claim like this: + +https://preview.redd.it/b258dyt2y5b71.png?width=704&format=png&auto=webp&s=6ba0fddb29ca59535ad5bca765ddbbf4094b4643 + +u/leavemeanon's DD: [https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +The profundity of the statement in yellow is something that you will ***only understand if you read his post.*** The likely realization you’ll come to once you do is that there is absolutely **no way that someone making** ***this claim***, drops a DD with this kind of analysis, then just goes off and deletes his account. + +Self quote: “When asking myself, why tf would someone go this far into a DD analysis and delete their account shortly after? Along with going by the name u/leavemeanon, I found myself coming to the same conclusion each time: + +***This. is. what. this. guy. does. He might as well be an unofficial whistle-blower who wanted no traces back to him, bc the info contained in his DD is PRECISELY what is occurring right now.”*** + +I wrote this statement on my previous DD just over a month ago. I want you guys to pay special attention to that last sentence because if you read through that post, you’ll realize one more thing. + +**It’s not only** ***still*** **dead on, but becoming even MORE relevant in relation to the events it had described a whole-ass** ***month back.*** + +Now if you haven’t read the post for some dingle reason..I’ll provide you OP’s ELI5 to give a snippet of the **problem**, b/c if we do not understand the ***problem,*** **then the** ***solution*** **will not make sense.** + +https://preview.redd.it/31f2e78rw5b71.png?width=701&format=png&auto=webp&s=2d74be4b534839192341f10a0fb1e770ff647ddb + +So where does the problem truly lie? Based on OP’s post. It’s none other, than **the fuckin ETFs.** OP explains the inner workings of the ETFs in a way I’ve never seen anyone do before. He even links this video for us real special apes, to understand. + +[https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s](https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s) + +So assuming you now understand the problem, here’s an idea of the **severity**, as disclosed within part 3 of OP’s post. Spoiler alert, + +https://preview.redd.it/jcke95lsw5b71.png?width=707&format=png&auto=webp&s=9d961d2f3a843e270ecc6747f7703dcd87fc1ca2 + +We’re not done yet, remember..only once you understand the ***full extent of the problem, will the solution make sense.*** So to add even more juice to the flame, here’s a video by **Charlie Vid’s**, which he released on July 10th. It shows how all those **RRPs**...you know..those multi-fuckin billion dollar funds being moved around on a **daily basis...are likely piled** ***right into the fuckin E T F’s.*** + +[https://www.youtube.com/watch?v=NhS5FgfO6Jg](https://www.youtube.com/watch?v=NhS5FgfO6Jg) + +This video has only stood to further validate the point u/leavemeanon **made a whole ass month back.** The information he’s discussing is still pretty novel and needs more eyes, but the connection he makes in that video is hard to argue against. Even if you don’t fully grasp wtf that shit means, and let's be honest, most of us still don't b/c RRPs are the most absurdly convoluted thing on this planet. Nonetheless, the big picture is pretty evident. From this video, it seems almost entirely plausible that these transactions between the Fed and the other end of the parties involved (the Big Banks) are being done illegally at historic levels, to ***keep the entire market from collapsing.*** + +To provide a better idea of what *may* be going on here, I'm going to refer to someone who seems to have a far clearer grasp on these transactions than myself. I'm fine with speculating on most things but these RRPs though, I'm way too smooth-brained for that and the last thing I need is to be throwing a 69th definition of what they mean into the mix. + +https://preview.redd.it/hpucxdxtw5b71.png?width=1121&format=png&auto=webp&s=79fbcdd82cae68bad05dffec310c6f841199ee52 + +This may also explain why most of the rules released in relation to the derivatives market seem to have only slowed down recent events, but not much more. I'm saying this because the way some of those rules were written, they sounded like they would dice up the short's plan of approach completely. Though there does ***seem*** to be a clear impact on how GME has been trading since most of the rules were implemented, ***they haven't ended the game.*** To me, this likely means that the greatest source of fuckery held by Shortgang and Co. lies elsewhere. + +The Married-puts, the dark pools, or whatever else method of manipulation these limp-dick cum-dumpsters have up their sleeves may be *some* of the better-known gears behind their scheme, but I'm willing to be ***it's the ETFs, which are the true source of their Fuckery.*** **These transactions described in the video above, and further theorized upon by the comment attached, are occurring** ***through the entire ETF market.*** + +# Part II - The Connection + +Now that you understand the problem, we are *almost* cleared to move onto the solution. Before going further, I need to provide some context here. My previous post, as mentioned earlier, was intended for a single purpose: Shedding light on u/leavemeanon’s DD. Shortly after dropping it though, I received a comment and message from a few users who sent me down one hell of a rabbit hole. As in that post, I was making some tin-foil hat connections to the meaning behind u/leavemeanon's username. Though this part may not necessarily even be linked, it's important I mention it because had it not happened, I would not have discovered what I believe to be the ***solution***. + +Moving forward from here, we’re going to be **treading over some speculative waters** and more than likely, be testing that 4-hour erection window before you need to call your doctor. They might have to raise the bar on that one if the following of what I’ve found is ***even remotely correct.*** + +This part may sound absurd at first, but I only ask you to trust me until you reach part 3. For most of part 2, I'm explaining because I feel it important to clarify *how I came to my conclusions.* My thoughts in this section don't necessarily *have* to be true, and I wouldn't be surprised to find out if this ends up being the case in the future. + +That being said, ***their relevance in this DD is that of an intermediate***. They are what helped me discover what I believe to be **the** ***solution for the problem described above.*** + +My speculative journey would lead me down an immense rabbit hole roughly a month ago. It would begin with a fascination with Anon's DD but soon evolved to also include **the method of its deployment (OP deleting his account shortly after dropping it), the technical but extremely concise language utilized, and the structure of its writing,** as I began to ponder the ***meaning behind OP's name***. + +The now-deleted user, who went by the name of **'leavemeanon"** would ring a few bells for another ape, that would comment the following on my post: + +https://preview.redd.it/bk2rbtcvw5b71.png?width=660&format=png&auto=webp&s=cd3afb645f019a42f0d0ae6630c8501cdab70d45 + +It was at this point that I began to speculate whether there was a connection between Anon's name and the phrase above found on Gamestop's NFT website. Now I cannot state that there is a direct relation between the two, but I find it necessary to shed light on the connection I theorized (with the help of some amazing apes), regarding what ***I believed it to be.*** + +what if, the now-deleted OP's name was in reference to more than just 'leave me anonymous'? What if...OP's name was an attempt to send us a message about the material covered in his post in regard to the ETF market? + +Here is the likely-to-be unlikely link: the word Anon is defined as "soon, shortly". OP went by the name LeaveMeAnon. I.e leave me '***soon, shortly'.*** So naturally, I went full tin-foil mode and chased the idea further down the hole. I made the following assumption in doing so, what if OP was telling us, + +"the material I'm covering, the current ETF market as we know it, is to be ***left behind soon/shortly, and let me explain why"*** + +Whereas '**Game on, Anon',** a phrase located throughout Gamestop's NFT website, if used under the same pretense, could refer to ***"Game on, Soon/shortly".*** + +So the link that would bring me to the absurdly coincidental connection that may, or may not have been fueled by an unhealthy amount of confirmation bias at the time: + +Anon's post is created with knowledge equitable to damn near Burry himself, with the sole purpose of exposing where the ***true problem lies*** in the GME saga. He mentions married-puts, high-frequency trading, and ETFs in-depth to show this. Yet, it is the **latter most issue that gets the largest emphasis placed on it. Why do I believe that?** + +**Primarily because the more I looked into this situation, the more I began to see that the institutions involved on the short side of GME aren't the Castle of glass, they simply** ***live in it***. The Castle itself...is the entire ***ETF market.*** A structure which throughout and within it have become increasingly prevalent by the passing of each day. They are quite literally, ***a legal method of naked shorting***. + +Where Anon takes the time to reveal the problem, it's **Gamestop**, the company itself, that has quite literally been showing us the ***solution to this problem.*** All of which it has been doing through its ***actions, not its words.*** + +# Part III - The Solution + +If you made it this far, just know I'm proud :') + +Part II is certainly the most tin-foil section in this post, but as you proceed through part III, you'll soon realize why I found it necessary to provide all that information. This is certainly my favorite part. Stick through to the end and you'll see why we save the best, for last. + +Moving forward right where we left off - If you go onto that same NFT website, copy the link which is posted on their NFT page, paste it into google, and open the first tab from the etherscan website and click on the ‘contracts tab’, guess what you’ll find there... + +https://preview.redd.it/dw2amyuww5b71.png?width=700&format=png&auto=webp&s=71586f7708fd74a1dc32d2d77bee979d47d8a668 + +Still, think it’s a simple coincidence? It's alright, I mean "it’s not it actually means anything…***” right Anakin?”.....\*zooms in closer\*.....” right..?\**** + +Lol don’t actually try to zoom in, there isn’t shit there if you do that. **But… third time’s a charm, right? what if there's more to that phrase than just some random ass meaning?** + +To find out, I did some more digging around that term after finding the above which would lead me to find the following tweet: + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/3g9t4kxxw5b71.png?width=553&format=png&auto=webp&s=2e69a9e45aaab0e47149e9ef8d48a895e4a069df) + +That phrase...look familiar? Yeah...we’re about to enter solution territory...and for you “I only believe after a 4th, 5th, 6th coincidence” apes, don't worry. I’ll get there anon ;) + +The link above will take you directly to the page they’ve shown. Upon finding this tweet, I looked into what exactly these guys were talking about. After reading in-depth about what exactly this ‘Metaverse’ is, as well as viewing some of the other links they have posted on their website, you’ll find information about its relation to **NFTs,** ***Blackrock***, and something known as the **Index Cooperative**. + +Now, why exactly are these things all noteworthy? Well, if you don’t live under a rock and are a certified retarde like yours truly, you’ll remember **some hype going around with Gamestops NFT plans.** But before we get to that, let’s put this together in a cascading manner so you fully grasp what we’re looking at here. + +What is the ***Metaverse*** exactly? + +* Per Wikipedia: “***The Metaverse is a collective, virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet”*** +* It’s further described as a basket of 15 tokens that serve the purpose of capturing entertainment trends, sports, and business shifting to virtual reality. +* The next absolutely fascinating find in regard to the Metaverse index is one that requires you to zoom out and view the bigger picture. By doing so, you'll begin to understand ***what it's trying to change***. An article that goes extremely in-depth on it would provide this insight: + +[ https:\/\/www.masterthemeta.com\/business-breakdowns\/into-the-void](https://preview.redd.it/0evviqy7x5b71.png?width=706&format=png&auto=webp&s=c42c57f41dbd2a47f856799c5b1fbca70e79b9a2) + +This article above (absolutely excellent read btw) is what links our **topic of focus. N F Ts.** Notice the **black-highlighted sections, primarily** ***the bottom one.*** + +This information takes us back to Accelerated Capitals website. Here we find a bit more relative information to ***virtual ownership via NFTs, gaming,*** ***virtual reality, and entertainment"***, as well as the **inclusion criteria it has before an NFT can be issued under it.** + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/zqyi588bx5b71.png?width=519&format=png&auto=webp&s=5e30ec3cb2e5d9cfe689bf66d55b119a1c0741e6) + +I highlighted the 3 month period because if I remember correctly...there’s a company out there that has something to do with gaming, which was supposed to go bankrupt..but didn’t..and similarly ***issued an NFT token a few months back...what the date on that?*** **4/07, now I'm not the best at math but roughly 3 months since then would be...😎 (s/o** [u/LordoftheEyez](https://www.reddit.com/u/LordoftheEyez/) for the help on clarifying the timeframe!) + +But let's get a bit more specific, **wtf** ***is the Metaverse Index really?*** + +https://preview.redd.it/zzodtd4ex5b71.png?width=560&format=png&auto=webp&s=7751bd534f1a59ef5852a709c93fe7e153864077 + +Oh boy, well now we’re getting somewhere. After looking into what exactly the Metaverse index was, I found myself directed towards something called the ***Index Cooperative (Coop Index).*** Think of this thing as the **very top of the cascade, it contains** ***other blockchain-based indices within it, such as the Metaverse Index.*** Upon visiting The Index Coop website, you get a pretty baseline idea of what it is to better explain: + +https://preview.redd.it/k3lb9ebfx5b71.png?width=670&format=png&auto=webp&s=72448ae5aad8c7dfa1ec6d27ee55884c8db2231e + +Just a refresher on the cascade of terms here as I explained them a bit out of order, from the highest --> lowest level of priority. (also priority here isn't me saying least is worst lol, it's simply in relation to where they actually fall relative to one another) + +**Index Cooperative > Metaverse, etc > NFTs** + +Because this cascade functions ***entirely separate from the modern-day stock market which includes modern-day ETFs as we know them, they play by COMPLETELY different rules.*** + +* **It’d be an absolute shame if a company that was** ***shorted to high-hell...decided to jump ship and hop into this thermonuclear fueled fuckin rocket,*** and light up all the dipshits who decided to bet against it.. +* ***A shame for those dipshits, that is.*** Fkn dingles lmayo..alright back to semi-serious mode... + +Going forward, I did some deep dives through other Reddit pages to learn more about this thing, and to my surprise, I got a damn good explanation of ***what EXACTLY is the Index Coop attempting to become. It is as follows,*** + +https://preview.redd.it/18rghmqgx5b71.png?width=351&format=png&auto=webp&s=d86df95bc179c813eab794690b4e909f681427a2 + +"**OVERVIEW OF INDEX"** + +"[Index Cooperative](https://www.indexcoop.com/) is a DeFi project that’s going after the multi-trillion-dollar \[ETF\]([https://en.wikipedia.org/wiki/Exchange-traded\_fund#:\~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)](https://en.wikipedia.org/wiki/Exchange-traded_fund#:~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)) (exchange-traded fund) market. At its simplest, an ETF is like a basket of assets (be it stocks, bonds, commodities, or crypto) that can be traded in a group. Companies like [Blackrock (under its subsidiary iShare) and Vanguard each have over a trillion dollars](https://www.etftrends.com/10-biggest-etf-issuers-of-2019-by-market-capitalization/) under management in the form of ETFs. ETFs have been so popular, that people like [Michael Burry ](https://en.wikipedia.org/wiki/Michael_Burry)(of [*The Big Short* ](https://en.wikipedia.org/wiki/The_Big_Short_(film))) have called it a “[passive investment bubble](https://www.etfstrategy.com/passive-investing-a-bubble-says-big-short-investor-michael-burry-10449/)”." + +Two things should stick out to you off the bat: + +1. “Own the ***Blackrock*** of DeFi” while stating ***Ethereum ETFs as being a business with a multi-trillion dollar upside.*** +2. *"Index Cooperative* ***is a DeFi project that's going AFTER the Muti-trillion ETF market”*** + +Putting these two together took a minute, I found myself asking, how tf Blackrock was thrown into the loop? so I started scavenging through a few more articles through Accelerated Capitals page and found this: + +https://preview.redd.it/hm2475wjx5b71.png?width=523&format=png&auto=webp&s=1a6774dc5f83719f90e5106767f6a53a222267a3 + +https://preview.redd.it/qx2k5askx5b71.png?width=568&format=png&auto=webp&s=1725e3f6de6d82378226d7df2c632af86c79c461 + +https://preview.redd.it/y8sq7mhlx5b71.png?width=596&format=png&auto=webp&s=e702330d584be66568d423ac51d2b7ba187816a3 + +**TA:DR/conclusion:** + +Let's bring all this together now, because if you've made it this far, then you're likely still taking all this in. I know, it's a lot to take in and I also understand that some of my conclusions are speculative. In the end, **this is truly all we can do until the elephant in the room gets so big, that it is no longer possible to ignore or deny it.** For this reason, I ask each and every one of my fellow apes to dig into every piece of information I've provided above and **reason these things out for themselves. Follow the evidence, question the data, question the logic, and deduce the flaws. Only then can you truly justify to yourself that the investment you've made in this stock, was done so out of confidence, and genuine Due-Diligence.** + +We began by introducing the problem, because, like any other problem you wish to solve, you must first **understand the problem.** The more complex and/or convoluted that problem is, oftentimes the longer it can take to ascertain the necessary information in ***properly*** learning about it. This is something we covered in part I, in which section I introduced you to the **elephant in the room, the ETF market, or as I like to call it, The** ***Glass Castle.*** + +In part II, I provided insight into what I like to think of as the ***intermediate,*** between the **problem and the** ***solution.*** Though I do not have high expectations for those connections to be outright true, they did not need to be. Their purpose was served the moment they led me to find everything I wrote about in part III. + +Within this final part, I described to you ***the solution***. IF I'm right in my thought process here, THEN the actions being taken by RC and Gamestop are quite literally, ***pointing in a single direction***. + +**Changing the game and giving the** ***power back to the players*** **isn't just about changing the company, no...It's about shifting the ENTIRE damn landscape of how the modern-day economy functions.** This change, the NFT initiative currently being taken by GME is with damn near certainty moving towards one goal..before we describe that goal, let me provide one last refresher, but this time with analogy's so there is not a single ape left behind. + +1. At the very top, you have the largest basket: the **Index Cooperative** (**think of this as the new blockchain stock market)** +2. Within this large basket, you have multiple medium-sized baskets: The **Metaverse Index, Defi-Pulse index, etc.** **(Think of this like the SP.Y)** +3. And within individual *medium-sized* baskets, you’ve got **NFT’s** **(think a jet-fueled gaming company ran by a fuckin 69D chess master)** + +Imagine an economy where there is no longer a middle man, by which I mean the modern-day banking system as we know it. Ask yourself, if you had the ability to choose a completely different system, where the ***power of decision-making and investing potential lies in your hands, and not in that of some middle-man who would rather use it for his own personal benefit at the cost of YOUR losses, would you use it?*** + +Quite ***likely***, I'd say. Unless you enjoy getting hoed by greedy scumbags, but you probably wouldn't have made it this far in this post had that been the case. This leaves us to the ultimate question, *what exactly is RC doing?* + +Based on everything I've shown you, **He's planning on cutting out the middle-man.** These modern-day Big Banks and pretty much every other financial institution from the SEC to the Fed have been laying in bed together for decades. In doing so, they thrived within their castle while the rest of humanity continued to struggle, often unable to make even our most *basic* ends meet. + +Yet in the end, it was *this* greed that blinded them. *This* greed allowed their own naivety to consume them. Most importantly, it was their unending hunger for power and wealth that created a facade so great, that they could no longer see that karma isn't a bitch. Karma is a f**uckin mirror.** This is the true cost of their "opportunity". + +And those cracks? Each day that passes, they spread further and deeper. Its flaws can no longer be **unseen, nor can they be** ***undone.*** + +**Only, replaced.** + +I'd argue the game isn't *about* to change...but rather, + +I'd argue, **it already** **has.** + +P.S Larry Cheng, GME board member, and Matt Finestone, Blockchain guy. + +https://preview.redd.it/he11uoanx5b71.png?width=719&format=png&auto=webp&s=71ae4b3ff60cee1aeac8db24f58c98eacd22084d + +https://preview.redd.it/v7hws3tnx5b71.png?width=720&format=png&auto=webp&s=d0e83ff0f441722f5011e477419d82d2c13ddb4e + +None of this is financial advice, I repeat, I still do not know how to walk on all two's. Thank you for your time. + +EDIT: There's a pretty fancy pants wrinkly-brained ape down in the comments who did a solid job of providing a description of the kind of changes I had envisioned while writing this DD. I didn't get around to including most of the things he's stating, but they are certainly on the same track of thought process. So, it's only right I add his comment for all apes to see. I've described the process, this is what the results, I believe, will look like, + +https://preview.redd.it/ptyywbopx5b71.png?width=739&format=png&auto=webp&s=d9b3fe851f9f02a4b6e0fc803430a2ee68f697de + +**EDIT 2:** This post was partly inspired by this ape, I had shared my previous DD onto the post containing the video which tied the RRPs to the ETFs. Upon further conversing with this ape last night, he provided me with, what seems to be a hint and I believe, this is what he's getting at. I'm at my 20 image count but this was his statement: + +"I'll drop this Easter egg on you." + +"Simplicity. Complexity is meant to hide complexity in the markets. Also meant to distance simplicity in relationships. The most complex situations are usually handed over a simple old fashion between friends...or foes. Game on Anon" + +**My response, after pondering these words:** + +"simplicity...simplicity in a complex situation, is leaving the complex situation entirely. Their system and all of its cracks, cannot be unseen, nor undone. To replace a system that is so evidently flawed with its complexities requires a simple solution\*, leaving it behind entirely, and creating something new.\* + +"This is my take on your wise words. Game on Anon" + +**TIT SLAPPIN EDIT 3:** Holy fucking. **shit. Apes, I need all eyes on this.** + +**Please correct me if I'm wrong as this is out of my field.....but tell me this doesn't fuckin read the way** ***I think it reads...*** + +**GME PROSPECTUS SUPPLEMENT FILING TO THE SEC, JUNE 9TH, 2021 - top of page 16** + +https://preview.redd.it/opdli35tx5b71.png?width=1860&format=png&auto=webp&s=d2e6624d4f5c3c3d7249c04e8cb62ffcefe81dca + +**Edit 4:** Alright apes, I'm just getting around to updating this for inclusion of insight from an ape who is far more versed into this type of language than yours truly. The portion you see below was a conversation I had with this very kind mod from another sub, as I had to post this in other locations due to the initial difficulty of getting it onto the 'Stonk. This portion has actually been included in the other posts but since I submitted **this** version **before having the conversation below, and it was pushed forward by the mods on superstonk at a later time, it didn't incorporate this conversation at that time.** Hence, why I've provided this edit now. It's been a long 24 hours fighting the good fight in an attempt to get people on this sub to see this material, and though a success, I had to rest up so my body could hodl. That's the context, **now the insight.** + +The breakdown provided by Theta here *seems to be* ***far more conclusive in regard to what all that suit talk is truly stating***\*\*. Read it a few times over if you have to, but if logic is our basis, then this does make sense until unless we find out otherwise.\*\* Additionally, this ape was able to look around and find some backing for his statement as well! So truly bravo to you sir, know that your assistance in this is greatly appreciated u/Theta-Voidance. + +https://preview.redd.it/8yhyuh2u98b71.png?width=679&format=png&auto=webp&s=9e0343d2e0dc5f9e18b9e9c9401631a6023884f0 + +Naturally, where one perspective is correct in deducing the suit-speak, another deduction remains ape-speak. So I crossed off my initial assessment now that we've been provided some cleaner insight, but you'll still find it below for your apely pleasures. + +**~~I've read this literally 20 times over...I've even read the last two damn pages 20 times over to make sure what it's leading up to is actually~~** ***~~what I think it is...~~*** + +~~I've highlighted it in three different colors to make the transition of statements easier to read, or harder lol idk:~~ + +1. **~~Yellow -~~** ***~~if the DTC fails to do its job, and they are not~~*** ***~~effectively replaced within a 90-day allotted period by a succeeding depository...~~*** +2. **~~Green -~~** ***~~we will issue~~*** ***~~a different type of security different than the type already in the market, but still somewhat similar to it..~~*** +3. **~~Blue -~~** ***~~But also, one more thing you fucboys...at any given point in time, and based on our absolute SOLE discretion..~~*** +4. ***~~RED - We may decide to just say fuck it, and issue our OWN security which is COMPLETELY~~*** ***~~SEPARATE~~*** **~~from the type already IN the market, AND the same condition apply under the circumstance we swapped them earlier for the semi-similar securities~~** ~~(referenced in the green highlight),~~ ***~~in case you try and pull a fast one with those too...~~*** + +S/o to [u/Apprehensive-Use-703](https://www.reddit.com/u/Apprehensive-Use-703/) **bringing this to my attention...smart ass fkn apes out there man..** + +Guys....I need some serious wrinkles on this....**this is not the shit that I do lol, so someone confirm to me that I'm not geekin and that's** ***not how that fuckin reads.....because it sounds like Gamestop has literally planned for the TRANSITION step to the shit I've covered in this post.*** + +\------------------------------------------------------------------------------------- + +**Edit 5: Upon discovery of a tweet dating back to April by a sharp-sighted ape in the comments, we may have some further connection to the** ***Metaverse and Gamestop's NFT website motto:*** + +"Here's the link provided by u/WholesomeLowlife + +[https://mobile.twitter.com/indexcoop/status/1379872194172317696](https://mobile.twitter.com/indexcoop/status/1379872194172317696) + +Where have I seen ***players, creators, collectors before?*** [https://nft.gamestop.com/](https://nft.gamestop.com/)" + +\------------------------------------------------------------------------------------- + +And another addition from an Ape that brought some more fascinating insight to me earlier as well, This is in respect to the **initial NFT token issued by Gamestop a few months back, here's his findings:** + +"Killer DD! So **we know the ERC-721 is the 1 GME coin.** The **Metaverse uses ERC-20** tokens from my understanding. If you **look in the wallet that has the 1 ERC-721, it also has 420.69 of the ERC-20.** [https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments) + +I remember initially talking was a perceived scam but idk if that’s the case. I think you’re on to something. There is also a wallet that has process over 10k transactions of the ERC-20 coin but idk if that means anything. Hope you see this. If not, I’ll try a message" - u/kevykev89 + +\------------------------------------------------------------------------------------- + +**These findings are certainly fascinating, to say the least..so I ask you**, **how much do** ***you*** **believe in coincidences? I encourage each and every one of you to ponder upon these relations and come to your own conclusions which make the most sense to** ***you***\*\*. I know what I believe, and I stand by my thoughts on those things. All I can hope for is that you find the same hope that I may have. Sometimes, speculations and hypotheticals are just that, but sometimes,\*\* ***there's more to them, than may at first, meet the eyes.*** + +***Game On, Anon.*** **💎** + +***Power to the Players 🚀*** +Can't we fill the gap by investing more in replacment for not investing early. + +And what's up with this investing trend. Everyone in my college is talking about investing and have already invested a lot. +One person even came forward and said if u are not investing then you can't be rich. Da fuk bro + +Thanks in advance for answering :) +Here, and in EVERY other investing subreddit since the recent craze. Really taking my enjoyment out of these communities when every second post is an attempted 'memeplay'. + +Give me cash flow, profits, future projects, EPS or EBITDA. Anything but these short attack approaches please. + +With new investors comes new opportunities and discussions and I love that, but it feels too many subs are falling victim to the ridiculousness of the last few weeks, I don't want that to be us. +This thread will be automatically stickied weekdays at 8:30am, and unstickied at 9:00am. + +Megathreads are now posted automatically based on a few factors, including: + +* Mentions by comment count, weighted by comment novelty and score +* Accounts of users mentioning, weighted by age, posting history, and previous mod actions +* Stock volatility, volume, and market cap + +This isn't an exhaustive list, but to prevent this from being gamed, we cannot share the exact weightings or specifics. + +These megathreads exist to consolidate conversation about interesting topics and make things easily accessible and enjoyable for all. + +**Please do your part in making these threads decent. Don't troll. Don't spam. Don't spread divisiveness (calling others shills / bots).