diff --git "a/reddit_finance_43_250k_305.txt" "b/reddit_finance_43_250k_305.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_305.txt" @@ -0,0 +1,10000 @@ + +If I understand this correctly, DAO token holders can exchange their tokens for the ETH they bought them with at any time, minus any that the DAO has already invested in proposals at the token holder's discretion. Consequently, it seems to be a no-brainer to exchange all your ETH for DAO tokens. Once the tokens are released, you can potentially trade them back into ETH on an exchange for a profit if their value rises above your buy-in price. If they trade for less, you can simply burn your DAO tokens and retrieve the ETH you initially invested without loss. It is a win or break even scenario. + + + +**THOUGHTS** + +It seems to me that these two simultaneously existing conditions will cause chaos. On the one hand you would be a fool to not invest all your ETH in The DAO because there is nothing to loose provided you cash out before the first proposal is funded. On the other hand, it seems foolish to actually invest in the DAO (from a strictly economic perspective). Considering this, will we not see the vast majority of what is presently being invested in The DAO liquidated at the last minute before the first proposal is funded? What impact would this have on The DAO? What impact would this have on Ethereum and the value of ETH? + +On a somewhat unrelated note. I'm also troubled by the fact that 5.8 million dollars was invested in The DAO on the first day. Given that the conversion rate remains the same for the first 14 days, it is clearly best to invest (or decide not to) on the 14th day. Doing so gives you the maximum information about the expected total investment in The DAO, not to mention greater understanding of the situation and the sentiment of others. You also have two additional weeks of opportunity to make use of your money. This makes me question the thoughtfulness of the present investors and concerns me because these are the people I would be voting alongside regarding the operation of The DAO should I choose to actually invest in it for the long term. + One week ago i tried to withdraw my balance. All i got was a fake transaction ID, zero balance on my account and zero ether to my wallet. Support is now unresponsive. If their support reads this, please return my funds! + +http://prntscr.com/gdz4th +Hi guys, + +I recently took the plunge of trying to set-up an structure/entity in the countries listed above. The strategies are live tested and funding is promised(can't count on it till we have something signed). + +I am exploring Singapore structures, Sub-fund. Costing is OK-ish, doing a deeper dive. The process will take a while once we start the process. + +In the meantime, is there anyone here who has set-up a LLC type of structure for trading the markets(2-4 countries)? Wondering about the complications or ease of starting up with this structure. + +&#x200B; + +TIA +Hi, I wonder what programming languages you use for building your trading strategies and backtesting? + + +I'm pretty sure about Python and R as tools of the trade. In crypto Node.js is also popular (got client lib for it already). Is .NET, Java popular choice as well? +I work in fast food, we are quite short staffed, burnout, trying to pay bills and such, the food pantry and certain city services are awesome and helpful. I was told last week I'd be given a raise then told today April Fools about the thing last week, man I'm not very happy. a worker quit today from that as they were also promised a raise but got fooled, but I can't quit as I need money to pay things off. + +Just crazy how store owner showed up today to tell us all its April Fools, guess that's capitalism for ya people think they can slave us away haha. + +Anyone else's work April Fooled them? Hoping one day to get a raise though, minimum wage barely pays and with rent prices increasing its annoying. +IMO, One of the bigger obstacles to getting folks to DRS is the CS limit of $214k per share. We have 125k shareholders of GameStop DRS’ed, who could also petition CS to take the necessary steps to upgrade their bit limitation to 9+ figures and likely result a flood of folks join/add to DRS. +I got another scam call, and normally I block them, but I was feeling frisky and wanted to hear what they were trying. + +They said I had a $900 iphone purchase on my Amazon account, and to get it off I needed to download 'Remote Desktop' app. + +We all know that this allows them so much more access than just one bank account. + +Please tell loved ones that might fall for this scam. + +Next level BS. + +Edit: Yes I was wasting his time and enjoying it. It was obvious it was a scam from the beginning with his deep Indian voice from a call center. + +I asked him which account was charged, which card was used, where it was supposed to be shipped etc. This went on for a good 4-5 mins. Finally he got pissed and said, "if you get charged, don't come crying to me." and he hung up on me. I enjoyed playing with him, but thought who would actually download the app and lose so much. + +Thanks for the awards. Let's help each other. +Someone had a sell all the way down at 63.05 which had to have been a fat finger. But even still, WTH is happening to the price? We've been stuck in the mud at 88-90 for 3 days, and now we're seeing orders in the 70's. Is this someone trying to trick the bots into making mistakes? Or is this bots dumping to manipulate the price down? +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! + +[Source](https://www.stlouisfed.org/on-the-economy/2021/may/housing-prices-surpass-bubble-peak-measure-value) 5/24/21 + +[Price-to-rent has surpassed that of the last housing bubble peak. ](https://preview.redd.it/ou04wrrwfoa71.png?width=880&format=png&auto=webp&s=7db8f70f87ffb22f587b480862959c73ba61a8ac) + +# Some interesting excerpts from the report: + +>The nationwide house **price-to-rent ratio, a widely used measure of housing valuation that is analogous to the price-to-dividend ratio for the stock market, is at its highest level since at least 1975**, as shown in the figure. Rapid house price appreciation since last May, combined with a slowdown in rent growth, resulted in a surge in this ratio. **By February 2021, the national house price-to-rent ratio had surpassed the previous peak reached in January 2006; in March 2021, the ratio was 1% higher than its level at the peak of the housing bubble. This suggests the average house now sells for quite a bit more than its “fair value,”** + +This report is from May. Remember, [we just covered](https://www.reddit.com/r/Superstonk/comments/ohy4mi/inflation_alert_rent_prices_are_spiking_as/) that rent prices are now also spiking. + +Measuring House Prices … + +>There are many different house price indexes for the nation as a whole as well as for particular regions, states, counties and metropolitan areas.[3](https://www.stlouisfed.org/on-the-economy/2021/may/housing-prices-surpass-bubble-peak-measure-value#) There is no perfect house price index, so I constructed one for this article by combining two high-quality indexes: (1) the Federal Housing Finance Agency (FHFA) Purchase-Only House Price Index for the United States, and (2) the Freddie Mac House Price Index. The FHFA index is methodologically superior to many other indexes but it has a relatively short history of about 30 years. The Freddie Mac index is similar methodologically but draws from a smaller sample each month. Its primary advantage is a longer data history (about 46 years). More details on the indexes are in the [appendix](https://www.stlouisfed.org/on-the-economy/2021/may/housing-prices-surpass-bubble-peak-measure-value#appendix). + +… and Rents + +>I used the shelter component of the consumer price index for all urban consumers (CPI-U) to measure the imputed rent paid for owner-occupied housing. Owners’-equivalent rent of residences (OER), a subcomponent of the shelter index, is a closer match to what I want to measure, but its data history is not as long as that of the shelter index. As detailed in the appendix, the shelter and OER indexes produce nearly identical conclusions, so I used the longer data series. +> +>**With these data, we can calculate a ratio of house prices to rent; with the earlier assumptions, we can also point to a ratio indicative of fair value for housing. During the entire 46-year period shown in the earlier figure, the average value of the ratio is about 78. As of March, the nationwide house price index was about 30% higher than the estimate of fair value produced by this approach**. + +Also + +>Will This Time Be Different? +> +>Are we experiencing another housing bubble? Should we expect housing to play an important role in the next downturn? **The risks facing households, the financial system and the economy appear less serious now than they were in 2006**. Most importantly, homeowners today have greater home equity and less mortgage debt, on average, than they did then. But the elevated level of the house price-to-rent ratio surely merits caution and further study. + +The more we cover all of this data together, the more it seems the following is going to stop the stock market from growing in its tracks: + +* The end of the eviction moratorium +* Requirements that mortgage/credit payments be resumed +* End of extended unemployment benefits +* Resumption of student loan repayments (thanks for the shout in the comments u/Delstragoy) +* Federal debt limit battle which may result in less government stimulus (not to mention we are entering election season and both sides are going to want to point the finger at each other for blame on economy blowing up) +* The Fed may be actually being serious about tapering QE +* Upcoming bankruptcies of more firms +* Regionalized labor disruptions due to Covid + +Add that to the inflation monster that has been unleashed? + +https://i.redd.it/3znnehbbjoa71.gif + +[ Thanks for dropping by and taking a dive! Please let me know if you have any questions or areas to explore, happy to try and help! ](https://i.redd.it/yoe034rfjoa71.gif) +I saved for years for my first, now I have a career it seems to be taking forever to raise enough for my second. + +The first one I told the bank I intended to live there so I was able to put 10% down 45k including closing costs. + +Now raising 60k seems near possible. +I've thought of refi but that would only be 11k. + +I have a stock portfolio at 27k don't want to sell yet and mutual funds at 6k, which won't do much. + +The current plan is to put 500 to 1000 a month aside, just this seems it will take forever. I make 65k, 92k including my building. + + +Other options to get the downpayment? +I would like to keep the funds for my rental home separate. Am I eligible to open a business banking account and things like that? Is there anything else I should be doing? +I'm in DFW, and my complex is projecting a 400 dollar or so monthly increase to rent. +Is it just the fact of interest rates destroying demand for buyers and boosting demand for renting? + + +Most complexes should, themselves, be shielded from interest rates/new financing, right? + + +Just trying to understand what to expect now and 2-3 years in the future. +Pandemic has hit me in a strange way. I've moved states (CA->Seattle, WA) and out of my network and I'm looking for ideas for careers that would provide important skills or experience that would be useful to an REI career. + +I'm 26, partway through an MBA program (online, WGU) right now, have some experience as a Real Estate Agent (years ago, wasn't a good fit) and as a key holder for a student housing building. Currently temping as a leasing agent for some apartment complexes while I try to finish the MBA early. I'm short on ideas for jobs or careers that would provide enough income to start investing. My RE license is back in California. + +Are there RE companies that would hire general (Not RE specific) MBA students? I'm interested in any and all ideas beyond leasing or working as an RE agent. +I’ve been a student of real estate. Currently own a duplex, bought for $420k and rents for $4250. The 1% rule always made sense to me as a litmus test but I always run my numbers based on return on initial investment. $100 per door never made sense to me always seems low. It doesn’t see worth the risk or work per unit for $1200 a month. +My question is is $100 per door per month meant for units that cost about $100k? + +Is the train of though if you have maximum leverage on your dollar and want to spread your risk with more units you should be investing in units that cost about $100k? +Background: Currently in the process of refinancing my mortgage and received an estimate of 3.375% that my current loan officer was not able to match. The best they could do was 3.75%. + +One of the things I see here is that relationships are heavily valued. My current LO works extremely hard and gets back to me ASAP even on weekends and weeknights. During my last refi, they helped monitor the rates, reached out without me asking, and let me know when was a great time to lock it in. They even checked up to see how life was going when the COVID madness started. + +LO with the better rate replies once a day and seemed in a rush when I called them. Definitely completely different vibe. + +Ultimately, the difference in rate results in about \~$200 per month saved. + +So the questions is... do I value the relationship or take the better deal and never look back? +Hi there, let's say there are 2 siblings who've inherited a rental property. It is already fully paid off, but requires repairs and there's a desire to upgrade its rental value by adding another bedroom & bath to it. + +One of the siblings has less financial capacity than the other to pay back a loan, but collectively both siblings can afford a loan large enough to accomplish the repairs & upgrades mentioned above, albeit disproportionately. + +Let's say one sibling can pay 33% of the monthly loan payments desired, and the other 64%. + +How would you assign equity to both siblings given that the property is already fully paid off, they've each inherited half, but the work they're doing will obviously add value as well, and they are making disproportionate contributions towards those upgrades? + +Thank you. + +Edit to add missing key info: parents are still alive and relying on the rental income. So that cash flow is unavailable for renovations. They have no incentive to renovate but the siblings do, so would have to pay for the Reno themselves. + +This arrangement was also made to avoid certain property tax complications down the road when the siblings inherit. We’re in CA so the property has been put into a trust by the parents but run by the siblings. This will avoid a reassessment of the property value (thus tax) when the siblings ultimately inherit. +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. +Banks have charged low income Americans $12.4 Billion in overdraft fees in a year, this is an all time high, never have they taken this much. + +And nothing is being done against it. + + +But when some guy orders weed and pays with Crypto, it is a serious problem the nation need to solve and some politicians cant stop talking about it. (By the way: in 2020 just 0,34% of all Crypto transactions were connected to crime, an all time low) + +[(source on crime)](https://go.chainalysis.com/rs/503-FAP-074/images/Chainalysis-Crypto-Crime-2021.pdf) + +[(source on overdraft fees)](https://www.forbes.com/advisor/personal-finance/how-to-prevent-overdraft-fees/) +Heyo fellow users! Spring is upon us in the northern hemisphere and I would like to make a post about ways for us to grow our own food. I am currently on SNAP so I know the difficulty of getting yourself fed and would like to share some knowledge I have. + +Basically, for $4 you could have 3 tubs of 2-4 (Min of 6. Max of around 12) plants each that in the first stage of fruition would yield you more than your money back. + +Disclaimer here; I do not claim to be a professional by any means, my knowledge comes from having parents that grew and canned their own food for generations and a mother who grew up in intense poverty (If they didn't grow their food, they didn't eat. This is post depression ((USA)) era poverty might I add.) + +I will be splitting this up into two segments, the first being basics to get started. The second, some protips I've found out over the years. + +**The Basics of Indoor Gardening** + +*If you would like to purchase seedlings skip to the next section* + +* **Let's start out with your seeds!** The cheapest I have ever found seed packets were 3 for $1 at the Dollar Tree. Sometimes you can snag a deal on packets at Walmart for a few cents cheaper. I **DO NOT** recommend Lowe's or Home Depot for seeds, they are usually overpriced. You can also find Plastic tubs to keep your plants in at Dollar Tree for a buck each. + +* On to tubs to hold your plants in. I find anything plastic or metal that is around 2ft in length will hold 1-2 fully mature plants. + +* Soil? You can get it for free! If you have any wooded area's near you feel free to go with a trash bag and shovel. You can cut an old milk jug at a 45 degree angle to make a DIY scoop to get the soil quicker, don't be afraid to get your fingers dirty breaking the top layer of soil! If you prefer to get higher quality soil you are welcome learn composting or to purchase a bag from any store that sells it. + +* **This is a very important thing to remember** You will have the healthiest plants if you start with seedlings and later transfer to larger pots. For seedling holders, use any old yogurt cup, used solo cup, small paper cups, old mason jars from pasta sauce (I don't fully support using glass jars or your own plastic drinking cups. We'll get to that later) etc. Sprinkle 2-4 seeds 2-4in deep in the soil of your holder and set them by your windowsill or on a shady area of your porch. Water as directed and bring inside whenever there is inclement weather or intense heat. Allow these to grow til their second set of leaves sprout, that is the best rule of thumb to let you know when to transplant them. + +**Planting your seedlings** + +* Once you have your seedlings matured, tubs and soil, cut the holder along one side and gently place the seedling (soil and all) into a hole dug just an inch or two deeper than the seedling's soil. Group 1-2 seedlings together at least 3in from the edge of the tub. Why group a couple together? Because not all seedlings are promised to mature. Then repeat this the recommended length apart from one another. A good rule of thumb I've found is about 5in will be perfect for most any plant regardless of the packet's directions. + + +**Now you've got your seedlings in their forever home!** + + Okay now I have some baby plants in a bin, what next? + +* Next we will place our tubs of seedlings near a window, if your room is painted any variant of white (Cream, tan, etc.) you can place your plants just slightly out of the sunlight due to light reflecting off of the walls, for example; on your kitchen table, nightstand in bedroom or end table in living room. Feel free to put a surface next to a window to give it the most light possible. + +* Now is the easier part in my opinion. Water your plants as needed. Simply keep your packets handy to reference to amount of water needed for each plant. I keep mine on my fridge with the name of the plant taped to the tub so I don't forget. + +* Be patient! Your plants will grow with some good tlc and time. I suggest pruning dead or dry leaves to keep their nutrients in and rotating your plants whenever you notice they are leaning towards the light. + +* Pow! In a few weeks/months you will have produce to eat! + + +**Protips For Growing** + +* Some plants such as tomatoes will need a little helping hand for their vines to grow accordingly, Place a stick per seedling next to their leaves so they have some support to carry their fruit later. + +* If you spot any light specs on your leaves that are not natural to their standard coloring your soil is too acidic, if you can get some wood to burn (even just some small sticks) spread ashes in the soil to correct the Ph balance. + +* Position your sunshine loving plants to the north for all day sunshine. + +* Growing indoors is a good way to protect your plants for pests and diseases. + +* Don't wan't to pay for seeds? If you're already buying organic produce you can take the seeds out of the produce and plant them. + +* Composting is a whole different post in and of itself but, if you can compost you can have amazingly nutritious soil for basically nothing. + +* Try to keep your home around 70 degrees for optimal growth of most plants, anything lower than 60 will slow their growth or possibly kill them. Most homes are around 70 in most months of the year. + +* **Not all plants have to be grown as separate seedlings, you can directly plant some seeds. Usually vegetables can be directly sown from seeds. A quick google search will tell you if you can.** + +* You can grow any plant out of season with the right conditions indoors. + +* **My favorite tip, place plants in your bathroom. When you shower the steam will water the plants for you** + +* During the winter keep plants away from windowsills + +* **Don't have time to water your plants? Make a self watering pot by poking holes on the neck of a plastic bottle, screw the cap on and the soil will absorb water when needed.** You can also put plant nutrients in the water for extra benefits. + +* If you have florescent light bulbs installed in your home they will benefit low to medium range lighting plants. Red wavelength light is best for bringing plants to fruition if you do not have much natural light (Search incandescent light bulbs). + +* **Set aside the seeds from your best veggie/fruit to grow your next plant free** + +Hope this helps! If it wasn't for my indoor garden I wouldn't have had anything more than rice and beans to eat at least a week out of the month. + +Edit: Again, I am by no means a professional, but I felt it would be worthwhile to take the time to write this to give people a starting point for growing indoors. There are always better ways to grow produce than how I listed, I grow my own plants on a larger scale than this. This post is meant to be a starting point for someone looking to grow their own food, not a gospel truth. + +Edit 2: thank you so much to the person who have me gold! I will be doing a part 2 with more tips that I know and that the redditors of this thread have offered as well as easy starter plants for beginner's to grow. The post should be up this evening! +I just stumbled over an article on the German news-site Zeit and it sounds quite unbelievable. I tried to find an English article covering it, but so far only found this one which seems to be missing the ledger part: + +http://www.tellerreport.com/tech/--cryptocurrencies--you-also-have-to-take-good-care-of-your-bitcoin-wallet-.r1M2DoG-N.html + +So keep your hardware wallets safe, folks! + +German article: + +https://www.zeit.de/digital/2018-12/kryptowaehrung-chaos-computer-club-kongress-leipzig-hacking-wallet-bitcoin +"I do hope to bring [\#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hashtag_click) into our National conversation…” + + + +https://reddit.com/link/ju1718/video/ew95di0v77z51/player +[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 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 + +# 🟣 [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/) +I can see how it would be easier to start a company if you had enough to live on saved up. Is this anyone's plan? RE in your 30s or 40s and use the security and maybe some of the capital to start a company? +Hi all. + +/r/personalfinance didn't seem to help, and this seems like a topic for here anyways. + +If I buy, e.g. VTSAX every 2 weeks, including yesterday. does that mean I am totally unable to tax loss harvest ever? The wash sale rule states that I cannot buy the fund (or anything "substantially equal") 30 days before or after. What about the shares I bought like a year ago? CONFUSED and searching online doesn't help much. + +Thanks! +Storytime: +I started averaging into GME towards the tail end of last year, ending up with a total of 500 shares at around $16.58/share. I had recently discovered selling calls thanks to this sub and decided to try my hand at selling 5x 1/15 20C since I felt the strike was far enough above my cost basis and had what I thought was a solid delta and DTE at the time. Fast-forward to literally the week my calls expire and GME begins its moon mission. I knew a little about rolling back then and was fully prepared to roll the calls up and out a couple of days prior to expiration (which I thought at the time was best practice). Guess what happens? I get assigned 3 days prior to expiration when the price hit $30 and say goodbye to my 500 shares... pain ensues as I watched the GME craze take off. Needlessly calculating the potential gains I would have had if I rolled or wasn't assigned at all. This could have been potentially life-changing money for me. + + +[Proof of shares and assignment](https://preview.redd.it/udmob5o3gjo61.png?width=1656&format=png&auto=webp&s=62306e7e4d3c84e3fe674e30c3ee9e2990645758) + +As they say, "max profit achieved." How far up and out would I have rolled? Who knows, maybe some time in Feb 60C. I learned a lot from this trade specifically and will not be making the same mistakes again. + +1. If you really want to hold onto a stock long-term... just don't sell calls against your shares, especially not a meme stock that had all those rumors circulating. The premium I collected was pennies in front of a steamroller. It works until it doesn't. + +2. If you do sell calls and they start to become wildly ITM and you want to keep those shares, roll up and out early, don't wait around. Know the risks involved with assignment and selling calls. + +3. Let go of your emotional attachment to a stock after it's gone, you can see me FOMO in a little and then sell immediately with those 12 shares in early Feb. + +TLDR: Sold 5x 1/15 20C on GME, got assigned early after they went deep ITM before I could roll. "Max Profit Achieved" and lessons learned. +Hi there, + +I have been trading options for about 8 months and I feel I’m getting the hang of it. I am a net seller of premium and my portfolio is generally beta-weighted delta neutral with slight bullish or bearish bias, and a few extra short deltas to hedge Vega risk. + +I trade mostly iron condors, iron butterflys, credit spreads, broken wing butterfly’s, long condor spreads, long butterfly’s, CC puts, covered calls, calendar spreads, diagonal spreads, double diagonals, occasionally debit spreads, and if I’m feeling like I have balls of steel I’ll get a long option at .05% of my cash balance. + +The problem I’m having is I seem to have waaaay too much negative gamma. This last week my negative gamma has been 5 times higher than my theta. So obviously I am exposing myself to too much gamma risk and not collecting enough time decay. Why is that though? I trade almost always 45 DTE and manage at profit target or 21 DTE. + +Anyone have any advice or guidance here? I can’t seem to make the connection between my trading behavior and unnecessary gamma risk. + +Thanks guys and happy trading. +I doubt this is the correct sub to post it in. But this post would get crappy/no responses in other subs, and I'd like to get the opinion of some people who understand the economics and math of this. + +The actors: + +1. Retail traders with deep ITM calls that can't afford to exercise. +2. Market makers that are delta neutral +3. Shorts that are hedged with calls. +4. Shorts that are not well hedged that are holding on for dear life. + +What is going to happen to this clusterfuck on Thurs/Fri? Could we see something at shallow ITM strikes similar to what happened to oil where futures prices went negative? A massive negative feedback loop where retail sells their ITM calls, picked up by algos who exercise and liquidate? Algo's exercising and holding to force even more of a squeeze? + +There's some funky shit thats gonna happen and i'd like to be in the right place for it. I'm leaning towards a huge liquidation where the smart money starts to exit either EOD today or Thursday due to the threat of retail traders flooding the market with deep ITM calls which will get picked up by institutions that will liquidate immediately. + +Let's discuss this from an objective standpoint. What will happen, why will it happen, and when will it happen? +I doubt this is the correct sub to post it in. But this post would get crappy/no responses in other subs, and I'd like to get the opinion of some people who understand the economics and math of this. + +The actors: + +1. Retail traders with deep ITM calls that can't afford to exercise. +2. Market makers that are delta neutral +3. Shorts that are hedged with calls. +4. Shorts that are not well hedged that are holding on for dear life. + +What is going to happen to this clusterfuck on Thurs/Fri? Could we see something at shallow ITM strikes similar to what happened to oil where futures prices went negative? A massive negative feedback loop where retail sells their ITM calls, picked up by algos who exercise and liquidate? Algo's exercising and holding to force even more of a squeeze? + +There's some funky shit thats gonna happen and i'd like to be in the right place for it. I'm leaning towards a huge liquidation where the smart money starts to exit either EOD today or Thursday due to the threat of retail traders flooding the market with deep ITM calls which will get picked up by institutions that will liquidate immediately. + +Let's discuss this from an objective standpoint. What will happen, why will it happen, and when will it happen? +Got absolutely fried on my short call credit side of an iron condor this week. + +I’ve learned a thing or two about risk management in that regard. + +Do y’all have a delta threshold, that when breached, you decide to close out a side of an IC? If so, why? +OK a diverse port doesn't suck, but I'm curious if anybody here who has a decent amount of capital chooses to work with 5 or less stocks. Reason I'm asking is because I do very well wheeling a couple stocks and everytime I think I should spread out my money for diversity's sake my returns diminish or even cost me. Yeah I get an individual stock can crash but I mitigate most of that by making sure fundamentals are stellar and not holding any contracts over an er. When I did buy and hold, I saw similar results. Let me hear your validation or curse of this (if u soared and plummeted wsb-style on some zero pe turd, I'm not looking for your insight). +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! + +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! + +FB and Google have been two of my biggest position and are both up by 30%. As we are coming out of lockdown, I suspect the earnings for both companies for the next few quarters gonna be quite soft. For example, Youtube's view count is not doing as well as the same time lasy year, indicates future ads earning for Google may go down a bit. I am looking to sell them and buy other companies. I have got few ideas and I would like to hear your opinion: + +1, **vanguard Global Small Cap**, small caps will be where the opportunities gonna be as big caps values are bit stretched atm. + +2, Travel stocks: **National express** will be my bet. Its share prices have taken a beat. This company is quite solid and not going anywhere. With travelling domestically and internationally gonna pick up, I expect National Express gonna do quite well as it does not rely so heavily on international travel like other travel stocks (Tui, Jet2). + +3, SP500, my wife's favourite, I am bit reserved on this one, as it is on multiple all time high and bit toppy, may not present the best values. + +Or any other ideas fellow investors have in mind, please hit me. +40yr old, Homeowner, no mortgage. Average salary, no children... But planning on having first kid in the next 12 months. + +At present... + + +40.5% Global index funds + +1% UK + +1.5% China + +1.5% Small cap global + +1.5% UK AIM + +1% Global REIT + + + +15% Global bond fund tracker + +3% Gold ETF + +1% Physical gold + +1% Peer to Peer loans + +6% Bitcoin + +27% Cash + +Obviously great uncertainty here in the UK and globally. + +I consider myself of fairly high risk tolerance.. But what are everyone's thoughts on my asset allocation? + +Thanks +I have been wanting to invest for a while and finally feel that I am confident enough to start. + +I originally wanted to start out with FTSE 100 and S&P 500 ETF's and then grow outwards from there when I get more confident. However, I am looking for your guy's opinion on whether or not to wait til after brexit to invest. + +So would it be worth investing in US/EU based ETF's to begin with, and then invest post-brexit when people are panic selling? + +I am new to the investing game, so any advice you guys can give me will be appreciated! +What do you guys thinks of the information in these links pertaining to the security of both Trading 212 and Freetrade? + +&#x200B; + +Trading 212: +Sections 12 and 13, particularly 13.7 - [https://www.trading212.com/en/client-agreement-st](https://www.trading212.com/en/client-agreement-st) + +&#x200B; + +Freetrade: +[https://blog.freetrade.io/keeping-client-money-safe-ca3659da8673](https://blog.freetrade.io/keeping-client-money-safe-ca3659da8673) + +[https://community.freetrade.io/t/what-happens-if-freetrade-goes-bust-which-of-course-wont-happen/7226/3](https://community.freetrade.io/t/what-happens-if-freetrade-goes-bust-which-of-course-wont-happen/7226/3) + +&#x200B; + +To quote section 13.7 of the Trading 212 link: +"Your Investments will be registered in the same name as those of other clients (pooled together with other clients’ Investments in an omnibus co-mingled custody account, like with like). This means that Investments will not necessarily be immediately identifiable by way of separate certificates. If we or our third-party nominee were to become insolvent there may be delays in identifying individual assets, and possibly an increased risk of loss if there should be a shortfall because additional time will be needed to identify the assets held for specific clients. In addition, in the event of an unreconciled shortfall caused by the default of a custodian, you may share proportionately in that shortfall." + +&#x200B; + +To quote a Freetrade representative in the second Freetrade link from above: +"For each of our deposit banks and custodians we have a legally binding letter acknowledging that your assets do not belong to us, and can’t be used in the event of us entering administration to cover any debts we may have. +We maintain detailed records of who all the cash and stocks we hold belong to, so if something were to go wrong on our end, these can be quickly identified and distributed to you as the owner." + +&#x200B; + +It seems to me that Trading 212 lump your investments in with other people's and this may result in a headache in the case of their potential insolvency whereas Freetrade keep your investments separate, which is better in my opinion. What do you guys think of this? + +Also, I believe I"m correct in saying that Freetrade offer share certificates in their app, or at least proof of ownership. Trading 212, to my knowledge, don't do this. What kind of proof do we have that we own shares with Trading 212? Wouldn't certificates be even more important given how they lump client's investments in together? +Hi guys, + +Just a bit of advice I needed for some time now, but never really got around finding the answer. Let’s say I have invested in a few growth stocks, which I am up considerably in, what is the best strategy to increase your position in them. Do you add on red days? do you add on days when it’s a certain percentage down? Is it ok to add on green days? + +I know ‘time in the market’ > ‘timing the market’ but at the same time is there any strategy people use when they want to add to their position? + +For instance, I have Square, which I want to buy more of it. I am already 25% up. When should I add more. I was thinking of creating a pie(trading212) and having all my growth stocks(or stocks which I want to add and grow over time) and then deposit a certain amount every month at a fixed date, let’s say the date I get paid. + +How does that strategy sound? +The Shiller P/E ratio has risen to almost 32 in the last year. (All time historic average 17.1) - would indicate the stock market is overvalued. + +The Buffet Indicator is at 2.2, all time high. Or in terms of Corporate Equities to GDB at 171%. + +Total Market Cap / GDP - 184% + +Loss in GDB: UK -20%, USA -31% (yes, it's a minus before each number) + +Not to mention number of people on furlough and credit holidays. + +Plus unemployment is going to shoot up soon. + +I currently keep15% of my net worth invested in the market, but even if the market drops 50%, it's still 7.5% loss. + +&#x200B; + +Wouldn't all the above indicate that's it's safer to exit the market and hold cash until it crashes? + +&#x200B; + +No sane person can say it's gonna last long until it crashes in current circumstances, you can't inflate it by printing money forever. +Am I naive to think the markets will generally pick up as the economies start opening up? Then there will be a second wave of the pandemic which will cause economies to close and price drops. These will start to recover when they re-open again. +Hi guys, +Confused about tax, last months I have made few transactions, generally for a small stake, because I was sure that if it’s below CGT everything is fine, but today I found out that when I sold stocks shortly, now I am trader and in this situation allowance is 1000£. +Need advice. +Hi all, + +Noticed rathbone global opportunities over the past 10 years has always been in positive territory year on year with 15% per annum on average, am I missing something here? I read some previous posts that it’s more complicated then this, what would be the complications? It seems like a great investment, how many others are invested in to this? +Hi, + +I was looking to start investing in an index fund at around £100 per month. I was going to go ahead with either a vanguard life strategy 80 or 100 fund. I am 26 years old with a salary of £39000. + +However, with the major slump in UK GDP and the uncertainties over coronavirus should I wait to start investing? If the markets are due a massive shock again, wouldn’t it be most appropriate to wait? + +Also any comments on other indexes or book suggestions would be great. + +Thank you I’m advance. +This one has a shot really nice gain today looks like it has some positive momentum finally. NAKD is still under $1.00 poised for a nice run as it has a lot of buy and hold investors. +I think it may be helpful to share how my divorce has affected my path to FI. + +I was married in early 2005, split in late 2015, with a finalized divorce in early 2016. We had no prenup, no kids, owned one house together (with a mortgage), and owned two vehicles together with no loans. The divorce was not legally contentious, but neither was it amicable. I've been interested in FI since about 2008 and seriously pursuing it since 2011. + +### Overview ### + +| Year | My income | Her income | Income Tax | Spending | Saved Toward FI | EOY FI Savings | Estimated Annual FI Spending | Estimated First Year of FI | +|:-----------------|----------:|-----------:|-----------:|---------:|----------------:|---------------:|-----------------------------:|---------------------------:| +| 2011 | 95,000 | 0 | 18,000 | 63,000 | 14,000 | 89,000 | ? | | +| 2012 | 113,000 | 3,000 | 25,000 | 73,000 | 17,000 | 112,000 | ? | | +| 2013 | 120,000 | 9,000 | 33,000 | 68,000 | 28,000 | 185,000 | 55,000 | 2027 | +| 2014 | 125,000 | 48,000 | 38,000 | 78,000 | 60,000 | 275,000 | 48,000 | 2025 | +| 2015 | 143,000 | 40,000 | 40,000 | 105,000 | 32,000 | 245,000 | 45,000 | 2025 | +| 2016 (so far) | 150,000 | - | 37,000 | 53,000 | 21,000 | 290,000 | 43,000 | 2026 | +| 2017 (estimated) | 155,000 | - | 45,000 | 35,000 | 75,000 | 380,000 | 27,000 | 2023 | + +A couple points related to the divorce: + +* Most of 2015 was spent making up the lost ground in cash I gave to her to buy out her half of our home's equity (about 47,000). +* Much of 2016 has been spent building back up my emergency fund and retirement savings since a QDRO was used to equalize our retirement accounts (giving her about 59,000 from my 401(k)). +* My estimated expenses for 2017 are based on the past year's worth of expenses, minus the cost of building up my emergency fund again. + +### Saving and Spending ### + +At first, it was quite an unknown how going from married to single would affect the basic components of my path to FI. I knew that household income would be less since it will just be my income now. This was easy to estimate based on her last couple years having her first legitimate job, netting about 40,000 per year before overtime / bonuses. + +I also knew that household expenses will likely be less since it would just be me now. But by how much? Here is where I was surprised: + +* She had a student loan payment in her name only which cost about 2,000 each year. +* My health insurance through work dropped to the single rate instead of the family rate. My other insurances changed in various ways, too. Overall I save about 3,000 from this each year. +* Reduced, and eventually eliminated, pet expenses. (I kept one dog, who passed away a few months later, and she kept all the other animals.) This saves 4,000 per year. I have no plans for pets in the short- or medium-term future. +* Cost saved on regular life items for an additional person: health care, food, gas, clothes, utilities, etc. Overall this saves about 10,000 per year. +* We had a spending category called "Wild Card". Created with good intentions when my ex did not have a job, this was a portion of money set aside for her to spend without me saying anything, no matter what I thought of the purchase. As the years went on and our income situation changed, the money allocated toward this category ballooned to **15,000 per year** during the last two years of the marriage. It had become our second largest expense category - more than food, more than travel, more than health+pet care, more than loan repayment.. only second to *income tax*. It was a combination of her succumbing to lifestyle inflation and my desire to keep her happy and not feel like the "bad guy". + +In total, the loss of 40,000 in income is mostly canceled out by the loss of 34,000 worth of spending. A raise after the end of my divorce has covered the rest of the gap, and my single income taxes are right around the same as the married taxes I paid on our higher combined salary. So I'm now at a position where my spending and income have been reduced by the same amount, relative to each other. I'm much more comfortable with a lower salary and lower expenses than higher salary and higher expenses. + +I did this analysis after about six months of living on my own, and these results was a big surprise to me. I would never have thought that my ex was "costing" the household as much as she was earning for it - and I've tracked all income and spending for the last 15 years. I was both embarrassed that it happened, and excited about it being a thing of the past. I felt so good deleting the "Wild Card" row from my spending spreadsheet that it might as well have been accompanied by brass fanfare with a crown placed atop my head. + +### What I Did Right ### + +There are a few general principles often seen here and on other places like /r/personalfinance that benefited me during the divorce. + +##### I lived below my means. ##### + +Although spending was higher than I liked prior to 2015, we still lived below our means and saved a good chunk of our money. A lot of the spending above was saved away into individually purposed savings buckets, such as car replacement, home maintenance, and vacations, so we were reasonably disciplined with our money, too. I was probably 75%-80% of the force behind this effort in our marriage. When divorce began, because she was not accustomed to us spending all the money we made, her current salary was enough to maintain the same lifestyle we were already living (well, except for her ballooning "Wild Card" spending habits). + +This also helped me ultimately avoid paying alimony. More detail on that below. + +##### I had a substantial emergency fund. ##### + +Because I had "buckets" for just about every kind of unexpected expense I'd ever had, as well as bringing in more than I spent each month, I really didn't ever have to use my emergency fund. Until I did! Having that type of cash on hand (or in taxable investments) is what allowed me to refinance the house in my name only without taking on additional equity. I've read about the splitting of the marital home being one of the toughest sticking points in a divorce, but she wanted to move out, I wanted to stay put, and our emergency fund was enough such that after she got her half, she also got most of my half in exchange for me buying her half of our home's equity. + +##### I didn't pay more on low-interest debt than necessary. ##### + +I understand that there is an emotional aspect to getting rid of debt that is appealing to some (myself included). But trusting the math over my emotions helped me out in a couple of ways during the divorce: + +* Her student loan was 1.625% stretched out over 25 years. Any extra I'd have chosen to pay on it would have been "thrown away" in the long run, as she took on this debt post-divorce. +* Our home loan was 2.95%. Anything extra I'd have chosen to pay would have become more equity that I'd have had to buy back from her later. + +##### I paid close attention to my finances. ##### + +I was always much more interested in the details and direction of our finances than she was. I used this position of knowledge / trust to my advantage during the divorce in a couple ways. Mainly, she deferred to me in writing up the marital settlement agreement. I used this position to be as favorable to me as I could while still being fair from her perspective and managing her anxiety about her living on her own. + +I created a mock-up post-divorce budget for her, which was based on our shared historical budget. I then used this budget to convince her that she didn't have a need to ask for alimony. The budget was very similar to our marital budget over the past few years since we had lived below our means for so long (except, without saving for retirement at the same pace). Between her guilt related to the circumstances of the divorce, her pride of "making it on her own", and her below-average ability to consider the future under this proposal, she agreed. This saved me a potentially enormous amount of money over the next 3-5 years - as high as 100,000, according to my lawyer. + +I also included a spread out schedule for the equalizing payments, with the first payment happening very soon, and the last and largest one happening "no longer than 7 days after the divorce is finalized". The first payment was to discourage her from asking for additional financial help while moving out, buying new furniture for herself, and all that. The last payment was a carrot added to discourage her from changing her mind on other specifics, such as alimony. This also gave me time to start on my new emergency fund between filing and finalizing the divorce. + +I also did our 2015 taxes jointly. Our divorce did not finalize until early 2016, so we had to file either as Married Jointly, or Married Separately. Filing jointly saved me money (and cost her money via a reduced refund) because my income was so much higher than hers. She deferred to me to avoid the hassle of learning how to file taxes, I assume. (Or she may not have been aware that Married Filing Separately was a thing.) + +### Financial Lessons Learned About Marriage ### + +* I'm very fortunate my ex divorced me last year, instead of ten years from now. I read [this post](https://www.reddit.com/r/financialindependence/comments/3vg0j8/do_any_of_you_guys_have_a_prenup_are_you/cxndtq5) a couple months after divorce began, and saw the kind of scenario I potentially dodged down the road. +* For someone like me - an above-average earner, below-average spender, and with no plans to have children - I don't see any financial or logistical benefit to legal marriage that is worth the long-term risks. (I also see no emotional, social, or other benefit to legal marriage based on my personal circumstances and values, and do not plan to marry in the future.) +* Money is fungible. If your partner is not on the same page as you, rearranging things into different buckets, categories, spending models, or other mental tricks is not going to actually fix things. (...it sure felt like it, though! That is, until I realized that I was part of the household that spent 30,000 over two years on fish, snakes, geckos, skinks, tanks, cages, filters, heaters and lights running 24/7, an entire closet of dog outfits, piles of never-used art supplies, scrapbooking supplies, jewelry-making supplies...) +* When divorce begins, both parties naturally become more self-serving. The concept of "No one cares more about your money than you do" applies. + +All the numbers in this post are approximated. I'm happy to answer any questions. + +(I've written about the non-financial aspects of my divorce [here](https://www.reddit.com/r/Divorce/comments/56h3xj/its_been_one_year/).) +I apologize if this isn't allowed. I read the sidebar and FAQ, so I think I'm good... + +&#x200B; + +I am often tempted by higher risk investments, which generally speaking our sub tries to avoid. One of the many ways I use to not fall into the "but I could shave years off of my retirement if my return is 20%/year" type opportunities is to read about investments gone wrong. + +&#x200B; + +What are some examples that in hindsight were terrible decisions. Ever buy a high risk individual stock? A leveraged ETF? +Hey gang, + +My wife and I have turned our eyes to the "what's next" portion of our lives. I'm 40, she's 36, and we are looking to start dialing back on working so many hours per week. Not retiring for years to come, yet, but more do something less stressful, sooner than later. I think that's labeled CoastFIRE? Anyhow, We are finally in a fortuitous position and knuckling down hard on our savings. We have zero debt. Own both cars, own our home free and clear, no loans. We pay for everything with a rotation of 3 rewards cards, depending on what 5% bonus each have activated for a given quarter, and those are immediately paid in full, monthly. + +Current savings/portfolio look like this: + +My 401k - 113k + +Her 401k (Sitting from a previous job) - 75k + +Investments (Split between a managed account and our own Vanguard) - 37k + +I got a very late start in taking full advantage of my company's 401k match, and this will be the first full year that I max out my contribution. It will stay maxed, going forward. + +We have a combined income of just under 200k, gross, and our monthly expenses are under 2k. We are pretty boring. Don't go out much, I love to cook, so that's a no brainer. We figured that, after taxes, we can easily stow away 78k annually, minimum. 