diff --git "a/reddit_finance_43_250k_294.txt" "b/reddit_finance_43_250k_294.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_294.txt" @@ -0,0 +1,10000 @@ +I rarely see any discussion about it, why is that? I've seen people on r/cryptocurrency telling that coins like Nano or even Doge will overtake Bitcoin as a currency since it has high fees and slow transactions while these coins are complete opposite. But Bitcoin lightning network is offering extremely low fees and instant transactions. So, why is nobody talking about it? It seems to me that majority of people don't even know about it, and I cannot understand why since it solves such a big problem. + +Edit: thanks everyone for downvoting my post and comments just because I asked a normal question. +Back in October I went to a car dealership to try and finance a used car, unfortunately the insurance was way too high, like $680/mo so I decided not to get the car. Today, my credit karma app shows for the first time that on that day at the dealership my credit got hit 4 times. Probably because they were trying to find an institution to finance me. Is there any way I can remove some of those inquiries? +***Here’s the article link (using archive version bc WSOP domain is blocked here):*** [***https://archive.today/qfEff***](https://archive.today/qfEff) + +# ============ + +# “These 3 Charts Strongly Suggest the U.S. Stock Market Has an Invisible Hand Propping It Up” By Pam Martens: March 23, 2022 + +As someone who has watched trading screens for the past 36 years, it’s pretty easy to spot a fake market. As the charts below indicate, there is an invisible hand (or hands) pushing this stock market up when it should be plunging. The likely suspects are U.S. Treasury Secretary Janet Yellen’s Plunge Protection Team, known as [the Exchange Stabilization Fund](https://archive.ph/9NWoh); foreign central banks that are aligned with the U.S. position on Ukraine and want to help stabilize financial markets in the West; hedge funds and [Wall Street’s Dark Pools](https://archive.ph/f2Pin) owned by megabanks that are net long the market; or a combination of all of the above. + +One thing’s for sure, the stock market is not responding in a normal fashion to soaring inflation, a hawkish Fed, spiking interest rates, and military aggression by an out-of-control dictator with 6,000 nuclear warheads. + +Consider the chart below: since the Russian invasion of Ukraine on February 24, the yield on the 10-year U.S. Treasury note has skyrocketed by 20 percent, currently reaching 2.38 percent. That was a correct and normal reaction since inflation is already soaring in the U.S. and the military aggression is going to disrupt oil and gas supplies from Russia via sanctions, thus likely pushing commodity prices even higher. In a normally functioning stock market, an increase in yield of that magnitude on the 10-year Treasury note would have caused the stock market to plunge. Instead, per the chart below, the S&P 500 stock index has actually risen 5 percent since the Russian invasion of Ukraine. + +[Yield on 10-Year U.S. Treasury vs S&P 500 Since Russian Invasion of Ukraine](https://preview.redd.it/pd5nhoztv8p81.jpg?width=580&format=pjpg&auto=webp&s=9d462a2bc74504de252a075b6a851985971a4e23) + +The stock market’s bizarre behavior is further evidenced by the chart below. It shows how the S&P 500 stock index has performed in relation to the S&P GSCI commodity index since the Russian invasion of Ukraine on February 24. Notice particularly how the dramatic spike in commodity prices between February 24 and March 8 was not met with a dramatic plunge in stock prices during that same period. It should have been. Then there is the equally important fact of a big yawn from the stock market as a nuclear power invades a sovereign nation of 44 million people, bombs its cities and towns to rubble, and persists in making threats against the U.S. and allies that are supporting Ukraine. Commodity Prices vs S&P 500 Since Russian Invasion of Ukraine + +&#x200B; + +[Commodity Prices vs S&P 500 Since Russian Invasion of Ukraine](https://preview.redd.it/ozi4gmw1w8p81.jpg?width=580&format=pjpg&auto=webp&s=893243bfe614a50f8e65d89fb41574107719410e) + +And, finally, there is the disparate reaction of the stock market versus the correct share price reaction of the global banks that will be impacted by the Russian invasion. The chart below shows the radically different response from the stock market, as measured by the S&P 500 index, versus global banks since February 1, 2022. We selected the date of February 1 because that was the point at which Russia had amassed 100,000 troops near Ukraine’s borders, backed up with tanks and artillery. The global banks shown on the chart below are those with significant exposure to Russia. The worst performing of these, Austria’s Raiffeisenbank, has lost 50 percent of its value while the S&P 500 is down less than one percent from February 1 as of yesterday’s market close. + +The stock market is supposed to be an efficient pricing mechanism. When it stops efficiently pricing risk, it loses the public’s confidence. Those invisible hands should think long and hard about that reality. + +&#x200B; + +[S&P 500 Stock Index vs Global Banks Since February 1, 2022](https://preview.redd.it/908y7ehaw8p81.jpg?width=625&format=pjpg&auto=webp&s=f8cd4a7730fb614f583c660e7af56b4ecc91d921) + I was reminded on my drive home from work the part in the shawshank redemption where Andy has spent years secretly tunnelling out and is one day gone. A great reminder of our FI at work strategy. +I’ve been meaning to write this post for several weeks now. I originally learned about this concept in The Four Hour Work Week, and I think it has financial independence written all over it. I’ve expanded on the premise just a bit, its not uber profound but I think very pertinent to the way in which we think about work. + +Absolute Income = Your total gross income you make in a year + +Relative Income = The income you make per hour working, or per responsibility you manage + +It’s easy to get jealous of the seemingly endless number of people in this sub claiming they make $300k a year, or $200k, or some will get jealous over all the $100k salaries. Some of us are pulling in $70k, $50k, or $40k annual salaries and thinking WTF did I do wrong. And really none of it matters because we're talking about Absolute Income and not Relative Income. + +Jobs that pay $150k/year and higher are generally very difficult to get and will generally require a high level of responsibility, education, stress, and time commitment. (And I’m not talking about $150k in ultra HCOL areas - just the general US.) If you’re making $150k, $200k, $300k or higher you are likely working alot of hours, have tons of responsibility, and little free time. Not to mention the grit and grind and BS it took to get to that salary in the first place. Sure there are exceptions, but this appears to be a general trend. There are people in this sub who will work non-stop making $300k, $400k, $500k per year until the day they die, because they are addicted to the pleasure and security money can buy. + +The more important figure to consider, especially for those seeking freedom and independence, is relative income. Relative income is the amount of money you make relative to the hours worked, the stress/responsibility taken on, the flexibility of your schedule, and your local COL. + +Who’s doing better: someone making $300k/year as a banker in NYC working 80 hours per week ($72/hr) or a part time business owner in the Midwest working 10 flexible hours per week and 35k per year? ($67/hr) + +Or another, less extreme, example: a business executive making $100k/yr yet working 60 hours per week ($32/hr) or their neighbor, a government manager making $75k/yr but only working 40 hours per week. ($36/hr, plus potential pension) + +Relative Income matters a ton in regards to financial independence. If I’m a nurse that can live frugally on my $30/hr salary while only working 2 ten hour shifts per week, I’ll enjoy my 5 days off while my peers work endlessly. + +Similarly, if I’m a plumber or a software engineer that can work contract part time, somewhat flexible, yet still accrue more than I need to live off of, I’ll take that any day over working 60 hours a week for a plumbing company or Amazon. + +If I can save up $300k, which will produce $1,000 per month in income forever. I can take a step back and coast. Maybe I’ll work part time, or maybe I’ll take a job that requires only 40 hours of work, and not the typical 55-60 I’m used to, regardless of overall salary. Because Absolute Income is meaningless (unless you want to live your life working,) we need to focus on Relative Income. + +I’m not saying it's wrong to grind it out making the big salary while you can. But as we compare salaries and careers we’re really comparing apples and oranges. It’s easy to lust after those big numbers as we read them throughout this forum. But I suspect there are some overworked, overstressed, people behind those numbers who enjoy very little free time. And for some people they’ve lived that way for decades. Just something to consider. + +If you can achieve a healthy savings rate, allowing you to retire in under 15 years, yet work a low stress 40 hours per week, you’ve struck gold. Forget the uber rich in this sub throwing out ridiculous 6 figure numbers (but I am a little jealous of you sometimes.) + +If you can hit your “coast number” and find a way to still live well via working part time, you’ve struck a similar gold mine. Relative Income matters way more than Absolute Income. + +I've been thinking about something for a while. I want to set up my children to be able to not need to worry about retirement. At least... Not as much as I, and a lot of the people on this sub, do. Essentially, I want to put some money away, invested, that will grow enough that they'll be coastFI from birth. + +A few quick calculations suggests that $10k per child at 7% annual return is perfect, leading to an average of a bit over $800k at age 65. + +Any thoughts on how to get it to them with the least tax burden? What about protection from creditors? My current plan is to "pay" them $5000 each year for the first two years of life (like as photography models - maybe make and sell a baby calendar at a loss) and dropping that money into a Roth IRA on their behalf, but I'm not entirely sure if that'll work the way I expect it to. + +Obviously this would push my FI date back by a bit, but I can't help but think it'd be worth it. + +**Edit**: Did some more research and looked into many of the comments here. Looks like Schwab (at least) offers an easy to setup custodial IRA or Roth IRA for children. Score! I'll also likely talk to an actual professional before deciding in the end. I think I have a benefit from work for that as part of my EAP. + +People saying this is tax fraud. No, it's not! Not if done properly, that is. The quotes around pay were because I'd assume I'd operate at a loss, but I'd still route it through either sole proprietorship or an LLC. I wouldn't just employ them on paper - I'd actually print and sell something with their likeness. + +The creditors part: I live in the USA. One minor accident/injury/illness/etc is a bankruptcy for the vast majority of people. I want their retirement fund protected from that. + +And to all the people who are super angry about the idea of "trust fund babies". The idea isn't that they wouldn't have to work - it's that they would be able to do the work they want rather than being forced into the most lucrative possible position. Jealousy is not healthy. +[Vanguard slashes the price of financial advice](https://www.thisismoney.co.uk/money/investing/article-9482093/Vanguard-slashes-price-financial-advice.html) + +US investment giant Vanguard aims to shake up the financial advice market with the launch of a cut-price service tomorrow. + +Already known for low fees for its funds, which track markets rather than using skilled managers to pick investments, Vanguard will charge 0.79 per cent a year for financial advice – including the cost of the investment funds and platform fee. + +The move could send shockwaves through an industry where the fees of fund managers and financial advisers often add up to more than double this. + +Traditional financial advisers charge an initial fee of 2.4 per cent, followed by 1.9 per cent a year in fund and advice costs on average, according to the Financial Conduct Authority. + +Vanguard, the world's second largest asset manager, could also grab billions of pounds in business from the estimated nine out of ten people who do not currently get any financial advice – often because they fear they can't afford it. + +Sean Hagerty, head of Vanguard Europe, says: 'For many investors the cost of advice is a barrier – it is not uncommon to see total fund management and advice costs of more than 2 per cent.' + +Vanguard's service will not be as comprehensive as offered by independent financial advisers. + +For example, its advice does not cover inheritance tax planning, property and other assets and insurance products. + +It also does not enable savers to buy funds aside from its own. + +For savers with complex finances, specific goals, or who want plenty of support, an independent financial adviser could still be the best solution. But for savers with straightforward finances, the Vanguard service could be ample. + +This is not the first time Vanguard has thrown down the gauntlet to the financial industry with rock-bottom prices. + +In 2017, it launched an online investment service costing just 0.15 per cent a year – considerably cheaper than the incumbents. + +And last year it added a self-invested personal pension charging 0.15 per cent a year – capped at £375. By comparison, wealth manager Hargreaves Lansdown charges up to 0.45 per cent a year. + +Vanguard hopes its new 'personal financial planning' service will appeal especially to people coming up to retirement and who want to turn savings into a secure income for their old age. + +It will offer advice on how to achieve retirement targets by exploring a range of tax-efficient options. This will be particularly important for savers who risk breaching the pension saving lifetime allowance of £1,073,100. + +Any money above this level taken as income incurs an extra 25 per cent charge and taken as a lump sum is taxed at 55 per cent. + +Hagerty says: 'We see the lifetime allowance as something that could become a factor for many people – and we aim to provide support so clients are able to consider other tax-efficient options, such as individual savings accounts.' + +Initially the service will only be open to people with at least £50,000 to invest and this money will have to be put into Vanguard's range of funds. + +Those with savings of £50,000 to £100,000 will be offered a 'digital financial planning experience'. + +They will also be able to talk through the details and their aims with an adviser over the phone. + +Savers with more than £100,000 can have video-based conversations as well as accessing phone support. + +Meanwhile those with more than £750,000 invested will get their own financial planner, who will also be able to offer face-to-face financial advice. + +Hagerty says: 'Financial advice will be offered by real people – not robots. But once advisers have discussed retirement targets with clients, they will use technology to help manage a portfolio.' + + +Vanguard will use back office technology to set off alerts when it is time for a customer to move their money into different accounts or receive fresh advice. + +These alerts will be triggered at points that customers have agreed in advance with advisers. They could include, for example, when a customer hits an investment goal, or needs to change the level of risk of their investments as they move closer to retirement. + +Advice will not cover non-Vanguard-branded investments, though these could still be taken into account when coming up with a financial plan. + +Vanguard offers more than 75 funds to choose from, which track indices such as the FTSE All-Share Index and the FTSE 100. + +Hagerty says Vanguard is not trying to take money from independent financial advisers, as they play a vital role in the market. + +Yet these advisers might still have plenty to fear – with Vanguard calculating that its low-cost model means an investor with a £250,000 lump sum could save more than £190,000 over 25 years if they pay 0.79 per cent a year in total charges for fund management and advice rather than 2.4 per cent of their investment upfront and 1.9 per cent a year thereafter. This is based on a projected return of 5 per cent a year. + +Hagerty adds: 'With potential savings of hundreds of thousands of pounds, you may ask yourself whether paying for expensive managed funds and financial advice offers value for money.' + +Most independent financial advisers charge an annual fee calculated as a percentage of your investments, but some charge an hourly rate, generally about £150 an hour. + +New player Bancroft Wealth offers financial advice for a competitive flat fee of £500 a year. + +Jeremy Fawcett, founder of the consultancy Platforum, believes the new Vanguard service could steal customers from existing so-called robo-adviser services, such as Nutmeg, as well as DIY investment broker services that offer advice arms, such as Hargreaves Lansdown and Fidelity. + +Nutmeg charges 0.99 per cent a year for managing funds, but requires a one-off £575 for 'personalised planning and advice'. + +Hargreaves Lansdown charges an initial 1 per cent for 'investment advice' on the first £1 million you have with it, with a minimum charge of £495 if you receive advice by phone. + +Ongoing financial advice costs 0.365 per cent a year. The fees are separate from any fund charges. + +Fidelity offers a 'Wealth Management' investment advice service charging 1 per cent of the amount to be managed and 0.5 per cent a year for a review. This levy is separate from any fund charges. +We’ve probably all heard of the phenomenon that is ‘yield farming’ by now. In short, this is a process during which users temporarily lock up some of their assets in order to recieve rewards or interest. This can include liquidity mining, staking, lending, minting and anything in between. Basically, anything that lets you ‘harvest’ additional yields on your assets (next to a potential price increase of the underlying asset). + +These rewards come in different forms, such as in the very same asset that was originally deposited, or in a totally different one. Or in multiple different assets, even. These assets can then be put to work again, in order to accrue additional rewards, which can be put to work again. And so forth. Yield farmers can participate actively in multiple yield farming strategies on different protocols or blockchains at the same time, too. + +Yield farming has been there since the very beginning of the DeFi boom during the summer of 2020. Arguably, it was the meteoric rise of yield farming options as well as the DEX that formed the moat of this boom. Since then, DeFi has been on an unstoppable run and an ever increasing amount of money is being circulated (and generated). Today, there is hardly a DeFi protocol that doesn’t incorporate at least some form of yield farming and it has become an unmistakable pillar within the world of crypto. + +As you might expect, participating actively can quickly turn into a highly complex operation. And an expensive one too, as each seperate transaction requires more gas, or fees, to be paid by the user. This is explains, in part, why yields can often be so attractive; Actively farming is labor-intensive, expensive and complicated. + +*But that’s about to change.* +Dracula Protocol V2 fully automates these complex and expensive processes, and makes it as easy as clicking a button for anyone to earn the highest yields possible on their assets. But perhaps more importantly, Dracula also eliminates the gas fee problem alltogether, further adding to its’ user returns. + +To achieve this, the Dracula team has built out a protocol-agnostic platform that is able to communicate with any protocol and collect rewards autonomously. It takes all the hard work out of yield farming under a single web interface. Which is great, but there’s more. + +**Gas elimination** + +Gas fees are another major issue, often forcing regular users out of lucrative opportunities. Dracula Protocol drastically reduces fees so that regular users are priced out no more, and turns the money saved into additional yield. + +It achieves this by cleverly pooling user funds together. This way, Dracula only requires a single smart contract interaction to act on the behalf of an entire pool, versus thousands of individual interactions required otherwise. This single transaction fee is then spread out over the entire pool, resulting in an extremely low fee per user. All this capital saved is then distributed back to users in the form of additional yield. + +**Whale power** + +Whales dominate the markets through sheer firepower. In yield farming, that is no different. Each whale owns a large piece of a specific pie, and gets to take home the best returns while excercising control over the market. They leave individual holders vulnerable, who risk being dumped on while chasing lower returns. Dracula Protocol was originally designed to combat exactly this. + + +>To fight a whale, one must become a whale. + +A third major benefit to Draculas’ pooled farming is its ‘whale power’. Every market Dracula enters, it enters with the combined firepower of thousands of individuals. This allows Dracula itself to act like a whale entity on behalf of its users and claim a significantly larger piece of the pie, bringing home even better returns. It levels the playing field and is able to fight other whales on their own terms. With the added comfort of full automization and significant gas savings. + +*But it gets even better.* + + +**Profit compounding** + +As explained earlier, one temporarily lock up his/her funds in order to accrue rewards. The longer the lock-up, the more rewards to be claimed. To maximize returns during this period, however, one would ideally claim rewards and re-stake regularly. This allows one to continue farming with a larger stack, which accrues more rewards and so forth. This is known as ‘compounding’. But compounding is labor-intensive and expensive, with each transaction setting you back additional gas fees. Often times, this is only worth the effort (and money) after an extended period of time and significant rewards. This is sub-optimal as no compounding takes place in between, making you miss out on additional gains.Dracula fixes this through its extremely low gas fee structure and automization capabilities. This allows Dracula to collect and compound rewards on a daily basis autonomously, while only having to pay for a fraction of the gas fees. + +**Additional yield booster** + +As if a single web interface, full automation, higher returns, massive gas savings and auto-compounding isn’t enough, there is one last trick up Draculas’ sleeve.Dracula built a second, interest-earning layer on top of the automized yield aggregation process. Partner Rari Capital is integrated to achieve this. This is designed to function as an additional yield booster, actively earning users interest on top of their growing capital. It automatically switches between the most efficient interest-earning strategies available, itself always ensuring the highest additional returns as well. Mind you this profit on top of profit is being auto-compounded on a daily basis, only further adding up for its users. + + +>Dracula Protocol V2 is set to launch early April 2021 + +**ETH and DRC$ETH** + +So what if you’ve turned enough profit and you’d like to cash in? Normally, you’d be left holding multiple types of tokens you’d have to have to sell individually. Another labor-intensive, expensive task. But not with Dracula.Dracula is unique in that it ‘s able to convert everything for you, and allows you to withdraw your profits into a single token, namely $ETH or $DRC (stablecoins might be next). This eliminates another burdensome part of yield farming and offers you direct exposure back into DeFi’s native currency, without having to do anything.But there’s another option. + + +**$DRC** + +$DRC is the native currency of Dracula Protocol (Not to be confused with ‘Digital Reserve Currency’). When a user opts to be paid in $DRC, something interesting happens. + +This $DRC doesn’t come from minting and releasing extra tokens, like so many protocols do today. Adding to a (hyper) inflationary token design. All $DRC has already been minted and is out on the open markets. And its supply is capped, meaning no extra $DRC can ever be released. Instead, a buyback mechanism is activated and every time a user collects profit, this $DRC is bought up straight from the open markets, adding buying pressure to the token. + +This could potentially lead to strong, automized buying pressure to a capped, non-inflationary token. Community members sometimes refer to $DRC as a ‘self-pumping’ token. And it actually kind of can be. It’s not hard to imagine what a potential $200,000,000 Total Value Locked on the protocol earning high yield for its users each day could do to buying pressure when 50% chooses to receive their rewards in $DRC. Taking into account $DRC’s current $12 milion market capitalization, that might not be a bad proposition. + +In the future, a token burn mechanism might be introduced through community governance as well. Say, 0.5% per payout. Enough to actively reduce supply, but to maintain market-beating returns. The thought of a ‘self-pumping’, deflationary token is not that far off with $DRC. No matter how ridiculous that may sound. + +**Conclusion** + +Dracula Protocol is a fully automized yield aggregator and booster that actively pursues multiple strategies and mechanisms to ensure market-beating returns and ease of use for its users: + +* One single user interface +* Multiple yield farming options +* Full automization +* Near total gas fee elimination +* Whale dominance in pools +* Daily profit compouding +* Additional interest earnings + +Profits are payed out in the form of $ETH or $DRC, a non-inflationary token bought up from open markets, ensuring constant buying pressure. + +Dracula Subreddit: r/Draculaprotocol +Dear Friends and Apes, + +while most of you should be aware of the ongoing fu\*\*ery in Germany I decided to take a look at "Where to complain about this sh\*\*y situation?" + +I was able to find the answer on: [https://www.eba.europa.eu/consumer-corner/how-to-complain](https://www.eba.europa.eu/consumer-corner/how-to-complain) + +You can find all relevant information on that webpage or below. + +# WHY is this important? + +It looks like no regulator wants to step in on their own and shed some light on this situation.German Bafin made a press release that they were notified by retails about the current situation ([https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=3A832E5A8A1AD57406C37E1CE72402DB.1\_cid500](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=3A832E5A8A1AD57406C37E1CE72402DB.1_cid500)) - and for this reason - we as investors should have an interest to bring this to the attention of every regulating authority in every country we are living in. + +# WHAT is this about? + +"On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022." (Source: [https://news.gamestop.com/stock-split](https://news.gamestop.com/stock-split)) + +While Gamestop issued a stock dividend - many broakers and banks handle this event as a stock split. + +The difference between a stock split and a dividend is: + +Stock Split - You divide your share/cookie into 4 pieces. + +Stock Dividend - You recieve 3 additional shares/cookies and now own 4. + +Gamestop further stated:"*GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants.* ***We recommend that stockholders using a brokerage firm contact that firm with needs or questions.*** *Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares.*   + +*We appreciate your investment and enthusiasm.* ***Although we are not able to engage with individual brokerage firms***\*, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC."\* [*https://news.gamestop.com/stock-split*](https://news.gamestop.com/stock-split) + +&#x200B; + +# For this reason, I think it is really important for every investor to make sure he recieved a dividend and no (!) split - for this reason WE as INVESTORS should use every legal option to bring this situation to the attention of: + +# 1. The bank and broakers we use! + +# 2. The Institutions and Regulators who are monitoring the banks and broakers we use! + +&#x200B; + +# Below: The Guide how to complain according to [https://www.eba.europa.eu/consumer-corner/how-to-complain](https://www.eba.europa.eu/consumer-corner/how-to-complain) + +# "How to complain + +As a consumer you have the right to complain against a credit or financial institution in case you are not satisfied with the products or services provided. Although the EBA has no direct competence with regard to complaints against a credit or financial institution, in this section you will find some suggestions on the submission of complaints: + +&#x200B; + +1. **Contact the credit or financial institution** +2. **Submit an official complaint** +3. **Contact your national competent authority or Ombudsman** + +## 1. Contact the credit or financial institution + +If you are not satisfied with the products or services provided by a credit or financial institution, you should first contact the customer service department of the respective institution. Contact details are usually available on their websites. For a prompt identification of the problem, it is always advisable to support your claim with relevant documents (i.e. the contract you concluded with the institution or any other document that would help identify the products and services for which you are complaining). + +At this stage, credit or financial institutions are usually willing to help consumers in addressing their disappointment. **Nevertheless, in case you are not satisfied with the solution proposed, you can still submit an official complaint.** + +## 2. Submit an official complaint + +Each credit or financial institution shall have in place specific procedures for dealing with complaints, which are usually available on their website. Therefore, you should follow the procedure indicated for the submission of official complaints (preferably in written form). Again, supporting documents will be useful. + +## 3. Contact your national competent authority or Ombudsman + +In case you are not satisfied with the response provided by the addressed credit or financial institution, you can refer to either the respective national competent authority or the Ombudsman, when appropriate. To identify your national competent authority, please click on the corresponding country from the list below. + +\[ -- Add from: [https://www.esma.europa.eu/investor-corner/file-complaint](https://www.esma.europa.eu/investor-corner/file-complaint) + +"According to EU law you should have access to simple, effective and low-cost out-of-court ways to resolve disputes with your service provider. These are known as Alternative Dispute Resolution (ADR) entities. They should respond to your complaint within 90 days. + +Please refer to [Directive 2013/11/EU](http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2013:165:0063:0079:EN:PDF) of the European Parliament and of the Council on alternative dispute resolution for consumer disputes for more details" --\] + +&#x200B; + +Austria + +[Financial Market Authority](https://www.fma.gv.at/en/complaints-and-points-of-contact/)[Federal Ministry of Labour, Social Affairs and Consumer Protection](https://www.sozialministerium.at/en/Topics/Consumer-Protection.html)[Federal Ministry for Digital and Economic Affairs ](https://www.bmdw.gv.at/en.html) + +Belgium + +[The Financial Services and Markets Authority](https://www.fsma.be/en/how-make-complaint)[Ministry of Economy](https://economie.fgov.be/en/where-and-how-report-problem)[Ombudsfin](https://www.ombudsfin.be/en/individuals/introduce-complaint/)[Insurance Ombudsman](https://www.ombudsman.as/fr/complaint/formulaire-de-plainte) + +Bulgaria + +[Commission for Consumer Protection](http://www.kzp.bg/index.php?mode=viewd&group_id=12&document_id=19)[Conciliation commission on dispute payments](http://abanksb.bg/pkps/pkps-sporove.html)[Bulgarian National Bank](http://www.bnb.bg/bnbweb/groups/public/documents/bnb_download/bs_cust_info_pdf_bg.pdf)[Financial Supervision Commission](https://www.fsc.bg/en/for-the-consumers/complaints/) + +Croatia + +[The Croatian National Bank](https://www.hnb.hr/o-nama/zastita-potrosaca/prijavite-pitajte)[Croatian Financial Services Supervisory Agency](https://www.hanfa.hr/consumer-protection/complaints-to-hanfa/) + +Cyprus + +[Central Bank of Cyprus](http://www.centralbank.gov.cy/nqcontent.cfm?a_id=1&lang=en) + +Czech Republic + +[The Czech National Bank](https://www.cnb.cz/en/public/contacts/electronic-form/)[Czech Trade Inspection Authority](https://www.coi.cz/en/for-consumers/consumer-rights-advice-and-information/complaints-submissions-information-requests/) + +Denmark + +[Finanstilsynet](http://www.ftnet.dk/?sc_lang=en#)[The Danish Complaint Board of Banking Services](http://pengeinstitutankenaevnet.dk/) + +Estonia + +[The Estonian Financial Supervision Authority (EFSA)](http://www.fi.ee/?lang=en)[C](http://www.fi.ee/?lang=en)[onsumer Protection Board](http://www.tarbijakaitseamet.ee/et) + +Finland + +[Financial Supervisory Authority](https://www.finanssivalvonta.fi/en/Consumer-protection/questions-and-answers/problems-with-a-service-provider/)[The Finnish Financial Ombudsman's Bureau](https://www.fine.fi/en/frontpage.html)[Consumer Disputes board](http://www.kuluttajariita.fi/en/index.html)[Consumer Advisors](https://www.kkv.fi/en/consumer-advice/)[Finnish Communications Regulatory Authority](https://www.traficom.fi/en/customerservice?group=initia) + +France + +[Autorité de Contrôle Prudentiel et de Résolution (ACPR)](http://www.acp.banque-france.fr/protection-de-la-clientele.html)[The Autorité des Marchés Financiers (AMF)](https://www.amf-france.org/fr) + +Germany + +[Federal Financial Supervisory Authority (BaFin)](https://www.bafin.de/EN/Verbraucher/BeschwerdenAnsprechpartner/beschwerdenansprechpartner_node_en.html;jsessionid=EED43FBA16FBCCB4E6BC1A0E8D604DDE.1_cid361)[Federal Ministry of Finance (BMF)](https://www.bundesfinanzministerium.de/Web/EN/Home/home.html)[Federal Ministry of Justice and Consumer Protection (BMJV)](https://www.bmjv.de/EN/Home/home_node.html)[Federal Ministry of Economics Affairs and Energy (BMWi)](https://www.bmwi.de/Navigation/EN/Home/home.html) + +Greece + +[General Secretariat for Commerce and Consumer Affairs](http://www.efpolis.gr/)[The Bank of Greece](http://www.bankofgreece.gr/Pages/default.aspx) + +Hungary + +[Magyar Nemzeti Bank (Central Bank of Hungary) ](https://www.mnb.hu/en/financial-customer-protection)[Financial Arbitration Board](https://www.mnb.hu/en/hungarian-financial-arbitration-board) + +Iceland [The Financial Supervisory Authority](http://en.fme.is/supervision/consumer-affairs/)[The Complaints Committee on Transactions with Financial Firms](http://en.fme.is/supervision/consumer-affairs/the-complaints-committee-on-transactions-with-financial-firms/)[The Consumer Agency](http://www.neytendastofa.is/English) + +Ireland [Central Bank of Ireland](http://www.centralbank.ie/consumer/Pages/Introduction.aspx)[Financial Services and Pensions Ombudsman](https://www.fspo.ie/) + +Italy + +[Bank of Italy](https://www.bancaditalia.it/servizi-cittadino/servizi/esposti/index.html)[CONSOB](https://www.consob.it/web/investor-education/l-invio-di-esposti)[Italian Competition Authority](https://www.agcm.it/servizi/segnala-on-line)[Arbitro Bancario Finanziario](https://www.arbitrobancariofinanziario.it/) + +Latvia + +[Consumer Rights Protection Centre](https://www.ptac.gov.lv/lv/iesniegt-sudzibu)[Ombudsman of the Finance Latvian Association](https://www.financelatvia.eu/ombuds/)[Financial and Capital Market Commission](https://www.fktk.lv/klientu-aizsardziba/veidlapa-sudzibas-iesniegsanai/) + +Liechtenstein + +[Financial Market Authority (FMA)](https://www.fma-li.li/de/kundenschutz/beschwerden.html)[Financial Services Conciliation Board](http://www.schlichtungsstelle.li/index_en.html) + +Lithuania + +[State Consumer Rights Protection Authority](http://www.vvtat.lt/index.php?225846438)[Bank of Lithuania](http://www.lb.lt/consumer_protection) + +Luxemburg + +[Commission de Surveillance du Secteur Financier](http://www.cssf.lu/fr/protection-consommateurs-financiers/reclamations/) + +Malta + +[Arbiter for Financial Services](https://financialarbiter.org.mt/) + +Netherlands + +[Authoriteit Financiele Markten](http://www.afm.nl/en/consumer/vertrouwen/klacht.aspx) + +Norway + +[Finanstilsynet](http://www.finanstilsynet.no/en/)[Forbrukertilsynet](https://www.forbrukertilsynet.no/english) + +Poland + +[Komisja Nadzoru Finansowego](https://www.knf.gov.pl/dla_konsumenta/Ochrona_klienta_na_rynku_uslug_finansowych)[Urzad Ochrony Konkurencji i Konsumentow](https://www.uokik.gov.pl/consumer_protection3.php)[Rzecznik Finansowy](https://rf.gov.pl/) + +Portugal + +[Banco de Portugal](https://clientebancario.bportugal.pt/en/formulario-nova-reclamacao) + +Romania + +[National Authority for Consumer Protection](http://www.anpc.gov.ro/) + +Slovakia + +[Ministry of Finance of the Slovak Republic](http://www.finance.gov.sk/En/Default.aspx)[National Bank of Slovakia](http://www.nbs.sk/en/home)[Slovak Trade Inspection](http://www.soi.sk/en/SOI-News.soi) + +Slovenia + +[Ministry of Economic Development and Technology](http://www.mgrt.gov.si/en/)[Bank of Slovenia](http://www.bsi.si/en/) + +Spain + +[Bank of Spain](http://www.bde.es/bde/en/secciones/servicios/Particulares_y_e/Servicio_de_Ate/Servicios_de_At_6d9079a9970c631.html) + +Sweden + +[Finansinspektionen](https://www.fi.se/en/)[Konsumentverket](https://www.konsumentverket.se/languages/english-engelska/this-is-how-you-file-a-complaint/)[Allmanna Reklamationsnamnden](https://www.arn.se/konsument/) + +Good luck everyone - and buckle up! +They tried crashing the stock and we held. + +They tried shutting off the fucking market and we found a way to buy more. + +They lied on social media about closing their short positions and we made memes about it. + +Next, they'll try to wait us out. The price went sideways today. We all expected the gamma squeeze to start and it never materialized. And that is by design, because now it's a psychological game. Now they want us to see the squeeze fail to materialize, day after day as they extend their positions, in the hopes that we get bored and give up. They are trying everything they can to make sure that this doesn't look the same as the VW squeeze, so that we decide that we miscalculated, or that this isn't happening. + +Fuck that. + +Remember that every day that goes by without settling their shorts they are bleeding interest payments on borrowed stock. Remember that every day that goes by without them closing their position the pressure mounts. Remember that *time is on our side, not theirs*. + +They can gargle my balls if they want my shares for less than $10,000 each, and I'll wait as long as it takes. + +But this isn't financial advice, do your thing. I just like the stock. + +EDIT: fuck, forgot 🚀🚀🚀🚀 + As the title says, for those who are able to profitably trade, when did you feel the turn around happen and what do you feel was one of the most important things that turned this around? + +Was it a book? Was it a course? Anything else? And what kind of trading do you do? Day trading? Or do you setup yearly portfolio's, etc ... + +Thanks for sharing. + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange rates? +* Discuss the quality of the bank's mobile apps and the services they offer. +* How are the lending practices at your bank? Did your housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and my family is pressurising me to take a home loan, what would you suggest?"), the bi-weekly advice thread is recommended. Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. +Quick question - What are the tell-tale signs of an asset bubble? + +Let's see: + +Rising prices when literally everything underlying suggests that they shouldn't. + +All politics aside, demonetization was a punch in the gut for black money hoarders. RERA, again, a welcome step in the right direction. + +With easy access to black money, and money in general, cut off or limited, most of us were expecting the housing market prices to fall at the very least, in short term. + +Did Not Happen. + +Definitely not at the scale maths said it would. Math doesn't lie, so what happened? + +I don't know. I'm not in India. Maybe you all who dabble in the dark alleys of Indian real estate can tell me. + +All I know is that the prices didn't go down when they should have. + +Yes I know they were supposed to come back up in the long term and higher than the current prices, but WHAT about the dip Goddamnit? Where is the dip that was supposed to happen? + +This can't be right, can it? + +Any who, lets check for some other signs. + +What is the debt percentage in the current market? + +A faculty of NIT Rourkela recently presented a paper in which he mentioned and I quote + +"The mean market leverage of RE firms is 0.4 with a deviation of 0.3 which also includes Firms such as Mahindra +which have no leverage at all. The firm characteristics also present unique variation across cross section for few of +the major performance attributes such as Asset Turnover Ratio at 6.7 and deviation 28.2, Interest Cover 31.4 and +deviation 147.7, Operating Profit Margin 26.0 and deviation 20.8, Return on Assets 125.1 with deviation 343.4, etc. +The variation across time against the sample attributes depict interesting trend, where the mean leverage for few +years have remained lower or higher than other years. To contrast with the other firms, cross sectionally, we find +Asset Turnover at 3.8 and deviation 8.4, Earning Retention 57.5 and deviation at 35.7, Interest Cover 3.9 and +deviation at 4.2, Operating Profit Margin 137.7 and deviation at 226.7, Return on Assets 96.5 and deviation at 152.5, +and finally Debt Equity Ratio at 4.5 with a deviation of 10.3." + +Wow. + +It is hard to argue that a higher access to leverage can spell out to be anything good for the market. In fact all this data shows in layman terms, is that the Indian real estate market is cash deprived and is running on leverage. + +How long do you think will this leverage last? 3 years? 5 years? 7? + +It is incredibly difficult to predict the timing with an accuracy. Mostly because I'm baffled where the existing capital is being channeled from. + +Is it money from the NRIs? Are the developers bringing their own savings into play? + + Are the multimarket corporations like Mahindra who have zero debt bringing in money from their other entities and creating an artificial cash flow in the market in order to sustain prices? (This is something I think is definitely happening btw). + +Are Edelweiss or Piramal banking on the stupidity of conventional business sense of an average middle class real estate buyer like myself to ride it out? (Actually it makes sense for them to have decided to ride out the downturn instead of trying to completely avoid it and cause more damage in the process). + + + +Many asset bubbles can be tracked to politicians. India me to inke lachchan shuru se kharab hain. + +With the recent measures that have been taken, things don't bode so well. + +Political donations are now outside the purview of audits? Fuck that. RERA is also dicey. It can either make or break this next bubble. + +I think my best advice here would be to make friends with your local union minister's CA and watch what he is doing with the minister's assets very closely. + +And not one of them nuovo rich Madhu Koda type idiots either. More like Kapil Sibbal and Jaitleys of south block. + + +Having traveled recently to Gurgaon and Noida ghost towns of built and empty high rise apartments, in my mind there is no doubt that India's housing market in type A urban markets is a giant bubble with banks and other financial institutions having fed zabardast amounts of debts into these death traps of money. + +My strategy right now, is to not touch real estate with a ten foot long pole, steer clear of private banks and fin entities. Probably do FDs in SBI and max out my PO bonds etc. + +Cash is going to be king again in five years, bois. Make sure you have an extremely healthy investment mix with this in mind. + + + + + +https://www.livemint.com/market/ipo/pepperfry-expects-to-join-unicorn-club-soon-to-launch-ipo-after-booking-profit-11622477426633.html + +With the Zomato IPO being in the news lately, I was wondering if there is any money to made in these IPOs. After all, India has the third largest number of unicorns in the world. So we should be seeing more such IPOs in the future. What would the seasoned investers here say? +See the [discussion](https://www.reddit.com/r/fatFIRE/comments/f7xff4/what_is_your_equity_multiplier_assetstoequity/) from a year ago for reference. Leverage ratio defined as assets / equity. Taking on no debt will give you a ratio of 1. Previously, answers ranged from 1 to 5...big difference! One year later with a brutal market crash in between, some followup questions we can look back on: + +1. What is your leverage ratio and what asset classes are you using to get there? (Most popular last time seemed to be portfolio margin, real estate, and business loans). +2. What was the maximum drawdown you sustained during the spring market crash? +3. How have you changed your philosophy about using leverage as time went on, or in current market conditions? +So am in a wierd spot where I know where I work, will be doing a massive shift in software soon. The software choice from what I can tell will be a 20% increase in revenue for said software company. + +I do not have any hand in this decision making process or choice. + + +Is it illegal for me to invest in said software company knowing that thr company I am working for will eventually switch to them? + + +**TLDR; Volume, MACD, and Short Availability are all extremely bullish for GME. HODL 🚀🚀🚀🚀.** + +Hang on to your bags, this puppy is going higher. The technicals all point BULLISH signals and signify GME is going much higher. + +**Case 1 : VOLUME** + +Look at the volume and price action for the last few weeks. Volume was actually decreasing from Feb 25 to Mar 3, and the price went UP, this is extremely bullish. Typically, if price stays flat or up on decreasing volume, this is bullish. + +Secondly, since Mar 3, we have seen increasing volume with higher prices. This is bullish. + +&#x200B; + +[Holy shit! ](https://preview.redd.it/40z53odskvl61.jpg?width=467&format=pjpg&auto=webp&s=28bacefabefab34d59ba5a2cf2a64b132afdc484) + + + +**Case 2 : MACD** + +MACD stands for Moving Average Convergence Divergence and essentially shows the relationship between two moving averages. The crossover occurred when Ryan Cohen tweeted his infamous McDonald's vanilla ice cream cone photo (coincidence?). MACD shows strong momentum and is pointing GME to higher prices. + +&#x200B; + +[Looks Bullish](https://preview.redd.it/s30997zukvl61.jpg?width=493&format=pjpg&auto=webp&s=e200ddb9c0a88284cce5c7c430806e4eff11222d) + +&#x200B; + + + +**Case 3 : AVAILABLE SHARES TO SHORT** + +From last Friday to today, the shares available to short have dropped a whopping 600,000 SHARES! Yet the price is up 35%+ today. This is extremely bullish, the shorts can't even drop the price given 600,000 shorted shares. Now keep in mind, this is counting the shares that are available to short, and does not include the millions of shares that are ALREADY shorted. If GME continues to climb higher, the short sellers may be margin called and forced to sell. + +&#x200B; + +[600,000 shorted! ](https://preview.redd.it/9aaem6vxkvl61.png?width=498&format=png&auto=webp&s=8c2e0447f1c71e3c441110abad4bc6cb712b2627) + +&#x200B; + + + +**Final Thoughts** + +There are a lot more tailwinds that can catalyze GME. This analysis doesn't even consider the possibility of another gamma squeeze or how many shares are now becoming ITM or "In The Money". This will require Market Makers to purchase additional GME shares if they don't have it in possession on exercise. + +This also doesn't consider the fundamental change in the company and how to properly revalue GameStop from a traditional brick and mortar to an e-commerce player. + +The technicals signify bullishness and you should continue HODL. Don't be scared with dips as long as the trend is your friend. **🚀🚀🚀🚀** +Last year, I asked for your advice regarding my £50 million lottery win: [https://www.reddit.com/r/UKPersonalFinance/comments/88p1i9/won\_the\_lottery\_what\_do/](https://www.reddit.com/r/UKPersonalFinance/comments/88p1i9/won_the_lottery_what_do/) + +I took on board all of your suggestions and this is how they fared. + +&#x200B; + +**Buying the Freddo's Factory** + +Even though it was suggested that buying the Freddo's factory allowed me to control the price, unfortunately public pressure forced a climbdown from 30p to 25p where the RRP has remained. + +Luckily cocoa prices have dropped in USD terms: https://tradingeconomics.com/commodity/cocoa, although GBP weakness offset that. + +I have faith that my hoard of Freddos will become a store of value post-Brexit. + +Taking suggestions for other confectionary investments. + +&#x200B; + +**Waiting for** /u/pflurklurk + +Fuck that guy. Took my money and spent it on blackjack and roulette. + +Didn't even buy me any hookers or coke. + +Last I heard he was paying off gambling debts working as a deckhand on a floating casino in the South China Sea. + +&#x200B; + +Good riddance. + +&#x200B; + +**Opening 58 different bank accounts** + +/u/ukpfaa wisely illustrated the problems I would face - I am not allowed to spend the money, in order to keep it, but also need to not not invest it, otherwise I will have no money. + +I was advised to open 58 different bank accounts, but the assistant I hired defrauded me by buying dozens of phones and putting them into some kind of "locked pot" on some app. + +I have since taken to using these phones as cash, but I never get any change for them, so it is a bit expensive. + +Any options there? + +My Uzbek and Hmong were supplanted by Google Translate. + +&#x200B; + +**Grimsby and Scunthorpe** + +Lol. + +&#x200B; + +**Buying 2,499,999 copies of Tim Hale's Smarter Investing** + +This was actually great! At the time they were worth £20 a copy, but now they are £22.49 each. + +&#x200B; + +Solid returns on my portfolio. + +&#x200B; + +Any other book recommendations after I liquidate some of these copies? + +&#x200B; + +**Buying more tickets** + +The real reason for this update - I spent a lot of it as advised on new tickets. + +&#x200B; + +I've won again - I now have £100 million and am in the same situation as before. + +&#x200B; + +Help me UKPF, what do I do? + +&#x200B; + +AND YES I SAW THE FLOWCHART LAST TIME +***First and foremost, I am not financial advice and this is not a financial advisor. I don't know shit about fvck - I literally lick windows for a living. I pity the fool who takes anything I say to heart.*** + +**TLDR: $GMEs price, just like every other stock in the US Equities market, is controlled by the people behind the scenes with such precision they are able to force retail into the market cycle, where they accumulate assets cheap and sell them at high prices. DRS is the absolute kill switch to this game of psychological warfare because it takes away their most valuable asset in this war - $GME shares.** + +This post is going to be a combination of different ideas with an attempt at tying them all together to understand what is going on with $GME, and the markets in general. It involves abstract topics, but I believe this is what we are seeing with $GME, and the market in general - at least until a force majeure occurs and we blast off to uranus and beyond. + +Let's assume 100% of $GME stock trading is routed through dark pools. We know this isn't necessarily the case, because obviously some buys hit the lit market, but the point in assuming 100% of the trading is routed through dark pools is that regardless of how much is forced to hit the lit market, a greater amount gets routed through dark pools to counteract the damage. I'll come back to this later. + +Richard Wyckoff was an early 20th century pioneer in technical analysis. His position allowed him to witness firsthand the fleecing of retail investors, which brought him to his theories of accumulation/distribution. He described the phenomenon as follows: + +***"…all the fluctuations in the market and in all the various stocks should be studied as if they were the result of one man’s operations. Let us call him the Composite Man, who, in theory, sits behind the scenes and manipulates the stocks to your disadvantage if you do not understand the game as he plays it; and to your great profit if you do understand it."*** + +Aside from crime (naked shorting, spoofing, etc), how does one LEGALLY take money from retail in the stock market? By getting retail to buy high and sell low, so you can do the exact opposite - what Wyckoff outlined in his accumulation/distribution schematics. + +**Accumulation** = pick up assets on the cheap. Following accumulation, as pictured below, is a price mark-up phase. The price is allowed to run to where shares accumulated are profitable. + +**Distribution** = dump assets to unsuspecting bag holders. Following distribution is a price markdown phase, where the people controlling the market behind the scenes take profits and hope to scare retail into selling their shares at a loss. + +&#x200B; + +[Credit to u\/gme2uranus](https://preview.redd.it/qv0aptjq25r81.png?width=1147&format=png&auto=webp&s=0c4739ec6bee3bb79f5ed5f0640c2e0df10d82bf) + +Based off the image above, we should be in an accumulation phase - which means fairly shortly we should see a mark up phase where the price of $GME is allowed to run. How does this benefit the "composite man" behind the scenes? Well, if it WERE to benefit the composite man, we would expect to see him add more shares during accumulation. + +&#x200B; + +[BlackRock\/Vanguard 13D\/G filings](https://preview.redd.it/9f6b50ys25r81.jpg?width=1378&format=pjpg&auto=webp&s=16fb8d3cf3a569cd4b8c0f7f263bf9e9e0e81dd0) + +[Timing of BR\/VG filings](https://preview.redd.it/kwtikd5v25r81.jpg?width=1577&format=pjpg&auto=webp&s=55ea95e964f0ea203c15ae53f3fb018a1fca6376) + +Well slap my butt and call me Sally. So we know for certain BlackRock/Vanguard added to their positions in what is assumed to be a time period we should see them add, so they can buy low and theoretically sell high. But how does this pertain to $GME, and why did we assume that 100% of the buying in $GME gets routed to dark pools? + +[Psychology of a market cycle and how it is used to fleece retail](https://preview.redd.it/n394h72x25r81.png?width=1200&format=png&auto=webp&s=4af6e8c77aa80a704004d8fb62d34a5f05f90f56) + +Manipulated movement designed to prey on retails emotions. + +This picture describes the Wyckoff accumulation/distribution schematics in EMOTIONS rather than fundamentals - because regardless of what happens behind the scenes, most retail is impulsive and buys off emotions. Do you feel the electricity from UUSB right now? Can you feel the positive emotion in the air surrounding $GME? **THAT'S THE POINT. FOMO BABY! IT'S MARK-UP TIME!** + +The far left of this picture describes the mark-up period which I believe we are about to hit (I can't give a time frame, just soonish), and the far right of the picture is where I believe we are now - the disbelief rally. Keep in mind Vanguard and BlackRock already increased their position. Ask yourself why? Are they the composite man? Highly likely they are, as well as other big player institutions that have enough money to manipulate the markets. + +&#x200B; + +[Dang](https://preview.redd.it/z8xlijn545r81.jpg?width=500&format=pjpg&auto=webp&s=8e6a5eb65d3b84716e255034aebce274c390e992) + +[Mark-Up Table](https://preview.redd.it/ceneoy3335r81.jpg?width=2048&format=pjpg&auto=webp&s=da0f5d6ec1eb1c259ae36f520f5ae16df7cf2c9d) + +I captioned this the mark up table, because a lot of the DD prior using this table has tried tying it to T+2, FTDs, etc. It's very possible that is the case, but we also have to assume 100% of the price movement is manipulated. If we assume 100% of the price movement is manipulated, this table describes the MARK UP PERIOD outlined in Wyckoff's methods. I don't care WHY or HOW the price is being marked up - just that it is, and it is at roughly the same intervals (every 4 months). Remember - the price is fake until it's not. + +&#x200B; + +[I'm glad you asked](https://preview.redd.it/ahmvhhr635r81.png?width=640&format=png&auto=webp&s=940ffd7f00a583fa5519e2c5c20b60a5956297af) + +It's highly likely that we operate in a completely parasitic system designed to prey on retails emotions by getting them to buy stocks high and sell stocks low. The people with the money (I'm looking at you, Prime Brokers and Hedge funds), are able to manipulate price movement by routing the majority of orders through their dark pools, keeping complete control over pricing of assets so they can enact these mark-up/mark down periods. After all, this is a LEGAL way big players can steal money from retail in the stock market. By buying low and selling high. + +How do we win, if an unknown entity with more money, power than we can ever dream of controls every movement of the stock market? **We BUY, HODL, DRS.** We buy the dip. We buy the rip. We fvcking hold, no matter how gut wrenching the movements are. We do not give into the psychology of the market cycle. We force the composite man to resort to shorting and illegal activities to continue the market cycle, all while the noose continues to tighten around his neck through decreased liquidity and increased cost of doing business. **Most importantly, we** **DRS**. The composite man has a ridiculous amount of money and power at its disposal, but most importantly - **he (through Cede and Co.), has our shares.** One real share to the composite man allows him to create theoretically an infinite amount of synthetic shares to force retail through the market cycles again and again and again - so long as he has liquidity, which he can create in a million different ways. + +&#x200B; + +[Credit to u\/bowly741 and u\/Tokyo\_Metro](https://preview.redd.it/l4mtgxt835r81.jpg?width=750&format=pjpg&auto=webp&s=cb64f5d3074ed01ad82c285e8dda6ef3fc6e6839) + +**TLDR: $GMEs price, just like every other stock in the US Equities market, is controlled by the people behind the scenes with such precision they are able to force retail into the market cycle, where they accumulate assets cheap and sell them at high prices. DRS is the absolute kill switch to this game of psychological warfare because it takes away their most valuable asset in this war - $GME shares.** +I am in a group, let's call it Group A where the main guy trades breakouts of premarket highs and lows, and also breakouts of new intraday levels. I am baffled at how profitable this guy is because he sometimes waits for a large move up or down to those levels before entering, and the risk reward seems extremely skewed because of that. In another group I'm in (Group B), a lot of times they call the premarket lows and highs bounces and reject levels while Group A trades breakout of those levels. As you can imagine, I get confused when one says to trade calls while another says to trade puts at a premarket high. + +The thing that blows my mind with this guy in Group A is his stop losses are HUGE but he ends up in a winning trade unless he's completely wrong. For example TSLA 283.6 on 9/28 here. He took calls at this level (first arrow) expecting a breakout but it reversed instead. But he held through that huge drawdown and about an hour later, sure enough it broke out and he took profit (second arrow). As you can see, the risk/reward was terrible and a lot of his trades are like this but he has at most 2 red days a month with his strategy. + +&#x200B; + +https://preview.redd.it/5dpgbnfr92s91.png?width=730&format=png&auto=webp&s=b5a19230a3cb8cc01b92618583ebbece79ada15b + +I guess my main question is, what signs should we look for to best guess if a level is good to breakout or reject? Obviously no one will know for sure but I would think there's some indication that helps us determine the higher probability of what will happen. I took this trade with him and stopped out at a decent sized loss. And this has happened a lot when I took trades with him because of his tolerance to the drawdowns. +I decided to do this because I had seen it done for other brokerages here, and I followed the advice to do so with my own shares: + +https://reddit.com/r/Superstonk/comments/ttmujx/guide_to_receive_your_stock_dividend_in_brokerage/ + +For Computershare I haven’t seen a guide yet so I figured out how to do it on my own and figured I would share. + +1. Login to investor center on Computershare website on your desktop computer. +2. On the main portfolio page go to view details on GME +3. click on the Actions drop down menu +4. click on Reinvestment Options +5. select Full Reinvestment on All Shares and add your email address +6. click Next +7. click Submit + + +Congratulations. You have now guaranteed that you will get your dividend as DRSed shares of GME instead of cash. + +As others have stated here, this may not be necessary, but it doesn’t hurt either. I elected to keep mine. + +Edit: Fixed, I had instructions originally that had extra steps because I had already enrolled in the plan, but now I’ve removed those steps to reduce confusion. +Looking for some advice. + +I recently sold an item on eBay. I posted the item using a regular first class stamp. + +The buyer opened a case saying they never received it. As I never sent it as tracked I was unable to check if this was the case. + +I eventually gave the buyer a full refund. + +Fast forward a week, the buyer has listed the item for sale on their eBay profile for a considerably higher price and additional postage as they're probably going to send it using a tracked service. + +If I raise this with eBay I think they'll ask for proof that the item they are selling was what I sold but I know it is. + +I've contacted the buyer asking if they ever received it but didn't let them know I've seen that they have listed it themselves. No response. + +What would you do? + + + +Update. +Thank you for the feedback. So I managed to get the item back. I won't elaborate how. Let's just say eBay favour buyers. + +Winner winner chicken dinner. +My friend was telling me that he had an automatic payment set from BofA account to another BofA account and the one who received became confused because the check came from Wells Fargo, and all the information was correct. First time this happened. + +Could it be that BofA is out of cash and is using Wells Fargo to help? Idk. Could not be connected to GME, regardless it was still weird + +Edit 1: grammar +Typical normie investors let their emotions make their decisions for them, and this means they often see the field backwards. When a stock has been running green nonstop they think the green will continue forever and that’s when they’re most likely to buy in. When it’s been running red nonstop they think the red will continue forever and that’s when they’re most likely to sell. + +So after a few days of huge gains the Empire had to strike back. They had to bash it down as hard as they possibly could to scare off a huge new threat, all those normies, all those friends and family of apes waiting on the sidelines who don’t know what they’re doing but are attracted to the green like a moth to flame. + +My take on today’s price action is that the Empire aka Shitadel used the news of further dilution in movie as cover to sell off a significant portion of their long position in movie and then took those profits to short gme as hard as possible. + +In addition to scaring off investors they’ll be fighting hard to get it back under 250 and it’s kind of looking like that will be the battleground over the next two sessions. + +Edit: What a stonk! Loving this green dildo looks like their dreams of keeping it under 250 are turning into their nightmare of it going over 300 +I have a brokerage account that represents about 1/3 of my net worth, and in that account I have about 10% in a boring and underperforming actively managed fund. The rest has generally been a mix of passive etfs and cash. Since April I’ve been collecting premium with my cash stockpile, running the wheel on a number of stocks (and SPY when it was under 300). I’ve been sticking to CSPs mostly and on companies I’d be happy to hold for a few years (plus some exciting high IV garbage companies for small bets) because I’m quite unsure of the medium term health of the American economy. + +I’ve been keeping my total exposure to 80% of my total cash or so, partially so that I can average down if I feel it’s warranted, and partially so I keep some powder dry in case this rocky economy presents another March level buying opportunity. + +I have about $95k in available margin that I never touch. I’ve always been reluctant to use margin because of the obvious impact it can have in magnifying losses. I don’t like the idea of paying interest to own stock because I’m in theta gang obviously, I prefer time to work for me not against me. HOWEVER, that $95k line of credit is making me curious and I wanted to gauge this community’s thoughts on the matter. + +I’m considering using a chunk of that margin buying power to sell puts on a few defensive stocks or ETFs, and roll contracts rather than take assignment or run the wheel. Is this something you do? Where are your personal risk tolerances with regards to margin? Is there a lower risk thing I could be doing to turn that otherwise unused buying power into money? And if you were to do this, what strategy would you like? 30 delta/45 DTE/roll for credit? + +It seems to me the primary risk here is that I do this on an underlying that drops rapidly enough that I can’t roll the contract, but even in that situation it seems like I could roll out and avoid assignment, no? Example, I sell a put on XYZ at $100 strike and boom news hits that sends XYZ to $50. I collected $1 on the put and now I owe $50 on it with 30 DTE. But presumably I could then sell a 60 DTE put at $100 (or $95)? I could creep down, not making any money really but just avoiding taking a loss until the stock recovers or I’ve converted enough time value to reach the market price. I could also hedge this somewhat by buying way OTM puts to turn the puts into very wide vertical spreads. + +It seems another major risk is that whatever I’m doing with this buying power is correlated to my portfolio, and that a major move makes my margin positions red also chops up my buying power and I face a margin call? I’d...like to avoid that. + +Mostly just soliciting thoughts here. Any risks jump out that I’m not considering? How common is this strategy to monetize buying power? + +Thanks for all input, helpful or otherwise. + +EDIT: +Thanks to all for your comments, in particular the brisk warnings, which I appreciate (100% sincerely) and probably needed to hear. + +I want to rephrase and focus my question slightly in light of some of the responses: Is there a way to turn unused margin into positive risk-free returns below the risk free rate? +Even though I still have much to learn especially when it comes to my mindset when I am in the trades and confidence. Happy that I was able to grow my account 25% this week (5% growth per day and only risking 3% per trade). + +Now to keep it consistent +Dow Chemical Co. and DuPont Co. announced Friday that they have agreed to merge, fusing two of the U.S.’s oldest companies into a chemical giant currently worth about $130 billion. + +Under the terms of the deal, shareholders of Dow Chemical will get 1 share in the new company called DowDuPont for each Dow share, while DuPont shareholders will get 1.282 shares for each DuPont share. The deal’s structure will give Dow and DuPont shareholders equal stakes in the combined company. + +The deal will be followed by a three-way breakup of the combined company, a common approach to mergers and acquisitions of late. The three resulting companies, which would be publicly traded, would be focused on agriculture, material sciences and specialty products. +Across the many invest/stock subs there is a lot of meme stock posting going around. I am not against this by itself, as there is money to be made, but be smart, especially those who are new to this. + +We have all been there, bought a stock at $10 it goes up to $20 and you're like, it will never fall, then it goes to $15 and you say, when it is back to $20, then I'll sell. You end up selling at $7 for a loss. + +When stocks have these crazy runs, just 'stop-loss limit sell orders. For example, I'm currently in $CLOV, bought in at $11.65. It's currently trading at $16.10 at the time of post. I have a 'stop-loss limit' order at $15. Meaning, if the stock drops to that level, it sells automatically. + +Of course, it could drop to that level, I sell, and then it rockets to $25, but ignore those. This will guarantee I can ONLY make a profit. I HIGHLY recommend you use these automatic sell triggers to prevent yourself from believing STONKS can ONLY go up. Guarantee you make a profit and while you may be sad when you sell a little early, you will love it when you don't take a loss which I guarantee most of these meme stocks will turn out to be in the long run. + +tl:dr Use stop-loss limit orders to not get screwed over when the bubble burst. Enjoy the ride and I hope you all become super-rich one day (if you're not there already)! +Like I said in the title, I'm only about 75% through the book - so maybe I'm getting ahead of myself. Mr. Bogle makes index funds sound AMAZING. Of course you are still at the mercy of the market, but he keeps writing over and over again how if you invest in a low-fee index fund and aim for average performance- you'll end up in the top 80% for long-term performance. So far it seems like everything he says boils down to this statement: + + (low_risk + average_performance + low_fees) > (higher_risk + unknown_performance + high_fees). + +In the book there are a ton of numbers to back him up too. However, I'm not that great when it comes to the numbers (hence why I'm reading this book), so I kinda have to *take his word for it*. + +What are the opinions of /r/finance/ to Mr. Bogle's suggestions? Has his arguments changed any since the release of the book (2007)? + +--- + +side-note: I want to make it clear I'm not asking for financial advice. I'm actually interested in this stuff and I would like some different viewpoints on the merits of index funds. +Like I said in the title, I'm only about 75% through the book - so maybe I'm getting ahead of myself. Mr. Bogle makes index funds sound AMAZING. Of course you are still at the mercy of the market, but he keeps writing over and over again how if you invest in a low-fee index fund and aim for average performance- you'll end up in the top 80% for long-term performance. So far it seems like everything he says boils down to this statement: + + (low_risk + average_performance + low_fees) > (higher_risk + unknown_performance + high_fees). + +In the book there are a ton of numbers to back him up too. However, I'm not that great when it comes to the numbers (hence why I'm reading this book), so I kinda have to *take his word for it*. + +What are the opinions of /r/finance/ to Mr. Bogle's suggestions? Has his arguments changed any since the release of the book (2007)? + +--- + +side-note: I want to make it clear I'm not asking for financial advice. I'm actually interested in this stuff and I would like some different viewpoints on the merits of index funds. +You know your bosses are going to throw you under the bus for your market manipulation, right? You don't think they'll take responsibility for directing you to do this, do you? LMFAO + +Remember, the first one to flip always gets the best deal. Have a good day and remember not to drop the soap. + +As always: I'm not an attorney or financial advisor. I just buy and HOLD and like the stock. + +Edit: I love how all at once the Interns emerged on this post the more it was upvoted. This is what happened: + +Head Intern: (sweating profusely) Guys! Emergency meeting! I know some of you have seen the recent thread about your potential exposure and how the Overlords weren't going to take responsibility. We all known they care and love us. We were barely pissed on last Friday. Just a light sprinkle to end the week. If you are having any doubts about what you are being ordered to do, remember the bonus you're going to get if they don't go bankrupt ... and we're not all in jail. Now, let's all converge on that thread and do our best to kill it! + +Edit2: Fellow apes. Thanks for having my back. This is the way. Let's stand together call them out on their BS. Buy, HOLD, and we shall celebrate on the moon. + +Edit3: First time ever getting gold. Brings a tear to my ape eye. I promise to buy even more GME (not that I wasn't anyway). +When screening new tenants, what questions do you ask their previous landlord? +I know some tenants try to give fake contacts as their previous landlord. +I’m 28 years old and have about 13k I’m trying to figure out what to do with. High yield savings accounts aren’t really paying that much right now. I thought about putting it into dividend paying stocks instead. I was looking at doing schd 30% vym 30% dgro 20% voo 20%. What do you guys think? +I'm asking this here rather than over in r/M1 because I'm hoping for a more diverse opinion. I've been investing for over 11 years and I'm on track to receive $14700 in dividends this year. I have the majority of my investments in Fidelity. My IRA is set to DRIP but I have my 'fun account' just hold the dividends until I decide what to reinvest in. + + I've been watching Joseph Carlson and a couple other youtubers and was intrigued by M1. I opened up an account with $100 just to get the feel for it. I figured out the mechanics and it seems like it's just more of a high octane DRIP account. I like that you can buy partial shares. + +Maybe it's just showing my age or just my comfort with traditional stock investing but I don't 'get' M1. With traditional investing you have a set amount of money, you find a stock you want to invest in and you purchase as much as you want. One of the reasons I don't have my fun account set to DRIP is not all the stocks maybe worth investing in at that moment. Setting the different percentages seems fidgety and what do you decide to set at 15%? 26% etc. + +Has anyone tried M1 and 'get it'? Anyone else dip a toe in and decide it wasn't for them? +I’m 28 years old and have about 13k I’m trying to figure out what to do with. High yield savings accounts aren’t really paying that much right now. I thought about putting it into dividend paying stocks instead. I was looking at doing schd 30% vym 30% dgro 20% voo 20%. What do you guys think? +Fellow apes and retards let me show you the $LIGHT + +Lightning Incubator might be the hottest project on the BSC right now. A low market cap coin with unique tokenomics blended with some pretty awesome existing, and planned use-cases make me think this project is on its way to being a x100 type of investment. + +If you can’t read there is a TL;DR on the bottom with the main points, but I encourage you to work that mush sack in your head and not skip this, it’s the most important thing you will read today. + +Okay so down below I have listed some details of the tokenomics ( for those of you in the know its the **first ever deflationary elasticity supply token on the BSC**) That is pretty cool in itself. If you have no idea what that means well the main thing you need to understand is that as transactions happen **half of the resulting fees are burned** out of existence, and as time goes on the supply of tokens shrinks until there will only be 550,000 in existence after all the burning! It gets cooler though, the **other half of the transaction fees that aren’t burned are redistributed to all token holders!** You get paid just for holding. + +Further reading below for a more advanced description. + +A little bit of math to get you excited about the tokenomics; **the current market cap is $24,000,000 and the token supply is 73,000,000. the price of Light is around $0.3.** + +Now IF this great team which is fully doxxed can just keep their market cap at 22 ml while the **supply goes to potentially 550 k or around there then the value of each LIGHT token will be worth AT LEAST $43 USD!!!** That is a massive gain to say the least. Even if it did a quarter of that we are GOLDEN. + +**AND THATS NOT EVEN THE COOLEST PART!!** + +The tokenomics aren’t the main focus of this project. **The main focus is on the upcoming Incubator with an integrated launchpad**. Ya you heard me, The first ever Incubator with integrated launchpad based on the best upcoming blockchain, the BSC. **To have private sale access to the IDO’s though you need to hold an undetermined amount of LIGHT.** + +The token is at a good price right now, when the Incubator is released I can’t see this being under $3. + +**The launch is in the upcoming weeks** + +Have you seen the LIGHT? + +Alright if you have been keeping up so far and are indeed seeing the light then below is additional information on the tokenomics, the Lightning Incubator project and how to buy etc. + +I encourage anyone interested to go on the telegram group listed below, the memes are actual gold and its an international community of crazy crypto bastards. The dev and team is also very active in the chat, which is super cool cause you have direct communication to the team. + +EXTRA INFORMATION ( you can go on their subreddit to find this info) + +TOKENOMICS + +There are *156* cycles + +In Each cycle a fee is placed on any buy/sell/transfers + +The fee starts at 5% and scales to 12% + +The fee gradually increases over 1,275,000 tokens burned + +At that point the cycle is over, 50% of what was burned gets remitted to holders, respective of the % of $LIGHT they hold to other holders + +The new cycle starts and the fee is reset to 5% + +Theoretically, upward price pressure and can happen by: + +1. Rebase distributes tokens to holders, +2. Rebase burns 1,275,000 $LIGHT per cycle, shrinking supply +3. If everyone holds in the new cycle and allow new ppl to buy in at 5%+ + +Get $LIGHT: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f) + +(THIS IS NOT A REFERALL ADDRESS) + +YOU CAN SEE PRICE ON COINGECKO OR COINAMARKETCAP + +Contract Address: **0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f** + +Since the protocol increases fees from 5% to 12% during each cycle gradually till a volume of 1,275,000 burn $LIGHT is reached to start the next cycle + +Adjust your slippage 1 EVEN % above slippage if you get an error + +*Example* + +Protocol fee 5%, try 6% slippage + +Protocol fee 5.5%, try 6% or 7% slippage + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +Twitter: [www.twitter.com/lightningDefi](https://www.twitter.com/lightningDefi) + +Telegram: [t.me/lightningprotocol](https://t.me/lightningprotocol) + +Medium: [https://lightningprotocol.medium.com/](https://lightningprotocol.medium.com/) + +Reddit: [https://www.reddit.com/r/Lightning\_Incubator/](https://www.reddit.com/r/Lightning_Incubator/) + +Official Partners of the Lightning Incubator + +Through our Incubator, projects will be granted a wide network of promoters, branding experts, auditing partners, KYC partners, listing partners, etc. + +Two of our internal partners are the Founders of “**Defi Degens**” and “**Planet of the Ape**”. + +[https://discord.gg/defidegens](https://discord.gg/defidegens) + +[https://t.me/PlanetofAPE](https://t.me/PlanetofAPE) + +\^\^\^\^\^ Visit links above for lending, borrowing, or farming options for LIGHT + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +Listed: [PancakeSwap.Finance](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f) + +Contract Address: **0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f** + +⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ + +*This is not investment advice. Please DYOR and seek a professional financial advisor before making any financial decisions.* + +*tldr:* *low market cap coin $22,000,000 - $73,000,000 supply - 0.3 price* + +* *first ever bsc based deflationary elasticity supply token* +* *upcoming launch of first ever BSC based Incubator with integrated launchpad ( defi venture capital fund basically)* +* *partnerships for lending, borrowing, farming NFT’s* +* *go on the telegram and read some memes, links to community above* + +EDIT: I TOLD YOU ALL BUT SOME OF YOU DIDN’T LISTEN, GO LOOK AT LIGHTS PRICE. when I posted we where at 22 ml market cap and now we are at 33ml. THE TRAIN IS STIILLL GOOINGGG!!!! HOP ON! +If the earnings is really positive the stock price should go up. That leaves options ITM. Hedgies have been dipping the price every Friday right under Max Pain. + +So if we have a great Earnings Call and the price still dips. Cohen will have to take matters into his own hands and pull the trigger. + +This is one last chance to the SEC and the DOJ to do what's right. +If the earnings is really positive the stock price should go up. That leaves options ITM. Hedgies have been dipping the price every Friday right under Max Pain. + +So if we have a great Earnings Call and the price still dips. Cohen will have to take matters into his own hands and pull the trigger. + +This is one last chance to the SEC and the DOJ to do what's right. +So, a while ago, in 2016, I made the mistake that everyone warns you about: I helped a friend by co-signing a car loan. She made the payments for about 3 years on time every time. Then about 36 months into the 60 months, she stopped and fell out of contact. + +Long story short, she has disappeared but dropped the car off at my place. Nobody has called me about it and it doesn’t show up on my credit report. + +Obviously I have no title and probably no way to get one even if I paid, what I am assuming is the $4-5K owed on it. + +What do I do with the car? Nobody seems to be looking for it. It probably is still worth $5-6K. (2008 Nissan 350Z with 95K miles on it). I think the original lender was Synchronous Bank but I can’t be sure. It was a long time ago and I never dealt with them. +You can now click on the below link to order your free at home Covid Test. Please share with anyone you know + +[http://www.covidtests.gov](http://www.covidtests.gov/) + +&#x200B; + +Stay safe and healthy out there. +Have read it somewhere that bank will notify income tax authorities when the amount of fixed deposits is more than 10 lacs in individual's bank account. +I have FDs in my mother's account whose annual income is less than 2.5 Lac. I have done this arrangement to save taxes. +Can someone tell if there if Banks notify IT department if the amount is higher than certain limit? If yes, I am guessing IT can ask for the source of the money? + +Thanks.. +Airtel, Voda to pay AGR dues by 17 March, SC wants MDs of firms in court. + +Link: https://www.livemint.com/industry/telecom/sc-furious-with-dot-issues-contempt-notice-against-telcos-for-not-paying-dues-11581658335354.html + +There is an interesting piece at the end: + +*While the Supreme Court verdict had hit telcos, it had also made non-telecom firms holding licences for internal communications and signalling liable to pay licence fees on their entire revenue, even if they did not offer telecom services. DoT has sought ₹1.72 trillion from GAIL (India) Ltd, ₹48,000 crore from Oil India Ltd, ₹22,168 crore from Power Grid Corporation of India Ltd, ₹15,019 crore from Gujarat Narmada Valley Fertilisers and Chemicals Ltd and ₹5,841 crore plus interest from Delhi Metro Rail Corp Ltd (DMRC), among others.* + +Can someone tell me how are those PSUs able to provide those incredible license fee amount? +Like I know this isn’t going to be sustainable, but I jumped on the travel nurse train and I’m working overtime, night weekend shifts in a contract that pays me close to $6,000 a week for 13 weeks or about $4500 a week after taxes. This is a lot of money, I grew up poor and I have some perspective of going without. + +I have no debt, car is paid off, I was putting 10% towards retirement before I left my staff job a few weeks ago, there’s some money in my retirement but I haven’t looked in a while. I’ve got about $10k in the bank right now, and about $5k in some stocks. I don’t own a house or an apartment. Nothing in the way of friends or family. I have two dogs and that’s really all I have in life. + +I’ve considered what to do with this money because I feel like I have no quality of life whether that be buying a new car or putting 20% down on a house. I’ve been dealing with depression following a divorce for years and it comes and goes. I haven’t done anything fun in a long time. I’d eventually like to put roots down somewhere and start a family. + +I think I want to buy a house, use it as a base to keep travel nursing and then pick a staff job and work on things? Any thoughts? +Here to make everyone feel better about their situation. + +I'm not rich - nor am I in the top 10 percent of income earners. I had some cash mostly left behind by my wonderful grandparents and my own money as well. Got greedy when I was up 20k in March and bought more. Learned a valuable lesson. + +When you watch your portfolio drop past 50 percent it has an affect on you. I'm at the stage where I've accepted that this was meant to happen as a learning experience but it also solidified my determination for long term savings. + +Ultimately it's a good thing because I would have spent the money on bullshit had I sold my gains before the crash. I'm now taking a 10 year view on this technology. I hope to god that I'll not need any of it in the near to mid future - that's the only thing I worry about on occasion but at the same time I've always worried about retirement and having nothing in the bank when I'm too old. + +See you guys on the other side. +Every time the indexation rate is released this question is always asked. This year in particular it is expected that there will be a very high indexation rate (3.9%). By making a voluntary contribution **before 1 June 2022**, you will be able to dodge the annual indexation. This tool will help you decide whether it is a good idea or not. + +[I have built a calculator here.](https://docs.google.com/spreadsheets/d/1QoUJ_PiNM5AmRk3eGm96zolNjSPk4yFMVMNUsA73cog/edit?usp=sharing) This should will show you your repayment schedule (with some assumptions), and the interest rate of this loan. + +**Instructions:** input your HECS-HELP Debt and [Repayment Income](https://www.ato.gov.au/Individuals/Study-and-training-support-loans/When-must-you-repay-your-loan/#Yourrepaymentincome) in the orange cells, and it will calculate how much this loan's interest rate is. + +To interpret the results, if you can get a better return somewhere else (e.g. in a mortgage, or in the share market), then you should keep the loan. If not, then you should voluntarily pay it off early. + +For a quick rule of thumb: + +* If you are scheduled to pay it off **in full** this year (2022) definitely pay it early. It is probably even worth borrowing money to pay off early if you time it right. +* If you are scheduled to pay it off in about 2 or fewer years, probably pay it off +* If you are scheduled to pay it off in about 5 or more years, probably don't pay it off +* In between it is sort of an edge case, have a look at the tool and decide + +-------------------------------- + +Appendix/Questions: + +>What if I have already had many deductions throughout the year from my payroll? + +A common misconception is that these payments influence your debt throughout the year. They do not, it is only when you submit a tax return that the payment is actually deducted from your loan. If you have already deducted a large amount, but still should pay off the loan before indexation, you should pay off the loan voluntarily, then submit your tax forms asap to get a large refund. + +>Wait I though HECS/HELP was the cheapest loan you could get, what is the deal with these high interest rates? + +This is still true for the long run. + +The short term is different. Because interest on HECS/HELP is charged all in one go, and since we are about to reach that point, it is as if you pay an extra batch of interest upfront. Over the long term this doesn't matter. But if you are borrowing for a short time, paying 1 fewer interest payment is a big deal. + +>Complaints about the government/fairness/other r/Australia ramblings + +While this year the rate is very high, the two year average is pretty fair: it was 0.6% last year and 3.9% this year. The two year average is ~2.2% which is pretty much in the expected range. Nothing has changed, HECS/HELP is still a cheap loan and good deal for students studying something useful. Smart AusFinance citizens are just able to do some money juggling to get a couple of percent return this year. + +>What about partial payments? + +This is beyond the scope of this tool, I think someone else should be able to figure out a good trick to calculate it. + +In general, the thing that you want to dodge is the June 2022 indexation, if you can't pay it off mostly in full, it probably isn't worth it. + +>What is the methodology + +This compares how and when you have to make repayments vs if you were to pay off the loan now. + +>What about inflation/income growth? + +I have ignored inflation for simplicity and lack of materiality. Inflation will increase your repayments due to wage growth, but also decrease your repayments due to increased thresholds. + +>Your assumptions suck I can do better + +Download a copy and change the yellow cells, you can also add inflation back in if you desire or do more complicated things such as varying your income over the years. +I know its been asked before, but I haven't seen it in a bit. + +For those of you who have decided to fatFIRE (NW \~$10m) in the past 12mo, I'm curious on a few topics: + +1) Are you glad you did it when you did it? + +2) How does it / you feel? + +3) What are your biggest concerns? + +4) What's the plan for the remainder of your time? +* Morgan Stanley doubled its long-term valuation estimate for Elon Musk’s SpaceX on Thursday, now expecting the company to be worth at least $100 billion some day. +* “SpaceX continues to solidify its place as ‘mission control’ for the emerging space economy,” Morgan Stanley analyst Adam Jonas wrote. +* In Morgan Stanley’s base case, SpaceX’s rockets business reaches an $11.7 billion valuation while its Starlink satellite internet business grows to $80.9 billion, and the company adds point-to-point space travel as an $8.7 billion value. + +The next Meme stock? + +[https://www.cnbc.com/2020/10/22/morgan-stanley-spacex-to-be-100-billion-company-due-to-starlink-starship.html](https://www.cnbc.com/2020/10/22/morgan-stanley-spacex-to-be-100-billion-company-due-to-starlink-starship.html) +I remember a while back, sometime March/May, there was a discussion floating around that the SHF and friends would pull the last and final stop. Drop the price so hard. Spend it all to put the fear in. I mean, it's a nice "sweet dip", ifywim. Coinciding with all these non-hypable days, I'll catch you guys on the moon. +Do you have to plan for the estate tax (either federal or state, if yours has one)? Did you do something special because of your family dynamic? Did you make any specific bequests? + +My spouse and I setting up our estate plans. We don't have enough assets to worry about any estate taxes yet, but found the whole revocable trust thing interesting enough. Further Google searches revealed a lot more complexity with respect to trusts and their different types/purposes, and estate planning as a whole beyond what we need right now. It looks like owning your own business is a particularly sensitive issue to manage with respect to passing it on, as beneficiaries may feel they've been treated inequitably. + +We don't have any children yet so are leaving most of our assets to nieces and nephews. It's challenging planning for these beneficiaries because they're all in the single-digit age range. It's also been difficult trying to have one comprehensive document covering all contingencies given we're only middle-age now. Much could be different in 10 years, let alone 30. We'll continue to update our plan on a regular basis, but it's still a overwhelming for a first-timer. + +As far as specific bequests, it turns out we don't own much of value! A couple pieces of jewelry are all that made the list. As our net worth continues to increase, I'm sure we'll purchase items of either sentimental or financial value that we'll want to leave to certain people. The realization that almost everything we own has immense value to us, and in actuality an immense replacement cost, but essentially no value to anyone else was a bit jarring. (No one wants your kitchen table, used clothing, or 3+ year old TV for anywhere near what it's worth to you.) + +What do your estate plan look like? Were there any challenges or arguments, perhaps, that stand out in your mind? + +(The relevance to FatFIRE is that many people don't have plans at all, and of those with plans, HNW individual plans may be more complex, interesting, and pertinent to FatFIRE readers than other plans.) +We're currently putting 1k a year into a savings account for our daughter. We plan on doing this until she is 18. We currently have 3k put back for her. Our bank offers 0.40% APY on 36 month CDs, and I was wondering what everyone's opinion on CDs are. I know we could buy stock, but my girlfriend isn't the savvy-est on stocks, and wants something that's more predictable. Any advice is appreciated! +Greetings r/FinancialPlanning! + +I am getting anxious about the approaching recession with the Fed Reserve looking to cut interest rates, corporate debt bloating and the Fed Chairman basically worries about global worth slowing down. I have about $6000 in savings, I make $37000 a year and I live with my parents. I’m pursuing another job but until then, I’m worried that my Ally online savings account interest rate will drop again...so here’s my question, would it be more beneficial to move those $6000 in savings towards a locked in IRA or other conservative investment plan or keep it in my online savings account. I have not and will not take money from that savings account. I have a different “emergency fund” set up, those $6000 are strictly for retirement but I am on the conservative side when it comes to risk. Sorry for the rambling! I appreciate any input! +Hi all, + +I’m currently 19 and am working for my father in construction. I make 15/hour. I currently have approx. 10k saved. + +I was originally planning to use this money for college. With the pandemic and all, I’m not seeing any use to go to college right now. It’s all online and if I were to go I’d honestly rather wait until it’s back to being in-person. Regardless. + +I come here to ask what my possibilities are with this 10k I have saved if I decide not to go. It is the tiniest cushion but I just want to feel out my options! + +Any help would be appreciated. Any questions I’m here to answer. Thanks! + +E: Also, I live with my family. They cover my food and all. I am eternally grateful for that and the job as it’s allowed me to save this without spending much. +Some background info, my father and his sister co-signed an investment property together about $200k+ mortgage left at 4.25% due in 2043. Home value is 3-400kish, unsure. + +My father left this property to me but had no mortgage insurance or anything and the only mention of the property is in his will stating that he intends to leave it to me. My aunt co-signed the mortgage with him and payments have not been made the past few months. + +My name is not on the deed or mortgage and my aunt is texting me telling me I need to pay the loan because my father left the house to me. To make the loan current I need to pay 10k and ~1.5k a month thereafter. Myself and the home are both located in CA. I’ve just graduated college and am looking for a job now during covid. It’s really depressing graduating with student debt and now realizing that even if I can pay that off, I’ll be in debt for another 20 years with this mortgage. + +Open to any solutions, preferably one that does not require my aunt or my mom to help as they are both older and cannot work. Thank you all for any suggestions and help +Basically I'm getting screwed out of roughly $2,500 a month extra on my commission because they're not posting accurate numbers. Is there anything I can do ? Should I use the fact that I know they've been stealing from me for quite some time as leverage and ask for more pay ? + The U.S. economy created a modest 173,000 new jobs in August to mark the smallest gain in five months, but the unemployment rate fell to 5.1% from 5.3%, the government said Friday. That's the lowest level since April 2008. + +Good enough to show economy is strong but not too good that fed will raise rates in sept. Stocks up? +How profitable is it to buy (or build) unique rentals? How does that compare to a regular real estate investment (not vacation)? + +How profitable is it to buy (or build) unique getaway homes as opposed to regular investment homes? + +How profitable is it to buy land and then put up unique rentals? + +I’ve just become curious with the idea of renting out extremely unique rentals on Airbnb. How profitable is this? Unique homes such as ones listed in this link: +[examples](https://www.livelikeitstheweekend.com/unique-airbnbs-2019/) + +As you can see it’s not your typical Airbnb, not your typical cabin, or country get away. These are really unique, some would say a few would qualify as ‘luxury’ unique getaways. Not a regular house or apartment or cabin. + +How profitable would it be to buy land, build one of these homes (or purchase if it’s a trailer and totally re-vamp) and then rent out? + +Also please note: it doesn’t have to be an actual *house* like most of the things in that list - it could be a simple glorified luxury trailer, or something other than what you would consider a typical home, but with added luxury and uniqueness. + +I’ve compared a few places in different areas and they all seem to be fully booked for the most part up until March/ April, and most nightly rates are anywhere from 200-500+ a night... even in the middle of no where. + + +And since these are so unique, it’s not like there’s a saturated market of unique Airbnb getaways either.... +And they always seem to be booked out for months in advance... + +Thoughts? + +And I guess just for discussion: how would ^ that compare to a regular investment property where it’s long term rentals (apartments, small homes etc)? I know there’s an actual necessity for long term rentals as opposed to fun vacation homes... so just wanting some opinions on if this could actually be profitable or if I’m just being too hopeful... +I was recently put onto a 30-day probationary period at my current job due to my performance not meeting (recently updated) company performance standards. I have been working here for 10 months, obviously past the initial 90-day period I was placed on when hired. + +I had been looking for a new job anyway, and got extended a job offer to start training on December 6th. I would need to put my 2-weeks notice in on Nov. 22nd. However, I'm worried my current employers (not direct supervisor) will just tell me to leave and not work for the last 2 weeks, as they have done this to previous employees, as well as not treating leaving employees fairly or well at all. + +Do I need to give notice that I'm leaving, what should I say in the letter of resignation, and how should I go about getting unemployment for the 2 weeks if I am terminated? +I work in sales/customer service in a call center for a car dealership. +It's reasonable to save some money every month and put that into stocks, you may be doing that in the retirement account already. Would it be more reasonable to wait until there is a dip and only buy then? Here I compare the 2 strategies: + +* Dollar cost averaging: every month buying $1,000 worth of $SPY +* Every month saving $1,000 and then buying every 5%+ dip in $SPY with ALL money saved + +[Buying Every 5&#37; Dip Strategy Setup](https://preview.redd.it/vxqba48wgrm81.png?width=2394&format=png&auto=webp&s=b3c14546541cb71a0695611b66706d9548f185bb) + +Results of doing than consistently since 2012 are below + +https://reddit.com/link/tbqt7d/video/u52llyfzjsm81/player + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +## LISTEN UP APES, you wanna read some FRICKIN' DD? + +You wanna read some frickin' **SERIOUS DD**, written by a crayon muncher with only one good nostril and an excessive amount of toes?? + +NO, you wanna read some motherfrickin' ***GOD-TIER DD***, sculpted into existence by the very shining silverbacks of the Crayola Black night sky *themselves*, when a particularly retarded and chosen ape spilled his midnight RoseArt marker munchies onto his slinky toy and then got trapped in the mess, resulting in a **masterpiece** of lyrical wordsmith genius and timeless prosaic insanity being written in shit, blood, and bananas across the zoo facility floor, HUH????? + +# DO YA!?!? + +Well I don't think I'm gonna have the necessary word count for that, I only know like seven letters, and half of them are HODL, so buckle up this is gonna be choppy. not financial advice. my girlfriend has a husband I'm not even her main gorilla. + +&#x200B; + +[wHy dID GME sElL tHeIr ShArEs, bR0](https://i.redd.it/lgf4m9cnonv61.gif) + +So I was perusing through the notorious u/HomeDepotHank69's post history, looking for good old fashioned not-financial-advice to re-read and misinterpret in a fresh new way because my amnesia keeps making me forget that I don't memory-too-good anymore, and I stumbled past [a post from two weeks ago](https://www.reddit.com/r/wallstreetbets/comments/mqd3o5/gme_its_all_coming_together/), of Hank giving a good, clean fist-shaking to the apes that tend to stress-eat their whole crayon supply whenever news about GME comes out. + +quoting his post, all emphasis is from the original wrinkle-brain himself: + +>The news: +> +>\- Amazon + Chewey Execs being appointed +> +>\- RC being named god of the board +> +>\- GME announcing the search for new C.E.O. +> +>\- GME paying off senior notes (today) +> +>\- The announcement of GME's right/intention to sell 3.5M shares or $1B in value (this may not seem important but I'll explain why it's crucial later) +> +>\- The announcement of the definitive date for the annual meeting (6/9 lmao) + +AND GUESS WHAT BIG NEWS I SEE ON MY PHONE RIGHT AFTER MARKET CLOSE YESTERDAY, FELLOW APES. + +THAT'S RIGHT, MY GIRLFRIEND HAS OFFICIALLY LEFT ME. + +But also look at that list! + +Some big shit happened that day! + +Apes, some of that shit has been so big that we haven't STOPPED talking about in the two weeks since! + +But you know what we HAVEN'T really been talking about? + +The thing that HomeDepotHank said TWO WEEKS AGO was the most crucial thing! The [prospectus supplement](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) that was gonna let GameStop benefit from the squeeze! + +Y'know why? + +Because WE ALL THOUGHT THAT WAS THE PLAY. + +1. GME sees it comin' +2. GME lines up their shots +3. GME knocks 'em down +4. GME PROFIT + +[👆 Apes, presumably, after GameStop rolls the ball for them.](https://i.redd.it/ojkpnm9dxnv61.gif) + +No ??? in the equation: the whale had just uptooted the station, confirmation bias confirmed, MOASS says MO' ASS. + +BUT BOOM, dropping just yesterday, on the heels of an all-day rise in price and right in front of the most massive, wild, and intense orgy of hot, steaming, after-hours ***action*** that I've ever had the pleasure of napping through, GameStop, once again, ***quietly*** announces that, um, oh yeah, GME made fat money and hedgies r fuk. + +And then shills are like "OH NO MOASS OVER, NO MO MOASS, OH NO" and YOLOing every last dime they have at redditors for their account history and karma count to make paperhands do paperhand things and that's cool for them, but we ain't no paperhands, ya hedgefucks. In fact, I stepped on a rusty nail last year and my lockjaw is ***SPREADING.*** + +**SO**, my beautiful diamond-handed and tetanus-infected friends. Now that we can calmly assess the situation, since it is biomedically impossible to sell anyway: Why did GameStop sell before the squeeze? + +At first, I thought the shareholder vote was the key. Surely, enough votes had been counted that the company simply had enough facts to say, "oh fuck me! 3.5M shares ain't *shit*, Daniel! this motherfucker's shorted to *oblivion, dude!* let's make some MUH-NAAAAYYYY!" + +But in the back of my head, I just knew there was something wrong with that theory. Yes, there were definitely enough excited shills spamming the forums trying to get my control number to effectively overturn an election, and plenty of people were TALKING about voting, but I just didn't really believe there had been enough votes counted for that to be guaranteed, yet. + +For one: + +[shoutout to you, wife's boyfriend, for reading this aloud and showing us the pictures. real MVP for us all.](https://i.redd.it/gsaeu3k5vnv61.gif) + +but also, my half-rabid ass still hasn't received proxy vote materials from my broker (...errr, I mean my girlfriend just left me, and the account's in her name). + +Plus, *everyone already knoooows* the stonk is shorted. If ***THIS*** ape knew, then Papa Cohen ain't no dummy. The vote is just a paper trail to lead Helen Keller to the killer in the basement when she plays the SEC in the upcoming smash box-office success, "Hey Hedgefucks, Get Fucked 2: The Sequel To The First Time Where I Dreamed You'd Died" + +And that's when I came across Hank's breakdown, from two weeks ago. + +And it dawned on me. + +*Market manipulation.* + +# GAMESTOP + +doesn't want to be charged with + +# MARKET MANIPULATION. + +And in EEEEVERY one of the comments (or, not every one of them, I can't read, I open beer bottles with my eye sockets) some Ape or Apette was recommending that GameStop just give the market the teeeeensiest of pushes and make their full billion dollars. That we didn't need to worry about these 3.5M shares until the squeeze, and GameStop was probably our friend and wouldn't fuck us and so they'd probably sell on the way down, too, 'cause they've got enough shares right? The price only needs to be $285 for them to reap the full bounty, so let's just not worry about that juicy little bit of news... + +AND! + +IN THE MEANTIME! + +Look at all this OTHER stuff to be excited about! Daddy Ape is "God of the Board" now! New CEO search! New executives! + +And did I mention ***uh-guh-huh*** the 69 thing about the meeting? + +***And that's just what GameStop needed.*** + +Because when the investigations begin, GameStop doesn't need any reason to look like they'd benefit from some funny business. + +So they dropped the announcement amongst a TON of sexy other news, we all forgot about it (again, the amnesia thing I have), and they sold those 3.5M quietly, just like markets are supposed to work. + +But boy, they'll sure look like fools if the rocket takes off tomorrow, won't they? + +Because what idiot would sell before the squeeze, amirite? + +[what? it's the lockjaw](https://i.redd.it/94ufwe4c1ov61.gif) + +TA;DR — the whole world is sleeping on GameStop's moves, because nothing is more captivating than inappropriate humor. + +. + +Disclaimer: not financial advice I don't know shit about fuck and you can quote me on that, please don't pick on anyone named Daniel I just pulled that name out of a hat, also hedgies r fuk and please quote that one too. + +&#x200B; + +Edit: my smooth ass-brain forgot to obligatory 💎👐🦍🚀🌙 + +Edit edit: I wrote this post as midnight happened and started mixing the words "today" and "yesterday" at some point. idk i'm dumb. +Ex wife claimed my 3 children on her taxes. All 3 lived 100% in my home last year. Is there anything I can do? We live in Louisiana. + +when we divorced 3 years ago. we agreed to share custody. But they wanted to live with me and see her every other weekend. + +In times of market volatility, dividend stocks provide a specific type of reassurance. A lot of famous investors like Warren Buffett and Jeremy Grantham have talked about the benefits of owning dividend stocks again and again. Real Estate Investment Trusts are one of the best dividend stocks out there in my opinion. + +# AGNC Investment + +First of all, we have AGNC Investment or simply AGNC which is a mortgage REIT. Essentially, you have two main types of REITs: equity REITs and mortgage REITs. As the name suggests, mortgage REITs like AGNC invest in mortgages, mortgage-backed securities and other related assets. Their main revenue stream is the interest on their investments. Essentially, AGNC has taken on a massive leverage to be able to pay out one of the highest dividends in the US market, but there's a silver lining to it. AGNC invests in mortgages that are guaranteed by Government Sponsored Entities (GSEs) so there is no credit risk there. Even if a mortgage owner defaults, AGNC will get their exposure refunded. So, the only risk that AGNC has is connected to interest rates. Because of the nature of AGNC's borrowing and lending, the company benefits from low short-term interest rates and high long-term interest rates. This is perfect because we are currently heading towards a larger spread between short-term and long-term interest rates in the US which means that AGNC will very likely benefit. This means a higher stock price and a higher dividend which is why AGNC is my top REIT pick right now and my biggest REIT position. AGNC currently trades at about $16.5 dollars after hitting almost $19 dollars in September. + +In fact, there is another mortgage REIT called Annaly Capital Management or NLY which is very similar to AGNC and also pays a high dividend of 10% right now although it is not paying it monthly. However, Annaly Capital is still worth looking into and I think it's another great purchase as long as you don't expose yourself to it too much. NLY currently trade for $8.7 dollars. + +# LTC Properties + +Now, the second monthly REIT that I want to cover today is LTC Properties or just LTC. Unlike AGNC which is a mortgage REIT, LTC is an equity REIT which specialises in senior housing and skilled nursing homes. They currently have a portfolio of 176 properties with a gross investment valued at over $1.67 billion US dollars. They are currently paying a 6.4% dividend which looks appealing, but there's a potential issue. There's about 14% of uncollected rent meaning that LTC may have issues maintaining its current dividend. A few of its tenants were problematic and LTC may be selling some properties as a result. However, the company is performing well otherwise and they've also declared their dividend for the next 3 months. From the looks of it, there is no upcoming dividend cut, but we need to monitor the situation. Personally, I think it's trading at an okay price and the dividend is good, but I think that anyone thinking about investing in LTC should be wary of some potential issues. I would be careful with my exposure to the company, but I still think that it is one of the best deals out there right now because it looks like the potential tenant issues have been priced in at the current price of between $33 and $34 dollars. + +# Realty Income + +So, the third monthly REIT for today is Realty Income or just O. Realty Income rents commercial locations to blue-chip clients like Walmart, Walgreens, Starbucks, CVS, Home Depot and many more. 84% of their properties are rented to retailers, 11.5% are industrial and they also have some office and agriculture properties. Realty Income has a high credit rating from Moody's and S&P, strong balance sheet and has shown time and time again that it can pay a reliable monthly dividend. The company has paid 608 consecutive dividends since 1994 and increased the dividend 109 times. Overall, the company is a solid choice although it offers a slightly lower dividend than the previous REITs at only 3.8%. Still, Realty Income can also offer decent good price appreciation and, most importantly, stability. Realty Income currently trades at roughly $74 and is one of the most highly regarded REITs on Wall Street. + +# Stag Industrial + +Finally, the fourth monthly REIT on my radar is Stag Industrial or just STAG. Now, unlike the other REITs that I've covered so far, STAG actually pay a much smaller dividend at only 3.3%. However, that's simply because the stock has gone up 41% so far this year. STAG is an industrial REIT with a history of increasing monthly dividends. They operate more than 500 individual assets that comprise over 100 million square feet that they rent out to single tenants, meaning there's only one occupier per asset. Some of their biggest tenants include Amazon, FedEx, American Tire Distributions, Ford Motor Company, etc. In my opinion, STAG is a solid all-rounder which can offer an increasing monthly dividend combined with an increasing stock price. + +So, these are my top 4 monthly REITs with an additional mortgage REIT in between. What do you think? Which one is your favourite? +I am a pilot with a new job that has an unusual schedule- I get up at 4 in the morning, fly to a destination (usually there by 10:00 am) then hang out in a hotel room for 4-5 hours, then fly the same route back. This job is really more of a "stepping stone" job that will eventually help me to get a better one in the next 1.5 to 2 years. As such, it really doesn't pay a whole lot. Although the salary is survivable, and I have a budget worked out, it doesn't have much leeway in it. My question is this: if you had 4-5 hours of hanging out in a hotel room with nothing but a laptop, how would you earn extra money? + +Edit: The Mods locked the comments sections, due to lots of rule breaking. I have been getting lots of PMs and I will try to answer them all, but thank you for all of the great ideas! +I’ve been trading for a decade now, and to be honest I was highly skeptical of advice coming from this sub when I joined. The first 3 stocks I saw in here, since joining, though, have been legit gainers. You’ve got my attention, for sure. I almost pulled the trigger on MVIS, today, and actually regret that I didn’t. That’s ok, though. + +Kudos to the folks doing serious DD and identifying potential opportunities for the group. +Seen this video go viral on TikTok from someone who gives financial advice. Can’t be just me who thinks this advice is terrible? [Video](https://vm.tiktok.com/ZMNsktF5h/) + +For those who can’t view the video - she is essentially telling people with ‘high interest debt’ to only pay the minimum balance and use their leftover money to start an emergency fund instead. If you have an emergency then you have the money for it! If you pay of your credit card then you’ll have to put the ‘emergency’ back onto the credit card and you’ve made no progress. + +She states high interest as “Over 7-8%” + +This just doesn’t seem right to me. Surely you’d pay off the credit card to reduce your interest payments each month- if you have an emergency then yes you put it on the credit card, but if you just don’t pay it off and use your savings then you’re still in the same position of ‘high debt no savings’ but at least you’ve reduced the interest in the months before. + +Open for discussion on this, everyone in the comments agrees with the woman’s video and I really don’t? + +Edit: Yes i’ve seen the flowchart - it does mention building up an emergency fund if less than 10% and then trying to refinance those debts. +She hasn’t mentioned any intention to refinance or reduce those interest rates, so in this case is not paying the best route? “Over 7-8%” could include 30-40% + interest credit cards and overdrafts +Hi, due to an inheritance I will be receiving approximately 400k in the next 6 to 12 months, over half of which is coming from a house (which I plan to sell). I believe I will not be paying inheritance tax on it as my father has left the house to me. Also I've read the flowchart and I feel like I'm in a pretty financially solid position, and just now have some more options with this recent windfall. + +My information +Age: 29 + +Salary: 80k + +Savings + investments + little bit of crypto: 80k + +Debt: 20k student loan (plan 1), currently paying it off at 400 / month + +Goals: Retire early. At age 50 would be fantastic. + +First of all I'm planning to sell the house. I don't want to live there and I don't think I want the hassle of trying to rent a place out, but I'm all ears if you think there's any reason for me to hold onto it. + +Then I would like to aggressively pay off my student loan over the next year (~1.5k a month). Put 50k into premium bonds as a huge emergency fund, a bit of interest, and to satisfy a very small gambling craving. Then with the rest I think my options are: buy property or invest. I like the idea of using property as an investment, but I also am not to sure about all of the troubles and effort associated with owning a home and renting it out (bad tenants, repairs, taxes, etc.). For this reason I'm thinking of putting most of it into stocks and shares, and continuing to rent. + +If I wanted to put most of this into stocks, I understand that lump sum is generally better than DCA but this would be tough mentally to put it all in at once. Should I just bite the bullet and lump sum? + +How does this plan sound? Thanks +Hey guys, long time lurker, first time poster to [r/CryptoCurrency](https://www.reddit.com/r/CryptoCurrency). + +I've been giving Crypto a lot of thought, and had a good look at myself in the mirror when btc started nosediving from 11k. At that point in time I thought 11k was the bottom, and tried to catch a falling knife. + +Recently, I took a break from looking at the graphs daily, because I realized my mood would always be affected by the giant red bars on my phone. So I deleted my Binance app. Since then I've had time to reflect on Crypto, reflecting on what enthralled me when I first got in. I came to several conclusions. It has completely changed my outlook and re\-adjusted my expectations on crypto\-currencies in general. + +Since then, I have cleared away my desire for the green bars, and my misgivings that this is something that would make me the Laurens Bancroft of the 21st century. What came in to replace these thoughts are below, shared with you. + +1) Herd mentality hurts us more than it hurts them. + +I come in contact with 3 kinds of people in my life, and these can be categorized into 3 different groups: People who want to see Crypto succeed, people who don't, and people who don't care about Crypto. + +I was part of the initial group at first, and now I've come to realized that in order for Crypto to succeed, we cannot exclude the people who don't care, and the people who don't want Crypto to succeed. They are an integral part of how Crypto is going to make it in this world, and we cannot ignore them. We cannot be an elitist club of people who think ourselves as a Master\-race that will eventually trump all. + +I came to this conclusion during Chinese new years, at a dinner table with relatives. The conversation slowly swung around what all of us had achieved during the year of 2017, and I had said that I was an avid follower and investor of Cryptocurrency. My relatives were shocked. Some of them tried to dissuade me from investing, others listened with interest with what I had to say. It was then I realized a common denominator among them, it was that they don't understand. + +They don't understand how blockchain can change our world, they don't understand how block\-lattice technology has the potential be the ultimate weapon against corruption, they don't understand how Cryptocurrency can bring humanity to places never ventured before. But they are interested. + +Over the period of the dinner I slowly but surely watered the plant that is now their newfound interest, answering questions to the best of my ability, but at the same time not critiquing their beliefs. I do not talk about the banks, I do not talk about politics, I talked about the wonders of Bitcoin, and the benefits that can be had with it. + +2) Adoption incentives. Unlike many of the inventions that have come to advance humanity, the benefits of Cryptocurrency cannot be felt by myself, or by you. Not in the short term anyway. The effects of Crypto will not be felt in a drastic way, but instead, gradually change events that were normally out of our control. + +We humans adopt things quickly if they are either one of 2 things, they improve our standard of living immediately(e.g getting a car or computer), or provide an immediate incentive(e.g. credit card frequent flyer points). Crypto is neither of them, and that is why it is a long uphill battle to convince someone to take on Crypto, when all it seems to do is add on more trouble for them. + +Being centralized has a thing going for it; few people can make decisions to create incentives for a small loss, in order to exploit an even bigger gain. In Crypto, no one is able to do this, and won't be able to without a centralised figure making decisions for us small guys. + +No one seems to have a viable solution to this, which brings me to my 3rd point. + +3) Moon boys. We all want to be on the ride to the next moon, the FOMO is strong, the memes sustain us, and every piece of news directly affects whether we see a red bar or a green bar. Now the feeling is subsiding, and all that is left is pump and dumps that out of our control. + +As a normie that doesn't have the power to control these events, I can only watch as the price gets manipulated. But this is what I signed up for. I believe that I'm not just holding an ordinary piece of money. I'm holding the future. I am holding the blood, the sweat and the tears of thousands that came before and thousands that will come after, because I believe in them, I believe in the idea, and most of all, I want that future, for me and for my descendants that will come after me. This isn't just about me, it's about advancing mankind. + +I believe in a future where Crypto will make the world a fair place for all, a world where corruption and power don't belong to someone we are forced to vote for, that my voice can be heard among the billions. Crypto doesn't align with my monetary objectives anymore, it aligns with me politically. + +This leads to my conclusion. I know that the recent drops have hurt us all, but it's time to look past it. I think it is time to look at what we are holding on to. Is it for the money? Is it the stubbornness? Are we truly here just to take fiat from others at a suitable time? If you manage to find your reason for holding on, I think your resolve be will strengthened. + +I look at my Crypto from time to time, and all I see is the hard work of the people who have created something amazing, and I feel honored to be part of this journey. And I will continue investing as much as I can, be it money or time, to further this project. +**Red alert 🚨 TacoCat 🐱🌮 Listed on CoinGecko after SIX hours 🚀🚀🚀** + +$TacoCat 🌮 🐱 More Than Just A Shitcoin 🚀 🚀 🚀 + +**TacoCat makes the wallet fat 🌮 🐱** + +**Join the Telegram and ask the devs any questions you have:** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**🐱 Twitter:** [**https://twitter.com/TacoCatCrew**](https://twitter.com/TacoCatCrew) + +**🌮 Website:** [**TacoCat.life**](https://tacocat.life/) + +**🐱 Discord:** [**https://discord.gg/KBMbkAcz**](https://discord.gg/KBMbkAcz) + +🌮 **Subreddit:** [**https://www.reddit.com/r/tacocatcrew/**](https://www.reddit.com/r/tacocatcrew/) + +TacoCat is moving to flip the entire CryptoCurrency market upside down. If you know, you know. They just got listed on CoinGecko after SIX hours, while practically every other coin has to wait weeks to achieve that. Surely this can dispel some of the fear surrounded about this coin not being serious. This is more than just your plain ordinary shitcoin! 