** +So I did some quantitative sentiment analysis to see if News websites/Reddit/Twitter panics before the stock market does, or if the stock market panics before Reddit/Twitter does. + +I have written an algo determining (stock specific) sentiment, I ran this on a dataset with (financial) news headlines (about 900k headlines), Twitter headlines en (stock related) Reddit headlines. From that I compared sentiment to the SP500 and I compared the intensity and volume of negative headlines to the VIX. This resulted in the two plots shown. + +Since the plot is somewhat full, I made it interactive so one can show for example only Reddit sentiment and zoom in and out of datapoints. This is in html, but Im not sure whether its allowed to share the link here so in case one is interested to play around with it shoot me a pm. + +[https://imgur.com/yUI2c0N](https://imgur.com/yUI2c0N) + +On request, interactive html is on: [http://www.alternative-analytics.eu/dashboard/sentiment.html](http://www.alternative-analytics.eu/dashboard/sentiment.html) (just a plain clean html, no ads, links etc, base url also is not a general website), I update the graph daily. +So I did some quantitative sentiment analysis to see if News websites/Reddit/Twitter panics before the stock market does, or if the stock market panics before Reddit/Twitter does. + +I have written an algo determining (stock specific) sentiment, I ran this on a dataset with (financial) news headlines (about 900k headlines), Twitter headlines en (stock related) Reddit headlines. From that I compared sentiment to the SP500 and I compared the intensity and volume of negative headlines to the VIX. This resulted in the two plots shown. + +Since the plot is somewhat full, I made it interactive so one can show for example only Reddit sentiment and zoom in and out of datapoints. This is in html, but Im not sure whether its allowed to share the link here so in case one is interested to play around with it shoot me a pm. + +[https://imgur.com/yUI2c0N](https://imgur.com/yUI2c0N) + +On request, interactive html is on: [http://www.alternative-analytics.eu/dashboard/sentiment.html](http://www.alternative-analytics.eu/dashboard/sentiment.html) (just a plain clean html, no ads, links etc, base url also is not a general website), I update the graph daily. +Everyone knows that wealth begets wealth so instead I wanna hear stories from those of you who grew up broke af. I'm talking poverty trailer park hood type shit. + +I'm sure there are many of us lurking here looking for proof that it's possible!! + +Edit: I was a first generation refugee who grew up in poverty for most of my life. Now I work in high finance and am on the fat path. I know a few other people that have a similar story. Even if nobody else gives examples in the comments, know that it's possible and there's always hope. +I had a lot of confirmation biases over the months but the biggest one is still when that dude(don't even bother saying his name), came on live television and literally said "sell the stock first, all questions later". + + +The anger and frustration he showed in that interview said it all. Seemed very personal to him. + + +Said he doesn't even cover the stock and yet felt the need to come on news to specifically talk about. You can't make this shit up. +Hey, my husband and I must bring a puppy from Wales home. Unfortunately, the puppy will be around 15 lbs, just a little too close to the weight limit for in-cabin flights on all airlines, and you can't fly first or business with a dog. + +Wondering if anyone will be flying private from Heathrow to ANYWHERE in North America anytime between now and mid-October. + +We could potentially: + +1. Fly back with you and split it +2. Send the dog in the carrier or a pet transport person if you don't feel like meeting us. +3. The dog will stay in the carrier with his head out. We aren't heathens who will have him running around. + +Whatever you feel comfortable with and whatever you want us to pay. + +And if not, does anyone know a transport service that would do this? I thought I would throw this out there because we need this dog, and he is a snub nose, so he can't fly anywhere but in cabin. Thanks. + +Edit: Thank you everyone. We are following up on all the leads today and tomorrow. There are so many good ones. I thought this was a lost cause yesterday. I appreciate all the help. Will let you know if I find any further information on the subject! +I listen to several REI podcasts and recently heard someone call them out saying that the reason they are peddling their podcasts, master classes, books, and whatever else, is because they actually haven't been able to build much wealth through REI. It got me thinking. + +Has REI been successful for you? Has it simply been a small additional income to continue living your life comfortably, or has it actually been a huge income that's increased your life to a life of luxury? +Why would it be inefficient or non-viable to have a sales tax be the only form of taxation, excluding a few things, like government expenditure, food, water, and individuals/households making less than a certain amount? In 2019 there was a tax revenue of $3.46 trillion and a consumer spending total of $14.544 trillion, a sales tax of roughly 25% would account for all taxed income previously, and in a sense be more "fair". +I know it sucks seeing accounts in red but on the bright side that just means you have more of a chance to DCA and get in at lower prices. What’s everyone been buying up? I’ve Been buying + +BST,DGRO,SCHB,SCHD. +DefCafe DAO | Sniping bot for everyone who wholds 1 BNB in $CAFE | free demo for 1 day for everyone + +Def.Cafe is the DAO society aiming to provide bots for crypto and other utilities. +The first bot in our roadmap is a multi-wallet presale sniping bot, and it's already working perfectly! +You can see the demonstration here: https://www.youtube.com/watch?v=mG-JLhl87eY&ab_channel=DefCafe + +Free BETA for 1 day for everyone, who participate in our GLEAM contest https://twitter.com/DefCafeSociety/status/1495502139141070859 . Date will be determined on this week. + +Our next bots to be developed are: +🔹Front-running bot (with ability to snipe launches) coming next week. + +🔹Trading bot with instant buy/sell features, traditional and trailing stop losses and trading limits coming in March. + +🔹Signal generation/reaction, algorithmic trading, whale movement detection, market watch and other features are coming after trading bot. + +In addition to our unique application, we have staking that you have not seen before. +30% of our botz revenue goes back to holders via staking. +Our staking is without taxes or time limits, and no unlocking period. It pays you in BNB rewards, provides stable payouts, and doesn’t solely depend on trading volume. You can stake/unstake at any time, and the minimum amount of $CAFE you can stake is 0.01. + +Contract: 0xdefcafe7eac90d31bbba841038df365de3c4e207 +(Look closely at the contract address, it says defcafe in the first letters!) + +Buy Tax: 0% (permanent) + +Sell Tax: 15% (currently, will be voted via dApp between 5-20%) + +Website: https://def.cafe/ + +Website for our bots: https://botz.cloud/ + +Staking: stake.def.cafe + +TG: https://t.me/DefCafeSociety + +Twitter: https://twitter.com/DefCafeSociety +Just dipped into Cineplex after watching it for a while. I think there could be a pseudo Renaissance of the movie theatre experience after the pandemic restrictions are lifted, or even eased back. I think it is also a lot more stable than our neighbour's to the south's version in AMC, and with just as much potential upside. (Aside from meme explosion possibility.) I didn't put a huge stake in it, only 400 shares at 12.15, but for me this is about as much as I want to throw at it right now, with the potential to increase my stake in a month or so. Going to feel out the waters some more. + +Is this something other people have been looking at recently, and if so, why have you, or have not pulled the trigger?. +Anyone that uses a private chef care to share how it's working out for you? Full time or part time employed? Do they work out a meal plan for you and also do all the purchasing? How much are you willing to spend for this luxury and what would you change if there's a few issues? +I'm new to investing myself at 36 and wanting to help out my dad who is 67 and has never invested, but does have a relatively small nest egg (100k-150k?) from a lucky property sale. + +I want to help him get set up with passive income and it feels like div investing is a good option for him, but I don't where to begin. + +Questions I have - Should he get set up with an IRA? Which type? What portfolio diversity is best at his age? (Any ticker tips?) Can he realistically depend div income to help him through retirement? + +Some additional details - This nest egg is all he's got in the bank. He is getting a small monthly social security payment. And he also has some rental income from a small rental property. + +Forgive me if I left anything out. Really appreciate any advice you can give. +I checked out from work 9 months ago at $9M+ NW(in tech). I am 50M with couple of kids. annual spending is $230K/yr + +I have been enjoying my time off with kids, but a lot of travel I was hoping for is not panning out due to Covid. + +Recently I got pinged by a recruiter and they have a position at VP/L10 at one of the FAANG. I was not really serious, but they really liked my background and would like to see if I can come in. + +two questions. + +Should I even bother? Only way I would consider is doing this for 2\~3 years max ( while keeping hourly under 50/week) 'till kids goes off to college and Covid thing is really over. + +Also any idea, what VP/L10 would pay at FAANG? $1.5M? $2M? if it's $1M, prob isn't worth the effort after tax (\~$500K). I looked at [level.fyi](https://level.fyi) and other source, but VP Comp info is very hard to come by.. +Although housing affordability is at 2007 peak levels, Blackstone’s Joe Zidle explains that a crash is unlikely due to a major difference. + +In the 2007-2008 housing bubble burst, many owners were using their homes like an ATM, he says. + +> “That caused so many people to go upside down. The value of what they owed was greater than the value of their home.” + +Currently, home equity is at an all-time high and household balance sheets are strong. + +> “You haven’t had overbuilding. You haven’t had a drop in credit or lending standards,” he noted. + +Blackstone is known for buying scores of distressed residential properties tied to the 2008 financial crisis. It’s still a major player in real estate, with investments in rentals, the rent-to-buy market and student housing. + +Article: [Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle](https://www.cnbc.com/2022/05/16/home-affordability-at-2007-bubble-level-but-crash-unlikely-blackstone.html) + +___________________ + +Note: This is not an endorsement of a bull or bear view of the real estate market. I like to understand the arguments on both sides of a trade. +I have heard this quote throughout my life. Even people who are generally considered intelligent such as doctors and teachers said this to me. + + +When I told I am interested in the market, literally everyone advised me to be content with my Govt. job and invest my savings only in PPF and Fixed Deposit. +Hi, I’m a complete newbie. I’m curious, how much should I have saved if I’m getting into real estate investing. Like obviously the down payment but what else should I expect to have saved up before I start looking. + +If I’m looking at 150k houses and plan on doing an FHA loan (house hack if I can), how much should I realistically save up? Accounting for down payment, closing costs, unexpected expenses or emergency fund, vacancy fund etc. I wanna get a ball park so I can start setting some goals. + +I have lofty goals and I need someone to level with me and tell me what I should have saved so I don’t do something stupid lol. + +I was looking at 150k houses and was like “well I can afford that down payment” but I know it’s going to be way way more then that before I even see a dime of any rental income so I really need someone to bring me back to reality lol. + +Edit: I am also only looking at houses I would be able to afford on my income without any rental income. So other than mortgage and insurance what unexpected costs of home ownership should I keep in mind? +My ex and I broke up after 6 years a couple of months ago. Had no choice but to find my own place. Rent is $1,000 a month. Car payment , gas , water , cable , car insurance...I can't do it. But I have no fucking choice. I'm 31 , parents are dead and I have no other family. Bank account went negative today because cable came out. Idk how anyone does this especially with no help. Fuck this world. + +&#x200B; + +EDIT \*Just wanted to edit this post because there are a lot of comments addressing the "cable" thing. I don't have cable. I have internet and it's $70 a month. I should have just clarified that in the beginning. I really appreciate all of the suggestions and will be looking into them. Thank you guys + +&#x200B; + +\*\* This will be my last edit because number 1 I didn't expect this to blow up and number 2 I see so many comments on my expenses so I'll just get it all out of the way because I can't respond to everyone. + +&#x200B; + +I make $18/hr. I live in Philadelphia and work in Philly so I get a lot of taxes taken out. My take home every 2 weeks is $1,100 so essentially I bring home about $2,200 a month. + +&#x200B; + +Rent - $1,000 + +Car payment - $385 + +PGW- Varies + +Peco - Varies + +Car insurance - $140 + +Renters insurance - $75 + +Phone - $110 + +INTERNET - $70 + +Dental - $20 ( just canceled. Don't understand how my teeth aren't considered part of my body and need it's own insurance but that's a whole different conversation ) + +This also isn't taking into account things like food , gas etc. I don't go out. I spend most of my time at home when I'm not at work. I've never lived on my own before so yes I'm having a hard fucking time trying to manage all of this alone. I just canceled a couple of random subscriptions I had and I plan on canceling my internet. I'm not sure where else I can cut my budget. My car is financed and I'm about halfway done paying it down. I also fucked up my credit in my early 20's and am currently paying one of them off which is about $200 a month ( don't have a choice in this , I was served court papers and had to settle ) + +&#x200B; + +Again , this was just supposed to be a vent post but I seriously really do appreciate all of the suggestions and am going to continue working on where I can cut expenses. Thank you to everyone that was kind and trying to help. + +&#x200B; + +Also I'm a girl + +&#x200B; +Last year I finished college and wasn't making a lot of money so I applied for medicaid. After submitting all of my documents including my W2 (~$12,000 in 2016) and recent paystubs showing that I made less than 1300/month, I was approved. + +In October of this year, I picked up a lot of overtime in preparation for being out of work for an upcoming surgery and my income for the year shot up to ~$19,200. This is according to the woman at welfare, because I haven't received my 2017 W2 in the mail yet. + +Most months I was under the limit, but medicaid only looks at the year-to-date in order to calculate how much money you made every month. They said I made an average of ~$1600/month over the course of 12 months. + +So because I went over, the woman from Welfare called me and told me that I'll have an overpayment of $1,000/month to pay Medicaid back and that I'll receive paperwork in the mail. + +$1,000/month is literally what I take home every month if I'm lucky. I asked her how she expected me to pay that when I need to pay for car insurance, college loans, and now (most likely) health insurance. + +She basically said that it wasn't her problem and to wait for paperwork in the mail. + +I guess it's my fault for making more than I should have. I had a lot of medical issues that I needed to take care of, so the medicaid was essential in helping me pay for surgeries, doctors appointments, etc. Even then, there was a lot of money that came out of my pocket because many places don't accept medicaid. + +Now I'm going to have to find a way to pay this money and I have no idea what to do. I probably can't pay what they ask. Am I going to jail? + +Is there any way for this to be forgiven? Given what's already on my plate, and my emotional and medical problems (currently see a psychologist and physical therapist regularly), I have no idea what to do. + +I haven't worked in a month due to my knee surgery and I'll only be working two days a week for the next month or two while I recover. I'm in a pickle. + +Welfare lady also said that my medical coverage will "roll over to the affordable care act" once my medicaid ends this month. + +I have no idea what's going on and I'm kind of freaking out because my mom is permenantly disabled and makes less money than I do. Any suggestions would be appreciated. + +Edit 1: Edited for accuracy. +>Intel Corp. data-center sales sank more than expected in the third quarter, sending shares down 10% in after-hours trading Thursday. +> +>Intel [**INTC,** **+0.74%**](https://www.marketwatch.com/investing/stock/INTC?mod=MW_story_quote) reported a decline in profit and revenue from the previous year, while slightly raising its full-year forecast but missing expectations for its fourth-quarter sales outlook. Shares dropped to less than $49 in after-hours action immediately following the report, after closing the regular session with a 0.8% gain at $53.90. +> +>The chip maker reported third-quarter net income of $4.3 billion, or $1.02 a share, down more than 28% from $5.99 billion, or $1.35 a share, in the year-ago period. After adjusting for restructuring and acquisition-related costs, Intel reported earnings of $1.11 a share, compared with $1.42 a share in the year-ago quarter. Revenue fell to $18.3 billion from $19.19 billion in the year-ago quarter. +> +>Analysts surveyed by FactSet had estimated adjusted earnings of $1.11 a share on revenue of $18.24 billion, while Intel had forecast adjusted earnings of $1.10 a share on revenue of approximately $18.2 billion. +> +>The company said that it now expects adjusted earnings of $4.90 a share on sales of $75.3 billion, after previously stating $4.85 a share on sales of $75 billion. +> +> +> +>[https://www.marketwatch.com/story/intel-stock-plunges-10-after-earnings-show-bigger-sales-drop-than-expected-11603397818](https://www.marketwatch.com/story/intel-stock-plunges-10-after-earnings-show-bigger-sales-drop-than-expected-11603397818) +Hello beautiful Apeys!! + +So I do rideshare to buy more GME. And I picked up someone who said some very interesting things and got my tits more jacked than they've ever been. EVER. + +I understand this is a *trust me bro* story. But you may also remember me from a lot of DD I've written, perhaps you've read "Rolling in the Deep", "Zombies" or "Cellar Boxing"? + +What I'm trying to say is that I don't post unless I have something interesting to share and I just wanted to jack your tits with this because I'm freaking out after this convo. + +I'm actually about to buy a dash cam now so I can record all my rides from now on. I'm so sorry I didn't record this because I talk about GME a lot, but this is the most amazing conversation I've ever had doing these rides. + +This happened about 3 hours ago. Forgive me for the "all over the place" format, I'm trying to remember the convo as best as I can. I was so hyped, and so was he. But he was hyped in a different way.. So the conversation was a bit heated, we kept interrupting each other and it's hard to remember everything verbatim. + +So I picked up this guy from a bar on his way home. He was kinda drunk but not so drunk that he slurred his words. Just drunk enough to spill some beans. + +So the conversation started out normal, "Hey how are you", that type of stuff. + +I didn't talk about GME initially. + +I ask everyone what they do for work. + +He happened to say he is a senior financial advisor at Fidelity and works with the hospitals in the area. + +As soon as he said Fidelity, my eyes perked up but I didn't want to seem too eager. I just said "Oh that's cool, I actually have a Fidelity account and was going to DRS the last of my GME shares soon". + +I said that just to gauge his reaction to DRS. + +He started out with the usual Fidelity script and was like "You want to keep your shares where you can... you know.. set limit sells and.." + +*(I was caught off guard because it was 3 am and I randomly picked up a drunk Fidelity advisor. I was holding in my excitement to ask about GME and was trying to formulate the right questions in my head so I kinda zoned out at this point because he wasn't saying anything interesting. Just kept hyping up Fidelity, trying to talk shit about DRS and I let him talk to build rapport for the big questions.)* + +At some point after he was done I said "You must know what's going on with GME, huh" + +He said "I do and I don't..." + +He was trying to play it off like "it's over" and he said "I made some money on it back then, and the other one, what was the name of the other big one, the movie company" + +I wanted to, but didn't say they're long on *\*insert 3 letters\** now. I figured he's being a shill and that will get me nowhere, I just wanna see what he's gonna say about GME. + +He gave some typical shill "yeah it was great **back then**" type banter for a minute then I said "I got a question for you, and you don't have to answer it if you don't want to" + +And he's like "No, fuck it I'll answer any questions you have." + +I was at that moment pissed that I didn't start recording lmao so I said "What's going to happen when this is all over, what will push them over the edge?" + +He said "I know the theory you're thinking. I'm on Reddit and I read all that stuff. That stuff is 100% true. It's not a conspiracy or anything like that. It's just facts. The big guys were getting their asses handed to them and I was rooting for retail when it happened, but then they got control of it and they're going to crush retail to the ground. My advice, stay away from it because it's going to be a bloodbath" + +I'm like "So you're saying they're going to do a major short attack? Do you know when this might take place?" and he said "I ... I don't wanna say .. because I don't wanna be the asshole and tell you .. you know.. *when*, but all I can say is it's going to be big and it's been in the works for about 6 months. The big money hates retail and is planning on absolutely crushing them, so stay away." + +I said "So this is after the split? So they're going to push it down to like a dollar or what ever?" + +He said "All I know is that it's going to happen. And it's going to be huge. Stay away from it" + +So at some point he stopped and was like "Okay but go ahead and ask what you were wanting to ask". + +And I said "So my assumption is that Citadel and friends, you know all the hedge funds are probably in for 15 to 20 billion naked shorts on GME" + +*(I didn't get to finish my question and he interrupted)* "Yeah that's .. that's 100% true" + +And I said "Okay so that's true, what happens afterwards? When they split they'll have to owe about 80 billion shares and there's only 304 million in existence" he said "Yup" + +I said "So if all of this is true, what happens when Gamestop puts on a 10k report that all shares are 100% DRS'd and then what happens to all the other synthetics?" + +He got quiet and was like "They'll just ignore them" *(Meaning they won't be forced to cover)* + +And I said "What if Gamestop issues an NFT dividend?" And he tried side tracking me with *Bee Tee Cee. (He said the full word. You know what I'm talking about, I just can't say it because of Automod)* + +He was like "That's the thing.. nobody knows. Nobody understands NFTs, these hedge funds don't understand them. My company is the only one that understands NFTs and we're the only ones looking at *Bee Tee Cee*" and he tried hyping up Fidelity and how they're on the cutting edge of new tech lol *(Keep in mind his whole entire speech was to A. Keep me on with Fidelity instead of DRSing and B. To terrify me into selling)* + +And so he kept repeating over and over how big money is in control of this and they're going to win in the end and I kept trying to say the lower the price, the more retail is going to buy. It was a heated battle of "They're going to crush retail" --- "But retail doesn't care, they're not going to sell" -- "It's going to get ugly, stay away" lol + +I said "Okay I get what you're saying, they're going to keep shorting it and attacking but what if retail doesn't ever sell?" + +He was flabbergasted and couldn't give me a proper response. + +I said "Just humor me, hypothetically if retail never sells, and Citadel just keeps shorting and digging the hole deeper, what's going to happen? When does it end, what will make them cover? The only reason retail is so interested at this point is BECAUSE they keep fighting and... " + +He cut me off and said "I can't fathom a universe where retail wins this. It just... your hypothetical just.. makes no sense to me because big money always wins. You can't go against big money and win. They will find a way." + +That's the tone of the convo, it just kept going like that as I kept saying retail's not going to sell, and he kept saying in disbelief how retail will sell one day. + +He kept trying to push this FUD on me that big money has had this major short attack manipulation plan for 6 months and that they infiltrated Reddit and will drive sentiment down and out last retail and he said "If you time it right, you can probably make some money but it's only a short window and they're going to drive it down hard". + +I said "Wait, so you're saying there's going to be a fake squeeze and they're going to short it back down to make people paper hand?" + +And he tried back tracking like "idk it's probably going to be... what you said but ... just stay away from it". + +I couldn't get to ask him much more because we were pulling up to his driveway. + +I told him as I was dropping him off "I literally do this 12 hours a day to buy more shares." and he didn't respond to that. + +As he was getting out of the car, he seemed pisssssssed and also terrified and I saw him pick up his phone and call someone as he was walking away. + +Again, this is a huge *trust me bro* moment but I had to share this with you guys because it's got me more zen and hyped than I've ever been. + +**TL;DR A Fidelity Senior Advisor confirmed the DD and said all of it is 100% true and agreed that the short percentage was about 15 to 20 billion naked shorts. and shed a bit of light on how the hedge funds think. Basically confirming what apes already know. Their only play is to keep shorting it until Retail loses interest. They actually think it will work because it's all they know and has worked on our grandapes and great grandapes. And they "Can't fathom a universe where Retail doesn't sell".** + +***They really are that dumb.*** + +&#x200B; + +Edit: To the people who were saying this post is FUD: + +I just told the story as I remembered it. If there was any FUD, it was from him and he was trying really hard. And I said that he was. I don't know another way to tell a story without censoring literally everything he said LMAO + +If I censored his FUD there would literally be no story lmao + +It would look like: + +Me: Apes aren't selling + +Him: \*\*\*\*\*\*\*\*\*\*\*\* + +lmao everything he said was FUD. + +Think about this for a second, if this story actually happened to you, if you were in this conversation and heard what I heard, would you post the story or would you keep it to yourself? + +The moral of what happened last night was to explain that a guy that works at Fidelity confirmed the DD and was actively being a shill to me. And I shut him down and pissed him off. And that made me so fucking zen and happy with my investment and gave me FOMO to buy more at literally ANY PRICE. That was it. + +&#x200B; + +Edit 2: + + You know what I just thought about something.. + +Scenario A) People see the truth in what I posted and individually decide to continue buying. + +Scenario B) People think the post is FUD and individually decide to continue buying. + +It's the same thing regardless lmao hedgies r fuk. +Hello Favorite Community, + +I had a convo with my FA today that made my stomach turn… I knew the second he spoke that I’d come here for advice. Thank you in advance!! + +High level details: 36/F, 2 young kids, $9-10M NW (down $2M from a few months ago, I know you all feel my pain). + +I’ve learned a ton from this subreddit (and hopefully contributed as well). You’re a smart bunch of cookies and I am REALLY hoping you can help. + +We are silly and use a Financial Advisor for $3M of our total NW. We know we should just VG and chill and have it in our plans to break up with him. He’s a nice guy and knows his business well but isn’t worth the $20K+ a year we pay in fees. I do really like him and he’s always been very kind to us. ANYWAY… we had a call with him today that really caught me off guard and made me wonder if I’ve been totally miscalculating my life. + +I have two kids and, after working full time nonstop since I was 15, would like to take a few years off to stay home with them. It’s hard for me to walk away from easy money but THIS SUBREDDIT HAS INSPIRED ME to bite the bullet (thank you) and do what I know will make me happy. + +My husband and I thought this wouldn’t be a problem with our NW, his continuing to earn (or not as he’d like to retire early as well), and counting of 3% returns on our investments. However when I told our FA today that I was considering stopping working, he said “my advice would be to not do that for more than 12-36 months, but sure you can do it for a while” —- i really thought he was going to tell us that with our portfolio/etc that I could retire and stay home with my babies but he seemed concerned that I was considering this and that it was a financially irresponsible decision to do for more than a few years … even with a NW of $9M+? I already have a lot of issues/financial insecurities stemming from childhood so his feedback made me suddenly feel like I need to get a second job or something and question my plans! + +I know we aren’t super rich or anything but we don’t plan on living an Uber extravagant life and are even happy to downsize if needed. + +SO, I ask you folks….am I missing something? Or is my FA right? Here are the deets: + +Rough NW: $9-10M + +Assets: +- Cash $400,000 +- Financial Advisor $3,000,000 +- Schwab $6,700,000 +- Opportunity Zone Investment (10 yr) $500,000 +- Real Estate Investment (guaranteed 7.5% returns / yr) $400,000 +- Home value $2,000,000 + +Total Assets = $13,000,000 + +Liabilities: +- Margin (Schwab - 1.9% + SOFR - autopay from investments) $1,800,000 +- Line of Credit (Goldman - 2.35% + SOFR - paid from checking) $1,000,000 +- Mortgage (3.125% Rate | Conventional | 30 Year Term - paid from checking) $730,000 + +Total Assets = $3,530,000 + +Cash flow : +- Monthly expenses (inc liabilities) $20,000 +- Monthly Income today (NET) $35,000 (not including bonuses/equity) +- Income in future if I stop working (NET) $15,000 (mot including bonuses/equity) + +Potential ways to make shortfall: +- Take Real estate Investment earnings as income $2,500 +- Pay off GS LoC with Margin from Schwab $2,000 + + +Questions: + +- thoughts on me just retiring to staying home with my kids? +- thoughts on us both quitting while still having liabilities (our FA said we shouldn't do this) +- FA said they wouldn't be comfortable with a $5k income gap (between exp + income) over a 3+ year timeline. At the same time, they said we should expect to rely on 3% rule for our overall investments. Confused me? +- are there any optimizations anyone could suggest for our investments/liabilities + +Like I said - we aren’t luxury type people and don’t need the high life. We have a mini van and a KIA and are happy with second hand clothes. Our money goes to mortgage, travel, way too high Whole Foods bills and activities with our kids (ok and I do get a massage 1-2X a month!). + +THANK YOU SO MUCH TO SOME OF THE SMARTEST FOLKS ON THE NET! +Posted about this around when it IPO'd in the UK. People have really got behind and shares gathered momentum. I feel like this isn't the same as the likes of Kanabo or Cellular due to its medicinal focus rather than retail focus. The company made a positive announcement this morning and fundamentals look promising, thought I'd share incase it wasn't already in your radars. Shows that being early into the game pays for growth and winning contracts. GLA. + + +most employees treat their people like garbage, total trash. i remember we just accepted it until recently. i am sure it has to do with the generous unemployment money this year and the eviction laws. i am worried one year from now, when all of the protections are lifted, it will kinda go back to before. its just crazy the usa needed a pandemic to have a few protections, too bad its temporary, i am hoping people can hold on to this battle , dont let the bastards abuse again please +With finra announcing that Citadel has never done wrong-doing, this means the entire federal government & all its entities know what is at stake. + +finra is publicly stating that citadel never did wrongdoing - ever. l + +i am writing letters to my local state and fed reps. i want an inquiry!!!! if the fed reserve can print 8T dollars out of thin air that i as a taxpayer & citizen am responsible for, as well as the soaring costs of food & other necessities - i am demanding restitution & require an inquiry that makes the warren commission look like a comic book! + +i want to know ALL the players!!!! + + +no inquiry no vote! + +https://twitter.com/lisabraganca/status/1488560166358319104?s=21 +Here's what I think is happening. + +DTCC has everything set (via new rules) to vaporize Citadel et al. but they haven't. + +Because they are waiting to see if apes crack first. + +The price has been steadily dropping. As other apes have pointed out, when volume is low, Citadel has strong influence over the price of the stock. + +They know about the hype for this week. They know what the TA indicators are saying. + +They also know that if they can drop the price despite all this, some will paper hand. They hope it will be enough to trigger a sell-off. They hope to survive another day. + +But deep down, they also know it won't be enough. The price could drop to $40 again and enough diamond handed apes will hold. + +Eventually there will be a catalyst. Likely very soon. The next T+X cycle or an announcement from GameStop. The price will start to rise. FOMO crowd will jump in. DTCC will say enough is enough. Prepare for lift-off. + +If you're tired of holding. I get you. + +If you're pissed at the recent price action, I get you. + +If tomorrow you are disappointed that the 14th might be a dud, I get you too. + +But look. What apes are doing? This has never been done before. And will likely never happen again. The opponent is formidable, but not all powerful. They have a breaking point and it will be found. The only question is will you be there when it happens. + +Remember. Through all the fuckery so far apes never left. + +And for whatever fuckery happens ahead, apes aren't leaving. + +Apes aren't leaving until fuckery is punished and apes get paid. + +Ape price or no price. + +💎 🚀 +I got my security deposit and first month's rent, so I just figured I'd make a thread to celebrate this little milestone, as I don't have a lot of people I can talk to about investing. It's exciting to have a good investment even with today's housing prices. I got a SFH in a Midwestern metropolitan area and am using a property management company. Assuming no major catastrophes happen, my ROI should be 11-12%. This is in no way meant to be bragging; I just wanted to share. Good luck to all of you with your own investments! + +Edit: thank you to all the positive responses! Even if I did not respond to all of them (there's a lot there), know that I appreciate all of you. +I have been buying vym Schd and jepi weekly on Monday. Jepi is in IRA so not worried about taxes but Schd and vym are in taxable account. +I plan to retire in 2 -3 years and converting some of voo to these 3. What should the split be between the 3 (vym/Schd/jepi)? +Judge grants Twitter fast-track trial to decide fate of Musk deal - https://on.ft.com/3PnVmcE via @FT + + >Twitter won an early victory in its legal battle to force Elon Musk to complete his $44bn takeover of the company, after a judge sided with the social media company and set a timetable for a fast-track trial starting in October. +1. Don't quit your job +2. Don't write your backtesting engine +3. Expect to spend 3-5 years coming up with remotely consistent/profitable method. That's assuming you put 20h+/week in it. 80% spent on your strategy development, 10% on experiments, 10% on automation +4. Watching online videos / reading reddit generally doesn't contribute to your becoming better at this. Count those hours separately and limit them +5. Become an expert in your method. Stop switching +6. Find your own truth. What makes one trader successful might kill another one if used outside of their original method. Only you can tell if that applies to you +7. Look for an edge big/smart money can't take advantage of (hint - liquidity) +8. Remember, automation lets you do more of "what works" and spending less time doing that, focus on figuring out what works before automating +9. Separate strategy from execution and automation +10. Spend most of your time on the strategy and its validation +11. Know your costs / feasibility of fills. Run live experiments. +12. Make first automation bare-bones, your strategy will likely fail anyway +13. Top reasons why your strategy will fail: incorrect (a) test (b) data (c) costs/execution assumptions or (d) inability to take a trade. Incorporate those into your validation process +14. Be sceptical of test results with less than 1000 trades +15. Be sceptical of test results covering one market cycle +16. No single strategy work for all market conditions, know your favorable conditions and have realistic expectations +17. Good strategy is the one that works well during favorable conditions and doesn't lose too much while waiting for them +18. Holy grail of trading is running multiple non-correlated strategies specializing on different market conditions +19. Know your expected Max DD. Expect live Max DD be 2x of your worst backtest +20. Don't go down the rabbit hole of thinking learning a new language/framework will help your trading. Generally it doesn't with rare exceptions +21. Increase your trading capital gradually as you gain confidence in your method +22. Once you are trading live, don't obsess over $ fluctuations. It's mostly noise that will keep you distracted +23. Only 2 things matter when running live - (a) if your model=backtest staying within expected parameters (b) if your live executions are matching your model +24. Know when to shutdown your system +25. Individual trade outcome doesn't matter + +**PS**. As I started writing this, I realized how long this list can become and that it could use categorizing. Hopefully it helps the way it is. Tried to cover different parts of the journey. + +Edit 1: My post received way more attention than I anticipated. Thanks everyone. Based on some comments people made I would like to clarify if I wasn't clear. This post is not about "setting up your first trading bot". My own first took me one weekend to write and I launched it live following Monday, that part is really not a big deal, relatively to everything else afterwards. I'm talking about becoming consistently profitable trading live for a meaningful amount of time (at least couple of years). Withstanding non favorable conditions. It's much more than just writing your first bot. And I almost guarantee you, your first strategy is gonna fail live (or you're truly a genius!). You just need to expect it, have positive attitude, gather data, shut it down according to your predefined criteria, and get back to a drawing board. And, of course, look at the list above, see if you're making any of those mistakes 😉 +10 year treasury record low (.936). + +REPO (14 day) Markets are over subscribed. IF the FED didn't step in rates would have been 10%+. + +COVID 19 hasn't even really begun to get rolling. + +FED .50 bps drop didn't do shit. + +Deutsche Bank, HSBC might go under this year. + +Feels like the wheels might come off this wagon. +Hey 'Tards, + +The New Failure to deliver data is JUST OUT from the SEC. Here is a simple pivot table. It's still failing to deliver EVERY DAY. I'm sure people will analyze this better than me. But I wanted to get this out to everyone ASAP. + +Edit: Failure to deliver is how many shares were not accounted for at the end of the day. GME has been failing to deliver in some capacity for weeks now. This data is posted by the SEC Freedom of Information Act (FOIA). It is only posted every two weeks, for the previous two weeks. But this is the most recent data that everyone has been waiting on. + +From the SEC regarding this data + +>"The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails." + +&#x200B; + +SEC FOIA Site: [https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +Data File: [https://www.sec.gov/files/data/fails-deliver-data/cnsfails202101b.zip](https://www.sec.gov/files/data/fails-deliver-data/cnsfails202101b.zip) + +&#x200B; + +GME had 2 million shares failed to deliver one day totaling 300 million $ + +https://preview.redd.it/o2xfxx2gyuh61.png?width=581&format=png&auto=webp&s=67d839f263c89c56f782a52803b11c9e5f4c9c8b + +EDIT: Because so many people are bringing up XRT. Which contains a lot of GME. Here is XRT. Hmmm. Notice anything interesting about Jan29th between these two?? + +https://preview.redd.it/kmbry5xzgvh61.png?width=620&format=png&auto=webp&s=5ea1c495f4287932b0c6f9b172a04a03f58d147b + +&#x200B; + +&#x200B; + +There is also AMC... AMC is still failing to deliver EVERY DAY. This continues the trend for both of these stocks not being delivered every day. AMC had 27 million... yes million shares failed to deliver. + +&#x200B; + +https://preview.redd.it/gqgboikxyuh61.png?width=619&format=png&auto=webp&s=2a12b0466767e0eba40dd93ba0a28cc322db1d32 + +&#x200B; + +I'd like to ask everyone to do what they can. I am not recommending buying any of these stocks. But there is for sure, something still going on. We need to try and get this data daily. Contact your reps, etc. + +&#x200B; + +There are links to information about Failed to deliver.