102k by really cranking on it, which will be the goal each year. 48k of that minimum will go to the managed account and the rest (including the max of 54k) will go in to our newly opened Vanguard brokerage. Currently Vanguard is only the initial 11k in VTSAX, but we will be expanding that to include international in the next month. + +I know we are late to the game, but with our low expenses and high savings rate, are we crazy to think that we can generate a lumpy enough egg to take a step back and breathe a bit, work level-wise, in say 5ish years? +🐈 CatBread 🍞 launched 12 days ago, and has held a steady number of holders and buyers despited the major dip in the B T C and B N B markets. + +Now listed on CoinGecko ✅ the chart looks healthy AF and CatBread is undoubtedly the hottest bread at the market right now. + +The team are working tirelessly behind the scenes on developing an arcade featuring retro/pixel art games, with NFT prizes, with regular progress updates posted to the team’s Telegram channel. + +Retro-style Games will be available to play on the website in the near future - with the long term aim connecting to the blockchain to allow token funded gameplay with exclusive NFT prizes! + +Devs are online and active on the Telegram and cover all time zones so there is always somebody available to chat to! The CEO has also doxxed themselves and face photos are available on the tg. + +A beta demo of the first arcade game was released to the Telegram group this morning, and the CEO will be featured on multiple, large-audience AMAs this week to continue promoting the project! + +Custom graphics and memes! Custom stickers! This one will go parabolic in the near future — get in while the price and market cap are low! + +🥐 Supply 1,000,000,000,000,000 🥖 Ownership renounced 🍞 LP Burned 🥯 Devs active on telegram + +Tokenomics: +* 5% distribution to Holders- 5% of every transaction is distributed directly into your wallet! Watch your bread grow! +* 5% automatically added to liquidity! +* Locked liquidity - The liquidity was sent to the burn address. This piece of toast is burned forever and cannot be reclaimed, for your peace of mind! +* Community driven - 100% community driven! The ownership is renounced and sent to the official burn address, making your bread completely safe to buy. + +Marketing roadmap: +[x] Pre-launch Reddit marketing push +[x] Meme factory assembly line +[x] Use case defined +[x] TrustWallet logo *(submitted)* +[x] CoinGecko application *(submitted) +[x] CoinMarketCap application *(submitted)* +[x] First arcade game *(designed & being finalized)* +[x] CoinGecko LISTED! +[x] Poocoin ads *(designed & submitted/in queue)* +[x] First round of merch — available now! +[x] Beta game demo released this morning +[x] Major Influencer donation agreement *(in final talks)* +[x] AMAs scheduled with large outside groups this week +[ ] Exchange/CEX listings *(in contact and in talks)* +[ ] Marketing to boost hodlers *(to qualify for listings)* +[ ] Plushies and NFT combo sale +[ ] 2nd arcade game +[ ] 3rd arcade game +[ ] GACHAPON (NFT vending machine game!) + +Links: +🌎 Website: catbread.club +💬 Telegram: t(dot)me/Cat_Bread +📖 Medium: medium(dot)com/catbread +✅ CoinGecko: www.coingecko.com/en/coins/catbread +🤑 Pancake Swap: exchange.pancakeswap.finance/#/swap?outputCurrency=0x74a6e371f95073005b3a5faf4a9e25ae30290f94 +Twitter: @CatBreadBSC +[**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/) +You aren't going to win people over on NFTs, but you don't need to! Just point out that Gamestop may soon be able to allow resales of digitally owned games. You'd be able to sell PC/Digital games because you would technically own them, and you'd be able to transfer that ownership (i.e. sell them) because of the way the system works + +Older gamers may remember when we used to have to type in CD keys on the packages to claim our games, this could be a much more advanced version of that, that allows transfer! + +That, imo, is the big potential here +[https://www.cnbc.com/2020/07/23/palihapitiya-teslas-push-toward-energy-could-make-it-worth-trillions.html](https://www.cnbc.com/2020/07/23/palihapitiya-teslas-push-toward-energy-could-make-it-worth-trillions.html) + +"Social Capital CEO[ Chamath Palihapitiya](https://www.cnbc.com/2017/06/15/delivering-alpha-chamath-palihapitiya.html) told CNBC on Thursday that [Tesla](https://www.cnbc.com/quotes/?symbol=TSLA)’s growth is no longer about its electric cars, but its renewable energy components. That could make Elon Musk’s company worth trillions, he added.  + +“It is the leading hedge when it comes to electrification and decarbonization. This is no longer about cars, that’s the first wave of growth. I think people are pricing in the evisceration of traditional autos and an enormous shift to \[electric vehicles\], of which Tesla will get the disproportionate share,” Palihapitiya said in a '[Squawk Box](https://www.cnbc.com/squawk-box-us/)' interview. 'This is worth trillions of dollars.'" +After many months of deliberations and waiting for full Computershare access, I have decided to start 'selling' my etoro shares and buying back into CS. + +I put selling in inverted commas, because I am of the opinion that any share held at eToro holds no weight, isn't real and does not affect the market one way or the other. Holding xx shares there that can't be drs'd has pained me for a while now. I want my hard earned money and shares to mean something, to contribute to the overall goal of locking down the float. This is my way of taking action. + +My overall position in GME will only increase with this process. Seeing as eToro never actually owned my shares, there is technically not going to be any shares being sold back to the SHFs. + +Buying and Holding (at least through eToro) isn't enough. DRS is the way. + +Happy 2022 y'all. Power to the Players! +Hey guys. I’m an absolute rookie and jumped on board what feels like way to late. I want to learn as much as I can to earn as much as I can but also be educated with the decision I make. + +Basically what I’m getting at is I’m just wondering if there was any courses or qualifications you guys sort out or studied to become educated in the world of crypto. I’ve watched so many videos and read report, articals and blogs. I’ve reached out to friends and family but still only have a vague idea and would love to know of something abit more professional to study. + +Thanks in advance ! +Disclaimer: This is not dd. This is opening a discussion for a certain factor of the gme report that is causing controversy + +&#x200B; + +EDIT: the data in figure 6 does NOT include all the shorts. It is merely a representative sample of shorts. Looking at the absolute quantity of shorts buying here is meaningless. However, given that it still seems odd to me that in the period between Feb 6th and Feb 12th, a massive quantity of shorts (something like 100% of the float) must have been covered according to this graph without any noticeable effect on price. Comments are disappearing for me for some reason and I am going to sleep. Play nice and stop downvoting comments posing resolutions other than higher than reported short interest into the ground. This is a discussion thread. Not a GME circle jerk thread. We are working through this report together to make sense of it and the purpose of this thread is to find clarity on something that seemed off to me and a bunch of other individuals not to just try to hype. + +&#x200B; + +There is a lot of speculation about whether the GME report suggests that shorts have not closed. The core of this comes down to the seeming disparity between this figure 5 and figure 6 of the report. + +https://preview.redd.it/x2pvs79nfdu71.png?width=645&format=png&auto=webp&s=acd07db860fbef8fa7ca174479e2292812df46b3 + +https://preview.redd.it/ssomo32zfdu71.png?width=618&format=png&auto=webp&s=24fd26f5e629a2e944ecac2ae22c4a937b1263b9 + +~~The figure 5 graph suggests that short interest fell by as much a 30% pre-new year which corresponds to a necessary buy volume of 21 million shares. Yet, when we look at figure 6, the cumulative buy volume by short-sellers doesn't seem to come close.~~ (I'm retarded and don't know my months apparently) Additionally, by feb 12 the short interest was reported around 30% (according to marketbeat) which translates to an almost 100% drop in si. A drop that big would require an average short buy volume of 4.4 million per day (70 mil/16 days). Yet figure 6 shows data not even close to that figure. This would imply extremely high levels of covering between febuary 5th and febuary 12th which doesn't seem reflected in the price action over that period. + +&#x200B; + +What do the 'apes' say: Many individuals who are bullish on gme believe that this is evidence that the short interest data being reported is faulty in some manner. They believe that the low penalties for misrepresenting short interest are causing short hedge funds to underreport their positions. We all know that the short interest heavily affects the price movement of GameStop so this has some plausibility. Others suggest that the positions are being hidden through ftds or option tomfoolery. This is potentially less plausible because the reports specifically talks about ftds and it seems like they would have mentioned options if they could hide shorts. + +&#x200B; + +What do the gay bears say: Many gay bears have generally responded by arguing that the 'apes' are seeing largely what they want to see. The report clearly states that the shorts covered and that the short interest is low (relatively speaking). Why would the SEC do something convoluted like make conflicting graphs? 'Apes' are being conspiratorial and are interpreting it wrong if they are getting such a bizarre result. + +&#x200B; + +What are your interpretations of this data? I want to move the dialogue from unhelpful comment fights to here. (Any math I do is meant to be generally illustrative not 100% accurate) + +Edit: Yeah the graphs are not in the same time period, but still looking at them and given that nearly the entire float was closed between jan 27 and feb 12. Figure 6 is still odd-looking. + +Edit 2: Figure 6 is a bit misleading because of the size of the candles. Keep in mind while viewing that there was a huge amount of volume during this period in the realm of 100 mil a day. Still significant, but that does mean it is less than one would first think. Additionally, in the notes it makes clear that this is not all the short buy volume just those from big players. Thanks to u/StonkGodCapital for raising that point. However, I would say that I still think it is odd that the report implies that so much covering (of almost an entire float worth of covering) occurred during the pre-February 12th, but post squeeze period despite us seeing very boring price movement in that period. +* **TL;DR: In June 2017, Seeking Alpha published an article about an "infinity squeeze" on now-meme stock Dillard's. Bloomberg terminals showed nearly 70% of the float was short. This was the same year that Carl Icahn and hedge funds began to short malls in CMBX.6 ("the big mall short").** +* **Many said Dillard's real estate properties were worth more than the company itself. This may have been 1 reason why Dillard's was shorted so heavily.** + +EDIT 1: Will be adding more info/edits to this post on and off. + +What brought me to this rabbit hole was reading u/fungiz 's post on Sears Canada today. + +https://preview.redd.it/d41co6ivvwh81.png?width=1013&format=png&auto=webp&s=ea032a62dc2c47fc953ceeb79df147916bf9325c + +After reading their post, I tried to dig into Sears Canada and its stock history in 2017-2018, around the time that it had been delisted from the stock market. + +I wasn't able to find much information on Sears Canada's free float that year (to determine whether it may have factored into heavy short volume and FTDs still showing up now, years later), but I did find an interesting 2017 article on a fellow meme stock: Dillard's. + +https://preview.redd.it/gx20a3fzvwh81.png?width=1093&format=png&auto=webp&s=07d817c48ab1e07055ce486eab3408963a840360 + +In July 2017, Seeking Alpha contributor Richard Pearson discussed how Dillard’s might be set up for “an infinity squeeze”, with several enticing Bloomberg Terminal screenshots to match. + +At the time, 9 million out of the total float of 12.88 million shares had been shorted. **This was nearly 69.9% (nice) of the float that had been shorted!** + +In August 2017, only a few weeks later, the company was also expected to buyback 1 million shares. This would have driven the short interest as a percentage of float even higher, perhaps to more than 100%! + +&#x200B; + +https://preview.redd.it/nnqduit4wwh81.png?width=635&format=png&auto=webp&s=cf05e8b834d2f3f3e6098bf71f41624235f7c6af + +Pearson compared the possibility of Dillard's short squeeze to the infamous 2008 VW spike: + +>“**Dillard's now appears perfectly set up for an " infinity squeeze " which could be triggered at any time.** The most famous example of an infinity squeeze was that of Volkswagen AG ( VLKAY ) in 2008…Hedge funds suffered estimated losses of as much as €30 billion that week, while Porsche reportedly made a profit of €6 billion …” + +&#x200B; + +https://preview.redd.it/6zfugbh7wwh81.png?width=989&format=png&auto=webp&s=cceca039cada829ae1db8e19d34a3bae08a8ca62 + +Coincidentally, one of the hedge funds that had been wrecked during the VW squeeze was Greenlight Capital. David Einhorn's fund had lost money in 2008 on VW, but had gone long on Dillard's in 2017. + +&#x200B; + +With Greenlight's acquisition of more shares in Dillard's, it may have even pushed the "effective float" to as low as 4.4 million shares able to be bought and sold on the stock market. + +&#x200B; + +https://preview.redd.it/kodtesr9wwh81.png?width=1014&format=png&auto=webp&s=61a52aee677db5db47dba81f6cf575e38256b31c + +You can track the historical FTDs around this time using the chart below: + +&#x200B; + +https://preview.redd.it/puyv2q0fwwh81.png?width=1002&format=png&auto=webp&s=c09f5da6ef9d41f16f8818a40f5f675ec15dd88f + +In the chart above, you'll notice that I included the market cap of Dillard's prior to the meme stock squeeze in 2021. + +&#x200B; + +Although I wasn't able to find out what it's short volume looked like around the time of Pearson's article, I did look up its short volume from early 2019 until today using data from Chart Exchange: + +&#x200B; + +[From January 2, 2019 until today, February 14, 2022, Dillard's short volume has hovered around 60&#37; consistently](https://preview.redd.it/42crzqqe0xh81.png?width=750&format=png&auto=webp&s=f05baaec5435ee083f621199b726159afcf783f3) + +But despite the detours of Dillard's short volume and FTD exposure around 2017, I was more interested in the commercial real estate angle from Pearson's article than even the retailer's obscene short interest. + +&#x200B; + +Why was that? **Pearson said that as of July 2017, Dillard's market cap was at $2 billion. On the other hand, Dillard's real estate (all of the mall space that it had been using for its stores) was worth well more than that at $3-4 billion.** + +The fact that Dillard's real estate was larger than the market capitalization of the company was a eye-opener to me. **I kept digging and found out that Ted Weschler, one of Warren Buffett's best performing managers at Berkshire Hathaway--went long on Dillard's in Oct. 2020 in part because its real estate was worth more than the company itself.** + +&#x200B; + +[u\/DMoneyFree discussed Weschler's acquisition of 1+ million shares in Dillard's here in the stocks subreddit](https://preview.redd.it/eidf4b6gwwh81.png?width=1122&format=png&auto=webp&s=e2bc81c9ed8c83d3837b6d54514bf21219561e7d) + +Weschler wasn't the only one to echo the real estate appeal of the company. In August 2017, mere weeks after Dillard's had a reported short interest of nearly 70%, hedge fund Snow Park Capital took a 2% stake in the company. + +&#x200B; + +Snow Park's analysts said that based on the valuation of its real estate ALONE, Dillard's was worth $200 a share. In fact, they suggested at the time that Dillard's should even discuss selling off its pieces of real estate to prop up its books. + +&#x200B; + +In addition, despite **operating nearly 300 stores, only 26 (!) of Dillard's were leased. The vast majority were owned outright. Snow Park called out the company for this, saying “Dillard’s is essentially an underleveraged real estate company…masquerading as a low productivity retailer.”** + +&#x200B; + +[From Pt. 4 of \\"The Big Mall Short\\"](https://preview.redd.it/ki49jjydxwh81.png?width=2964&format=png&auto=webp&s=768dc43fcdf0c041d46f41ae1d9dcdd34d9fa22c) + +One of the big reasons why Dillard's high short interest in 2017 stuck out to me is because it might relate to some other research that I looked at with respect to commercial real estate and the "big short" against mall loans in a bundle called CMBX.6. + +In a previous post, I had talked about how big players like Carl Icahn and Apollo Global–who tried buying GME in 2019-- alongside Mudrick Capital, Canyon Capital, and MP Partners all looked to short malls in CMBX.6. + +&#x200B; + +&#x200B; + +https://preview.redd.it/juga14rxxwh81.png?width=891&format=png&auto=webp&s=0aa70d8550b877f7fee8ee2f853fc905bdcfc2a6 + +After looking through the malls in CMBX.6, I found that GME showed up more than any other major retailer. + +&#x200B; + +Anchor store Macy's was 2nd, but Dillard's also showed up in many of the CMBX.6 malls that were shorted. + +&#x200B; + +https://preview.redd.it/mv8wmu2zxwh81.png?width=1025&format=png&auto=webp&s=0de8f522be41c41f2dc14dbaa77da701bc7d7641 + +Putting all this information together, we can see that in the same year that CMBX.6 was shorted in 2017, Dillard's also had heavy short interest at the same. **This was all happening as many knew that Dillard's commercial real estate was worth more than the company itself.** + +In either case, this was just another commercial real estate link I found connected Dillard's to meme stocks and the greater "mall loan"-slash-commercial real estate picture. **Based on both what we see here for Dillard's (70+% short interest), as well as previous Baker Street Capital slide decks and the Memento S.A. letter on Sears' high short interest (as high as 227%), it made me realize that commercial real estate factored heavily into both of their stories thus far.** + +On that note, finding this out about Dillard's will definitely make me want to keep digging into the commercial real estate side of the loans given to GameStop (some of which I've covered in previous posts) and hope to see if it factored as well into its heavy short interest pre-sneeze. + +&#x200B; + +* **TL;DR: In June 2017, Seeking Alpha published an article about an "infinity squeeze" on now-meme stock Dillard's. Bloomberg terminals showed nearly 70% of the float was short. This was the same year that Carl Icahn and hedge funds began to short malls in CMBX.6 ("the big mall short").** +* **Many said Dillard's real estate properties were worth more than the company itself. This may have been 1 reason why Dillard's was shorted so heavily.** + +EDIT 2: Words, bolding, pictures n shit + +EDIT 3: Editing this to be more clear, so it doesn't sound and flow like utter shit lol + +EDIT 4: Sorta conclusion added! + About a year ago I learned that my father who I never met died and I inherited his land, which by my request my family sold. I now have about $70k waiting for me when I turn 18. + Aside from owning a home and a car, my ultimate goal is to own a small bakery. What is any advice you people could give someone in my position to spend and/or grow this money so that I can accomplish my goals? + About a year ago I learned that my father who I never met died and I inherited his land, which by my request my family sold. I now have about $70k waiting for me when I turn 18. + Aside from owning a home and a car, my ultimate goal is to own a small bakery. What is any advice you people could give someone in my position to spend and/or grow this money so that I can accomplish my goals? +Hi there! Today I had an interview and got a job working at a fast food restaurant for $8.50/hr. I have a savings account and I have my paycheck set up to pay out there. I know this is a really broad question, so sorry if this is the wrong way/place to post this. I plan on setting aside 10% of what I earn for giving/charity/etc. What can I do (if anything) at my current age to help myself in the future? What should I try to set aside for savings, etc. I'd like to have money to pay for gas/general stuff. + +thank you so much! + +EDIT: I'm eligible for a 401(k) after 3 months of employment +My friend wants advice on how best to eliminate his 50k credit card debt. He's currently living off of social security, aged 71, supporting himself and his wife (was a housewife her whole life). The expenses that got him in this predicament are one-time events, he just didn't have the savings for them. Refinancing/HELOC is not an option for him. He is aware of the possibility of destroying credit, he doesn't seem concerned. This post isn't to request advice on how to curb spending habits, he's well aware he needs to live within his means. + +&#x200B; + +This is a request on how best to proceed forward to pay it down. He approached me to see if there's any credibility to using a debt consolidation service like national debt relief or one of their competitors. I did some research and found that they negotiate with creditors only after you stop making payments for a number of months to the credit card companies, and start depositing money in a savings account. This process destroys your credit, which he's prepared to do if it's the best strategy. He wants to know if there's a better way forward since he's on a fixed income, but lives on such a slim margin between his mortgage and living expenses, and his income. Is there an alternative method that some of you may have had success with? The minimum payments are far out of his reach as the credit cards in question are starting to go past their introductory interest rates. +I went from making Connecticut's minimum wage of $14 to making $15.25. I'm still broke as a joke, but at least I can say I make more than my states minimum wage. +So I’ve been trading live for about 5 months now and demo before that for 10 months while I worked on my strategy. I made profit 13/15 months so far with an average of 5% returns per month. Worst month was -3%, best month was +9% of account size . My risk to reward ratio is 2:5 and I have a stop loss of just under 2% account size per trade. Do you guys have any tips or recommendations? +Hi, I'm a very new to this and still learning. I also still go to college so I don't have that much capital to start but I was wondering how much money most people invested when they started doing forex. + +Thank you +So without giving away your golden goose strategy give us some hints and tips that you think many traders overlook? + +Volume(Tick data): Many people I think ignore this because they dismiss as not real volume. Evidence shows that it behaves the same as "real" volume. + +London breakout: To me as an intraday trader this is the best time to get into a trade. Every other time just doesnt give the clean moves. Sometimes NY open but its sporadic. +Hi, I recently just blew an account and it was due to a lack of trading rules and the inability to take a loss. My max loss per trade has been 1% which I absolutely could not accept - i sometimes moved my SL further down, to try and avoid the loss. Worked sometimes, often times didn't. With a 1% loss per trade 10 losing trades you would have violated the drawdown of the FTMO account anyways. + +I just wanted to know how y'all manage your risk? Heard some people use the ATR for it, multiplied by 1,5 or 2 and that's where their SL will be. Do y'all have any other ideas on how to put a good risk management strategy in place? +Hey Everyone, + +Pretty much the title. We are in 250-300k combined income, with just regular jobs. We have been to 2 different accountants in the last 2 years, and while it wasn't unsatisfactory, it wasn't overly impressive either. Each time, we came out of the room thinking we could have done this ourselves on MyGov. There was nothing that the accountant suggested that we didn't already know. + +I am I overthinking this? Or is a way I can find a good accountant that can guide us with things like Super contributions, stock purchases, children investments etc. +Who has used their credit card for their monthly spending and then paid it off from their offset account? Has it been worth it or is it too much hassle? +Good Morning Apes! + +Well holy mayo-slathered-hedge-fund-managers the gamma ramp this week is nuts! + +[Visualization of this weeks gamma ramp max pain at 185](https://preview.redd.it/ygs2dxqwfyc71.png?width=2278&format=png&auto=webp&s=416d62d1524e36e050c4ce3e382b10dd6907d8f4) + +So far it's been another week of HF fuckery but it looks like long funds and degenerate gamblers have set up quite the trap for the SHFs if they buy in as expected there are some rumors around 460k FTDs due today and the TA points to a hard bounce being possible. If we clear 200 we are shooting into the stratosphere. We may see some whales finally deploy some capital to achieve this today. + +*(A side note as I do have options positions, I may have to step away from reddit updates during high volatility. I will remain on stream and Discord live audio feed, I apologize for any inconvenience)* + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/on0b81/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172, 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, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market + +Well we broke another record lowest volume day in the last 3 years closing at 1.27M. But on the good side green and slightly above max pain for today. Thank you all for tuning in this week the support and lover are truly felt. Look out for this weekends DD on Sunday. + +\- Gherkinit + +https://preview.redd.it/fsn430ksq0d71.png?width=719&format=png&auto=webp&s=73dbe6113b4223d93ab5dd4136a34ced115e8904 + +Edit 7 3:02 + +Starting power hour off sitting right at 180 waiting for a push to trigger the ramp into close tiny rejection but it looks like we will re-test + +https://preview.redd.it/2knzsu92g0d71.png?width=1594&format=png&auto=webp&s=ac706c5b5d919bb60c6be36bfd41be89d78a1e4d + +Edit 6 2:19 + +Watching the whale war go down is entertaining but 800k daily volume is disgusting + +https://preview.redd.it/8fb7cey980d71.png?width=1590&format=png&auto=webp&s=6eecea5e76062ce6fb59d21a7a90386550f54957 + +Edit 5 1:30 + +Failed the test drooped back down to VWAP bouncing a bit now. + +https://preview.redd.it/f3tl5zz9zzc71.png?width=1598&format=png&auto=webp&s=314b2bf2f27e9cc99a87523bc8f8575d69ada06e + +Edit 4 12:30 + +Don't worry just testing 180 and some additional pickle manipulation + +https://preview.redd.it/ju9l79yrozc71.png?width=1592&format=png&auto=webp&s=2fc7cd58cac91f821764266c581f97da3265f7a1 + +Edit 3 12:04 + +Failed the test at 178 bounced on VWAP and coming in to test again 12-2 is the best time for longs to deploy capital and gain full advantage of the ramp. So the next 2 hours could be interesting, although I don't expect much as our volume right now is 200k lower than yesterday at the same time + +https://preview.redd.it/j861mykbkzc71.png?width=1380&format=png&auto=webp&s=01e666235a6a0833c2f53ab316e965d8d78f8fc8 + +Edit 2 11:28 + +Crossing VWAP with a bit of volume coming in. To take full advantage of that ramp they will want to kick things off sooner rather than later + +https://preview.redd.it/lc5hv3wrdzc71.png?width=1590&format=png&auto=webp&s=194a28ae6333e83e5e7c97f818eda8ec56c7586c + +Edit 1 9:50 Dip then a failed test at 180. Calls still coming in. + +https://preview.redd.it/s7k9pwbdwyc71.png?width=1589&format=png&auto=webp&s=934bea23e3a01fe5bea46842caa178fb9eb69a4c + +# Pre-Market Analysis + +Currently sitting just at 180 I would expect if the gamma ramp was to be taken advantage of today there would be a decent push at market open. Volume currently around 10k with 300k shares all of a sudden available to be borrowed... + +[GME Pre-Market](https://preview.redd.it/7qd6prizhyc71.png?width=1596&format=png&auto=webp&s=50c12aa30d44e1a0d0fad175e977944c1c52e12f) + +Here are the contracts for the weeks so far on GME + +[You can see there was a pretty strong push down yesterday ](https://preview.redd.it/7nj73of6iyc71.png?width=362&format=png&auto=webp&s=a339a0cc26d7f5e130f7161919893c3cd7332f43) + +MACD is about to crossover still all week with the signal line tip touching, so far it's just been a big tease. Additionally, set up for a bounce on the weighted VWAP and a breakout to the next resistance zone. + +[GME 1D Timescale](https://preview.redd.it/wuf9lem1jyc71.png?width=2456&format=png&auto=webp&s=73a9eb87761a503c253414c727721cacdc19f000) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +So, my partner's father has very graciously offered to gift us £25k as a house deposit. I'm beyond chuffed, obviously. We started our LISAs a while ago and have put aside about a grand. Here's what I already know: + +* We want to shove the £25k into our LISAs until they hit the 1 year mark (March 2022) to allow it to accrue some bonus and ensure the £1k we saved ourselves doesn't get wasted. Also, we're both due payrises and bonuses before then, which can also be funneled in. + +* From looking at the local housing market over the last few weeks, it looks like our ideal minimal house is likely going to cost about £180-190k. + +* I realise we're going to need to engage a mortgage broker, probably in the early parts of the new year, who can give us a realistic idea of what kind of mortgages we can get. + +Here's the parts I have no idea about: + +* Aside from the deposit, how much "other" cash do we roughly need? I know we'll need a variety of one-off payments, plus anything we need for/done to the house... But I have no idea how much, even roughly, all of it will be. How much is a realistic sum for just the mandatory fees and inspections? £1000? £1500? + +* I have some severe doubts about affordability. Our combined income is only about £48k. I know that annual x3 is the broad rule, but this puts us several tens of thousands below our needed amount... I appreciate only a broker can give us a final answer, but how likely are we to fall short of our needed LTV? + +* My credit rating is poor, and my partner's isn't particularly stellar either. My issues come from severe debt problems in my 20s (the debts are significantly less than they were, and being paid off at good speed, but won't be gone for a year or two yet), while my partner has just mostly never used credit. I know mortgages, as secured loans, aren't as severely impacted by credit rating as some things... But is my credit rating likely to be an issue here? +I have had a lot of business success and travel a lot with work. + +Most evenings and even lunches, it is 'a celebration in my honor', and people pour wine or champagne or whatever, and it feels like I am insulting people if I don't drink. Like I'm saying 'you aren't special, I only drink with others'. + +Then when I return home, my girlfriend will greet me with some wine, as the 'finally we're together, let's celebrate', and it seems rude to just have sparkling water. + +It has really become too much, so I am looking for some good excuses to pass on the drinks and ideally limit it entirely to just Friday and Saturday nights. + +Have any of you faced the same problem, and found a good / half-decent solution? +Transferring a small amount of GME over to Fidelity from E\*Trade. Just got a call from an agent "did we do something to piss you off"? The guy seemed frazzled and curious about the transfer. I told him its a small amount and there might be more to come. Maybe, just maybe they don't even have the shares. + +https://preview.redd.it/27ald9ur8ft71.jpg?width=1486&format=pjpg&auto=webp&s=5d5a496a90f85cd85171ed076a3c2be6e6318f48 + +Edit: the 500 shares transferred today. + +Next stop CS +Hi there! + +My parents lost everything about 10 years ago and split up. My Dad hasn't been able to work and lives with his Mum, my Grandmother, in her flat. My Mum rents a bungalow for my over-18 brother. Neither of them have a penny to their name. + +Not owning a property stresses them and me out no end. I'm wondering if there is any kind of a mortgage that they'd be able to apply for. Both of them have some money in their pension that would allow them to use as a deposit on a property. I'm not looking for them to own a property so that I get an inheritance, it's just that my grandma could pop off soon (89 years old) and her mortgage is equity release so my Dad will receive little in inheritance from her. I want them to own a property so that they have security. My Mum's salary is about £30k. + +I've been working my arse off to try and buy them both a place (even if they have to live together) but I'm only 24 and my partner wants us to buy us a flat/house first (put your own oxygen mask on first). + +Additionally, I've been bailing my family out of financial fires since I started working at 16 and I'm tired and I just want to see them in a property in which they can live comfortably and securely, even if when they retire I have to cover the mortgage payments for them until they pop their cloggs. + +They're 58 & 60 respectively. I'm exhausted and any answers would be very much appreciated. + +Thank you +It's like you can't even add \*\*\*\*ing question marks at the end of your topic title without it getting auto-modded and removed. + +And there seems to be a billion key words that they added to the auto mod policy that removes your post. I made a topic that was getting some traction and then it gets deleted because I made a quick edit. I honestly don't know what it was. Y\*\*Tu\*e? S\*\*\*\*ng \*\*pha? + + At this point i'm pretty annoyed am considering just moving to the other place (I guess s\*br\*\*\*\*it and r\*s\*\*ks are banned words? Jesus). The rules are more lax. The quality of posts are pretty much the same as here. + +I literally had to edit this post 5 different times, each time deleting different paragraphs and rewriting it because there seems to be key words that are banned that doesn't even make sense on why they're banned. +For those who are not partnered/married or have been single for multiple years and are still single, what has your FatFIRE experience been like (e.g. hobbies, activities, personal fulfillment)? Do you long for a relationship or are you content being single long-term? + + I'm sure the experience as a single person is very different than as a married person. +I have the benefit of working in a high income career (300k+ in my mid-20s) but have to live in a VHCOL city. I definitely can't afford to buy apartments that I would live in given that fully-baked monthly ownership costs (mortgage+HOA+maintenance) is at least 2x rent rates here. Given the spirit of fatFIRE, I'm living in a nice place, not being very frugal (though still well below 20% of my gross income). + +That said, I could definitely afford to throw some cash into down payments for real estate properties outside the city in nearby LCOL areas that I think have growth potential. What I've heard is that mortgage rates and down payment requirements are much worse for non-primary residence mortgages, but aside from that, are there good reasons to not consider doing this before owning a primary residence? + +I'm generally well-diversified already between index funds and some private investments (work in finance so have access to private funds on a no-fee basis), but have no real estate exposure. The other alternative I'm considering is just buying REIT stocks. Any thoughts? +Instead of $25 minimum I pay $100 every month. I missed a payment only one time and haven’t since. I’ve been using my CC for almost all purchases I make and now I’m wondering if I’m using it too much? I was told to use it often so I did obviously within reason. + +I’m reading that having a balance is bad and I have one of ~$700, should I just pay all 700 next time (which I can do) or continue the $100 payments? (By doing this there’s always going to be a balance of some amount) My credit score is just under 700. I don’t pay my card until the end of the month or whenever it shows the min. of $25. + +Will my APR% go away or be lowered? +Hello, I have created a house affordability tool that can be used to help figure out if you and your partner can afford to buy a house that you might have in mind. I am looking for a property myself at the moment and I’m still pretty new to all of this. The tool is pretty basic but it should hopefully be useful for first-time buyers. There’s probably a lot of other things that I might have missed or anything that I misunderstood. If you have any ideas on how I could improve the tool or anything you would like to see, let me know. + +Here is the tool: [https://przemekmas.github.io/HouseAffordabilityTool/home.html](https://przemekmas.github.io/HouseAffordabilityTool/home.html) +https://www.bloomberg.com/news/articles/2017-08-30/bitcoin-exchange-sees-complaints-soar-as-users-demand-money + +You think if you make 1mm its going to be super easy to get that out in 10k chunks every week where half the time coinbase tells you to fk off. +i see a lot of youtubers and people on here encouraging people to chase after stocks with high dividend yields with a history of paying out dividends and it's crazy to me that people actually believe this, if a person has 100,000 in dividend rich stocks with decent yields (say 4 percent) they are only making 4,000 dollars a year in dividends which is not all to good especially considering high dividend yield stocks have a history of being more volatile than non dividend stocks. i feel like warren buffet was correct on this issue when he decided that berkshire hathaway would not pay out dividends bc the money could be used better in the company itself to seek higher growth. just my opinion, what do you guys think? +Hi all. As a fellow investor I've been doing my fair share of research into the market, and recently have stumbled upon collateralized loan obligations and have found how starkly similar they are to collateralized debt obligations, which caused the 2008 crash. Now I'm more of a novice but I've been seeing companies use their equity in heinous ways. Instead of investing into new opportunities to increase long term profit they're just doing share buybacks even when stocks are at all time highs and demand is up. They're essentially turning equity into debt to push up their value. And the bonds that are being taken to cover this are becoming more and more risky. Last year more than half the bonds taken by companies to cover buybacks were BBB, the riskiest possible. It may not happen for a few more years, but I feel that the warnings signs are here for a major collapse in the global economy. + +&#x200B; +I'm not going to give you a wall of text that you will probably skim through, instead I'd like to show you 4 graphs that I've studied at length which I feel depict my thesis in shortest amount of time then provide brief explanations + +**Thesis-** The stock market is at an unsustainable high valuation and when tracking historical times of similar booms we see a sharp pullback in the years following a squeeze of like magnitude. High speculation coupled with total uncertainty in rate tapering timing will lead to a 30+% correction in the summer of 2021. Retail spending will be at ATH, supply shortages will be at ATH, and inflation levels will spike to 2009-2010 levels. + +**Graph #1 - Bank Of America Global Research Sell Side Indicator**\*(this charts buy and sell signals based on 15year averages)\* + +[Currently we are less than one point from a sell indication(blue line nearing red line). In history, corrections occur directly following a sell signal call.](https://imgur.com/ea41EXC) + +**Graph #2 - VIX/VXV**\*( the VIX is a real-time market index representing the market’s expectations for volatility over the coming 30 days, the lesser know VXV measures implied volatility three months out. One way to look at fear/greed is to use the VIX divided by the VXV: VIX/VXV ratio )\* + +[The current VIX/VXV ratio sits at 0.754. When the rate is about this low, vertical blue lines, returns for the S&P500 are often less than stellar. Namely, in 2012 the S&P500 lost 10-14% eventually. In 2015 the index stalled almost a year, adding a mere 3.5%, only to lose nearly 15%. Similarly, in 2016, albeit the pullback was shallow (-5%). In 2017 there were several <0.75 readings, and the market ignored those, gaining almost 20% since the first reading in August 2020 but losing at least 6% since the last <0.75 reading from December 2020. Besides, less low readings, like in 2018 and 2019, can still lead to 20% losses.](https://imgur.com/XeQzQOF) + +**Graph #3 - Fibonacci Retracement** *(Fibonacci retracement levels are horizontal lines that indicate the possible locations of support and resistance levels. It shows how much of a prior move the price has retraced. The direction of the previous trend is likely to continue. However, the price of the asset usually retraces to one of the ratios listed above before that happens. )* + +[The white lines are the resistance levels at 8 month intervals. The 5th sequence of the cycle usually results in the further move to the downside. Following this trend, the 5th wave would happen between july and september 2021.](https://imgur.com/a/xmDHd0A) + +**Graph #4- VIX Bollinger Bands** *( Bollinger Bands are curves drawn in and around the price structure usually consisting of a moving average (the middle band), an upper band, and a lower band that answer the question as to whether prices are high or low on a relative basis.