🚀🚀🚀 TacoCat is aiming to become one of the most recognizable crypto currencies and brands in the entire world! 🌮 🐱 🚀 + +Due to the nature of legal matters when establishing brands and businesses (a lot to do with copyright as well) the TacoCat team unfortunately cannot reveal any concrete announcement at this time due to having non disclosure agreements in place. However there are some BIG big news cooking up and everyone should tune into the Discord AMA this Friday coming! 🚀🚀🚀 Absolutely huge news are on the way! 🌮🐱❤️ + +TacoCat aims to become promoted by globally known celebrities and influencers who will become actual investors in the project, as opposed to being simply paid shills. The aim is to establish an actual meaningful connection between the brand and its investors, to ensure longevity and organic growth. This is not a pump and dump coin. There are non disclosure agreements in place which means the dev team has to remain silent until the deals are locked in. This is why it takes longer to iron out the details, unlike other shitcoins which pay for cameo's and call it marketing. Additionally, TacoCat is no shitcoin, as the ambitions of this project are astronomical and global. The goal is to become a billion dollar worldwide cryptocurrency business. This is not a quick 10x shitcoin gamble. This. Is. Huge. 🚀🚀🚀🚀🚀🚀🚀 + +**Here are some links with info about the contract itself as well as how to buy:** + +**50% of liquidity locked for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**50% of liquidity locked for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf773725**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +✅ Token address: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +🥞 Pancakeswap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +📝 BSC Scan: [https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +Make sure to do your own research before investing, but this coin is slowly popping off and soon it might be too late to hop on the taco rocket to the cat moon! 🌮🐱🌮🐱🌮🐱 + 🌀50BNB Presale done in 3Hours with max buy in 0.3 BNB with 95% going to liquidty, Fairlaunch at 1000 Telegram Memebers, Doxxed devs, Dev tokens burned, Contract renounced. $PRDT 🌟 Predator Token 🌟 is a low mcap gem that's due for an explosive run + +BSC Token Predator Token has been steadily growing since pre sale. The community is full of diamond hands who are passionate about the project. This isn't just a pump and dump memecoin, Predator Token has a true product in development, a dApp that will power new generation of trading charts and decentralized trading + +After an pre sale run with 50BNB Hardcap reached within 3 hours, and max buy-in at 0.3 BNB the whales were unable to get on the playing field and this token is primed for TAKEOFF! 🚀 This is a great and fair entry point so get in while it's still early! + +The entire dev team is fully doxxed and have been working around the clock to fast track the projects growth. They are already ahead of their roadmap! + +ROADMAP: + +Q2 + +\-Website Launch (complete) + +\-Website Rehaul (In Progress) + +\-Token Presale (complete)- Lock Liquidity (complete though DxSale) + +\-Apply for CoinMarketCap, CoinGecko, and Blockfolio (In Progress) + +\-Marketing campaign with 2 tiktok influencers ( > 1M Followers) and 3 Instagram influencers ( > 500k Followers) (After Launch) + +\-Strong marketing push with marketing agency on creating a huge tiktok flashmob that will be associated with the token (After Launch) + +Q3 + +\- Whitebit / Cointiger Listing (in progress) + +\- Space Chars with option of using Limit Orders (Like Bogged) + +\-Outer Space NFT Station + +Q4 + +\-Database Expansion + +THE FUTURE + +\-iOS/Android App Development + +\- Fund filiming of new Predator Movie + +\-Wallet (Desktop, iOS, and Android) + +Tokenomics: 7% tax (3% redistribution + 2% burn + 2% charity) + +\- Multiple TikTok influencers on board with more to come! + +\- Poocoin ads (After launch) + +\- Social Media Campaigns + +\- International advertising campaign deployed with global marketing agency and billboards around Tokyo, Osaka and Kyoto (Biggest predator fans) + +\- Significant partnerships in the works + +\- DApp and NFTs being developed + +\- CoinGecko and CoinMarketCap listing coming soon + +This is a rare BSC gem with use case that has not been noticed yet with a market that's diluted with pump and dump shitcoins. This has true moonshot potential and will likely be here for the long run. + +Contract: 0xdd4067e5e2d3e447c98f55e1c496c30aff5173bd + +Pancake - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdd4067e5e2d3e447c98f55e1c496c30aff5173bd + +Learn more: + +Website - https://www.predatortoken.com + +Telegram - https://t.me/PredatorBSC + +Twitter - https://twitter.com/predatortoken +I was at the fuel pumps at Sam's Club next to a guy in a newer type Mercedes. He picked up a screw citing it would have punctured a tire. Told him he a good man for that. I joked that I am sooooo poor, I can only replace tires 2 at a time. He subsequently tried to hand me some $$. At least a $20 USD citing he needs the blessings (buying good karma) I refused and told him to give it to someone who really needs it. + +Man got me wondering if I'm really f###ing poor af. 😑😑😑🙁🙁😕. +Millions of pounds is being saved and demand is being built up like a spring ready to be released. How much have you saved and what are you going to do with it? + +[BBC](https://www.bbc.co.uk/news/business-56210579) +Tl;dr: performing surprisingly well for BSC memecoin. Excellent community. + +[Telegram Chat](http://t.me/HOGLfinance) + +[BSC scan ](https://bscscan.com/token/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26) + +[Charts/Ledger](https://poocoin.app/tokens/0x182c763a4b2fbd18c9b5f2d18102a0ddd9d5df26) + +[Website](https://hogl.finance/) + + +With memecoins and shitcoins, the goal is to make money. If done correctly, this goal can be achieved with large gains quickly. I believe this is why these posts have not been totally banned from this sub. They are a huge part of the crypto revolution. They print money by taking from the impatient and giving to the patient. + +Since these coins have no core purpose, I evaluate them using 3 metrics: +1. COMMUNITY +2. CONTRACT TOKENOMICS +3. COMMUNITY + +I will try to keep this short but concise. My position in HOGL started with 0.5 bnb. + +First the community: HOGL launched 2 days ago on the DxSale platform. The first launch failed completely. The dev tried to clone HOGE contract and rekt the presale. Refunds were issued. At this point we wrote HOGL off. Surprisingly, the then ~100 members of the tg community came together to offer the dev help in rebuilding the contract. At this point I became interested and followed the project closely. + +With help from much more capable programmers in the community, the dev fixed the contract and made it 'safe'. Then the admin took a poll to determine the presale metrics. I had never seen this done before. The tg community determined the presale metrics BY CONSENSUS. They decided to cap at 100bnb and 2bnb max individual contribution. This avoided any whales controlling the project early on. The presale was launched successfully the next day and sold out in 3 seconds. 100% liquidity added to pancake. Dev tokens locked with DxSale. (can confirm with DxSale devs in their tg) + +The next interesting thing to happen involves the community and tokenomics. If you are familiar with HOGE/deflationary you understand the general tokenomics. 1% burn and 1% redistribute with every tx. For the next 18hrs..nothing happened. No huge sells. No dumping. No crazy volatility. Hogl just oscillated at 6x presale for almost a whole day. There were small buys and sells but the line was held with almost robotic precision. Please review the chart. + +This showed me that HOGL presalers really were trying to become the next HOGE. They bought small dips and just fucking HODLed. The next day they were rewarded with a quick 10x and by the end of the day, 21x above the 6x presale line. Some took profit but the dips were bought. And in the community there was no fudding. No panic. No excessive shilling. Just healthy teamwork. See it is really the community that drives these coins thats why I list it twice. A healthy community/dev means a healthy token. Whales are not taking all profits at once. People are not panic selling. At the heart of any currency is faith. Faith makes the currency tradable. + +Since yesterday the dev has worked around the clock. I actually suspect they are two people. The have not stopped hitting roadmap goals. Applying for listings. Building legitimacy of the token. Today, the Whitebit listing was confirmed. Please verify for yourself on whitebit twitter/website. The price has remained very stable. With larger and larger buys coming in. Today HOGL sits at 30x above listing price. There are no whales with 1%. + +Pros: solid community. Dedicated dev. Good tokenomics/rug safe. Whitebit listing confirmed. Coingecko and CMC applied. Price stable and poised to moon. No big whales + +Cons: Foggy long-term vision. No use cases yet. + +I have made huge gains from this sub, I hope we dont let the spammy shitcoin posts keep us from spotting the next trip to the moon 😊 + +Good luck + + +Edit: Today someone accidentally burned 200M HOGL. After announcing on the tg, the dev confirmed the txid. Since they were holder since day 1, dev refunded them the tokens 😱 cannot make this up. Community will send this coin to the moon + +Edit2: HOGL is now on blockfolio and Coinmarketcap. +A little over a month ago I left for Mexico to get my teeth fixed. 8 days later I flew home with 22 crowns and 6 root canals done. + +As of yesterday seeing my dentist at home, he was extremely impressed with the work and the health of my teeth and gums. + +After 7 years of desperate public health dental visits dealing with falling apart patchwork teeth, I had finally saved up enough money to get my teeth repaired. + +Here's my little guide on how to do this if you need too. + +---- + +Pre-guide advice: Buy a Waterpik/Water flosser off of amazon, or other retailer. There are tons of them. Make sure to get one that has a small brush tip, or has at variable power to it. You will NEED this kind of cleaning tool before and after you get your teeth fixed. The cleaner your gums are the better the result. Initially this thing will make your gums bleed profusely and will probably be rather painful to use. It takes time to get used to it and clean out your gums. Start with the brush tip and learning how to get water spray under your gums. they're around 30~40$ on amazon. It has a dramatically positive effect on your gum health. And grab a bunch of floss as well. + +---- + +**First, Financial prep and awareness.** + +Look up Sani Dental Group Los Algondoles. Los Algondoles is a dental tourism border town just across the US Mexico border, it's situated a few miles drive from Yuma Airport. + +Sani Dental is the best clinic in the town, and they have a 2 location facility they call Platinum and Main Clinic. + +(You do not need to speak Spanish, however it does help. They do have Wifi in their clinics so if you need to translate something, you can access DeepL Translate. It does English to Spanish fairly well.) + +They have a Quote system in which you can check how much each procedure is going to cost. + +If you can find a dentist that will do an exam or X-rays or something of the like for free. Do so. + +Either at a Student facility or something like that. Call around local dentistry and figure something out. For me I have access to a public health clinic dentist that does dental work based on Medicare/ABD/Homeless patients. + +Once you know what the dentist wants to do to restore your teeth, put that into the quote at Sani Dental. This will be the rough estimate of the bare minimum you should bring in the form of a cashiers check. Expect more root canals than predicted. Especially for any tooth that has a huge cavity or has any sensitivity. That Waterpik that I advised you to get, any tooth that you use it on that bleeds excessively more than others or is particularly sensitive more than others, you can almost be assured that you will need a root canal on it. + +For me, my dentist in the USA said I needed 22 Crowns, a very unlikely 1 root Canal, and 1 set of X-Rays. At Sani dental without the Root Canal at the time it was 4450$. + +After they ground down my teeth, and did extra X-Rays at Sani it ended up being a total of 6 root canals ontop of the 22 crowns. + +After a discussion with their finance office they decided to give me discounts where they could, and compromise on a price. I paid 4450$ in a cashiers check and 640$ off of a credit card. Be aware that across US Mexico borders transactions have a 4% charge fee. + +They will work with you, but please don't take advantage of their kindness. Please don't show up with a quoted amount for 4000$ of dental work when you need 7000$+ While they do want your business and want to keep patients in, they aren't afraid to tell you to get lost if you're trying to twist their arm. For me, they asked specifically about what I did for work, and how I could pay for this then they realized I didn't have enough money to pay for everything. + +And I just was honest and told them I was disabled and explained that this money was back pay from disability income in the USA. They were relatively understanding in the fact that I had quoted as best as I could for them, and I didn't have extra money to spend. + +Have at least 2000$ in extra back up funds on a credit/debit card just in case you need a significantly greater amount of work than expected. + +Bring at least 350$ In cash as well. + +**Second. Getting there and Staying in Mexico.** + +Once you've figured out the dental and money situation that you're in, and you've got a quote for Sani Dental's work. Schedule an appointment with them far in advance. Check flight costs between your location and Yuma Arizona. Coordinate something where you can spend at least 7 business days in Mexico(they, Sani Dental, are open Saturday but not Sunday). It can take as little as 4 days, but safety margins due to unpredictable situations I suggest 7 days. I spent 8 nights one in Yuma and then arrived in Mexico the following morning. + +Hotel situation is relatively simple. The Hotel I stayed at is called Hacienda. It is 60$ a night, non smoking. They require a 50$ deposit. + +If you have over 3000$ of dental work being done at Sani Dental, Sani will pay for 3 nights of it, given you aren't compromising on the cost of the dental work being done by Sani. For me this is where they cut the deal. I had to pay for all the nights stays. Which was fine with me to make sure I got such a big break on my dental work cost. + +You can reserve your stay at Hacienda long in advanced just like scheduling your dental work. + +It is very likely that You will receive an email about hotel locations you can stay at while getting dental work done. Sani sent me one automatically. + +Uber/Lyft drivers will take you from your Yuma location all the way to the Mexico border. They cannot park there, it's a 200$ fine so they drop you off as close as they can and then skedaddle. + +When you land in Yuma Airport and go to leave, directly north from the Airport exit doors there is a WalMart up the road. I'm assuming that many low income people will have EBT cards like I do, so if you want to save money on food while in mexico, I suggest stocking up at that walmart with soft and easy to eat non sticky foods. Tuna Packets, Apple Sauce, Ramen, oatmeal, Drinks, ect. Do no try to eat anything super sticky. It will pull the temp crowns off immediately. In-fact once you have your permanent crowns you can't eat sticky foods anymore anyways. No more Star Bursts, Tooties Rolls, Caramels, or anything that grab onto teeth. + +If you want some quick Fast Food, DO NOT go to the McDonalds in the Wal-Mart, instead there is a Hamburger Stand next to the main road in the parking lot of the Yuma Walmart. Their burgers are significantly cheaper. They also have corn dogs, and fries. + +Once you are a confirmed patient for Sani Dental, you can ask the staff for the shuttle to anywhere you need to go between clinics, and the hotels. This is a free service they offer, and if you have no desire to interact with the local population, this service makes that pretty much possible. + +**Third. Crossing the Border** + +This is actually where it was super surprising for me. You can literally just walk into Mexico. There is a pathway across where you can just walk in. As you cross over there's a few public bathrooms at the mexico entry pathway. But that's about it. Right behind all of that is the town of Los Algodones + +Walk over and you're in Mexico. Once you've entered, you can call Sani Dental to have them shuttle you to where you need to be first. + +Getting back over into the USA is a bigger deal. Right now before REALID goes into effect, all you need to get back into to the USA is a Valid state ID, a Valid birth certificate, and a Social security Card. If you have a Passport none of this matters. After REAL ID if you do not have a passport, you will not be able to get back into the USA so if you are reading this post after REALID went into affect, do not attempt to leave the USA without a valid REAL ID. + +You will be screened at the border coming back. Big Warning here: If you have ANY, and I mean ANY Warrants for your arrest in any state, it does not matter how old they are, they are all accessible by border patrol(Andrade Port of Entry), If you have any outstanding warrants YOU WILL BE ARRESTED AT THE BORDER. If you have a warrant, you need to clear it up BEFORE you cross over into Mexico. + +This is not a question of if they know or could possibly know, I asked them directly. If you have any active warrant that has any presence in any state system, they will arrest you when it shows up. What they do with you afterwards is not clear, but they will not hesitate to hold you. + +**Forth. Getting Home** + +The most difficult part was getting from the US border back to Yuma. I would have been stranded if I had not been handed a card by an uber driver that had a number for a Ride service run by people who know this kind of transport is needed. I wont post their phone number here incase of spam but google "Desert Drivers (Lyft/Uber)" they took me from the Los Angadoles border to the Yuma Airport for 25$ flat. + +Make sure you have their contact information and have an charged phone. Otherwise you may be saddled with walking a long ass way back to Yuma. + +YOU CANNOT schedule Lyft/Uber from Los Algondoles. Uber and Lyft do not let you. They will let you get to the border but once you are geographically located in Mexico and attempt to schedule a ride from the border back to Yuma, it will not let you. I tried several times. + +Uber/Lyft refuses to let you. + +So make sure you have the number/contact for Desert Drivers (Lyft/Uber), or you're gonna have a shitty time getting back to the airport. A lot of the drivers there know this is a problem and have setup this system so that people can get rides back to the airport. + +It would have really fuckin sucked had I not gotten an Uber driver who figured out I was headed to the border for dental work. + +**Some Advice, Pre answering some Questions** + +Is this safe to do? Ill be honest, I have no idea. But the frequency of people going there and the lack of negative reviews or warnings or anything like that in my eyes is a pretty good indicator that there is something worth while going on there. + +The town is founded on dentistry, it is all over that town. And I don't see much of a reason to be afraid of getting work done by Sani. They are ADA registered clinic. + +And really at 20% the cost of the USA, including the plane tickets and hotel stay, There's not much to really lose. Better to try to save your teeth than let them rot out with no fix what so ever. + +My USA dentist is impressed with the work and how clean my gums are now compared to before I went. + +The local population and town is pretty safe. You will be bothered left and right to buy things by street sellers, and there are plenty of tourist shops. I visited nothing there, however, because I was there for one thing and one thing only, to save my teeth. I have no idea how the rest of the town, prices, or anything works down there. I came prepared, I spent 90% of the time there in my hotel watching TV shows and browsing reddit on my laptop, and the rest in a dental office getting my teeth fixed. + +Once it was over, I came back. I didn't spend a dime outside of it. + +My biggest advice though, is that if you're going to do this, make sure you have a significantly extra amount of money beyond your total expectations of expenses. You have no idea how bad things are inside your mouth, and the dental clinic is not there to upcharge you on procedures you don't need. They only want to make sure you that you don't have to come back anytime soon. + +They do warranty their work as well, 2 years. So you have at the bare minimum, 2 years of extra life out of your teeth that you can count on. + +If you have questions, feel free to ask. I'll answer as many as I can answer when I wake up or through out the day. + +What about Pictures? I'll take some photos later, perhaps, but I am not particularly enthusiastic about taking photos of myself and posting them online. +A 700k share sale was made by a single seller. This was likely an INTENTIONAL scare tactic to shock smaller buyers. It caused many stop losses to trigger which snowballed things. + +Why would a seller do such a thing? + +Simple. + +1. The Whale sells 700k shares +2. Stop losses are triggered making things worse +3. Other buyers panic and sell (possibly even for losses) +4. When the time is right and it's low enough, the whale buys back in chunks so the price doesn't sky again. + +5. Profit for the whale. + +Basically some person with 700k shares just punked a lot of investors into selling in one way or another so they could buy back cheaper. There was no news. There was no reason for this drop. Just investors trying to get the stock cheaper in later hours or after hours trading. + +EDIT: + +Adding a useful link from user u/Ex__ + +>For those who don't know this, is called a stop hunt: +> +>https://www.investopedia.com/terms/s/stophunting.asp +I think 99.9999% of us in the sub wish we could go back in time and load up on $5 BTC, but that ship has sailed. You cannot go back in time, but you can change your future. If you have the ability to throw a large sum of fiat into one crypto, what would it be? + +I know you should DCA and should not put all your eggs in one basket, but if you had to go long on just one crypto, what would it be (and why)? +In the process of building a [tool to compare coins](https://matchcoins.info/) by market cap (to estimate their potential), we ran into a problem of identifying comparable coins, i.e. competing projects. Therefore, we decided to categorize top cryptocurrencies by industry/field they operate in. +Categories file with 300+ crypto map is [here](https://matchcoins.info/300-crypto-map-matchcoins-info.pdf). + + +**Observations** + +After going through 300+ coins’ websites, reviews and sometimes even whitepapers, one by one, we’ve noticed a few issues: + +* There’s a lot of projects but only a small number of them solve real-world problems. There are so many similar projects without any use cases, or potential real users. +* Most coins aim to solve the same problems and focus on the same broad use cases. +* A large number of projects claim to be "better, faster, bigger, etc." yet fail to provide any sustainable competitive advantage +* With a few exceptions, the vast majority of blockchain platforms (Smart contracts and dApps) don't offer clear significant benefits against the established players. In addition, they don’t provide services that would help attract new users, e.g. helping them integrate users’ products into the platform, and they don’t suggest any other ways of how they will attract a critical number of users. This will likely result in a large number of zombie platforms serving small numbers of companies. +* Similarly, only top3, maybe top5 projects within each category should dominate, while the rest would struggle to attract users or cease to exist, unless they pivot to focus on specific small niches within their markets +* Many projects fail to clearly communicate what they actually do and why they exist, i.e. what are their benefits against competition. In some cases, we needed to really go deep into their whitepapers or even discussion boards to understand what they actually do. +* In cases when a project aims to solve a specific problem, it seems to have much lower market cap potential compared to crypto projects that are impossible to link to traditional companies or industries +* Top 3 categories of the reviewed projects: Finance (29%), Digital cash (21%), Smart contracts and dApps (16%) + + + + +**Categories** ([check the 300+ crypto map](https://matchcoins.info/300-crypto-map-matchcoins-info.pdf)) + +Categories are available on MatchCoins.info, currently as a feature of coin comparison. In addition, we’ve assembled all the top projects into a Crypto Map for you to see the big picture here. Enjoy! If you have any suggestions, we’d appreciate your feedback. + + + + +**MatchCoins.info tool** + +MatchCoins.info is a cryptocurrency comparison and research tool. Use it to: + 1. Estimate the potential of a coin by adjusted market cap and total/circulating supply + 2. Check coin’s major competitors and how they compare in relevant categories + + + + +**Disclaimer** + +The coins have been categorized based on our own research and opinions. Information is provided merely for informational purposes and cannot be treated as investment advice. + +I’m a single digit share holder who hasn’t drsd my shares yet. I’m up in Canada, and it’s a pretty hefty fee to do it. +My question is, what happens if you don’t? Are you still able to sell your shares for the maximum amount during the squeeze? +I have been assured that my shares don’t get loaned out, however are they still really mine? +Any help is appreciated. +Last year, [Nike acquired RTFKT](https://about.nike.com/en/newsroom/releases/nike-acquires-rtfkt) \- the digital sneaker brand building shoes for the metaverse who launched [their anchor PFP NFT project CloneX in collaboration with Takashi Murakami](https://opensea.io/collection/clonex). Obviously, this was a huge validator for the new & nascent NFT space, but few could imagine how fast Nike would begin integrating this tech - resisting the cold feet many big companies get when a crypto cycle ends. + +Currently, [Nike is selling 10 pairs of Air Force 1s branded under the CloneX project initially as metaverse-ready NFTs](https://lookbook.rtfkt.com/sneakers). The no-coiners can hold their whining since owning the NFT entitles you to a physical pair. RTFKT has [been doing this 'Forging' mechanic](https://www.youtube.com/watch?v=wl0Ws7ucWEk) for a year now where they've delivered physical sneakers to their holders. + +The back heel of the physical shoe has an NFC reader that is linked to the on-chain asset which verifies the product's authenticity. This, beyond a shadow of a doubt, ends counterfeiting. Sure, replicas will still exist, but you won't need to buy a pair of shoes off of StockX or eBay and wonder if they're fake or not or worse-yet: rely on subreddits like [r/Repsneakers](https://np.reddit.com/r/Repsneakers/) to "legit check" your shoes (who are far too trigger happy with the "*They're fake bro*"). + +This also allows the brand to have a greater presence throughout the entirety of the second-hand life of the product. Right now, when Nike sells you a pair of Air Force 1s through their website, it's over. They have no clue where that product is going to end up and which new owners will get ahold of it down the line. Nike sold Air Jordan 1s in 1985 for $65 and that was *really* the end of their involvement in the product. They don't get to see any cut of [the $2,500+ that shoe sells for now](https://www.ebay.com/itm/284831282703?hash=item425144760f:g:jfUAAOSwg45ikAsA&amdata=enc%3AAQAHAAAA4PGCUuwa%2BLf%2Freh1315DYT%2FqAwfCTeWKKlOW%2Bh4%2B9X3nrCMsjB4RNnLSHEooEhE%2BvOIxSorgXfZkK6ssCuDvUn0kqU6DVsMEo42OOH1H%2FkapmqJdp8PJaRCFv60rXzE2DpUV1u9CktOZhacYcni5N%2FvYXVYwpynOI8PZUZn2S2DeZwkZSSIm2p4IlYVPvQotc15GoI9TZpLZ0xd2IiQcF1LN7gmsMPsP1XOkvarO0KCspEFrEaJWvzEIBGVzEm4d%2BOXPKx8965WcDE4cgCRqDn3MV3XmPj0%2BDmVtsZ%2FiTibb%7Ctkp%3ABFBMvMP47N9g)... but eBay and PayPal do. + +[A company like Nike has been hellbent on going direct-to-consumer for quite a while now](https://www.businessoffashion.com/case-studies/retail/inside-nikes-radical-direct-to-consumer-strategy-download-the-case-study/), but NFTs are their key to taking this to the extreme by cutting out all of the parties who've been benefiting from their secondary revenue. I'm unsure if Nike will use a third party platform or create their own marketplace or if they'll integrate it into their existing online infrastructure. People will be quick to point out the complicated nature of keeping the digital and physical goods paired, but this has already been solved. There are systems where the NFT is placed in escrow while the physical goods are in transit and the user experience is seamless. + +In Web2, the consumer has to give anywhere from 14% to 30% of their sale price away to the e-commerce platform they sell it on. In Web3, the generally accepted royalty baked into a contract is anywhere from 0%-10%. This means, the consumer would be saving money, Nike will actually be making profit a second, third, and fourth time off of the same product, AND they'll have better insights into where their products end up. And no, the NFC chip can't track your every footstep as you walk to your local Starbucks. + +I highly recommend listing to [this Business of Fashion podcast on how Digital IDs (NFTs) will revolutionize the fashion industry](https://www.youtube.com/watch?v=RuuHlOMulV4&t). **They mention that brands will double the amount of profit they make on each product over its entire lifespan**. They use a different brand from Nike (Frame Denim) as an example. + +It's worth noting that there are significantly less handshakes that need to be done. Instead of all the handshakes between Visa, Stripe, StockX, the fraud prevention layer, etc. it's entirely peer to peer, but the brand still remains in the background due to the nature of smart contracts. + +The last benefit to the consumer I'd mention is the fact that you get a digital good which will be supported over time. Obviously, this is speculative, an added bonus, and still being figured out, but it is inherently a better value proposition. When things go from digital to physical, they typically get 100x more valuable (Walmart to Amazon, Blockbuster to Netflix). Interoperability is still largely misunderstood, but is happening in Web3 gaming right now with wearables. Imagine buying a new pair of Dunks from your local skate shop, then getting a digital pair same day to throw on your avatar in the Otherside or display them on a shelf in your Meta Horizons social space? Just little ideas. + +I figure I'd put this post together to show an example of how blockchain tech is being leveraged in a meaningful way right now with significant implications by one of the biggest brands on Earth. + +This is the tl;dr. Anything down here is elaborated on above. + +tl;dr: Nike is selling new shoes with an accompanying digital NFT. Benefits to brands: earn a small % on the second hand sales of every product sold, greater insights into aftermarket life of product as it transacts from owner to owner, eliminates counterfeiting. Benefits to consumer: eliminates counterfeiting, pay less fees on transactions (5% smart contract royalty vs. 14% to ebay and paypal), digital accompanying product that receives support over time. +Meta also said the augmented and virtual reality business at the heart of its metaverse plans is generating revenue but is unprofitable.  + +I would expect a price drop in the three following cryptos as they are associated with the meta verse. + +-Mana +-Sand +-AXS + +I'm calling it right now, the metaverse will be a big failure. The only reason the metaverse seems so popular is because of the advertisements and the amount of memes. Nobody is going out of their way to buy an Oculus headset for $400 and try to bid on a house to be snoop doggs neighbors. + +Facebook is losing 1 million users daily. It's very possible that the Facebook Era goes downhill from here on out. + I'm a 57 year old truck driver who has been privileged to watch every iteration of technological evolution from the tech revolution of the 70's and 80's to the MAJOR evolutionary step of Blockchains . + + We are currently witnessing ( and are a part of) the biggest technology evolutionary step since the introduction of the internet in the mid 80's. + + " Experts" were saying the same things about the internet they they are saying about Crypto..." It's a fad and will never work". + " This will never be used by the average person" +" It will never replace ( old tech here)". + + I remember when NASA's " Super Computer" had less memory and processing capability than the outdated cell phone you gave your two year old. + 1.5G hardrives were considered " overkill" . Processors were as big as your fist and waiting 30 seconds for a simple JPEG to load was considered " lightning fast". + + My point here is, my generation took it all for granted. We didn't appreciate the historical significance of what we were witnessing, what kind of power and control we were being handed. + + Don't let this happen to YOUR generation. Appreciate the significance of blockchains, the tech and case uses behind your favorite currency. Make sure you fully grasp how important this all is. As a community, maybe we should concentrate more on the tech than the monetary value. + + You aren't just investing. ..You are all part of history. You are all helping improve our world. Take pride my friends. Sorry so long, just needed to get this off my chest. + + +EDIT; For those who have given awards, my apologies...my chat is not working atm but Thank you all. + +UPDATE; Been driving all day and just got to check back in. Holy Smokes what a great response. I originally wanted to address every comment, but that won't be possible. Thank you all so much for reading this and commenting. It gives me hope. +Just the title, pretty much. I finally can spare the money to send all of my early 2021 shares from Webull over. It got me thinking, what would it take for everyone else to DRS 100%? + + +I mostly created this thread because I know that not everyone here is not 100% direct registered by choice- one Redditor yesterday didn't know the process for direct registering from Nordnet, so I linked him a guide on how to get his shares over to IBKR where he could then DRS from there. + +Have an IRA that you can DRS, but haven't because you're afraid of the risks? If you've read any of the macroeconomic DD you'd be aware that pretty much everything that isn't GME is at risk of systemic collapse as the dollar itself begins to shit the bed. Wouldn't you want to protect your retirement a little better? + +Anyway, yeah, this thread is meant for Redditors to post their obstacles for not being 100% DRS'd so others can help with that + +Edit: just to clarify, the question here isn't "Why aren't you 100% DRS'd?" it's "What would it take to get you to 100% DRS?" These are two different questions, with different answers. + +Edit 2: After seeing some of the answers here, I am more confident than ever in holding GME. Some of you are probably too lazy to even sell. +Yo, heads up monkeys, this is going to be long and involve math,>! (ok, I ended up using less math than originally planned because this would have turned into a spreadsheet, and I want to type that up as much as you want to read it, so either accept the %'s I'm giving you or spend weeks reading agriculture reports, your call homie)!< you don't like it, the fucking back button is up there on your browser. Or just skip to the end where I put a one sentence summary. + +Oh, and if you think I'm some full of shit doomer, I'd recommend you browse my profile and note just how many of those DD's (like my recent post on real estate) are coming true fully fucking accurate. + +**TL;DR: There's not enough food for everyone, people gonna get fucked like Marilyn Monroe at a Kennedy family reunion.** + +Ok, so at this point everyone has noticed that the cost of food and gas is going up. This post is about food. As for gas... something's going on there, prices of gasoline and diesel have become completely disconnected from the cost of oil, reminds me a lot of what happened to California's electricity when Enron was fucking with supply, I haven't looked into the gasoline market at all, but the price of a barrel of oil vs. a gallon of gasoline is more whack than Flava Flav at an all night buffet of crack. + +So, back to food. In order to invest correctly we need to figure out just how bad things are going to get, and to do that we need to answer a couple of questions. + +1. How much is supply getting restricted? +2. How much is that going to affect the price of food? + +Let's start with the easier one, how much of a shortfall in food production are we looking at? Let's begin with the war in Ukraine. According to the USDA, in 2021 Ukraine produced 41,900,000 Metric Tons (MT) of Corn, 33,000,000 MT of Wheat, 31,643,00 MT of oilseeds, and 9,900,000 MT of Barley. In global export terms they ranked between #1 and #5 in each of those categories. Current USDA projections as of May 2022 have 19,500,000 MT of Corn, 21,500,000 of Wheat, 22,420,000 MT of oilseeds, and 6,000,000 MT of Barley. However, these projection numbers are constantly being revised down. + +Ukraine's wheat crop is 97% winter wheat, and the harvesting of it is supposed to begin in July. The fields are also located in the South and East of the country, around cities like Mariupul, Donetsk, Luhansk and Kherson. If those sound familiar, it's for a reason, they're where all the fighting is. Equally important is the fact that Russia is blockading the Black Sea, so it's not just Ukraine's exports being reduced, it's other countries like Serbia as well. Currently there are around 25,000,000 MT of various agricultural goods locked up in Ukrainian ports getting ready to start rotting in warehouses and silos. + +&#x200B; + +[It's a blockade.](https://preview.redd.it/t155o0bwrc591.jpg?width=290&format=pjpg&auto=webp&s=820560a8bdf123b8cf381be848bb9366dc9c7c6f) + +Combining the blockade with the severe damage to the roads and bridges (remember the story about the heroic Ukrainian who blew that one key bridge? Nobodies rebuilt any of those for civilian use yet) and silos needed to harvest, transport, and store grain and other agricultural products, plus the prime areas of farmland and distribution being contested or under Russian control, and the harvest getting ready to not start at all in two weeks, I'm gonna say that Ukraine's exports this year will probably be close to zero. Even the optimistic projections of the USDA right now show enough lost production to completely offset the number of MT that Ukraine normally exports. Ukraine might honestly go from a top 3 worldwide food exporter last year to a net importer this year if things get bad enough. + +Well, what about places that aren't Ukraine you may be asking? Now lets get into another issue facing worldwide food production: Fertilizer shortages. Those of you who made money on the various fertilizer shortage DD's floating around here a couple months ago know what I'm talking about, global fertilizer production was down at least 30% this year thanks to things like Ice Storm Uri, Hurricane Ida, and of course the Ukraine War and resulting sanctions on Russia, China stopping all Urea exports, and plenty more, which led to prices more than doubling. + +Now, generally speaking, fertilizer is worth about a 50% increase in crop yields. So a 30% decline in supply comes out to a 15% drop in food production, plus the losses from Ukraine, which are worth about 5% of total world food production (7% of wheat), and we're at a 20% shortfall in worldwide food production. Sadly, there's more thanks to the weather. While most of America's farmland is in a drought, Kansas, Iowa, and Missouri are actually getting too much rain, and its lasted so long that Soybean planting is way, way, way behind schedule. + +Meanwhile up in Canada, the planting season got delayed by a week due to heavy snow and rain, which means if there's an early frost the Canadian Spring Wheat crop is going to take a massive hit. Spring Wheat is 75% of Canada's yearly production. Meanwhile Canadian wheat exports are down 40% yoy right now due to decreased exportable supply, thanks to a 38% production reduction due in large part to COVID induced shortages. + +China, another large crop producer, is facing significant problems with flooding this year, mainly in the southern provinces like Guanxi and Guangdong. Basically, everywhere along the Yangtze River is getting overloaded with too much water, which has caused damage to 30 million acres of crops. At a recent party meeting China's agricultural minister stated that conditions were the worst in history. None of this is helped by the corrupt and incompetent local and national governments that are doing a terrible job of mitigating the issues from flooding. For example, in Zhengzhou, despite warnings from meteorologists, little was done to mitigate flooding, leading to almost 1000 deaths across the region and scenes like this: + +&#x200B; + +[That's... not right.](https://preview.redd.it/9ls2alktrc591.jpg?width=800&format=pjpg&auto=webp&s=b5c9a4c6ea0826bc36f01c89de878e027e10cb67) + +US food exports to China tripled between 2018 and 2021, which offset the big losses from the autumn floods last fall, but that isn't looking like a repeatable pattern given US production difficulties. Some of you might think I'm being overly critical of the CCP here - I'm not, feel free to read "Document No. 1" for 2022, it's their main document about agriculture and food production, and the first third of it is just praise for Xi "Winnie the Flu" Jinping and his great spirit and plans. The rest of it is full of nonsense like "Do a good job in grain production" - that's an actual quote from it btw. Just like the Soviets learned the hard way, the CCP is discovering that the kind of bureaucrats that survive loyalty purges aren't big on imagination or competence. + +So let's talk about US crop production. Nebraska, western Kansas, Oklahoma, Montana, and Texas are all experiencing droughts, Missouri, Illinois, Ohio, Iowa, and eastern Kansas are getting too much rain, which is doing things like significantly impacting the ability of farmers to plant the years soybean crop in time to harvest it before winter. While in the US none of these issues will stop production, they will reduce yields per acre, and the crops produced will likely be lower in protein content. Total area under cultivation in the US is only up 3% YoY from 2021. The yield loss from reduced fertilizer alone is 5x that amount. + +There is a new problem that has recently appeared, and that's a shortage of DEF. DEF stands for Diesel Exhaust Fluid. The stuff makes diesel engines run cleaner at about a 10% cost in fuel efficiency.It's needed for any big rig truck or tractor or combine or harvester built after 2014. The engines won't run without it. A shortage means the planting and harvesting machines don't work, and the delivery and long haul trucks don't run. If this comes to pass, and hopefully it doesn't, the results will be catastrophic. + +I could go through a bunch more big agricultural countries, but it just gets kinda depressing, basically everyone who makes a lot of food is having significant production and weather issues this year. + +So, adding all this up, conservatively, we get a 15% reduction from fertilizer shortages, 5% reduction from the Ukraine war, and 10% from weather (I'm using the same % from the '72 shortages because those were largely weather driven as well). And we get a relatively conservative estimate of a 30% reduction in global food production. + +The last time there was a worldwide issue with food production was the Soviet Wheat Failure in the early 1970s. (There were also price spikes/output dips in 1994-1996 and 2006-2008) At the time US production was enough to offset the shortfalls in Europe and the USSR, but globally food prices increased by as much as 50%. That was on a roughly 10% decline in the production of wheat and other high protein grains. Today we're looking at at least a 30% decline in worldwide grain output, with the potential for slightly better or significantly worse numbers depending on the weather. + +**During the 1972 Wheat Collapse, global food prices increased as much as 50% on a 10% reduction in supply. Today we're facing an unknown price increase on a 30%+ reduction in supply.** + +If you're wondering, yes I've tried bringing this to the attention of elected officials in both parties. The main reaction I got was a staffer stuttering in fear before quickly bailing on the conversation. They know what's coming, and have no idea how to deal with it. + +As for specifically how high this is going to drive food prices? Honestly no idea beyond just up, like up a lot, food is an item with pretty inelastic demand, because people gotta eat. Also, food prices and crop prices aren't a 1:1 ratio, because of the high costs of shipping, markups, and spoilage. For example, a head of lettuce that costs $2 at the store might cost only $0.12 to grow. Meaning that even if the cost of producing lettuce doubled, the price you pay would only rise by 6%, not 100%. + +So, now that you know there's massive food shortages incoming, how do you make the money? Don't worry, I'm here to tell you. The first and most obvious way is to buy calls on crop futures. + +\[Banned name\] is an ETF that tracks Wheat futures. (technically it only tracks Red Wheat, but in a shortage people will interchange and take whatever they can get) Here's a chart if you're into that kind of thing. + +&#x200B; + +[Triangle with a strong ascending support line.](https://preview.redd.it/9toa3j5prc591.png?width=900&format=png&auto=webp&s=b236e91cdee4412aba52e6e93febbefb23220122) + +SOYB is an ETF that tracks Soybean futures. Obligatory chart. + +&#x200B; + +[Ascending channel, and another triangle it's looking to break out of.](https://preview.redd.it/6g6ul4iorc591.png?width=900&format=png&auto=webp&s=17b21054ef1d247e9859391fac9ab32951bb0694) + +CORN is an ETF that tracks Corn futures. Chart. + +&#x200B; + +[Looks like an inverse Head and Shoulders forming in an ascending channel.](https://preview.redd.it/yhpo9fwnrc591.png?width=900&format=png&auto=webp&s=29e92dae2447f401c57dd6718d3d0743e1763501) + +Going long on any of these I *highly*, *HIGHLY* recommend shares and calls out to Jan 2023. The harvests will start coming up short in the next few months, but this isn't happening tomorrow. Weekly FD's will get you rekt down to nothing. Listen to Soldier Boy's PSA from the 80s here except replace drugs with FD's. You don't want to be a loser do you? + +Going long on agriculture is the obvious way to play this, but there's another option for everyone who missed out on the collapse of Russian ETFs after the start of the war in Ukraine. Well, you're going to get multiple shots at replicating that here. The Arab Spring started and Syria collapsed because of a drought and spiking food prices. That's going to start happening again on a much larger scale. What you're looking for are countries with stupid, incompetent leaders, fragile economies and societies, and that are already in economic trouble. These are almost guaranteed to implode into civil war and societal failure when things start getting really bad. + +So who meets these criteria? And are reliant on foreign suppliers for food? Turkey, Egypt, China and Venezuela, come on down! You're the next contestants on "Which badly run country will implode and flood their neighbors with refugees!" + +**Turkey** \- Erdogan is the guy who thinks that the best way to fight inflation is to print more money, and no, sadly, I'm not making that up. Now, Turkey does only import about 7% of it's food, but instability has a tendency to spread, there's a dedicated Turkey ETF \[Banned Name\] and the country is already suffering from hyperinflation and otherwise in shambles. Plus, they have a long history of military coups. Some generals gonna get froggy here sooner or later. Downside, \[Banned Name\] options only go out to November, and the chain is extremely illiquid. + +**Egypt** \- El-Sisi is, frankly, an ass. Basically he's the Egyptian version of all the tin-pot dictators the US trained up for South and Central America back in the 80's. He took over in 2014 with a narrow victory of only 97% of the vote. He's only run against pro-government candidates since. They have their own ETF \[Banned name\], they're incredibly dependent on Ukranian grain - about 23% of their total food supply is imported. Downside, \[Banned name\] doesn't have options, so you can't buy puts. + +**Venezuela** \- this is like the ultimate poster child for a country that's going to descend into (even more) chaos when food prices explode. Sadly, it's already such a basket case that the biggest ETF exposure to it I could find is 0.37%, which is pointless. But hey, if you can figure out a way to short this place, go for it. + +Finally, the big one, **China**. + +Seriously, China is beyond a mess. They're basically bankrupt, and their failed real estate companies are only held up by Wall Street being unable to get out of their long positions and forcing the ratings agencies to avoid giving them the "D" and triggering their bonds' cross default provisions. Xi is the most incompetent leader they've had since Mao, and he's managed to consolidate his power. They appear to have locked Shanghai back down to prevent bank runs from getting out of control, and foreign capital is fleeing while record floods devastate their food production and the official government response is a document that basically says "try harder" and "don't fail". + +They have tons of very liquid ETF's to buy puts on. And even inverse ETFs to buy calls on. YANG for example is under $13 right now. Again, aim for a long time frame here, Jan 2023 should be your starting point. + +Personally, I have a small position in OTM Jan 2023 YANG and \[Banned name\] calls, it's a side position to the well over 90% of my portfolio that's long GME. + +**Super Short Summary: Not enough food for everyone, bad things happen. Short emerging markets and the second and third world. Long agriculture futures.** + +*EDIT: Specific positions are 3x Jan 2023 18c in \[Banned name\] and 3x Jan 2023 40c in YANG. I wasn't kidding when I said my positions here were small because most of my port is tied up in one security.* + +*Yeah, I'm aware of stuff like the dropping level of Lake Mead, the Italian issues with river flow dropping so much that seawater is backing up the channels and poisoning the ground, the food processing plant fires, and more. I stopped writing about them because it was genuinely getting depressing. There are many more options, tickers, and ways to play this than just what I listed here.* + +*But make no mistake, the food shortage is NOT priced in yet, and it's significantly worse than people are aware of. And no, it won't be the end of civilization in first world countries.* + +EDIT: just more than doubled my positions. I'm buying the dip. As always, you're free to do what you want. 6/30/22. I'm comfortable with my research and timeframe. Will continue to average down. Invest only what you're comfortable with. + +\*\*Sources include but not limited to: the USDA, the USDA FAS, Bloomberg, the Brookings Institute, and the CCP for their Document #1. +I recently started as a mortgage banker and i’m interested in working with real estate investors. Hypothetically, What could I do to get your business? I’m not here for business, just ideas of what I should focus on the most. +Hi, I live in Central Texas and I've been thinking about buying my first rental property. As many of you might know, the housing market in Austin is pretty crazy right now and buyers are having to offer up to 20% more for houses to compete with other buyers. So, I don't want to pay more than the already overpriced condos/houses' worth in Austin. Does anyone have any other Texas city/neighborhood recommendations where the cash flow for a rental property is semi-decent? (I just don't want to lose money, which will certainly be the case in Austin) + +I'm looking at San Antonio and Dallas where home prices aren't as nuts and I found some 3 bed places for around $200k here and there. What should I consider or avoid before purchasing a place in these two cities? Or any other place in Texas. Appreciate all input. +Simplex Trading, LLC held the largest reported GME put position at over 82k contracts until the Jul 16 expiry, yet very little DD has been written on the firm, until now. Simplex misfiled their 13F earlier this year and highlighted the cost basis of their 82k puts was only 0.16. Given this cost basis, and their overall position, it is clear their option position is a hedge against a non-reported OTC derivative contract known as a variance swap (VS). While the math in this post will be complex at times, I hope to break it down to make it simple to understand what a VS is and what the Value at Risk (VaR) implications are without needing to fully understand how the math behind these calculations work. I'm going to try to keep things simplex. I am not a financial advisor, this is not financial advice, and I will highlight what is speculative when applicable. This post should help you understand how GME, a mid cap stock with a mere $16 billion market cap, is an idiosyncratic risk to financial stability and capable of causing a systemically catastrophic market event due to overleveraged short exposure on both the price and the volatility of the stonk. + +&#x200B; + +The direct registration of GME shares has already started to significantly impact the price of GME, and is the most critical aspect of the 🚀 launching successfully. The flight path to the 🌙 is set, but a sudden decline in DRS would potentially choke off the fuel supply needed to exit the atmosphere, and may cause GME to come crashing back down to earth. This is not FUD, DRS is the way, and if you are not familiar with directly registering GME in your name or how to directly purchase GME shares, please read [A Complete Guide to Computershare](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3) first. Seats in the 🚀 start at $25, however, tickets are limited and supply is running out. Buckle up, the launch countdown has started, and there will be turbulence after liftoff. + +&#x200B; + +**TA;DR - In late Jan 2021, someone purchased variance swaps on GME after the buy button was removed and volatility peaked. Simplex Trading was one of many VS sellers and still holds open risk exposure to GME volatility. DRS has impacted GME prices by decreasing the supply of shares needed to effectively suppress volatility, and accelerated the timeframe of the buying/selling cycles. The consistent rate of GME DRS has started a countdown to the 🚀 lifting off, and the flight path to the 🌙 is set. Wen 🌙? Soon. Read the post for speculation on likely launch date and an interesting theory who is long GME variance.** + +# i. The Ebbs and Flows of Capital in Markets Create Harmonic Waves + +The rising and falling of stock prices are similar to waves in the ocean, driven by capital entering or exiting positions via buying and selling. For every buyer, there is a seller, and the last price a trade occurred is the price reflected on the tape (in theory). Imagine a still body of water that has a stone thrown into it, creating waves that eventually ripple across the entire surface. Throw a second stone, and parts of those waves may interact with the first waves, either creating or reducing the volatility of the surface of the water where waves collide. This change is dependent on the interference of the waves being either constructive or destructive. Like all things in nature, these waveforms are bound by a Fibonacci sequence. Markets are inherently human, and just as the human body and human behavior mirror Fibonacci patterns, so do price movements in the market. Every trade is like a stone being thrown into a pond, and these trades create harmonic waves that can be measured and analyzed to determine where future trades need to be made to either create or destroy volatility. + +[GME + DRS = ZEN](https://preview.redd.it/n1aebpqjw6081.png?width=960&format=png&auto=webp&s=344033e5390a3593a7549fe49b9586941cf6d372) + +While some claim technical analysis of GME does not work, this simply is not true, as TA never gives a binary answer. TA simply provides statistical analysis that gives a probability of future outcomes. Depending on the future outcome, the TA forecast is either confirmed or rejected, just as a weather forecast for rain is not right or wrong until rain falls or doesn't fall during the predicted timeframe. IMHO, the use of Fibonacci retracements and projections is the best technical tool to model where prices will head based on where they have been, as all previous trading activity creates harmonic waves that extend into the future. Future trades create interference with these waves, and moves in price beyond the Fibonacci levels require a certain amount of energy to overcome the natural levels of support and resistance created by those previous trades. This is the key concept Citadel exploits better than anyone as Ken Griffin has monopolized order flow - He see's where stones are going to land before they hit the water via payment for order flow (PFOF) and has the legal privilege to catch nearly any stone before it hits the water as a MM in the name of liquidity. Trades that don't benefit the position of Citadel the hedge fund get internalized, and unfavorable buying pressure is removed by legally naked short selling. This stacks the deck before even touching on the secret ingredient, crime. There is no longer a "market", prices simply reflect the value needed to give 💩a🔔 one more day of solvency. + +[You Think That's a \\"Market\\" You're Trading In?](https://preview.redd.it/1jsxdj7tw6081.png?width=880&format=png&auto=webp&s=0fd1621db3e84d879341bc349f3539a195162625) + +# ii. The Harmonic Wave Driving GME Price Action + +While the "idiosyncratic risk event" that caused GME's price to rise to $483 and the unprecedented removal of the buy button may seem chaotic, the trading pattern since the price peak has been nearly a perfect harmonic response. This is best shown through GME's chart dating back to the $2.80 low of Apr 2020, with both absolute and logarithmic Fibonacci levels drawn - + +[GME Chart Apr 2020 Extended to 2022 with Logarithmic and Numeric Fib Levels Shown](https://preview.redd.it/4b9oyq30x6081.png?width=1975&format=png&auto=webp&s=8f859db19cbfdaa4826706a8e67289f7142f0c1b) + +Important Fib Levels - + +* 100% - $483 - GME PCO'd (Position Close Only, buy button removed) +* 76.4% - $369 - Almost reached 3/10, followed by 50% drop in 15 min. Approached again on 6/8, followed by the largest daily close to close $ decline outside of GME being PCO'd +* 61.8% - $300 - GME has only closed above this level in late Jan and early June before 6/9 earnings +* 50%/Log 85.5% \~ $230 -$240 - Strong resistance area. Breach of this level has always resulted in a continued price move to 61.8% level before retracing to a lower high, until the 11/3 move to $255. More on the importance of this later. Also, $240 is the price the logarithmic trendlines from the $2.80 low and $483 high intersect around 12/7. +* 38.2% \~$180 - This is the largest consolidation zone and been retested more than any other level. This is likely the cost basis of the average ape. If you're avg price is lower than this, you're either a very skilled trader, incredibly lucky, or an OG. Kudos. +* Log 76.5% \~ $145 - 8/4 closed just above this level at $146, while also having the largest amount of FTD's @ 1.3 million since Q1 2021. +* 23.6% \~ $120 - Key support level after extreme short selling post March earnings. This level has not been revisited since, and there is a very low chance GME ever revisits this price point. +* 9%/Log 50% - $37-$45 - While GME breached the 9% Fib around $45 in Feb, it never touched the log Fib below around $37, before quickly rising back above $300. IMHO, this move removed any doubt the MOASS is imminent. No longer if 🌙, just wen 🌙. Outside of the Apocalypse, this price level will never be revisited again, and even with the Apocalypse, if markets are still trading, it's questionable. + +&#x200B; + +While some readers may not have known about these Fib levels, it's important to realize the algorithms driving the HFT machines have always known about these levels, as they are built into the coding logic. The price movements between these Fib levels is best modeled with a sinusoidal wave function, in particular ***f(x) = Sin(1/x******^(2)******).*** Below is a simple chart highlighting this. While the overall price movement does fit into a scenario where price is the y axis and time is the x axis, I intentionally leave the axis's unlabeled. The values shown on chart axis's should also be disregarded, as doing so will help better understand the more abstract concept I will address next. + +[f\(x\) = Sin\[1\/\(x\^2\)\]](https://preview.redd.it/zzopm9glx6081.png?width=712&format=png&auto=webp&s=5ae85b4c213fb346d958181783cffe9e59541da0) + +This chart shows a wave with a declining magnitude and increasing frequency, similar to GME prices in 2021. The time between the low and high prices in GME can be considered a cycle, and many theories have been written to explain why prices move in a cyclical nature. I believe the futures roll/swap theory is the most significant contributor to this cycle, best by explained by u/gherkinit in this [POST describing T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) and u/Criand in the [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3). IMHO, this theory still contributes to the price moves, but it was more pronounced as that cycle lined up with the harmonic wave ultimately driving prices. As time has moved forward, the time between cycles has decreased - + +* 3/25 $116 low to 6/8 $344 high = 52 Days +* 6/8 $344 high to 8/5 $145 low = 42 Days +* 8/5 $145 low to 9/1 $231 high = 20 Days +* 9/1 high to 10/6 $165 low = 25 Days; a low of $166 was hit on 9/30, which was only 21 days +* 10/6 $165 low to 11/3 $255 high = 21 Days; This is where things get interesting... + +&#x200B; + +Rather than looking at this wave function as price over time, think about it more abstractly - the red line is not representing the price of GME, as price is a result of this function; rather, the red line represents influence the shorts have over price action. This influence ebbs and flows, just as price does on the chart, but the peak of the short's influence on the trading occurred on Jan 28 when the buy button was removed. The magnitude of the PCO impact can never be recreated, even if the buy button is removed again, because apes have evolved. After extreme market manipulation, the shorts have to recharge their fuckery meter. It takes time to rebuild the short's ability to influence the price, and over time, their overall influence over the price discover process declines, eventually reaching 0 (theoretically, however, Citadel's ability to commit crime without consequence makes the 0 bound unrealistic until they are insolvent). + +&#x200B; + +So, where is GME today? Remember, remember the 5th of NovemBRRR, for it was the first time in 2021 that GME had a weekly close higher than the prior cycle's high weekly close, technically confirming the wedge/pennant/bull flag chart pattern of lower highs and higher lows is ending. To highlight, here is a weekly chart of GME - + +[11\/5 - GME breaks wedge with a close higher than previous cycles weekly closing high](https://preview.redd.it/rjbebpbvx6081.png?width=1223&format=png&auto=webp&s=b516c2f305e558c4f2017c4cf9cb55757022de33) + +This chart tells a story, and leaves a trail of the historic war bulls and bears have been fighting. There are many on both sides of the battles, but the last weeks close is the first milestone that proves bulls now have the advantage, and their "victory" is more likely than the bears. This war is complex with many moving parts, however, it is simple to explain how the bulls have pulled ahead - Direct Registration of Shares. DRS has removed enough supply from the shorts that the recent cyclical peak exceeded the prior peak, and the weekly close ended higher as well. The maximum influence the shorts can exert needed to be deployed earlier than anticipated after the 50% Fib level around between $230-$240 was breeched, which will make this cycle's low most likely well end above the key 38.2% Fib retracement around $180, and potentially was already reached on 11/10 with GME briefly falling below $200. All of this price action occurred on no "official" GME news, leaving RC the option to drop the NFT announcement at a critical support/resistance level in the near future. So wen 🌙? It's a simplex situation... + +&#x200B; + +# iii. Volatility Dampening + +Signal processing is an engineering method used to amplify or dampen the amplitude and/or frequency of wave functions, most notably associated with sound engineering to change sound waves, aka Auto Tune. It's also notable in structural engineering as a way to reinforce buildings/bridges from impacts that cause vibrations within the structure, i.e. banging a steel beam with a stick. For instance, the graph below shows the transmission of a force that is undamped (dotted) and dampened (solid green) where the acute peak is much lower - + +[IRL dampening affect ](https://preview.redd.it/p9vof5qcy6081.png?width=800&format=png&auto=webp&s=47d7481332d11260ec4862b9ecf9908e0945e0db) + +The dampening control can be adjusted, and the impacts of different levels of dampening can be seen over time vs the natural wave function below - + +[Impact of various dampening coefficients when applied to sinusoidal wave ](https://preview.redd.it/ticm7q1oy6081.png?width=1935&format=png&auto=webp&s=7c8b426f49181c923328416c8644a6f8faa7735d) + +These same principles are used in finance, and most notably when trading volatility and derivatives. Long Term Capital Management (LTCM) was a Wall St powerhouse in the 90's. A handful of successful traders joined together with engineering and mathematical PhD's to generate alpha by exploiting volatility and leveraging "mean reversion" trades betting on declines in volatility after spikes higher. In the early years, LTCM was the envy of wall street and the top performing fund for many years, until one day, an unexpected event resulted in volatility spiking, causing liquidity to dry up, and making it impossible for LTCM to exit their positions. LTCM became insolvent, and their large imprint on many corners of the market made their failure a systemically catastrophic risk event. The Fed ended up bailing them out, and the members of LTCM never went to jail. If you're interested in the story, read "When Genius Failed". + +&#x200B; + +IMHO, I don't think there is anyone Ken Griffin idolizes more than John Meriwether, the founder of LTCM. Citadel's trading strategy is molded from LTCM's volatility trading, only Ken took it a step further and became not just a vol trading HF, but the go to market maker than now handles half of every single trade executed in US markets, topped off by many offshore shell companies that can hide positions, skirt taxes, and fuel fuckery - see u/swede_child_of_mine series for more info - [The Sun Never Sets on Citadel](https://www.reddit.com/r/Superstonk/comments/o2xz48/the_sun_never_sets_on_citadel_part_1/). So how does 💩a🔔 tie into a post about Simplex Trading, LLC? As the designated market maker for GME, it is impossible for Ken to not be the one that sold Simplex all of those deep OTM puts they purchased in Jan. Citadel's HFT algo is constantly adjusting the firms positions by the microsecond to either dampen or amplify overall market volatility in a way that is beneficial to their exposure. They accomplish this directly through the stonk/options and bond markets to capture theta (option value decay) and delta/gamma changes while simultaneously "making markets" and providing "liquidity" via legal naked short sales granted by their MM privileges. Citadel can rehypothecate and leverage the exposure created by their MM arm or held in the HF through collateralization and selling off-exchange non-reported derivatives, such as total return swaps (stonks), variance swaps (options), and credit default swaps (CDS - bonds). If this sounds like it's going to end badly, it's because it will. Most of these exotic derivatives were also written at a time with 0% interest rates, and rising rates will cause all of these derivatives to implode. Since tapering isn't tighten, if you ever wondered why the Fed refuses to raise rates when inflation is the highest it's been in 30 years, just smell the air - it's 💩a🔔 and the other overleveraged HFs. Sorry, I meant to keep this post simplex...🤷‍♀...that rant was just transitory... + +&#x200B; + +Modeling volatility as a wave function, there are tools that can be used to manipulate volatility, just as signal processing can manipulate sound waves. There are many ways volatility dampening can be achieved, but increasing liquidity is the easiest and fastest way. MM "provide liquidity" through naked short sales, limiting upside price moves by creating future obligations to deliver. Option trading is another major tool, and by writing new option contracts MM can influence the max pain and delta neutral levels of the option chain, ultimately impacting the underlying stonks price. Options can also create synthetic shares, and control the volume hitting the tape, as the volume associated with exercising options is not reported - see [Erasing the Tape](https://www.reddit.com/r/Superstonk/comments/oj1tjl/erasing_the_tape_how_to_remove_daily_trade_volume/?utm_source=share&utm_medium=web2x&context=3) for more. Dark pools and internalizing trades prevent buying or selling pressure from reaching the lit exchanges to move price, which is also a tool that can lower vol. These methods are skewed more heavily towards shorter term vol control; over the longer term, off-exchange derivatives such as total return swaps and variance swaps are used. And if those tools do not get the job done, there is simply crime and illegal manipulation, such as [Banging the Close](https://www.reddit.com/r/Superstonk/comments/oxdd1x/dear_sec_on_8321_gme_stonk_was_blatantly/?utm_source=share&utm_medium=web2x&context=3) and Non-Bona-Fide manipulative [Married Option Trades](https://www.reddit.com/r/Superstonk/comments/pjcnbu/open_letter_to_the_sec_cftc_finra_members_of_the/?utm_source=share&utm_medium=web2x&context=3), but I digress, it's time to get back on track and discuss variance swaps (VS). + +&#x200B; + +# iv. Variance Swaps + +Warning, maff heavy section. Financial risk modeling is built through applying statistical analysis on large sets of numbers, i.e. the price of stonks over time. Standard deviation is a measure of how far a set of numbers will deviate from the average (mean) of all the numbers in the set. Variance is the square of standard deviation and measures the degree that the average number in the set deviates from the mean. These values can be used with the cross asset correlations and covariances in a portfolio of multiple holdings to estimate the daily Value at Risk (VaR) each day based on the historical price changes of the stonks held, typically with a 95-99% confidence interval. To illustrate how St. Dev and CI work, below is a normal distribution with a 2-tail and 1-tail 95% CI. A VaR model using a 95% CI uses a one-sided tail analysis, hence the sigma = 1.65. + +[z = sigma = standard deviation](https://preview.redd.it/cv582k3a03081.png?width=837&format=png&auto=webp&s=d00f0208283f6739e1c8aa8e5bc8dded96b3a82f) + +Variance Swaps (VS) are derivative contracts that are bets on volatility and the payout is based on the difference in realized volatility vs implied volatility over the duration of the swap. u/Zinko83 and [u/MauerAstronaut](https://www.reddit.com/u/MauerAstronaut/) have put together these fantastic posts describing variance swaps I recommend reading - [Volatility, Variance, Dispersion, OH My!](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) and [How VS explain far OTM Put OI](https://www.reddit.com/r/Superstonk/comments/qoz68k/how_variance_swaps_can_explain_oi_in_far_otm_puts/) \- I will be referencing these posts again. Additionally, this academic paper - [More Than You Ever Wanted to Know About Volatility Swaps](https://www.researchgate.net/publication/246869706_More_Than_You_Ever_Wanted_to_Know_About_Volatility_Swaps), and JPM's paper - [Variance Swaps](http://quantlabs.net/academy/download/free_quant_instituitional_books_/[JP%20Morgan]%20Variance%20Swaps.pdf), provide further detail also referenced. + +&#x200B; + +Variance Swaps are created at with a strike price ***K*** with payouts scaled to the notional variance value attached to the derivative ***N*** as highlighted in the example below - + +[Sauce - JPM Variance Swaps Paper](https://preview.redd.it/dokfgl7313081.png?width=1788&format=png&auto=webp&s=0b138607cf5fdad3edadc8c17dfd222531e5353a) + +[Calculating realized Vol using log return - Daily log change over 252 trading days via Ln\(Closing Price\/Prior Day Closing Price\). GME annual vol is currently \~200&#37;.](https://preview.redd.it/vlnpogzk13081.png?width=1697&format=png&auto=webp&s=044a6f81ee37f49e37e269e4b0a21c9fa41bb55c) + +Alternatively, instead of referencing the variance notional, contracts can be based on the ***vega notional***, represented by the average profit or loss for a 1% (1 vega) change in volatility. Typically, variance swaps have a notional vega of $100k. Dividing notional vega by 2\*K will give notional variance - + +[Note - K is the variance swap strike. While defined as the square of volatility, K can be derived through the option chain implied volatility and option strikes.](https://preview.redd.it/foxpnnx633081.png?width=1695&format=png&auto=webp&s=2c7628a45ab4c68e4d0f189b9dcd7764c252a934) + +Vega is the option greek related to the expected change in the value of an option relative to the underlying stonk's volatility, and I find it easier to use when analyzing VS. As volatility in the stonk rises, so does vega, which leads to increases in the option IV price, hence a higher option value. As options get closer to expiration, vega will decline, as theta (time decay) increases, and delta (option price move relative to stonk price moves) approaches either 1 or 0 depending on if the option is ITM or OTM. The strike price ***K*** relates back to the IV within the option chain, as this is the level where fair variance/par volatility of the swap is determined. Unlike other option greeks derived from moves in the underlying stonk (i.e. delta and gamma), vega is dependent on *implied* moves in the underlying stonk. Changes in vega do not require a change in the underlying stonk price, as increased option demand (buying) will cause implied volatility to rise, increasing the cost of the option via vega, without any changes in the stonk price. + +&#x200B; + +***K*** is determined by setting the future expected variance based on option IV equal to the initial fair value of variance at the time the variance swap is created, where T = time/duration of the swap, r = risk free rate/agreed rate of return, and S = Stonk price {S(0) = initial price}. Note, log here refers to the natural log, ln(), not log base 10 - + +[Sauce - More Than You Ever Wanted to Know About Volatility Swaps](https://preview.redd.it/u890872y63081.png?width=1276&format=png&auto=webp&s=46670feb6a42428aabf6ec2cc6cbf275659cd2df) + +Since option contracts do not have infinite levels of strikes, the integral here is theoretical, as in reality there are jumps between option strike prices, and the difference between strikes is not always uniform, and never continuous. Therefore, the integrals in the equation can be replaced with a term representing the portfolio of options used in reality, where w = the weight of each option strike used to create a portfolio of options that replicate the VS - + +[The terms within the \[ \] are insignificant when initially making a VS, so Kvar can be determined by using just the value of the option portfolio of calls and puts](https://preview.redd.it/joqzqarfa3081.png?width=1278&format=png&auto=webp&s=da98ff5c3d28359cf1f17a64abd69e65a38d8785) + +A hypothetical option portfolio that will replicate the realized variance of a stonk where S(0) = 100 and ATM volatility is 20%, increasing or decreasing by 1% with each strike lower or higher would be - + +[Total cost of the option portfolio = $419.87](https://preview.redd.it/guogmi7lc3081.png?width=1223&format=png&auto=webp&s=b51102a079c65a86d473bad46ff9db4bf3c4b565) + +&#x200B; + +***Kvar*** relates to variance, which is the square of volatility. The replicating option portfolio above has a cost of $419.87, based on implied volatility of the options; therefore by taking the square root of this cost, Kvar can be determined, i.e. sqrt(419.87) = 20.467 so Kvar = (20.467)\^2, making the variance strike price K = 20.467. Referencing the earlier screenshot of the JPM paper, the profit/loss of a variance swap at origination is going to be 0, as \[(volatility)\^2-K\^2\] = 0. I was confused how to determine K when first looking into VS, and while this explanation may leave you scratching your head, another example may help by using real world data directly related to GME. + +&#x200B; + +# v. Variance Swaps and GME - It's Simplex + +During the Jan sneeze when GME reached all time highs, and while GME was made "position close only", option trading exploded, and OI across all chains went into the millions. A significant portion of these option trades were deep OTM puts being purchased, indicating variance swaps were created and these option trades were made to hedge the VS. The most active chains were the 2021 Apr, 2021 Jul, and 2022 Jan, consistent with variance swaps being written with 3 month, 6 month, and 1 year time frames. Simplex purchased over 80k puts during this time, and now hold \~42k puts, as about half of the puts expired in Jul. These trades were almost certainly associated with the creation of a 6 month and 12 month variance swap on GME, likely using all available option strikes to hedge the short variance exposure created by the VS. Here is a summary of the trading in the Jan 2022 put chain during that time, compared to a few modeled VS option exposures - + +[Scaled \(25&#37;\) OI is actual OI\*0.25 to fit chart scale. Simplex VS likely uses all strikes.](https://preview.redd.it/idgrrwm8z2081.png?width=879&format=png&auto=webp&s=7b2e9dcbb0d1724cab2d5d54ccc9d529c239fd34) + +I used the Hoadley add in for Excel, which conveniently has tools to analyze variance swaps. Combining that with the historical option data from 1/22/21-2/8/21 pulled from [https://marketchameleon.com/](https://marketchameleon.com/) I created a weighted average profile of the IV and prices of the options from 1/25-2/2 to make a single chain to use in my analysis that closest resembled what IV and price inputs were actually used - + +[Screenshot of Excel Analysis with Hoadley Add In](https://preview.redd.it/8owzpe7hq3081.png?width=2304&format=png&auto=webp&s=9dc9fd2a88be2f62ffd01af6c8baed8f6982588d) + +Key data - + +* Annualized volatility = 225% -> Variance = 504% +* Cost of option portfolio = $49.1k -> One year forward value @ 2.75% interest = $50,466 +* K = sqrt(50,466) = 225 -> Variance Strike Level; Also happens to be the 1/29 close price of GME and level that closest matches IV in the modeled options vs weighted average IV from historical data. +* Total put option contracts needed for modeled portfolio including all strikes = 42,044 + +&#x200B; + +The option exposure needed to hedge a sale of a 1 year variance swap created around Jan 29, 2021 is almost exactly what the reported GME option holdings of Simplex Trading, LLC. It's like Simplex followed the hedging of a VS to the book, and after looking into the firm closer, doing things by the book fits the Simplex profile. Unlike many of the SHF in the GME saga, Simplex actually seems to operate a legit firm that relies on real trading to earn money without needing crime to generate alpha. [Simplex Broker Check](https://files.brokercheck.finra.org/firm/firm_153585.pdf) shows only two disclosure events since inception. The violations - not meeting net capital requirements. IMHO, Simplex saw the Jan events in GME as an opportunity to enter into a mean reversion trade where GME vol returned to pre-2021 levels, and they are operate outside Ken Griffin's international crime organization. Could I be missing something, sure - please comment if I am, but just because I don't expect intentional fuckery on Simplex's behalf, I do have concerns about their net capital history as there's still plenty of time left on the VS to blow up their VaR, causing systemic issues almost certain to launch the 🚀. + +&#x200B; + +# vi. The Simplex PnL - to be continued in Chapter 2 + +In Chapter 2, I will dig deeper into the PnL and potential VaR impacts this variance swap will have in regards to Simplex, how these swaps create system risks, and speculate on where the variance has gone, i.e. we know who the sellers of the VS are, but who was buying it? I hope to finish chapter 2 soon, but before leaving, I will show how Simplex's VS has performed to date by pulling the 252 day average realized volatility as provided by [https://marketchameleon.com](https://marketchameleon.com/) \- + +[Current Realized Vol = 191.6](https://preview.redd.it/gllj6g9717081.png?width=1558&format=png&auto=webp&s=8bc73e8106081d33eea4fdc0c8ba02d1f256d05e) + +Using this realized vol value of 191.6 with the excel Hoadley add in that calculates variance swap PnL (adjusting the notional to reflect $100k vega from the default $10k value), with the initial strike priced at 225, it shows the long side of the VS is currently down, meaning the seller (Simplex) is up, as 191.6<225 - + +[Simplex PnL Estimate = $13.9 Million](https://preview.redd.it/31i9s4b527081.png?width=419&format=png&auto=webp&s=cb8c0f7a4417a116d635dfe1ab2b2e4e46609e34) + +However, just because the trade is currently in the green, does not mean it will stay that way, as the large jumps in price have a material impact on VS PnL, due to the higher order pricing mechanics of options that lead to convexity of VS payouts, best described here - + +[Loses increase at a cubic rate with large daily price jumps](https://preview.redd.it/7yp5kc6n37081.png?width=504&format=png&auto=webp&s=eae4c139f8f15ac451a272b118210a7f7e43640f) + +&#x200B; + +See you soon for Chapter 2... + +&#x200B; + +Buy. HODL. DRS. + +🚀🚀🚀🌙🪐 +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +We can thank Aristotle for training our Western minds to think about reality as a this or that affair. Up or down, night or day, happy or sad, the list goes on and on. This dialectical way of thinking neglects the wholeness of reality and instead seeks to cut it up into discrete, easily understandable parts, like a scientist cutting up a cadaver. + +In our current case of GME, shills are using that Western cognitive bias to try to create a wedge in our community by trying to make you pick a side. You’re either in it for the money or in it to create systemic change. + +Guess what shills? I’m in it for both! I don’t have to choose one or the other, that’s a false choice that attempts to make me fall victim to my all or nothing thinking cognitive bias. I want to make money and I want to see systemic change and I want the criminal shfs to lose bad and there’s no reason I can’t hold all these desires simultaneously. + + +I'm curious how hard it is to crack a $300k salary in your respective fields? I'm in my late 20s and am looking at a career change and just thought it would be interesting to get a realistic perspective on what it takes to crack that barrier. + +How long does it take, what percentage of people make it there and what sacrifices do they have to make to get there? + +And finally, would you recommend it? +The narrative is shifting. Nothing happens overnight(except repos), but there is a clear and evident shift in the tone of this story. + +Apes have come a long way. I buy and hodl until change is made. These same institutions that were pretty much calling us liars since this saga began, telling us there is no way that a corrupt financial system exists that could be shorting securities in the manner suggested. + +Now, after countless investigating, rule changes, etc, the most important thing is that the narrative is absolutely shifting to support the claims of a fucked financial market. + +Storms coming, buckle up 🚀 💎 🙌 + +This is the way +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm 18 right now and currently unemployed. I don't have any money, nor a car or license. I don't have any friends that will let me stay. I'll be homeless. But, they insist I be out by June. They will not have me stay with them any longer. I'm a Man and an Adult and therefore I am to strike it out on my own. + +Like I said I have nothing. I can not possibly afford rent. Even cheap 1 BR apartments are well over $1200/m here. There's no public transportation and no real way of walking anywhere since there's no sidewalks or paths anywhere. I'd be forced to walk alongside a busy highway to get anywhere. + +Please, help what do I do? +Started my journey 2 weeks ago and after much research and a ton of reading from this subreddit. I finally did it, now Im thinking I may have missed the boat despite thinking I was in the early stages. Is this normal or did learn a valuable lesson? +Let me guess, you just rolled out of bad after trying to squeeze that post-market-open anxiety out of the tip of your penis. You then rolled into the bathroom to try and get some more stress out of your body huh? Take a look in the mirror. Now take a second look. What do you notice? Bloodshot eyes after periodically waking up to check futures prices? + +Maybe you also lost some sleep because your girlfriend of 3 years left you for some douche named Derek. He can't pull off that leather jacket he always wears. He looks like such a douche. Fuck you, Derek. + +Right now you're the oldest and most wise you've ever been, and the youngest and most youthful you'll ever be. It's time to use that to your advantage - do not fucking sell. Diamond hands. Diamond fucking hands. This is a once and 20-year opportunity we have on our hands, autists. Not only is the market the easiest it's ever been to make money, but our stupid fucking employers sent us home so we can stare at our trading accounts all day. + +Don't waste this. Don't sell. Make as many tendies as your little fucking heart can. Buy that leather jacket and wear it in a way that Derek never can. Fuck you, Derek. + +TL/DR: SPY 210 4/17 + +P.S. If you're reading this Jennifer please come back my life is falling apart without you. + +Edit: Positions + +https://imgur.com/gallery/6UYWyEG +Hi ASX Bets, + +Couldn't post this on AusFinance because all the SoyBoys and SoyGirl's get offended when topics are discussed about housing downturn. + +The time has come. Is any going to short RealEstate stocks and Reits ? +Before we get started, I would like to point out that this is philosophy and will be more relevant to autists with conviction and knowledge about what stocks they are buying. If you are gambling on tickers then recognising fear will not be of much use to you as your conviction in your choices will be weak. + +This is an adaptation from a podcast I listen to: [https://stoic.coffee/blog/171-beyond-fear/](https://stoic.coffee/blog/171-beyond-fear/) I thought it might be interesting to some of you cunts and have condensed it down for your ADD smoothbrain and added a little bit of autism to keep you entertained, if you are interested in this kind of thing I strongly recommend you check out the source. + +Lets fucking go. + +Fear is a powerful force in our lives. It can be the driver of action or inaction. Because it taps into the hard wiring of our lizard brains, it pushes us into reacting in ways that are more basic and instinctual. Fear makes it harder to use higher reasoning skills and maintain erections. + +When we are afraid of something, we believe that something is going to hurt us. Usually, fear is triggered by something outside of ourselves. Whether we fear something physical (Barry, Tom) , mental (the Instos, big end of town), or emotional (our wives boyfriends discovering our loss porn), our perception and thoughts around what is happening causes the fear that we feel. + +When we are afraid, our ability to make rational decisions is diminished. Depending on the severity of the situation, we may react to actions that in the short term may feel like we are protecting ourselves, but in the long term can cause a lot more problems. If we feel truly threatened we may shift into survival mode, fight (buy the dip Z1P ) , flight (sell at a loss VML ), or freeze” (hold to failure, Rest in peace AJM, FNP). + +By creating fear through rhetoric meant to amplify real or perceived threats, smoothbrained cunts are less likely to use higher reasoning skills, and act on their basic instincts. Current and past problems are blamed on some “other” group (bulls, bears, reddit, the tree shaking instos, paper hands) . Tales of imagined future catastrophes are used to spur followers into action. - by stoking up fear, their followers become easier to manipulate. Autismos can become so fearful they can be easily influenced into taking actions that they normally would never do. + +## Anxiety + +Filtered through the lens of anxiety, I can find something wrong in any situation. This kind of thinking is very unconscious, and I usually don’t notice that I’m in a state of vigilance, ready for any threat. A situation will arise where I feel threatened and have a strong reaction, which at the time seemed appropriate. But once things calm down, I can see that I had an outsized reaction to the situation, like that time you panic sold on an announcement you didn’t read, or jump in at an all time high so you wouldn’t miss out. + +So how do we manage our fear? How do we minimize its impact on us? How can we begin to get control over this powerful emotion so that in the midst of it, we can choose to be intentional with our response, rather than simply react? + +Fear is the result of our thinking. When a situation comes along, we project what we think the outcome will be and if we judge that it is positive, we’re generally going to be happy. But if we decide that the likely outcome is negative, we might feel upset. Our mood has been changed by something that hasn’t even happened! (Think FOMO) + +Some of us get stuck agonizing over things that happened in the past -. + +In this case we worry about something that cannot be changed, and can be held hostage by something that can no longer affect us, except in the inner world of our minds. + +Because fear is created by our perceptions of things, we can learn how to change our perceptions. We can train ourselves to look at things in a different way. We can decide what thoughts are useful, and which ones trap us in a prison of our own making. When you have control of your thinking, you recognize the patterns and thoughts that create your fears, can you choose new and more helpful ones. + +The first step of reducing the fear in our lives is to remember that fear is created by the thoughts in your head, not by a real thing. I cannot stress the importance of this idea. Any time you feel fear or anxiety, instead of looking outwards for the cause, look inwards to your thoughts. + +The next step to changing our perceptions is developing the skill of awareness. We need to become observers of how we think. It is estimated that the average autist has around 60,000 thoughts a day. Most of us go throughout our day without thinking too much about what thoughts we are having. To pay attention to every thought that we have is not really a possibility. + +Our society is not set up in a way that we can easily slow down and take stonk of how we are thinking. We have constant and unending distractions around us. Even when we have a spare moment where we could spend some time noticing what is happening in our minds, we instead opt for looking at our phones to catch up on twitter or hot crapper or the latest meme post, which take us out of our present situation and take us somewhere far away. + +This kind of mindfulness takes patience and training. The two most practical tools of mindfulness have been with us for thousands of years – meditation and journaling. + +Once you become more aware of the thoughts in your mind, you can start to choose what you want your observations to mean. You can decide how you want to respond to a situation. If you don’t actively choose your judgements and responses, you end up just reacting to the things happening around you. + +But what about things in the past? Since these are things that happened and can’t be changed, how can you make an active choice to do something? You can decide to reinterpret what those things mean. You can decide if the hard or painful thing in the past was a terrible thing that happened to you, or that it was a difficult situation that you figured out how to get through. You can look at your trading history as something ugly, or you can look at it as battle wounds that you earned. It’s all about how you decide to look at it. You give it meaning. + +When it comes to things in the future, we start to recognize the futility of worrying about what may happen. Most of the futures we imagine will not happen. This isn’t to say that we should completely ignore what may happen, or to prepare for emergencies that can arise. It does mean we don’t need to obsess over all the possible outcomes or only focus on the possible negative ones - don’t be a bear fuk. By learning how to manage our thinking better, and staying out of that place of fear, we can make better decisions that may help bring about the gainz that we want. + +Learning how to manage our thinking and recognizing that we are the ones that create our fear, we can decide to interpret things in a more positive way. This doesn’t mean that we are naïve or overly optimistic. We want to be sure that we see reality for what it is. But it does mean that we can choose if we view something as a difficult and fearful thing, or a challenge that we can learn from and grow wiser. + +*“A number of our blessings do us harm, for memory brings back the agony of fear while foresight brings it on prematurely. No one confines his unhappiness to the present.” -Seneca* + +TLDR: Don't make fast choices under emotional stress, think well before making any financial decisions. + +WYOA SILVER CRESTED EMU. +Each week I’ll be picking a random ASX stock that I’ve rarely seen discussed online that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market... or at least, less stinky forms of dogshit. + +Here’s this week’s Random Stock of the Week. + +**Disclaimer:** I don’t know why, but I was in a rush putting together the poll nominees this week and accidentally included these guys who *I already do hold* (and of course they had to get voted #1), and the #2 voted one I’d actually already covered in the past (QTM - fail). So bear that in mind, and I’ll try to fail less hard next week. + +**Company name:** GR Engineering Services + +https://preview.redd.it/dhnvvznzgvi81.png?width=910&format=png&auto=webp&s=ce84a909ab01cd252019ea4351bfc843fb6c692b + +**Ticker:** GNG + +**Industry:** Industrial Services + +**Headquarters:** Ascot, WA + +**Market cap:** \~$330m + +**Current share price:** \~$2.07 + +**P/E ratio:** \~14 + +**1-year Performance:** \+60.47% + +**What they do, smoothbrain version:** Provide the shovels for the liars standing next to holes, & check whether those holes are lies in the first place. + +**What they say they do, wanky version:** “GR Engineering has a proven track record of delivering integrated project solutions having provided services in over 20 countries for a vast range of precious, bulk and industrial commodities.” 🍆👋 + +**What they do, actual version:** Based in Western Australia, **GR Engineering Services (GNG)** are a mining contracting company who provided a range of services which cover both the ‘front end’ and ‘back end’ of mining projects for clients across a wide array of resource types. + +The scope of resources they deal with covers most of the material commodity market that exists across Australia. + +[GNG OFFER BOTH CONSTRUCTION & CONSULTATION SERVICES FOR THE MINING SECTOR. ](https://preview.redd.it/faklt726hvi81.jpg?width=1000&format=pjpg&auto=webp&s=32c8e27145a760d4a9987e9d1363a817ebaae755) + +This includes all of your favourite Aussie resources from nickel to copper to uranium & more that speccy miners love, as well as less-sexy-but-still-essentials such as iron ore and manganese. One of their fully-owned subsidiaries – *Upstream Production Solutions* – also covers similar services and maintenance for companies in the oil & gas sector. + +Another of their subsidiaries – Mipac – provide specialist monitoring software and technology solutions for resources plants and power stations. + +Combine it all together, and if you can dig it out of the ground, then GNG likely provides a service for companies in Australia who deal with it. + +In fact if you own a mining company on the ASX, there’s a good chance that GNG may have been involved with them at some point. + +https://preview.redd.it/6y2uov18hvi81.png?width=1248&format=png&auto=webp&s=928eed8cdb23d87b42112699944eb7ae86fcd62b + +There are too many to mention here (as many of them aren’t pictured above), but some of the listed names who are clients include OZ Minerals (OZL), Silver Lake Resources (SLR), Western Areas (WSA), Ramelius (RMS), Ora Banda (OBM), Boss Energy (BOE), Metals X (MLX) and many more. + +While they dabble in some overseas projects, the vast majority of GNG’s revenue comes from Australia – around 90%. + +The company earns their revenue as a split between both the “advice/consulting” side of the business, as well as the “physical construction” side. + +This revenue is then further categorised by sector, broken down between their Mineral Processing and Oil & Gas divisions (about 60/40 as of their most recent report). + +[DEPENDING ON WHAT THESE GUYS SAY, YOUR SPECCY MINER MAY OR MAY NOT 🚀](https://preview.redd.it/xlhnvv9ahvi81.jpg?width=1000&format=pjpg&auto=webp&s=9c976439aaaeb2e576cef6e7f9e4809d5cd2663d) + +On the ‘front-end’ of minerals projects, GNG conduct both PFS (pre-feasibility studies) & DFS (definitive feasibility studies) for prospective mining projects that assess the viability of mineral resources that can lead to the ‘green light’ on such projects going ahead. + +In other words, they help do the thorough ‘DD’ required to assess if mining activities will be a waste of time or not. + +Tasks such as risk assessment, Life of Mine assessments, implementation & rollout strategies, staffing forecasts and all the other mundane yet essential shit mining companies require are all included within this arm. + +https://preview.redd.it/8s0u6u1chvi81.jpg?width=1000&format=pjpg&auto=webp&s=ec843c9654e03ffc66e9ca0393a4b3c40cec734f + +In terms of actual mechanics, they have the ability to design & engineer construction in-house as well without outsourcing – covering actual physical aspects of mining projects such as mining site structural builds, mechanics, electrical work and other mixed installations as required. + +As a service-based business, the company is reliant on contract wins for servicing individual projects and can thus be prone to spikes in both work & revenue as greater demand for such projects rises and falls. + +As a result, GR’s performance as a stock in the past has largely followed wider commodity price bullish and bearish periods despite not being tied to a single commodity. + +While the company’s revenue has been on a general uptrend since listing, it hasn’t been without volatility or at the cost of profits. + +https://preview.redd.it/tgkbi95dhvi81.png?width=1281&format=png&auto=webp&s=7e62afcc8efe2ab3f08dc9d2da0a114981be746d + +It experienced a particular lull in 2019 due to decreased project activity as a result of less supportive commodity prices, then crashed to lows along with everything else in March 2020 at the onset of the Covid-19 pandemic. + +This was also exaggerated further when their profitability took a big hit as a result of a $17.6 million write-off of a project that went into liquidation in 2020, which greatly affected their bottom-line profits for the year & put them into negative-profit territory. + +Since that low, however, the stock has been on a near-continual uptrend. + +This has come off the back of a flurry new of mining projects and newly-listed ASX miners – and greater-scale talks of an upcoming ‘commodity supercycle’ worldwide – having resulted in a strong project pipeline and reversed sentiment entirely. + +https://preview.redd.it/n13gwi7ehvi81.png?width=894&format=png&auto=webp&s=13dc5b053117cd8a5446afd64e0f95422ee80772 + +The company was formed in 1986, and listed on the ASX in April 2011. + +It has returned an average of 5.07% p.a. (annualised, including dividends) since listing. + +**What looks good:** + +* GNG has a solid pipeline of projects with a strong order book mostly of domestic projects that extends into 2023; this includes maintenance contracts which can last multiple years (particularly through Upstream Production Solutions in the oil & gas sector). With the upcoming decommissioning of fossil fuel projects over the next decade, more of these projects are poised to add a more frequent source of revenue for companies such as GNG. +* They have booked significant amounts of revenue that has not yet been factored in to the share price. GNG were awarded multiple new contracts toward the end of 2021 calendar year that resulted in the company releasing predicted profit upgrades from $440-$460 million, to $540-$560 million; that’s a 20+% increase on the previous forecast, and a 42% increase on the previous year… +* … and yet, the share price only jumped up less than 10% since the news was released. Based on these expected forward figures to be released at the end of February, this indicates it’s likely undervalued by the market. +* The company boasts a good, heavily-invested ownership profile that we like to see, with strong support from insiders who are heavily incentivised to maximise profitability for their own benefits. A good blend of insto’s, external companies, and board share ownership in particular: + +https://preview.redd.it/n1232arhhvi81.png?width=847&format=png&auto=webp&s=00605ff7206e48a87f21e22451018f096c673763 + +* For investors, they’re a proxy to invest in the mining industry without being tied to a single commodity’s boom or bust period – given the wide range of materials they service – which is nice. While they’re still subject to overall “commodity” sentiment, the diversification of materials they can service helps alleviate risk somewhat. +* GNG have generated an extremely solid amount of cash at bank. This increased 84% in FY 2021 to around $69 (nice) million, up from $37.5 million in the previous year. +* They also pay a good dividend which is (currently) fully franked; add in all this extra revenue/cash generated, and the company may look to increase this already-chunky dividend (currently around 6%) even higher in their next shareholder report. +* They traditionally turn in a very strong RoE (Return on Equity) – one of the strongest of any company on the ASX in its sector – and 2021 was no exception, coming in at 45%+. While this was coming off a down year, for sake of comparison the next-closest among its peers is giant CIM (which just had a record year) at \~37%. Essentially – they do a solid job at being extremely efficient with shareholders’ money: + +https://preview.redd.it/dams31mohvi81.png?width=1081&format=png&auto=webp&s=5b1334a5a25ac367d25ed58414ad5e10a8eb8510 + +* They won the contract with the Australian government to decommission the Northern Endeavour FPSO (a stranded floating oil vessel), an example of their competence with winning tenders in the public sector & being able to add government contracts to their target client list. +* No cap raises/dilution required to speak of; everything has been funded via their own revenue without dipping into shareholders’ pockets. +* Their acquisition of Mipac in 2021 put them in a position where they can easily hop on the renewables bandwagon. They’re looking to provide design solutions to the battery (graphite) sector in particular. +* Australia is a mining-centric country, so there’s always going to be a backbone of potential work for companies such as GNG. In addition, while mining projects may succeed or fail and material prices may fluctuate after they’re complete, that doesn’t really matter to GNG as they simply get paid to get the project up and running; then what happens afterwards in terms of project success isn’t really their concern. +* Overall, this is basically the strongest the company has looked in its history both financially & in terms of industry recognition. While a business like this will always be cyclical, their current strong order book and great cashflow generation puts them in a very solid position moving forward. + +**What doesn’t look good:** + +* Service & project-oriented companies such as GNG are contract-dependent, so revenue can be spiky depending on the overall quantity of mining industry projects taking place within Australia at any one time as well as their ability to win those contracts. This can be a concern because… +* This is a fairly crowded sector overall, with multiple other engineering services firms vying for tenders and competing for a limited number of projects that are taking place. Even in terms of just listed ASX companies, there’s around 14 which could be considered at least semi-direct competitors to GNG. Does what GNG offer stand out enough from the rest in terms of providing any kind of moat? +* The company had seen a decline in margins in the handful of recent years between 2015-2019 and before the post-Covid 19 recovery upswing. While this has recovered for the time being, it can be a red flag and is worth keeping an eye on. + +https://preview.redd.it/x13qnacvhvi81.png?width=811&format=png&auto=webp&s=32c8b0ba2cb6b9f2ba8821bf8c76c232b5a98e01 + +* Its Earnings Per Share were steadily declining over the same timeframe as well, creating a frustrating period for shareholders. Will this recovery be sustainable for the next few years, or is it merely a blip before reverting back down to the greater trend? +* In 2021, its share price has run a little hard vs. the currently reported earnings. While this should even out once the 2021/22 figures roll in (based on their updated guidance figures, an EPS of 0.292 which would translate into a P/E ratio of roughly \~7), it still remains to be seen. If you’d bought into this share earlier in 2021, you’d currently be laughing, however. +* As a result, at the time of writing based on most recent earnings (although these will shortly be out of date), it now looks to be merely ‘adequately-valued’ vs. its industry peers: + +https://preview.redd.it/rxb9qq81ivi81.png?width=1101&format=png&auto=webp&s=2536b24f783d322035dd4a17cc510e317c6a5a9e + +* There’s been minimal recent insider buying of shares from any management. If the share price looked/felt cheap – particularly after recent dips – why didn’t execs scoop some up in order to increase public sentiment? +* Being another company with a share register that’s tightly-held by insiders means it’s fairly illiquid. As always, these types of stocks with lower trading volumes can make it tougher to get in or out. A.k.a, if you want regular daily movements to excite you, this will no doubt be ‘boring’. +* This is simply another “unsexy” stock that is fairly ignored by the market given contract wins are typically the only “noteworthy” news a company of this fashion can achieve. They have little brand recognition by the general public, and no real sexy story with which to garner mainstream media attention. + +**Summary:** The prospect for investing in companies such as GNG often depends on several main factors. + +They’re overly dependent on overall bullish sentiment on/demand for commodities & mining projects, as well as their own reputation for being able to deliver such projects on time and on budget. + +Fortunately for Australia, the mining sector has managed to escape much of the wrath of the Covid-19 pandemic that crippled many other industries such as retail, being only moderately effected. + +While oil & gas extraction declined temporarily in 2020-21 due to weaker demand, the tail end of 2021 has seen a strong recovery; the gold mining industry actually benefitted from the pandemic & is seeing a resurgence; and the renewables transition looks poised to bring on a whole new genre of projects over the next decade. + +According to the Department of Industry, Science, Energy and Resources, the value of gold and EV related projects upcoming rose by 36% and 12% from 2020-2021, and the quantity of projects has surged even more with the emergence of hydrogen’s inclusion as an energy resource. + +https://preview.redd.it/9j90jwy6ivi81.png?width=720&format=png&auto=webp&s=75eb2e9eb7b0e3c7c6d1d28f8a0c2ae0b356fe51 + +Gold and LNG projects (two of GNG's specialties) specifically are showing significant promise in particular, as higher gold prices are drawing out previously ignored projects and early stage projects are greatly increasing across the sector in general. + +The vast majority of these are taking place in Western Australia, which also works in GNG’s favour being headquartered there. + +Valuing companies such as GNG moving forward can also be difficult due to a lack of transparency on the duration of existing contracts, as well as vagueness for providing an overview of all currently-signed contracts on the books. + +Fortunately, GNG do a pretty decent job of this, and their strong upcoming pipeline of work already accounts for over half a billion $ worth of revenue. + +https://preview.redd.it/xh5wa6e9ivi81.png?width=1006&format=png&auto=webp&s=3899f447127e708f02fb850750b8e19816f119c5 + +They are positioned to capitalise on this growth in mining projects moving forward, however with companies such as this it’s heavily important to keep a keen eye on their newsflow and contract announcements, as a dry period can be an early indicator into an upcoming ‘lean’ year for their bank account. + +**Conclusion:** If you’re bullish on the near-term future of the Aussie mining sector yet not fully convinced on a specific mining company or commodity to invest in, companies like GNG can be a decent enough way to hedge. + +As long as they’re solid fundamentally, they can be a fairly good proxy for how the industry is faring in general, and GNG in particular has enough of a legacy and a diverse portfolio of proven work covering a wide enough range of projects to have a shot at winning contracts for plenty of types of jobs. + +Their Mipac acquisition added not only more work capacity but also “buying existing relationships” that the company already had in place as well, and across their parent and sub-brands are able to service pretty much any phase of a mining project – from assessment, to consultation, to construction & maintenance. + +Their management are heavily involved in the business and have proven to be adept at generating strong returns on equity. + +Cashflow is strong, they have no concerning debt, and a strong project pipeline, with the commodities sector to be in a pretty strong place moving forward. + +As mentioned, *I already bought into these guys* (around the $1.50 mark), so I will be interested to see if it can maintain momentum even if the share price has run a fair way since that purchase date. + +Their expected earnings figures due soon *should* justify a re-rate, and even if you were buying in now and the share price stagnated a bit, their dividend yield is strong enough they’re still going to give you decent capital returns over the next couple of years in an otherwise low-interest-rate environment. + +It all depends, of course, on how the market reacts to updated numbers – which is never a sure thing at the best of times, let alone when interest rate hike fears are dominating the news headlines. + +**Link to web version:** [https://ausinvestors.com/gng-stock-of-the-week/](https://ausinvestors.com/gng-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +**Company website:** [https://www.gres.com.au/](https://www.gres.com.au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/gng](https://www.marketindex.com.au/asx/gng) + +Feel free to add your own opinions on GNG in the comments below. + +Would you buy this stock? Why or why not? Feel free to vote in the poll & let us know your reasons why. + +[View Poll](https://www.reddit.com/poll/swmuzu) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +My boyfriend and I went shopping tonight and our goal was to not go over 200 dollars. We filled the cart up all the way, which made me anxious because I thought we would be over our goal. When we got to checkout and after I scanned all of our items, our bill came to 185! we were shocked that we were able to get such a big haul of food for 185! We should be good for the next 2 weeks. Now I can use the extra 15 toward gas. Cheers. +Hi folks - is there anyway to stop getting letters every time you buy and sell a stock from computershare or whatever it’s called? It’s such an unnecessary risk with all your holding details contained in each letter. I’m with NabTrade if it helps. +Thanks! +Radio host 1 : “Cryptocurrency is getting popular again!” + +Radio host 2 : “Yes! Me and my wife always thought that cryptocurrency was good, but we’re not sure which one will take off” + +Bla bla bla bla + +Radio host 1 : “The winning one should go through a federal reserve.” + +Me: Shuts off radio, bangs head on steering wheel. + +How does one say that out loud and not realise how idiotic that sounds? +Im currently facing the issue that i wanted to withdraw some coins from bittrex, but i cannot due to bittrex withholding them from me. Due to verification issues but maybe to a bigger underlying issue. + +The whole story started with the introduction of verified accounts, i uploaded my details, got nothing to hide but what happend is following: +1. the verification progress got stuck +2. support tickets are unanswered since a month +3. bittrex slack is inaccessible for non verified users +4. twitter didnt do the trick either +4. (me) thinks, better drain 0.025 btc a day in case they go bust like mtgox +5. after doing that for some days +6. bittrex decided to downgrade me to 0 btc a day + +Did anyone of you experience similar things? Im feeling kind of uneasy about the whole thing, how would you feel? +Since the video comparing [Solana vs Algo](https://youtu.be/RzucrCRGYkM) this guy never stopped shilling Solana despite all the bugs and problems. + +Even in the last video about [Phantom Wallet](https://youtu.be/zI-Xd9vVnwY) he is speaking more about Solana, then the Phantom itself. + +It is clear to me that the team behind this channel received huge pile of money to keep on speaking about “VC blockchain” despite all the problems this centralized piece of tech has. Just watch his latest videos and count how many times he mentioned Solana. That’s just stupid. + +Even when speaking about [Wormhole Hack](https://www.cryptopotato.com/solana-woes-worsen-in-320-million-120k-weth-wormhole-bridge-hack) the guy literally said - “Yeah, whatever. Solans is still fastest blockchain out there. Anyway..” Watch it for yourself [here](https://youtu.be/LluzXOKRlXQ) + +Channel is not neutral. It’s bought by Solana foundation. +this is just an update to a previous question I had uploaded which I have linked below. + + +After a conversation with my HR Director who in-turn spoke to the board members. They have come back and offered me £18,000 Per year with a pay review in April and will be backdated to the start of January. I have taken the offer as it was where I wanted to be and any higher would've been a bonus to me. + + +Thank you so much to Redditors who commented on my original post for the opinions and tips you guys offered me. + +Much Love +\*link to the original post - [https://www.reddit.com/r/UKPersonalFinance/comments/l0rubk/i\_have\_finished\_my\_apprenticeship\_is\_my\_new/](https://www.reddit.com/r/UKPersonalFinance/comments/l0rubk/i_have_finished_my_apprenticeship_is_my_new/) +**1 - e4** + +2/19/20. The S&P hit all time highs at 339. Everyone was making tendies. Finally, after having diamond hands, our 3/20 200c MSFT start to print. All was good. + +2/20/20. Massive selling happened midday. Autists were confused. We rallied back later in the afternoon. BTFD. SPY closed from 337.74 to 336.95. + +2/21/20. SPY opened 335.47. SPY closed 333.48. It's Friday. Didn't you know autist? Friday's for the past 3 weeks have sold off before rallying. Monday is going to bounce, then power up through the week to new highs. BTFD. + +***If you haven't realized it yet, the MM already have made their first move.