[https://www.sec.gov/rules/final/34-50103.htm](https://www.sec.gov/rules/final/34-50103.htm) + +Is GME considered a Threshold Security? ✅ + +>In order to be deemed a threshold security, and thus subject to the restrictions of Rule 203(b)(3), a security must exceed the specified fail level for a period of five consecutive settlement days. Similarly, in order to be removed from the list of threshold securities, a security must not exceed the specified level of fails for a period of five consecutive settlement days. + +Does the Firm have to close out the positions? ✅ + +>As adopted, Rule 203(b)(3) requires any participant of a registered clearing agency ("participant")[80](https://www.sec.gov/rules/final/34-50103.htm#P210_72014) to take action on all failures to deliver that exist in such securities ten days after the normal settlement date, *i.e.*, 13 consecutive settlement days.[81](https://www.sec.gov/rules/final/34-50103.htm#P211_72496)Specifically, the participant is required to close out the fail to deliver position by purchasing securities of like kind and quantity.Rule 203(b)(3) is intended to address potential abuses that may occur with large, extended fails to deliver.[89](https://www.sec.gov/rules/final/34-50103.htm#P221_79239) We believe that the five-day requirement will facilitate the identification of securities with extended fails. + +&#x200B; + +Edit: I wrote a quick post about this last report. I'll copy some stuff here. AS requested, here are some data snippets for "normal" stocks. note the number of failed to deliver is way lower. + +[Alcoa](https://preview.redd.it/iv7pzbh92vh61.png?width=333&format=png&auto=webp&s=9b724af7998ca1bc1b4dd5db3299b45358eac540) + +&#x200B; + +[MSFT. Some outstanding shares and a few spikes, but not hundreds of thousands or millions every day. ](https://preview.redd.it/0ricfjkd2vh61.png?width=246&format=png&auto=webp&s=22b6638b1ff5fee09e9434b5d151389624ed7aeb) + +&#x200B; + +Edit: Adding some historical counts for GME below. I'm too lazy to combine the data right now, pulling from an older post of mine. + +&#x200B; + +https://preview.redd.it/9o10fkj2wvh61.png?width=642&format=png&auto=webp&s=17134e3775fba124959db68eb25cda803504d63e + +https://preview.redd.it/c0i6ixztvvh61.png?width=605&format=png&auto=webp&s=02ab76207deea9f208f54532a75b28761858e106 + +&#x200B; + +&#x200B; + +Edit: I have a super super small position in GME, like 3 shares. I have been on WSB since like 2014. Trust me. I am NOT a bag-holding whiner. I take my losses like a fucking champ. (MSFT 240C, USO, PRPL, SLV in 2020, etc) I am also NOT promoting any sort of holding, buying, or selling any of your positions. +Hi! + +To everyone who HODLED during these months: I LOVE YOU! Everyone of you have diamonds balls!!! + +We just made history that after all the FUD these months, we still climbed our way back. Crypto is here to stay and step by step the adoption is getting real! El Salvador is already profiting by adopting BTC and buying the dips. + +The upcoming months will be legendary and with altcoin season around the corner we have some good times to come. + +So a big THANKS to all of you! We'll make history together and our grandkids will thank us. + +Again to everyone: I LOVE YOU ALL! Let's party and enjoy this moment. + +ChemicalGreek +Long time lurker, first time poster. I just saw a promo on Bloomberg for an interview with Ken Griffin today at 1 pm EST. It mentioned that there would be a wide range of topics, but I'm guessing he will spend most of the time talking about "conspiracy theories" and trying to make himself look like a good boy. Either way it should be entertaining and I can't wait to watch him read from the teleprompters again. + +Edit: +For anyone asking about how to watch online, live stream link is below courtesy of u/wingzttv + +https://www.bloomberg.com/live + + +Edit 2: +Looks like it got pushed back to 1:30. Kenny probably needed a bit more time to rehearse. + + +Edit 3: +Some people were having issues with the bloomberg link and apparently there's a 30 minute limit. Alternate link is below courtesy of u/gordiart + + +https://oneotv.com/bloomberg-live-tv/1/ +https://www.youtube.com/watch?v=dp8PhLsUcFE +ZIP ATH was $14.52, as I write this ZIP is down to $0.63. + +For some perspective, it is down **95.7%**. + +In other words, you need to make **2205%** for it to hit ATH again. + +A 22-bager. + +Some more fun facts/numbers put into perspective + +* If you invested at **$10** you would be down **93.7%** (**1487%** gain needed to recuperate) + * On $10,000 you would have **$630**. +* If you invested at **$5** you would be down **87.4%** (**694%** gain needed to recuperate) + * On $10,000 you would have **$1260**. +* If you invested at **$3** you would be down **79%** (**376%** gain needed to recuperate) + * On $10,000 you would have **$2100**. +* If you invested at **$1** you would be down **37%** (**59%** gain needed to recuperate) + * On $10,000 you would have **$6,300**. + +Zip has led to some spectacular losses. + +Godspeed Ziptards +I see so many P/E numbers thrown around but I have yet to see a respected source with updated Q2 earnings and a revised P/E. + +For example https://www.multpl.com/shiller-pe shows only the latest earnings as of March 2022, with a real EPS at 203.88. They should be higher now as of Q2. Anyone have actual revised information? +Please do us all a favour, when posting gain/loss screenshot and crediting thetagang add some details like what capital did you start with, which strategy did you use, maybe tickers etc. Just a screenshot and a brag won’t add any value to this community. I've started to delete such low quality posts. Please keep reporting them! + There are several valuation needs to determine the level of utility payment at any state of the game and also for general incentive funding, they are : + +1. determining the value of each token reward awarded to fight winners +2. Value quantification of fight scheduling fees, fight tickets, and kittie redemption form Kittiehell. +3. and Lastly ; The kittiefight endowment smart contract fund in which every scheduled and eligible fight automatically draws from to fund the incentive mechanism behind the “honeypot/Kittie Nip pot”. + +### Summary & Whats next : + +Because of these needs, more tasks are added to our development roadmap, so both kittieFIGHT and its spinoff “FightBattles” will be making headway in November, with **Beta tests beginning in OCT**(see update on site). We are almost ready for this blockbuster Dapp’s release. Thanks to all those supporters that have waited patiently. We really appreciate it and are dedicated to making it worth the wait! + +* Fight-paper : Documentation of game mechanics +* Demo : See KittieFIGHT in action. +* Dutch Auction : to quantify Token Valuation, fees quantification and rewards to fight winners +* Beta tests (October ) + +**Learn more about our project** : +Website: [https://www.kittiefight.io/](https://www.kittiefight.io/) +Reddit: [https://www.reddit.com/r/kittiefight](https://www.reddit.com/r/kittiefight) +This is a little writeup I did for a machine learning class that I was asked to post to Reddit. This seemed like the right place to post it. If not, please lmk and I will take it down. + +TLDR: ML is being applied to consumer choice and making correct econometric models faster. How will it change economics in the future? + +&#x200B; + +Neural networks are already being used to tell consumers what they want to watch on Netflix, and soon they will be applied to predicting what the same consumer will buy at the supermarket. Machine learning models are starting to be applied elsewhere as the research community dives into the large realm of economic models. I attempted to boil down some research regarding methods and future applications of machine learning to economics. + +The first applications of machine learning to data science center heavily on consumer choice. Bajari 2015 \[4\] is a study that uses a combination of models, six to be exact, to predict the sample demand of a grocery store more effectively than panel data or a logistic model. \[4\] This method is not commonly used in 2015, but as you can see from **Figure 1**, the literature and research community had not started rapidly researching machine learning in Economics at that point. The very basis for this analysis is steeped in ordinary least squares models but is quickly moving to innovative methods of machine learning like convolutional neural networks and more. + +Further analysis on novel data science methods in four individual classes of machine learning: deep learning models, hybrid deep learning models, hybrid machine learning, and ensemble models tells us what economic researchers are using to make their predictions. Using machine learning potential application domains include a broad and diverse range of economics research from the stock market, marketing, and e-commerce to corporate banking and cryptocurrency \[2\]. As of now, Long Short-Term Memory, Convolutional, and Deep Neural Networks are currently the most used models in the literature, specifically for predicting markets across asset classes and consumer behavior. Beyond these techniques and predictions, machine learning can be used to help predict both the success and effects of new technologies like 5G or the externalities of Covid which can be seen in the news \[2\]. + +In general, machine learning is better than when there exist a large number of outside factors when you are only looking for a rough parameterization of a variable to study the effects of on a result \[1\]. Neural networks can be used to focus on Regression, classification, and clustering or grouping tasks. For this, a variety of algorithms including “(regularized regression (LASSO, ridge and elastic net), random forest, regression trees, support vector machines, neural nets, matrix factorization, and many others, such as model averaging” will be effective \[1\]. When refining the model, stochastic gradient descent is a huge computational leap allowing the researcher to optimize their model versus manually tuning the parameters until the result fits the criteria they are looking for. Machine learning will improve the scale of Bayesian models that can in turn be used to solve a wider variety of problems than we see today \[1\]. In **Figure 1** we can see the amount of work that has gone into the application of these techniques to economic problems for deeper understanding. + +One limiting factor in the expansion of the uses of machine learning in economics is the state of the data. “Current methods limit the full use of novel unstructured data sources, such as remote sensing images, cellular phone records or text from the news media”\[3\] also domain knowledge can be applied to determine when the results of machine learning in complex processes are spurious and might not generalize. Data is not all-encompassing eg not everyone has a cell phone or bank account, so the results of models could be inherently biased. + +Much of the work currently done with the econometrics method will be done more efficiently and effectively as computational power increases and more research is done on analysis techniques. Beyond consumer choice, advances will allow models to take into account much more data, leading to more accurate predictions into the choices of the market. We all notice the advertisements that are eerily similar to our thoughts and I feel this will creep more and more into other facets of life, making car shopping or applying to jobs more efficient but less personal. Feel free to add any novel applications or thoughts regarding future research that could be done and thank you for your thoughts! + +Sources: + +\[2\] [https://www.mdpi.com/2227-7390/8/10/1799](https://www.mdpi.com/2227-7390/8/10/1799) \- put first because there are two interesting graphics in this source. **Figure 1** is here on page 3. + +\[1\] [https://www.gsb.stanford.edu/faculty-research/publications/impact-machine-learning-economics](https://www.gsb.stanford.edu/faculty-research/publications/impact-machine-learning-economics) + +\[3\] [https://academic.oup.com/erae/article/47/3/849/5552525](https://academic.oup.com/erae/article/47/3/849/5552525) + +\[4\] [https://www.aeaweb.org/articles?id=10.1257/aer.p20151021](https://www.aeaweb.org/articles?id=10.1257/aer.p20151021) + +[https://izbicki.me/](https://izbicki.me/) is my inspiration for compiling this information +**(Skip to !!!!!!! - This was the initial part of my investigation. Skip to that bit. Promise.)** + +In the linked in profile, they are advertising for one position in China with email domains for [glacierchina.com](https://glacierchina.com) + +Running the advertisement through Google Translate, we can see that they have a public **WeChat account: GlacierCap.** + +Throughout the rest of the job post, they refer themselves to **Gengxin Capital**. + +>Introduction: + +Founded in September 2018, Gengxin Capital is an enabling boutique investment bank. The founding team comes from core members of companies such as LAZARD, Yuanhe Chenkun, Kaisheng Rongying, Huafeng Capital, Blue Lotus Research Institute, Analysys International, and has extensive contacts in the capital market, Internet, and technology industries. + +Gengxin Capital is committed to deep participation and long-term empowerment in the value creation and value discovery of technological innovation companies that are the engine of global economic growth and unicorns generated in the tide of inclusive consumption in China. Since its establishment, it has assisted 26 projects to complete financing, with a total financing of 5.36 billion yuan. + +&#x200B; + +Additional information I can tell you about the Chinese domain is that while it was initially registered in 2018, the Registry of the domain (RDAP) has been updated within the last 24 hours. Circumstantial, but the domain for the Chinese email accounts do not have anything else allocated to them other than their emails.{"eventAction":"last update of RDAP database","eventDate":"2021-03-14T06:57:12Z"}\] + +Registered with Alibaba. + +Source material: [https://whois.aliyun.com/rdap/domain/GLACIERCHINA.COM](https://whois.aliyun.com/rdap/domain/GLACIERCHINA.COM) + +\------- + +**!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!** + +Bringing it back to Glacier Capital in Lux, I ran a WHOIS on the Domain and got a different address than u/timmmmmmmyy. + +Domain name holder + +GLACIER CAPITAL SARL + +18, rue Jean Oster + +LU - 8146 Bridel + +[https://www.google.com/maps/@49.6582799,6.0771793,3a,75y,326.47h,77.66t/data=!3m6!1e1!3m4!1sqXom6bxDm2-6Pd1NdeLZEw!2e0!7i13312!8i6656?hl=en-AU](https://www.google.com/maps/@49.6582799,6.0771793,3a,75y,326.47h,77.66t/data=!3m6!1e1!3m4!1sqXom6bxDm2-6Pd1NdeLZEw!2e0!7i13312!8i6656?hl=en-AU) + +&#x200B; + +Wonderful, modern house. Could hold 4 employees in the silo looking part next door, but otherwise a suburban street. + +\------ + +&#x200B; + +The official business registration yields the same address as u/timmmmmmmyy + +Buisness ID: B212426 + +A new player has entered the game, **Norbert Raymond Becker.** Owns 48.08% of Glacier Capital, where Marc-Francois Joseph Daubenfeld owns 51.92%. Both Luxembourgers. + +(I'm looking to upload the supporting paperwork - standby). + + +(EDIT GOES HERE: https://imgur.com/i9lTtDc Verifiable at [https://www.lbr.lu/](https://www.lbr.lu/) which is the Luxembourg Business Register. Put the above Business ID into the "RBE" which is the Beneficial Owners Registry.) + +&#x200B; + +\--- + +What's Norbet up to? + +He has a Directorship at Lia Holdings Limited. (Very close to Liar, lol). with the following address - 52 LIME STREET, LEVEL 27, LONDON, EC3M 7AF + +Fancy new building there for Norbet. What's on level 27, the registered address for Lia Holdings Limited? + +[https://www.thescalpelec3.co.uk/#Neighbourhood](https://www.thescalpelec3.co.uk/#Neighbourhood) + +Level 27 holds Lombard International + +[https://www.thescalpelec3.co.uk/wp-content/uploads/2020/12/SCA005\_Scalpel\_Floorplans\_V32.pdf](https://www.thescalpelec3.co.uk/wp-content/uploads/2020/12/SCA005_Scalpel_Floorplans_V32.pdf) + +[https://pomanda.com/company/12049264/lia-holdings-limited](https://pomanda.com/company/12049264/lia-holdings-limited) + +This looks more like a spicy meatball. We have a list of other directors in London that we can chase down, along with business names that contain the word CAYMAN in them. Niiiice. + +So.... who is this rag tag bunch of professionals for Lia? + +[https://www.lombardinternational.com/en-US/About-us/Leadership-team](https://www.lombardinternational.com/en-US/About-us/Leadership-team) + +Oh look - Hi Norbet! He isn't a small fish either - used to be Global CFO for EY (one of the big four consulting and accounting firms in the world). + +I see that they have their funds managed by Blackstone, a fairly large and spicy meatball in the U.S (I know this because they just tried to buy a Casino group in Australia). + +I must say that many of the board on Lombard International Group are not small fish - international Chief Investment Officer of HSBC is a spicy meatball (Stuart Parkinson) or a senior figure of Blackstone's Tactical Operations Group in Qasim Abbas (sounds like a lame Bourne movie). + +So what has this got to do with our situation? + +[https://www.businessinsider.com.au/blackstone-and-citadel-have-reportedly-held-deal-talks-2019-10?r=US&IR=T](https://www.businessinsider.com.au/blackstone-and-citadel-have-reportedly-held-deal-talks-2019-10?r=US&IR=T) + +**Fuck. Off.** + +**TL:DR - The strawman at Glacier, whom has a Residential Office but has a 48% owner in the former Global CFO of EY Norbet Raymond Becker, who sits on the Board and is Vice Chairman of Lombard International Group, whose funds are managed by Blackstone, whom have been looking to merge with Citadel going back to 2019.** + +Edit: Adding the screenshot for the Public Record of Beneficial Owners of Glacier Capital, which ties them to LIA, which ties them to Blackstone Tactical Operations, which ties to Citadel.[https://imgur.com/i9lTtDc](https://imgur.com/i9lTtDc) + +Edit2: Do not confuse BlackRock (who are long on GME and are listed as an institutional investor in GME) to Blackstone, the company listed above. Have a read of this 2018 article. To help remember, Blackstone = BS = Wanted to merge with Citadel in 2019. https://www.economist.com/business/2018/01/13/blackrock-v-blackstone +A few weeks ago [I posted about quitting my job](https://www.reddit.com/r/AusFinance/comments/mbyymh/i_quit_my_cushy_office_job/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf). I thought some people here might enjoy an update. + +I quit for my own mental health reasons and was only able to scrape together 3 months worth of emergency savings before quitting. Some people thought this was a risky move and that was a fair call. + +I’ve only been out of work for 2 weeks, I had been working on a [business plan](https://bughuntersam.com/bughuntersam-weekly-update/) and will work towards online workshops because I enjoy teaching and have some decent tech skills. + +Next week I’m starting a 6 month contract on a awesome day rate, I’ve had to incorporate to accept the contract so bughuntersam is now a fully legit business. Let's just say it's a little more than my last contracted day rate of $650 per day. I've worked in tech for 10 years and specialise in software testing. I help teams find bugs in their software, hence the bug hunter branding. + +As I thought I’d be out of work for some time, [I reduced my living expenses](https://bughuntersam.com/i-quit-my-job-budget/) down to their bare minimum. + +I’ve moved this week too. My old rent was $460 per week for a 2 bedder in North Sydney, my new place is $380 per week for a 2 bedder in inner west Sydney. I’m splitting it 50/50 with my housemate (so I’ll be paying $190 per week which is awesome for Sydney), it’s within 6km of the city, close to a train station, is larger and lighter than my old apartment and just generally better. I used [this spreadsheet](https://docs.google.com/spreadsheets/d/11pNsa_RF4wxlXykbuNYSvG-xEOj8sk_lv1lVT8KJqDg/edit?usp=sharing) to manage inspections and to help find a place this cheap. + +I had [this photo shoot](https://photos.app.goo.gl/Kf9janGsBjVzbPn97) done of my old place because I was proud of how I furnished it all with second hand furniture. It cost me less than 4K to furnish that place buying almost everything needed for an apartment. + +But now that I’ve reduced my expenses and I’m starting work again, I could now pay off the rest of my personal loan in less than 3 months. I have 14k left to pay off. That debt was [35k at its peak](https://bughuntersam.com/my-credit-card-addiction/). + +Once the loan is paid off. I’ll be building that emergency savings up to 6 months. If I’m still contracting by then I’ll maximise first home savers via super (I currently have an extra 12k in there for it, so contributing up to another 18k to take me up to 30k). + +I know this is purely self promotional, but I felt like celebrating with you all. I hope some people here find this useful. + +EDIT: reworded the rental breakdown to make it easier to read +Original post here: https://np.reddit.com/r/ethtrader/comments/6c673h/thank_you_to_everyone_eth_has_given_me_the_money/ + +He submits a very heartfelt sob story about his father being sent to the ER, and with the family's poor insurance, /u/sharpshaaman would be able to help since he threw all his money into 100 ETH a few months ago (originally $1100, this morning ~$11,240. He was so happy about the payoff he: + +> I told my mom for the first time about the extra funds I had and the relief I saw on her face was completely worth the dumb gamble I made without doing any research + +**Only problem is his mom supposedly [died ~8 months ago](https://np.reddit.com/r/personalfinance/comments/52ii32/college_student_and_i_need_to_turn_1600_into_4500/).** Does this sob story sound familiar? + +>I want to say thanks first of all if you're reading this, it's been a real rough couple of months. I'm 18 and just started college for Mechanical Engineering, my mother managed to pay my first semester of tuition, $4500, but she recently passed. My dad took ownership of the house, put it up for sale and moved to Seattle. I work at Dominos and working as much as I can am able to make about $600 a month, my rent is $700/month and that's not including gas or my food expense (I don't have a meal plan). As for my assets, I have a car that I could sell for about $2000 and $1647 in my savings. My phone bill is also $40/month, I have an iPhone 6 that I could sell for maybe $300 as well. I've been trying a lot of things, penny stock investing, attempting to sell out websites (search engine optimization), making an app, I'm even desperately trying to make a booty page on Instagram to get a bunch of followers and advertise other people's accounts (Dumb but whatever it takes, I dont really care). I've seen a little bit of success in the stock market by day trading penny stock through ustocktrade, however I don't currently have the knowledge and therefore the confidence to risk all my assets on unpredictable over the counter stocks. And advice is appreciated, as much as I hate my position I'm excited to see how it all turns out. + +8 days before that post, [another sob story about his friend throwing his wallet into a lake and having no cash and no gas in his tank](https://np.reddit.com/r/personalfinance/comments/514wfi/stranded_with_35_in_my_paypal_what_can_i_do/). + +Here's a lovely post about [shoplifting 2 Fitbits from a Kohl's and a Walmart](https://np.reddit.com/r/Shoplifting/comments/5er9ac/fitbit_haul/). + +And a final one from 7 days ago (same father to ER story) where he was [locked out of his car and left his credit card at the hospital](https://np.reddit.com/r/MGTOW/comments/6awxma/always_pay_it_forward_to_your_fellow_men/). + +He also has some very interesting anti-feminist and anti-women comments in his history. + +I love the generosity of this sub, but I hate to see its users taken advantage of. Anyone who has frequented the daily discussion thread the past few days knows that, after the creation of the tip jar bot, we've seen a bit of an explosion of "please tip me" or other kinds of comments. Yes, each tip is a small amount of money, but posts like /u/sharpshaaman's, when they really get mainstream, have the potential of yielding substantial amounts of money. I mean hell the top comment is from a Kraken employee offering him a *real-world* internship. I'm sure /u/kraken-colin would love to know about his shoplifting history before offering the internship. + +It sounds like this guy probably is a broke college student who's trying multiple avenues of scrounging up as much cash as he can in as short a time period as possible to get rich quick, whether that means shoplifting or posting sob stories on /r/ethtrader, /r/personalfinance, or /r/MGTOW (basically /r/MensRights, anti-feminist). In the grand scheme of things, a $5 donation isn't going to break the bank. But please be sure about the reason you're donating so this sub doesn't turn into people abusing the tip bot for extra cash. + +Edit: wording +Hi everyone, a econ major here. I'd like to share a little reflection I have been developing the last weeks + +As I take deeper courses of macro and micro I see a trend in the way that economics are taught around the world. We start from hiper-simplified models with assumptions that don't resemble reality to make these conceptual frameworks easier to learn right? Then as you take more advanced courses we incorporate more variables to the models with mathematical tools so they can be more exact. + +Why does this happens? Because econ is a social science and we can't have the degree of accuracy that natural sciences like physics, why? because our subject of study (humans) and the related variables can't be controlled or tested. (I guess you'll all agree with this) + +Now, I think in the academia and the people in high positions of economic policymaking there's a confirmation bias in terms of confronting our models with reality. Every time that a major crisis occurs there's a heavy review in the mainstream economics theories that dominated the field. This seems to be a natural issue in the history of any science as when something is proven false we should move towards other foundations, but of course it's quite hard in our field as we can't "prove" statements as other sciences do. + +I feel like there's a strong confirmation bias among influential economists as we try to make the reality more like the model and not the opposite (which is what you would expect in other science). + +If you agree with the last statement then what are the causes? I will try to propose one: + + +It's a very well known fact that many of the students that enter graduate programs of econ come from non-economics backgrounds, such as math, physics, statistics, engineering, etc. These people in their backgrounds studied hard science where they have an exact degree of accuracy in predictions and can test the variables that influence the phenomenons. Ofc that isn't the case in econ, but they keep the same mindset. Then you have them in high positions in academia, central banking, international organizations or government and they think they understand situations that we simply can't (and again, that's why there are reviews of mainstream economics every time we have a crisis and why there's this ridiculized conception that economist always fail when predicting anything). + +Finally, if my explanation is correct, what are the political implications of this? I think that it might be that we should move towards higher degrees of economic freedom as the intervention decisions that economists do are made without the proper information and therefore distorsionate market equilibriums. + +What do you think? I'm wrong? why? +Just curious what you may do or not do that leads people to believe you make less than you do. Or maybe spend more than you make. + +My husband is a firefighter, Years ago I was talking to my sister in law about something and somehow my husbands job came up. She thought my husband was like a volunteer firefighter and I was supporting our lifestyle. She’s from a small town and had no idea firefighters were full time jobs. +# Video of Level 2 Data before the halt + +Here is a [video](https://twitter.com/perspective508/status/1508802361380200449?s=20&t=Sb1VoPR74L4mwLdccFHjaQ) of the level 2 data showing how the shorts specifically created a set-up to trigger a halt and thus cause retail to be unable to trade while they manipulated the price through various loopholes. + +# I am not a financial advisor. + +I'm just a weird enginerd with a strong stats background. + +# Some Prediction Analysis Background + +I've been working on developing a model which essentially explains why we see specific values at what they are, trends, shapes, and other types of stuff. I'll write this up later because it is far more in depth. Effectively, it is a piecewise function that has set "rules" for various share price ranges. It also use "critical" values to determine what the next series of important numbers will be. I've been working on this model for months. The current trading halt that had multiple people seeing their calls in the money only served to provide more confidence that my current model is accurate. + +Given various type of set values, I've identified that are only seen in a specific type of trend, today should have been a considerable gain day. This is further suggested since many calls were in the money during the halt when a share price greater than \~$500 was seen. + +Here is a [tweet](https://twitter.com/pwnwtfbbq/status/1508693942547587073?s=20&t=kyNEMtfTskmj84pfxPhXZw) going over a very general and macro view of part of my current modeling stuff for reference. + +# Yes, RH sucks... + +This is one of a few different screenshots showing calls being in the money. There are more brokers located at the end with the credited source post. + +https://preview.redd.it/tf9l09gn6dq81.png?width=947&format=png&auto=webp&s=1c05dd167982e8d3959576b962f16a6cdb122070 + +[Post Source and Credit](https://www.reddit.com/r/Superstonk/comments/trlcpn/the_510_calls_i_have_been_watching_was_also_in/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# Jan 2021 Fuckening + +What is concerning about this is the exact same situation happened when the buy back button was removed on Jan 28, 2021 where a share price was seen to hit \~$2,600. + +&#x200B; + +https://preview.redd.it/wxtnqnlt6dq81.png?width=1080&format=png&auto=webp&s=159ab5e446c9bdd78d7db6d82a22a9580bcb819f + +# What does this mean? + +Today's trading halt and Jan 2021 buy button removal both executed the same role and function. It prevented all buying pressure, however, HF still trading during these times. This resulted in a very high share price value being dropped to much smaller once trading began. + +The trading halt was the removal of the buy back button. The HF did the same thing in both stations to prevent the same situation of them being fucked. + +# Across the Pond Buy Button Removed + +There have also been multiple reports of the UK platform, Revolut, shutting off the buy button for GME and popcorn. + +https://preview.redd.it/rnr1rq2cmfq81.png?width=946&format=png&auto=webp&s=0671be0ae142dcd09ed12426896162f4eed8d0d1 + +https://preview.redd.it/x521azdlffq81.png?width=840&format=png&auto=webp&s=9e8aa68e2897d36e3434baf96309446817a276bb + +[Source Tweet](https://twitter.com/Scottish_Ape/status/1508895984872534016?s=20&t=nwz01gdHQzNH3RJfLH5lpw) + +# Different Brokers with ITM Calls and Credited Post + +1. This E-Trade [post](https://www.reddit.com/r/Superstonk/comments/tr5xu5/before_halt_300_shares_sold_for_275_etard_pro/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) hit values of $275 +2. This TD Ameritrade [post](https://www.reddit.com/r/GME/comments/tr0u1p/what_the_fuck_just_happened/) hit an ask size ~~values~~ of almost $450,000 + +# Post Edits: + +1. Added a video of the level 2 data before the halt. +2. Formatting +3. Added UK buy button removed snips + +Misc. Sauce and References: + +1. Yahoo [share price data.](https://finance.yahoo.com/quote/GME/history?p=GME) +2. Added quick analysis [Tweet](https://twitter.com/pwnwtfbbq/status/1508693942547587073?s=20&t=kyNEMtfTskmj84pfxPhXZw) +3. Added source credit to screenshot from u/blutsch813 +I see so many people saying to get a financial advisor to consult with for financial advice. From what I've seen though, most financial advisors aren't actually financial advisors in the sense that they give you good advice. Instead they intentionally give you bad advice so they can make a commission instead. I've heard countless stories about how someone went to an advisor at a bank, investment company or similar and got sold annuity products, live insurance or high-fee mutual funds instead. + +Thoughts? + + +***Kai Medical Laboratory, a state-of-the-art diagnostics laboratory in Dallas, TX was acquired by Empower Clinics on October 6, 2020 to further advance the Company's COVID-19 national testing programs for enterprise clients, including movie and television studios, businesses and travel industry*** + +**VANCOUVER BC / ACCESSWIRE / February 18, 2021 /EMPOWER CLINICS INC.