* *The narrow bands suggest a period of low volatility. Widening bands suggest an increase in volatility often associated with a trending market environment )* + +[In the graph, we see the VIX(Tracks options volatility) at two time periods: 2008 Recession & Present Day. In 2008 we saw the VIX fall through 2009 and into early 2010 as the economy was bailed out. Bollinger bands leveled out at peak separation from top and bottom bands which led to a market sell off shortly after, further lengthening the economic recovery. Following this trend we are in the same cycle as post 2008 recovery, with the markets speculation growing towards a potential catalyst in the form of an interest, tax or wage rate hike.](https://imgur.com/ipurNzi) + +**CONCLUSION**: History shows us there is cycles to our financial nature as human beings, analysis shows us the cycle end is nearing. Overvaluation, abundance of cash, and supply restrictions will ultimately lead to a correction in anticipation of coming inflation. + +**PREDICTIONS** Federal reserve begins slowing asset purchasing in June and overvalued mid and small cap stocks will sell off to offset heavy weighted holdings( lowers taxes with realized losses), by July 4th news reports on lay offs from material shortages will begin, July and August will be red, and September-December will be a recovery back to 200 day moving averages. + +$SPY $350 & VIX $50 by 7/15 + +&#x200B; + +I posted a follow up to provide further insight on what led me to this conclusion - [see here](https://www.reddit.com/r/wallstreetbets/comments/n3lf3b/indicators_relative_to_the_impending_market/) +RKT is exploding higher after Jon Najaran calls it out on CNBC. Up $7.73 as of this post + +now over $8 - flying breaks $33 a share + +wow up $10 flying thru $34 a share + +just hit $36 + +$37 + +$39 - ho hum + +$40 - + +Today was great... I was good or lucky, I’m not sure but I do know I took some of my profit from today and bought 100 share of AAPL +I started working towards FIRE before I even knew such a thing existed. My spouse and I have been saving at least a third of our income since the first moment we had income and now we're about 5 years from hitting our very conservative number (we want 40x) + +I wanted to discuss my tax strategy with the group, hopefully as a learning exercise for those who are just starting off and also as a way to see if I'm missing anything. + +When I started working, my savings plan was pretty simple "Max 401k, Max Roth IRA, save any other money I have in taxable accounts" When Roth 401k became an option for me, I used it when I felt I had extra cash flow and used traditional when I needed a little more cash flow. I didn't have any real plan for how to access my money when I retired, and now that the time is approaching I'm figuring it out. I'm especially worried about the period of time in my 40's and 50's when Uncle Sam wants me not to touch my retirement accounts. + +Anyhow, here's my situation: + +* Early 40's +* ~5 years from retirement +* $600k in taxable investments +* $1.25m in traditional retirement accounts +* $850k in Roth retirement accounts +* FIRE number of $4m and $80k-$120k yearly spending target +* I'll have 2 dependents for the first handful of years of my retirement + +*Ideally* I would have enough in taxable accounts to just live off of those until I hit 59.5 and can pull money from my retirement accounts without any overhead, but I don't think I'll have enough in taxable accounts, and even if I did, there are better choices for helping my money last longer via conversion to roth. I'm also pretty fortunate that my taxable accounts have all different sorts of capital gains, so I could take out some money that's 80%+ gains, while other newer investments are only 20% gains. So at least for a bit, I'll be able to choose how much gains I pay for a given amount of money. + +Before I get to my plan, here's the tool I used from AARP to confirm numbers (I'm also using the current year's number, but obviously I'd adjust to the actual tax situation in the year I encounter it): https://www.aarp.org/money/taxes/1040_tax_calculator.html + +**THE PLAN** + +My plan is to just not pay taxes (legally!) for the first ~15 years of my retirement. This has obvious advantages because money goes a lot further if you get to keep it all. + +**The Plan: Live on $100k+ a year and pay no taxes** + +The calculator above is our friend, but basically I can make use of the fact that long term capital gains tax is *very* low if you have a low income combined with the high standard deduction, child tax credits and a bunch of Roth conversions to control how little tax I pay (I plan to leave the money in the Roth for the minimum 5 years, but ideally until I run out of taxable accounts or I otherwise need to access it). For the first ~3 years while I still have two dependent children my yearly zero tax numbers look like this: + +* Convert $72k from traditional to Roth IRA. +* Sell ~$100k worth of investments that have ~$39k capital gains + +With standard deduction and 2 kids I will have an AGI of $111,000 and $85,900 of taxable income, $6000 in taxes and $6000 in tax credits. Total Federal taxes due: $0. + +Once my kids age out of being kids, if I want to keep paying $0 in taxes, I'm going to have to drastically cut back on my conversions. With no kids, I lose tax credits, so I can only convert the standard deduction amount of $25,100. But this has an amazing silver lining, since all of my taxed income would be capital gains and as long as total taxable income (after deduction) is under $80k, the long term capital gains rate is...0%!!!! If I can't or don't want to sell $80k of capital gains worth of long term investments, I can instead increase my conversion amount by how much capital gains I don't use and only pay the 10 to 12% rate on that extra money. + +So in years without dependents, I can live large on my taxable accounts, pulling $80k of long term capital gains while socking away $25,100 into my Roth. If my $80k in capital gains results in more than I want being pulled out of long term investments, I can just go and put the rest in another taxable account, having allowed me to zero out those capital gains for no cost! + +Results of this plan: $0 in taxes paid, ~$100k a year to live off of and approximately $500k moved into Roth. This should drain my taxable accounts (unless I get really lucky) but by that point, I can take out any of my conversions tax-free (as you can for all Roth contributions, see Roth Conversion Ladder for more information, although I won't be doing a standard ladder). + +**Advice for people starting out** + +Having a mixture of taxable, roth and traditional is really useful, especially if you are going to retire before 59.5. I feel like I really underfunded my taxable accounts, because that 0% capital gains hack is amazing for this period of your early retirement life. If I could do it again, I'd probably look for a more even split, 1/3rd in each. Of course, a lot of this depends on when you are going to retire. If you are retiring earlier, you'll probably want more taxable accounts. If you are retiring later, more roth/traditional accounts will be better. + +I feel like I'm rambling now, so let me know what you think, if you think I've missed anything or if you have any suggestions. Also play with that calculator, it is pretty great. + +**TL;DR**: If you can control where your "income" comes from, you can make use of the tax law to have a pretty good income while paying $0 in taxes, unlike those schmucks still working and getting w-2s. Also, this calculator is great for planning: https://www.aarp.org/money/taxes/1040_tax_calculator.html + + +[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!* +Bitcoin has a 1% short interest. GME had a 140% short interest. That's how the squeeze worked there. Also, bitcoin has a $600B market cap, and most/all of the shorts are done with futures/CFDs that could maybe be cancelled. So it wouldn't work with BTC. + +Also, this is an insult to Bitcoin. Bitcoin does not need your help with some kind of artificially induced pump or scheme. Bitcoin is not a meme stock to toy with. Bitcoin is the future of money. Bitcoin actually has fundamentals and networking to support its price growth. In 5 years, Bitcoin will probably still be holding this level or higher and going up. We don't need investors hearing that bitcoin is a game and has to be manipulated in order to go up. + +So please leave your wsb autism at the door and stop comparing bitcoin to gme in any way or suggesting a "short squeeze" play. + +Of course, if you like the coin, then feel free to buy and **💎** 🙌 **💎** 🚀 🚀 🚀 🚀 🚀 + +### +There is a lot of speculation around TA and if it works or not. I wanted to share a simple trading strategy with YDT results. All it does: enters on EMA 13x50 Cross Up and Exits on 13x50 Cross Down. + +**The Setup** + +$SPXS EMA Cross on 3min bars + 1.5% Trailing Stop Loss + +$SPXS is '“Direxion Daily S&P 500 Bear 3X Shares ETF” (-3x of $SPY) + +[EMA Setup](https://preview.redd.it/znv9bsnzcm891.png?width=2294&format=png&auto=webp&s=01e85201b2991b99d27996c93ebeebb75ea2a530) + +\~160 trades this year; almost 80% gain YTD + +[YTD Performance vs. $SPY buy&hold](https://preview.redd.it/al3626dhcm891.png?width=2280&format=png&auto=webp&s=950762e22e183935aeb3b177ec39c8b5ffb49a13) + +This week trades: -2% today but no complaints overall + +[This Week Performance](https://preview.redd.it/mljzbxylcm891.png?width=2304&format=png&auto=webp&s=9a769a74649b49c977b4e4048cb41b1750732a79) + +[Examples of Trades](https://preview.redd.it/sdxzzpxmgm891.png?width=2900&format=png&auto=webp&s=66b8972ff948ecc9dd2a037bc51ca9ed6d737839) +There is a lot of speculation around TA and if it works or not. I wanted to share a simple trading strategy with YDT results. All it does: enters on EMA 13x50 Cross Up and Exits on 13x50 Cross Down. + +**The Setup** + +$SPXS EMA Cross on 3min bars + 1.5% Trailing Stop Loss + +$SPXS is '“Direxion Daily S&P 500 Bear 3X Shares ETF” (-3x of $SPY) + +[EMA Setup](https://preview.redd.it/znv9bsnzcm891.png?width=2294&format=png&auto=webp&s=01e85201b2991b99d27996c93ebeebb75ea2a530) + +\~160 trades this year; almost 80% gain YTD + +[YTD Performance vs. $SPY buy&hold](https://preview.redd.it/al3626dhcm891.png?width=2280&format=png&auto=webp&s=950762e22e183935aeb3b177ec39c8b5ffb49a13) + +This week trades: -2% today but no complaints overall + +[This Week Performance](https://preview.redd.it/mljzbxylcm891.png?width=2304&format=png&auto=webp&s=9a769a74649b49c977b4e4048cb41b1750732a79) + +[Examples of Trades](https://preview.redd.it/sdxzzpxmgm891.png?width=2900&format=png&auto=webp&s=66b8972ff948ecc9dd2a037bc51ca9ed6d737839) +For me it’s Tesla. They were a disruptor in the automotive industry but their QC is getting quite poor and dare I say it, other brands are starting to make superior products. I definitely don’t see their reign lasting forever. + + +Edit: This has been super interesting now that it’s gained a lot of traction so I wanted to clarify a few things about my stance on Tesla. + +Yes I know Tesla leads the market in self driving, but they may not forever. No single tech company dominates the market for forever, so who knows how long their run might last, could easily go on another decade or two but I sure wont bet on it. I do think they have two huge strengths, however. 1) The ability to keep up with demand better than almost any other automaker and mass produce electric vehicles 2) Brand loyalty, almost like Apple in a sense. With all that being said, their P/E is absurd and I feel like one day the stock may be exposed for what it is. Does that mean I’m willing to short it? Not at all, I’ll just never directly buy any. + +Some of these answers have been amazing, and made me realize I’d buy Tesla way before a few other companies. Not sure why it came to mind before HOOD, TWTR, WISH but I wouldn’t touch any of those with a ten foot pole. +Meta Platforms Inc., the owner of Facebook and Instagram, said it **will freeze hiring and restructure some teams in an effort to cut costs and shift priorities.** + +Chief Executive Officer Mark Zuckerberg announced the social networking company’s freeze during a weekly Q&A session with employees, according to a person in attendance. **He added that the company would reduce budgets across most teams, even teams that are growing, and that individual teams will sort out how to handle headcount changes — whether that means not filling roles that employees depart, shifting people to other teams, or working to “manage out people who aren't succeeding,” according to remarks reviewed by Bloomberg.** + +**“I had hoped the economy would have more clearly stabilized by now, but from what we're seeing it doesn't yet seem like it has, so we want to plan somewhat conservatively,**” Zuckerberg said. A Meta spokesperson declined to comment. + +Meta's further cost cuts and hiring freeze are its **starkest admission that advertising revenue growth is slowing, amid mounting competition for users' attention.** Meta said earlier this year that it was planning to slow hiring for some management roles, and had postponed handing out full-time jobs to summer interns.  The freeze was necessary because “we want to make sure we're not adding people to teams where we don't expect to have roles next year,” Zuckerberg explained. + +Zuckerberg had warned in July that that Meta would “steadily reduce headcount growth,” and that “many teams are going to shrink so we can shift energy to other areas.” Priorities internally include Reels, Meta’s TikTok competitor, and Zuckerberg’s futuristic plan for the internet, known as the metaverse. Meta had more than 83,500 employees as of June 30, and added 5,700 new hires in the second quarter. Zuckerberg said the company would be “somewhat smaller” by the end of 2023. + +“For the first 18 years of the company, we basically grew quickly basically every year, and then more recently our revenue has been flat to slightly down for the first time,” he told staff Thursday. + +During its first-quarter earnings call, the company said annual expenses would be roughly $3 billion lower than initially projected, trimming an estimated range that had been as high as $95 billion.  In prior moves to reduce spending, a dual-camera watch the company was building to compete with the Apple Watch was shuttered. + +Source: [https://www.bloomberg.com/news/articles/2022-09-29/meta-announces-hiring-freeze-warns-employees-of-restructuring](https://www.bloomberg.com/news/articles/2022-09-29/meta-announces-hiring-freeze-warns-employees-of-restructuring) +The fact that the market absorbed the dump at 6k USD shows there's enough bulls out there to withstand almost anything. This news could be the start of a huge, huge bull run with potential implications of mass adoption +Hi everyone. Long time WSB lurker and I've learned a lot here, so I'd like to give back and hopefully add some value to this sub. I think it’s worth spending a little time laying out my thoughts on why I’m investing in GME as an active early stage VC, and hopefully my insights can help people not paperhand before the real gains are made. I'll try to provide new insights that I haven't seen on this subreddit yet. + +Full disclaimer- this is my personal money I’m investing. Positions are 678 shares at a $39.81 average as a starter and looking to open a more significant position in the next few months once a few questions have been answered for me on things I’m looking to see (which I’ll discuss below). + +Obligatory rockets: 🚀🚀🚀🚀🚀🚀🚀🚀. If a few things happen, this goes to the moon regardless of a short squeeze. I'll explain why below. + +First, a quick overview at how most VC's do due diligence. + +**How VC's Invest** + +When we do due diligence on early stage investments (our Fund is a pre-seed and seed Fund with a few Series A deals), there’s a few things we look for, especially when evaluating growth companies in tech are as follows: + +1) What’s the market size? There are three types of market sizes investors look at; TAM, SAM and SOM. Feel free to look up how sizing these markets works if you aren't familiar, this is a long post so I won't waste people's time. The important thing to remember here is that **the larger the TAM, the more room for growth and competition and the more interest there is to invest in a space.** This is very important for GME and we will come back to why later. + +2) What's the CAGR? (Compound Annual Growth Rate). Basically, is the market expanding or shrinking, and how fast. Again, google this if not familiar. + +3) Experience of the management team- have they actually been there before and demonstrated an ability to scale and exit a company in this space? + +4) Unit economics- do the numbers make sense as this company grows? Is it actually going to be profitable? Every firm looks at these different. We look at CAC/LTV ratios and doubling time with tech companies. The TLDR of this is "how much money does it cost me to get a new customer, how long will they be my customer before they leave, how much money will they spend while they are my customer, and how fast can I double the money I spent on advertising to get that new customer ". + +There are a lot more things that obviously go into determining whether something is a good investment or not, but if there are red flags in any of these core areas a tech company is almost always uninvestable. + +**Now onto why after recent developments I think GME is shaping up to be one of the most attractive investment opportunities that investors have seen in these markets in years, but why many of you will miss out on the majority of the gains long term.** + +1 and 2) Market size and CAGR. As a gamer myself in spare time and a tech investor this is a market that hasn't even scratched the surface of how large it will get. Gaming is a market worth hundreds of billions, with an explosive CAGR as more young people grow up with gaming being a socially accepted activity and in many people's lives the center of their social experience. Most of you are familiar with this already, so nothing more to be said here. + +Now the question in the past was, is Gamestop capable of growing their share of this market? Until Ryan Cohen, the answer was no (and this is why the share price went down to where it was). Again, you all know this. But this leads to the second point of why it is now an attractive option + +2) Ryan Cohen. Not from an "excited about a memeing CEO" perspective, but from the most important thing to institutional investors- does he have a proven track record scaling and exiting profitable e-commerce businesses? Yes he does. + +Again, you all know all this and it is how the stock price got to here today. Everyone is sitting waiting and watching to see if there is a short squeeze (myself included), and there is a lot of hype and excitement. + +**But this is leading everyone to miss the forest for the trees because of the 4th point:** + +GME's Unit Economics have the potential to be best in industry, yet shares are priced at an extreme discount to revenues currently. + +I'd encourage everyone to check out this article talking about how companies with strong growth are normally priced by tech investors by one of the A16z partner. [https://a16z.com/2020/08/17/role-of-entry-multiples-in-valuations/](https://a16z.com/2020/08/17/role-of-entry-multiples-in-valuations/) The article is titled "why entry multiples don't matter" and helps entrepreneurs understand how valuations of companies can make sense for tech investors. + +The short of it is for all the WSBers who can't read: if you have more growth, you get a higher multiple because you will have the potential to produce far more dividends faster, especially in high margin tech companies. + +So what is fascinating about GME? + +**If I was presented a new company that had just driven it's e-commerce revenues 300%!!!!! YoY, operating in a several hundred billion TAM, backed by investors and management who had grown a company in the same vertical to hundreds of millions in annual subscription revenue, and with a strong balance sheet and distribution footprint and a widely recognized brand, 20x topline revenue in the early stages would be considered a steal to invest at.** + +Instead, GME is priced at a $2.8B market cap, less than half of annual revenues. + +This is an unheard of valuation for a growth company to be trading at a discount. + +So why is GME underpriced, and why did so many people (myself included) not see or continue to not see this opportunity until now? If it's such a good opportunity, why are shares so cheap? + +**Most investors are looking at the legacy Gamestop business that has existed for the past decade instead of treating GME like a new startup (CHEWY for Gaming).** + +If Ryan Cohen can transform GME into a subscription-based membership model where in exchange for your monthly fee you have a one stop shop to all things gaming discounted, you have a company that could easily be valued at a 10-30x multiple on top-line revenues. However, because most investors outside of this subreddit still view it as a traditional brick and mortar play vs. a subscription focused tech company with omnichannel growth strategies, they think a bubble is forming and are shorting it instead of buying in. + +**So why am I not all in yet but why am I excited?** + +The most important thing yet to be understood is what does the customer value proposition look like under the new direction Ryan Cohen takes GME. Most large investors will be waiting to see how over the next year the balance sheet is strengthened for growth, what new revenue models can be implemented, and to see if there has been a true pivot from brick and mortar. + +This is a company that if management can execute on correctly, most large institutional investors will be clamoring to get a significant stake in and grow it because the gaming market is here to stay and grow. Bear arguments that digital game sales will hurt GME miss the entire point of the pivot. Ryan understands this and wants to instead bring the whole gaming experience in house- everything you buy you want to buy from GME because you're part of their membership program (again think Costco). Those programs are insanely profitable and if the unit economics show that to investors as the company pivots the valuation will soar immediately as people realize it's Amazon Prime, not Blockbuster. However, it is yet to be seen if they can execute on this vision, which is why I am not all in yet. + +There is still long term risk which is why this stock is still low. Not a lot but there is some. + +Maybe the company doesn't grow? Maybe they reject Ryan's vision? + +But here's the bottom line. + +If a shift to digital first does occur, and GME becomes a subscription first omnichannel gaming company, the market cap will conservatively be 10x topline revenues. + +Let's say that stays flat next year at $5B. + +This market cap (matching industry standards) **should for an appropriate valuation for a growth stock be $50B.** + +I know this sounds insane. But if Ryan can complete the transformation he is hoping for this is a very conservative valuation. + +A $50B market cap would be $800 a share right now. Again, this assumes Zero topline revenue growth. If revenue begins to grow again 10x will be unrealistic and the multiples will get far higher. + +This is why the short squeeze is distracting many. **In 5 years if you diamond hands this company, the fair value of shares can range from $800-$2400 and not be in any sort of bubble or unjustified by fundamentals speculation.** + +TLDR; this company if Ryan does what we believe he will may be one of the most undervalued companies this subreddit has ever discovered. Even if you take profits in a short squeeze, don't forget to keep shares for a long position because opportunities like this rarely come around. I imagine the short squeeze will allow them to issue more shares to strengthen the balance sheet, and the company has a fantastic launch pad to start from with the size of it's existing customer base, brand awareness, and revenue. If it becomes clear that GME will be executing on Ryan's vision even at a $10B market cap this will be a steal and I will open a full position then. I am waiting to expand my position to see what happens with the pivot, as this all goes out the window if GME rejects his strategy. + +As always, do your own DD but I have learned a lot about options from this sub and hopefully this helps a few people understand why selling shares may end up being the biggest regret of their life. **GME's business model has the potential to look just like Amazon's with a focus on the gaming industry and these shares are only at this price because the market is still looking at the old company and not the new startup that GME could become. + +Edit*- I wrote this prior to the squeeze that happened. You all know the explosion the price saw. My diligence was written for those investing under $40. I’ve gotten a lot of DMs. My thesis has not changed that this was a discount at the time I wrote but I am not opening a significant position until I understand what Ryan Cohen’s vision for a turnaround is. I am also not holding at the moment and had taken profits last week when I couldn’t justify the market cap for the current company under any circumstances and it began feeling like a pump and dump. I will be looking to reopen my original position between $20-$30 and then look to see what the vision for the turnaround looks like before adding more. This is in no way financial advice and do your own diligence. I stand by my long term vision for this company IF and only if I like Ryan Cohen’s turnaround plan and pivot to a business model with attractive margins and potential for strong growth. +Was reading this article on FreeFincal yesterday: https://freefincal.com/sundaram-select-mid-cap-fund/ + +Check the last chart. SIP in Sundaram Select MidCap fund, started in 2006, and value in 2013 is nearly equal to same as the invested capital. + +Equity really tests your patience. +Article about how PPFAS invests in its own fund... few days back there was a discussion about PPFAS but this important aspect was not discussed I believe.. + +> Around 18th Century BC lived a King named Hammurabi who instituted a social law now known as the Hammurabi's code. It is the one of the first evidence of law ever written down. One of the principle features of the code was about the builder - If a builder built a house for a man & the house collapses to cause the death of the owner, then the builder has to be put to death. + +> Such a punishment seems incredibly harsh especially when there can be many reasons for the collapse. But with such a heavy downside in place, the builder has absolutely no incentive to cut corners in constructing the house. He has to use the best materials & the best building techniques to build the best possible house which will last for a long time. The builder literally has his own skin in the success & longevity of the building. + +> This type of a system ensures a very strict moral obligation & not just a professional responsibility. How could this same moral obligation be translated to the fund management business? + +> The same could be extended to money management. There are two kind of money managers... + +> The first kind manages your money for a fixed fee, without investing along with you. In other words, he does not lose, even if you lose. +> The second kind strongly believes in the scheme that he is managing, and hence invests his own money in it. Hence, he usually wins only if you win. This is known as having 'Skin In The Game’. + +Having 'Skin In The Game' results in: +1. Your fund managers behaving prudently. +2. Their financial interest being aligned with yours. +3. Them having less incentive to cut corners. +4. Them having more than merely reputation, at stake. +5. We have our own Skin in the Game! +6. Ideally, in the fund management profession, one way to instill a sense of accountability is to ensure that the Fund +7. Management team is investing their own monies along with those of the clients'. At PPFAS Mutual Fund, this ideal transcends into reality, as the key stakeholders in the Fund have invested in the scheme. +8. Total number of units held by 'Insiders' in the scheme as at March 31, 2016 is 4.92 Crores. This amounts to 12.91% of the current AUM. (latest - "The market value of these holdings as on 27-06-2019 is Rs. 121.83 crores. . This amounts to 6.17% of the current AUM." figures: https://amc.ppfas.com/schemes/disclosure-of-insider-holdings/index.php#holdings). +9. Having our own skin in the game demonstrates the willingness to link our financial well-being with yours. This also places an implicit onus on us to make optimum use of our time & abilities. + + +By investing in our scheme and disclosing it every month, we believe that this one disclosure will serve to inspire greater confidence among our unitholders, than thousands of tomes of assurances ever can. + + +https://amc.ppfas.com/cm/how-the-hammurabi-code-applies-to-mutual-funds/fb/index.html +Recently there have been a lot of pressure for the new generation to work on a side hustle and possibly turn it into a full time job. More and more people are trying to start making a living online seeing stories of how some young individuals have managed to become millionaires just by doing stuffs like dropshipping, funnel design, copywriting, e-commerce etc. I have been swing trading for sometime and to be honest haven't been profiting consistently. The learning curve is so much steeper compared to the other side hustles I have mentioned here. Now I am trying to get into day trading, but is it really worth my time considering the higher risks involved? Like should I go and work on something else instead? I have to admit the reason I got into trading in the first place is because I enjoy the thrill of buying and selling, and of course, being able to profit at the same time. Just wondering if all the time spent will be worth it in the long run. Thank you all in advance. Cheers. +So I love trading, love it so much that it hurts - literally. + +Not following a plan and over leveraging is what’s hurting - I can’t seem to stick to the plan and when I ask refined traders they tell me that “you need to find and embrace who you are in the market” + +But it’s painful, 6 months of losing equity. I’m hitting rock bottom and I don’t know what to do. + +How do I stick to a damn plan and build discipline? + +If you got bs to contribute, get! Real people with real experiences pls - much love +As the title says. I recently switched to a new physician and had blood work done. They managed to send the blood work to a lab not included in my insurance plan and I am now receiving a $1,500 bill, with $1,200 of it owed by me. What are my options? Can it be argued? + +EDIT: RIP inbox. Thank you to everyone for all the replies! I am currently awaiting a response from my insurance company, and will call the physician's office tomorrow. Hopefully something can be worked out.Again, thank you everyone! + +UPDATE: So after reading through the influx of answers, I've gathered my next move is to contact the physician's office rep and explain my situation. If they give me a hard time I'll stomp my feet and continue to refuse to pay until I get through to them. Thank you all for the support! +Global “Pump-and-Dump” Scheme Targeted Retail Investors and Generated Over $100 Million in Illicit Proceeds: + +https://www.justice.gov/usao-sdny/pr/ten-members-international-stock-manipulation-ring-charged-manhattan-federal-court + +This is just one of the juicy parts: + +>First, the defendants and their co-conspirators secretly amassed control of the vast majority of the stock of certain publicly traded companies that were traded on the over-the-counter (“OTC”) market in the United States. Second, the defendants and their co-conspirators then manipulated the price and trading volume for these stocks, causing the share price and trading volume to become artificially inflated, through coordinated trading and false and misleading promotional campaigns that they funded. + +I am *really* curious on which stocks on the OTC market were impacted. I wonder how many people on /r/pennystocks fell victim to it. + +The whole indictment is an interesting read, I recommend reading the full thing. +I've never owned a car before. My gf and I are planning to buy a car mainly so she can drive to work (she works shifts not in a convenient location for public transport). But we are both out of the loop when it comes to the best way to buy one. + +We want something that is small but not tiny, easy for her to commute in, cheap to run, maintain, insure. + +At the moment we are considering a new Toyota Yaris Hybrid. Logic being its relatively affordable monthly - £280 (and we have enough for the deposit). It also seems to be a good rate of interest 1.9% APR on PCP. + +My question is not really whether to buy a car but how best to go about it so I don't get ripped off or can get the best deal possible? My understanding is that it's a really bad time (historically) to be buying a car. Dealers aren't flexible with prices etc? TV shows I used to watch as a kid had people going in and demanding free mud flaps and tanks of fuel! + +Our current thinking is: +Get a new one because second hand prices are not that much cheaper (if at all!) and it's less likely to need maintenance in the near term. 2nd hand PCP deals seem to have APR ~9%. + +Are there any red flags I should look for if going direct to the Toyota dealership? What questions should I ask? Should I pretend we are just thinking about it rather than set on one of their cars specifically? Are some days of the week/month better than others for catching a salesperson? + +Also; are there any costs to car ownership I'm forgetting?! +- Car repayments +- Insurance +- Road tax +- Fuel + +Many thanks! + +Edit: Overwhelmed by the response, thank you so much - I've got a weekend's reading ahead of me! + +In terms of our financial position, we probably could buy a car we want (second hand or new) outright for ~20k. My logic for considering a <5% PCP was the opportunity cost (we'd be more stretched financially and I could instead put the lump sum in my Stocks and Shares ISA for the 4 years and (hopefully!) at least make 5% a year on it). Also the idea of spending £20k at once just makes my queezy, but I know full well getting a car isn't exactly a good investment... +Not to be political but based on the current "mindset" of what appears to be the masses, I am hopeful that everyone will buy, DRS, and hodl so everyone can achieve their goals. I believe a lot of us are in a similar position where we are tired of the current corruption and exclusivity of the current politics. Which is extremely ironic considering it is supposed to be inclusive. We just want to enjoy life and be left alone. I simply want to able to do my own thing and have enough F\*\*\* you money so I don't have to partake fully in society if I don't want to. I probably sound like the Unabomber but I swear it isn't like that. LOL + +Buy, DRS, and hodl. + +edit: Maybe Apes should start our own city in Wyoming or Montana....Ask for DRS proof before you can move in. +I love my family. However, my family and I are not on the best of terms. Today I woke up to my nightmare. + +After talking to my parents on the phone they started mentioning money and how they know I need help. Need help? How would they know anything about my financial affairs? + +It turns out my bank- SANTANDER has been sending all of my bills & bank statements to my mother and father who live on the other side of the country. + +Why would they do this? Well I had a family bank account with them about 4 years ago.(The company was called Sovereign back then) I closed this after spending a lot of money paying fees associated with the account. + +Once I got a job and started working earlier this year I decided it was time to open my first personal bank account. I was excited to move forward with my life. I decided to use Santander because they are local and have ATMs everywhere. + +I made the account and started receiving money in it. When I created this new account I made sure to use my up to date billing information. The next time I talked to my parents I was pretty shocked and upset. They had been receiving my mail from santander and knew exactly how much money I had earned and all the times I used my debit card. + +I was livid. I moved out and got a job to support myself and prove I can be self-sufficient. Now I have my parents all in my personal information like it's highschool again. + +Well, I went in person to the bank to ask them what had happened and to ask them to change the mailing addresses. +They told me my new bank account was still linked to my old family account in their system.They said they would make sure the accounts are no longer linked, change my billing address and that my family would no longer receive any mail from santander. + +Well I just got off the phone with my parents and they are still receiving my mail and they can still see every purchase I make. + +I am quite upset because when I went to the bank in person the woman at the front desk didn't seem to care at all. When i told her this was a serious breach of my personal privacy she told me she would change the addresses, but she kinda just brushed me off and called to the next person in line. I had this weird feeling she wasn't going to fix anything. Her manager noticed and came over. She made the changes herself... and I still have this problem. + + +I am worried if I go in and ask them to fix this problem that it will just happen again. Will they ever take me seriously? + +I don't know who else to ask. I feel so trapped. Any advice/help would be greatly appreciated. + +edit: locationbot asked for it I live in Boston and yes I really don't want to change banks. The amount of santander ATMs around me versus other banks ughh I really dont want to have to get another bank. + Every time I try to incorporate volume data into my algorithm profits and consistency go down. I know I can do better with my algo but its performing fine (40% in 9 weeks) without this data. Most info I find on the internet such as look for decreasing volume on an up trend to predict the trend weakening or vice versa literally has zero correlation to this being true once I've backtested this theory. I know I must be doing something mildly wrong but is it a big no no to just screw off with the volume analysis since it doesn't seem to be working in current market conditions. + +Edit: yeah volumes actually important +I don't usually cut my losses, nor have I ever made big losses in my portfolio, holding onto AAA rated balance sheet means fuck all when the stock price keep's getting crushed day after day... I have traded penny stock's and meme stocks, but this is by far one of the worse investment's I have ever held onto. You got to the casino and eventually green will appear, I think in March I did not see one fucking Green day, nor have I have seen a green week since buying my first parcel. + +\*\*If I was to buy BBOZ I would of still came out on top... + +https://preview.redd.it/j65rb7wwyhv61.png?width=1082&format=png&auto=webp&s=c48e53242e8d896cd1070f4b77cd592cb90b26d0 +The DD on MYE I did the other day was cathartic. Seemed to help me crystalize my conviction. Making my thoughts explicit also holds me accountable in future when the dust settles. + +That gave me the idea to do a DD here on a pick I did last year, am still holding, and I think is still an opportunity. + +Disclaimer as with anything here: I’m retarded. But you’re more retarded if you don’t do your own fucking DD, so fuck you if you think this is advice. But without further ado, I present to you… + +# Myer (MYR) + +**The Department Stores Question** + +Let’s address the obvious elephant first. Are department stores a dying business model? + +Answer: No. + +Pack it up boys we're done. + +That being said, a lot of department stores are going to go bankrupt and already have. If mature business models are all about market share, then it matters if the market gets smaller. Whether or not there is a market later on is the real question here, and I think that there will always be a market for in-person shopping. Further to this, I think there will always be a market for the anchor style destination stores with diverse home goods, clothing, and accessories. + +My opinion, yeah. But if you do not believe me, then it would seem instead the position is that that all brick-and-mortar retail is dead. Smaller specialty stores exist on foot traffic from the larger anchor stores. If the big anchor department stores die, it’s reasonable to expect the smaller shops to flounder too. Grocery stores are a pseudo anchor, but after you go grocery shopping you don’t tend to stick around, so it isn't quite the same. Ultimately the position is that online shopping accounts for more or less *all* consumer discretionary spending. + +I think this thesis has some merits. Online shopping has been a growing rapidly. Every year more and more people decide to take their purchasing online. That is true. However, to believe that online shopping will completely replace in-person shopping would seem to indicate that there are no inherent disadvantages to online shopping and conversely, no advantages to brick-and-mortar. + +Stepping back a level and looking it at a meta level. The pie of consumer discretionary is shopping and it’s not a zero-sum game. Online has increased its share. When it’s convenient to shop online, or when there are advantages to doing so (e.g. better selection of products), online will succeed. I think that’s why you see electronics and books really take off in that space. But there are also some real disadvantages to shopping online. + +* Example 1: I bought a pair of Olympic weightlifting shoes last year online. I really wanted try them on first, but these things unfortunately are not commonly held in stock in the normal shops in Aus. I ordered online figuring I can return them if need be. Problem is they were too small and it took me a long time to realize that. Well past the return date. Either way, it’s a fucking hassle to return shit too, whatever way you slice it. I would have preferred to buy it at a brick-and-mortar store so I could try different sizes and get the feel right. I just was forced online by the circumstances of the item, not my own preference. +* Example 2: I like fancy dress shirts. I own a good hundred or so. Having tried on and worn literally thousands of dress shirts, I know that size is only a very basic guide. Brand and cuts matter. Like shoes, you really really need to put a dress shirt on to know if it fits you or not. Maybe try a few sizes. I like getting to do this before I buy. This is the same for most clothes really. Slacks, jackets, not just dress shirts. And I am a dude. It’s much easier for a dude. For women, fuck me dead. +* Example 3: I once bought a few shirts off a company that sells them online. Presumably a pretty good deal price wise. No shipping. A lot of people recommended the brand in different forums. So I choose a few that seemed nice in the photos. They arrived. All good. But… I mean, I wasn’t entirely disappointed with what they looked like, but certainly I was surprised. Photos seemed much different. Then there was the fit of them. My shoulders were just not designed for the arm hole cut for these things. They looked great if I stood still with my arms at my sides, but otherwise were very uncomfortable. I’ve never bought shirts online since. + +In my own lived experience, there’s a place for brick-and-mortar. And I’m willing to spend a bit more if I don’t have to go through the hassle of returning shit in the mail and waiting weeks to finally get the shoe size right. Or end up with a dud of a set of shirts or clothes that I don’t like to wear. + +Then there is the whole other thing called browsing. Personally, browsing a website just doesn’t cut it. Until we can VR ourselves into a virtual shop front, I think browsing is only really possible if you’re in a store. + +I think online shopping works best if you know exactly what you want and you are just trying to find it. This is how I shop usually. I know what I want before I’m even in the store. I left my house to go to that specific store to find that specific thing. I don’t want to spend a minute longer doing anything else. + +My wife on the other hand doesn’t know what she wants. Half the time she goes to the shops and end up leaving with nothing at all because nothing really grabbed her attention. Why did she go to the store? Fuck if I know, but she wanted to “shop.” I guess I shouldn’t complain, because the other half of the time I see like 6 different charges from every known department store in Australia. I mean, I figure you could probably get all of that from one, but I’m evidently retarded. + +What about walking through the mall to find out about stuff you wanted but didn’t know you wanted? Aka. window shopping. This is typical during holidays when you don’t know what to buy and need some inspiration. How do you even do that online? I don’t think you can. + +What about going to the mall to go to the nice mid-tier restaurant that is based there? Then deciding to have a walk through the mall as part of the experience? + +All these things matter because it means that in-person shopping is a thing. The pie for shopping is being split between in-person and online, but there is always going to be a place for a brick and mortar because there are things that are annoying to buy online, there are things that are not practical to buy online, and there is the experience itself that cannot be replicated online. + +I would argue even further that the online and in-person dynamic is interrelated. Have you ever looked online for what you want and bought it in a shop? Or maybe vice versa? I certainly have done the former, in large part because I don’t want to wait for the shipping, or deal with the returns process as above. Online is as much an advertising platform as it is a virtual shop front in its own right. + +If at all anything, my point is that the idea that the department store is dead is a cliché and overblown idea. In-person shopping still has its place. The real question is not whether department stores will exist, but which department stores will exist. The slice of the pie of in-person shopping is shrinking without a doubt, so only the fittest and best positioned will survive. + +This is where we come to the question of Myer. + +**Profile** + +Everyone knows who Myer is, but if you are truly autistic: Myer is perhaps the most iconic name in Australia when it comes to shopping. Department store with over 100 years of history in Australia. Perhaps only Qantas could compete with it for the most well known Australian brand. + +They 60 stores around Australia in most of the major cities. Myer commands prime spots in many of the best malls in the country. And despite all the fuss about dying retail and so forth, they get millions of customers visiting their stores on a yearly basis and turn over billions in revenue. + +**Competition** + +Myer’s position in the marketplace is in mid to upper tier retail clothing and housewares. I think this is a good spot for them. It’s above the fray when it comes to the bottom of the market Kmart / Big W war to be the Walmart of Australia. + +David Jones is Myer’s real competition, but in some ways Myer side steps even that, given DJ tends to pitch to a hoity-toity crowd more so. Myer’s target demographic is much more solidly middle and upper-middle class. As such, I think Myer’s potential customer demographic is much larger than DJ and they face less of a threat of competition from DJ for customers. + +Furthermore, DJ is struggling, and while on the surface this would seem to indicate a flaw in the department store business model, I see it as indicating that Myer has weak competition, and is therefore better positioned to capture more of the market. + +On the flip side, DJ may find it harder to make headway with Myer’s customer base because DJ price themselves outside of the affordability of Myer’s target demographic. It’s easier to sell a bit down market than up. Myer could well be perfectly positioned to benefit from the demise of David Jones. + +Furthermore, and apart from all that, Myer in 2020 had 5 million ‘Myer One’ members, and they account for a large chunk of the revenue, so it would seem they have a solid and loyal customer base. + +**John King** + +In 2018, John King took over as CEO. His experience included reviving UK department store House of Frasier back in the late 2000s. A major part of that revival was building an online portal for the UK retailer. Unsurprisingly, under his leadership, Myer launched hard into the online space. + +Last year, Myer’s website accounted for close to 20% of the company’s revenue for FY20. It had grown by 61% off the prior year. COVID had a part to play in this increase, but the growth of its online footprint had been progressing rapidly and well before the lockdowns. The seeds had been planted 3 years prior and had been growing ever since. What COVID really did was demonstrate that Myer as a brand has legs outside of just being a bland department store in a mall. + +Recently Myer expanded on this theme by doing a deal with Amazon for click and collect. Time will tell whether that is a worthwhile investment, but it does potentially drive some foot traffic into the store, which can hardly be considered a bad thing, and I believe provides a further revenue stream for Myer. + +In addition to the online move, King was very quick to jump onto Myer’s dreary customer service problems in stores. Years of apparent neglect at executive levels led to arrogant staff that were difficult to even find on the sales floor. In the first year as CEO, King visited nearly every store in the country. He spent a day each week working the floor himself. + +He also took an axe to a bloated and top-heavy bureaucratic management team, slashing a large portion of the deadwood from the company. He reversed course on plans to expand the head office into expensive and under the circumstances inappropriately lavish high-rise. + +Similarly, King has taken many steps to reduce costs in the company overall by reducing some of the excessively large store footprints and exiting unprofitable product lines. He put a lot of focus into building up strong profitable brands rather than chasing net money losing sales. + +**COVID** + +Fast forward to the last 12 months. COVID has put every company through the wringer. Travel, Hospitality, and Retail took the brunt of it. These companies were essentially put through an intense and lengthy stress test. Companies that were in serious financial stress prior to the lockdowns were liable to fail. Myer did not. + +To be fair, they did post a loss, but it can be mainly attributed to impartments, aka intangible value changes. Looking at their cash flow Myer had top line revenue of 2.16 billion, gross profit of just under 1 billion (roughly 44% GP), and an EBITDA of 134.7 million. + +Their latest balance sheet shows them with 86million in cash on hand with receivables and inventory adding up to 407 million. That does look shaky with current liabilities of 659, but about 40% of that is debt which under the circumstances Myer should be able to juggle. No-one holding those bags wants Myer to fail. The fallout of losing an anchor store like Myer for places like Westfields and others would be significant. + +**Solomon Lew** + +This brings me to Mr. Retail himself, Solomon Lew. The guy is literally part of the World Retail Hall of Fame. Billionaire business man whose relationship with Myer goes back as far as his teens when he supplied dresses to Myer with his small clothing business at the time. He went on to become chairman of Coles Myer back in the early 00s before being ousted by the board. + +Since then, Mr Lew formed Premier investments. Premier is maybe best known for its retail brand Smiggle, but also owns Just Jeans, Peter Alexander, and several other well-known clothing brands. You may be familiar but Premier also trades on ASX under PMV. It's a $20 stonk. + +FY20 Premier had a record result, 29% up from FY19 despite COVID. The group generated 1.2 billion in revenue at a 61% gross margin. They’ve been growing and posting solid profit since the first year of operation. + +Why do I mention Solomon Lew? Well, he’s on the board of Myer. He has been for a while, and he’s been at odds with others on the board for most of that time. He launched a takeover attempt a few years ago to try to turn around the then sinking ship. + +His latest attempt to spill the board was at the end of last year. He was successful. One of the major institutional holders that had opposed him in the previous spill did an aboutface. And while there hasn’t been a lot of media attention since, it is evident Lew has taken the helm with the resignation of the previous chairman. + +This, in my opinion, is a very good sign for Myer. In part because Mr. Lew is one of the best retailers in Australia. It's also helped by the fact that Solomon Lew might be the biggest bag hodler in Australia right now. He put down 100 million dollars a few years ago to buy an 11% stake in the Myer. This is back when Myer traded for $1.20, so he’d be down about 75% on that 100mil right now. + +Long story short, Myer now has a legendary retail billionaire with some skin in the game and a personal connection to the brand now heading up the board. Indeed, Solomon Lew showed a glimmer of what might be to come when he played hard ball with the landlords last year over rent for his Premier brand stores. In a drag out fight with Scentre Group (Westfield) and other big landlords he managed to force them into some significant rental concessions. + +**The Fundamentals** + +But while all those good vibes are great, is Myer even making money these days? Answer: Yes. But barely. + +* The Good: 2.1 billion in revenue which produces about 300million in operating cash flow. The company owns about 2 billion in tangible assets. +* The Bad: It’s posted negative statutory net profits 2 out of the last 3 years. Both of which were massive losses (at least on paper) and has had negative growth most of the last 10 odd years. +* The Ugly: It’s racked up a 1.6 billion dollar debt between FY19 and FY20. 