*** + +**2 - Bc4** + +In my [last post](https://www.reddit.com/r/wallstreetbets/comments/ffh9cd/why_volatility_is_here_to_stay_the_market_will/), I described the fastest correction since the 2008 financial crisis, why volatility is here to stay. I also describe exactly why we started to be **range bound between 313.84 and 284.82** after the selling climax and the Fed's emergency 50 bps point cut. + +[SPY 1 Yr\/1 D](https://preview.redd.it/385fc7sraxl41.png?width=2104&format=png&auto=webp&s=bc95310e0f63605c114dc428da8c17e2df0f68f6) + +2/28/20 Friday. After dropping for almost an entire week straight, we reach near the 2019 October low, shorts cover heavily, and we pump back up to the 250% retracement at 293.15. All is good, just a beer virus. JPow is going to save us! + +[SPY 10 D\/30 min](https://preview.redd.it/50gm1e7gexl41.png?width=2104&format=png&auto=webp&s=c5c97bfe05ac03c7384eebac0b4599ed0236bec7) + +3/2/20 Monday. After making some solid gains, the Fed announced emergency cuts. We rally for 30 min. We're still staying in this uptrend channel. Seems like we made some new resistance at 285. + +[SPY 5 D\/15 min + overlaid with SPY 1 Yr\/1 D, volume indicator, and RSI](https://preview.redd.it/cgrccro6gxl41.png?width=1986&format=png&auto=webp&s=5f89a65a6b63ea92c549ec4204def51a68e3f2d1) + +3/6/20 Friday. All indications suggested that we were nearing the bottom of the channel at 285 to retest the lows and start forming the bottom or base. RSI was below <40 consistently, volume was slowing on the selling side. On this day, we entered extremely oversold territory. + +Like clockwork, at 3:30 pm EST, shorts start covering heavily as indicated by that large number of white candles in the bottom right corner. It's going to be alright, we are going to get our YUGE rally on Monday like last time. Wait. Like last time? Like on Friday 2/28/20? + +***If you haven't realized it yet, the MM have already made their second move.*** + +**3 - Qh5** + +[SPY 10 D\/30 min](https://preview.redd.it/rz5srd0uhxl41.png?width=2098&format=png&auto=webp&s=097544b835ba4b59b2641d64836b6fad956d2d55) + +3/9/20 Monday. Futures in during the night limit down. No matter what, everyone with calls at open is absolutely screwed over. The 7% circuit breaker quickly follows 4 min in trading. + +As I previously stated on 3/5/20, Sunday, when I made my first post: + +>Due to this uncertainty and with additional bad news expected over the weekend, I believe we are going to still face more downside as we close near the 285, before having another large rally to the upside. + +People are panicking, people are buying puts, puts, and more puts. Surely it will hit the 20% circuit breaker today, if not sometime this week? We end the day at a lower low. + +>Retest of the -5% at the previous 285 was rejected. Ended lower than -7% circuit breaker and even below the August 2019 low at 273.09, creating a sign of weakness. Larger sell volume present in the final hours of trading. Most likely going to continue to the downside, but still expecting a bounce which will be used to shake out people holding their puts. + +***If you haven't realized it yet, the MM already have made their third move.*** + +[3\/9\/20 Options sales on SPX](https://preview.redd.it/9fix47h5jxl41.png?width=2788&format=png&auto=webp&s=d8571ae5356e1b666b2cd4001b602456970bcba0) + +Closely after the 7% circuit breaker, MM were buying tens of thousands of SPX calls. Look at some of them and their price. What about treasury bonds at an all time high? Note that many of these were bought around 2 or 3 pm. + +[3\/9\/20 Options sales on TLT](https://preview.redd.it/09jtvhfzjxl41.png?width=2788&format=png&auto=webp&s=1a2d889a81636eb6be80aef630c0cd8c858578ca) + +>Another contrarian indicator given the price on Friday action. Even though we have hit -5% in /ES and passed 2850, there's actually tens of thousands of puts OTM purchased on TLT during Friday. Now that begets the question, if treasuries are the safe haven asset as more people are selling \[equities, which should drive up TLT prices\], then who is buying these puts? + +**4 - Qxf7** + +[SPY 5 D\/5 min](https://preview.redd.it/n04az9b7lxl41.png?width=1444&format=png&auto=webp&s=e8d10013cba8c3f160fa37e1c676ec053852229d) + +3/10/20 Tuesday. Futures during the night limit up. Anyone who bought puts yesterday are screwed. Calls, autists, buy more calls! Bear r fuk! + +We start plummeting to retest our new low of 270.27, stopping just short of the June 2019 low at 273.09. Bull r fuk! Suddenly, we start rallying. It's the Fed. Pump JPow, pump it harder! And just like that, we are back into our 285-315 bounded trading range. + +Hang on autists. Aren't a lot of drops on Monday? I keep hearing black Monday. We got a nice rally on Tuesday. Well, we are back in our trading range, things should be okay. 285 should be our lower resistance. Lot of people watching these charts seem to agree. Has this happened before? + +https://preview.redd.it/f62bup1llxl41.png?width=720&format=png&auto=webp&s=a21446d89e7a2d638825bcdb8fc01935dd539119 + +What's going to happen tomorrow on Wednesday? Well... + +***If you haven't realized it yet, the MM already have made their fourth move.*** + +[3\/10\/20 SPX options sales](https://preview.redd.it/mcog9fz9nxl41.png?width=2784&format=png&auto=webp&s=3df2ce64d818f79814f73e023c23db9a6cea9386) + +Notice the large amounts of calls early in the morning. This was right before the low at 11:30 am this Tuesday. + +Now look at the insane amounts of **0DTE FD puts for March 11 tomorrow.** Just for reference, 5000 SPX FD puts for tomorrow at a premium of 22.70 is $11,350,000. There are more than >60,000 of these puts. + +What about treasuries? Notice those massive amounts of puts purchased right before 11 today morning before the rally back to 285. Now notice how many calls were bought right before close today. + +[3\/10\/20 TLT](https://preview.redd.it/6qoj7tzwnxl41.png?width=2784&format=png&auto=webp&s=4bc90ff9c0274baae08feaedd9370fdad9af4494) + +**tl;dr Tomorrow is going to be a blood bath which has been set up for almost 2 weeks now by MM. Checkmate autists.** + +**3/10/20 Update 1** \- Futures down already -1.5% at 8pm est. + +I'll update more on why tomorrow was chosen. MM were already planning contingency plans or splitting up trading teams in different areas last week. Also, the college aged children of these MM most likely got notifications that universities were closing this week. People at Morgan Stanley and Barclays also have gotten sick from coronavirus. National guard deployed in NY. It hit close to home. + +Just a quick edit. Every single firm has done their own internal calculation of number of cases in the USA already and how quickly it will spread. Most MM agree the market will go down significantly more. They are taking advantage of the vol to take as much money from people as they can. + +**3/11/20 Update 2 7:55 am EST** \- Think we open near 277, the August 2019. Sets us up for 273, the June 2019 low and the 269 low from Monday. This lines up with those 275/276/280 put strikes bought yesterday, locking instant gains. + +I'll post my positions and plays here during my updates around 11 and 3:50 before close. If you do not have the capital to day trade, be very careful of your positionings, intraday is brutal these days. The most important setups are for the next day, and also 4/17 April puts. Don't buy the puts on a down day, wait for a bounce if you aren't in already. + +Going to sell my SPY puts, TLT calls at open. Probably keep holding my VXX calls and GLD shorts. Don't have too much time to do intraday trading today. + +[3\/11\/20 SPY updated chart before open.](https://preview.redd.it/150odcsci1m41.png?width=2090&format=png&auto=webp&s=869c72f7b4027c3cc5ccf6a1675d01b888c3f5d5) + +Here's what's going on. 285-315 was our initial trading range. We rallied back to 285, but significantly fell below. 285 is the new resistance now. We are in between 269-285. We need to test 269 to see if that is our base. If we fall below 269, we are in a new trading range. And yes, I think we will go down to 269. + +Selling all SPY puts, buy volume super strong. VXX going down, TLT going down. + +9:50 Almost 10,000 SPX puts just purchased. Strikes between 269/280. Downtrend selling will continue. We are going to test 269 today. All 0 DTE. + +11:40 More trades on puts and looks like straddles for SPX. + +https://preview.redd.it/bg22aqg2d2m41.png?width=2840&format=png&auto=webp&s=1d7b1660b3d352d77836eb7b4a95f2a7f0b925f1 + +TLT decreasing, might possibly be a bounce mid day. + +Be careful! + +2:10 - Probably going to be shorts closing their position and a squeeze soon. If you made some profits I'd lock them in, unless you have longer dated puts. + +2:55 - Bought some call options. Haven't seen big blocks yet. But I'll post the data if I see them. Usually they buy within the last 30 min. + +TLT going down. Looks like they are starting to liquidate some cash to get ready for some buying. + +3:10 - Insane. They really are going to bring it down to 269 to be in the money. + +3:30 - Shorts starting to cover. TLT down 1%! + +3:40 - Still not seeing any call big blocks. I hate these guys honestly lol. We might have more downside tomorrow if theres no big blocks. Might need to sell these calls soon or tomorrow at open + +3:50.- I see some doubling down on puts. Keeping their positions. + +Thinking red day tomorrow. The games man. The games. + +Short cover is a bull trap. More doubling down of puts. + +4:00 - Im peaked. I'll write a short update with a chart explaining their moves today. + +================================================================================= + +[3\/11\/20 SPY](https://preview.redd.it/ykh3xedea5m41.png?width=1680&format=png&auto=webp&s=f98f1e05f68d3b66ca1de45fdb717cae84950c9f) + +Quick update, seems like it's pretty clear what's going to happen tomorrow. So how did they do it? Previously they broke back into the 285 channel, which I mentioned was a fake out. People were selling their puts due to being caught by the sudden rally to the upside. Since we broke back into the 285-315 trading range, people thought the next day would be green as well. Calls, calls, calls. + +Like I mentioned before, most of the price action happens before the open. To position, you need to buy the puts/calls before on the cheap, that gets you a nice 20-30% if you time the entry well. Overnight, futures tank and break below into the 281 and 276 channel. Futures instantly lock you now 60-80% gains. I previously mentioned how a lot of this was setup to position the drop to 269, which was the strike of most of the 0 DTE puts. About 30 min before the cash open, we pump like crazy to near the 281 channel. Hint: this was done to buy even more 0 DTE puts. + +[3\/11\/20 Options and Sales](https://preview.redd.it/a3n79ss7c5m41.png?width=2838&format=png&auto=webp&s=3f67b2d0f014602fd9f9c7813de50457c9ee7fb9) + +SPX put after put was purchased within 9:50 to 11. Notice those 0 DTE puts. Look at how many there are. Close to 15,000. Let's just take the transaction at 9:48. for the 2805 put 2154 x 100 x $36.06 = >7,000,000. Once they loaded up, price action brought it down to 276. I noticed TLT was bleeding off, this is a good leading indicator to show that liquidity is being drawn and going to be placed somewhere. I said to be careful at 11:40. We bounce hard at 11:55. Why? + +Look at who bought more puts at 11:30-11:55. These were combined with calls to form a straddle. But more puts were collected from people who sold and capitulated. But we didn't have enough momentum and sell volume. Oh wait, let's declare the pandemic now. How convenient. We start selling furiously, break 276, smash through 273, and are within striking range of 269 at 270. + +This is where it gets really annoying. Shorts cover. There's a huge bounce. What did they do? 14:39, more straddles. They knew volatility will increase. Stay delta neutral. Now it's near close, around 3:40. I don't see the big blocks. What are the next moves? TLT was decreasing. There's more liquidity, when are they going to buy calls? + +[3\/11\/20 SPX options and sales](https://preview.redd.it/wpgs8pybe5m41.png?width=2838&format=png&auto=webp&s=01553a638c0c0d2fcc59f0971b67e746b7360c16) + +Look closely at the times. For example, 14:11, massive put buying. But broken into two parts. They started hiding their blocks by breaking them apart so they don't appear as high when people scan. This was right in the middle of that short covering. 15:02, 15:03, 15:17 massive put buying. + +They sold TLT to look like they were putting money back into SPX when it was simply shorts covering. People using that indicator got duped into buying calls. Meanwhile these guys were doubling or even tripling down on more puts and accumulating losses on the move up. + +So how low do we go? Simply, I don't know. We smashed through 269. We might easily hit another circuit breaker. I think the next price target is 250.8, the next fib retracement. We have a few more supports. + +Anyways, guys, take care of yourselves. These days are rough. And people will be hurting and losing on retirement or jobs. Protect yourselves, and help others. Have a good night. + +================================================================================= + +3/12/20 Update 3 - will post updates here. + +Please set limit orders when we hit a circuit breaker, the bid and ask will intentionally be set wide to front run and give you a bad fill if you place a market order. + +9:37 - High possibility of possibly hitting the second circuit breaker today. + +10:02 - more buying of puts. Gold drawing down. Don't see too much in treasuries. All the pieces have been set. + +https://preview.redd.it/26iqjz1859m41.png?width=2838&format=png&auto=webp&s=56222fe9303ad868c519e5ceba55f26971ac0f16 + +See the put buying especially after 10:00. The calls are equally matched by puts, forming straddles. Ignore the super OTM puts. Look at the ones closer to the money. Mostly puts. + +Closed gold puts. + +11:00 - bought VXX calls and more SPY puts. **Follow these with caution.** + +I think some firm got duped and got stuck with tens of millions of dollars worth of calls. They're going to start liquidating gold and TLT and try to prop up SPX to stop the bleeding. + +HUGE block 6000 puts, 2300 strike. Ruthless. Simply ruthless. + +12:15 - sold all my SPY puts. Hit my 251 target. Sold VXX calls. + +Just have GLD puts. Waiting for near close today. + +1:25 - Fed just announced QE, full nuclear option. Just for reference 500 billion is all of Q1 2019 QE. Fed is pumping more than 1.5 trillion into the markets. Waiting to see who blinks first. + +2:25 - Getting a few calls. Expecting a run up, and most likely a respositioning to puts near close end of day. + +Just for reference, tons of calls on SPX but even more on SPY in comparison to balance out. These indices shouldn't have such a large dichotomy. Whoever blinks first... + +3:00 pm - closed SPY calls. I saw huge orders of VXX calls. The SPX calls most likely just sold to bagholders. The real accumulation is in SPY puts. Be careful. + +3:05 - Bought SPY puts and VXX calls. + +3:15 - This is what's going to happen. We are going to have a nice run up near end of day, as shorts cover, and TLT draws down. What's happening behind the scenes is that SPX OTM calls were sold to confuse people. What's really happening is they're buying near OTM puts around 230-253. + +Tons of VXX calls bought. This is the key. There are tons of SPX calls far OTM sold, and tons of near ITM SPY puts accumulated the past few hours. Who is right? SPX or SPY? + +3:30 - 12,000 SPX puts just purchased. + +3:40 - I have SPY puts, VXX calls, GLD puts. Tomorrow is going to be the storm. + +================================================================================= + +4/12/20 Update 4 - Sorry, I know this post is getting kind of long. I just want to keep adding to here because I have no idea how long the next post will take to get approved. Want to get this information out as soon as possible. I'll make a post this weekend describing today's price action. I think it revealed a lot of information and why tomorrow is designed for a big drop as well. + +https://preview.redd.it/1gsfcyjfmcm41.png?width=2122&format=png&auto=webp&s=84a4cfbd6b5d8c8504d9245cdfc208c92eb4f39b + +233.8 is the December 2018 low. I think that is the lower end of tomorrow's trading range. A few days a go I said we would hit 269 and we did. Then 250 or 247.8, depending on if you're looking at /ES or SPY. Look at the red spikes of the last trading day. The sell volume is strong. There is still panic. + +I have a meeting unfortunately from 3-4pm. So most likely I will just sell as we close near that December 2018 support, and go full cash into the weekend. I probably won't enter trading until Monday around 3:50 pm as per usual. + +3/13/20 4:15 am - I keep getting pinged about the futures. I'm just gonna leave this here. [https://www.youtube.com/watch?v=gMShFx5rThI](https://www.youtube.com/watch?v=gMShFx5rThI) + +"What's important when you're in the hedge fund mode is to not do anything remotely truthful, because the truth is against your view, that it's important to create a new truth, to develop a fiction." + +"You don't want to raise in May and cut in January, you look like Mexico for heaven's sake. I mean this is like a distinguished group of people who went to really good schools. They don't want to look like dopes." + +Based on the price action yesterday, based on the buying of those SPY puts, the selling of those SPX calls, the fact that constantly every single time there is some game in this week of trading, I believe that there is more going on. Sure, I may be wrong about the market today. But my position sizing will not blow up my account. Regardless, Wall Street wants 0% rates. The only way to do that is to scare the Fed. Who is really in control of the rate cuts? Who throws a fit when things don't go their way? Who is willing to take anyone down on their way when they got caught with their pants down? + +I just want to say, be careful about the smoke and mirrors. Lot of things are going on underneath the surface. + +8 am - Yesterday, the fed offered more than 500 billion in repo. Only 78.4 billion was taken. Today, the Fed just offered more than 1.1 trillion in repo for today. What are the signals? Why is Wall Street not taking the money for liquidity? Check this out: [https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/](https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/) + +This could possibly be way worse than 2008. + +8:30 - 24.1 billion in repo taken. Last update will be 9am. + +9:00 - 45.1 billion. + +&#x200B; + +Net repo: 86.5 billion out of 1.15 trillion + +9:05 - Brace yourselves. + +9:18 - Mnuchin says coronavirus sell-off will be great opportunity for long-term investors like ’87 crash -CNBC + +Sounds like he knows something. + +9:25 - Set a stop loss for your positions. If a loss exceeds your threshold it will be sold at market price. This also helps set good limits to your trading. + +10:15 - Tons of SPY puts purchased around 9:45. Tons of SPX puts. Both SPX and SPY order flow is the same. + +[3\/13\/20 SPY Order Flow](https://preview.redd.it/7uh9gtl88gm41.png?width=2806&format=png&auto=webp&s=571b013f3840482cdeffdbd6e21538f792f31d6c) + +10:20 - Buying more SPY puts and VXX calls. + +10:30 - My reddit notifications are not working. If you want to ping me, just message me directly. + +10:50 - Straddles opened on SPX. Vol will most likely pick up. + +11:00 - Trump trying to pump on Twitter. + +11:05 - More large tranches on that bounce for SPY. + +https://preview.redd.it/nf35co0oggm41.png?width=2806&format=png&auto=webp&s=25b97e676fe1acc4a7718c05e9d9b4b2578bdcea + +11:10 - Be very careful with the puts. Huge put orders on TLT. Possible bounce incoming this afternoon. + +https://preview.redd.it/hlve96a4hgm41.png?width=2806&format=png&auto=webp&s=21dd344328ecd4e3c19270efc483f9aa8709b611 + +11:15 - Selling VXX calls and GLD puts. Holding SPY puts, but watching TLT puts and seeing if there are tranches of calls for SPX or SPY. + +Unloading puts slowly. I'm seeing these smaller 1-2000 spx calls peppered in. I think the mass selling of puts is just to collect premium and they sneak the smaller spx call orders. This lines up with TLT puts, and also lines up with VXX puts. + +&#x200B; + +11:20 - Trump to declare national emergency. + +11:25 - Sold puts. + +11:27 - Call orders starting to come in. Going to go start a small position with calls. + +11:45 - I need to go offline for a bit. I see more than 60,000 TLT puts. + +Please be careful! + +13:10 - Don't think many people will know what happens until the 3pm conference. Lot of straddles being played on SPX. Seeing more VXX calls. Lot of uncertainty. + +13:15 - Going with calls on GLD. The price is pretty close to my target of 1500. + +13:45 - Sold SPY calls. Need to prepare for meeting. Best of luck everyone. +When they tell the story of Robinhood years from now, I want it to sound like this: + +Robinhood? What’s that? +Oh yeah weren’t they the ones who screwed a bunch of retail traders? +I guess no one is going to try that again! + +Now repeat after me: +Robinhood did NOT have a capital problem. +If they did, they would have stopped all buying, not just the stocks we’re buying. + +Don’t be a tool, your money is your most powerful voice. Use it to show the world what happens when a company tries to screw us. Use it to finish this lesson in history with a happy ending of justice. + +Down with Robinhood, delete that crap like an ugly selfie. +Want to find out why **70% of traders lose money every quarter?** This post is also for you. + +`If after reading you conclude this is the only post that will give us the very best shot at releasing short-sellers grasp and control of the stock, and/or cause MOASS, please, share the living daylights out of it until your fingers bleed. (obligatory of course)` + +I have put a great deal of time into producing this DD and finally, it's finished. There is some great information here for smooth and wrinkle brains alike. The aim is to give everyone a clearer understanding of our position, how we can improve it and how we can finally put an end to FUD when armed with this information 🖖 + +**TL;DR? You should if you want the real juice.** + +**Let's discover**\- how **Brokers**. the **DTCC** and **Short-Sellers** are at the centre of it all with abusive lending practices, Contract for a difference and how ownership technicalities could result in NON-DRS'd Investors holding the bag if your Broker goes in default. + +You can also expect to read in detail, how the odds are stacked against retail investors; and the critical differences between Brokers and Transfer Agents in an easy to understand rundown and comparison table. + +Ultimately, you will learn for yourselves the disadvantages Retail Investors face and how to turn the tables on a system designed to release you of your money and rights. + +`Don't forget to upvote and award if you like this post. I do not care for upvotes, I care for my investment. upvoting and awards increase viewership. I am not in this for the fame. I do not and will not seek fame, notoriety or financial gain for the tremendous effort and sacrifices I make to benefit our collective interests. I have skin in the game and I will get my tendies the same time as the rest of you.` + +&#x200B; + +**Let's begin -** + +&#x200B; + +https://preview.redd.it/yq1n39q7zl481.jpg?width=1073&format=pjpg&auto=webp&s=cb08d9be2b72d3e30d75c7bcea0d556197dda01c + +As you may know, [Securities Lending](https://www.investopedia.com/terms/s/securitieslending.asp) is a perfectly legitimate practice for **owners of a security** to earn a yield on their Long term investments or for a broker to earn yield from their securities that they hold in their name ***(that's right, retail traders own the right to our brokers underlying assets)*** *Said differently; our brokers are the owners of securities that we have purchased a right to.* + +***Please Note:*** *It is important to state that in many cases even the Broker does not own the underlying asset; in most cases, it is the DTCC that owns it under Street Name:* ***Cede&Co.*** + +*Brokers tend to adapt the* ***CFD*** *(Contract for a difference) model, meaning; It allows investors to trade the direction of securities without owning the underlying asset). The brokers act more like middlemen between the trader and the DTCC.* ***To understand how that works;*** *The costs of any given trade are factored into these two prices (known as the* ***offer*** *and the* ***bid***\*), so you will always buy slightly higher than the market price, and sell slightly below it.\* + +**Moving on -** + +This is important because no matter the direction of the stock price, the Broker assumes zero risk on holding those assets; the investors that have purchased a right to those securities do. Prices going up or down is a non-issue for the Brokers/DTCC because they never paid for it; retail traders did. + +Because the Broker assumes zero risk, there is an incentive to lend out as many securities as possible to earn the maximum yields without regard for price movement. This in turn, drives the price down of those securities due to that lack of incentives to stop their excessive lending practices **AKA,** Overselling. + +**Think about that for a moment.** Can you imagine an unsuspecting trader paying **you** the full price for a security that you'll own in your name/DTCC, giving **you** the ability to lend that security for profit and retain their profits irrespective of price movement? Win-win, am I right? + +Have you ever wondered why so many retail traders lose money? This is it! + +**Being a broker, you/DTCC own a bunch of securities that you didn't pay for, you will not lose any money if the price of the security declines, and your guaranteed profits from lending out those securities to short-sellers.** Is it a good deal that retail traders enter into with brokers? I think not. + +There is a reason why Brokers terms and conditions are 40+ pages long; not many read or understand them. + +Brokers lend out securities that **result in a lower stock price,** but that doesn't matter to Brokers if they continue making exuberant profits from share lending practices. This results in retail traders incurring a loss on a lower stock price so they might as well keep lending them out if they are not the ones that are holding the risk, especially so; if the Broker participates in Contract For a Difference (CFD\*\*) where the retail traders loss becomes the Broker's profit.\*\* + +**If it looks like a scheme and smells like one, maybe it is one.** + +It is important to note: If all retail traders owned their shares, the number of borrowable shares on the markets would be very scarce beyond 20% because the borrowing fee (yield) would be very high. This would not be worth the implied return short sellers expect. **<** ***This is how it should be to prevent over-selling.*** + +***Let's tie all this together-*** + +\>Securities Lending - which is the process of temporarily transferring ownership of shares or bonds to another party, such as short-sellers. The companies earn a fee in return for loaning out their holdings. + +**Source:** [**https://www.investopedia.com/terms/s/securitieslending.asp**](https://www.investopedia.com/terms/s/securitieslending.asp) + +**To put that all into perspective-** if all retail investors owned their securities, 3rd parties (Brokers), would not be able to flood the market with securities for maximum upside with zero downside, which results in a cheap but reliable supply of shares for short sellers to borrow. ***(Remember, the more they borrow, the more they increase supply, thus negatively affecting the price.)*** The prevention of e*xcessive share lending would stop this.* + +**Let's look at the risks of holding securities with a Broker; Smoothbrain style-** + +**1.** Retail pays for a right to a profit or a loss **(CFD or not)** of the ~~Broker~~\>DTCC's underlying asset. + +**2.** Broker profits by lending out the shares that we **own** a Beneficiary right to and then transfers ownership to short-sellers by lending them.  + +**3.** Retail does not profit from the lending ***(because Retail does not own them, Brokers/DTCC do).*** Retail instead loses value on their holdings because all brokers combined have lent too many shares **(Over-Sold)** thus, resulting in a lower/suppressed share price. ***(Which is happening right now)*** + +**4.** Because the Broker uses the CFD model, retail traders loss now becomes the Brokers profit. (It is a double-edged sword, Brokers profit from lending our shares to induce a lower price to profit from the difference. **Are you angry yet? I am!** + +**5.** Now, let us assume the [Broker over leverages](https://www.moneylife.in/article/in-2020-highest-broker-defaults-in-20-years-nse-expels-18-brokers-2-firms-wind-up-voluntarily/62290.html?__cf_chl_jschl_tk__=Xudwu5_OLC_CaLAqDWyaY.Cxm7CV7U_vNE1ClPNRmfk-1641144036-0-gaNycGzNCKU) themselves on Evergrade Bonds **(Looking at you Fidelity)** and if it all goes pop\*\*.\*\* Broker goes bankrupt whilst the shares you have a right to are on loan. + +**Now, pay close attention -** If your Broker does go Bankrupt whilst the shares you have paid for have been loaned out, you are not protected by the Securities Investor Protection Corporation (SIPC). Only the cash collateral received for the securities is typically protected. + +**How Nuts Is That!** + +Retail traders now lose insurance on the securities $500k, but keep the $250k insurance on the cash you paid for them. + +**Source:** Fidelity E-mail Communications. + +&#x200B; + +https://preview.redd.it/uopbw2fsgl481.jpg?width=1080&format=pjpg&auto=webp&s=fc57b840f14f8adedd61a3e75af81d9755dea232 + +[https://www.reddit.com/r/Superstonk/comments/r6cbw2/this\_is\_a\_hysterical\_read\_do\_not\_read\_if\_you\_have/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/r6cbw2/this_is_a_hysterical_read_do_not_read_if_you_have/?utm_medium=android_app&utm_source=share) + +&#x200B; + +**5.** Retail is left holding the bag with no shares. But not to worry, at least you get back your principal investment back 😡 + +&#x200B; + +&#x200B; + +**Transfer Agents-** are very different in comparison, if you want to learn more about what a Transfer agent is, [click here](https://www.investopedia.com/terms/t/transferagent.asp). + +* But to summarise my point; With a transfer Agent you have full ownership (**No More CFD)** of your shares and it is at your sole discretion if you want to lend them. +* If a transfer agent goes bankrupt, your name and the number of shares you hold would still be a book entry on GameStops shareholder register proving that you own those shares. This is why no insurance is necessary when you have Directly Registered your Shares (DRS). + +So why do they provide insurance at brokerages? Is it because there is a risk of you losing your securities and the money you have paid for them? Yes, I'm afraid so. + +**Source:** [https://www.reddit.com/r/Superstonk/comments/r6cbw2/this\_is\_a\_hysterical\_read\_do\_not\_read\_if\_you\_have/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/r6cbw2/this_is_a_hysterical_read_do_not_read_if_you_have/?utm_medium=android_app&utm_source=share) + +There is only one way to mitigate this risk and that is to not participate with CFD brokers and share lending practices. + +You see, DRS isn't just about locking the float; it is to cut the head off the snake by taking away the biggest asset short-sellers have, the securities that they have taken temporary ownership of. Short Sellers own the float, this is how they control it, they control our brokers/DTCCs' shares that we have paid for, and if the markets go to shit and the Brokers bad bets turn red, retail are the ones holding the bag. + +To put a stop to this, and to ensure safety and to help stop market manipulation, all we have to do is take back ownership of the float by DRSing your shares. + +&#x200B; + +&#x200B; + +As an Investor, it is always prudent to be armed with enough information to make an informed decision. To help with this, I have compiled a detailed comparison to help you understand the key differences between Brokers and Transfer Agents. + +&#x200B; + +https://preview.redd.it/15ug3umzjc981.png?width=1698&format=png&auto=webp&s=b3ddd2891703c28195f071a5f1e4e7637599f2dd + +&#x200B; + +# Have you seen what the google snippets say when you search broker fraud? > surprising how deep you can go down the rabbit hole from a simple google search. + +&#x200B; + +[Google search: Broker Fraud](https://preview.redd.it/7dyv3wugbc581.png?width=3504&format=png&auto=webp&s=86acf12582b347a5c8fb0990f30e8ea0fccff119) + +&#x200B; + +`If you would like to understand what it takes to produce DD for yourself, watch this 13-second video:` [https://www.youtube.com/watch?v=Pj-qBUWOYfE](https://www.youtube.com/watch?v=Pj-qBUWOYfE) + +&#x200B; + +# Rules of the road in here: + +Please come and engage in some healthy discussion, ask questions, enjoy, learn and just be your ape self. Any ape is welcome old or young, wrinkle or smooth. + +**If you shill?:** I will not give you legitimacy going around on the (***GroundHog Day Roundabout***) in a senseless argument that has no basis on reality or truth. You will be downvoted and I encourage everyone to do the same to delegitimize disinformation if you spot it. + +I will spot, your silly tactics, and I will call you out when I see; + +* very wordy comments that come to irrational or illogical conclusions. +* avoidance of the main points, and too much emphasis on unimportant points or false truths or flat out lies and avoid **staying on point** when your reasoning and conclusions are challenged. +* slanderous remarks and the use of strong wording when you challenge presented facts to try to convince onlookers that you are right and your is challenger wrong. + +**Godspeed apes!** + +&#x200B; + +**-END OF POST-** >!Read on for supporting evidence and more wrinkles on your brain !< + +&#x200B; + +# Relevant & Useful Posts Below: + +**Fund managers (Blackrock, Fidelity, Vanguard etc) have been growing their business in** **securities lending\*\*** [https://www.cnbc.com/2018/10/05/elon-musk-says-on-twitter-blackrock-helps-short-sellers.html](https://www.cnbc.com/2018/10/05/elon-musk-says-on-twitter-blackrock-helps-short-sellers.html) `Securities lending is a lucrative business, according to` [`an opinion piece by Financial Times`](https://www.ft.com/content/f578f904-414f-11e8-803a-295c97e6fd0b) `in April. The newspaper, which cited a regulatory filing, said BlackRock made $597 million in revenue last year from lending securities.` + +`Musk hit out at that practice, saying “there is no rational basis” for long-term shareholders to engage in that business. He claimed that doing so “dilutes the shareholder base” while giving short sellers “a strong incentive to attack the company by whatever means possible.”` + +**IRA shares held in custody are being lent out\*\*** [*https://www.reddit.com/r/Superstonk/comments/refbzp/your\_ira\_drsed\_shares\_held\_in\_custody\_are\_being/*](https://www.reddit.com/r/Superstonk/comments/refbzp/your_ira_drsed_shares_held_in_custody_are_being/) + +**Computershare AMA Part 1 - Video link with transcript and timestamps!\*\*** [*https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare\_ama\_part\_1\_video\_link\_with/*](https://www.reddit.com/r/Superstonk/comments/qmnan7/computershare_ama_part_1_video_link_with/) + +**Computershare AMA Part 2 - Video link with transcripts\*\*** [*https://www.reddit.com/r/Superstonk/comments/r5enlt/computershare\_ama\_part\_2\_video\_link\_transcript/*](https://www.reddit.com/r/Superstonk/comments/r5enlt/computershare_ama_part_2_video_link_transcript/) + +**Naked Short game plan\*\*** [*https://www.reddit.com/r/Superstonk/comments/pmj9yk/i\_found\_the\_entire\_naked\_shorting\_game\_plan/hciatum/*](https://www.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/hciatum/) + +**The Dark Pool Trading Fraud\*\*** `Lucy Komisar talks about how Dark Pools and ex-clearing (avoiding DTCC settlement) promote trading fraud & GameStop & other stocks' fails to deliver. How brokers send clients docs` >!"in lieu of dividends" !<`to avoid telling them they don't have real shares` [*https://www.youtube.com/watch?v=QBabqappwWs*](https://www.youtube.com/watch?v=QBabqappwWs) + +**"Legal" naked short selling of GameStop explained by an expert at congressional hearing.** [https://www.youtube.com/watch?v=j\_SWgv7TJPI](https://www.youtube.com/watch?v=j_SWgv7TJPI) + +# Trading Tips and Understanding Price movement: + +**How to identify** **a flush?\*\*** [*https://www.youtube.com/watch?v=tovu7DKdL24*](https://www.youtube.com/watch?v=tovu7DKdL24) + +**Buy the dip?\*\*** [*https://247wallst.com/investing/2013/06/20/the-market-flush-when-nothing-works-and-there-is-nowhere-to-hide/*](https://247wallst.com/investing/2013/06/20/the-market-flush-when-nothing-works-and-there-is-nowhere-to-hide/) + +# The only Ape news you will ever need to see: + +Apes need to realise the world is on our side, instead of believing what Corporate Media want you to believe. Want some tit jacking news that is not curated to make everyone believe differently? Check these articles out. + +**Do your own Due Diligence\*\*** [https://gmedd.com/](https://gmedd.com/) + +**Interactive Brokers' Thomas Peterffy on GameStop hearing\*\*** [https://www.youtube.com/watch?v=\_TPYuIRVfew&t=2s](https://www.youtube.com/watch?v=_TPYuIRVfew&t=2s) `Brokers almost went pop and confirmation DRS is the way.` + +**CorpGovEvent Panel Charles Gradante\*\*** [https://www.youtube.com/watch?v=OChaTm0To1U&t=628s](https://www.youtube.com/watch?v=OChaTm0To1U&t=628s) `The panel talks Gamestop` + +**Fundamental analysis of Gamestop\*\*** [https://gmedd.com/report-model/](https://gmedd.com/report-model/) `Emerging evolution of technology company that delights gamers hinted at by Ryan Cohen, early-adoption and market presence in Web 3.0 technologies leverage GameStop’s unique industry and customer relationships to drive new NFT users, significant growth in gaming TAM, and a shift to the majority of revenue derived from digital initiatives and channels.` + +**DOJ’s criminal probe of hedge funds\*\*** `The DoJ has issued subpoenas as it examines short-selling by hedge funds and their relationships with research firms that publish negative reports on certain companies` [*https://www.bnnbloomberg.ca/meme-stock-traders-thrilled-by-doj-s-criminal-probe-of-hedge-funds-1.1694191*](https://www.bnnbloomberg.ca/meme-stock-traders-thrilled-by-doj-s-criminal-probe-of-hedge-funds-1.1694191) + +**Practical ethics (The GameStop Squeeze)\*\*** [*http://blog.practicalethics.ox.ac.uk/2021/02/ethics-of-the-gamestop-short-squeeze/*](http://blog.practicalethics.ox.ac.uk/2021/02/ethics-of-the-gamestop-short-squeeze/) `"Nevertheless, for people who think Wall Street is due some punishment, it’s probably seen as a good start."`< Bullish + +**They all know the truth\*\*** [*https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html*](https://oilprice.com/Energy/Energy-General/Naked-Short-Selling-The-Truth-Is-Much-Worse-Than-You-Have-Been-Told.html) + +&#x200B; + +# Threats that we face: + +***SUPPOSED***\*\*`methods used by banks and the hedgefunds to dismantle online communities` [*https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro\_techniques\_for\_dilution\_misdirection/*](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) + +**Finkle is Einhorn\***\* `Who is at the end of the GME saga?` [*https://www.reddit.com/r/Superstonk/comments/owpfc3/will\_the\_real\_gme\_bbemg\_please\_stand\_up\_part\_1/*](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/) + +**Fidelity's share-lending debacle\*\*** [*https://www.reddit.com/r/Superstonk/search/?q=fidelity%20&restrict\_sr=1&sr\_nsfw=*](https://www.reddit.com/r/Superstonk/search/?q=fidelity%20&restrict_sr=1&sr_nsfw=) + +**Cellar boxing; Wall ST's infinite money glitch\*\*** `It is impossible for GameStop to go bankrupt given its cash position and bullish sentiment which put a spanner in their whole strategy & failing to cellarbox, puts Short-Sellers on the hook for infinite risk.` [*https://medium.datadriveninvestor.com/cellar-boxing-the-predatory-secret-that-wall-street-uses-to-exploit-an-infinite-money-glitch-in-97ccbd6c9923*](https://medium.datadriveninvestor.com/cellar-boxing-the-predatory-secret-that-wall-street-uses-to-exploit-an-infinite-money-glitch-in-97ccbd6c9923) + +**Jim Cramer: Admissions of a Hendgfund Manager\*\*** [*https://www.youtube.com/watch?v=EuT6UyeeJcQ*](https://www.youtube.com/watch?v=EuT6UyeeJcQ) + +**Naked Short-Selling & regulatory capture Explained\*\*** `and how predatory short-sellers cellar box companies` [*https://www.youtube.com/watch?v=IZbLv\_S\_fYg&t=29s*](https://www.youtube.com/watch?v=IZbLv_S_fYg&t=29s) >!< A MUST WATCH <!< + +**FTDs Explained\*\*** [*https://www.youtube.com/watch?v=I0WXg5T3cBE*](https://www.youtube.com/watch?v=I0WXg5T3cBE) + +**SIPC open cases still pending\*\*** [https://www.sipc.org/cases-and-claims/open-cases/](https://www.sipc.org/cases-and-claims/open-cases/) `Cases are still pending from 2008, I bet in hindsight retail investors would have DRS their shares.` + +# Threats they face: + +**Fish do speak:** [*https://www.reddit.com/r/Superstonk/comments/rdip8n/at\_the\_st\_louis\_aquarium\_they\_have\_interactive/*](https://www.reddit.com/r/Superstonk/comments/rdip8n/at_the_st_louis_aquarium_they_have_interactive/) + +**GameStop Forward P/E Ratio Is 10,648\*\*** `The price is wrong, this information has been suppressed.` [*https://www.youtube.com/watch?v=SgOjoesdq4s*](https://www.youtube.com/watch?v=SgOjoesdq4s) + +**GameStop announces multiyear strategic partnership with Microsoft\*\*** [https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/](https://news.microsoft.com/2020/10/08/gamestop-announces-multiyear-strategic-partnership-with-microsoft/) `The partnership aims to advance GameStop’s key strategic pillars and extend its digital omni-channel ecosystem` + +# Pay less or no tax: + +**Portfolio loans\*\*** [https://www.cnbc.com/2021/07/13/portfolio-loans-can-be-one-way-to-make-debt-work-in-your-favor.html](https://www.cnbc.com/2021/07/13/portfolio-loans-can-be-one-way-to-make-debt-work-in-your-favor.html) `A great option for those that no not plan on selling their shares and is attracted to the idea of holding them in the Forever Infinity Pool. Portfolio loans or lines of credit offer a way to tap the cash you need without having to sell investments.Instead, you pledge assets as collateral and because you do not sell thouse assets you are not liable for capital gains tax and instead just pay the interest on the facility.` + +**How to Pay Zero Tax on crypto or stocks\*\*** [https://www.youtube.com/watch?v=PUAaAjHugiI](https://www.youtube.com/watch?v=PUAaAjHugiI) + +============================================================================================================================================================== + +# My message to all of you + +**Hey, apes, It takes persistence, energy and fire to win! so instead of being spoon-fed what the disingenuous want you to see, why not work together? and show apes what you think they should see.** + +**The creators of quality DD on Superstonk can't benefit all Apes if only a few of us see the information.** + +**If you really believe in your investment, why spend countless hours consuming content on this forum? does it get you anywhere? do you need any more confirmation bias????** + +**In August when I went all in, and as I became more frustrated with the manipulation and disinformation I stopped being a** [**lemming**](https://www.dictionary.com/browse/lemming) **lurker and have now removed myself from the Groundhog Day Roundabout to counter it.** + +**Why not show apes the information you think will benefit them? Shitposts don't help anyone, well researched DD does.** + +&#x200B; + +&#x200B; + +============================================================================================================================================================== + +# What is my opinion on the situation, and where do I think this is going if shorts-sellers maintain ownership of the float and hold till their last dying breath. + +I believe that GameStop is going to explode in value based on fundamentals alone. When? Maybe soon, maybe not, I'm not sure. What I do know is, shorts are greedy leaches and they will do anything necessary, even if it means they can survive one more day. I personally think they will leach until the value is undeniably much higher, and then jump in price as each positive earnings are released. + +Come on! you didn't think it would be a walk in the park, did you? + +# Why did I DRS 100% of my shares? + +I believe in the MOASS theory. If MOASS sucks the value from the markets as we expect it to, I think it is safe to say this will cause domino bankruptcies everywhere, brokers included. If it wasn't for the buy button being removed in January, Many Brokers would have. + +How do I know that? Take a look at what the owner of Interactive Brokers Thomas Peterffy had to say 2 weeks after it all happened: [**https://www.youtube.com/watch?v=\_TPYuIRVfew&t=2s**](https://www.youtube.com/watch?v=_TPYuIRVfew&t=2s) + +In short, I DRS'd because I didn't want to lose my shares and not be covered by SIPC insurance due to Broker bankruptcies. not least the many benefits of being a bonified shareholder. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +This is one of my open trades from Tuesday that I told you I would share: + +100 contract 3/12 160C/185C $4.20 GME bear credit spread. For those slow at math, that's $42,000 in premium collected with a max loss of $250,000 and a break even around $164. + +I have already bagged over $72k from selling GME calls in the past 3 weeks, all of which were naked, so this is my first spread against the underlying. I was planning on closing the position on Monday for a 50% gain as the IV crush seems to happen on Mondays and Fridays. + +For those who can read and made it to here: I manage a 7 figure port, I never put more than 5% collateral into any 1 trade, I have never made a YOLO trade in my life or nor will I ever, and I am a very active options trader. + +I can't wait for the freak out in the comments and to be called every name in the book! Todays action has made this trade interesting but the most profitable part of this trade will be this weekend. + +**UPDATE** I closed this spread about 5 min after open for a debit of $6.00, about an $18k loss. +I know most recommend SPX for this but I've been testing this strategy with SPY and was wondering what your thoughts are. It's basically opening a 0DTE IC at around 11am, once the market has settled a bit. Strike prices would be $10 above and below the current market price and they would have $5 wide wings. + +This gives you between $15 - $30 premium for $500 maintenance requirement. Looking at the SPY price history for the past 22 years, it only hit max loss once and had a loss about 9 times. This was just looking at the open/close so I figured by opening at 11am, I increase my chances of staying within the $10 width on either side even more. + +I'm sure the premiums will go down when the market calms down, but not sure by how much. For now, it seems pretty solid. If you open 10 of these, that's about $150 per day. You can just keep scaling up from there depending on your account size. Thoughts? +Just started a new account with 1K usd, I want to dedicate this account to theta farming only. What are some of the best strats/ tickers to play with an account of this size? +I work for Home Depot online customer service, starting pay 17/hr. It honestly sucks sometimes and it’s a big learning curve to understand the programs, but it’s 100% from home and they provide all the computer equipment and the first two months are entirely training. I work only for text chat which is 3 simultaneous conversation but there’s also phones where you take one call at a time. pretty sure we’re always hiring. hope this helps some of you out. +Honestly, I don't know where else to post this, so sorry if it's the wrong sub. My partner and I just got engaged, and are currently looking at Venues. I never knew that weddings cost so much fucking money! We are having a relatively small thing, but even then, it's looking like it will put us out by about $5k MINIMUM. + +Most places are asking upwards of $150 per person for a 2-course meal (and I have seen photos - a small salad entree and what looks like a 150g steak and 2 baby potatoes for main)! That is fucking ridiculous, I could eat the best meal in a 5-star restaurant for less than that. And then there are Booking fees, Bar Tabs, Venue Hire, Celebrant, Photographer, DJ etc etc... + +One place told us that we need a minimum of 70 guests, or $1500 would be added to the (already $1000) booking fee.. WTF. + +I don't want to be a bummer and shit all over marriage and weddings to my Fiance, I want it to be special for her, but for me, it honestly doesn't really mean much. I am basically only doing it for her. Like what does Marriage even get you? what can married couples do that non-married couples cant? + +why am I expected to fork out $5-10k for this? how is this normal. do people really pay this much? + +We have been trying to be really money smart recently to get ahead of our finances since we are both pretty low-income ATM, and we have been doing well, but We don't have a lot of money, and this is going to be a pretty big blow to our savings. IDK how long it will take us just to recoup our losses.. + +I guess I am just asking if anyone here has done it cheaper, whilst still being a 'special' wedding and not just an elopement. are there any ways to prepare financially for this, other than just saving in BULK? the Date is about 1 year from now, so that how much planning and preparation time we have. + +Usually, weddings are between younger couples, who don't typically have a lot of money, surely there are payment plans, savings strategies, or something? Anything? + +Sorry again if this is the wrong place. I just needed to get it out really. +I've searched and seen people hypothesizing about a relationship where only one person is on board with FI/RE, but who has actually been through this? Specifically, the transition where one person retires early while the other keeps working? I can see this causing the working one to be irritated. + +My GF, almost certainly to be spouse someday, comes from a family background with the mindset that a successful life is all about hard work. To them, you got to work hard forever (and complain about it)! Working a career half as much that pays 2x does not compute in their brains, but I’m sure we all agree this is a pretty typical mindset in America. And it's clear that my GF has no interest in retiring early, but she tells me she's OK with my plans to meet FI early. + +For the vast majority of my career, I have worked offshore with rotating time on/off. Coworker's and I are very aware that when we come home from working 84+ hour weeks that our partners’ are OK at first with us being at home all day. That might partially have to do with us being more ambitious when we first get home- e.g. my yard was a huge mess because that's "my duty" (which is fine) so I was out there constantly until it looked good again. + +As time goes on until the next hitch, our working partners become more and more irritated. If it's week four that I have been home and the dog has not been walked when my partner gets home I have to hear an irrational amount of complaining. This is alarming because she likes to walk the dog. I know her complaints are actually sourced by her irritation of work and especially my constant chilled-out presence. + +If one hits FI/RE, I'm thinking many spouses who share this mindset will balloon into disappointed, complaining, frown-wearing partners. But I'm hoping to hear the opposite- maybe only during the first few months until the new way of life settles in? + +Please don’t say get a new partner, we are two peas in a pod and I think a lot of our relationship’s strength stems from us being quite different people. I don’t want to date a me. + +so i was banned for a minute, i was supposed to be unbanned the day it happened but i just got privileges back. long story short i took my pants off at a trampoline park when i was 15 for a video and that constituted a ban but whatever lol. Not here to self promote cause idgaf about any of that shit but for the people that are into the waves, here's a video forecast I made today cause I didn't know I was unbanned and the people want the waves and i don't have the energy to transcribe it into a DD🚀 🌊 + +&#x200B; + +LFGGGGG + +[https://www.youtube.com/watch?v=bBNP4IDL0WU](https://www.youtube.com/watch?v=bBNP4IDL0WU) +This is a repost that now includes the full list of stocks that can be viewed/downloaded from GoogleSheets. + +As an investment professional and dividend-growth investor, I'm always looking for better ways to evaluate the investment quality of a stock individually as well as part of my broader portfolio. In the very beginning I used to heavily invest in stocks that were Dividend Aristocrats. But I started asking questions such as, how are these stocks performing compared to their peers. Are there stocks with better performing ROEs? What level of risk (Sharpe ratio) was taken to achieve those earnings? What is the forecasted earnings growth over the next 5 years? How many consecutive years have they increased dividends? What's their payout ratio? What are analysts thinking? Are there sectors/industries I'm overinvested or underinvested in? + +So I decided to write some programs to pull free financial data from multiple sources, such as Yahoo Finance!, YCharts, Finviz, Vanguard, Wikipedia, and other sources. I consolidate all of these different data sources, cleanse and standardize the data, and came up with my own scoring metric on how to rank each stock. The metrics I use for calculating my score include metrics such as Current Dividend Yield, 5-yr Forecasted Earnings Growth, ROE, Payout Ratio, Sharpe Ratio, Dividend List Membership (Aristocrats, Champions, Kings, etc.) and it heavily favors stocks with strong histories of paying quality dividends. I try not to give any one metric too much weight. + +Pasted below is a link to a GoogleSheets spreadsheet that has the entire list. + +[Full Stock Investment Analysis](https://docs.google.com/spreadsheets/d/1v9dk9ksUuVFnB27LX1478srKkjQFeAWrOgJOm21mmsM/edit?usp=sharing) + +To just see a summarized list of the Top 5 rankings by Sector, click on this link instead: + +[Top 5 By Sector](https://i.redd.it/1q2ykuir2r091.png) + +What are your thoughts on my top rankings? Any surprises? Any questions on any particular metric? Hopefully it has provided you with extra investment insight. I'm always looking for ways to refine my methodology and scoring, so any suggestions would be appreciated. + +Data Disclaimer: Data from free, publicly available sources are known to have data inaccuracy issues and financial metrics/forecasts are constantly changing everyday, so please independently verify any metric you use when making investment decisions. The analysis is for information purposes only and is not to be interpreted as an investment recommendation. + +INVESTMENT\_SCORE NOTE: + + I just want to say that my scoring methodology (as with most) has many imperfections and you should not put too much faith into it. As with most financial data, very few times does anything turn out to be 100% logical or sensical. Any scoring methodology you use will yield some bizarre results. My scoring methodology ended up ranking some small-cap, speculative companies high which is tough to say whether a hidden gem was uncovered or if there was an oversight on the scoring formula. If you're not a small cap investor (I'm not) then skip it and move down the list, or better yet, just put a filter on MarketCap > 5 , so you're only looking at $5B+ mid-caps and above. + +THE TRUE POWER OF THE SPREADSHEET IS THAT ALL OF THE FINANCIAL METRICS ARE AVAILABLE TO YOU IN ONE FILE TO MAKE YOUR OWN CUSTOM SCREENER. + +I encourage everyone who downloaded the spreadsheet to have a little fun and create your own custom scoring metric. It's not hard to do and I'll help you get started. + +Let's say, Div Yield, 5yr Earnings Growth, and ROE are important to you then set your Excel formula like this as a starting point: SCORE = (1 + Div%) \* (1+5yrEPS) \* (1 + ROE). + +If you want to put extra weight on current dividends then you can square the first term. If you're a value investor and want to make an investment decision this week, then use the Distance from 52W low/high and P/B metric as part of your scoring formula. If you want to give a higher weight to larger MarketCap stocks then multiply with something like (1 + ln(MarketCap)/10). + +As a financial data modeler, I'd be interested to hear about your Scoring Formula and would encourage you to share it with us, but also please state your motivation behind the scoring formula, such as, Dividend-Growth, Value-Buy, Short-Sell, etc. +*An important event has happened in the history of bitcoin. Now the one-millionth part of the Bitcoin supply is worth $ 1 million.* + +**Anyone who owns 21 bitcoins, or one millionth of the total supply, is a millionaire today.** + +https://preview.redd.it/lwe5w4haqzl61.jpg?width=2300&format=pjpg&auto=webp&s=c8f6eb374315493f477bb1014cbaf59107116364 + +Back in 2017, financial publications announced the emergence of a group of crypto enthusiasts “hunting” for exclusive membership in the “[*21 Million Club*](https://www.businessinsider.com/bitcoin-21-million-club-more-exclusive-by-the-day-2017-12)”. Also over the past years, there have been many forum posts about people who have finally ended up in the exclusive club of owners who own one bitcoin (BTC). The r / Bitcoin subreddit has [a whole topic](https://www.reddit.com/r/Bitcoin/comments/1q8uv3/owning_1_btc_is_slowly_getting_out_of_reach_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dedicated to those wishing to accumulate 1 bitcoin. + +*Each member of the 21 million club who owns one BTC now owns exactly 0.0000047619% of the total BTC supply*. + +Members of another club of crypto millionaires, who managed to collect 21 BTC or 0.0000999999% of the total limited supply of bitcoins, join [the 21-BTC CLUB](https://21-btc.club/). Membership in the club is informal and symbolic. Club members are recommended the best crypto wallets, among which Trezor is in the first place, the best exchanges, they teach how to pay taxes correctly and share the best information resources on the topic. + +*Many people ask why Satoshi Nakamoto chose the 21 million Bitcoin emission limit?* There are many versions. + +For example, Ph.D. Christian Seberino explained in 2018 that Satoshi most likely chose 21 million in order to “use floating point arithmetic.” You can read more about this [here](https://medium.com/@cseberino/why-21-million-bitcoins-was-a-great-idea-bd2533af0f63). + +However, according to e-mail correspondence between Mike Hearn and Nakamoto, the inventor of bitcoin has chosen a limit of 21 million to match the M1 money supply of fiat currencies such as the euro and the US dollar. Back in 2008, when Nakamoto published the White Paper, the M1 money supply was roughly $ 21 trillion. By simple calculations, we get the predicted Bitcoin price of $ 1 million by Satoshi Nakamoto. + +“*I wanted to choose something that would make prices similar to existing currencies, but not knowing the future, it is very difficult. I ended up choosing something in between”,* Nakamoto said in an email to Hearn. + +Summarizing all this information, we can assume that even **owning 0.1 BTC will make any person a dollar millionaire during his lifetime**. Not to mention the fact that having collected 21 bitcoins, a person will automatically enter the 1% of the richest people on the planet. +Hi, + +So I recently picked up a second part-time job (9-5, 2 days a week) on top of already tutoring 9 hours weekly at £10 an hour. I am enrolled full-time at university, but think I can manage this part-time work totalling to 25 hours a week. Fortunately, I am a home student, living at home with parents, not paying rent or the like, so I did not see a need to take the maintenance loan on top of the tuition fees, so I am only paying back the tuition fee with 6% interest. Because of this, I want to start repaying my student loan back from this month and not accumulate much interest. [I did make some charts and a table, outlining my income and expenses,](https://imgur.com/a/pjTzMMd) and would like advice from this subreddit on anything to improve on, from my data attached (with link). My data is not finished, since it represents 25 October 2022 - 24 November 2022, but I see myself sticking to it and the percentages not changing much. + +I am confident I will leave university with a decent grad job, so I think balancing generic life expenses later with student loan repayments will prove to be a headache for me. Higher paid people (>£50,000) probably end up paying their student loan repayments in full. My main part-time job will go up by £200 monthly from next month, so my SLR (student loan repayments) will go to £700-800 and mum payments by £50-75 monthly. This is why the percentages wont change much overall. + +After all my (insignificant) expenses at the end of the month, I seem to be left with \~£350 monthly (rough estimate), which if my religion did allow interest, I would have chucked into an LISA or something. So my options are quite limited in terms of saving it aside from letting it sit in the bank. I'm not sure I know much about investing in assets to start doing that effectively. Some friends always go on about crypto, but all I see is relatively high volatility right now, I could be wrong tho. This is why I think putting more money into my loan repayments would be a good idea to take it to £1000-1200 a month, or salary sacrifice by some amount, or start getting driving lessons. There is nothing else I can think of right now, I would appreciate some pointers here. + +Possible sources of extra income or losses + +* There is the possibility of getting a bursary from my university ranging from £100 - £2000 annual, depending on my circumstances. It is a bit unethical but, if I do not mention my part-time work to the university, I may be eligible for at least £500-£1000. +* I still haven't withdrawn my money from my child trust fund ( long-term tax-free savings account for children born between 1 September 2002 and 2 January 2011), my parents did not put that much in, but last time I checked it was £1300. This was at least a year ago, and the markets have not had a good time, but I need to check its current value. +* If the working and studying become too overwhelming, I will drop tutoring hours to 6 hours first, then completely, if its that bad. Potentially giving up £360 a month. + +I realise and I'm grateful that I'm in a fortunate spot in the sense that I live at home not expected to pay rent, bills my only transport is the bus and stuff. Thats why I need to make the most of it and lay out my next steps. I like tracking things, so tracking my income and expenses will be a life-long habit. It's funny how my situation scales up to nearly all the other posts on this subreddit, feels very insubstantial lol. + +Edit: need to up my tutoring rate lol +Hi everyone. So I'm currently in university, I've opted for a standard student tuition loan and maintenance loan, it will presumably reach a debt of around £35-40k upon graduation. I've now realised the interest rate is really bad, as have my parents. My dad has said he is willing to pay it off if that is advisable. I know that they say for many it isn't worth paying off as they won't pay all of it across their working life anyway, but I (hopefully) want to be quite financially successful in my own career so I would end up paying it off eventually myself. My only query is whether it makes sense then if my dad just paid it all off now. + +&#x200B; + +I have two fears: + +1) Tuition loans get forgiven by some sort of Corbyn style government (sounds like a highly unlikely fairytale to me so not huge concern) + +2) The bigger fear, they replace it with a "Graduate tax", so now I will have paid off the loan AND I need to pay the graduate tax. + +&#x200B; + +What would you do in my situation? + +&#x200B; +Bitcoin is just a lifeboat in the sea of doubt surrounding modern economic policies. The potential for people to utilize such a lifeboat, with a very particular set of skills, is highly likely. Also, judging by how small the Bitcoin community still is, the potential for growth is astronomical. + +Its rather shortsighted to think otherwise. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm the sole bread winner, because child care is expensive (my SO stays home with the kids) . My family is amazing, my wife is amazing, but we are struggling to save. I pay about $1k a month in CC bills, enough that I should be clear of debt in three years or less. + +But I'm still renting, and want to own a home someday but have nothing for a down payment. + +Is it even possible to save for a home and make up for 20 years of missed savings? + + +Edit: Some great advice here, some stuff we've thought of and a lot we have not. Here are some other details: + +Live in LA, CA + +Rent is 3k + +Monthly expenses about 7k + +Make 130k but note I'm missing out on significant money because I'm not hitting my pay plan (SaaS startup and I'm in sales) + +I pay $800/mo for health insurance for the family + +Company has 401k but no match (common in startups) + +I have equity, which is my ace in the hole, but it's worth nothing until we exit + +Most likely we exit next year, and looks like not for what we want, so my gamble here to make up my savings losses won't pay off like I hoped + +Wife has $65k student loan + +Kids are 5 and 3 and the oldest can go to school in September + + + +Edit 2: About $40k in CC debt between the two of us + +$8k in a 529 that we haven't been able to add to for 3 years + +Wife's degree is in History + +Expenses are actually $7.5k, rent is 3k and the rest is managing debt, car payments, gas, insurance, food, cell phones, nothing crazy + +Even T-Mobile pays my Netflix + + + +Edit 3: Formatting to stop hurting everyone's eyes. + +Edit 4: Clarity on childcare. It's my wife. +Conventional wisdom seems to indicate that once you have "made your number" you should shift into wealth preservation not wealth growth mode. Dial up bonds and other less risky investments, dial down equities, etc. + +This totally makes sense to me if you've got what you need and the primary goal is to preserve what you have. + +However, it seems to me that if you've got MORE than you need - say you could support a 3% safe rate of withdrawal and still be able to draw down 2-3X what you can imagine wanting to spend - that you actually can take on MORE risk. If the equities tank 50% who cares, you can just reduce spend / re-invest less. And in my case at least, this includes family, private schools, VHCOL area, etc., so there is no obvious way in which my spend would NEED to increase over my retirement window. + + +Especially if you're got a long retirement window (\~40-50 years), we're looking at high inflation short term, and probably reduced overall return over the next decade, there seems to me a fair amount of risk in being too conservative, even if your primary goal is "wealth preservation" and you don't \*need\* the growth. + + +(For more context, my thinking isn't extreme either direction, and more wondering if a 60/40 "conservative" portfolio that might be more appropriate for "wealth preservation" is actually correct vs. a 80/20 "aggressive" portfolio that has some more room for growth). +No one knows anything. No one knows what’s going to happen next. Don’t come at me with long winded paragraphs about why people need to be educated on all these different stats and metrics that need to be calculated or whatever to determine what’s worth investing- if you knew how the market was going to perform tomorrow you’d be rich already. + +Investing in the stock market boils down to two things: + +1- you invest in an index fund because you are making the educated guess the world probably won’t end soon and probably will improve gradually over time + +Or + +2- you buy specific stocks/sectors/asset classes because you have an educated guess they will go up in value. + +That’s it. +High Tide published as of today:[https://www.newswire.ca/news-releases/high-tide-significantly-improves-balance-sheet-as-a-further-20-million-of-debt-has-converted-into-equity-and-provides-other-updates-898025751.html](https://www.newswire.ca/news-releases/high-tide-significantly-improves-balance-sheet-as-a-further-20-million-of-debt-has-converted-into-equity-and-provides-other-updates-898025751.html) + +Key notes: + +"Having now closed our **$23 million equity Offering, and with over $27 million of debt** **converted** so far this fiscal year, High Tide's financial strength has been growing every day and has never been stronger.  This has not gone unnoticed by a large number of companies which have reached out to High Tide viewing us as their potential partner of choice. Given our integrated model, this includes not just other cannabis retailers in Canada, but also companies across other areas of the value chain – including accessories manufacturers and brands, other e-commerce retailers, and CBD companies in the United States," said Raj Grover, President and Chief Executive Officer of High Tide.  "With our existing profitable operations and strong balance sheet, it is game on for acquisitions at High Tide.  We plan to be aggressive in pursuing transactions which would be accretive to our shareholders immediately, as well as those that can further position us to quickly **take advantage** of the fast evolving regulatory and legislative landscape in the **United States**." added Mr. Grover. + +I am currently more bullish on High Tide then ever before.They are strengthening their balance sheet almost monthly now. Their assets are growing big time and their debt is getting rid of. Their equity is going through the roof. + +This also convinces me that High Tide will end up on the **Nasdaq** soon. As per requirement 4 of the Nasdaq: + +[https://listingcenter.nasdaq.com/assets/initialguide.pdf](https://listingcenter.nasdaq.com/assets/initialguide.pdf)See page 7! + +Requirement 4: + +1. Market cap of above 160M: is currently sitting at 260M and with this fresh balance sheet I do not expect them to fall down a lot further. +2. 80M in total assets. Well they already had that from Meta growth and High Tide combined. +3. 55M in equity value. They wept away about 27M in debt, did a 23M financing round and already had 13M in equity value (High Tide q3 earnings) also Meta add in some equity value. Plus they are generating cash and not burning makes me confident that this criteria is met. +4. Share price of 4$, in an AMA on reddit it was already discussed that a reverse split will happen most likely. In a yearly board meeting the board has agreed on doing so if necessary for uplisting + +See you soon on the Nasdaq and in the USA! +I was married for 33 years. It was bad. He did not allow me to work, and himself would not work enough to support the family. I scraped and scrounged and made do because I loved him. Towards the end of the marriage, he went to work overseas and made a good bit of money. Income went from 20k to 75k. Except he kept taking money away from me. At the end if 2015, he took it all away and made up lies for why he couldn’t just come home. Then I learned about his other wife, and divorced him. + +I was told by many people that my credit would tank. It was already at 500, so I really didn’t care. 5 years of living by myself on ssdi and a lifetime of scrounging meant I would be just fine. So now I am free of him. + +Surprise! My credit rating went up 100 points. It turns out all the bad credit was in his name, so separating our names made mine go up. Yay me! I guess divorce isn’t always so bad financially. + +Now I am working on rebuilding my credit. I got 3 credit cards: Discover, Sam’s, and Home Depot. That gives me a place to charge food and clothes, home repair supplies, and general needs. This month I will open a savings account. + +The sky is the limit, and I am on my way up! +Correct me on this but I think that if GME were to do an NFT dividend, it would help to be able to demonstrate to a court a specific reason it had to do it via NFT. Well, what if the NFT dividend gave you access to a shareholders-only/ape-only lounge in the metaverse? + +1. it would allow shareholders to see first-hand what they have helped fund the creation of + +2. it would encourage new GME hodlers + +3. It would demonstrate a Web3 prototype for keeping shills & bots away from public discourse. + +Number 3 has me hyped the most. A community of 100k+ people would be able to interact without shills or bots?! Being able to compare mainstream discourse with discourse in this "apes-only" room would be so interesting i feel. + +If we assume that GME is doing an NFT dividend then I feel like there's no reason an apes-only lounge shouldn't also exist. It makes too much sense. +Correct me on this but I think that if GME were to do an NFT dividend, it would help to be able to demonstrate to a court a specific reason it had to do it via NFT. Well, what if the NFT dividend gave you access to a shareholders-only/ape-only lounge in the metaverse? + +1. it would allow shareholders to see first-hand what they have helped fund the creation of + +2. it would encourage new GME hodlers + +3. It would demonstrate a Web3 prototype for keeping shills & bots away from public discourse. + +Number 3 has me hyped the most. A community of 100k+ people would be able to interact without shills or bots?! Being able to compare mainstream discourse with discourse in this "apes-only" room would be so interesting i feel. + +If we assume that GME is doing an NFT dividend then I feel like there's no reason an apes-only lounge shouldn't also exist. It makes too much sense. +Got off the phone with a banker from a large financial company. + +They are willing to offer a 100% LTV home loan with 2.3% IO rate provided you pledge 50% of liquid assets + RE title against it. + +Pledging means you move your assets to their bank which can continue to grow. You don’t need to use their funds + +Take a home of $4m as example - you pledge $2m of assets to get access to the home. + +No down payment. + +Total yearly forced expenses = 2.3% + 1.25% (property tax) = 3.5%. Doesn’t include maintenance and insurance + +Yearly payment is = 140000 or 12k per month + +Buy a good home for $4m. Pay just 12k per month + +Wait for organic appreciation and/or force appreciation with value add (upgrade home) + +Home in 5 years is worth $5m. + +Refinance again, take $1m out and the $1m is used to pay 8-10 years of interest + property taxes. + +Rinse and repeat. Free home + +Assumptions / risks +1.homes appreciate + +2.interest rates don’t risk significantly + +3. margin call on the pledged assets + +What do you think? Any other ways to optimize? + + +An amazing side effect is that long-term the liquid assets continue to grow (reducing margin call risk) and the home continue to grow, while the debt remains stable. + +Also CA property taxes don’t increase with home prices. +I have been extremely fortunate in my life and have found myself in the position of being able to retire early. Coming out of the pandemic, I’m trying to fill my schedule with things that interest me (hosting events, investing in real estate, fitness and creative classes, etc). But something that I’m finding is that it’s not always easy to relate to people who work when you’re not working, and beyond that, the stress of HAVING to work and worrying about money, limits the emotional energy you’re able to give to other people. + +I find myself always having time to be a support for the people I care about, to the point that it’s almost become a hobby. I have a lot of time to think carefully about life decisions, emotions, etc. But there’s no one in my life who does the same for me, and that makes me feel strangely left out. The only thing I can compare it to is being a bachelor when all of your friends are starting families and they just can’t give you the same level of commitment they used to, while you’re still ready and willing. And I should mention, I am also a bachelor. + +Does this get better with age? I hate to see so many of my friends struggle (almost all of them make less than 100k) and I can’t help but think “what’s the point of having all this money and free time if I have no one to share it with?” + +I hope that doesn’t come off as obnoxious, I tried to phrase it to the best of my ability. +Y'all, apes and apettes, we can't slow our roll with DRS now. Infact we need to pick up the pace! + +We can hypothesize and theorize and speculate all day about an NFT dividend or Cohen pushing the red button but in reality the only power we have is BUY, HOLD, DRS! + +I know that's been our mantra for the past 11 months but now is not the time to get complacent with DRS. It's truly our main super power. + +So, in short...DRS! + +Thanks for reading apes, may the tendieman bless us all and soon....and bountifully. 🚀👌 +TLDR: I feel like I need an explain like I’m 5 to how to navigate life + +Hi, I am 27 and my lack of knowledge on personal finance is making me want to give up on life. I constantly end up in bad deals, get overcharged, underpaid, bitten by charges for not understanding something, ripped off, and miss any opportunity to benefit myself financially. I know that sounds very “woe is me” but I’m just trying to best explain what I mean. + +I have a learning difficulty (adhd) and get so lost and confused when talking to any customer advisers. I think this makes me an easy target for bad deals. I’m even being paid less than others in my company I work for and despite raising it just got brushed off. I don’t really know properly how anything works from credit to energy bills to insurance. Therefore don’t have the confidence to advocate for myself. + +For context, I am from a poor family, I feel like I’ve been conditioned to perpetuate poorness as my family all financially struggle. Even if I needed to borrow £100 there would be no one I could ask. I can describe what I feel like as; most have this manual on how to do life and play the game. I’ve observed friends getting guided and helped by there family’s. I never got any financial advice or shown the ropes and I’ve figured everything out on my own but very limited and poorly. My capacity to learn these things is limited because my adhd makes it harder for me to understand certain things (finance is one, it fills me with dread and panic because of all the words I don’t understand, confusing language and acronyms/percentages). + +I so badly want a comfortable (my definition of comfortable is just not broke my entire life and actually have something to my name) life but it always feels like 1 step forward and 2 back. I make terrible financial decisions constantly instead of making my money work for me. + +I feel like this issue is stopping me from getting what I feel I deserve from life. I work hard and try so hard to make the right decisions (better than my family) + +But sometimes I feel like giving up it just feels like there are hands all around me grabbing at what I have. + +Can anyone advise any digestible material which helps with these thing? +Or advice and story’s from people who have broken free from generational poorness? I would love some inspiration to make me feel less hopeless. + +Thank you for reading + + + +TLDR: I feel like I need an explain like I’m 5 to how to navigate life +28, living with parents. Have saved up for several years to the amount of £115k. I have the intention of buying a house next year. I have a retail job that provides takehome pay of anywhere between 1000 and 1400 a month. I have depression and anxiety and am not career focused. I tolerate my job but hate exchanging my time for money. I want to be able to maybe work on a part-time basis but I feel I struggle with guilt when I am not working; I am also obsessed with saving in general. + +My plan is to spend around 100k on a 2 bed (I live up north and am single so absolutely reasonable). I don't like the idea of having a big mortgage so was thinking of a 5/10 year and putting a considerable deposit down? I wouldn't be against paying all cash for a house but I have a lifetime isa and if I am right, you need to use that as part of a mortgage? + + As for the rest of my money, it is in various savings account. I did not want to commit to putting in the stock market until I have more of a firm plan on what I should do. I do contribute to work pension, albeit a small amount. +Hi all, first time poster here. + +US expat in Europe, under 30, making around 1,000,000 EUR / yr. + +Other than maxing out Roth IRA & 401k, S-corp write-offs, and some contributions to American Funds, I am holding way too much in savings/checking accts. + +After reading this sub, I realize how little I’m doing investment-wise. I think my main problem is lack of financial mentors and financial literacy. I come from fairly humble beginnings and am only used to spending/saving modest amounts. I realize making this income for the next 5-10years leaves me in a great position to set myself up for the future and build up wealth, but I’m lacking guidance. A CPA handles my taxes and foreign-income tax deductions and I have a basic financial advisor in the US, but I’m not sure the investment advice is growth-oriented enough for this income. + +Just bought a home for \~800,000 EUR (expensive area, wish I could have bought something cheaper, but real estate prices rising rapidly) other than the home mortgage, I have no other debts. Restaurants 2-3x per month, cheap car, SO is on a low salary and our spending reflects SO’s salary more than mine. + +What’s my best course of action? + +I’m interested in European real estate investing and possibly some US real estate investments in my hometown, but not sure if now is the time to buy. + +Otherwise should I just continue to max-out retirement accounts, put the rest into my mutual fund, and sit tight? + +Am I better off finding a european-based financial advisor? + +US taxes really bite, especially considering I live in a low-tax area in Europe and only spend a few week per year in the US. Other than foreign-income exclusions, is there anything I can do to lessen my tax burden? (other than renouncing US Citizenship ;) +My bank account was made when I was 16 so he had to co-sign at the time. Now four years later he has been taking money from my checking account for his personal needs. I don’t want him to be able to do this, instead he should ask me and I would gladly give it to him. + +Anyways, I went to the bank and asked to separate it so I was the only one on the account and they told me my Dad needs to do this for me. So I asked him to authorize it for me and he said no. + +What can I do? Should I open a new account and just transfer my balance? +So, I gave my younger sister 30 ETH, 3 years ago. I was helping her set up a wallet through chat on myetherwallet.com. I made her set up the wallet, log in and out again multiple times before I sent her the ETH. I sent her the ETH, and made her log back in to confirm she could get into it. + +Fast forward 3 years, and she forgot the fucking password (Apparently, it was my fault because I didn't emphasize how important this was!!! UGH!). + +Well, we have the .json file and the private key but no password. Is there anyway to get in there? I was reading about writing a list of possible passwords in a .txt file and brute forcing it but I have no experience in this. Thoughts? +Here’s what you do. **Use range bars**. Time itself screws up your moving average as bars are drawn even when the price doesn’t move. You can’t expect accuracy if you’re looking at say 9 bars back but the price didn’t do anything for the last 4 bars. Don’t let useless data mess with you. + +Set your **MA cross to 13 and 48**. + +Use **1,000R if you want long term trades**, EURUSD you’d be short from July 07, 2021 and made about 1,500 pips so far while still holding the trade. It’s not a pip magnet but at perhaps $10/pip on a prop firm account you’re still taking $15,000 from one trade in about a year. + +Use **100R if you want short term trades**, EURUSD you’d be long from May 16, 2022 until a few hours ago and made about 100 pips. + +You can **trade the 13/48 cross or just trade the 13MA**. Is 13MA going up? Take a long. Is it going down? Take a short. Did it switch directions? Switch your position. Is there no clear direction? Don’t do anything. + +Do you get nervous about trades? Hide the range bars themselves on TradingView and just trade the MA lines. **You don’t actually need to see the range bars.** + +Don’t know where to put your SL? The 48 MA line is a real good spot. Far enough to not get hit and close enough to save your behind. + +**People here always say they’re price action traders but you’re not trading based on just price. You’re also including a time aspect and that right there is boning you in more ways than one.** +I'm currently 31, with £15k in my pension, contributing ~£500 a month. + +Assuming 3% growth per year, if I retired in 24 years at 55 I'd have a £240k pot. Is this realistically enough to retire on? + +Leaving the capital intact, I could safely withdraw £625 a month forever, but if I was happy to reduce the capital over a period of 35 years (expecting to live til 85, I'm not really expecting to live beyond 90?) I could withdraw up to a maximum of ~£900 a month. + +I feel I've been pretty pessimistic in terms of growth, nor have I included an NHS pension (only worth ~1.5k/year) or the state pension I'd get later on in life (assuming there still is one). + +Is £900 a month a feasible amount to retire on? What sort of lifestyle could that afford me, assuming I had no mortgage etc.? +**DEBUNKED** + +Ty u/RyanMeray For the Following info. + +&#x200B; + +>I think it's important we nip this M1 graph in the bud. I learned this several weeks ago but hadn't seen a reason to share it here specifically, so here we go. +> +>[https://www.federalreserve.gov/releases/h6/h6\_technical\_qa.htm](https://www.federalreserve.gov/releases/h6/h6_technical_qa.htm) +> +>"Recognizing savings deposits as a transaction account as of May 2020 will cause a series break in the M1 monetary aggregate. Beginning with the May 2020 observation, M1 will increase by the size of the industry total of savings deposits, which amounted to approximately $11.2 trillion. M2 will remain unchanged." +> +>Hate on the fed all you want, but the amount of money they printed isn't as much as people have claimed. + +&#x200B; + +**~~TL;DR:~~** ~~Pay no attention to the men behind the curtain~~ + +[~~M1 Money Supply~~](https://preview.redd.it/y0c2l2hmbmd91.png?width=2311&format=png&auto=webp&s=ddf0d03cf942606f9fd0345fe67f5f7387f3af66) + +~~First we have M1 Money supply. This is basically cash. M1 means super liquid. Money in checking accounts type liquid. Treasuries aren’t included, neither are savings accounts. As you can see, this went from 4 Trillion to 16 trillion overnight. 12 Trillion overnight. You can’t do that without repercussions.~~ + +&#x200B; + +[~~M2 Money Supply~~](https://preview.redd.it/5yxfbp4obmd91.png?width=2320&format=png&auto=webp&s=8a595bef733fe0853679efa6b67b38026df74f8a) + +~~Next we have M2 Money supply. The higher up the M’s you go, the less liquid the money. M2 means it can be turned into M1 cash but isn’t cash, so there is a bit of delay. Also it should be noted that M2 includes M1. Which means that we can conclude that most of the spike in money came as a result of increase in M1. Which means the FED created a bunch of very liquid cash. Of which around 1 Trillion went to the Tax payers. But what about the other \~7 Trillion? On a totally unrelated note, the stock market had a very sharp V like recovery. A strange and unrelated coincidence.~~ + +~~An interesting note here is that we can see it took around 35 years, from the 70s to 2008 crises to go up to 8 trillion and around 10 years to double it. But then whats this, we went another 8 TRILLION in 2 years? Putin please stop, you’re killing us here. Someone get him away from the print button.~~ + +&#x200B; + +[~~RRP Chart~~](https://preview.redd.it/rr0amjtpbmd91.png?width=1772&format=png&auto=webp&s=d00ea00a8600461cc3657a996011724acc874fcb) + +~~Finally we have the beautiful RRP. The Reverse Repo facility the Fed created to create a dam from all the cash overflowing into the market. Every night the Fed pays Money Markets to store cash with them, rather than anywhere else. Usually Money Markets have to find a place to invest that’s safe and the money isn’t locked in for long term, and stays liquid. No reason to look around the market when the Fed is offering such a safe place to keep the money and get steady returns. So the money stays away from the rest of the market, while still getting a nice little risk free return. Totally not a problem surely. The Fed pumping in billions is bad but having 2+ trillion hit the market would be worse. No way this is a problem, these guys are pros, they totally know what they’re doing. 2008? One time mistake. Everyone gets one. Move along.~~ + +~~So if someone else starts talking to you about Bullwhip effect and how that means we’re going to go from inflation to deflation because supply is going to shoot up like magic, please slap them. We’re in this mess because the Fed couldn’t find the off switch for the free money printer. Not supply chain. The supply chain problems don’t help, but those are details compared to printing TRILLIONS OVERNIGHT! Of course the government and central bank would love to have everyone talk about supply chain issues. Anything to avoid blame.~~ + +&#x200B; + +[~~https://preview.redd.it/8wv137vrbmd91.png?width=2842&format=png&auto=webp&s=cee6854adc5a442126cba1b0cdea8b49b8e4e7a7~~](https://preview.redd.it/8wv137vrbmd91.png?width=2842&format=png&auto=webp&s=cee6854adc5a442126cba1b0cdea8b49b8e4e7a7) + +~~BONUS CHART: Here is Inflation in historic context. As you can see, we were above what inflation was heading into the great financial crises all the way back in October. Well before Russia invaded Ukraine and provided a convenient excuse to the central banks.~~ + +>*Milton Friedman famously said, “* ***Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output***.” +I think I'm becoming obsessed. On the bus on my way to work, first thing I do is check my etf, and stock values, and pre market. Then sometime during lunch break I log in again. Then after market closes I log in again! + +I've been doing this for 5 years now... Only time I stop checking is when market is red... + + +Does anyone else do this? + + +Also, I habitually multiply my investment by 0.03 to give me hypothetical fire amount. Again I do this constantly... + +For example, todays market is a solid green all around and I've checked 6 times already +UPDATE: they offered me 29% 😳 so no need to negotiate. Thanks for all of the good tips and suggestions anyway. I went in prepared. + +I recently interviewed for an internal role in the company that I currently work for. The role is a grade level (from manager to associate director) and salary increase. I am expecting an offer next week. I’m hoping for a minimum 10% increase. How do I negotiate an internal job offer for a higher increase if I’m not happy with the offer they make? I plan on taking the job regardless of the salary, but want to maximize my compensation. +I am sure we've all seen it, from the $5 a gallon gas to skyrocketing rents/mortgage costs, etc.. From family out side of the US, this seems to be a worldwide phenomenon, only expected to get worse. For the most part I think if you are FIRE'd already this give you a hedge against inflation, example, no commuting to work (saving on gas), probably a paid off house etc. + +But for those of us still in the planning stage has this affected your FIRE plans? Would love to hear how it has and what if anything you are doing to mitigate. + +EDIT: I know $5 a gallon probably won't upend anyone's plans but the reason I posted this, is when I heard from my cousin and his daycare cost at $2400 a month. I had my kid in the same one about 5 years ago for $1300 a month and that amount was insufferable. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Didn't see this posted anywhere on here and might help some people cut down on their internet/phone bills. Thought it might help out some of the unfortunate ones here that have lost their job recently. Tethering is supported and it's 5G ready. + +Link: https://voxi.co.uk/for-now + +Requirements are you must be on JSA, UC or ESA. + +Disclaimer: I don't work for VOXI, just came across this promotion and it helped save a friend of mine money. +Alright, I know this question gets asked frequently, and I’ve read most of the threads, but I don’t find they’re helping me make a decision for my situation. + +I’m planning to buy my first home (Pennsylvania) May-July 2021. I currently make $75k year (plus 30k in commission but I don’t want to factor that in as it’s variable). I don’t foresee myself staying in the home for more than 3-5 years, but who knows. + +Right now I have $49k in a savings account. With my current savings rate I should have about $70k in that account when it comes time to buy. + +My goal is to buy a home around $250k. + - down payment would be ~$50k + fees + +If I don’t plan on being in that home for more than 3-5 years, does 20% down still make less sense? Should I put less down, pay the PMI, and invest the remainder of my savings (excluding emergency fund)? What questions should I be asking as I make this decision? + +Thank you! +I made a post similar to this when inflation was rising 6months ago. + +Now that we can agree that it’s more likely that this is not transitory, what impact will this have on the Australian economy? + +Currency? +potential interest rates when America raise rates? (its my understand that our banks borrow in USD) +Housing? +Unemployment? +QE? +Investments? + +Discuss +Yeah I should probably keep track of my expenses better but a lot of the time its not feasible for petty spendings like <$10 stuff. + +Every couple of days I'll go over my credit/debit card statements to make sure I havent had fradulent activity or whatever and then I'll see like some obscure name and have to do mental gymnastics to figure it was just a cafe or bakery I got something from. +So in reference to the Great Resignation thread, seems a lot of people are jumping ship for 50% pay increases. + +What kind of industries are experiencing this? Being Perth based I know FIFO jobs are in need. + +I'm in accounting and these kind of increases don't exist for me. +Hi all, + +Throwaway account here. Looking for advice as I'm in a tough situation and in need of help. My family don't know the situation I'm in. + +I have £50,000 in credit card/loan debt: + +* 18,000 @ 17% interest +* 16,000 @ 22% interest +* 10,000 @ 10% interest +* 6,000 @ 18% interest + +My monthly income after tax is £3,800. + +After current outgoings (school fees, transport, food, etc), I have £1,700 available per month. + +For the above debt, I'm currently using that £1,700 to pay: + +* £600 for the 18,000 loan +* £380 for the 16,000 +* £245 for the 10,000 +* £300 for the 6,000 + +I have a poor credit rating and am unsure if I'm eligible for a balance transfer (I will check this). I can reduce my current non-debt outgoings by around £150 per month (and I really don't want to take my daughter out of the school she's in). + +Any advice on what I can do? +Hi all, I work in the Finance industry and have been trading stocks and crypto for years now. I would like to share some of my tips and knowledge here, hope you like them! + +Guides: + +Stick to your personal trading rules and ignore noise/hype. + +Don't FOMO into a coin. Price always pulls back so never chase the pump and never buy at the top. If there's nothing to buy. Wait for a good entry. Let the pump come back to you. + +Expectation: you won't get rich overnight. After buying a coin, don't expect it to double overnight. Just be very patient with a coin before considering selling it. Just remind yourself why you bought the coin in the first place! + +The crypto market is unpredictable, anything could happen. + +I wouldn't recommend leverage trade/ shorting now - We're in a bull market now so it's not wise to take extra risk to leverage trade or short the market. + +Remember: most traders lose money, and the richest people in the world you know are long term investors, not traders. + +I have made much more money by investing mid-long term than going 20x on trades thinking I'll get rich overnight. + +We're in the middle of a bull market now and I don't think we're at the top yet. There's still money to be made but don't expect you can 100x your money, though I believe 10x is still quite possible. + +On that note, just focus on finding your 10x coins rather than aiming for a 100x moon coin, it's just unrealistic now. The time to make 100x is gone. Prepare to buy in the next bear market to prepare for the next bull cycle, that's how people make 100x. + +Exit strategy: + +While it's fun and exciting when we're in the middle of a bull run. But remember, this bull market won't last forever. While it's good to take advantage of this opportunity to make life changing money, don't forget to plan your exit strategy. Always remember to take profits. + +For example: if you're lucky enough to make 10x. Take some out and put it in Btc/ Eth for long term investments. Take some out to a stable coin so you can rotate the profits into another 10x coin. Take some out to fiat so you can enjoy your money. Leave 5-10% in the original coin in case it will still moon. Have a plan! + +Know when to sell: + +Write down your price target when you buy a coin so you can ignore noise, FOMO and emotions down the track. When the coin is approaching your price target then start shaving off the profits. Remember: you don't have to sell the whole thing, you can always sell 10%—20% to take some profit out. + +You can dollar cost average in, and you can always dollar cost average out. + +Above is not financial advice. + +Thanks guys for reading. Hope the above helps and hope we all get rich. + +PS: It's my birthday today so please upvote this post if it offers some value to you. 😊😊 +Programmed my first basic algo, a simple SMA strategy. My friend was like holy hell, you're gunna be rich off 15 lines of code. He had the champagne and strippers ready to go. I told him to chill. + +Seeing as I'm still in the baby phase of learning algotrading and the like, what are some common next steps? + + +I built a trading algo in R using a "moving average crossover" decision rule. + +I wanted to try algotrading, and I figured the best place to start was with something dead-simple. Obviously I wasn't expecting any miracles. In fact, I fully expected it to "lose money". But I wanted to create a proof-of-concept to show myself that I could do it, and create a starting point for building more advanced trading algorithms. + +I picked TSLA as the stock because it's had a lot of volatility. I assumed a $100 USD investment, pulled historical stock data using the [Alpha Vantage API](https://www.alphavantage.co) (and the [alphavantager](https://github.com/business-science/alphavantager) package), calculated 50-day and 200-day simple moving averages using [tidyquant](https://github.com/business-science/tidyquant), and simulated a backtest with some custom wrangling and loops. + +Here's a visualization of the time series with buy/sell decisions at the SMA crossovers. + +https://preview.redd.it/jgib49l2a6s31.png?width=1344&format=png&auto=webp&s=37a7c9de58e94f342f286c2bd0710417de6d34d5 + +Obviously it didn't perform well (it lost 26% of value), but it was still a successful test! Full code here: + +[https://tylerburleigh.com/blog/simple-moving-average-algorithmic-backtest](https://tylerburleigh.com/blog/simple-moving-average-algorithmic-backtest/) + +&#x200B; + +How did you get started with algotrading? +It seems easier to get more units from multi-family as their per-unit is typically lower, but does that not often equate to less income per unit? Curious on what the reasoning is behind some people doing exclusively SFH, and some just trying to rack up as many doors as possible. +They say the law is a "regulatory taking" -- basically, arguing the city is cutting into their ability to profit off of the property. + +Do you think this legal strategy will work? + +Article: + +https://www.desertsun.com/story/money/real-estate/2018/07/03/indian-wells-homeowners-sue-city-short-term-rental/747148002/ +Happy, Eat more Fruits and Vegetables Day, Superstonk! + +Who better than your favorite pickle to guide you through this most important of Holiday's. + +Well I hope you have eaten them because today we're are on a rescue mission. According to some extremely unverified data there are thousands of apes waiting behind the 250 wall that need picked up on our way to the moon. + +[We will leave no ape behind !](https://preview.redd.it/rkzne1rfon171.png?width=627&format=png&auto=webp&s=c763ebfd011b4a1cd5a29bda3c84c6861c987195) + +We are coming for you... + +*As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.* + +don't be a dickle and check out the daily livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157**, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +# After Market Pickle Party + +Closed solidly above that 252.5 resistance. I am actually jacked to the titzzzzz. Thank you all so much for tuning in today and for the unbelievable amount of support you guys are actually amazing. Let's see if we can hit 300 for the long weekend as 5k more options are now ITM with plenty more to go as we keep ramping up. Seems like the shorts were saving the best squeeze for last... + +\- Gherkinit + +https://preview.redd.it/x5wv6ggyyp171.png?width=716&format=png&auto=webp&s=464b14deec8637ba3263a55f0d6858a853142372 + +Edit 8 3:32 + +UMM :) + +https://preview.redd.it/027i6aibtp171.png?width=1495&format=png&auto=webp&s=d20bdc54076e06021f6d5aec0b5cfa95b1a119b2 + +Edit 7 2:52 + +With interest in the market diverted elsewhere GME is running a bit low on gas but we crossed VWAP and I think we are looking solid going into power hour we've had no major dips and a test of 250 still seems likely. + +https://preview.redd.it/zclpm6agmp171.png?width=1636&format=png&auto=webp&s=2cadffd5b6fa1a8773351e93d7fd2781d2923da4 + +Edit 6 1:34 + +Looking to hold that bottom support line if it fails we can see a dip I don't expect we would drop below 220. If we get a bounce and some volume I'm still looking for the upward test at 250. + +https://preview.redd.it/cowzyiq98p171.png?width=1514&format=png&auto=webp&s=eb943a90bf6b8407d5aa76c8372a83e784ff11ab + +Edit 5 12:16 + +Slow climb back into this lower channel if we can retest VWAP and cross I could see another test at 250 before EOD. I think the shorts have about used the borrow for today. So not looking at a lot of sell pressure right now. + +https://preview.redd.it/ibc08lbduo171.png?width=1542&format=png&auto=webp&s=145b873f0229ad08b82541a5b18952a2226e9fc0 + +Edit 4 11:33 + +Falling slightly below the daily trend line volume at 7 million FOMO seems distracted by AMC + +https://preview.redd.it/hfn35aopmo171.png?width=1579&format=png&auto=webp&s=39402e749f9ffd915d833ea958df4a38f591be66 + +Edit 3 10:43 + +Small short attack there reverting us back to VWAP several sell walls going up behind the drop 5k at 245. Hopefully we can hold VWAP if it fails the test looks for a small dip. + +https://preview.redd.it/m83uafvtdo171.png?width=1184&format=png&auto=webp&s=92884d0d3891f356543e91ce45d88c1631152bdd + +Edit 2 10:16 + +Failed a double test of 250 looks like we are gonna consolidate and test again our volume is actually much lower than expected + +https://preview.redd.it/vk6x72709o171.png?width=1607&format=png&auto=webp&s=b2d0547591d31c7ba9f2ffc085f2b6e4a23e1726 + +Edit 1 10:00 + +Just smashed through 240 let's see if this can take us up into the 250 range we are currently looking bullish with decent buy-side volume coming in + +https://preview.redd.it/xy20sn3x5o171.png?width=1464&format=png&auto=webp&s=a4d6810155e2e477adc2c113fd6f37c20707d404 + +# Pre-Market Analysis + +Small Gap down in pre-market currently trading at $233.66 but I suspect we will fill that gap before market open or slightly after. 250K shares available to borrow on Iborrow and 616k on fidelity. With volume picking up currently at 183k. I think we are gonna be in for another interesting day as we continue the battle for $250. + +https://preview.redd.it/95eft5w7pn171.png?width=1522&format=png&auto=webp&s=08c716c1594081f6abb11e481b51aeb10636f740 + +As we know MACD and TTM are already firing and beginning their cycle of volume and volatility. Our last indicator has Triggered CV-VWAP the arbitrage indicator that triggered before the last 2 run-ups in January and February. + +[CV-VWAP on the 4h](https://preview.redd.it/36ssbwjlqn171.png?width=828&format=png&auto=webp&s=cf71c42b34bbe80abeba42796fc3e939f9c1cf15) + +This indicator also fired before the short squeeze on VW back in 2008. So I expect some crazy things in the next day or 2. + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I realize I've been doing it all wrong by staying at my current Finance industry role for 7 years. Being about 3-6 years away from FIRE, here is what I am going to do starting now and how I should have been doing it for the last few years. + +Switch companies ever 2-3 years. Do this 2-3 times until I retire. It is so obvious now, but I didn't see it before. + +1) Next company will give a sign on cash bonus equivalent to my unvested options. That is massive as you get higher up. My unvested number currently is only 90k but at my next role it will be 150k per year which after a few years will be a nice 300-450k lump sum cash payment at the next job hop. Vs never seeing the money if you just retire early. In fact, make sure you hop one last time before retirement and work at the last place for only a year or two so you don't quit with too much accrued unvested options. + +2) finance can be a tough work life balance. The mandatory 60-90 days of fully paid "garden leave" / notice period is amazing. They basically kick you out if the office the day you put in your notice and tell you to stay home and not work. You get paid fully to take a sabbatical. The fact that I haven't taken advantage of this every 2-3 years and instead have burned out is idiotic. + +3) the obvious pay bumps you get when switching jobs. At mid-senior levels we are talking 100-250k incremental per move. At senior levels could be 500k+. + +4) OK this is trifling but I love getting paid out for vacation days while getting garden leave anyway. It is such a pleasant double dip. + +5) freeing up of 401k funds. Instead of investing in a shitty limited set of funds I can move all my accrued 401k funds to my Ira and have much more discretion over my investments. Really nice since I was running out of Ira funds to allocate to my tax inefficient investments. + +The combination of more money and free sabbaticals (eg free test runs of FIRE) is fantastic. I'm kicking myself for being heads down and not taking advantage of this earlier. + +Not sure if garden leave and option buy outs apply to other industries like tech. It feels like the garden leave policy might be unique to Finance in the US and as such, is a really special benefit FIRE-aspirers should take advantage of if possible. +**Intro** + +This sub often talks about the financial aspects of receiving a windfall, but I want to focus on the emotional aspects of inheriting a large some of money for those who are struggling with the emotions that come with receiving a large sum. Managing your emotions can be as equally important as managing your money and the two often go hand in hand. I would like to share a bit about two different paths that my brother and I took and share some of the emotional struggles I have had with receiving a large sum of money from a young age and how I manage those emotions. I hope that this post can help other people who might have similar feelings to what I have experienced. + +**Brief Background** + +When I was in my first year of college, about 10 years ago, my final grandparent passed away. My brother and I received a lot of money, about 750k each. By the time I received full ownership of the money at 25 years old, it had grown to 1.2 million due to most of the money already being invested. + +**What each of us did after receiving the inheritance** + +My brother has always been a hard worker and it’s something I admire him for. He was working in a dead end job he more or less enjoyed, but that didn’t pay well. He decided to pursue something else a few years after receiving the money and went for his masters degree. He now works at a stable job that pays pretty well and that he loves. He lives in a HCOL area and put down a large down payment on a wonderful house. When I was renting a room from him, he would leave early in the morning and get home later. He probably put in 50+ hours every week and up to 60+ at times for the first couple of years. As I said, my brother is a hard worker. There were many days or weeks that were very stressful and he was exhausted when he got home. But now that he is more settled in the job, he takes off more from work to do the things he wants to do and indulges in some of his more expensive hobbies. He has no intention of quitting his job and continues to gain a steady income. On this sub, this is the recommended path. Work like you would have done if you hadn’t received a windfall and enjoy the benefits of it growing. + +For those of you like me who struggle with the recommended path I’ll share what I have done. I completed college and hopped around trying different jobs. First, I worked a job in my field of study. Then I worked in retail for a bit before I tried a different type of job in my field of study. I ended up having a mental breakdown in that job. My next career decision took me to a low cost of living country where I now work teaching English. + +For whatever reason, I have really struggled with working full time and adapting to adult life. It could be argued that my inheritance has contributed to that as in full time jobs it’s really hard to stay motivated when rent and satisfying basic needs is not a concern if I leave my job. It’s easy to transition the thought of “this isn’t worth it” into action. It’s not that I’m a bad worker. I always arrived on time to my shifts and rarely slacked off. But after awhile in a job I start to realize the job isn’t really fulfilling and working for my mental health, and so I look for the next thing that I think will give me a sense of fulfillment. Therefore, I don’t know if I would have adapted to full time work even if I hadn’t received my inheritance. + +**Guilt** + +There are some problems that come with receiving a lot of money. I’m not saying these problems are worse than other peoples. Just that there are problems and one of the main ones is the feelings of guilt that can come from receiving a large sum. Over the years, I have felt a lot of guilt, whether from personal or societal pressures. I’m sure some of these aren’t only exclusive to people who have received money, but I still want to share them as I think they are pretty common among people who have received a windfall and are experienced to varying degrees at different times. Here is a list of some of those things: + +1)feeling like I don’t deserve and didn’t earn the windfall. + +2)feeling like I’m wasting my potential if I don’t do something special with the opportunity the money has given me. + +3)feeling like my achievements are lesser than others. + +4)feeling like I have to solve other people’s financial problems. + +5)feeling bad for spending any of the money. + +6)feeling like I’m not allowed to have problems. + +Include separate for not having to struggle like other people? + +**What has helped me with the guilt.** + +It’s important to work on these feelings of guilt because if you don’t, you risk the chance of making unintelligent decisions. Here are some things that have helped me in the past. + +1) It’s really interesting how we view what people deserve or don’t deserve. People tend to think good things happen to good people and bad things happen to bad people, but the reality is a lot of life is random. So we might look at people working hard to get the same amount of money that was given to us and we feel guilty for not having to make the sacrifices they do. After all, we aren’t better than them so why do we deserve to not work like they do? But remember that the person who chose to give it to you deserved to give their money to whoever they wanted to. So I think it’s important to be constantly thankful for the people or person that gave it to you. I feel less guilty when I see that money as something that was given to me so I could pursue whatever I want in life that makes me feel fulfilled and happy. + +Also, one of the things my therapist challenged me on is how to think about the idea of earning money. Have I earned my initial net worth by showing up at a job and exchanging my labor for money? No. But all the additional earnings that my investments make, is earned money in a sense. Not in the traditional sense, but in the sense that every dollar of gains is from money I chose not to spend, even when I could. + +2) The idea of potential is often associated with career, but that is only one aspect of your potential. But because people mainly focus on career potential, people will judge you if you don’t use your money to further yourself in your career or to start a business. There is really only one potential in your life that I believe matters, and that’s feeling fulfilled and satisfied with life. So do whatever brings you long term fulfillment and figure out what is truly important for you and distinguish that from what other people think you should be doing. For me, it’s working for some of my own money while also having a lot of free time to pursue my hobbies and activities. This obviously changes over time so just be aware that what brings you satisfaction now will probably be different even a couple years from now. + +3) Guilt about potential plays a bit into guilt about achievements. It’s easy to look at other people’s achievements and compare them to your own. When I compare myself to what other people are doing with their lives, it’s easy to think I’m not doing enough and this is amplified with the false belief that because I have the financial resources to do anything I want, it means that I could do anything in life. When really it means that I can pursue anything that I am willing to make sacrifices for. It’s easy to look at another person’s income on this sub and think ‘wow, if only I put in the effort like that person, I could make 150k+ too.’ But in reality, you don’t know the true amount of effort that that person has put to get there, effort that you might not even be capable of. You don’t know how many things that person had to sacrifice, the amount of stress they endured, or their goals that motivated them to achieve that level of income. + +But you know what you have sacrificed for your own personal achievements and they are things you can be proud of. While it’s important to recognize other people’s achievements, it’s also important to recognize your own achievements and to take the time to be proud of them. + +4) My first reaction, and maybe yours too, to hearing someone having financial difficulties is to want to help them. And if I were to feel guilty about the money I have, I would probably feel obligated to help them out financially. But constantly doing that would set me on the path to giving all of my money away and prevent me from reaching my own goals. I have found that most of the time, people end up solving their financial problems on their own and are really just looking to vent. Even just offering a listening ear is often a good enough way to help out your friends and family. + +Now I’m not saying don’t ever give money to help people. I think charity and helping out friends and family is noble and it is something I would like to do more of at some point in my life when I feel more income stable. What I am saying is don’t ever feel obligated to give money to other people if you don’t want to or aren’t comfortable with it. Personally, I have my own financial and life goals and I’m not comfortable giving away large sums. But, if charity is very important to you, select an amount you are comfortable donating or donate some time to help out. + +5) This can especially play off the feeling of not deserving the money you received. So if you buy anything with ‘unearned’ money then you didn’t really earn that object and you shouldn’t be allowed to enjoy something that you didn’t earn. But that type of thinking ruins the joy for anything that you spend money on, which is a lot of things in this life. While I’m not advocating for spending without any care in the world, I am advocating for guilt free spending. + +To help prevent overspending, it’s important to still have a budget no matter your level of wealth. Find an amount you are comfortable with spending per month/year and stick to that budget. For me, I take out enough money to cover my basic needs and a little extra fun money, but I still leave enough to let my windfall continue to grow. It can be easy to go over the budget when looking at your bank balance, but this is where a lot self-discipline comes into play. This has serves two purposes: It prevents you from buying things frivolously and over time eroding your windfall. And it also creates an artificial constraint where you begin to want to earn money. As I said earlier, having such a large windfall has made money less of a motivation for me, but when I feel a constraint on spending, even an artificial one, it makes me want to earn money with my own skills. The only exception I make is for important medical related things. + +Developing some sort of professional skills is good and I really recommend any sort of skill that can be freelanced if you struggle with full time work. It has been important for me to acknowledge that I wouldn’t have been able to pursue this kind of career path had I not received my inheritance. Feeling like I am still having to use my own skills to earn additional money has given me quite a lot of personal satisfaction. + +6) For the final point of not feeling like I can have my own problems. People are judgmental. It’s a fact of life. And people tend to look at those who have been very fortunate as not being allowed to complain about things or have their own problems. But that’s not true. Are my problems as stressful as someone who has to worry about not making rent and barely being able to feed their family? Hell no! But someone having a more stressful situation than me doesn’t make my problems any less problematic for me. So it’s okay for you to struggle with the guilt and other emotions that can come with having received a large windfall. + +**Conclusion** + +I hope some of the things I have written can help you a bit to navigate the emotions with receiving an inheritance or windfall. I would be interested to know in what other ways you have felt guilty or other ways in which you were able to manage some of your guilt. +Hi, + +Not sure if this is the correct sub, but yesterday I tried to deposit some cash at my local Barclays branch. It wasn't a lot, just £100. However, the machine kept £10 on the grounds that it cannot 'confirm it's authenticity' and only added £90 to my account. I earn this money from parents for tutoring their children so have no reason to believe the money is fake. + +When I queried this with a staff member, they bluntly told me that the note is fake and the machine is never wrong. I wasn't having it and he eventually went to the back and added £10 to my account because he said he'll give me the "benefit of the doubt". + +I was still a bit annoyed. The only reason I got my £10 back was because I kicked up a fuss, otherwise the staff expected me to just move along. I will definitely be going to the counter next time rather than the self-service machines even if the queue is longer. + +I know it's just £10 but this is about principle. Has this happened to anyone else? + + +**Edit:** many people are speculating my note was a fake, but that's not the issue here. The issue is that the machine 'failed to confirm its authenticity' and that was the end of that. What if it was a genuine error? The bank teller did not investigate further and I never found out whether it was decidedly fake. + +An elderly or more reserved person may be inclined to take the bank teller's word, and the bank would be profiting from these errors. Furthermore, the note was the newer plastic version for which, according to sources in the comments, forgeries don't yet exist. +I see so many of us Apes who feel the same way. I lost one of my childhood best friends at the start of the pandemic to debt and loneliness, he took his life out of fear, and I've watched many of my other friend's families struggling as they too have been constantly embattled to stay afloat. + +At the start of all of this, many people spoke about how GME was bigger than a payday - it was the first time they felt a sense of promise and hope. I relate to this mindset most of all. Most of us have had our humanity squeezed down to a profit for the majority of our lives, our personhood distilled into misery, and it'd be nice for once to feel an ounce of control and safety that we could share. + +I plan to hold as long as it takes knowing that there are millions of other Apes like me, with millions of more people those fellow Apes wish to help. This may be a rocket ultimately fueled on tendies, but I guarantee we could chart the stars with all this fucking Ape love. + +Genuinely, thank you to everyone. For the education, for the inspiration, and for the support. + +&#x200B; + +\*EDIT: Wow, I wasn't expecting this but thanks so much for all the kind words. Love you, Apes. You're all the best.\* +"Zoom ZM, +1.92% reported net income of $27 million, or 9 cents a share, compared with net income of $2.2 million, or less than a penny a share, in the year-ago quarter. After adjusting for stock-based compensation and other factors, Zoom reported earnings of 20 cents a share, up from 3 cents a share a year ago." + +"Executives expect the astounding growth to continue: Zoom’s forecast calls for $495 million to $500 million in the fiscal second quarter, **more than double the average analyst estimate.** For the full year, **Zoom now expects revenue of $1.78 billion to $1.8 billion, nearly double Zoom’s previous annual forecast for a maximum of $915 million in yearly sales**. The company now expects **full-year adjusted earnings of $1.21 a share to $1.29 a share, *after previously guiding for yearly profit of 42 cents to 45 cents a share*.**" + +https://www.marketwatch.com/story/zoom-video-earnings-and-sales-blow-away-expectations-stock-rises-toward-more-records-2020-06-02 +Full disclaimer, I am not a car person. I have no emotional attachment to my current car, or cars in general. I know this is the exception to the norm, especially when it comes to others around my age group, the late 20s. + +Here are a few subjective reasons I feel that financing a car, new or used, is one of the worst financial decisions a person can make. + +----- + + +**Cars are a depreciating asset.** + +And I use the term "asset" very lightly. In reality, a car should ultimately be called a liability - it costs a large amount of money to maintain each year, whilst depreciating in value - a liability is something which costs you money. + +How many people do you know that have a purchased a new car and resold within a year at the same price, or higher, than they bought it for? Zero, zilch, none. + +The truth is that as soon as you sign the paperwork at the car dealer and drive out of the showroom, you instantly lose 15% of its value. After 5 years? You're looking at a 55%+ loss. There's no need to argue on the specifics here - sure each car is different; high-end cars might hold a better resale vale, speciality cars maybe you lose 10% instantly, not 15. The point is that ultimately you are buying a depreciating asset - a new car will depreciate immediately - and further depreciate every single year you continue to own it. + +* Cars depreciate in value, rapidly. + +* Cars should be considered an asset. + +* A car should be called a liability, because that is what it is. + +------ + + +**Buying a car in general, yet alone using financing, is not an investment.** + +Buying a car is not an "investment". I get that a car is often a necessity/used for work purposes etc., but calling it an investment is wrong. Paying interest for something that is *losing* value means that you're getting hit and losing money from two sides - first, repaying the ridiculous high interest rates that car financing comes with and second, losing on the depreciation of the car over time. + +* As your car ages, it loses its value rapidly. It will never increase in value. Therefore, + +* A car is not an investment. + +------ + + +**High interest rates.** + +Ask yourself, why are interest rates on car loans so high? It's because lenders know what they are doing - they are lending to you on something that is *depreciating* in value - therefore it is much higher risk than other forms of loans. You might end up paying $50,000 total for a $30,000 car! When it's time to sell, that same car is now worth $10,000, so guess what, you lose again! Car loans are high risk for lenders, and you will pay for it with higher interest rates. + +* Car loans have higher than average interest rates. + +* You lose money twice - first by paying interest and second by the drop in resale value. + +------ + +**Opportunity cost.** + +Opportunity cost in economics is the loss of other alternatives when one alternative is chosen. For example, you can make 3% interest saving money in a bank, the *opportunity cost* of making that decision is that the sharemarket returned 8% that year - essentially the opportunity cost of deciding to leave your money in a bank rather than invest - was a 5% loss on your money that year. + +The opportunity cost in spending $10,000 on a good quality, small second hand car means you can't use that money to invest, for example, or perhaps take that overseas holiday you've been eyeing. + +There is an opportunity cost in everything we decided to choose in life. Your $10,000 used car helps you get to work to earn an income, if you didn't have the car your opportunity cost might mean you have no job, or a lower paying job. So in this case you've made the right choice. + +Now let's relate this to a brand new car, with a car loan in 2018. You buy a $30,000 car and over 7 years you pay back your loan, with interest, costing a total of $50,000. The year is now 2025 and your car is now worth $10,000, if you're lucky. That loss of $40,000 is your opportunity cost of making that decision. Say you had $10,000 in cash 7 years ago and you bought a cheaper used car outright. Over the next 7 years you managed to save $40,000 that otherwise would have been spent servicing the loan. That $40,000 investment at an average of 8% return per year, for 7 years, equals a total gain of somewhere around $15,000-$23,000 (depending on a variety of factors of course and gradual stock purchase over time). So the year is again 2025, your car is now worth $2,000 and you have cash in your pocket of $55,000-$63,000. That's up to $65,000 in assets (!) as opposed to your one car asset worth a measly $10,000. + +* $65,000 is more than $10,000. + +* There is an opportunity cost in every decision, financial or otherwise, that we make. + +* Buying a new car, with a loan, is always a terrible opportunity cost. + +----- + +**Used cars are just as good.** + +I get it, people have an emotional attachment to cars. They buy on emotion. It's not limited to cars, we live in a materialistic society. It's just a shame that cars are one of the more expensive material objects that we buy based on an emotion. + +If you buy a used car, with your own cash, you are already better off financially than anyone else that has bought a new car. I'm not saying it's necessary to buy used cars your entire life - if you've saved up your own hard-earned money and have bought some actual assets, go for it! Buy a car if it makes you happy! Hell, it's your money. + +What I am trying to say is that purchasing a used car with your own money is the best financial decision you can make when it comes to buying a car, it's the best opportunity cost outcome assuming you need a car in the first place. Buying a new car is not a wise financial decision and buying a new car with financing is the worst financial decision you will possibly ever make. + +* Save your own money and buy a used car when you can afford it. + +* Buying a new car is not a wise financial decision. + +* Buying a new car with financing is the worst possible financial decision. + +Why they hate Bitcoin/crypto so much. Is because their false beliefs about the chip shortage mistakenly blamed on POW, is it because they feel bad for "missing the train". + +Or maybe they are influenced by the MSM lies and false narratives about "Bitcoin is bad for the environment" or "just a speculative bubble/pyramid/Ponzi scheme" without doing any research or due diligence by themselves. + +Maybe it's a social engineered manipulation by big actors on that sub. + +They are missing the big picture: + +Why would I ever give up my Bitcoin for printed-to-infinity government coupons (IOU's)? + + > Neo: what are you trying to tell me, that I can trade my bitcoins for millions someday? +> > +> > [Morpheus: No, Neo. I'm trying to tell you that, when you are ready, you won't have to](https://gyazo.com/10ead3a5c1fd8ed1e9d150ed6cced62d) +> +> +> ***"When measured in fiat, Bitcoin price will rise infinitely"***. +> +> ***"Bitcoin has no top, because fiat has no bottom"***. +> +> +> I will NEVER sell my Bitcoin for printed-to-infinity government IOU's, the [same as somebody who bought a block in Manhattan on the 1800's](https://www.youtube.com/watch?v=s-kKDR30Fb8) will never sell it no matter how high the price goes when measured in ever-worth-less USD. +> +> You earn in value appreciation/equity against USD as well as in the expensive rents your tenants are paying. If you need even more fiat you borrow against it, and pass the prime real estate to your children and grand children... for many generations, and they don't ever sell it for fiat either. +Denison is a uranium exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to its 90% owned Wheeler River project, which ranks as the largest undeveloped high-grade uranium project in the infrastructure rich eastern portion of the Athabasca Basin region, Denison's Athabasca Basin exploration portfolio consists of numerous projects covering approximately 280,000 hectares. + +*Disclaimer: I´m not even close to being a financial advisor so please do your research and make your own decisions based on what you understand.* + +*Before you ask, I own 8500 shares of $DNN bought at 0.905 per share.* + +**Key Market Themes:** + +\- Long-term contracts from the previous uranium bull cycle have acted as a lifeline to high-cost mines – this is coming to an end, with significant uncovered utility requirements emerging at a time that Denison is targeting to enter production. + +\- Demand story is positive and improving – requirements now exceed pre-Fukushima levels. + +\- Significant curtailment decisions have been made by largest uranium producers. + +\- Response to COVID-19 has put additional pressure on supply. Further curtailments have accelerated drawdown of secondary supplies. + +\- Given sustained low prices, project pipeline may be inadequate to deliver new production in time to replace mines that are dropping off. + +\- Long-standing trade issues which have distracted the market have been clarified – Section 232 investigation; subsequent report by the Nuclear Fuel Working Group; Russian Suspension Agreement. + +**Detailed Assets with Superior Development Leverage:** + +\- **90% interest** in Flagship Wheeler River project. + +• Development stage project. + +• Largest undeveloped uranium project in the infrastructure rich eastern Athabasca Basin. + +• Environmental Assessment (“EA”) initiated. + +\- **22.5% interest** in McClean Lake Uranium Mill. + +• +12% of global uranium production. + +• Excess licensed capacity. + +\- **66.90% interest** in Waterbury Lake project + +• PEA for Tthe Heldeth Túé (“THT”) deposit (formerly J Zone) highlights potential for future development portfolio. + +\- Additional leverage to the uranium price. + +• McClean Lake, Midwest, and Waterbury Lake all near McClean mill. + +• +250,000 hectares of exploration ground. + +\- Well-funded (+$50M CAD in cash as Feb 21), plus internal sources of cash flow from Uranium Participation Corp. (TSX-U) & Closed Mines operations. + +**About the Flagship Wheeler River Project:** + +\- **90%** Owned by Denison and the remaining 10% by JCU Corporation. + +\- Host to two high-grade uranium deposits. + +\- **Phoenix Engineering** estimated to potentially have lowest costs of any undeveloped uranium deposit. + +\- In-Situ Recovery (“**ISR**”) mining method. It involves leaving the ore where it is in the ground, and recovering the minerals from it by dissolving them and pumping the pregnant solution to the surface where the minerals can be recovered. Consequently, there is little surface disturbance and no tailings or waste rock generated. + +Uranium price assumptions: + +**Phoenix Operation:** + +• Low all-in cost per lb U3O8 suggests contract “base-loading” not required + +• Uranium selling price based on UxC Spot price forecast (Q3’2018 UMO “Composite Midpoint” scenario) + +• \~US$29/lb U3O8 to US$45/lb U3O8 + +• Stated in “constant” 2018 dollars + +**Gryphon Operation:** + +• US$50/lb U3O8 fixed price + +• Market support expected to be trigger for development + +&#x200B; + +https://preview.redd.it/ny4igc06ran61.png?width=802&format=png&auto=webp&s=785404decd54ac59642796d385fb9aa79238c5ea + +The great thing here is that they are combining the world’s lowest-cost uranium mining method with the world’s highest-grade undeveloped uranium deposit. + +*Here you can find all the report and details on this project and how it´s planned to work:* [*https://www.denisonmines.com/site/assets/files/6037/2021-02-19\_denison\_corporate\_update\_-\_february.pdf*](https://www.denisonmines.com/site/assets/files/6037/2021-02-19_denison_corporate_update_-_february.pdf) + +**Development Portfolio (3 projects positioned amongst the lowest all-in cost assets of UxC´s First Tier).** + +&#x200B; + +https://preview.redd.it/20583zu6ran61.png?width=1387&format=png&auto=webp&s=d197a150e75c84ddcb0955cda2b811e36df37ad0 + +**Some Uranium general numbers and why I think $DNN could be the best next thing:** + +\- Sufficient uranium resources exist to support the long-term, sustainable use of nuclear energy for low-carbon electricity generation as well as for other uses such as industrial heat applications and hydrogen production. However, the impact of the ongoing COVID-19 pandemic on the industry and recent reductions in uranium production and exploration could affect available supplies. + +\- Continuing a downward trend over several years, worldwide domestic exploration and mine development expenditures decreased to approximately USD 0.5 billion in 2018, a significant drop from USD 2 billion in 2014. This trend is not expected to result in shortfalls but could signal market issues in the longer-term. + +[https://www.iaea.org/newscenter/pressreleases/worlds-uranium-resources-enough-for-the-foreseeable-future-say-nea-and-iaea-in-new-report](https://www.iaea.org/newscenter/pressreleases/worlds-uranium-resources-enough-for-the-foreseeable-future-say-nea-and-iaea-in-new-report) + +\- President-Elect Biden has signaled that climate change policy will be one of his major priorities. As part of his commitment to reaching an emissions-free grid by 2035 and net-zero emissions from all energy use by 2050, he has stated that all carbon-free sources of energy should be on the table, **including nuclear energy**. + +\- The growing momentum of nuclear innovation has been one of the highlights of 2020. With more reactor concepts hitting important milestones on the path to commercialization, advanced reactors are increasingly being viewed as essential to decarbonization efforts. + +\- The Senate Environment and Public Works Committee passed the American Nuclear Infrastructure Act—legislation that would incentivize the deployment of advanced reactors, in addition to supporting plants at risk of premature closure due to market conditions—with Republican and Democratic support. + +\- Nuclear plants remain the largest source of clean energy in the U.S. and as utilities plan for the future, they’re counting on the current fleet of reactors to keep powering our way of life without carbon emissions. + +[https://www.epw.senate.gov/public/index.cfm/2020/12/committee-approves-nuclear-infrastructure-legislation-at-business-meeting](https://www.epw.senate.gov/public/index.cfm/2020/12/committee-approves-nuclear-infrastructure-legislation-at-business-meeting) + +[https://www.nei.org/news/2020/whats-next-for-nuclear-energy-2021](https://www.nei.org/news/2020/whats-next-for-nuclear-energy-2021) + +**World Nuclear Power Reactors & Uranium Requirements** + +*Disclaimer: This tab has been accommodated to just show CA & US (full table on the link below).* + +&#x200B; + +https://preview.redd.it/pq0fumk7ran61.png?width=834&format=png&auto=webp&s=b83726780195fed12e3acbed80d5e2210104b508 + +[https://www.world-nuclear.org/information-library/facts-and-figures/world-nuclear-power-reactors-and-uranium-requireme.aspx](https://www.world-nuclear.org/information-library/facts-and-figures/world-nuclear-power-reactors-and-uranium-requireme.aspx) + +**Average Analyst Ratings:** + +&#x200B; + +https://preview.redd.it/r35tvhi8ran61.png?width=855&format=png&auto=webp&s=a1cbc5b3cd55d905d42c4769d1cb239ad2574b0e + +https://preview.redd.it/iipc4p49ran61.png?width=850&format=png&auto=webp&s=b2fd89ea6ea109683eb2d8b2f798e30505deed24 + +**Short, Medium- and Long-Term Indicators:** + +&#x200B; + +https://preview.redd.it/de0s9y1aran61.png?width=603&format=png&auto=webp&s=461bc5d13904a5294c10eafebcf4968a2bc3e18f + +**My review and insight on $DNN:** + +To be completely honest I think DNN can be a great long-term investment. We are moving towards a clean energy environment and nuclear energy has a great focus to achieve that. I think the fear from Chernobyl and Fukushima still hunts us, but we need to turn the page and enter a new chapter. It’s a fact that nuclear energy is cheap and we, humans, tend to learn from our mistakes (sometimes at least) so this industry will have everything quadruple checked before turning any reactor on. + +Speaking about the company, they haven’t mine anything yet but already set the foundations to do it and not in a timid way, partnership, diversified assets, efficient costs, no debt, free cashflow are some of the things I´m most thrilled about the Denison. + +If you see this as a short to mid-term investment, I think that the Flagship Wheeler River project will be your biggest ally as is the nearest catalyst. + +The company announced yesterday 03/15/2021 the Inclusion in the S&P/TSX Composite Index. + +*If you have time read the note done to David Cates, President and CEO of the company here:* [*https://finance.yahoo.com/news/denison-announces-inclusion-p-tsx-103000756.html*](https://finance.yahoo.com/news/denison-announces-inclusion-p-tsx-103000756.html) + +As of today, Denison announced funding of project finance initiative involving strategic **acquisition of physical uranium** to be held as a long-term investment, intended to support the potential future financing of the advancement and/or construction of the Company's flagship 90% owned Wheeler River Uranium Project. The purchased Uranium is expected to strengthen the Company's balance sheet and enhance its ability to access future project financing, with the potential collateralization of the Uranium holdings. + +[https://finance.yahoo.com/news/covid-19-pandemic-sparks-72-080000388.html](https://finance.yahoo.com/news/covid-19-pandemic-sparks-72-080000388.html) +For all those Apes who don’t read the DTCC texts. + +Yes the 801 passed, but THIS IS NOT THE RIGHT 801. What passes is the OCC-2021-801 we are waiting for the NSCC-2021-801. A short summary + +OCC 801 is a skin in the game rule change. Basically the OCC can pass on costs of a member default to the other members. + +DTC 801 allows for daily and intra day risk assessments, collection of Secondary Liquidity Deposits (SLD), and forced closing of positions of the member can’t pay the SLD. + +We need the NSCC-2021-801 to pass and comments are due by the 9th to the SEC before they make a ruling. Once SEC approves then the DTCC will “implement the rule change no later than 10 business days after Commission approval” +Beyond Meat ($BYND) shares moved higher once again Monday morning. The stock persists at higher than expected levels after one of the most successful IPOs of 2018 2019 so far. + +The next closest IPO of 2018-2019 has been Zoom Video ($ZM) which is up a mere 185% compared to Beyond Meat’s 600%. For comparison Uber ($Uber) is down 3% while Lyft ($LYFT) is down 18%. + +Beyond Meat shares jumped as much as 34% to $186.43 per share on Monday, marking an all-time high for the company that claims to be “The Future of Protein”. Shares for the company closed on Friday at $138.65. The IPO price was $25 per share. + +Shares, which began trading publicly May 2, have soared altogether 560%, reaching a market value of approximately $10 billion. This forward price-to-sales ratio of 35 seems unsustainable. Tyson Food, for instance, trades for 0.7 times their sales. Credit Suisse analysts see a price target on Beyond Meat shares of $125 based on the company’s first-quarter report, as well as a 2030 sales estimate of $3.5 billion. Beyond Meat is trading for about twice that 2030 sales estimate. + +&#x200B; + +To be sure, the U.S. market certainly isn’t the only one Beyond Meat is looking at. CFO Mark Nelson called Europe and Asia “very significant” markets for Beyond Meat. He noted that Europe already has a “very well-developed market” for plant-based proteins. + +&#x200B; + +Continue Reading: https://goldsilverbitcoin.com/beyond-meat-600-percent-increase-ipo/ +I'm wondering if you guys have any suggestions on what possible major/minor combinations that would contribute to my knowledge of the financial market and programming? I was thinking major in computer science-software engineering while minoring in a finance-related field? +This token GROOT released yesterday via presale. Quite sad I couldn't get in. It didn't matter because I bought 3.5 bnbs at launch, and there was very little presale dump because it did not list much higher above presale. + +The first thing to note is that the project has an anti whale mechanic that prevents large sales from occuring. This will definitely be an appealing feature for those investors who are afraid of the wrath whales unleash when they've had their fill of a project. + +Side note: ive spoken to one of the whales in this project cryptogirl and she says at least 4 of the 10 top holders will not sell until the project reaches 25x from here, as well as buy up the dips. I'm glad to be in the company of such based investors. + +On the topic of the anti whale feature, there was a bit of snafu yesterday. The dev had an issue with burning the supply I believe because of this feature. It amazes me that there was no panic selling during this speed bump that in other projects would have triggered an avalanche of selling. Problem got solved and the chart kept going up. That was very encouraging to see. + + The moderators the community and the dev all want to see this project grow so they are fully committed to marketing the every living hell out of GROOT. Tik tok and youtube marketing start today. + +NFTs are on the roadmap as well as charity donations. + +You're still early because we have less than 500 holders in less than a day. However this is definitely the calm before the storm. I'm comfy holding this token long term for all of the above reasons. Any new or stressed out investors who have had bad luck recently should join the telegram and ask questions. You will definitely see what I'm trying to convey in this post. + +GROOT COIN ($GROOT) +The official TG channel of the $GROOT token on BSC. +Just look up grootcoin +One mechanism to minimize taxes is to harvest free long term capital gains. In 2016 if you were in the 15% tax bracket you could harvest long term capital gains and pay zero in taxes. For a married couple filing jointly in 2016 the 15% bracket was $75,300. Note that if you are reducing your income by contributing to a 403b, a 457, an HSA and traditional IRAs, a married couple may be able to get to the 15% tax bracket even with a six figure income. + +How does harvesting gains work? + +Let’s say you had bought Vanguard Total Stock Market (VTSAX) for $20,000 in 2014. In 2016 if it was hypothetically worth $30,000 you would have a basis of $20,000 and $10,000 in unrealized long term (> 1 year) capital gains. If you don’t ‘harvest’ then at some point you may have to pay taxes on your gains. By harvesting the gains you can reset your basis higher, thus potentially lowering future taxes. If after selling the fund and harvesting the $10,000 (which counts towards your income) you are still in the 15% tax bracket, you get a ‘step up in basis’ for free. + +It is a bit complicated but there are resources around the web. Disclaimer, this is not tax advice and I am not a tax expert. + +As pointed out in comments, there is state tax and other caveats below. More info here: + +https://inthewheat.com/2017/07/21/capital-gains-harvest/ + + 1) You only get the free harvest on long term capital gains (held longer than one year), not on short term gains. + 2) The gains you harvest count towards your income, and thus affect how much you can harvest for free. + 3) Harvesting capital gains can impact state taxes. Since I live in Washington State which has no state income tax, that doesn’t affect me. + 4) If you buy a different mutual fund like I did after you harvest your gain you may realize an unqualified dividend on the new fund you buy, that you have to pay taxes on. Thus if you’re going to sell and buy a different fund, avoid buying within 61 days of a dividend distribution so that the dividend is qualified. For Vanguard funds that pay dividends quarterly that means you can harvest a few days after the distribution and buy the other fund more than 61 days before its distribution date. For example in 2016 Vanguard Total Stock Market Admiral Shares (VTSAX) and Vanguard S&P500 (VFIAX) had their distributions on Sept. 9th. Using the example above one could have sold $30,000 of VTSAX shares that were long term with a basis of $20,000 on Sept 12th, 2016 and bought $30,000 of VFIAX thus harvesting $10,000 in capital gains. The next distribution date for VFIAX was December 20th, 2016 so the dividends from the new purchase would be qualified if you held the fund for more than 61 days. I realize that VTSAX and VFIAX are not equivalent, but they track so closely that for me, I am comfortable holding either. + 5) This is a big one. Harvesting long term capital gains interacts with other income events such as a Roth conversion or dividends, so make sure you understand the big picture. For 2017 I used tax software to estimate how much I can harvest for free, rather than trying to calculate it by hand. + 6) You have to harvest within the tax year. You cannot wait till the next year after you know your exact income to find out exactly how much you can harvest. + 7) If you purchase health insurance using the ACA (Obamacare), harvesting gains can increase your income and therefore decrease subsidies. + + + +Don't be doxxing citron or anyone else. That's bad ju-ju and the Tendieman won't come to visit you if you do. + +[Soon may the Tendieman come](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/) + +[Previous thread at 100K comment limit](https://www.reddit.com/r/wallstreetbets/comments/l2ljpt/gmreeeeeeeeeeee_containment_thread_gme_shitposts) +My dad passed away late last year. In January my mom discovered an old life insurance policy of his that had accrued a large sum of money. She recently deposited the amount in her savings account and made me a joint owner. + +If I withdraw any of this money, is it considered a "gift," therefore subject to those declarations and penalties? If it is "gift" money, how can we remedy that, if at all? + +(This is not relevant to last year's filings, btw, just preparing for next year and trying to avoid any declarations or penalties for anyone involved. Thanks in advance.) + +EDIT: Yes my mother explicitly stated that she wanted me to have the entire amount (as dad has her covered with other financials elsewhere). Mom was named as the beneficiary on this particular policy. Also interesting that I am assumed to be a guy ;) + +EDIT AGAIN: FYI I am 31yo - obviously no longer a dependent minor. +Arguably the hottest post on WSB today - + +[https://www.reddit.com/r/wallstreetbets/comments/wkzd91/why\_you\_shouldnt\_take\_out\_a\_27k\_loan\_to\_buy\_stocks/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/wallstreetbets/comments/wkzd91/why_you_shouldnt_take_out_a_27k_loan_to_buy_stocks/?utm_medium=android_app&utm_source=share) by user u/iFuckTinderFatties is a bit sus to say the least. + +This user joined reddit may 30th, 2022, just over two months ago. Yet here he claims to have caught the top of the GME sneeze- + +" In early 2021 I managed to turn my car money that my parents gave me ($15,000) into over $360,000 on GME. I was luck to sell around $370 and timed the top almost perfectly. + +Unfortunately I managed to lose all my gains and then some, 350k, in the next several months on SPACs and penny stocks." + +So he just joined but somehow managed to capitalize on GME before the run up/before it was mainstream 1.5 years earlier? Unlikely + +\----------------------------------- + +In this post he claims that his average on BBBY is [2631@10.26](mailto:2631@10.26). Yet his money from this loan got "deposited" to his account Friday the 5th when the high was $8.30, inclusive of after hours. BBBY opened at 10.93 monday the 8th. Thus having a 10.23 average is somewhat unlikely. The only window he could have bought for a 10.23 average on monday the 8th is specifically between 6.57am to 7:07am in the premarket. A pretty narrow window... but plausible, still, if he was that horny to buy on monday, why didn't he just buy on Friday? + +He also said this at 530pm yesterday- + +"Who else held BBBY today through this dip? + +I’m not selling!!! Did my dd, I’m confident in my position" + +At the time of that post BBBY was trading for 10.29...He would have been green? Despite that post, he claims to have sold at an 8.3% loss which would equate to 9.38/share. Less than a dollar down, a weird place to set a stop loss in a stock you are so confident in. + +\--------------- + +Lastly, if you go through his post history it's pretty spammy but mostly filled with nonsense and a confusing timeline of when he claimed to have just fucked a milf, yet days later is talking about his GF, then threatening his GF cause she didn't want to have sex, then breaking up with his GF. + +So best case, don't feel bad for judging him because he is a shit human. Medium case he is a perpetual liar. Worst case (which I'm leaning towards) he is a shill. + +Anyway point is; other people smarter than me should dig into further. Also don't trust everything you read on the internet. If mods want to take down this post that's fine, just wanted to bring it to your attention that it suspicious as fuck. +How is this company going to survive without its own viable self-driving project? + +My understanding of the long-term probability of profitability would eventually be a taxi fleet through self-driving cars but the likelihood that this would lower costs by not employing drivers is now a dream. + +Renting or purchasing self-driving vehicles for use will carry its own cost once self-driving cars become more of a reality and I don't see Uber as a viable company in the medium term. The sustainability of hiring drivers is low given the higher probability of regulatory pressure going forward. California was the first step and even though it failed, regulatory pressure will continue to mount for Uber and Lyft. + +A company that makes no money and hinges on the idea that it will eventually make money once it develops self-driving cars decides to scrap the idea. +I'm not sure what's more incredible; the trillion volume glitches or the $56k bid-ask spread on $GME. + +Here's the data: + +4/7/2021 **4:00:02 PM** EDT177.97USD-3.539%(-6.53)4,694,979 + +**Pre-market** 4/7/2021 9:29:22 AM EDT183.37USD-0.612% (-1.13) + +173.00Bid 55999.00Ask 55826.00Spread IEX + +Confirmed by another user:" Yes, if I’m correct I made this print screen on 3:27pm new york time. Apparently there are no sellers..." + +Source: [https://chartexchange.com/symbol/nyse-gme/](https://chartexchange.com/symbol/nyse-gme/) + +What does it mean when there's a wide bid-ask spread? It means the difference between the price you can buy a stock from the price which you can sell it. In my view, this is one marker of volatility, which is why IV rose today. When these spreads widen, the stock can also experience sudden changes in price action. + +**So at a certain point in time today, the highest price someone was willing to pay was $173. The lowest someone was willing to sell was $55,999. That's incredible.** + +&#x200B; +Hey guys. So I know someone made a similar thread recently, but I wanted to ask this too along with some caveats. + +So I recently was assigned on an AAPL put I sold and I was actually happy to just keep the shares. I love the stock long term. But I figured why not just sell calls weekly anyway. I can bring in a couple thousand bucks a year even if I'm being super cautious and conservative. + +BUT in that other thread, everyone was warning the person to not do it. Because eventually you'll have your shares called away and be very unhappy. + +Is that really that much of a concern though? Yes, I'd be very annoyed if that happened, but I think it's pretty unlikely. I monitor my options daily anyway, and I'll just be sure to roll it up and out each week if I'm even REMOTELY worried about my shares being called away (like I just did on this past Thursday). + +So, those of you who are more experienced, should I stop being cute and just keep my shares and cut it out? Or is it worth it to bring in the extra money? + +Thanks. +I got stuck with some CSP expiring on Oct 29 at 147... thinking about rolling down... or rolling out. Any else in a similar position? If so what you thinking of doing? +Title says it all. For everyone freaking out about the fed meeting today, just remember this isn’t the first time in Bitcoin’ history that this has happen. The last time was in 2015 and went into 2018. During that time period we saw Bitcoin go from $465 to $20,000. + +What you are seeing right now is purely FUD, don’t buy into it. This won’t crush crypto. If anything, it should be a bullish sign for crypto. The fed is finally admitting that inflation is a serious problem. It is no longer transitory and it has run significantly hotter than the Fed projected. + +Also, the news is already baked in. Unless they do something insane, we already know that they are going to likely decrease bond purchases earlier and possibly hike rates earlier. This Fed is very market friendly, always have been. Their biggest fear is shocking the market which I why I believe they will change policy less than people are forecasting. + +If the instructions are unclear, I’ll spell it out for you. Buy. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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CNBC and fuck nuts boomer face are promoting banks that are about to implode. Cramer is blatantly fucking with peoples money especially if these banks on the verge of cratering. Nothing makes me more irate. If any two entities that deserved to get cancelled it's Cramer and CNBC. Cramer did it in 08 and he's doing it again. FUCK I'm pissed. +*(tl;dr) This Japanese novel, not available in English translation, is a fairly dark but nuanced story about a young woman who attempts to FIRE and risks getting lost in the spreadsheets.* + +Hanami is a woman in her early thirties, childless, unmarried, working an office job at the Japanese branch of an American food manufacturer in Chiba. She earns a mediocre salary but saves every yen she can and invests it into the stock market – preferably into U.S. stocks because they pay out higher dividends than Japanese ones. To save up the capital for her investments, Hanami cuts costs wherever she can. She has invested a lot of energy into finding a rent-controlled apartment and drives an extremely small and cheap car. Her social life too is subjected to a strict savings regime. In the opening passage of the novel, Hanami receives a wedding invitation from an old acquaintance. She quickly estimates what it would cost her to attend the party, a little more than 10,000 yen ($100, more or less). Then she starts calculating in her head: + +> For convenience, let's assume I use this 10,000 yen to buy high-dividend U.S. stocks with a yield of 5%, so 500 yen per year. If I were to compound my investment by reinvesting the dividend, the 10,000 yen will become 16,289 yen after 10 years, 26,533 yen after 20 years, and 43,219 yen after 30 years. + Now if the dividend yield is calculated at 7%, and factoring in dividend increases, the figure will be 19,672 yen after 10 years, 38,697 yen after 20 years, and 76,123 yen after 30 years. + \[…\] + Thirty years from now - when I'm sixty-two years old - will my friendship with the woman who invited me continue? Which would I rather have, 76,123 yen in the future, or a connection with a friend that may or may not last? + +In the end, Hanami goes for the money and declines the invitation. Her future self – the sixty-two-year-old woman whom she imagines long happily retired on her investments – takes precedence over both her current and future social obligations. + +Some people think of early retirement as a quest for self-realization, a way of building a more fulfilled and less consumption-driven life for yourself. But Hada paints a darker picture of the FIRE mindset. Hanami is motivated primarily by fear and by a desire to “get on the side of the exploiters” before it is too late for her. Working conditions at her company have recently deteriorated because the US management has been putting the squeeze on the Japanese branch: people are getting fired, benefits are getting cut. Hanami does not grumble like her co-workers but feels compelled to buy more of her company’s stock instead. She has also quit smoking long ago, preferring to put her cigarette money into high-dividend tobacco stocks. Tied up with this fear-driven urge to get on the winning team are deeper anxieties about aging and the passing of time. Hanami loves to go surfing – she particularly loves the feeling of living only in the now as she rides the waves. Will she still be able to enjoy life that way when she is older and will have more time? Will the money that means so much to her now still be of any importance then? A recurring theme throughout the novel is the "ghostly" quality of the money that Hanami accumulates. As long as it consists only of numbers in her brokerage account, it does not feel real and fulfilling to her. But actually putting it to use in the here and now would defeat the purpose of building a dividend-paying machine that will sustain her future. + +Hanami’s boyfriend Naoyuki – a lackadaisical guy who has coasted through life on his good looks alone and usually spends his money as soon as he receives it– finally becomes the catalyst to her inner conflict. He introduces her to the ‘Village’: a hybrid online/offline community founded by a charismatic YouTuber. The members of the Village also want to escape from the corporate rat race, but they believe in the imminent collapse of the fiat currency system and try to circumvent this by establishing a money-less society. Their rural commune works on a trust-based bartering system whose members trade each other goods and services. The rest of the novel plays out less as a conflict between this belief system and FIRE ideology than as an internal struggle for Hanami as she finds out more about the ‘Village’, and also about its darker side. + +Hada’s novel is at its strongest when it examines these inner struggles and truly gets into the head of its protagonist, an unlikable but complex woman. (Conversely, the story loses some of its focus towards the end as the author attempts to cram in other themes.) ‘Phantom’ is remarkable in several aspects. It is a nuanced if bleak take on the ways people confront the twin problems of money and time. Hanami with her borderline pathological obsession with money is hardly a flawless character, but neither are the other people that populate her world – her spendthrift co-workers, her aging parents who never saved enough and are now confronted with serious money problems, and of course the cult-like members of the ‘Village’. Hada never judges these characters, even if they sometimes seem like caricatures; he prefers to observe them and use them to examine various aspects of his overarching theme. + +Also notable about ‘Phantom’ is that this book – to my knowledge the first ‘serious’ novel ever about the modern FIRE philosophy – was not written by an American but by a Japanese. Keisuke Hada, who won the Akutagawa prize in 2015 and is considered a writer of highbrow *junbungaku* in Japan, attempts to use ideas about finance imported from abroad as a lens to examine social and cultural fault lines in Japanese society. Hanami’s dream of FIRE is also a dream of America. She learns English to read investing websites, she watches US television series about rich people whose apartments seem improbably big compared to her cramped room, and she pictures herself living in New York as she listens to Miles Davis while driving her miniature car to work. The Village (ムラ), conversely, represents nostalgic ideas of communal living that are presented as typically Japanese, but also some social pathologies that the author ties to events in recent Japanese history. As with the other questions it raises, the book never provides an easy answer to this conflict. It invites you instead to reexamine your own beliefs about money, about time, and about what constitutes a life well-lived. +This is a response to a post I read here the other day where someone said they had became so obsessed with their finances, and working overtime, that they no longer found joy in any of their hobbies. + +While it is obviously important to be fiscal, have an emergency fund, and save for your retirement, don't let that be the only thing you focus on in your life. Often entertainment budgets are discussed here in the context of entertainment being healthy, or inevitable, and I myself will often avoid going out of spending my entertainment budget to save more, or save up for something. + +One thing I started doing about four years ago that I never avoid is my "H-Fund." + +My H-Fund is a transaction that happens once a month where approximately (2) hours of my hourly worth is sent to an "adopted" brother of mine who lives in a third world country where the average annual lower middle class income is about $1,500. + +When we were kids he came to stay with our family for a period of several years, and then came back to stay with again for a few more years. He is now an adult and living in his home country, and doing very well for himself. He works, has a degree, a girlfriend that he wants to marry, and a life he is starting even though he is older than me by several years. + +And, I am single-handedly giving him ($300 less than) an average salary on the side. + +Using rough math this breaks down to about 6 minutes of my day, per 5 day work week. Every single day I block off a 6 minute span on my calendar in Outlook, and during that time I do whatever I want. I listen to music, I dance, I play a game on my phone. I don't work. For 6 minutes every day (probably more) I don't do any work, and I just make money, and I then send that money to my brother. + +This gives me a great deal of satisfaction. + +I never miss a payment into my H-Fund, and I'll avoid going out in order to save for it. It makes it real easy for me to skip a night at the bar, or skip a dinner with friends if I've been over spending because I know I have another ding. + +In my head each month I start off $100 in the negative. I don't have an official line item in my budget for my H-Fund, it just has to get paid every month. Either food, entertainment, or something else has to give, or I have to make a little extra money and hustle... which I do too much of. + +Anyway, do good works with your money within reason. You don't need to be Bill Gates to have a huge impact in this world. This isn't hard for me to do, so I'm not saying you should do something similar. Volunteer at a soup kitchen. Just do something to use your time/money to help others. It feels good, and makes it easier to keep yourself on budget. + +Just pick a number and start off in the red. + +edit: Grammar + +re-edit: To head the witch hunt off at the pass, I am a salaried employee that is often expected to work long hours without overtime. Some weeks I work 100 hours, some weeks I work 80, and some weeks I work 20. My average is probably around 45 to 55 per week, and my position is entirely performance based. My boss is not only aware of this bloc on my calendar (because he can see it,) but could not care less about how I choose to spend my time as long as the job gets done. I could come back from lunch drunk off my ass and the only thing I expect him to ask me is if I need a ride home (probably, never tried it.) Replacing me would require him to hire a minimum of (2) others to meet the responsibilities. The idea that I'm stealing anything is laughable, but I do personally think of it as theft and that's what makes it so much fun. + +What I'm trying to say is... I have fun doing it, and what I get out of it exceeds the $100/month that I spend. I want my brother to know that in his heart, because I'll not let him feel any shame for accepting money that he doesn't actually need. Except he does need it, because I know where he lives, and I know what goes on there, and I know what a massive huge opportunity I am providing for him in terms of the ability to purchase land, start a business, put himself through school, and to raise / educate children. All of that for six minutes. If you feel guilty about "stealing" six minutes from your boss having a dance party in your office then work during that time and work harder than you normally work the rest of your day. + +Oh, and when someone requests a meeting during that time, I reschedule the 6 minutes to another time during the day, I don't ask them to reschedule their meeting. I would have thought most of this was implied in the original post given the salary range, but apparently not. This is all a very highly calculated and conscious decision because I am aware of the immeasurable difference in his quality of life, which is not a trivial thing... however to normalize and make it easier to ignore (for him) I've turned it into a game. Thank you for any criticism you have about these "mental gymnastics," but really that was not the point I was trying to make here. + +Sometimes I send send him videos that are 6 minutes long of me headbanging at the office, or practicing my putting. Yes, we have a putting green at work. +I do hear many people talking about (and parroting) how the stock market is overvalued, and that more correction is needed. They cite pandemic highs, etc. However, the S&P 500 from December 2019, just before the pandemic, it was 3,200. If we apply an average annual return of 8% (which is not unreasonable to me) from then till now, the S&P 500 would be 4,030. So, why do some people still go as far as saying that it should be below 3,000 when the market was not even that low before the pandemic? Even at a return of 5%, it comes out to above 3,700. Perhaps I may be missing something. +Every downturn we hear calming voices telling us to keep investing because we’re “buying shares on sale” or “at a discount.” They seem to be suggesting that there’s a price they should be trading at, and will return to, but you can buy it for less right now. I question those assumptions and wonder if it’s more like a “sale” at your nearest big box store where it’s not really a sale, it’s just the new price owing to market factors. +If a share’s price goes down due to individual or market performance, isn’t that price largely set by trading among reasonably well-informed traders in contemplation of current and future potential? If I understand correctly, this is what the random walk theory is based on. Or is there evidence that 1) there’s a “real price” that shares should be traded at right now but fear or something else is suppressing it (discounting it) and 2) we can discern what’s discounted and what’s actually priced correctly? +Now, I am convinced that we should keep investing because time in market is important and timing the market is impossible. I just think this analogy seems flawed. What am I missing? + +Edit: Thanks everybody. For what it’s worth, I don’t need convincing to keep investing. I’m really only questioning the analogy that’s popularly used to encourage people to do so. What I’m taking away from this is it’s not a good analogy and people CAN succinctly articulate better explanations. + I'm 16 and I'm currently working a job at a restaurant only making 7.25 an hour plus tips, I'll start waitressing when the dining room opens up. My dad has cancer so therefore he isnt helping me buy my first car nor car insurance so I'm stuck with those payments. I'm trying to reach my goal of 1,500 to get a car and then save for the insurance. So far I only have about 430 saved up , I'm being very very frugal with my money. I'm expected to pay for my food, phone bill, insurance, gas, medical bills, etc. I've tried telling me parents that I cant do that on my own but they said they arent able to help me. I'm trying to get a 2nd job at Krogers hopefully making more then what I do now. I'm thinking about selling my clothes, even though I'm currently trying to sell one of my parents old trashed cars for 750 to save for my first car but it's not going the best. I just feel like this is impossible. I'm sorry if this didnt make sense, or sounds stupid, I just am stuck on how I should make more money. +**The Key to Success has Been Underneath Your Nose the Entire Time** + +The key detail that every new trader seems to miss is that volume ultimately controls price movements because the presence of adequate volume validates the price movement. If a price movement fails to be validated by adequate volume , then there is going to be an equal an opposite reaction. There exists a variable that satisfies both quantitative and fundamental analysts. That is the Volume Weighted Average Price ( VWAP ) and it is complemented by the Volume Weighted Moving Average ( VWMA ). When you do not consider the weight of volume in price movements, you are at the mercy of manipulative, high volume whales that seek to sink Simple Moving Averages ( SMAs ) during times of low volume in the interest of accumulation of the asset. + +VWAPs can be treated as the "true" price of an asset on any given resolution, but become less sensitive to change as you zoom out. These ever-shifting values can be treated as floors, in bullish times, and ceilings, during a bear market. You can always expect a "bounce" off of the VWAP in the opposite direction at least once as price attempts to cross over it. These resistance lines are useful to every audience, the soon-to-be long holders who would like to plan a decent entry, the short sellers trying to make a quick buck, and the swing traders who like to make money regardless of who controls the market. One should always keep in mind that price never strays too far from the VWAP before attempting to violently correct itself in the other direction. + +There is a measure of movement around the VWAP , which we'll call volatility , and it masks the true price of the asset and its direction. By following the VWAP , you can see accurately whether the asset is going high or low. I'm using these customized bands to look for long entries (in the green or below) and short entries (in the red or above) to make short term profits to be accumulated in my spot balances. Ultimately, by building your position you can ensure a long-term profit but it doesn't mean too much if one simply never takes profit. + +Longs can be slept on. Shorts must be monitored. Set a budget, craft a plan, and stick to it. Remember to remove your principal investment at some point to reduce your risk. + +In a bull market, buy at the monthly VWAP (Purple Line) and in a bear market, sell there. + +Happy Hunting!- Patch Hemlock + +[https://www.tradingview.com/chart/GME/ApPTU3cw-Keep-Your-Eyes-on-the-Volume-Behind-the-Movement/](https://www.tradingview.com/chart/GME/ApPTU3cw-Keep-Your-Eyes-on-the-Volume-Behind-the-Movement/) + +Proof of Institutional Use of VWAP: WATCH LIVE: GameStop hearing: Robinhood, Citadel and Reddit CEOs testify — 2/18/21 by CNBC Television on YouTube (Timestamp 4:55:34) + +EDIT: For any would-be quants out there, I've developed an open-source pine script to act as a springboard for you + +[https://www.tradingview.com/script/kJqBZ6s8-Realtime-All-Time-High-and-All-Time-Low-Tracker-WIP/](https://www.tradingview.com/script/kJqBZ6s8-Realtime-All-Time-High-and-All-Time-Low-Tracker-WIP/) + +&#x200B; + +Reposted due to automoderation of youtube links + +&#x200B; + +DECLARATION OF BIAS: + +purchased GME at $13 and AMC at $4 + +doubled down after the crash at $50 and $6 respectively + +never sold +Sometimes it feels like you just aren't doing enough and can't see the light at the end of the tunnel, so I thought it might be fun to share some stories of people you've met in your life who make terrible financial decisions. +Perhaps it's something large, or maybe lots of small things that add up. You know things like the girl you used to work with who thought a credit card was literally free money and didn't realise her parents paid it off every month. Or your old school friend who bought a new BMW because he could technically afford the payments on that apprentice salary. + +Note: I don't want this to get mean, just a way to share some stories and remind us all that we're doing a lot better than some others out there. +\>What is XIO?[https://xio.network/](https://xio.network/) a DeFi project, really lowcap (300k) it's very unlikely you heard about it before. + +\>What the fuck it does?It's made by the Zachary Dash & his team, mostly known for the very original idea of $BOMB.Now they are making a defi lending platform but the main difference is that interests are earned **UPFRONT** and not over a long period of time. It works for several coins - including ETH (highest interest paid is $LINK at the moment).They have stakedrops b/c the platform is aimed at decentralized crowdfunding!It's in Private Beta atm the moment (I have access and would say its \~80% finished).I'm convinced the project will skyrocket once it's going live & gets listed on a more mainstream exchange (UniSwap only at the moment)Tbh I haven't seen such an undervalued micro cap project in a while. + +\>Why should I have to buy?The uniqueness of a lending platform which pays you interest UPFRONT and better yet, your money supports startups in a decentralized manner! If you have or want to start a startup, definitely check it out. Even in the beta there are 2 startups using it already. + +\>Where to buy?It's only listed on Uniswap for now, but no worries. It's already in terms with $NexoFinance and $Bancor qua liquidity. + +Have a google, or check [xio.network](https://xio.network/) but be warned: this won't have a low mcap for long. + +&#x200B; + +&#x200B; +You know who they are, but I ain't trying to fight with automod this early. + +They tried it and it didn't work. It didn't fail hard enough to kill the hedges is all. + +Now they've moved on to directing filing lawsuits against SpaceX and NASA. + +Obviously I haven't dug into this at all. I'm going on what I've read about Tesla shorts, the recent lawsuits. But the pieces fit the pattern that's been described in the last 24 hours or so. I'm honestly a little blown away that it really could be THAT big, THAT evil. I didn't think there was anything that could still surprise me. +For a few years my wife and I have been considering leaving our jobs for some other experiences. And it comes out the company has offered both of us a neat early retirement package. Although we don't need it, it looks like a good exit point. + +I told her that we have more than enough -our current yearly expenses are 1.5% of our savings-, but she is a cautious person. She was leaning towards having one of us continue working. + +So we went to check with a financial adviser. He put the numbers in the magic program that gave us a 99% chance of having enough money, even doubling the expenses. I was not very surprised. My wife reaction was: "I retire, you do whatever you want". + +I'm a little torn myself. Thanks to financial independence my job has become more comfortable because I work on my terms, and I have chosen some interesting assignments because I could take risks. On the other hand it looks like my job could disappear soon, and a few years of work will make no difference on the quality of the rest of my life. + +We want to find some other jobs though, which at 50 years old will not be easy. We will see. + +We have done nothing exceptional. We have jobs that pay well (but not crazy well), we spend only on stuff that is important for us, and we like to get value for money. +Super bullish on crox, everyone on the planet wears them and will keep buying. Nobody wants a knock off which means crox almost has no other competition. +Almost no debt and they print net profits at an unbelievable growth rate. $CROX in relation to EPS is severely undervalued and I will continue to buy the stock. + +Curious who else is long term holding? Or who has doubts and what are the reasons? + +*edit* +Thanks for the input everyone 😁 exactly the discussions I wanted to see and some critical opposition that I can sit with, still long on $CROX but will only add a little more to my position until year end results , +Cheers +I have been going through some companies, I have seen that some were significantly undervalued-meaning at liquidation a considerable amount would be paid out per share. Most of which were large banks and other financial institutions. These companies have been undervalued by the market for quite some time, what are your thoughts on this valuation method and do you find these companies investment worthy? Given the stock price doesn't appreciate, and dividends are not paid out, or are very minuscule when they are [paid.](https://paid.In) Is cheap enough? +Hi everyone + +I would like to gauge opinions on what is the acceptable/good/desirable rate of return we/you should be looking for as an average for a given year. Or expect to be making. + +As a value investor, we are not looking at quick hits. But, stay invested over a long period of time. + +Thank you for your input. +Controversial, I know. + +Probably not a topic you should be throwing into a forum centred around value investing. However, I do often see value investors using basic technical techniques to determine buy & sell signals. I've often brushed off the idea because of my bias towards value investing but I am opening up to the idea if there are tools that could help aid my research (in some way). + +With that said, does anybody here use any technical analysis in their research? If so, would you recommend any sources to learn more about the area (complete noob when it comes to it) In addition, are there any technical indicators that you feel help that I should check out and what's your rational for using them? +Currently the stock price is sitting at $39.43. The price dropped dramatically today over an earnings report that was insignificant. Analysts have the stock forecasted around $53. They seem like a solid company with decent projected growth at 20% per annum for the next 5 years. Am I missing something or is this a buy tomorrow morning? Let me know what you think. +I know this topic has been covered in the past, but I'd like to get your latest thoughts as we sit today. + +Moderna currently has a PE of 5.4, they made $4.7 billion last quarter (beating estimates of $4 billion), they have $21 billion in advance purchase agreements for Covid vaccines in 2022, they have \~$18billion in cash to $650 million in debt, they have a current net margin of \~52%, they have a highly effective vax that has now been approved by the FDA for children......aaaaaannnnnd they have no other products besides their SPIKEVAX. Murky waters? + +Obviously a huge part of the buy thesis rests on how pervasive Covid continues to be and the need/demand for future boosters. I personally think Covid won't go away and we will continue to need Moderna's vaccine booster into the future. Remember, their product is one of the most effective and also isn't as challenging from a storage/shipping/administration standpoint as the competitors. However, with 67% of the US population already vaccinated, I don't think it's likely that the deniers/unvaxxed are likely to jump on Moderna's product in the future. What does this mean for the longer-term profitability of the SPIKEVAX and can the market grow? + +The next buy argument is that Moderna has proven the efficacy and potential of MRNA vaccines. Moderna is positioned to use their industry leading knowledge (and $18 billion cash pile) to develop new vaccines for other maladies. Currently $MRNA has Phase Three vaccine trials underway for cytomegalovirus (CMV), respiratory syncytial virus (RSV), and the flu. Any one of these gaining approval would be a huge boon for profits and for the stock price. Phase 3 Trials typically take 1-4 years and how likely one (or all) of these trials are to hit is beyond me. + +The bear case is pretty obvious. Moderna is a one-hit wonder and their only product may be running out of disease to treat. While MRNA vaccines were effective for Covid, they haven't (yet) proven to be successful for anything else. It's a value trap and Moderna may not be able to create any future vaccines. + +Personally, I lean more towards the bull case. I think MRNA vaccines are a huge leap forward in medical technology and I have faith that Moderna is well positioned to profit off of this medical revolution. With that said, I'm a newbie on biotech stocks and I'd love to hear from folks more knowledgable than me. Thanks all! +I believe I've heard this mentioned on this sub before. + +I'm personally far from being fatFI but I imagine that funding mid-high budget films would be awesome fun, and potentially very lucrative, for someone fatFIRED with spare time and a bit of liquid cash. Does anyone here have experience with this kind of thing or know how deals like that would be set up and finalised? + +Would it be a loan system paid back once the film hits box offices or would the individual give their cash outright and then own x% of all proceeds? + +Cheers all + +*I believe this would be fatFIRE relevant due to alternative investment topics though mods please feel free to delete if necessary* +The writing is on the wall. They can delay is for as long as they want but you don't want to get trucked stick when the train comes thru. + +China has already pulled their money from the stock market under the guise of "Tech Crackdown". China didn't all of a sudden change. They just pulled their money out. + +MSM is not transparent about reporting large China Property developers and affiliates not paying international bondholders. + +Supply Chain issues. So you may have product stuck on a boat, but how are you going to sell it. Car sales downs 32% last I heard from chip shortages. + +World renowned Bankers lying about "extraordinary demand" and future expectations of stock market when large population will be taking income from 401k's and pensions that are already underfunded. + +Inflation is on the rise which will reduce consumption and reduce savings. + +Margin at all time highs. So as stocks like Fedex, Nike, Fakebook and bonds suffer downside events collateral requirements may be breached causing downside shocks to other stocks. + +The unwinding can be devastatingly quick or a slow bleed. That's my take. + +Edit 1: [https://www.cnbc.com/2021/10/12/jim-cramer-says-the-stock-market-is-incredibly-confusing-right-now.html?recirc=taboolainternal](https://www.cnbc.com/2021/10/12/jim-cramer-says-the-stock-market-is-incredibly-confusing-right-now.html?recirc=taboolainternal) + +&#x200B; +My apartment has a tonne of halogen and cfl lights, and to ensure that I can afford my morning cereal in the winter, I’m thinking of changing to a series of LED GU10s and B22s. + +To my utter horror, almost all the bulbs I’ve looked at across a series of stores all seem to have energy ratings of F or G. Nothing better. + +Am I missing a trick here, or is it just pointless to think I’m going to be able to save any money on this? + + +EDIT: THANK YOU EVERYONE FOR ALL THE COMMENTS AND ADVICE. It's clear that this is a result of the change in the energy ratings in 2021 and that I better get LED bulbs with more than a 2 year warrantly. Really appreciate each and every one of you helping with this :) +Yeah it’s fun to all get together and hate on them, but they write their garbage such that if it spreads, even with hate and deep skepticism, it’s still getting eyes on it. This sub has been propogating MSM bullshit NON FUCKING STOP for the last couple of weeks. + +Stop it! Just stop! Yeah we see it, it’s easy to get together and outrage about, and that’s the point. Seems like y’all gotta be told this every month or so, so here it is. +To clarify I am already aware of the domestic abuse allegations as reported here: https://www.dailymail.co.uk/news/article-2962885/amp/Billionaire-Ken-Griffin-accused-throwing-bedpost-wife-Anne-Dias-Chicago-argument.html + +I also am aware that Ken Griffin is suspected of committing perjury as well as many other crimes as can be cataloged here: https://kengriffincrimes.com + +But I always learn best through repetition. So this post is an invitation to share all facts and speculations, including what is commonly known, about Ken Griffin of Citadel securities! Go! +All of this is general info, not specific financial advice, caveat, caveat, don't sue/ban, etc, etc. + +> - Hi, I want to invest [$X], but don't know where to start. Help? + +> - Hi, I just received [$X] from Uncle Bill. It's been sitting in my savings account for six months and I figure I should do something with it. + +You will probably want to begin investing in the stock market. Generally /r/AusFinance recommends you start at ~$5000, and leave your investment alone for a mid-long period (8+ years). Most of this sub is broadly against investing large sums into individual companies. Picking successful companies is a full time job, so most people are not equipped to do so. Nearly all experts like Warren Buffett [recommend the average investor](https://www.cnbc.com/2018/01/03/why-warren-buffett-says-index-funds-are-the-best-investment.html) invests in [index funds](https://www.investopedia.com/terms/i/indexfund.asp). It's a fire and forget investment you don't need to think about. Managed funds rarely beat index funds because the margins are low and the people who are [handling your money need to be paid](http://fortune.com/2017/04/13/stock-indexes-beat-mutual-funds/). + +The best available in Australia seem to be [Vanguard's suite](https://www.vanguardinvestments.com.au/au/portal/homepage.jsp) because of its low management fees. Most recommend Vanguard's [VDHG](https://www.vanguardinvestments.com.au/adviser/adv/v/diversified-ETFs.jsp), which is an index of index funds. It takes your money and spreads it across multiple markets, sectors, companies, nations, etc. This means that large fluctuations in economies, sectors or nations is evened out over time and your money is diversified, therefore risk averse. Your money will follow global market trends (which are unambiguously positive). Index funds nearly always outperform managed funds. Options other than VDHG are a [VGS](http://www.etfwatch.com.au/data-analysis/VGS) and [VAS](http://www.etfwatch.com.au/data-analysis/VAS) split. VAS is Australian centric though, so if you're already heavily invested here through super, savings accounts, property, etc, you might want to reduce your overall percentage of VAS. VGS is a global index excluding Australia, which makes it an attractive partner to VAS. Some people do 50/50 if they have no other investments. Others do more of a 60/40 or 70/30 VGS/VAS split if they have a bit more invested domestically. This should start your research along the right track. If you're unsure about some of these concepts, have a look [here](http://thewealthguy.com.au/managed-funds-index-funds-etf/). + +> - Hi, I've never had any money and I need to change that. Where do I start? + +The [barefoot Investor](https://barefootinvestor.com/) is a well regarded, Australian, personal finance book. The sub is largely positive about his advice and step by step approach, though his later steps get a little more ambiguous, especially around home ownership. It goes [pretty cheap](https://www.amazon.com/Barefoot-Investor-Money-Guide-Youll-ebook/dp/B01N79M1DS) and can be read in an afternoon - it constitutes a pretty good first investment. + +> - I just got my first job, where should my money be going? + +This sub supports maintaining a strong "rainy day fund", which should be able to tide you over for several months, though lengths vary depending on your situation (if you're 19 and can crash on your mum's couch, two months will be okay. If you have three kids and pets, 6 months is better). Calculate how much you spend per month and accumulate the appropriate amount into a high interest savings account. Commonly, the sub recommends against big banks who tend to not be the best value for money. ING, RAMS and UBank have great interest rates. The differences between these are negligible; the main point is to get away from places like the CBA who provide low interest rates and often still charge an account fee. + +After you have established a rainy day fund, your options are wider. Follow [this flowchart for general advice](https://i.imgur.com/NmP4zCu.png). Paying down debt is one of your main priorities (disregard HECS, it's not real debt). + +> - Hi, I want to buy a house but I'm scared of the impending housing crash I keep hearing about, what do? + +Yeah, the debate rages. To be logically consistent, this sub is against trying to time the market. The trend for property prices is certainly positive and there's a firm consensus that in the *long* term, property value will grow. The issue is how long it will take to recover if there is a crash. Some people speculate that there will be a slow decline in value, some say a crash. Both have convincing points. Both say property is overvalued. Others say there will be no decline or crash, which I find less convincing. The risk of buying a house right now is that it rapidly loses value in the next couple of years. Unlike most investments, it losing value may not actually effect you as an investor whatsoever if you're planning on living in it. If your plans are long term, you'll be insulated by the unstoppable march of market forces. If you're buying an investment property, consider your options. + +> - Hi, does anybody have any investment strategies other than index funds? + +- Peer to peer lending. There are many options available and it's not "sketchy" like it might sound. [Some companies](https://www.ratesetter.com.au/peer-to-peer-lending/why-ratesetter) have been able to promote themselves as never having lost a lender money. + +- Blockchain is not as widely discussed or promoted, with the consensus invariably being that Bitcoin [is a gamble](https://en.wikipedia.org/wiki/Tulip_mania), but blockchain has legitimate potential uses. Beware that you are not investing in a hype train. The general rule of betting is that for you to be profitable, you need to know more than the other competitors. Could you have a conversation about blockchain with a knowledgeable professional from the IT sector? If the answer is no, you are not qualified to judge which blockchain technology is profitable and you should act accordingly. It will be the investment equivalent of picking a horse based on the jockey's jersey. + +I will add to this depending on suggestions from others. + +**I will add questions, answers, amendments, adjustments, etc, if other /r/AusFinance contributors want to add some. This is a LIVE document, I'll work on it whenever somebody posts a really good answer in other threads.** + +We complain about all the VDHG questions every day but nobody has done anything to fix it. Here's my attempt. +Title says it all. We’re a family of seven. Before Covid we thrived without assistance ( besides the kids being on Medicaid, my husband and I have insurance through our jobs ). Sure things were hard sometimes but we could eat three meals a day and not have to worry about not having gas money to get to work. + +Then comes Covid and inflation. I work in a healthcare center so we deal with constant shut downs and hour cuts because of short staffing. Due to this, there are some checks I make a lot more than the next one. Gas is still over $4 in my city right now. Groceries are noticeably more expensive. My husband and I started skipping meals so the children could eat. We spent the last of our savings on a vasectomy for him ( $950 WITH insurance) because I got pregnant with my fifth child with an IUD implant and there’s no way we could let that happen again. We decided to apply for food stamps and we got denied and low and behold they decided to take the Medicaid from the kids too. So now we have to figure out health insurance for 5 kids, groceries, and gas to get to and from work. My car is falling apart and needs Repairs even though I spent $2300 in February fixing it only for it to act up again 6 months later. After our bills we probably have $200 a month left over for ALL of this. We both make over $20 an hour and are considered middle class but it sure doesn’t feel like it. I miss life before Covid. Another job isn’t an option for me because every job I’ve applied for in my field pays less than my current one ( I’ve been there over 7 years) and they also don’t provide the flexibility I need for my kids schedules and school pick up/drop offs. I don’t see how taking a pay cut will help at all. + +My husband and I are considering +divorce to be able to eat and afford insurance for the kids. I hate the dystopian reality we live in. I don’t want to divorce my husband but I have no idea what to do. I just worked a 12 hour shift and I’m starving but the kids need school lunches tomorrow. This is exhausting. + +Edit for Update: I’d like to thank everyone that gave me helpful advice! We are currently looking into applying for WIC as well as my husband got a call for a part time job that will hopefully work around his full time jobs schedule. We are also appealing the Medicaid decision as I believe they miscalculated our income. I’ve decided to disable notifications because a lot of people are berating me for having 5 kids, even though I’ve explained I’ve gotten pregnant on birth control, husband has a vasectomy now, and my first three came from an abusive relationship where I was trapped and almost died when I finally left. It’s pretty easy to judge situations you don’t know about, but I will never be upset when people vent about struggle because most of us have struggled at some point in our lives! I wish the best for everyone and hopefully financial burdens will begin to ease for everyone soon. Thank you all. + +Another Update: the part time job that called was actually my place of employment! They are currently offering a $3000 referral bonus. My manager is very hesitant to have family members working together but I’ve worked for him for almost 8 years and he knows I’ll continue to work hard and not let my husband be a distraction. It will be a great relief for him to get this job and we could use the referral bonus towards gas and groceries the rest of the year, possibly more if we stretch it. Hopefully things will get better soon. +Here's mine: + +Ever since my first job as a busser when I was 16 at a local Italian restaurant I've been saying "Man, I can't wait till I retire". Most of my co-workers, friends and family thought I was joking and just brushed it off with "Ha, you've got a while to go kid". At the time I was only halfway saying it ironically, but it was based on truth - a desire to not want to do crap I didn't want to do. + +Goofy Side note: I would be paid nightly in crumpled up $1 and $5 bills which I would take home and iron out so it wasn't a pain in the bank teller's butt. + +Anyhow, as I went through high school and college, I switched jobs a couple times, but always kinda had the same attitude - can't wait to retire - same responses from coworkers - was pretty good at saving and a novice at investing at this point. Didn't really have any goals with the money, but at least it wasn't being thrown away. + +Our first day of college, our professor had us stand up and rattle off a goal we had. I randomly said "to retire by the time I'm 30". She literally scoffed and said "well, you better not have any kids". Even though I was (mostly) joking, the way she said that really kinda pissed me off and only strengthened my resolve. + +One Christmas, i guess I was 19, my sister's fiance gifted me a copy of Rich Dad Poor Dad, which I view as the turning point in my financial life. It gave me a purpose of something to work towards. I know it's relatively shallow, but for introductory purposes, it fits the bill. + +So now I'm saving more and investing more, but still haven't been properly introduced to FI. + +A few years go on where not much new happens until I graduate from college and get my first job. On day 1, I joked with my mentor about retirement and he ended up sharing MMM with me and since then, I've had FI on my mind as a primary goal. + +Anyway, that's a little of my story on how I learned about FI - eager to hear yours. + +Edit: MMM = Mr Money Mustache +I decided to do this because I had seen it done for other brokerages here, and I followed the advice to do so with my own shares: + +https://reddit.com/r/Superstonk/comments/ttmujx/guide_to_receive_your_stock_dividend_in_brokerage/ + +For Computershare I haven’t seen a guide yet so I figured out how to do it on my own and figured I would share. + +1. Login to investor center on Computershare website on your desktop computer. +2. On the main portfolio page go to view details on GME +3. click on the Actions drop down menu +4. click on Reinvestment Options +5. select Full Reinvestment on All Shares and add your email address +6. click Next +7. click Submit + + +Congratulations. You have now guaranteed that you will get your dividend as DRSed shares of GME instead of cash. + +As others have stated here, this may not be necessary, but it doesn’t hurt either. I elected to keep mine. + +Edit: Fixed, I had instructions originally that had extra steps because I had already enrolled in the plan, but now I’ve removed those steps to reduce confusion. +AMZN reported a first-quarter loss of $3.84 billion, or $7.56 a share. In the first quarter of last year, Amazon reported a profit of $8.1 billion, or $15.79 a share. + +AMZN said Thursday that it expects second-quarter revenue to be in the range of $116 billion to $121 billion, below the average analyst estimate of $125.5 billion reported by CNBC. AMZN also reported that it lost $7.6 billion on its investment in electric vehicle maker Rivian. + +In a statement about the quarterly results, Amazon CEO Andy Jassy said the company is focused on improving productivity and cost efficiency, but that will take time as Amazon continues to deal with inflation and supply chain pressures. + +&#x200B; + +Amazon shares fell 12% on Friday morning after AMZN reported its first-quarter results, plunging to a two-year low. + +On Monday, Amazon shares fell more than 3% again, continuing to decline. + +[https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-first-quarter-results-0](https://press.aboutamazon.com/news-releases/news-release-details/amazoncom-announces-first-quarter-results-0) + +Did you buy Amazon stock? What do you think? +First off, shoutout to u/le_norbit for the post that highlighted the over-enthusiasm for NSCC-2021-006. + +[https://www.reddit.com/r/Superstonk/comments/n7qem3/rules\_still\_have\_to\_go\_through\_the\_approval/](https://www.reddit.com/r/Superstonk/comments/n7qem3/rules_still_have_to_go_through_the_approval/) + +I do agree that this regulation isn't the magic bullet that will initiate the MOASS. That being said, I don't agree that NSCC-2021-006 is just some random, meaningless corrections. + +\------- + +My theory comes from the conversations I've had with a close friend who is a lawyer. These conversations were from years ago, but they centered around the importance of wording in contracts. In one instance, my friend shared (without disclosing confidential information) of an instance where she was able to win a case for the company she worked for because a single word in a clause provided a wider interpretation than what was intended. + +Given the timing of NSCC-2021-006 and some of the specific changes that were made, I feel like this regulation is the NSCC's attempt to shore up any areas that may be used by the HFs to weasel their way out of their MOASS responsibilities. + +Case in point: + +&#x200B; + +https://preview.redd.it/grbqw8asjzx61.png?width=996&format=png&auto=webp&s=46182536a943d6e749b400760ebf6be07ecde1af + +Digging through the 006 document, the reason why the NSCC crossed out the part about the Interested Person's box is because the NSCC does not maintain any Person's box on the premises. And yet, this line was kept in all this time. From what I gather, this could be a legal loophole that could be exploited by Interested Persons to say, "I never got a notice in my box... because there is no box." + +&#x200B; + +https://preview.redd.it/2rvmehn8lzx61.jpg?width=620&format=pjpg&auto=webp&s=c18e28854f0a1eb707e71ac667424f6d974e4af2 + +Then there's this. + +&#x200B; + +https://preview.redd.it/vxvl6xnblzx61.png?width=978&format=png&auto=webp&s=bf4551fea27e87bf3068f77c3aac73445cdb1500 + +This is a seemingly small change from a lower case 'a' to an upper case "A". And yet, the change is significant because Affiliate is a defined term whereas affiliate is an undefined term. + +&#x200B; + +https://preview.redd.it/cirt7aqilzx61.png?width=977&format=png&auto=webp&s=de4de6801dbe9c4a934eb146808ee5a1376e4b9b + +TIN FOIL HAT TIME!!! + +These are just two examples of the small changes that were made that might go a long way of closing the legal loopholes that can be exploited when the rocket breaks through into outer space. This may also give credence to why the DTCC is dragging this out. As is suggested by all of the rule changes, the DTCC does not want to become the ultimate bagholder. They want to make sure that they're doing everything they can to pay as little as they can. + +That's why, for me, I see NSCC-2021-006 as just another part of that effort, and that is why I'm Jacques Tits. ([wikipedia entry](https://en.wikipedia.org/wiki/Jacques_Tits)) The MOASS has not been canceled, just delayed. The DTCC is making sure that every last penny is going to be wrung out of those who have been shorting GME. + +WE WILL GET PAID. + +Until then, please take inspiration from the man below. Belgium-born French mathematician Jacques Tits. + +&#x200B; + +https://preview.redd.it/8ydcl0sjnzx61.jpg?width=500&format=pjpg&auto=webp&s=950a3f58bcdeffcb8d04d0377956a9bc9a7d89f5 +Does this adage hold true? I see plenty of posts with such advanced TA, FA, and complex strategies to achieve abnormal returns, but why do any of those when you can just slap 5 30DTE 0.10 Delta bull credit spreads on your favorite ETFs and let theta do its thing for a week or two and collect 2-4 percent? + +Is all this active management worth it? Are the markets truly efficient? Seems like we are in a perpetual state of topsy-turvy land which could justify active management but is going to such lengths to execute these strategies worth it when there are simpler ways to make money? +Probably a lot of people already though about it and I'm late, but what do you think about it ? + +If they accept Elon's offer it will go to 54$ if they decline it will probably drop at least around 35-40$ (at least that's my thesis) + +So considering this, would you think a straddle is a good idea ? What can go wrong ? + +I would love to hear your opinion ! +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +I’m a 41 year old woman who has no idea how to manage the money I’ve inherited. I’ve purchased a home that’s affordable. I’ve earned 2 degrees in 4 years and haven’t had to work, just focus on school - just graduated and am about to take national test so I can go into practice. + +My problem is that I’ve got services, all online purchases, household utilities, apps, groceries, eating out, etc going straight to my credit card that automatically gets paid every month. I’m spending outside of my means and I need help going over my statements, identify where I’m spending, going over every charge to see what needs to change. I have horrible depression and anxiety. The statements comes in the mail and I don’t look at it bc it literally makes me ill, acknowledging my frivolousness. My bills are on auto pay so they’re paid monthly and I don’t do anything. I know this is inconceivable to a lot of you, which is why I’m here. + +My sister is a boss. She balances her checkbook all the time, uses quick books or some program so that she knows where every dime of her money is. I want to be like her. I know I can do it, I just need help getting organized to do it. + +I need someone who I can show, without receiving judgement, what I have going on with my finances, and say have at it, let’s work together and fix this mess. + +Please tell me this is possible. I need help. + +EDIT: thank you all so very much for your kind nonjudgmental words. My inbox is full of kind hearted, well meaning people offering to help me. And I don’t believe they’re scammers, nobody has asked me for any personal information. Might be trying to sell me bitcoin, but I’ve politely declined. I’m trying to reply back to the MANY messages I’ve received. Again, I want to extend my deepest gratitude to you all. I’m going to start by opening my credit card statement tomorrow and get the ball rolling with someone I’ve connected with. All because of you. + +Reddit man, whodathunk +If the earnings is really positive the stock price should go up. That leaves options ITM. Hedgies have been dipping the price every Friday right under Max Pain. + +So if we have a great Earnings Call and the price still dips. Cohen will have to take matters into his own hands and pull the trigger. + +This is one last chance to the SEC and the DOJ to do what's right. +The increase in cash rate will lead to higher cost of borrowing which will make us harder to take on mortgages to buy houses. On the other hand, the demand of houses may drop which may reduce the price of houses later next year. In this case, would it be easier or harder for us to get a house after the raise in cash rate ? +Just had a call from my mortgage broker letting me know that rates are increasing from 2.74% to 3.85 come next week. I almost fell off my chair and it makes me nervous to get into the market. +I would just be prepared, y'all. + +I am interested in real estate investments at some point in the future (although I'm more interested in "flipping" than renting), so I follow a few real estate forums. + +In general, it seems as if landlords are VERY upset about the moratoriums, etc. that are in place to prevent evictions. Many are already making plans for evictions as soon as they are legal. Etc. Many of them don't seem very sympathetic at all...they definitely have the "tenants should have at least some money in savings/they got a stimulus check/state+federal unemployment is a lot" mindset. + +I'd just be prepared, y'all. I know it's hard enough to pay rent during normal times, but I'd prioritize it if you can. Try to communicate with your landlord. "The date" when landlords can begin evicting people again is coming soon in many states. This is a scary time for a lot of people. Love or hate landlords, love or hate the rental "system," we all need a place to live. +https://fred.stlouisfed.org/series/PSAVERT + +On the average, the typical US Citizen saves 7%. However, COVID19 caused a massive change in behavior, causing savings rates to skyrocket to 20+%. As we come out of COVID19 however, the savings rate has overcorrected and collapsed to under 4% the past few months. + +I'm not quite sure what this bodes for investors. But it just seems very odd to me in general. I understand the savings rate coming down from the 20%+ ridiculousness, but 3% is near the absolute lows in our history. + +------ + +I also was looking into savings accounts / MMFs, to try to get a sense of how much cash is sitting out there. + +* https://fred.stlouisfed.org/series/TLAACBW027SBOG + +* https://fred.stlouisfed.org/series/MMMFFAQ027S + +* https://www.financialresearch.gov/money-market-funds/us-mmfs-investments-by-fund-category/ + +We can see the big jump in savings in March 2020, as COVID19 happened. I guess the good news is that as a society, our banks are pretty stuffed still. But I guess I was expecting more savings / more cash to be held as interest rates rose, and the stock market dropped by 20%. + +------ + +I'm not sure if I'm going anywhere with this, aside from it all being somewhat unexpected to me. Given all the tech layoffs and recession talk, I guess I was expecting "more fear" in the market. But I'm barely seeing any at all. It could be that some of these statistics are a bit slow to report (the MMFs is quarterly and last reported Q2 2022). But the savings accounts / savings rate is also lower than I expected. +I know their mortgage company and am about to come into a large sum of money. If everything does go successfully I would like to pay off their house or very close to. Can I just call their mortgage company with their information and send a check for their account? I cannot express the depth of their compassion/giving/help they have given me. Once this is paid they will have 0 debt and everything in their life besides utilities and health insurance will be paid off. + +Edit: thank you many for your advice and tips! If it matters they are both retired and worked for the state for their whole lives so they have a very good retirement. The last I asked my mom she didn’t know but she assumed it was around $98k left on the mortgage but mathematically it has to be less. I want to figure out how to find out their mortgage company without snooping so we will see what happens! I will update when I am sure + +Edit 2: I simply asked my mom where her mortgage is from, she told me I contacted them and I need their SS, which I can easily get. She continuously complained that she felt her mortgage would never end. It made my stomach go in knots. I am not able to pay it today but hopefully in the very near future. I am looking forward to it. +You need to pay for gas fees but there is no way to get ETH officially into your wallet without buying through FTX. Almost nobody is going to do that. + +That makes the whole purpose of community points useless, because 99% of all users wont get ETH in their vault address so they can't tip moons or do anything else with them. + +Reddit should have implemented a way to pay for fees in moons directly, e.g. by either using wallet abstraction or using a Layer 2 like zkSync that supports fees in tokens. + +Or they simply throw away the whole *Reddit only* mentality which is completely useless on mainnet anyways, and upgrade the vault to a regular ETH wallet and remove the limitations so people dont need to import their seeds to other wallets to actually do something with their tokens. +I've had the Sallie Mae rewards card (5% cash back on groceries, amazon, and gas) for 2 years and continually get 25+ dollars a month in rewards. + +I just received a notice that effective April 1 2017 the rewards will now only be 2% on groceries, gas, and utility bills. + +I know this card is VERY popular among this subreddit, so I'm looking towards you guys for comments and thoughts on what card you'll use now. +Before the Market opens, where do you check the News that might impact how the Market will move during the day? Where do you check what data or reports will be released during the day? + +Is there a website everybody goes to or is it yet another thing you gotta scrap for? +So about a week ago I went to cancel my monthly gym membership. No big deal right? Everything went fine and I was all done canceling in about 5 minutes. Well a day later I go to check my bank statement, and those fuckers decided to charge me for not one but TWO months (no idea why), right after I had went up and canceled. + +I immediately called up and explained, and now they are reversing the charges. + +Long story short, stay vigilant when you cancel a service, and if someone charges you and they shouldn't have, call and ask for a refund. + +Granted it usually ends up being a small amount, but over a lifetime it could add up to be well into the thousands that I've saved by staying on top of these kinds of things. +I have about $70k and increasing with inflation. Besides a reduction in salary if this ever increases are there any other reasons to pay it off if I were to come into possession of a lump sum? +They take it into consideration when applying for a loan too but more so servicing.. +Hi /r/bitcoin, + +Here to talk about ideas relevant for bitcoin as well as cryptocurrency more broadly. + +1) [ChainAnchor v9](http://static1.squarespace.com/static/55f6b5e0e4b0974cf2b69410/t/5717e2350442622ecf2d8739/1461183029767/ChainAnchor-Identities-04172016.pdf) + +2) AML and KYC on Bitcoin, and the Windhover principles. + +3) The broader context of AML & KYC. + +4) Regulation of digital currencies. + +5) The role citizen communities, academia and private industry can play, in collaboration, in framing the debate. + + +If you want to talk about earlier versions of ChainAnchor's writeup or questions we've already addressed in this sub, we suggest reading this [FAQ](http://static1.squarespace.com/static/55f6b5e0e4b0974cf2b69410/t/571eae5327d4bd30bfa8dfb6/1461628499957/ChainAnchor-FAQ-April2016.pdf) + +Participating from MIT Connection Science will be: + +* David Shrier, Managing Director + +* Thomas Hardjono, CTO + +* John Clippinger, EIR + + +Our [earlier thread](https://www.reddit.com/r/Bitcoin/comments/4givro/upcoming_ama_mit_connection_science_team_will/) collected questions and we will pull from there to get started. + +We also note Joi Ito had an interesting blog post about [AML/KYC and cryptocurrency](http://pubpub.ito.com/pub/dmca-drm-aml-kyc-backdoors +). Our view is that if you don't engage regulators early, they will regulate without consulting you...forewarned is forearmed. + +So Ask Us (almost) Anything! + +edit: posted earlier thread link + +Edit2: post was stickied while I was in dentist chair. Will start going through the questions. + +Edit3: ok, after coming back for 2 more hours of questions, I'm going to watch John Oliver. There was one outstanding question I will ask Thomas tomorrow. + +Edit4: answered for another hour. Two items to check with Thomas. Thank you for those of you who posed serious questions or comment. AMA now closed. +I've seen arguments that state allowing the government to invest the money for you for 30 years will return a smaller percentage than if you did it yourself but the counter-argument I've seen is that if you let the government do it the starting capital is larger because it isn't pre-taxed before investment, something that would happen if you did it yourself. Which is the correct answer? Also, if you want to take it to the next level, with the annuity, you get money every year, which you can also invest back into something which would increase your net worth at the end of 30 years. With those taken into consideration, is the cash option still the best option for those who are extremely greedy and want the most they could possibly have after 30 years? If you want to crunch the numbers and do the math, here are the numbers for the next lottery jackpot. + +Assuming no state tax: + +Cash option (after federal taxes): + +$687,724,000 + +Annuity per year (after federal taxes, per year, listed in order): + +1 $18,302,545 + +2 $19,217,673 + +3 $20,178,556 + +4 $21,187,484 + +5 $22,246,857 + +6 $23,359,201 + +7 $24,527,161 + +8 $25,753,519 + +9 $27,041,195 + +10 $28,393,255 + +11 $29,812,918 + +12 $31,303,563 + +13 $32,868,741 + +14 $34,512,179 + +15 $36,237,787 + +16 $38,049,677 + +17 $39,952,160 + +18 $41,949,769 + +19 $44,047,257 + +20 $46,249,620 + +21 $48,562,101 + +22 $50,990,206 + +23 $53,539,716 + +24 $56,216,701 + +25 $59,027,537 + +26 $61,978,914 + +27 $65,077,860 + +28 $68,331,752 + +29 $71,748,340 + +30 $75,335,758 + +Total: $1,216,000,002 + +So when comparing your final cash option investment after 30 years to the total value of the annuity, you'll need to factor in how much you'll have AFTER being taxed again when you "withdraw" from your investment to be a fair comparison to the 1.2 billion dollars. + +I’m looking for some of the economic arguments that support closing the borders — specifically the Southern border. + +From my perspective, the only thing I can think of is that immigrants may be inclined to send money back to their native country and take it out of local economies, but on the large scale, I can only see positive arguments: + +1. There is a labor shortage. Nearly every US business is struggling to get help right now. More people willing to work creates a more productive and efficient economy. + +2. Immigrants are likely to take blue collar and labor intensive positions. The US labor market has transitioned into a professional, educated workforce. We have more college graduates than ever before, and there are less and less people willing to take positions in farming, construction, manufacturing, etc. First generation immigrants are willing and often grateful to fill these positions. Some services cannot be outsourced. + +3. Illegal immigrants pay taxes without receiving the benefits. Illegal workers still pay taxes — FICA, FUTA, SS, MEDICARE, etc. — and don’t receive or are less likely to collect the benefits of their contributions. The ethics of this aside, this is a reality, and arguably makes a positive impact on struggling programs like Social Security. + +These are the main things I can think of. What are the real economic impacts of immigration and what are some counterarguments that support a closed bored? +Hi. I live in Massachusetts. The unemployment rate is 3.5% and the participation rate is 65.6%, which are both better than the national averages. + +However, I pass by probably hundreds of businesses a day with signs on the windows saying "we're hiring," "staff wanted," and "need help". I don't remember seeing these this much in the past. Never mind the unlimited amount of job postings online in the area for high skilled jobs. + +Are there not enough people out there to fill these roles? What are the negatives of having too many jobs available? Could a recession trigger from something like this happening? + +I feel like workers and owners maybe do too much now, and if they can't find more workers for these roles, the production would go down after being worked so much where they can't do it anymore? Is that possibly true? +Take for example the Indian movie industry. it churns out star kids one after another and yet some of them become successful later in their careers.i want to know the talent/economic loss and any future predictions to any such industry which indulges in nepotism. +I've never understood this as a viable concept. + +The idea that making the rich rich and create extremely wealthy companies would trickle down to the middle class seems absurd. Businesses exist to make money, how would this translate to the middle class? + +&#x200B; + +It seems incredibly naive to me. Hope you can shed some light. +If someone is willing to trade me a $300 washing machine for $100 worth of soy beans, how is that not a good deal. I would be running a trade deficit with them of $200 right? Put another way, I got a washing machine at 1/3 the price. +[India has an annual GDP in nominal terms of ₹166,606,584,639,500, which is about $2.23T a year.](https://commodity.com/debt-clock/india/) However, [according to Wikipedia, their PPP GDP per year is much higher at about $8.1T per year.](https://economictimes.indiatimes.com/news/economy/indicators/india-retains-its-position-as-3rd-largest-economy-on-ppp-basis-for-2017/articleshow/76532262.cms) + +So here are my questions: + +* Since PPP GDP is a better measurement for a nation like India to assess it's economic output, is there a better measurement for its debt levels, such as the DEBT/PPP_GDP or PPP_DEBT/GDP? +As seen in the recent Twitter aquisition by Elon Musk, the Twitter board on behalf of the the shareholders decided to sell all of its common stock to Elon. Can company boards really take decisions like this? And what if a shareholder doesn't want to sell its stake in a company? Is the even how it works or am I missing something? +I see a lot of people talking about how horrible it is that he made it SO much harder for families to get an FHA mortgage now, which I agree sucks...but does it really make it THAT much more difficult? To me, it seems that .25% (or an average of $500/yr) doesn't seem like a huge difference. Also...I can see why people dislike that, but is there any reason why he did it? +I don't know much of economics, so if someone can clear this up why it is or is not in fact as bad as everyone is making it out to be. I feel like while a .25% cut would be nice, and I am sure that would have been the difference for some families getting a particular home or not, was there a definitive reason why he chose to cancel the mortgage cuts? +Once upon a time I read Menger and Mises and was persuaded by their rationalistic arguments from first principles. The use of _ceteris paribus_ and deductive reasoning seemed to make a lot of sense to me. However I had this notion beaten out of me by my Econ degree and repeated temp bans from Econ subreddits any time you reference Menger as a source. Then yesterday I was reading a highly upvoted comment in this sub replying to a question about the demand curve sloping downward, where the answer relied solely on a priori _ceteris paribus_ reasoning, and just outright rejected the notion that any empirical evidence or study could possibly refute the deductive reasoning that demand curves slope downwards (or are horizontal). There was a similar comment I read weeks ago about how stagflation _cannot_ exist in the long run because it violates the a priori deductions made by the philips curve. I believe the very mainstream economic history argument is that the 1970’s stagflation was the long term result of old-Keynesian policies being pursued in the half century leading up the stagflation. It is confusing to me that macro Econ profs in this sub genuinely argue that stagflation isn’t real when it has been found at many different times in many different areas of the globe. How can economics on the one hand reject deductive reasoning while on the other using it to batter away any empirical evidence that refutes (or challenges) its models? Where is the line of demarcation when it is okay to use a priori arguments and when these will get you banned for “Austrianism” or what-have-you. +It seems like if the only way to expand the core money supply is to purchase loans (bonds, MBS, etc) that will get paid back to the Fed with more cash than the Fed spent (given interest) that this would imply over that time frame (of 10-30 years) that all money supply injected into the economy would get re-absorbed back into the Fed. Which would mean the money supply wouldn't grow over the long run unless the fed constantly increases the size of its balance sheet forever. This doesn't appear to have been the case historically, so how is it that this doesn't create long term money supply problems? + +Lets say the fed wants to increase money supply by 3%, and so spends (I'm making this up) $1000 of new currency on 2 year t-bills with 1% interest. In two years, that $1000 dollars plus the extra $10 gets paid back to the Fed - unless they sell it in which case they get the $1000 back anyway. In both cases the money supply did not increase and in the first case it actually shrank. + +Obviously, that would be highly deflationary unless the fed had to increase its balance sheet forever, and isn't what actually is happening, so what am I missing here folks? + +Thanks +I personally come from a philosophy/political background, two big resources for philosophical information online are the SEP (Stanford Encyclopedia of Philosophy) and the IEP (Internet Encyclopedia of Philosophy). They're generally well sourced and well written by those in the field. + +So are there any equivalent resources for economics? +This may be a really dumb question - I'm very much an economics layperson but as I type this I can guess at some of the protective mechanisms that would prevent the scenario I am describing, but bear with me here because my underlying question stands! + +So I was thinking about exponential growth and was considering as a thought experiment; what would happen if I had a large percentage of the total money in circulation within my country in a bank account earning interest? + +My guess is the economic theory would be that to earn interest the money loaned has to be creating market value to support the interest paid, and while that may be true in some cases - could it not also be true that my the interest I am being paid is money that the business would otherwise be spending in the open market? Does it not then follow that because business A spends less, business B earns less and increases prices on product C? + +I would see this model as essentially constraining money flowing in the general market with inflation acting as a 'buffer' reducing the impact of the money directed towards held assets. + +There is a theory around 'printing money' that suggested inflation would only occur if the money on circulation outstrips the production capacity for that country - to me that would make perfect sense, wealth allocated to assets is effectively money diverted away from the 'normal' economy so the need for some countries to create direct stimulus packages is actually just a response to access to money no longer aligning with the actual 'value' of goods purchased. Growing wealth inequality would also be a direct consequence of constraining the market to allocate value to assets. + +I may be way off the mark but found the idea interesting enough that I want to know if it could potentially have any merit if I were to give it more though - thanks in advance for any responses. +https://techcrunch.com/2019/07/08/richard-bransons-virgin-galactic-will-be-the-first-publicly-traded-company-for-human-spaceflight/ + +"The company will be listing its shares on the New York Stock Exchange through a minority acquisition made by Social Capital Hedosophia; the special purpose acquisition company created by former Facebook executive Chamath Palihapitiya as part of his exploration of alternative strategies to venture capital investing as the head of Social Capital — according to a report in The Wall Street Journal." + +Given all the discussion by a fair amount of people here on space flight/exploration, I'm guessing there will be a fair amount of interest on here. +Guten Morgen to this global band of Apes! 👋🦍 + +What a way to start the week! Watching the entire market bleed red, but the SHFs desperate to drive GME down even faster than the rest of the market was spectacular. They are truly living on the edge of a razor, and with their collateral's value so volatile they are on the very edge of failing a margin call. Seeing the rumor shared by u/dlauer about Melvin's awful month (so far!) and we are truly living in exciting times. Either way, seeing such a dramatic drop followed by such a rally is highly unusual. + +Will we see continued dips today? Will the T+2 date deliver? How many more shares can we DRS to safety before the end of GameStop's quarter? I cannot wait to see! If dip is on the menu today, I will be buying (again). I cannot help but feel like we are on the very edge of the MOASS, and our Diamantenhände *now* show how well our Diamantenhände will HODL *during* the MOASS. Fidelity's order ratios show just how tightly we're HODLing the float, and I cannot wait to see what they do when they have to close their short positions and nobody is selling. + +Reddit itself has had a lot of downtime recently, so I'm just adding a quick note that *nothing changes* if Reddit is down. If you liked the stock when Reddit worked, then why would you panic sell when Reddit goes down? If you're cut off from this community of Apes when the MOASS begins, think inwardly on what your exit plan was all along. We do not know what dirty tricks they'll throw at us this time, but remember that you have a precious resource that they can only obtain from you when you decide to sell it to them. Don't let their FUD change how you value your investments. + +Today is Tuesday, January 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$96.08 / 85,00 €** *(volume: 2906)* +- 🟥 115 minutes in: $96.07 / 84,99 € *(volume: 2694)* +- ⬜ 110 minutes in: $96.10 / 85,01 € *(volume: 2570)* +- ⬜ 105 minutes in: $96.10 / 85,01 € *(volume: 2525)* +- 🟩 100 minutes in: $96.10 / 85,01 € *(volume: 2493)* +- 🟥 95 minutes in: $96.08 / 85,00 € *(volume: 1870)* +- 🟥 90 minutes in: $97.38 / 86,15 € *(volume: 1715)* +- 🟥 85 minutes in: $97.86 / 86,58 € *(volume: 1022)* +- 🟥 80 minutes in: $98.02 / 86,72 € *(volume: 907)* +- 🟩 75 minutes in: $98.12 / 86,80 € *(volume: 820)* +- 🟥 70 minutes in: $97.97 / 86,66 € *(volume: 771)* +- 🟥 65 minutes in: $98.01 / 86,70 € *(volume: 767)* +- 🟩 60 minutes in: $98.22 / 86,89 € *(volume: 729)* +- 🟩 55 minutes in: $98.08 / 86,76 € *(volume: 718)* +- 🟩 50 minutes in: $98.00 / 86,69 € *(volume: 636)* +- 🟥 45 minutes in: $97.89 / 86,60 € *(volume: 618)* +- 🟩 40 minutes in: $97.90 / 86,61 € *(volume: 617)* +- 🟥 35 minutes in: $97.76 / 86,48 € *(volume: 612)* +- 🟩 30 minutes in: $97.79 / 86,50 € *(volume: 585)* +- 🟥 25 minutes in: $97.69 / 86,42 € *(volume: 554)* +- 🟥 20 minutes in: $97.81 / 86,53 € *(volume: 539)* +- 🟥 15 minutes in: $97.83 / 86,55 € *(volume: 487)* +- 🟥 10 minutes in: $98.06 / 86,75 € *(volume: 318)* +- 🟥 5 minutes in: $98.17 / 86,84 € *(volume: 234)* +- 🟥 0 minutes in: $98.25 / 86,92 € *(volume: 220)* +- 🟥 US close price: $100.15 / 88,60 € *($98.00 / 86,69 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1304. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +ORIGINAL POST HERE: http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/ + +There were a few people who had asked for an update on my original post (if anyone even remembers it by now...), apologies that it took so long. I was waiting on the update post until the situation was actually resolved, and that didn't happen until today... finally. + +**tl;dr - I got the bonus back, read on for details** + +Brief recap of my situation - gave notice on 12/29, got a 4k end of year bonus with my paycheck on 12/31. Employer took the full amount of the deposit out of my bank account, and wrote me a check for normal salary, as their way of taking back the bonus as they learned I would be leaving the company in January. + +What happened since: I did decide to follow through and work out my remaining two weeks. Some people advised me not to, but at the end of the day, I didn't regret it. When I left on the last Friday, my boss gave me props for the way I handled things and promised a glowing reference if I ever need one in the future. I figure that's probably a pretty good thing to have, as that place was my first job out of college. I'm sour at the company but glad I still have the important bridges intact with my boss/co-workers. + +A big help to me was [the excellent reply](http://www.reddit.com/r/legaladvice/comments/2qx15p/crosspost_rpersonalfinance_va_gave_my_2_weeks/cnaokhx?context=3) I got from /u/proselitigator on /r/legaladvice, which talked about the rules for Direct Deposit transfers and in what cases they are reversible. The company had reversed the transaction as if it was an error, but the original deposit was clearly not an error based on everything they had told me. + +So I called around a bit, and as it turns out, one of my family members knows someone that happens to be an attorney in VA. This generous fellow offered to write a letter on my behalf to the company, protesting the removal of money from my account. That was delivered on the morning of my last day at work. So that afternoon I had a nice sitdown with my boss and the CEO, and we all discussed our feelings. I expressed my disappointment with the company's actions (shoutout to /u/carsgobeepbeep for [this excellent summary](http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/cn9pc9i) on the OP - I used these points almost verbatim). The CEO said a lot of things about how they viewed a bonus as half-reward, half-incentive, and therefore they were willing to offer me half. I expressed that I didn't feel that them changing their minds gave them the right to take the money out of my account, but they stood pretty firm on half and said to call them when I made up my mind. + +For a myriad of reasons, I wasn't really inclined to take the offer of half. Mostly because the company kept dodging the matter of how and why they removed money directly from my bank account. So the past month has been a on-going exchange of emails between my lawyer and the company's on-staff counsel trying to get them to answer on that subject. Finally, they caved and sent a check for the full amount (sans taxes, etc) to my lawyer's office. I'll be picking it up tomorrow. + +If anyone is curious as to what we would have done if they hadn't agreed to return the full amount: Small claims court would have been the way to go, according to the lawyer. Don't know what the chances of success would have been, glad I don't have to find out. + +Huge thanks to everyone that commented on the OP. A lot of people keyed into the fact that I'm young and new in the workforce, and I really appreciated people taking the time to help a newbie out. I've definitely made some naive moves so far in my career - giving notice right before the end of the year, thinking that a company cares about me, etc., but live and learn I guess. + +Now I guess I'd better be off to the wiki for a little dose of "I have $X, what should I do with it?" +I’m 23 years old making around 60k a year and have about 12k sitting in the bank. I hate that it’s just sitting there and everyone always says to invest and I have no idea dad left at a young age so I really have no one to ask. I’m really looking to invest in an index fund or a stock with dividends. I really have no financial knowledge so anything helps. + +Thanks in advance! Cheers. +Need a career change. Something that pays extremely well, i dont care what it is, im open to everything. Would love to hear your thoughts/experiences. + +Edit: could you all please add specific courses as well as avg salaries if possible? Thank you i really appreciate it😃 +Signs of a market bubble by Peter Lynch + +“In the **first stage** of an upward market – one that has been down awhile and that nobody expects to rise again – people aren’t talking about stocks. In fact, if they lumber up to ask me what I do for a living, and I answer, ‘I manage an equity mutual fund,’ they nod politely and wander away.” + +&#x200B; + + In **stage two**, after I’ve confessed what I do for a living, the new acquaintances linger a bit longer – perhaps long enough to tell me how risky the stock market is – before they move over to talk to the dentist. The cocktail party talk is still more about plaque than about stocks. The market is up 15 percent from stage one, but few are paying attention. + +&#x200B; + + In **stage three**, with the market up 30 percent from stage one, a crowd of interested parties ignores the dentist and circles around me all evening. A succession of enthusiastic individuals takes me aside to ask what stocks they should buy. Even the dentist is asking me what stocks he should buy. Everybody at the party has put money into one issue or another, and they’re all discussing what’s happened. + +&#x200B; + +In **stage four**, once again they’re crowded around me – but this time it’s to tell me what stocks I should buy. Even the dentist has three or four tips, and in the next few days I look up his recommendations in the newspaper and they’ve all gone up. When the neighbors tell me what to buy, and then I wish I had taken their advice, it’s a sure sign that the market has reached a top and is due for a tumble. + +&#x200B; + +Known as the 'Cocktail party theory' by Peter Lynch (From one up on wall street). + +&#x200B; + +I personally believe we are entering stage 3, would enjoy hearing others impressions / stories. I personally have had a few friends exclaim how the stock market is 'easy money'. They have been in the market less than 6 months, everyone's a genius in a bull market... +Saw a post on here & it got me thinking (kind of freaking out too if im honest) & would love some of your thoughts. + +* 23 M/F (married) + +* I'm a self employed PT (50k~ salary with room to grow) + +* He's a farmhand (41k salary, he's looking for new work but its a slow process unfortunately as he has no qualifications & only other experience in cafe's) + +* We live in Western Sydney with my parents, its pretty much impossible to find a house under 600k unless we move out towards Hawksbury/Blue Mountains which we don't want to do as I work closer to Blacktown (split shifts.) + +* Current joint savings at 110k (i'm expected to pay around 7k tax in July though) & 1.5k in stocks + +Our goal is to buy a house by the end of the year, but with prices of sydney housing its seeming like we'll never be able to find a house at our goal price of under 550k within the area we need to (probably cant go further than Windsor). We don't want to have to take out a higher mortgage & struggle, our friends have done just that & all they do is work & sleep to be able to afford it- theyre miserable. + +Moving interstate isnt an option as his mum has cancer & we dont want to leave friends & family. + +Are we kidding ourselves? Should we just keep waiting, saving & pray that housing prices go down? Sorry if this seems inarticulate, I have ADHD & I'm pretty dumb with all this stuff. Feel free to ask questions. + +edited just to format better +I'm 30 and rent an apartment in a relatively small city, and i'm just now starting to realize how royally \*\*\*\*ed I am if i'm not able to own a home soonish. Curious if i'm thinking about this wrong but I'm essentially paying rent vs a mortgage payment, the difference being that the mortgate payment is towards equity in a house versus rent being towards a landlord. Hypothetically you buy a home, pay mortgage payments for X number of years, by the time you retire you're just paying the cost of upkeep versus if you rent you would be paying rent for life. + + +I have an ok job but don't make a ton of money and I feel like buying real estate is just so prohibitively expensive. Not only are housing prices extremely high, but mortgage rates are now also high. I just feel like i'm financially screwed in a way... +I came from a very tough background. So, not only have I made myself worth a few million but I have a pretty lucky and uncommon rags to riches story so far, and the future is bright as I’m a few decades from retirement age. + + + +I say that just to say that… imagine how happy it makes the average person to feel success career/financially on this level. Then start from a very rough unlikely beginning, I’m even happier than the average person would be with a good financial life. I feel like I’ve lived some pretty extreme downs (the beginning) and some extreme ups (the last 10 years of my life). I pinch myself a lot. + + + +On top of that, I feel very happy with my family situation, and even happier with my social circle situation. I love my friends and I’m lucky enough to see them a good amount. I’m the host when it comes to friend gatherings, that makes me happy. I have nice stuff, I can afford to give nice stuff to others, I’m happy with my hobbies, I count my lucky stars every day knowing what I came from. + + +I just don’t exactly know what to do in life. I think my happiness has been maxed for years. The only thing I really truly want is more life. I wish this lifetime would last about a thousand years. + + +Has anybody here been in my shoes and when did that change? Did it ever change? Why? +Anyone get divorced during their FATFIRE journey? If so what was the effect? Hopefully it won’t happen but it’s a possibility for me. Income and assets are all from me - but it’s a community property state so likely cutting assets in half, but expenses also decrease (at least in theory). Any advice on how to minimize how much this de-rails my journey? My current thought is to try and avoid alimony via a settlement of some kind, suck up the loss and double down on earning to catch up +With Apple approaching a 3T valuation and others megacaps not far behind (MSFT, AMZN, TSLA), is there a glass ceiling on how much a private company could be worth? + +Apple has gained 33% annually from 2011 to 2021, if that trend continues, Apple would be a \~75 trillion cap company by 2031, more than double the entire projected US GDP by 2031 (33T) + +I guess the question is, with mega cap valuations this insane, how much room is there for continued growth without running into anti-trust and other regulatory issues? + +That being said, is it better to look at small and mid caps for growth in the decades ahead? +I'm a newbie in algotrading and testing out different strategies with historical data, but I'm having trouble defining highs and lows for trend identification. Is there any mathematical definition to highs and lows like marked in the below picture? Is there a good way to draw these lines programmatically? I'm using Python and Pandas if that helps. Thanks! + +https://preview.redd.it/43h2nhwkh3w61.png?width=602&format=png&auto=webp&s=77f55bef31b1b8dc601275fdad8d6eb5e26d902f +I've been building a crypto-trading bot network for quite a few months now. It's stable and doing pretty well. Two weeks ago I started a project where I gave a few bots $100 each and each week I review what happened, making a short YouTube video from the week. + +I show the charts and bot's trades, as well as the parameters I adjust every day or so, to optimize the bots' performances. I show some code and backend work here and there to share what I'm building and why. + +I'd like to share with my fellow Algo Traders, Software Developers, & Trading/Crypto Geeks. However, I see in the community guidelines that posting my weekly video updates here is a "no-go". Where can/should I post to share this journey with folks that want to see it? (ie. other sub-Reddits?) +https: (two forward slashes) www dot cnbc dot com (slash) id (slash) 44184957 + +SEC Files Were Illegally Destroyed: Lawyer + +Edward Wyatt|The New York TimesPublished 1:26 AM ET Thu, 18 Aug 2011 Updated 1:49 AM ET Thu, 18 Aug 2011The New York Times + +>An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators. +> +>The destroyed files comprise records of at least 9,000 preliminary inquiries into matters involving notorious individuals like Bernard L. Madoff, as well as several major Wall Street firms that later were the subject of scrutiny after the 2008 financial crisis, including **Goldman Sachs,** **Lehman Brothers, Citigroup** and **Bank of America.** +> +>The S.E.C. is the very agency that is charged with making sure that Wall Street firms retain records of their own activities, and has brought numerous enforcement cases against firms for failing to do so. +> +>The agency’s records were routinely destroyed under an S.E.C. policy, since changed ***(\*do we believe this? HA)***, that called for the disposal of records of a preliminary inquiry that was closed if it did not get upgraded to a formal investigation, according to Congressional records and people involved in inquiries into the matter. +> +>The agency believes that both the original policy and the new rules comply with federal document-retention laws. +> +>John Nester, an S.E.C. spokesman, said that while the agency was not required to retain all documents, it changed its policy last year regarding destruction of files for “matters under investigation,” the category of initial inquiry by the S.E.C.’s enforcement division that is the subject of the current scrutiny. +> +>Changes were made to the S.E.C. policy after questions about the document destruction were raised in early 2010 by Darcy Flynn. +> +>Mr. Flynn, an employee of the S.E.C.’s enforcement division for 13 years, began a new job in January 2010 helping to manage the disposition of records for the division. +> +>Mr. Flynn, who continues to work at the S.E.C., has sought protection under federal whistle-blower laws. +> +>The document disposal, which was first reported by Rolling Stone magazine on Wednesday, is the subject of inquiries by the Senate Judiciary Committee; the National Archives and Records Administration, which oversees laws governing federal agency records; and the inspector general of the S.E.C., according to the records and to people involved in the investigations. +> +>In addition to whether the document disposal violated federal laws about government records, officials are concerned that the S.E.C. policy might have hindered later investigations into the same people or companies or covered up wrongdoing. +> +>“These records may contain critical information that could be extremely useful in piecing together complex cases, even if not immediately pursued,” Senator Charles E. Grassley, an Iowa Republican who is the ranking member on the Senate Judiciary Committee, wrote in a letter to the S.E.C. on Wednesday. +> +>Mr. Nester declined to comment on Mr. Grassley’s letter or on a letter to Mr. Grassley from a lawyer for Mr. Flynn that laid out the allegations in detail. H. David Kotz, the S.E.C. inspector general, said that he was investigating the issue and hoped to complete a report by the end of September. +> +>A spokesman for the National Archives did not respond to requests for comment late Wednesday afternoon. +> +>The National Archives wrote to the S.E.C. last year, saying that it “appears that there has been an unauthorized disposal of federal records,” and asked for further information, according to Mr. +> +>Flynn’s chronology. Mr. Flynn said that S.E.C. officials discussed whether to lie about the document destruction because they might be open to criminal liability. +> +>Unlawful and willful destruction of federal records is punishable by up to three years in prison. +> +>The S.E.C. replied to the National Archives in a letter, saying that it was “not aware of any specific instances of the destruction of records” that should have been retained. +> +>It added that it “cannot say with certainty that no such documents have been destroyed over the past seventeen years.” The letter from Mr. Flynn’s lawyer said that the old document destruction policy gave S.E.C. officials assurance that if they closed an inquiry without upgrading it to a formal investigation, there would be no record of their actions. +> +>It is common for S.E.C. employees to leave the agency for the private sector and then begin representing clients before the agency. +> +>Mr. Flynn contends that the practice increases the likelihood that S.E.C. investigators could do undetected favors for former colleagues and their clients by quashing investigations. +> +>Whether that revolving door led to the closing of an investigation in 2001 involving Deutsche Bank and the destruction of the files is part of the investigation by the S.E.C.’s inspector general. +I have been learning how to trade for quite some time now, and a few days ago, some things just started to click after I started to pay close attention to market structure, and it's interaction with various timeframes. + +That moment of finally making progress after hundreds, if not thousands of hours spent, almost quitting, and even taking a break... + +And then finally making a breakthrough is probably one of the most satisfying feelings ever. + +I was wondering if you guys remember that day and have stories about it, that would inspire those still learning! + +Thanks for reading :) +I’m currently reading The Art of Currency Trading by Brent Donnelly. I’m really impressed with it so far and think it’s fantastic. I’m curious what others think about it because I don’t see it listed in the FAQ and I couldn’t find any discussion of it in the sub. Has anyone else read this and have any opinions on it? +I have been trading full time for near two years now and in the last couple of months I feel I have really got a grasp of it. On average my weekly return is 3% and my confidence went through the roof. This week my first trade was audnzd short with a 1% stop loss. Sure enough the aud has been very strong this week and the trade wen against me. I then broke a huge rule and moved my stop... 3 times! And then I took another position when I thought it had reached a top. All told I took a 4% loss on the position this morning and I am raging with myself. I just thought I would share as a reminder that no matter how good a run we are on that we are only a minute figure in the market and to not f@&k around, stick to the rules and or your strategy. +Their ridiculous "admin fees" make it unfeasible for holding a long term position. 2% of your position drained daily snuck in with the swap charges. + + If you replace the card you initially deposited with, its their policy you need to provide a letter from your bank before you can withdraw your money using a new method. And theyll charge monthly inactivity fees on the money that's stuck in your account. + +You would think they make enough money on spreads And they don't need to pickpocket you too. The customer service people even sound exactly like the Indian people that call to try to scam you during the day. Wouldnt be surprised if its the same dude and Oanda is his 2nd job. + +Tldr I don't like oanda. Don't even give them credit for their nice looking charts, its all trading view which is a separate entity. +[https://www.reuters.com/world/china/chinese-property-shares-slide-despite-beijing-assurance-mortgage-protests-2022-07-15/](https://www.reuters.com/world/china/chinese-property-shares-slide-despite-beijing-assurance-mortgage-protests-2022-07-15/) + + HONG KONG, July 14 (Reuters) - Chinese regulators on Thursday vowed to help local governments deliver property projects on time after homebuyers threatened to stop mortgage payments on unfinished apartments, in the first sign Beijing was stepping in to end the market chaos. The homebuyers' threats have deepened investor concerns about the property sector, which accounts for a quarter of the economy. Investors also worry about banks, rattled over the past year by developers' cash squeeze and some debt defaults. +\*Correction\* Main repo rate was raised *by* 25bps from -25bps to 0, not *to* +25bps. + +https://www.ft.com/content/0cb65c7a-223a-11ea-92da-f0c92e957a96 https://www.bloomberg.com/news/articles/2019-12-19/swedish-rate-hike-ends-subzero-experiment-in-global-test-case +https://www.bloomberg.com/opinion/articles/2019-12-19/sweden-s-riksbank-has-had-enough-of-negative-interest-rates + +>Most economists and market participants don’t usually spend much time looking at Swedish monetary policy. Today should be different given the decision by the Riksbank — the country’s central bank and the world’s oldest — to part ways with its peers in advanced countries by raising interest rates because of worries about the collateral damage and unintended consequences of an ultra-low regime. + +>By raising its main repo rate 25 basis points, Sweden exited a negative rate paradigm that had been in place for five years. The action came after officials there publicly expressed concerns that persistent negative yields distort the behavior of households and companies adversely. + +>This is a big policy move for Sweden, especially so because it faces what economists call “small country” conditions — that is, it’s too small to directly impact other economies or to resist spillovers from the actions of larger economies. + +>By increasing interest rate differentials compared with the rest of Europe, the rate increase could strengthen the currency and, together with the higher cost of borrowing domestically, weaken the economy. It’s a risk that the Riksbank said it would monitor closely. + +>This is also the most explicit signal yet of growing concerns in Europe about the collateral damage and unintended consequences of protracted and excessive reliance on unconventional monetary measures, particularly negative interest rates and large-scale purchases of securities. Potential distortions to a well-functioning economy and financial systems include: + +>• Undermining the provision of long-term financial protection products to households, which, together with negative returns on savings, goes against the objectives of monetary stimulus by encouraging higher (rather than lower) savings. +• Undermining the banking system’s traditional role in intermediating loanable funds while, simultaneously, encouraging excessive risk-taking by nonbanks. +• Subsidizing zombie companies, thus slowly eroding the growth and productivity potential. +• Encouraging economy-wide resource misallocations. + +>The loud Riksbank message to other central banks is that being “the only game in town” for too long can make them not just ineffective but also counterproductive. If Sweden can hold out as the monetary policy outlier in Europe — and it’s far from easy given the “small country” conditions — this could well be looked back at as the beginning of the end of a historic policy experiment, one that worked initially but was subsequently undermined by the failure of politicians to enable the much-needed pivot to a more comprehensive pro-growth policy response. +It may just be bias from what I've seen but people don't seem to utilize the food bank. It is there to provide food. You don't have enough food? Go to a food bank. They even have special thanksgiving and christmas hampers that come with coupons and toys. + +And if you are worried that you aren't poor enough? Don't. I've volunteered at food banks and they'd rather have 100 not poor enough people than a single person skipping the food bank due to shame or guilt. + +You don't have to suffer eating beans and rice. There I help out there. Not to mention that most food banks also provide additional services like paying an odd electric bill or helping you interview. + +Edit: I have had my eyes opened about how much bullshit most food banks are. The ones I've used/volunteered at have been a completely different experience with decent food, delivery to those unable to go on person and may only be open for a few hours but it's in the evenings. I am so sorry for all those who have jumped through so many horrible hoops. +Hi all - I've been reading, I'm a bit lost, I don't know where to look. I hope you don't mind the post... all I'm looking for is a bit of direction for some idiot friendly research. I've read the flow chart but I don't feel it \*entirely\* applies to me. + +As an idea... I'm 33. I'm an engineer running a small company (1 employee - me; selling services and self-made products) in a niche industry, in the last 5 years (save pandemic year, which was a disaster) I've earned £60k-120k a year from my company. But it's very unreliable - the company is yet to be at a stage where there's a reliable monthly income. For example last 2 years - monthly P/L has been as low as -£15k and as high as +£15k and everything in between. There can be months I make ZERO and then I get a phone call to go do a month consulting and I bring back 10 or 12 grand. It's very volatile. + +I own a small flat in a city I like (no mortgage), and have no immediate *need* to go bigger or fancier. I like keeping my costs down, especially with cost of energy soaring - the small flat with GCH is sensible right now. I don't keep a car either. I predominantly work away and have low living costs since clients usually foot the expenses. What I'm getting at is I'm in a position where I have a lot of income, not much outgoings, no dependents, a first property already, premium bonds maxed out... and the rest of the money going into shitty savings accounts where they make no interest. + +I used the Wiki but man I just don't understand it. I became an engineer because I can see how machines work. I can pull apart all sorts of machines and work out what makes it go. I really struggle with reading. I can see the words but they just don't go in. So I want to either find some sort of totally idiot-able reading material that I can manage OR I want to speak to somebody who can talk to me like a child. Because I've tried the whole "read about index funds for a day" thing and it's just a day of reading words and at the end I feel no better educated than I did at the start I just feel like I want to throw something. + +I'm sure there must be something better I could be doing with my money so if anyone can offer any advice on where I should be looking I'd really appreciate it. + +Thanks +Started on graduate scheme at 35K in 2017. Moved to a different company in 2018 at 45K. Planning to move again in a quarter or so. This would put me at calendar year of 2 years of experience. What should an engineer at an average fintech ask? I am not targeting big boys like hedge funds or googles. I personally feel still somewhat junior and next job could take me to mid-level in a year. What's a good junior worth in the market? I am thinking of asking for 55-60K in the next job. Target companies: fintech. Not banks. Small ones. +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I am delighted to see that the DD continues to be developed and Apes maintaining enthusiasm for the stock we like! When all of this is over, I wonder if we'll look back on days like yesterday, where for no apparent reason the SHFs decided to do a short attack, and if it'll make any more sense? Whatever their reasons, it is clear that Apes continue to buy the dip and DRS their shares - exactly what the SHFs cannot withstand. + +As we approach the New Year, I've been reflecting on what this past year has held. While there are many Apes who have been involved in GME for well over a year, the movement picked up heavily last January, leading to the Sneeze and everything that has come since. I know that I am not alone in feeling like we are coming up on another such inflection point in the GME Saga - one that will usher in the MOASS and subsequent reform of the way the markets are structured. While we all eagerly anticipate that moment, be sure to treasure the time we have together before that happens. At some point, everything will change forever, and there will be no going back. I appreciate each and every one of you for your role in making Diamantenhände a fixture of my past year, and I hope that wherever we end up on the other side of the MOASS, that we can at HODL on to this community forever. + +Today is Tuesday, December 28th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$149.40 / 132,07 €** *(volume: 1724)* +- 🟩 115 minutes in: $149.29 / 131,98 € *(volume: 1624)* +- 🟥 110 minutes in: $148.13 / 130,95 € *(volume: 1290)* +- 🟩 105 minutes in: $148.65 / 131,41 € *(volume: 971)* +- 🟥 100 minutes in: $148.37 / 131,16 € *(volume: 624)* +- 🟩 95 minutes in: $148.40 / 131,19 € *(volume: 623)* +- 🟩 90 minutes in: $148.34 / 131,14 € *(volume: 615)* +- 🟥 85 minutes in: $148.27 / 131,07 € *(volume: 603)* +- 🟩 80 minutes in: $148.29 / 131,09 € *(volume: 583)* +- 🟥 75 minutes in: $148.27 / 131,07 € *(volume: 573)* +- 🟥 70 minutes in: $148.29 / 131,09 € *(volume: 562)* +- 🟩 65 minutes in: $148.37 / 131,16 € *(volume: 556)* +- 🟩 60 minutes in: $147.93 / 130,78 € *(volume: 536)* +- 🟩 55 minutes in: $147.92 / 130,76 € *(volume: 536)* +- 🟩 50 minutes in: $147.89 / 130,74 € *(volume: 534)* +- 🟩 45 minutes in: $147.88 / 130,72 € *(volume: 533)* +- 🟥 40 minutes in: $147.82 / 130,68 € *(volume: 532)* +- 🟥 35 minutes in: $147.88 / 130,72 € *(volume: 529)* +- 🟥 30 minutes in: $147.90 / 130,75 € *(volume: 516)* +- 🟥 25 minutes in: $147.92 / 130,76 € *(volume: 466)* +- ⬜ 20 minutes in: $147.93 / 130,78 € *(volume: 466)* +- ⬜ 15 minutes in: $147.93 / 130,78 € *(volume: 453)* +- ⬜ 10 minutes in: $147.93 / 130,78 € *(volume: 447)* +- 🟥 5 minutes in: $147.93 / 130,78 € *(volume: 442)* +- 🟥 0 minutes in: $147.99 / 130,82 € *(volume: 220)* +- 🟥 US close price: $148.31 / 131,11 € *($148.00 / 130,83 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1312. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey guys, + +This is just a warning to the community about some shady things going on regarding REEF. + +Recently there was a sudden increase of the circulating supply by 0.5 Billion, equal to 2.5% of the total supply (20 billion). Given that there is no information about this on their website, concerned investors have obviously been asking a lot of questions. My main trepidation comes from the response from REEF to these questions. + +On their official Telegram, askers are being flat out ignored, insulted or banned (and the questions deleted by admins almost immediately). On Reddit, mods are banning anyone deemed to be spreading "FUD", which is a conveniently vague term to use to rid themselves of anyone asking difficult questions. + +The one supposed answer (apparently from the CEO - in Telegram) was incredibly vague an obfuscating. It read: + +> There are multiple things happening in the background. Reef is expanding and will become a parachain as well (not just a layer on top of other parachains). There will be a stablecoin backed by the token as well. Some things are still being finalized and we cant announce until we are ready. As you could see the supply increase was not affecting the price (also, price discussions should be in the traders group). Additionally, we are in discussions with the best VCs on this planet (again cant talk yet about anything until things are finalized) + +If that isn't a politicians answer that just insults the intelligence of his own investors then I don't know what is. + +Other concerns: + +The team - the CEO (who is listed as co-founder on LinkedIn, though there is no other co-founder to be seen) gave a talk recently about how they are expanding the team. He brings up a slideshow showing the new team members and all of the names and information on these new team members is too blurry to read (I'm not making this up unfortunately). + +They recently announced that they will soon be announcing a HUGE partnership. I don't know about you guys but making an announcement of an announcement strongly suggests their main goal is pumping the price and not reliably informing their community. + +Reddit - their subreddit is full of accounts with between 25-100 karma constantly shilling the coin, claiming they've gone "all in" and drowning out anyone with legitimate concerns. The rest of Reddit and social media is also full of low effort shilling for REEF from accounts with virtually no posting history. + +Telegram - their Telegram seems to have a few core members who insult anyone asking real questions and voicing concerns (most people are limited to one message per 15 minutes - these members are not), their mods flat out ignore most questions and give either copy/paste or incredibly vague answers at best. Recently, their site was down and one admin claimed it was because the site was being developed (obviously very rare that a site would be completely down for maintenance - particularly at this time), but then the narrative quickly changed that it was in fact cause by a DDoS attack. Anyone asking about this downtime is currently being ridiculed. + +Anyway, I just sold my (quite significant) bags of REEF for the reasons outlined above. This is just meant as a word of warning to any investors/potential investors to tread carefully. + +It could be that REEF is 100% legit; these red flags could be purely coincidental and it could be that the marketing team and toxic community give an inaccurate impression of the overall project, but it just seems like too much risk, especially given the number of scams in the crypto space over the years. +Hi, + +I'm trying to come up with the best financial option to support my mum who is homeless and unable to consistently work due to illness. + +I have 130k in the bank but that still wouldn't be enough to buy anything where my siblings live in London. I have moved away for a great job and I am happily renting and still saving £1k per month. + +The council cant pay the market rent even if a landlord would accept dss so absolutely hopeless there. + +I'm thinking I have the options of +1) buy a cheaper house further away +2) pay my mums private rent +3)use help to buy to buy in the ideal area and just let me mum live there + +Are there any better options I haven't considered? + +Thankyou +I’m summarizing the paper below as best I can. I think it’s a helpful summary of why US data from 1926 to today may not be something you want to rely on for the next 50 years. + +Link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4227132&mod=ANLink + +- Retirement planning is fundamentally a model of longevity risk vs returns. The former is relatively easy. The latter is not. +- Most discussions of a withdrawal strategy are based on historical market results but there are reasons to believe past performance won’t be repeated, including that the time series used are short, there is survivorship bias (you’re using the US and the US was a very successful market over the last 100 years) and the easiest data is not a representative sample of the population (people use US data because it’s available and hasn’t been interrupted by events like wars and hyperinflation) +- Equity markets can have 30 year real declines inclusive of dividends, such as Japan from 1990, and selecting one that hasn’t (the US) and relying on that is not sound statistics +- This study uses approximately 2,500 years of asset-class returns in 38 developed countries over the period from 1890 to 2019 +- The base case simulation focuses on the joint investment-longevity outcomes for a couple (not a single) retiring in 2022 at age 65 who chooses a portfolio strategy of 60% domestic stocks and 40% bonds; SSA life expectancy tables are used (not 30 years) +- The “4% rule” fails 17.4% of the time. To achieve a 1% ruin probability, retirees must adopt a withdrawal rate of just 0.80%. 2.26% generates a 5% ruin possibility +- Longer lifespans reduce the withdrawal rate too: for a 5% chance of financial ruin, the real withdrawal rate drops to 2.02% for today’s young adults and to 1.95% for today’s newborns. + +TLDR: if the US is not special and future returns here are better predicted by historical global returns rather than US historical returns, a 4% WR will fail ~1/5th of the time. + +Abstract: We use a comprehensive new dataset of asset-class returns in 38 developed countries to examine a popular class of retirement spending rules that prescribe annual withdrawals as a constant percentage of the retirement account balance. A 65-year-old couple willing to bear a 5% chance of financial ruin can withdraw just 2.26% per year, a rate materially lower than conventional advice (e.g., the 4% rule). Our estimates of failure rates under conventional withdrawal policies have important implications for individuals (e.g., savings rates, retirement timing, and retirement consumption), public policy (e.g., participation rates in means-tested programs), and society (e.g., elderly poverty rates). + +Suggested Citation: Anarkulova, Aizhan and Cederburg, Scott and O'Doherty, Michael S. and Sias, Richard W., The Safe Withdrawal Rate: Evidence from a Broad Sample of Developed Markets (September 22, 2022). Available at SSRN: https://ssrn.com/abstract=4227132 or http://dx.doi.org/10.2139/ssrn.4227132 +Guten Tag to this global band of Apes! 👋🦍 + +As we enter the final day of another week in the GME saga, I want to take a moment to share my appreciation for all of the Apes who have taken the time to research DRS, and especially those who have taken the additional step of contacting their broker and sending some portion of their holdings to ComputerShare. + +For quite a while after The Sneeze in January, all the focus was on building an understanding of the mechanisms by which the SHFs were able to control the price, and understanding the connections to movement of the stock. We researched new rules, rallied to vote our shares, bought the dips, and stopped day-trading and option plays. However, I personally didn't start to feel like Apes had direct control until we started seeing the purple rings. + +Every share that is transferred to ComputerShare is a real, non-phantom original. It can no longer be rehypothecated into dozens of phantom shares. Its removal from the DTCC vaults increases the ratio of phantom shares for each real share that remains. As we approach the point where the float is held in ComputerShare, that ratio will go parabolic - each and every share removed will represent hundreds or thousands of phantoms. + +I cannot wait to see what happens then. + +Today is Friday, November 12th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$202.17 / 176,41 €** *(volume: 1360)* +- 🟩 115 minutes in: $201.98 / 176,25 € *(volume: 1359)* +- 🟥 110 minutes in: $201.94 / 176,21 € *(volume: 1356)* +- 🟥 105 minutes in: $202.01 / 176,28 € *(volume: 1355)* +- 🟩 100 minutes in: $202.03 / 176,29 € *(volume: 1305)* +- 🟥 95 minutes in: $202.00 / 176,26 € *(volume: 1304)* +- 🟥 90 minutes in: $202.10 / 176,35 € *(volume: 1293)* +- 🟩 85 minutes in: $202.14 / 176,39 € *(volume: 1293)* +- 🟥 80 minutes in: $202.03 / 176,29 € *(volume: 1288)* +- 🟥 75 minutes in: $202.08 / 176,34 € *(volume: 1288)* +- 🟩 70 minutes in: $202.10 / 176,35 € *(volume: 1250)* +- 🟥 65 minutes in: $201.62 / 175,94 € *(volume: 1170)* +- 🟩 60 minutes in: $202.76 / 176,93 € *(volume: 433)* +- 🟥 55 minutes in: $202.70 / 176,88 € *(volume: 404)* +- 🟥 50 minutes in: $202.76 / 176,93 € *(volume: 402)* +- 🟥 45 minutes in: $202.87 / 177,03 € *(volume: 381)* +- 🟥 40 minutes in: $202.93 / 177,07 € *(volume: 379)* +- 🟥 35 minutes in: $202.96 / 177,10 € *(volume: 363)* +- ⬜ 30 minutes in: $203.00 / 177,14 € *(volume: 362)* +- ⬜ 25 minutes in: $203.00 / 177,14 € *(volume: 357)* +- 🟩 20 minutes in: $203.00 / 177,14 € *(volume: 352)* +- 🟩 15 minutes in: $202.96 / 177,10 € *(volume: 352)* +- 🟥 10 minutes in: $202.87 / 177,03 € *(volume: 252)* +- 🟥 5 minutes in: $203.09 / 177,21 € *(volume: 217)* +- 🟥 0 minutes in: $203.59 / 177,65 € *(volume: 112)* +- 🟥 US close price: $204.32 / 178,29 € *($204.55 / 178,49 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.146. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I read this https://www.reddit.com/r/investing/comments/kpohf/abolish_the_sec_pattern_day_trader_rule/, which is US centric. + +I was just wondering if we have any similar rules in EU? +Some backstory. I was in an accident several years ago and this money as a result of a settlement. + +I am a 21 year old student in Ireland with 1 year left in my course. i have basically no monthly costs or debts. i live rent free with my parents and will probably continue like this until close to when i finish college. ive never dealt with this large a sum of money before and am feeling a little overwhelmed. + + i have figured out that i do not wish to settle down and get a house anytime in the next 5 years and so i would like some advice on how i could safely invest the vast majority of it so that it grows a little until i need it. i also have no idea how these sort of things are taxed in Ireland + +Any advice or links to articles that i could read to educate myself would be greatly appreciated. +I’m a single male in second half of 20s, living in an EU member state. Senior specialist in computer stuff, salary considerably above average for the industry here in the capital. My current debts are: + +* Two year zero interest phone loan at 2% of monthly net income. Last payment in March 2020. +* One year zero interest computer loan at 8% of my monthly net income. Last payment in this December. +* 10 year student loan on 1.8% with 6 month EURIBOR, total principal amount at 38% of my annual net income. Currently paying just interest at 1.5% of monthly net income, will start paying principal in the end of this year. Annual net income calculation both here and later on excludes possible net annual bonus of 0 to 30% of my net annual salary, based on how well company does. +* Instalment loan at 8% of my monthly net income, 2 months remaining. + +No savings other than a rainy day fund of one monthly salary (my contract and local law offer strong support in event of unemployment). No equity of any kind or real estate either. + +My monthly expenses, all hobbies included, are 35% of my monthly net income. + +The situation is such that my current apartment, that I rent for about 25% of my monthly expenses, has been steadily deteriorating in terms of quality of life offered. Looking at the real estate market, I can afford to buy a great apartment for at most triple of my annual net income, with 5% down at 1.8-2.3%+12m EURIBOR (or fixed, but don’t know about details there. also 3m and 6m EURIBOR are options too) annual interest for 20 years. If I just rent an apartment of the level I look for now, I will be paying at least 10% more per month than I would in case of mortgage, factoring in real estate taxes, and other non utility expenses excluding sudden repairs and such, in case of purchase. Utilities would cost comparably. + +(Sidenote - I’m not interested in having a house instead of a flat, as I’m a foot/cycle person looking to live around downtown.) + +While I don’t mind this city currently, I do want to move to a different country sometime in the near future, and maybe to a worse paying job (if I decided to follow up my masters with a PhD). This is why I’m not sure if it makes sense to buy an apartment, and just rent it out if (more likely when) I move abroad. What do you think, does it make sense for me to get my own place now? + +To maybe provide some idea on the apartment level I’m considering - fully renovated/repaired (and furnished) within last few years, in a building treated similarly. 2-3 bedrooms, <30 minute walk/cycling distance from downtown core and business districts. +Some backstory. I was in an accident several years ago and this money as a result of a settlement. + +I am a 21 year old student in Ireland with 1 year left in my course. i have basically no monthly costs or debts. i live rent free with my parents and will probably continue like this until close to when i finish college. ive never dealt with this large a sum of money before and am feeling a little overwhelmed. + + i have figured out that i do not wish to settle down and get a house anytime in the next 5 years and so i would like some advice on how i could safely invest the vast majority of it so that it grows a little until i need it. i also have no idea how these sort of things are taxed in Ireland + +Any advice or links to articles that i could read to educate myself would be greatly appreciated. +Hello EU personal finance. I have an investment strategy plan and I would like you to comment on it. + +Here is my current state and goals: + +&#x200B; + +* 28 years old, EU nationality living in Switzerland. +* 40k in savings. I have splited this amount in 3 buckets: 20k to DCA in the next months, 10k emergency fund, 10k cash for a possible house deposit +* My goal is to increase my portfolio value by keep investing. +* My strategy is the following: every month I save an X amount. 50% of that I will invest it and the other 50% add it in the cash bucket. +* I have already invested 7k and my current portfolio allocation is 85% VWCE ETF and 15% IUSN small-cap ETF. I added the IUSN to increase exposure to small cap companies as VWCE includes only mid and large cap companies. + +&#x200B; + +My questions are: + +1. Do you have any comments on the portfolio allocation? +2. Do you think I keep too much money in cash bucket? +3. Would you do something different overall? + +Thank you in advance for your time. +Hi there, +As the title says. I have some nice savings and would like to put them in some investments instead of leaving them idle in the bank. However, I'm a total noob when it comes to investment in general and couldn't understand most of the terms used in this sub. + +I'm certainly not looking for investment or financial advices, at least for now lol. What I'm looking for is some help from you guys to recommend some online resources (preferably YouTube or something) to under the different types and options of investments so I can learn and make informed decisions. + +If it helps, I'm comfortable for the time being with my level of noobness to afford 5-10% max of investment in mid-high risk investments. + +Looking forward for your resources suggestions and thanks in advance +Living in sweden, working in Denmark. + +I'll earn about 4250 monthly, after taxes. + +My rent will be 175 for the first 6 months, then around 450, plus minus 200. + +For now work covers most other expenses (text/calls/data, internet). Groceries/household should be around 200 monthly. + +No loans/debt. Insurance covered already. I have about 10k in the bank, not invested. And around 40k in investments. + +**That leaves me with 3875 each month for the first 6 months or so and 3600 after that.** + +I'm just now starting in this field (tech), and earning more money. **What is the smartest way to go about this?** How much would you invest, given my situation? Spontaneously, I'd like to spend half and save half. I've been saving since i was a teenager (more or less) and this is the first time i can actually spend money. +A lot have been said about the importance of psychology in trading. Most posts I read recommend reading In the Zone (which I’ve read). Most pro traders I follow, though, have or see a specialized psychologist or coache. So I tried to find myself a coach, which turns out the be quite difficult (few coaches specialized in trading, some folks on the internet taking huge sums of money, some folks never responded to my emails, etc ). However, thinking about my day to day trading, I came to the conclusion that being a trader is like a pro athlete. So I found a coach specialized in sports psychology (this guy has an impressive track record of coaching Athletes that have won olympic medals or become number one in their field). + +I’ll maybe write another post about the work we do together but one thing I wanted to share with you is the following. When he works with pro athletes, most have figured out what their goal / outcome is for the next x years or tournament. However, few have really figured out their WHY: why are your doing this (to yourself) ? So he asks a simple question, which he asked me. “So your objective is to become a profitable trader in 2 years. Imagine I have a cristal ball. This cristal ball tells me you will not become profitable in two years and actually never a (full time) trader. Do you still continue to trade ?” + +I wanted to share this with you as I think it’s a fundamental question. There are no right or wrong answers. I just think that whatever the answer(s), it holds a lot of interesting explanations to my / our psychological approach to trading. + +So my question to you : I have a crystal ball and I know you will never become a trader. Do you still continue trying / trading ? +**1. What is Zenon** + +Zenon is an evolutionary step in distributed ledger technology, enabling an efficient trust layer for the transfer of value and data globally. Based on The Network of Momentum, it proposes a new type of architecture designed to overcome the limitations of current blockchain or DAG-based cryptocurrencies. + +Architecture + +**Pillar:** Representing the foundation layer of the Network of Momentum, they participate in the consensus protocol and hold information about network transactions. **Requires high resources to operate and sustain the network.** + +**Sentinel:** A unique type of node, resembling a Pillar, but acting only as an observer of the consensus algorithm. It carries out the creation of PoW links for transactions. **Requires moderate resources to operate.** + +**Sentry:** A lightweight node that performs basic operations for the network and stores only the block-lattice data structure. It can be configured to respond to queries from clients. **Requires minimum resources to operate.** + +**Satellite:** In the pursuit of decentralization of the geographical distribution, we’re exploring the possibility of integrating a satellite dedicated SDK for Pillars. + +**2. Where can I buy?** + +**Mercatox** + +Pairs: ZNN — BTC ZNN — USDC + +No KYC required. + +**Stex** + +Pairs: ZNN — BTC + +KYC required and it could take up to 36 hours. + +**Bilaxy** + +Pairs: ZNN — BTC + +They have KYC to withdraw bigger quantities, but you can still withdraw by setting up your Security Password. + +**Crex24** + +Pairs: ZNN — BTCH + +KYC required. + +**3. Is it on Uniswap?** + +No. $ZNN is not an ERC20 as of this date. Any $ZNN tokens you find on the Ethereum network are fake ones and you will most likely lose your money if you trade them. + +**4. Can I add it to Metamask?** + +No. As $ZNN is not an ERC20 or BEP20 token you can’t add it to your Metamask, you can download the official wallet on the Zenon Network website. + +**5. Is this the Jack Dorsey/Square/InsertChoosenCorporationNameHere project?** + +Zenon Network is an independent entity. Unofficial partnerships or any associations with other projects are just speculations. + +**6. How much is APY?** + +As of this date, APY is about 0.15% daily. Around 50–55% per year. Notice that these percentages can vary depending on your internet connection and computer performance while staking in your wallet. + +**7. How do I set up my wallet?** + +First, download the wallet from Zenon website install it on your computer and then let it sync, notice that syncing can take a couple of minutes or even hours, so let the wallet do its syncing and you will be fine. + +After syncing is done you will find everything you need to know about it on the Zenon website. + +**8. How do I set up staking?** + +The following conditions must be simultaneously true: + +1. Blockchain must be fully synced, NOT importing or reindexing. +2. Chain tip’s timestamp must be passed a certain time (was many many months ago). +3. Wallet must have active connections (Tools -> Peers list -> check that there are more than 3 active peers). +4. Wallet must be unlocked. Read the important information section on Zenon's website how-to first and after that proceed to carefully encrypt the wallet (Settings -> Encrypt wallet). After the encryption process ends, the wallet will close. Reopen the wallet and wait for it to fully sync before unlocking. To unlock it, enter your passphrase and check For staking only box situated below. +5. Must have mintable coins. Mintable coins (maturated coins) have 600 confirmations or more. +6. Must have more coins than reserve balance (reserve balance default is 0). +7. Nodes additional data must be synced (after the progress bar reaches 100%, it should disappear). +8. Double check the status of these conditions by going into Tools -> Debug Console -> type getstakingstatus. All the outputs should be true in order for successful staking. + +**The staking icon indicator (right bottom icons) should be green if all conditions from point 8 are true.** + +Staking is a probabilistic type selection, proportional to your ZNN balance. The more ZNN you have, the higher the probability to get staking rewards. + +The wallet must be always opened and connected to the network for staking to be enabled at any time, so make sure your machine doesn’t enter sleep mode. + +**9. Do I have to run my computer 24/7 for staking?** + +Yes. If you want to stake, for now, your computer must be on at all times. + +**10. Who is the team?** + +The power behind us is the community. We chose to remain anonymous because there can be no true decentralization with a public figure in charge. +I've been having some inner conflict about this recently. I had kind of a realization that the main reason I have been planning out an FI track the last couple years is because I am too lazy and undisciplined to focus on my profession and career growth, and the associated sacrifices. Not because I want the freedom to pursue other endeavors. + +I have a pretty great career (aerospace engineer) which is relatively high paying but to be honest I really don't care about it outside of the occasional interesting challenge. I am a good worker but I essentially have no interest in advancing and 'climbing the ladder'. I have an inkling it is for negative reasons, like that I am unconfident in my abilities and the competitiveness, so rather than try to play the game I resign to the fact that I am where I am, but that I can focus on saving (the easier sacrifice to me), and check out entirely 20+ years ahead of everyone else. + +I really do not relate to my peers' focus and hustling in their careers. Even while finding my work engaging and challenging at the end of the day in the office I'm thinking "what the hell am I doing here". I feel ambivalent about it, like I should be focusing passionately on something rather than just accepting my current trajectory to retirement, but I also don't feel particularly drawn to anything else. Other than just simply not having to go to work. Is this a normal attitude to have? are others simply better at faking it and disciplining themselves to care? I could use some wisdom if this seems relatable. + +Hi Everyone, + +As the title suggests my wife and I recently discovered that my wife's sister has been accidentally using my wife's social security number for the last 2.5 years (2020, 2021, and 2022). This was the result of my mother in law accidentally giving the wrong number to the wrong daughter, and this was only recently discovered after my wife re-entered the workforce two months ago after being in Grad school during the intervening time. + +We initially discovered the error during my wife's onboarding when the 3rd party payment processor (PayChex) flagged my wife's account as potentially fraudulent because my sister in law's company also uses PayChex and the same social security number is being used by two employees of different names at different companies. + +Adding more complication to the matter my sister-in-law's HR department is proving to be incompetent and refusing to change the social security number associated with her file (they're stating the system won't let them change the number). + +Anecdotally, we've noticed weird things in the past, like my wife owing money in 2021 (yet her sister getting a massive refund), my wife losing eligibility for her student grant in 2020 and 2021 (due to income reasons), and my wife failing to ever receive a stimulus check during the pandemic. This is all water under the bridge at this point, but I assume all these weird events are now tied to the social security number issue. + +Does anyone have any advice on how to fix this problem? I will be filing jointly with my wife next year and want to get this resolved as quickly and smoothly as possible. +Brought most of my ETH (85% of it) at about $390. Didn't panic sell through the ride down. I'm not taking it out to break even ether. Can I get my hodler badge now plz? +What happened to the guy who was writing weekly puts on NFLX at strikes circa 325-350? He posted about his strategy like two months ago. People gave him a fair amount of crap in here (well, just pointing out that the risk/reward might not have been fully considered). Hopefully he stopped doing that, but if not, we need to well-check him. +Hey Theta Gang, Could we get a discussion going on how we could make this forum a better resource for our cause? Maybe make a good infographic illustrating the wheel and maybe discuss sticky threads which would be helpful. Maybe a thread discussing low-mid-high level stocks that work on the wheel system. Maybe another thread to discuss other tools that theta gang has at their disposal? I just started trading options and was using the wheel without realizing it. Now that I know there are a bunch of like minded people, maybe we can make research easier... many hands make light work and all that. Thoughts? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +The markets have been brutal, but I am confident that things are set up for a predictable earnings season if one follows the flow. a great example is INTC's downfall with the [pullback making puts print massively](https://twitter.com/unusual_whales/status/1320778378971025408). + +Earnings in such uncertain time also creates more expensive contracts with VXX being way up. Much of it can be attributed to the volatility in the market. A lot of people are focusing on the elections, but what they are forgetting that either way, there are big earnings despite the result, which follow typical trends. + +For example, cloud has not performed so far, look for that. Tech has seen a reversal in early October. + +Like this week, $AAPL has its earnings. Many are speculating record profits, and calls/straddles seem the obvious option. Likely, the growth will be up 33% according to marketwatch. How did previous earnings play? Well, previous plays have been up [2300%](https://twitter.com/unusual_whales/status/1289351573793935361) on big movements. + +How are you playing these earnings? Same with $AMZN or $TWTR this week? +Implied volatility is one of the most misunderstood concepts about options. Let’s look at it from a practical perspective. + +# The Only Certainty About Options + +Before even mentioning implied volatility, we need to clarify the only certainty about options. + +**The only certainty about options is the inevitable worthlessness of an option’s** ***extrinsic value*****^(\*)** **at the expiration of the option.** That’s it. Everything else is theory. + +In their basic nature, options are standardized insurance that you can buy and sell on a whim. While the inherent insurance in options is worthless at expiration, it *must* be worth *something* before then. Right? + +Right. But what determines the worth of options? + +The market. Just how buyer and seller pressure determines the price of a stock, buyer and seller pressure determines the prices of the contracts in an option chain. With enough participants, arbitrage removes any obvious inefficiencies in the chain. Good luck finding the not-so-obvious ones. + +^(\* If you need to brush up on extrinsic value, then I highly recommend studying) [^(Options extrinsic and intrinsic value, an introduction)](https://www.reddit.com/r/options/wiki/faq/pages/extrinsic_value) ^(by u/redtexture. It’s one of best explanations I’ve seen, and I send people to it regularly.) + +# Enter Theory + +One of the greatest innovations of the Black-Scholes-Merton (BSM) model and its variants is dynamic hedging and the prospect of projecting an option’s price through potential changes in the variables that *should* affect the price of an option. Such variables are … + +* Time - the extrinsic value is worth something now. It will be worth nothing eventually. +* Underlying move - the distance of the underlying price from the strike price matters. +* Expected underlying move - fear of loss and fear of missing out should affect demand for optionality. +* Interest rates - how cash is allocated matters, and it should affect the cost of carry of an option as well +* Other factors - dividends, short interest with HTB fees, the moving average of the daily number of mentions on WSB, etc. … should somehow affect an option’s price as well. + +The BSM model mathematically organizes the top four of these factors into a neat, nonlinear and multidimensional formula. The code has been cracked, and we can move on with our lives now. + +# The BSM Model Is Always Right + +Don’t you *ever* question it. The Greeks^(\*) never lie! + +You’re holding an OTM call on AAPL through earnings. AAPL gaps up the next day. The delta/gamma projection with theta projection had your call premium to go up by 50% from the realized underlying move, but your premium went down by 10% … WTF? Even the grandmas on reddit will tell you that you got IV-crushed. + +Fine. You were holding an OTM put on GME when the shit was all ‘tarded. GME exploded upward. BSM projected that your put would have lost 75% of its premium, but your put doubled in price. Ahhh, but you see … IV went up! Not that you’re complaining about making money on your now farther out-of-the-money put, you just want to understand what the hell is going on here. + +Option decayed more than projected by theta? … IV! + +Option decayed *less* than projected by theta? … but IV! + +If you can’t tell by now, implied volatility is the get-out-of-jail-free card for the BSM model. Any difference between the market price of a contract and the price projected by theta and delta/gamma (and even the neglected rho) will be consumed by a change in implied volatility via vega. + +But what the hell is implied volatility anyway? + +^(\* In this post, I’m assuming that you have a basic understanding about delta, gamma, theta, and vega. A simple Google search can help you brush up on them.) + +# In the Beginning, There Was Volatility + +One day, someone was bored and started comparing two stocks. Stock ABC traded at $100 per share in the beginning of the year and closed the year at $100 per share. So did stock XYZ. However, the low-high of ABC was 90-110 that year, while the low-high of XYZ was 50-150 for the same year. That’s a kiddy choo-choo train ride at a state fair compared to the Fury 325 at Carowinds. That someone wanted to find a mathematical way to compare the stocks, and so it began … + +Daily percent changes (of closing prices) of the stocks were calculated over a time period (say, 30 days). Then their average was calculated. Then the differences between that average and the daily percent changes was calculated. Those differences were squared. The squared differences were averaged. That average was square rooted … and BAM! + +Through this simple process, we have a measurement of one standard deviation of the daily percent differences of closing prices of a stock. This measurement is annualized, and we get the historical volatility of a stock (or the most common calculation of it, typically done over a rolling 30-day period). + +Other attempts to measure historical volatility use a moving average, measuring how far the traded prices move from the average. + +As sophisticated as it all seems, any statistical approach to measure volatility makes one assume that volatility adheres to a distribution (normal, lognormal, or any other). There is no substantial evidence that it does. Regular “fat-tail” events kind of suggest that it does not. Ask Robert C. Merton about his [Long-Term Capital Management](https://en.m.wikipedia.org/wiki/Long-Term_Capital_Management) hedge fund. >!It did not fair well.!< + +# Implied Volatility — The Frankenstein’s Monster of BSM + +BSM model takes the concept of historical volatility even further, claiming that the market prices of options imply a certain probability of a certain historical volatility to be realized. + +Let that sink in … a *probability* is assigned to something that cannot be adequately measured, where all possibilities cannot be accounted for … + +Weather forecasters have infiltrated the markets. Ninety percent chance of precipitation! … sunny day, no rain … well, that ten percent is a bitch, ain’t it? + +# So, What Affects What Exactly? + +The BSM model claims that implied volatility affects the market price of an option. However, the only way IV can be measured is through the market price of the option, plugged into the model’s formula. Non-optionable stocks have no implied volatility. + +Furthermore, the options market calls bullshit on the probability distribution of the BSM model. This is evident in the non-uniform IV calculated from the market prices of the contracts in an option chain. There should only be one implied volatility for an underlying. Yet, there are as many as there are contracts. + +This is why we have a *volatility index*. The implied volatility of a stock? It’s actually a systematically [calculated average](https://www.investopedia.com/articles/active-trading/070213/tracking-volatility-how-vix-calculated.asp) of the IVs of certain contracts in the stock’s option chain. The same formula is used to calculate VIX from SPX options. + +# Volatility Surface — Making Sense of the Madness + +So, instead of ditching the BSM model and its variants, we find rhyme and reason to the different IVs across strikes and expiration dates in an option chain. Like good *Homo sapiens*, we find patterns (even when there are none). + +We study the skew (the slope of IVs across strikes) and the term structure (the slope of IVs across expiration dates) to assess the market’s current correction to the model’s neat projections. To do this, we must first understand the neat projections ([first order](https://medium.com/hypervolatility/options-greeks-delta-gamma-vega-theta-rho-23f0321b64ba) and [second order](https://medium.com/hypervolatility/options-greeks-vanna-charm-vomma-dvegadtime-77d35c4db85c)) of the model. We can then adjust our expectations, based on what the market is telling us via the volatility surface of the option chain. + +# Term Structure — Decay Adjustment + +Term structure is probably the easiest to understand. The IV of longer-term options tends to be higher than that of shorter-term options. This is often called contango (borrowing the term from futures markets). This can be explained by the need to roll the insurance forward. The market may also see a greater probability of a tail event being captured by a longer-term option. Calendar spreaders also beat down on the shorter-term contracts. + +Regardless, what this normal term structure tells us is that option contracts (particularly those near the money) decay faster than the rate projected by the model. While the *volatility index* of the underlying remains the same, the IV of a single contract will drop over time as long as the term structure does not change. + +**The IV term structure can change.** + +Sudden/unexpected realized volatility can cause the IV of shorter-term contracts to be higher than that of the longer-term contracts. This is often called backwardation (borrowing yet another term from the futures markets). Such conditions cause the market to value short-term protection more than long-term protection. Why? It’s cheaper. The market also expects the storm to settle sooner rather than later. More so, it takes a lot of fear to move the IV of longer-term options. They are more expensive, and they have higher vega (according to the model). This means that their premium will have to rise *significantly* for their IV to rise substantially. + +Planned future events (e.g. earnings reports, TV interview with an executive, Congress voting on a particular bill, etc.) can also affect the IV term structure of the option chain, slowing down the projected decay of options expiring after the expected event. The market is attempting to price-in the expected move caused by the planned event. Come the event, expect the term structure to change. + +While an expected event causes a “sticky date” term structure, a general fear of short-term volatility can cause a rolling term-structure, where the IV of options expiring in less than a month (for instance) is decreasing, and the IV of options expiring in more than a month is increasing. Such a term structure can be short-lived, or it can persist for an extended period of time (think SPX in 2020). + +# Skew — Underlying Move Adjustment + +There are several ways to interpret the skew. Put skew (where the IV in the lower strikes is higher than the IV in higher strikes) is the most common among equity options. This can be explained by OTM covered call writers and OTM married put buyers. The general observation of stairs-up/elevator-down may also cause it. This can also be explained by a usual rise in demand for insurance during a sell-off and a decline thereof during an uptrend. The relatively higher IV on the lower strikes is the market’s attempt to price-in the rise of IV during a sell-off, while the relatively lower IV on the higher strikes is the market’s attempt to price-in the decline of IV during a steady climb of the underlying. + +Does the skew move with the underlying? It depends on how you look at it. There is a sticky strike rule and a sticky delta/moneyness rule. [Here](http://deltaquants.com/volatility-sticky-strike-vs-sticky-delta) is a quick breakdown of the two rules. Both are somewhat true and both are imperfect. Each rule is ultimately ”corrected” by the realized volatility surface after the underlying move, whether it be interpreted as rising/sinking and/or bending. + +If we interpret the skew as the market’s attempt to price in a change in the volatility index of the underlying from an underlying move, then this [paper](http://faculty.baruch.cuny.edu/jgatheral/ImpliedVolatilitySurface.pdf) suggests that it tends to underestimate that change. Thus, the skew partially prices in the change in IV in each contract from an underlying move. For example, if a sell-off raises the volatility index of the underlying from 20 to 30, the IV of a put could go from 25 to 28. A single contract will not realize a full change of the volatility index of an underlying from an underlying move, because the market partially “arbitrages” the change. + +# There you have it … + +This is implied volatility — the rubber band of the options pricing model(s) that (barely) holds it all together. + +In the end, we’re all just guessing. The shittiest part of life is that every single one of us is forced to make decisions and take actions without having the complete model of reality. We’re terrible at predicting the future. We back-test the shit out of the past but keep getting surprised by the future. + +Thanks to the market gods, we have options, with which we can capitalize on the fear of others and relieve our own. +Dear \[friends and family\], + +As discussed, here is the information that I have put together on Gamestop. If you are interested, read through the email and open at least the *first two or three links* *below* to get a good overview of the situation. Personally, I look at this as a great long term value investment, with a potential for *significant* gains through a squeeze. + +PS. Feel free to share with others you think might be interested. + +Cheers! + +&#x200B; + +Here is some information around the potential in Gamestop. This is not financial advice. + + DISCLOSURE: * Information contained in this email has been compiled from sources believed to be reliable in nature. No representations or warranty, express or implied, is made by as to its accuracy, completeness or correctness. All opinions and estimates contained in this email are subject to change without notice and are provided in good faith but without legal responsibility. This is not financial advice, and neither I, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this email or the information contained herein. * + +\------------------------------------------------------------------------------- + +If you aren't familiar with 'GameStop, Ticker GME' beyond what you see in the media, you may want to take a closer look. + +GameStop: I like this stock – a lot. Please note if you consider investing – due to inferred market manipulation, this stock should currently be treated as a speculative investment, and you will need to do your own due diligence to decide whether this stock is appropriate for you. GameStop’s stock can exhibit extreme price volatility, but I am of the personal belief that relative to other publicly traded stocks with similar characteristics, the fundamental valuation of this company should be much greater - *conservatively* $350 - $450 without manipulation and higher within the next few years as it moves towards it’s e-commerce objectives (currently trading around $120.00). A great long term value investment. + +On the upside, I also believe this stock has an opportunity for an ***historic*** squeeze! A once in any lifetime opportunity. Underpinning this it is believed that there has been mass market manipulation perpetrated. The following is information that I have put together to provide a snapshot of information leading to these beliefs. There is some great fact-based information and due diligence shared, along with some educated theoretical information. + +If you are interested in making an informed decision around this stock you may want to delve into the information provided below, and I would suggest (re)watching ‘The Big Short’ (2008 subprime crisis movie) and the documentary ‘The Inside Job’. These movies highlight, among other things, the corruption within our financial markets: market makers, bankers, and government officials. They also highlight shortcomings in market regulations and the huge issues surrounding our derivative markets – which has become exceedingly ominous leading into 2022. \[[Wall Street’s Naked Swindle](https://www.rollingstone.com/feature/wall-streets-naked-swindle-194908/)\] + +&#x200B; + +Summary, + +Companies are generally shorted when it is believed that their stock price will fall (to be able to buy the stock back at a lower price), and high short activity is often associated with an attempt to short a company into bankruptcy. For GameStop, the market for physical game media went into a state of decline with the introduction of digital and downloadable games, and GameStop’s directors at the time failed to respond to the changing landscape, GameStop's financials were deteriorating and noticeable shorting of Gamestop began escalating through 2017 to the 2020 Covid-19 period, in what appears to be an attempt to bankrupt the company. The company's shares would hit a record low of $2.80 in April 2020. However, as retail interest was piqued, there was a resounding belief that the company could turn itself around and speculation of a 'short squeeze'. The price of $GME appreciated and hit an all time high of $483.00 on January 28, 2021. + +GameStop has approximately 76 million shares issued yet had approximately 220% of it’s tradeable float outstanding in January 2021 (short interest as declared in Robinhood court documents). The rule of thumb is that short interest as a percentage of float above 10% is pretty high and above 20% is extremely high. High short interest like this is a very strong indication that counterfeit shares have been created and exist illegally. + +The Securities and Exchange Commission [report released October 14, 2021](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) essentially supported that there was no short squeeze in January (price appreciation was the result of regular buying pressure), and that short positions were only marginally covering during the buying period Jan 19, 2021 to Feb 5, 2021. This has left market participants with extensive short positions in the position of having to cover in a raising $GME price environment at significant losses. + +It is believed that the short interest has continued to climb and has been manipulated and hidden through derivative strategies such as options, swaps, and futures; and that the true short interest could now realistically be sitting higher than 300%. \[See the first link below for a news article example of this, or contact me for more supporting documentation and proof of the derivative manipulation used to hide short interest.\] + +Under the guidance of its new Chairman Ryan Cohen, GameStop has significantly turned itself around and rapidly continues to expand its opportunities and market share. GameStop has produced better than expected revenue results in 2021 (significantly exceeding the sales growth of their competitors). They have attracted [hundreds of talented executives](https://gmedd.com/transformation/gamestop-bags-chewy-vp-of-engineering/) from *thriving* tech companies like Chewie and Amazon, and have a balance sheet of around $1.4 billion in cash with virtually no debt. + +With Ryan Cohen as the new Chairman of the Board, and a new technology focused board of directors (2021), GameStop now have a unified leadership fully committed to two long term goals: ‘Delighting Customers & Delivering Value for Stockholders’. GameStop is the largest video game retailer worldwide; They have undergone a radical strategic transformation, expanding their business model to compete and thrive in an era of mobile gaming and digital downloads, and has been busy reinventing itself as a major ecommerce player. Gamestop already has the footprint of 4,816 stores in 14 countries, and over 55 million PowerUp reward members. As it moves forward with its ecommerce and NFT marketplace, the longer-term potential for this company could rival market giants like Amazon, Apple, and Meta (Facebook, Instagram etc.). + +A potential crypto/NFT related dividend or Direct Registration of Shares (DRS) representing the company’s float may trigger a squeeze; but notwithstanding these potential squeeze catalysts, GameStop’s business’ fundamentals have drastically improved, and the stock has moved into the Russell 1000 midcap index. It is highly anticipated that the company’s earnings and market share will continue to grow, with the stock being added to the S&P 500 by next year. + +\-------------------------------------------------------------------------------------------------------------------- + +&#x200B; + +**How the GameStop Hustle Worked, June 22, 2021.** How hedge funds and brokers have manipulated the market. By Lucy Komisar, Investigative journalist and Winner of Gerald Loeb Award, the major US prize for financial journalism\*\*:\*\* [https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +**When corporations own the media:** [https://www.youtube.com/watch?v=D9rbHpA\_6W4](https://www.youtube.com/watch?v=D9rbHpA_6W4) + +**Short sellers influencing the media and controlling the GameStop narrative**: [https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/](https://upsidechronicles.com/2021/09/05/how-wall-street-short-sellers-are-trying-to-control-the-gamestop-narrative/) + +There are several instances with documented proof of media manipulation, and their spreading and creating FUD (Fear, Uncertainty & Doubt) around GameStop. If you look into the ownership of the country’s largest newspapers and media outlets, you will find market makers, hedge funds and big money corporations - which have their own agendas - own and influence these companies. Ask yourself, why has the media been so intent on communicating GameStop is a poor investment choice – for 12 months straight!? Why are they so concerned to advertise and advise against this company? + +CNBC cut and removed the following statement from an interview with Gary Gensler, the new SEC chairman. Gary Gensler responded by tweeting a video clip of the deleted statement from his interview: “We must guard against fraud and manipulation, whether from big actors, hedge funds, or elsewhere. We are taking a close look at market structure to ensure our capital markets are working for investors”. + +CNBC also tried to steer the narrative away from Citadel during the congressional hearings into Gamestop and Robinhood. The only part they edited out was the ten minutes and eighteen seconds of the hearing that targeted Citadel and Robinhood (between hour 2:37:34 and 2:47:52). + +**Big money influencing politicians and regulators:** [https://www.trustnodes.com/2021/08/08/janet-yellen-accused-of-banking-corruption](https://www.trustnodes.com/2021/08/08/janet-yellen-accused-of-banking-corruption) + +&#x200B; + +**Jim Cramer on hedge funds scamming markets**: [https://www.youtube.com/watch?v=gyaPf6qXLa8](https://www.youtube.com/watch?v=gyaPf6qXLa8) + +**Interactive Brokers' interview with CEO Thomas Peterffy:** Brokerages cut off buying but allowed selling, a precedent setting move that prevented GameStop's squeeze in January and exposed a systemic risk in our markets: [https://www.youtube.com/watch?v=Yq4jdShG\_PU](https://www.youtube.com/watch?v=Yq4jdShG_PU) + +**Jim Cramer** **discussing Citadel** (Citadel Subsidiaries are a Market Maker, Hedge Fund & Dark Pool): [https://www.youtube.com/watch?v=OFaRrvTqjbw](https://www.youtube.com/watch?v=OFaRrvTqjbw) + +**The corruption of the SEC, over decades and till today, June 6, 2021:** [https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/](https://www.thekomisarscoop.com/2021/06/the-corruption-of-the-sec-over-decades-and-till-today/) + +**Wall Street veteran Charles Gradante:** Calling out naked shorting of GameStop and the subversive strategies used by hedge funds: (listen from 3 min 30 sec) [https://www.youtube.com/watch?v=OChaTm0To1U](https://www.youtube.com/watch?v=OChaTm0To1U) + +&#x200B; + +**SEC filing:** **Richard Evans presentation on ETF SI and FTDs**\*\*\*:\*\*\* Naked short selling or operational shorting? How naked shorting can be hidden through the clever use of Authorized Participants of ETFs : [https://www.youtube.com/watch?v=ncq35zrFCAg](https://www.youtube.com/watch?v=ncq35zrFCAg) + +**ETF Short interest (SI) & Fail to Delivers (FTDs)**: [https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf](https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf) + +**SEC proposed rule changes** to prevent fraud, manipulation and deception in connection with derivate security-based swap transactions\*:\* [https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf](https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf) and [https://www.ft.com/content/4464e205-3708-49ec-83b9-eb4934ce3a51](https://www.ft.com/content/4464e205-3708-49ec-83b9-eb4934ce3a51) + +**A video that explains the basics** in simpler terms: [https://youtu.be/o0rTD4EmnJ8](https://youtu.be/o0rTD4EmnJ8) + +&#x200B; + +**Valuing GME:** \[Note: There are several methods for valuing a company, and analyst values will vary.\] + +*Morningstar analytics* sets $GME Price Target of $315: Quantitative Fair Value Estimate represents Morningstar’s estimate of the per share dollar amount that a company’s equity is worth today. The Quantitative Fair Value Estimate is based on a statistical model derived from the Fair Value Estimate Morningstar’s equity analysts assign to companies which includes a financial forecast of the company. [https://www.morningstar.com/stocks/xnys/gme/price-fair-value](https://www.morningstar.com/stocks/xnys/gme/price-fair-value). + +*Intrinsic value analysis* on GameStop: [https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal](https://www.linkedin.com/pulse/gamestop-ordinary-stock-nor-failing-brick-and-mortar-retail-michal). + +&#x200B; + +**Estimating** ***Retail*** **Share Ownership:** (Excludes Institutional, Insider or other types of ownership): [https://i.redd.it/zwtz4i3c65h71.png](https://i.redd.it/zwtz4i3c65h71.png) + +&#x200B; + +**Tweet from Gamestop.** Note that the reddit community refers to themselves as ‘apes’, going to the moon with the MOASS (Mother Of All Short Squeezes): [https://i.redd.it/p7ivyuap6jy61.jpg](https://i.redd.it/p7ivyuap6jy61.jpg) + +&#x200B; + +**Regulatory Updates for the fist half of 2021:** + +[ Note: FINRA, DTCC, ICC, OCC and NSCC are all self regulating. Many board members are from the very firms they are supposed to be regulating. The fines for breaking the rules are extremely nominal and are just considered as ‘the cost of doing business’. ](https://preview.redd.it/8oled11ymsc81.png?width=1000&format=png&auto=webp&s=16af0f8ba5be0494bb1114127269830192eae6eb) + +&#x200B; + +# LinkedIn turning up the 🔥🔥🔥 + +[Social Media 📲🦜](https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fsearch%3Fq%3Dflair_name%253A%2522Social%2520Media%2520%25F0%259F%2593%25B2%25F0%259F%25A6%259C%2522%26restrict_sr%3D1&data=04%7C01%7C%7C35f6bc9f1f354cc5267208d9a085b122%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637717319080380705%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=9KQVIYjNWUk6qLHqZeqdsG8p3sXKXSlue7ZeilbwABw%3D&reserved=0) + +https://preview.redd.it/utvtpz24nsc81.png?width=742&format=png&auto=webp&s=0179cdd2b2567b1aedc41b61bffe4610044a7925 + +&#x200B; + +https://preview.redd.it/9z8o1dc8nsc81.png?width=750&format=png&auto=webp&s=288b51537a1a3320fd12045f3c912e2428480f62 + +# ‘The Squeeze Has Not Yet Been Squoze’ + +The amount of supporting information on the manipulation of $GME GameStop can be overwhelming. However, simply put - the price is wrong - and will continue to be wrong until the manipulation of the stock is eliminated and the short positions are closed (not covered). GameStop has a huge advantage over startup tech-companies as it enters the ecommerce metaverse, ‘quietly making their actions speak louder than words’. GameStop is not an ordinary stock, nor is it a failing brick-and-mortar retail chain like Wall Street previously thought. It is a very well financed, established growth company, with grand plans in the foreseeable future. + +Feel free to reach out to me for more information and supporting documentation of this truly unique investment opportunity. + +&#x200B; + +**Reddit Library of Due Diligence, Art Books, and Periodicals**: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) + +GameStop’s e-commerce NFT Marketplace; NFTS and Blockchain + +GameStop’s transformation, fundamentals, and prospects + +How Hedge Funds bet against you using 13F and derivatives + +Darkpools, Payment for order flow (PFOF) & Internalizing trades + +Naked short selling (illegal, but rampant in our financial markets) + +Direct Registration of Shares (DRS) + +The GME MOASS & Infinity squeeze theology + +ETFs, FTDs (Fail to Deliver) and Short Interest + +The derivatives market and how 2008 is repeating itself + +Shareholder proposals + +The Federal Reserve and their recent 11.23 trillion dollar bail out of banks and their derivatives exposure + +Ask Me Anything (AMA) Videos and transcripts with industry professionals + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------------------------- + +**For fun:** + +Wall Street Pharaoh: GameStop Soundtrack: [https://youtu.be/JgrSfDppVuc](https://youtu.be/JgrSfDppVuc) + +The Big Squeeze: [https://youtu.be/YhREEtWfeUQ](https://youtu.be/YhREEtWfeUQ) + +HOLD - The Gamestop Saga Soundtrack - The Real DMT: [https://youtu.be/D\_zFBnYdZiM](https://youtu.be/D_zFBnYdZiM) + +\--------------------------------------------------------------------------------------------------------------------------------------- + +**The following are some additional links to information and due diligence shared via the Reddit community** *(PDFs attached: House of Cards, Citadel Has No Clothes, The Bigger Short & The Everything Short; plus):* + +[https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[https://www.reddit.com/r/Superstonk/comments/mx25li/the\_most\_manipulated\_stock\_a\_gme\_comprehensive\_dd/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mx25li/the_most_manipulated_stock_a_gme_comprehensive_dd/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/nletnn/gme\_the\_mother\_of\_all\_short\_squeezes\_moass\_thesis/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pbibrk/the\_start\_of\_the\_swaps\_packaging\_meme\_stocks\_up/](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/) + +[https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_3/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/?utm_source=share&utm_medium=web2x&context=3) + +[https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping\_regulations\_for\_offshore\_risk\_the\_full/](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/) + +[https://www.reddit.com/r/Superstonk/comments/prpum9/computershare\_and\_drs\_is\_the\_way\_it\_ignites\_the/](https://www.reddit.com/r/Superstonk/comments/prpum9/computershare_and_drs_is_the_way_it_ignites_the/) + +[https://www.reddit.com/r/Superstonk/comments/s3n4pw/the\_compendium\_of\_wrinkles\_correlating\_different/](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +&#x200B; + +# [Part 2: The Bankruptcy Jackpot & GME MOASS Theory (GameStop History)](https://www.reddit.com/r/Superstonk/comments/qxncko/part_2_the_bankruptcy_jackpot_gme_moass_theory/) + +\[ Edit - for some reason this got deleted by mods. I will try again tomorrow, but in the interim you can see the same version (other sub) pinned on my profile page\]. + +\[Edit 2: Added video explaining the basics and updated links for fun/hype videos\] + +&#x200B; +First off I bet you are wondering how you could possibly have a DD post on a tweet. Well, the tweet in question is the one tweet from DFV that I believe he was trying to drop us a major hint on what he is looking at. But nobody here seemed to ever be able to decipher it. + +I believe I have deciphered it, and you won't believe what I found after months of pondering this tweet. This is not just simply confirmation bias. This is decoding the tweet and then researching what data we have to support it. + +[DFV Tweet 4\/9](https://preview.redd.it/ry2vy4qod6071.png?width=1500&format=png&auto=webp&s=fd5a55a8bc9c62e44a77a303d34dfd529527df16) + +# First, we will start off with the obvious. + +Edit: [But also first, I discovered something not so obvious. The cards shown are directly cropped from google images. However, I still believe they can mean something, and well if I'm wrong then at least you got to join me in tin foil hat land for a minute.](https://www.reddit.com/r/Superstonk/comments/mo1pfh/i_am_here_to_burst_your_bubble_analysing_dfvs/) + +On the table of cards already played (which represents the past), we have in the order they would have been played: + +Green reverse = Stonk rises + +2 = February + +2,4 = 24th + +WILD CARD = The definition of a wild card outside of UNO is, "a person or thing whose influence is unpredictable or whose qualities are uncertain." This could have several meanings in this context, but I'll leave that up to you. Read on later and help me decide. + +So what's the final message on the table? The stock had a large price rise on 2/24 due to the unknown entity (citadel/shorters I'm guessing), or outside force. I think this is an easy message to draw from this. + +# Next, we move onto the cards in the cat's hand. + +Edit: [It has come to my attention that this image was used in the cats hand. Therefore, the cards were not hand picked by DFV.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys2o81?utm_source=share&utm_medium=web2x&context=3) + +I am pretty certain these are meant to be read left to right. So we have: + +\+21 = To me this clearly references the 21 FTD cycle as 2/24 mentioned in the cards already played was the first FTD reset and the 21 FTD cycle is one of the bigger things we look at on this sub. + +WILD CARD = Same meaning from above. Unknown entity influence (possibly Citadel/shorters) + +Now this is where I struggled for the longest time. Next, we have a 6 and a draw 4 (+4). I really think the simplest explanation is the best one here. I believe it literally means 6 + 4 = 10. I couldn't figure out why the number 10 for the longest time until I started playing around with the chart. Stay with me here. + +https://preview.redd.it/qmoreqqd76071.png?width=1098&format=png&auto=webp&s=ec0c0366247992faf94ab7cbf211810b8c26bdce + +The blue lines are the 21 day FTD cycle, and the orange lines are the 21+10 days. I believe DFV is pointing out the 21 day FTD cycle that ended/started on 2/24, and that on the 10th day after we had a huge hit down in price. + +What really makes this interesting, is the day DFV tweeted the cats playing UNO. + +**DFV tweeted the cats playing UNO on 4/9, the second time we hit the 21 day FTD cycle +10 days**. I believe he did so because he had a theory, and once proven gave us this massive cryptic hint. + +Also: + +[Look what else he posted on 4\/9 just before the cats playing UNO. \\"What do we say to the god of death?\\" \\"Not today\\"](https://preview.redd.it/5vrxppelu6071.png?width=601&format=png&auto=webp&s=cdb18a8d1ee30766089a85b6fca74d146e6fadd9) + +&#x200B; + +So this really got me thinking. What the hell is happening on these +10 days? + +They are all days we saw, relative to the time period, massive attacks on the price. Why would we see attacks on the price so periodically? Well, I believe it's to meet some kind of risk/capital/margin requirement by lowering the price so that the calculation isn't underwater. + +https://preview.redd.it/cm5dqotls6071.png?width=1097&format=png&auto=webp&s=4b8f60ce431b48363529cac6941ae5483c43b78e + +If we assume that the orange days are the days they need to meet risk requirements in order to avoid a margin call, then we can also assume that the lows on those days are the number they needed the stock at to avoid liquidation from too much risk. For shits and giggles, trending this, we get the pink line. + +# Which I found stunning that it plotted a straight line. + +The yellow line is the higher lows. This is where the support from retail buying and holding can be tracked. + +I find it frankly amazing that **the intersection of these two is right around 5/10 when we broke out of our major 5-month wedge** that I'm sure you've all heard about. Since then we have been stair-stepping upwards in a really nice way. + +My takeaway? **I believe the hedge funds have been overrun. They no longer have the capacity to keep the price down at the level they need in order to meet their risk requirements to avoid liquidation.** + +Now, I bet you are wondering what is the risk requirement they are needing to meet on these days. I am also wondering this myself, and I believe I may have an answer, but I am not well versed in the area of the trading matrix, and its rules and obligations. So I really would like to see if anyone can expand on this or has a different explanation. + +# The Liquidation Horizon + +There is one particular rule that I found about a 10-day Liquidation Horizon that is enforced by the [International Derivatives and Swaps Association (ISDA)](https://en.wikipedia.org/wiki/International_Swaps_and_Derivatives_Association). As the name suggests, this is an organization that facilitates and monitors derivative and swap transactions. ISDA has more than 925 members in 75 countries; its membership consists of derivatives dealers, service providers, and end-users. Googling Citadel and ISDA shows that Citadel definitely uses them, but beyond that, I'm a bit lost. + +**The Liquidation Horizon rule deals with Non-Cleared OTC Derivatives.** + +So firstly, What is a non-cleared OTC Derivative? + +[A derivative is a security with a price that is dependent upon or derived from one or more underlying assets. Its value is determined by fluctuations in the underlying asset. The most common underlying assets include stocks, bonds, commodities, currencies, interest rates, and market indexes. Depending on where derivatives trade, they can be classified as over-the-counter or exchange-traded (listed).](https://www.investopedia.com/ask/answers/052815/what-overthecounter-derivative.asp) + +Non-Clearing simply means that a clearinghouse is not used for the transaction and therefore you can (from my understanding), for lack of better words, bounce checks. + +So to sum up, it's OTC transactions that are privately facilitated between both parties without the use of a clearinghouse. + +# Back to the Liquidation Horizon. + +These are some snippets [from here](http://assets.isda.org/media/7dd1c040/8cc1a146-pdf/), and the author points out some of the problems with the current 10-Day Horizon. Worth the full read. + +*" The BCBS-IOSCO guidelines (BCBS-IOSCO, 2015) define the Initial Margin requirement as an amount that “covers potential future exposure for the expected time between the last variable margin exchange and the liquidation of positions on the default of a counterparty”. It is further specified that the calculation of this potential future exposure “should reflect an extreme but plausible estimate of an increase in the value of the instrument that is consistent with a one-tailed 99% confidence interval over a 10-day horizon, based on historical data that incorporates a period of significant financial stress.* + +*The guidelines propose two methods for computing Initial Margin requirements for non-cleared derivatives. The first method, called the standard schedule approach, computes Initial Margin proportionally to the notional size of the contract, applying precalibrated weights linked to the type and maturity of each asset. These weights represent conservative estimates for the 10-day 99% loss quantile for a directional position in a typical index in each asset class.* + +*Regardless of how these weights have been calibrated, such an approach is clearly not risk-sensitive: it does not properly account for netting and hedging effects, nor does it distinguish between an at-the-money option from a deep out-of-the-money one. It therefore typically leads to an overestimation of margin requirements and, more importantly, as the level of Initial Margin does not vary proportionally with any reasonable risk measure of the position, it does not provide the correct risk management incentives to the counterparties. Presumably, its main purpose is to serve as a (costly) fallback option and motivate market participants to use the alternative internal model approach."* + +Options you say? Hmmm... last time I checked hedge funds were hiding their FTD's in options contracts because the question of where the underlying stocks are is never asked by the counter-party in the transaction. + +Another interesting quote is the one below. Could this also have to do with margin requirements with the banks? + +*"Although the choice of the internal model is left to market participants, the horizon of the calculation, sometimes designated as the margin period of risk (MPOR), is not: it is fixed to 10 days, which is twice the horizon used for centrally cleared swap contracts (5 days). The rationale for this choice can be traced back to the minimum risk horizon of 10 days used in the Fundamental Review of the Trading Book (FRTB) guidelines (BCBS, 2014) for the determination of bank capital requirements.* + +*As explicitly stated in the CFTC final rules: “To the extent that related capital rules which also mitigate counterparty credit risk similarly require a 10-day close-out period assumption, the Commission’s view is that a 10-day close-out period assumption for margin purposes is appropriate.” It is noteworthy that the referenced capital rules do not offer a rationale for the choice of a 10-day horizon. "* + +# Continuing on... + +*" As pointed out in (Avellaneda & Cont, 2013) and (Cont, 2015),* ***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size.*** *For example, if the size of the position is of the order of magnitude of a typical trade or less than, say, 10% of daily volume, it may be feasible to unwind it in a single day. On the other hand, if a market participant has accumulated a very large position in some instrument, corresponding to, say, 5 times the average daily trading volume, it may not be feasible to unwind it in 5 or even 10 days, whether or not this instrument is cleared by a CCP. So, the determinant of the liquidation horizon is not the ‘market liquidity’ of the asset viewed in isolation, but the size of the position relative to the market depth. Such examples of large concentrated positions are not hypothetical and have been associated with large liquidation losses in financial institutions (see e.g. Cont & Wagalath, 2016). "* + +Read that again, "***the appropriate closeout horizon for a position depends on the size of the position relative to the daily trading volume or, for an OTC contract, the typical trade size."*** + +Ya know, I kinda recall seeing a few posts about [low trade size in OTC markets](https://www.reddit.com/r/Superstonk/comments/n5qp96/ama_followup/)... /s + +[Courtesy of David Lauer himself](https://preview.redd.it/k38yriexm6071.png?width=1219&format=png&auto=webp&s=17a23251a3ad9f0e7ed4bed54a8b23485b3610f4) + +u/dlauer notes that the overall volume of OTC has not increased, however, the transaction size has dropped massively. **According to the calculation to determine OTC risk, the smaller the trades, the less margin requirement you will have.** + +So what happens when a party does not meet the requirement of the liquidation horizon calculation? + +*" When a clearing participant in a CCP defaults, the default management procedure requires the CCP to liquidate the position of the defaulted clearing participant, usually through an auction procedure. The liquidation horizon considered for IM calculations is supposed to correspond to the duration required for the CCP to take notice of the default and set up the auction process. The auction usually needs to take place in the week following the default event and the CCP does not have the option of retaining these positions beyond the liquidation horizon, as stipulated in the CCP’s default management procedure. Any market loss incurred on the positions of the defaulted member between the default date and the liquidation date thus flows to the CCP. Therefore, a measure of the market risk exposure of the member’s portfolio over the liquidation horizon, for example using a 99% VaR or expected shortfall measure, seems a reasonable basis for quantifying the actual exposure of the CCP during closeout. Indeed, this approach is used by many CCPs for computing IM. "* + +I am going to have to cut this short as I could keep going down this rabbit hole longer, but I think I have shown some interesting things to think about. Again, I am not well versed in the gears that turn the machine, so please take the Liquidation Horizon thing with a grain of salt until more wrinkly-brained apes chime in. + +# Summary: + +Unfortunately, I am really unsure on how to wrap this up into a TLDR as the bit about the Liquidation Horizon is something I've just been looking into today. That being said, there does seem to be quite a bit of empirical evidence that backs up DFV's tweet, and the conjecture from the Liquidation Horizon does seem to back up David Lauer's data. I know it is a bit of a bland read in the second half, but trust me it's worth the read. + +It seems clear to me that Citadel and friends no longer have the ability to keep the price down enough in order to meet their margin requirements for their OTC derivatives. Therefore, they may be subject to liquidation of their options positions. + +I am completely open to *constructive* criticism and if anything in here is proven to be wrong, I will make edits as best as I can. I'm just some dude. + +Edit 1: For some extra tit-jacking, here is [Ryan Cohens Tweet from today.](https://twitter.com/ryancohen/status/1395047208748261379) A heart emoji. Also expressed as < 3, or in English, less than three. Less than 3 what, Ryan? Tradng Days? + +Tit-jacking edit 2: [Here is RC's tweet referencing 10 days.](https://www.reddit.com/r/Superstonk/comments/ngoodu/dfvs_cat_uno_tweet_and_what_he_was_trying_to_tell/gys6tey?utm_source=share&utm_medium=web2x&context=3) +This is basic but was news to me, maybe it will help someone. I always dismissed Good Rx because I had decent prices through my insurance, until this year. I have a new nurse practitioner who told me about this: + +One particular medication: + +- insurance = $46/mo. + +- without insurance, with Good Rx = $300+ at CVS and Walgreens + +- with Good Rx at Winn Dixie = $14.00 + +!!! + +Winn Dixie is a chain of cheap supermarkets. I had no idea CVS and Walgreens were *that* overpriced. Find a cheap grocery store. The Good Rx app will tell you how much it is and where. +Background: I (20s f) work in IT, specializing in the implementation of a large SaaS platform. I currently work at a large firm with a good reputation and name recognition, but am passively looking at options for my next career move. + +I interviewed with company A after throwing an application their way, with the intention of brushing up on my interview skills and seeing where it might lead. Interview went great, as did the accompanying peer interview the following week. Hiring manager and I discussed salary, we were both on the same page, all that good stuff. For reference, I hold a couple of certifications and have worked successfully in technical roles for almost four years. I feel it's pretty apparent that my resume and interview skills reflect my ability to work with the platform in question. + +Here is where it gets weird-- company A's hiring manager tells me that as the next step in their process, I am assigned a "project" that will "show my technical and consulting abilities" to company A. The project in question? A literal 30-40 hour commitment that requires large scale platform architecture/building, a 30 minute presentation (with a custom slide deck), and 30 minutes allocated for "questions" at the end of the presentation. I almost choked on my water when I read the email. + +At my normal hourly rate (roughly calculated based on my current salary), this amount of work would net me about $1,800. Honestly, I don't plan on doing this assignment because I think it's outrageous. I'd be happy to have a quick 1-2 hour call with some of the team to demonstrate my knowledge of the platform, but 30-40 hours is ridiculous, especially considering that the company might ghost me, or worse-- take my ideas and implement them for their current customers. + +My friends have told me to tell company A my hourly rate and ask for an address to send an invoice to... which I think is kinda funny, considering that I do not care about the job any longer and maybe could make a point to the hiring manager. But realistically, what should I do? Is this type of work even legal in the US? I've never seen such a large ask from a potential employer with no indication of compensation. + + +EDIT: Thank you for the wonderful advice given prior to the thread being locked! I've sent the company an email politely declining the offer. I do not plan on pursuing this opportunity any further, and I'm also aware that I'm probably being underpaid despite working at one of the Big Four (yay for being a woman in tech!). Anyway, thanks again for your support-- I hope everyone has a great weekend :) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +2 years ago I moved to a spacious 2 bed flat (£235k) in Slough. I'm single, live alone, and have friends and family in East London. I'm quite introverted and have no friends or support network in Slough. I drive to London every 2 weeks to visit them. At the time, it felt right moving to Slough since it was affordable, quiet, good amenities and closer to work by car. + +With lockdown restrictions and a new annoying neighbour above me, I'm missing London and family even more. Slough is decent but I feel it doesn't offer many social opportunities. In my opinion, it's good for couples or young families. Currently, I resent the fact that I didn't rent before committing to a property. + +It's my goal to move back to London but it feels nearly impossible to reach. Though a flat is practical for my current situation, I now prefer houses due to the reduced noise from neighbours and no lease restrictions. Decent 2-bed **houses** start from £340k+ and my current mortgage is for £183k. I live frugally, rarely order takeaways and go out. + +**Other information** + +1. In two years, I've managed to save £40k through a redundancy pack, savings and landing a higher salary job (£55k). +2. Since I'm mostly working from home, I tend to save 2k a month after all essential expenses are paid. +3. Monthly mortgage is £667 per month (I took out a 35-year plan - 3 yr fixed) + +If you were in my shoes, what would be your plan of action? I've contemplated investing in the stock market (ETFs and mutual funds) and planning to open an account soon. +I've only been in the crypto game for a couple of months now, but that means I've seen a few large dips in the market. EVERY time this happens, coinbase completely stops working, with nearly everyone unable to buy and sell. + +I'm not trying to buy or sell myself right now, but I feel like people are overlooking what a massive fucking problem this is. How are people supposed to take crypto seriously and feel like it's a legit investment when they can't move their coins every time the price drops a meaningful amount? People always complain a bit when this happens but it seems everyone gets over it pretty quickly. + +How is coinbase viewed as a trustworthy, legitimate actor in the space with this GLARING problem? Especially given the whole bitcoin cash fiasco that happened this week as well. +Southern California incase that helps. + +So quick story, my 28 week pregnant wife died almost 2 years ago, an emergency C-section was done. The baby was not doing well and he had to be transported to a children’s hospital 100 miles away by helicopter due to the more advanced ventilators they had. + +I got billed for 75k, which my insurance company paid 35k of so now the transportation company is coming after me for the remaining balance. + +Talking to my insurance company, they said 35k is the average cost and what they billed was ridiculous compared to what other medical helicopter transports charge. They agreed to dispute the charges on my behalf. + +Today I received a call from the a collection agency telling me that negotiations fell apart as they would not accept my insurance companies offer of $3,000 to settle the remaining charges. + +I’m at a loss on what to try next, obviously going from a 2 income home to a 1 income home has taken a great deal of stretching and cutting to a point that a 40,000 payment plan wouldn’t be possible. + +I never had to deal with a collection agency before so I don’t know what they can or can’t do. I’m guessing they would take me to court if I gave them the middle finger? And I’ve heard they’ll settle for way less than the initial bill just because some money is better than no money. + +Can anyone point me in the right direction where to go from here? Can’t afford a payment plan, maybe a lump sum of around 6k when I get my tax return in January + +PS. My son is a champ and overcame all his initial problems when he was born. Happy and healthy to this day! Shoutout to Valley Children’s Hospital in Madeira. +**Note 1:** I posted this a few days ago, when the S&P switch was announced, but the timing was not good (slid down the sub, when RC's tweet came out!) Re-posting, because this is critical information that I think most Apes would be both interested in *and* I feel is important to be aware of. + + + **Note 2:** This is not financial advice. I am simply sharing information and data from independent research I made into my favourite stock. I have included numerous links to the sources, so please feel free to verify further. If you are interested in these topics, please carry out your own research and due dilligence. + + +**0. Preface** + +My good hairy Apes! Some of you may remember the DDs I published in the past, on the topic of GME moving between market indexes: + +*Russell rebalancing and move to the Russell 1000:* [https://www.reddit.com/r/Superstonk/comments/nu91kx/russell\_1000\_many\_poorly\_researched\_or\_purely/](https://www.reddit.com/r/Superstonk/comments/nu91kx/russell_1000_many_poorly_researched_or_purely/) + +*Potential S&P 500 inclusion in the future:* [https://www.reddit.com/r/Superstonk/comments/nv3n42/sp\_500\_index\_inclusion\_followup\_to\_my\_russell/](https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/) + +*A prediction on why the Russell 1000 might not have as positive an impact as was being hyped:* [https://www.reddit.com/r/Superstonk/comments/o7npci/too\_many\_jackedup\_posts\_today\_about\_the\_russell/](https://www.reddit.com/r/Superstonk/comments/o7npci/too_many_jackedup_posts_today_about_the_russell/) + +*Some explanatory notes on why that, indeed, turned out to be the case:* [https://www.reddit.com/r/Superstonk/comments/o7vthv/price\_action\_in\_the\_last\_few\_minutes\_and\_after/](https://www.reddit.com/r/Superstonk/comments/o7vthv/price_action_in_the_last_few_minutes_and_after/) + +Now I see the news about GME moving indexes, from the S&P SmallCap 600 to the S&P MidCap 400, has quite rightly jacked your tits! I have received requests from a few of you Apes about my views about this announcement, hence why I am posting this DD. Here is the Press Release from S&P Dow Jones Indices announcing the change and its timing: + +[https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210727-1426761/1426761\_4xpo6lb4wri64spin2.pdf](https://www.spglobal.com/spdji/en/documents/indexnews/announcements/20210727-1426761/1426761_4xpo6lb4wri64spin2.pdf) + + +**1. What Is This Post About?** + +There have been a few posts already about the impact this may, firstly this post by u/Insahnitee on how other stocks performed immediately after similar announcements: + +[https://www.reddit.com/r/Superstonk/comments/ot11fe/study\_from\_texas\_am\_on\_how\_announcements\_for/](https://www.reddit.com/r/Superstonk/comments/ot11fe/study_from_texas_am_on_how_announcements_for/) + +And also this informative post by u/tardnugget on what the historical impact on the 600 to 400 switch has had on other stocks: + +[https://www.reddit.com/r/Superstonk/comments/ot3yv6/why\_the\_inclusion\_in\_the\_sp\_midcap\_400\_has\_my/](https://www.reddit.com/r/Superstonk/comments/ot3yv6/why_the_inclusion_in_the_sp_midcap_400_has_my/) + +As you can see from these posts, in general these announcements and switches have had a bullish impact on other stocks. I do not want to cover the same ground as these posts, but instead to look at the data on GME shares themselves. So this DD will go over what kind of share volume movements we may see in the ETFs tied to these two S&P indexes. + + +**2. Market Indexes** + +For those Apes who do not understand what these indexes are and how they impact a stock and its share price, allow me to go over some of the basics. If you are familiar with this terminology and these financial products, feel free to skip ahead! + +So what exactly is a market index? As per [Investopedia](https://www.investopedia.com/terms/m/marketindex.asp) these are: + +*A market index is a hypothetical portfolio of investment holdings that represents a segment of the financial market. The calculation of the index value comes from the prices of the underlying holdings. Some indexes have values based on market-cap weighting, revenue-weighting, float-weighting, and fundamental-weighting. Weighting is a method of adjusting the individual impact of items in an index.* + +The key point here is that it is a *hypothetical* porfolio i.e. there are no shares held by an index itself, or the company that produces the indexes. So who makes them? Well the main players in this sub-industry within Financial services are: + +* Standard & Poor's +* MSCI +* FTSE +* Dow Jones & Co. +* FTSE Russell +* S&P Dow Jones Indices + +These companies - some of which are joint ventures, as seen above - produce a large number of indexes of various kinds. The two most important of these in the United States are the famous [Dow Jones Industrial Average](https://us.spindices.com/indices/equity/dow-jones-industrial-average) and the [S&P 500](https://www.spglobal.com/spdji/en/indices/equity/sp-500/), which are grouping prominent Large Cap firms (30 in the case of the DJIA, and in fact 505 in the case of the S&P 500). In the Mid Cap space, the most important index is the [S&P MidCap 400](http://us.spindices.com/indices/equity/sp-400), and for Small Caps the most important is the [S&P SmallCap 600](http://www.spindices.com/indices/equity/sp-600), which GME is currently a constituent member of. + + +**3. Index-Tied ETFs** + +So if these indexes are purely hypothetical, and these companies producing the indexes do not hold any shares of the companies, then how can it have an impact on share prices? Well the answer to that is that these indexes are the fundamental basis on which the ETF market is built on. Again, as per the definition provided by [Investopedia](https://www.investopedia.com/terms/e/etf.asp): + +*An exchange traded fund (ETF) is a type of security that tracks an index, sector, commodity, or other asset, but which can be purchased or sold on a stock exchange the same as a regular stock. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies.* + +*A well-known example is the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can contain many types of investments, including stocks, commodities, bonds, or a mixture of investment types. An exchange traded fund is a marketable security, meaning it has an associated price that allows it to be easily bought and sold.* + +Some indexes are "actively managed", which means that their holdings are decided on by (usually) a human fund manager, and its constituents can be bought and sold at any time of their choosing by this manager. A famous example of these are the ETFs of Ark Investment Management LLC, which has made a lot of news in the last couple of years. + +However the vast majority are actually "passively managed", in that their constituents are not decided on by the asset management firm that manages the ETF. Instead, they track an independent benchmark - these are in almost all cases a market index of the type described in the previous section. And for the Mid Cap and Small Cap ETFs, the most important are - you guessed it! - the S&P MidCap 400 and S&P SmallCap 600. + + +**4. S&P SmallCap 600-tied ETFs** + +There are a LOT of ETFs that are tied to the S&P SmallCap 600 index, including those listed within the following pages: + +[https://www.spglobal.com/spdji/en/indices/equity/sp-600/#index-linked-product](https://www.spglobal.com/spdji/en/indices/equity/sp-600/#index-linked-product) + +[https://www.spglobal.com/spdji/en/index-family/equity/us-equity/equal-weight/#indices](https://www.spglobal.com/spdji/en/index-family/equity/us-equity/equal-weight/#indices) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-growth/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-growth/#overview) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-value/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-value/#overview) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-pure-growth/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-pure-growth/#overview) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-pure-value/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-smallcap-600-pure-value/#overview) + +Some of these are derivative indexes, in that they use the S&P SmallCap 600 index as their base, but specifically include only "value" stocks or "growth" stocks. Note that although many of us Apes, including of course DFV himself considers GME a "value" stock, in fact for indexing purposes it is usually considered as a "growth" stock... + +Not all of the ETFs that have some tie to the base S&P SmallCap 600 index contain GME, but most of them actually do. I have gone to the trouble of checking the holdings of each one of these ETFs' holdings, to gather the number of GME shares held in each. The asset management companies for each ETF makes this information public, although not all of them do so with great regularity. However with the most recent data available, the S&P SmallCap 600 index tracking ETFs with the most number of GME shares includee: + +* IJR - iShares Core S&P Small-Cap ETF (Blackrock) = 3,643,308 shares +* IJS - iShares S&P Small-Cap 600 Value ETF (Blackrock) = 470,383 shares +* IJT - iShares S&P Small-Cap 600 Growth ETF (Blackrock) = 329,051 shares +* SPSM - SPDR(R) Portfolio Small Cap ETF (State Street) = 215,696 shares +* SLYV - SPDR(R) S & P 600 Small Cap Value ETF (State Street) = 210,939 shares +* VIOO - Vanguard S&P Small-Cap 600 Index Fund ETF Shares (Vanguard) = 186,078 shares +* RWJ - Invesco S&P SmallCap 600 Revenue ETF (Invesco) = 143,699 shares + +In fact, there are 18 such ETFs in total and, with the most recent data available, I have calculated the total number of GME shares held in these to be 5,706,189 in total. That is the number of shares that have to be re-balanced out from these ETFs by the end of the trading day next Wednesday 4th August. Note that the total value of these shares, based on yesterday's closing share price is a little over $1.0bn. For comparison purposes, this is about *four times* the number of GME shares that had to be re-balanced out of the Russell 2000 tracking ETFs last month... + + +**5. S&P MidCap 400-tied ETFs** + +Okay, so we now know how many shares have to be removed from the S&P SmallCap 600-tied ETFs. The next step is to figure out how many will have to be added to the S&P MidCap 400-tied ETFs, to reflect the switch to this index. This is tricky for two reasons: (1) we do not know exactly which of the derivative ETFs it will be added to, and (2) we do not know how large a weighting GME will carry in the index. Before trying to tackle these problems, let me first share the ETFs tracking this index: + +[https://www.spglobal.com/spdji/en/indices/equity/sp-400/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-400/#overview) + +[https://www.spglobal.com/spdji/en/index-family/equity/us-equity/equal-weight/#indices](https://www.spglobal.com/spdji/en/index-family/equity/us-equity/equal-weight/#indices) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-growth/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-growth/#overview) + +[https://www.spglobal.com/spdji/en/indices/strategy/sp-midcap-400-value/#overview](https://www.spglobal.com/spdji/en/indices/strategy/sp-midcap-400-value/#overview) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-pure-growth/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-pure-growth/#overview) + +[https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-pure-value/#overview](https://www.spglobal.com/spdji/en/indices/equity/sp-midcap-400-pure-value/#overview) + +What I have done to get around the problems highlighted above is to use a proxy for GME. Based on the most recent closing price, it is actually the [558th largest company by market capitalisation](https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/?page=6) in the United States. Additionally, it is in the 'Consumer Discretionary' category that the index maker uses. The companies which are currently in the S&P MidCap 400 in this same category AND with a similar market capitalisation are the following three: + +* **Williams Sonoma** (ticker: WSM) - kitchen wares and home furnishings retailer, with a market capitalisation about $1bn less than GME +* **Lithia Motors** (ticker: LAD) - automotive retailer, with a market can about $1.25bn less than GME +* **Deckers Outdoor Corporation** (ticker: DECK) - footwear and general fashion maker, with a market capitalisation about $1.5bn less than GME + +These companies are all slightly smaller by market capitalisation than GME. In fact, GME is going to enter the index as the largest Consumer Discretionary company, however of comparable size to the above three to make them good proxies. Therefore I repeated the same exercise as I carried out previously, to calculate the value of the shares of each of these companies' stocks in the S&P MidCap 400-tied ETFs. Here is what I found: + +**Williams Sonoma** (ticker: WSM) = $692m worth of shares held + +**Lithia Motors** (ticker: LAD) = $471m worth of shares held + +**Deckers Outdoor Corporation** (ticker: DECK) = $402m worth of shares held + +Based on GME being slightly larger than these firms, the weighting in the index for them should also be slightly larger by August 4th. However, I would estitmate that the total value of the GME shares that will be added to the S&P MidCap 400-tied ETFs will be approximately $800m. This is based on the share price being roughly around $170 on Wednesday 4th. + + +**6. What Gives? That's A $200m Drop In Forecast Holdings...** + +Indeed, that is what the ETF data seems to point towards. Why might this be the case? I think the main factors are the following: + +(A) Similar to when GME moved from the Russell 2000 to the Russell 1000, this move is also seeing them going from being a "big fish" in a pond full of goldfish, to a "small fish" in a pond filled with some large tunas. GME is currently weighted second largest in the S&P SmallCap 600, but would have a middling-to-higher position in the S&P MidCap 400. + +(B) The Assets Under Management (AUM) of the S&P SmallCap 600 ETFs and S&P MidCap 400 ETFs are quite similar. In fact, the SmallCap ETFs have slightly larger total AUMs even, so combined with (A) above, it would mean there are fewer GME shares needed to correctly reflect the weighting within the index. + +Consequently, these calculations appear to point to the asset managers in charge of these ETFs having to drop over a million GME shares out of these ETFs before the end of next Wednesday... + + +**7. This Is Disappointing Then, Right?