** **(CSE:CBDT)(OTCQB:EPWCF)(Frankfurt:8EC)** ("**Empower**" or the "**Company**") an integrated healthcare company serving patients through medical centres, telemedicine platforms, operating a high complexity medical diagnostics laboratory processing thousands of COVID-19 specimens, is pleased to announce our KAI Medical Laboratory ("KAI LAB") has validated that its various COVID-19 PCR test products are able to accurately detect the B.1.1.7 (UK variant) & B.1.351 (South African variant). + +"The Kai Labs motto of *Inspire by Science, Built on Integrity* is displayed so accurately as the team of molecular scientists took it upon themselves to validate our test protocols against pervasive new COVID-19 variants." said Steven McAuley, Chairman & CEO. "Leading with science, continuous improvement and a desire to impact healthcare outcomes elevates Kai Labs to a national and international stage. I expect this to be a competitive advantage as we endeavour to sign new global distribution and sales contracts." + +**World Health Organization (WHO) Chief Scientist Confirms The U.K. Variant and South African Variants Are a Concern** + +Dr. Soumya Swaminathan comments "…scientists have now studied this and have found that these variants do tend to spread faster, they're more transmissible or more infectious. So that's the worrying part." + +**KAI Medical Laboratory Research & Development a key differentiator for the Future** + +The KAI Lab testing protocol tests for parts of the viral genome that is not affected by the mutations in the spike protein the "S' gene. In effect, this ensures the active virus in a patient's RNA genetic sequence can be detected and a correct test result will be provided. + +Dr. Soumya Swaminathan indicates "We know that testing, that identifying those who are infectious, that being able to provide them supportive isolation, tracking and contact tracing, and quarantining all the contacts…All of these things together definitely make a difference in bringing down transmission." + +[https://www.who.int/emergencies/diseases/novel-coronavirus-2019/media-resources/science-in-5/episode-20---covid-19---variants-vaccines](https://pr.report/Doi0uCVB) + +This press release is available on the Empower Clinics Verified Forum on AGORACOM for shareholder discussion, questions and engagement with management [https://agoracom.com/ir/EmpowerClinics](https://pr.report/LpV4HUWO) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +First, as a disclaimer, we aren't day traders here. I am not going to discuss of when to SELL because in theory if you buy an ETF, its because you believe in it long term and you should hold it for the long term. + + +That being said, even if an ETF is great long term buy, i believe there might be times when it might not be ideal to enter the market, and times where it might actually be ideal. + + +Here is my theory so far: If the current price is BELOW the 50 days moving average, its a great time to get in. If the price is far above the 50 days MA, then its likely its currently being over hyped and maybe you should look for something else for now. + + +Now let me clarify: Being above the 50 MA doesn't mean its guarenteed it will go down. It doesn't mean you should sell your shares if you own it. It doesn't mean its always a terrible buy. What it means is, if you hesitate between 2 great ETFs, one is far above the 50MA, and one is far below it, then maybe you should buy the one which is far below. + + + +As a concrete example, ICLN at the beginning of january was far above the 50MA, and i'd have told you to wait. But right now, its very close to the 50MA and i think its a decent buy. + + + +Another example: CXSE was very close to its 50MA at the end of december, it was a great buy. Right now, its super far ahead of the 50MA, it sounds like a risky buy. + + +Disclaimer: I don't advise anybody to buy an ETF only because its below the 50MA. You still need to research the ETF, and only buy the good long term ones. This is only a tool which can help know when to enter the market. + + +Thoughts? Let me know if my theory is completly bogus or any other tips you have of when to enter the market. +Hi everyone, my Wife used to work for a company that she recently resigned from. This company is known for being toxic and having a bad culture. This is a professional level job in IT Sales. She was working for 9 months then decided to quit to pursue a different position and the company she left Finance/Payroll department reached out and said she owes them 56k and to wire it to their company bank account. I checked the emails and the bank account is legit. I went to her payroll manager and added up all the gross pay from her 8 months of paychecks and that totals 56k gross pay. Is this even legal? What should we do here? We replied back and said that this request is a mistake. We have not agreed to any form of payment, so no slip ups there. Also they are asking us to send gross pay rather than net pay which is actually 45k, so this just doesn’t make sense. Any help here is appreciated! + +Edit: There is no repayment clause in the contract. No commission advancement. Just a clearly stated base pay with opportunity to earn on target earnings. Cookie cutter offer letter employment contract that you would see in any other fortune 500 firm. Read every word. +I see a lot of safemoon shills on every subreddit, youtube and Facebook. I just don't want to see more people falling for trash projects like these so please beware. The fake bots will already downvote this thread but I am hoping it will at least reach some actual users in here. + +Here are a few coins that I looked into that are completely scams but are widely being promoted. + +Safemoon, safemars, safegalaxy, elongate, Zepplin dao, ravenX, fox finance, moon pirate, moonrate, hungry bear. Basically any coin which says "they will give you coins for any transaction on the chain and then will burn x% more". + +The idea of naming it "Safe" "moon" should be a good enough of a red flag. Safemoon and these other coins has 1 wallet with more than 50% of the coins. You will see a hoard of fake users/profiles just trying to promote it. These coins have no utility, it is just a ponzi scheme with the entire idea being that people who come in last are gonna be bag holders and everyone below will make a portion of the bagholders investment if you bail out early before the rug pull. These people are trying hard to get you into safemoon etc. because they wanna hoard more money and they don't give a fuck about the people who are gonna be bag holders in the end. + +Do not think that lot of people are buying the coins and you are gonna be missing out on 100x gains, majority of the people posting screen shots or talking about their experience are fake profiles. + +How they try to entice you? + +1. They are going to show their profits +2. They are going to promise exchange listing (Binance, Kucoin, their own exchange) which will never come I promise you. +3. They say they are transparent because they put couple of stooges for some dogshit AMA +4. They come up with some charity cause to make you feel not guilty about being part of a ponzi scheme or play on your good nature in general. +5. They make the coin value be well below 1 dollar like ($0.0000001) so its more enticing to you to get in on, giving you hope that its going to reach 1 dollar someday LOL. + +It's mind blowing how some people play these mental gymnastics with themselves to justify their ponzi scheme. "I made 100x gains", "is it wrong for the little guy to make money", "i will put 50% of profits into legit coins". + +I don't want these shit coins to be the face of crypto for all the new comers. Stop promoting/getting into these scam coins for a quick buck, it is just gonna give crypto space a bad name. + +DYOR. +Bank of Montreal anticipates that as much as 80 per cent of its staff -- or about 36,000 employees -- may adopt new flexible arrangements that blend working from home with going into the office even after the Covid-19 pandemic subsides. + +The virus prompted the bank to make a sweeping reappraisal of workplace policies, according to Mona Malone, chief human resources officer. She said the lender expects that 30 per cent to 80 per cent of employees may continue to work from home at least some of the time. The Toronto-based bank employed about 45,000 people as of Jan. 31. + +“We’ve been able to maintain continuity of banking services with far more people working outside the office than we ever thought possible,” Malone said Monday in an interview. “We thought it was critical that we were in the office to make something happen, and what we’ve proven through this is that’s actually not the case.” + +Chief Executive Officer Darryl White has said “a 2.0 version” of the workplace may include the blended home-and-office arrangements, as big employers worldwide reconfigure offices and routines. Malone said Canadian and U.S. branch employees have “by and large” been going into work during the crisis along with a “small amount” of technology and operations employees, while 95 per cent of those in office towers have been working from home. + +About two-thirds of the firm’s employees are in Canada, while 13,408 are in the U.S. and 1,578 overseas. The post-Covid plan involves more workers at home including “a ton” of employees with hybrid office-and-home roles, and fewer people working solely at company locations, Malone said. + +“It’s a blended approach of thinking about productivity and flexibility and for us not a return to the way it used to be,” she said. “It’s about an evolution in the way that we work.” + +As with many companies worldwide, Covid-19 has already upended much of the workforce of Canada’s fourth-largest bank. For example, call-center agents initially went into offices at the start of the outbreak. Then in the past month, the bank shifted half of its Canadian call-center staff and 80 per cent of its U.S. agents to home offices. + +“That’s not a temporary thing,” Malone said. “We don’t have to think about contact centers as just these geographical hubs, and we can use this remote way of working.” + +The work-from-anywhere trend helps keep employees safe, Malone said. Crowding workers into office towers while dealing with mass transit, elevators and social distancing is “problematic.” She added that the new approach can also present recruitment possibilities. + +“It allows us to look for new talent in locations where maybe we haven’t before, and tap into talent pools across the country,” she said. + +The bank has already seen unexpected benefits in deal-making, as investment bankers use time once spent on commuting to communicate with clients. One investment banker in New York expressed surprise that “doing pitches virtually” has been a success, Malone said. + +“It’s causing this person who’s 25 years an investment banker to rethink what’s possible,” she said. + +https://www.bnnbloomberg.ca/bmo-says-80-of-employees-may-switch-to-blended-home-office-work-1.1431569 +Pre-Covid you would get $70 (tax free) if you donated plasma twice in one week. It takes 2-4 hours the first time and 1-2 hours the second time. 1 hour of this time is spent with a needle in your arm each visit. + +Now you get paid $375 (tax free) to donate the same plasma the same way. + +You get paid on a debit card instantly. + +It feels and looks exactly like donating blood except I did not get lightheaded during and afterwards like I do when donating blood. + +It takes longer than donating blood, the needle was in my arm for 1 hour. + +I was cold for the last 20 minutes (wore a short sleeved shirt and jeans). + +You can play on your phone and listen to earbuds while donating. + +If you have any questions let me know! +No but seriously, how do economist separate inflation from normal price appreciation due to supply/demand equilibrium? Or is all price increase considered inflation no matter the underlying cause? And finally what is the real rate of inflation currently? +I've been investing in the stock market slowly. Since I just started, I'm taking it slow, tend to by 1-5 stocks at any time. I wanted to know how does someone decide when they want to add more stocks? Especially when the value of the stock increases (won't it reduce the average returns?). +Identity Management: Users have a one-time password for the services. Only one password will be used to access the platform but for each service used, there will always be a new password. If the user needs the passwords, they can access them on or off-chain. + +Recurring payments: Users can set recurring payments in regards to peer-to-peer, consumer-to-business and business-to-business. An example is setting the platform to pay $10 to Netflix each month. + +A secure wallet: Users will be able to store both crypto and fiat currency in their hot wallet. The hot wallet will be used for subscription payments. They will also have a cold wallet to store funds and this will also hold their private key. + +Exchange transactions: Users will be able to buy, purchase and store crypto at the best rates in the market. + +Billing adjustments: This allows for the modification of bill payments. + +Low Seller Fees: Monarch will only be charging merchants 2% on their received payments. They are planning to decrease this cost when the network increases so as to remain competitive. + + +To this day, u/3for100specials ["A Castle of Glass"](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) DD's have been the most titty jacking DD's i've read on Superstonk. Mans literally went full Sherlock Holmes on us and sniffed out the GameStop/Loopring connection 8 MONTHS AGO by following breadcrumbs, and coming to a reasonable, well-thought-out conclusion. + +Honestly, his DD's dropped at a time when I was beginning to question the direction of where Gamestop was heading as a company and singlehandedly put me into full zen mode. Everything he laid out for us just made too much sense to not be true and, lo and behold, it was true. + +Sadly, he received a whole lot of unwarranted pushback and criticism, especially from a particular user \*cough cough\* crip toe cached... not to name names. Yet he provided copious amounts of evidence and well-thought-out ideas that lead him to his conclusions, which were ultimately correct. + +On top of receiving hate, he never really got the credit he deserved and I think it's time we show him some love! Thanks, bro, you put my tittie's into a permanently jacked state 8 months ago and yesterday caused them to literally explode. + +Big love! +I've always wanted to write a DD. Now's my chance! Come on in and see wtf is going on because I uncovered a LOOOOOOOT more than I bargained for. + +I did the top two posts today on the FDIC meeting highlights. This meeting was to discuss strategy, but my goal was to learn details about WHO/WHERE was at risk, HOW bad is it, WHAT is being done now, and WHEN will this happen. Not all questions are answered, but I learned a LOT by reading between the lines and cataloguing the slipups they had while discussing the impending market collapse. I honestly thought this was going to be a fairly useless discussion, but it unlocked SO much more than I anticipated. + +If you want to watch the entire thing yourself, here is the [source](http://fdic.windrosemedia.com/index.php?category=Systemic+Resolution+Advisory+Committee) to the FDIC meeting. I skipped to 1 hour 20 minutes, roughly, at the recommendation of another Redditor, to save on time, but I don't believe anything from that period is likely to fundamentally change my thesis here. + +# WHO/WHERE is the risk? + +Let's start this off with the who. A CCP is at risk. + +CCP is a [Central Counterparty Clearing House](https://www.investopedia.com/terms/c/ccph.asp) that manages foreign/European equities. Basically the DTCC for Europe. I cannot tell which CCP is at risk from this meeting, but I found a list of the CCPs in Europe. + +[CCPs in Europe \(there are \~7 more but they're smaller and don't fit my thesis\)](https://preview.redd.it/p8jwviacxv8a1.jpg?width=797&format=pjpg&auto=webp&s=be693ee86a92d6a85fa85a326058bcf77554d80d) + +I highlighted this info as it's relevant to the situation. The NASDAQ is interesting because that's an American company and the FDIC is having involvement in this, implying they could be a strong contender for who's going under. However, there is a German banking industry woman in this group from Europe who is tasked with assisting in some way, but she doesn't speak much. This leads me to believe it could be a German clearing company at risk. + +Now, obviously, the defaulting member is Credit Suisse. We know they're going down. Everyone knows it. Here's a bit confirming that a CCP is indeed going down. They don't expect it to partially come apart. It's going to fully default. + +https://reddit.com/link/zyevfz/video/xppj0ktkzv8a1/player + + **I could not find information regarding who Credit Suisse's clearing corporation is, so if anyone knows that, please let me know. That's a huge piece of information needed in this.** + +The head of financial stability in Europe went on to explain how a CCP can default. + +[CCP default quote](https://reddit.com/link/zyevfz/video/lpqecx16yv8a1/player) + +CCPs face only two major systemic risks: “Counterparty credit risk and operational failure risk.” Waterfall occurs where they use a pre-funded pool, then reduce margin debt on members, then tear up the contracts, making it impossible for them to go bankrupt. But, those contracts are relied upon as hedges for their members, so doing that can cause a cascading default of all members, if they aren’t liquid enough aka they’ve rehypothecated the contract too much. This likely means that Credit Suisse is the defaulting bank and the CCP is at risk of defaulting all other members relying on the existence of Credit Suisse. Credit Suisse is enormous and if they're the #1 bank inside the member org, it won't be possible for the smaller banks to absorb all their losses, causing the contract tearing, and ultimately the default of all members. If the CCP goes down due to everyone going down, that brings a ton of systemic risk to the US, who relies on those parties for international hedging. + +Non-default, operational losses are glossed over in less than 20 seconds after this video ends and goes back to waterfall default possibilities, implying it is the counterparty credit risk. + +The key note here is that a CCP defaulting entirely is extremely challenging. To say that a CCP cannot actually go bankrupt and then to still say that there is discussion of resolving an entire CCP is quite the statement. + +I'm personally surprised that Europe is pushing the US to fix this problem. To me, that implies a LOT more systemic risk is at work here as the whole of Europe either can't or won't fix their own problem. + +# HOW bad is it? + +This is where things get hairy and where my two posts went viral on our subreddit. I counted SO many instances of intense fear keywording that they just gloss over. Keep in mind this meeting is supposed to be under the guise of "possible future threats", but everyone couldn't help but directly mention the imminent threat that is the real reason for this. I'll start it off with the head of the committee (I think he's the head at least) saying this: + +[Profound indeed](https://reddit.com/link/zyevfz/video/gf8ntl49zv8a1/player) + +“This is the one that really stands out as clearly a profound systemic consequence that we’ve arguably made the least progress.” + +And then the US committee saying they are powerless: + +[No power](https://reddit.com/link/zyevfz/video/v8fn8gnj1w8a1/player) + +“We don’t have dedicated loss absorbing resources reserved for CCP context.” + +This is a gamechanger. I never thought about this issue. If an international risk to domestic banks defaults, the US has ZERO authority to bail them out. The rules and regulations for financial stability were all built upon domestic threats to stability, not foreign. They go on to say they would need to change those rules, which can only be done via law passing, which is unlikely to be done in time, but they do seem to want to fast track that possibility. The above Bank of England guy's whole speech is trying to convince the US to bail them out. + +And, of course, my original videos. I've run out of space to post videos so these will be links since I already posted them elsewhere. + +[https://www.reddit.com/r/Superstonk/comments/zy78oo/fdic\_saying\_i\_do\_think\_its\_hard\_to\_get\_a\_lot\_of/](https://www.reddit.com/r/Superstonk/comments/zy78oo/fdic_saying_i_do_think_its_hard_to_get_a_lot_of/) + +"I do think it's hard to get a lot of demand for transparency right now, in this sort of period of peacetime, but that is going to flip and it's going to flip faster than we saw in 2008." + +The first two can be written off as circumstantial on their own and related to saying that if it were to happen, it would be bad. This guy is outright saying it's coming and it's coming hard. + +And then of course, there's my other video + +[https://www.reddit.com/r/Superstonk/comments/zy8rge/fdic\_saying\_you\_dont\_want\_a\_huge\_run\_on\_the/?sort=confidence](https://www.reddit.com/r/Superstonk/comments/zy8rge/fdic_saying_you_dont_want_a_huge_run_on_the/?sort=confidence) + +"You don't want a huge run on the institutions, and, and they're going to be." + +Finally, since I only have one video left, I'll just quote this one: + +“Part of the challenge here is there isn’t a built in strategy \[for multi institution failure\]” No plan was made for this scale of collapse. They were expecting a Lehman moment but are getting a Lehman x2+. + +There is no avoiding it, these people know the disaster is coming and the major issue is that they have ZERO jurisdictional power to do anything about it and it seems like Europe doesn't know how to fix it either. They all want the US to solve this but we don't have the means to supply the resources necessary. + +# WHAT is being done now? + +Lots and lots of transparency, guys. They're gonna come out and tell us outright that we fucked up and we're gonna fix it....... HAAAAH. No. They said transparency a bunch of times in this video but then also said "need to know" after each time. They are covering this up, big time. + +“In my experience, they’re not stabilizing. If you have to make a stabilizing statement, you’re in real trouble. I think part of that means there’s a lot of pre-work that needs to be done so that those statements don’t seem like a reach.” + +“What can be done ahead of time. It’s all going as planned. Hands off the wheel.” Referring to the kind of tactic JPow has been using with the FOMC meetings and the "soft landing". + +Basically, they explain how they intend to make it seem like everything is fine as they lead up to the collapse of Credit Suisse, which is being done now, honestly. We've seen all the articles. Their stock price is still above $3. + +They go on to explain how the FDIC bailout/bailin (I hate the term Bail-In soooooo much. A bail-in is basically forcing people in the defaulting bank to front the money from their own accounts.) fund works, which of course only works for US parties, but that they are already expecting this to occur nationwide, as bankruns have been mentioned multiple times. + +[DIF Fund](https://reddit.com/link/zyevfz/video/idl68dbq4w8a1/player) + +"The DIF is a source of temporary liquidity. Large, prefunded, and backstopped by the US Treasury… The scale of the liquidity available to us in the DIF is, in some ways, greater than the scale of liquidity needed to resolve these big banks.” + +This is where they say the banks will fail due to the bank runs and that their fund is "sort of" bigger than the liquidity needed to bail out a bank. I'm guessing the "sort of" is because of US Treasuries, but that part had me worried. I don't think they have the means to stop this trainwreck and they're intentionally using verbiage to avoid making people think they do. + +# WHEN will this happen? + +In short, it will be “Compressed over a weekend.” This is going to happen on a weekend to ensure complete chaos doesn’t ensue on the open markets. They are looking for alternative solutions that allow them to spread the damage out over time, but expect it to occur over a weekend. + +“In these kinds of compressed time frames, for these scales of institutions, it could be quite difficult.” The question asker leaked that this is going to happen on a compressed time frame. They expect this to happen hard and fast and that no proper due diligence will be possible for the acquiring bank to ensure they aren’t buying something that will put them at risk. Speaking of, one of their strategies is a merger. They say many times there are very few entities that can absorb an institution of this size and probably won't want to. + +That's really all they leaked as far as timelines go. It's going to come on a weekend and it's going to hit hard. It seems like they are keeping other banks in the dark on this as the rep thinks they won't be able to do their DD on the faltering bank. I find that hard to believe. They all know each other. + +[Put\/Call](https://preview.redd.it/dwz8vcra6w8a1.png?width=960&format=png&auto=webp&s=7e54fe67a839486ae2823bbd062970f3650221f0) + +This image is on the [front page right now](https://www.reddit.com/r/Superstonk/comments/zy3usk/can_someone_explain_what_am_i_looking_hereexplain/). It is showing a MAJOR spike in the last half of 2022. Perhaps right around when Credit Suisse started buckling. This, to me, implies the collapse is damn near tomorrow. There was plenty of people in the meeting saying this is coming fast, so I suspect this the "people in the know" buying the collapse. Buckle up people. 2023 is gonna be RED. + +# BONUS GME SPECULATION + +I wish I could post this video, but you'll have to make do with the quote, as it's not as important as the other videos. + +**“If they’re failing, they have some** ***specialized business*** **that they’re involved in and that’s what’s impaired… and that makes preserving franchise value significantly more difficult.”** + +Could this specialized business be a whooooooole lot of GME shorts? When I saw this, it made me think Citadel and their bank were going under, but that was nixed when the CCP slides started. + +This is entirely, and supremely, speculative, but it stood out BIG time when I heard it. It was the only point in the entire meeting that sounded like it could be referencing GME indirectly. + +# CONCLUSION + +I am deeeeeeeeeeeeeply concerned with the immediate future of the markets. I'm talking January or February. This meeting was like watching the next Avenger's movie with how many alarm bells were ringing. The fact that there was so much discussion of there being NO PLAN for this kind of event and no plan to push a bill to gain the regulatory capabilities to solve it makes me think they are stuck and all they can do now is pretend like everything is fine as they handle the crisis moment to moment. + +Meanwhile, I'm zen AF with my GME. + +Feel free to include any other information you found that directly addresses my key headlines or correct my information. This was a doozy to take in and write up. Hope y'all get something out of it. +National Bank in Canada has finally matched the zero-commission deals long available to U.S. investors, putting pressure on competitors to follow suit. + +National Bank Direct Brokerage, a middle-size company on the rise in my annual broker ranking, has eliminated commissions on online trading of Canadian and U.S. stocks and ETFs. There’s no fine print. In any type of NBDB account, registered or non-registered, you can buy and sell stocks and ETFs listed on North American stock exchanges at zero cost and with no minimums. +Five months ago I discovered crypto through Bitcoin's gains. First I bought Litecoin, then I bought Ethereum. I was euphoric seeing my money almost tripple. Then the market corrected but I was fine with it, I am used to it from the stock market. I started trading a bit here and there by buying altcoins, which was unprofitable. +Then the China news hit. Impulsively I sold everything. Albeit at a profit, but only a tenth of what I would've had if I just held on to Ethereum. "Okay, no problem. Beginner mistake." I said. I decided to try and recover my original stack by trading some more, in Bitcoin. I read a book about trading and went for it. Day in and day out I was continuously checking the numbers. I stopped reading other books, I stopped learning, I stopped programming, I stopped doing anything that truly fascinates me. Then yesterday Bitcoin quickly plummeted again, I sold with a marginal profit and instinctively converted everything to Ethereum. + +My heart stopped. + +I saw only half of the Ethereum that I should've received and my money was gone. I assumed I made a typo because the order was completely filled. I thought I fucked up bigtime by selling too cheap. "I'm done with this and will just hold Ethereum." Fortunately it must have been some delay because a minute or two later the correct amount of Ether appeared. Then it dawned on me. "What the fuck am I doing with my time. My life is worthless if I just anxiously watch numbers all day, in order to 'make more money' to afford to keep on watching numbers all day, ad infinitum." Maybe I might make more money in the long run if I'm lucky, but at what cost? Money is only a means to an end. If it consumes you, your life is wasted. It's actually similar to being being wasted. The feeling of elation is very short lasting, and whenever you feel it you got to have more. It gives you a false sense of satisfaction, by not really doing anything; you don't improve yourself as a person. + +I'm not rich nor famous, but now I kind of understand what Jim Carrey meant when he said: “I think everybody should get rich and famous and do everything they ever dreamed of so they can see that it's not the answer.” + +Good luck to all of you. May we all get rich and see it is not the answer. + +Edit: I'm not saying that Bitcoin; trading; speculating; being rich; etc. is bad, but if it is making you less happy and anxious, or if it distracts you from doing things you prefer doing, then it isn't worth it. Especially if you can't handle it or suck at it, like me. Conversely, if those things improve your life, then by all means keep doing what you're doing. +Realty Income I believe is one the best, safest deals right now for you to buy. + +Currently as of Friday's close it is sitting at 55.54 with a 5.36% dividend yield. + +1. Company did not see any downturn much during covid. Solid growth each year. +2. Company restructured itself and got rid of office tenants post-covid. Bolstering position and value. +3. Sitting at 99% occupancy rating for all its properties. +4. Raised its dividend 6.2% recently in the past 6 months which is a huge help during this inflationary stage. +5. 0.6 debt to equity ratio, which has been getting lower, despite covid (Anything below a 1 is usually safe. Below .80 is pretty solid. +6. 2.49 a year dividend payout per share (approx) in October 2020. Now in October 2022, it is 2.93 (approx), a 15% increase in 2 years about. + +Seriously, this company is a steal right now. I don't know if it will continue to drop or not, but if you plan on holding onto it for a considerable time, you are going to reap the benefits, especially if you DRIP. + +Sources: [https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history](https://www.macrotrends.net/stocks/charts/O/realty-income/dividend-yield-history) +As the title states. My mother is an elderly immigrant woman and retired with a monthly income of around $7300 a month. She collects SS + Pension and rental income. The property is paid off and she occupies one unit. She would like to take some equity and purchase another property, or sell and purchase and put a down payment on another property. What's better? If she goes with the latter, would there be a problem since her only income after selling would be the SS + Pension? What do you guys recommend she do? + +&#x200B; + +Sorry for the vague details, I am clueless on RE investing but would like to receive some opinions and help her out. +**Introduction** + +I have been asked to jot down some thoughts on variance by u/gherkinit and u/Criand + +Variance/co-variance/volatility/simple variance/synthetic variance swaps, a year ago I had no idea what these were, over the past 3 months I and others have been diving into this black hole. u/MauerAstronaut has dug as deep on this as I have he is my VOLquant wanna be twin and a good friend, he has already had some post on the subject I highly recommend reading them before reading this. This subject is broad and extremely complex, the more reading the better here, without further delay let me share some thoughts. + +Let me preface by first saying this post may not be for everyone, some of it may be slight speculation based off of actual events and or positions reported. Even though I will go into detail about being "long variance" it is hard to find breadcrumbs of long variance because the portfolio of options to be built as a hedge are in fact sold, or in common terms "short", meaning these positions are usually not reported limiting the evidence left. That being said those that are "short variance" do leave similar hedging breadcrumbs, that is what has led me here. Obligatory "this isn't advice" if you think it is, I feel terribly sorry for you. + +**Brief Breakdown and Effects** + +First thing is first, what is a variance swap? In simple terms it is a bet on volatility. The seller is going to receive a fixed payment called the "fair variance strike as vol" which is a fancy way of saying annualized implied volatility over a period of time (usually 30,60,90 days). The volatility strike is going to be calculated and agreed upon inception, that is going to be the fixed payment that the seller receives upon maturity. The opposite side of the trade is the buyer, the buyer is going to receive "realized variance" payment on maturity, meaning that it is going to get paid based on the volatility realized during the agreed upon period. + +Here is an illustration showing the "*vanilla*" variance trade. Note the word "*vanilla*" not all trades are done this way: + +&#x200B; + +https://preview.redd.it/08ncdf576mx71.jpg?width=892&format=pjpg&auto=webp&s=fe0ceb134c323771924505c7447b6bbb289abd74 + +The above came from this [paper](http://quantlabs.net/academy/download/free_quant_instituitional_books_/[JP%20Morgan]%20Variance%20Swaps.pdf). Now to me this image illustrates a variance trade pretty well, it shows that the Market Maker buys variance as an insurance type play to their short options, then they also sell the replicating portfolio into the market to hedge against the long variance position. Easy peasy right? The buyer, especially when a Market Maker or a Broker Dealer, is pretty shielded here due to their role in the market. They basically get to roll with the tide, at the expense of their counterparty, since the effect of them delta hedging the replicating they sold as a hedge lets them stay flexible: + +&#x200B; + +https://preview.redd.it/lep5uera6mx71.png?width=936&format=png&auto=webp&s=9914d0d28c658fb18e35c0824eef13b06963fc42 + +&#x200B; + +https://preview.redd.it/6k7kyw2c6mx71.png?width=724&format=png&auto=webp&s=202e93311abb15a6e24ba42673da3465a9c3f634 + +What about the seller? The sellers are usually multi-strategy hedge funds whom themselves buy and sell variance on different securities and index(s). Dispersion trading is the name of this practice, it is the practice of going short index variance and long any number of constituent stocks. Or vise versa, like anything of course. This makes a pseudo basket effect, and is thus a CORRELATION TRADE. How many stocks does GME track? Aren't they all volatile? Aren't all the index(s) and ETF(s) they are in ODD to say the least?? Picture perfect dispersion set up. Ironic isn't it...... A quick illustration to help: + +&#x200B; + +https://preview.redd.it/d7w8zygg6mx71.png?width=721&format=png&auto=webp&s=c4a8e795d85f3dcff4e74b72ea4d965d60053107 + +&#x200B; + +https://preview.redd.it/q29uiuwr6mx71.png?width=630&format=png&auto=webp&s=59258fe700b40e11eb39e3e2a7cd17dfb92b4aa2 + +I am not going to go in depth about co-variance swaps/dispersion/correlation trades in this post as it will get rambling like and there just isn't enough room. We are in the process of really breaking this down and trying to model it better. This is just to shed light on the correlation effects we've seen and a reason outside of portfolio swaps, basket shorting, etc that the strong correlation is there. + +**How is this GME related?