1,000% looks nice until you realise it’s the D/E ratio. + +To be fair, the underlying profit for the last 3 years has been positive. The right downs on intangible assets really make it look much worse than it is. The reality is that Myer has been improving it's underlying profit since 2017. + +Per share, the current financials works out to be $2.63 SPS, 23.4cents CPS, and 21cents BPS. FY20 EPS was in the negative due to the statutory write downs, so for the purposes of evaluation FY19 EPS of 5.1cents might be considered a reasonable figure to use as a substitute under the circumstances. + +Using these metrics and the typical valuation multiples in the same sector, Myer’s price could be fairly priced anywhere from 58cents (P/B), to 82cents (P/E), all the way up to $3.52 (P/S). Averaging just P/E & P/B, fair pricing shoots around 70 cents. Twice where it currently sits. That’s current valuation, mind you. + +**Historical Performance** + +Looking at the underlying profits under John King, Myer has been able to reverse the trend of negative growth in FY19. That positive trend was continuing in 1H20. During this time, Myer had cut its long-term debt in half and was building a stronger balance sheet. That is probably one of the reasons Myer was able to survive COVID thus far. It was able to draw on its sizable asset base for credit. + +Going back 5-10 years, Myer routinely posted 2.7-3.0billion in revenue. Net profits of 100+ million. It’s been a slow slide to where we are now. However, with a leaner operation and more adept leadership, it’s not unrealistic to imagine Myer building back to those levels. 2.7billin only 20% above its 2020 revenue, which keep in mind included shutting down stores for a couple of months. + +Myer’s boasted a market cap of 1.5 billion in its first few years on the exchange. Their share price managed to get in the high 3-dollar range. A similar market cap now would put their share price solidly in the $2 dollar range. + +As mentioned, their revenue is only 20% less than what it was back then, even with COVID throwing a wrench. When compared to the 80% gouge in their market cap, it makes you think that a more fair pricing estimate of 70cents is probably not far off the mark. Indeed, it makes me question why everyone is so pessimistic about the company in general. + +Though, we know why. Department stores. That and now the debt. Thinking about it, I expect the exceptionally low share price right now is pricing in the immediate uncertainty over Myer being able to service its debt, combined with its ultimate future in retail. This just means it makes it a risky spec. But it also means a valuable one, since it’s well and truly below an otherwise blind evaluation of its intrinsic value on its metrics alone. + +**Servicing the Debt** + +If we projected out a conservative 2-3 years of continued progress on the turnaround, it’s reasonable to foresee Myer back at 2.7 billion revenue. They would only need to grow about 7-10% per year. And considering in FY19 they posted 2.5billion without COVID locking down their stores for months out of the year, it also seems reasonable to expect a big bounce in the first year of full open operations. + +With a 2.7 billion revenue at similar operating margins as FY20, they would be pulling in around 400 million in operating cash flow. This is in line with historical results. That would put their metrics at: $3.30 SPS, \~10cent EPS, with maybe 30cent BPS (factoring small improvement to equity as they pay down debt). That puts fair value around 1.25 to 2.30 depending on how much you weight P/S. + +In reality, sales growth would shrink fixed costs as a percentage, and so their overall position would improve more dynamically. Further cost cuts and potential improvements in margin with the stronger AUD reducing imports costs on clothing would also have a major effect on the bottom line. Then there is the opportunity improve the overall operational position through concessions from landlords who would be shooting themselves in the foot by killing off an important anchor to their malls. + +**The Future of Myer** + +At this point we enter pure crystal ball gazing on potential moves Myer could make strategically. Trying to get much from this is as meaningful as pissing in the wind I suppose, but I do think that Solomon Lew and John King both show in their own history the likely path forward. + +Mr. King has shown himself adept at building an online presence and making a business lean. I think that Myer can continue to build on its online brand and expand on that footprint. The scalability of this is evident in other online retailers. Myer has the advantage of having the brick and mortar as an anchor to this, mitigating some of the annoyances of online, and giving it a slight edge. It’s also damn good advertising for people who might decide to buy at the shop anyway. Furthermore, Mr. King’s tank commander approach at firing off dead weight management and improving the store experience will hopefully also continue to prove fruitful. + +Mr. Lew has demonstrated in his career an ability to foster strong brands. This happens to be one of Myer’s best assets being a 100 year old iconic Australian fixture. Mr. Lew Premier Investments portfolio of retail clothing brands may find a good match with Myer in the long run. I could envision Myer becoming a vehicle for these brands. Perhaps folded into the Premier group itself, or perhaps becoming the exclusive outlet (allowing Premier to dramatically cut costs on their own brick and mortar footprint). There’s a lot of potential here, and I think it’s a big positive for both halves. + +I think Myer is in a good position to become the premier department store of Australia, featuring premium brands exclusive to Myer. It can brick wall against its exposure to online by co-opting it. The near-term debt issue is the main hurdle I think, as otherwise it is evident there was some progress in King’s turnaround. Now that turnaround is backed by legendary Solomon Lew for good measure. + +It hard to say what FY21 will show, but there are a lot of opportunities for success. First half results I believe come out in March, so we’ll have an insight into the financial situation at that point. But if it’s moving in a positive direction, I think Myer may be able secure its future for the next decade, and the overall value for a shareholder in this position is in the many multiples. My opinion is that this has the potential to be a 10bagger in 2-3 years. + +**\*\*\*\*\*\*\*\*\*\*** + +**EDIT**: I enjoyed some of the points made by commenters. It seems like Myer generates a lot of debate. I cannot respond to it all, but I felt a small edit was due. Specifically, a question from /tassiboy42069 inspired me to write more on the topic of this stock. + +*“OP in terms of competition, remember how Uniqlo and Zara pretty much reinvented fast retail for clothes and brought down an entire segment of aussie clothes shops?* + +*Im wary of this happening to Myer. Thoughts on any competition that can upend our thesis on myer?”* + +Good point. It feeds into a deeper analysis of the rest of the market that I didn’t go into a lot of depth on. I like your question so I’ll extrapolate a bit. + +**“Fashionable but Practical” Brands** + +I think Uniqlo, Zara, and H&M have pitched to a younger market demographic that want to look fashionable but don’t necessarily want to fork out the money for a recognised designer label. “Fashionable but practical.” I think there is also a dark horse in Harris Scarfe, which seems to do a pretty decent job in store atmosphere and their homewares departments, but I think comes up slightly lacking in their overall range, and certainly doesn’t have the same sort of quality level in clothing. I think in that sense these stores are not necessarily competing for the same customers as Myer and David Jones. + +This feeds into the point people have raised about Target. They were also going for a similar “fashionable but practical” sort of profile. However, I think the issue with Target was that it wasn’t authentic. They were Kmart’s supply chain dressed up as generic designer clothing. Ironically, Kmart sometimes had better quality stuff for cheaper anyway. + +Uniqlo, Zara, and H&M fit that profile much more authentically. I like Uniqlo myself. I buy t-shirts, gym clothes, underwear & socks from them. The basics mostly, which fits their minimalist sort of design at a good price. However, I don’t really look to them for the more important stuff like dress shirts and pants, etc. While the quality of their basics is pretty good for the price, when it comes to the regular cloths, it still isn’t the same as a good quality designer brand that you might find at Myer or David Jones. Same with Zara and H&M. It looks trendy, but it’s often made with cheap polyester mix fabrics and so forth. + +**The Myer and DJ Dynamic** + +This builds on a larger point of the dynamic between Myer and David Jones. I think the clothing that DJ sell is generally on the same level as with Myer. One of their largest brands, Country Road (also owned by Woolworth Holdings Limited, who owns DJ), is on level with many of the other brands you find in Myer like Blaq, Rodd & Gunn, and Gazman. I would argue that David Jones and Myer have similar supply chains, in terms of the sort of mid- to upper-tier designer clothing. The main difference is that DJ tries to sell it for 3x the price as Myer. In weird way, David Jones is to Myer what Target is to Kmart. + +Furthermore, when you look at Myer’s clothing range, you see a broader appeal across age groups and socio-economic positions than DJ. The thing that sets Myer (and DJ for that matter) apart from places like Uniqlo, Zara, and H&M, is that they house legitimate designer labels the people would recognise. I would argue that the quality level of the clothing is objectively higher too. People that are shopping at Myer are the type that might go to one of the speciality branded stores specifically for a level of quality and status that you get from wearing a recognised brand. + +**Cannibalization from Specialty Stores** + +This draws me to a separate point that I didn’t fully explain above. Outside of an anchor store, what is the point of a department store? What advantage does it have over these smaller brand specific stores? There is a valid thesis in saying that the big store concept is dead because it is being cannibalised by the specialty retail market. I don’t discount that there is an element of that. + +**The Department Store Question (continued)** + +I see the position of the department store needs to be refined at a department by department level. I think Myer is starting to do this too. They used to sell Apple products and TVs. They have exited their Apple distribution and are getting out of the big electronics and whitegoods. This is a not a profitable business for a department store any longer, with better specialty shops like JB HI-FI and Harvey Norman doing a much better job of it. + +However, in designer clothing, accessories, dress shoes, beauty & perfume, textiles & bedding, crockery, plates & silverware, kitchen appliances, and luggage I can see a department store having an edge over individual shops. A department store acts as a hub for smaller designer brands who may not have a big enough presence for a large retail footprint and consolidates a large range of selection into one place (which creates the element of customers being able to browse across brands and ranges). Departments stores may also have the economies of scale such that they can house more prestigious brands that other specialty stores might not have the resources to feasibly stock (e.g. Royal Daulton) or are otherwise not interested in due to having their own specific store branding. + +I think if Myer can effectively hone the product range and shed the unprofitable sections of their business, you could see a smaller but much more profitable business emerge. This is my point with Solomon Lew and his Premier Investments. I speculate at the strategic play that Mr. Lew had in mind when he first acquired an 11% stake in Myer. I believe he had plans with regards to his own retail brands in conjunction with Myer. It is definitely true that Myer hosts many of those brands right now. As I mentioned, I envision there could be mutually beneficial arrangements between Premier and Myer in terms of brand distribution in future. + +**\*\*\*\*\*\*\*\*\*\*** + +**TL:DR** \- Myer's your mother's favourite stonk and it'll probably will make her a lot of money if they don't go bankrupt. They just need to adopt Z1P payments, mix some CBD oil into their beauty care section, sell lithium batteries... mine some uranium... and viola Bunnings snags for everyone. +Here I am sweating about swing trading boomer stocks and you guys are going all in on black. + +Like do people on here have all this spare cash to burn or are you just insane? I see the amount of money being thrown around and it gives me second hand anxiety. + +I admire the balls but fml I couldn't sleep doing what you guys do. I'm curious what % of people in this sub genuinely treat the stock exchange like a casino and those who attempt doing research. +I haven’t done a book review in quite a while, and doing a DD on Coles or Woollies’ is next on the list, but really not too entertained by either at the moment…maybe I’ll wait until there’s a new promotion that some rookie marketing person comes up with. As the book is quite small and I finished it a while ago and forgot to post some notes, this will be the last part for this book! But overall it’s an amazing book and I highly recommend it to anyone who wants a book to read for stocks. + +One of the most important things Lynch goes over in the book is stupid shit which people constantly say essentially, and he has done this through his speeches on youtube which I also found very valuable, but also in his book! The first is catching a knife and people thinking well its already dropped xx%, how much lower can it possibly go? If you want one simple example which will forever counter anyone who argues this look at Enron who were worth about $70bill at their peak and were named Fortunes most innovative American company 6 years in a row and they went bust pretty quickly. Now obviously that’s a very cherry picked example, but my point is unless you’re trading on TA, the value of a business can always go lower if management keep fucking it up or more issues come up. One thing which I think you autists deserve credit for is I have seen a few comments about A2M in the daily threads lately but none on APX, and they both suffered due to COVID but both handled it very differently and is why if I had to choose one I would also choose A2M to rebound better….I wouldn’t buy either of those memes though just to be clear. + +Next with no surprise is the opposite, its already gone on this big of a run how much higher can it go? Yeah don’t tell the people who held onto APT, CSL, MQG or even PME about that. Now sure you might disagree and say they’re overvalued and they have had a lot go their way, or the bull market really helped them or whatever. The point is if Tom gives them the blessing then the stock is free to go well into overvalued territory, just look at RIO, BHP and FMG when we had the short fly in the mining companies, all because of 6 months of unsustainable profit. Now of course they came back down, but that doesn’t mean they all will and vice versa for the ones which have got shit on above. When CSL was $100 a share or even MQG it sounds expensive, but if you do some analysis you can see for those companies that’s not expensive at all and so doing analysis on companies before even commenting on the price is vital! + +This brings me to the funniest one and the point which I think he delivers best in one of his speeches up on Youtube which is that my share is only 10c or 1c or even 0.05c, how much lower can it go? Now if you think this logic is good then please just donate your money to some charity because its gonna all die away soon anyway. A company with a stock price of 10c compared to a company at 1c is not anymore immune to going bankrupt or crashing to 0. If you lose 10% at 10c or 10% at 1c, guess what. It’s still 10%. Now this might sound like common sense, but I’ve argue with friends over this who I’ll tell them about a stock and the first thing they wanna know is the price, because apparently if its lower it means it can’t go much lower and if its high ($20+) then it’s expensive? These people have a degree which just shows that everyone puts their pants on the same and just because someone sounds smart at something doesn’t mean they aren’t wilfully ignorant at another! So no matter how dumb you feel at stocks, if you understand that concept you’re already doing better than a lot of people. + +The other one which makes me laugh and is common in this sub is once it comes back to $xxx price then ill sell. It is as though opportunity cost doesn’t exist and waiting 5 years to break even or just taking a loss and finding a better profit somewhere else is the same thing. If you refuse to take a loss on a stock and are just chasing the loss so that you get some small profit or break even then you are just wasting your own time and effort. There’s no point in having some emotional connection to a stock, the stock doesn’t care whether you make a profit or not. The way I like to look at stocks is like strippers, they’re there if you want them and you can have them as much as you like and you can get rid of them as much as you like, but its a lot more fun when the stripper pays for you than you paying for a stripper just because you would feel rude sending them home. If you can remove the emotional aspect and remember opportunity cost, then it makes it easier to come back to a stock at a later date if you see new potential. In the mock portfolio on discord for example, I bought and sold GNC twice for 2 separate reasons and both were because rather than getting emotionally attached and happy with the stock I just analysed it like any other stock. Just because a stock has made you 50%, doesn’t mean its gonna make you another 50% and vice versa, so always consider opportunity cost! + +The 5th and final one I want to go over is look at all the money I have lost because I didn’t buy xxx(Afterpay usually) stock. Nobody is going to hit every potential home run ball for a home run; the goal is just making sure you don’t strike out. One of my favourite analogy for stocks is it’s a game of baseball where you’re the batter and you will get a lifetime of pitches thrown at you, you can let as many go past as you want. You can take 100 strikes and you’ll still get more pitches, but if you swing and miss 3 times in a row it’s going to be very hard to recover. So just wait for ones in your sweet spot and when the odds are in your favour and trust you will do well. For me the strikes I let go past are mining stocks and small growth companies because I struggle to see the growth or understand them most of the time, the companies I like are simple business models with predictable results. Now of course there’s plenty of times I’m wrong, but I’d like to think I do better this way than risking it with things I don’t understand. This brings me back to the first review for this book which had a point about people who specialise in mining wanna buy medical stocks and people who specialise in medicine wanna buy mining stocks, if we all just bought what we understand we would all have a lot more fun. + +Ultimately this book is probably my favourite investing book ever for how simple it is to read and understand, but also because he doesn’t dumb it down to a basic level. The way Lynch explains things which I thought as complicated is really easy and it makes understanding his style of investing very simple, whether you want to try it or think it will work for you is another debate, but I certainly think reading his book is well worth anyone’s time! + +TLDR: Also last post some people asked for a TLDR so here it is + “Go for a business that any idiot can run - because sooner or later, any idiot probably is going to run it.” –Peter Lynch + +[https://www.reddit.com/r/ASX\_Bets/comments/p34juy/one\_up\_on\_wall\_street\_part\_1\_is\_this\_gambling\_or/](https://www.reddit.com/r/ASX_Bets/comments/p34juy/one_up_on_wall_street_part_1_is_this_gambling_or/) +Hello Everyone + +Today there was a relatively blatant abuse of fake upvotes and awards on a post for TANH. This was a bit of a pickle as the post was legit and the DD seems real, but we thought it necessary to make a flair that clearly defines that the post is being pumped. So whenever you see the new buyer beware flair know that the motivations of the poster may not be genuine and pure. +**V.2** + + + +V3 NEW UPDATED DD [https://www.reddit.com/r/Superstonk/comments/mx9mxv/v3_dtcc_the_final_boss_corruptor_of_markets_dr/?utm_medium=android_app&utm_source=share] + + + + + + + + + +Reposting again for more Dissemination , but more enhanced & readable.hopefully can get some discussion this time + +TLDR included but recommended you read what the fuck has been going on for decades + +we must understand everything and go deeper With the DTCC and Cede, we have to talk about it ! + +&#x200B; + +[GIANT FTD Thread where I got this from](https://cmkxunofficial.proboards.com/thread/2494/stock-counterfieting-dr-jim-decosta) if you have the time to gain all the knowledge about how EVRYTHING IS HAPPENING , how deep a grave the hedges can dig themselves read the whole thread. :) + +# FTD & CNS + +&#x200B; + +When a naked short seller fails to borrow shares to deliver to the buyer, he fails delivery to the NSCC – the intermediary in the trade. So he has a Failure to Deliver (FTD) sitting there at the NSCC – an IOU to the NSCC for shares. The NSCC is in charge of guaranteeing delivery to the buyer, so the NSCC either dips into the SBP (SHARE BORROW PROGRAM) and borrows some shares to give to the buyer, or if there aren't enough shares at the SBP the trade moves “Ex-Clearing” – outside of the DTCC system. + +&#x200B; + +&#x200B; + +“Ex-Clearing” is where the buying broker and the selling broker make a contractual agreement to handle delivery of the shares off-line, outside the system. Nobody polices these arrangements, so there is no way of knowing when, if ever, the shares are delivered – that is between the two brokers. + +&#x200B; + +&#x200B; + +This results in share counterfeiting, as the buyer is represented to have received valid “Share Entitlements” when in fact they are nothing of the sort, until the book-entry shares are delivered – which may never happen. + +&#x200B; + +So share counterfeiting can occur in a number of ways, but always because of the same factors – the buyer’s broker misrepresents invalid “Share Entitlements” as real to his client. + +Pretty simple. It is all driven by Wall Street not wanting to have to give back commissions when shares are un-delivered. So a flood of fake “Share Entitlements” – counterfeit shares – are traded in the system as real, and as long as all the brokers treat the fakes as though they are real, everyone on the industry side of the fence wins big – more trades, more commissions, more shares with which to drive down prices for the large, super-important customers of Wall Street – the hedge funds. That is what is known as creating “liquidity” by creating fake shares. It is pervasive, and the SEC and DTCC refuse to tell anyone exactly how big the problem is, or to divulge the size of the problem by company. + +&#x200B; + +**Everyone on Wall Street – the financial press, the brokers, the DTCC/NSCC/DTC, the research firms, the banks – all have a ton to lose by this being understood by Main Street America.** + +&#x200B; + +The Continuous Net Settlement System (CNS). A system implemented by Wall Street to speed transaction processing, which nets sales against purchases, and against the accounts of DTCC participants. + +&#x200B; + +What does it have to do with the magnitude of the Fail To Deliver (FTD) problem? + +Turns out, a lot. + +Because of the netting, many delivery failures never show up as such at the DTCC, and consequently are never reported. The DTCC literally doesn't know they exist. How can that be? + +Here's an example created by Dr. Susanne Trimbath , PhD, an authority on the clearing and settlement system: + +&#x200B; + +Here’s what happens if you settle trade for trade + +Sell “Deliver” at customer account level (some level below your DTCC account) + +\-100 +\+0 + +\-200 +\+200 + +\-500 +\+500 + +\-800 +\+700 + +i.e., you are short 100 shares at this level, with 200 shares failed to be delivered and received + +Now look what happens at the end of the same day after NSCC Account nets to the -800shares position: + +Seller’s DTCC Free Account + +9,000 + +NSCC settlement: -800 + +Balance after settlement: 8,200 + +&#x200B; + +There are no failures to deliver at NSCC that day because there were sufficient shares in the sellers free account to cover their bill + +Ta-dah! Netting hides the failure to deliver + +&#x200B; + +In other words, Prime Broker A could have, say, 1 million long shares of NFI in their account, and during the course of the day, several of their big hedge fund customers could fail 400,000 shares, and those would never show up as FTDs because the CNS system would net the fails against their securities in their account, essentially netting the fails against shares in their DTC account. + +&#x200B; + +Here's how it was further clarified by Dr. Trimbath: + +"For your question, you need to follow through to the DTC account, where shares are taken automatically for CNS settlement by NSCC. Here, we’re talking about a hedge fund that failed to deliver to Prime Broker A, a specific trade that failed delivery. However, because the “free” shares are taken from Prime Broker A’s account there is no reported failure to deliver at NSCC + +&#x200B; + +If, for example, the failure is in IBM, and Prime Broker A has a ton of shares hanging around the house account, then those get swept up for delivery and there is no failure in CNS. There is a failure in the system somewhere, but the DTCC never sees it. Prime Broker A should be tracking it, we hope, to be sure they get the shares... But there are no SEC rules about Prime Broker A reporting that. (From what I’ve seen in NYSE audits, the Prime Broker A's of the world aren’t keeping very good records on this sort of thing, frankly). + +&#x200B; + +Now what if those are NFI, and Prime Broker A doesn’t have a ton of shares hanging around the house account? Now, there’s nothing to get swept out for settlement and you get a reported FTD from NSCC. This helps explain why smaller companies show up on threshold lists more often + +&#x200B; + +OK, so I get it. CNS nets against the NSCC accounts of the participants, and the only FTDs that are reported are trades over and above whatever each participant has on account, after all trades for the day are netted against each other. + +&#x200B; + +So realistically, delivery failures hidden by the CNS system could be much larger than what shows up as FTDs at the DTCC, given that 90+% of all trades are netted. Literally, most of the issued shares of a company on account at the DTCC via brokers could be used up in netting BEFORE the first FTD showed up as we think of them, or as they would show up on a FOIA request. + +&#x200B; + +Now think about that for a second. + +how much is due to the slop in the system - the CNS hidden delivery failures? Nobody knows. + +So what does that say about market integrity? + +&#x200B; + +Try this one out. In addition to CNS netting hiding the true level of delivery failures, we also have ex-clearing, wherein failures are moved out of the system and treated as a contractual agreement between two brokers - thus out of, or "ex", clearing system. Nobody really knows how large that is, either. And foreign clearing firms also net behind their own curtain, further minimizing the problem's size. + +**Are you starting to get it now?** + +and further consider how much is hidden behind the curtain of CNS. + +How's that for scary? + +&#x200B; + +TLDR : The short way of saying it is that CNS netting could easily be minimizing the apparent FTDs problem by 90+%. . + +&#x200B; + +&#x200B; + +# DTCC & COUNTERFEIT SHARES + +&#x200B; + +The key to naked short selling fraudsters is to get these trades involving the sale of nonexistent shares to “Clear” even though “Settlement” Which involves the “delivery” of that which was thought to be being bought i.e. genuine “shares” or “packages of rights” attached to a specific U.S. Corporation may never occur. The “Automated Stock Borrow Program” at the DTCC allows shares held in “Street name” at the DTCC to be borrowed from an anonymous “Lending Pool” of shares. This allows the firm of the buyer of these nonexistent shares to receive delivery of “something” that at least resembles a legitimate share at first glance. + +&#x200B; + +The problem is that the buying firm is allowed to immediately place these “Shares or share facsimiles” right back into this same anonymous “Lending pool” of shares **AS IF THEY NEVER LEFT IN THE FIRST PLACE. THE BUYING FIRM IS THEN HANDSOMELY REWARDED BY THE DTCC WITH THE CASH EQUIVALENT OF THE SHARES DEPOSITED INTO THE POOL AND CHOSEN TO CLEAR THE NEXT FAILED DELIVERY. THIS WONDERFUL ABILITY TO CONVERT A CLIENT’S PURCHASES OF REAL SHARES OR “PSEUDOSHARES” INTO CASH FOR THE USE OF THE BROKERDEALER PROVIDES PLENTY OF INCENTIVE TO KEEP THE “LENDING POOL” FULL TO CAPACITY.** + +&#x200B; + +THE SELF-REPLENISHING ASPECT ALSO HELPS KEEP IT FULL TO ADDRESS AS MANY “FAILED DELIVERIES” AS THE SYSTEM WILL GENERATE WHICH IS AN INFINITE AMOUNT IF NO REGULATOR MONITORS FOR THE APPROPRIATENESS OF THE USE OF THE “BONA FIDE” MM EXEMPTION FROM BORROWING BEFORE SHORT SELLING + +&#x200B; + +&#x200B; + +*The “Counterfeit Electronic Book Entries” “CEBEs”-electronic book entries at the DTCC without a certificated share in a DTCC vault to justify its existence that result from the lack of buying-in these failed deliveries then appear on investors’ monthly statements as readily-sellable “Pseudo-shares” despite the fact that there is no paper certificate in a DTCC vault to justify its existence. Keep in mind that the DTCC at all times has full visibility of the number of “CEBEs” as well as genuine shares held in their vaults. The “Supply” variable that interacts with the “Demand” variable to determine share price then becomes the arithmetic sum of all genuine paper-backed electronic book entries at the DTCC plus the number of “Counterfeit Electronic Book Entries”. This greatly enhanced “Supply of readily-sellable shares” then interacts with a greatly diminished “Effective Demand” for shares due to buy orders for shares being effectively neutralized by the sale of nonexistent shares into these buy orders resulting in the typical precipitous drop in the share price of the preyed upon U.S. Corporation. This allows the unknowing investors’ funds to flow into the lap of those that sold nonexistent “Entities” but still refuse to cover* + +&#x200B; + +# Dr Jim Decosta Against abusive shorts + +&#x200B; + +Dr Jim Decosta sent many letters to sec trying to change the abuse but we all know sec does nothing. + +but he fought for many years along time ago and he is extremely knowledgeable about all of this thats going on . + +however I can not find much information on him other than his letters + +&#x200B; + +*"As the “surrogate legal owner” of all shares held in “street name” Cede and Co. as the nominee of the DTC subdivision would clearly be empowered to execute buyins when the shares that they are acting as the “surrogate legal owner” of on behalf of the purchaser never showed up. Acting as the “surrogate legal owner” has fiduciary duties attached. Any market intermediary acting as the “surrogate legal owner” on behalf of the purchaser of securities would according to UCC Article 8 “exercise due care in accordance with reasonable commercial standards to obtain and maintain the financial asset”. This “surrogate legal owner” would owe a fiduciary duty of care to the “beneficial owner” of these securities i.e. the investor that paid for them. Cede and Co. was to take on the role of the “surrogate legal owner” of all shares held in “street name” ONLY in an effort to enhance efficiencies otherwise each stock transaction would necessitate the cumbersome transfer of deed-like instruments. It was strictly forbidden to utilize this “surrogate legal ownership” title and role as LEVERAGE over the “beneficial owner” that purchased the shares whom this “surrogate legal owner” theoretically represents. Note that if the investor purchasing securities were to remain the “legal owner” it would obviously be given access to the information revealing that what he “owns” never got delivered. This generous volunteering of the DTC to act as the “surrogate legal owner” cleverly results in the purchaser of shares not realizing that the securities he purchased never did get delivered. Why? In the case of abusive naked short selling it’s because they never existed in the first place.'* + +&#x200B; + +" A bona fide MM would rather sell nonexistent shares at a higher level than at a lower level UNLESS HIS CURRENT NAKED SHORT POSITION HAS GOTTEN OUT OF HAND TO THE POINT THAT COLLATERALIZING AN ASTRONOMICALLY HIGH NAKED SHORT POSITION AT HIGHER LEVELS MIGHT BE COST PROHIBITIVE. SHOULD THIS SITUATION PRESENT ITSELF THEN FRAUDULENT NAKED SHORT SELLING IS OFTEN SEEN AS THE ONLY ESCAPE ROUTE AND A “BLANKET” OF FRAUDULENT NAKED SHORT SELLING IS OFTEN PROVIDED BY THE TROUBLED MM AND ANY WILLING CO-CONSPIRATORS THAT HE CAN “RECRUIT " + +&#x200B; + +[Jim Decosta sec letter](https://www.sec.gov/rules/proposed/s72303/decosta010404.htm) + +[Sec letter 2 Pdf](https://www.sec.gov/rules/sro/nasd/nasd2005112/jdecosta112405.pdf) + +[google link with many results of his letters -if you're feeling like learning from the master](https://www.google.com/search?q=dr+Jim+Decosta+sec&rlz=1C1UEAD_enCA942CA942&oq=dr&aqs=chrome.0.69i59j69i57j0i433l2j46i433j69i60l2j69i61.4127j0j4&sourceid=chrome&ie=UTF-8) + +&#x200B; + +# Terms + +&#x200B; + +DTCC: The Depository Trust Clearing Corporation – clears and settles virtually all trades in the US. + +NSCC: National Stock Clearing Corporation – subsidiary of the DTCC, acts as the “back office” of a bank, handling debits/credits for stock trades (basically handles the money) and acts as the contra-party in all trades + +&#x200B; + +SBP: Stock Borrow Program – a program at the NSCC where shares are available from the DTC, on loan, to cover temporary delivery failures. + +Self-Replenishing: The SBP is operated on the honor system, and it allows member brokers to put shares into the anonymous pool of shares in the SBP, to loan to the NSCC. It is said to be self-replenishing because once a share is borrowed by the NSCC, and delivered to the buyer, the buyer’s broker is free to put that same share back into the pool, to be relent out again to someone else. In that manner, one genuine share can give birth to a daisy chain of fake "Security Entitlements" at the brokers. + +&#x200B; + + + + +Edit :1 +Share borrow program no longer exist. But corruption and naked shorting is still there. We drive deeper into how corrupt the market really is And house of cards part 2 might shed more light +- + + + + + + + +TLDR: they been corrupt working together for a long time +Rules has since been put in place to stop these and naked shorting all together. However naked shorting still continues and with hedgies working with dtcc they can get away with alot. But since the mess is so big with gme, dtcc is putting an end to it and try to redirect attention + +dtcc loop holes and cede loopholes , hedge funds abuse and sec does nothingits all illegal and been illegal for a long time but nobody cares + +&#x200B; + +lets talk about it now that we are all mentioning the DTCC & CEDE +lets learn together +I am bequeathed ~$50,000 USD from a late relative. I would like to set aside a good portion for my daughter to go to college but that’s a long way off from now. How can I best utilize this money to grow safely. I currently make 60k/yr and my wife ~55k/yr. We don’t live outside our means and have no outstanding debt besides a car we purchased last year. Any advice would be greatly appreciated, thanks in advance. +I am here looking for advice. About me - + +I took an income share agreement loan to go back to school and switch careers 1 year ago. I went from making 39k to 59k. Now I make 80k and this amount requires me to start paying back the ISA. + +My spending in my 20s was out of control considering what I was making. + +The numbers in USD: + +ISA - 22k (0% interest) 525 monthly + +36 month credit consolidation loan - 16.9k (11.19%, or ~3k by the end of the term) 560 monthly + +Credit card - 5.7k (12.90%) 125 monthly + +Take home pay - 4.1k monthly + +Rent - 1.8k monthly, utilities included + +Groceries and eating out - 300-400 monthly + +I will have about 1k left over each month. I don’t drive so there is no car payment or insurance. I have student loans from college being paid by my family. Ideally I start to earn enough to take over these payments eventually. + +I have virtually no savings or a retirement plan. In the past year I have contributed to my employer’s 401k but obviously I am very behind. + +My main goal for the next 1-2 years is to continue increasing my income and begin investing for the future with a Vanguard (or similar) account. + +I live in a very HCOL, but I work 100% remote now. I could move back in with my parents (or to a LCOL area) and cut years off of this debt timeline, but this would be a massive sacrifice to my mental health and social network. I very much value living alone, and all my friends and family are in this area. + +Is it worth it to sacrifice my independence to be debt free much sooner? Does anyone have advice for a situation like this? + +Edit: a word + +Edit 2: clarifying my net worth in the title is negative +Hello, I'm 33 years old and I had been blindly maxing my 401k for about 6 years in my late 20s, but now I'm finally looking at the details of my financial future and trying to make plans and have a better understanding of how I'm doing. + +The question I have is, I look at my retirement savings and do some compounding interest calculations to see where I'll be in 30 years and I'm happy with how things look with doing minimal contributions from now on. However is my confidence misplaced? My concern is, is my initial investment (the amount I've been saving over the past 8 years) overstated due to the 10 year bull run. I don't know what the future holds, but say next year stocks drop 30%. If I run the same calculation with the new lower initial investment, my 30 year savings estimate is about 700k lower. + +What do you use as your initial investment if you do those calculations? Do you even do these calculations or make any financial decisions based on these calculations? +For those of you who are executives at companies you did not start - what was your pathway like? + +I’m especially curious for anyone in an exec role who is not from Sales or Product Dev + +Especially for my nerds out there, did you find that the technical challenges you encountered early on you still had some time to devote to or did your role completely shift to people, networking, etc.? +This is something that a lot of people have already discussed, but I feel like it has not yet been phrased the way I want people to understand it. + +Dr. Trimbath was first mentioned following atobitt's House of Cards post which highlighted issues that come with the way DTCC runs the securities business- naked short selling and failures to deliver. And those are the 3 main subject around which you should ask the questions: DTCC, naked shorting, FTDs. I don't think GME should be the subject at all.Don't ask her if Citadel is naked shorting GME. Aske her how naked shorting works, how you can detect them or measure their scope.Don't ask her if hedgies are hiding FTDs in dark pools. Aske her how FTDs can be manipulated.Don't ask her if estimated numbers posted here are remotely accurate. Ask her if DTCC themselves even know what the hell is actually going on or if they even have the ability to ever figure out what has been going on. + +And then, after we grow some wrinkes on our brains, we might be able to apply it to GME. + +&#x200B; + +As a side not, I'm also kinda sceptical about AMAs and how they go against out confirmation bias, but I hate people sayong that "it's just an opinion of one person and they haven't read the god-like DD we have read". Yeah, those people are not invested into GME specificaly as we are and it's not like an opinion of some people can defy how really damn suspicious (too suspicious to be a coincidence) GME is, but it still makes you sound like a cultist. +Guys, after long profiting and good times im selling what i have, its been a difficult year of personal stuff and my parents recently divorced after long(im 20)and it was very tough for me, i always wanted to buy a car but recently my aunt got diagnosed with breast cancer and i decided to pay hospital bills with the earnings from bitcoin, its been a wild ride i hope someday i return to crypto, now i should focus on studying(psychology), all the best wishes for you guys. +All love❤️ +I've heard a lot of talk like this lately, and it got me in trouble early on when trading. + +A stock being on an upward trend isn't a reason not to buy. I found a stock at 1.5 and had my bank account frozen so I couldn't buy it until it was at 5.00. I kicked myself and didn't end up buying the stock. That stock was NIO and would go on to be worth $65. I had no doubt in my mind it would hit 25 at the time, but I still didn't buy because I felt like I had already missed my chance. + +And don't beat yourself up over not buying into a stock earlier. Sitting around calculating the money you could have made if you were a perfect trader is just drilling FOMO into your own head. Could you have made MORE money with perfect information? Yes, anyone can become a millionaire in a year if they always buy the absolute bottoms and sell at the absolute tops acting on perfect information, but no one gets to do that but inside traders. + +&#x200B; + +Don't over complicate things. You buy a stock when its valued at less than you think its worth or will be worth. Don't get discouraged when you see a stock that was .001 a month ago and think about all the money you could of made. Look at where it is now and try to evaluate where it will be in a week/month/year. +Overall NW is about \~$10m and TSLA currently represents \~35% of my NW. I plan to work for about 5-7 more years to hit my FATFire number. + +I bought some Tesla stock in 2016. At that time, it was about 3-4% of my new worth. Fast forward to 2022, Tesla stock has grown \~20-30x+ and now represents \~35% of my NW. All the stock is held in a regular brokerage account, so if we sell, I will pay LTCG tax + 10% or so CA state tax + +I want to diversify to make ensure some stability as I get closer to FATFire. How do I do that without incurring a huge tax bill? +There are lots of success stories around here, and sometimes an "how did you get rekt?" thread. But have you consistently been so bad at crypto that it made you laugh out loud and call yourself a dummy? So I thought it'd be cathartic to go down memory lane and write down my painful crypto story, which, as the post title says, is pretty much a textbook guide of what NOT to do. You can read, laugh and who knows, maybe even learn something. + +&nbsp; + +1) I bought the literal top in December 2017. You know that running joke in crypto how a coin tanks as soon as you buy it? My first BTC buy was on December 16th 2017. Check the charts. I sometimes wonder if I single-handedly fucked the market. + + +2) I initially bought BTC and ETH. As I was an early adopter of the "buy high sell low" philosophy, I panic sold my BTC shortly after. Then I proceeded to use my precious ETH to chase pumps and shilled shitcoins, signing up left and right on obscure exchanges in the process, and you guessed it, always buying the top of trending alts. To name a few of my shiny early acquisitions: BNTY, DBC, PRL. Thanks /r/cryptocurrency daily discussions! + + +3) In my everlasting quest to being a super early adopter and smarter than everyone, I had an ICO phase. What's an ICO phase you ask? That's when you share a photo of your passport and your face with complete strangers on the Internet (KYC process, for those unfamiliar), in order to obtain the privilege to invest in their Initial (Shit)Coin Offering, supposedly at bottom price, before they're listed on any exchanges, with little to no guarantees that they're even legit. +I did however always do diligent research: I ensured the project websites had cool animations and logos, that they used words like "industry-disruptive", and that their subreddit top 10 posts of all times had at least 9 hysterical price predictions. What do I have to show for it? The pride to have sponsored the lavish lifestyle of some "blockchain entrepreneurs", and that my passport is probably used nowadays to rent hookers in Moldova. + + +4) I stayed too long involved in idealistic and promising, but dying projects (Elastos, Elix, HorizonState, FunFair, Babb). I am ashamed just writing those names down. + + +5) I bought literal scams, like XTRABYTES and SUBSTRATUM. I'm only missing BITCONNECT for scam bingo. If you guys have a bridge to sell, let me know, I might