** + +Actually, potentially not! Many of you Apes might remember the huge number of hype posts before the Russell Reconstitution. The similar ETF share data calculations I carried out pointed then to a net loss of stock, and I predicted a neutral impact on the share price. That did turn out to be the case, not just in the run-up to the rebalancing going into effect, but also for about 2 weeks after. June 18th was the date that occurred, and the price had barey budged up until early July. Sideways Trading Guy was delighted! + +I think there are several reason that happened then, and why I predict a neutral effect again this time (i.e. not a bearish impact). Namely, these reasons are as follows: + +* For most stocks, the old adage is that investors *"buy the rumour and sell the news".* I actually think GME has been completely the opposite for some time, because those long on it - not just Apes, but institutions as well - actually *"buy the news"*. This is seen as a volatile stock to many outside Apedom, but with good and constantly improving fundamentals overall. Hence although some shares may get sold into the open market, I believe there are going to be plenty of buyers of the stock to negate the selling pressure. +* This post has been about the S&P SmallCap 600 and S&P MidCap 400 ETFs, as I wanted to share the data specifically for these funds. However the move to the MidCap will postiively influence other index makers and other active fund managers to consider adding GME to their own mid-cap funds. This decision by S&P Dow Jones Indices does not compel these fund managers to make such decision, but it will certainly have a strong influence onn them to do so. As a result, I would not be surprised if GME is added to more mid-cap ETFs and mutual funds, or have its weightings increased in them due to this news. +* Scroll up and look at the asset managers in charge of the largest of these ETFs. They are almost all the "Big Three" in the asset/mutual fund management world: Blackrock, Vanguard an State Street. These firms' total holdings of GME stock barely budged during the Russell Reconsitution, depite the data pointing to them having to reduce their holding to correctly reflect the change. Why? Because I think they did not sell the excess shares, but moved them from the index-tied ETFs to actively managed funds instead. +* I am speculating here, but I actually predict the same thing will happen with this index shift too i.e. the Big Three will not reduce their overall holdings of GME shares, but instead move excess shares to other, none-index tied funds. Remember that any GME shares held in index-tied funds *cannot be sold during the peak of the MOASS*. Hence for the likes of Blackrock, having additional GME shares in actively managed funds could be enormously more beneficial when we squeeze. The more they can potentially move out of passively managed index-tied funds and into actively managed funds, the more they can potentially sell themselves and profit from during the MOASS. +* Again speculation here, but some of you Apes may remember how the very end of Russell Reconstituton day went on June 18th. You may recall there was a huge block of volume that took place just at the start of after-market hours, which had no impact whatsoever on the price. I strongly suspect this was Blackrock and Vanguard moving excess shares from their Russell 2000-tied ETFs to their actively managed funds. Doing this would have no impact on the price, as they are in effect selling to themselves. I would not be surprised if we see something similar happening again in after-hours on August 4th, as evidence of this theory. + +These Whales having even stronger incentives to kick-off the MOASS themselves, which could become the case if they increase their GME share holdings in their actively managed funds, would certainly be a bullish factor. Unforunately we would not be able to definitively verify (e.g. using 13F filings) for some time after August 4th, if this is what takes place. But this is what I am conjecturing at this point, and jacking my tits as I write this in tingling excitement for Wednesday... + + +**TL;DR:** GME is going to be shifted from the S&P SmallCap 600 index to the S&P MidCap 400 index on August 4th. There are numerous passively managed ETFs that are tied to these two indexes, and which contains GME shares in their holdings. A thorough analysis of these holding indicate that about $200m worth of GME shares may be necessary to be sold off, in order to correctly reflect the index change. However, the nature of the stock and - more speculatively, but also more compellingly - Blackrock, Vanguard and State Street have strong reasons and mechanisms not to do this. Consequently, I believe the net effect of this shift will be a neutral impact on the share price. (Of course, there are plenty of other factors which may have an effect on share price during this same time period.) +I'm a M48 living in the Midlands. Currently earning £45k pa as a software engineer although this should rise slightly in the summer, also bonuses of around £9k pa paid directly into work pension. I try to get as much as I can into my ISA and SIPP. + +&#x200B; + +I own a 2 bedroom end-terrace house - paid off mortgage about 10 year ago. Purchased for £51k in 2001 - probably worth £140k-£150k now after a little bit of work. No debts - just bills. + +&#x200B; + +I moved into my long-term gf's house temporarily 8 months ago due to her health/medical problems, and we've decided I should make it a permanent move. I will be setting up a direct debit to give her money each month to help with bills. + +&#x200B; + +I need to decide what to do with my house. I think I would get around £7k-£8k pa rent. I would use a property management company so would see maybe 10%-15% deducted for their fees, and then obviously tax - I would move into the 40% tax band. If I sold it I'm not sure what I'd do with the lump sum apart from make sure my ISA and SIPP allowances were fully used each year. + +&#x200B; + +Any advice? + +&#x200B; + +EDIT: + +&#x200B; + +Thanks to everyone who posted. Lots of valuable information there. Pros and cons for both pathways. I must admit I'm even more unsure about what to do now. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +**$UWMC - Today's Rent, Tomorrow's Mortgage - United Wholesale Mortgage Trade Analysis** + +--- + +&nbsp; + +It’s no secret that $RKT is absolutely ripping. It’s also no secret that you missed the fucking rocket. Once again, you’re stuck bagholding dogshit while your friends are partying on the moon. I’m here to tell you that it’s all going to be okay. Do not FOMO into RKT while it's on its way back down to Earth. I’ve got another rocket lined up, fueled, and ready to rip. Enter $UWMC. + +&nbsp; + +--- + +#Background + +United Wholesale Mortgage (UWMC) is a company who underwrites loans for independent mortgage brokers, banks and credit unions. It doesn't lend directly to borrowers - Instead, borrowers mainly deal with the company's loan servicing department. They recently went public through the SPAC known as GHIV, and since then, their share price has unfortunately been on a steady decline, until today. + +&nbsp; + +--- + + + +#A Swing Play, a Value Play, and a Long Term Hold, All Rolled Into One + +As /u/Winring86 eloquently stated, UWMC is a swing play, value play, and long term hold rolled into one. UWMC is in a very bullish position due to it being an ideal candidate for swing trading, value investing, and growth investing. This attracts people from a wide variety of investing backgrounds, ultimately giving it some insane exposure within the institutional, and retail spaces. Furthermore, there are a number of positive upcoming catalysts for UWMC, as well as positive analyst sentiment about long term prospects. + +&nbsp; + +--- + + + +#Swing Play + +Currently, there are two swing-play catalysts in effect for UWMC. + +&nbsp; + +**Catalyst #1)** + +It’s in the same sector as RKT. We all see what’s happening with that right now - It’s the entire reason I even thought of this play to begin with. As much as people try to deny it, certain “baskets” of stocks trade in relation to one another. This was most prominent during the GME squeeze. GME started ripping, and it started carrying other trash up with it, like AMC, NOK, BB, etc. The movement of these stocks seemed almost intertwined. GME ripped, and so did the other meme stocks. GME started drilling, and the rest followed suit. The exact same thing is happening in today's market environment. RKT is ripping, and it’s drawing attention to other mortgage and finance stocks, causing them to gap up as well. So long as RKT keeps ripping, the rest should follow suit, and since UWMC is so much closer to it’s floor (only up 20% compared to RKT’s 120%), it results in us being able to place a much safer bet. Luckily, this isn’t the only catalyst, which means that if RKT starts to go down, there may be a divergence among these equities, with UWMC continuing to trend upwards even after the RKT fiasco ends. + +&nbsp; + +**Catalyst #2)** + +On the morning of March 1st, it was announced that UWMC will be added to the Russell 1000 and Russell 3000 indices. These inclusions almost always result in a price increase, due to the indices and index funds having to purchase shares for exposure. Furthermore, this also results in the future potential for UWMC to be added to the S&P 500. + +&nbsp; + +With the explosive growth of companies within the same sector, as well as index inclusion being right around the corner, UWMC seems like an extremely good candidate for a potential swing trade. + +&nbsp; + +--- + +#Deep Value Play + +From a strict fundamental perspective, UWMC is horribly undervalued. Many of the same principles /u/DeepFuckingValue uncovered in Gamestop are present in UWMC today. They have an incredible balance sheet, insane YoY growth, and fundamentally sound business prospects. These metrics include : + +- A P/E ratio of 3.8, compared to the sectors average of 14.0 +- Forward P/E of 6.11 compared to the sectors average of 11.0 +- **Q4 2020 Net Income of $1.37 billion and FY2020 net income of $3.38 billion - An 821% and 715% increase over 4Q19 and FY19 respectively** +- Q1 2021 expectations : 22.6% - 34.4% increase from Q1 2020 +- 5% Dividend, coming up on March 9th +- High level of institutional ownership +- Short Interest of around 35-45% + +&nbsp; + +UWMC absolutely brutalized their earnings, and are expected to continue dominating them well into the future. Smart money has loaded up on shares, and is waiting for liftoff. The current valuation of UWMC is criminal, and I can easily see this stock reaching into the high twenties over the course of the following year. + +&nbsp; + +--- + +#Long Term Prospects + +On top of the deep value play, UWMC is also poised for steady, long term growth. UWMC is projected to have a better 2021 than 2020, and see a steady increase in EPS. This is starkly different from its peers, who are expected to experience the opposite - Most companies within the same sector are expected to have significantly worse years going forward, following the inevitable hike in interest rates, which UWMC actually looks forward to. Since UWMC is a mortgage lender, a hike in interest rates will result in an insane jump in profits for them as a company, leading to explosive growth. The company is poised for success even after the swing trades and value plays have run their course, and to me, that’s extremely bullish. + +&nbsp; + +--- + +#Trading Strategies + +Given that my thesis has convinced you, we arrive at the fun part of the article - the trading strategies. Overall, there are many ways to approach this trade, and I’ll lay them out in relation to the type of play one would want to make. + +&nbsp; + +If you’re looking for a short term swing play, your best bet would likely be the April contracts at the $10 or $12.5 strikes. These options are trading dirt cheap, and if you believe that RKT and UWMC will continue to run in tandem with one another, these would prove to be an awesome pickup. These will likely be best to buy on or after March 10th, after the ex-dividend date, as stocks tend to drop post dividend. These contracts will give you exposure to the bullish runs within the mortgage sector, as well as the pre Russel index inclusion runup. + +&nbsp; + +If you’re looking for a deep (fucking) value play, you could look to sell ATM cash secured puts on the underlying and pray for assignment. Alternatively, you could outright buy a boatload of shares and LEAPS (similar to what DFV did with GME back in June). Both would work just fine, and would let you capitalize on the value prospects of this play. + +&nbsp; + +If you’re just looking for a nice stock to buy and hold, grab some shares, wait for the inevitable runup post Russel inclusion, and sell some covered calls once the premiums start to get jacked to the tits. You’ll amplify your returns, while reaping the benefits of organic stock appreciation. + +&nbsp; + +--- + +#Bear Thesis + +Alongside every bull thesis, there must be a bear thesis, otherwise I’m no better than a pump-and-dumper. Below, you can find a list of potential negatives related to UWMC, with respect to the various investing timelines discussed above. + +&nbsp; + +**Swing** + +- RKT can grind to a halt, killing all momentum within the sector, similar to how GME took out the other meme stocks when it popped. +- Russel inclusion doesn’t drive up the price nearly as much as anticipated, resulting in little change in the underlying's price. +- Stock and option pricing sometimes drops post dividend - pay close attention to March 9th. +- Although uncommon, the low float may result in potential manipulation from MMs. + +&nbsp; + +**Deep Value** + +- Mortgage industry faces potential insecurity, as the promise of 0% interest rates may be extended all the way until the end of 2022 +- Mortgage companies are not “sexy”. In a market dominated by innovation and tech, investors may be reluctant to invest their money in a “boring mortgage company”. +- Insiders are allowed to sell in 6 months time. Luckily, the CEO of UWMC owns 90% of the company, and has been adamant that company will prove itself to be worth analyst's valuation of at least $14.50 - Take this with a grain of salt. + +&nbsp; + +**Long Term Prospects** + +- An upcoming market or housing crash could potentially result in this sector being hit harder than the others. This is an extremely unlikely scenario, as we will likely have far bigger problems than UWMC dropping 2$ back down to 7$, but still one to consider nonetheless. + +&nbsp; + +--- + +#**Conclusion** + +All in all, amidst the RKT madness, UWMC seems to provide us with an awesome trading opportunity. With different trades applicable to three distinct investing styles, UWMC offers the potential for everyone to make some coin. If you want to capitalize off of the RKT pump and index inclusion, you can look to swing trade with some cheap option contracts. If you’ve done your due diligence, and like what you see on UWMC’s balance sheet, you can take a deep value approach and mimic the methods of our king. Lastly, if you’re just a boring ass boomer, you can grab some shares and enjoy the gain train. If you enjoyed the DD, feel free to follow me on twitter, or join my investing discord. You can get access to my DD days in advance. Links can be found on my profile! :) + +&nbsp; + +--- + +**Sources** + +• https://finviz.com/quote.ashx?t=uwmc + +• https://www.bamsec.com/filing/119312521027468?cik=1783398 + +• https://www.bamsec.com/filing/119312520296072?cik=1783398 + +• https://yetanothervalueblog.com/2021/01/quickie-idea-uwmc-squeezing-higher-post-despacing.html +So I called Etrade to ask about my proxy voting number. This is new to me as I have never voted my shares before. I assumed I would get some email from Etrade regarding this and when I didn't I was scared to stumble upon a fishing scam from all the warnings here. So I called their 1800 number and when I spoke with them they generated my number for me and it only took less than a minute to go vote. That being said, the guy on the phone told me that's all he's done this morning is take calls about gamestop proxy voting of shares. He said he has never seen so much attention to this before like he has with Gamestop. When I asked him about how many shares most of the people he had talked to had, he said he couldn't say, except I had a relatively small position. Considering I am a XXX share holder. I feel as though not enough of the single share holders are voting. Please rest assured your single share or even fractional shares are just as important. Please please do not ignore the voting. Its not a catalyst but it will most definitely play a part and shed light back on the naked shorting. You need to vote people. 💎👐👨‍🚀🚀🚀🚀🚀🚀 +40 in February felt like one of the scariest times to buy, when it was in fact the best time to buy. We might not get much better of a dip than this. Added X today, sitting at XX. Every red day I add more. I'm not a wealthy individual so adding in the 300s was harder to justify, the more they naked short this price down the easier they make it for apes like myself to add to their position. See you never once the MOASS happens ;) +Hi Everyone, + +Does anyone have a value or growth thesis on Palantir? I have been trying to do a bunch of research but the financials and public documents are limited. I was just wondering if anyone has some sort of thesis on the company? Karp and Thiel are brilliant, but crazy at the same time +Hi Everyone, + +Does anyone have a value or growth thesis on Palantir? I have been trying to do a bunch of research but the financials and public documents are limited. I was just wondering if anyone has some sort of thesis on the company? Karp and Thiel are brilliant, but crazy at the same time +27, 70k a year. + +Yearly Contributions + +401k - 19000 + +401k Match (5%) - 3500 + +Roth IRA - 6000 + +If I start with $30k, add $28.5 a year for 30 years with 7% compounding interest. I would have 3 Mil in the bank. Hell, if I did it for 20 years I would still have 1.3Mil. + +I could definitely get away living on 40k a year in retirement. Does this mean I can spend my extra money without guilt? +Yesterday the "meme" (that's how dirty Media calls them, to mock us, but in real gme isn't a meme stock, it's the CHAMPION) stocks moved, popcorn moved 13%, bath stock moved 4.5% and gme moved ONLY 1.5%. + +They can only suppress GME that much, because we still have many apes, who have faith in brokers and use them. The brokers will NEVER have your own intrest in first line, don't be stupid. + +IB chairman peterfly said, if the hedgefund clients go bust, the brokers have to pay the bag. So how can you think, that when you're client, they will allow you to take their money, if they can illegally stop it but pay a small fine? + +It's time to accept the FACT, that only YOU have it in your hand, if you Want to keep getting fcked or finally STAND UP AND WIN! + + +if only 25% member of Superstonk can Direct register with computershare 60% of FREE FLOAT, then the other 75% should finally WAKE UP AND DO THEIR FCKING WORK. look at popcorn apes, their stock went from 70 to now 8 dollar. + +Direct register your shares and they cannot naked short the stock anymore + +EDIT: TALK TO YOUR FAMILY, FRIENDS AND CO ABOUT GME. + +I will NOT STOP TO SPEAK THE TRUTH UNTIL THEY STOP TO CRIME +Good day, fellow retards. We are entering a new stage of the short squeeze. It’s apparent by now that it’s not playing out like the VW short squeeze because the setup was so long and out in the open. Hedge funds had time to collude and plan how they’re going to deal with the fallout. As we saw last week, they came up with some clever fuckery. + +&#x200B; + +For a recap, here are some tactics we saw from them: + +\- Short attacks driving the price down, triggering stop loss sells and trading halts. + +\- Spreading the word through the media that they had already closed their short positions + +\- Putting pressure on brokers to limit buying of GME and killing the buy side of the trade, making it easier to drive the price down. + +\- Low volume ladder attacks to drive the price down and forcing out paper hands. + +&#x200B; + +We held strong, guys and gals. We closed Friday just a few dollars shy of the highest closing price on Wednesday. But now the real trench warfare begins. + +Melvin told CNBC that they closed out their short positions. I have a theory that this may not be technically false, with a caveat. I think it’s very possible that Hedgies have closed out their ORIGINAL short positions, but they’ve been replaced with new short positions. These guys are not going to lose billions of dollars lying down, so they must have their own end game for how to get out of the trade alive, and perhaps even make a profit. + +If GME was a tasty short target at $15, imagine how irresistible it is at $320. These fuckers lost their shirts on the original trade, but they see an opportunity to make it back on this new trade by repositioning their old shorts from the $15 to new shorts in the $200-300s. + +&#x200B; + +How can we know this is likely true?: + +\- The short interest has fluctuated, so we know there has been some covering + +\- The short interest has remained high, somewhere around 100% or above + +\- There have been short attacks in $100s, $200s, and $300s, so we know there are new short positions at those levels. + +\- Hedge funds are cocky assholes and they’ll do anything to turn a losing trade into a winning one, and if it fucks over the little guy to scare them back to submission, all the better. + +&#x200B; + +So basically, nothing has changed. This is still a short squeeze play, just with much higher stakes. We have the advantage however, because it doesn’t cost us anything to hold onto our shares, whereas it’s costing Hedgies billions of dollars to hold out. We will know we are winning next week if we continue to see more de-grossing in the broader market. If we can hold out, we can take this to the next leg up, ACT III, and eventually the end game. + +TLDR: 💎 🙌 🚀🚀🚀🚀 + +&#x200B; + +Edit: + +Positions: I own Shares + +Disclaimer: I am not a professional. This is not a recommendation. +Question for you guys. How many of you know somebody that was in crypto but completely cashed 100% out of crypto now after having been in it for more than a year that included lots of serious reading? + + I've never met a single person that cashed out who was also heavily involved with researching it. + + Just imagine all of the people coming in that are also going to stick around with the Mainstream news parading going on. + +I mean it's going to have to take a Black Swan to shake people for good. Some kind of Black Swan that shakes the tree as much as Mount gox did . I'm not even sure how many people left after the Dao and went back to normal investments. I can't see people getting out of this due to boredom in the near future. But whatever. Crypto will become boring someday just like other things I guess. It's going to be getting pretty comfortable for people to leave money in it regardless of the risk. Lots of things coming down the pike I hope make it easier for people to consider it just another asset class that can be easily participated in without a whole lot of worry. Seems like it's the easiest asset class experience out there in terms of low barrier to entry.. It was for me at least. + +And if it ever becomes boring then I guess we've arrived? + +Tldr. How many of you know someone who has cashed out 100% who also consider themselves very knowledgeable and crypto to begin with? For me that number is 0. +Hello everyone, + +I have been a member of this sub for quite a while, and though I have been inspired by many, most of the posts here seem to be written by those who already on the FI journey for quite awhile, and sometimes its hard for me to relate to.Most of my saving was used as a downpayment for our first apartment with my spouse, and I started saving again almost from 0. + +Before we got this place, we made a decision not to buy anything major (furnitures or devices) for the new home, except things like absolutely necessary like lightnings and so on. It's been only a few months after the purchase of the apartment, but we have replaced our sofa, most of our kitchen wares, got new coffee maker, microwave, made the cat its own catio on the balcony, new sets of linens, etc. Reasons are because either something broke, or too old or ugly and didn't fit into the new place. I also upgraded to the new iphone, and the old one went to my spouse as her old phone battery is dying fast and unreliable. But you get the picture. + +Now we don't have to finance any of those purchases, but it means the saving stash grows quite slowly, and though I understand the mathematical part of saving, it still feels so little and sometimes i just want to treat ourselves a nice dinner or a day out doing something fun. It sounds like we are the basic consumers, but we were very frugal in the past, especially when both of us were studying. Most of our stuff were old, or given to us, and when we moved into the new place, the apartment has a newly renovated kitchen and bathroom, and all of our stuff suddenly looked like an eyesore. To be honest, I am happy with how our place looks like right now, as I reasoned that those would be 1-time purchase for quite awhile. I also feel like I don't have as strong motivation to save as before the apartment purchase, but I definitely want to be FI. + +My question is when it is a lifestyle creep, and when it is not? How do you justify these impulses? + + +Edit: Thank you everyone so much for your comments. I have received a lot of good advice here. For context, we are living in Finland so we don't have the investment systems like Roth or similar kinds like in the States, but I pay about 7-8%/month for social security (or state pension fund) & unemployment fund. Meaning if something happens and I lose my job, I would get unemployment compensation for roughly 75-80% my monthly salary for about 6 months while looking for a new job (or more - maybe, i never really look into it). + +We both had small investments in some basic index funds & we didn't have to sell them when we purchased the apartment. We keep our finances separately for tax reasons, and have a mutual account for family stuff. Beside mortgage, we don't have any other loans. We both have about 2-3 month salaries for emergencies, and we don't touch them if we want to buy things like phone or furnitures and so on. + +We keep a relatively low cost lifestyle but like some people pointed out, probably we had been too frugal in the past and when we bought the place, we sort of went overboard. We do maintain a budget but it's only for the mutual expenses. + +Now I will try to set up some sort of discretionary money like some people have suggested, i think it's a really good idea. +**SOME PERSONAL WORDS FIRST** + +Note: My first language is Swiss German so there might be a lot of typos and grammatical and maybe also semantic mistakes in this post. + +Also I initially wrote ATS instead of OTC. My brain just thought "3 letter abbrevation" so yeah.. + +I don't want to scream "forum sliding". Maybe it's just natural trends that come and go. I think though that it is important to shed light again on what I think to be the most important things of all: Naked short selling and the FTD that it brings. As Dr. Trimbath said, there would be no need for any other regulations if FTDs were simply forbidden. Since it automaticly would solve the whole problem of naked short selling as all those trades would have to be reversed. + +There is a lot of talk about dark pools. Idk why. Dark pools are nothing "sensitive" to talk about. It's not a controvercial topic. It is literally an integral part of the market. I'm not talking about the activities or the problems that it brings. I'm just talking about their existence. Also it seems that Superstonk just loves to take the words of u/dlauer and throw them straight into the trash can, since people here STILL love to just use the term "dark pools" when they in fact talk about OTC trading: IT. IS. NOT. THE. SAME! + +OTC internalized trading is where retail trades are internalized (by Citadel and such) and is different from a dark pool. OTC is where the whole thing of PFOF comes to play. It is not something illegal (maybe it should be but that's not the point). It's like saying: "Look, we found the existence of Liquor Stores! Hah! Let's point fingers at those stores so people finally wake up and see that they exist!" Well no shit they exist. + +\------------------------------------------------------------------------- + +**PRELUDE** + +You know what does exist, that the industry very much doesn't want to acknowledge and has somehow died on here too? Naked shorts. That's where the whole problem is burried. + +Since I live in Europe my NYSE traded GME shares have to be held by a custodian. This custodian is chosen as a partner by my broker. In fact there might be several entities in this whole chain known as a "custody chain". The shares aren't held directly in my name. They can't be, since I'm not a US citizen. So someone has to do that instead of me. I'm the "UBO" or "ultimate benificial owner" of the share so I'm still the one that has the voting rights and the rights to recieve dividends; it's just a little more complicated than if you'd live in the US. + +What has this got to do with GME? Well I wanted to know what custodian my broker (Degiro) picked as their partner to hold their shares, so that I could do some back ground checking on them. So I asked Degiro and here is their reply: + +&#x200B; + +[Translation: They use Morgan Stanley as their custodian](https://preview.redd.it/zuljfsdk4ph71.png?width=1479&format=png&auto=webp&s=07813e44af5912e03829dec98c9e61dab514b685) + +&#x200B; + +Thanks to atobitt's HoC DD I know where to look for the FINRA reports I read them and this is a part that seemed rather shady but hey: Aren't they all shady? + +&#x200B; + +[From: https:\/\/files.brokercheck.finra.org\/firm\/firm\_8209.pdf PAGE 53](https://preview.redd.it/07flcmbbyoh71.png?width=859&format=png&auto=webp&s=8c3ed4810116f76d30c5b181a0dd3bf02cbb198a) + +Degiro also has a pretty shady part in their terms and conditions: + +&#x200B; + +[Translation: In case that the held shares aren't around anymore \(for what ever reason\), the deficit of the missing shares is passed on to the customers and divided in proportion to the size of the position each customer holds \(and yes this also holds true for the Custudy-Account type where they're not supposed to lend your shares\).](https://preview.redd.it/eiosudy35ph71.png?width=658&format=png&auto=webp&s=f506e1a1ce62d5c4b1a593f68bb360f4020eff53) + +So I thought maybe I could transfer some of my shares from Degiro (or Morgan Stanley, since they're the custodian) to my local bank. Of course they also have to be partnering with a custodian too. So I walked into my bank and told them that I was interrested in maybe transfering some shares but wanted to ask some questions first. They set up a meeting right away (it's actually a credit union, they're awesome when it comes to this). They got me the head private financial advisor of the local union. He really wanted to help me but it turned out that he doesn't really know that much abount international market trading since this is a very small credit union and they let UBS handle their stock market trades (oof). He told me I should send them a list of questions and that they would forward them to get the answers that I was seeking. So I did just that and I asked about who they use as a custodian and who would have to hold the bag in a situation of when the custodian would default on his obligation to deliver the shares in case when I want to sell during MOASS. These are the replies: + +&#x200B; + +[Translation: They partner with UBS which then in turn most of the times uses Citibank as custodian](https://preview.redd.it/a7zkt64q0ph71.png?width=1729&format=png&auto=webp&s=e8995308131ada8b46bafcf63c98c17b4fffe10b) + +[Translation: In case of a default the party that defaulted has to pay up. It can't be passed on to the owner of the share.](https://preview.redd.it/w2ktkr860ph71.png?width=1765&format=png&auto=webp&s=3a3dbbabf3c2485f50d25048402c7b9b86c2d20d) + +That's a little better than what Degiro does. So I initiated a transfer of some shares, eventhough Citibank is a pos institution too. I will explain why in the following part. + +\----------------------------------------------------------------------------------------- + +**MAIN PART** + +NAKED SHORT SELLING TO YOUR OWN CUSTOMERS + +So I then went on to do a back ground check on Citibank and oh our dear u/atobitt has already done that in his HoC, so here is a quote which he has gotten from this FINRA filing [https://files.brokercheck.finra.org/firm/firm\_7059.pdf](https://files.brokercheck.finra.org/firm/firm_7059.pdf) + +Citigroup Global Markets | Disclosure 11 – “THE FIRMS TRADING PLATFORM FAILED TO RECOGNIZE THAT THE FIRM WAS SELLING SHORT WHEN IT WAS ACTING AS THE CONTRA PARTY TO A CUSTOMER TRADE. AS A RESULT, THE FIRM ERRONEOUSLY REPORTED SHORT SALES TO A FINRA TRADE REPORTING FACILITY AS LONG SALES… EFFECTING SHORT SALES FROM ITS OWN ACCOUNT WITHOUT BORROWING THE SECURITY…” + +a. $225,000 FINE + +Citigroup Global Markets | Disclosure 60 – “…THE FIRM RECORDED 203,653 SHORT SALE EXECUTIONS ON ITS BOOKS AND RECORDS AS LONG SALES, SUBMITTED INACCURATE ORDER ORIGINATION CODES AND ACCOUNT TYPE CODES TO THE AUDIT TRAIL SYSTEM FOR APPROXIMATELY 2,775,338 ORDERS… “ + +a. $300,000 FINE + +Citigroup Global Markets | Disclosure 77 – “…FAILED TO PROPERLY MARK APPROXIMATELY 9,717,875 SALE ORDERS AS SHORT SALES… FINDINGS ALSO ESTIMATED THAT THE FIRM ENTERED 55 MILLION ORDERS INTO THE NASDAQ MARKET CENTER THAT IT FAILED TO CORRECTLY INDICATE AS SHORT SALES…” + +a. $2,250,000 FINE + +&#x200B; + +\-------------------------------------------------------------------------- + +**TLDR / DISCUSSION**: + +So do you see it? Do you see why naked short selling is such an incredibly important topic? They freaking sell shares naked to their own customers. This is evidence of Citibank doing it so just imagine what Citadel will do in their OTC trading! They are the designated market maker for GME. They can literally satisfy all the retail buy orders with naked sales so that they never see the market. They take the contra party to those trades. The OTC interanlized trading of Citadel is the perfect opportunity to naked sell. Sure they have to report volume and the price of the transaction but it doesn't show who were the parties in those trades. That is the issue here. It is all internalized. We can't prove that those transactions are naked short sellings bc it might as well be 2 retail trades (one sell, one buy) that could have taken place. You can't tell one from the other. THAT'S why OTC trading (and not dark pools) are so dangerous. They literally use the buying pressure as a way to introduce more naked shorts. + +EDIT: Wrote ATS instead of OTC +I have about 14k in various stocks. I have 2k in my savings account. I really tried to push the stock market hard this year as a means to make some money. Hence no savings. My cat is now really sick and needs a surgery and I’m looking at about 10k all said and done. I’m going to go through with it. I have no credit card debt right now. Would it make sense to put the surgery on the credit cards and keep the money in the stocks? Then work on aggressively pay them off in the next several months. Maybe get it done in the next 6 months. Or pull out all that stock money and pay for the surgery outright? + +Edit: after and x-ray and an MRI. The prognosis wasn’t good. So we decided to put him down today. If we would’ve kept going for treatment the estimated cost would’ve totaled 17k all said and done. And a questionable quality of life. Getting a second opinion, traveling to Mexico, going to a veterinarian school and getting a no interest credit card were all options suggested to me. None of those options seemed to work out for us. Still ended up costing around $5,500. For the overnights and all the test. Thank you to everyone who reached out and spent some time with my story. +[DTCC Twitter](https://twitter.com/The_DTCC) + +[Today I ask:](https://twitter.com/Jabarumba/status/1516053373837254658) .@The_DTCC How can the #DTCC argue that Dark Pools are not being abused when #ElonMusk bought $3 billion in $TWTR, with no appreciable price movement, then after he files his 13-G, the stock moves double digit percentage points? Is this how $GME #GME is being suppressed? This is not price discovery, it's crime, right? + #DRSGME + +(actual tweet edited for size) +Please spare me the lecture of "Don't sell calls at a price you wouldn't be comfortable losing your shares at." + +Yes, I understand I am limiting my gains. I get why you track your B/E and try not to sell under. Blah blah blah. + +My real question is this....Do you guys typically double down when your assumption of bullishness is still intact? + +Example. I was lucky enough to buy gold a while ago and it just kept falling on me. Sold calls along the way. Collected like 3.00 in premium. Today it went through my call and I bought 100 more shares. I am basically trying to capture the gains up without giving up my assumption that gold will go back up eventually. + +What do you guys do? I love hearing strategy and approaches as it helps solidify or challenge my mindset and strategy. +UPVOTE ⬆️ ⬆️⬆️⬆️🆙 + +Reposting from [InvestingRetards](https://www.reddit.com/r/InvestingRetards/) + +SO EVERYONE CAN SEE THIS & WE DON’T LOSE. + +We need as many warriors as possible. + +We made it through the battle today and are UP 69% (nice). The hedges are only getting more desperate after the put options that expired today but REMEMBER: they have at LEAST 2-6 days in the market to pay these off, and likely have MANY MORE options expiring in coming weeks. With the lack of shenanigans today I predict an extended-hours ladder attack is incoming when many retail traders are sidelined from the action, combined with another media push of scare tactics incoming this weekend. We were caught off guard with the RH bullshit but hopefully enough people can get set up with Fidelity, CASH, WeBull, TD Ameritrade or whatever brokerage, next week to even the playing field. But above all else: fuckin hold and we're golden + +DON'T TRUST EXTENDED HOURS PRICES TODAY OR MONDAY MORNING. + + DON'T TRUST ANY MEDIA HITPIECES CLAIMING THE SQUEEZE IS OVER THIS WEEKEND. + +THEY WILL TRY TO KILL THE HYPE WHEN TRADING IS DOWN AND CAUSE A MONDAY SELL-OFF. + +HOLD. THE. FUCKIN. LINE. + +Want to connect to like minded people for further discussions: [InvestingRetards](https://www.reddit.com/r/InvestingRetards/) + +*obligatory 'not a financial advisor' BS goes here, we just like the fuckin' stock* +So far some less known crypto exchanges announced the suspention of accounts of whole Russian citizens and it seems that as war rages on this practice is getting popular and is being demanded continuously worldwide. First of all, the average Russian Ivan is not responsible for wreckless and savage actions of his government especially given there is still dictatorship in Russia and obviously no one asks him there whether he wants Putin or not. What's more blocking funds of the entire nation because of political motives will make crypto CEXs almost equal to government banks. + +If you just don't want to serve Russian, Belarussian, North Korean or any country you just have to announce it beforehand to give people time to withdraw their crypto to cold wallets like some CEXs stopped service for Chinese users with several warnings months before. + +Obviously crypto communities and their members should not be looted by CEXs because of the country they reside. +Always, during bull runs a lot of new people get interested in crypto to join in on the hype! Which is good for crypto because we like adoption! + +A lot of them won’t know the basics, like Market Cap, difference between good and shitcoins and a lot of other stuff. + +Instead of mocking them for thinking Shib can reach $0.1, teach them about market cap and how it’s almost* impossible for that to happen. + +*almost because nothing in crypto is impossible. + +This sub did teach me a lot, but I was a lurker and I didn’t ask any questions, I only read other people’s question and people answering them. Most of them were nice, but some were not so nice. + +Do your part for helping crypto grow! +So, I FIRED about a year and half ago and own a duplex where I live in one unit and rent out the other. Had to renovate the place when I first bought it but everything is pretty good with it now. However, yesterday the AC went out so I got a repair crew in this morning to check it and yep, AC system is bust, it's 19 years old so was pretty much near the end of its lifecycle and repairing it would sort of just be slightly delaying the inevitable so I bought a replacement. New system is going to cost around $8k (including extra filters and UV lighting to help its longevity and keep down the microbes), definitely not a fun expense, but it is a long term investment and I can't exactly skip it, especially in this summer. + +Fortunately, I've been keeping over a years' worth of spending in cash in case of emergency, and so I was able to pay for it without having to go onto a payment plan (really don't want to be locked into a 10 year plan which is what they were pitching). Now, the stock market is still really strong right now so it wouldn't exactly be a disaster to sell some stocks currently, but if the market was down, and I didn't have enough cash on hand, having to choose between selling undervalued stocks or locking myself into a long payment plan wouldn't really be a happy choice to make. + +So yea, no regrets about having my emergency fund, even if it means missing out on a bit on some potential market gains. It also helps a lot with peace of mind as I don't have to worry about how every little bounce of the market might affect me in the short term. +Howdy Superstonk, + +In my previous DD’s I have begun investigating how the options chain for GME has historically correlated with the price of the underlying stock, and what it means for price discovery. You can find these DD’s below. + +[It Takes Money to Buy Whisky: Distilling GME's Options](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) + +[It Takes Money to Buy Options: Distilling GME's Whisky](https://www.reddit.com/r/Superstonk/comments/t20ims/it_takes_money_to_buy_options_distilling_gmes/) + +Additionally, for those that are interested, I previously wrote about the DTCC Continuous Net Settlement (CNS) system, which has been getting some renewed interest in the sub, so it may be of interest to newer members. + +[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) + +After exploring the relationship between options chain delta and GME price, I got a lot of great questions about max pain, so I decided to start digging into it. Primarily, I wanted to investigate the long held belief on this sub that options writers are manipulating the price of the stock to inflict maximum pain on retail options buyers. Do market makers simply take the money from options buyers through stock price manipulation, or are the options buyers dictating the price of the stock through market maker hedging? Does the dog chase the tail or the tail chase the dog? + +# Intro to Maximum Pain + +Briefly, maximum pain is the stock price at which the maximum number of contracts on the options chain go out of the money. Max pain has been discussed extensively on this sub for a long time, and the traditional dogma is that the market makers, or the options sellers, are manipulating the price of the stock to always end at max pain, the price at which the most number of options buyers end up with worthless contracts. The conclusion of this statement is that buying options is simply giving money to the opposition and doing nothing to furthering MOASS (potentially even hurting MOASS!). My hope is that by the end of this DD many people who feel this way will at least reconsider and challenge this sentiment. + +# Historical Max Pain for GME + +Below is the historical max pain price plotted alongside the price of GME. I don’t even need to do a regression to prove to you that they are correlated (R\^2 = 0.7278). The most notable deviation is during the January Sneeze, mainly because the price exceeded the maximum strike on the chain and it took a few days to expand the chain strikes. Otherwise throughout the rest of the year, they tracked quite closely. However, we all know correlation does not by itself show causation, so lets analyze the data a bit further. + +&#x200B; + +[GME stock price and max pain over time.](https://preview.redd.it/2sohrnovrik81.jpg?width=975&format=pjpg&auto=webp&s=e830ed4df1f5be0ea91be7b4f8d62c27aa35388c) + +# Cross Correlation + +A cross correlation attempts to find the similarity between two signals. One useful purpose of the cross correlation is to find the time delay between two signals. You can read more about them here. + +[https://en.wikipedia.org/wiki/Cross-correlation](https://en.wikipedia.org/wiki/Cross-correlation) + +Let’s see what the cross correlation looks like between the price of GME and max pain. + +&#x200B; + +[Cross correlation between GME stock price and max pain, showing that max pain LAGS GME price by a few days.](https://preview.redd.it/5lc3olb4sik81.jpg?width=900&format=pjpg&auto=webp&s=7d6c670d39d44f24172faca3ab6f1d45aa2d6077) + +Interestingly, the cross correlation shows that max pain LAGS the price of GME by a few days. This is not a smoking gun by itself, but it does indicate that max pain may not be driving the price of the stock, but rather it follows the price of the stock. If market makers were intentionally pushing the price to max pain, then max pain should lead the price of the stock, not lag. + +# Evolution of Max Pain by Expiry + +Now let’s do a deeper dive into how the max pain of each options expiry evolves over time. The figure below plots max pain for each expiry sequentially one at a time (I tried a lot of different ways to show them all on the same graph but they were all pretty hard to follow). The max pain of each individual options chain expiry varies quite dramatically over its entire life. + +&#x200B; + +[Evolution of max pain over time, where each frame in the animation is a single expiry.](https://i.redd.it/861r39wcsik81.gif) + +As can be seen here, essentially every option expiry data has a max pain price that moves dramatically over time. How does the variance of the max pain price over time compare to the variance of the price of GME over time? See the graph below which compares the variance of both. + +&#x200B; + +[Variance of GME stock price vs. the variance of Max pain for all expiries over time.](https://preview.redd.it/yu20y0ctsik81.jpg?width=783&format=pjpg&auto=webp&s=8c765b2fa9b2f131160ee663b728b9467d7f0cb4) + +It seems that the amount that max pain shifts over time is directly correlated to the amount that the price of GME shifts over time. In fact, over all expiries for the last year, the variance of max pain has been about 74.1% (not joking) of the variance of the GME stock price. If the market makers selling options are in control of the price, why is max pain constantly fluctuating with the price? + +# GME Price vs. Relative Delta Strength + +Okay, so the dog has been spinning in circles, is it dog chases tail, or tail chases dog? To get more insight into whether max pain drives the price or the price drives max pain, we need to dig deeper into how options can modify the price of the underlying stock. I go into the evidence that hedging options drives the price of the underlying stock in my previous DDs listed at the top. I encourage you to go read them if you have not, as I am going to use some of the concepts built there to make arguments here. Most importantly is the concept of the relative delta strength (RDS), which is essentially just a normalized measure of the call to put delta on the options chain. A value of 1 is all call delta, a value of -1 is all put delta, and a value of 0 is equal call and put delta. In my previous posts I showed graphically that: 1) option delta and GME price are very well correlated, and 2) changes in options delta appear to precede changes in price. Given these two observations, it is reasonable to believe that hedging option delta drives the price in a stock that is otherwise held by apes and not being traded. + +Here I provide further evidence that changes in option delta PRECEDE changes in GME price. Below is a graph of the cross correlation between the RDS and GME price, showing that RDS leads GME price by a few days. + +&#x200B; + +[Cross correlation between GME price and the Relative Delta Strength \(RDS\). Here, RDS precedes the price of GME by a few days.](https://preview.redd.it/61j659dltik81.jpg?width=801&format=pjpg&auto=webp&s=3aad9cd5341988f6d83d027d96661cf200ec52f9) + +What the hell is going on here? First GME options delta shifts, then GME price shifts, and then GME max pain shifts? How could this make any sense if market makers are manipulating the price of GME to close at max pain? If they were manipulating the stock price directly to close at max pain then one would expect max pain to precede GME price. It does not. Manipulating the options chain without hedging using the underlying would expose them to risks that their business model was not designed to bear, and which my previous posts showed has only happened a few times early on in the GME saga. + +Okay, so if they are largely hedging the options they sell, what is the explanation? The data I am presenting here is consistent with the data I have been presenting about the options chain previously. Specifically, the price of GME is largely being dictated by options hedging, and a natural consequence of this fact is that max pain will FOLLOW the price of GME. We have all been listening to the line “don’t buy options, the market makers are manipulating the price and we always just end at max pain anyway.” In reality, the options drive the price and drive max pain. + +# Conclusion + +Based on the totality of the data I have analyzed in the current and previous DD’s, it appears that options are largely driving the price of GME. As a consequence, max pain FOLLOWS the price, and does NOT dictate the price. + +Then we all should go out and buy options, right? Hell no. At this point I don’t want a single person reading this to buy an option. The amount of hate that has poured out onto those of us that are just trying to understand how options are being used to manipulate the price has been torrential. Every time someone on Superstonk buys an option, an anti-options shill gets an erection. Options are complicated, risky, and expensive, and if you buy an option you will lose all of your money. I simply want the community to understand what is happening with their investment, and how shorts are manipulating the price using options. At the end of the day, we are all individual investors and we will make our own decisions. + +Please, please, please, do not give erections to the anti-options commenters below by purchasing options. + +DO please comment with your interesting options questions. As mentioned above, this post was motivated by a lot of questions I received about max pain on my previous posts, and I hope I delivered for those folks. It’s okay if you got erections. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Special Thank you to u/gherkinit and all of the folks he helped bring together to study GME. Without them I would not have the data I presented here, nor the knowledge of the market to interpret it. +Edit 1: Thanks for all the great advise! I think I will sit down tonight and put it all on paper. + +Edit 2: Downloaded mint. It looks like we should be able to live off about $3400 per month, still living comfortably. Now time to keep on budget! + +Edit 3: WOW this got a lot bigger than I thought it would. My definition of paycheck to paycheck might be a little off. To clarify I pay off some of my student loans and cc debt every month, contribute 5% to my 401k, and my account has never gone to zero but it gets close. + +I do live way above my means. That's what I'm trying to stop. I would love to live off 50k and put the rest in the bank which is completely doable. + +I'm just bad with money. I never look at my accounts to see what I spend. It's probably something I got from my parents because they spent money like nothing too. + +I really appreciate all the helpful info! If anyone ever needs tips on how to blow money, I'm happy to help! + +Edit 4: Front Page! Glad my financial problems are now the talk of the inter web. Also, thanks for not calling out my bad spelling! + +Edit 5: I pay taxes, just like most people who don't live with their parents. I do not take home $100k, I probably net about 65% (estimate). This seems to be a big confusion for people. +Antshares is heralded as the Chinese Ethereum. They are rebranding in Q3 as NEO, which alone, helps the appeal of the platform. + +If one thing is for sure, China knows how to pump up an asset price. Anyone think this is credible threat to ETH? Will ANS beat ETH to the flippening? Don't underestimate China's ability to run wild. +The more I invest, the more I get worried that the whole system, which has only been around for a few hundred years will completely collapse. I see subreddits like r/collapse and can't help but to think they may be onto something. Do you think there is any validity to the idea that one day the whole economy will collapse and everything you invested will be gone, all the effort you put into saving and investing will be gone? +Insurance costs seems to be rising much faster than CPI for the last few years. My example: + +Home + plus contents (my PPOR): This year insurance went up by 20%. The year before it went up 15% +Home (Investment): This year went up 18%. Previous year was about 15% increase. +Car Insurance: This year up 11%, last year 10% too. + +In metro Melbourne. No flood or fire risks. Good area with a low crime rate. + +I haven't made any claims. Insurer is Suncorp. I've shopped around, and all the quotes I've got are comparable or higher. + +No posting to whinge. Just wonder how sustainable this is. If insurance costs keep going up 10-20% every year, it will quickly become unaffordable for many people. My Mum for example (single pensioner) struggles to pay all her insurance bills and I end up helping her to pay. +Good Morning, + +My girlfriend is a FTB and has found a house she loves and had an offer accepted on it. When it came to checks the solicitor found the house was on an unadopted road. This wasn't news to my partner as she has a friend that lives on the road. + +The issue is that the selling party are missing a document detailing the information on the road. The mortgage company then declined my partners application. The solicitor then negotiated with the mortgage company and turned this into a yes. The solicitor has advised the sale can go ahead but said that my partner would struggle to sell the house in the future because of this document that is missing. + +She is now in two minds, she really wants the house but it isn't her forever home and so she is worried about the future. + +Can anyone offer some advice on what she can/should do? +Safety or logic is irrelevant. this could end up making the country uninhabitable because of a huge burden of taxes to pay these legacy **ISDS debts** to corporations. For nothing. +I understand that Tax is collected at Source at 5% rate whenever one transfers money abroad, above the threshold of 7 lakhs per financial year under the Liberalised Remittance Scheme. My question is how does the system detect whether you have sent more than 7Lakhs internationally in the current FY? Is the tax deducted from every foreign transfer and we should claim refund at the time of filing IT Return? Or can we submit additional documents at the time of making the transfer so that tax is not withheld if the threshold hasn't been crossed as yet? + +EDIT: As a follow-up, which is the best way to send money abroad from your experience? +Wise/transferWise is fast, makes the process extremely simple & has better conversion rates than banks, but they also have a substantial fee (>10k if you are sending lakhs at a time). +HDFC(and I assume most other banks) has a outward remittance scheme which is more process heavy, has poorer conversion rate but seem to have lower fees, unless I'm mistaken. +Any opinions? +This is for the sake of knowledge. + +Should one buy property or buy Gold for long term horizon, say for 20 years. + +I know property gives you rental income and there is no such monthly payout from Gold? Am I right? + +But I believe buying and keeping/ maintaining property is not for everyone's taste, including me. + +Btw how easy is to sell Gold which one has stored for 15 years for the sake of value appreciation? Where should one sell it? + +Also where to buy just pure Gold? Not jewelery or anything fancy. Just Gold. + +Thanks. +I understand that Tax is collected at Source at 5% rate whenever one transfers money abroad, above the threshold of 7 lakhs per financial year under the Liberalised Remittance Scheme. My question is how does the system detect whether you have sent more than 7Lakhs internationally in the current FY? Is the tax deducted from every foreign transfer and we should claim refund at the time of filing IT Return? Or can we submit additional documents at the time of making the transfer so that tax is not withheld if the threshold hasn't been crossed as yet? + +EDIT: As a follow-up, which is the best way to send money abroad from your experience? +Wise/transferWise is fast, makes the process extremely simple & has better conversion rates than banks, but they also have a substantial fee (>10k if you are sending lakhs at a time). +HDFC(and I assume most other banks) has a outward remittance scheme which is more process heavy, has poorer conversion rate but seem to have lower fees, unless I'm mistaken. +Any opinions? +*Zerodha Article on Yes Bank* + +https://zerodha.com/z-connect/traders-zone/lessons-from-trading-on-yes-bank + +Nearly 2 lakh of our clients hold Yes Bank with an unrealized loss of over 59%, 1.25 lakh hold Ashok Leyland with loss of 40%, and over 1 lakh hold Tata motors with over 51% loss.: Zerodha + Hey Everyone, I am a beginner at the stock market and recently I came across a SIP in which If I invest + +₹ 10,000 per month for 15 years in stocks (mostly Market Leaders e.g Reliance, Asian Paints,Pidlite etc.. ) with an Expected Return Rate of 12 % then at the end of 15 years + +Invested Amount will be **₹18,00,000** + +Est. Returns will be **₹32,45,760** + + Total Value **₹50,45,760** + +This looks good on paper but I am not sure how accurate this is taking into all the factors like recession and increase in the price of the stocks into consideration. + +Can anyone throw some light into this? I am a total newbie in this and would be really helpful to gain some knowledge on this. + +P. S - Youtube links are appreciated too +Background: I'm 22, a full time student, and a full time legal assistant in a law firm. I started the job almost five months ago but I've already been promoted once and am a really valued member of the team. The firm is less than a year old, so their budget is a little restricted, but it's growing very quickly. + +I work full time and make $12 an hour. I usually work a straight 40 hours a week, but every three weeks or so I'll pull 45-55 hours. I've maybe worked 50 hours of overtime in the nearly five months I've been there. + +My boss yesterday told me they are giving me a modest raise, $.50 an hour, but they want me to be salaried at $26k per year. I understand that moving an employee who occasionally works over time from hourly to salaried is generally a business decision. + +I'm never asked to work overtime, but working in a law firm isn't always a 9-5 job. Sometimes you have to stay to get your work done because of deadlines, and I'm fine with that. I love what I do. And I didn't ever work a ton of overtime anyway. + +I guess I'm just wondering if this shoots me in the foot in some way that I'm unaware of, or if it sounds like I'm getting the short end of the stick. +I'm really beginning to feel defeated. My partner and I have been renting a home for the last three years. While doing so, we've been making conscious efforts to pay off and/or reduce our debts as much as possible. Recently, our rent has increased substantially to a level that is barely sustainable - especially in a home that we do not own. Because of this, we've applied for a mortgage pre-approval. + +After working with the lender and furnishing literally EVERYTHING (bank, pension, and stock account statements, W2 forms, 1099s, and pay stubs) we were finally pre-approved for a mortgage of $225k. In our area's current market, that won't even buy us a 1 bedroom condo, and we have children. Our loan officer indicated that we need to "get rid" of the student loans. My partner has approx. $160k in student loans for his Master's program, and we each have auto loans, totalling $29k. Together, we make $121k per year. + + +I don't understand what we're supposed to do here. How are we supposed to get into a house that will accommodate our family? We can't just eliminate the student debt? How do others that have graduates degrees and the loans that come with them buy houses? +Within the last few days it seems like most pro-fork posts are getting buried, even when people provide decent arguments. Is this due to changing attitudes or is there a second wave invasion by those that want to see Ethereum fail? (btw, not implying that those against the fork don't have good arguments because they do, but there are people that like to stir up chaos) + +Regardless, this subreddit seems like a breath of fresh air in comparison. Keep up the good work all. +So I am of the general belief that standard equity technical analysis doesn't apply to crypto. BUT, if you look at volume, - provable buy and sell activity, it starts to hold some credence in my book anyway. + + Here are my thought points on why I think we have possibly bottomed: + + +\- Monster volume on December 6th which may have been capitulation and a low around 80. + + +\- A quick and small dead cat bounce and then sideways to down with declining volume showing seller exhaustion + + +\- A retest of the bottom on December 15th with decent volume + + +\- A "V" pattern surge in price and growing volume over time showing renewed buy interest + +. + +Its of course 100% possible that after a chunky rally, that we are still too far ahead of scaling and use cases rally (which will be the real monster), and we drift back down to test $80 and maybe even $60ish, but with issuance reduction, decent dev work and releases, we can sustain and grow in value slowly as we go into 2021/22 for the big dog. + +. + +Would love to hear additional thoughts... + +&#x200B; + +&#x200B; + +&#x200B; +In my early 30s, had a tough and traumatic childhood, entered adulthood wholly unprepared with my fair share of mental/behavioral issues. Was pushed into grad school, decided to abandon it with 6-figure debt to start a company without any formal experience. Found a partner who knew way more than I did, went through the motions for several years, business got acquired, I came into a low 7-figure windfall, I left. + +Now I find myself with enough money to coast, am in a perpetual state of comfort, feeling no motivation whatsoever to address my many personal issues or build the next stage of my career. Growing up, every trigger to action was due to an impending crisis to be avoided -- writing an essay the night before the deadline, getting into grad school to avoid poverty, shipping a product on time to avoid being unemployed. Now there is no impending crisis, and I'm in a holding pattern. + +And when I do feel a surge of motivation, I feel paralyzed by my what I perceive as my lack of skills, experience, and network. I came out of the acquisition having learned little about running a business beyond putting out fires in a completely unstructured environment as a foot soldier at the behest of my business partner. I built no network, developed no foundation, and threw my entire life into the company which resulted in a small social circle, no hobbies, and no personal pursuits. + +Has anyone felt this or been in a somewhat similar situation? I recognize that this is totally a first world problem, and that I'm fortunate to be in the financial situation I'm in, but at times I feel I'd be better off without the money with the fire of urgency reignited beneath my ass. +I feel like John Oliver should do a main story on the SEC and DTCC and the whole Gamestop drama. He loves shit like this and it would bring more mainstream attention to the ongoing fuckery that is Gamestop. Lets get Johnny boy on the side of the Apes! +[https://finance.yahoo.com/news/caution-shadows-asia-open-amid-221857383.html](https://finance.yahoo.com/news/caution-shadows-asia-open-amid-221857383.html) + +Stocks in Europe gained in choppy trading on Monday as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. +https://www.wsj.com/articles/u-s-china-quietly-seek-trade-solutions-after-days-of-loud-threats-1522018524 + +Without diving too deep into the political realm, might some of the recent concerns about a potential global trade war have been overstated? +I'm 24. I have no highschool diploma due to dropping out of school to care for my disabled mother. We live off of my mother's income which is roughly $2,300/month and enough to survive off of, but we can't find an apartment due to her poor credit (credit score is around 580, but a recent eviction is the main bottleneck here). + +We've been homeless since July of this year and have been living in tents and couch surfing to survive while repeatedly being denied at any apartment we apply to, draining our money into application fees. I'm tired and feel lost and helpless to get out of this situation on my own. I had a job, but wasn't able to make it to work after my car broke down and I was unable to fix it. + +My goals for the future are to get my mother in a stable enough situation for me to comfortably leave her and get my own. I'd like to get my GED and possibly find higher education if it's an option financially. I'd like to build up my credit and earn enough money to live on my own while still living with my mom and using that time to save whatever money I can. I just have no idea where to start. I haven't been taught any financial literacy and neither was my mom. My mom is considering moving to a state with a lower cost of living and less steep move-in requirements, but that would be at the cost of being near family and possible career and education opportunities that I would like to pursue. I think we should start by contacting our last landlord and making a payment plan on our debt to try and improve our credit and get that prior eviction off of our credit record, but this seems like a more long-term plan than would be beneficial for us in the moment since we're in need of immediate housing, especially with a 6, 7 and 14 year old all depending on us. + +I guess I just want to get an idea of a game plan for going forward from this. I have no idea where to start and everything I've been trying has just pushed me deeper into this hole and I'm feeling lost and incredibly depressed. I just need help. + +If it's helpful for your advice at all I live in New Hampshire but am interested in living in either New Hampshire or Massachusetts, possibly Maine if it's nearer the New Hampshire border. + +Edit: I just wanted to say that when I first posted this thread I was on the verge of tears, and some of the responses here show a really depressed side of myself that I'm trying to not let take over in this situation, but after hearing back from so many people eager to help me I feel a lot better than I was a few hours ago. Thank you everyone who has contributed to this. It means a lot to me. + +I have a cold that I'm fighting and I'm pretty exhausted, so I'm going to go to sleep, but please keep messaging and I'll get back to everyone in the morning. Thank you all again for the advice. Even those who can't offer specific advice, just the moral support means a lot to me. +**UPDATE: Seeking Alpha CEO Eli Hoffman responded to me with this statement: "...I did see your feedback about the potential effect of allowing authors to cancel memberships after receiving negative reviews; it is not something we had previously considered, but are going to take a look at how we might adjust our review policy to keep them honest."** + +I frequently use a site called Seeking Alpha which is essentially a forum that allows people to write and share stock market related articles. It also has a paid subscription feature where one can buy a month or year-long subscription to read material from an individual author much in the way that one would subscribe to a stock market newsletter, with the added perk of being able to communicate with the author and other subscribers since everything is online. + +I relied on an starred review system to pick who I would subscribe to and of course I picked the author with the most reviews and highest average rating. After recently writing a non-incendiary, mostly complementary, but non-3 star (I meant non-5 star - EDIT) review of that author, I was immediately contacted by the author, who accused me of “bad mouthing him” (his words) and told that he would have the Seeking Alpha website would cancel my subscription to his newsletter. And today, the Seeking Alpha website did cancel my subscription to the author’s newsletter though I did not request it. + +Before the subscription was cancelled, but after the author first contacted me, I wrote to the Seeking Alpha customer service e-mail to ask if that was allowed. ~~No response.~~ + +The thing is, I am not the first person this has happened to. This author in particular happens to be very popular on the website, yet I have communicated with 3 other current or former subscribers who have similar stories. They dared to post a non 5-star review and the author threatened to have the Seeking Alpha website (boot them from his newsletter - EDIT), so either they were kicked off or were coerced to modify their review (not even critical) in order to remain a subscriber. I still have communication regarding all of this. + +Just thought it might be interesting because I recently read a story about online ratings and how Netflix has dumped them because they aren’t that reliable. And in the case of this author’s newsletter or Seeking Alpha, I think I know why — because he is actively attempting to manipulate his subscribers into giving 5-star reviews by threatening to or actually have Seeking Alpha pull their subscriptions. I don’t think it’s going on on a LARGE scale but it has happened. + +PROOF: I've taken it down of my own volition to comply with Seeking Alpha TOS. + +As the post says. I have two houses right now. One is our residence and one is a rental. Next week I will be setting up a series llc and I want to add both to it, so we can get a higher loan amount. Friday evening I talked with a cpa and he doesn't think it's worth it because he doesn't think the banks will consider it since it's our residence and we lose the homestead exemption. However a friend who works on banking thinks of its in a trust under the llc, then it still qualifies for homestead and that it will have a positive effect on the loan amount we can take. + +I plan to make some calls Monday to sort it out, but in the meantime do any of you know if banks ignore the home you live in and if the home would still qualify for homestead if it's in a trust? +Background: As a muslim, it is against our religion to partake in interest in any way shape or form. Some scholars have made it permissible due to the day and age we leave in. + +As someone who is looking to invest in their first rental property and with about 10k to invest, do you have any advice or ways of beginning without dealing with interest? Is that even possible? I know there is Islamic financing available where the other party pretty much buys the property and you buy it from them at a higher cost and you own the % that you pay for. Has anyone here tried that? + +So here is a link to the clip of Wes Christian saying this was the 2nd most important thing we can do : https://www.reddit.com/r/Superstonk/comments/nyj0gf/wes_christian_when_asked_what_apes_can_do_to_help/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf + + +Here is a template letter you can use. Feel free to modify it , edit it, even comment a better version of it please. I typed this up on phone just trying to help. + +* +* + +Dear ________, + +Naked short selling was made illegal following the 2008 financial crisis. + +Did you know that entities designated as market makers(MMs) / authorized participants(APs) have been given special powers of creation and redemption on ETFs (https://www.youtube.com/watch?v=iX7fOx5G40A&amp;amp;amp;amp;amp;amp;amp;feature=youtu.be) for “liquidity purposes”( https://www.sec.gov/rules/sro/nscc/2020/34-89088.pdf) which has led to a loophole [read as:feature] allowing illicit parties to continue to create illegal naked short positions? Additionally, by using strategic (also illegal) option strategies, they are able to hide these naked short positions. (https://www.sec.gov/news/press-release/2013-151) + +The MMs and APs choosing to abuse this power are able to use ETFs to operationally short and bankrupt target companies for tax free returns. (https://www.youtube.com/watch?v=ncq35zrFCAg&amp;amp;amp;amp;amp;amp;amp;feature=youtu.be) + +Two amazing interviews with Texas attorney Wes Christian, who has been fighting to expose this for two decades, detail further the theft this has equated to. (An estimated multi-trillion dollar problem). + +https://m.youtube.com/watch?v=2rJujnpKiqM + +https://m.youtube.com/watch?v=q8-JO3g5bm4 + + +The ownership and control between the self regulating entities involved also reflect a direct conflict of interest. + +This is a systemic issue that I would really like to spread awareness on and would like to hear your stance on any plans, current or future, to help expose what Wes Christian refers to as, Terrorism on American Capitalism. + + +Thank you and sincere, + + +* +* + +Here are ways to contact your congressmen and senators. + +Not American? Apes of the world, feel free to write them as concerned investors yourself - I see no pre-requisite that you need to live here to shoot them an email - or to even state where you live in the email - if I’m wrong, somebody please correct me so I can not spread false information. + +* +* + +How to find your congressmen: https://www.house.gov/representatives/find-your-representative + +The congressman name should take you to their website with a contact us form or might have an email address listed. + +How to find your senators: https://www.senate.gov/senators/senators-contact.htm + +How to contact your senators after you find them if they don’t have email address listed: https://www.senate.gov/general/contacting.htm + + +For the record- the congressmen and senators aren’t going to do shit, but don’t let that phase you into not writing; what writing will do is just help spread awareness and show its a real issue with a lot more people involved then they currently think and that we are a lot more educated on the facts than they might currently be led to believe. + +All you have to do is buy and hold. This is just if you’re bored since it’s the weekend. +**HEY YOU.** +Before you dismiss this post right away because of the name 'fair' + 'safe', understand that FairSafe was intentionally named to poke fun at the endless amount of scam coins that have 'fair' and 'safe' in their name. + +Unlike those scam coins, FairSafe is unironically everything it claims to be + +**It's FAIR AND SAFE.** + +**SAFE** +Let's start with why this coin is safe. + +Since presale, **the Dev doxxed himself**, giving all his socials from Twitter, [LinkedIn](https://www.linkedin.com/in/zjevashtian-de-lara-ba9455153/), and to his [Youtube channel](https://www.youtube.com/channel/UC-Do56VUfL5RYRjEOMe6mpg) where he makes music. He even gave the name of his school (Middlesex University in London). **Zjevashtian De Lara** (the Dev's name), is an **ambitious computer science student** who wishes to **pursue a career in cryptocurrency**. This is his first project and he is working hard AF especially since **his reputation is on the line.** + +Still worried about being scammed? DW! We know which school the dev goes to and in the 0.0000001% chance this is a scam, we can all book a flight to London and show up at his school with baseball bats (book your own flight, I'll provide the bats) + +Although **liquidity locked 4+ years** and **renounced ownership** makes this impossible to be a scam. + +He has been extremely transparent and even did a video [AMA on Youtube](https://www.youtube.com/watch?v=5JrSg8imQ1M): + +[https://www.reddit.com/r/FAIRSAFE/comments/mpnta8/fairsafe\_ama\_1\_video\_online\_now/](https://www.reddit.com/r/FAIRSAFE/comments/mpnta8/fairsafe_ama_1_video_online_now/) + +**Plus we have an audit completed by Solid Group:** +[**https://twitter.com/solid\_group\_1/status/1380977107036217348?s=20**](https://twitter.com/solid_group_1/status/1380977107036217348?s=20) + +**FAIR** +Imagine a launch so fair that **the dev himself didn't even get a chance to buy the presale.** + +Out of over 3K wallets, only two wallets are above 1% (1.8% and 1.16%). The lack of whales makes this coin a lot easier to reach higher highs and will prevent massive price drops that other coins have (think SafeMoon whales with +5%). + +Transactions are taxed, with some coins being burned and others redistributed to holders. + +**SHORT TERM ON THE WAY** + +♻️Revamped, fresh website + +💩 Poo Coin marketing + +🎥 More Tik Tok collabs + +👐Wutang + Soulja Boy Twitter Shout out + +🦎CMC and Coin Gecko + +**FUTURE POTENTIAL** + +Still not convinced? + +Read the whitepaper here: [https://fairsafe.gitbook.io/fair-safe/](https://fairsafe.gitbook.io/fair-safe/) + +The Dev has bigger plans with one of them being the ultimate goal of migrating to Polygon (coming much later). Polygon (MATIC) is 12x since its price point in January. It is something with a lot of potential and serves as a layer 2 solution to the centralization of BSC and the high gas fees of ETH 2.0. + +**Links** + +😀 Dev Twitter: [https://twitter.com/0xZian](https://twitter.com/0xZian) + +🌏 Website: [https://fairsafe.finance/](https://fairsafe.finance/) + +📖 Whitepaper: [https://fairsafe.gitbook.io/fair-safe/](https://fairsafe.gitbook.io/fair-safe/) + +🚀 Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xEE738a9e5FB78c24D26ceCD30389ED977C38D0Ca&inputCurrency=BNB) + +📈 Chart: [https://poocoin.app/tokens/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca](https://poocoin.app/tokens/0xee738a9e5fb78c24d26cecd30389ed977c38d0ca) +I work at a brewery as a bartender. We were the first brewery in America to accept Bitcoin. We started in December of 2013. We got a lot of press because of it. The brewery is called Philadelphia Brewing Company. We had a ton of people come in with Bitcoin when we first started accepting it but it has been a long time since the last time. + +We got a new P.O.S since then and haven't set up any way to receive bitcoin. Last night however, someone came in who remembered all the hype and asked me if he could pay with Bitcoin. Said it was on "his bucket list". I told him he was in luck. I had him send it to me and I just paid cash into the register. + +After the transaction, which we were both pretty amped about as I've never received crypto in the wild and he had never sent it, I told my boss what happened and he immediately told me I was in charge of making sure we can accept Bitcoin going forward. + +That's how adoption works in the real world. +Long term reader/subscriber but not an often poster :) + +I would just like to thank everyone on this sub, for changing my life. + +Two years ago I had no savings to my name, high outgoings on crap and drinks/drugs. + +Thanks for the posters and advice on this sub I have managed to stop everything and tried to hard to save my money and get a mortgage. + +Today, I picked up the keys to my first house and can finally have my own place, and everything else is looking up. + +I hope others have managed to do what I have done, with the help of this sub. Thank you! +Hey everyone! + +As the title suggests, I’m considering financing a new Honda HRV Sport ($23,640 to build). My husband and I literally just paid off the entirety of our student loans, so the idea of adding on more debt just seems stupid to me, but my 2006 car is running on fumes and really needs to be put down. + +I’ve looked into used options, and it looks like I can get a relatively new one (2017+) with minimal miles for about $16k or so, but I don’t know if it’s worth losing out on the Honda warranty, and it doesn’t seem like those vehicles have Apple CarPlay, which I really want (don’t need it though obviously). Not only that, but new cars have better finance rates as far as I know, so that’s something to consider. + +I could always save and buy it in cash, but I don’t know if that’s even the best route if I can get <1% financing terms and use that savings to invest. + +In terms of finances, our household income is $200,000 (more like 220k depending on my OT/call), expenses are about $2k/month, and we have no debt, so I knows we can definitely afford it, but I’ve never purchased a car over $5k and have heard time and time again that buying new is just stupid, so I want some outside perspective. Finance a new or used car or wait and buy it outright in cash? + +Thanks for your help! +Let me preface this with the fact that I hate my job. I do plan on getting into another field where I won’t make as much as first, but the vehicle will come in handy for work and round the home. As for my job now it pays fairly well for not having a degree. My only payment is my mortgage ($1460) which I split with two others. After all is said and done my share is about 300 for the mortgage. Then bills which are divided evenly. No student loan or credit card debt. + +Nearly 30k in cash. A little over 40k in my espp. I have a 401k but I don’t plan on using that at all. + +The truck I want to buy is 59k and some change, but I’m getting a killer deal after rebates and some other discounts. So it comes out to 47k before tax. + +Is this a smart buy? Do I have enough to put down? Is there a smarter way to go about buying this? + +I feel like just because I CAN get myself into a car payment doesn’t mean I necessarily should. I could go used, but my theory was to buy once and keep it forever. I’m not the type to change vehicles often. + +TIA +What’s the most common advice we here: buy a 2-3 year old Honda or Toyota. While I have done this in that past, it’s a very narrow view that is not the best for everyone. + +Let’s say Jim and Karen live in Lansing, Michigan, have 4 young kids, and need third row. They drive 10,000 miles a year, and generally don’t do their own maintenance. + +Reddit says get a 2 year old Toyota. The Highlander is to my knowledge the cheapest 3rd row they sell. 2 years 30k your looking at $30,000 for a mid trim package. You’re going to pay a higher interest rate due to buying a used vehicle, and the car is half done with it’s factory warranty. + +Or you can buy a brand new Dodge Journey sxt for 15k out the door (don’t look at Msrp, use autotrader) you going to have more warranty, pay less in interest and insurance. In ten years when it has 100k you can catch it on fire, buy a new one and still have less invested then you had invested in a 2 year old Toyota. + +On top of regular depreciation, you have Michigan rust which is brutal and expensive on older cars, the fact that kids are going to destroy the interior, and it’s nice driving a new car and not one that’s 15 years old. + +I’m not saying it’s bad advice buying a 2 year old Japanese car, just we’ve Ecco-chambered it so long as fact that we fail to recognize other options that maybe just as good or better. +Hi all, + +I have noticed in this subreddit, people are overly protective of their strategy while like 95% subscribers do not have a working strategy in the first place (me included). + +I've been reading alot and found some other forums the subscribers contribute more to ideas. + +So I decided, let me start with my own strategy, share some knowledge and get your perspective on that instead of sharing your own thing. + +My first strategy is simple trend following strategy that is fairly easy to automate and at the same time could be more complex the more you think about it. Here is an overview about: + +&#x200B; + +* Input: +1. Closing prices for the last x period using t time frame (i.e. use last 50 candles closing price in daily chart) + +&#x200B; + +* Market Filter: +1. This strategy would obviously perform in trending market and under perform in sideways market. For market filter: trade using aroon indicator + +&#x200B; + +* Buy Trigger: +1. Buy when the asset reaches above the high for the period x + +* Sell Trigger: +1. Sell when the asset reaches below its low for the period x + +&#x200B; + +* Asset Classes: +Securities in SP500 + +* Optimization: Currently parameters are just given as examples but could be optimized for a certain period and time frame depending on your platform. + + +My language of choice is python but it is fairly simple to apply to any programming language. + +&#x200B; + +This is a simple yet very effective strategy (might be oversimplified but the core logic remains the same). It works and there are tons of variations out there of it. + +&#x200B; + +What do you guys think on ways to enhance this further? +I became a quant trader 1.5 years ago, and since the beginning of my tenure, I have never used any "game-theoretic" concepts in my research. However, I interviewed many prop shops (JS, SIG, etc.); most interviews were game-theory-centered. I am curious whether anyone uses these concepts or apply a poker-like mentality to the market? +If you are anticipating a stock market correction, is there a general rule of thumb about how much cash to have on hand to pickup cheap shares and how much invested in stocks? +I was gifted company stocks as a present from a relative who acquired them at their job. They've had/acquired them over the last few decades. When they initially acquired them the price of the stock was under $2 but now it's over $100 per share. + +Do I sell a portion of them to cash in on the stock being the highest price it's ever been? If so, what are the tax implications? + +Is it better to wait at least a year before selling anything? Or is this a little nest egg that I just don't ever touch? + +Appreciate the help as my financial knowledge is very limited! + +EDIT: CA. I'd be taxed 22% as a single filer, the stock is NVO (large cap), and this makes up about 8% of my assets. I have no debt and am not strapped for this cash ATM +Twitter stock hit a new low on Friday, as investors beat down shares of the social media company below the $20 level for the first time ever. +Friday's stock decline gives Twitter a market cap of roughly $13.6 billion, below the $14.2 billion valuation that the company commanded when it went public in November 2013 and a far cry from its roughly $40 billion market cap attained in the months after its IPO. +"Whether you're a $10 billion, $20 billion, or $30 billion company, you're still a pretty rarefied company," said Wieser. +We had a beautiful baby girl of May this year and everything has gone completely wrong and I am struggling to keep going through this :( + +Me and my husband have always lived pretty humbly together tbh, we rent a 1 bed apartment, both had fulltime $15 an hr jobs, one car (I don't drive, husband takes me to work) things have always been stable but then everything just went wrong all at once + +Car disasters wiped our savings completely, my routine pregnancy became high risk and complicated with 2 ER visits and to top it off 3 days after the birth of our little girl we find she has CHD (congenital heart defects) which will require incredibly expensive monitoring for now and potentially surgery or intervention :( + +We can't afford these medical bills! I'll have to drop to part-time for her care so she doesn't end up sick all the time and potentially hospitalised! My daughter has had to have 4 cardiology check ups so far that cost us nearly 3k EACH in less than 3 months... and we will be having more of them, another in September..... + +We had no real debt beyond a car payment and a small personal loan now we are swimming in debt with NO WAY to pay it back. My husband tried to work out a payment plan with the children's hospital but they wanted $300 a month from us, we can't afford that and still eat! + +I'm deeply traumatised by all of this, her birth and diagnosis, and now the constant flurry of ridiculously expensive bills that will continue to grow because she needs her heart monitoring. I'm pretty sure all of this has caused me to have PTSD or PPD but I refuse to see my OB and create more bills + +I am heartbroken, I am making it through every day for my daughter but I honestly feel so utterly hopeless. I am struggling SO BADLY. My husband is doing his utter best between taking care of our daughter, looking after me and working. I feel tremendous guilt for having a baby now. I have nightmares constantly, and when I am awake I am living a real one + +We have spoken with a social worker to sign up for various things, my husband is looking into financial aid but it IS hopeless, even if they knock money off the debt will still grow!!! + +Once I drop to parttime hopefully she will qualify for medicaid but then we will be even poorer and HAVE to stay incredibly poor just to have medicaid for her. She is also on my husbands insurance (which isn't great) so he is trapped in his job for now because she has a pre-existing condition + +It's a nightmare, I have been having panic attacks, I am trying to be strong for my daughter but I am living in hell +Mother of God. I can see why everyone’s tits are constantly jacked (which up until tonight I didn’t even know why I’ve been yelling that at people for weeks). I was only 20 when that all went down, but the fact that it could and DID because of the same greed that still exists within our society is all the confirmation bias I need to know that these hedgefucks are truly capable of shorting until their dying breath. Also, the movie was great. + +This is also a friendly reminder that info besides solid DD, BUY, HODL, and VOTE is FUD. + +Let’s. Fucking. Go. + +EDIT: Thanks for making me feel like a special little monkey this morning. Also - I’ve arranged that tonight when my wife and I cook dinner and do a movie, this will be our feature film. She’s 100% trusting of me and is on board but I think this will help her understand why and what we’re up against. + 16 years ago in NZ, it was 9-5 with a 2x15 minute breaks and a 30 minute lunch. + +Since then I've been working for American companies. For them it's 8-6 with an hour for lunch. The logic being you only get paid for the hours you work, so that's 8 hours a day. + +This is what I work now and my wife says I'm being exploited. It's good pay and I want to please my boss and my wife. + +What's the norm nowadays in a Australia? + +Edit: I'm in a salaried IT job and fully remote, so I feel some obligation to work more and anxiety about losing it (I've been made redundant 3 times and fired once and "contract not renewed" once. In my current job they've gotten rid of 3 people so far this year). + +But on the other hand I think, well they're not really going to be loyal to me when the money hits the table so I'm just wasting my time and health and marriage working extra hours. + +Another edit My contract says "38 hours plus reasonable additional overtime hours as required to complete my work" then it says "8:30-5:30 or as applicable for position" + +It also says I'm under the "professional employees award". I will read this. + +The guy before me got "repositioned" for telling a customer that called him late to F off. + +I guess I'll tell my boss I'm following the contract from now on. + +Thanks to everyone who replied. +***"The pen is mightier than the sword"*** + +***-*** *Edward Bulwer-Lytton, 1839* + +&#x200B; + +This is u/myplayprofile. I fall into the category of “retail/ma and pa investor”, and I am a GME shareholder. I am not a financial advisor, this is not financial advice. The following is written for 🦍, is made possible by the wrinkles of many silverback 🦍, and is written by an 🦍 hoping to gain some more wrinkles in my own brain. If you can read, then anything you read in this post is done by your own free will, and any financial decision you make is of your own doing. If you do not understand the use of emojis, memes and other 🦍 speak, I recommend doing more of your own ~~doubling down~~ due diligence starting here [HERE](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_medium=android_app&utm_source=share), and you will learn the language as you go. If you’re a lurking member of the MSM, please let my 🦍 prose and emoji use continue to feed your bias that this piece and the many cited and linked posts provided throughout are “dumb money” nonsense, because any analysis of the content will risk exposing who the “dumb money” truly is. I will be connecting some dots, both new and old, providing detailed quantitative analysis, speculating on what I believe happens next with the GME stonk and explaining why and how I have put money at risk on that speculation. My personal trading strategy involves elevated risks through the use of options, my risk tolerance is different than yours, and what I do should have no bearing on your own financial decisions. I cannot emphasize enough, if you have never traded options, or have limited understanding of how they work and the risks involved, DO NOT try to learn on the fly, especially with GME. I first started options trading by using a virtual/paper account with fake money, followed by years of losing real money. If you yolo into calls, instead of keeping things simple with a buy and hodl strategy, its almost certain the MOASS will start the Monday after your calls expire. And just to reiterate to help clear up any confusion as to who this is – I am u/myplayprofile, and I’m jacked to the TITS its almost SEPTEMBRRRRRRR. BUCKLE UP 🦍. + +&#x200B; + +[That's the reeking stench of 💩a🔔 desperation](https://preview.redd.it/wlxcqhz1k5k71.png?width=845&format=png&auto=webp&s=8490cf9f54e116f26f4e55935b887a47098c5139) + +# 1. NEVER FORGET HOW GME GOT HERE - + +Years ago, a wrinkly brained retail investor analyzed the fundamentals of GME and determined the share price was not properly reflecting the future outlook of the business. This investor began sharing his investment thesis on social media. His Reddit username is u/deepfuckingvalue, it's his 🍰day, and his [original thesis](https://www.youtube.com/watch?v=alntJzg0Um4&list=PLlsPosngRnZ1OLfGPDLLC3a8k_rrwFNk6&t=15s) is founded on fundamentals, with a few brief mentions of high short interest and technical indicators pointing to higher share prices this time last year. By initially using options, and properly managing the risks associated with options trading, he was able to turn a $50k option trade into an investment now worth over $40 million, based on 8/27 GME price of $205 with the assumption he still hodl's 200k shares. More on options later. Below are screenshots, but due to strict no brigading rules, no links, search the reddit profile if you want to see the posts yourself - + +[DFV's Reddit Post from Sep 2019](https://preview.redd.it/xjl2n83qx5k71.png?width=764&format=png&auto=webp&s=8fd63755b4e90e04abe989328b2f23bcdc894f7b) + +[DFV's Last Reddit Post](https://preview.redd.it/adsco1ibx5k71.png?width=764&format=png&auto=webp&s=8534671bd1610e2651303d0eaae265ac749b155a) + +[DFV had many large drawdowns along the way, follow his post history to learn how he managed that risk. ALSO - DFV DID NOT YOLO INTO OPTIONS NEAR EXPIRATION!](https://preview.redd.it/tdy1zwzey5k71.png?width=762&format=png&auto=webp&s=14283ecef8101b403231ce5eec774ac3b2a996cf) + +The [fundamentals of GME](https://www.reddit.com/r/Superstonk/comments/oyo70n/its_time_to_talk_about_some_f_words_buckle_up/?utm_source=share&utm_medium=web2x&context=3) are now stronger than they have ever been, showing DFV's initial fundamental assessment was correct. Today, however, that analysis is far too conservative compared to GME's future business prospects after eliminating all long term debt, fully overhauling leadership and the board, and positioning itself to be a leader in the [future EXPLOSIVE growth of NFTs.](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) For example, [GME Q4 2020 Earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-fourth-quarter-and-fiscal-2020-results) far exceeded expectations, shown by [stellar growth in sales, especially the key metric of e-commerce growing 175%](https://www.reddit.com/r/GME/comments/mcd53c/gme_earnings_analysis_and_the_message_beneath_the/?utm_source=share&utm_medium=web2x&context=3). The MSM narrative around GME fundamentals is not aligned with reality, and I encourage you continue this reading journey to figure out why. Analysts claiming otherwise are either incompetent, or are required by their employer that has short risk exposure to the GME share price to continue earning a paycheck. + +# 2. GME TODAY + +Now that we've had a history lesson, let's talk about where the GME saga is today. My favorite Pomeranian has sniffed out what I believe is the most credible [Theory of Everything](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/?utm_source=share&utm_medium=web2x&context=3) to date, albeit still is likely missing pieces of the puzzle. The thesis ties together how a group of HF/Banks/Brokers dubbed [The Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) have created complex derivatives I will refer to as [LMAYO Swaps](https://www.reddit.com/r/Superstonk/comments/pbmcww/quanting_support_for_ucriands_latest_masterpiece/?utm_source=share&utm_medium=web2x&context=3). The LMAYO swaps are [statistically proven to exist with nearly absolute certainty.](https://www.reddit.com/r/Superstonk/comments/pbshru/irrefutable_proof_of_ucriands_subprime_meme/?utm_source=share&utm_medium=web2x&context=3) These are collateralized equity total return swaps, in 🦍 speak, baskets of 🍌s, that can be leveraged and used to short GME well beyond the tradeable float. The LMAYO swaps can [exploit loopholes to gain reporting exemptions and hide money offshore](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/?utm_source=share&utm_medium=web2x&context=3) while also [hiding true short interest](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/?utm_source=share&utm_medium=web2x&context=3) reported to the world. The regulators claim these loopholes [were never intended to exist](https://www.reddit.com/r/Superstonk/comments/pc0zhv/swapping_regulations_for_offshore_risk_the_full/?utm_source=share&utm_medium=web2x&context=3), but it's hard for me to believe this. The GME saga has opened my 👀 to the reality the system is very intentionally designed this way to continue to enrich the oligarchs by crushing the 99.9%, all while the "police" over the situation [litigate to regulate](https://www.reddit.com/r/Superstonk/comments/pa8oae/fire_up_the_cubans/). The large institutions and hedge funds keep the revolving 🚪 spinning between institution and enforcer, ensuring bad actions are merely a small part of the cost of ~~business~~ crime that funnels billions of dollars every year from the many to the few at the top of this 💩 infested pyramid scheme called the 'economy'. + +&#x200B; + +Individuals across the globe are starting to catch on to all the fuckery, hoping for SOMEONE, SOMEWHERE with the power to take action finally support their right to invest as they see fit in companies they believe in. While some have found solace by screaming into the void of the internet and finding sympathy from 🦍, there has been no action against the criminal cartel that fraudulently counterfeits shares of companies, where victims of the fraud are non the wiser until they try to [access the shares they think they own](https://www.reddit.com/r/Superstonk/comments/pc362i/posted_about_two_months_ago_about_a_transfer_from/). All the while, the MSM vilifies these individuals as [an army and mob](https://www.reddit.com/r/Superstonk/comments/pd4ydk/meme_armys_shortsqueeze_attack_socialmedia_mob/), while [praising those](https://www.marketwatch.com/story/why-robinhood-may-be-more-than-a-meme-stock-phenomenon-11629739984?siteid=yhoof2) at the heart of the malicious scam instead of shining light on [the crimes committed in front of the world's eyes](https://www.reddit.com/r/Superstonk/comments/p76b47/unbelievable_vlad_recorded_on_call_confirming_he/?utm_source=share&utm_medium=web2x&context=3). Whenever fuckery is afoot, everything always seems to tie back to the same criminals - [INSERTING STEVIE COHEN's INTRODUCTION](https://www.reddit.com/r/Superstonk/comments/otnt8z/a_brief_introduction_to_steve_cohen_from_broviet/?utm_source=share&utm_medium=web2x&context=3). The convicted and known criminals then have the audacity to troll 🦍 after Vlad turns off the buy button [on Jan 28, 2021](https://www.reddit.com/r/Superstonk/comments/mtv959/you_wanna_know_what_dancing_looks_like_this_guy/). I wonder, was it Stevie or Kenny that was paying the shills on 8/26 to run a coordinated smear campaign against me across multiple subs, through 12 shill accounts that are now deleted - + +[\\"FUD Me Harder, Daddy 😘\\" - u\/poonmangler](https://preview.redd.it/atnletasv6k71.png?width=814&format=png&auto=webp&s=97f99731e3a7c8136f5064b0b0c077df783553c8) + +[A naked short selling scam](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/), further leveraged and exploited through derivatives and ETFs, has victimized GME and many other stonks for years. Countless companies have failed and millions of lives have been destroyed to funnel illicit "gains" into the hands of a global criminal enterprise. 💩a🔔 is the [Designated Market Maker](https://www.reddit.com/r/Superstonk/comments/n68ooc/did_you_know_citadel_is_the_nyse_dmm_for_gme/?utm_source=share&utm_medium=web2x&context=3) and the epicenter of the fuckery, with a long and well documented history of [abusive and willful naked short selling](https://www.reddit.com/r/GME/comments/m4c0p4/citadel_has_no_clothes/), using illicit gains over the past several decades to monopolize the order flow of the market. 💩a🔔 executes [an estimated 27% of ALL market trades.](https://www.bloomberg.com/news/articles/2021-01-22/citadel-securities-reaps-record-6-7-billion-year-on-volatility) Top government officials are directly on their payroll, such as [former chairman of the Federal Reserve](https://www.citadel.com/news/dr-ben-bernanke-serve-senior-advisor-citadel/), or indirectly, such as the [current US Treasury Secretary](https://www.reddit.com/r/Superstonk/comments/p0hq3n/the_us_treasury_secretary_janet_yellen_has_been/). Kenny's the captain that navigates the ship of fuckery, but only one pillar [in the house of cards](https://www.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/). The cancerous growth of corruption and crime has infected the most vital organs of the global economy, and a single house is not enough to satisfy the greed of these individuals, so an entire [Castle of Glass](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) has been built on top of a pile of [$310 Trillion worth of derivatives](https://www.reddit.com/r/Superstonk/comments/pagvu6/ill_sleep_in_the_futures_with_a_new_derivatives/), and the cracks in the foundation holding it all together are growing. + +&#x200B; + +If you are starting to feel a little 🤢🤮, run to the 🚽 if you're not already taking a 💩, and take a deep breath. 🦍 around the world are here to not only offer support, but also offer a way I believe you can "hedge" yourself against the deadly blow the criminal enterprise I described above is about to inflict upon the world. It also happens to be my favorite company, because [GME has become the ultimate hedging tool](https://www.reddit.com/r/Superstonk/comments/n1cp7q/gme_has_become_a_hedging_tool_and_should_be_owned/) to protect yourself when 💩a🔔 hits the fan. + +[Just Don't Fucking Dance - Meme cred to u\/BlakChills ](https://preview.redd.it/qbt7lpzxx6k71.png?width=945&format=png&auto=webp&s=8f5f8e683eb36321193cbab1b649ae9658024e78) + +# Sniff, Sniff - Are you smelling it now. I haven't even started cooking yet, just the prep makes the aromas of 💩a🔔 desperation fill a room. It's almost tea time, and I haven't even called attention to the other FUD campaigns being waged that have left many 🦍 frightened of the very tools they can exploit for their own personal gains. It's time to get TECHNICAL, and if you're already set with your own buy and hodl strategy, you have the OPTION to proceed with further reading or return to your state of zen knowing the Hedgies R Fukd. + +# 3. THE SETUP + +At this point, your blood may be boiling a bit, but your tits may also be tingling. You made it this far, and may even have a weird sensation in your brain caused by the wrinkle formation process. So to help ease your blood pressure a bit, take some time to really take in the beauty of the picture below, and if you've been here awhile, think about the rollercoaster you've been through. If the prelaunch turbulence of the 🚀 made you take actions you later regretted, take the time now to reflect on how you can better prepare yourself for a journey to the 🌙, because it's time to strap in, Things really start to accelerate after the stratosphere - + +[Credit to u\/isnisse for this beauty](https://preview.redd.it/bbfysc3e17k71.png?width=960&format=png&auto=webp&s=316c183b7f195a8e38be7bc9ff0d373adfc30311) + +**The Patterns -** + +* ***Near Term -*** [Flag and Pennant](https://www.investopedia.com/terms/p/pennant.asp) \- Price Target = $280 + * Investopedia Description *- " The price target for pennants is often established by applying the initial flagpole's height to the point at which the price breaks out from the pennant. For instance, if a stock rises from $5.00 to $10.00 in a sharp* [*rally*](https://www.investopedia.com/terms/r/rally.asp)*, consolidates to around $8.50, and then breaks out from the pennant at $9.00, a trader might look for a $14.00 price target on the position—or $5.00 plus $9.00. The* [*stop-loss*](https://www.investopedia.com/terms/s/stop-lossorder.asp) *level is often set at the lowest point of the pennant pattern, since a* [*breakdown*](https://www.investopedia.com/terms/b/breakdown.asp) *from these levels would invalidate the pattern and could mark the beginning of a longer-term reversal."* + * Pattern Validation - Not Yet Confirmed - with breakout above $210 followed with increased volume and a nice green 🍆 pattern will be validated + * Target Pattern completion date - 9/3/2021 + +[Beautiful Flag and Pennant Pattern Formed in GME Last Week on the Daily Chart - Short Term Breakout to $280 implied with breakout above $210 & Rising Volume](https://preview.redd.it/yyftcqrmuck71.png?width=1226&format=png&auto=webp&s=3d5979518b06bf67160b1fb3dde18eb82fad6819) + +* ***Medium Term -*** [Bull Flag](https://www.investopedia.com/terms/f/flag.asp) \- Price Target = $340 + * Investopedia Description - *"Flags are areas of tight* [*consolidation*](https://www.investopedia.com/ask/answers/120414/how-do-i-identify-stock-under-consolidation.asp) *in price action showing a counter-trend move that follows directly after a sharp directional movement in price. The pattern typically consists of between five and twenty price bars. Flag patterns can be either upward trending (*[*bullish flag*](https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx)*) or downward trending (bearish flag). The bottom of the flag should not exceed the midpoint of the flagpole that preceded it. Flag patterns have five main characteristics:* + +1. *The preceding trend* +2. *The consolidation channel* +3. *The volume pattern* +4. *A breakout* +5. *A confirmation where price moves in the same direction as the breakout* + +*Bullish and bearish patterns have similar structures but differ in trend direction and subtle differences in volume pattern. The bullish volume pattern increases in the preceding trend and declines in the consolidation. By contrast, a bearish volume pattern increases first and then tends to hold level since bearish trends tend to increase in volume as time progresses."* + +* Pattern Validated 8/24 with breakout above $160. +* Target completeion date - 14 trading days after breakout - 9/10/21 + +[Bull Flag Pattern verified and in progress. Breakout date of 8\/24. Pattern expected to continue for 14 days, and complete by 9\/10 around $340.](https://preview.redd.it/bgctynhc2dk71.png?width=1229&format=png&auto=webp&s=03566a89675c2a27c28c3c1b95706d6eb9bed6cb) + +* ***Longer Term -*** [Elliot Wave](https://preview.redd.it/yxm65lyh0i471.png?width=2222&format=png&auto=webp&s=884987dc185e8d149c5a10e5af5cccff290c7b8d) \- Near term PT \~$480; Medium term \~ $1,275 + * 🦍, we are blessed to have many wrinkles in the hive mind of this community, and the [Elliot Wave Guy](https://www.reddit.com/r/Superstonk/comments/pb1wk4/today_was_just_the_warm_up_the_tides_are_shifting/?utm_source=share&utm_medium=web2x&context=3) is much more wrinkly than I am, so if you have not followed his posts in the past, now might be a good time to start. Elliot Wave is an incredible tool, but can be very misleading at first, and this is mainly due to the dynamic nature of the tool that is constantly evolving as trades are made. + * From my own count, which seems to align well with the wrinkly Elliot wave expert, we are entering the best phase of a count - the rare, and most profitable part of an Elliot wave count - Wave (iii) of 3 of III. This is the most powerful part of a count, and typically holds the largest percentage of the gains associated with a 5 wave move. + * The combination of a wave (iii) of 3 of III with the other patterns described above is very bullish, and my tits are jacked. + +[Just Up](https://preview.redd.it/in4dm8378dk71.png?width=2453&format=png&auto=webp&s=a5fd906f11b9c834f52a4967a2957996bbec5247) + +While I may have a few wrinkles in regards to technical analysis, many others are far more advanced and talented at TA than I am. While there may be many traders that lurk on the sub, there's one professional trader I have started following that also happens to offer free access to his own analysis and insights every day. I highly recommend checking out Gherkin's [Daily TA](https://www.reddit.com/r/Superstonk/comments/pe5nhp/jerkin_it_with_gherkinit_forward_looking_ta_for/) for more in depth analysis. + +# 4. THE OPTIONS + +Boy, has this become a hot topic recently. + +[If you don't understand options, don't trade them. If DFV listened to FUD that options should never be used, his initial GME investment would have been \~10k shares around $5, and would now be worth \~$2 Mil. DFV likely still owns 200k shares, worth over $40 Mil. Options made this possible. Just because you don't understand them, or are not comfortable with the risks associated with options trading, does not make options bad. Bad risk management makes options bad.](https://preview.redd.it/xhfs5hieedk71.png?width=577&format=png&auto=webp&s=c30e3b12a6d3575c84e72e8c79c86ba15bc5354f) + +First we need to talk about two important concepts - Asymmetric Risk and Moral Hazard. + +* **Asymmetric Risk -** + * In terms of finance, [Asymmetric Risk Exposure](https://financial-dictionary.thefreedictionary.com/Asymmetric+Risk+Exposure) is *"A situation in which the potential* ***gains*** *and* ***losses*** *on an* ***investment*** *are uneven. For example, in an* [***unhedged***](https://financial-dictionary.thefreedictionary.com/naked+position) ***short sale***\*, the potential gain is limited to the total potential loss of the\* ***underlying asset*** *(because something cannot have less than no* ***value***\*), but potential losses are unlimited because the underlying asset could increase in value ad infinitum (resulting in a loss for the short seller)."\* + * IRL, this leads to [Asymmetric Volatility](https://www.investopedia.com/terms/a/assymetricvolatility.asp), a phenomenon where markets tend to take the stairs up and the elevator down, i.e. March 2020. In a "short squeeze", the underlying stonk being squooze takes the elevator up, and elevator down (typically). i.e. GME in Jan, yet lots of squeezing potential remains. This happens due to leverage, fear, and margin calls leading to cascading dominoes of liquidations when risk exposure needs to be quickly taken off the table. + * In terms of data, [Asymmetric Information](https://www.investopedia.com/terms/a/asymmetricinformation.asp) is caused by FTD's of information, where certain market participants have access to more market moving data than others. This is the LARGEST, SYSTEMIC issue "retail investors" face, because 💩a🔔 has monopolized market order flows, taken 50% of market trades off lit exchanges and funneled them into their single dealer platform (SDP) called Citadel Connect. The SDP is the **DARKEST POOL** with far fewer regulations than registered dark pools known as Alternative Trading Systems (ATS). Sprinkle some good old fashion crime like Stevie Cohen's insider trading on top of that, and it's easier to grasp why the information gap between 🦍 and billionaire led criminal organizations continues to funnel money from the many to the few. Luckily for 🦍, we have found a way to share information, taking away some of the 💩a🔔 information advantage, but at the end of the day systemic overhaul is needed with tighter regulations to help move to a more fair and balanced market. +* **Moral Hazard -** + * [Moral Hazard](https://www.investopedia.com/terms/m/moralhazard.asp) is generally defined as "*the risk that a party has not entered into a contract in good faith or has provided misleading information about its assets,* [*liabilities*](https://www.investopedia.com/terms/l/liability.asp)*, or* [*credit capacity*](https://www.investopedia.com/terms/f/five-c-credit.asp)*. In addition, moral hazard also may mean a party has an incentive to take unusual risks in a desperate attempt to earn a profit before the contract settles."* + * Additionally, this includes [behavioral changes](https://www.investopedia.com/ask/answers/032615/what-difference-between-moral-hazard-and-morale-hazard.asp) that might occur and increase the risk of loss when a person knows that insurance will provide coverage. + * 💩a🔔 survived the '08 market crash by doing everything they could to survive [ONE MORE DAY](https://www.reddit.com/r/Superstonk/comments/nz7qzl/ken_griffin_talks_about_how_they_survived_2008/). Behaviorally, Kenny also watched the institutions with the largest systemic risk get bailed out by $BILLIONS, when he *ONLY* [got $200 Mil](https://www.reddit.com/r/Superstonk/comments/pediuk/the_system_is_broken_repost_for_new_apes_hold/?utm_source=share&utm_medium=web2x&context=3). While this is not the place to argue about if the $700 Billion of bailouts should or should not have occurred, it is appropriate to highlight the behavioral changes this large scale intervention in the market caused and the precedence it has set for the future. Kenny has been reprogrammed behaviorally to reassess 💩a🔔 risk management to make sure the risk exposure carried by his criminal enterprise is enough to ensure they are treated the way AIG was, and not Lehman, and he is incentivized to carry outsized risk in the event of a ⬛🦢 that "nobody saw coming", except for "dumb money" 🦍. + +&#x200B; + +Up to this point, this post has been a recap of the GME saga, with some scattered bits of education and analysis based on known facts and what I believe are the best working theories to date on what is occurring with GME's stonk. From this point forward, things get more speculative, and you should not interpret anything as definitive. The outcomes of the above TA can be thought of as cards in a Texas Hold Em poker hand - while pocket aces are a great starting point pre flop, it doesn't mean they're going to give you the best hand at the turn of the river. + +&#x200B; + +[At this point, including the analysis and story recap above, heading into the trading week and running with the poker analogy - it's pre flop, longs hold pocket jacks and shorts hold a queen 2 off suit, and it looks like 💩a🔔 is thinking of going \\"ALL IN\\"](https://preview.redd.it/2ghi6kau4ek71.png?width=690&format=png&auto=webp&s=1b2ffae6e84ee3beabd0fcb6e2123f1791c05243) + +My SPECULATION is the designated market maker for GME (💩a🔔), ended the trading week with unhedged delta and gamma exposure. It is impossible to known with certainty this is the case, but the trading activity after the the rise to $225 on 8/24 to the closing price of $204.95 on 8/27 does not indicate this occurred, and I ask any wrinkly 🦍 that see this analysis and disagree to please comment to help correct any errors. So what happened to lead me to this conclusion? + +&#x200B; + +[Delta & Gamma Neutral Levels vs GME price as of 8\/27\/2021 - credit to u\/yelyah2](https://preview.redd.it/zjz3w4084fk71.png?width=910&format=png&auto=webp&s=740273a41344eede0a42af9d007974d23a5a7e86) + +First, I'm going to take walk you through another silverback 🦍's analysis of [Delta Hedging](https://www.reddit.com/r/Superstonk/comments/pcxwci/delta_hedging_and_settlement_data_dn_update/). This model estimates how many shares of GME would need to be purchased to perfectly delta hedged. As u/yelyah2 notes, "*This assumes every option is perfectly delta hedged once per day. This is not realistic, and likely vastly overestimates the actual shares delta hedged. Some hedge funds are ok carrying a non-zero delta position, some hedge with other derivatives (instead of equities), some hedge continuously, or some hedge end of day."