** + +We ran across this link [SDR Services - CFTC Ticker (dtcc.com)](https://pddata.dtcc.com/gtr/cftc/tracker.do) Which included these: + +&#x200B; + +https://preview.redd.it/sxxz4h6s7mx71.jpg?width=1125&format=pjpg&auto=webp&s=27818c1219e439aa0657708fa284d9c6cf92d820 + +https://preview.redd.it/2s8hbi6s7mx71.jpg?width=1125&format=pjpg&auto=webp&s=c668524a47cb68f51d7bf24c05c49d0ab9b21c38 + +There were more, but I think you get the point, this caught our interest so the next logical thing to do was search "GameStop Variance" that resulted in [GameStop, Variance Swaps, and Related Failures of Hedge Fund Risk Management (northinfo.com)](https://www.northinfo.com/documents/993.pdf) Well that really got me excited so then I went on to learn what this was all about. + +**The Replicating Portfolio** + +After reading [(PDF) More Than You Ever Wanted to Know About Volatility Swaps (researchgate.net)](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps) I learned the the replicating portfolio is quite important in the world of variance swaps. Two main reasons, it is the way a variance swap is priced so the two parties can come to an agreement on "fair variance" as the "variance strike", it also acts as a hedge for the forward contract the actual variance swap is. So what is it? Without getting all "mathy" it is a portfolio of OTM options (both calls and puts) that are used to best capture variance. Here is something to illustrate. + +https://preview.redd.it/h6v0x5gjcmx71.png?width=683&format=png&auto=webp&s=1765a70d37f92910c7681ecd3ed8e8fd191e966e + +This illustrates it pretty well, it highlights the "weights" or number of contracts needed at each strike to build this replicating portfolio of options to price and hedge a swap on an underlying with a spot of about 100. You can always tell where the spot of the underlying is on one of these by identifying where the puts and calls "meet". Here you can tell it is 100 because it is the only strike that it tells you to buy both calls and puts on. *Cool.* Another thing to note is it says European style options, all that means is here in America you hold till maturity. It is needed for correct payoff. + +Looking at this I noted, jeez they put a **lot** of emphasis on that lower strike put in this scenario don't they? That made a lightbulb turn on somewhere, I thought man GME sure does have a strange amount of open interest on lower strike puts like that, it also carries odd open interest in the higher strike ranges on the same expiry. Then I read more papers and I learn that GMEs option chains, especially on monthly expiry's are the perfect situation for someone long variance. So naturally I decided to look at options OI on January 21 2022: + +https://preview.redd.it/43zha5z3fmx71.png?width=1351&format=png&auto=webp&s=38a73b51033e9038c2fc3dff972924754e2640f6 + +https://preview.redd.it/tmamm1z2fmx71.png?width=1358&format=png&auto=webp&s=2f1201a6acd3876e70895b5b0c7ae325b63da797 + +That just seems oddly familiar to the example above doesn't it? Almost textbook how wide this option chain is, and the OI spread across strikes just as the papers recommend. If only I knew what this looked like for GME: + + + +https://preview.redd.it/fxbc9hilfmx71.png?width=266&format=png&auto=webp&s=545792ce7f692f7d181d7ab795672f43fe460ca3 + +This example replicating portfolio of GME was made by me approximately 2 weeks ago, as well as the pictures of the OI was around the same time, so the OI may have moved some, nothing to deter the point its just worth noting. This is for a 90 swap ending Jan 21 2022 it recommends a replicating portfolio, and gives a fair variance as volatility which is used for the "*variance strike*". + +So just to recap, hedge funds sell variance making them short, which in turn requires them to hold a portfolio of long OTM options to hedge the short swap. This should be making lightbulbs turn on, if it doesn't go check Citadel Advisors, Susquehanna, Simplex holdings and see they hold not only puts but calls come back and stare at the replicating above, it will click eventually. If not, never fear u/MauerAstronaut is making a post about the options OI and how it relates to the replicating in more depth soon. + +**Dynamic and Imperfect Hedging** + +Variance swaps require a log contract and would thus need an infinite amount of strikes to be perfectly hedged, without going into all the mathy details this means that narrow strike options chain = **bad** for them. Illustrations: + +https://preview.redd.it/wltipe1wlmx71.png?width=932&format=png&auto=webp&s=eb423c1aa1c2b4cc51d5e97c041f9e091c254ddf + +https://preview.redd.it/n5kqme1wlmx71.png?width=887&format=png&auto=webp&s=2d45b6087888712905c09a3943070fce9531c3a6 + +https://preview.redd.it/gkuqme1wlmx71.png?width=760&format=png&auto=webp&s=9388148709db5389d83e617d5469b89593580b60 + +I will now attempt to explain the above illustration (figure 3) in ape speak as well as one can. + +**A)** Perfect hedge if an infinite number of strikes existed, doesn't exist so its for reference + +**B)** This is what happens when you have a narrow strike range, you are not as hedged because of it. + +**C)** This is when you have more strikes available in a wider range. It mimics the reference one in a) much better. + +More Illustrations: + +&#x200B; + +https://preview.redd.it/oom1m8iymmx71.png?width=938&format=png&auto=webp&s=13c7209e7c94eaf1a71fcf9424ce69f8232dfbc2 + +&#x200B; + +https://preview.redd.it/up0n4269nmx71.png?width=755&format=png&auto=webp&s=47aa301a76363ce3608d3e4cc65d46860bf303ab + +Ok all that just to say that dynamic hedging tail risk is hard without those *really* deep OTM puts. It forces whomever is short the swap to buy more calls to get the exposure needed, which could force the stock upward which is usually not wanted. I will attempt to illustrate this with GME now: + +https://preview.redd.it/yxx3fyovnmx71.png?width=844&format=png&auto=webp&s=e1ef4f5dbcda8fec11bce087bd7476e4af0ced59 + +The above is an illustration I made to try to show what I described above in practice. I chose these historical "as of" dates (gathered from Market Chameleon) because they were the beginning of a snowball tumbling down a mountain that turns into a bigger snowball later. Basically they are the start of any major run up that we have had this year excluding February, it had a very wide options chain yet totally took off. February is an anomaly in many ways so I ignore it. Fuck February. + +If you look you will see that every one of these run ups had a limited chain, comparatively to what GMEs monthly chains look like. After each run up gets started (just like this most recent) the option chain(s) get expanded into more strikes, for several reasons, I just note this to why I picked these dates to capture what they were before expansion. This is key, especially as of the latest run ups, because it forces them to buy more calls for their dynamic hedge vs puts because that's where the vega and IV exposure lies to get their portfolio greeks where they need to be at the close every day since everything is measured close to close. + +To illustrate this I put a theoretical 7 day swap in my model using the 10/29/2021 chain: + +https://preview.redd.it/jh1rz2mcqmx71.png?width=376&format=png&auto=webp&s=3d6d8bc511946b8ebec239914c5479031b6af425 + +**OOF** that's a lot of 2's as well as some weights behind them. As you see from the graphic I posted above it was the same the week after (this week) and you see what has happened. When I made this I needed to confirm my bias even stronger and pull up the OI for the week I just made this and it was: + +&#x200B; + +https://preview.redd.it/c6op0dm9smx71.png?width=1432&format=png&auto=webp&s=cb4036b70a31f3a4a95c9a8d97b6dad99de50d0c + +Note, this was OI before the run up matching the tail risk replicating I modeled. It was pretty clear upward movement was coming. + +**Citadel and Volatility** + +Anyone could do a quick duck duck go containing "Citadel Volatility" scroll through and see, he has been hiring volatility talent for a while. No one more actually. More images: + +&#x200B; + +https://preview.redd.it/j5jqnxgitmx71.png?width=666&format=png&auto=webp&s=0594c6a712d2524870ccec7f38b565654f46c403 + +The timing and the context of this article someone transcribed for me is quite telling. A good dispersion trading strategy is going short credit (fixed income) vol and go long equity vol. So just to be clear Citadel has entities whom systematically short volatility (Citadel Advisors) one whom is buying volatility (Citadel Securities) and also one for credit volatility (Citadel RVFIF) its almost like Citadel is ***built*** around volatility and dispersion trading, hint: it is. They have a history in it, shown [here](https://volquant.medium.com/epic-failures-lessons-from-volatility-funds-blow-ups-6f4226c8334f), and considering how they have expanded into a broad spectrum as pointed out above have learned how to get a grasp on it. + +**Conclusion** + +Variance swaps, or volatility based swaps in general, seem to play a key role in this trade. Considering Citadel's entrenchment with it, it's easy to see to me anyway, how he was cocky enough to take on Melvin's position. Thinking he could hedge it away, internalizing all the risk and profiting off of dispersion trading and systematic variance shorting until everyone got bored and they could get out cheap. + +The problem is growing for them, people have held and bought more, making the risk that got/gets internalized much heavier to carry, meaning they have to release that risk back into the market sometime causing unwanted and unmanageable tail risk to hedge away which can in turn make the problem worse (see this week). DRS is having an affect simply because it basically marks registered shares as insider shares thus removing them circulation making delta hedging (which is daily on replicating portfolios) much harder and more costly. + +This is my short, and probably not only, thoughts on variance. I have had a lot of help from u/turdfurg23, u/sweatysuits, and u/atlasmxz I cannot thank them enough. There have been many others I am sure that I'm forgetting, know ahead of time I'm sorry. Thank you for your time. +I am 24 years old college student and I make $3000 a month on my part time job. I have managed to save around $40,000 in crypto investment so far and I’m planning to keep it as an investment for the next few years. Right now I am planning to buy my dream car which is a Dodge Challenger. I had found a used one for $16000 and I was wondering if it’s a good idea to finance it or should I just buy a cheap car for now. +I am referring to a tweet from @ fuckyouiquit which claims that John Deere could give each of its employees a $20/hr raise and still net 3 billion dollars per year. In the same thread, the claim is made that Apple could give each employee a $140/hr raise and still net $53 billion per year. + + I am wondering if this is remotely accurate, and what would happen if they did give this raise. +Last night I posted a bit of a half asleep cry for help in the daily thread. After a few red days I cashed out about a week ago and my life has been a mess. Driving around the suburb at night with my dog, unsure what I was meant to be doing or where I was meant to be going. Not even a trip to KFC could sort my head out. + +I saw a property online recently, standard half a mil, the entry price for the area I want to move into. I was doing the sums and, at the rate I’m saving, I won’t have a deposit for another 6 years. It feels like just yesterday I was on the precipice of living my life by the pool in my white linen shirt, lambo in the driveway and my wife’s mouth firmly wrapped around someone else’s cock. Now I’m here, counting pennies in my dollarmite account like a fucking 7 year old. + +Is this what years of economic management prioritising the needs of the rich has gotten us? A median house price going from 3x the average wage in my parents lifetime to 8x the average wage today? A life of servitude to a job that affords you mere survival? I’ve had enough. + +I’ve taken all my pretty pennies and I’ve thrown them back into four stocks I trust: BRK, AGE, EXR and PDN. Now, I’ve deleted the commsec app. As of this post, my phone will be snapped in half. I’m out. I don’t want to know. I can’t spend my life staring at the screen, willing the numbers to ignite my future dreams. At some point, I’m going to have to come back. I’m giving myself a month, but if it works for me, I’m staying out. Maybe my stocks blow up? Maybe I die? I don’t care anymore. +Think of the most financially illiterate person you know, now double it and that's me. + +I've been considering getting a credit card and it seems like all the really good ones like HDFC Diners club, Amex, etc. aren't available due to the RBI directive. I'm not really sure what else is out there. + +I was hoping to hear this sub's suggestions. My monthly salary is about 2L (pre-tax). I'm 27 years old, if that matters. + +I'd be using the card for online (Amazon/Flipkart), lifestyle, travel expenses. I'd also prefer something that would work internationally. +From my favourite place, that i've been going to for over 20 years, I remember when they had to raise their prices to $12 for a large (300mm) it was a pretty big deal going up from $10, but they're always been good quality and have never charged for extra's, then at the start of Covid it went up to $15. + +Now for the first time in 40 years they're charging $2 per extra on a large and the owner has said the'd have to go to $17-18 for a pizza otherwise, when they went to $15 that was more than covering those that had extra's, now its just covering a base Pizza for them, it's a massive change for this shop. + +I wish wages were going up by as much as cost of Pizza. +Look, I’m not sticking bananas in my arse (quite literally can hardly afford to buy them for ingesting) but willing to go the extra mile. Yup - I’m straight up fucked in the head and hoping to act as a sacrifice for the betting gods above. If GME moons this week and launches us above $269.420 I’ll legally change my middle name to GameStop - and if we MOASS, then fuck it, “Mucho Gusto! My name is GameStop GameStop GameStop!” + +Let’s get the hype train goin’ babyyyyy!! +I see a lot of people hating on Paul Krugman currently especially regarding the way he expresses his opinion on his blog. People constantly want 90's Krugman back but I don't understand what Krugman is doing wrong right now. What's wrong with expressing your political beliefs and opinions in your blog? I see people on the right like Mankiw and John Cochrane and people on the left like Brad Delong doing the exact same thing, but I feel like they don't get as much pushback compared to Krugman. Is this just not true and I'm just seeing disdain for Krugman because I'm around the wrong people? Or is there something unique in which he presents his political opinions that make him worse than other economic bloggers? +**Please do not take offense to this question. Slavery is morally and ethically abhorrent and I have no intention of downplaying those atrocities.** + +When the US abolished slavery, many industries lost a huge portion of their “workforce.” + +No longer able to accomplish their tasks with enslaved labor, industries would have to pay labor now. + +I would make the speculative assumption that there would also be somewhat of a shortage in labor — as freed slaves would probably want to leave their former plantations/tasks. + +My questions: + +A.) How did these changes in the labor supply affect the pricing of goods? Was there a measurable inflation? + +B.) How did these changes effect the economy as a whole? + +— + +C.) What similarities and differences are there between this scenario and raising the minimum wage? + +D.) As millions of slaves instantaneously went from “property” to citizens, what similarities and differences can be drawn with modern immigration? + +Edit: changed “indentured servants” to “enslaved labor” +I live in Bangladesh and work at a bank. Here, a Bangladeshi citizen is not allowed to spend more than USD 12,000 in a calendar year. For a single online transaction, it can't be more than USD 300 unless for 7 or so specific criteria such as visa fees, hotel booking, air ticket purchase etc. You can send money abroad for studies and for medical treatment but they all have strict criteria. For medical treatment a board of doctors has to certify that the treatment cannot be done in the country for instance among other things. Any money sent outside of this framework is considered money laundering with several years in prison as a punishment. +Having US dollar cash with you is a crime with jail terms as well. However, there is no limit to the amount of money that can be brought into the country, although they do ask for papers for each transactions. + +Recently, the rise in the dollar exchange rate and the power outages everyday due to rising oil prices is blamed on people who have left the country and taken their money with them. Some are people who amassed a lot of wealth and then hid it in Swiss banks, while others are people who simply moved abroad for studies and then eventual settlement. + +Among the society, both among intellectuals, politicians and the general public there is a strong hatred towards people who take money out of the country. Its like "How dare they take out money from the country. Lets jail them and bring back all the money to where it really belongs". + +Now my questions are: + +* What is this ideology called? Where taking money out of the country is considered an evil? + +* What is the term in economics for such economic policy where money is strictly prohibited from going out of the country? + +* Is there an index or ranking of countries based on how strict they control money out of the country? + +* Are these policies economically beneficial for poor countries like Bangladesh? +I followed the steps of this video --> [https://www.youtube.com/watch?v=fd\_emLLzJnk&t=30s&ab\_channel=LearntoInvest-InvestorsGrow](https://www.youtube.com/watch?v=fd_emLLzJnk&t=30s&ab_channel=LearntoInvest-InvestorsGrow) + +&#x200B; + +My DCF Google Sheet --> [https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1q41YhXoloNWEDSnuGX-oDfJrb8RaqDHth4D8Y5LvjSY/edit?usp=sharing) + +&#x200B; + +&#x200B; + +Note numbers are in milions, used 10k and Yahoo Finance data. + +&#x200B; + +I think it might be due using too conservative net margin, FCF/Net income and revenue growth ratios? + +I think It's valuing like 5.8 P/E which is crazy, but considering my conservative estimates forecast a 22 milion in FCF drop, well makes a bit more sense. + +If someone could take a look, please. I don't know accountability and I'm a bit dumb. + +&#x200B; + +Thanks! + +&#x200B; + +PD: I'm playing modifying net income margin to 29% expected, and 89% FCF/Net income to 89%, and revenue growth for 2024 and 2025 at 15%. Still, values me the stock at 48 $. Wtf + +EDIT : I didn't calculate Terminal Value properly, not applying the perpetual growth. Now give value near 60 usd. If using more optimistic numbers, can easily climb to 98 usd, but this doesnt make much sense to me. I'll keep training and doing these, but as some said, too many assumptions. for deciding to buy or not, I'd rather look trend of revenues FCF, income and healthy balance sheet and then learn the business and try to figure out if it can sustain this growth, what company expects, new business opportinitoes or risks. And the consider valuation through multiples vs past. +Just like the title says, I looked at my phone and said I got a payment of $3000 and the note said “don’t spend it all on hookers”.... + +I will gladly not spend it all on hookers, but I am so confused as to who this person is and how I ended up with this money. I think it was an accident, probably typed in the wrong phone number on zelle. Now the question is, what can I do on my end? When I spoke to the bank associate over the phone they said that due to privacy laws they can’t see information on who sent it or how to get in contact with them. + +I don’t wanna go to jail for spending what’s not mine so it’s been sitting in my account for a few days now. But I don’t really want to have funds that’s not mine in my account so.... anyone have advice on what to do in this situation? + +Edit: + +No updates as of yet! (6/28/2020) +The money is still in my bank account.. +I called the bank and they’re telling me I could reverse it on my own but I was told that if I send it back right now it could get messy if the person who sent it find out later they sent it to the wrong place and requests it to be returned, meaning I’ll be out of my own money if they requested it to be returned. +Zelle tells me they can’t tell me any contact info of the sender either. +So I’m stuck here with this money until they realize their mistake. + +Edit 2 for anyone who is still following: +7/16/20 - nobody has claimed it yet, no contact from the bank, nothing. I am going to still keep it in there as BofA has a 180 day policy to request money back. + +Edit 3: 7/23/20 - my bank called me and they told me that the person who had sent it requested it back & asked for my permission to send it back. I agreed, since once again- it’s not my money. +Kind of relieved that this is finally resolved! But kind of annoyed that I had to make another checking account just to move my finances -___- +But hey I feel good. I feel like I did something good. +Edit: Lots of apes are asking for the inputs that I use to generate the version of the indicator depicted below. I’ll drop another post that gives you all the specifics 😘 + +It may not be the MOASS but the ***Game of Stonks*** is about to blow the fuck UP!!! + +How do I know this... Well, let me introduce you apes to a little indicator that has done me well in the past... **CRSI** + +**For the smooth ones:** CRSI is a technical analysis indicator created by Larry Connors that is actually a composite of three separate components. The Relative Strength Index (RSI), developed by J. Welles Wilder, plays an integral role in Connors RSI. In fact, Wilder's RSI is used in two of the indicator's three components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions. + +***Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.*** + +Source: [https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/](https://www.tradingview.com/support/solutions/43000502017-connors-rsi-crsi/) + +If you leverage the RSI indicator in your TA then you're basically familiar with the CRSI but there is a catch... The CRSI is a leading indicator which makes it useful in recognizing moves before they happen, which can be beneficial at times... + +Anyway... I use this indicator on the 1D chart and have been for sometime now. I wanted to show you apes something. Something that has my tits jacked beyond the typical state of jacked tits. You ready? + +[Red = Suppression \/ Green = Run](https://preview.redd.it/lkjvrx5rzg871.png?width=349&format=png&auto=webp&s=f0e25126d36c040edc003ad70ba6b5e200f4f830) + +&#x200B; + +Why is this important? Well, when I look at this I see manipulation. We all know what was happening around this time and the CRSI was showing how hard the hedgies were keeping the stonk down before the March run up... Literally 18 straight days of price suppression and then — **KABOOM**! + +Fast forward to today... I started to notice something... The CRSI was floored again, just like it was in February but I needed more data to confirm, so I waited... And guess what you beautiful motherfuckers — **WE'RE HERE AGAIN!!** + +&#x200B; + +[June suppression @ 14 days and counting 🚀 ](https://preview.redd.it/sib3w3rqyg871.png?width=432&format=png&auto=webp&s=b12b7cd30fa52c2d3da2dba67ff3d7cb834ff444) + +☠️ KENNY'S FLAT LINING AGAIN ☠️ + +Historically, we've seen explosive price action after such a period of the stonk being oversold... I don't know how much longer they have until the next run up, **BUT IT AIN'T MUCH LONGER!** + +&#x200B; + +# TLDR; The stonk is oversold at levels we haven't seen since the March run up, which suggests that there's going to be a significant price movement toward the upside sooner than later. + +# TITS JACKED • NO DATES • BUY • HOLD • BUCKLE UP 🚀💎✊ + +Clearly, not financial advice... +I'm 38 with $7.5m net worth. Married, no kids. Goal is $10m. My wife and I are both in tech, and she recently retired this year. As we get closer to the goal, I'm considering my own ability to FIRE. I'm growing concerned that I actually can't do it, and it's not about money. + +I fully agree with the notion that you *need* something to FIRE to, and unfortunately this is what I lack due to my condition. I was recently diagnosed with high-functioning autism (aka Aspergers). My condition expresses itself in many forms, but the relevant part is that I find 99.9% of things absolutely dull and uninteresting. There are only a handful of activities that I can actually get into, and when I do they quickly become unhealthy obsessions rather than hobbies. I'm fortunate that I find my job interesting, and I credit my condition for allowing me to grind hard and long enough to get to where we are. My fear is that leaving the workforce would boith mean losing one of a few interests I have left, and leaving the stability of an enforced cadence for my life. + +I'm reaching out to this community to see if there's anyone else out there in a similar position. If you have a similar condition and you're on the FIRE track, or you've been FIRED, how are you dealing with this issue? + +--------------------- + +Edit: I just wanted to thank everyone for joining in on the conversation and helping myself and others who will read this in the future. You've given me a lot to think about. +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +In this chart VOO and VTI are the lines below while VUG and VONG are the lines above. I have shares in each ETF. I'm wondering why VOO and VTI seem to be considerably more popular in discussions. + +Thank you. + +https://preview.redd.it/s5jvr1pkpfg81.jpg?width=1048&format=pjpg&auto=webp&s=ee22bb8217498cb3ff859cac45c4fca1745c0b13 +Been seeing a lot of users posting DD on Alibaba and making a bullish case for it. Seems like the massive drop in share price now should be a fantastic opportunity to pick up the Amazon of China at only a forward P/E of 18 right? Not exactly. + +This has been posted before in less detail, but I think it's important to remind investors of the current circumstances arising during the anti-trust probe with China. + +The reason why BABA is nose-diving on any extra news of government involvement is that BABA represents ownership of a shell company in the cayman islands, not actually Alibaba itself. The shell company doesn't even have ownership of Alibaba's equity. If you want proof of this, simply open up any of their financial statements filed with the SEC. + +Chinese law forbids foreigners from owning strategic assets in the country, and Alibaba wouldn’t be able to keep its licenses if, say, a U.S. hedge fund directly bought into the company. Basically, the Alibaba stock will buy you a stake in a Cayman Islands-registered entity that is under contract to receive the profit from Alibaba's Chinese assets but will not actually own them. This structure is called a VIE. + +So think about this, if Chinese laws prohibit foreigners from owning/investing in these kinds of assets in China, what would protect the shell company in the Caymans from enforcing their contract to receive profits from Alibaba if shit hit the fan with the CCP? If Alibaba gets broken up during anti-trust probes, how do we know which subsidiaries BABA ( the shell company in the caymans) will be contractually obligated to receive profits from? Heck, is this contract to receive profits even enforceable in China, where the law clearly states foreigners can't own strategic investments? + +Is this VIE structure even legal in China? Beijing has never acknowledged the legality. According to Harris Bricken, an international law firm: + +" VIEs are illegal. We disagree with those who are saying that what is proposed is a two tier, foreign/Chinese system. " + +We don't know the true answers to the above questions. BABA could easily be worth 0$ if investors one day decide that the "contract" to receive profits from Alibaba is basically BS. + +Alibaba and Chinese executives come out a winner either way. Alibaba was able to raise billions from foreign investors without giving up a single bit of ownership. + +Oh, by the way, all Chinese listed companies on US exchanges are listed as Cayman shell companies, this isn't specific to Alibaba. Baidu and JD are set up the same way. + +EDITS: + +1. Since many of you are asking, yes NIO is also set up this way. When I said all Chinese companies are listed this way, I literally mean 100%. +2. I don't know why so many high-profile investors still buy these ADR's. My favourite value investor, Bill Miller, also holds a huge position in BABA. I guess you're either in the camp that believes China won't enforce their own laws on foreign ownership so BABA's VIE is undervalued, or that one day they will and so the intrinsic value of BABA's VIE is 0$ because profits can never legally flow to foreign investors. +3. The SEC just last month in a report published in November expressed serious concerns: "These China-based Issuer VIE structures pose risks to U.S. investors that are not present in other organizational structures. For example, exerting control through contractual arrangements may be less effective than direct equity ownership, and a company may incur substantial costs to enforce the terms of the arrangements, including those relating to the distribution of funds among the entities. Further, the Chinese government could determine that the agreements establishing the VIE structure do not comply with Chinese law and regulations, including those related to restrictions on foreign ownership, which could subject a China-based Issuer to penalties, revocation of business and operating licenses, or forfeiture of ownership interests. " Source: [https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers](https://www.sec.gov/corpfin/disclosure-considerations-china-based-issuers) +4. After some further research, Mainland Chinese companies listed on the HKE are also VIE's and considered "offshore". Here is what the org structure looks like: [https://cdn.i-scmp.com/sites/default/files/d8/images/methode/2020/12/21/7b58a856-4294-11eb-be63-b2d34bb06b66\_972x\_163317.jpg](https://cdn.i-scmp.com/sites/default/files/d8/images/methode/2020/12/21/7b58a856-4294-11eb-be63-b2d34bb06b66_972x_163317.jpg) +Since the birth of Superstonk 16 months ago, not 1 single MSM outlet has spoken about us. +Never has there been a mention of an online community with 800k+ individual investors scattered across the globe, who’s one and only focus is GME. That in itself should be a huge story, the very fact we have grown so big is unprecedented. + +More than 180k indivual investors have DRS’d more than half of the free float, another feat that has never been achieved before. Yet once again, we’re met with crickets. + + +The very fact they have completely ignored us and don’t want to draw attention to what’s happening speaks louder than anything that we’re winning. It’s a classic example of trying to prevent the Streisand effect. They saw what happened when MSM reported on the sneeze, it triggered a massive FOMO wave. + +This is the Revolution, and as Gil Scott-Heron sang, it will not be televised. + +Keep buy’n, keep DRS’n 🚀🚀🚀🚀 +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 2048 days +Hi + +My wife and I are about to get a nice payoff from a small company we invested in (\~1.5M after tax). We are in our early 50s with two kids and their colleges already paid for. We have a nice nest egg (\~5M in various stocks). + +I grew up poor and my father worked his ass off and was always petrified of debt. I inherited some of this from him and as we near retirement I think about this alot. The only debt we have is our mortgage with a very good interest rate. Payoff on the mortgage is about $800K, value of the house is likely $1.6-1.8M. + +We expect to stay in our home forever. I realize the best financial decision is likely to take the money and invest it but my mind keeps telling me how nice it would be to not have a mortgage. Thoughts? +# Greetings Traders ! + +As always DYOR & NFA + +**$DARA** is the token of the Immutable project - A token built for decentralized storage, product incubation, and building a decentralized governance protecting the ecosystem around it. + + +The Team is fully Doxxed also got some Big Advisor as Zheng "Bruce" Li Co-Founder of NKN & Chris Co-Founder of CR !! + +&#x200B; + +📈 **General Info** + + + 🔥 NO TAX!!! yep no Tax but i suggest to use a 0,1%-0,5% slippage! + + ✔️ Total Supply 42,000,000 + + ✔️ 24h Volume 543K + + ✔️ LP \~260K + + ✔️ \~2300 Holders + +&#x200B; + +💰 **The Potential** + + + 💎 Angel Investor Bruce Li (Co-Founder & CEO of NKN Top 200 Token) + + 🚀 CG & CMC Listed + Bilaxy & 1 Inch more to come!! + + 🚀 FileCoin current marketcap is $6B. That gives us a price target of $150! + + 🚀 FileCoin ATH mcap was $21B That gives $DARA a +$450 Range!!!! + + 💎 MVP Product launching in the next Weeks + + 💎 Big Use Case read below + + 💎 Partners with V Systems & NKNx + + + 🌐 **The Team & Advisors / Partnerships** + +**Main Team** + +* Gigamesh - Well connected Crypto Journalist +* Icewave - Development Team +* Christian Busch - Creative Director +* BGNLouie - Project Director + +**Advisors** + +* Zheng "Bruce" Li - Co-Founder & CEO of NKN +* Chris Charles - Co-Founder of CR + +**PartnerShip** + +* Sunny King & V Systems - the inventor of Proof of Stake +"Single most Original Altcoin Developer" by **Vitalik** + + + 🔥 **What $DARA has** + + +1. Immediate utility - 99% of crypto projects (even the ones in top 50) have fancy whitepapers and roadmaps but their usecases wont come to fruition for years, if at all. DARA is getting ready to onboard 100s of thousands of journalists and bloggers. +2. Multiple usecases and adoption- Two usescases already being built out, more discussions on the way. +3. Legit Tokenomics and CEX potential - no tax, no burn, no funneling of your funds to random marketing wallets; eligible to be listed on CEX like Binance. With advisers like Bruce, Sunny King, this is bound to happen sooner rather than later. If it takes a year to get onto likes of Binance, DARA can make it probably in half the time. +4. Partnership with Sunny King & V Systems - the inventor of Proof of Stake, "single most original altcoin developer" by Vitalik + + +📋 **Usecase/Tech** + + +* Under the hood, FileCoin uses IPFS. +The way we ($DARA / Immutable DAO) are built, we provide decentralized storage (similar to filecoin) but we are not married or hardcoded to ipfs. +When a better tech comes along, we can move from ipfs to something better. +Something Filecoin can't easily do. +* Decentralized storage - our first usecase is creating a decentralized wiki/journalism/blogging platform like Medium. +But imagine articles can never be censored. +Never be taken down. Never be tampered with. +They get stored in blockchain along with proof of ownership/copyright!!!!! +This is just the first application of our tech. We’re gonna have more usecases and applications as time goes on. This is just day#1 + +**⏰ Timeline** + + +* Well, honestly, a lot depends on overall crypto market sentiment. Let's use Bitcoin as a proxy for market sentiment. So, when Bitcoin is crossing $60K, we'll be making new ATH records. When Bitcoin is crossing $100k+, we should be getting closer to our target range too. + + +**My Personal Statement:** + +Of all the BSC Tokens out there this is no Shitcoin!!!!! +Take your Time and do your own research and you will see how Big this is ! + + +NFA&DYOR + +TG = [https://t.me/theimmutabledao](https://t.me/theimmutabledao) + +Website = [https://dara.global/](https://dara.global/) + +Contract = 0x0255af6c9f86F6B0543357baCefA262A2664f80F +Dad made great money growing up, until I was 12. Then he was unemployed for a while, but mom wanted to continue living in the $2300/month home and buy stuff, and dad was/is an alcoholic and a heavy smoker (he's quit smoking now, yay!) So a lot of money was just being wasted. + +They are now in a cheaper home, but dad is the only one who works (mom can't due to physical limitations) and he works as a salesman. He brings home around $30k. + +I just got a job that pays $44k/year + bonuses and overtime. I can bump that to $50k with working more and harder, which I don't mind doing. When all is said and done, including the measly 3% I have going to my 401k, I'm left with about $900. I try to put $450 into savings, and use the remaining $450 towards debt (car note and student loans, in addition to the monthly payments, namely). + +Dad's health is declining due to a bad COVID pneumonia case. He's been battling it for 3 weeks. Mom is concerned he'll need to go on disability and won't be able to work. That puts them in a pretty bad spot, obviously. + +I gave them my car a few years ago after they filed for bankruptcy, and I took another car loan out in my name to facilitate them having my first one and myself having a second. My name is on both; they pay me monthly for that payment, which is good. However, I'm starting to think that I may need to pay that, as well as the student loans they have for me (parent plus). That'll knock $350 off the $900 I have left over, leaving me with $550. + +My issue is that I want to break this cycle and set myself up for financial freedom, and taking on their debts in addition to my living expenses and debts will not really allow me to do so. I'm considering going back to grad school to get a higher paying job to facilitate helping them more. + +I am planning on moving to an apartment with 3 other people to knock my rent down $300, which will help. + +I feel financially responsible for them at 23, and I'm scared I won't be able to do enough. I need help setting boundaries and understanding what limits are okay. + +Tl;dr: I have older parents. Dad works, mom doesn't, I bring home more than dad does and I feel like I need to give them more. I'm cutting down on my expenses to be able to facilitate more giving. The issue is that by doing so, I lose out on my own financial freedom. When is it okay to draw the line? Is it okay? Should I be giving them all of my excess income since they're older? + +Edit: Thank you to all who have contributed to the discussion so far, and thank you for the hugs & gold! Y'all are awesome. + +Edit: Also, small thing, I am a female/daughter, she/her. Haha. + +Edit: WOW. I fell asleep at around 3:30am, and it's now 8am and there are close to 100 more replies. THANK YOU ALL for taking time out of your days/nights to reply to myself and others. I will read & reply to these as I can throughout the day, and wish y'all the happiest Thanksgiving! + +**EDIT: I'm seeing a lot of themes here, so I'll try and update the post as it develops on my side.