be interested. + + +6) The few successes I had, I was too greedy and didn't cash out any profits. I saw NANO do an 8X, then watched it crash back to below my buy price, with a surprised pikachu face all the way up, and all the way down. I by the way almost lost all my Railblocks in the Bitgrail disaster, but thankfully transferred them right before it happened (possibly my "smartest" move to date, completely accidental). + + +7) I screwed up some decimals when placing orders on IDEX, buying for way higher than market price. + +8) I placed some buy orders that never filled because I had set them as Limit instead of Market. God I've done this so many times. I was once even so dumb that I contacted Binance customer service to ask why the order didn't fill… + + +9) During a coin swap process, I lost private wallet keys, and wrongly updated my passphrase. + + +10) I wasted so much in transfer fees moving coins in and out of MEW and between exchanges back and forth, most of the time for no good reason. + + +11) I signed up for all kinds of worthless airdrops that only filled my mailbox with spam. + + +12) And last but not least, the grand finale: I bought a ledger, but never used it! That's right, I was going be a millionaire, you see, I had to get ready to store all that digital gold. It's still in its plastic wrapping, in my bedside table drawer, staring at me like the [disappointed cricket fan meme](https://www.samaa.tv/wp-content/uploads/2019/06/Sarim-Akhtar.jpg) every time I open it. + +&nbsp; + +Now, what I did right (I think): + + +&nbsp; + +- I DCAed for a while after the early 2018 crash. As it kept crashing, I eventually stopped throwing good money after bad. + + +- Whatever shitcoins I had that still had value, I converted them to serious projects like ETH and VET, and I held. + + +- I fucking stopped trading. How I thought this was something I could do, having literally zero experience on financial markets, is hilarious in retrospect. + + +- During the long winter bear, I looked at prices only weekly, and kept up to date with general news, but without obsessing. A bit like polishing your meat to an ex-girlfriend you stayed in good terms with, but without the tears. + +- I did a lot of reading on crypto throughout the whole ordeal. It's fascinating and despite my financial misfortunes, I'm a firm believer in the future of crypto. + + +- I bought some ETH when it dropped to $150 early 2020. + + +- I'm the proud owner of 5000 DOGE. + +&nbsp; + +Where am I now? Almost breaking even. It took more than three years in the red, but thanks to DCA, holding, and sticking to solid projects, I stayed afloat and it will eventually, hopefully, make up for all the stupid mistakes I made. When I finally break even, I'll reduce my position, keep some ETH, post on crypto forums what a boss I am for being in the green, and that will be the end of a rather long and agonizing learning experience. + +&nbsp; + +Thank you for reading :] + +&nbsp; + +EDIT: added a link to the disappointed cricket fan meme +I’ve seen there is a bit of confusion on understanding why coins that are just deployed burn 50% or 99% of their supply. Some people say to increase scarcity. Sadly not, if they wanted a scarce coin they would have deployed it already with a low supply, so the answer is another: To hide their whales. + +If i deploy a coin on BSC with 100m supply and burn 50% of it as soon as it’s deployed, and own 10m of it myself, my wallet will be listed as having 10% of the supply while i have actually 20% of it, since BSCscan keeps in account also the burn address in the whole supply pool. + +If i deploy a 100m supply coin and hold 100k of it while burning 99% of the supply then my 100k will be listed as “only” 0.1% of the supply while i actually hold 10% of the circulating supply (the remaining 1 mil). And so on. + +So beware of coins that burn their supply as soon as they are deployed. +-Buy SP500 ETF +-Don't dump it all in, dollar cost average! +-Hold forever! +-Actively managed funds suck because they don't outperform the SP500! + +"But what if I invested all in Apple in 1990?" +-Past performance is not indicative of future results! Diversify! All-in SP500 ftw! + +"What about other indices?" +-Murica only! Look at the Nikkei, it sucks! + +"But, past performance isn't indica..." +-Except the SP500! It only goes up since 100 years! + +"Ok, SP500 it is. When do I buy it?" +-Yesterday! Asap! But dollar cost average! + +"Why not dump it when it's low since it always goes up?" +-Past performance isn't indicative... +From the article: + +> China needs to create jobs for 15 million people every year and **will maintain support for entrepreneurship to help achieve this**, the country’s labour minister said on Sunday. + +Looks good for companies that facilitate entrepreneurship, like $BABA and $BZUN. + +Article: http://www.aljazeera.com/news/2017/10/china-create-15-million-jobs-year-171022103712345.html +Video is back online, lost due to mobile editing + +(Updated, he dumped his entire personal stake, his social capital still holds some shares) + +Apes, and Redditbros, + +I'm sorry that I've to make new posts to prove my point, unfortunately, every time I raise a warning regarding Chamath or GME, I got downvote a ton that I can no longer make any comments with a NEGATIVE comment Karma. If there are still good people left on Reddit, please advise me how to get out of the negative comment status. I won't be able to reply in a comment when those mods and bots attack me again and tag this as fake news. + +This is not spreading misinformation. Chamath did sell out his entire position at SPCE! + +Here are the links to prove it + +SEC filings: [https://www.sec.gov/Archives/edgar/data/1706946/000170694621000028/xslF345X03/wf-form4\_161491010360014.xml](https://www.sec.gov/Archives/edgar/data/1706946/000170694621000028/xslF345X03/wf-form4_161491010360014.xml) + +Bloomberg report: [https://www.bloomberg.com/news/articles/2021-03-05/virgin-galactic-chairman-sells-personal-stake-for-213-million](https://www.bloomberg.com/news/articles/2021-03-05/virgin-galactic-chairman-sells-personal-stake-for-213-million) + +Here is what he said last month when he sold another round before selling all of them + +“If I could really just go for it, I wouldn’t sell a share of anything I buy because I believe in it,” he said on Feb. 8 in an interview on Bloomberg Television’s “Front Row.” “But every now and then, I run into liquidity constraints, like everybody else.” + +He SAID he BELIEVE IN IT! he is a clown and hypocrite. Use your judgment. It's hard to believe what I'm saying here is fake news and an act to spread misinformation + +&#x200B; + +[SEC Screenshot](https://preview.redd.it/owqzp9ed2nl61.png?width=1362&format=png&auto=webp&s=0771b8401f61611a3cdf406424326f08d55cc3c2) + +[The Chamath doesn't care look](https://reddit.com/link/lzv0fu/video/kpfkw4i45ul61/player) +I've dedicated a large percentage of my portfolio to renewable energy companies and have obtained some knowledge on the sector and specific companies in doing so. I've noticed a trend of people inquiring about these companies so I hope that this post can provide some information. + +--------------------------- + +I'll provide a brief bullish thesis and some information about my investments in renewables. These are in order of weight in my portfolio. + +------------------------------ + +Tesla (TSLA) (511% gain) + +Most of us know what Tesla is about. They are the global leader in electric vehicles and will eventually come out with autonomous driving but I'll focus on their energy business. They sell solar panels with the lowest cost/watt of U.S. manufacturers, but this isn't the exciting part of their energy business. They are a leader in battery storage, which is an integral part of a renewable future. Energy storage systems store energy produced from solar panels and when the sun isn't shining, energy is consumed from the batteries instead. Also their autobidder software, which is out in trial in Massachusetts and Australia I believe, eventually will turn energy into a market place for Tesla customers. Read more about autobidder here: https://www.tesla.com/support/autobidder + +My bull case for Tesla (specifically the energy side of the business) is that they will continue to innovate with their low cost panels, and be a leader in battery storage, plus leverage their autobidder software to bring added value to residential customers. + +-------------------------------------- + +Vestas Wind Systems (VWDRY) (91.4% gain) + +https://www.vestas.com/~/media/vestas/investor/investor%20pdf/financial%20reports/2020/q2/2020%20q2_pres.pdf + +Vestas is the leading manufacturer and installer of wind turbines. They have a global footprint and are expected to grow in line with the growth of the wind industry as a whole. A major growth engine in their business is going to be their expanding service and maintenance business, which has very high margins. My bull case for Vestas is that they are a unique pure play wind turbine company with years of experience in the growing industry. + +-------------------------------- + +First Solar (FSLR). (24% gain) + +First Solar is an American based solar module manufacturing and solar project operating company. Most of their business comes from corporate and grid level solar projects. Notably, they have Next Era Energy, Microsoft and Apple as customers. The real bullish case behind First Solar is around their differentiated Cadmium Telluride solar modules. Compared to the standard Crystalline silicon technology, First Solar's modules last longer and produce energy at higher efficiencies in hotter climates. + +My bull case for First Solar is around their differentiated technology, strong balance sheet, and position as an American company, which typically warrants a higher P/E ratio than foreign companies. + +---------------------------------- + +Jinko Solar (JKS) (22% gain) + +https://ir.jinkosolar.com/static-files/5a6d9266-d288-4ece-a0ea-f8e49ff60119 + +Jinko Solar is a leader is a Chinese based solar panel manufacturer. They produce low cost modules and also manage solar projects. Their business model is similar to First Solar's, however they trade at a cheaper valuation, due to being a Chinese company. You can read more about their technology on their investor relations page, but my main bull case for this company is around their position in South East Asia as a leading manufacturer, as this is undoubtably the biggest potential market for solar energy. + +-------------------------- + +Canadian Solar (CSIQ) (27.5% gain) + +http://investors.canadiansolar.com/events + +Canadian Solar is also a leader in the module manufacturing & project development business. They have a similar business model with Jinko and First Solar. Canadian Solar owns equity stakes in several of their solar projects, which gives them a source of recurring revenue. They also have a large footprint in American grid/commercial systems and are a market leader in North America. +They trade at an absurdly low 5 P/E ratio despite significant growth expectations in the coming years. + +My bull case for CSIQ is around their ability to dominate the current market and potential to capitalize off of further market growth and consolidation towards the biggest solar companies. Also their current valuation is very intriguing. + +-------------------------- + +SolarEdge (SEDG) (126% gain) + +https://investors.solaredge.com/ + +SolarEdge is the global leader in the Inverter space, with a 60% U.S. market share. For those who don't know, Inverter's turn the D.C. electrical current from the sun into an A.C. current, which is used by households. The inverter business is also much higher margin than the module (panel) business, due to there being fewer players in the industry. They are also expanding into energy storage and electric vehicle manufacturing. + +My bull case around SolarEdge is around their market dominance in the Solar Inverter business, which will grow exponentially in the coming years plus future expansion in storage & EVs. They have a very strong management team as well. + +-------------------------- + +TPI composites (TPIC). (70.55% gain) + +https://ir.tpicomposites.com/download/companies/tpicomposites/Supplements/TPI%20Earnings%20Deck%202Q20.pdf + +TPI composites manufacturers wind blades and sells them to wind turbine companies. They have long term contracts with the top 5 non Chinese wind turbine companies (Vestas, GE, Siemens, Nordex & Enercon.) 63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with a certain EV company that I can't mention on this subreddit apparently (DM if you want more info) to manufacture vehicle parts for them. + +------------------- + +Enphase Energy (ENPH) (46% gain) + +https://investor.enphase.com/static-files/81902e59-7d61-4693-aa86-8d54e63975b9 + +Enphase is the sole producer of Microinverters, which are smaller inverters that go on individual panels and provide a safer, more efficient, but more expensive solution than the standard string inverters. Microinverters are used in smaller solar systems, mostly residential. They also have an energy storage business that is just starting to scale. Enphase and SolarEdge are competitors in both of these spaces, and are expected to be major players in the future. Like SolarEdge, Enphases' inverter business is high margin and expects rapid future growth, as the residential solar market grows. + +My bullish case around Enphase is around their Microinverter technology, potential for expansion into storage and unique Ensamble home energy management system (read about Ensamble on the Investor relations page). + +----------------------- + +Brookfield Renewables (BEPC). (12% gain) + +https://bep.brookfield.com/~/media/Files/B/Brookfield-BEP-IR-V2/events-and-presentations/bep-investor-brochure-q1-2020-vf.pdf + +Brookfield Renewables owns and operates renewable energy systems and projects. They sell energy produced from such systems to utility companies and have a recurring revenue stream. They also pay a 3.73% dividend yield. Their investments are split between Hydroelectric, solar and wind. + +My bullish thesis around BEPC is the consistent cash flow positive revenue stream and relative safety in the business model. Also, they provide me with exposure to hydroelectric energy. + +-------------------------------- + +Let me know if you have any comments, hold, or plan to buy any of these companies! + +NOTE: I'm 19 years old and have a 5-10 year+ timeline for holding/buying into all of these companies + +PS: These are not all of my holdings, just the renewable energy portion of my portfolio. (which including Tesla makes up more than half, exluding Tesla about 1/4) +Ok so, been sick in bed a couple of days and some random shit popped in my head + +&#x200B; + +https://preview.redd.it/v5ql5pb180b71.png?width=1516&format=png&auto=webp&s=ad4bc422869060a3ea7f15211a0247e36a7ec44b + +The NFT part is the same style as nintendo's logo + +The part that looks like a cartridge has the etherium stamped on it, and of course the gameboy looks like a gameboy. + +But then I started reading Jordan Holberg's post on Magic the gathering. + +(which can be found [here](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg)) + +It goes into detail on how Hasbro and Wizards of the coast could use NFT's in multiple actual use scenarios. + +One that struck something with me however is that they could basically make sure the secondary market can get rid of the "fake" cards, as any mtg/pokemon/yugioh player can attest the market is rife with knock off products and often it's hard to tell the difference. + +But with the Nft being used as a "seal" so that you always know that your card is genuine it could knock out the knockoffs. + +You could also use it to build a deck for tournaments, and in theory if someone uses your deck to win you could receive a "kickback", as could the original creators of the art etc etc. + +&#x200B; + +But here is the thing, what about Nintendo?Pokemon is one of the biggest franchises in the world right now, it has videogames, cardgames and so much merchandise, and here is the kicker, remember Amibo's ? + +Imagine you have an actual physical model like an Amibo, you train your pokemon and you can then use that same pokemon in several different games, creating a team you can track and use in every future game. + +&#x200B; + +https://preview.redd.it/v5xmmy37a0b71.png?width=438&format=png&auto=webp&s=b1f3ea74badae530b6c67131b7b3019ef18daa10 + +But I digress, here is the thing that got me spinning in circles for most of the day, how could GME use a dividend or NFT by use of pokemon? + +Remember those promotions they used to do back in the day? + +special cards, special dlc, special stuff. + +Enter Crypto kitties, enter Nintendo, enter anything. + +I have nothing to back this up as fact, everything in here is speculation but seeing the already pre-established relationship GameStop already has with so many game companies we could see anything be given as a dividend, Be an investor at GME, get a special Halo Hyabusa skin, get a rare pokemon, rare mtg card which you can use in your actual games. + +So what do you guys think? could this be something or is this just a bad idea?Also I've flaired this as discussion, because I'd love to see some discussion surrounding this but mostly + +\- What actual use could you see happen with NFT's? + +&#x200B; + +It seems u/StrifeLover was posting a theory similar to mine for a while, be sure to check out his posts as he goes more in depth then I do, and he is actually into pokemon and stuff like that and knows more, would love to get people more involved into this! +Now that the Black Friday ads are starting to filter out, this is a great trick to avoid the chaos that is Black Friday. + +Some credit cards (Discover, Chase and Citi cards that have price protection are confirmed to work for Black Friday) will price adjust previous purchases to Black Friday pricing. This trick exploits the 90 day price adjust feature that many cards have. This feature usually is limited to something like $500/claim and $2.5k/yr but can be VERY useful on certain types of purchases like technology goods. Before we get started, not all cards allow it for door buster deals. That being said, Discover Card in particular is well known for ALLOWING this practice, even on door busters. Other cards, vary based on the card and issuing bank (contact your issuer for confirmation). It doesn't work for all deals, namely ones where the thing on sale is a BF exclusive item but in general the quality on those is so low anyways the deal isn't usually as good as you think. Anyways, it is a great way to get Black Friday deals without having to stand in line. I am posting this now in advance because you need to purchase + + +The practice is pretty straight forward: + +1. Find out what deals you are interested in, such as say a TV. Do this by checking your usual deal sites like bfads.net, etc. +1. Save the image from the ad or cut out the ad that lists the model and price. +2. Purchase the item BEFORE Black Friday (within 90 days) and save your receipt. If you purchase it after BF, they WILL NOT adjust to an earlier price. +3. Laugh at the people waiting in line wasting their holiday for the deal that you already got. +3. Wait until it is time to file (can't file BEFORE the date the sale price goes active, only after) +4. File your claim and submit your evidence. *For Discover Card: call Discover Card (1-800-638-8312 is the direct line to the Price Protection Dept) to start your price match claim. They'll they will ask how you would like to process it. Select online option. You will then fill everything out [here](https://cardbenefitcenter.com/oc-dc/app/login)* + + + +When to purchase can be important. I try to buy as close to BF as possible, because that allows me longer to monitor the price and then file my claim. Note, with many cards you can only file a claim once so it can be importatnt to wait and file as near to the end of 90 days as possible. As many have learned, BF prices are not always the best prices anymore. For things like TVs buying later can be useful because it allows you all the way through the Super Bowl which is when many TVs go on sale. Thhe super bowl this year is Feb 5, so if you purchase Nov. 7th or later, you will be covered. For anything else, anytime from now until BF is a good time to buy if you want the best price between now and just after Christmas. If you were to purchase today (Oct. 17), you can file a price match until Jan 15th. This gives you through Christmas,after Christmas, New Years and after New years to adjust to the lowest price. This way you can track prices even on the after Christmas/New Years clearance sales. + +TL;DR: Some cards (like Discover) allow you to purchase an item in advance, then price adjust to the Black Friday price. No waiting for Black Friday deals, just purchase and enjoy your holiday. Then file + + +EDIT: To address some common questions: + +1. They do not come back and get the money from the merchant. From what I understand, they take an insurance policy against the price protection. You then file your claims with this insurer (commonly called the Benefits Handling Company). /u/mn123654 stated in [this excellent post](https://www.reddit.com/r/personalfinance/comments/57yz88/reminder_some_credit_cards_like_discover_will/d8wld50) that Citi card uses Virginia Surety Company and MasterCard uses Sedgwick Claims Management. Chase lists a PO box in Virginia for claims (my guess is they use the same company as Citi), not sure yet about Discover. + +2. You MUST purchase BEFORE or on the same day that the sale is valid. Purchases AFTER the sale date do not receive purchase price protection. + +3. Also, Citi Card explicitly states they are supporting Black Friday this year. They also recently upped their price match game to match Chase and Discover ($500/item, $2.5k/yr). I just called Chase and their words were "Black Friday deals are fully covered as long as they are a purchase that otherwise would apply for price protection benefits." + +4. This feature is available year-round folks, most people DO NOT know about it. I brought up Black Friday because this is a great way to save money, but never forget to keep an eye on big purchases after you finish making the purchase. You can file a claim at any time (the exact duration depends on the card, most are 90 days, a few are 60 days). + +5. Don't forget your other card benefits, such as extended warranties, return guarantee, damage protection, etc. You never know when these would come in handy. Many people have NO CLUE about these extra benefits that can actually be REALLY valuable (more so than the rewards/cash back themselves). + +6. For most companies, the $2.5k/yr is PER CARD. If you have multiple cards with the same company, you can actually get more back as long as they are on different cards. + +7. Taxes are not refunded. In some states that isn't that big of deal, in others it can be a pretty hefty amount. + +EDIT2: A usage case that someone PM'd to me, that I didn't think of. Because the merchant doesn't get dinged with the price, you can buy from your local mom&pop shop and price match to the national chain price (as long as the difference is less than $500). A great way to support your local business and still get your great price. +Google Authenticator (GA) does not sync with your google account! + +If your phone dies there is no way to get your 2FAs back. + +&#x200B; + +**You should backup your GA Account as fast as possible on another phone/device! This way the GA runs simultaneously on both devices.** + +&#x200B; + +But to be prepared for the extreme situation that both devices die the same time you can also print out your GA backup QR code. + +&#x200B; + +Guide: + +1. Open your Google Authenticator on your main device. + +2. Click on the 3 dots in the upper right corner and select 'transfer accounts' + +3. Select „export“ (choose the accounts you want to export) + +4. Now you should see a QR code. + +5. Take a photo of it if you want to print it (take the photo with another device so there is no trace of the QR code on the phone you are using GA on!!!) + +6. Otherwise just skip the above step and go get your 2nd device. + +7. Download GA on your 2nd device and choose to import an existing account. Scan the QR code your main device is showing. + +8. Done! Your GA now runs simultaneously on two devices. +I just got a call from someone claiming to work at my bank, She was offering to send me a new credit card with a great reward program but before she could run my credit, she wanted to know my mother’s maiden name. She was taken aback when I asked her to first verify specific line items from my bank transactions. I told her I'm not about to give you my personal info based on a single cold-call. If you are really who you say you are, you can tell me the date/amount of my last electric bill and the auto-insurance bill. + +She said I was the only customer to make her answer security questions in the last 6 weeks she has been doing this. She did answer them correctly and also confirmed some other things (related to the physical bank location she claimed to be at) that she wouldn't know if she was a scammer. + +While this one was a legit call, I have had people hang up on me in the past as soon as I asked them to verify something specific from my account / history. I have had smart friends fall for very sophisticated scams because the caller knew their address and last 4 of their social. My advice has been to (1) make them answer specific questions that only the right people will have and if still suspicious (2) tell them to make a note on my account (with their name/extension) that I will call back immediately and then I find the 1-800# from Google and ask the agent to transfer me back to whoever called me. + +I apologize in advance if this tip is not relevant to this subreddit. I didn't know where else to post this. +Hello, + +I live in Colorado and decided to take the plunge. I found a cheap home (relatively) for 380k (2bd, 1000SqFt) and beat four other offers to get it. That being said it’s a home moved in to its location in 1910, with very low ceilings and a lot of quirks, like uneven floors and other problems. + +It’s in Downtown which I just love and you can walk to all types of local gems. The location is everything on this place. + +Anyways, I was able to get it rented at much higher than expected but still my cap rate is only about 4%. + +But here’s my plan, as written in the lease, I’m going to use a HELOC and build a brand new 750SqFt ADU (accessory dwelling unit). The size is maxed out according to what the city allows. + +I’m going to build this thing so it looks like a nice ranch, accessible from the alleyway. It will cost about 175k and will certainly rent for $1750. + +So my math shoots my cap rate up from 4% to 10%. This way I can sit on it for ten years and then rip down the other home or sell the property. + +Does anyone else have experience doing this? I’m a little concerned about my tenants hating my guts once construction begins but oh well. +I'm new to investing, so I've been thinking through a bunch of different options. + +How far are your furthest rental properties from you? +Do you manage it/them yourself? If so, how? What made you buy far away? Was it worth it? +Fundamentally it seems the same as buying one property to live in and another property as a rental investment. Obvious pros may be that you can rehab the place easier if you’re next door and invest in some good ROI enhancements to both units (shared HVAC or something, just making stuff up here). Cons are that you have to live next to your tenant. + +Is there anything else I’m missing as to why this gets recommended so often as an option? Are duplexes priced more efficiently in terms of rental cap rates when up for sale at the same time? +My agent made an offer as owner/occupant and I didn't know that, the bank (seller is the bank, it's a foreclosure) accepted but wants me to sign an affidavit of occupancy. The agent says I can just put my house on the market for a high price and if it doesn't sell then me renting out the other house won't be an issue. Any idea if I'm actually okay here or am I screwed? + +I'm okay with renting my current house and moving into the new one, but my girlfriend hates that idea so it's not an option unfortunately. I'm not really sure what to do now, and if I'm getting myself into legal hot water or what. + +Edit: + +I told the agent to tell the bank that I'm no longer able to sell or rent my house and move into the new property. So we'll see what happens. If I get it still then great, if not I've already got other deals in the pipeline. +I am in the garage again for the second time this month. My car (Fiat500) seems to always have issues. I just paid 400 for the MOT two weeks ago but was told to get the brake pads changed soon. I have just come to a different garage to get that done (Kwik Fit offers a lifetime warranty on brake pads) and they have told me about 4 other things that need fixed "asap" including brake discs, new tyres etc. + +I am probably being really childish about this but it's really upsetting. I can never get a hold on my finances because of this car. My bill today is 200, that's 600 this month on repairs alone. My yearly repair average is about 1500 but that's obviously not including insurance, tax, breakdown cover, fuel etc. I need the car to travel to work so I have no other option, but I'm wondering if this is normal? Should I get a more reliable car? I don't know anything about cars and I hate this feeling of helplessness. Anytime I get ahead with my savings, something goes wrong. I recently started a sinking fund for the car but it didn't even cover the repair costs. What should I do? +Hi Guys - + +Posting from my alt account. + +First of all, I am not a MBA finance or have heavy experience in investing so if all of this sounds ridiculous, I wouldn't be surprised. I would love to hear your opinions + +**Base Assumptions** + +* I'm an idiot for the most part hence getting into day to day investment is not my forte. I'm more likely to fuck it up unless I devote a lot of time understanding investing. +* All the fluctuations will be normalized in the long-term and it's extremely difficult for me to time the market. I'm personally looking at 5 and 10 year horizons. +* Compounded value of anything is powerful! +* More money makes more money in absolute numbers (for the same % rate of return). If the principal amount invested is higher, then the money gained in absolute numbers will be higher. +* I am young and I can takes risks. My scale of investments should be well within my reach. +* Long term equity earnings remains untaxed until Government decides to fuck us all at the end! +* I am not adjusting for my salary increments and bonuses. +* I will be in the current job for next 2-3 years without any loss of job risks + +**Goals** + +* Health insurance for family (mother and parents) +* Life insurance for family +* Backup emergency capital for any immediate crises +* Have 1 crore in asset at the age of 32 years (roughly after 5 years for me) + +**Background and Current Situation** + +I live in India and around 26 years of age. It has been sometime working for me here and there. I have saved some money but eventually lost some money in startups both in terms of opportunity cost of leaving a job and investing in startup. But now for the next few years, I will work in a job. + +Right now, I have cash savings of 4 lakhs in my bank account, 5 lakhs in my PPF account, 3.5 lakhs in my PF account. + +I currently earn 30lpa. Out of this I can save 15lakhs annually in cash with 2.16 lakhs that keeps accumulating in my PF account yearly. The additionally money is 6 lakhs income tax and 7 lakhs for my living expenses annually. + +**Plan** + +* I intend to save for the next 6-7 months and accumulate around ~10L in cash savings of my own. +* I don't intend to touch my PPF and PF account. That remains roughly 10L that I can withdraw at any point. Of course, some time delay will be there in crises to withdraw it but hopefully I can manage the bridge. +* I plan to take personal loan of 25 lakhs in the next few months. One from SBI and Citibank wherein I have accounts. + * 10L from SBI (their. max limit) for 5 years. EMI: 23k + * 15L from Citibank for 3 years: EMI: 50k + +* Will repay SBI loan as quickly as possibly within the first 18 months or so. I want to get free from EMI liabilities and get free cash flow as my marriageable age will be near. Will save 5 lakhs thereafter for wedding expenses from my running income +* Will repay 2lakhs and 2lakhs after 1st year and 2nd year for my Citibank EMI to get it to ~40k & ~25k freeing up more cash for my wedding. +* Interest accumulated over this loan over the next few years @12% accordingly with some risks factored in, will be 5Lakhs. Hence for a loan of 25 lakhs, I shall be paying up 30Lakhs + +**Investment** + +Now that this math is clear, I have to invest 25L from personal loan and 10 lakhs from my next 4-5 months. That totals upto 35Lakhs + +* I don't plan to invest in property as I don't see that as the most beneficial investment vehicle. My money will be locked up with lot of hidden charges here and there. Not to mention the costs in maintenance. I am from middle class background and my parents insist of buying a home but for me, I want to buy a kickass home for living once and for all. If not then, I am happy renting good houses with investment returns and my running income for my life. As the cost of rent to property ratio is less, that is advantageous in renting +* Right now the inclination is towards decent risk but high return, small-mid cap equity mutual fund invested over 5/6 years. I am targeting base min. of 15% rate of return and if god remains with me, then hopefully 20-25% annualised. As I understand from the top performing funds (such as FT small cap, Reliance small cap, Black rock funds), this is not out of the whack. Worst case, I can tolerate negative rate of return. If say a year or two doesn't touch that good, then I can extend 5 year horizon to 6-7 years. + * 15% annualized over 5 years = 2x + * 18% annualized over 5 years = 2.25x + * 20% annualized over 5 years = 2.5x + * 25% annualized over 5 years = 3x +* That brings the overall investment assets from 35L to be 70L - 1.05Cr in mutual funds. I will also have 20L in PPF & PF savings. Will also have 10L-20L from my last two year savings (age 31 & age 32) +* Worst case my money doesn't grow shit. It merely grows to 50L from 35L. I would still have earned 50L - 40L = 10L (since I paid 30L for 25L loan and 10L of my own) +* Mutual fund also is liquid asset so in absolute worst and crises cases, I can pull out the money +* I have health insurance of my own from company of around 10L which includes my family as well. +* I will additionally take a health insurance of 20L which computes to 34k per month. With tax adjusted, that boils to 25k per annum = 2k per month. Should be fine. My parents are 54 years and 50 years +* My mom and dad have taken a life insurance policy so I don't have to worry about that bit. +* I have an ancestral land which I plan to sell. It will get me around 6-7 lakhs which I will invest for 20 years for my parents. By the age my parents turn up 70-75 years, I can get that to 70L to 1Cr. 10x return over 20 years is not out of the whack. They will have additional health insurance covered up from my running income. + +**Help Needed** + +* Please share your thoughts, criticism and any accounted risks that I might not have taken (loss of job shouldn't be there for the next 2 years for sure) +* I needed some leads on mutual investment and financial planners that can assist before investing a big amount (35L). Would be great if you can share +* If there is reasonable portfolio management company or advisor who doesn't reek of scam, it would be great to connect. +* I would love to hear about any potential investment vehicles apart from mutual funds and your experiences. Like I said I'm an idiot + +**Distant Ridiculous Dreamy Plans** + +I actually want to build my own company after next 4-5 years. If I start working on that that's a separate discussion. If I am simply in working job, my running income would 40L+ after 5 years which be good enough to manage expenses in any city in India. If I can come out with 1cr. Of liquid assets after 5 years, I will top it up with my further savings and some loan to 1.5 cr. I invest that again in not so high-risk things. Assuming a 12-15% annualized return on that, I end up with 2.5 cr to 3cr at the age of 37 years. + +If I can manage 2.5 cr to 3cr at the age of 37 or 38, on an annual 10% return, I will have 30L in yearly incomes with assets intact on top of potential 60L-70L yearly income of my own. Totaling upto 90L-1crore with yearly earnings and 3crores+ in liquid assets after 10 years. + +I am not including my wife's income in these calculations at any point. + +Thoughts? +Does anyone feel inclined to get into Tata at this point? Solid company with great rep, down almost 40% since last 12 months, does anyone think it is a good value buy? +https://the-ken.com/story/journey-to-the-centre-of-easemytrip/ + +This is behind a paywall. But someone has posted a partial screenshot from the page - https://i.imgur.com/OyL5llP.png + +> Nishant Pitti claims his company is the third largest OTA in terms of airline tickets sold in 2018-19, selling over 20,000 tickets daily. But during weeks of extensive reporting for this story, *The Ken* was unable to ascertain any third-party numbers that backed up this claim. *The Ken* also spoke to officials and founders from three of India's largest OTAs. In a space where competitors study and replicate every decimal +percentage of their peers' revenue margins and business lines, none had a clue about EaseMyTrip's market share, business model or modus operandi. + +I think the IPO name is Easy Trip Planners which operates EaseMyTrip. + + +------------------------------------ + +**UPDATE:** More stuff from comments & other places + +**1)** https://www.sptulsian.com/f/ipo-analysis/easy-trip-planners + +> **Corporate Governance Red Flags** +> - Two founding promoters draw annual salary of Rs. 8 cr, plus Rs. 2 cr reimbursement expenses, making Rs.10 cr promoter salary, a very high number on Rs. 40 cr profit. +> - Independent Director and Chairman of Audit committee Mr. Maxy Francis Assis Fernandes resigned from the board on 18th Feb 2020, within 8 months of his appointment. Even the former CFO Mr. Abansi Kant Jha's tenure lasted less than 16 months, between 10th May 2019 to 31st Aug 2020. Company was without a CFO for 5 months before the IPO, between Sep 2020 to Jan 2021 and the current CFO was appointed only last month on 8th Feb 2021. Such senior level changes in the finance department raises many questions. +> - For a corporate which claims to be the 2nd largest OTA in India, audit report being emphasized for delay in payment of advance income tax and GST (in FY19 & FY20) is quite bizarre. + +**2)**https://www.capitalmind.in/2021/03/easy-trip-planners-ipo-review/ + +This unfortunately is behind a paywall, but apparently, they mention inconsistencies in its core earnings +I'm not that huge of a trader, I'm barely a trade I invested little when I started work out of college. Saw decent profits (by decent I mean 3k to 4k, felt decent to me). Invested when the market dipped few months ago saw profit and sold.Now I have a bit of capital, and wanted to know the tools you guys used to shortlist stocks you wanna buy? Keep a track of prices etc? + +Thanks in advance +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 ? +I made a comment earlier but u/welp007 recommended i make a post, so here i am. + +This is pretty short, so take it easy: + +I genuinely think WE, r/SuperStonk should considering adjusting our dialogue from the term Mainstream Media or *MSM* to what it truly is: + +**CORPORATE MEDIA**. + +i feel it's time we identify these shills for what they truly are, because with additional exposure and rallying, they’re losing popularity. and don't forget all the Corporate Politicians working for them, not us. + +stay strong. +stay safe. +keep hodl’ing +This isn’t a meme anymore. Get the fuck off my back media and boomers. I’m doing what’s called value investing so eat a brown banana. + +I’m staying for the long haul cause there was so much shit uncovered that everyday for the past 4 months seems to be something new and totally illegal. + +I’m seeing a few popular posts saying organization, we, us. First off, I don’t know you, this is MY purse. I am risking my own money for my benefit. Either you’re smooth brained and new or you’re trying to intentionally hurt us and I know what the fuck you’re doing. + +I read enough DD to understand the floor price is real. I’m not paying people to do this shit or or doing giveaways like crypto is on Reddit’s front page? HAVE YOU SEEN THAT BULLSHIT LATELY? What a joke. + +Look I’m a value fucking investor, DFV wasn’t wrong when he said GameStop is under priced cause it fucking is and $200 is so underpriced and false it’s not even funny. The company has so much potential in the new era of gaming. I fully believe huge lan server event filled Internet cafes will be a thing. That’s what I’m investing for. For my generation to thrive and socialize together once Covid is said and done at these facilities thanks to GameStop. + +Let me be. Let me enjoy the memes. Let me make those fuckers pay. + +I see you Kenneth. But do you see me? +I'm fairly new but trying to absorb as much as possible. I"m a newbie and I'm trading Ford and GE. As the OP directs, I look for selling puts that have 70% profit chance. But I'm only getting 15% annual gains. + +Some people claim 25%. I think some Youtuber is claiming 50%. + +Any pointers? +I know some say they only look at IV, some say they look +only technical analysis, some say they only look other +factors like fundamentals. Do you use just a single factor or is there a blend that works for you? +Hey Thetagang, been reading a bunch of content on theta strategies and it seems that the general consensus on when to collect profits is after the option's value has decayed by 50%. I understand the rationale for pulling out early, but I'm wondering what the reasoning is for use of 50% specifically. + +I've got some background in electrical and electronics where exponential time decay is used for determining the state of components, where Tau is a particular length of time for that component to reach 63.2% of it's final value. Now I realize that this example is a bit different because the exponential curve here slows as the underlying value moves towards it's final value, unlike theta decay which does the opposite. + +Has there been any mathematical calculation to support this accepted 50% value? I'm curious if an analysis of theta decay would support a more optimal value? +$2,400 cash, I could sell my PLTR but preferably if it gets to at least $25.5 I'd about break even with all the CC I have done with it but not super fond of the meme stock. So I could have close to $5,000 to do a CSP on something I would prefer to have more, something like CHPT, BLNK, any other suggestions? Looking for solid companies that still might have good premiums over meme stocks. +What are your strategies for managing losing trades? I've been tracking all my metrics and have managed to improve my win/loss ratio, increase my average win price, and reduce my days held, but I'm still struggling with reducing my average loss price. + +In general I notice that I cut my losses too early and that the price tends to rebound a bit after I sell at a loss. + +For example right now I'm struggling with what to do with this trade: MARA 5/21 CSP $42. Sold for $7.50, currently sitting at $12.05, so right now the trade is sitting at -$455 (-60%). My breakeven is $34.50 and it's currently sitting at $32.30. + +Based on those numbers it seems like the right decision is to wait it out. It would have to drop to $29.95 by assignment for me to increase my losses further. But of course that's a very realistic scenario and now I'm just trying to time the underlying, which is not a great strategy. + +I like to use a mechanical playbook but haven't found a good system for managing losses. Curious to hear thoughts from those with more knowledge than me. +I recently have been selling the AMC $3.5 3/19/$4 3/26 puts for 40 cents and 60 cents respectively. Obviously the implied vol is through the roof because of the squeeze, even after the collapse. But the main reason the risk structure seems pretty great is because of where max loss will be. They bottomed at around $2 with major bankruptcy risk and were trading in a $2-$3 range for months before that. They have recently secured enough cash, in loans and equity raises, to survive 2021, so bankruptcy is off the table- at least for this year. So that leaves the question, what’s the “max loss” for AMC, $2? $3? If we assume a $3 max loss on the stock you can collect 1:1 risk reward worth of premium, but this is at the 20 delta for the $4P 3/26 . An 83% P50 but hypothetical 1:1 payoff. +Expanding the scope beyond just Tesla, what are both the short and long term prospects for global auto manufacturers, now and looking ahead for the next 10 years? + +We’ve seen stagnant or declining growth for traditional automakers over the past few years, and the effects of the pandemic seem like they’ll last years into the future. + +What does the future hold? New business models that include more ride-sharing and subscription models compared to traditional ownership? I don’t see EV’s becoming prominent within the next ten years without significant regulatory influence. Thoughts? + + +[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!