* Read her post before continuing if you are confused. Let me be clear, I complete agree with this analysis, and would expect MM's to follow this fairly close if they were in fact properly hedging their risk exposure. The raw data is shown below - + +[GME Price, Volume, and Estimated Delta Hedging Impacts - credit to u\/yelyah2](https://preview.redd.it/03bq8pet4fk71.png?width=798&format=png&auto=webp&s=13c18ea645a721af9ed3f6e37d7791d2ad2e1298) + +HODL tight, I'm going to start tying everything together, but first need to call attention to another piece of data that is often misunderstand or labeled as useless FUD - [DAILY SHORT VOLUME](https://www.reddit.com/r/Superstonk/comments/pdsddm/gme_vol_last_week_was_359_mil_499_or_179_mil_of/) + +[GME Volume Analysis - credit to u\/MacAttack218 ](https://preview.redd.it/tgaqrcar6fk71.png?width=844&format=png&auto=webp&s=0ff3525173c26bd0f3bbab4df3f3a537791e38d4) + +The next part of this analysis is going to open up the possibilities of asymmetric information risk, because there is a lack of data available to tie everything together with 100% certainty, only 💩a🔔 knows what really went down, so I'm going to try and close the gaps with what I believe are reasonable assumptions. So let's start drilling down into the data available - + +* 36 million shares were traded last week, of which 11 million were confirmed short sales, leaving a net volume of 25 million. +* Looking closer at the daily trading volume history from [https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), I drilled down and pulled out all market sweep orders that resulted in red 🍆 dropping the price. Sweep trades are done by "high rolling smart money" funds when they want to take a position in a hurry, that "sweep" through the order book. In the case of large red 🍆 - the orders hit all the bids needed to fulfill the order quickly, rather than moving through a dark pool or spreading the sale across more trades over a longer time frame to limit price impacts. There were 4,347,000 shares sold by "smart money" panic selling. Taking this away from the 25 million shares of remaining volume, that leaves \~ 20.6 million shares left. Could this be double counting short volume? Perhaps, although, it's my understanding sweep trades used for shorting purposes are illegal based on the uptick rule. Please correct me if I am wrong. +* Using the data provided by hell yeah yelyah2's chart above, almost 1.2 million shares were needed to be purchases for the 8/20 option settlement, combined with more than 5 million shares needed for new delta hedges after the 8/24 spike. The \~20.6 million shares left to reconcile now becomes a mere \~14 million shares. +* Now, I find it highly improbable that a bullish chart pattern that took nearly 3 months to form was only met with \~14 million shares of long purchases. +* Is it a mere coincidence the 18 million shares traded in the dark pool could reconcile this volume analysis if the 4 million shares needed to properly delta hedge the MM naked call exposure where simply never purchased, and instead, the MM deployed that capital in price suppression and shorting, while relentlessly hammering the unhedged short call position lower through lowering the ask price, reducing IV, and selling more naked short calls? 🤷‍♀️ +* Somehow, the DOOMPs tie into this whole story, whether its Criands theory or some other [other type of fuckery](https://www.reddit.com/r/Superstonk/comments/p7sofm/update_analysis_to_options_fuckery_to_manipulate/) that hides SI or gives the colluding SHFs/MMs a loophole to skirt even more regulation by claiming they were some type of "bona-fide" trade. + +Now that was a lot of words, you may be scratching your head saying WTF, so let me present a simple 5 min candle chart to better explain. + +[8\/25-8\/27 5 Min Chart - 👀 closely at those pink 🍆 - a nice glimpse of what 💩a🔔 desperation looks like](https://preview.redd.it/d37mjzoq3gk71.png?width=2515&format=png&auto=webp&s=b52b5d21447cc146fb8a8716bb83646ffc93f007) + +If you didn't say WTF before, did you this time? This post is long, it is a lot to take in all at once, but imho it's needed to understand what I'm speculating here - Just about every short attack and share 🤮 since the retest of the 225 levels has seen the price recover to the pre dump level, on less volume than it took to dump the price. My interpretation of this chart, without being able to see the order flow like Kenny can, is they are running out of options, as every stop loss hunt and sell algo spark they tried to find just simply didn't exist, and every time they tried to tank the price back below the support of the lower near term flag and pennant formation shown above, buyers defended the line and returned the price back to previous levels. The bulls are in charge again, and💩a🔔 has the asymmetric information advantage on order flow to know it better than anyone. It' been awhile since I gave an update on that poker hand...starting to look more like those on the long side of the trade have pocket kings, and 💩a🔔 only has a 10-2 off suit. + +# 5. MORE 🚀 FUEL. WHY? CAUSE FUCK EM, THAT'S WHY + +[No Comment Needed, Other Than Credit to u\/bluestar4u ](https://preview.redd.it/qnf8zr8hagk71.png?width=500&format=png&auto=webp&s=3b381de9f24d1f568c81a9d049baa693f7c29e92) + +Now I could stop here, but I haven't even mentioned one of the most important, yet overlooked theories on the cyclical nature of the GME price movements. I'm not talking about the LMAYO swaps and the future roll period, which we're in, I'm talking about the [Supplemental Liquidity Deposits (SLDs)](https://www.reddit.com/r/Superstonk/comments/ooyvbg/sld_periods_and_the_gaps_between_an_investigation/) the hedgies still have to carry until the T+9 settlement date after the expiration of monthly options. August 20th was monthly option expiry, and 9 trading days later is the 2nd of SeptemBRRRRR. But this time it's different. Because on Sep 3, right when the SHFs would get relief, [NSCC-005 is implemented](https://www.reddit.com/r/Superstonk/comments/pd0k4v/nscc005_confirmed_implementation_friday_september/), raising deposit requirements for $10k to $250k per member, and for each shell company of fuckery they've used to pillage the world. Seems like a dicey time to be a global criminal enterprise that specializes in manufacturing umbrella's of shell organizations to fuck over the world while also teetering on the brink of failure. Running a business is a tough game sometimes, huh Stevie, or was I meaning Kenny? + +[SLD Deposit and Gap Windows - credit to u\/Suspicious-Singer243 ](https://preview.redd.it/64ss0p6pkgk71.png?width=1815&format=png&auto=webp&s=9013293d4e02f31c8ed5a041ec8b547ba6d72b4e) + +So after a long journey, I think it's more likely those long GME are hodling POCKET 🚀🚀 and 💩a🔔 has a 7-2 off suit, and Kenny just went all in. Ultimate 'smart money' move. Not because he has a winning hand, but because he has an asymmetric information advantage over the government knowing his moral hazard risk sits at all time highs. See, we knew all along his intention - he is never going to cover. Instead, he decided to keep doubling down, until he reached a point naked short selling GME wasn't enough, so instead of doubling down, 💩a🔔 is naked shorting call options with 100-1 leverage to ensure the systemic risk they are creating is just big enough they don't end up like Lehman did in 08. RIP, Dumbass... + +&#x200B; + +[LMAYO - And you thought the $700 Billion Bailouts in 2008 were big. Don't worry, the amount this time has only grown because we're going through a period of \\"transitory inflation\\". Thanks J.](https://preview.redd.it/tbv50iborgk71.png?width=500&format=png&auto=webp&s=a6bd841ba77a88ab18dca835f34dbd07e1ece93d) + +&#x200B; + +[8\/30\/21 - 3:25PM EST - 💩a🔔 building their case for a bailout - Short Buildup is an increase in open interest but a decrease in implied volatility, suggesting traders are selling more contracts on short positions in the option.](https://preview.redd.it/jy1me7psqjk71.png?width=1404&format=png&auto=webp&s=870b5e6bb2b4b6b9cb5d35b400368059af8d5d28) + +# + +&#x200B; +TLDR – Unmotivated kid that barely made it out of high school, joins the military, gets educated, and travels the world as a Corporate cog before retiring comfortably at 54. + + +A lot of the posts here seem to follow a common pattern: Young person gets a good degree, lands a great high paying job at a tech company, starts saving right away, and retires in their early 30’s . Absolutely nothing wrong with that – wish I had done it that way. + + I have been FI for a few years and figure I am about 5 years from RE, so I thought I would share my story for those of us that did not have our act together, early on. + + I barely graduated high school in 1989. I think I failed 2 classes my senior year solely because I skipped too many days. With absolutely no interest in school, I got a job doing construction work. Getting bored with that, I enlisted in the Air Force in 1991 (starting pay $697.20/mo). A co-worker convinced me to take a college class with him. What started as 3 semester hours, quickly increased to 15/18 semester hours. While I would not say it was enjoyable, it did give me something to focus on. + +In 1996, I completed my degree in business (from a school I guarantee you have not heard of) and was accepted to Officer Training School. Along with the 52% bump in pay with becoming an officer, I met my future wife. Fortunately, she was way better at managing money than I was. When I got to my next assignment, I started my MBA. + + In 2000, my wife and I welcomed our daughter. After 10 years, I left the Air Force in 2001 with about $40K (wife/my IRAs) and $10K for a house down payment. + +I started off an IT consultant. My pay was about twice what I made in the military, but the first job did not last long as the company went out of business. Fortunately, I was able to quickly move to a client, doing the same work - with a raise. + + Over the next 20 years, I continued to work/advance in this field, moving to different companies and getting progressive bumps in pay. During this time, we kept saving more. Maxing out IRAs, 401ks, Coverdell, even a Mega Backdoor Roth for a few years. At the peak, we were probably saving 70% of my income. + + Most of my jobs required a lot of international travel, so I was able to travel the world in business/first class, on the company’s dime. While I have been to around 50 countries on 6 continents, there were probably 15-20 countries that I traveled to a bit more frequently. My wife and daughter were able to accompany me on several of these trips. For personal trips, I had lots of points/miles. I tease my wife and daughter that they are spoiled because the first time they had to fly economy for an international trip was in 2018. + + After moving on from my last job (completing my 2nd Master’s degree, while I was there), I came to the realization that I really did not like working anymore. I was always one of those guys that thought I would work forever. Then that number dropped to 67, then 65, then 60. Now I have got 54 as my number (~5 years away). + + I have $2.6M in retirement savings, a rental house that is paid off, and my daughter has 3 semesters of college left. We just used up her college savings, so will pay off the remainder as the bills come in. Our only debt is our current residence and we just got that refinanced to 2.75%. + + My goal is to get to $4M in retirement savings before retiring. Using conservative numbers, along with our current savings approach, this is doable. Our rental property will get sold off to purchase our retirement home, wherever that might be. My wife and I are starting to research areas. + + Compared to most people, I am in a pretty good place financially. Especially when you consider how I started off and that I am missing 10 years of work-related retirement savings/matching. I put this story out there to demonstrate to others that “don’t think it’s possible” or will “never be able to do what these other people have done.” It will not be easy, and it will take a lot of effort or commitment on your part, but it is possible. + + +Some general thoughts/recommendations from my experience: + +-Get a degree! Do not overpay for it and make sure you can get a job with it. + +-Max out your tax advantaged accounts. You will never get to where you want to be without doing this. It is going to be painful, but once you adjust, you will not miss it. + +-Being a landlord is OK, but it is nowhere near as simple or handsfree as people make it out to be. I would have been much better off (with a lot less hassle) if my money sat in the market. + +-If you are saving money for your kids to go to college – save MORE. + +-The Air Force is a perfectly good way to get started. However, you will need to maintain focus. Get into a career field with a marketable skill and go to school. It is a lot more fun to drink with your buddies than it is to go to classes at night. + + +I tried to keep this as short as I could, but I am more than happy to answer any questions. +Figured I'd ask before jumping the gun. Back in 2016 I had to pay cash for a custody lawyer so I racked up a Chase Credit Card with crazy high APR by living off it. Not trying to justify my situation but figured I'd give insight. I know I'm stupid for racking up a credit card with a 29% APR + +They closed the card a few years ago and ever since then I've been getting offers from debt collectors to settle. It's progressively gotten lower as the years went by. + +Yesterday I got a letter from Chase offering to settle for only $480. Would I be stupid to not take it? Would it be removed from my credit history? The letter doesn't go into specifics like that. What should I do? + +Edit- The account was closed in November of 2018 with the last payment received in August of 2018 +* 4,309 store closures have been announced by retailers so far this year, according to Coresight Research. +* Victoria's Secret, Gap, J.C. Penney and Tesla all announced store closures this week. + +More: [https://www.cnbc.com/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html](https://www.cnbc.com/2019/03/01/gap-victorias-secret-tesla-store-closures-hit-malls-in-the-middle.html?__source=newsletter%7Ceveningbrief) + +Edit: + +\-Amazon carnage has yet to see any stoppage. +As some of you may have heard we have discovered short sellers hiding their shorts by OFF EXCHANGE TRADING or better known as OVER THE COUNTER (OTC) TRADING. OTC trading allows smaller companies who may not meet the requirements to be listed on an exchange to still be able to trade shares of their company. In addition to that trades happen directly between two parties without the supervision or regulation of an exchange. Larger companies that are already listed on an exchange have been known to Over The Counter Trade due to there being no regulation and no supervision on OTC Trading. + +FINRA, a private regulator contracted by the government to regulate certain aspects of the market keeps track of OTC trade data. Though FINRA is considered a regulator they don't really do any regulating, it seems all they do is help track data. Each day they publish data on short selling volume for On Exchange Trading as well as Off Exchange Trading (OTC). They also track what is called Short Exempt Volume. What is Short Exempt? + +Short Exempt simply allows shorters to short a stock on the down-tick despite SSR being in place, rendering SSR useless. What allows them to do this? Who knows, there are certain circumstances that are very vague as to why a short seller can be Short Exempt. It just seems those circumstances don't actually matter and are so vague that no one can actually regulate it. + +With that said, they have been shorting AMC by the millions by OFF THE EXCHANGE TRADING. Not just by way of short exempt but also regular shorting as well. In addition to that short exempt trading is happening on the exchange too. Yes that's correct, it seems like SSR is a crock of shit as we all have expected. + +&#x200B; + +So look at it like this...... + +&#x200B; + +We are getting shorted on the exchange. We are getting shorted off the exchange. We are getting shorted by short exempt on the exchange. We are getting shorted by short exempt off the exchange. I still believe they are doing this OTC Trading for more than just an extra way to short AMC and avoid the SSR rule. Although those are huge I think there is more to it. + +So lets take a look at some numbers from FINRA data to see what we have been missing..... I'm also more focused on Short Exempt shares because these are the shares that are not included in any data you are seeing on these finance website & the ones they are trying to hide. + +Below is last months total volume of OFF THE EXCHANGE shorting of just 1 TRF (Trade Reporting Facility), and there are multiple TRF's. Notice the Short Exempt Number; 11,551,305.. Those are shares that have shorted avoiding SSR as well as shares that until finding this data is not reported on a website like, say, fintel. 11.5 Million Short Exempt shares we were not counting. That was just last month. We are approaching 30+ million shares they have hidden and we have unaccounted for in our typical "fintel" type data readings to date. + +&#x200B; + +[ Monthly OTC short selling data](https://preview.redd.it/gdh9mo5exzo61.jpg?width=2048&format=pjpg&auto=webp&s=f0abc947638831b671c137d4ed75c927c860dd57) + +[https://www.finra.org/filing-reporting/trf/trf-regulation-sho-2021](https://www.finra.org/filing-reporting/trf/trf-regulation-sho-2021) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +All of these documents are public and I want you guys to explore them on your own. Lets take a look at yesterday short sell volume. AMC was on SSR, but that didn't matter because they were short exempt. + +**Here is the data from 3/23** + +OFF THE EXCHANGE SHORT VOLUME + +Short exempt: 901,579 + +Short: 10,149,821 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +ON THE EXCHANGE SHORT VOLUME + +Short exempt: 228,009 + +Short: 4,112,999 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Consolidated (Total) + +Short exempt: 1,129,588 + +Short:14,369,526 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The day prior (Monday) we had 1,324,424 Short Exempt shares shorting AMC. We have been having an average of 1.5 million a day (7.5Mil a week) shares that we have not been accounted for in short volume. Everyone has been wondering if, and how they have been shorting during SSR. Yes they have still been shorting on downticks during SSR, this is how they have been doing it and here are the shares they have been using to do it. + +PLEASE TAKE A LOOK FOR YOURSELF. I myself am only sharing what is available to you. I do not claim to no it all or anything at all. I just ran across something doing my own personal DD and instead of just keeping it to myself I felt it my duty to share it with you all. If you're like me any data that can build my confidence that this is not a dead cat I'll gladly accept. I have not even fully grasped all this info nor do I fully understand it all. I spent all day and all last night reading and going through data just to gain a basic level of understanding of what is going on behind the scenes. I'm getting this convo starting and helping get any info that's helpful out there, you take a look at it yourself do with it as you see fit. HERE IS THE LINK TO THE DAILY DATA: [http://regsho.finra.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) + +At this point my interpretation of this is desperation. They are scraping for short shares from anywhere they can. Much like a high school kid getting his ass whooped they have their eyes closed, head down, and are just swinging at the air. Trading OTC & Short Exempt is a move most were not aware of but I think there is more to it. There is more at play here for them, to be listed on NYSE but to be shorting AMC Off The Exchange with 0, zero regulation. I have yet to figured it out, and someone else may be able to figure it out, but there is more to why they are OTC Trading millions of shares each week. + +They are more shorted than we thought by about at least 7 million additional shares a week. They have been piling up to 30+ million shares short they have hidden and we have unaccounted for. A squeeze is inevitable, but only if we continue to buy and hold. With everything I've seen AMC is the #1 squeezable stock right now, but a stock dont squeeze itself. Gotta keep buying and holding. + +No one is going to regulate them. The sec is not going to stand up for us, the dtcc is not going to do their job, congress won’t help. So we must stand up for ourselves. This is how we protest, this is our occupy movement. We buy, we hold, and we aren’t fucking leaving! + +Ape strong together 🤙🏾 + +\[Don't be a troll, no one likes those. If you see any errors or find something in the documents I missed just DM ya boy!\] +Can't say how pissed I am. Can't adjust my longs even though the market is dying rn. Had a fairly volatile long open that I was going to sustain with additional margin, can't do any of that. App is just showing me "data can't be loaded". Pretty sure my position will just be already liquidated once their data service comes back online. + +When will exchanges in this business take responsibility for what the hell they're doing? Imagine if Interactive Brokers just went out during a major selloff. People would sue the living hell out of them. + +My heart goes to anyone who lost a position due to Kucoin fucking up AGAIN. I am sure someone from their PR team will read this and only not ignore it if becomes a thing. + + + +Edit 1: Yes the market isn't actually dying. Whatever. Exchanges are literally locking up our money and positions as they see fit. + +Edit 2: Yes trading on margin is risky. But that's completely besides the point when users can't close positions, can't add margin, can't do anything except pray that they don't get auto-liquidated while the exchange is down AKA can't manage their risk. + +Edit 3: My risk management bid ended up going through, position wasn't liquidated. This doesn't change anything, this post isn't just about my tiny little position getting rekt because Kucoin is down. It's about an exchange not allowing users to execute risk management strategies right when they need them the most and conveniently coming back online right as it's too late. +Wanted to claim LTA tax exemption (FBP) on one of my recent travel journey. But the thing is my source and destination in both outward and return journey tickets are completely different due to a couple of complications that I faced. (Took taxi, flight got canceled at connecting airport). + +So I wanted to understand if I can still claim tax exemption under this? Below is how my journey in tickets/boarding passes look like, + +**Outward journey:** +Point A to point C (Flight was from A>B>C, however I had to get off at connecting airport B due to bad weather flight cancellation ). + + +**Return journey:** +Point D to point E (via point F connecting flight). Note that the return journey wasn’t from point C because I took a private taxi from point C to point D.  + +Understand this might sound a bit complicated, but any help would be greatly appreciated. +***PPFAS Long Term Value Fund*** is revered on this sub for it's consistent performance, dedicated management and low volatility. It provides [strong downside protection](https://freefincal.com/parag-parikh-long-term-equity-fund/) during turbulent periods and market corrections. The trade-off is less upside during bull markets. The fund has 20% exposure in international stocks which diversifies its holdings across borders. + +***Kotak Standard Multicap Fund*** follows a similar [investing methodology](https://www.livemint.com/money/personal-finance/it-is-a-great-time-to-build-an-equity-portfolio-from-the-long-term-view-harsha-upadhyaya-11570358830703.html). A strong performer with a long history of outshining its peers. With Beta=1, drawdowns will be deeper than PPFAS but not too severe. The advantage is large upswings during bull markets which creates a buffer during negative periods effectively adding to its downside protection. + +Recently, the fund is planning to invest more heavily into small and midcap stocks after their correction. It currently holds 51 stocks with RIL as the biggest holding. + +**Relevant Information on November 2019** + +|**Details**|**PPFAS**|**Kotak**| +|:-|:-|:-| +|Exit Load|2% for redemption within 365 days 1% for redemption between 366 - 730 days|1% for redemption within 365 days| +|Direct Expense Ratio (TER %)|1.32%|0.87%| +|Regular Expense Ratio (TER %)|2.07%|1.72%| + +There are qualitative differences such as individual investor performance, customer service, fund communication and ease of purchasing/redeeming/switching funds which can come for anecdotal experiences. +Now that the virus's implications are reasonably understood, are you bullish or bearish on the Indian economy ? + +Are you bullish or bearish on stocks ? Which ones ? + +Do you have an opinion on state of banks and MSME's ? +You can discuss something like these, ITT: + +- Which fund houses are you currently investing with? Why did you invest in the funds? +- Reviews on the funds offered by the fund house? +- Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering? +- How easy it is to navigate & use their app / websites? +- Does the fund house provide periodic communication regarding the markets, fund performance and strategy? +- What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it? +- What does the PMS / AIF fee structure look like? +- Does the PMS manager provide periodic communications regarding portfolio selection and performance? + +--- + +You can ask for general review of a particular product or service that you are researching - _"What is the investing style of fund X? Is it recommended for long-term retirement needs?"_, but **avoid asking for personal advice**. + +The discussion is for consumption by a broader audience, not just specific to you. + +For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services. + +[Link to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +I have been planning to start investing in MFs, however, there are so many of them. Even if I consider just Focussed Equity Funds, there are so many same/similar funds by various companies. Are there are important metrics you look at to decide on a MF? +https://www.cnbc.com/2019/08/23/trump-will-raise-tariff-rates-on-chinese-goods-in-response-to-trade-war-retaliation.html + +Edit: + +>The U.S. will raise duties on $250 billion in Chinese goods to 30% from 25%, and increase tariffs on another $300 billion in products to 15% from 10%. +[https://www.marketwatch.com/story/biden-may-invoke-defense-production-act-to-mine-more-minerals-for-ev-batteries-11648675698?mod=mw\_latestnews](https://www.marketwatch.com/story/biden-may-invoke-defense-production-act-to-mine-more-minerals-for-ev-batteries-11648675698?mod=mw_latestnews) + +Now things are beginning to get interesting. I have been very very bullish on commodities for over 2 years now. I am 50% invested in Crude Oil, Gold, Fertilizer, Steel, Copper stocks etc. But if NOW the US administration is feeling pressure on securing and increasing mining in minerals like lithium, nickel and graphite, cobalt and manganese than this super commodity bull market might just be in the 2nd inning instead of the 6th or 7th innings. It's just amazing how everything the Fed/Government can't print has been rallying during this 70's/80's style inflation. +[https://www.sec.gov/news/press-release/2021-172](https://www.sec.gov/news/press-release/2021-172) + + + +**FOR IMMEDIATE RELEASE** +**2021-172** + +*Washington D.C., Sept. 1, 2021 —* + +The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion through a global fraudulent and unregistered offering of investments into a program involving digital assets. + +According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, from early 2017 through January 2018, Defendants conducted a fraudulent and unregistered offering and sale of securities in the form of investments in a "Lending Program" offered by BitConnect. The complaint alleges that, to induce investors to deposit funds into the purported Lending Program, Defendants falsely represented, among other things, that BitConnect would deploy its purportedly proprietary "volatility software trading bot" that, using investors' deposits, would generate exorbitantly high returns. However, the SEC alleges that instead of deploying investor funds for trading with the purported trading bot, defendants BitConnect and Kumbhani siphoned investors' funds off for their own benefit by transferring those funds to digital wallet addresses controlled by them, their top promoter in the U.S., defendant Glenn Arcaro, and others. The SEC's complaint further alleges that BitConnect and Kumbhani established a network of promoters around the world, and rewarded them for their promotional efforts and outreach by paying commissions, a substantial portion of which they concealed from investors. According to the complaint, among these promoters was Arcaro, the lead national promoter of BitConnect for the United States who used the website he created, Future Money, to lure investors into the Lending Program. + +"We allege that these defendants stole billions of dollars from retail investors around the world by exploiting their interest in digital assets," said Lara Shalov Mehraban, Associate Regional Director of SEC's New York Regional Office. "We will aggressively pursue and hold accountable those who engage in misconduct in the digital asset space." + +The SEC's complaint charges Defendants with violating the antifraud and registration provisions of the federal securities laws. The complaint seeks injunctive relief, disgorgement plus interest, and civil penalties. The SEC previously reached settlements with two of the five individuals it charged in a related action for promoting the BitConnect offering. In a parallel action, the Department of Justice today announced that Arcaro has pleaded guilty to criminal charges. + +**The SEC's investigation was conducted by Gwen Licardo of the SEC's Retail Strategy Task Force, Michael Baker and Pamela Sawhney of the SEC's Cyber Unit, and Jorge Tenreiro and Jordan Baker of the SEC's New York Regional Office. The case was supervised by John O. Enright, Ms. Mehraban and Kristina Littman, Chief of the Cyber Unit. The litigation is being conducted by Mark Sylvester, Richard Primoff, Ms. Licardo, Mr. Baker, and Ms. Sawhney. The Commission appreciates the assistance of the Cayman Islands Monetary Authority, the Hong Kong Securities and Futures Commission, the Monetary Authority of Singapore, the Ontario Securities Commission, the Romanian Financial Supervisory Authority, and the Thailand Securities and Exchange Commission.** + +The SEC's Office of Investor Education and Advocacy and Enforcement's Retail Strategy Task Force has issued an [Investor Alert on Digital Asset and Crypto Investment](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/digital-asset). Investors can find additional information about digital asset and "crypto" investment schemes, including the warning signs of fraud, at [Investor.gov](https://www.investor.gov/). + +*More About This Topic* + +[Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites](https://www.investor.gov/additional-resources/news-alerts/investor-alerts/investor-alert-watch-out-fraudulent-digital-asset) + +[ICO - Howeycoins](https://www.investor.gov/howeycoins) + +\--------- + +&#x200B; + +Check out the bit in bold + +SEC is working with Cayman Island Authorties and many other authorities around the world. + +Hedgies. R. Fuk. +**TLDR:** Brokers refuse to DRS IRA shares stating it's against internal policy. They will do a distribution to ComputerShare but that can be a taxable event, depends on your situation. Capital Gains + 10% early withdrawal + state tax can be upward of 30%+ taxes. If I don't have the money come April 2023 to pay them, I might have to sell. To me this sounds like what the SHF would want. So I present to you the steps I took to DRS **X,XXX** Traditional and Roth IRA shares with a NON-BROKER CUSTODIAN. + +**The key takeaway is that I used a custodian to DRS. My shares are not at the custodian now, they are with ComputerShare and Gamestop. They have been withdrawn from the DTC.** + +**This is not financial advise, just my experience, and I'm zen af rn.** + +"If your shares are registered with the broker, the fate of your shares lay with the broker (DTC). If your shares are registered with the company, the fate of your shares lay with the company (ComputerShare)" - Dr Trimbath from DRS Origin Story + +**Visual Guide followed by FAQ** + +[IRA AND DTC STOCK WITHDRAWAL](https://preview.redd.it/samikeceab591.png?width=771&format=png&auto=webp&s=ddc34e05ffb4e996608cf981150940d1d8607b3e) + +The overall steps are: + +1. Choose a non-broker custodian willing to direct register (DRS) your IRA shares, while remaining the financial custodian, and adding you as the registered owner - in the form of: Custodian Trust For Benefit Of your name IRA +2. I chose to work with Mainstar Trust ([https://mainstartrust.com/Contact](https://mainstartrust.com/Contact)) based on post and recommendations I've found. So far they have been extremely knowledgeable, responsive and helpful throughout this learning process. +3. Once you've made your selection, based on your DD, **setup a like-in-kind IRA account** with your non-broker custodian. These will be standard new IRA Account forms. like-in-kind means Traditional account for Traditional IRA and Roth account for Roth IRA. +4. Once the accounts are created, you will **fund them via a standard Transfer request**. The non-broker custodian will supply these and you can fill them out with your broker account information that you are transferring from. You don't need to contact your broker, unless you want to inform them to expect the request from your non-broker custodian. +5. Once the shares are in your non-broker custodian account, **request via email that they direct register them, for benefit of you, with the transfer agent** \- for Gamestop, that is ComputerShare. They should be familiar with this process. +6. Request they also scan and **email you the DRS Advise letter** when they have confirmation. +7. The DRS Advise letter will contain two pieces of information you need to create your ComputerShare account for your IRA shares: + 1. **Zip Code** on file (this will be your non-broker custodians zip code on the letter) + 2. **Holder Account Number** (starts with C00 on the letter) + +[Use the Zip Code and Holder Account Number from the DRS Advise Letter](https://preview.redd.it/sxcafi1gab591.png?width=772&format=png&auto=webp&s=96d2155bec0b51e0d25ddacbaa5afc138d2fa573) + +8. To initiate the ComputerShare account creation process, go to: [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) + +9. Click the **Register Now** link under Login + +https://preview.redd.it/kyy2didhab591.png?width=600&format=png&auto=webp&s=970325e31db8b3c2ce4e266480398b1b27e0e8be + +10. Under Confirm your details choose **Holder Account Number** + +11. Enter your Holder Account Number and Zip Code on file from the DRS Advise letter. + +https://preview.redd.it/1jexssajab591.png?width=620&format=png&auto=webp&s=53afd1e6d2f954a8507d8e586bda731b821c7bee + +12. Fill in the rest of the details, stock name, email (**use a different email** if you already have an existing ComputerShare account for non IRA shares), password, and click Register. You will receive a confirmation and a notice that your **Account Verification Code** will me mailed to the address on file. + +13. Contact your non-broker custodian and **ask them to forward you your Account Verification Code** from ComputerShare. Mainstar did this for me in less than a week. + +[Note your Verification Code - and that Mainstar's PO BOX number is 420 - nice](https://preview.redd.it/9p5jaqjkab591.png?width=638&format=png&auto=webp&s=5c51159ce828dfb83c8891b843e2a3a402f76334) + +14. When you receive the Account Verification Code go back to [https://www-us.computershare.com/Investor/#Home](https://www-us.computershare.com/Investor/#Home) \- this time choose **Login** + +https://preview.redd.it/9j5vq53mab591.png?width=609&format=png&auto=webp&s=bf1848f5bb421b040ff791273def5cb0d961bb40 + +15. Use the Username and Password you created earlier. + +16. When prompted enter the **5 digit verification code** that was forwarded to you. + +17. Welcome to your IRA ComputerShare Account! **Congrats**, you made it! Now things to do: + +1. Update your email preference in your Profile +2. Manage your investment plan +3. **VOTE!** \- You can vote directly from ComputerShare! + +https://preview.redd.it/gpdp6kanab591.png?width=1166&format=png&auto=webp&s=98471aa8d4d0722dec3b37a090155a7a4a324fbf + +**IRA DRS FAQ:** + +**Q:** How long does the overall process take? + +**A:** 10-20 business days. Things will go much faster if you contact Mainstar in advance and ask them to DRS the shares as soon as they get them, and to scan and email you the DRS Advice letter plus the ComputerShare verification code you will need to activate your account. Follow up with them, they are very helpful. + +**Q:** How much does it cost? + +**A:** Mainstar is $110/per account/per year. So if you had a Roth and Traditional loaded with GME it would be a total of $220 per year. Complete info on fees ([https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY\_EdUkg/File/20220307095230-Fee%20Disclosure.pdf](https://mainstartrust.com/Portals/0/adam/DocusignForms/VK1rKbuoYEOqpIOY_EdUkg/File/20220307095230-Fee%20Disclosure.pdf)) + +**Q:** Why do I need to use a separate email if I already have a ComputerShare Account? + +**A:** You do not want IRA shares mixing with non retirement shares. That could be a distribution, I'm also not sure ComputerShare would even let you and that could delay your whole process. + +**Q:** Can I sell directly from ComputerShare? + +**A:** No you need to use Mainstars online system or call or email. They are still the financial custodian and need process the sale. + +**Q:** How long does it take to sell? + +**A:** It takes 3-5 days to transfer back to Mainstar. You could do this tax free in advance when ready to sell. From there you can make immediate market orders or limit orders. + +**Q:** What happens to my funds after I sell, do they go back into my IRA? + +**A:** Yes, money goes back into your IRA at Mainstar, maintaining its tax free or tax differed status. + +**Q:** Can I vote directly from ComputerShare? + +**A:** Yes you can vote directly in ComputerShare, Mainstar also forwards you any documents they receive. + +**Q:** Why Mainstar Trust? + +**A:** [u/winebutch](https://www.reddit.com/u/winebutch/) posted about their successful experience months ago. I decided to pull the trigger myself. Since then I've heard nothing but good experience from other apes that have followed this guide. Mainstar reps are extremely helpful and familiar with the IRA DRS process, especially for GME! They do not use Apex and when I asked Dr Trimbath on Twitter about IRA DRS she recommended to try a NON BROKER custodian and work with small businesses. + +Feel free to ask more questions and I'll research/update the FAQ as I go. The best way to get questions answered is to email/call Mainstar directly. Again, this is **not financial advice**. In fact, I strongly recommend to interview your own brokers and custodians, consult with your CPA, and consider your situation and what works best for you. My goal is to share my experience and what I have learned based on months of research and push back from brokers. Share knowledge and experience, be kind, stay frosty everyone. + +Hope you enjoyed, SHOP, DRS, HODL, LFG! +Hi guys, + +&#x200B; + +Update: This post is another redditor who was scammed and the crypto went to the same wallet. https://www.reddit.com/r/pancakeswap/comments/my439d/200_bnb_stolen_today_from_my_trust_wallet/ + +In the comments someone was able to retrieve their crypto. If anyone knows how to do this please reach out to me and I will reward you with $5,000 +https://www.reddit.com/r/pancakeswap/comments/my439d/200_bnb_stolen_today_from_my_trust_wallet/gvstvf6?utm_source=share&utm_medium=web2x&context=3 + + + +I woke up this morning to find my MetaMask wallet was empty. Overnight, someone withdrew 22 ETH worth over $60K (My life saving pretty much, I'm 27 and was aiming for a small apartment to live in) + +&#x200B; + +My wallet (Account 1) address [https://etherscan.io/address/0x374d51543db6c697eed85fe7fd9fa485201f34a9](https://etherscan.io/address/0x374d51543db6c697eed85fe7fd9fa485201f34a9) + +&#x200B; + +It seems to end up on the an Exchange named FixedFloat, you can track the transfers and final deposit here + +&#x200B; + +[https://etherscan.io/address/0x4e5b2e1dc63f6b91cb6cd759936495434c7e972f](https://etherscan.io/address/0x4e5b2e1dc63f6b91cb6cd759936495434c7e972f) + +&#x200B; + +About 4 days ago, I downloaded a software called LimitSwap to purchase a new token the moment it is listed. The trading software requires you to input your private key so it can execute trades. I asked about this in the telegram group and a bunch of people immediately reassured me this is normal, the bot only runs on my computer and needs the key to make trades. The developers would never have access to the key. + My computer has never been compromised before, only in the few days since I inputted my key into his software. Basically the amount of people who claimed to be fellow customers reassuring me gained my trust. Looking back, this was incredibly gullible of me. [https://www.limitswap.com/](https://www.limitswap.com/) [https://www.youtube.com/watch?v=i5qWpyoWPMk&ab\_channel=LimitSwap](https://www.youtube.com/watch?v=i5qWpyoWPMk&ab_channel=LimitSwap) + +&#x200B; + +I contacted him but he his is not very helpful at all. He is accusing me of lying and never using his software, even though you can trace the token I had to buy to use his program named $LIMIT + + +0x0C18E6072890e12bFe228f5979B1c92708D9F7C7 + +Any ideas how to proceed from here would be greatly appreciated. + +&#x200B; + +For anyone reading this, please go buy a cold wallet right now. Also never share your private key with anyone, even your grandmother. I was way too relaxed about my crypto and there are people at every corner with plans already hatched on how to steal your assets. Be careful out there don't trust anyone or any software claiming to need your private key. + +I made this from nothing so I guess I'll just have to start again. Not the end of the world but a very expensive lesson. + + +EDIT: Someone mentioned to offer a reward for whoever can trace the crypto and get it frozen. I am 100% willing to give a large finders fee to whoever can help. Shoot me a DM. +Fact: Hedge funds can make the stock price do whatever they want. + +Fact: Hedge funds haven’t covered. + +Fact: I am an autistic retarded ape who eats crayons. And this is not financial advice. + +The market is coming down retards. Myself and hundreds of others have been telling this for months. Don’t believe me? Check my past posts. + +The theory is that the hedge fucks are literally butt fucking the market to gain capital so they can pay up when margin calls. As seemingly great buying opportunities for other stocks continue to present themselves, I state once again that I am NOT BUYING ANYTHING ELSE. Why!?!?!! Because that’s what they want me to do!!!!!!! + +“bUt pAlAnTiR iZ $18” + +I DON’T GIVE A SHIT + +The only place I know my money is safe at this point in time and for the foreseeable future (until GME MOASS) is in my beloved GameStop. Cheeks so juicy this bitch stay taking all my money. My wife’s boyfriends jawline isn’t having nearly as much fun with her and I know he envies me. + +So wtf am I saying? + +GME will fall. It will drop with the rest of the market like it did today, and like it has done several times in the past in order to mimic a crash. And as you are liquidating your entire portfolio, you will look at GME and you will hesitate... You will see flashbacks of all the DD and memes you have read over the last months (or days if you are new here). You will remember all the good times and laughter this community has brought to you through some tough times. And you’ll smile and remember why you hodl ..................................................... +And at that exact moment, you will see GME rise like a Phoenix, and you will be flooded with emotions that will make you warm inside while at the same time making your genitals tingle. Your bias will have been confirmed, and your tendies will taste that much better. + +Love you guys. +The pact, announced by the Communications Workers of America union, stands to end a six-and-a-half-week work stoppage and one of the longest U.S. strikes in recent years. +The Federal Reserve may have to raise interest rates above 5 per cent to get a grip on surging inflation which is showing signs of becoming entrenched in the world’s largest economy, according to UBS Asset Management’s Barry Gill. + +Mr Gill, who is head of investments at the $US1 trillion ($1.48 trillion) asset manager, said he was not surprised by Wednesday’s hotter-than-expected consumer price index which showed annual headline inflation climbed 8.3 per cent in August. + +Core CPI, which strips out volatile food and energy components, advanced 6.3 per cent. All measures came in above forecasts. + +The data validated Mr Gill’s long-held view that inflation is proving stickier than markets and central banks had anticipated, a scenario which increases the likelihood that policymakers will be forced to tighten the economy into a recession. + +“We have had a persistent dynamic this year whereby people have consistently anticipated a topping out of the inflation rate, and it just hasn’t been materialising,” he told The Australian Financial Review. + +“I think it matters that it’s surprising so many people because it is likely to prompt a much more severe reaction from central bankers as they try to get their heads and hands around inflation. + +“That creates a more significant risk that they really try to put a brake on inflation, and as a result, put a significant brake on the economy and tip us into recession. So when you see an inflation print like the other day, it increases the probability of an accident.” + +While traders have increased their bets on a full percentage point rate rise by the Federal Reserve next week, which would mark its largest since 1981, Mr Gill believes the central bank will opt for another two 0.75 percentage point increases. + +Traders have priced in 80 basis points of tightening at next week’s Federal Open Market Committee meeting, suggesting a minority backing a 1 percentage point increase, according to Bloomberg. + +Markets imply a peak rate of 4.4 per cent reached in March. The current range set by the Fed is 2.25 per cent to 2.5 per cent. + +But Mr Gill believes rates may need to go higher than that, despite the economic toll. + +“It does feel like in a lot of areas, inflation expectations are becoming a little more entrenched, and once they become entrenched, it’s very, very difficult to unwind that,” he said. “So could rates go to 5 per cent? Sure they could. + +“And if rates go into the fours and fives, is that going to create a problem for equity markets? Unequivocally.” + +Period of uncertainty +Mr Gill thinks the market’s short-term performance will depend on whether people believe central banks have been effective in snuffing out the more persistent inflationary pressures in the economy. + +“If people start to believe the Fed and the ECB are successful in that regard, markets will start doing very well – the volatility will go down a lot,” he said. + +“But I think it’s going to take many months before we get that visibility, and so we are unequivocally in a period of uncertainty.” + +As for what would happen if the Fed does deliver a jumbo sized rate rise next week, Mr Gill admits he does not know. + +“On the one hand, people might argue it’s evident that they’re behind the eight-ball on [inflation] and are panicking. You don’t want your central bankers panicking,” he said. + +“On the other hand, markets might conclude that they’re finally reconciling themselves with the problem and trying to get ahead of it.” + +https://www.afr.com/markets/equity-markets/sticky-inflation-may-force-fed-to-lift-rates-above-5pc-20220915-p5bi94 +From SEC's website https://www.sec.gov/investor/pubs/regsho.htm + +#11. I read on an internet chat room or website that a specific security has a large number of fails; are these sources reliable? + +... + +Investors should always be cautious that issuers, promoters, or shareholders may be seeking to stimulate buying interest by making false, misleading or unfounded statements in internet chat rooms or other such forums about alleged large “naked” short positions in some smaller issuers. Some individuals may encourage other investors to buy these issuers’ securities by claiming that there will be an imminent short squeeze, in which the alleged “naked” short sellers will be forced to cover open short positions at increasing prices. These claims in fact may be false. + +------------------------------ + "in some smaller issuers" 🤣 +I get it that everyone is touchy around dips, especially when they're *weekly* dips. + +Still, its almost verboten to even ask why in the sub. Does everyone just want to keep their blinders on? I get that the HODL meme is strong here, but inquiring minds want to know the reasons behind things. + +Today's dip is coming off seemingly no news. If it is, the sub is devoid of posts indicating what it might be. This happens literally every dip. Anytime anyone asks the responses are sharp bites to stop asking, shut up and hold, or gtfo if you can't take it. + +I can certainly take it, but that doesn't mean I don't want to know why things happen. Seems to me the smart move is to understand why things happen so you can predict them next time, not blindly say that nothing is wrong with your head in the sand. Sure, it'll probably go back up (probably) but in the meantime, why is it so faux-pau to ask? + +**Edit** + +Gee Whiz, some of you guys really are working to reinforce my points. To be fair though, many great ones explaining the action. Thank you. + +Not all of us are here 24/7, and I know you're probably tired of explaining. Still, very odd to see big actions and nobody really talking about why. +Brief search didn't yield any obvious results - how many cars do you have at your primary residence? I find myself at times needing/wishing I had something larger for people/stuff hauling and long road trips. The "weekender" coupe and the luxury sports sedan bring the fun factor but lack the space. The "beater" small size hybrid SUV is practical for quick around town trips and short commutes to work for the misses. That's 3 cars for two drivers (all newish/new models and paid off). + +Curious if those that are able have multiple cars to fit specific purposes or get a single versatile car for each driver in the house. +Hello everyone. + +I got about 200K left on my mortgage which I can pay around 4 years. The question is if I should pay off my house or save that money to buy investment properties? + + +Thanks + + +Edit: this current house is my primary residence for now, but in couple of years I want to buy a bigger and better house and rent this place out. +I am looking to add rental properties to my portfolio (duplexes and small apartment complexes). I live in Columbus where real estate prices are pretty high currently (as they are everywhere) and I find it hard to find any deal that makes sense and shows any decent return. Are there any other cities I should keep an eye on and look for properties where the prices may not be too overpriced but rents are still strong. +Hello, I'm a complete noob at real estate and have been researching the past week. I've gained some really cool knowledge, and heard some amazing success stories of people starting small and growing big. Also, I'm a freshmen in college and plan to become an orthodontist, so around 8 years of school. I'll likely graduate & have a stable job by age 30-32, where I'll make 100-200k a year, depends on how well everything goes. + +My main question is how do people get big? So say you save up 50k for a 25% down, 30 year mortgage. The house is worth 300k. You get a tenant who pays off your mortgage, and supplies money for repair bills, insurance, etc. It takes 30 years to get maybe 300-450k from that deal just based off of the house worth, etc. How do you get more properties? Would you sell the house 5 years down the line when you maybe have 35% of the house paid off and invest in more houses/units, or would you just be saving money from your normal job continiously putting it into realestate? Both seem pretty unpractical, so I'm wondering if I'm missing something, because I constantly hear these stories about people who start with 1 property, and end up with like 15 properties 10 years down the line. How is this possible? +Which RE industry property management, maintenance, finance, sales, etc - certifications or credentials or educational programs have been personally beneficial or worth their weight in gold to you as an investor or hands on manager? +I would say that I have a good amount of experience trading (really started to trade in the past 1.5 years). Mostly I just play the stable coin game vs trading any perps or options. With the market being insanely volatile and having less and less time to look at the market and predict where it's going I became intrigued with being an LP. + +I like the idea of providing liq to AMMs but I am afraid of getting killed on Impermanent loss. I can deal with other risk tolerance and not putting money into something I don't trust but I hate impermanent loss. + +For those who are more experience with providing liq / farming / staking what is the best way to avoid this? Any strategies? + +Appreciate any help +Hey hey, what's up guys! + +**Thought process behind this prediction** + +I think GOLD will continue is way up and won't broke the ascending channel that we are currently in. At this moment GOLD is trading sideways. When this pattern is formed, usually we see a continuation on the trend. That's why I think it won't broke that resistance zone and will test the trend line until it goes up and break the resistance level heading to somewhere close to 1830.000. In addiction, I believe those 2 EMA's (100, 200), will work as a support if the pair comes down to the trend line. + +If the par doesn't move to the trend line and actually breaks above the resistance zone, I will probably wait until it makes a correction to the now support zone and go long. + +What's your plan for GOLD? + +https://preview.redd.it/ndg4f1429vb51.png?width=1729&format=png&auto=webp&s=95e472d407865e9e03c09a599c96d1ddc757970b +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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The new radical mentality that’s evolving around here. The kind and funny mentality is slowly being replaced by a new type of greedy complaining. + +“Price didn’t move enough for me, that’s it hedgies I’m raising my floor one million dollars!” + +“Let’s all switch brokers on the same day to mess with the system.” + +“I can’t wait for the market to crash.” Etc, etc. + +Those examples are pretty mild but it doesn’t take much looking to find proof that the atmosphere is changing. There are plenty of reasons why this may be. + +1. Shill tactics are becoming subtle. An effort to turn this into a movement instead of an investment seems like a new shill goal. If it is a shill tactic we should be weary that their million dollar lawyers have a plan. They may be losing the game but don’t for one second believe they won’t do anything they can to ruin this for us. + +It’s becoming clear that we have two goals around here and they make this sub complicated to balance. First we are investors in GME and we would like our investments to print. Second we want our markets to play by the rules, so we are becoming advocates for FREE and FAIR markets. We need to somehow deal with these two details in a way that does not jeopardize our sub. It is hard to do both in one place. + +2. As we grow we are picking up a lot of first time investors. It is amazing that younger and younger people are getting involved. Yet, as mentioned in a comment of mine, the youth has a tendency to fall into a tribal mentality. They are quick to call people “shills” when they read something that goes against their perception of the situation. I also believe these younger apes are our “missionaries.” They feel a part of something and want everyone to know what they know. + +To my younger brothers and sisters (likely brothers) remember when you speak in other subs you are representing us all, even if you don’t mean to. Us GME apes, and fair market patriots would fair better in the war if we remain kind, compassionate educators. The media loves to clip things out of context and trust me they are looking for ammo to paint us the fall guy. + +3. Our satire humor is dancing the line between funny and outright inappropriate. Memes about hoping the market crash and being upset that it doesn’t, commenting during an AMA that you hope our guest gets into a car accident, treating our investment as a hostage situation, and the like. Trust me when I say I love some satire or dark humor but, remember that we are being watched and whether we like it or not we are slowly becoming a group that could help end the dirty games that have been going on for nearly 100 years. + +“With great power comes great responsibility.” + +I fear the days of our youth are rapidly fading. Most of us grew up on wallstreetbets, we migrated twice and finally found a home, a name, and an education. The farther this fight goes the more it becomes clear that the warriors that came before us need our help if this is ever going to end. We don’t need to turn into tie wearing assholes, but we are being watched and some humility goes a long ways. + +———————————— + +In summary I believe we are evolving. What started as a money play has turned into something more. I personally am having trouble striking a balance between an investor and a patriot. What are apes now, are we GME supporters? Ape (all people equal) are we fair market advocates. Blurring these lines can be difficult to say the least. + + I challenge you to define what this sub is to you, and why are you are here. (No need to post, just give it a thought) + +It seems like we are being torn apart by those who purely want to see the investment be profitable and those that want to expose fraud in our markets. Personally I want both, but using GME as a tool instead of an investment could work against us if we are not careful. + +TLDR. Don’t be an asshole. Humility is always the play. Know the rules and fight fair. + +We had a good Monday. Keep your head up and don’t be discouraged if the battle draws on. Don’t forget that everyday is one day closer. I appreciate every single one of you and our time will come. BLASTOFF! + +EDIT: It was brought to my attention that my use of the words “mission statement.” is misleading, inappropriate, and not exactly how I intended it. Thank you u/THC-lab for pointing this out. To clarify I was hoping to get apes to think about what this sub is to help prevent disagreements or infighting. (Deleting) + +EDIT: It seems this was more controversial than I thought it would be. Some people do not share my opinions. I do believe if you check new postings, or get deep into comments, every word of it is true. Also, I am not calling for anything, only expressing some thoughts and trying to say something other than “the floor is 20 million.” In any case thank you all for reading and have a wonderful Tuesday. Looks good so far! +I'm not from the US, so I'd like to know how this works. I just can't believe that someone like Donald Trump can make a run for president in any serious way, and have enough people following him and willing to vote for him to make it real. + +Its like some crazy scene from Idiocracy come true. Can you people not see how effed up it is? How can anyone think he would make a good president? Because he is good at buying and selling real estate and had a reality TV show? + +I find it mind boggling. How can people think he is in any way shape or form qualified? Does it really all come down to who has the most money? And if thats the case, I'm flabbergasted that there isn't rioting in the streets. + +Also, the whole Clinton/Bush dynasties happening for the last (what now?) 15 years? In a so-called democracy? How can you people be OK with this? + +Please! Someone tell me what is going on?? I'm blown away by the stupidity and cattle-like mentality that I think I'm seeing! I just can't believe that a populace would be this insane. It must be the money-control. + +#EDIT: DEBUNKED u/atobitt just clarified that he had gotten the information wrong, and that he had made a mistake with mixing up Citadel's Master Fund with its Global Fixed Income Fund. Thank you to the fellow apes who have pointed this out to me in the comments! + +https://www.reddit.com/r/Superstonk/comments/nr70hj/oh_im_boosting_this_up_this_was_posted_approx_8pm/h0fdlz7?utm_medium=android_app&utm_source=share&context=3 + +Hello my fellow apes! It's definitely been a while since I last posted; I've been trying to catch up on some schoolwork I have for a summer class and I finally got some time to crank out something. + +(Post that I was referring to further in: + https://www.reddit.com/r/Superstonk/comments/nqyy5a/whuh_really/?utm_medium=android_app&utm_source=share) + +Usually when I type out posts like these, I try to base it off of information from other fellow apes that I feel needs more attention just so there could possibly be more eyes on the subject, as well as an interpretation that can help stimulate some further insight into the possibilities of the data whether it be from me or from some fellow apes in the comments. + +As I was scrolling the sub for info, I had come across a post pointing out from u/atobitt himself confirming that Citadel's Master Fund had essentially liquidated a HUGE chunk of its assets(he had even commented on the post for some more clarification, and I think EVERYONE should check the post out and see what you think on the whole thing). + +The whole idea, as far as I understand it (and u/atobitt please correct me if I'm wrong here), is essentially that Citadel's Master Fund is made up of the ownership of around 80% Cayman Island accounts, that originally had 123 billion$ in assets total in the fund as of December 2020. When he looked up the assets of the Master Fund from April/ May 2021 (and I'll provide the sauce he provided in his comment), he found out it currently has around 2 BILLION in assets left. + +I would like for you to understand the gravity of what was just said here. 121 billion in assets, from Citadel's Master Fund that contains a majority of ownership from CAYMAN ISLAND accounts, went poof. Gone. Caput. Liquidated. + +You might be asking me, "well where the hell is that money now?" and here is where my interpretation of things come into play. Just for further clarification, this is NOT what u/atobitt said, this is just how I'm interpreting the data he has presented to us; but I believe Citadel got margin called, and couldn't put up the collateral to further keep their short position. Let me explain what I mean by that. + +When someone gets margin called, as long as you can post collateral, you can continue to do WHATEVER the fuck you want. Citadel has likely been margin called multiple times at this point. It's when you can't keep up with the collateral that forced liquidations happen. Now I already hear some questions on that: + +1. If they were "forcefully liquidated" why haven't we seen that reflected in the price? +2. How the hell are they still able to short the stock like they have been if they are being forcefully liquidated? + +To answer that first question, I'm going to clarify on what I meant a bit. By getting "forcefully liquidated" I mean they are currently in the process of getting forcefully liquidated. The "covering" part of the liquidation hasn't happened yet and would possibly happen on T+35 of whenever they didn't meet the margin call (IF the DTCC is the one liquidating them, it would be a delay of up to T+ 35 compared to the normal T+5). However, just because it hasn't happened yet doesn't mean it isn't reflected in the price. + +Over these past couple of weeks, less shorting has been happening and its been harder for them to keep up with the price. This much can be evident by the lift off in price we're having in meme stocks overall. We knew that they had less fire power, and we knew that it was getting more expensive for them to maintain their position, we just couldn't point our finger to anything that would solidly prove that without a doubt. I think the data u/atobitt provided can provide proof that Citadel had been liquidated of a lot of their assets, and now the trigger finger is on the DTCC to pull on T+35 (and remember NO dates, this is not financial advice, but if this were to happen it would happen in the within the next month or two.) + +To address the second point, we have to remember that Citadel is not the only one shorting GME and other meme stocks. There are multiple hedgies involved in this, so its possible that the reason we have still been seeing shorting to the extent that we have in spite of Citadel being in the process of forced liquidation is because the other hedgies are helping to keep the price down until they can't possibly kick the can down any longer on T+35. + +CONCLUSION/TLDR: + +The data that u/atobitt has provided us apes with regarding the 121 billion liquidation of Citadel's Master Fund, could possibly mean (in my interpretation of what he has presented) that the DTCC has taken over of a lot of Citadel's assets as a result of a failure to meet a margin call, and that we are in the process of seeing them being forcefully liquidated, which won't happen until T +35 of whenever they didn't meet the margin call. + +Again, I would like to point out that it is completely possible that this IS NOT true as there are other ways to make sense of this, I am not claiming this is fact and I welcome all criticism against the points I've made here so we can all learn more about the subject and grow as a community. :) + +As of right now when I'm typing this on my phone its 5am, so after I'm posting this I'm probably going to head to bed. Thank you all for reading through this (possible) DD and I hope you have a great rest of your day! + +Sources: + +Regarding the T+35 I kept mentioning, I couldn't find a specific source but I found a comment that explains more on it by a nice ape here: + https://www.reddit.com/r/gme_capitalists/comments/nqre8a/Have_margin_calls_started%3F/h0d1661/?utm_medium=android_app&utm_source=share&context=3 + +The sauce u/atobitt linked to in his comment: + +https://m.imgur.com/gallery/hBcGmXv + +Edit: fixed some phrasing for clarification + +#EDIT 2: I have been seeing some comments asking me why this post is kept up despite it being debunked: + +In general, I like to keep all of my posts up for transparency's sake, and on the off chance that someone who reads it can gain something from it, whether it be from my actual post or what was said in the comments. I don't want to just straight up delete the post just because I'm wrong when the comments could always have more useful information as well as discussion happening. In a way, I find the comments sometimes to be my favorite parts of posts for always having useful info as well as seeing what people think on things, and I'm glad that a subreddit like this has a community that can provide this in spades. Anyways, I'm just rambling at this point but in any case thank you for reading! +About a couple weeks i noticed the setting for”Hot’Best’Rising, Etc…” getting moved to the settings themselves. I manually have to go into the settings and change the settings and change the feed type in order to see that sort of feed. This seems weird and harder to interact with. Im drunk asf rn and felt like letting the ape community know of my concern. Not sure if im the only one but it seems like reddit is making it harder of us to see the trending posts. DRS forever ! 🦍 We are close 🌙 🚀 Lmk what you guys think👀. Ps. Sorry for the bad grammar im truly F’d up rn. Have a food 4Th of july weekend !! 🇺🇸 💥 +*"The incoming hyper inflation will create an extremely bullish cryptocurrency market which will attract more and more investors to join."* + +**source**: inferkit website + +**A report from Kotaki Fund (the biggest Japanese HF) indicates that cryptocurrencies will rise to an unprecedented level of maturity during late 2022.** + +A leaked internal memo from Kotaki Fund mentioned that the Presidency of Lanayru has drafted a plan for cryptocurrency adoption and that they are in contact with countries that have already being using cryptocurrencies. + +It is also implied that an International Monetary Fund equivalent with cryptocurrency backings is in the works since early 2020 and that stock and crypto market already have a symbiotic relationship. Their funds have been spent for evaluating the situation in cryptocurrency and creating social-economic alliances. + +This is a very positive sign to investors, the probability of Bitcoin to overtake more traditional currencies is very high in more and more countries. The leaks also imply that last year's exits from traditional stock market investments (several executives have closed their positions) has something to do with ICF (International Cryptocurrency Fund). + +\----- + +The above post is a gibberish work of fiction with no ties to reality at all (at least not intended). + +**If by reading it you felt reassured and confident in the future of CryptoCurrencies and your investment choices, you may have been a victim of confirmation bias.** + +* **inferkit** (the mentioned source) is an AI - text generation site. It was partially used to create this gibberish text. +* **Kotaki** is the name of a train station in Japan +* **Lanayru** is a region in the video game Zelda Breath of the wild +* "**International Cryptocurrency Fund**" is a made up term (as far as I know) + +**This was created as an educational example to showcase the danger of fake news and confirmation bias and not to bash CC.** +I've developed a new open source P2P e-cash system called Bitcoin. It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper: + +Download Bitcoin v0.1 at http://www.bitcoin.org + +The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible. + +A generation ago, multi-user time-sharing computer systems had a similar problem. Before strong encryption, users had to rely on password protection to secure their files, placing trust in the system administrator to keep their information private. Privacy could always be overridden by the admin based on his judgment call weighing the principle of privacy against other concerns, or at the behest of his superiors. Then strong encryption became available to the masses, and trust was no longer required. Data could be secured in a way that was physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter what. + +It's time we had the same thing for money. With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless. + +One of the fundamental building blocks for such a system is digital signatures. A digital coin contains the public key of its owner. To transfer it, the owner signs the coin together with the public key of the next owner. Anyone can check the signatures to verify the chain of ownership. It works well to secure ownership, but leaves one big problem unsolved: double-spending. Any owner could try to re-spend an already spent coin by signing it again to another owner. The usual solution is for a trusted company with a central database to check for double-spending, but that just gets back to the trust model. In its central position, the company can override the users, and the fees needed to support the company make micropayments impractical. + +Bitcoin's solution is to use a peer-to-peer network to check for double-spending. In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle. For details on how it works, see the design paper at http://www.bitcoin.org/bitcoin.pdf + +The result is a distributed system with no single point of failure. Users hold the crypto keys to their own money and transact directly with each other, with the help of the P2P network to check for double-spending. + +Satoshi Nakamoto +http://www.bitcoin.org + +EDIT: [Original Link](http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A52186) +This is a legit loan, I totally owe this money. I defaulted on the loan but planned on paying it in full at the end of this year. Got a call from a debt collector saying they would settle for 5k. I was happy to hear that because I said "well that'll save me 2k which I planned on paying". I'm still going to ask for all evidence validating the debt and other proper documentation as stated several times in this sub. Should I pay the 5k they offered me if they validate the debt? Or since they're offering me a lower amount should I try to get it lower? +I made a post 3 weeks ago and I’m making another one. More of a PSA, specifically for those investing since 2020. I’m really trying to help you newbies out here. + +You’ve heard long time investors talk about valuations returning to normal and this and that, and I’m here to tell you if you are 100% in tech, growth stocks, etc, you’re going to have a bad time. Diversification and fundamentals are key here. Make a plan, learn different sectors, and find ways to hedge a bit. Get out of margin debt simplify. I’ve already seen so many horror stories on here this last week about being 40%+ down, losing savings, etc. This is the real world implications and the market is returning to normal after years of inflated growth. + +-Make a plan. Choose different sectors, tech, finance, consumer staples, metals, healthcare, whatever you want. Study your options, find deals, and stop expecting 20%+ growth. + +I whole heartedly understand on here this will get plenty of hate. I’m really trying to save some of you the heartache. I’m not calling for a crash, but my dog could’ve made money these past 24 months. But you’re about to go from the YMCA to the NBA. Good luck and be smart. I wouldn’t be in leveraged ETFs. +Say I'm losing on short option and I'm down $100. I roll to the next expiration cycle for even or a small net credit, say $5. That's the same as closing the first trade for a loss of $100, and then opening a new one for $105. I still have a loss of $100 and in order to make up for it, I need to keep almost 100% of the credit of the new trade ($105), which doesn't happen often. + +So why even bother rolling? Why not just take the loss and move on to another trade? +I was punching the numbers and 1-2% a month is easily doable selling theta. Cumulatively you could potentially grow 100k to millions in under 20 years selling theta. + + +My question is, at what point does it not become a viable strategy and it makes more sense to just dump it all into an ETF? +Selling a TSLA 750p exp 6/3. + +Really my first time ever selling a put for a learning experience as I only have ever just held long shares and LEAPS. So correct me on any of my misunderstandings. My real intention is to just collect the premium given when I initially sold the put. From what I gather, as long as stock price stays above my strike price, the option can expire and all is good. I know the risk of assignment, but am willing to accept the loss of shares but in the case I didn't want that to happen, my questions below are what I'm trying to gather some info on. Thanks all, happy trading! + +1. If TSLA price goes lower than my strike price of 750, that means my 100 shares I own will get assigned and I'm paid out at $750 a share and keep the premium? +2. If I wanted to avoid losing my 100 shares due to the option going ITM (below my strike price), I'd try my luck at rolling down and out and hoping the new lower strike price never hits? +3. When rolling out, should I do this before my option goes ITM or while it's still OTM (getting close to going ITM)? +4. If it hits expiry (6/3) does that mean I can no longer roll out? +I have been running this strategy for six months on a variety of tickers and have not seen the benefit of selling further OTM strikes (at least not what TastyTrade would have me do). Keep in mind, I don't care as much about profiting off the LEAPS, I am focused on farming premium and staying profitable overall. I sell usually two or three strikes above the share price, and while I do end up buying to close about half the time (because the stock price blows through my strike) as far as I can tell, have yet to lose money on the overall trade (ignoring depreciation of the LEAPS because of underlying tanking). True, I might lose a bit off the LEAPS price at closing but it is always made up for by the initial premium received. Is there something I am missing here? The only thing I can imagine is that the traditional PMCC set-up advice is to protect against early assignment and thus full loss of the extrinsic. Assuming you aren't worried about early assignment, it seems to be to be profitable to sell closer to the money. Perhaps someone can right my thinking on this if I am off base. +Message from reddit : https://imgur.com/a/OX4CZ7l + +Comment for the DMCA Takedown Notice + +https://www.reddit.com/r/wallstreetbets/comments/frz0fp/my_broker_questrade_wants_me_to_sign_an_nda/flz1e38/ + +Not quite sure what that comment was but I think it was the waiver they wanted me to sign. I won't be fighting the copyright claim because I don't think it is important to the story. + +edit: + +This is what the comment looks like now : + +https://imgur.com/a/ZYnPvAI + + +Edit 2: If you want to contact the media I made an easy copy paste way to do it: + +https://www.reddit.com/r/wallstreetbets/comments/ftw2cs/someone_i_think_questrade_had_sent_a_dmca/fm9yav9/ +It looks like India's second REIT is going for IPO on 27th July, to give a brief overview + +Mindspace owns commercial office real estate in Mumbai, Pune, Hyderabad & Chennai . The portfolio has a total area of 29.5 million square feet (msf) with 23.0 msf of completed area, 2.9 msf of under construction area and 3.6 msf of future development area. Most assets are positioned in locations with strong tenant demand because of proximity and connectivity to major business, social and transportation hubs in the respective cities. They've reported around 92.0% committed occupancy as of March 31st, 2020. + +## Pros + +\- Assets are well diversified throughout the 4 major cities and there's no single tenant contributing more than 7.7% of gross contracted rentals. Cagr has been around 6.7%. + + +\- Provides diversification to individual's portfolio into real estate in a relatively safe way.- High dividend yield (7-9)% expectations which beats current FD rates. + + +\- Rents out to companies instead of individuals which makes it little bit better on risk/reward expectations. + + +\- Capital requirements is relatively less when compared to Embassy REIT + +## Cons + +\- As per sebi regulations, cash flows generated by REIT not less than 90% will be distributed to unit holder, this means high dividend yield (7-9) % which will be taxed as per slabs. + + +\- Since REITs distribute majority of the cash they have trouble growing and opt for further capital raise which results in dilution over the course of time. + + +\- Push for WFH during the pandemic might result in contract renegotiation and possibly might reduce occupancy. + + +\- Can only transact in fixed lot size. + +What are you views on this IPO? p.s: Feel free to correct me if I am wrong somewhere. +Please also check the edit at the bottom for an update regarding lack of proof of reserves on the stables on BNB as well: + +**TLDR:** Binance fails to provide adequate proof of reserves for assets in the BNB chain. Binance encourages users to withdraw their crypto into the Binance ecosystem by charging higher fees to withdraw into native ecosystems - and are failing to Provide Proof of Assets altogether or a sufficient amount in their Proof of Assets for the crypto in the Binance ecosystem. This gives Binance a huge opportunity to manipulate the crypto market by creating "fake crypto tokens" in the BNB ecosystem that are not backed by any underlying asset and then selling/using your assets. Furthermore, it pushes volume into BNB chain by encouraging withdraws into the BNB ecosystem that may end up not backed by any assets.... + +**What you need to know** + +* [BNB Beacon Chain (BEP2 tokens) and BNB Smart Chain (BEP20 tokens) are two native chains of the Binance ecosystem](https://www.binance.com/en/support/announcement/854415cf3d214371a7b60cf01ead0918). Binance allows users to withdraw lots of different crypto as tokens into their native chains which then allows users the ability to use "those assets" in the Binance ecosystem. +* As you can imagine, this could create a few concerns... The largest being Binance could sell/send the underlying asset of the BEP2/20 Tokens as the user no longer holds the true crypto but a token on the Binance ecosystem, essentially allowing them to manipulate the total supply of those cryptos by creating "fake BNB tokens" with no actual backing on the native chain. +* To ease concerns about artificial manipulation Binance began providing [Proof of Asset](https://www.bnbchain.org/en/assets-proof) wallets where, for crosschain assets (Ether, XRP, ADA, Doge, etc..) they should theoretically hold an underlying asset equal to the amount of the asset that is in the BEP2/20 ecosystem. This is supposed to ensure the Binance asset you are holding is backed by an equal amount on its native chain and the supply is not being artificially manipulated. + * The problem however is they do not provide a Proof of Asset list for most of their assets in the Binance ecosystem. Additionally of those that have a Proof of Asset wallet, most are not fully backed or actually list no real backing at all. + * The [LTC proof of reserve address](https://blockchair.com/litecoin/address/MQSs17ECe51kqhkFPQY98wiyPvGuK5iCB6) holds 745K LTC. However there are 857k LTC in the BNB ecosystem - 725k in the [BEP20 addresses](https://bscscan.com/token/0x4338665cbb7b2485a8855a139b75d5e34ab0db94) and 132k in the [BEP2 addresses](https://explorer.bnbchain.org/asset/LTC-F07) \- **87% backed** + * THE [ADA proof of reserve](https://explorer.cardano.org/en/address?address=addr1q8hsff3uwtphx7dtya7unjwjwug52e5jvqp09je6pwqx8k4jvuxrw2x5rr7e258a33yzkrhhlrrc5ezvd2z7qtdq0gasme44c9) address holds 200M ADA. However there are 672M ADA in the BNB ecosystem - 241M circulating in [BEP20 addresses](https://bscscan.com/token/0x3ee2200efb3400fabb9aacf31297cbdd1d435d47) and 431M circulating in [BEP2 addresses](https://bscscan.com/token/0x3ee2200efb3400fabb9aacf31297cbdd1d435d47) \- **29.7% backed** + * (very concerning) The following is the [listed](https://www.bnbchain.org/en/assets-proof) proof of asset address [for ETHER](https://etherscan.io/address/0x9BF4001d307dFd62B26A2F1307ee0C0307632d59). It's supposed to hold all of the ETHER on the BNB ecosystem but it currently sits at .017 ETH and the ETHER was moved to [this address](https://etherscan.io/address/0xf977814e90da44bfa03b6295a0616a897441acec), labeled as Binance 8. The BNB ETHER reserves were comingled with non-BNB reserve ether, meaning you can't verify how much the BNB Ether is backed verse regular user funds. - **0% verifiably backed** + * (very concerning and easier to understand) The [XRP](https://xrpscan.com/account/rJpj1Mv21gJzsbsVnkp1U4nqchZbmZ9pM5) proof of reserves wallet for the BNB Chain is just as bad as the ETHER but since it doesn't show any tokens **it's easier to see how bad it is**. It holds a total of 10 XRP. The rest was transferred to [this wallet](https://xrpscan.com/account/rs8ZPbYqgecRcDzQpJYAMhSxSi5htsjnza) \- a general Binance wallet for XRP, which interacts with [this wallet](https://xrpscan.com/account/rDAE53VfMvftPB4ogpWGWvzkQxfht6JPxr) \- the withdrawal address for users of XRP. Again all XRP in the BNB reserves have been comingled with regular user funds not in BNB. with no way to verify they hold sufficient XRP in the BNB chain. - **0% verifiably backed** + +\----------------------------------------------------- + +Binance lists 35 different crypto assets in their [Proof of Assets Page](https://www.bnbchain.org/en/assets-proof), however in the top 200 cryptos by market cap, over 80 of them can be withdrawn as BEP2/20 tokens. Meaning there are at least 45 cryptos assets that do not have any sort of "proof of asset" listed. The total number of unbacked assets is even higher, as there are assets above 200+ by marketcap that can be withdrawn into the Binance ecosystem. + +Even for assets that have a proof of reserve listed that doesn't mean it is adequately backed or backed at all. For example; ETH ERC2/20 tokens have no verifiable backing, XRP ERC2/20 tokens have no verifiable backing, ADA ERC2/20 tokens are 29.7% backed. LTC ERC2/20 tokens are 86.9% backed and those are just a few of the listed assets that I checked. + +\---------------------------- + +**Complications**: This problem has been unchecked and inflated since, I posted about this issue [6 months ago](https://np.reddit.com/r/CryptoCurrency/comments/uz09wu/binance_is_encouraging_withdrawingminting_your/). Since then XRP and ETHER have lost all verifiable backing and ADA backing dropped from 71% to \~30%. + +It continues to be compounded by the fact that Binance encourages users to send their crypto into BEP 2/20 tokens by making it more expensive to send the asset into the native chain. As an example Dogecoin costs 1.94 Doge to withdraw as a BEP 2/20 token and 5 Doge to withdraw into the native Dogecoin network. This is standard practice for [Binance](https://www.binance.com/en/fee/cryptoFee)/[BinanceUS](https://www.binance.us/en/fee/schedule) for nearly all assets available to withdrawal into the Binance ecosystem, and the unbacked assets will likely continue to grow if left unchecked. + +If the last few weeks haven't made it clear yet, the last people left holding unbacked assets end up with nothing. + +# Edit: + +As pointed out by [another user](https://np.reddit.com/r/CryptoCurrency/comments/yxxugl/comment/iwrfyhd/?utm_source=share&utm_medium=web2x&context=3) Binance also no longer has proof of reserves of the **PAXD or the USDC stablecoin** both of which are still circulating in the BNB ecosystem. Both appear to have been comingled with regular user funds in the Binance 8 wallet (link below). + +PAXD [here](https://etherscan.io/token/0x8e870d67f660d95d5be530380d0ec0bd388289e1?a=0x47ac0Fb4F2D84898e4D9E7b4DaB3C24507a6D503) + +UDDC [here](https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48?a=0x47ac0Fb4F2D84898e4D9E7b4DaB3C24507a6D503) + +&#x200B; + +[Screenshot of PAXD sent back to Binance 8 wallet about two years after it was set aside](https://preview.redd.it/j9mq3n00nk0a1.png?width=1409&format=png&auto=webp&s=45cc76f1f837ba163426a408e085a5c556988efe) +Trying to settle my father's estate after almost 4 years (yes, you read that right). I wont go into too many details but it has been a fucking never-ending nightmare. + +I am one of 4 siblings who inherited my father's house. One of my brothers has been living there rent free for 4 years and is prepared to buy out my share (finally). He owes me 22,500 so all together he needs 67,500 to buy the others share also. + +The bank told him he needed a co-signer since he doesn't have enough lines of credit. Hes had a well paying job for many years and no debt. He tried to get our grandmother to co-sign who was prepared to and in good financial standing but the bank turned her down because of her age even though she has the money. + +What are his options now? I want this shit to be over with so badly I could fucking scream. If you have never been involved in a drawn out estate war with backstabbing relatives then thank your lucky stars because it sucks. + +Anyways, any info would be greatly appreciated +Hi UKPF + +I’m in a tricky situation at the moment and being able to access my pension pot would allow me to repay all my debts and start over new. + +I’ve seen advice saying this isn’t a good idea due to 55% tax from HMRC on accessing your pension pot before 55 years of age. + +In my situation right now, being able to access the remaining 45% will put me back on track and I’ll be able to overpay in the future to gain this back. + +I can’t see any “how to” online to request access to my pension pot and pay the 55% tax penalty. + +Please can someone advise me on how I can do that? + +I know this is against advice, however this is the right thing for me right now. +This is the official $GME Megathread for r/Superstonk. 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Which is 1470.75 BTC or 423,576 USD. + +In an ideal world where everyone uses the most efficient ASIC miner, lives in China or India, and holds all their mined coins (and only dump as much as they need to cover the electricity), **a minimum of $423,576 worth of Bitcoins has to be bought everyday on the market to maintain a stable price (no price drops). Which in fact is more likely to be double $423,576** as miners also want to make a profit (by dumping more of their BTC for $). Also, miners are located all around the world (higher electricity rates) and not everyone uses the most efficient Bitcoin miners (Bitcoin miners have to cover for the hardware cost too!). + +---- + +^\* ^S4 ^specs ^are ^2TH/s ^for ^1.38kW/h ^at ^a ^rate ^of ^$0.08/kWh, ^BTC ^price ^at ^[$288](https://blockchain.info/charts/market-price), ^difficulty ^at ^[40,640,955,016.58](https://blockchain.info/stats) ^and ^block ^reward ^of ^25BTC: ^\(1.38\*0.08\*24)/(86400/(40640955016.58\*2\^32/(2\*10\^12))\*25\*288) ^~ ^37% +Hello. Homeless here. I live in my car and I am looking to stocks to solve my problems. Ready to harass me with unkind things? + +Before you do here are some facts: + +I make $11 an hour and work 40 hours a week. + +I make enough to invest over $1000 a month. + +I only spend $400 a month out of my $1500 - $2000 monthly pay. + +I plan on getting an apartment in 2022 at some point as well as a better job. + +I want to invest for the long term. My ideal minimum goal would be 10 percent profit every year and take out 4 percent per year when I retire. + +I have looked at many stocks past 5 year history and many of them are skyrocket. The ones that seem to go up up up and never really go down in the long term would be the ones I think I would invest in. + +I have at least a year of savings at $400 a month meaning my savings is at least $5000. + +Having finally looked into stocks and looking up videos for about 100 hours and still having no real true 100 percent plan I know a few things. First: Stock market seems better than a savings account. Second: If I had invested 5 years ago I would have so much more money. Third: It seems some stocks will almost always profit over the long term. Forth: Inflation means stocks are a decent option instead of a bank. + +I did put a very small amount of money into stocks and so far have a 2.5 percent return. I put the money in 3 stocks and it increased. That was 24 hours ago. + +I have a decent savings account and I was wondering if I should put it all into stocks. The truth is if I put $5000 into stocks and lost it all I would not lose my life and could make it back but it would hurt my heart and make me want to stay in my car a bit longer. + +I currently am trying to better myself and I have come a long way. I won't get into that so try not to judge me to harshly. Right now I am at a point where I can invest a bit more at a low paying job, but I do intend on getting a better job when I can and then get an apartment so I can have a home and invest more money as well. But I also have no friends and no family. I am all on my own with the grace of God and perhaps your input here... + +But currently $1000 is completely able to put into the stock market every month. + +Where do YOU personally put your money and where would YOU personally put your money if you were in my situation? + +With inflation is it okay to start investing or is it too late now? + +Would it be best to stick with the stocks that seem to have a history of doing well or would they be overvalued due to the inflation lately? + +In the long term what stocks do you feel will stand the test of time and keep raising even in times of trouble? + +Please provide your thoughts and hope I am not too much of a loser. Thanks. +So, for anyone who follows Elon Musk on Twitter, you know he has a favorite account. He interacts with it more than any other account, because it constantly strokes his ego. And this account is constantly encouraging Elon Musk to pump Dogecoin. He has obliged on several occasions. + +Some people have even speculated that "@itsALLrisky" is Elon Musk himself, because he interacts with that account. I had a simpler theory: Elon Musk is a horny narcissist who loves the idea that this hot woman has centered her life around him and Dogecoin. Elon, bro, you got played. + +https://preview.redd.it/06ydr0kaaqx61.png?width=594&format=png&auto=webp&s=6218ec5863997c3f0d2ad53ee9ecc55ab4633dd7 + +I tracked down the original profile photo on Instagram. It's a model who never once has posted about dogecoin on her IG page. I added the side photos to the image thread for proof that I found it. That particular photo of hers, the one used by "@itsALLrisky" went viral on Tumblr. I found that people with fake accounts love it because of the partially obscured face. + +Then I checked to see who "@itsallrisky" originally followed on Twitter. A bunch of young tech bros. The first person "@itsALLrisky" followed is "Mike," a drop-ship marketer and digital ads tech bro. + +Interesting. Either this model created a Twitter account to pump dogecoin. Or some tech bros stole her photo and successfully used her image to catfish Elon Musk into pumping Dogecoin. + +Today I went and looked at the pre-2019 Twitter history for "@itsALLrisky" back when this hot model answered by the name of...can you guess it: "Mike," the very first person followed by "@itsALLrisky" who happens to be a digital marketing pro. + +Elon's tweets have added billions to the market cap of Dogecoin, so I think it's relevant news that he's been catfished into pumping dogecoin by some tech bros. Dogecoin is a multi-billion dollar honey trap. Watch out for bears lol 🤣 + +Supporting screen grabs: + +[https://imgur.com/a/yuJYKGy](https://imgur.com/a/yuJYKGy) +UK Lawyer Ape here to break up the monotony of interesting posts with everyone's favourite bed time subject - THE LAW... + +My opinion - Brokers have been skirting around their legal obligations to their consumers for months now and (personally) I think they are seeing what they can get away with to mitigate their risk and the risk of their institutional clients. The T212 saga today was just the latest in a line of failures to act in their consumer clients’ best interests. I've been meaning to do a write up on what Apes might be able to do in response and this is the first part. More will follow if you're interested. + +&#x200B; + +*Disclaimer first: this is not legal or financial advice. The procedural information provided is freely available online and the bit where I set out my thoughts on the T212 clauses are my opinion only. You should not listen to me. Maybe it will inspire you to speak to T212, I don’t know. These things are subjective and I would like to invite all the wrinkled brained lawyer Apes to review and let me know if there are mistakes. As you can see, I work with crayons.* + +&#x200B; + +**TL;DR – I don’t think what T212 have in their terms in relation to share lending is a fair contractual term and I believe it to be in breach of consumer regulations in the UK (and domestic international laws). You have a right to contest this, details are provided below, and you might want to know my thoughts on the specifics around the terms if you want to make a complaint yourself. As I mention, this is not clear cut, and it might be the specific protections raised don’t quite cover the issue but from my experience where something is blatantly detrimenting the consumer; there is a law seeking to protect them.** + +&#x200B; + +**Intro** + +I may be a smooth brained lawyer (who has only made terrible memes up until now on this sub) but I took a look at the T212 terms and have some problems with what they’re doing. + +These notes are primarily focused on the UK as I’m based in London but a lot of this may be adaptable for our international Apes as I expect processes with regulation authorities to be fairly similar. The procedure will most likely involve speaking with your broker in the first instance and then reporting your complaint to a regulatory body if your matter has not been suitably resolved. + +To summarise the legal fundamentals behind this note: + +1. I called up the Financial Conduct Authority to check that individuals agreeing to broker terms were able to rely on consumer regulation protections and more specifically the unfair terms legislation (we are\*); + +2. I checked Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (**FSMA**) and think there is a probability that in acting for two opposing clients simultaneously (Ape Long and Hedgies Short) and acting in a manner which benefits one over the other (lending shares to SHFs which has the effect of devaluing Apes stonks) T212 are in breach of the FSMA in relation to conflicts of interests. + +3. I believe that clause 22 of the T212 Share Dealing Service Terms of Business is likely to be in breach of section 62 of the Consumer Rights Act 2015 (**CRA**) in relation to unfair contract terms. + +\*For the purposes of the CRA you will only come within the protections if you are acting for purposes that are wholly or mainly outside of your profession. + +To note: my interpretation of the regulations, is my interpretation and opinion only. It is not clear cut, but I believe that T212’s actions amount to a breach of the CRA and FSMA. + +&#x200B; + +**Part 1 - So, what can we do about this?** + +**The Process** + +Call me a pessimist but I don’t think T212 will be the only ones to try this. The process outlined below therefore refers to “brokers” rather than T212 specifically for future use. + +I also believe this might be useful for Apes outside the UK as international guidance (especially in the EU) is likely to be relatively similar. + +**Step 1: Contact the broker** + +Contact the broker as soon as possible in writing so that you have a record of what they say and being speedy allows you to show in the future that you took this matter seriously from the outset. + +Financial services firm in the UK have 8 weeks to respond formally (mad right?) however if the broker gives you a deadline for a response it does not seem unreasonable to also set your own deadline before you report the matter to a regulatory body. + +Unless they can resolve your issue in 3 business days, they do need to acknowledge your complaint within a reasonable time after those three days. + +**Step 2: Make the complaint yourself** + +Lawyers can be expensive, but don’t you worry your fluffy little head, you beautiful ape; you can do this all by yourself! + +Make sure you identify the problem and terms you feel are not fair. + +To make it a little easier I have also provided you with some wording that you might find useful in Part 3. But that’s up to you, I’m not your lawyer. + +**Step 3 – Contact the Financial Ombudsman** + +If you are not happy with the response you receive from the firm (again, as a pessimist I have my doubts that you will be happy), or you do not hear from them within the relevant time period (also very probable), the​​​​​ Financial Ombudsman Service may be able to help you. + +The Financial Ombudsman Service is a free, independent service for settling disputes between financial services firms and their customers (if you don’t already know about them). + +\*\*International Apes, I expect you will have similar regulatory bodies which I expect will help you much in the same way.\*\* + +The success of a complaint like this may be limited. However, I personally believe that the more eyes we get on this the better. Drawing attention to unfair practices now is better than waiting until all this is over. + +Proactively confronting unfair dealings is the only way consumers can show that they do have power. + +&#x200B; + +**Step 4 – Court** + +We'll keep this one in the back pocket for another day but you should know that you always have the right to take things like this to court; regardless of a regulatory body's decision. + +&#x200B; + +**Part 2 – What do I think T212 may have done wrong?** + +https://preview.redd.it/q45wyezr09871.png?width=3024&format=png&auto=webp&s=8aae6bb50cfc19a3ac935e96a08daf0bda8c88ef + +You can see from the above picture the inner workings of a legal genius who just about managed to review the terms before the impulse to eat all the crayons took over. + +My verdict? Clause 22 doesn’t seem very cash money of T212. + +What they're basically saying is that they can lend out your shares to institutions unilaterally; an act which would actively devalue your asset that you have purchased in favour of your competition in all this; the SHF. + +I believe that due to this, T212 are likely to have a conflict of interest by being a provider of services to you as a long investor and a SHF by making a decision to lend your shares out (with threat of punitive action should you contest it) for the sole benefit of the SHF. + +No… doesn’t seem very cash money at all. In fact, someone would call that a d\*\*\*\* move. + +I won’t go into too much more detail here as I want to get this out quickly to hopefully get the ball rolling for as many of you as possible. However, Part 3 below explains the specifics of the perceived breaches in consumer regulations and the intro above refers to the sources that I base this off. + +&#x200B; + +**Part 3 – How might you speak to a broker like T212?** + +When I spoke to the Financial Conduct Authority they gave me the following details to raise a complaint with T212 (you know, if that’s what you want to do): + +Email: [Compliance@Trading212.co.uk](mailto:Compliance@Trading212.co.uk) + +Phone Number: 0203 816 0199 + +\*\*I want to make clear that this is just an example of something that can be sent in similar circumstances. I am not encouraging or advocating that you necessarily send this or something similar and if you do send anything similar to T212 then you should only include what you believe is correct to your individual circumstances. I have suggested extra reading into this topic but please do your own research and even get a lawyer if you are looking for legal advice. **None of this is legal advice.\*\*** + +***Subject: Securities Lending Complaint*** + +*Dear Compliance Team* + +*I recently logged into my T212 trading account and was notified that in accordance with clause 2 of your Share Dealing Service Terms of Business (the* ***Terms****), I am required to give consent to lend my shares to a third party or suffer penalties (the* ***Proposal****).* + +*To confirm and for the avoidance of doubt, I do not authorise you to lend my shares to any third party. I purchased the shares with the understanding that they were mine to own and I would receive all proprietary rights as would be expected in any exchange for such a security. That includes the ability to choose whether to lend or not to lend that security to anyone.* + +*I also do not accept the punitive measures that you threaten in this correspondence. These penalties are not in accordance with my legal rights as a consumer.* + +*If you do not revoke your ability to lend out my shares without imposing penalties by the 9 July 2021 I will be notifying the Financial Ombudsman with full details of the complaint.* + +*In the meantime and to consider the current situation in more detail please can you provide the following:* + +*1. Evidence that in accordance with clause 22.1 of the Terms that I gave explicit consent to lending shares in my account;* + +*2. An explanation as to why (presumably) you do not consider the Proposal to be in breach of Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA)? To clarify, T212 is acting as a financial firm to both myself as an investor and a third party who is most likely to use that share to short the stock I have invested in. Both myself and the third party are therefore clients of yours however you are clearly favouring the third party over me as an investor of the stock as the act of shorting that stock will devalue my investment. By imposing penalties on me if I do not agree to this, you are without a doubt favouring the third party as a client whilst harming my investment. Please confirm why T212 consider this not to be a breach of the conflict of interest provisions of the FSMA and FCA mentioned above?* + +*3. An explanation as to why clause 22 of the Terms is not in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms? Clause 22 gives T212 the unilateral ability to lend out shares that I have invested in to the detriment of my shareholding. No investor in their right mind would allow their shares to be lent out to a third party who is likely to use that share to short the stock as it would clearly devalue the initial investment. I see no benefit in the clause for me as an investor; which (I’d like to point out) is hidden away in one of many of your terms and conditions.* + +*I will require a response to these queries as soon as possible considering the very limited timescale you have given me to consider my options. If I do not hear from you before the 9 July 2021 with what I consider to be an adequate response in resolution of this matter or if you have not by that time revoked the Proposal I will be contacting the Financial Ombudsman to make a formal complaint about your business practices.* + +*Yours faithfully,* + +&#x200B; + +**Part 4 – What Comes Next?** + +That really depends on how T212 would like to deal with this. In my opinion, they are likely to get a lawyer to go through why these provisions do not apply (in their opinion). At that point, the regulation authority should decide whether that is true or not. + +On the face of it, this seems blatantly unfair to the consumer and where that happens (in my experience) more often than not it is a breach of a rule or regulation that seeks to protect a consumer. + +If people would find it useful I can do some further research on how someone might make a formal complaint to the Financial Ombudsman. I would recommend that would need more details in relation to specific breaches of the legislation and the terms. + +I have also been thinking about setting out my thoughts on notifying conduct authorities about: + +1. The brokers’ action in trading halts in January; + +2. Unfair terms in T212 and other brokers terms; + +3. US market practices and the role of domestic brokers in managing this risk. + +I would appreciate any feedback and suggestions!. + +&#x200B; + +**TL;DR – it’s at the top you lovely, smooth-brained, simple ape.** + +*Further disclaimer: in case in the interest of making this a little less formal anyone thinks this is unprofessional or could make lawyers look bad; I’m doing this to help people, it’s free, law isn’t entertaining (but I gave it a go), I don’t actually eat crayons and you’re wrong.* +I see it recommended over and over but I can't wrap my head around why we need it or how much we'd need + +My wife and I are both 32 and overall healthy, looking to have kids next year if all goes to play. + +My income is 500k, hers is 350k. Net worth right around 2m (1.2m brokerage, 600k retirement accts, 200k real estate equity) + +I don't get what hypothetical scenario would exist that we'd need term insurance where our existing investments wouldn't suffice. + +Right now we rent an apartment but will buy a house in next 5 years. Let's say our NW is 4m by then (we invest 300k/year) and something tragic happens to me and wife isn't working - this seems like the worst case scenario to me. + +She could sell the house (let's say 1.5m house) if needed - sure may lose a little, but that's fine - and raise the kids on our existing NW quite easily. Even if didn't want to sell the house, could make the mortgage payments and live off 4% (160k) and potentially go back to work. + +Now, let's say she doesn't wanna go back to work and wants to maintain same QoL we had with my income - that'd take like 10m in insurance (using my income over next 10-15 years as benchmark) which starts to become costly. Maybe just have enough to pay off any reasonable amount of debt we'd have (2-3m?)? + +Looking for guidance/thought progress behind figuring out if/how much insurance we should have as most guidance online doesn't assume you'll have 7-8 figures in investments in your 40s. + +Thank you + +EDIT: This has been absolutely incredibly helpful, I love this forum for things like this. Genuinely, thank you! +For instance like today. A Robinhood notification pops up as such + +“Intels earning announcement” ... “beating expectations by 5%” + +Then right under, INTC down 7% after-hours. + +This isn’t the first I’ve seen this happen. It happened to NETFLIX as well. They beat earning expectations by like 8% and right after the earnings report their stock dropped like 5%. + +Do stocks just drop regardless of what the earning reports say. Or is beating expectations by less than 10% considered a bummer or something? + +There’s something I don’t know obviously? +Hello everyone on r/CryptoMoonShots! You have probably seen many posts and comments about Opacity Storage (OPCT) in the last few weeks. I want to take a little time and explain why the community is so enthusiastic about this project, and the potential for investment. Below I break down the fundamentals of the project, why it’s increasing in value now, why it will continue gaining value in the future, and some commonly asked questions. + +As a note, I’m not officially affiliated with this project, I’m just a long-term holder that thinks this is the best investment opportunity in crypto. + +FUNDAMENTALS + +**Completely anonymous storage**. The purpose of the project is to provide a storage solution that is completely anonymous. As in, not even the Opacity team has any of your information. With data breaches being a continued issue and situations like the ledger hack exposing crypto user’s data, having a storage provider without any of that risk has a tremendous market appeal. + +**Working product**. This is not an exaggeration or hyperbole. This is not we might have a working product by Q4 2021. You can go to the [site]( https://www.opacity.io/sign-up) right now and buy a storage plan using OPCT tokens. The number one reason Opacity is considered massively undervalued is it being a sub $8 Million project that is already working. + +**Token price tied to storage value**. The price control for this project is simple, the market will drive the token price to the value of the storage it can buy. At the time of writing this 1TB of storage costs 16 OPCT ($1.12) and 1 TB of storage is worth $79.99. It doesn’t take Elon Musk to realize what *will* happen to the token price over time. + +**Experienced team**. The CEO of the company, Jason Coppola, has been in the tech industry for 25 years. He is running this project the way *successful* startup companies work. He put all the focus on getting the product out first and foremost. The marketing and hype are all planned for after the project has all its fundamentals in place. Hype drives price, but the product makes the business. Opacity Storage is a business. + +REASONS THE PRICE IS INCREASING NOW + +**Price is correcting to previous levels**. OPCT hit its ath for sats at 1300 in the middle of the deep *deep* bear market. The price per coin is correcting back up to this number but that still has a way to go. Just to get back to this sat number the price would increase x7 from right now. + +**Price correcting to storage value**. As talked about earlier, the price you can pay for storage right now is incredibly low with OPCT. The price will continue to raise to meet it’s worth, and even at ½ of market value for storage, OPCT would be worth $2.50 per token. + +ASPECTS NOT FACTORED INTO THE CURRENT PRICE + +**Mobile App**. A mobile application for the product will bring a lot of new attention and usability. Mobile is the way many people engage with new tech, so the adoption from this could be huge. The development team has said they should have the mobile app released around May of this year. + +**Liquidity Program**. This literally just launched which is starting to push the price upward. There is now a liquidity program for Uniswap in place that will PAY YOU to hold OPCT. [Here](https://medium.com/opacity-storage/opacity-liquidity-rewards-program-75a3d24a747c) are all the details, but you could earn up to 10% of your holdings *per month* with this program. (In all fairness the 10% earnings number requires a very large investment) + +**Storage Nodes**. By the end of the year the team will have a storage node program which will be key to the decentralization aspect of the project. People will be able to run their own storage nodes and earn OPCT from providing this service. + +COMMONLY ASKED QUESTIONS + +**How are they making money selling storage under $2?** Simple answer is they are not. They will not start making money until the token price raises. As I said, Jason is running this like a start up company and understands that startups operate at a loss for a period of time. He has been personally funding the project because he believes that much in Opacity. Now that the token price has risen the development funds have increased and the runway is looking great. + +**If all this is true, why is OPCT so cheap?** There are two reasons for this. First, is public visibility. Not that many people know about the project as the team has been focused on the product and not marketing. The growth the project has seen in the last week is solely from increased visibility. The more people that find the project the more the project will increase. +The other aspect that has held this project down is the FUD around Bruno Block and what happened with Oyster Pearl. The short version for those that do not know, a guy who went by the name Bruno started a coin called Oyster Pearl (and Shell) that got popular on reddit in 2017 bull rub. Burno then exit scammed later in 2018 and cost people a lot of money. Opacity is the team that spun out of that mess but people have still put their unhappiness on this new project. For years anytime Opacity is mentioned it gets downvoted/disliked from people who were sore about losing money. Now that Bruno is in jail, and the bad feelings have subsided, people are positively talking about Opacity again. + +CONCLUSIONS + +Opacity is one of the best possible investments in crypto. The reasons it will increase in price are the project returning to previous sats, escalation of token value to match storage value, releasing the mobile app for increased visibility, liquidity program that pays holders, node program that will pay storage providers, and all of this backed by an experienced and dedicated team. + +That is why the community is so high on Opacity Storage. +The idea that hedge funds are lowering the price of certain stocks through coordinated "short ladder attacks" has been all over reddit the past couple of days. I've heard multiple versions of the story about how these work, all of which go something like this: +> To execute a short ladder attack, two bearish hedge funds trade shares of stock back and forth between each other at lower and lower prices in order to create the illusion that the price is dropping and scare owners into panic selling. + +**The TL;DR here is that short ladder attacks don't exist.** Due to the way the market is structured, activity like the kind described above can't affect prices in even the short run. To explain why, I'll first need to explain how the exchanges match up orders to execute trades. + +**The order book** + +For every stock listed on major exchanges, there is a list of requests to buy a stock at a price (called bid orders) and a similar list of requests to sell (called ask orders). A typical bid order says something like "I'm willing to buy 100 shares of company ABC at $10.00 per share", and a typical ask order says something like "I'm willing to sell 15 shares of ABC at $10.05 per share". Exchanges like NYSE and NASDAQ collect these orders into a list and sort them by price, so that the highest bid price and the lowest ask price sit on top of the respective sides of the order book. The difference between the highest bid and the lowest ask prices is called the spread. + +For example, let's say that the two example orders above are the highest bid and lowest ask orders for ABC. If someone submits a market sell order of 20 shares of ABC, they will have the entire order executed at $10.00 per share. The bid price will remain at $10.00 per share, but there are now only 80 shares available at that price. If someone places a market buy order form 20 shares of ABC, they will have 15 shares executed at $10.05 and 5 shares executed at the next lowest ask price. This would widen the spread for ABC. If you place a limit buy order for 20 shares of ABC at $9.95 per share, this would go in the order book under the bid of $10.00, and you won't get your order filled until all shares listed for sale at $10.00 are sold first. + +Some of the highest volume traders are called "market makers". They place both bid and ask orders around recently traded prices and hope to make money buy collecting the spread. They can lose money if the movement in price is bigger than the spread, so spreads are typically wider for more volatile names. High frequency traders make money by looking at the structure of the order book and the order flow and using algorithms to predict which way it will move. + +**The NBBO and the SIP** + +NBBO stands for National Best Bid/Offer, and refers to the highest bid price and lowest ask price across all exchanges. According to SEC rules, any broker must execute their client's buy orders at the lowest ask price and the sell orders at the highest bid price. Quotes of the NBBO and records of trade prices and volume are broadcast on SIP (Security Information Processes) feeds, which all executing brokers are listening too so that they can make informed decisions about the market. + +**Why short attacks can't really work** + +With this much information about the market being broadcast, the type of short attack described above is impossible. If potential short attackers executed a trade at a price lower than the national best bid, everyone listening to the SIP feed would know about it and their illegal activity would be extremely obvious. Certainly, whoever owned the bid at the top of the book would be pretty annoyed, since a worse buy order just got filled. + +And even if they don't wind up getting in trouble for it, the best bid price is still sitting there waiting to be filled by a sell order. Any broker executing a retail sell order would have to execute at the best available bid price according to the NBBO rules. And any market maker or high frequency trader will see what's happening and should know to ignore it. + +The only way these shorters could actually drive the price down would be to burn through the entire buy side of the order book until they reach some target price. This can move the price down, but typically it gets harder and harder the further you get into the order book. High frequency traders and day trading algorithms would also be able to catch on and start placing bids so they can buy at these artificially low prices, and the impact of the short trade will decay over time. As a result, the bears would have increased the amount of short they needed to cover without moving the price all that much, and they'll have lost some money in the process. + +**So what causes market crashes like GME had on 1/29?