** I talked with my mother about she/my father going on disability this morning. She said the lawyer fees to do so would total around 10k and that they couldn't do it. I'm not sure about any of that, and didn't press further because she got annoyed that I even asked, and said her "knee functions fine." She doesn't like me asking questions about their financial situation, even though I feel like if I'm gonna help, I have a right to know. I also want to add that they are no longer in the $2300/month house, but stayed far longer than they should have. My mom wanted to keep it because it was her "reward" for staying home and raising me while my dad worked. + +In response to the car payments: cumulatively, the car loans are $373, which isn't too bad! I saved up and put a lot down on both, which may or may not have been a good decision. Theirs is a Ford (bad decision), while mine is a Toyota (good decision). + +Student loans: my payment is $289, theirs will be around $190-$250. Unsure of that amount, as I just graduated in May and they haven't found out yet. + +**EDIT: Many questions regarding why my mother doesn't work, which is totally fair! Here is my take.** + +I think it's either a lot of pride or a lot of shame on her part. She doesn't want to accept help, and I'll never really know if it's because she truly doesn't think we need it, or if she's too embarrassed to take it. I've been trying to figure my mom out for years, and I still have no clue, lol. + +Many comments here make me doubt all of the things she's told me as far as why they can't do stuff. As for why she can't work, it's "the dogs," or "my knee" or "I've lost teeth, no one will hire me if I can't even smile." (She is very self conscious there). + +Then I offer to help and it's "my knee is fine, but I haven't been in the workforce for so long, I won't get hired." I've offered to pay for their local community college classes to help her ease back into it, and that was a no due to not being in school for years and also, the dogs. + +It definitely feels like I'm hitting a wall with her every time, but I think it's a mix of pride and shame and that's something I can't force her to work through. + +**Final Edit** +I am still trying to read through everyone's wonderful, informative, thoughtful responses. Huge, huge thank you to everyone who contributed and messaged me personally! This was SO helpful, and if someone's ever in a similar position (like many of you!), they'll be able to refer to this post. Y'all have helped so many people. + +Thank you, thank you, thank you. I wish everyone the happiest, safest Thanksgiving! +From [today’s filing](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001326380/000132638021000090/gme-20210731.htm)! + +Doesn’t get more blatant than this. GME have to report every risk to their public investors, and ongoing failure to cover short positions — which they are clearly aware of — continues to be publicly reported as of today. + +GME know far more about the state of their stock ownership than we do. The fact this continues to be reported is bullish AF. + +Buy. Hodl. Stay zen. Be good. Don’t forget to call your mother. We all know what to do by now! 🙏🏻 +I just recently put all my savings into ETFs (ARKK, QQQM, QQQJ, VGT and VTI). i did this 2-3 days ago and now everything is red!!! i already lost $1000!!! + +im definitely panicking and not sure if i should just leave everything alone or remove it all at once +**Update:** There are 5 edits in this post with updated or corrected information. Please go through them if you have missed something. I am NOT expecting this post to be edited in future. Thank You all for the updates, correction and participation. + +Recently, I was searching for Health Insurance plans for my parents (both 55+) for ₹10-lakh Sum Assured (SA). I stumbled upon [this excellent post](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/?utm_source=share&utm_medium=web2x&context=3) by u/sdhaja and used it as my initial template. Because that post was a year ago, I want to collate /update /reiterate the information. My post will be long and some advice will be repeated but I am hoping for your comments, corrections and personal experiences, if possible. + +**Basics** + +* "Health Insurance" section of Sub wiki i.e. [Insurance](https://www.reddit.com/r/IndiaInvestments/wiki/insurance) is woefully inadequate and old. However, it covers the basics. Before diving deep into the subject, understanding of basic terms is essential. +* Personally, I found [this PDF](https://www.finvin.in/health-insurance-simplified-download-e-book/) a decent read. Suggested by u/random_desi_guy in [this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9f2vke) + +I decided on following points – + +* Family Floater Plan – Because both are in similar risk profile. + +* No Co-Pay + +* No Room Rent Limit (sub-limit) + +With these minimal conditions, both **CoverFox** and **BankBazaar** effectively bound me to choose between HDFC Ergo and MaxBupa. + +* Care & Birla were out because of "Single Private AC" on Room limit and 4Y for pre-existing conditions + +**Edit 3:** I want to clarify here that "Single Private AC" and 4Y for pre-existing conditions are NOT bad, as such. But, in same class, HDFC and Max are providing ALL Rooms and 3Y for pre-existing. + +* My notes are missing the reason for exclusion of Royal Sundaram but I guess, it was probably its premium and Hospital coverage in my area. + +* ICICI Lombard – Both Coverfox and BankBazaar does not offer any product from ICICI. Its premium (on its website) turned out to be costly. See Below for details. + +**"HDFC Ergo Optima Restore" vs. "Max Bupa Health ReAssure"** + +* Premium – HDFC premium is much higher than Max. For my parents, HDFC Yearly premium was **46%** higher than Max Bupa (Yes, it is NOT a typo). + +* Pre-existing diseases - Both cover them after 3Y + +* Both provide no-claim bonus of 50% for 2Y i.e. 100% cumulative and both deduct it by 50% after claim. (sidenote: Max Health Companion plan will NOT reduce it after claim. However, it charges higher premium) + +* Hospital Coverage – HDFC has much wider coverage compared to Max. + +* Reviews – HDFC has better reviews than MaxBupa about their claim settlement process. + +* ~~Decision – HDFC (Higher premium but better chance of support.)~~ + +* **Edit 5: Decision –** I have purchased Max Bupa despite their bad reviews. Originally, my Parents mistakenly identified a key hospital unavailable with Max. However, it was available in its network. With this change, the difference in premium between Max and HDFC became too much to handle. + +* Originally, I was going with 5-lakh SA with Super Top-Up. But, after more consideration about the total cost and headache involved for the parents, I decided to increase SA to 10-lakh without Super Top-Up. See Below for details. + +* "Critical Illness Rider" is supposed to open to interpretation by the company, so I decided against it for now. + + +**Coverfox**: + +Coverfox sales person was good and tried to find out actual answers if required. However, Coverfox site has not been updated with latest plan (MaxBupa Health ReAssure) due to Covid-19. Further, their site also does not show correct list of hospital coverage. Personally, this was a deal breaker. If they can't be bothered to update their product listing, I am doubtful of their claim about great support during claim settlement process. + +**BankBazaar**: + +* BankBazaar site is good but their salesperson kept giving me misleading or inaccurate information. + +* He told me that if I buy the policy from them using Credit Card, they will give me 0% interest rate on EMI and that offer was available only for that day. + +~~I checked, the policy site itself is offering same reward even today.~~ + +**Edit 4:** The website of insurance company didn't offer 0%EMI on credit card, so I bought my policy with Policybazaar. They gave me discount on total premium. Thus, although bank will charge EMI interest on my card, effectively I am NOT paying anything extra. + +**Others**: + +* InsuranceDekho does not have good plans or enough plans + +* Myinsuranceclub was so bad that after 30min, I was not able to see any plans on the site + +* PolicyX – See [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/-/ga231fw) + +**Claim Settlement Ratio**: + +The document to check this is called "NL25". Every Insurance provider has this uploaded on their site. Although, this is cumulative information for all their policies but still it provides a base to compare. + +**ICICI Lombard**: + +As stated above, it is not a partner to either Coverfox or BankBazaar. Its premium was higher than even HDFC. However, it also offers coverage of pre-existing diseases after 2Y (compared to 3Y by HDFC). (As stated by both Coverfox and BankBazaar) Problem with ICICI is that when its premium band changes, after 4 or 5Y, the premium shoots up significantly. + +>One thing to add vis-a-vis ICICI Lombard. Purchasing it via Amex will give you a dedicated Amex team to handle your queries and claims. + +[This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1u6fb/) by u/librislibertas + +**Exclusions**: + +Earlier, there were a list of consumables (Syringe, Gloves etc.) and administrative expenses (Application fees etc.) which had to be paid by the policy holder but Oct-2020 onwards, IRDAI has disallowed these exclusions. If someone has any experience regarding this, I would be grateful. + +**OPD Coverage**: +>Be aware that, unlike in some other countries, HEALTH insurance in India is actually HOSPITALIZATION insurance (with some exceptions). If you get expensively ill but do not require hospitalization, you get nothing. + +[this comment](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/-/g9ewn61) + +I really wanted a policy with OPD Coverage but their premium or the rider are very high. I would have paid additional ~3,000 yearly for OPD coverage limited to ~5,000 yearly. If anyone is interested, it is covered in HDFC ERGO Health Wallet. + +**Super Top-Up**: + +>Yes, Super top up is another policy on it's own. You even get a separate insurance card. + +Top-Up is effectively a separate policy and if I port the base policy, Top-Up is NOT ported. +Please see [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga1fkqu/) by u/Prashank_25 + + +**Critical Illness Rider**: + +It is supposed to open to interpretation by the company, so I decided against it for now. + +**References**: + +* [Buying Health Insurance (plus a review request)](https://www.reddit.com/r/IndiaInvestments/comments/ba2d6i/buying_health_insurance_plus_a_review_request/) + +* [Is health insurance worth it in India ?](https://www.reddit.com/r/IndiaInvestments/comments/jekmp3/is_health_insurance_worth_it_in_india/) + +* [Monthly Thread for Insurance Products](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) - Please go through at least 1Y of posts and comments. Some of the advice is Great. + +**EDIT** + +**Privacy**: + +Both **CoverFox** and **BankBazaar** had kept all medical and conversation information of mine for 2Y atleast. In 2018 also, I tried to convince my parents to buy Health Insurance but they were not interested then. Hence, I didn't buy any product from either site at that time (2018). Please remember this when you talk to anyone. + +**Edit 2**: + +**More References**: + +* [Health Insurance vs. Corona Kavach](https://www.reddit.com/r/IndiaInvestments/comments/hpplsw/a_comparison_of_standard_health_insurance_and/) by u/galeej + +* [Process similar to mine but got different opinion](https://www.reddit.com/r/IndiaInvestments/comments/g7uc0l/finally_on_a_health_policy_hunt_steps_included/) by u/HonestBat + +**Incurred Claim Ratio**: + +It can be found [Here](https://www.moneycontrol.com/news/business/personal-finance/general-insurers-incurred-claim-ratio-improves-5060391.html) provided by u/tvijay1. +It is NOT extremely relevant for established companies but it is better to have an idea about this. + +**Disclaimer: I am NOT a professional in financial field. Feel free to discard my advice at your convenience.** + +**Who/why need Health insurance in India?** + +**YES, Everyone needs to have Health Insurance.** + +If someone can't afford Health Insurance, He/She definitely can't afford Hospitalisation. + +Health Inflation in India is much higher than normal inflation and we need to be on this band wagon. +Further, You can account for your Food, Shelter, Education and other living expenses but Health Expenses are extremely high and sudden. Health Insurance reduce their impact on your lifestyle to a certain extant. I want to add many more sentences here but I don't want to repeat the linked posts above. Many smart people have given much better reasons, please read them. + +**Edit 3:** + +**PSU Insurance Companies** vs. **Private** + +I want to clarify that Government Companies may turn out better or more reliable. My personal preference is more towards 'Ease of Doing Business' and the perception is that private companies are much better in this regard. After some suggestions here, I looked at 2 of them. One had high premium with lower benefits and the other (SBI) told me that they can't take my money online (!) and I need to contact their office if I want to give them money. + +I believe that in 2020 this sort of headache is not worth the effort (for me). But, please look at the policies if you are interested and feel free to share your thoughts /experiences. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga5a5m0/) by u/MillenialIdeas provides his relevant experience. + +* [This Comment](https://www.reddit.com/r/IndiaInvestments/comments/jhqgnf/health_insurance_process_and_review/ga2noh1/?context=10) by u/iseelikeeagle has some interesting opinions. I don't agree with them but his/her experience is relevant. + +**Edit 4:** See Above + +**Edit 5: Co-pay & Deductible** (Also See Above) + +* [Why Co-Pay is bad for health Insurance](https://www.reddit.com/r/IndiaInvestments/comments/jjjaqh/why_copay_is_bad_for_health_insurance/) by u/ydoucar3 asks this question. + +* [This Link](https://www.careinsurance.com/health-insurance/co-pay-health-insurance) talks about Co-pay vs. Deductibles. I am NOT going into details because the difference is clear. + +* [This Link](https://www.godigit.com/health-insurance/what-is-copay-meaning-in-health-insurance) discuss this in some detail. It advocates my thoughts on this matter. + +Personally, I do not want to concern or limit myself to the question of cost of the medical care at the time of Health Emergency. If their is a co-pay clause, my parents will look for cheaper hospitals too whereas I want them to go for the best possible option (within my limited means). + +**Tl;dr:** Health Insurance purchase turned out to be a 1 week involved exercise for me and even then I made some mistakes. Please read thoroughly and decide wisely. +What if the employees in any company or workers in any factory had part ownership of the private enterprise ? There is no state controlled distribution like in a communist system, everything is privately owned by the people who work in the particular company. + +I started reading Das Kapital recently, and the Part 3 : "Production of absolute Surplus Value" struck me. What if the workers too had equal risk in the enterprise as the investor - in both profit and loss ? + +Workers owning the means of production would certainly help with the productivity, especially after an incentive to profit right ? Then why isn't a system like this in place ? +It’s also expected that your super will be up to 400k worse off at retirement as a result. That’s based on 6% return over 40 years. Who said government can’t keep inflating house prices to infinity… and beyond (whilst increasing pension reliance) +What would happen if everyone *wisely invested their disposable income, rather than consuming unproductive stuff? + +*Investing in companies not related to consumables + +Obviously, major consumable industries would go out of business. Ignoring the short-term unemployment, what would the economy eventually look like? +For anyone who has been here a while you may have seen this post already, but this was requested so am reposting it and figured some more new people in the sub may find this helps! The 10 ways to find stocks is does not mean use their analysis, because for examples like Ausbiz they are good for finding stocks but I wouldn't trust any analysis by their guests. + +&#x200B; + +1. Ausbiz the call. They discuss 10 stocks everyday and its free to view and watch, they do 10 viewer picks everyday ranging from penny stocks to large companies. They recently discussed AVA for example, so they are open to anything. They also give a buy/hold/sell recommendation based on what they think. This can be a good starting point for building up a list of companies to look at. They also have a portfolio that is free to look at which they include stocks if both analysts agree that the stock is a buy. There is other stuff on Ausbiz you can view and you can search up a company to find any articles or if they’ve discussed it. + +2. Go through the asx300 or 500 and filter out sector and then do basic research on the remaining ones This sounds like a long grindy process but is actually quite quick if you have an idea for what you’re looking for. Let’s say you wanna avoid financials then you can just scroll through companies and have a chart on another monitor/tab and list down the remaining stocks that have a nice chart or market cap or whatever that you’re looking for. This process is even quicker if you’re looking for a company in a particular sector. + +3. Use stock screeners to filter out any factors you want, this can include stocks that pay dividends, stocks with a certain roe, stocks with a market cap under 200mill but make a profit and so on. Trading view are a website which I use when I screen stocks, however I very rarely use this method as one bad year can ruin a lot of filters and cause a good stock to not pop up. This strategy alone could be a whole post with what filters to use, how many to use and so on. This all depends on your strategy, risk tolerance and other factors so if you are going to use stock screeners you will need to test quite a few ideas out before you find what you’re comfortable with. + +4. Use sector maps, commsec for example has sector maps for large medium and small caps, these are often a good starting point. This is really useful if you want to know who the biggest companies in a certain sector are, as they are sized by market cap, and it also allows you to quickly find smaller companies which may have more potential. It also means you can quickly graph the companies and see if any in a sector are going against the trend, which could result in cheap companies or overvalued companies. You can then look up these stocks on the ASX website and find competitors or similar companies if you don’t want to go through the whole sector map. ASX compare them through market cap and a few other factors such as p/e which you can look at. + +5. Use reddit if you dare, not one I'd recommend but in a bull market almost anything works as it's easy to predict a stock if the majority are going up. That's how I did retail picks for last earnings season as it was evident early on retail was doing extremely well and not priced in unlike this season. If you are going to use reddit at least make sure you understand the company, because almost every week for the past 10 months I’ve seen people buy post pump and then comment on a post trying to understand why they got left bag holding. Make sure you have a strategy, just because one pick worked for you don’t presume the next 3 will. This shouldn’t need to be explained but as I said there’s constantly people left bag holding and stocks just vanish in getting mentioned. NZS is a perfect example and so is BRN, when BRN started crashing down nobody mentioned them and said how stupid people were for buying. Now all of a sudden the people holding BRN have all come back out, I’m not saying this to make fun of BRN I’m just using them as an example that companies can come as quick as they go. AVA is another example off the top of my head. + +6. Look at the ASX announcements page and check out companies that have released earnings, gives you an easy start to reading their results and understanding the company. This one isn’t very efficient and is not going to find you any gems unless you’re doing day trading on positive announcements/results. I tried this when I first started investing and found it was too hard to keep up with which announcements meant something and which sounded good but never affected the share price. Its easier just to follow the herd and make sure you get out without getting stuck bag holding. + +7. Use earnings calendars to find companies and then do research on them from there. This is how I found DDR from last earnings season, although I didn't post about them because I was unsure as I didn’t understand the business. This is a great strategy if you’re playing the earnings game and are willing to take some risk, the issue with this strategy is that you’re going off purely results and you need to force yourself not to get stuck to one stock unless you’re comfortable holding it for a long time. Earnings season is coming up in March and now is a great time to start scouting out companies which you may want to buy just before results. Companies also usually follow a short positive trend if good results and vice versa, this sounds like common sense but its important to remember. You may now be wondering, well why not just buy good companies post earnings? Less risk=less reward, its certainly a good and common strategy but it just means you miss the initial rocket if there is one. + +8. If you know you want a stock in a certain sector such as tech then look up tech companies through Google and go to news and often, you'll see sites such as motley fool and others mention tech stocks, now obviously don’t put much value into their analysis but it's a good start to finding stocks. This works although once again not the greatest because these websites often will post a list of companies that they think could do well without giving away too much info, but as I said this a good starting point if you’re new and don’t know how to find many companies. Obviously, you can’t do this every day because articles aren’t out that often so if you’re going to do this its best when one company is already getting hyped up such as when APT was booming and the majority of BNPL was following. + +9. My personal favourite, long term just organise stocks you come across into categories or sectors. After a few months you'll have quite a few watchlists with varying stocks. This gives the benefit of having everything organised and if you know travel is going to do well for example then you can quickly go over to your travel watchlist, pick a few stocks add it into a 'portfolio potential' list and this gives you a good starting point to do analysis. If you like the company, you keep it there and if you don't you put it back into whatever category it was in or delete it completely. This sounds straight forward, and it is, there’s no rocket science here. The major issue with it is that you need to keep up with macro trends and understand how sectors are doing and what their short/medium term future looks like. Tech is a good example of this as it was getting hyped the shit out of like a month ago, and now people aren’t talking about it much because its starting to pull back a bit. Everyone was saying Nasdaq is a great investment and blah blah, yet on a pullback it doesn’t get mentioned because people wanna look correct in the short term. + +10. Market index have an excel sheet they give to anyone who puts their email in with companies that pay a certain dividend and a few other features. This is mainly good for large caps only. + +You could also use a mix of all the above and figure out what works for you, but either way none of these strategies are guaranteed to work and some cant be relied on constantly over a long period. I personally do earnings calender and post earnings put stocks into different watchlists and analyse companies once the post earnings momentum dies down, but this is just me personally. You will notice there isn’t much TA in this post, but finding stocks through TA is not my specialty, so hopefully this helps as a good starting point. +*On a throwaway because I don’t want my annual salary/personal information associated with my personal reddit account* + +I got into IT at 16 and joined the Air Force reserves at 18, under the top IT “job.” So I have a total of 5 years of experience, which has allowed me to earn a job on civilian side, with an annual salary of $90,000. On top of AF Reserves (part time), IT (full time), I am a server at a high end restaurant, working nights, where I make roughly $2,000/month (part time). Which sums up my salary to roughly, $120,000/yr. + +I have a $20,000, 6 month emergency fund, a Roth IRA, TSP, 401k, and a normal saving account with about $30,000 in it. My current credit score is 760. + +So my question is what should I do next? My parents want me to buy property but it feels very rushed. I’m currently renting for $1,500/month and my lease ends very soon. I don’t necessarily want to have a mortgage at 21 but I don’t want to rent and practically pay a mortgage. + +Any advice is welcome, thank you folks. + +Edit: Forgot to mention that I am single. Also, I have about $50,000 in blockchain investments that i’m willing to sell off if the opportunity is right. +It seems like a large number of "I fatFIRE'ed, what do?" posts are made by kids. Honestly, we shouldn't upvote people who can't take 5 minutes to get verified and build at least *a little bit* of trust with the community. Some of the posts are just so ridiculous, it's impossible to believe. (The, "I'm 9-figure FIRE", posts.) Otherwise, we're just becoming a fantasy indulgence sub +Gita Renewable Energy Ltd grew up by almost 1000% and 1150% in the last one year. + +Googling about the company isn't giving me much result. + +As per their Minutes - In 2014-15 Directors decided to sell their windmills as it was not feasible + + +I got their Mar 20 financials from BSE, and their total turnover was only 36 lakhs and The turnover was 36 lakhs in 18-19 too - so probably that is from a long term lease/rent of their wind turbine. Their employee expense was only a mere 9 lakh for the whole annum. + +No capital acquisition as well. + +What am I missing? +I'm obsessed. I even bring my monitor with me when I eat lunch. Just want ETH to MOON so badly past $1700 and onward to higher numbers. Dare we dream? $2000 or $3000. Or, do we dream big $5k-10K +So, today has been an incredible day so far! I got stuck at a light while driving to work this morning and pulled up Reddit on my phone and saw multiple posts with the NFT partnership announcement all over the place. It took every bit of self control to put my phone back up while I finished my drive, but needless to say, I haven't done shit all day except read through the agreement and the various posts on Reddit trying to figure out the implications of this announcement. + +There has been a lot of speculation on what the NFT announcement would be when it finally happened, and I don't think many people had even heard of Immutable X before today. We've all been focused on Loopring and haven't been thinking that they would announce another partnership first. The best part of all this is that we also get some nice confirmation that they are working with Loopring as well if you read further down in the document. I won't rehash that part any more than it has already been discussed in other posts. + +The part that stuck out to me is that this partnership with Immutable X is not a direct agreement with GameStop Corp. (the parent company whose shares we all own) but rather a license agreement with "GME Entertainment, LLC". + +&#x200B; + +https://preview.redd.it/w6mhj8dm2of81.png?width=975&format=png&auto=webp&s=f74f2c06be54148efa51f0c7a1c58ee3746fa5d9 + +Now, GME Entertainment, LLC is not a new company or a new name, as they have had this name registered for several years. It seems that the whole NFT division that GameStop has been forming within their company has been doing business under the GME Entertainment name this whole time. So, what's the big deal? There is a juicy line in the agreement on page 3 that caught my eye... + +&#x200B; + +[Wait...what does that say?!](https://preview.redd.it/ujem808qaof81.png?width=975&format=png&auto=webp&s=701a79d3d12a863cd61661d3cc699ac67bf21925) + +**"To the extent any change of control occurs (for GME Entertainment, LLC) that results in Licensee no longer being a wholly-owned subsidiary of a publicly traded U.S. company"** + +Uh, but why would that happen? Now, I'm not a lawyer (just a retarded engineer) and this may be absolutely normal legal language, but it seems like an interesting thing to slip in there with everything else in this section. + +There have been a few theories on what GameStop might one day do in order to help protect the financial interests of its investors, especially once the topic of NFTs and Blockchain came about. + +* GameStop could issue an NFT dividend (similar to Overstock) and use it's non-fungible qualities to force shorts and synthetic shares to close out their positions since they cannot use cash as an equivalent dividend to issue to shareholders who are holding synthetics. +* GameStop could recall it's shares and remove them from the DTCC and reissue them as tokens on the blockchain. This would have the same affect as the NFT dividend, but would result in all sorts of lawsuits and is probably not in the best interest of the company. The language is there in their 10-K filings, though, to go down a path where they pull their shares. + +But here's my favorite one: + +* **GameStop could split off the NFT division of it's company into a new company. The new company would not have to issue shares on the NYSE, but instead could be publicly tradable on the blockchain using NFT tokens (since this is a main part of it's business model). Initial ownership could be distributed to existing shareowners of GME stock via NFT tokens.** + +There it is...the nuclear option. The NFT Marketplace will be a living and breathing entity that will require it's own set of leadership to oversee. It's completely different than the current GameStop Corp business model, so it would make total sense to split it off into it's own thing. Shareholders would be screwed over if they split it off and did an IPO, so you would give existing shareholders shares in the new company and by doing it as an NFT token, Hedgies would be fuk'd. + +But where does Loopring fit into this? + +Right now, we've seen an announcement of partnering with Immutable, who specializes in gaming NFTs. So, game development, buying/selling of used games, in-game item marketplaces, the metaverse, etc. would all fit in nicely with this group. Loopring, on the other hand, has been putting out a lot of information hinting at changing up the financial system. What if Loopring's partnership with GameStop is more focused on the financial system use for NFTs. Like...say...the first company to issue its shares as NFT tokens on a new blockchain run stock exchange? + +This is all pure speculation, but as the pieces start to come together and we are finally getting real information from GameStop directly, I personally am even more bullish on this stock now than ever before! + +I will leave you with one more nugget from the agreement. + +&#x200B; + +https://preview.redd.it/09m4o7cdhof81.png?width=975&format=png&auto=webp&s=5b2de6a8465cd34e69b6021d34d0f4a00b593b0e + +GME Entertainment, LLC is contractually required to prohibit market manipulation on its new NFT marketplace. No more pump and dumps. No more married calls/puts and phantom shares. Nope. A fair and equal exchange of goods and services. + +Personally, there's no one else I'd trust to protect me from market manipulation than GameStop and Ryan Cohen. + +Buckle the fuck up, apes! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://i.imgur.com/MI2O91T.png + + +Morgan Housel : Jack Bogle is biggest undercover philanthropist of all time. + +Warren Buffett : If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle. + +Andy Cross : If there is ever an official investor hall of fame, Jack Bogle would be a lock as a unanimous first-team ballot winner in the inaugural class. + +Beverly Goodman : There is truly no other person who has been more influential in the investing world, and such an unerring force of good. + +Rob Arnott : Has anyone in the past century disrupted the world of investing (and perhaps finance more broadly) more than Jack Bogle? I think not + +Cliff Asness : Put simply, no single person has ever done more for investors while asking less for himself. Nobody comes within a mile. We won’t see his like again. + +Michael Edesses : Bogle was a paradigm of someone who pursued business as it should be pursued, for a public purpose, rather than for greed. + +Don Philips : Jack was a man for the ages. Investors for generations to come will benefit from his life’s work. + +Burton Malkiel : Jack Bogle is the best friend the ordinary investor has ever had. +This is a followup [to this post](https://www.reddit.com/r/realestateinvesting/comments/nfdf5j/after_7_months_of_nonpayment_a_judge_finally/). + +I got a lot of reasonable (and unreasonable) advice and feedback on the last post, and just wanted to update everyone. + +I made the decision to let the lawyer keep escalating my case while I pressured the constable directly. If the constable wasn't working with me, I planned a writeup for some local news stations. + +The first thing I did before calling the constable was wrote up a short decision tree of what he could say and what my responses would be. For the first week after my post I called the constables office every single day just to ask what the status of the eviction was. The secretary answered every day and told me the constable would call me back. Finally after 5 days of me calling she got annoyed and gave me the constables number directly. I called him up and asked what had happened. I always made sure to refer to him by his title and to sound as reasonable and fair as possible. He told me he couldn't evict because the tenant had a CDC declaration. I told him the tenant was breaking all 3 rules the CDC had, and that a judge had seen that and given a writ of eviction. He told me to send him proof and that he would then drive down and talk to the tenant. I sent him proof, and the next Monday he talked to the tenant to get their side of the story. He scheduled the eviction for the next day, and after the tenant asked for more time he postponed it one more day. + +The unit wasn't intentionally damaged or anything like that, but it certainly needs some scrubbing. I waited the 14 days, and have started to flip the unit. The lawyer and my property manager were really surprised I was able to change the constables mind. + +I am going to attempt to collect missed rent, but don't have high hopes as to my chances. +Everyone is making investing too hard when you can buy 2 of the greatest companies on planet Earth at a lower PE multiple than the overall S&P 500. + +FB and Google are two companies people cannot live without. They both can easily grow earnings at 15-20% a year for the foreseeable future and trade at 25 PE or less. If you factor in PE less cash on google you have an awesome valuation. + +Additionally, the true earnings power of these two companies is extremely understated. If you would take out “other bets” and FB investment in Metaverse these companies could spit out way more cash flows than currently seen. + +Would love to see someone like Buffett pick up google in this draw down as he has so much cash and after realizing his greatest investment ever being apple may wake him up to the true market power of Big tech. +**tl;dr:** I found around **79M** can kicked shares in Jan 2021 using the married put approach. We can see those cans kicked out 1, 2, 3, 6, 12, and 24 months from Jan 2021 at various options expirations. + +After poking around in ToS, I found that I can see exactly when Puts where opened by tracking the daily Open Interest for a put. See my previous post here: [https://www.reddit.com/r/Superstonk/comments/ocen11/historical\_gme\_71421\_options\_oi\_to\_see\_how\_many/](https://www.reddit.com/r/Superstonk/comments/ocen11/historical_gme_71421_options_oi_to_see_how_many/) + +I needed the data in CSV format so I could play with it. So I bought the GME Options Data (surprisingly cheap, about $21) from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/) for 2021 up to end of June. + +I then filtered out the lowest strike Put option for each of the major options expirations (Feb, March, April, Jan 2022 leap, and Jan 2023 leap) during that time and charted the daily Open Interest Change. + +[Daily OI Change for Lowest Strike Puts](https://preview.redd.it/mfk5o6z1r8971.png?width=1097&format=png&auto=webp&s=26b7024d5072bbb0683b9d9c1a3d34e596ddfa4e) + +Guess what? Most of these low strike puts were opened around GME's Jan run up! + +*Wut mean?* Superstonk has been discussing how married puts are used to hide naked shorts in deep OTM puts so this data shows us exactly how far out they kicked those Jan naked short cans down the road AND we can see which expirations have them. We can see pretty much every major options expiration has a ton of new openings in Jan so those cans were kicked 1, 2, 3, 6, 12, and 24 months out (Feb ,March, April, July, Jan 2022, and Jan 2023, respectively). + +|*Option*|*As of 1/4/2021*|*As of 2/1/2021*| +|:-|:-|:-| +|Feb $1 Put|0|52,193| +|March|0 (n/a)|32,907| +|April $0.50 Put|510|43,892| +|July $0.50 Put|168|71,709| +|Jan 2022 $0.50 Put|2,441|106,082| +|Jan 2023 $2 Put|105|16,585| +|**Total**|3,224|**323,368**| + +*Do you see what I see?* There's about 320,000 options opened in Jan 2021 to hide naked shorts and kick those cans *just at the cheapest strike!* That's the equivalent of **32,000,000 (32M) shares**! + +*Wut about other low strikes?* I filtered the options data for two snapshots in time: Jan 4, 2021 (before can kicking) and Feb 1, 2021 (after can kicking). Out of those snapshots, I summed the total open interest for all options with a strike price less than or equal to $20. Here's the results: + +||1/4/2021|2/1/2021| +|:-|:-|:-| +|Total Put OI for all strikes <= $20|309,563|1,101,826| + +The difference there is **792,263 OI**. Basically just shy of 800k new put open interest at super low OTM strikes representing over **79M** shares kicked down the road in Jan 2021! Half of those are hidden in the lowest strike alone. + +**Happy July 4th! We're gonna have a blast!** + +EDIT: Wowza! Thanks everyone! I’ve never had this many upvotes or awards before! You are all amazing! I learned more in the past 6 months about trading and markets from Superstonk than in decades of trading. I’m happy I can give back to the community! +Yeah, you heard it right, and you most likely know that already, but lemme give you some technical rationale of how this might happen. The analysis is build upon fractal techniques, so that the previous price action is used for making this forecast. Buckle up and eat a Crayon, fellow trader (the word is used as anagram you know for what) as it will help you stay nutrated for the rest of this reading, and it might even help you with the digestion (of the information in the post). + +This is not a financial advice and I am not and a professional advisor, I just enjoy to share my knowledge and educate brainless apes occasionally. + +"BuT whY dO I neEd your FARTCAL ANALizis?!1" + +Well, that's a good question. When I was a young ape living free in the Steppes of Kazakhstan... JK, leave poor Vlad alone for a moment. **The fractal** (from Latin *fractus*) means a steady scalable design of irregular shape emerging on any data. The trade fractal in the financial market is the pattern, formed by a sequence(es) of candles, which has peculiar identifiable characteristics and a tendency to reoccur across different scales and time-frames. Fractals are simple yet important, repetitive formations used by traders to identify and to confirm a trend. Apely speaking, fartcals allow us to forecast the future price action based on the previous similar trends on a given trading instrument. + +Now that the captain is gone, let's get to business. + +[GME fartcals wroom wroom](https://preview.redd.it/yge17n3k12n61.png?width=2160&format=png&auto=webp&s=d533ec1fdbcf6443b2233142f87bb285f0c27786) + +I know that you all love Crayons with all of your hearts, so I will use rare turquoise and magenta ones in this analysis. Furthermore, I did my best to simplify the method of distinguishing the fractal sequences, using simple lines, and hopefully you should need no more than one brain wrinkle to understand it. +What you see on the chart (one candle represents 2 hours of price action) above is a perfect example of beautiful fractals. The chart starts from the 11th of January with the turquoise slightly downward tilted consolidation. Next you see a relatively soft magenta upward impulse (14-16 Jan), followed by another turquoise consolidation, this time slightly tilting up and lasting for about three days. Next is where the things really start to get interesting (22nd Jan), as the subsequent magenta upward impulse accelerates exponentially. This accelerection does not go quietly, erupting into a powerful gap (not as big as the one in your head, though). Finally, starting 27th of Jan we have a local endgame highlighted by a purple rectangle with the apex (pay attention to this peak, as it will be used for calculations later) on the 27th of January. 'What? Why purple rectangle?' you may ask. Easy. REKTangles are the Horsemen of the Endgame. +That was only the left part of the chart. Now let's be brief for a moment. There were six main components to the fractal base: turquoise consolidation, magenta uptrend, turquoise consolidation 2, magenta impulse, gap and purple rectangle. What you see on the right, is the original base for the fractal described above meets its bigger brother. Particularly, starting 22nd Feb a very similar chain of price actions manifests. And this is how we really utilize fractals: identify the fractal sequence from the previous data (on the left), and after that apply the pattern to similar market conditions (on the right). Many of the the things look really similar on both sides of the graph, don't they? Coincidence? I think not. + + +https://preview.redd.it/v5s6clts12n61.jpg?width=534&format=pjpg&auto=webp&s=f7e6dcacd9509becc15e1e38a254575986e49063 + +"Oh fArtcaLs good Butt WEN MOON?1!" + + +[Here you go boy](https://preview.redd.it/f0u97sfv12n61.jpg?width=461&format=pjpg&auto=webp&s=d64f1f93399d094112b49cf4170475e56ce84bc8) + + +Allrighty. I know that the energy from the Crayon you ate is running out, so lemme summarize the analysis for this intellectually limited individual with extraordinary small brain capacity that you are. What I need you to do now is what even a half brained chimpanzee is capable of. Count to six (yes, you may use your fingers). Twice. + +[Numbers and fractals simplified for dummies](https://preview.redd.it/mfnkdif022n61.png?width=2160&format=png&auto=webp&s=9d2fd1b92e9a7bf6c2bbeb0fac0ed538ea35d96b) + +1 = flat line; +2 = small magenta hill; +3 = line as flat as your wife's girlfriend's tit; +4 = accelerection; +5 = your brain (aka Gap); +6 = Valhala REKTangle / GME go BBBBRRRRRRR + + +Good boy/girl, you've come this far. Now that your confirmation bias is reinforced, you may get some rest. Or eat another nutritious crayon my brain destitute ape friend, because we are DIVING DEEPER. + +Ok, it turned out that I needed to eat some Crayons myself, because I really got exhausted writing the post for five hours in a row. So I ate a pack this time, and I am full of GMEnergy. As is the chart below, so bullish, that we will definitely see some GMEnergy explosions in a short time to come. Now the complexity of analysis is going to increase a little bit, but the apes have to evolve at one point in history, so I really encourage you to use this opportunity. + + +[In-depth fractal forecast](https://preview.redd.it/888zsh3c22n61.png?width=2160&format=png&auto=webp&s=ec2c553761a27dc98efa7dae3de918da0d4f600f) + +I hope that you got accustomed to the previous six steps for dummies explanation, and by this moment you should understand the basic principle of how the fractals play. What you see above is a little bit more advanced chart, through which I aim to explain how I came to the price predictions in the post title (finally!). Ok, 1 2 3 4 5 6 is understandable, where did A B come from? The first and most important notice, is that A-B fractals are built upon 1-2-3-4-5-6, and on the chart you can see that A measures 1-2-3-4 pattern, while B covers 5-6 steps of the sequence. A-B on the left (January run) is self explanatory, the fractals are measured as they are. A-B on the right (current price action formation) is where we need some math to get involved, particularly, when we are working with the new B movement prediction. And that is not as difficult as it may seem from a first glance. Again, the main fractal property, re-occurrence, will play on our side. Predicting the price movements, on a volatile market like this one, is one of the most ungrateful things to do, so don't go too harsh on what I am going share with you, apesters. My theory, is that it is possible to predict the amplitude of the upcoming move, using data from previous one. And here, we only need the coefficient from first A-B move. A simple ratio: dividing first B move (about $325 increase) by first A move ($131) gives us a coefficient of about 2,48. Let's apply this ratio to the currently forming fractal: that is multiplying the second A fractal completed height (about $330 based on my prediction, which is built later in this post), which will give the estimated B part of the second fractal height of about $818, landing us on the sweet $1200 dollar level through the next week. Boom, looks beautiful and promising! Fractals, baby! + + +I hope it has been an entertaining as well as mentally developing read for you so far, smoothie-brainie. But there is still one important part of the analysis left to be addressed. Particularly, it is the the sequence part number 4, where the price action stands currently. And yeah, you guessed it, almighty fractals are helping us here again. Below you will find two charts (both are 30 min charts), which are actually zoomed in the price actions of the fourth step of the two fractals analyzed above. I can't stop enjoying and appreciating fractals and below you should really see why. + + +[GME price action 22-27 January](https://preview.redd.it/heozo1gg22n61.png?width=1646&format=png&auto=webp&s=d637c1806d229ffad089dc6491357ce01b55207a) + +[GME price action 5-15 March](https://preview.redd.it/m1dydccm22n61.png?width=1646&format=png&auto=webp&s=9724902e12d23390a6f614fe026acd4f2c4abf3d) + +Because they look similar again! Now I will ask you to excuse me, I started to work on this analysis about ten hours ago, and I really need to get some sleep, as my brain is holding strong to the last wrinkle it has left, so this explanation will be brief. I forecasted the apex point of the current 4 using not so complicated method, and again taking inspiration from the previous price action and its underlying patterns. The magenta curly lines play as supports for both of the impulses. And these look amazingly similar in its slope and pace, but we should probably stop being surprised about that at this point. The second important fractal factor is this chainsaw in the middle of the patterns, corresponding to the severe corrections in these bull runs. Remember being in the market at those moments? Wooh, that was fun. And finally, take a look at this averaged line that looks like a string of a bow - not only it averages the price action, it also completes this bow shaped fractal pattern, allowing us to predict the potential high of the current price action ($380-ish). That's it folks, mic drop. + +TL;DR: Fractals is life fractals is love ❤️ as is GEEEMEEE +I always read people going from broke to millions by real estate, but how did they get in without capital for a down payment? I want to build long term wealth and own a house as the “American dream” but covid has depleted all my savings and and income coming in. Looking for pointers on getting out of this depressing situation. + +**Edit 3/11:** Thank you all for the replies, slowly working my way through them! The job market has been tough to find something while I work on building RE knowledge. +Hi fatFIRE, long time reader first time poster. Please forgive the fresh account. + +I recently sold my venture-backed tech company and received $120M (after taxes). It was a lucky exit beyond my wildest expectations – it's a long story, but even a year ago I wasn't sure if my equity would be worth anything at all. I have to stay with the acquirer for a bit, but the most exciting part for me is finally getting to begin my long-awaited FATfire. + +I'm exploring hiring a wealth manager (I realize they're controversial here) and would appreciate this community's advice. I've begun interviewing advisors at big banks including Morgan Stanley, Goldman, UBS, Fidelity, etc. and also several RIAs. This has brought up a bunch of questions: + +&#x200B; + +1. **RIAs vs Big Banks** \- Right now I am learning towards an RIA, because I feel they will be more likely to have my best interests at heart. Their pitch seems to be that they offer all of the same services as the banks (trusts, tax advise, etc.) without any of the conflicts. **What are the downsides of hiring an RIA, if any?** +2. **Fees** \- I haven't begun negotiating but so far I'm consistently getting quoted \~0.4% AUM. This is higher than I was expecting (for this level). Strangely enough, the RIAs have been a bit higher than the banks – maybe because they're not getting kickbacks to compensate? **Can anyone with experience in this area advise on what an achievable fee range should be at this asset level?** +3. **Alternatives** \- Given my long time horizon, most advisors, including the RIAs, have recommended a substantial allocation to alternatives (e.g. 30-40%) – and especially private equity. They all play up their privileged access to this asset class - **how important is this asset class, and how would I evaluate different firms' access to top-tier PE? Can the RIAs compete?** +4. **Two advisors vs one** \- My accountant suggested I split my assets across two banks, as a way of making sure both sides stay on their toes and remain super engaged. Has anyone tried this before and is this a good idea? **What are some pros or cons of this approach?** + +Thanks in advance for any advice! +Evening/Morning, + +After months of discussion, the mod team has decided to ban u/gherkinit from r/Superstonk for breaking [Reddit Site Rule 2](https://www.redditinc.com/policies/content-policy). + +&#x200B; + +>*Abide by community rules. Post authentic content into communities where you have a personal interest, and do not cheat or engage in content manipulation (including* [*spamming*](https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/what-constitutes-spam-am-i-spammer)*,* [*vote manipulation*](https://www.reddithelp.com/hc/en-us/articles/360043066412)*, ban evasion, or subscriber fraud) or otherwise interfere with or disrupt Reddit communities.* + +# Ban Reasoning + +**Reddit Rule 2 - Vote Manipulation** + +The use of @ everyone pings (For non-discord users, When you send a message with ‘@everyone’, all the members of the channel get notified, regardless of whether they are currently online on the server or not.) while linking to his posts (and profile) within his discord causes inorganic growth in posts. + +I’ll be the first to say that I've also done that – shared DD in servers and reddit chats (minus the@ everyone pings), to gain traction so my effort did not die in rising – as do many many others in various Reddit chats and servers. + +The main difference between these two actions is the subject of focus and the audience. u/gherkinit has built a community of his own totalling 7,600 members who are there purely for him and his content, so understandably if he links one of his posts with an @ everyone ping, that has a much larger marginal effect on upvotes than me or someone else posting a link in a server/chat. + +We initially reached out to u/gherkinit regarding vote manipulation and brigading concerns (as it breaks Reddit rules) derived from his discord server. He agreed to stop posting daily TA links in his discord to prevent vote manipulation (There’s rumor in his community/the sub he reached out first, this is not true, to make things clear). + +After this agreement he began @ everyone pinging links to his profile instead for daily TA, however, he only posts on Superstonk - so it by-passes the verbal agreement in a rather tongue in cheek way that still results in vote manipulation. + +The core issue the ban is based on is this avoidance, maliciously complying, but still breaking Reddit rules of vote manipulation due to the above. + +&#x200B; + +[Example #1 of profile links for his daily TA.](https://preview.redd.it/0scjy7xuo2k81.png?width=1246&format=png&auto=webp&s=77b6136bc511f144a76140d216b5f11be1307a2b) + +&#x200B; + +[Example #2 of profile links for his daily TA.](https://preview.redd.it/n0y3zooxo2k81.png?width=1244&format=png&auto=webp&s=050fda5ec1208d72b089ebb53641e607fb014182) + +**Reddit Rule 2- Disrupting the Community** + +u/gherkinit is one person, he has built a large community and has chosen moderators to manage his community. + +We’ve seen very obvious examples of intent/support regarding vote manipulation and brigading from mods and users alike in his server, which disrupt our community. + +&#x200B; + +[Example of the communities culture when it comes to upvote manipulation and brigading](https://preview.redd.it/o9zlytg4v2k81.png?width=1074&format=png&auto=webp&s=bc4694dd2184f6b3992a3f5bab6853c5de353c3f) + +u/gherkinit tends to avoid fanning these flames, which is great - but there is an implicitness in his non-action to manage his mods/users attitudes, which influences a communities’ culture. One that has the culture of brigading and vote manipulation against opinions that do not align with their own. + +This leads me to the below. There’s clearly an incentive on the table to not calm the flames and better manage his community's culture of vote manipulation and brigading. **No one should (and will not, going forward) implicitly or explicitly benefit from division in this sub.** + +&#x200B; + +https://preview.redd.it/v164ix9jp2k81.png?width=1419&format=png&auto=webp&s=923cfd7dbf2a7c5ffc99e0f7778e8a71ccc99e68 + +**Toxicity towards** u/gherkinit\*\*’s Community\*\* + +There has been a demonstrable amount of toxicity in the comment sections of u/gherkinit’s posts (among other posts as well), typically between his fans and his detractors. + +We’d be nearsighted not to acknowledge this toxicity towards his community. We tried to give breathing room to both “sides” to vent, hoping it’d chill out - but that did not eventuate and it’s grown to become more toxic the past two months. + +The moderation team will be expanding to manage this and take a harsher lens towards toxic discourse and apply temporary and/or permanent bans if people cannot engage in healthy discourse (you can disagree with people and not be a cunt, y’know?). + +# Ending Notes + +Given his discord’s community size is over 7,600 , we very much expect mass brigading and vote manipulation in the short term from their discord, especially over the next few days given there is no risk anymore regarding u/gherkinit as he’s now been banned. + +Please keep this in mind while spending time on the sub over the coming days. We’ll of course allow posts to share thoughts and opinions on the matter (as this is part of our sub culture), but we won’t let it clog up hot or rising feeds. + +I also want to be clear, this is not about options and the DRS, as “pro-options and anti-DRS” tend to be synonymous with u/gherkinit. As a mod team, we aim to remain as impartial as possible (yes, there have been examples of mod bias in the past and they have been addressed) - everyone has different opinions on the matter, you do you. I hope the discourse continues on these topics, noting that, as I said above, we’ll be taking a harsher lens towards toxic interactions on these topics. + +Reports are the main thing we work off as a mod team, so report comments that are toxic (People tend not to report comments and only posts), regardless of content so we can review. + +Edit: Updated a screenshot, mislabeled users and mods. +My dad is a business owner (6 companies) and is probably just under fatFIRE. When he sees me reading up on Reddit or watching YouTube videos on investing he’ll tell me I’m wasting my life or that if they were actually self made millionaires they would be working, not making videos on YouTube. So I wonder, with your time being worth thousands if not tens of thousands per hour, how do you justify spending time on Reddit? +[https://www.marketwatch.com/story/new-fed-study-finds-efforts-to-slow-pandemic-dont-depress-the-economy-2020-03-27](https://www.marketwatch.com/story/new-fed-study-finds-efforts-to-slow-pandemic-dont-depress-the-economy-2020-03-27) + +paper: [https://ssrn.com/abstract=3561560](https://ssrn.com/abstract=3561560) +Hello, I am 19 and I don't have a clue what ill do for my live but im heavily introverted and find myself happiness when alone I also live in New Hampshire we have no income tax, and no sale tax I think? just property tax. I still live at home, and my parents have made it clear I can leave when im "ready" to live on my own. I don;t have much interests in anything, so naturally I save up a lot of money because I don't know what to do with it. I pay rent ($100 month) also have been working at a restaurant as a busser/busboy for 3 years now, and have saved up a total of 21k, yes you read that right $21,000, my money only goes towards rent and gas. +I have looked at some cashier jobs pay around 8-10 dollars starting, my parents also own rental property and one of them is a trailer which I can rent for about 11-1,200 dollars a month. Theoretically If i get a cashier job that pays 8 or 9 dollars and hour, work 10 hours 5 days a week, can I even put money away to save? +I don't watch TV, I have a pre-paid phone, I spend $100 a year just for the service days (never run out of data or text because I never use it) +Food, I don't eat meat anymore, I live off of peanut/peantbutter products. +Car insurance...I can stay under my fathers insurance until I become 26 so its actually semi affordable, and I used to pay $250 every 3 months to my father but the company stopped sending the bill for my truck but is under my fathers name for insurance purposes? Its kinda of a confusing story. Its also $60 to fill a tank but I go to shell station and a shell card so I get sometimes 8-14 dollars back depending on price of gas. + + +Heat, I don't use it, never have, if its cold I put a sweatshirt on. Same with AC, just user a box fan. + + +I know there are a few others, water, electrical sewer etc, it seems like a big problem is the car insurance, when I went to see if I could afford my own, cheapest one was $7k a year, $3.600 every 6 months...yikes because I am under 26. +Can I apply for governmental assistance? I don't really know how it is in my state but, in school I was in the (SPED) classes for what its called a "learning disability" that is the technical term for it. +Also my brother works at a company where I can make $20 and hour by cleaning tubes, he works as a wielder for General Electric. +Am I missing anything? It is possible? I just spend my free time reading books and sometimes playing video games/browsing on my gaming computer that I really don't use anymore. + +EDIT: Wow did not expect this at all thank you all +I don't just eat peanut butter I eat wide varieties of vegetables and take many vitamins, I just use peanuts products as a snack my bad, also the heat yeah what I mean is I don't turn the heat up if I'm cold, it just stays at a temperature to keep the pipes from not freezing. Yeah I don't really have any passion or motivation to go for one of these career traits again nothing interests me except for unrealistic careers (history philosophy politics and psychology) and I don't like socializing at work really either just want to shut up and do my job so I can go home. +The market is red, it's down. +People are panicking, saying their portfolio is down 50%. + +I believe the main reason is tapering. We just had a year of fake gains. +A lot of fake money was pumped into the system, it pumped up overvalued companies even more. +So when someone asks you why the entire market is down for no reason, remember, tapering is happening, and it's happening quicker than before. + +Traders are probably panicking when they see volumes of trade decrease. +They exit their positions, stressing out the people around them. +It's a chain reaction, and I think it's just the beginning. There is more tapering waiting for us, and then, the interest hikes will begin. + +Let me know what y'all think. +**The Story So Far** + +Since hitting the BSC, breaking records and blasting off in early May, UltraSafe has had to weather the same storm as the wider crypto market. Nevertheless, the team have been hard at work, gaining UFC-legend Rashad Evans as UltraSafe’s first celebrity ambassador, launching the ULTRA-BNB LP staking pool and continuing work on the soon-to-be-released NFT marketplace. These achievements and more have produced a stronger UltraSafe than that which reached its 80m MC high on launch. + +**Ƶatoshi: Ultra Protocol** + +Today, as BTC recovers, so too does UltraSafe rise from the red, having gained 2m MC over the last 24 hours as investors FOMO upon hearing the bullish news: Zachari M. T. Saltmer (better known as ‘Ƶatoshi’) has joined the UltraSafe development team. Ƶatoshi brings with him over 8 years of experience within the crypto space. Having started his crypto journey working on community engagement with Trust Wallet in 2018, Ƶatoshi quickly learned the value of quality feedback and establishing relationships. On parting ways with Trust Wallet following Binance’s acquisition, Ƶatoshi set his sights on trading the NASDAQ Index and CFDs, his keen eye for the market eventually gaining him a following of over 50,000 members across Trading View and Telegram, as well as knowledge and monetary wealth. + +Popping into the UltraSafe Telegram, Ƶatoshi opened himself up to the community, “I’m one of the most realistic guys on the internet, so people have realized that if I say I am going to do something, I’m going to do it.” Between working at Trust Wallet, beta testing software at Knowlium, forming close ties to Hacken Cybersecurity Services and pioneering Zuus AI, Ƶatoshi’s accomplishments are almost too many to name, but what is most surprising about him is the concern he shows towards others and the high moral standards he places on himself. “My mother brought me up to be a good man; as we get older, we learn the value of such lessons. I always choose the hardest path in life and that brings me a lot of self-worth. How many people get to say that they’ve changed lives for the better in a matter of days?” + +It is this ethos, Ƶatoshi says, which makes him a perfect fit for the UltraSafe team, the last piece of the puzzle UltraSafe needs to succeed. His plan is simple: 1) Connect UltraSafe to his network of blockchain developers, 2) Move UltraSafe to its own protocol. On the question of why UltraSafe attracted him, Ƶatoshi commented: “When I started talking about UltraSafe and bringing safety to DeFi, my communities went ballistic with positivity. They know that DeFi is like the Wild West, only everyone has an AK-47. Sure, there are people building tools, but nobody is working on safety; there’s only 4 or 5 top cyber security firms in DeFi, and I happen to know a couple of them. + +“So, if DeFi is the Wild West, I envision UltraSafe as strapping on a bulletproof vest and rolling into town atop a tank at high noon; with this community, we’re all in the trenches fighting for a safer DeFi, whether that’s experienced or inexperienced investors. Both UltraSafe and myself believe that DeFi safety education should be rewarding; I can’t say too much, but there will be a minimum of 3 use cases for the new protocol. It’s all about building a bigger, better #blockchain and making a safer DeFi.” + +**Daniel Cormier: A Challenger Appears** + +Ƶatoshi isn’t the only recent addition to the UltraSafe family. Not to be outdone by Evans, former UFC light heavyweight and heavyweight champion Daniel Cormier proudly stands as the second UltraSafe celebrity ambassador. Cormier is a fierce figure with a career spanning over two decades; he continues to inform and inspire millions of fans through his work as an analyst and commentator for the UFC, and there can be little doubt that his tough attitude and solid persona will lend themselves well to the UltraSafe brand. + +**The Shape of Things to Come** + +- Zero-service fee NFT Marketplace (Imminent) + +- Merch store (Imminent) + +- RUBIC cross chain swaps (Imminent) + +- Purchasing via direct debit and credit (Imminent) + +- V4 Website (Estimated 3 weeks) + +- Ultra Protocol (Estimated 3 months) + +Win Some UltraSafe! + +Games and competitions are usually hosted weekly via Telegram in the UltraSafe Community Game Lounge. Last week’s competition saw one holder add 30b UltraSafe to their stack. The next competition will be held on Sunday at 14.00 EST. Check it out to be in with a chance to win, but please note that only holders of at least 1b UltraSafe are eligible to collect prizes. +###[The DApps are coming, the DApps are coming!](https://imgur.com/a/gKING) + +Chin up boys and girls – the DApps (Decentralized Apps) are finally coming. _**Utility**_, not speculation/manipulation/shilling etc., is what, in the end, will give/justify the value of blockchains. + +&nbsp; + +[Of the top 100 tokens, 91 of them are on the Ethereum blockchain (ERC-20).](https://coinmarketcap.com/tokens/) The most valuable non-Ethereum tokens by market cap are USDT (4) and GAS (25). Eventually, ICX (6), VeChain (3) and EOS (1) and several others will be migrating to their own blockchains. Still, this leaves Ethereum with an overwhelming market dominance for tokens (aka DApps) and Ethereum has been clearly recognized as *the* blockchain to launch ICOs/DApps. + +&nbsp; + +We have already seen several DApps successfully launch on mainnet including [CrytptoKitties](https://www.cryptokitties.co/), [Crypto Sportz](https://cryptosportz.com/), [Edgeless](https://www.edgeless.io/), [Etherbots](https://etherbots.io/), [Ethercraft](https://ethercraft.io/), [Etheremon](https://www.etheremon.com/#/), [Etheroll](https://etheroll.com/), [ETHLend](https://ethlend.io/en/), [Forkdelta](https://forkdelta.github.io/) (RIP Etherdelta), [0xBitcoin](https://0xbitcoin.org/) and [Ethlance](https://ethlance.com/) among others. Check out a whole list on [DappRadar](https://dappradar.com/) and track the progress of some lesser known, smaller projects on [StateoftheDApps](https://www.stateofthedapps.com/) (**Note**: I cannot vouch for all of these DApps. There have been and always will be scammers in the crypto space. **Please**, always do your own research!) + +&nbsp; + + + +For the rest of March + Q2 (April - June) we are going see **the biggest implementation of DApps on the Ethereum mainnet to date.