* +Went to the dentist yesterday and got a receipt for £115. + +- £90 for a filling +- £25 COVID surcharge + +So, my (many) question is, what’s a covid surcharge? is this legal? Tacking on a random charge? Anyone else experienced this? Is there a way to avoid it? What’s next? Flu surcharge? +Original post: https://www.reddit.com/r/UKPersonalFinance/comments/a6zvbn/my_employer_has_promoted_me_but_my_salary_will_be/?st=JPWQDQVJ&sh=d8ad5aa0 + +Since so many of you helped me out after I posted about my promotion (with a low salary increase), I wanted to provide an update and say thank you to those who advised me on here! + +Since my direct boss said that salary negotiation was not possible, I decided to discuss the matter politely with my boss’s boss. I sent an email explaining that I am delighted to take the next step, but was expecting to be compensated in line with others on the next level, and asking if my salary could please be reconsidered. + +I sat at my desk (running on pure adrenaline) for about an hour until I got a reply - a congratulatory email and asking if I could pop to their office. They said that they completely understood the disappointment and that they have no idea why the Finance dep have not taken on board their recommendation - essentially, the salary I had been offered was not the one my department had put forward. She assured me she would take this up again with them and update me in due course. + +Today I have received an amended contract with a further small increase in salary (now 25.5k instead of 25k), but have been assured in writing that the wage is the official starting salary for this next-level position where I work, and annual pay reviews will take place in a year’s time. I feel reassured now and am glad that I acted quickly and politely, and that they did adjust it, even if slightly. + +This has all been topped off by a company wide email announcing my promotion and listing my achievements! I’m pleased to say my morale has increased and I’ll definitely remain here for the foreseeable future. + +Thanks again to all who listed my options and helped! +I've been investing in low cost index funds for 25 years. Nothing sexy. I'm not the most sophisticated investor, but I have managed to avoid scams and hype and stay the course for a long time. It worked. Now I'm getting to the point where I'm a little nervous about how MUCH money I have in the markets. All the politics and stuff gets so weird and volatile. I don't want that to be my entire retirement plan. My wife and I are in our mid 40's now. What's the next step? + +Real estate seems really popular, but when I start looking into it, I realize I don't know how to evaluate a property or anything. I'm competing against seasoned real estate investors who know the market. My wife and I are very cautious and I don't know what it would take for us to feel comfortable dropping hundreds of thousands on a single investment property. + +What are some other good options? + +Is it time to hire some kind of advisor? I've always eschewed them, but maybe I'm getting out of my league now. +Seen a few comments over the last month or so where someone was criticized for the amount they have invested in some way. + +One guy revealed that he has low double-digits at the end of the month to invest, but was excited none the less. This person was saying to him "takes money to make money" blah blah, you know the spiel. The way he/she wrote it wasn't exactly rude and yes, everything they said was true, but it still didn't have to be drilled into this guy's head with repeated comments. + +No need to take someone down a notch that's excited to be apart of this, even if you're right about their potential gains they could achieve. + +In your life those gains may not add up to much but to someone else, in a different part of the world, it could have life-improving significance. + +EDIT: If you come across said jerks, don't be shy to speak out. Don't have to be rude to them, they are already making themselves look like an ass so just help them along. +Thanks for the awards, take care everyone! +I'm a young adult just out of college and everybody in my life seems to think I'm crazy so double check my numbers for me! I thought I had this under control but now I'm scared! + +Income: Trader Joe's, full time (40 hrs) at minimum wage ($16.32) for an average of $2611 per month + +Expenses: + +Rent: $1100 including utilities, wifi, and some shared groceries (in a live/work artist commune) + +Food: $200 (limited eating out; I mainly eat batch cooked soups and chilis and so on. again some shared groceries from my coop fridge help) + +Income tax: $534 (assuming a yearly income of $31334, according to some online calculator I found) + +Savings: $260 (10% of income) + +Climbing/gym membership: $87 + +Transportation pass: $98 + +Clothes/home supplies/mishaps/ect: $200 + +Going out: $130 + +Total: $2609 + +Not quite as much savings as I would like but as far as I can see it all seems to add up. I don't have any student debt or car expenses, and I'm on my parents health insurance. (and spotify + phone plan hehe) + +Are my youth and inexperience causing me to miss any obvious factors that are going to sink me? + + +EDIT: okay, to synthesize the common thread I'm hearing: "yes, you can probably scrape by, but it'll likely be tight and leave you with little room for extra/unexpected expenses. why not just get a better paid white collar job?" + +which sounds reasonably encouraging to me! I am looking for other jobs; in the mean time this seems like a mostly sustainable stopgap :)) +🚀 **Good Morning Everyone!!!** + +Updates are also posted on my [Twitter @ Corno4825](https://www.twitter.com/Corno4825) + +🚀 **Live Thread** + +**3:32 Update** + +I'm ending the Live Thread. I'll start back up tomorrow at r/GME. + +**2:48 Update** + +Sorry. I got caught up in a LoL game (Yes, I'm absolute trash. 10 year addict.). GME has gone down since that blip. + +Max Pain Theory states that 145 is the ideal price. Since we missed Max Pain Theory last week, but maybe this is the goal for this week? + +We'll find out. + +Volume has slowed down again. I hope we get to see some more action before Closing Bell. + +Volume: 12,400,000 + +Current Price: 138.51 + +**1:44 Update** + +Alright, so this is very interesting. Gamestop announced right at 1:26 that it would be looking for a new CEO. + +What I'm assuming happened was that someone with a lot of money waited for this to be announced so they can buy all those shares. Seeing the stock price and volume bump would make people wonder what's going on. They would look for GME news and this would pop up. + +Did the volume and price jump in response to the announcement or as a way to get free advertising on the announcement and hopefully start a rally? + +These are the mind games that fascinate me. I refuse to believe that that price jump up was organic. + +Current Price: 142.11 + +**1:35 Update** + +Okay. That was really interesting. That was over half a million trades in 2 minutes and the price shot up by $5+ . It was a VERY strange blip, and I have no idea what could have caused that. + +GME seems like it's going to pretend like nothing happened. + +That was really weird. + +Volume: 10,200,000 + +Current Price: 143.53 + +**12:55 Update** + +I think it's time for your daily Banjo Mooseheart. + +[https://imgur.com/gallery/yfE3Ky9](https://imgur.com/gallery/yfE3Ky9) + +Banjo is always alert and ready to tackle any challenges in his wake. Here, we see as he continues to be ever vigilant to watch the backyard even when he's posing. + +It's dead. Nothing is happening. + +Current Price: 142.81 + +**12:08 Update** + +See? Another Opening Bell Attack, another recovery (ish), and now we're trading sideways. Just another day in the life of GME. Volumes dead so it's probably going to be boring for the rest of the day. + +Posture check! + +Volume: 8,000,000 + +Current Price: 143.57 + +**11:26 Update** + +Okay. GME has finally stabilized. We're hanging around 143 now. This attack has been pretty successful so far, but there's still a lot of time left in the week. + +GME does seem to have a slight upward trend. We'll see if there's anyone at lunch that's happy to buy GME at a discount. + +GME is on sale everyone!!! + +Current Price: 143.86 + +**11:05 Update** + +Are we done with the attacks now? Can GME recover in peace now? + +Current Price: 142.66 + +**10:28 Update** + +Okay, so it was a small recovery followed by another attack. + +It seems like GME is starting to recover from that 2nd attack, but don't be surprised if a 3rd attack is on its way. + +Volume has died down a bit for the past 20 minutes or so. We'll see if this trend will continue. This has been an interesting day so far. + +Volume: 5,000,000 + +Current Price: 142.03 + +**10:06 Update** + +It looks like GME has hit a rebound! Let's see if we follow the pattern of massive dip followed by recovery followed by sideways trading. + +If that happens, it would be a very unique and never seen before trading day. + +Volume: 3,740,000 + +Current Price: 147.21 + +**10:03 Update** + +That was a $20+ drop. + +As the price went lower, the volume picked up. It seems that GME is trying to fight back, but the HF attacks have been pretty relentless so far. + +GME did hit SSR for tomorrow. + +Volume: 3,390,000 + +Current Price: 143.42 + +**9:47 Update** + +Holy Moly. + +We started with a $2 dip, followed by a $5 spike, followed now by a $10+ drop. HF have made a move and are pushing this price down. We're already at 1,300,000 volume and it seems to be picking up. + +I have a feeling this is going to be a really interesting week. + +Volume: 1,300,000 + +Current Price: 152.71 + +**9:00 Update** + +Premarket, we saw a jump from GME all the way up to 164.90 before dropping back to Friday's close. + +Friday at close, they had 500,000 GME shares available to borrow. As of this update, that number has gone down to 80,000. As usual, expect an Opening Bell attack. + +Though Max Pain Theory didn't go fully as anticipated, the Implied Volatility has gone down, which makes the chance of a gamma squeeze go up. I don't know if we'll see something this week or if the whales plan on waiting for another week of lowering that Implied Volatility. + +Shorts Available (Including Synthetic from ETFs): \~227,000 (80,000 GME + 147,000 ETF) + +Current Price: 157.30 + +🚀 **Morning Report** + +**Option Chain** + +I did a lot of research into the Option Chain, specifically into Delta. Delta is the amount of money the value of an option will go up when the stock goes up by $1. + +I calculated all of the delta of most options available through 2022 (excluding dates with very small Open Interest to save time. + +What I found is that Hedge funds are losing anywhere between $3,883,000 and $10,133,000 every time GME goes up by $1. + +If GME goes back up to $483, Hedge Funds would lose at least $1,261,975,000 if not more than $3,293,255,000. + +Looking at the Option Chain for this week, the graphs do look really interesting. It does seem like there is consistent growth throughout starting at 150 along every $50 increase with a huge gain at 800. I'm not sure if this means that the Gamma Squeeze launch pad has been built, but it definitely looks different than it has the previous few weeks. + +I'll keep an eye on how this changed throughout the week. That might give us an indication of the moves people are making. + +For more in depth look at my thought process of how I went through some of my Morning Update, [please feel free to read this post.](https://www.reddit.com/r/Superstonk/comments/movs0h/hedge_funds_might_lose_big_on_the_option_chain/) + +[Excel](https://docs.google.com/spreadsheets/d/1NIBK9ATJLNe_U6ov4M1fDpLdZ5chQJOzcPA14NbaEho/edit?usp=sharing) + +Graphs [1](https://puu.sh/HxBcD/82656c9d4e.png), [2](https://puu.sh/HxBcG/b0c99b9dc2.png), [3](https://puu.sh/HxBcM/5690a77959.png), [4](https://puu.sh/HxBcR/9c6b19bd88.png), [5](https://puu.sh/HxBcR/9c6b19bd88.png) + +[Ryan Cohen interview](https://youtu.be/uN2Dw8AOdMk) + + +Very rare public appearance of the activist investor - he even discusses his tweets and if they had hidden meanings. What u guys think ? + +Bullish? +This post is an attempt to compare my pre-FIRE expectations with my post-FIRE reality. + +**Background**: US, male, 50, single, no kids. + +**FIRE path**: 25 years in IT, originally as a developer, eventually as a project manager/architect. Discovered LBYM in my mid-20s. Reached FI in my early 40s, FIRED in my mid-40s. + +1. **Hobbies**. Pre-FIRE I thought that I would be able to spend 40-60+ hours a week working on my main hobby, open source development. After all, that was what I wanted to do with my life and the main reason why I planned to retire early. Post-FIRE, I discovered that a single hobby, no matter how exciting, can become a chore if you work on it non-stop. I ended up adding a couple more hobbies to the mix and taking occasional breaks. + +2. **Finances**. Pre-FIRE I was concerned that I would be constantly worried about running out of money once I was retired. Post-FIRE I find that I rarely think about money. I am more concerned about running out of time before I can do everything that I want to do. (Not having a family and a low SWR help.) + +3. **Stress**. I had a very stressful job at my MegaCorp and expected retirement to be peaceful and relaxing. Post-FIRE I realized that, if anything, I was underestimating just how stressed out I had been working 60-70+ hour weeks and managing projects. It took me a number of months to decompress and then I discovered the flip side of the coin: without the pressure, it was easy to become less productive and even lazy. It has been manageable so far, but it's something that I definitely didn't expect pre-FIRE. + +4. **Health**. Pre-FIRE I suspected that at least some of the health problems that I had developed were stress-related. I hoped that they would go away once I FIREd. It turns out that I was right for once: most of the problems did disappear shortly after I retired. + +5. **Exercise**. Pre-FIRE I hoped that, once I was retired, I would be able to resume the exercise routine which kept me in shape in my youth. Post-FIRE I discovered that it wasn't so simple: walking and hiking are fine, but the kind of moderately strenuous exercise that I did in my 20s is more likely to hurt than to help a 50-year-old body. I am currently looking into more gentle alternatives. + +6. **Spending**. Pre-FIRE I was somewhat concerned that my spending patterns may change in retirement. I didn't think it was likely because I had maintained essentially the same lifestyle that I expected to have in retirement during the pre-retirement phase. However, I was still worried that something major may come up. 3+ years into FIRE everything is going according to the plan. Of course, I have unexpected expenses now and then, but they all fall into well-understood categories. + +7. **Friends**. Pre-FIRE I was aware of the fact that some early retirees lose friends post-retirement, sometimes due to diverging lifestyles and sometimes because of envy. I hoped that it wouldn't happen to me because my friends were not "that kind of people". Luckily, I was right and retirement hasn't affected my relationships with my friends. + +[Edit: Formatting] + +[Edit 2: Thanks to all the well wishers!] + +[Edit 3: Thanks for the gold, kind stranger!] +I find it funny that some of you guys get all offended, or upset when guys like Bill Gates say things like cryptocurrencies are used for drugs, or to hire hitmen... you do realize that they all have agendas correct? + +Even the much loved darling of technology Elon Musk has an agenda, and the old world money system suits him just fine, hence the reason why he always plays down cryptocurrencies, as if they are nothing more than a fringe hobby. + +Then you have banksters such as Jamie Dimon, who see cryptocurrencies as the absolute biggest threat to his empire, and will say or do anything in his power to destroy them. + +People like Warren Buffet, the old world money system, and frauds such as car insurance companies are his thing, so you can't expect him to be a fan of decentralization, where the people would have the power, no no no, Warren likes the system just the way it is. + +In conclusion, stop getting all butt-hurt whenever these old farts bash your favorite coin or token. In a few years they won't even be around, and the world will change for the better against their negativity... because a decentralized world is the future! +I’ve mentioned (moaned) about this before but I just got the ‘auction results are in’ email and checked the suburb I’m wanting to buy in...only two auctions both passed in. One in particular had a range of $850-$890k and passed in at $870k. + +What’s the point of a ‘price range’ when it’s clearly not the price range vendors are willing to sell for. Why is no one honest and transparent in this industry? There needs to be some form of investigation into practices by these REAs. + +Buying in other parts of the world is such a straight forward process, “house is listed for sale with a price, buyers offer within £5k, they buy the house (UK)”. +Reddit is dominated by popular opinion, while in theory in order to beat the market you need to realize where popular opinion is wrong. There is no barrier to entry in this subreddit, and any filthy casual can share their opinion. Therefore, most suggestions here that would be profitable are likely unpopular and might be downvoted. +Guten Morgen to this global band of Apes! 👋🦍 + +With inflation continuing to remain stubbornly high, the markets reacted poorly yesterday. +Of course, the entertainment industry tends to be very recession-resistant, and the CPI data shows strength in the retail space that GameStop occupies. +While I sincerely hope that inflation can come back under control, it is very likely going to be a painful financial period for many to get there. +I think many of us continue to expect the market downturn to intensify, which ultimately is when the SHFs will become insolvent. + +However long that takes, we are keeping the pressure on by DRSing at an incredible rate, and HODLing until the MOASS. +Now is the time to get your shares to safety - you don't want to be caught in a difficult position hoping that your transfer happens while the stock is launching. + +Today is Wednesday, September 14th, 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: **$28.79 / 28,30 €** *(volume: 3619)* +- 🟥 115 minutes in: $28.76 / 28,27 € *(volume: 3563)* +- 🟩 110 minutes in: $28.81 / 28,32 € *(volume: 3561)* +- 🟩 105 minutes in: $28.77 / 28,27 € *(volume: 3301)* +- 🟩 100 minutes in: $28.76 / 28,27 € *(volume: 3300)* +- 🟩 95 minutes in: $28.76 / 28,27 € *(volume: 3300)* +- 🟥 90 minutes in: $28.72 / 28,23 € *(volume: 2879)* +- 🟥 85 minutes in: $28.72 / 28,23 € *(volume: 2708)* +- 🟥 80 minutes in: $28.74 / 28,25 € *(volume: 2501)* +- 🟩 75 minutes in: $28.79 / 28,30 € *(volume: 2466)* +- 🟥 70 minutes in: $28.69 / 28,20 € *(volume: 1966)* +- 🟩 65 minutes in: $28.80 / 28,31 € *(volume: 1300)* +- 🟥 60 minutes in: $28.52 / 28,02 € *(volume: 1040)* +- ⬜ 55 minutes in: $28.52 / 28,03 € *(volume: 1040)* +- 🟩 50 minutes in: $28.52 / 28,03 € *(volume: 1040)* +- 🟩 45 minutes in: $28.41 / 27,92 € *(volume: 1040)* +- 🟩 40 minutes in: $28.32 / 27,84 € *(volume: 790)* +- 🟩 35 minutes in: $28.31 / 27,83 € *(volume: 790)* +- 🟩 30 minutes in: $28.31 / 27,83 € *(volume: 118)* +- 🟩 25 minutes in: $28.29 / 27,81 € *(volume: 118)* +- 🟩 20 minutes in: $28.29 / 27,80 € *(volume: 83)* +- 🟩 15 minutes in: $28.27 / 27,78 € *(volume: 83)* +- 🟩 10 minutes in: $28.26 / 27,77 € *(volume: 60)* +- 🟩 5 minutes in: $28.25 / 27,77 € *(volume: 10)* +- 🟩 0 minutes in: $28.25 / 27,77 € *(volume: 10)* +- 🟥 US close price: $27.85 / 27,37 € *($27.75 / 27,27 € 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 1.0175. 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! +Hi all, + +Long time lurker on this subreddit. I see loads of different posts ranging from people in their 20's with a huge amount of money (salary and/or savings) to those in their later years not earning too much and not sure where to go. I wanted to share my story with you. + +As of right now, I am 27 and on a salary of £31k. I literally only got this salary this month, for the first time in my life. I never earned more than £24k until then and for most of my working life, I was under £20k. I have always lived in London so you get the idea. + +I went to uni when I was 18 (still in London) to do a degree that by the end of the second year wasn't for me anymore, still I got my degree as it was worth finishing. During this time I got the maximum loan due to coming from a poor home and I was bad with it. I had a student account with a £1500 overdraft, which was a huge mistake. By the end of the 1st year at uni, I maxed out the overdraft (as it was a student account, I was not being charged this) and I also had a student credit card, which I was £500 into. I was 19 at this time and already -£2000. + +That trend did not change after uni, I met someone, it got serious, almost got married and both in debt. I worked as an estate agent and some months I would be at least £100 out of the overdraft, only to fall right back in. Month before the wedding it got called off after 5 years together and we lost all the deposits as well. I moved back in with my mum with a loss of identity and owing the bank money. + +This was the best thing to happen to me. + +During this time I paid very little rent, which allowed me to focus on paying off all my debt, I didn't feel like going out or seeing friends so I didn't have much reason to spend. I opened a HTB account as well to put away what little money I had at the time. I was working in cyber security on £23k at the time. After a few months I was able to be debt free and meet someone. + +Fast forward a couple of years and here I am. Earning over £30k after finally getting a promotion, good amount saved up, preparing to buy a property in the new year and a comfortable joint house hold income. + +I got very lucky in my timing. When I moved back home, my account was in the last year of being a graduate account, this meant I still wasn't charged for being in the overdraft and the final year gave me time to pay it off. I paid of my credit card bit by bit until I was out of my overdraft and then I paid the rest off. + +I wish I had seen this subreddit at the time, looking at the flow chart, it's an incredibly helpful tool and would have been useful for me at this time. If you feel like you are struggling with debt, please follow this chart. + +My goals are to buy a property within 2021 with my partner, get married, do some low risk investing and then see what the future holds. But looking back at when I thought my life had fallen apart, I don't even recognize that part of me anymore. +thanks to who ever been talking about this last week. i got some and its already worth double my btc investment! +not sure if i should add more to get more raiblocks, or just leave mine alone for a year and see what happens. though being hard to get a hold of, i feel once it hit a bigger exchange there might be more fomo. feels very early for raiblocks. kinda like btc felt back in 2012 or so +This is not financial advice. Capital at risk yadayada + +With Sears and other delisted companies recently getting a lot of attention both here and on Twitter, many of you are probably wondering how is this relevant to the GME saga. I think I know why this company and possibly other companies that have been shorted to delisting may be the catalyst that drains the SHF of their cash and is one of the final nails in the SHF coffin. Titties jacked, as always. + +A lot of you people have hyped up a NFT dividend because with it RC could prove that GME is naked shorted, because all short sellers must pay the dividend's worth to the DTCC to distribute for every share that they are short of, but with NFTs it wouldn't be possible due to every single one token being unique. Keep this in mind. + +A few smarter apes have thought that there is a naked short selling scheme in place for the SHF to bankrupt a lot of companies and then get huge amounts of cash with the bankruptcy jackpot, which is a loophole where the SHF in theory doesn't need to close their short position, meaning there is no taxable gain (privilege of the prime brokers who have instant access to the money gained from short selling). This scheme includes using bought corporations' credit lines to buy other companies' majority ownership, installing bad faith actors on the boards of these companies (primarily CEO/CFO positions), giving out lavish bonuses and generally wasting all of the company's assets and increasing liabilities, shorting and naked shorting these companies until they reach $0 or close to it and are delisted (not necessarily in that order). + +How the scheme works is described in these Superstonk posts: + +[Amazon, Bain Capital and Citadel Bust Out the Competition](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) by /u/jumpster81 + +[Hedge Funds Stole the American Economy & Created the Richest Man in the World](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) by /u/AvidTreesFan + +Courtesy of [The post about Gamestop being a victim of Jeff Bezos - this time with text!](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) by /u/tophereth + +This whole scheme has a lot of moving parts and obviously not everything is done by just one evil corporation or individual, but by a bunch of them working together, so, mistakes are bound to happen. + +For the SHF - Sears was a fucking huge mistake. And I think it's the hay bale that broke the camel's back. + +Normally, the installed bad faith actors in the board of the targeted company would work diligently to make sure the company's liabilities>assets before bankruptcy. But with Sears they fucked up in this regard. One person who draws attention to this is Eric Moore, who specializes in buying stock of bankrupt companies to get that juicy bankruptcy dividend (when assets>liabilities). His own description: + +&#x200B; + +https://preview.redd.it/1j8k1etby9l71.png?width=1108&format=png&auto=webp&s=e00d4032e1761f5b4d904e156f3bca54ba78f0eb + +Here's a MSM article about this (replace the $ with s, automod likes to remove posts with that word): + +[Sears Holdings: How To Buy 17 Dollars For 17 Cents](https://$eekingalpha.com/article/4392995-sears-holdings-how-to-buy-17-dollars-for-17-cents) by Eric Moore. + +Honestly, I don't blame them, the explanation for Eric's thesis is quite complex. I don't really understand the hard parts, but maybe somebody less smooth can corroborate. + +So, if you believe that the SHFs are naked shorting companies into oblivion and they didn't close a lot of their positions to avoid taxes, they are bound to owe the DTCC a lot of money for dividend redistribution. Or, more precisely, $3.5bn per shares outstanding shorted. + +It's possible that the recent run-ups since January could be related to them trying to close out their positions just so they wouldn't have to pay so much money in dividends, but time will tell if that is even possible for such an illiquid stock. Another possibility is the use of portfolio swaps that makes these stocks go up and down, alongside GME and co. + +&#x200B; + +[Wut doing, SHF algos?](https://preview.redd.it/q30j3dqqz9l71.png?width=1409&format=png&auto=webp&s=220be3a069413c393b49eab377f04db586b6f2d8) + +Either way, depending on how taxes work (idk, how do they work?) it may mean they would need to either pay capital gains tax on their gains or pay the dividend. + +I do not believe that they are in a position to easily pay off the DTCC or IRS, if these SHFs are the same that shorted GME and other "meme stocks". This could potentially be a catalyst for a failed margin call. + +~~By the way, retail investors do not have a way to buy Sears shares anymore anyway, so, this by definition, cannot be a shill attempt.~~ I believe that GME is the real squeeze. Apparently, US apes can't buy Sears and a lot of other delisted stocks, but Frankfurt exchange still offers German apes to buy in. + +TL;DR: + +It's possible that Sears was naked shorted. Sears bankruptcy plan may mean that $3.5bn is given to shareholders with dividend. If short positions are still open, SHFs owe a lot of money to DTCC who would distribute it to every shareholder. If SHFs decide to close positions to not pay dividend, it may be very hard to close all of them without jacking up the price and maybe they will need to pay tax on all positions closed. Possible catalyst. Hedgies r fukd +We have incredible people doing amazing things every single day!! + +I just wanted to say, i’ve never been part of the cool kids club in my life, i’ve never been early to anything and I just want to thank you all for being here and keeping the dream alive. Without all of you apes in here im certain that the crushing weight of the pandemic would have gotten the better of some of us here. + +Big shout out to the mods who are the greatest mods I have ever encountered on the internet; shout out to all of the wrinkle brained apes and Kong apes that have helped us to stand up straight and evolve; and shout out to all of you regular apes like me who are here because they want to change the world for the better. + +Keep on keeping on! +👍🏽 (+20 likes from u/indianyellow_ ) +There are EIGHT $GME Institutional Shareholders who have $GME Shares **and** either CALL or PUT Options, or have **both** CALL and PUT Options on GameStop Corp. (NYSE) Stock - $GME. + +**Top 28 Institutional Shareholders’ positions** **mostly as of 2022-Mar-31** are shown in 2 screenshots. + +https://preview.redd.it/84lj3om9m0491.png?width=1122&format=png&auto=webp&s=055447e0841f64d963f63c929fae07f75dc670ea + +&#x200B; + +&#x200B; + +https://preview.redd.it/sft8wejkm0491.png?width=1122&format=png&auto=webp&s=5828c71f69372d88c38789f0eff8c5ccd295a6c8 + +It will be interesting to see what the institutions have been doing during the second quarter of 2022. Institutions are obliged to disclose by mid-August, and Funds by end of August - their positions as of 2022-Jun-30. + +**I intend to make another similar post** after both Institutional shareholders and Funds have filed their positions – **by end of August, 2022**. + +Not financial advice as I am not a financial advisor. Do your own research and do what you think is best for you. +>**In the week ending May 2, the advance figure for seasonally adjusted initial claims was 3,169,000, a decrease of 677,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 3,839,000 to 3,846,000.** The 4-week moving average was 4,173,500, a decrease of 861,500 from the previous week's revised average. The previous week's average was revised up by 1,750 from 5,033,250 to 5,035,000. +> +>**The advance seasonally adjusted insured unemployment rate was 15.5 percent for the week ending April 25, an increase of 3.1 percentage points from the previous week's unrevised rate**. The advance number for seasonally adjusted **insured unemployment** during the week ending April 25 was 22,647,000, an increase of 4,636,000 from the previous week's revised level. The previous week's level was revised up 19,000 from 17,992,000 to 18,011,000. The 4-week moving average was 17,097,750, an increase of 3,800,250 from the previous week's revised average. The previous week's average was revised up by 5,000 from 13,292,500 to 13,297,500. + +[DOL Press Release](https://www.dol.gov/sites/dolgov/files/OPA/newsreleases/ui-claims/20200871.pdf) + +&#x200B; + +>\- Though the numbers remain elevated, it’s the lowest total since shortly after the coronavirus was declared a pandemic. +> +>\- The seven-week running total is now 33.5 million. + +[CNBC](https://www.cnbc.com/2020/05/07/us-weekly-jobless-claims.html) +Anybody here like to cruise and have recommendations are what luxury cruises lines they prefer and why? 50-ish couple. We've done a number of cruises but want to upgrade the experience a bit. No specific destinations in mind right now. Thanks for the input. + +EDIT: Thank you all so much for the input. Unfortunately, I came away with even more questions and more cruise lines to research. Lot's of opportunities for future travel. +It's that time of the month. Some of us just received cash from salary or business income. What are you planning to invest in? What did you sell, and why? If you are continuing to hold onto existing investments, what are they and why do you hold them? Are you avoiding anything? Again, why? + +The discussion is not just for individual stocks of companies, but also for mutual funds and other investments. Feel free to share your investment rationale. This thread does not exist not only for disseminating knowledge on investment decisions (the why?). Others are free to assess your rationale. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. None of this is investment advice or a stock recommendation. Kindly do your due diligence and/or consider seeing a registered investment advisor before making any financial decisions! + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=monthly+discussion+thread+&sort=new&restrict_sr=on&t=all) + +PS: Be friendly. Be civil. +I was wondering how startup founders and co-founders find investors (legit) that invest money into their company? Is there some kind of organization or is it through their personal sources? +Where can I get information to predict which option’s return on investment will be better for me in the long run? + +Factors I’m taking into consideration: +-I need a new roof now, and I could bundle that with a solar system and save +-Buying a solar system upfront would cost about a third of my Fidelity investments +Current Eversource electric bill ranges from $70-300 per month: Electric rates have been going way up and I don’t know if they will continue to rise + +What else should I be considering? +Hello! + +I've been wondering about this topic for a while, but just wanted to get more information or perspectives on this. + +When I was young (15 yrs), I would just put a portion of my paycheck into a little security box after helping my family with some of the financial struggles. I just remembered that I still had that little security thing in my safe and was wondering if it was okay to put it into my bank savings. + +The advice and opinions I received from the people around me were 50/50 (keep it as cash vs. put it in your savings account). I just wanted to know which one would be more beneficial for me as a 22-year-old. + +Also, I made my 1st savings account and have been saving money for the past 5 months (which is when I started working at my new job). If anything, I was planning to put it in there. +Is having a financial planner worth the investment? Currently, I am 27 making 100k Gross and my fiancé is 26 making 130k Gross not including bonuses. (No Kids) Up until this point I have been managing all of our budgeting and expenses. We contribute about $3,500/month to a savings account. We bought a house in 2022, and have since been building up our savings. I don’t have any experience with investing/banking so I am struggling to make financial decisions to set us up for the future. Mainly just where to put the additional income etc. Currently we have a cash savings along with our 401ks. How do financial planners make money and are they worth it? Also, how much do they charge? +Is having a financial planner worth the investment? Currently, I am 27 making 100k Gross and my fiancé is 26 making 130k Gross not including bonuses. (No Kids) Up until this point I have been managing all of our budgeting and expenses. We contribute about $3,500/month to a savings account. We bought a house in 2022, and have since been building up our savings. I don’t have any experience with investing/banking so I am struggling to make financial decisions to set us up for the future. Mainly just where to put the additional income etc. Currently we have a cash savings along with our 401ks. How do financial planners make money and are they worth it? Also, how much do they charge? +Tell me your thoughts on this. I've been running some spreadsheets and keep coming up with the Assets Under Management fees as being a HUGE drain on my retirement accounts. Here's my situation and numbers (I've rounded the numbers to simplify the example) + + +Roth IRA account with $100,000 +Our income is too high to add more to it, so the account will just grow on it's own. +25 years before I need the money +8% return in a low-fee index fund, .85% AUM fee + +Here's the results I get in Excel. After 25 years: +Balance with AUM: $562,000 +Balance withOUT AUM: $685,000 +Difference: 21%, or $122,759 + +So, if I take out 4% a year in retirement, that's $22,500 with AUM, and $27,000 without. And that's not really a fair comparison, because the AUM account still takes .85% per year. So if I take 4.85% out of the non-AUM account, that's $33,200. + +That's a 50% increase in my retirement income! Or, looking the opposite way, my financial advisor is taking 1/3 of my potential retirement income. What a terrible deal! Can you imagine if they pitched this up front? + +"I will hold your Roth IRA for 25 years, but do no active managment. My fee during those years will be $123,000 on your account that currently only has $100,000 in it." + +I just don't understand the justification. I assume everyone is just ignorant of this fact. And as long as their account goes up, they are happy. +I just sat down with my 80 year old mother to understand her financial situation. (Aside: I highly recommend doing this if you have never done so.) In the course of reviewing her expenses, I discovered a few things and I'd like some advice on because man this stuff is HARD. + +First some background... + +* She has no income besides for social security and alimony of about $1300 a month. +* She owns her own house but has to pay HOA fees and property takes of $250/month. The house is worth about $150k. +* Add in water/electricity/cable/cell phone for about $250/month. +* She has a small nest egg of about $30,000. Unfortunately, $15k of this comes from me because I realized last year that she was having trouble. However, she was not completely honest with me about her expenses at the time (surprise!) and I didn't realize the extent of her trouble until now when I've done a more thorough accounting. + +Here are the two issues I'd like some advice on... + +She is paying $270 a month for a relative's car insurance. She does this because this person is a bit unreliable in paying their bills and she worries that the car insurance provider will drop them if she doesn't pay the bill. Firstly, is $270 a month decent for a pick-up truck in NYC? (I would not be surprised if this person has a few tickets.) I do not have a car so I don't worry about these things but any tips on shopping around for better car insurance? Secondly, she can't afford to pay this so I have to convince her this is not her problem. (Bigger issue obvs. Will be hard to solve I think but I'd appreciate any advice.) Relative's name is on the car insurance but bill comes to my mother. + +She also pays about $200 a month to this relative's AMEX card. The family member throws $50 in now and then. This card has a balance of approximately $7500 and the interest alone is $100+ a month so this is like a deep dark hole. The card is in her name and relative is an authorized user. I want to get her name off this account and/or close it but she does not have the funds to pay this off. (And for obvious reasons, I am loathe to give my mother any more money at this stage as I will be inadvertently funding said relative.) Any tips for getting her off this account and just switching it into relative's name? (I will call Amex about this too although I am not sure if they will talk to me?) I am not sure about the relative's credit rating -- let's assume average -- any tips for a good 0% interest short-term/balance transfer credit card to suggest this person signs up for? + +&#x200B; + +This stuff is pretty depressing. Adulting is hard. Thanks for any suggestions. +Hello! + +I've been wondering about this topic for a while, but just wanted to get more information or perspectives on this. + +When I was young (15 yrs), I would just put a portion of my paycheck into a little security box after helping my family with some of the financial struggles. I just remembered that I still had that little security thing in my safe and was wondering if it was okay to put it into my bank savings. + +The advice and opinions I received from the people around me were 50/50 (keep it as cash vs. put it in your savings account). I just wanted to know which one would be more beneficial for me as a 22-year-old. + +Also, I made my 1st savings account and have been saving money for the past 5 months (which is when I started working at my new job). If anything, I was planning to put it in there. +My father recently passed away, and we have found that he never discussed his finances with anyone. (Not his spouse, siblings or children) He had a good income, but also spent lots of $$, so we're guessing he has something between nothing and secret millions. He has his statements being mailed to at least three different addresses after interstate moves(and maybe e-statements, who knows?), and largely organized papers by remembering which pile they were in, so figuring out what his estate consists of is a hot mess. + + +We have an appointment with an estate lawyer in a few weeks, but their office (and the coroner's office, and the crematorium and everyone involved in the process) are very backed up due to the unusually high number of deaths this year, so we'd like to try to find as much as we can in the meantime. + + +I know about the NAIC life insurance locator, are there any other tools like it to help find assets and debts my dad might have had? +Those of you that have received significant pay rises going from job to job - did any of you apply for jobs with higher salaries thinking “Well I might not get it but it’s worth applying” - or did you feel that the salary on offer is what you should be paid instead of what you were/are? + +I have been looking and applying online for jobs with starting salaries of £10-15k higher than mine, but I do the same in my current job as the responsibilities outlined in the ads. It just makes me feel odd that I’m applying for jobs which such a difference in pay as what I currently get, even though I’m sure I can do them. I’m in sales, btw. + +Has anyone else felt like this, and how did it turn out? +TLDR; If Gamestop issued a special dividend in a Crypto launch -- it would send those who created fake shares scrambling to find GMECoin to pay dividends on those positions. Call it a Crypto-Squeeze set off by market manipulation. + +\*\*\*\*\*\*\* + +# Crypto as a Special Dividend: How It Might Work + +Now, if I were developing a crypto, and wishing to promote my company transition to ecommerce ... I might tie said Crypto it to a special dividend (this has been done before: [Overstock Pays Blockchain-Powered Dividend](https://www.forbes.com/sites/robertanzalone/2020/05/20/overstock-pays-ostko-over-4-million-shares-now-trading/?sh=6bdd600248b4) \-- credit to u/fsocietyfwallstreet for that) and use my completely rational brain to come to a completely rational decision, to create 1 Token (call it GMECoin) for every 1 GME share that (allegedly) exists funded at $5 a piece. That's roughly 70M, so let's make it 75M and keep 5M on hand, just in case... I don't know, as Gamestop I wanted to **raise $1,000,000,000 without creating 3.5M more GME shares**. Because I know I didn't commit to anything. Just kind of threw it out there... for fun. + +[GameCoin](https://preview.redd.it/i4wm7oq2dzs61.png?width=250&format=png&auto=webp&s=47d5dd935c62caac62b57fa60b1759b160726a88) + +When I issue this special dividend, I would immediately publish this new Crypto at $5 -- doubtful (lulz, with a straight face) it would go anywhere quick. Each share of GME gets 1 GMECoin, worth $5 on launch. Only 70M shares right? Lulz... + +The next day, after my announcement, I might list the other 5,000,000 GMECoin on the market, and see what happens. If someone within a group of someone's REALLY needed to find GMECoin to.... hmmm... pay a collective 550,000,000 bogus shares (give or take half a billion fake shares) each a GMECoin, they might be desperate to find them, and quick, before the others do. + +&#x200B; + +# The Crypto-Squeeze + +I might watch the value of GMECoin the day after the announcement go from $5, to $500, to $500,000, to $50,000,000 a piece. Maybe? + +But I don't know what I'm talking about. I'm just an Ape, I'd probably sell my GMECoin(s), and buy more GME with it. I like the stock that much. + +&#x200B; + +# Is Crypto Already In The Gamestops Plans? + +I see Gamestop is hiring lots of developers, and thanks to [u/Pouyaaaa](https://www.reddit.com/user/Pouyaaaa/) for finding [this GME Job Opening for a Analyst, Security Developer](https://careers.gamestop.com/job/analyst-security/J3V0R174DZHKP9C5FVQ) that mentions Crypto as an additional skill, it seems evident they may already be posturing for a dive into Crypto, for their e-commerce, e-gaming pivot. + +https://preview.redd.it/0u79qp884zs61.png?width=1101&format=png&auto=webp&s=edfe3044dae5619fd5c9b7f76285e17f2393d789 + +# Disclaimers. + +I don't know what I'm talking about. + +I'm not a cat. + +I bash keyboard with crayons for a living. + +Not financial or Crypto development advice. +I've seen a few posts about this the past couple of days and just wanted to clarify things. If you've played around with margin accounts before, you might've experienced the problems that can emerge from being margin called yourself. You have a certain time period to meet a new requirement for cash on hand or the brokerage liquidates your position even if it makes you lose money. + +What I'm saying is, the MOASS doesn't start just because a firm gets margin called. For all apes know there could have been multiple margin calls already, but they haven't failed them, YET. + +**It starts when a firm FAILS a margin call.** + +It starts when they can't meet the new margin deposit requirement, either because the stock price of GME increases (which decreases the size of their existing deposit as a percentage) or they can't raise enough cash in time by selling other holdings. Once ONE SINGLE FIRM FAILS, the dominoes will start to fall because at that point the DTCC will start to liquidate positions which will **trigger a chain reaction driving the price upwards like you've never seen**. The first one to be liquidated will be at the cheapest price. + +The DTCC holds margin deposits for its Participants. But these are mostly U.S Treasury Securities or U.S Debt Securities. They also hold some Cash in Money Market Funds as margin. They don't really fluctuate in value once they are deposited. + +[From their Annual Report.](https://imgur.com/a/Lv3hHN1) + +So either GME increases and they need to add more dollars OR margin requirements change (new rules on the horizon) and they need to liquidate other positions to add more dollars. If they can meet the new requirement by adding more dollars, it's business as usual. BUT IF THEY CAN'T..... 