** + +For a crash like this to happen, sellers need to cross the spread to get their sells filled faster than the buy side of the book can replenish, causing the buy side of the book to thin out and vanish until it regains support at a lower level. This is basically order book speak for "a lot more people wanted to sell than buy". Beyond that it's hard to figure out exactly what happened, but it was probably a combination of some of the following: + +* Market makers had bought enough of GME that they didn't want to risk buying more and/or got a sell signal, so they pulled or lowered their bids +* Bid side support from retail investors thinned or vanished after some brokers locked them out from buying more +* Bid side support from previous shorts like Melvin thinned or vanished as shorts finished up covering their positions +* New investors opened up short positions if they felt GME was overpriced +* Some retail traders who rode the wave up took a profit at the perceived peak +* As the price began to fall, retailers who bought on margin were forced to liquidate at market price (the exact opposite of a short squeeze) +* As the price began to fall, long investors panicked and sold +* As the price began to fall, sellers of options decreased their stake used to hedge as option delta decreased (a downward gamma squeeze) + +Anyone who sold at the top of this crash probably contributed to the decline, but that doesn't make it market manipulation. If a trader of any kind looked at the order book, decided the buy side was thin, and sold, that's just a good trade. + +As far as I can tell, the notion of a short ladder attack is completely made up. Not only is it technically infeasible, but [there was little to no mention of it anywhere on the web just a couple weeks ago](https://www.truthorfiction.com/what-is-a-short-ladder-attack/). I'm guessing it's just an excuse that bulls invented and parroted when prophecies of price spikes didn't come true. +Does that mean that, despite how horrible inflation is in the US, that it's worse in Europe? + +Are Europeans having a tougher time than us right now? Both as consumers and as individual nations? + +Also, I don't think I've had the chance to talk with anyone in particular from across the pond but what is the housing market actually like over there? + +Thanks, I'm new here. + +TL:DR Twitter is popping off about how crazy the Euro is and I'm missing the broader significance :/ +Hi everyone. Throwaway account. I'm 40yo, married with two kids. Stable job and earning £70k/year. Got around £40k on savings but never invested a penny since 2009, as I'm pretty adverse to risk - back in 2008 I spent £2,000 on stocks that turned into £15 in less than 2 years. So I guess that traumatised me "a bit". + +I'm willing to overcome that trauma and take the next step but I always wonder what it should be. I've read many posts from this incredible sub but it seems that my insecurities prevent me from taking that step. + +Any idea(s) on what I should do to maximise my earnings and plan for retirement? + +EDIT: Forgot to mention that my pension scheme is topped-up every month with £600 (£300 me, £300 my employer). +### UNITED STATES + +* **Consumer** **prices** rose 2.5% in October, in line with expectations  + * Low **oil** prices have driven down future **inflation** expectations  +* [**Rent** **prices** have been slowing after a 2017 peak ](https://fred.stlouisfed.org/graph/?g=eka7) + * Despite wage increases, mortgage applications continue to slow  +* Donald Trump announced his support for **criminal** **justice** **reform**, including reducing **minimum** **sentences** for non-violent drug offenses and **increasing** **spending** to **combat** **recidivism** rates + +### OTHER + +* In contrast with recent negative press, the IMF expects **global** **growth** to continue at 3.7% in 2018 and 2019 + * However, **China**, **Japan**, and **Germany** are showing signs a weakness  +* **Eurozone industrial production** was triple expectations (Actual 0.9% | Expected 0.3%) +* A **Russian** plan to raise **consumption tax** dragged down **consumer** **confidence** +* **Natural** **Gas** prices experienced an 18% rise on Wednesday, the largest one day increase in years - driven by cold weather and tight supply  +* **South** **Africa's** president is meeting with **European** **Union** leaders today, in pursuit of $100bn investments over 5 years  +* The repatriation of 700,000 **Rohingya** who fled persecution in **Myanmar** is scheduled to start today  + +### CHINA + +* [Activity is slowing faster than previously thought ](https://twitter.com/SergiLanauIIF/status/1062790092140568576) +hello, i was doing some research on RIOCAN and i saw people cautioning that the dividend is 'not what you think'. + +let's say i buy 1000 shares of RIOCAN today at around 17.80. dividend is 10% and paid monthly, so i should receive $1780/year or $148/month. + +now my question is, if the price rebounds back to $28, will i be receiving 10% dividend on $28, ($2800/year) or will i continue to receive only $1780/year? + +thanks! +Throwaway account here for privacy. + +I've spent about $45000 in retro video games over the past couple of years. Before tax i net about $82000 after tax. Currently i have about $22,000 in credit card debt but this is actually the only debt i hold and it's pretty manageable for me. Any advice on how to cut down my impulse buying on random games or really how to cut back my hobbies consuming my life and financing? + +Note: If i have to sell a lot of my collection i am worried ill get "double taxed" because i don't have receipts for some of my expensive items and some are worth $500+. + +Any advice on my lifestyle choices are appreciated as well +Wasn’t quite sure where to put this post, so I’m just sticking it here. Hope that’s okay. + +My husbands grandparents received a call from someone pretending to be from the police department where we live claiming to have arrested my husband for drug possession. They told his grandpa they were who my husband had listed to call for bail money. To add pressure, they told him that he had tested clean for drugs, but they would not release him until they received the bail money. + +This piece of garbage then instructed his grandpa to rush to Walmart and buy $4000 worth of Visa Gift cards to later read the codes to them. The Walmart cashier didn’t bat an eye. + +If if it wasn’t for his grandma texting my husband with something along the lines of “I’m sorry this happened to you...$4000 is a lot” we wouldn’t have known to call them. This person had convinced them so throughly all this was true that my husband had a hard time getting them to realize they had been scammed. They thought he was calling them from jail. + +There are terrible people out there using the elderly as targets. Please give your family members a heads up. + +UPDATE: They called their bank and got it all taken care of, but now this person has been calling them all morning trying to get his money. +In short: I can't access a withdraw pin because of an expired email. The process of getting that email reset is an absolute nightmare... + +&#x200B; + +# As of 5/1/2021 this issue is still unresolved. + +**Case ID #71146992** + +5/1/2021- I was able to finally speak with a **CS Agent named Lucy who listened to me explain the situation. I told her I needed to confirm a new location and change the email address on file because of a expired pin. She looked at my issue after I provided my email address and told me to check back in 3 - 7 days- I submitted verification documents and CS Lucy confirmed they received them along with the request to change the email address. Will update 5/4 to 5/8** + +&#x200B; + +**Lucy helped with setting a new email address up and I can now log in from my new location AND get withdraw pins! I must wait 38 hours to make a withdraw because of changing a password. I am expecting to be able to send all my bnb/ada to Binance US in the next 36 hours on 5/4** + +&#x200B; + +4/30/2021 I was given the following message from Binance: + +Thank you for contacting us and we apologize for any inconvenience it has caused. + +After checking, we can see that you have identified yourself as one of the unsupported countries in our system, we are sorry to inform you that based on our Terms of Use ([https://www.binance.com/en/terms](https://www.binance.com/en/terms)) and internal policy, our services will not be available to you anymore. That means you won't be able to: -- Reset personal verification -- Delete account - since your account will be off-boarded anyways, and after the offboarding procedure, all data will be cleared -- Withdraw fiat currency -- Subscribe to any financial product or be legible for any airdrop. + +Unfortunately, even if you're living/ working in a different and supported country now, we will still cannot provide any further service for you. Please kindly understand and withdraw your cryptos to other platforms as soon as possible. -- Every coin has a different minimum amount for withdrawal, without meeting this requirements, it will not be possible to withdraw them out. -- Kindly note that we will not be able to grant trading access for anyone from unsupported countries now, so please withdraw the coins one by one. -- Please find all information regarding the withdrawal here: [https://academy.binance.com/en/articles/how-to-withdraw](https://academy.binance.com/en/articles/how-to-withdraw). + +Thank you for your kind understanding. + +**Updates:** + +**4/30/2021 No updates** + +**4/24/2021 Binance does not give a crap about this issue. Still unresolved/ No attention from Binance. The Binance reddit mod ghosted me.** + +**4/21/2021 BinanceUS tweeted at me and told me on twitter they can't help me or contact binance since they're a separate company.....**[**https://twitter.com/BinanceUShelp/status/1384940531512381440**](https://twitter.com/BinanceUShelp/status/1384940531512381440) + +**4/21/2020 Galen from BinaneUS responded to my ticket via email which had this reddit post linked in addition to a description of the issue. His resolution was a help article on how to make a crypto deposit into a binance account. The entire context of my request was ignored.** + +**Here's my twitter post** + +[https://twitter.com/larryth32804599/status/1384566827293020168](https://twitter.com/larryth32804599/status/1384566827293020168) + +[**https://twitter.com/larryth32804599/status/1384318043912867842**](https://twitter.com/larryth32804599/status/1384318043912867842) + +**4/19/2021- A binance mod commented on my post in /binance. I have since provided them with my username and email. I was told they would speak with the risk team to assess.** + +&#x200B; + +Issue: + +Hi- I know it's a really busy time but I've been trying to get this issue resolved for 4+ months with no luck. Here's my last shot. + +In early 2017 I created a binance account and bought some ADA/BNB and never really checked it until Jan 2021. I can still log into the binance account because I have my orig logon info, google 2fa set up, and a sms number registered with the account. + +Apparently after 6months of inactivity the email address I registered with Binance had expired. This was the email I used to get my withdraw pins. Because I can't get withdraw pins, I cannot make withdraws. + +To set up a new email I need to be verified. Binance will not verify me since I am a US citizen. + +All I would like to do is get my coins moved from Binance to BinanceUS so I can withdraw them. I have tried to contact both Binance and BinanceUS but neither are able to assist apparently. I was told my coins were "safe" but I literally can't withdraw them. + +I'm not here to bash binance or to bring them negative attention but I do need help with this and I do not feel like I was getting the required level of support in my emails to resolve this. Is anyone here familiar with the process or able to share their experience? Thank you + +&#x200B; + +edit--Thank you so much to everyone who is commenting/upvoting for visibility!! I really appreciate the attention people are showing this post. I'll go through the comments and try some of the methods after work. This really is a great community. + +&#x200B; +https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101 + +The top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). Additionally, no evidence was found of learning by day trading. +I knew it existed but never looked at it. I had known this guy who used to say he makes crazy profits from quick trading in pocketoptions. He used to tell me that he makes $300 a day from $30. So, I decided to to check what he was doing yesterday. He deposited $100 , placed 4 $20 trades then the rest and lost it all. He then loaded $100 again.went to $150 then back to $8. He gambled that back to $34 and I really felt bad for even asking him to let me see how he trades. The guy was just checking the candlesticks and predicting high or low with 30secs time frame. This really felt like gambling. +What do you thinking of this quick trading? +$STARBOY 🌟 is a brand new BEP-20 token on the Binance Smart Chain network. + +Starboy's story: + +As a child born in the nether, Starboy showed impressive musical talent. Fusing radioactive soundwaves with gravitational fields, his beats could be heard from galaxies far away. As we send him back to his rightful home amongst the cosmos, Starboy will take with him a pop culture NFT marketplace that will serve as a promotional platform for young, aspiring artists who hope to one day have their names spoken in the streets and written in the stars. + +This project will have an actual use case, unlike all the other meme-coins in this space. We are planning on releasing an NFT marketplace for hip hop artists (to begin with), and our tokens can be used to purchase such NFTs. We intend on making an impact in this space! + +Quick TLDR: + +Whitelist competition is currently live. 20BNB for whitelisted addresses , 10BNB for public presale (0.5 max contribution per wallet), all on Unicrypt to avoid botting. Join our telegram to get more information. + +✅ Verified contract on BSCScan + +✅ Total Supply: 1,000,000,000,000,000 $STARBOY + +✨ 5% Reflection to all holders + +✨ 5% to Liquidity + +Links Below + +Website: [https://starboy.finance/](https://starboy.finance/) + +Telegram: [https://t.me/StarboyBsc](https://t.me/StarboyBsc) + +Contract address: 0x1dBD5494762B0e9314Ae75C2635869387a4CaDB4 + +From the Planet Crypton, StarBoy got thrown out of orbit and is lost in the cosmos. He needs our guidance. We need to band together, to save our poor wandering soul – and guide him to a new home, among the stars. + +Help StarBoy take off by hodling $STARBOY tokens! +Hey Reddit - + +Chrome Product Manager here. Just wanted to weigh in on the issue with kryptokit wallet that’s been affecting the community. What happened was this: + + - A malware developer hoping to steal bitcoin keys copied the kryptokit extension codebase in order to build their own malicious extension. + + - The pipelines that we use to detect malware flagged the *real* kryptokit extension as being nearly identical since the vast majority of the effective code and assets were the same, causing the extension to be blacklisted. + + - We noticed the conversation on /r/bitcoin (many of us are enthusiasts, too!) and realized what had taken place. The krypto-kit extension was restored and re-enabled on users machines. + + - *No data was removed from user machines at any point.* + +Obviously this is a learning experience for us and we are continuing to perfect our protections in the webstore. But we wanted to emphasize that we are definitely not seeking to limit Bitcoin extensions in general or the kryptokit extension in particular - but rather trying our best to keep users safe from malicious exploits. + +Thanks for your patience and for raising the problem to our attention. + +Cheers, +Tyler, Bullish + + +Proof: crbug.com/375505 +Guten Morgen to this global band of Apes! 👋🦍 + +What a way to start the week! Watching the entire market bleed red, but the SHFs desperate to drive GME down even faster than the rest of the market was spectacular. They are truly living on the edge of a razor, and with their collateral's value so volatile they are on the very edge of failing a margin call. Seeing the rumor shared by u/dlauer about Melvin's awful month (so far!) and we are truly living in exciting times. Either way, seeing such a dramatic drop followed by such a rally is highly unusual. + +Will we see continued dips today? Will the T+2 date deliver? How many more shares can we DRS to safety before the end of GameStop's quarter? I cannot wait to see! If dip is on the menu today, I will be buying (again). I cannot help but feel like we are on the very edge of the MOASS, and our Diamantenhände *now* show how well our Diamantenhände will HODL *during* the MOASS. Fidelity's order ratios show just how tightly we're HODLing the float, and I cannot wait to see what they do when they have to close their short positions and nobody is selling. + +Reddit itself has had a lot of downtime recently, so I'm just adding a quick note that *nothing changes* if Reddit is down. If you liked the stock when Reddit worked, then why would you panic sell when Reddit goes down? If you're cut off from this community of Apes when the MOASS begins, think inwardly on what your exit plan was all along. We do not know what dirty tricks they'll throw at us this time, but remember that you have a precious resource that they can only obtain from you when you decide to sell it to them. Don't let their FUD change how you value your investments. + +Today is Tuesday, January 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$96.08 / 85,00 €** *(volume: 2906)* +- 🟥 115 minutes in: $96.07 / 84,99 € *(volume: 2694)* +- ⬜ 110 minutes in: $96.10 / 85,01 € *(volume: 2570)* +- ⬜ 105 minutes in: $96.10 / 85,01 € *(volume: 2525)* +- 🟩 100 minutes in: $96.10 / 85,01 € *(volume: 2493)* +- 🟥 95 minutes in: $96.08 / 85,00 € *(volume: 1870)* +- 🟥 90 minutes in: $97.38 / 86,15 € *(volume: 1715)* +- 🟥 85 minutes in: $97.86 / 86,58 € *(volume: 1022)* +- 🟥 80 minutes in: $98.02 / 86,72 € *(volume: 907)* +- 🟩 75 minutes in: $98.12 / 86,80 € *(volume: 820)* +- 🟥 70 minutes in: $97.97 / 86,66 € *(volume: 771)* +- 🟥 65 minutes in: $98.01 / 86,70 € *(volume: 767)* +- 🟩 60 minutes in: $98.22 / 86,89 € *(volume: 729)* +- 🟩 55 minutes in: $98.08 / 86,76 € *(volume: 718)* +- 🟩 50 minutes in: $98.00 / 86,69 € *(volume: 636)* +- 🟥 45 minutes in: $97.89 / 86,60 € *(volume: 618)* +- 🟩 40 minutes in: $97.90 / 86,61 € *(volume: 617)* +- 🟥 35 minutes in: $97.76 / 86,48 € *(volume: 612)* +- 🟩 30 minutes in: $97.79 / 86,50 € *(volume: 585)* +- 🟥 25 minutes in: $97.69 / 86,42 € *(volume: 554)* +- 🟥 20 minutes in: $97.81 / 86,53 € *(volume: 539)* +- 🟥 15 minutes in: $97.83 / 86,55 € *(volume: 487)* +- 🟥 10 minutes in: $98.06 / 86,75 € *(volume: 318)* +- 🟥 5 minutes in: $98.17 / 86,84 € *(volume: 234)* +- 🟥 0 minutes in: $98.25 / 86,92 € *(volume: 220)* +- 🟥 US close price: $100.15 / 88,60 € *($98.00 / 86,69 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1304. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Did anyone save these and their python workbooks? I see Quantopian has already taken them down 15 days ahead of shutdown. + +Www.quantopian.com/lectures + +EDIT: Found it here: https://quantopian-archive.netlify.app/ +I know Crypto gets a bad rap here, that's why I was especially interested to post my research here and see what /r/algotrading thinks. + +For those of you who trade Crypto, Gekko should be familiar name, but for everyone else - [Gekko](https://github.com/askmike/gekko) is one of the most popular open source Crypto trading platforms out there. + +I would describe it as an execution platform for YOUR strategies, not a bot that you brainlessly launch and it does everything for you while you browse lambo.com trying to decide between yellow and orange. + +&#x200B; + +In my Medium articles, I collect strategies, backtest them and post my results and analysis. I have made [multiple parts](https://medium.com/@deandree) with different sets of strategies, but my [latest one](https://medium.com/@deandree/can-neural-networks-beat-the-crypto-market-of-september-part-4-66547b5fe415) is about Neural Nets. I have taken 15 most popular open source strategies found on Github and compared their results in multiple timeframes against top 20 crypto coins.  + +Let me know if this is useful to you! Thanks! +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update!** Out with the ODL in with the new **🧾 Buy & HODL 💎🙌** with a new background color #242424, IYKYK + +**📌** [New Superstonk User Flair Emojis & How to edit your own flair!](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Some folks talk about travelling and other passions but for me honestly the most fun comes from surfing laptop; I feel the whole world is in there. Watching stuff (youtube, netflix, hulu), reading forums (mmm, reddit), going up and down my FIRE & expense spreadsheets, searching up stuff and learning + +&#x200B; + +I surf sitting in sofa, lying in bed. I also enjoy talking to my wife and we both sitting and watching a movie together. mix it up with some walk in the park. This is how i currently see my weekends going on. I believe my FIRE will be same. Honestly I don't see much wrong with it (as long as we keep it healthy; walks and eat right). Does anyone else do this kind of fire or weekend spending? What are your thoughts. Do you think this can become boring in the long FIRE run? +How does one hedge against hyper-inflation and high asset inflation, stocks and real estate, due to QE while believing a debt crisis or a Minsky moment is certain? + +The reason I'm asking is because they all contradict with one another. The argument typically made to hedge against each other are based on three arguments that are commonly said all together, see below. While I see the individual argument for each point, together they contradict one another and perpetuate what one is trying to hedge against. So really give this some thought. + +1) The money printing is out of control, "printer go brrr", and hyper-inflation is near due to QE and CPI is a joke. + +2) Buy stocks or RE to hedge against hyper-inflation even though they are highly inflated based on current valuations and due to QE. + +3) Government, personal, corporate, etc. debts are out of control and eventually it will reach a point where payments can't be made, aka a Minsky Moment. If this is the case why would one buy stocks or RE knowing prices will crash as a result. Especially the argument for RE since it involves large personal debt and one would likely fall into a debt trap during a crash. + +This is a hypothetical question, but it is fair to say this a current situation happening around the world. +I just received notice by my company’s life insurance company that am I am no longer eligible for the group LTD coverage. They had the reason as “employment terminated or membership in an eligible class terminated” the also had the date employment terminated as “12/31/2022” +I am Canadian. Some acronyms are: +NB= New Brunswick (province on East Coast - above Maine ) +AB= Alberta (province in the west - Above Montana) +DTC=Disability tax credit + +So this is my story. I never thought to tell it because I didn't think anyone would be interested. +. +So we were living in Fredericton, NB and struggling big time. We had to move into a long term stay motel at $850/month. The only good thing about it was the location. And it included power, internet, and cable. It was *really* difficult to save for a place and pay for the motel each month. + +We eventually got a three bedroom mobile home. The location was out of the way and it was more like a two bedroom since one room had possible mold and we didn't use it for anything other than storage. Bills were roughly: + +$850 / month rent +$150 / month power +$150 / month power +$300-$500 / month groceries +$50/month diapers +$50/month formula + +And then to top it all I was an opiate addict. Probably $100/day. I don't even know how I afforded that but an addict always finds a way. + +Anyways, we couldn't keep living in a billingual province while only speaking one language. There was no job opportunities for us. We could never advance. + +So how did we save up money to move? We didn't. We filed for my son's child DTC and that was enough money from the backpay to buy a ford escape for 7k cash and move out west. Backpay was roughly $26k. + +When I moved here I got a job immediately. That was important to me so I could claim moving expenses at tax time. I ended up having 13k to claim with 8k rolling over into 2020 tax season. + +So my first job was at Slim Morton's. I didn't like it at all. Zero training and extremely busy. I had anxiety everyday before work. Wanted to quit so many times. Once I learned soup and sandwich I really wanted to quit. They only put one person in SS meanwhile you have drive thru and inside orders. The drive thru takes priority so you have guests standing there watching you actively avoid making their order. Plus they use real dishes and it slows the process down for indoors. + +Anyways. I couldn't stay there. My man got a good job trucking and all was well. Without getting off track I will just say he lost his job due to my ex friends making up lies and getting him fired even though he was our only income source. I will save that story for the comment section if anyone shows interest. + +Anyways, then covid happened. We got lucky that we qualified for the Canada emergency response benefit and we took advantage of that. + +So I recently got hired at a great job. And things are looking up as they have been for the past year. + +We purchased 100 chicks at the start of the pandemic. We sold the males for meat and kept the females for chickens. WE CANNOT KEEP UP WITH DEMAND. we've been expanding every chance we get. We expanded to turkeys this year. + +We sell our eggs for $3/dozen (for comparison they sell for $3-7 here) We sell our chickens for $15 not dressed or $20 dressed. + +Our turkeys we will sell for $20-$30 depending on competition and interest. We have a lot of them spoken for so we are looking into getting more. They are so so much fun. I highly recommend them. They are dumb as nails but the entertainment value alone is worth it. We had three accidentally commit suicide. As I said they aren't smart. + +Our breakdown is as follows: + +$1200 rent for a 3bedroom acreage on 160 acres. +$150 power per month +$150 heat per month +$400 cigarettes I know 😒 +$250 weed I replaced all my addictions and only smoke cannabis +$750 groceries for a family of 4 +$50 fast food +$300-500 to savings +$300 farm supplies including feed and seeds + +I make roughly $19/hr at my full-time job and I make $18/hr at my part time job. I also just took my SellSafe to get a third job at a dispensary. + +My fiance is making a killing with the farm stuff. We want to buy a semi truck down the road and have him haul his own loads. For now though it's keeping him busy. + +We are currently saving for our wedding, a second vehicle, and a down payment on a house. Keeping an eye on used semi trucks for sale. + +We are actively working on fixing our credit. Joined a few groups on fbook like road to 750 and just took their advice. We waited for anything really bad to fall off our credit report - like I have a repo from age 18 on there (^thanks drugs) and that finally fell off. I hope after two years or good employment history I will qualify for a mortgage. + +I may or may not get a huge promotion. We are in the midst of negotiations. If I do - I will be making double what I was bringing home and get good benefits. It feels good to be recognized for my hard work. + +Also - my friend and I are opening our own non profit in Canada and the USA. It's going to focus on helping woman in recovery. We currently run an all woman's addiction support group on Facebook's and we have 23k members. This Reddit account is new and it's us expanding into other social media. We just completed the research and funding stage and are now starting the paperwork process. + +Tldr: I was an addict and struggling. Now I am in recovery and doing better. + +Edit to add: I forgot fuel and insurance. My vehicle insurance is $120/month. We spend about $400-$600 on fuel because we do a lot of driving. We collect points and bonuses by paying for gas with our C.C. and using our points card with it. + +Car maintenance wise we do our scheduled oil changes ourselves, ask my dad to fix any major problems, buy the parts ourselves and just pay for labor in the shop if we absolutely must and then also buy a set of winter studded snow tires and swap those out each spring fall because the winters are tretcherous here. + +Also didn't include our C.C payment which can range from $50-$1100. We only use the card to get bonuses and rebuild credit. We pay the card off completely each month after it reports to the credit card company. + +Edit to add: **I just got promoted** 🙌 + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Lately I've noticed that I can never appreciate how much I've made from crypto. It never feels like it's enough and is starting to leave a bad taste in my mouth. + +Does this happen to anyone else? Is there a way to combat this? The only thing I can think of is to limit myself from checking prices as often as I do, but I'm not sure if that would even help. +**TL;DR:** + +* **Bezos' Amazon has links to Apollo Global ("mall shorter") with their air logistics network (Amazon Air).** +* **For years, Amazon/Bezos have taken advantage of subsidies/tax to the order $4 Billion. One trick involves opportunity zones, which Amazon can buy warehouses and wealthy investors (hedgies?) can invest in to not pay capital gains. An incoming fulfilment center can give 0 net jobs to a community.** +* **The hunt for a second headquarters HQ2, caused 238 cities to give up their data to Amazon, which it can now use to aggressively buy real estate and capitalize on more free money & tax subsidies, using this data against those very same cities.** + +&#x200B; + +https://preview.redd.it/tkng3a2a9xe81.png?width=1200&format=png&auto=webp&s=01754b1354e18360a7825c74db14a5150c14068f + +This is the Big Mall Short. + +In previous posts, I talked about how diving into Tuesday Morning being shorted to shit (92 days to cover) on its old ticker made me find its connections to CMBS loans. In Pt. 4, we figured out who was shorting American malls using a short bet against CMBX.6. This included Carl Icahn, Apollo Global (who tried buying GME in 2019), Mudrick (with ties to sticky floor), and MP Partners. I**n Pt. 5 we made the discovery of balls deep GME exposure in CMBX.6: arguably over 77% of #6 malls had GME stores in them, adding more credence to that GME’s naked shorting could have tied into the “big mall short”.** + +If you recall from Pt. 2, CMBS--or commercial mortgage backed securities--are a grab bag of loans to different offices, retail stores, and commercial real estate that you can buy or sell, or bet whether the price of all those leases will be paid off as those spaces do business. They’re often tied in with signed leases to these spots. **If many of those offices, retail stores, and commercial real estate spots fail, welp then they can’t pay their lease and the entire grab bag (CMBS) might go down. These leases can be made to offices or factories, but they can also be made to retail stores like Tuesday Morning or GameStop.** + +We also learned before that these loans can be bundled into bigger bundles (think the Jenga towers from "The Big Short") and can be bought, sold, cut up, or even be bet for or bet against (short). We've been looking at CMBX, which bundles many CMBS loans together. (For example, CMBX.6 contains GameStop, and was shorted against by some.) I**n this post, we circle back to a company and owner we are all very aware of, and how they might be gaming the whole system of commercial real estate to their benefit, all while fellow Americans looking out for their towns and cities ended up hurting themselves, all none the wiser. We can't tell the story of Amazon and malls, without telling the story of Amazon and commercial real estate first.** + +**Sections** + +1. **Bezos Buddies** +2. **Amazon & Apollo, Sitting in a Tree** +3. **Amazon Air** +4. **The Network** +5. **How They’re Fucking Us: Racks on Racks on Racks, No Tax No Tax No Tax** +6. **HQ2: The Greatest Trick That Jeff Bezos Ever Pulled** +7. **The Akira Blob** + +&#x200B; + +# 1. Bezos Buddies + +In Pt. 4, we saw how Carl Icahn and hedge funds looked to bet against CMBX.6, or "shorting" the malls inside (“the big mall short”). From that cast of characters, I did try to dig to see if there were any commercial real estate (or even retail CMBS links) that connected the “mall shorters” to Amazon outside of what we know many rich & hedge funds do: invest in Amazon's stock to make their balance sheet look good, or just to keep Marge from calling. + +Now sorry to disappoint in many ways. They all pretty much didn’t have any links. The second closest I could find was Mudrick Capital (who tried to "death spiral finance" sticky floor while it had its "mall short" position open) and its acquisition of Topps through its “MUDS” SPAC (special purpose acquisition company). Topps is a #10 retail item on Amazon’s website…and that’s it. That's the only link I found. Sad face. + +&#x200B; + +https://preview.redd.it/fi8940eumxe81.png?width=2036&format=png&auto=webp&s=a56b643dc5abd2f684b6678aa1267c13b481cc3c + +But remember, I said “second closest”. So let’s step back from Mudrick and turn our eyes to someone else: Leon Black’s Apollo Global. If you’re wondering whether Amazon has any links to this SHF betting on “the big mall short”, then you bet your sweet candy buttcheeks they are. + +# 2. Amazon & Apollo, Sitting in a Tree + +&#x200B; + +https://preview.redd.it/c24od4nymxe81.png?width=260&format=png&auto=webp&s=b8b0b96b2550ea62cd2f5b5dcd6972f16dae1c93 + +Apollo Global–who tried buying GME in 2019 with Sycamore, tried to “help” finance sticky floor with Mudrick Capital and D1 Partners, and was shorting malls in CMBX.6–had, at one point, been competing with Amazon in the web server space back in the day. Apollo Global bought Rackspace out from under Amazon’s nose back in 2016 as AWS was trying to expand. + +While Amazon bought out Whole Foods, Apollo tried to turn around FreshDirect & Sprouts. Apollo also pulled Amazon’s Carletta Ooton for their ESG. + +&#x200B; + +But Apollo Global and Amazon don’t always compete, especially recently. After Apollo recently threw nearly 2 billion at another grocer, Albertson’s, in the US, in July 2021 Apollo was eyeing UK foodshop Morrison’s, who partnered with Amazon. + +&#x200B; + +&#x200B; + +In June 2021 (a month after that bid for Morrison’s, Apollo also set up $750 million in credit facilities (money to lend) in part for aggregators of Amazon’s 3rd-party sellers. **And remember Rackspace? Turns out in 2020, rumors began that Amazon might buy a minority stake in the company. Those rumors grew as of a few months ago into rumors that Amazon might engage in a wholesale buyout of Rackspace from Apollo Global. Rackspace, for your reference, is a huge player in Amazon's Web Services, which makes Bezos & co. more money than pretty much anything else Amazon offers, including Prime.** + +&#x200B; + +https://preview.redd.it/7w1vobewnxe81.png?width=547&format=png&auto=webp&s=d36557fe8bebad8da2e55e6ebdc8d8cbebf6921c + +So surprisingly, there’s a shit ton of wine-ing, dining, and 69'ing between these two recently. But this pairing's true heart lies in the backscreen of Amazon's operations. For these two, it was logistics. And that logistics came in the form of an airline. + +# 3. Amazon Air + +&#x200B; + +[\\"Wee here I come Jeffy babe!\\"--Leon Black, Apollo Global](https://preview.redd.it/b4yh1g5hdxe81.png?width=1024&format=png&auto=webp&s=d8508c2a52d2d10c7d5311756387b6e6fbbb022a) + +**Between 2019 to 2020, Amazon settled on a partnership deal with airline Sun Country, which is owned by Apollo Global.** Sun Country, which went public last year so that it could trade on the stock market, had to originally delay its IPO due to Covid. Sun Country was a smaller low-cost & cargo regional airline. Most people have never heard of it, but a lot of you might know of at least one link to it. Remember that Braniff airplane at the end credits of old South Park episodes? Fun fact, it was former Braniff airlines staff actually came together to form Sun Country in the 80s. + +&#x200B; + +[You can kinda see the similarity with Sun Country's old plane above](https://preview.redd.it/je9ntkfqdxe81.png?width=480&format=png&auto=webp&s=ddcab1cac8c6c0efcbdc686625955fe66609d9d2) + +**Sun Country teamed up with Amazon to accelerate its air shipping distribution in Amazon Air, as it continued to deliver keep retail competitors on the ropes.** Sun Country would use its 10 Boeing 737s to support Amazon’s package delivery, while Amazon Air continued to expand. + +It was in the midst of that expansion that the Treasury Dept. also gave $45 million to Amazon & Apollo’s Sun Country during the pandemic in an emergency aid loan. **(And this is all while Apollo Global also benefited from at LEAST 1 other bailout during Covid.)** Sun Country’s loan was part of the emergency airline aid package approved in March 2020. It had applied for the money so it wouldn’t have to ask Apollo Global and Amazon for money (ugh), but being fair, it eventually paid back this loan about a year later. + +&#x200B; + +https://preview.redd.it/nfjhjgkqexe81.png?width=1280&format=png&auto=webp&s=6af5c250a7b27000ef4932ac180c44d38f67f1c9 + +**Well fuck’s sake, so we at least know there is some perhaps benefit to someone like Apollo Global in “the big mall short”. If it’s bet turned out right, it was positioned to help Amazon speed up its retail overthrow through Amazon Air & Sun Country speeding up its deliveries**. This was while looking at more and more Prime orders, adjusting the logistics ever so much as you might need to send a package from a California warehouse to a Texas one to be able to get it to someone's front door. But of course, we’re here to talk commercial real estate, so let’s start with where commercial real estate and Amazon mainly collide: fulfillment centers. + +# 4. The Network + +&#x200B; + +https://preview.redd.it/c4e6xwgbfxe81.png?width=760&format=png&auto=webp&s=c1a7830e4eaa1fb8f02776ec167c2b4b216c5cf8 + +If Amazon Air has become the new airborne mech warrior exoskeleton of Amazon & Prime’s logistic network (courtesy of Apollo and Sun Country), then its fulfillment center network--including its trucking and distribution arms--has been its spine and nerves. + +**Amazon has been BALLS DEEP in expansion across the US countryside, inching across like a retail-killing Akira blob while snapping up commercial real estate at every turn.** For starters: about right now in the US, it’s standing at about 338 fulfillment centers for packing, 666 delivery station networks for distributing, 80 Prime Now hubs, 101 regional sortation centers, alongside its Amazon Air-affiliated 18 airport hubs & 34 inbound cross docks. + +Now most US apes are familiar with fulfillment centers either from seeing them from a distance at home or on a drive, or–unfortunately, more often–when things go wrong. Whether it’s Amazon shuttling down unions outside its gates or keeping its workers from escaping an oncoming tornado at its Edwardsville, IL site (STL6) in a horrendous tragedy and loss of life, knowledge of Amazon’s fulfillment stores have permeated the news cycle in ways that other retailers' distribution networks might not have. + +&#x200B; + +&#x200B; + +&#x200B; + +**The biggest takeaway of the fulfillment center network and its growing grid of commercial real estate is that there’s a method to Bezos’ fulfillment center madness, no matter how nondescript they seem: most are purposely located near places where people have more extra/discretionary income to order from Prime, with many warehouses clustered near highway arteries between big cities.** + +&#x200B; + +**These warehouses are purposely clustered near places with more Prime subscribers, and ALL warehouses are located within a 20 minute drive from a major highway. In some cases, it’s even less than a ONE minute drive from a highway. And with our talk of the Apollo-aided Amazon Air, across the entire country the average Amazon truck can get to an airport that can service its deliveries in less than 35 minutes.** + +Now I tried looking at what I THOUGHT was the full list of fulfillment centers to figure what details I could track from its commercial real estate history. But from my small sample of 110, I found that most fulfillment centers were built in all different spaces, be it completely empty land lots, or spaces up for sale such as medical buildings, ranchland, old storage space, or even nursing homes. + +So whether razing a private school (Opa Locka, FL) or a golf course combo country club (Livermore, NY), they weren’t propping up JUST in a specific type of place (even if I wanted it to be JUST malls to feed my confirmation bias).But in my research it's easy to see that these fulfillment centers, spilling off the spokes of Amazon Air's flight patterns, all connected into a grander view of Amazon's angle of attack into commercial real estate. And the story of how many of these acquisitions for Amazon's fulfillment centers come to be led me to the great Vinnie from “The Big Short”s grand philosophical question... + +Hey Amazon, how are you fucking us? + +# 5. How They’re Fucking Us: Racks on Racks on Racks, No Tax No Tax No Tax + +Look, I–as well as most of you apes–could write a fucking 2000 page book if we wanted on just how bad Bezos and Amazon has been fucking the US and the world if we wanted to. And there are 6969696969 more reasons than this one (j**fc I mean another story literally just dropped while I was writing this about child labor/slavery in China for how Amazon makes its Echo devices)**. But I’m here to focus on commercial real estate, and show you just how Bezos liked to fuck us there with no mayo lube for years. + +&#x200B; + +**Here’s one of the biggest ways that Bezos and commercial real estate intersect: free money & no tax. And guess how and where that eventual missing tax comes from to balance the books from all that commercial real estate SWAG Amazon gets? People like you.** + +**As of 2021, US states and cities have given $4.2 BILLION USD–and counting!--in subsidies (think “free money”) to Amazon.** For Bezos, this rapid fuckery of tax greediness began exactly 10 years ago, ironically the same year that the CMBX.6 “mall bundle” was first made: + +&#x200B; + +>**The company’s aggressive behavior seeking tax breaks and subsidy deals took off in 2012**, when it hired a veteran incentives consultant and created an office within its public policy department to specialize in getting “corporate welfare.” **Before 2012, Amazon had not received more than three awards per year; since 2012, it has averaged 19 per year.** + +&#x200B; + +Saying Amazon “grew” over time puts it lightly, especially without mentioning this little wrinkle. All this no tax to Amazon comes from during its massive metric fuck ton of expansion, specifically in commercial real estate. + +Just how much expansion was it? I**n just TWO YEARS, it went from about 470 warehouses in Dec. 2019 to over 1200 as of last month.** (This effectively doubled how much square footage they cover in the country.) **So it nearly TRIPLED the number of warehouses (fulfillment centers & distribution centers) during the pandemic all while taking advantage of billions of tax subsidies.** + +Literally, Jeff should be THANKING YOU AMERICAN TAXPAYER APES FOR HELPING PROP UP HIS COMPANY DURING A PANDEMIC: **About 1/10th of those 1200 sites helped Amazon by can kicking Amazon’s property tax, sales tax, income tax, fast-tracked its approvals, and even gave ol’ Jeffrey discounts on the land & commercial real estate he bought up.** + +And this was part of the game plan pretty much from Amazon’s day-one transition to 2-day delivery and faster. **In 2012, for example, Amazon would purposely put fulfillment centers in places where it could safely avoid having to give up sales tax in those states. It fiercely resisted this until it could no longer under the huge burst of Prime orders, even running up a tab of $269 million in uncollected taxes in Texas (!)** But once 2017 kicked in, Amazon had to start paying sales tax for orders from states with sales tax. So were they ok with paying? FUCK NO. They quickly sought every opportunity they could. + +&#x200B; + +&#x200B; + +Guess where some salvation came? **In a 2017 federal tax credit bill that unleashed lavish gift baskets to Bezos & friends, all thanks to commercial real estate and CMBS shit.** + +&#x200B; + +https://preview.redd.it/15ipphslmxe81.png?width=2052&format=png&auto=webp&s=bd10947e49aeccf8b14dc68e406e8a8e092ed10a + +A**mazon located at least 171 (!) of its newest or upcoming warehouses in Opportunity Zones (OZ) throughout the US. These opportunity zones in over 30 states, which are usually meant to spur “investment”, are INSTEAD often used to hide capital gains for companies and investors like those of Amazon . When these zones first started, nearly $2.3 trillion by the wealthy was hidden away in them under the guise of “investing in real estate and business projects”.** + +**So rich fucks–like Apollo Global, Mudrick, Stevie Cohen, Yass, or Ken Cordelle Griffin–can theoretically make capital gains (sometimes from crime shit as we’ve seen). Now if the same rich fucksticks reinvest those gains back into these zones, guess what? Your tax rate goes down even more! You can kick the can on when you pay it too! And the winner? Any NEW capital gains from those second round of reinvestments are COMPLETELY TAX-FREE! So that means as long as your cash gains respawn in one of these zones like a Call of Duty Vantage map at least twice, pretty much no IRS visit at all!** And imagine how much cheaper this is to do and take advantage of a law during a pandemic, when fucking the price of EVERY commercial real estate asset–malls, land, offices–has fallen a shit ton? + +&#x200B; + +>“Amazon has elevated industrial in the eyes of investors…Once the ‘ugly duckling’ of the CRE space, industrial is now the top asset class and draws global investors, not just market specific investors. ...Investors want assets with stable tenants that will grow and produce strong returns. Buildings with tenants such as Amazon…it that bill and are in hot demand.” + +How fucked is this? Remember that Illinois tornado? W\*\*ell, the state of Illinois ALONE has given nearly fucking $742 MILLION in tax subsidies to Amazon, a company that literally did nothing as it had locked its citizens inside and left them to die. In fact, that state is sooo bad that Illinois’ tax subsidies to Amazon are nearly 1/5th to 1/6th of ALL US state and local gimmes to Amazon.\*\*And it’s not just Illinois of course. Here’s how bad Fresno, California did: + +&#x200B; + +>“The three \[Amazon\] facilities shown here are located in an "industrial triangle," with easy access to California’s Central Valley region via three major highways. The w**arehouse is less than a mile from a highway entrance and 15 minutes from the nearest airport. Nevertheless, Fresno approved up to $30 million in tax rebates and discounts for Amazon. That's 30 years of sales tax revenue plus a 90% property tax abatement lost to one of California’s neediest cities**…**With its insatiable appetite for public subsidies, Amazon is disinvesting communities for short-term profits**,...But because Opportunity Zone investors are mostly secret and undisclosed, we cannot estimate the direct or indirect subsidies to Amazon created via OZs.”\*\* + +&#x200B; + +&#x200B; + +&#x200B; + +**So to add to the fuckery, not only is Amazon grabbing a shit ton of free money in small town to big US federal subsidy tricks, which most of us DIDN’T EVEN KNOW EXISTED, but we don’t even know WHO IN THE WEALTHY FUCK is helping invest in these to get out of capital gains taxes or even get collateral on their books in the form of commercial real estate?** + +**Amazon now holds more than $58 million worth of land and buildings, more than any other public company except Walmart.** + +# 6. HQ2: The Greatest Trick That Jeff Bezos Ever Pulled + +In Pt. 3, we talked about how important the year 2017 was to the “big mall short”. It was the year everyone piled in, including Alder Hill, Mudrick, Carl Icahn, MP Partners, and Amazon’s airline buddy Apollo Global. But we now know it was just as important a year for the sheer amount of essentially hand-holding in tax shit that state, local, and federal governments all handed to Amazon on a mile-long gold platter made of billions of lesser gold platters. + +But it was also the year of the hunt for HQ2. + +&#x200B; + +https://preview.redd.it/5htdv3elnxe81.png?width=1690&format=png&auto=webp&s=6628a4e8cd25072e1bec67bf5e4b888db590a1b6 + +&#x200B; + +**In 2017, Amazon poured across all the headlines with a simple statement: “We’re building a new, 2nd headquarters! But sowwy, we don’t know where we wanna put it! Help us figure it out!”** + +It dangled the carrot of nearly $5 billion in investment for the winner, up to 50K new jobs in some places. **And 238 cities and regions, under the guise of perhaps–too much faith–fought in a race to the bottom to appease Amazon even further than the 2017 tax credit already was (remember, this tax credit shit was BARELY reported on).** Newark, NJ, home to Amazon subsidiary Audible, offered $7 billion in incentives, while Columbus, Ohio said ol’ Jeffrey could gave 100% absolutely no property tax for the new HQ site if it was built there in O-H-ten. + +&#x200B; + +https://preview.redd.it/sbwppjcylxe81.png?width=1934&format=png&auto=webp&s=987570bbfd0d9b20456a76a49add922f4e44e490 + +And remember it wasn’t just small towns. Cities and towns from all over the country poured in, with some teaming up together to put together bigger bids, like Milam County in Texas. The calls for Amazon to come were the common refrains: “More jobs! Save a dying tax base! Build out our tech hubs!” + +**Some caught onto the obvious bad effects of this countrywide “wild goose chase”, like a race to the bottom for better and better tax incentives for Amazon**. Remember, know you know many of which we saw Amazon was already taking full advantage of in the same year without many US citizens being none the wiser. Parts of the country snapped back at each other, like NH saying that Boston was a bad pick due to its traffic congestion and more: + +“Choose Boston and next year when you leave your tiny $4,000-a-month apartment only to sit in 2 hours of traffic trying to make your way to an overburdened airport, you’ll be wishing you were in New Hampshire. Or ... choose New Hampshire and invest in your high-growth future.” + +But eventually, the game stopped as Amazon eventually whittled down a shortlist of candidates, then offered to split its 50K jobs between 2 sites: Long Island City in Queens, NYC and Arlington, VA, home of its actual new HQ2 site (and conveniently, near Bezos’ new mansion in DC). **For its Arlington location, it bought out a CMBS property as part of Blackstone’s REIT (BREIT). This deal was signed off on by Amazon’s shell company Acorn Development LLC, the secretive company that’s run ahead of them to do many of their real estate deals, including there at HQ2.** (I’ve only been able to find some information about Acorn.) + +But what can we learn from the HQ2 race? Well, the obvious was that competition had these cities and towns knowingly or unknowingly racing to the bottom in order to give Bezos the best deal. + +\*\*\*\*\*\* + +You had some handwashing after the fact of course once all over. “Amazon Unbound”, a book that partly covered the hunt for HQ2, said that Philadelphia could have even been rejected due to an Amazon exec being a NY Giants fan, rival to the local hometown Eagles. The Philadelphia Citizen tried its best to make juice out of lemons: + +&#x200B; + +>Also, by all accounts, the HQ2 bid exercise within city government had some helpful internal benefits for bringing together a good team across departments and breaking down silos, which some city employees say has had some lasting positive effects. And the exercise also resulted in a lot of helpful research and marketing materials for the city that can be reused for non-Amazon economic development work. + +&#x200B; + +Yay? But here, dear apes, is the part that I wanted to focus on. **It’s the part that made me go “oh shit” for a moment while researching all this.** + +**And it comes down to one word: data.** + +**Where the fuck did the HQ2 data go?** + +&#x200B; + +[ this Wish-brand Lex Luthor can go fuck himself](https://preview.redd.it/v64ukm85nxe81.png?width=1872&format=png&auto=webp&s=cb87d890921ce2271a27d66921900654b9c923db) + +And yes, of course, dear apes, I wasn’t obviously the only one to think of this actual underhanded scenario: + +>**Amazon gained a huge perk from its HQ2 contest that's worth far more than any tax break…It has also given Amazon something that's potentially far more valuable than any subsidies it may have gleaned: a trove of data.** +> +>"**Amazon has a godlike view of what's happening in digital commerce, and now cities have helped give it an inside look at what's happening in terms of land use and development across the US,"** said Stacy Mitchell, a director of the Institute for Local Self-Reliance, a think tank based in Washington, DC. "**Amazon will put that data to prodigious use in the coming years to expand its empire."** +> +>**Amazon could use this data to aid in future expansion as it selects sites for new stores, warehouses, data centers, fulfillment centers, and other brick-and-mortar needs.In some cases, the bids could help Amazon get a leg up over its competitors, because the data they contain might not be publicly available.** + +&#x200B; + +>"This is an incredibly valuable trove of data that 238 cities spent time compiling and submitting to Amazon," Mitchell said. "At the end of the day, it may well be that the data is the most valuable thing that Amazon has gotten out of this. + +&#x200B; + +&#x200B; + +With all that was given, it was something that was echoed by many. **It was never about the wild goose chase, but the leverage it could eventually take advantage of in the form of all of this data:** + +&#x200B; + +&#x200B; + +>"**I think they had this in mind from day one,"** Richard Florida, a University of Toronto urban studies professor who tracked the HQ2 process, told CBS News. **"This was about crowdsourcing data ... This was never about an individual HQ2."** +> +>**Florida called the bidding process a "game" that gave Amazon leverage on cities it could use for future business opportunities, even if those cities had little chance of winning the second headquarters**…Indeed, some smaller cities that didn't meet the company's criteria for HQ2, such as a having population of at least 1 million people, submitted bids ...And some cities that made the list of 20 finalists...did not meet requirements like mass transit, **but Amazon still engaged them through the final parts of the process and collected more information.** + +&#x200B; + +**In the landscape of the Amazon behemoth chipping away at retail and more commercial real estate (as it grew into buying up more warehouses too or data centers), some of the 238 cities and towns potentially gave what you would normally pay millions to research firms to find. And…they just gave it up…for free…** + +Remember, there had been some murmurings that Jeff Bezos (C-E-O en-tre-pre-neur, born in 1964) ALREADY KNEW where he wanted to go pick their new HQ2 spot since it was near his new mansion and his newspaper. + +&#x200B; + +&#x200B; + +&#x200B; + +**If, for example, Bezos ever wanted to pair his exhaustive customer data from Prime or Echo Dot services, he could easily pair that with the shit ton of demographic research that these places gave out, perfectly ready for Bezos to cross-reference and use.** + +&#x200B; + +[I'm sure some of you remembered this story from a fellow Lex Luthor billionare and friend of data privacy](https://preview.redd.it/pwt0d64cnxe81.png?width=620&format=png&auto=webp&s=d451280b08d30a1a24c613ebccd50d851e391bcd) + +Here’s just a sample of some of the questions asked (and answered) by NYC: + +>**REQUEST FOR INFORMATION** +> +>**Project Clancy** +> +>TALENT +> +>A. Big Questions and Big Ideas1\*\*. Population Changes and Key Drivers.\*\***a. Population level - Specify the changes in total population in your community and state over the last five years and the major reasons for these changes. Please also identify the majority source of inbound migration.** +> +>d. Specialized tech talent availability and growth - Please provide specialized tech talent availability... **Please also describe the companies in your community currently employing that talent. (i) Please also describe the companies in your community currently employing that talent and where their future growth will be.** +> +>3\*\*. Venture Capital.\*\* +> +>**a. Current efforts - What is your community currently doing to support venture capital investment? Please include the presences of venture capital firms in your community...** +> +>"i**f your software developer location quotient is low enough to suggest that a tech employer might struggle to recruit, but it is rapidly increasing and employers are having great success recruiting to your community right now, tell us that.** *(fucking really Jeffrey? "Tell us that?")* +> +>**Provide data on the median earnings, unemployment, home ownership, educational attainment, and undergrad enrollment gaps for underrepresented minorities in your community.** + +&#x200B; + +Now remember not EVERY question is bathed in potential fuckery; sure, lots of other questions exist about what they hope to do to help support STEM programs at high schools, or racial initiatives. **But in New York City’s case, it gave Bezos 253 pages (!) worth of free fucking data and field research without them lifting a finger. Hell, he had asked some of these cities to tell THEM what the cost of a coffee at Starbucks cost in their area, or how much an avocado or some shit cost at Whole Foods (something fucking Bezos should know if he fucking owns that company), but these cities DID ALL THE RESEARCH FOR HIM.** + +&#x200B; + +Other proposals are more secret. **In the wake of HQ2 being given to DC, the city's report heavily redacted many parts of what it told Amazon.** + +&#x200B; + +[More redaction in other parts](https://preview.redd.it/bnjlr6d0mxe81.png?width=1472&format=png&auto=webp&s=af50844253925fa2b00ac9191997c540401e8f45) + +And remember, in this post, we’re talking commercial real estate and tax shit. Did we see things like that here? YOU FUCKING BET. + +&#x200B; + +>**REAL ESTATE** +> +>3. Location +Easements, Licenses, Rights of Way +> +>**9. Acquisition Cost (if any)** +**Please describe if all or a portion of Site will be made available at no or a reduced cost to the Project.** + +&#x200B; + +>c. Estimated cost of dark fiber lease/ownership +> +>**F. Transportation** +> +>**1. Air** +> +>**a. Nearest Airport: name, distance to Site, number of passenger carrier service providers. Also include any planned, funded and approved capital improvements to the airport.** + +&#x200B; + +[From the Chula Vista, CA proposal](https://preview.redd.it/hbhrte6ulxe81.png?width=2834&format=png&auto=webp&s=416d4a612338ea45338df3e5ad117380e52850cb) + +Planning, zoning, blah blah blah all tied up in a bow for Bezos and Amazon. **For a company trying to expand its logistics monster, strategically picking sites that help give it the biggest tax breaks, sit between wealthier Prime users, and logistically set up warehouses can do everything from be 30 min to an airport or 1 min from a highway, Amazon just maliciously warp-speeded its expansion protocol under the guise of "yay you get jobs!"** + +https://preview.redd.it/932ggdgqlxe81.png?width=1552&format=png&auto=webp&s=60b8b065e0aeb13c787316c38a73e09b5dc9b23f + +&#x200B; + +**So now we can project: in the same year that Amazon was already making off like a bandit from using falling real estate prices–like from malls dumping in CMBS loans during the “big mall short”–to advantageous Opportunity Zone fuckery from the 2017 tax credit bill, Bezos still wanted more and fucking got it.** + +# 7. The Akira Blob + +And expand it does. Many industrial spaces wouldn’t care and still don’t care, knowing there was a chance that Bezos might pay out 50-60% more per square foot, especially for industrial space. T**he Amazon commercial real estate Akira blob looms over the US: of the 10 largest industrial projects this year, EIGHT are Amazon. The total space of just those 8 projects could cover a space the size of Central Park end to end. By the end of 2021, 7% of all commercial real estate sales were from Amazon**: + +And so where does that put us? There is a possibility that certain things might exist that we might not see (and I can’t find in my research yet). This could be shit like: + +* **We might eventually see how HQ2 data might be used if we track cities like Worcester, MA who both offered up a proposal to host HQ2, then was denied only for a few years later to have its Greendale Mall torn down in preparation for a new Amazon site**. This was all while it dangled a heavy carrot for Amazon, including $500 million in local real estate tax saving. + +&#x200B; + +* **As we see how Amazon is weaponizing opportunity zones, like Census Tract 1523.03 in Euclid, Ohio, which we’ll see is one of the first dead malls that Amazon has started to convert to fulfillment centers.** + +&#x200B; + +https://preview.redd.it/p1jnhz7nlxe81.png?width=1404&format=png&auto=webp&s=b46bf64bff73888b618512a62e38ddbdf16c404e + +* We might continue to see how it works through some investment deals, whether with Cerberus Capital Management or Blackstone, who set them up with their HQ2 site. + +This all happens in the background of false promises from the giant. GoodJobsFirst’s stellar tracker shows how bad these "job" promises are: + +&#x200B; + +>“This…tallies state and local economic development subsidy deals given to Amazon.com, Inc. for its warehouses, data centers, and film productions, and to its subsidiaries…**Since we began collecting and exposing subsidies the company has received, we have encountered greater secrecy surrounding the packages awarded to Amazon. This sometimes makes calculating such costs difficult. Secret project names, non-disclosure agreements, and a reluctance by public officials to fully disclose costs -- even after a deal has been awarded -- suggests Amazon and public officials know these deals have become controversial.”** + +So remember this is all happening to these cities, these towns, is unbelievable. + +Under the false promises of expansion, Ohio is one state that unfortunately got to fucking over its own statespeople the most. **For Amazon’s workers, even though its only the 53rd biggest employer in Ohio, nearly 1 in 10 of them are on food stamps. A three data center deal for Amazon in Ohio gave it no taxes for 15 years ($77 million)**. **This is all as one EPI report said that an Amazon fulfillment center does nothing really for local employment, is wholly inefficient for job growth…all it does is replace 1 person working at a local spot for a job at an Amazon warehouse, giving near net-zero gain:** + +https://preview.redd.it/3imdkj03mxe81.png?width=1252&format=png&auto=webp&s=b7fa0eaa6e8524a98e65369969f8c177207a2594 + +**So adding it a bit altogether, we know that hedge funds like Apollo can not only short its competitors (GME), bet against everyday American’s malls, all while along with Amazon its makes money hand over fisting all of us from billions in free tax giveaways, all while using tricks to give itself even more free tax giveaways?** + +&#x200B; + +This is the dark shadow that we’ll all have had to have known hovers in the background to our continued story of CMBS and commercial real estate, to see how Amazon’s gain is helped by retailer’s loss, whether anchor stores, or yes, even GameStop. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Some background; I've been working at a large construction company for the last 10 years, and it was my first job out of university. I hired in at $62k and have been promoted significantly as a sr project manager now making $113k per year with ~8% bonus. I am currently running a large, high visible project for the last 2 years with the building opening in June this year. +Recently got an opportunity to interview and receive an offer for a large tech company (Google,Amazon big) that would give me a 20% jump in pay, significantly more in bonuses,and opportunity for development. The work seems as exciting and enjoyable to what I'm doing today, and has very similar benefits (401k, vacation, etc). + +The upside is getting more experience in a different market, and greater pay with more growth potential. The downside is leaving a project that I've "owned" from the beginning, and a company who has invested in me significantly and I really like working for. Seems like the long term benefits lay with the new company, but hard to leave with the timing of my project and the fear of burning bridges. +Thoughts on what I should do? +She's into astrology and all that mercury in retrograde stuff, and was telling me about how Pluto is going to be in return or in retrograde for the first time since the creation of the United States on February 22th. + +What Pluto in return means/signals is the fall and collapse of established hierarchy and the rise of a new one, so... + +MOASS confirmed February 22th 2022, you read it here first. + +Carry on. +I’ve only been actively investing for the last year. Made a bet on chipotle unfortunately but I’m holding put. My question is, are there any restaurants in the past that have gone through a similar extremely negative period? + + +It doesn’t have to be disease outbreak related, really just any company that went through a time as negative as chipotle right now. I think it would be useful to look into the past and see how these companies did after that rough time. +Asking for people who have accessed their super via the FHSSS. How long did it take for the money to land in your account? I'm worried about signing to a 30 day settlement period on my contract of sale. +http://www.businessinsider.com/how-a-28-year-old-retiree-saved-70-of-her-income-in-new-york-city-2017-3 + +The article does not say anything new to us, but I think it's cool that the media is giving some positive attention to the FI lifestyle instead of criticizing it. + + +Instead of tapering/ rolling off bonds on the Fed balance sheet, do you see any path where the Fed openly sells assets to combat inflation, or would that simply crater us into another Great Depression? Seems that if they sold, rates would rise well, and they could target which assets to unload. The market seems to shows signs of the realization that "they actually mean it this time", and many on these reddit forum users have only invested during a cycle of massive Fed intervention, so what was considered "unchartered" for those of us a little older when the Fed's massive intervention happened after '08, the next generation of traders/investors have known nothing but Fed intervention for the entirety of their investing lives. I see no scenario where you can churn off that much excess unless you either deal with the pain quickly, or lose an enormous amount of time burning it off. +As the title stated, I'm currently a second year medical student. I had to pay my way through college without any family assistance, which meant that I had to take out student loans from the government. I entered college in fall 2004. During my junior year I decided to go into medicine after two 2.0 semesters, because of course. I switched degrees and doubled majored to boost my GPA, which required me to take a 5th year of classes. During one of my senior years I was financially broke (despite working two minimum wage PT jobs) and mistakenly took out a private "Tuition Answer" loan from Sallie Mae for $15,900. My credit score was low 500's and my grandmother had to cosign (she was the only one in my family that was willing and the only one with a good enough credit score). She passed away exactly one month after I received the loan. I graduated in spring 2009 with two degrees. + +Anywho, after college I worked for two years ($10/hr) before going to grad school to get my Master's degree, starting in fall 2011 (literally had 1 cent in my bank account after applying). I took out a Grad Plus loan during my first year. The second year I paid tuition mostly through a small inheritance that my father left me (he passed during my first year of grad school), but that money dried up as soon as I was done with grad school in September 2013. I moved back home and did research for another year (making only $17/hr). I made payments to my loans before and after grad school as best as I could, but didn't make a dent whatsoever. I consolidated my government loans at one point, but I'm not sure when (I believe it was before grad school). +I started med school in July 2014, having to take out federal loans and more Grad Plus loans to survive. I had to briefly step away during my spring 2016 semester to address some family issues, and because of that am retaking my second year (although I'm academically fine). + +Last week I started getting call from Navient. Apparently I have to start making payments on my Tuition Answer loan and I am already two months behind. They had been sending letters to my grandmother's old house, but not mine... which was kinda pointless as my address was updated in the system and my grandmother has been deceased for 8.5 years now. I told them I was in school, but apparently I had maxed out on monthly in-school deferments. I also only have one month left on forbearance (which I mistakenly liberally used right after college). This loan was originally $15,900... but it has had a 10% variable interest and the total balance is now $29,919.66, almost double the original amount. My payments will have to be $291.06 monthly. + +Here are all of my loans: + + + + +Loan | Disbursement Date--Original Principal | Interest Rate/Type | Current Balance | Unpaid Principal/Interest +-----|-------------------------------------|--------------------|---------------|------------------------- +1-01 DL Consolidated-Subsidized | 7/6/10--$10,156.35 | 5.5%/Fixed | $10,902.14 | $10,841.74/$60.40 +1-02 DL Consolidated-Unubsidized | 7/6/10--$17,943.31 | 5.5%/Fixed | $24,770.28 | $21,446.96/$3,323.32 +1-03 Direct Loan - Subsidized | 8/28/11--$8,500.00 | 6.8%/Fixed | $8,549.06 | $8,500.00/$49.06 +1-04 Direct Loan - Unsubsidized | 8/28/11--$12,000.00 | 6.8%/Fixed | $16,494.23 | $13,855.41/ $2,638.82 +1-05 Direct Grad PLUS | 8/28/11--$40,000.00 | 7.9%/Fixed | $57,627.38 | $47,228.41/ $10,398.97 +1-08 Direct Grad PLUS | 08/25/2014--$10,520.00 | 7.21%/Fixed | $12,099.35 | $10,520.00/ $1,579.35 +1-09 Direct Grad PLUS | 11/05/2014-- $1,361.00 | 7.21%/Fixed | $1,563.86 | $1,361.00/ $202.86 +1-12 Direct Grad PLUS | 11/04/2015-- $7,359.00 | 6.84%/Fixed | $7,897.83 | $7,359.00/ $538.83 +1-06 Direct Loan - Unsubsidized | 07/21/2014-- $20,500.00 | 6.21%/Fixed | $23,211.65 | $20,500.00/ $2,711.65 +1-07 Direct Loan - Unsubsidized | 07/21/2014-- $20,000.00 | 6.21%/Fixed | $22,645.48 | $20,000.00/ $2,645.48 +1-10 Direct Loan - Unsubsidized | 08/12/2015-- $20,500.00 | 5.840%/Fixed | $21,830.77 | $20,500.00/ $1,330.77 +1-11 Direct Loan - Unsubsidized | 08/12/2015-- $18,634.00 | 5.840%/Fixed | $19,858.70 | $18,634.00/ $1,224.70 +1-13 Direct Loan - Unsubsidized | 07/26/2016-- $10,000.00 | 5.310%/Fixed | $10,183.18 | $10,000.00/$183.18 +1-14 Direct Loan - Unsubsidized | 07/26/2016-- $10,250.00 | 5.310%/Fixed | $10,437.74 | $10,250.00/$187.74 +1-15 Direct Grad PLUS | 08/10/2016-- $9,478.00 | 6.310%/Fixed | $9,659.75 | $9,659.75/$181.75 +COL11A Endowment Loan (through undergraduate school) | $5,306.50 | 5.00% | $2,870.64 | $3,097.88 (payoff amount) +Tuition Answer (Private Loan -Sallie Mae) | 02/07/2008-- $15,900.00 | 10.0%/Variable (Interest Rate Reduction, Disqualified) | $29,919.66 | $29,258.79/ $631.71/$29.16 (late fee) + +Total Balance: $290,521.70. + +I have 2.5 years left of medical school, so even more loans will have to be taken out. My credit score is in the high 600's/low 700's. I have desperately applied for scholarships but to no avail (I'm hoping for my 4th year I will be granted a scholarship that will erase all of my medical school loans in return for 5 years of practicing rural medicine). +I don't think that I can make these additional payments in addition to my present living expenses (rent, phone, study materials, food, etc.). On top of all of this, I'm quite certain that my mother took out Parent Plus loans during my freshman year of college that she has never made payments on. + +So yeah... I now am being told I have to make payments on one loan while living off of other loans. I'm looking to be around $450,000 (rough estimate) in debt upon graduating medical school in May 2019. I'm desperately fearful of what lies ahead. I'm in my early 30's and doubt that I will be able to have any financial security or be able to start a family within the next 20 years. + +I have no idea what to do, both handling the current situation and the future situation. Please help. + +Aloha kind people of povertyfinance, + +I need some direction to find help..... + +My mum just got laid off from their job (what an awful time right around the holidays). It was a cash job that allowed her to take care of pops because the hours were flexible. So she cannot qualify for unemployment because it was under the table. She is not yet 65. + +My pops is chronically ill with Alzheimer's , diabetes and a bunch of other ailments. He used to be the breadwinner before COVID but then had to retire because his cognitive decline got really bad and he is basically disabled now though we never applied for disability since IDK if it would make a difference or how it really works. He gets SSI a little under $900. Our rent is $350 more than the SSI covers. We live in EAH housing so it is the cheapest already. The car and utilities added up are another $700 that we would be short. + +IDK what we will do now. We have been living paycheck to paycheck to make things work. Other assistance we utilize are SNAP and discounted internet. We live in Oahu Hawaii. Not by choice, they immigrated here from Asia, we lived here for years and cant uproot our life since it's so expensive. I get to school and work and especially more importantly to get my pops to his dozens of doctors appointments so it is not possible to give up the car. + +I plan on helping my mum out with some of the money I get from FWS (capped at 3.5k over 2 semesters). Me (19) and my sibling (18) are working part time minimum wage hospitality jobs while in college full time we only get like $200 per paycheck after taxes and stuff. It's not even enough to buy food or gas sometimes. + +I know the best thing maybe is just for my mum to find a new job. It's just so hard because she is an immigrant and doesn't speak English. I heard of some program on the mainland that lets people become home health aides for their family members and pays them. Does anyone know if it exists on Oahu? I am having trouble finding it so IDK. My mum is hesitant to go back to a job that isn't cash because she is afraid SNAP and health insurance cancelled and does even more harm than good because my pops could literally die if that happens. Why does the poverty system make poor people stay poor? + +Please let me know if you know of any assistance programs that can help or anything else we can apply for to help get thru the tough times. + +&#x200B; + +Mahalo for your time. +Lately, posts in the sub have been for a lack of a better word... very tabloidy magazine-like or coping/healing group-like.. What happened to substantive DD posts and the ilk? + +&#x200B; + +This is just something I noticed over the last few months since the start of the Fall season. The DD posts are gone and what has replaced the informative posts/DD are just posts that sound like we already lost are looking for mutual sympathy. + + IDC if you think hedgies are fucked no matter what, I want to learn and read the DDs. Where did they all go? It seems a lot of nonsense gets posted. Although, I get that this post is a little hypocritical but I can't be the only one that noticed this change right? + +Stuff like the swaps and house of cards were dope to learn about despite not strictly GME related per say. + + +Edit: to clarify + +I’m just Tired of the copium good feeling posts that mean nothing and if I be real sounds hella patronizing like we are on a losing fight. We are not “here” on any graph and there should not be any assurance to anyone pointing on a graph saying we are “there”. Telling me zooming out means nothing when the stock went up a thousand percent while being in a different social momentum.. + + +Howdy apes. After reading so many popcorn DDs that unearthed many BCG’s shady shitty past activities around the world, curiosity got the better of me…. I decided to see if BCG had been active in the Malaysian scene. Also, fuck these guys for messing with my fav stonk >:O 🖕 + +Also.... spoilers. Flair marked as NSFW because I cuss a lot. I fucking hate corruption. + +My research skills aren’t as amazing as many of the DD writers here cause I’m quite retarded, I almost got by in my undergraduate days, and I wear a tin-foil hat. Oh yeah, this ain’t academic homework: I also get my sources from Wikipedia, and my analysis is shallow. + +Anyway.... have you heard of the **1MDB scandal**? + +This is such a fucked up scandal that brought humongous global cock shame to Malaysians. If you haven’t heard of this one, let me shorten this epic story: basically, former corrupt motherfucker PM Najib Razak set up a fund, 1MDB, which was meant to help develop Malaysia and lift the poor of out poverty…. But the fucker, his witch-looking wife (don’t believe me, google her), his family, his cronies, had been stealing BILLIONS of dollars from Malaysians. The DOJ even called the 1MDB scandal ‘Kleptocracy at its worst’ ([https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX](https://www.reuters.com/article/us-malaysia-scandal-doj-idUSKBN1DZ0MX)). Trivia - 1MDB also has links to the Wolf of Wall Street ([https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions](https://www.theguardian.com/world/2019/jul/05/1mdb-wolf-of-wall-street-producer-charged-with-embezzling-millions)). + +So how does BCG come into the picture? + +Check this shit out from Financial Review ([https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14](https://www.afr.com/world/asia/goldman-in-focus-as-scandal-plagues-malaysias-1mdb-and-najib-razak-20150722-gihv14)): + +>“The 1MDB story begins in 2008. In December of that year, Terengganu, a sultanate located across the Malay Peninsula from Kuala Lumpur, got federal government approval to set up its sovereign wealth fund, the TIA. Goldman Sachs and **Boston Consulting Group** advised the TIA in its early days.“ + +Another trivia - Guess who was TIA’s special advisor? Jho Low. The fat fuck fugitive who helped Najib Razak set up 1MDB. ([https://en.wikipedia.org/wiki/1Malaysia\_Development\_Berhad#History](https://en.wikipedia.org/wiki/1Malaysia_Development_Berhad#History)) + +BCG appeared again later - indirectly to 1MDB. In 2016, it was reported that Falcon Private bank helped laundered nearly USD700 million to Najib Razak’s Malaysian AMBank. In 2017, Martin Keller (former Credit Suisse manager) became boss, and guess who he engaged to revitalize the bank? BCG. + +[https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281](https://www.reuters.com/article/us-falcon-swiss-banks-idUSKCN229281) + +This is what Reuters reported: + +>“He was succeeded in 2017 by Martin Keller, also a former Credit Suisse manager. With the help of the strategy consultant **Boston Consulting Group**, Keller tried again to rivitalise the bank’s business, but also fought strong headwinds. +> +>As key employees and customers left the bank, Falcon bled billions of assets under management, which now likely stand in the low- to mid-single digit billions of Swiss francs. The outflows also caused a drop in earnings. +> +>In 2019 it became apparent that implementing the new strategy was no longer realistic, two of the insiders said. “FINMA has given the bank three years to realign the business,” one of the sources said. “Apparently, it wasn’t happy with what was achieved.” FINMA in October gave Falcon until the end of April, a deadline about to expire, one source said. +> +>A separate probe by Singapore authorities over Falcon’s involvement in the 1MDB scandal resulted in the wealth manager’s being stripped of its local banking licence.” + +So far, I just scratched the surface. Anyone else knows of BCG's shady involvements in Malaysia? +Sadly my wife recently passed away from cancer aged 35 and I'd like to post some questions in here for advice. + +For context, we have a 2 year old daughter and a modest semi-detached house with around £185,000 still on the mortgage in Yorkshire (likely valued around 260-280k). + +Sadly, she had opted out of her NHS pension (unbeknownst to me and her brother) and so she isn't eligible for her Death In Service payment according to the HR staff. Unsure re pension at this point. + +When pooling together savings, life insurance and some other small amounts of money I will end up with around £170,000. + +Question 1 - what do I do with the money? +- Pay off the mortgage and pay of the final £15,000 as soon as possible? +- Buy 5 properties on a buy-to-let and hope that this money pays my current mortgage as well as the mortgages of the houses I purchase? +- Invest it? + +Question 2 - does anybody have any experience of NHS pensions and whether we have any form of challenge against NHS for her Death In Service payments? + +Question 3 - does anybody have any other advice re life/finances/things I may have not thought of? + +Her funeral was a couple of weeks ago and so we can now move forward and I'm starting to get things in order. + +Edit 1: thank you all so much for your responses. For added context, we were married and lived together but due to her age and the speed of her decline she died intestate (no will). I'm her NoK but I think it does throw up a couple of extra issues. + +Secondly, the "buying properties" was more just an idea, I wasn't saying I'd planned that out - I think I meant +Option 1) pay off the mortgage +Option 2) look at a higher risk return (property was just an example) +Option 3) investment + +Given responses I agree it makes sense to pay off as much of the mortgage as possible, especially if I can get early repayment fees wiped due to death. + +Thank you all from the bottom of my heart 💖 +Hi, + +I'm not quite sure what I'm looking for from this sub but it's the first one I've found that might be able to help me. + +I'm 26, live in a cheap area of Yorkshire and bought my own house 2 years ago. I scrimped and saved for my deposit. Coming from a family where we were renting, homeless, in council houses all my childhood, I wanted to own my own house as soon as I can. + +Strangely, my mum helped me a lot with big purchases such as fridge freezer, sofa, bed etc which was weird because she's never had money. She then decided to tell me about a year ago that she'd taken out credit cards, catalogue accounts and loans in my name since I was 18. She told me then because I 'had my own house so can deal with other debts'. She refused to pay them anymore. + +Long story short, I reported her to the police but after their investigations, she wasn't charged. It's worth noting that she worked for the police so probably knew what she was doing when committing fraud. I rang all the accounts, all but one said I needed to make the payments. + +I have no choice at the time but to enter an IVA. The debts were for £27,000 in total. I am now a year into my IVA and really really struggling. I can't sell my house as the money from the sale won't cover the debt, so I have to keep it as an asset. I have no car, no possessions to sell as I have already done this. I have had to borrow money from other family members to cover when my wage has been short, when I've had unexpected expenses. I owe my family £1284 and they want it back as soon as possible. + +I have attempted suicide twice over the past year to get out of this situation. I am now in counselling but I can't see a way out of my situation. I just want to pay my family back to get that away from looming over my head. My brother who I owe £400 is threatening me because he needs it back. I don't know what to do or where to turn. + +I've tried applying for grants, or any other funds I can find but as a full time worker with no benefits, I'm not eligible for most of them. I've got a better paid job but then my IVA payments increase. + +I don't have a coat for the winter, I have showers at work, I use their washing machine for my work clothes but everything else I hand wash in cold water because I can't afford a washing machine. I've had to re-home my dog. My work offers free fruit, sometimes that's all I eat in a day. I have stolen sanitary towels and deodorant from a supermarket before. I'm getting desperate. + +Does anyone have any advice on how I can raise £1300 to pay these debts back? This is my last chance to sort something out. + +EDIT: removed due to admin request +For those waiting for $3m+ before retiring: why? +For those looking to retire on $300k: how? + +I'm not here to judge. It's just fascinating that there is such a wide range of what is considered "FI" (not to mention RE-level) on this sub. The range highlights that the $1m goal many of us have is mostly arbitrary. + +I'd love to hear why some people are comfortable with $300k and others wouldn't dream of retiring early until they have at least $3m. +I wasn't sure whether or not to flair this as housing or planning. However, next year I'll be 19 and due to some personal matters I'll be moving out with 3 of my close mates. We're all relatively responsible and by then we'd most likely be cumulatively earning \~150k per annum. We were planning on renting an $800 p/w house. Since I'm naïve, I feel like there'd be no issue in the matter. It'd be easily affordable, and there'd be zero downsides involved. It's just, I feel like it's too good to be true. Having "zero downsides involved", therefore I'd hope someone can pitch in 2 cents and enlighten me on matters to be careful about. So I guess my question is, what are legal/financial things I should take into account? I currently live with my mum and have no knowledge on housing. Would it not be as simple as paying $200 a week, buying groceries and the occasional electricity/water bill? + +### +Long story short, life happened. Between working full-time, completing two masters degrees, and a few health issues, the last 12 months have comfortably been the busiest of my life. So busy, in fact, that I did not realise I apparently had ~$70 or so owing on an ME Bank credit card (which I almost never used), which subsequently went into arrears for 4 months. I was completely oblivious to this until I called them up requesting a credit increase ahead of an overseas study trip, only to be told the account was closed due to non-payment. They insist that they had sent me texts and paper mail, but I do not recall seeing any of them. + +In a panic, I immediately purchased a credit report from Equifax. My credit score had tanked from ~800, down to 301. + +For context, I am 33 yo, earn a six-figure salary, have had a home loan since 2015 with no missed payments, and a Platinum Amex charge card (no spending limit) since 2018 with no missed payments. I’m absolutely stunned that 7 years of strong credit history can be destroyed by just a few months of inattentiveness - for $70, nonetheless. + +Is there anything I can do to repair my credit quickly? +I currently work in my dream job. I was one of those ridiculous people who decided to study what they enjoy at uni rather than making a vocational choice. I finished a Arts/Asian Studies degree majoring in politics, History and Japanese. I met my ex-husband just after I graduated and ended up following him around the world so he could pursue his career. I then had kids and stayed home with them. As a result I had practically no job experience as I never stayed anywhere long enough and visa/language reasons. + +By some fluke I landed my current job which is exactly what I love. I work for a Japanese newspaper assisting the foreign correspondent. I get to travel across the region and interview experts and interesting people finding out the meat of a story. I love researching and I find my work rewarding and feel that it's a good use of my skill set. However the pay is craptacular, including my yearly bonus I get 55k, it goes up with the the cpi each year but that's pretty much it. This year I was given an extra 1.2 k increase because my boss argued with head office I deserved more. There is no possibility of moving up as that would require me moving overseas and I obviously don't want to take the kids away from their dad. + +I really don't want to leave my job but I'm a single mum with two kids and I'm approaching 40. I had only 6k in superannuation when we came back to Australia and after working almost 4 years I've been able to increase it to 57k through salary sacrificing. We live a pretty good lifestyle but I feel like financially I'm treading water. I love Sydney, grew up here and would like to be able to afford to retire here. + +I'm thinking I need to start looking for a new career before I get too old and unemployable. I was thinking a cushy government job with good leave entitlements so I can spend more holidays with the kids. Possibly go back to uni to become a nurse, which would be two years. Does anyone have any career advice for my situation? I have a ridiculous work ethic since I'm half Asian and grew up with a tiger mum but I'd like to not be the last person to pick up the kids from after school care every day. I don't need a huge income, anything over 70k is sweet for me as I can save a few k each year on my current income and have no desire to spend much more. + +So I need some advice on how to line my ducks up to change careers, what age would be the maximum at which it would be difficult make a career change? And what sort of careers might be a good idea? + +Tldr approaching 40, need to get a higher paying job, career advice needed. +I came across an article in the WSJ- buried on page B13 at the bottom. I tried to access it abs provide a link but was unable to. The gist of it is is that the hedge fund firms are: + +1: “avoid[ing] disclosing certain holdings so as not to attract attention from opposite-minded investors.” + +2: they are using a few strategies including “so-called total return swaps, in which investors pay a bank a fee to earn returns on certain securities, eliminating the need for disclosure.” + +3: they are ‘avoiding’ put options + +4: they are timing trades to ‘minimize’ disclosure to the end of quarter + +Melvin and Maplelane have ‘omitted’ information. + +https://www.wsj.com/articles/gamestop-resurgence-reinforces-new-reality-for-hedge-funds-11614335400 + + +* **More content below** + +**Mon, March 22, 2021, 4:00 AM** + +* **More content below** +* [**HITIF+6.27%**](https://finance.yahoo.com/quote/HITIF?p=HITIF) + +CALGARY, AB, March 22, 2021 /CNW/ - High Tide Inc. ("**High Tide**" or the "**Company**") (TSXV: HITI) (OTCQB: HITIF) (Frankfurt: 2LY), a retail-focused cannabis corporation enhanced by the manufacturing and distribution of smoking accessories, is pleased to announce that it has filed a Form 40-F Registration Statement ("**Form 40-F**") with the United States Securities and Exchange Commission (the "**SEC**"), fulfilling a significant milestone in the process for High Tide to list its common shares on The Nasdaq Stock Market LLC ("**Nasdaq**"). A copy of the Form 40-F is available on the Company's website at [www.hightideinc.com](https://c212.net/c/link/?t=0&l=en&o=3103821-1&h=3248590041&u=http%3A%2F%2Fwww.hightideinc.com%2F&a=www.hightideinc.com). + +"We were the first Canadian cannabis retailer to pursue this prestigious listing on Nasdaq and we believe it will allow us to greatly expand our shareholder base, enhance shareholder value and accelerate our already aggressive M&A initiatives in Canada, Europe and the United States," said Raj Grover, President and Chief Executive Officer of High Tide. "We are currently in several discussions with potential acquisition targets in these jurisdictions and look forward to updating the market soon," added Mr. Grover. + +The listing of the Company's common shares on Nasdaq remains subject to the approval of Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the Form 40-F. + +High Tide's common shares will continue to trade on the OTCQB under the ticker symbol HITIF until Nasdaq approval and up listing. High Tide's common shares will continue to trade on the TSX Venture Exchange ("**TSXV**") under the ticker symbol "HITI" post-Nasdaq up listing. There can be no assurance, however, that Nasdaq approval will be received. + +Following receipt of all required approvals, the Company will issue a press release announcing its first trading date on Nasdaq. + +**Release of First Quarter 2021 Financial Results** + +The Company will release its financial and operational results for the quarter ended January 31, 2021 after market close on April 1, 2021. High Tide's first quarter 2021 financial and operational results will be available on SEDAR and on the Company's website at [www.hightideinc.com/invest](https://c212.net/c/link/?t=0&l=en&o=3103821-1&h=2213263646&u=http%3A%2F%2Fwww.hightideinc.com%2Finvest&a=www.hightideinc.com%2Finvest). + +Following the release of its first quarter 2021 financial and operational results, High Tide will host a conference call with Raj Grover, President and Chief Executive Officer, and Rahim Kanji, Chief Financial Officer, at 5:00 PM Eastern Time on April 1, 2021. The conference call will discuss High Tide's first quarter 2021 financial and operational results and updates on the Company's plans for 2021. + +[https://finance.yahoo.com/news/ontario-lottery-gaming-corporation-evening-033100387.html](https://finance.yahoo.com/news/ontario-lottery-gaming-corporation-evening-033100387.html) +***EDIT*** Holy crap it is my cakeday! Thank you all for the happy cakeday wishes and of course for helping me with my problem + + +***EDIT*** +So after reading though alot of the comments you guys\gals left I sent an email to the HR supervisor stating that I would like to to see the documentation I signed to authorize this payroll deduction and that if no documentation could be found that they need to stop the payroll deduction immediately and refund me the amount that is owed. I also asked her to write up a itemized list showing the date and amount of each deduction and a total to show exactly what is owed to me (this was of course written very professionally over 3 or 4 paragraphs). + +I received a call about 15 minutes later from the supervisor stating she had good news and they talked to metlife who admitted " They made a keying error that applied an incorrect policy to him. They have since corrected it". +I told her that was odd since I have no policy with them how can they make a mistake to a non existent policy and on top of that get my payroll information and get funds taken out without my written authorization. She apologized a lot and said something to the lines of "Never in my 7 years of working here has this ever happened and it is truly a one off occurrence" (basically sidestepping the question and giving me a bs answer). + +Instead of arguing with her or getting mad, I just verified that the deductions have stopped and that they are sending me a check via fedex that I should get tomorrow. I do not want to get on the bad side of my HR (even though I know this is most likely 100% their fault) as I work in a at will state and can get fired for just about anything. So staying on HRs good side i think is the right more for me. + +Thank you all for your help on this issue and for sure you guys have help me speed up the process of getting this resolved. + +****End Edit**** + + + + +So the other week I logged into my payroll website to look at my paystub to see how much I would make on payday and I noticed an after tax deduction of $250. I looked back at all my previous paystubs and see metlife has been taking money from my payroll for a few months. I dont have anything with metlife and called my HR department who looked into it and said its for a auto and home insurance policy and they authorized metlife to deduct it from my payroll and if there was an error I would have to call metlfe. + +I called metlife and basically talked to 5 or 6 different people who all said I do not have any sort of an account with them and even if I did I would have had to fill out and sign paperwork that they would pass on to my HR department and my HR department would then give them the payroll information for them to take out the money. + +I called HR back and basically talked to a few people and a supervisor who said I need to talk to Metlife again, but she will open a ticket on her end to see if she can find out any information. + +I would like some help on how to approach this and get it sorted out. Any help would be appreciated + + +I've been in crypto since 2017... and over the years I've made every single wrong. If I could build a time machine and tell my younger self a few things, these would be it: + +&#x200B; + +1. THERE IS NO SUCH THING AS A GET RICH QUICK SCHEME + 1. While money comes quickly in crypto, as compared to traditional markets, it goes away even faster. Your profit, and return on investment, is directly corelated to the amount of work, effort, research, and attention, you put into your investments. If you do it right, you will have a ton of success... if you don't, your failure will be epic in so many ways. + 2. Things might sound outlandish in crypto, but if you follow rule #1, you'll be able to figure out which have potential, and which ones are never going to reach the daylight. If someone is trying to make you "Get in right now or you'll never be rich" that's ok... let them have the glory of monster gains, there are plenty to be had that will fit your needs. I'll tell you below how to figure out which projects are good and which ones are not. +2. PEOPLE THAT TALK ABOUT BEING THE BEST IN CRYPTO ARE NOT + 1. If you run across someone that constantly says that they are the best (paid group leaders come to mind), they are far from it. The one's that are the best let their work talk for them, and they are more than happy to help others be successful for free. + 2. The biggest names in crypto are the ones that show you their work... If you have doubts about someone being who they are, just ask them to show you their P&L. If they are genuine, they will do so without hesitation, if they are not... they will give you an excuse of why they will not. "I only talk to real Alphas" is not the right response to this. +3. YOUR NET WORTH IS NOT THE MEASURE OF WHO YOU ARE + 1. It is easy to look at some people turning $5,000 into $500,000 in 6 months and thinking that you should do the same... you won't. Some of these people are incredibly talented, gifted, and dedicated traders who spend 8-12 hours every day working on their portfolio. They have years of experience that makes them good at what they do... or they are just really lucky. Either way, you're not going to beat them until you become the same. + 2. Being successful in crypto means different things to different people. Set your goals early and gauge your success based on your goals. "I want to be rich" is not a goal, it's a dream. "I want to make $100K this year using crypto" is a goal... "I want to be a millionaire in 2 years with crypto" is a goal. Once you make it, figure out what you need to achieve it. You might have to educate yourself, you might have to practice trading on paper before doing it for real, you might have to lose some money before you make some. Just make sure you know what you're trying to do and what you need to do to get there. + 3. The biggest thing that will stop you from succeeding is your ego. Be humble, be smart, be the one that people want to be around. You'll get much further in life if you swallow your pride and admit your mistakes. +4. DO YOUR RESEARCH NO MATTER WHAT + 1. Whitepaper + 1. Does it make sense? + 2. Does it solve a problem that needs solving? + 3. Does it solve it better than anyone else out there? + 4. Is there direct competition, if so research them + 2. Management team + 1. Are they experienced in the field they are trying to enter? + 2. Do they have someone external helping them enter the field? + 3. Do they have experience leading startups or history of long term business development? + 3. Adoption + 1. Are people talking about it or is it so far off the beaten path that a handful of fanboys know about it... if it is latter, it's probably not a good projects + 2. Market cap and volume... a great sign of adoption is high volume as relative to the market cap... you want to see volume in the 10% of the market cap at least... So if you have a $10M market cap coin, at least $1m should be traded on a daily basis... $50M cap coin means $5M trading volume... etc. and majority of that trading needs to come from a large variety of wallets. You want big holding wallets, and small wallets to be moving the coin around... it shows a healthy ecosystem. To that note, small transactions on regular intervals are bots keeping the network alive... if that is most of the volume... MOVE ON. + 4. Execution + 1. Once you get into the coin, it is important to track the progress of execution. Everything might look good on paper but if they are not able to make their idea into a reality you will see a bunch of fluff news around but no actual implementation + 2. Crypto companies move at the speed of light. They knock out projects in weeks and months, not years. If you run across a team and project that has very few executed projects across a long time span, there is something wrong. Especially if they keep saying "Great things are coming" "Amazing stuff is about to happen" What a traditional company does on 5 years, a crypto company can do in 1... so if they have been around for 4-5 years and they don't have much to their name, it's a shitcoin... you should move on + 3. Is there transparency with the investors? If the team is not willing to share their roadmap with the investors (YOU) and is reluctant to keep up with regular updates, then something is not right. Right teams will not only update people on the things that are going on but they will also engage the base on a daily basis to keep the interest alive. They need to be as excited about the project as you are. + 4. Check their GitHub. A good project will have some data on there and you will be able to parse through it to find out if it is legit or not. If it doesn't look right, you might want to move on (Credit u/klock23s) +5. RISK MANAGEMENT MATTERS + 1. Catching falling knives is dangerous. Don't try to be perfect on your entry and exit. No one can predict that. If you have done your homework, you'll know the entry range, the exit range and the right time to act. When you do, act with intent, not doubt. + 2. Diversification is going to be a key to your success. Invest in a wide variety of projects, different industries, different fields. No one industry or project will reign supreme so make sure that you cast a wide net. + 3. Don't put in more than 3-5% of your net holdings into any single project. That doesn't mean that you should ONLY invest 3-5%, no... it just means that any single project should have no more than 3-5% of your overall holdings. + 4. Use stop loss if you are swing trading, if you're not then have a number in mind where you're going to cut your losses. 98% of traders lose money, it's a simple fact... most of them lose money because they have crappy risk management. Even if you're in love with a project, you should know when to get out. Things change so re-evaluate often. More importantly, if you risked only 3-5% of your portfolio, even without stop loss, you're going to do OK. + 5. No one is perfect, if you are a trader that has a 70% strike rate (meaning that 70% of your trades are profitable) you will come across a losing streak where 5-6 of trades you have will be bad. Without risk management, those trades could wipe you clean and leave you broke. to recover a 50% loss, you have to make it up with 100% gain to break even... doubling your portfolio is not that easy. Most successful traders have a strike rate of 40%, so using proper risk management is key to their success. + 6. Keep a journal of all the trades, entries, reasonings, rationale. Part of risk management is knowing when you F-ed up... you won't know that until later and you need to know why. Learning from your mistakes is hard when you don't know what you did that was so wrong. (Credit: u/LittleAce7) + +Remember, these are rules and not law. There are exceptions to every rule, but if you have too many exceptions, then you don't have any rules in place. So use caution if you decide to not follow one or more of these. + +Most importantly though, remember that crypto and trading is not life. You only live once, and while you will fail often, make sure that you take the time and dedicate it to the things that are more important in your life. Spend time with your family, spend time with your loved ones and share with them the precious little that you have. + +No mater what, even if you lose it all, don't give up. Lessons can be costly, but you will be stronger in the end. If you learn from your mistakes, I can guarantee you that you will come out OK in the end. Trust me, I've done it... and I'm doing just fine! + +See you in the future. + +US + +&#x200B; + +P.S. Surround yourself with people that are willing to help you succeed. People that will cheer you on with every step forward you make. People that will be happy if you're doing better than them, but if you're not they will give you advice on what you can do better/different. There are many people out there like that, find one first... then find more. Once you do, your success will be almost guaranteed. +He has spent a lot of money in workshops/mentorships and has joined a trader's group in his local area, and over the past few months he claims he has been consistently making money. + +Is he just being lucky? How feasible is this day trading thing? Is it possible to consistently make money from day trading in the long run? + +I did some research and people claim that "you're competing with algorithms and supercomputers worth millions of dollars and it's a sure way to lose all your money", yet other people claim they make a living day trading/know someone who turns consistent profits every year. So who is telling the truth here? + +I'm asking this because I'm worried for my father but I admit being mildly curious about it too. But before jumping into the wagon I want to know wether it's a good idea or a fool's errand. + +I'd appreciate some perspective from people who know a lot about the topic, that's why I came here. Thanks +I really don’t understand why companies buy back stock unless it’s to juice their quarterly numbers. + +Looking at so many mega caps and airlines that spent billions in buybacks in 2021. It actually hurts to think about how much they spent and how that money is up in smoke. Why not wait until a “dip” to buy instead of buying at all time highs? + +It all just seems like the problem of “the next quarter”. Forget long term health next quarter takes precedence +http://www.businessinsider.com/r-martin-shkreli-attributes-arrest-to-drug-price-hikes-wsj-2015-12 + +UPD: [Martin Shkreli terminated as KaloBios CEO](http://seekingalpha.com/news/2997046-shkreli-out-at-kalobios) +So I usually get right around 40 hours a week at my job, and every once in a while go over a few hours if needed. This past week my boss and his wife went out of town so I had little choice but to get overtime. He's trying to pay me cash for all hours that are overtime, which he tries to do with most everyone. I can't help but feel like I'm getting screwed out of some money. He says it will be roughly the same pay after taxes, but I am unsure. I am aware that this is tax evasion of some kind and morally wrong, and that there are serious consequences. He makes me feel like I'm being an asshole for saying no and that it's really no big deal... what should I do?? + +Edit: This post got a lot more attention than I anticipated. Thank you to everyone for the advice and additional commentary on the matter. I see that quite a few comments have been removed or deleted and it's going to take some time for me to sift through them all (I've been at work all day). Just so everyone knows, I did NOT take any money from him. I submitted my time card with the overtime on it and will be paid the right way. I've learned a lot from this thread and I hope that maybe a few other people will find it helpful as well. + +Edit 2: I shouldn't have used the word "morally" in the same sentence as "tax" lol. +I just went to the store for a few things I needed and ended up spending like $40 AFTER all the coupons and discounts. I buy generic brand whenever possible, I always go with the cheapest options I can find, I clip coupons and keep track of sales, it's just not enough. I got a huge raise earlier this year that finally pulled me out of the Money Hole of barely struggling to scrape by and if inflation doesn't go down soon I'm going to be right back where I started. I can't afford to move somewhere cheaper, at this rate I won't be able to afford where I live now eventually (AGAIN), and I can't afford to go back to school or look for a higher paying job. + +I know so many of you are in the same boat as I am and I'm sick and tired of it. + +[Edit: we pulled out and did not purchase the home. I feel right about the decision] + +Hi all! We are in contract [but about to pull out] on an investment property that seems great for a airbnb. We [fiancee and i] have rental property experience. We have one air bnb pool house in our backyard, a rental property [single family home] and we live in a prosperous area of Texas [Austin]. The house we are in contract with has been used for Airbnb for years and has a track record of good profit margin. Its is also less than a mile from our residence, making it easy to manage. + +We are pretty set on not going through it is because of the fears of the economic set back due to Corona virus. We just had to postpone our honeymoon and wedding which was set for late April, and our office jobs are showing trends of extreme caution and potential work from home scenario. Our main annual event, SXSW, that brings millions to local economy was cancelled this week. + +Fiancee still says it's good to take risk while people are overly cautious and super scared. + +If family from abroad and from other US states are not coming to Austin, TX, who will anytime soon? We are super devastated and scared. Any thoughts? Ideas? Similar situations? +Hey :) + +I need some general advice and perhaps some positive feedback. + +I just got clean from heroin as of 8 months ago after a 5 year addiction to opiates. + +So, I've been living BARELY scraping by for the last 5 years. Before that, I was making $100k/yr doing freelance work. + +I never had to make a budget, as I always just spent money how I wanted and then worked when my bank got low. + +Now, after being pretty much being broke for years, I just got a really FUN job making around $70k a year. + +I have NO financial commitments, but I am $2500 in debt according to my last credit check... no vehicle, poor credit. I'm crashing with some friends right now so my expenses are pretty low. + +Anyway, I used to be addicted to the 6 figure lifestyle being able to do pretty much whatever I wanted. Then, I was humbled from my experience with addiction. + +I want to make sure that I can "handle" and manage this money properly, and not end up wasting it by doing stupid stuff. To do that, I want to make a very specific budget. What's my move? Keep in mind that I am going to want to use $1k a month for rebuilding my business while I have a steady paycheck from this job. + +I need to get a car, repair my credit, put ~$1k/mo towards my biz, have enough money to pay rent and live comfortably... and have some money to put towards hobbies like my audio production setup (this is the type of stuff that keeps me off drugs.). + +Any initial thoughts? I would really appreciate the help! I want to make sure that "THIS TIME" I can get my life back together for GOOD. :) +Title. + +News came in on the 5th of February - sharing from BlackBerry subreddit. Pretty decent sign, not a surprise they were downing the stock just week ago to get it to a lower price. Now more and more come aware of long term potential price for the stock. In the article they mention cloud partnership with Amazon, QNX, Baidu. + +EDIT: Short term thesis - buy; Long term - outperform. For some reason it does not allow me to insert a screenshot. + +EDIT2: [https://i.imgur.com/uRw30As.jpg](https://i.imgur.com/uRw30As.jpg) I hope this link works - screen from ZACKS + +EDIT3: some people are saying ZACKS is not decent source, but the sole fact that it's getting publicity as a normal stock, not a meme, subreddit driven stock is a positive note. I own \~3500 positions at 11.94$ and plan on staying long - just my personal view. +I love keeping a journal and track my transactions (honestly, I do it on a paper and in a spreadsheet...) + +What do you log in your trade journal? Just the underlying, expiration, premium? Or are you logging the greeks at the time of purchase? Or are you going even further and logging current market conditions, your DD/TA, what you ate for breakfast that day? +Has extremely high IV and historical IV at the moment. Seems like a solid company long term with growth potential that I personally would be fine owning at $7 a share. My plan is to sell a cash secured put on SOFI expiring March 18th for a 0.21 premium. This is only a 3% premium return compared to the money I’m putting down. Is it still worth it? +Guten Morgen to this global band of Apes! 👋🦍 + +We start another week in the GME saga, knowing that events are quickening and we're heading toward the the moment when the house of cards that the Institutional Shorts have built starts to crash down. They have long been heavily dependent on lenders enabling their incredibly risky plays by giving crazy amounts of leverage, but with the entire stock market dumping, interest rates on the move, and regulators increasing oversight, there is very little wiggle room left for them to keep it going for another day. They have long hoped that the time they bought would last either until Apes lost interest, GameStop took a nosedive, or they were able to install politicians and regulators who would rewrite the currently problematic rules into their favor. I am sure they are very much dismayed to see how quickly events are currently progressing. + +Apes will not lose interest - we can clearly see that we are nearly at the confluence of events that we've anticipated for a year and a half now. While many of us never expected it to take this long, there is little doubt in my mind that we are closer than ever to the moment we've been anticipating. I certainly don't *need* any more shares, but I'd regret not buying this last discount before the MOASS. + +GameStop has never been in a stronger position. They are on the edge of launching the end-to-end NFT marketplace, and everything I've seen so far looks like it is incredibly well-done. They've partnered with some great organizations to do this the right way, and we will see the results soon. Meanwhile, there is little doubt in my mind that the upcoming shareholder meeting will feature a resounding 'FOR' vote to approve the increased number of shares, and the letter from the board indicating that they intend to do a stock split if it is approved shows me that they mean business. + +I cannot wait to see what this week brings. + +Today is Monday, May 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$114.28 / 108,12 €** *(volume: 718)* +- 🟥 115 minutes in: $114.38 / 108,22 € *(volume: 683)* +- 🟩 110 minutes in: $114.46 / 108,29 € *(volume: 583)* +- 🟥 105 minutes in: $114.36 / 108,19 € *(volume: 583)* +- 🟩 100 minutes in: $114.44 / 108,26 € *(volume: 575)* +- 🟩 95 minutes in: $114.39 / 108,22 € *(volume: 559)* +- 🟥 90 minutes in: $114.39 / 108,22 € *(volume: 559)* +- 🟥 85 minutes in: $114.40 / 108,23 € *(volume: 552)* +- 🟥 80 minutes in: $114.52 / 108,34 € *(volume: 544)* +- 🟩 75 minutes in: $114.62 / 108,44 € *(volume: 544)* +- 🟩 70 minutes in: $114.61 / 108,43 € *(volume: 544)* +- ⬜ 65 minutes in: $114.56 / 108,38 € *(volume: 544)* +- 🟥 60 minutes in: $114.56 / 108,38 € *(volume: 537)* +- 🟩 55 minutes in: $114.58 / 108,40 € *(volume: 537)* +- 🟥 50 minutes in: $114.53 / 108,35 € *(volume: 537)* +- 🟥 45 minutes in: $114.54 / 108,36 € *(volume: 524)* +- 🟩 40 minutes in: $114.55 / 108,38 € *(volume: 516)* +- 🟩 35 minutes in: $114.52 / 108,34 € *(volume: 492)* +- 🟩 30 minutes in: $114.47 / 108,30 € *(volume: 477)* +- 🟥 25 minutes in: $114.45 / 108,28 € *(volume: 468)* +- 🟥 20 minutes in: $114.49 / 108,31 € *(volume: 456)* +- 🟩 15 minutes in: $114.49 / 108,32 € *(volume: 456)* +- ⬜ 10 minutes in: $114.41 / 108,24 € *(volume: 155)* +- 🟩 5 minutes in: $114.41 / 108,24 € *(volume: 153)* +- 🟥 0 minutes in: $114.15 / 107,99 € *(volume: 153)* +- 🟥 US close price: $114.70 / 108,51 € *($114.72 / 108,53 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.057. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Microsoft is developing dedicated streaming hardware that people will be able to hook up to their TVs to use its Netflix\-like cloud gaming service. + +The company is betting the future of video games will be a subscription-based model where people pay a certain amount of money each month to get access to a plethora of titles. + +Its Xbox Game Pass service does exactly that, offering access to a library of games developed both in-house and by third-party studios. + +That’s mostly digital downloads, but last year streaming was added with Microsoft publicly releasing Xbox Cloud Gaming. The feature is sort of like a “Netflix for games,” allowing gamers to play games that are hosted on remote servers and then streamed to users over the internet. + +A number of other companies have launched similar game-streaming services, including Google with Stadia and Amazon with Luna. + +Now, Microsoft is aiming to push its cloud gaming product to other platforms. It started rolling out Xbox Cloud Gaming to some users via a web browser on iPhones, iPads and PCs in April (Microsoft couldn’t launch a proper mobile app for cloud gaming on Apple devices due to a dispute over App Store policies). And on Thursday, the company announced it wants to expand the service to TVs as well. + +One way it plans to do that is by partnering with manufacturers to add cloud gaming to smart TVs. But Microsoft is also developing streaming devices which users can plug into their TV or computer monitor to stream games from the cloud. The company didn’t elaborate on what those devices could look like, though it’s reminiscent of Amazon’s Fire TV and Google’s Chromecast dongles, both of which now support cloud gaming. + +In addition, Microsoft says it is working with mobile carriers like Telstra in Australia to offer new Xbox subscription models. It’s also expanding cloud gaming to four new countries — Australia, Brazil, Mexico and Japan —  later this year, and aims to publicly launch the browser-based version of the software to all members of its $15-a-month Xbox Game Pass Ultimate subscription in the coming weeks. + +Microsoft said it plans to add cloud gaming to its new Xbox Series X console, which launched last November to compete with Sony’s PlayStation 5. In the next few weeks, the company will also upgrade the servers that power its cloud gaming service from its old Xbox One hardware to the Xbox Series X. + +Microsoft competes aggressively with Sony when it comes to gaming. But it’s taking a different strategy to its Japanese counterpart. While Sony is known for blockbuster exclusives that can only be played on a PlayStation console, Microsoft is focusing on embedding its Xbox services onto multiple platforms, including mobile and PC. + +Microsoft has been stepping up its investments in gaming, buying the iconic studio Bethesda for $7.5 billion in its biggest video game-related acquisition yet. + +The company is holding a joint event with Bethesda on Sunday as part of the E3 gaming conference to show off new games, with fans speculating they will reveal some details about a hotly-anticipated sci-fi game called Starfield. + +[https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html](https://www.cnbc.com/2021/06/10/e3-microsoft-xbox-cloud-gaming-tv.html)