** Below I’ve laid out, in alphabetical order and in varying detail, what’s happening between now and the end of Q2 of this year. (I’ve also added some info, where especially relevant, of big stuff coming after Q2). I hope any biases I may have do not come through too much in the writing. + +&nbsp; + +To hammer home on utility once more: One year ago today, the daily transaction count was at 57,000. Yesterday, the network confirmed over 752,000 transactions (a 13x increase) (And remember, ATH in January was 1.349 million txns!) [[Source]](https://bitinfocharts.com/comparison/transactions-price-eth.html#1y) + + +--- +&nbsp; + +###On to the DApps: + +&nbsp; + + +[**Airswap**](https://www.airswap.io/) + +[Subreddit](https://www.reddit.com/r/AirSwap/) + + +* AirSwap is a decentralized exchange for trading Ethereum based tokens. It allows its users to trade tokens in a peer-to-peer fashion across the Ethereum blockchain. The [token trader](https://trade.airswap.io/) is currently live, in a limited capacity, trading AST and (W)ETH. + +* More token pairs will be added before the end of the Q1, as part of the upcoming release, Token Marketplace. A mobile app is also in development and will be entering beta soon. + +&nbsp; + + +[**Aragon**](https://aragon.one/) + +[Subreddit](https://www.reddit.com/r/aragonproject/) + +* Aragon is a project that aims to disintermediate the creation and maintenance of decentralized organizational structures by using blockchain technology. "We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives." Originally slated for a February release, Aragon Core v0.5 (which is a fully functioning version of the DApp on mainnet) should be released any day now. + +&nbsp; + + +[**Augur**](http://www.augur.net/) + +[Subreddit](https://www.reddit.com/r/Augur/) + +* Augur is a fully-decentralized, open-source prediction market platform built on the Ethereum blockchain for any and all predictive markets. Augur Beta is currently live on Kovan testnet and launch is “months away.” + +* In order to mitigate bugs and problems, the first market on mainnet will be something along the lines of 'Will there be a critical vulnerability discovered in Augur by a certain date?” Given Augur’s development history, this could be launching a little after Q2, but the progress looks promising. + +* **UPDATE (3/7/18)**: [Contract audits are complete](https://medium.com/@AugurProject/augur-weekly-development-update-march-7th-62ffd289420e) and the full audit report of augur-core will be released next week. "Some work still being down on UI, Augur Node, and additional screens." Next step is the bug bounty (first prediction market on Augur). + + +* **UPDATE (3/12/18)**: [Core security audit report is released](https://medium.com/@AugurProject/augur-core-security-audit-report-cd6b4060ccf3) following a four-month long audit by Zeppelin. Augur's contracts are ready to ship and "over the coming weeks we plan to release more details around a bug bounty program and market." + + +&nbsp; + + + +**[BlockCAT](http://blockcat.io/)** + +[Subreddit](https://www.reddit.com/r/BlockCat/) + + +* BlockCAT lets anyone create, manage, and deploy smart contracts on the Ethereum blockchain with just a few clicks. No programming required. BlockCAT will be releasing their first visual smart contract on the mainnet on March 14 (the full details of exactly what this contract does, will also be released when it goes live.) + +* **UPDATE (3/14/18)**: BlockCAT's first visual smart contract, [Tabby Pay](https://medium.com/blockcat/introducing-tabby-pay-9a014d69186f), has been released on mainnet. Tabby Pay is a smart contract that’s built to prevent user error - if you send Ether to the wrong wallet, you can cancel the payment and your Ether will be returned. + + + +&nbsp; + + + +[**Digix**](https://digix.global/) + +[Subreddit](https://www.reddit.com/r/digix/) + + +* Digix is a DAO (Distributed Autonomous Organization) and is composed of two main parts: DGD and DGX, both of which are ERC-20 tokens. + + * DGD is a governance token that allows holders to vote on proposals that are submitted for the growth of the Digix ecosystem and offers rewards to holders on the basis of their successful contribution to the Digix Ecosystem. + + * DGX is a gold-backed token and is slated for a public market release by end of Q1 2018. DGX is backed by physical gold on a basis of 1 token to 1 gram of gold. "DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management." + +* **UPDATE (3/13/18)**: [DGX will be launching on mainnet this week](https://medium.com/@Digix/digix-dev-update-13th-mar-2018-getting-ready-for-mainnet-kyber-network-exchange-ui-a4d5db6ead98) and Digix will be partnering with Kyber Network to be the first decentralized exchange to offer their asset tokens (like DGX) against ETH at launch. + +* **UPDATE (3/23/18)**: The [first couple thousand DGX](https://etherscan.io/token/0x4f3afec4e5a3f2a6a1a411def7d7dfe50ee057bf) have been created on mainnet and the marketplace opens on April 8. Prior to that, the KYC Whitelist will [open on March 26](https://digix.global/countdown.html) + + +&nbsp; + + + +[**Ethorse**](https://ethorse.com/) + +[Subreddit](https://www.reddit.com/r/Ethorse/) + +* Ethorse is a DApp for betting on the price of Cryptocurrencies and winning ETH from everyone who bets against you. Users bet with ETH on one of the listed coins or tokens to have the highest price gain in a fixed period. Currently live on the Kovan testnet, with mainnet launch before end of Q2. + +* **UPDATE (3/22/18)**: Ethorse has [launched a bug bounty](https://medium.com/@ethorse/ethorse-smart-contract-bug-bounty-adaf4205b886) to stress test the security of its smart contracts and they are estimating the DApp to go live on mainnet [no later than mid-April](https://medium.com/@ethorse/ethorse-project-update-march-19-2018-2d3a798e94a2) + + +&nbsp; + + +[**FunFair**](https://funfair.io/) + +[Subreddit](https://www.reddit.com/r/FunfairTech/) + +* FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts and their own Fate (State) Channels to deliver casino solutions with games that are “fun, fast and fair.” FunFair has been on testnet for many months now and the [Showcase](https://showcase.funfair.io/) has been live for even longer. Currently on-boarding casino operators, FunFair is on schedule to launch with its first operator in early Q2. + + +&nbsp; + +[**FundRequest**](https://fundrequest.io/) + +[Subreddit](https://www.reddit.com/r/fundrequest/) + +* FundRequest is a decentralized marketplace for open source collaboration. It introduces an easy and secure way to reward bugfixes and feature builds on any project. The FundRequest platform will be going live on mainnet in Q1-Q2 and will allow users to fund and crowdfund open source issues on GitHub using the FND token. Developers can claim the FND token after they’ve successfully resolved the GitHub issue. Q2 will also bring the ability to use any ERC-20 token to fund Open Source Issues on GitHub. + + + +&nbsp; + + +[**Giveth**](https://giveth.io/) + +[Wiki](https://wiki.giveth.io/documentation/faq/) + +* Giveth is an Open-Source Platform for Building Decentralized Altruistic Communities. The first working prototype of their “Minimum Loveable Product,” the Giveth Donation Application, is live on testnet and they “expect to fully open the platform for the public in March 2018.” + +&nbsp; + + +[**Golem**](https://golem.network/) + +[Subreddit](https://www.reddit.com/r/GolemProject/) + +* Golem has branded itself as “the worldwide supercomputer.” Golem Brass beta will be releasing on the mainnet before end of Q2, allowing users to sell their computing power and earn real GNT for the first time. + +&nbsp; + +[**iExec**](https://iex.ec/) + +[Subreddit](https://www.reddit.com/r/iexec/) + +* iExec is a decentralized cloud computing platform that is blockchain-based. Using a decentralized cloud that connects users to one another it aims to tackle the current limitations of centralized cloud computing that are holding business and innovation back. + + * Launching in Q2, iExec 2.0 — Cloud Marketplace will include the full marketplace platform network, with the PoCo algorithm [(Proof-of-Contribution)](https://medium.com/iex-ec/about-trust-and-agents-incentives-4651c138974c) enabling the first decentralized cloud. + + +&nbsp; + + + + +[**Kyber**](https://kyber.network/) + +[Subreddit](https://www.reddit.com/r/kybernetwork/) + +* Kyber network is an on-chain protocol which allows instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. Launched on mainnet in February and was at first only available to people on the ICO whitelist but has since slowly started allowing new user on the platform. Currently only has a few tokens listed but that list will continue to grow and will hopefully bring along with it a surge in daily users/volume. + + + +&nbsp; + +[**MakerDAO**](https://makerdao.com/) + +[Subreddit](https://www.reddit.com/r/MakerDAO/) + +* MakerDao is a decentralized stable coin project that is currently live on mainnet. It is composed of two main parts: MKR and dai (both are ERC-20 tokens). + +* MKR is a governance token: "MKR holders are the highest authority in the Maker system - they govern the system and benefit financially when they govern it well, but they also have to foot the bill if things are mismanaged - as a group they need strong social cooperation and a vigilant attitude towards governance." + +* Dai is a decentralized stable coin that is price stabilized against the value of the U.S. Dollar. Dai is used in conjunction with their Oasisdex decentralized exchange, and their CDP (collaterized debt position) margin trading platform to offer "a full solution for global decentralized finance where everyone gets to benefit from the massive economies of scale that become available when global finance is done right." + + * Currently, dai is only collateralized by Ether but multi-collateral dai will be released in Q2. This means dai will begin to be backed by gold (through [DGX]( https://medium.com/@Digix/partnership-announcement-makerdao-and-digix-dgx-gold-tokens-to-play-a-crucial-role-in-the-dai-8ed4c05b622c)) and other ERC-20 tokens. Maker is also looking into collateralizing more traditional investments, like real estate, in the future. + +This project can take a little time to understand, so here's a thorough [ELIM5 walkthrough](https://medium.com/cryptolinks/maker-for-dummies-a-plain-english-explanation-of-the-dai-stablecoin-e4481d79b90). + + +&nbsp; + + +[**Melonport**](https://melonport.com/) + +[Subreddit](https://www.reddit.com/r/melonproject/) + +* The Melon protocol is a portal to digital asset management on the blockchain. The frontend operates on top of IPFS, while the backend leverages off a set of Ethereum smart contracts. Melonport just launched on mainnet and they currently have a bug bounty with 500 MLN in it. In a few weeks, the current version will be shut down for fixes and a new version will roll out. Melonport: "Disrupting the US$84.9 trillion asset management industry, one block at a time." + + + +&nbsp; + + +[**OmiseGO**](https://omisego.network/) + +[Subreddit](https://www.reddit.com/r/omise_go/) + +* OmiseGo is the Plasma decentralized exchange, hosting an open-source digital wallet platform created by parent company, Omise, connecting mainstream payments, cross-border remittances, and much more. They just had their White Label Wallet SDK [public release.](https://blog.omisego.network/the-omisego-ewallet-sdk-is-now-open-source-fce7c61017e9) + +* In Q2, OmiseGO will deliver the OmiseGO network and lay the foundations in preparation for Plasma. In Q2 we will see the OmiseGO Proof of Stake public blockchain release, meaning staking will be possible. + +* (OMG’s cash in/out interface and the Plasma mainnet launch are scheduled for the tail end of 2018/early 2019. Learn more about Plasma from the most cheerful person I know, Karl Floersch, [here](https://www.youtube.com/watch?v=jTc_2tyT_lY&feature=youtu.be) + +&nbsp; + + +[**Request**](https://request.network/#/) + +[Subreddit](https://www.reddit.com/r/RequestNetwork/) + +* Request is a decentralized network that allows anyone to request a payment for which the recipient can pay in a secure way. The first iteration of Request working with Ethereum on mainnet is still on track to launch before March 31. The code for mainnet is currently being audited and when the audits are done, a bug bounty program will follow. + +* **UPDATE (3/16/18)**: Request is currently [undergoing its second smart contract audit](https://blog.request.network/request-network-project-update-march-16th-2018-mainnet-audits-bug-bounties-a-new-hire-2173b8903f5b), which will be followed by a bug bounty program. Request is still on track to be released on mainnet on/before March 31, 2018. + + +&nbsp; + + +[**Spankchain**](https://spankchain.com/) + +[Subreddit](https://www.reddit.com/r/SpankChain/) + +* A cryptoeconomic powered adult entertainment ecosystem built on the Ethereum network. Basically, a decentralized cam site (plus a lot more!) Launching on mainnet in Q2 is SpankChain Camsite v1 which will allow for ETH + ERC20 payments and public and private shows all while implementing a low 5% fee for performers (According to their [whitepaper](https://spankchain.com/static/whitepaper.bbff96f5.pdf#page=4), most adult camsites take between a 30-50% cut of performer earnings on top of payment processing fees). + +* **UPDATE (3/23/18)**: According to community manager Chase Cole, they are aiming to launch the camsite on April 2. + + +&nbsp; + + +[**status.im**](https://status.im/) + +[Subreddit](https://www.reddit.com/r/statusim/) + +* A mobile Ethereum OS. Currently in Alpha with mainnet Beta scheduled before end of Q2 (likely even sooner). + +* (Bonus: some other cool working Ethereum OS apps: [Cipher](https://www.cipherbrowser.com/), [Toshi](https://www.toshi.org/) and [Trust Wallet](https://trustwalletapp.com/) + +&nbsp; + + +[**Streamr**](https://www.streamr.com/) + +[Subreddit](https://www.reddit.com/r/streamr/) + +* Streamr tokenises streaming data to enable a new way for machines and people to trade it on a decentralised p2p network. The data marketplace will be [coming to mainnet by March 31.](https://twitter.com/streamrinc/status/976907510639747073) + + +&nbsp; + + +[**The 0x Protocol**](https://0xproject.com/) + +[Subreddit](https://www.reddit.com/r/0xProject/) + +* 0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers. This isn’t a DApp, but allows for the creation of DApps. + +* A list of some of the DEXs, in varying states of development, that will be utilizing 0x: + + - [DDEX](https://ddex.io/) + + - [Dextroid](https://www.dextroid.io/) + + - [ERC dEX](http://ercdex.com/) + + - [Ethfinex](https://www.bitfinex.com/ethfinex) + + - [OpenRelay](https://openrelay.xyz/) + + - [Paradex](https://paradex.io/) + + - [Radar Relay](https://app.radarrelay.com/) + + - [Shark Relay](https://app.sharkrelay.com/#/ZRX/WETH) + + - [The Ocean X (previously called The 0cean)](https://the0cean.com/) + +&nbsp; + + +Also, an informative article about some of the differences between the various decentralized exchange protocols [here.](https://blog.airswap.io/the-lay-of-the-land-in-decentralized-exchange-protocols-55ed00feb3df) + +--- +&nbsp; + + +Some **general Ethereum** news to be excited about: + +&nbsp; + + +* Vitalik recently hinted, in a since deleted tweet, that the sharding testnet will be coming online in the near future (I think Q2 isn’t too early a guess). + + * What is sharding? Sharding is where the entire state of the network is split into a bunch of partitions called shards that contain their own independent piece of state and transaction history. In this system, certain nodes would process transactions only for certain shards, allowing the throughput of transactions processed in total across all shards to be much higher than having a single shard do all the work as the mainchain does now. [[Source]](https://medium.com/@rauljordan/how-to-scale-ethereum-sharding-explained-ba2e283b7fce) + +&nbsp; + + +* [Alpha Casper FFG testnet](https://hackmd.io/s/Hk6UiFU7z) has been successfully running since Dec. 31, 2017. + + * What is Casper? Casper FFG aka Vitalik’s Casper is a hybrid POW/POS consensus mechanism. This is the version of Casper that is going to be implemented first. In a Proof of Stake system, validators stake a portion of their Ethers and start validating blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it. [[Source]](https://blockgeeks.com/guides/ethereum-casper/) + + +&nbsp; + + +(To stay up-to-date on Ethereum research development, check out [Ethresear.ch](https://ethresear.ch/)) + + + +&nbsp; + + + +* [The Ethereum Community Conference (EthCC)](https://ethcc.io/) is March 8-10 in Paris. Talks will focus around “scalability, anonymity, development tools, governance compliance” among other topics. + + * Speakers include representatives from the Ethereum Foundation, Ledger, Metamask, Shapeshift, Oraclize, Uport, Web3Foundation, Melonport, ConsenSys, JP Morgan, Coinbase – Toshi, Parity, SpankChain, FunFair, Aragon, AirSwap, EEA, IExec, Cosmos, OmiseGO, Circle, Gnosis, among others. + + * **UPDATE**: EthCC was a resounding success! If you missed it or want to re-watch any of the talks, check out this [handy thread of videos](https://www.reddit.com/r/ethereum/comments/83mz5q/all_videos_from_ethcc_18_in_paris/), painstakingly culled and timestamped by u/alsomahler. + + +* [The Ethereum Developer Conference (EDCON)](https://edcon.io/) is May 3-5 in Toronto. This will be the biggest ETH dev conference since DEVCON 3 last November. The agenda is still being worked out, but speakers include representatives from the Ethereum Foundation, Polkadot, Parity, Plasma, OmiseGO, Cosmos, Tendermint, Giveth, Maker, Gnosis, and many others. + +* The Enterprise Ethereum Foundation (EEF) just keeps [growing and growing and growing.](https://entethalliance.org/members/) + +--- +&nbsp; + +###More, because I just can’t stop: + + - MetaMask recently passed 1 million installs! + - 5.6 billion requests per day for Infura.io (Decentralized web3 infrastructure) + - 280,000 downloads of TruffleSuit (ETH development framework) + + [[Source]](https://twitter.com/ethereumJoseph/status/963054611237167106) + +&nbsp; + +* [ConsenSys](https://new.consensys.net/) has grown to over 600 employees in six major offices located around the world. I personally think ConsenSys is important (and awesome) because they are huge Ethereum evangelists and provide (in)valuable resources to help bring DApps come to life! + + * From their website: “The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain.” + + + * Several of the projects I listed above are ConSensys formations including AirSwap and MetaMask. + +--- + +&nbsp; + + +Thanks for reading this far! Hopefully it wasn’t too exhausting of a read. + +&nbsp; + + +I am certain I have forgotten some DApps, so please feel free to comment/PM any and all suggestions/corrections to make this list more informative/inclusive/accurate and I will update it. + + +[TL;DR](https://imgur.com/a/gKING) +Background: I've been buying and reselling toys for about 6 years as a side gig and hobby. I'd amassed quite a bit of cash on hand - both as actual cash (stacks of $100 bills in a fireproof safe) and funds sitting in Paypal. + +In March 2020, an old friend who works in the CBOE texted and said "if you aren't in stocks, buy something, buy anything, right now." I wasn't in stocks, so I said how about a few examples. He said Amazon, UPS, and SPY. So, I took that sideline cash and bought those three. Initial investment of $11,000. I've since sold AMZ, UPS, and SPY, and kicked in a few thousand $ more from the side gig. So I'd say I moved $13,000 cash which was literally not invested in anything, into the stock market. + +Current portfolio (all but the last two earn dividends): + +WMT, MPW, CSCO, CMCSA, NLY, T, OKE, ABR, AMCR, CURLF, LUV + +Overall, the current value of the side-hustle business is about $34,500. That's $20k in stocks, $8600 in cash (to remain liquid or for a rainy day), and $6000 in inventory. Over the years, I cashed out some funds for a down payment on a car, bought a fun toy for me (and a toy for the wife to keep her happy), but otherwise kept every penny of this separate from life's other money. + +A few things I've learned in 11 months. Dividends are cool! I got my first stock dividend on UPS, and my strategy shifted. Don't be afraid to sell and take your gains, and when you do don't look back. I sold some AMZ at $2412, oh well, got a nice gain. Sold the rest at $3303 - excellent! Do some research, but don't kill yourself over decisions. If you see something you don't like, go ahead and sell. You can't diversify overnight - it'll take time. +Newest Members The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. With over 200 member organizations, the EEA is the world's largest blockchain initiative and we've recently welcomed over 80 new members! + +8base Inc. + +ADS Securities + +**Advanced Micro Devices (AMD)** + +Amberdata + +Ambrosus Technologies GmbH + +American Family Insurance + +Apical IT Solutions Ltd + +ArcBlock Inc. + +Artisan Productions, Inc. + +Asset Token + +B9lab Ltd + +Berkeley + +Beyond Manufacturing + +Bitdegree Blockchain Learning Foundation + +bitfly gmbh + +BKX Corp + +Blockchain Association + +Blockchain Research Institute + +BLOCKSKYE INC + +BlockTech Ventures + +BlueMeme Inc. + +Brane Inc + +CharityStars.io + +CipherTrace + +Circularise B.V. + +Coinvest + +Comae Technologies + +Confideal Limited + +CountyBlock + +Crowdz + +Cryptica Capital + +Current + +Digital Treasury Corporation + +Element ASA + +Epiq Systems, Inc. + +**Ernst & Young (EY)** + +Eth Capital Asset Management & Hedge LLC + +EUPSProvider s.r.o. (Worldcore) + +FedChoice Federal Credit Union + +Golden Gate University, Law School + +HADE Technologies LLC + +Hefei Institutes of Physical Science, Chinese Academy ofSciences + +HM Government of Gibraltar + +Hodlion.com + +identitii Pty. Ltd. + +IGNATIUS COBB + +Indian Blockchain Council + +Industrial Technology Research Institute + +Innodata + +**Kaspersky Lab** + +Law Offices of Nathan Mubasher + +Marquette University + +matrics.io (formorly Frost Fire) + +Monetha GmbH + +MTRM Industries Ltd. ("Mattereum") + +NAFCU + +Oaken Innovations, Inc. + +OriginTrail Ltd + +Peregrine Foundation + +Petroteq Energy + +**Pfizer** + +Quisitive + +Ripio International Ltd + +**Royal Bank of Canada** + +SEAL Network + +**SK Telecom** + +SmartKargo + +SmeSavings + +Spherik + +Steptoe & Johnson LLP + +Tesla Foundation + +The Abyss + +The Ananas Foundation + +The BlockchainHub + +The Institution of Engineering and Technology + +thecoinlab ltd + +Transcosmos Inc. + +TransformationWorx + +UnionBank of the Philippines + +United Traders + +UNIVERSAL COIN INTERNATIONAL INC + +Viberate d.o.o. + +XAIN AG + +XinFin Fintech Pte. Ltd + +Zap + +Zenoic Pty Ltd +Fundamentally - we have a depressingly small amount of supply in the housing market. Regulations that put massive Dow wars pressure on building new housing are a massive drag on people spending large portions of their income on single bedroom apartments. + +But I have to imagine beyond the immense pushback property owners would (and do) have to liberalizing construction, crashing the equity of the middle/upper middle class by driving down the cost of housing wouldn’t be looked on too friendly and if the HPI change became negative it would adversely affect the mortgage industry a lot. + +So how do you solve this problem (deregulate housing) without causing absolute havoc? I’m open to “you can’t do let’s just have havoc!” - it’s hard for me to feel sympathy for a NIMBY - but I’d love a better alternative. +I can't believe that it isn't required for a vendor to make one available, for free, for prospective buyers. I can't believe that it covers only accessible areas. + +The ones I have seen or paid for literally all say the same thing. "No live termites found but LOL you live in Australia so who knows. Also there might or might not be damp... it's hard to say cos LOL you live in Australia. Also we couldn't access the roof cavity or subfloor so there could be ventilation issues and other issues LOL. We did however notice there was a cracked tile, and one of the doors squeaked, so we recommend you appoint a construction professional to fix this immediately otherwise THE WHOLE BUILDING MIGHT FALL DOWN" + +What a scam. What a rort. + +EDIT: for everyone saying "make your offer conditional on BPI" or "why wouldn't you pay to get it done"? - Have you heard of a place called Sydney? Where everything is sold by Auction? Which means no conditions are attached to the sale? And where whether you even get to raise a paddle to make a bid depends entirely on EVERYONE but you. + +I also can't see how it is NOT in the sellers best interest to provide this independently anyway. Want to make buyers not engage with a property? This is how. +He probably has the most subs among the finance youtube space. For months in 2021 he had been saying inflation would inflect down in September/October 2021 and there would be an end of year rally. So he loaded up on call options in August to prepare for it. Then adjusted his timeline to Jan-Feb 2022. He sold out of several stocks in November. Then went all in last two weeks of December thinking there would be rally in Jan 2022. Just a couple days ago he was still super bullish saying stuff would rebound. Made a video slamming Bill Ackman for shorting market in March 2020. And blamed "the suits" for manipulating the market. He went from that to suddenly selling out of 99.9% of his portfolio and is now shorting the market. He saying he wants to get back in around March 2022 since he thinks that is when max pain will be. He apparently told his course members in private he sold at least a day before he told his public viewers. + +I watched his channel off and on but never took stock advice off him but kept seeing red flags before this. Such as how his watchlist was filled with speculative stocks. He bought DOCU in the midst of its earnings dip around $180 saying it was an overaction. He also bought COIN on day 1. So that is a shame he went from preaching buy the dip to panic selling to try to time the market. +A new round of budget is being tabled in the parliament today by our Finance Minister. + +Few links to live budget updates: + +- [Official Budget Website](https://budgetlive.nic.in/) +- [ClearTax Budget 2022 Thread](https://cleartax.in/s/budget-2022-live) +- [Moneycontrol Live Thread](https://www.moneycontrol.com/budget-2022/) + +NOTE: + +- No political discussions here, there are other communities that might be more suited for these types of discussions. Only focus on how it can impact economy, and your pockets! + +- No misinformation or FUD. + + If you claim something has been announced, which actually hasn't, and intentionally try to flame-bait people; expect to hear from the moderators. +Lurker for nearly two years here. Some information held back to conceal my identity. + +I have no one to tell about this huge victory because I kept my debt a complete secret. I hope that someone who is in debt reads this and knows that you're not alone and you CAN get out of debt. Maybe not entirely. But the journey must start somewhere. I am super lucky I live in Canada where I don't have medical debt and I have a sibling who I could move in with. While I was in debt, my income was about $60k per year. I know this sounds like a ton of money but I live an extremely high cost of living area and when I started to get sick, my income dropped significantly (I am hourly). + +In May of 2018, I was diagnosed with a gynecological cancer (I am early 30's and it is not a common cancer for young women...which is why I wasn't diagnosed for some months) and had surgery to remove a large tumour. My tumour was Stage 1 and had not spread. I recovered and went back to work in August of 2018. That was ROCK BOTTOM. When I went back to work, my debt had hit $24,900 and yes, it was entirely on two credit cards with 19.99% APR. No bank would give me a consolidation loan. My parents and siblings did not have money to spare. My parents had just divorced and my siblings were making large life changes such as buying property (1 sib), having children (2nd sib), and going back to school (3rd sib)...I did not want to ask. I kept it a secret. + +My entire debt was racked up between March of 2017 and May of 2018. The triggering event was...my bf of 8 years dumped me out of the blue and left our shared apartment in March of 2017 (while I was at work...). I live in Vancouver, Canada, where a 1 bedroom is about $2000/month. Following being dumped, I had to find a new place to live in a city with a vacancy rate hovering around 1%. Rents were skyrocketing. + +When I was dumped, I had no debt. I also had NO savings, as I just thrown my entire savings account at my student loan to pay it off (HORRIBLE TIMING). So...always have an emergency fund. Do not start paying off debt until you have $1000-$2000 saved up...or else you'll just go into debt again. + +I went into debt to pay for an apartment deposit (rent, damage deposit, tenants insurance, moving van ect). Then my car (an old Honda that is still going today) needed extensive repairs (brakes). My hearing aids died in September (Yes, I am partly deaf, and no, these are NOT covered by Canadian health care...my hearing aids were $6000). And I started to get sick and work less. I had no idea I had cancer. I was not diagnosed properly until my third doctor's visit. Around this time, my work was wondering why I was coming in super late and wasn't producing good work. I am a professional (regulated profession, won't say which) and this was scary. I thought I was going to lose my job. + +So I racked up ALOT of debt. When I got sick and finally got a goddamn medical certificate signed by a doctor, I had to wait for my Employment Insurance to kick in, and paid my bills using credit cards. I had no short term medical insurance from my workplace. The benefits are shit...anyways. + +Here is what I did to get OUT of debt. + +\- I moved out of my expensive apartment, sold half of my belongings on Craigslist, and moved in with a sibling over 1 hour from my work (one way) into a really crappy apartment + +\- I sold things like my skis on my craigslist. This HURT. But it was cash. Threw that at debt. + +\- I started to work at home more to cut down on my commute (I realize this isn't feasible for a lot of people but basically, gas will KILL you, as will wear and tear on your car. If you can't work at home, move closer to work, move into a house with 8 PEOPLE, whatever it takes. Debt is an EMERGENCY). + +\- I threw every DOLLAR at my debt. Every payday, I kept an $x amount of money for my cellphone bill, rent, gas, and food, and threw the remaining $ at my debt. If the money wasn't in my account I could not spend it. + +\- Stopped buying ANYTHING. I cut my own hair. I made my lunch. I ate shit like crackers and canned soups. I stopped buying clothes. I sewed holes in my clothes. You name it. NOTHING. + +\- I did a balance transfer to get some debt onto a 0% card (10 months of no interest, pay $10 per month to maintain the balance) + +\- Took care of my mental health by going for walks, riding my bike, reading at the library, grabbing an ice cream, calling my friends, visiting my parents, writing in my journal, going for hikes ect. + +\- I got serious fatigue paying off my debt. I felt like I was throwing money at a fire and it never went out. This will happen. It is called debt fatigue. When this happened, I would go for a walk, cry in my car, write down how much I had paid off, write down what I would do when the debt was gone...it helped. You have to push through this. It is incredibly difficult but once the balances start dropping, it gets easier and easier. You start to see the light at the end of the tunnel. + +\- I've read this before. You sometimes cannot budget yourself out of debt. Sometimes, it is just too big. I just want people to know, you can be in the darkest hole of your life (for me, that was being dumped by my partner of 8 years at age 32, getting cancer that threatened my ability to ever have kids, and winding up in deep debt) and you MUST stick to the plan, write down your goals, and DO something about it. The bad times won't last. Tough people do. + +Fuck...I can't believe it is gone. Thank fuck. + +Always have an emergency fund. ALWAYS. If transportation or rent are killing you, be creative to the best of your ability, I know it is HARD out there, I am a renter in an insane market and I live in a CLOSET. My car is a piece of shit. My clothes have holes in them. But my debt is GONE. Do whatever you can! + +Bless you all. + +&#x200B; + +edit. Thank you for the gold. +RC was very close to his dad, read some of the interviews. His methods of delighting your customers and focusing on long term growth are things RC does to this day. For those who don't know, Ryan Cohen's dad passed away December 2019. May he rest in peace, I mean no disrespect with this post. + +&#x200B; + +>Everything I know — from empathy to the principles of making money — I **learned by following in the footsteps of my late father, Ted Cohen**. We spoke for hours every day. He was, and always will be, my best friend, advisor and biggest advocate. + +\- [RC](https://www.entrepreneur.com/article/349890) + +March 17 is the birthday of his dad, RC tweeted [Superman lives forever 🙏](https://twitter.com/ryancohen/status/1372270634374467587) in 2021. + +It's probably no coincidence that the earnings date has been advanced by a week. On lucky green St. Patrick's Day, but more importantly, a date that's close to RC. + +I have a feeling this will be not just a regular earnings call, but a very important moment in the GME saga. + +A strong earnings result due to holiday sales, very high DRS numbers and a possible announcement of new product launches - we might see the announcement of the NFT marketplace launch. + +RC didn't chose this date without reason. + +Ryan, I'm sure your dad will be immensely proud of you. Your shareholders fully support you. 💛 + +&#x200B; + +https://reddit.com/link/t925jg/video/bgf0e9f9l1m81/player +Network fees, Coinbase fees, conversion fees, selling fees, fees for breathing. This is not how crypto should be. $30 to move my bitcoin is absurd, and way more $ to move Ethereum and ERC-20 tokens. I can transfer money from bank to bank with ZERO USD in fees.. It’s ridiculous and it will start to take notice. Imo it’s slowing down adoption & frustrating the hell out of people, myself included. +There’s a big difference between making 50k a year and living off of 50k a year. I think a lot of people who are dividend investors fail to understand that you don’t need that 100k a year in dividends to retire. Having a salary of 50k that fades away to rent, savings, investing, food, bills, or taxes. You can be left with nothing. So you keep working to pay for it all next year. Once you invest long enough to make your salary in dividends and retire it’s all so much simpler. You can already pay all your expenses but you no longer need to invest or save heavily. You live off of a lot less money they what you need to make at a job. Plus dividends will always be a more secure source of income than a job that could fade away. Which everyone learned during the first lock down from Covid-19. Just food for thought. It doesn’t take 30-50 years of compounding, you can retire sooner than you think. +Curious whether people choose to stay in California assuming you were already here for work. Of course everyone complains about the taxes and high CoL but once you’re in a position to control how much passive income to realize (dividends, stock sales, etc) it doesn’t have to be *that* bad especially if you own a place already. + +Also I’m assuming Biden will retroactively reverse the SALT deduction limits which further reduces state specific tax burdens. +&#x200B; +