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +It's just a matter of time before they won't be able to meet those requirements. GME ain't going bankrupt anymore and the margin requirements are being adjusted. All apes need to do is wait as the interest continues to bleed them dry. Buy and HODL. Not financial advice. + +EDIT: Clarified a line. +EDIT 2: Removed an accidental use of "we" - this is individual apes knowing stuff, yo! +I've seen a lot of questions about whether having limit orders in GME will impact the stock price, so I thought I'd add my understanding. I can't comment on whether those shares can be lent out - I would guess that if the limit price is far enough away (for example, outside of the limit-up/limit-down bands), that they can be lent out, but I don't know for sure. Given the lack of oversight and regulation around stock loan, I doubt it really matters either way. + +That being said, I can tell you pretty definitively that having limit orders far away from the NBBO will not positively or negatively impact the stock price. Generally speaking, high-frequency trading systems (and other automated pricing engines) model supply and demand by incorporating all of the information in the order book, so those orders are included in the model. However, they are not counted as a full share. Most models use some type of decay model - often an exponentially-weighted one. This means that the shares at the NBBO are weighted far more than shares that are posted further away - and the further away you go, the less those shares are counted. So if there are 1k shares at every price level for 10 cents, the pricing engine wouldn't model 10k shares. The first 1k shares are multiplied by 1, the second would be multiplied by 0.9, the third 1k shares would be multiplied by 0.5 the fourth by 0.3, etc. So the pricing engine would model those 10k shares as more like 2k shares, and any additional shares posted far away from the NBBO would barely impact that. + +This is an area of constant research, and is usually referred to as "micro-price" - when HFT models attempt to determine the current security price based on supply/demand dynamics. Here's a decent paper covering the basics and citing to research, if you want to get deep into it. If you look at this paper, you'll see the description above is obviously a simplified example: + +[https://iextrading.com/docs/stoikov\_micro-price.pdf](https://iextrading.com/docs/stoikov_micro-price.pdf) + +I seemed to do way better the less I knew. Like a lot better. I notice new people on here and r/options having similar success with no experience. + +So I started looking into this and I found an article from a study at Princeton where monkeys have been throwing darts at stocks on a piece of paper for the last 40 years and every year outperformed index by about 2% every year. + +Also found this video of the same kind same kind of thing where this guy spins a wheel and flips a coin to take positions and has similar results. +https://youtu.be/5L0gmU7G9tE + +So I do my research and there will be a company with a great track record, that’s undervalued, that’s just got all these new clients and contracts, and just crushed earnings by 1000% and somehow this type of investment has screwed me over every time but if I don’t think about it and just “buy the dip” on literally anything I’m making 100% gains. So do you guys honestly think there’s something to this or is it just dumb luck? +Well, the last one seemed pretty well received. Hope this edition is helpful too. + +The "22" here means you're done with full-time education, have a career with meaningful income, and are responsible for your own support. Some people start this at 18, some at 26; age is not important. This assumes you are a single childless renter employee; ELI30 will cover marriage, home ownership, and children. If you have moved in with your partner but are still renting, it’s still going to be pretty relevant to you. +You have money now, congratulations! Read [this](https://www.reddit.com/r/personalfinance/wiki/commontopics) excellent summary of how to handle it. This will highlight three Big Ideas to get you started. + +* **Taxes**. Your employee income is taxed/withheld according to your income bracket. The amount of tax you pay will depend on how much you earn. Australia uses a sliding scale of tax. The highest rate of tax you will pay is known as your marginal tax rate. Please bear in mind the below example doesn't include any offsets. + +($0 - $18,200) +Nil + +($18,201 - $37,000) +19c for every dollar over $18,200 + +($37,001 - $80,000) +$3,572 + 32.5c for every dollar over $37,000 + +($80,001 - $180,000) +$17,547 + 37c for every dollar over $80,000 + +($180,001 and over) +$54,547 + 47c for every dollar over $180,000 + + +This means that if your taxable income was $60,000 per year, your tax would be calculated like this: + +$18,200 +x nil = $0 + +$18,800 ($37,000 - $18,200) +x 19c = $3,572 + +$23,000 ($60,000 - $37,000) +x 32.5c = $7,475 + +Total tax: **$11,047** + +This only applies to Australian residents who are 18 and over and does not include the Medicare levy. The Medicare levy is why you get “free healthcare” it is an extra 2% of your taxable income. +Taxable income is reduced by deductions – expenses incurred due to being employed. Generally, they must be incurred within the hours you have been paid for or directly relate to earning income. Deductions can also include things like union fees, donations and study expenses for relevant courses and professional membership fees. +You must lodge a tax return if you have earned any income. + +Big Idea 1 is: reduce your current taxes by making less of your income taxable. + + +* **Debt**. You borrow money now so you can spend it, yay! But then you have to pay it back, and typically pay back more than you borrowed, boo! You've lost money as a result. The extra amount you repay is determined by the interest rate. These are usually calculated daily. So a 10%p.a. (per annum) loan will be calculated at 0.027% daily on a compound basis. +The longer you take to repay the loan, the smaller each payment, but the more interest you'll then pay. It's a trade-off. + +Big Idea 2: Reduce the amount of interest you pay by getting lower interest rates, and quickly repaying the debt. + + +* **Investing**. In ELI18, it was noted bank interest won't make you rich. The good news in ELI22 is: investments can make you current millionaire rich. The catch is: it takes decades, and you must regularly invest significant sums. This why you start at 22! +Make sure you're ready to invest by checking you have: + - Your debts under control + - Enough cash for emergencies (a good rule of thumb is to have easy access to 3 months' worth of household expenses) + - Adequate insurance protection. (Contents, car and health are particular important). + +It is best to ensure you have a diversified portfolio, meaning you are not investing in one industry and are looking at several options such as shares, cash, fixed interest (bonds) and listed property. This helps any losses made on some investments will be balanced by what you gain on others. + +One of the best way to ensure diversity is [Exchange Traded Products](http://www.asx.com.au/products/etf-and-other-etp.htm) (ETPs) like Exchange Traded Funds (ETFs) and Managed Funds (MFs). Your money is pooled with money from other investors and a professional investment manager uses the money to buy and sell assets on your behalf. ETF's are more liquid and have lower fees than MFs. Using ETPs It is easier to access several investment classes, including property which would be hard to get at this stage. The point of investing is to gain a return over a long period of time. + +Big Idea 3: Invest Early and often for your future, especially toward your retirement. + + + +Got the Big Ideas now? Good! Let's see how we combine them for some meaningful benefits for your ~22-year-old self. + +* Super contributions. You are going to retire someday. Invest and reduce current taxes by letting your employer contribute a percent of each pay check to your superfund. This is because [personal contributions](https://www.ato.gov.au/individuals/super/growing-your-super/adding-to-my-super/personal-super-contributions/) are taxed at a lower rate. There is a [cap](https://www.ato.gov.au/Individuals/Super/In-detail/Withdrawing-and-paying-tax/Super-contributions---too-much-super-can-mean-extra-tax/?page=5#Your_age_and_super_contributions_caps) on personal contributions, so best to check with a Tax Agent on the most you can take out. If you do add to your super you may also be eligible for a [super co-contribution](https://www.ato.gov.au/individuals/super/in-detail/growing/super-co-contribution/) from the Government. +Remember that you still need to pay your expenses and this isn’t a huge necessity as you may have other financial goals. But still put as much as you’re able to. It’s a solid investment. + +This money is invested for you, available penalty-free after 65 or before that depending on your [preservation age](https://www.ato.gov.au/Individuals/Super/Accessing-your-super/). If you change jobs, the money can go with you. Make sure you put your current fund's details when you fill out your Super nomination form at a new job. Contact your superfund and they will send you out a prefilled form to make it even easier. + +* Yet more retirement options: SMSFs. [Self-managed Super Funds](https://www.ato.gov.au/Super/Self-managed-super-funds/) are do-it-yourself super funds. This will come up later in life as you will generally need a few hundred thousand dollars to set it up. +*We can go over this later, but it’s best if you keep with your industry superfund for now.* + +* HELP/VET-FEE HELP loans. Remember that? *When filling out your TFN (tax File Number) declaration form, it will have an option of whether or not you have a HELP debt. Make sure you tick this box regardless of your income.* If you’re an Australian citizen you don’t pay anything until you’re earning over $54,126 a year. Once you earn over this amount, repayments will come out of your wages along with your tax [according to your income](https://www.ato.gov.au/Rates/HELP,-TSL-and-SFSS-repayment-thresholds-and-rates/). You can also make [voluntary repayments](https://www.ato.gov.au/Individuals/Study-and-training-support-loans/Voluntary-repayments/) and receive a bonus, though this expiries on 1 January 2017. +Hopefully you don’t have any other debts at this stage. + +Let's wrap up with a few other topics of general interest to 22 year olds: + +* University can be a good idea, but can also be a very expensive idea. Don’t go to Uni for the sake of going to Uni. Go there because you have an interest in a field of work and want to further your knowledge in that field. + +* You may be responsible for your health insurance. (You could be on your parents' plan until age 26 in many cases, though that may cost them something.) You may be able to access a corporate Health Care Plan. They’re usually good value. Make sure you shop around. Make sure extras cover relevant expenses to your situation. i.e. If you’re not doing regular sport or don’t have an injury maybe physio isn’t that necessary. + +* With more income, you can rent a nicer place within the same 30% of take-home guideline. You may not even want a roommate! Of course, any money you spend on housing is money you don't have for other things. Living with your parents is still a viable option if you want to save, e.g. to pay down student loans. Please make sure you have renter's insurance, it's well worth the small cost. (Note that we assume you are not yet ready to buy a house; you may not yet be sure where you want to live long-term, have limited work history, or have insufficient down payment.) + +* You can also afford a nicer car, (only if you need it!) since you have better credit, and lower insurance rates. (You don't have to upgrade your car, and you'll save money if you don't.) Paying cash is still an option, but if you qualify for a 1% car loan, consider taking it to free your money for purposes like retirement investments and loan repayments. A good target price is perhaps $15K, with a $10K loan, which works out to 4 years at $220/month. Your total cost-of-car would be about $5K annually. Selling your old car privately should get you 20% more than you would by trading it in to a dealer. +**Don’t buy a new car** + +* More expenses means budgeting becomes much more important. You'll want to have a bigger emergency fund; we recommend at least three months' expenses, to cover that bad day when you lose your job and your car breaks. With more expenses to track, look into a program like [You Need a Budget](https://www.youneedabudget.com/) (YNAB) to help keep track of where your money is, and where it needs to be in the future. Alternatively just use a spreadsheet if you just want to track your spending. Look for ways to economize where you can, whether by cheaper cell-phone plans, learning to cook so you want to eat at home, or taking advantage of employee discounts. + +* While you don't have a lot of tax deductions yet, take a look at possible [tax breaks](https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/) for [self-education](https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/self-education-expenses/), [investment](https://www.ato.gov.au/individuals/income-and-deductions/deductions-you-can-claim/interest,-dividend-and-other-investment-income-deductions/) +and [travel and laundry expenses](https://www.ato.gov.au/Individuals/Income-and-deductions/Deductions-you-can-claim/). You may not need to itemize to take advantage of these, but caps may apply. + +Man, was that long. Hope this helps and was a little more Australian Specific than the last one. Feel free to add anything constructive! + +Edit: Mixed some wording and figures up. +And yet we should be. If you believe in ETH then 2k is a GOOD DEAL. We've already proven we're worth 4k per ETH. So if you regretted not buying more before, then **NOW IS THE CHANCE** to fix that. +Wow! Vanguard is growing at an impressive rate (8.5x as much money invested in Vanguard funds as in all other mutual funds combined in the last 3 years): https://mobile.nytimes.com/2017/04/14/business/mutfund/vanguard-mutual-index-funds-growth.html +https://fortune.com/2020/08/25/tiktok-deal-transform-microsoft/ + +Adding TikTok would make Microsoft a major player in the digital ad business, which currently has 70% of market share going to Google, Facebook, and Amazon, according to eMarketer. + +Among 18 to 24 year-olds, only 17% use Microsoft-owned LinkedIn. For TikTok, that number is more than double at 42%. Only Instagram (82%), Twitter (46%), and Facebook (46%) have a greater reach with young adults. + +Around 90% of Microsoft’s $1.6 trillion current valuation can be attributed to its enterprise cloud strategy, including Azure and Office 365, according to Wedbush. Acquiring TikTok would help Microsoft diversify its business and find new areas for growth. + +Thanks for the awards. +Interested to know from some of you, because when me and my husband sit down and try to work out how to make this possible, it seems he would need a £40-45k a year salary? Just seems crazy. +So to be very frank with you all, ever since I've started trading 6 years ago (when I was 24), I've managed to accumulate losses of $100K. I used to be a swing trader, trading mostly biotech. I turned 50K into $150K and then pretty much lost it all on a company which went bust. + +Then a few years, I decided to start with options trading. Initially having a few lucky hits, with options I lost another 50K. + +In 2020 I decided to give it another try. I definitely learned more about technical analysis, managing risk, quick scalps, cashing profits to the bank ASAP, etc. I did a $10K options account challenge and within 4 months I made $100K on scalps with monthly/weekly options. I then got a bit greedy recently and kept $50K in my account, and blew that $50K on some stupid weeklies. I'm still left with $50K profit for the year from the initial $10K deposit, but yeah recently I decided just to cool down a bit + +My problem though is controlling the more with the emotional aspect. Should I stick back to the $10K strategy? Or just take a break from trading in general? +Hey guys, + +I'm a computer security and distributed systems guy. I've did audits and trainings at many large banks and lotteries and also built complicated stuff like a quantum cryptography engine and a p2p file sync engine. I also worked at TradeHill for 3 months in 2011. You can learn more about me here http://paulbohm.com/about/ + +You may also know me from a Bitcoin article I wrote two years ago that's popular on Quora: http://www.quora.com/Bitcoin/Is-the-cryptocurrency-Bitcoin-a-good-idea + +I'm really annoyed at the exchange software quality and yesterday spontaneously tweeted that I'd start working on an open-source high-performance highly-secure exchange engine and asked if anyone wants to join me in my San Francisco apartment. + +Seven people showed up, including a Stanford professor, someone who built an ISP, someone who previously built a payment system and an angel investor. They all were tremendous help in nailing down the core architecture. Later today another friend will come by who is an expert in B-tree filesystem design, which will help with getting the data structures right. + +I'm doing some explorative coding at http://github.com/buttercoin/buttercoin and note-taking at http://buttercoin.hackpad.com/ but it's really just a rough outline right now. + +Basically I want to build something similar to the LMAX architecture (http://martinfowler.com/articles/lmax.html), in node.js and put it under an MIT license. If this worked it should allow us to process enormous amounts of transaction, or even do things that help distribute exchange more. + +Let me know if any of you are interested in joining a hipchat or hackpad and discussing the design, or contributing on github. + +I can't promise this will succeed - before yesterday I had no plans or ambition to write an exchange, but I really want Bitcoin to succeed and I don't think it can without a quality opensource exchange package. + +You can email me at ~~enki@bbq.io~~ or if you want to motivate me send donations to ~~1McqPj92jvWfFg5F24dwyDSUptjTosH2EY~~ (i will donate any funds received to the bitcoin foundation should I not succeed at building buttercoin). *Update:* I'm no longer with the project, please get in touch with buttercoin.com + +Any thoughts? I'd love to hear it! + +Ok IRC here: irc.freenode.net #buttercoin +subreddit: /r/buttercoin + +~~leave your email on http://buttercoin.launchrock.com if you want to help out - we might ask for help via email later~~ +MEW is now MyCrypto.com. 19 of the 20 person MEW team is now with MyCrypto. + +MyEtherWallet.com still works and is maintained by the sole MEW team member remaining (kvhnuke). + +Official explanation from the leader of the fork (tayvano / Taylor): https://medium.com/mycrypto/mycrypto-launch-6a066bf41093 + +Proof: check signed messages and post at r/ethereum; also if you were following MEW on Twitter, you now are following MyCrypto. EDIT: deleted FUD comment. +**April 2021** + +Sadly Sporklin a Dogecoin developer for 7 years loses her [fight against cancer](https://cryptopotato.com/dogecoin-developer-sporklin-dies-cancer/) + +In one of her [last post](https://www.reddit.com/r/dogecoindev/comments/lpucjw/dogecoin_can_reach_1_with_significant_dev) she is clear on how much involvement/ impact Musk has had. + +*“Elon has nothing to do with Dogecoin which has been made clear repeatedly … Elon has come to play with Dogecoin for years on social media, it was only recently that people tried to turn that into something it is not … Things have not changed…Elon is not on board with anything, Elon does not have anything to do with the project, the listings, the engagements…Nothing. He memes and trolls.”* + +**May 2021** + +On Twitter Elon the now dubbed Dogefather announced : "[Working with Doge devs to improve system transaction efficiency. Potentially promising.](https://twitter.com/elonmusk/status/1392974251011895300?s=20&t=vILjxrPe0-pgjeaeWucMiw)" ... the price of Doge surged. + +In a now deleted tweet Dogecoin co-founder Jackson Palmer cautioned followers saying.. *"Reminder: Elon Musk is and always will be a self-absorbed grifter."* + +**Nov 21** + +Last Dogecoin GitHub Master branch [commit](https://github.com/dogecoin/dogecoin/commits/master) was over 7 months. + +Although still signs of some life [on dev branches](https://github.com/dogecoin/dogecoin/branches) + +Last release, [6 months ago...](https://www.reddit.com/r/dogecoindev/comments/qpkk46/dogecoin_core_1145_released/) + +**Jan 22** + +In a long awaited Dogecoin announcement, the headline says Tesla [accepts Dogecoin](https://www.investopedia.com/tesla-accepts-dogecoin-for-merchandise-5216067) but the reality says its only for certain items in its shop like a belt buck and Tesla shaped whistle. + +**Feb 2022** + +Core developer Ross Nicoll [steps away](https://rnicoll.name/posts/2022-02-16-stepping-away/) from the project referring to stress, a potential lawsuit against the developers and lack of funds the foundation has to pay him anything at all despite the Billionaire supposingly having Devs back. + +**Apr 2022** + +In a [Twitter thread](https://twitter.com/michilumin/status/1517958353024020480?s=20&t=_9ZUgcvPqct44NLcE4qKMQ) another Dogecoin developer Michi Lumin again paints a picture of an underfunded foundation.... + +*"When influencers say that the Foundation has tons of funding lined up, or that we're building out infrastructure - and people believe that - it actually harms the @DogecoinFdn because people who would otherwise be willing to help go "oh, they have it all taken care of", This bothers me because we're not actually a club full of rich people. Many of us still work day jobs to make ends meet but still want to see #dogecoin proceed and succeed. Tales of palace intrigue end up being things we have to spend time answering to, as well...and the propensity for certain sections of the community and media to be thirsty for the next scandal or conspiracy actually puts a lot of strain on an already fairly stressed crew."* *"Yes, we're trying to get sustaining funding in order to do some of the 'big ideas' we want to pursue. A lot of what you read on social media in regard to this is completely made up for clicks and engagement-We still have a lot of hard work to do. Wish ppl wouldn't make it harder."* + +On the whole after over a year there has been no dramatic revelation or support for [Dogecoin development](https://gitgitlog.com/dogecoin).. think it's safe to deduce that once again.... Elon Musk is most likely Twitters biggest spam bot 💩 +Is anyone else in a completely different lifestyle/ financial situation from their colleagues? All of mine choose to live in the eastern suburbs of Sydney, pay huge rents and haven’t bought. We chose to move to an outer suburb, with a long commute so we could buy. They seem to constantly make snarky/jealous remarks about it and I’m sick of it. If they wanted to make the sacrifice to move further out, I’m sure they could afford it too. They joke all the time about “must be nice” but it’s starting to not feel funny anymore, more snarky and it’s making me uncomfortable…. +So for theast 8 months or so, I've been taking about 20% of my profits from my serious account and putting in a gambling account. + +Sometimes I don't put SL there, sometimes a take max leverage on swing trades, anything I feel like basically. It just so happens that account had grown 300% in 8 months, but I still view it as fun money. + +All my impulses are directed towards that account, and I can stay focused on my serious account which has much more capital. + +Anyone else? +Hey everyone, I’ve been trading forex for about 5+ years now consistently and I’ve lost money and made money along the way. + +Last few months I moved over a large amount and started day trading stocks. I’m really starting to enjoy it more, I use my same strategy and have been earning a decent amount. Considering leaving forex behind and fully transitioning over in a few months. + +Has anyone gone from FX to Stocks or vice versa? And how was your experience? +why wouldn't I choose 1:500 over lets say 1:100 account. + +I could use $100 to open a $50k account vs $10k amount. +Is there like a higher fee or something? + +I'm still learning. + +edit: Really appreciate the responses, thanks +Yes I have posted about DMYD previously. Decided to dig deeper, and it has only strengthened my position. + +Investor presentation linked before DD: [https://static1.squarespace.com/static/5e33152a051d2e7588f7571c/t/5f98173a9643aa67a4ced693/1603802943090/GSG+PIPE+Presentation+%2827-Oct-2020%29.PDF](https://static1.squarespace.com/static/5e33152a051d2e7588f7571c/t/5f98173a9643aa67a4ced693/1603802943090/GSG+PIPE+Presentation+%2827-Oct-2020%29.PDF) + +As everyone has noticed, SPACs have put investors on notice in 2020. With massive liquidity in the markets today, tons of money has been flowing into speculative SPAC investments this year. Given that retail investors have no chance to profit from traditional IPOs that hit the market after a 100% run up (ABNB, DASH, AI, U, etc.) SPACs have presented an excellent opportunity to evaluate and invest in new companies before they actually hit the market. Personally, I have made fantastic returns through a number of SPACs. That being said, not all SPACs are created equal. Some legitimate mature companies and high growth disrupters have emerged through SPACs: Utz, DraftKings, ChargePoint, OpenDoor, Virgin Galactic, Eos Energy, and Butterfly are just a few examples. However, many SPACs are performance chasing the EV hype by pursuing multi billion dollar acquisitions of EV start ups with 0 revenue for the forseeable future. I say good luck. + +One SPAC with massive upside potential at a conservative valuation is DMYD-Genius Sports. First, who is DYMD? dMY Technology Group [https://www.dmytechnology.com/team](https://www.dmytechnology.com/team) is led by CEO Niccolo de Masi, the former CEO of Glu Mobile. De Masi has consummated 25+ mergers and raised more than $1B in funding for various ventures. He seems to have a knack for the mobile/gaming sector, as his first SPAC: DMYT is taking Rush Street, an igaming company, public. De Masi is a veteran of this sector, which makes Genius Sports Group an interesting target. + +Who is Genius Sports? Genius Sports Group is one of two large sports data providers (the other being SportRadar) that collects and sells live data to sportsbooks. This is incredibly important, as live betting needs constantly adjusted lines to reflect real time game updates. Genius Sports currently has contracts with the NCAA, PGA, NASCAR, FIBA, EPL, Bundesliga, and NBA, among other leagues, to be their sole or primary data provider. These partnerships have staying power, as these leagues are unlikely to change partners once they are locked in for multiyear contracts. Additionally, acquiring rights to official league data is expensive, thus making a high barrier of entry for new competitors. They have 220 customers including DraftKings, FanDuel, William Hill, MGM, PointsBet, and Caesars. Important to note: Genius takes 5% of revenues of events they cover from ALL sportsbooks. [https://geniussports.com/home/partners/](https://geniussports.com/home/partners/) + +Genius is above other SPACs due to its mature market position and strong financials. The company has been growing at a 30% CAGR over the last several years, with revenue growing 250% from 2016 to 2020 ($42M to $145M). 60% of revenue is recurring due to multi year contracts, and the top 10 customers only account for 30% of revenue, thus lowering flight risk of any particular customer. Genius is already EBITDA positive with 10% margins this year, and anticipates $68M in adjusted EBITDA (adjusted to ignore stock based compensation, a non-cash expense) with 29% margins in two years. + +In a year where sports were disrupted by Covid, Genius still grew revenue from $116M to $145M. They also successfully resigned their contract with the NBA, ensuring a multi-year partnership with the premiere US basketball league. Outside of the betting market, Genius’s ability to aggregate data has led to an interesting agreement with the NCAA. Until 2018, live data with college sports was incredibly inefficient. Genius signed a contract with the NCAA to create a new software: NCAA Livestats [https://geniussports.com/sports/sports-management/ncaa-case-study/](https://geniussports.com/sports/sports-management/ncaa-case-study/). This is a uniform software for all divisions of college sports. As a former college athlete myself, I reached out to some of the athletic support staff from my university. They raved about how Genius has improved efficiency and accuracy for college athletics. NCAA Livestats has overhauled the entire industry. + +I also think the NCAA presents the biggest upside catalyst for Genius: March Madness. March Madness was cancelled due to the pandemic last year, but betters placed $4.8B in bets on the tournament in 2019. Who has a monopoly on NCAA data? Genius. Who gets a 5% revenue share from ALL sports books for NCAA events? Genius. With the number of states with legalized betting doubling from 2018 to 2020, we could see upwards of $10B spent on March Madness this year. + +Along with March Madness, secular tailwinds for sports betting suggest high upside for Genius moving forward. 46 out of 50 states have either passed or presented legislation to legalize sports betting. As states such as NY, CA, TX, and FL legalize betting, revenues streams will swell. Data will become increasingly important in this industry as live updates are constantly moving betting lines for books. With multi-year contracts with half of the US’s professional leagues, Genius serves as an index for the entire industry. + +Additionally, with Pfizer’s vaccine approval, there is little to no risk of massive sports cancellations in the future. Genius still grew revenue during Covid’s massive disruption. I imagine that the revenue numbers for 2021 will be fantastic. + +Now let’s focus on the stock movement and valuation. Genius is valued as $1.4B, or 7.4x 2021 revenues. For a company with high CAGR and an industry with massive tailwinds, this seems like a fair, or cheap valuation. Note that Genius is trading at a steep discount to lower margin businesses such as sportsbooks Golden Nugget, DraftKings, and Penn. While investors have been chasing the next hot EV IPO, Genius has slowly climbed from $10 to $13. Last summer, a rumored FEAC-SportRadar merger led to FEAC pumping to $15+. SportRadar was worth $2.8B in 2018, presenting 60% upside from Genius’ current price to reach its competitor’s 2018 valuation! DMYD and Genius announced their merger in late October during a market downturn, thus letting it go overlooked. I think this is a sleeper SPAC that will have a massive influx of news in Q1, as its merger aligns with the climax of college basketball and the beginning of March Madness. A single Benzinga article pumped the stock by almost 20% last week. Imagine the upside when the broader market realizes they can invest in the data behind the sports betting industry. + +Personally, I am long $166k in DMYD stock, and have no intention of selling anytime soon. Always do your own DD, but I hope this post helps. +I haven't seen this in the news yet but Tesla has to make a large payment tomorrow to bond holders of SolarCity's convertible issue due tomorrow of $570,669,500 ($566M principal + 1.65% / 2 semiannual interest). The payment represents 72% of their $794M working capital reported on their 3Q19 form 10Q a few days ago even after the large debt issuance earlier this year. This probably has minimal coverage because it's listed in current portion of long term debt even though it's coming due tomorrow 11/1/2019. + +$920M due 3/1/2019 dropped stock 10%, $566M due 11/1/2019... + +[CUSIP 83416TAC4](http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C641235&symbol=TSLA4301101) + +[10Q 3Q19](https://ir.tesla.com/node/20246/html) + +[10K 2018](https://ir.tesla.com/node/19496/html) + +[Page 30 discusses Tesla's responsibilities](https://www.sec.gov/Archives/edgar/data/1408356/000119312514364676/d795789dex41.htm) + +[Discussion of possible default from FT](https://ftalphaville.ft.com/2019/06/28/1561727434000/Tesla--significant-other/)[Convertible bonds and balance sheets](https://budgeting.thenest.com/convertible-bonds-affect-balance-sheet-24539.html) + +Cash on hand: $5,338M. Current assets: = $10,940M. Current liabilities = $10,146M. Working Capital = $794M + +Some financing inflows: $7,119M from convertibles and other debt this year in first 3 quarters, additional $848M from stock offerings, $174M from warrants, $153 from accepting investments in subsidiaries. $8,294M listed here. Net CF from financing was $1,608M +People tend to hold HDFC Bank as a shining example of private sector banking in India. It's not surprising that many investors go long on their shares. + +Are there any banks in the public sector that uphold similar quality standards? SBI is basically a mess, and many other public sector banks have awful balance sheets. +Britannia is a company with strong fundamentals, good liquidity and almost debt free. The net margin has been growing since Varun Berry took over and they have been working extensively to increase their distribution channels and increase rural outreach. Recent Q2 results are very good, though unsustainable but conveys a good long term upside. I took a position in the stock when it was around 2900. I knew it was owned by the Wadias but I didn't look much into it. However, now I came to know that Wadias had moved funds from Britannia to their other firms like GoAir. Although, they have been repaid back but this could happen in future as well. There were also talks about them selling 5% stake to help GoAir, which would bring their stake down to 45% (Another red flag). Varun Berry seems like an outsider and does not know much what promoters are doing or planning tbh. Also, Ness Wadia was arrested in Japan and sentenced two years in jail which Britannia allegedly failed to report to SEBI, also there was his case with Preity Zinta. + +&#x200B; + +In short, Wadias do not seem like good promoters to me. Should I take my money out? What are your opinions? +TL;DR: I am wondering if I fit in here, seeing as how I'm not willing to pile every penny into index funds (or the market in general). Feel free to ignore me or provide any insight you might have into my situation, and maybe I can help others out by understanding where I'm at. Ultimately I know that there are many others out there way better off than I am, and I may be making poor decisions in some areas. + +&#x200B; + +TMI: I have been following /r/financialindependence for a while. I have posted there and gotten negative response. I think it's because my situation isn't EXACTLY what their collective plans are. And maybe the same is true here, but this sub seems a bit more receptive and open-minded. For me, I cannot tolerate working my ass off for 20-30 years, saving every penny, hoping the market stays hot, just to hope I live long enough to get to the FIRE. I have an extremely expensive boating hobby, I play hockey, I take daughter to Disney, etc. + +&#x200B; + +But at the same time there's no way I'm working "for the man" until I'm 65. So I'm 100% fine with sacrifice, working hard, etc. Long before I heard about FIRE I got into rental properties (I do the work myself) and done pretty well with it. I have 4 single family homes, bringing in $5550 each month before expenses. Two are paid off and two have mortgages at 4% and 30% equity. I just sold one of them (we used to own 5) because the market is so high here (Michigan) so I also have that cash available plus profits from the other 4 rentals ($300k). + +&#x200B; + +I work as a contract / consultant engineer, $65 an hour bill rate, but not always busy as I sometimes have 2-3 months in between long-term projects. Past couple of years actual income from this is around $80-90k with 3-4 months off each year. I work from home quite a bit, maybe about 50% of the time. + +&#x200B; + +I also started a side business selling a few products I designed, split this with my mom 50/50, we each bank about $24-30k a year of profits before taxes. Part time, very flexible hours. There's a chance this could take off, or could fizzle out. But we're 10 years in so far. + +&#x200B; + +36 years old, wife, and 1 daughter/ $800k in real estate equity between my home and rental properties. + +My personal home is worth $600k and I owe $130k at 2.875% (15 year term with around 8 years left). + +I have a boat loan at 5.5% ($45k balance, $100k value) and a HELOC at 4.5% ($45k balance) that was used to pay for down payments for a few of the rental houses. + +No other debt except the rental houses mentioned above. + +Daughter's college tuition is already fully saved. + +Only $60k in retirement, but I max out IRA and HSA each year, and sometimes go more into a solo 401k. But because of my variable income (things could slow down for work and my side business) I can't just pile everything into VTSAX. If I find an awesome deal on another rental property, I'll jump on it. Or maybe do a flip. + +$300k cash in a high yield savings at 2.5%, and I feel that if I just dump all this into the market and the dreaded bear market comes then that is forced to become a long-term play. I couldn't use it to pay off debt, I couldn't use it for another rental property, etc. + +&#x200B; + +So as you can see I have built up a semi-passive income stream, have flexible hours, but still want the best life for me and my family while also answering to the "man" as little as possible. With my engineering work and customers of side business I still very much have the daily grind that we all want to get away from ASAP. Thank you for listening, letting me know if I fit in here, and/or providing thoughts and discussion on my situation and what you might do if you were me. If you have any questions that I might be able to help out with just let me know. +I've been working at a Cafe (opened March 2019) for roughly the past year and a bit. The hours have HUGELY fluctuated and they've tossed me around a lot, there were empty promises after empty promises. It was beginning to effect my mental health so I decided to resign effective 5th of July. + +Very recently I got word from an ex-employee that they had not been paid a cent into their super, which then prompted me to check mine. NOTHING had gone in since before I began the job in March/April 2019. I made a rough calculation and figured that they owed me roughly $1500-$2000. I sent my boss a message asking what account the superannuation had been paid into, and he replied the next day with a vague "whatever account you nominated when signing up with us" + +2 days after sending that message to my boss, I checked my account again to see if I'd missed anything, and lo and behold! A large sum of $1400ish was deposited into the account. + +Should I report them to the ATO for late payments? If I didn't bring it up, would they ever have paid me? +[https://www.abc.net.au/news/2022-05-15/coalition-offers-incentives-for-older-australians-to-downsize/101067920](https://www.abc.net.au/news/2022-05-15/coalition-offers-incentives-for-older-australians-to-downsize/101067920) +There is Only1Doge.. and they just had a fair relaunch! This relaunch was to improve the tokenomics and to create longevity and to reward holders more within the project. + +To begin that are several reasons that let me think ONL1DOGE will be taking off soon 🚀 + +First of all because of its unique tokenomics. It has a 1 token supply and a limit buy/sell of 1% of the liquidity. This prevents big whale dumps. +The devs are doxxed. This is really rare atm with all these scams going on. The devs even said that they will do voice AMA’s with video, which gives trust. As far as I know, most memecoins don’t do video AMA’s. +The goal of this token is to become the most exclusive token in the crypto market. +These devs are actually taking marketing seriously and are in talks with multiple big influencers. +The website looks clean as fuck, and charity is also involved with tokenomics. +It’s still really early with less than 500 holders. +Don’t be worried about the 75% wallet, they renounced ownership and it’s 100% rug proof🚀 + +Liquidity is 100% locked AND OWNERSHIP IS RENOUNCED (meaning your investment is safe!!): ✅ + + +This marketing and charity wallet will be released partially every week for peace of mind to investors + + +Tokenomics: + +Total supply: 1 +Circulating Supply: 87% +Charity and marketing wallet: 13% +Max per transaction: 1% (0.01) This makes the coin anti whale and anti pump and dump! +Charity/marketing wallet: will be open and spent on a weekly basis or when required for giveaways, marketing, and charity. +Tax: + +Each transaction is taxed at 9% which is distributed to holders (3%), our charity wallet (3%), and the Liquidity pool (3%) for a higher price floor. + +The tax is beneficial for all aspects of the longevity of the token as it allows for loyal holders to be rewarded and allows for automated funds being raised for charity. + +Contract address: +0x8284a325c94389b2e12a88fcd766ce713718eb1c + +only1doge.org + +Twitter only1doge + +Telegram: only1doge + + +P.S. there is currently a giveaway on Twitter ending in 5 days with $500 up for grabs! + +You don't want to miss out. +I just wanted to share my story for the readers of personal finance. I know sometimes it can be tough making sound choices while your peers happily stretch, so I hope my story reassures you. Original post was removed, Reposting and editing to address Rule 6 \- hope I did this right. + +TL;DR living below our means is saving our sanity right now due to unexpected medical diagnosis. + +For 18 years, I lived in a small, 1 bed condo in a popular neighborhood in the Pacific Northwest. I got married, so rather then renting it out \(it was 60 plus years old with a list of repairs to the building piling up\), we decided to sell. + +The big decision was to buy and stay in the city, which was seeing housing prices for a modest home run up to 800k or move somewhere cheaper and commute. + +It was a hard choice, but we did not want to be saddled with a high monthly mortgage and property taxes, so we left my beloved city and moved south to a town on the train line. Commute would be 40 minutes by train, but we found a great house on a third of an acre that we could work on. It sold for less than my 700 sq foot condo was sold for despite being three times as large. + +But it was hard. I missed walking to work. We missed our friends. I started doubting the wisdom of our judgement. + +Until my wife was diagnosed with cancer. + +It's been a hard few months and the medical bills are starting to roll in. She has insurance, but had we maxed out our living budget on a house in Seattle, I don't know if we could handle the stress of a potential job loss down the road. As it stands now, the monthly mortgage is the least of our concerns and we had enough saved due to our lower cost of living that we were able to pay for embryo banking prior to starting her treatments without taking on additional loans. Stretching would have meant deciding on another loan just for the chance of having children in the future. If and when she has to leave her job, we can get by on a single salary. + +It is still an incredibly stressful situation, but one that is made just a little less so due to giving ourselves some breathing room. +Proof: https://digix.global/app/#/provenance/assets-explorer/assets-list + +Looks like they were minted just a few hours ago + +--- + +DigixDAO (DGD), the very first Ethereum ICO is about ready to launch their full-fledged dApp for REAL gold-backed tokens! +https://medium.com/@Digix/impt-announcing-the-launch-process-of-dgx-2-0-26-march-2018-9014619ff491 + +**Digix Marketplace will be ready for sale of DGX tokens on 8 April 2018.** + +DGX will also be available for trading on Kyber starting 16 April 2018! + +This should pump the price of DGD up heavily as we have: + +- Adoption +- Stablecoin +- Usable dApp + +DYOR of course and let's all celebrate on the other side! + + +**EDIT: PRE-SALE IS OVER. Do not send ETH to the pre-sale address after we reach 11.5 ETH in the account (we had 1.5 ETH in the account before presale). We will be refunding anyone that sends ETH, minus TX costs!! You will have to wait until the ICO on July 10, 2 PM EST!** + +Thank you for helping get this project up and running! **Please do not send any more ETH to the presale address. If you'd like to stay up to date head over to r/fucktoken. The sub is in it's baby stages but we will update regularly** + +Website and "whitepaper" are on the way with a breakdown of how funds will be used (mostly for exchange fees) 😉 + +Sale price is 200,000 FUCKs per 1 ETH or 0.05 ETH per 10,000 fucks. + +Presale is capped at 2 million FUCKs (10 ETH) because we don't need millions of dollars to get this going. As of now 3 ETH have been raised and Reddit tip bot support is on the way. + +Do not send ETH through coinbase! We need a MEW address to send the tokens to. + + +Pre-sale details are posted here (top of 12th page): +https://bitcointalk.org/index.php?topic=1945661.220 + + +FUCK tokens can/will work great in forums and chats across the internet, especially Reddit: + +You can now officially give a FUCK + +Or you can give 0 FUCKs + +You can give over 9000 FUCKs + +Or you can even give 0.7085 FUCKs + +It doesn’t matter how many fucks you give… + + + +Hear me out u/ratioatblessons knows. He/She is linked in someway and knows what is happening. + +The Bernie Madoff cell number... The office desk picture The radio silence form u/ratioatblessons + +This person knew and was silenced by an NDA. Hence why his messages are so cryptic. They're cryptic as FUCK. The pictures he's posting all mean something. + +Edit\* I’m trying to piece together links to his comments...this goes really really fucking deep for me to understand but he knows wtf is happening. He’s been posting on people’s comments that are getting closer each time. + +He’s literally been leaving puzzles and clues. + +[A private DM discussion with u/ratioatblessons](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gss0q4x/?utm_medium=android_app&utm_source=share&context=3) + +[What the emojis mean](https://imgur.com/a/5fgeIsT) + +[This picture they posted has a LOT OF SYMBOLISM in this picture....It was set up in a way that is cryptic with a lot of hidden meaning](https://www.reddit.com/r/Superstonk/comments/mnyevz/everywhere/) + +* Example [Industry Wide Issue](https://twitter.com/dog_shill/status/1385307052210155520) + +[Bernie Madoff Prison Cell Number](https://www.reddit.com/r/GME/comments/mjglhu/61727054_cents_hi_ragrets/gtdxfiu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[Summarizes the Scam](https://www.reddit.com/r/GME/comments/mit0eu/the_everything_shortcontinued_citadel_spacs_and/gt90qh6/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +[Puzzle - Some NDA that was signed](https://www.reddit.com/r/Superstonk/comments/mm8i5v/f%EA%93%98nfixit_kn/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[UT Alum that work at Citadel](https://www.reddit.com/r/Wallstreetbetsnew/comments/mhiil4/61727054_says_ken_is_next/gt00qjd/?utm_source=reddit&utm_medium=web2x&context=3) + +[Puzzle](https://www.reddit.com/r/GME/comments/mitcgy/ken_g_when_apes_found_out_about_atx/) + +[Piece against Ken](https://www.reddit.com/r/Superstonk/comments/mnyevz/everywhere/gu0rqd8?utm_source=share&utm_medium=web2x&context=3) + +[Computer Laps at UT backed by Citadel](https://twitter.com/RaccoonRey/status/1385305618332930053?s=20) + +* [More on that](https://twitter.com/dog_shill/status/1385324041787961347?s=20) + +[LaSalle Street](https://www.reddit.com/r/Superstonk/comments/mmwtwl/i_fedish_whaletalesrip_my_dms_in_advance/gtvjjfr?utm_source=share&utm_medium=web2x&context=3) + +[Bernie's Comments on the DTC Ponzie Scheme](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gsrpsxy?utm_source=share&utm_medium=web2x&context=3) + +[The Implication](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gss4nrz?utm_source=share&utm_medium=web2x&context=3) + +[Hedge Funds are so overleveraged, could 2000% SI and 10m floor be a meme to how high it could go](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gss6bdt?utm_source=share&utm_medium=web2x&context=3) + +[Some type of really big hint](https://www.reddit.com/r/GME/comments/mg437h/61727054_says_ken_is_next/gsrxfvq?utm_source=share&utm_medium=web2x&context=3) + +[3 statements by Trump](https://www.reddit.com/r/Superstonk/comments/mn6mq5/pride_of_the_tide/gtwklh0?utm_source=share&utm_medium=web2x&context=3) + +[I Fedish Whaletales](https://www.reddit.com/r/Superstonk/comments/mmwtwl/i_fedish_whaletalesrip_my_dms_in_advance/) + +[Order Flow and Options Manipulators: The Heinous Crimes of Citadel and Susquehanna](https://www.reddit.com/r/GME/comments/mn5d8j/order_flow_and_options_manipulators_the_heinous/) + +[Ken hates losing ANY card game. Once lost his watch at a poker game in Vegas.](https://www.reddit.com/r/Superstonk/comments/mnyevz/everywhere/gu0pqcy?utm_source=share&utm_medium=web2x&context=3) + +[As non-cryptic as possible](https://www.reddit.com/r/Superstonk/comments/mnk2kd/must_3603/gu0oniw?utm_source=share&utm_medium=web2x&context=3) + +[I done been through a whole lot Trial, tribulation, but I know God Satan wanna put me in a bow tie](https://www.gsam.com/content/gsam/ain/en/liquidity-solutions/fund-center/fund-finder/goldman-sachs-yen-liquid-reserves-fund.html) + +[Someone else mentioned whistleblowing and getting paid.](https://www.reddit.com/r/Superstonk/comments/mwhybp/everyone_needs_to_stop_and_check_dog_shills_tweet/gvis82b?utm_source=share&utm_medium=web2x&context=3) [http://blog.deloitte.com.ng/wp-content/uploads/2021/03/The-Anonymous-360-Degree-Whistleblower.pdf](http://blog.deloitte.com.ng/wp-content/uploads/2021/03/The-Anonymous-360-Degree-Whistleblower.pdf) + +[Greensill is a hedge fund that blew up just before Archegos](https://www.reddit.com/r/GME/comments/mmwvvj/i_fedish_whaletales_rip_my_dms_in_advance/gtv64k7?utm_source=share&utm_medium=web2x&context=3) + +[Citadel sued the SEC late last year, which leads me to believe the SEC dont have sny allegiance to citadel.](https://www.reddit.com/r/Superstonk/comments/mn5dxy/citadel_sued_the_sec_late_last_year_which_leads/gtvs70p?utm_source=share&utm_medium=web2x&context=3) + +[Syndey...Is that You?](https://www.reddit.com/r/Superstonk/comments/mmwtwl/i_fedish_whaletalesrip_my_dms_in_advance/gtus8dx?utm_source=share&utm_medium=web2x&context=3) + +[ETF Shorting Dinner Kelly Brennan head of ETF securities at Citadel and Evans is perhaps Will Evans. COO Commodities](https://www.reddit.com/r/Superstonk/comments/mmwtwl/i_fedish_whaletalesrip_my_dms_in_advance/gtu6jj0?utm_source=share&utm_medium=web2x&context=3) + +[What the fuck. Just looking at Ratio's posts there are things that he alluded to 2 weeks ago that just came out today. Like that Citadel alumni PPP loan scam.](https://twitter.com/christop6721/status/1385331831327842308?s=20) + +\[WARNING POP-UPS\] + +[Someone is building a fucking map of the entire layout and who is involved in the scheme. I'm pretty sure they're updating this in real time](https://www.docdroid.net/Q8qCCvM/rgme-pokes-at-kenny-g-pdf) + +* [Don't worry I've installed some weird borno virus on my computer for you all to be able to access this as a PDF.](http://www.filedropper.com/rgmepokesatkennyg) + +**Notes** + +Jesus fu\*\*\*king christ I can't decipher this fast enough. Computer labs out of Austin Texas...Ken is running a Ponzi scheme and u/rensole u/luridess u/atobitt are uncovering the whole fucking thing. u/ratioatblessons has been leaving us these quadratic formula-looking posts for some time. + +Something to do with some type of infinite money glitch using HFT and dark pools. Y'all can someone with a not so smooth brain please help me piece this together I feel like I'm taking crazy pills. I feel like I'm going to puke... + +u/redchessqueen99 can you pin this comment please...I could really use some help here. + +**Side Note** + +Side notes someone just messaged me about.... + +There is reason to believe that u/ratioatblessons might be Ken's Ex wife who was publically humiliated during a divorce and is going after Ken. Take that with a grain of salt but they linked me to this. [Site](https://www.jgriffin.info/papers/) + +**Side Side Note** + +People are talking about QAnon. That's nice...but this person either has WAY WAY too much time on their hands or was extremely burned. Sorry no one would go through such an elaborate mapping of comments, posts, raps, lyrics, for karma. This is much much deeper. Not to mention they know a LOT of details about Ken that a normal person wouldn't know. + +**I'm being told to add this to the post...** + +Someone who has been researching this for some time and wants to stay anonymous wants me to add this to the post. + +"Ratio mentioned a song that I am a fan of....Everyday by A$AP ROCKY interesting lyrics considering the situation and if you believe it is Anne vs Kenso, that led me to "Man on the Moon: The End of Day WOW that whole album explains this situation THEN...yes this is the mindblowing one go check out the album cover of Graduation by Kanye West....That was in '07. It’s a whale shooting a bear out of its mouth, with a bank on top and people celebrating” + +**If all that wasn't enough for you...** + +So I've been approached to remove my post. The user has no name, no comments, no nothing. Say high to u/One-External634 our faceless British friend who's trying to hush people up with weak ass bribes. + +* [Discussion](https://imgur.com/a/8oU8Pzx) + +**Stopping for the night** + +The post is back up, I’ve been looking at shit for hours I’m going to sleep. LISTEN TO ME. Things are going to be misconstrued, there are fake accounts offering me shit to remove this. This whole thing is so fucky it’s nuts. + +People are going to post their thoughts on each of his posts comments etc. I’m already seeing users posting in the main subreddit thread dissecting bits and pieces. + +The best thing we can do is form a mega-thread to each topic that’s covered. There’s a reason why @Dog\_Shill linked to this user...it’s not out of coincidence + +**LAST EDIT** + +# [For those that called me a shill...I am not. You want a shill...this is a shill. No posts no comments, nothing. This account is new and approached me maybe 1 minute after my first post in superstonk. Sorry one-external634 deals off you can keep your coupons to Beni fucking Hana.](https://www.reddit.com/r/Superstonk/comments/mxbxk3/for_those_that_called_me_a_shilli_am_not_you_want/) + +&#x200B; +My partner recently received a promotion and now makes significantly more money than me. As a result, they suggested we change from splitting all household bills 50/50 to a split based on relative income i. e. 60:40. We don't have any dependants. + +I'm now wondering is such an uneven split fair to apply to mortgage payments when it's building equity in a house that is ultimately owned between us us 50/50? I could comfortably afford to pay 50/50. + +What would you do in this situation? + +EDIT: I should have mentioned we keep separate finances outside of household bills for which we have a joint account that we put money into each month via standing orders. We have always done this for the 10+ years of our relationship, its simple to set up and forget about and works for us. This is where the conversation around splits comes from. +Here's a dumb question. What's stopping someone from going live with an algo that shows a good return, like this: https://www.quantconnect.com/tutorials/strategy-library/mean-reversion-statistical-arbitrage-strategy-in-stocks ? + +Obviously, I'm missing something, because it can't be that easy. Why wouldn't this work with real money? +Hello, I will be applying to algo trading firms later this year and have been teaching myself Python as my programming skills are severely lacking. + +Just wondering, what are some tasks one might need to do on the job in Python? Outside of data wrangling / research. Asking so I can orient my studies towards learning the prerequisite libraries + +Obv this will vary depending on the scope of the firm youre applying to, but just curious to get a basket of ideas here. Thanks! +Hello, I just looked through https://www.ceddit.com/r/algotrading/new which lets you see what posts the mods are removing. + +1) "Market Making Strategies: "Scalping" Binance Bot Cryptocurrency Trading" which linked to a [youtube video](https://www.youtube.com/watch?v=-zkYIuwYono) that is informative and open source. The guy didnt even include his binance referral link! + +2) "Algorithmic Trading 101: The Syllabus – The Ocean X – Medium" which [linked](https://medium.com/the-ocean-x/algorithmic-trading-101-the-syllabus-1605b9f8cbe6) to a pretty cool looking algo trading contest hosted by an upcoming crypto exchange. Here are some details from the link: + +- Part of this support includes $1,000 (in crypto) to 5 stellar students or community mentors who share their learnings and open-source their algorithms at the end of this journey. + +Why would something like this be removed? The intention is literally to help people learn and support open source, why would this bother the mod? I think its pretty sad that this was removed. I dont see how it could break the rules either. + +3) "Creating Algo Trader Bot for Binance with Python" which linked to a [youtube video](https://www.youtube.com/watch?v=8AAN03M8QhA&feature=youtu.be). This post had 95 upvotes. Again, I dont see any Binance referral link. Why on earth would this be removed? The guy is posting valuable information for free, he is trying to help people out, so weird that this would bother the mod to the point where he removes it. + +The debate thread that was posted by /u/ModwithABod clearly demonstrates his dislike for anything crypto related. I thought the community pretty clearly doesn't want to ban crypto related posts, so why are so many being removed? + +If those posts do violate the rules, my apologies, just let me know and Ill delete this post if thats the case. +Could someone help me to understand the difference between optimization and overfitting? What should I avoid doing to avoid overfitting my algorithm to the sample data I am using for development and testing? +A poster posted one of their dangers: [https://www.reddit.com/r/thetagang/comments/hdyddu/the\_lesser\_known\_dangers\_of\_credit\_spreads\_i/](https://www.reddit.com/r/thetagang/comments/hdyddu/the_lesser_known_dangers_of_credit_spreads_i/) + +This is what happened to be + +* I had a $6 call spread on SPY for 5000 shares - max risk of $30000 +* Both legs end up in the money +* The short leg of the call spread assigned before the ex-dividend date and the long spread got exercised after the ex-dividend date +* I lost the $30000 (expected) +* In addition - I lost \~$6k since there was a $1.3 dividend for each of the 5000 short shares +* I called my brokerage and they said things are working as expected since the short shares were settled on the dividend date + +In total, I lost $6k more than the max risk because the short leg was settled. + +I don't know what to do; Is there any recourse to recover the $6k? +Learned recently that my landlord has not been paying her mortgage and the house is officially going through foreclosure. I want to purchase the home but I'm not sure exactly how. The house is going to be set for auction in three months. + +I'm happy with the neighborhood and I have roommates that pay rent as well. I've been living here four years. + +Below are the stats: + +The unpaid principal balance on the original note is $300k. Fixed 30 year at $1500 a month + +Zillow puts home at $380k but that's Zillow + +My current rent is $350. A new apartment that is comparable is minimum $1200. + +I live with three other roommates. Total current monthly rent from us is $2300. Market rate would be $3000. + +Income is $72k. + +$25k saved up in post tax retirement accounts. Another $30k is pre tax accounts. + +No current monthly debt. + +Current mortgage calculators shows a $300k mortgage at $1700 a month. +I’m in the market for a second home/vacation home on the west coast of Florida to use as a rental. Is it just me or is it extremely difficult to find a cash flowing property when using a mortgage? I was pre-approved for a 30 year at over 400k at 4.25%. When working the numbers on websites such as Mashvisor and Deal Check, everytime I switch from the cash toggle to the mortgage toggle, the cash flow decreases significantly and into negative cash flow territory. I’m looking at a gamut of properties ranging from 150k to 375k. +This is my first time buying an option. I was planning on selling once I reached 50% profit, but I was not expecting to get to 20% this fast. Is this very typical? + +Should I close out and take the 20% win right now and just do another Leap? + +The Stock is SCI, which I think would be considered a low volatility stock. Also not quite sure how to judge that, and would appreciate any insight into how that is determined exactly. -> [https://www.google.com/finance/quote/SCI:NYSE?sa=X&ved=2ahUKEwiU3bzHjvP1AhX9J0QIHb0pAswQ3ecFegQICBAc&window=5Y](https://www.google.com/finance/quote/SCI:NYSE?sa=X&ved=2ahUKEwiU3bzHjvP1AhX9J0QIHb0pAswQ3ecFegQICBAc&window=5Y) +In the real world, after hundreds of years and millions of written contracts in developed countries, there is an understood social contract executed by the justice system that does not allow a party to a signed contract to have property expropriated from him/her if it is thought to clearly not be the intent of the contract's signer. + +If I click on "accept all terms and conditions" on an iTunes software upgrade, if there is language in there, either on the first page or 50th page, that says I agree for Apple to take 1/3 of my net worth, no court will side with Apple. That would be an evil system and completely socially unacceptable--so that contract would not be "immutable." And importantly, it would not be a better legal system if that contract were immutable. So after hundreds of years, the contractual system has evolved to where it is--where some contracts are not immutable--because that is the best system. If there was a better way, society and the justice system would have spoken and we would have a different system. + +I believe the future of smart contracts will have a similar feature. Why? Because whether it's a recursive call or some other bug, the big idea is that mistakes will always be made at some point. This is unavoidable. The ultimate winning smart contract platform will not tolerate what happened to the DAO. Whatever system accepts what happened, whether it's Ethereum or some other platform, ultimately it will die and another system will win--one that has the same understood social contract that exists in the real world. Mechanisms will ultimately be put in place to bring about such a system. + +Soon, the current DAO matter will come to a conclusion. One thing of which I am sure: if the result is that the DAO investors will lose 32% (or more) of their money because of an obscure bug that even many experienced programmers missed, clearly something the investors had not intended and never would have agreed to, then Ethereum seriously damages itself and opens the door to a competitor that will have a socially correct solution to such a mishap. On the other hand, if the stolen money is returned, and Ethereum comes up with and implements robust solutions to what will be a feature of smart contracts, then I think Ethereum will keep its lead as the smart contract platform and grow. + +[Did you know that Australia is the second highest consumer of textiles per person in the world, behind only the United States of America? Each year, we acquire on average 27 kilograms of textiles per person, and discard around 23 kilograms of it to landfill. In total, approximately 800,000 tonnes of textiles are sent to Australian landfills each year (and more has been historically sent overseas).](https://www.claytonutz.com/knowledge/2021/december/australias-textile-waste-problem-and-how-the-key-players-are-responding) + +Over the last several weeks I’ve bought second hand clothes and I would like to showcase how much I spent vs RRP of each item. All items were purchased from op shops except the first shirt which was purchased on FB marketplace. All items are in great condition with no defects. I have also received compliments for some of the items, which combats the argument that you can’t cheaply buy fashionable items secondhand. Some items I was unable to find the precise RRP, but have gone with the minimum amount in the range to be conservative. + +Purchased items [$ cost] ($ RRP): +- Shirt [30 including postage] (~80-100) +- Polo [10] (~30-40) +- Flannel shirt [7] (24) +- (Funky) soccer jersey [12] (~70-100) +- Flannel shirt [15] (50-70) +- t shirt [7] (19) +- Sweater (3.50) [52] + +Cost = $84.50. Total RRP = $331. Difference = $246.50. + +The above items are in great condition and not made of cheap quality that feels like it will be unwearable in 12 months. Another point is that the above items are mostly casual wear items and there are some items which I’d prefer to buy brand new. So, as a white collar worker, it means the money I’ve saved and waste I’ve reduced can be spent on say work shirts. This is also a result of only a few weeks of shopping, so I’m sure the benefits can be magnified as I continue doing it over many years. +U.K. politics does them regularly and they are quite revealing about the user base (disproportionately male and LibDem voting). Following jayjay3rd’s question about where the average income subscribers are (see link below) I think it would be interesting to see things like average age, income, saving rate, gender and location. What do you all think? + +https://www.reddit.com/r/UKPersonalFinance/comments/9m9ee2/question_are_there_any_whod_id_call_normal_people/ +[https://www.cnbc.com/2020/05/18/moderna-reports-positive-data-on-early-stage-coronavirus-vaccine-trial.html](https://www.cnbc.com/2020/05/18/moderna-reports-positive-data-on-early-stage-coronavirus-vaccine-trial.html) +- 29 yo +- 250k income (wife and I combined) +- Roth 401k and Roth IRA maxed out every year +- Don't need the money anytime soon, 20-30 years +- Very risk tolerant +- Current holdings in S&P 500 (75%), QQQ (25%) +- Current debts are two house payments (1 living in, 1 renting out) and $220k student loan debt + +- Looking to invest an extra $20k/year, that number may grow +I need some advice and clarification on this. So, quick backstory on the matter. My mom filed for bankruptcy 5 years ago (the kind where her wages were garnished for 5 years until what was owed was paid off). It's been about 8 months since her garnishments ended and is able to start over with a clean slate. + +However, she's got it in her head that she needs to buy a house...with no down payment and after just finishing dealing with a bankruptcy. I think this is a terrible idea. I asked her how is she going to afford expensive home repairs if she has no money? She said that she's just going to buy the warranties available when buying the house. + +Now, because her credit is now back to zero, she's not going to be able to get a loan for the mortgage. Her lawyer (or whoever handled the case for her) told her that a good way to get some credit back quickly is to have her name added to a credit card of someone with good credit. That way she builds up credit and then she can apply for the loan. That's when she called me. + +Basically, she's asking if I can add her name to my credit card as an authorized user. She will not have access to my bank account, credit card, or anything like that. It's basically just a way for her to build credit based on my own purchases. + +I asked her if when she applies for the mortgage, if it's my credit that gets used if I do this, she says no. I plan on calling my bank tomorrow about this since the credit dept. doesn't work weekends. But considering my mom's history with bankruptcy and huge amounts of credit card debt in the past, the idea of sharing my credit with her in general makes me uneasy. I love my mom, but I think the fact that she even has to ask for her daughter to share her credit with her after a bankruptcy to buy a house means that she shouldn't be buying a house. I sort of tried insinuating that she shouldn't, but she's stubborn. + +Is there any way that this will hurt my own credit by adding her name to my credit card in order for her score to go up until she's ready to apply for a home loan? She has again told me that she will not be using my name or credit when applying for the home loan, that this is merely so her own credit score will go up so she can apply for the loan when her score has gone up some after some months. Please advise! + +**Edit: I talked to my mom and told her I didn't feel comfortable. I asked what her other options were and she said that they can check her rental history of the last 2 years for any late payments, etc which I know she'll be fine on that front; she's always made her rent on time, every time. I feel bad about it because I don't want her to think I don't want to help her, but just combining bank/credit anything, even if it doesn't affect me in this context, makes me uneasy. I hope she understands. +Or is it better to use it as a retirement vehicle only? + +Edit: age and health seem to have a large bearing here. As a note, both myself and my spouse are under 25 with 2 children and one on the way. 401k, HSAs, and Roth IRA will be maxed. No taxable accounts. <$1k in medical expenses coming up, does that come from savings or HSA? +EDIT 2: Please see the new post, which contains an update about the situation I'm in: + +&#x200B; + +[Recent post about me being held financially hostage (18f) by my brother : povertyfinance (reddit.com)](https://www.reddit.com/r/povertyfinance/comments/u55za7/recent_post_about_me_being_held_financially/) + +&#x200B; + +&#x200B; + +EDIT: Thanks for the encouraging comments, I'm catching up with them and I know something was up but I could not locate the faults in my life, due to always being exposed to them. I guess I'll have to seperate asap and cut ties at least to my brother, whilst making sure my mom is safe n sound + +&#x200B; + +&#x200B; + +Hello, I really need advice... + +&#x200B; + +my family is very divided, there is only my mother who is almost 60 and my brother who is 30. + +&#x200B; + +There is no inheritance or other financial security. My brother is of the opinion that due to the fact that I spent my 18 years of life (I am 18) with my mother, I am in a blood debt and was provided for with shelter and food, etc. + +&#x200B; + +My brother and my mother wanted to buy 4-5 years ago an apartment for 200,000 dollars, with a loan that runs only for 10-12 years. You understand what a big financial burden that is. That did not work out so far, they're still looking afaik + +&#x200B; + +My brother works a maximum of 19 hours a week and earns around 1300 to 2000 dollars a month. My mother works full time and earns 2500 dollars... He is not willing to maximize his hours to 40 a week because the tax burden makes him earn less, so to speak, for his work. This is his explanation... + +&#x200B; + +Now that I'm planning to go to college and already looking at moving away afterwards, he's threatening me with suicide, since it didn't work out to take out a big loan with my mother 4-5 years ago and he can't get one approved, since our mother is almost 60.... He wants to stay with her all his life and when she is dead, kill himself. + +&#x200B; + +He absolutely wants that I as soon as I have finished my studies, fulfill my blood debt to my mother to help him get a loan, so he and my mother can get an apartment (which in this area are already a 250-300k pricing)... Otherwise, he'll kill himself as soon as she's dead, due to fear of old age poverty. + +&#x200B; + +That would be an immense burden on me, as I feel like I'm helping them at the expense of my ability to pay. What if I don't get a job? Or become unemployed? I would not be able to pay off the loan and even worse, I might not be able to pay for my own rented apartment... And if I don't help him get a loan, it feels like I'm betraying my mother. + +&#x200B; + +I honestly don't know what to do and I need your opinion, whoever reads this. It seems that I am forced to give my brother a luxury of a lazy life while I do everything I can to improve my financial situation and still get fudged. I would always support my mother... + +&#x200B; + +Am I the asshole for... not wanting to contribute to a loan? My mother and brother currently reside with me in a trailer park, with neighbours who she does not like. She'd be fine with renting a little more expensive place to have a better QOL and not reside in a trailer park no more. Meanwhile, my brother is urging her to stay, or at least to not pay more for another place. + +&#x200B; + +I dunno what to tell my brother, or do... I feel so torn... Like, I feel manipulated. But I dunno... + +&#x200B; + +sry for errors yall, im writing this in panic +There has been a lot of talk about the SEC meeting and whether or not it even took place, or whether there was going to be a ruling and how this will all play out. I think a lot of that confusion comes from people not understanding how the SEC works. + +First of all, the SEC doesn't need to have any sort of hearings or even make public its decision to declare Ethereum or any other coin a security. If they do decide, they will simply charge the Ethereum Foundation with a securities violation and then it goes to court. A "ruling" will only come after it plays out in court. + +The SEC has no obligation to hold any kind of hearings or have any kind of approval. They have full jurisdiction. They also have no obligation to make their findings public, and they won't. If they decide Ethereum is a security, they will not come out and say it publicly. The will simply contact the Ethereum Foundation, probably by mail, and inform them that they violated security laws and they are being charged. From that point it becomes a legal proceeding where the Ethereum Foundation can argue the case. This is how you will find out Ethereum has been charged. + +After that, then the SEC will probably put out a public announcement. But once again, this is all a case by case by case basis. They will not suddenly say all crypto is either a security or it isn't. + +Finally, I'm not saying the SEC will determine Ethereum is a security. But if they do, the above is how it will all play out. There will most likely NOT be a crypto wide announcement by the SEC. They will charge one or two projects with violations, then take it to court if the founders of those projects fight the charges. + +THIS IS NOT FUD. It's just an explanation of how the process works. + + +**1) Intro** + +A common sentiment in this Subreddit is the notion that once Eth scales (Eth 2.0 is fully implemented), massive adoption will follow. Furthermore, it is fully expected that this will drive the price of Ether through the roof and lead to the Flippening^TM. + +While I fully support the first notion, I am not convinced the latter is necessarily true (despite what I want to happen). Mentioning these doubts is usually greeted with downvotes in this sub. + +In this thread I would like to provide some arguments and discuss with you the potential impact of Eth2.0 on the price of Ether and how it relates to the Flippening. + +For the Flippening to occur, by definition, Ether‘s market capitalization must overtake that of Bitcoin. This necessitates that the Ether price gains greatly against Bitcoin (or vice-versa). So let us first examine how the price of each token is determined. + + +**2) Token Price** + +So what determines price? On a basic level it is only supply and demand. Let‘s look at each individually and evaluate the potential impact of Eth2.0. + +*Supply* + +New supply will be determined by emission (staking rewards). More supply is provided by transaction fees sold by validators and whatever people sell on exchanges etc. It shall be noted, that tx fees are not (completely) lost, but mostly recycled in the market. Supply may be reduced by burning of tx fees, people hodling, lost wallets etc. Notably, some Eth will be taken off the market due to being locked for staking. It is not clear though, to what extent this will diminish the supply. + +What seems certain, is that the overall inflation rate ((rewards-burned fees)/total Eth) will be reduced. Long term Eth may even be considered quasi-deflationary. + +So far, so good on the supply side of Eth. We know that that reduced supply will put upward pressure on the price. What we don‘t know, however, is the strength of this effect. Perhaps somebody with better understanding of math or economics can model this, but most people on this sub only speculate and hope for an extreme impact. + +When it comes to Bitcoin, similarly supply will be reduced due to subsequent halvings of the block reward. This bodes well for its future price. + +*Demand* + +Demand for a cryptocurency is determined by its perceived suitability as speculative investment and utility of the token. + +It appears, that Ether‘s speculative value lies in its prospect of future utility, way more so than Bitcoin. And indeed, with scaling and adoption realized, Ether‘s utility will increase tremendously. This may result in a diminishing of its speculative value. Ether‘s utility within the Ethereum network will lie primarily in producing staking rewards for securing the network (running validating nodes) and paying for transaction fees. + +It is conceivable that demand increases due to people wanting to stake more Ether. However, with larger amounts of Ether being staked, returns diminish. Moreover, people can just stake Ether they already hodl so there may be no need to acquire more. Tax issues due to earning interest may be prohibitve for some people depending on the local jurisdiction. + +Overall transaction fees depend on the number of transactions and the gas price with both influencing each other. With large scale adoption one might expect a big increase in spending for gas. What needs to be considered here, is that the gas price will be determined by the utilization of the total network capacity. As we know, this capacity is to increase orders of magnitude. It should follow, that gas costs are reduced accordingly, at least until the network becomes congested again. So while those interacting with the chain(s) will need to have some Eth, the required amount may not be significant enough to make a large dent on the demand side. It must also be noted again that tx fees are likely to be recycled for the most part, unless it is decided that a significant amount will be burnt. + +To summarize: demand for Ether will likely increase. It is not clear, however, to what extent and how much this will drive up the price. + +There is no reason for me to assume that Bitcoin will lose its attractiveness as investment vehicle, largely because its accepted value proposition seems to be „just because“. An increase of utility of the token beyond „store of value“ is not really in sight, which does not appear to detract investors. Demand should therefore remain equal or increase in the future. + +**3) Anatomy of a Flippening** + +In order for the ratio to flippen there are certain scenarios. Let us look at our options: + +A) Bitcoin maintains its value as speculative investment (likely) and Ether gains tremendously vs. Bitcoin at the same time (unclear/doubtful). This would imply moon with an Eth price potentially north of $10,000. + +B) Bitcoin loses value due to decreased demand for its investment properties despite its deflationary nature (unlikely). Ethereum gains significantly due to increased demand and reduced supply (likely). + +C) Bitcoin loses its value due to lack of demand (doubtful) without pulling Ethereum down with it - Ether maintains its value or only slightly decreases (doubtful). + +**4) Conclusion** + +Based on this analysis I expect a long term gain in Ether‘s value. While I would hope for a Flippening to occur, I find none of the scenarios outlaid in the last section highly likely for the reasons presented in section two. So while the Flippening is certainly possible, it is in no way guaranteed. + +I‘m looking forward to hearing your thoughts. More technical analysis and especially sources/math are appreciated. +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! +&#x200B; + +https://preview.redd.it/rfk0os4rjob91.jpg?width=679&format=pjpg&auto=webp&s=747a60b20226f1ab0e429fce381b3ce66b39511d + +Ethereum gets a lot of love from the crypto community for being properly decentralized, but has anyone actually taken the time to analyze that network using Ethereum's own topology tools? A Twitter user noticed something quite obvious that maybe none of us have seen before: + +"Few will acknowledge that of ETH's \~5000 mainnet nodes, a full 2/3 are hosted, 50% with AWS, 17% of which is in a single data center in Ashburn, VA. As it was said by venerable eth guy "they are a party to your network." + +Not to unduly cast stones, I just think there needs to be a bit of "parity" in the decentralization discussion ;) " + +https://preview.redd.it/y5jed6lvjob91.jpg?width=680&format=pjpg&auto=webp&s=942e3cd205cfd80809f40ae504b60ec8ac920828 + +I find it highly ironic that other networks (which I won't name) are often scrutinized on Reddit for running in a data center or not being decentralized enough, but when you really look closely at Ethereum, it's really not that much better in this department either. Especially when you factor this plus the LIDO issue, best explained by Laura Shin and co on the Unchained Podcast. [Also worth a watch](https://www.youtube.com/watch?v=63SGtF67aog). + +Folks, I'm not trying to create more FUD here or even say that Ethereum is a bad product. Ethereum is clearly something great. But please consider these facts next time you put it up on a pedestal as the most decentralized L1. + +[Credit: Ashql / Twitter](https://twitter.com/solanobahn/status/1547604262527463424) + +**Correction:** \* Hosted nodes, not all nodes. The number is still very high, regardless. Thanks all who caught that, I regret the error. The top comment has the clarification below: +Hey apes and apetesses, + +This is not counter dd, not even dd. Its just a clearification about the differences what many apes missed by fomo. +Like titled, record date is not equal to share recall (date). +The record date is the date on which the board decides about dividend payment amount and else. +Its not the date to cover shorts. +Furthermore the record date is much more a deadline for an ecentually happening share recall. +They could do it next monday, thursday, on 04/20 or maybe they dont. +So please, dont stick to a date with wrong assumptions. +Last year gme made a recall, this year we still dont know (although its likely). +Furthermore, if a share recall is announced, hedgies dont need to cover at this instant. Last year they started something like 3 days later. + +Please use google, you can check that in 20 seconds before posting trending things here. +Be an educated ape, have 1 or 2 wrinkles. + +Gme is gonna moon, but we dont know when. I dont want apes to panic after 04/20 - predictions on a not predictable situation are worthless and melvin like. +Dont be like Melvin. + +Apely regards. + + +EDIT 1: SORRY for grammar an may be some missunderstanding here: the shares must be recalled by yourselve with your broker. The active part here is up to u, not to gamestop (if ure not an insider/institutional owner). +U got time till 04/20 to do so, the record date is the deadline (ur brokers may need some time, so be fast). There are already post for different brokers how to do it. + +EDIT 2: wishes for TLDR: BUY, HOLD and write ur broker to recall ur shares, deadline 04/20, so be fast. +Not financial advice, just had some beer. +Listen guys, + +This is tech. Shit happens. What really matters is the communication of the company. + +So much FUD around Binance yet nearly every hour we have been getting updates on what the team is actually doing. They have already reassured us that it has nothing to do with our crypto, so we don't need to worry. + +There are exchanges that go down and we hear NOTHING about it. Bitgrail, coinmarkets, Kucoin. All terrible communication. Give Binance a break. + + +What were you going to do anyways? Day trade all your money away? + +EDIT: And now the reduce trading fees by 75% for a bit to compensate. You really cannot ask for anything better than what happened here. This is just the beginning for Binance - imagine how SERIOUS this guys want to be? + +**EDIT2: Their main URL still giving issues. Try us.binance to login. Yes this is legit, you can confirm this on multiple official channels such as twitter, telegram, etc. I just logged in there, everything is fine.** +Lived in a nice senior care facility, but no one checked the account until she passed. There is a 60 lookback that banks cover for fraudulent transactions, after that they say "tough luck". + +We suspect someone who had regular access to her room, after she became disoriented, gained access to the checking account. This not identity theft but what is it called? Police report filed and Chase bank notified of fraud. Without subpoenas being issued to the credit cards, (Discover and Capitol One), that were paid by these transactions, do we have anyway to figure out who did it? Likely these cards are fake too but very curious how to pursue since police have pretty much said "tough luck" too. + +Just seems like this sort of fraud should be going to a specialized law enforcement division as opposed to the local police. +Guten Tag (¡y hola!) to this global band of Apes! 👋🦍 + +I have never seen the EUR->USD exchange rate so low, which may mean nothing but it seems like another possible signal that things are not well in the global markets. Yesterday the markets bled, but Tesla was hit especially hard. It seems likely to be related to the Twitter deal, but I cannot help but wonder if there is some connection to GameStop. Are any of the SHFs who were long on the car stock in desperate need of cash? I can't help but wonder at the connections between everything, but fortunately I don't spend much time *worrying* about such turmoil. I am invested heavily in the best company on the planet, and there is no discount too deep for me to feel secure. + +As we watch eagerly for signs of the MOASS, please center yourself as necessary to maintain calmness. Emotions surrounding investments tend to lead to difficult lessons. The harder you let the red days impact your emotions now, the more difficult it will be to maintain your floor when the price starts to skyrocket. The ups and downs are a certainty, and while most of us expected the MOASS well before today, it remains an unrealized certainty. The day approaches - there is little chance that the vote will fail to approve the share increase, and GameStop continues to proceed with its plans to revolutionize retail. There will be an incredible level of FUD directed at us. Use this community to keep yourself centered and focused, and may your Diamantenhände HODL strongly through it all. + +Today is Wednesday, April 27th, 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: **$129.29 / 121,13 €** *(volume: 393)* +- 🟩 115 minutes in: $129.13 / 120,98 € *(volume: 390)* +- 🟩 110 minutes in: $128.99 / 120,84 € *(volume: 390)* +- 🟩 105 minutes in: $128.92 / 120,78 € *(volume: 350)* +- 🟩 100 minutes in: $128.79 / 120,66 € *(volume: 350)* +- 🟩 95 minutes in: $128.51 / 120,40 € *(volume: 346)* +- 🟥 90 minutes in: $128.48 / 120,37 € *(volume: 338)* +- 🟥 85 minutes in: $128.70 / 120,57 € *(volume: 203)* +- 🟩 80 minutes in: $128.85 / 120,71 € *(volume: 195)* +- 🟥 75 minutes in: $128.82 / 120,69 € *(volume: 194)* +- 🟥 70 minutes in: $128.90 / 120,76 € *(volume: 192)* +- 🟥 65 minutes in: $128.93 / 120,79 € *(volume: 192)* +- 🟩 60 minutes in: $129.01 / 120,86 € *(volume: 192)* +- 🟩 55 minutes in: $128.87 / 120,73 € *(volume: 192)* +- 🟥 50 minutes in: $128.83 / 120,69 € *(volume: 105)* +- 🟥 45 minutes in: $128.88 / 120,74 € *(volume: 76)* +- 🟩 40 minutes in: $128.90 / 120,77 € *(volume: 76)* +- 🟥 35 minutes in: $128.88 / 120,74 € *(volume: 65)* +- 🟥 30 minutes in: $128.89 / 120,75 € *(volume: 64)* +- 🟥 25 minutes in: $128.90 / 120,77 € *(volume: 53)* +- 🟩 20 minutes in: $128.92 / 120,78 € *(volume: 46)* +- 🟩 15 minutes in: $128.90 / 120,76 € *(volume: 45)* +- 🟩 10 minutes in: $128.66 / 120,54 € *(volume: 45)* +- 🟥 5 minutes in: $128.40 / 120,29 € *(volume: 44)* +- 🟩 0 minutes in: $128.50 / 120,38 € *(volume: 44)* +- 🟥 US close price: $127.60 / 119,54 € *($127.61 / 119,55 € 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 1.0674. 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! +# [Evergrande’s Unconfirmable Interest Payments, The Silent Paying Agent, The Roaring Helicopter And The Parable Of The Rich Fool](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +[November 05, 2021](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +By Stan Szymanski + +Two weeks ago, the financial press reported that at the 11th hour, Evergrande, the second largest Chinese Real Estate Developer, [made its past due interest payment](https://edition.cnn.com/2021/10/22/investing/evergrande-stock-debt-bond-payment-intl-hnk/index.html) one day before the ratings agencies would have declared the Company bankrupt for being in arrears for 30 days to bondholders. + +Then, a week later, Evergrande pulled a rabbit out of their hat for an encore with the [‘journalists’ who cover the business of money proclaiming that Evergrande paid the second past due interest payment](https://www.forbes.com/sites/ywang/2021/10/29/evergrande-averts-default-again-but-more-interest-payments-are-on-the-horizon/?sh=60a2970e51b4) just before they would be baptized as bankrupt. + +Last week I wrote [‘Dr. Marco Metzler: Evergrande Missed Second Past Due Interest Payment In A Week-Is Bankrupt-Could Drag Down Real Estate Sector/HSBC & World Financial System](https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255)’ detailing the work of Dr. Metzler who says that the company did not respond to his firm’s request for positive confirmation of the payment(s). With the supposed and reported making of these payments-promulgated by the media, the beleaguered company should have their investor relations department broadcasting this to the entire world, who by the way, is watching. But they don’t. Dr. Metzler got -no- confirmation from Evergrande regarding the proof of their payment. Not from them, not from any rating agency. According to Dr. Metzler in a press release referenced in my article…*’the bankruptcy has apparently already technically occurred*’. + +On September 21, 2021, before the company was past due on its interest payments, ‘China ‘[Evergrande Inches Close To Default Deadline, Investors Wait](https://www.nasdaq.com/articles/china-evergrande-inches-close-to-default-deadline-investors-wait-2021-09-21)’ appeared at [nasdaq.com](http://nasdaq.com/).  + +As we now know, that claim was a fallacy as Evergrande missed that payment. In reading the article, the contributors at nasdaq clearly described the bond issues: …’*A major test for Evergrande comes this week, with the firm due to pay $83.5 million in interest relating to its March 2022 bond VG158043114= on Thursday. It has another $47.5 million payment due on Sept. 29 for March 2024 notes VG158786753=.’…* + +This details enough information about the bonds so there can be no mistaking exactly which securities are in question. As is further detailed on the nasdaq article…’*Citigroup Inc C.N subsidiaries serve as trustee and payment agent for a China Evergrande bond VG158043114= that matures in March 2022 and has $83.5 million in interest coming due on Thursday..’…* + +So we know that Citibank is the paying agent for at least one of the Evergrande bonds. + +At one time bonds were a real part of my life. After coming out of school in the early eighties, it was a bit tough to find a decent job as Pittsburgh PA. was really in a depression with tens of thousands leaving the ‘City Of Champions’ to find gainful employment, mainly because of the steel mills closing. I was fortunate to find a modest, but stable job at the Pittsburgh branch of the Federal Reserve Bank in the Check department. Not too long afterward I moved to the ‘non-cash’ department. ‘Non-cash basically means bonds. I started out processing coupons that were being redeemed from bearer municipal bonds. Later, I worked the non-cash desk being responsible for taking in and processing the actual bonds. I am relating this story because most people in the brokerage business have never actually read a physical bond that they could hold in their hands. But I did. I made a point of reading through the covenants on the bonds and could actually see that the ‘paying agent’ was part of the covenant of the bond. + +Of course today, what do investors get when they buy a bond? They only get a digital notification of the title of the bond, the interest rate and when it is due. There is actually a lot more to the ‘promises’ in a bond covenant but does anyone honor those anymore? Less and less do we see the honoring of covenants whether it is between God and man or between corporations and bondholders. + +So this is why I am aware of things like the paying agent for a bond. I thank the folks at nasdaq for providing us which some of the information necessary to identify the bond issue and especially for identifying the paying agent, who in this case is Citibank. + +**So, just as Dr. Metzler tried to get information from Evergrande and the rating agencies about the authenticity of the alleged interest payments, so too, I tried to obtain the veracity of the media claims of remittance of interest and principle when due to bondholders which should be available from the paying agent.** + +**So very early on the 3rd of November 2021 I sent an email to Ms. Danielle Romero-Apsilos, a spokesperson of some tenure at Citi. Later on in the day, I sent an email inquiry to Citi Fixed Income Investor Relations. Somewhat later, I placed a phone call to Citi Fixed Income Investor Relations as well. I received no correspondence in return from any of my attempts to obtain information that one should be able to readily retrieve from a bond paying agent.** + +**So, I failed, but I succeeded. I failed in getting any confirmation from the paying agent about any authenticity as to the media’s claims. I succeeded in further confirming the work of Dr. Metzler who also shared that he could not come by any information to verify that the interest payments had been made from what should be a reputable resource, mainly the company Evergrande itself.** + +If I am contacted by Citi I will post that I was contacted and the resulting info, if any, at the EA blog. + +The financial media has acted with subterfuge and the actual responsible parties who should be able to unequivocally provide the truth in this matter (the company and the paying agent) are silent in the face of public questions. + +I would like to share that shortly after I placed the phone call to Citi Fixed Income Investor Relations that a roaring helicopter flew directly over my little house located half way to the middle of nowhere at approximately 75 feet AGL (Above Ground Level). I’m sure that this was just a coincidence (now turn off sarcasm). I also had this happen this year after I wrote ‘[Dr. David Martin, CEO M•CAM Illuminates What Big Pharma Knew, When They Knew It and the case for RICO](https://www.encouragingangels.org/new-blog/2021/7/14/02ylny314f3bx6xa5f4efxvgzqomjn)’. It was the same deal; helicopter in the middle of the afternoon, while I was outside flying approximately 75 feet AGL over the house.  + +**If the company won’t tell Dr. Metzler the answers to his questions-If the paying agent won’t respond to inquiry-Should all investors not be utterly concerned about their investments (this is not financial advice-consult your financial advisor)? If the corporate financial media is unwilling to question the conventional narrative-should you trust them? If you cannot trust the financial media-how will you make decisions when it comes to investing and protecting what you have worked so hard to accumulate?**  + +**JUST HOW BAD IS THE EVERGRANDE SITUATION? Why aren’t the large financial media companies and journalists doing what Dr. Metzler and I are doing by simply asking pointed questions to the appropriately responsible parties?** Evergrande is bankrupt according to Dr. Metzler. What’s the worst that could happen to you in an Evergrande collapse? [Dr. Metzler has shared how a global contagion my happen](https://www.encouragingangels.org/new-blog/2021/10/30/tfrmmc0cynrs7an2gbwxoktw4p1255) if Evergrande goes down. + +[https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd](https://www.encouragingangels.org/new-blog/2021/11/5/422lybga2cbk9me70i03o7f1al4oqd) + +&#x200B; + +**Now the media is slowly dripping little nuggets of truth...** + +# Some investors have not received Evergrande unit's bond interest due Nov 6, say sources + +**By** **Clare Jim** **and** **Andrew Galbraith** + +November 8, 2021 + +&#x200B; + +[ Evergrande Group in Shenzhen, Guangdong province, China ](https://preview.redd.it/hh2qxhi9zdy71.png?width=960&format=png&auto=webp&s=e2a919a6348bb5c72fd36b2fb3771e50d96a85cc) + +HONG KONG/SHANGHAI, Nov 8 (Reuters) - Some holders of offshore bonds issued by a unit of developer China Evergrande Group [**(3333.HK)**](https://www.reuters.com/companies/3333.HK) had not received interest payments due on Nov. 6 by Monday evening in Asia, two people familiar with the matter said. + +Scenery Journey Ltd was due to make semi-annual coupon payments on Saturday worth a combined $82.49 million on its 13% November 2022 and 13.75% November 2023 U.S. dollar bonds. , + +Non-payment of interest by Nov. 6 would have kicked off a 30-day grace period for payment. + +Twice in October, Evergrande narrowly averted catastrophic defaults on its $19 billion worth of bonds in international capital markets by paying coupons just before the expiration of their grace periods. + +One such period expires on Wednesday, Nov. 10, for more than $148 million in coupon payments that had been due on Oct. 11. Evergrande is also due to make coupon payments totalling more than $255 million on its June 2023 and 2025 bonds on Dec. 28. + +A spokesperson for Evergrande did not immediately respond to a request for comment. The sources could not be named as they were not authorised to speak to the media. + +Reuters was unable to determine whether Evergrande has told bondholders what it planned to do regarding the coupon payment due on Saturday. + +BONDS, SHARES FALL + +Evergrande's shares edged lower on Monday, finishing the day down 0.9%. They have fallen nearly 85% this year. Duration Finance data showed the company's dollar bonds continuing to trade at discounts of about 75% from their face value on Monday. + +Once China's top-selling developer, Evergrande has been reeling under more than $300 billion in liabilities, and its liquidity woes have reverberated across the country's $5 trillion property sector, prompting a string of offshore debt defaults, credit rating downgrades and sell-offs in the developers' shares and bonds in recent weeks. + +Spreads on Chinese corporate high-yield dollar debt [**(.MERACYC)**](https://www.reuters.com/quote/.MERACYC) widened to record highs on Friday, and on Monday Shanghai Stock Exchange data showed developers' bonds once again dominating the list of the day's biggest losers. One yuan bond issued by an onshore unit of Shimao Group [**(0813.HK)**](https://www.reuters.com/companies/0813.HK) was suspended from trade after falling more than 34%. + +Falls even extended to investment-grade names. Tradeweb data showed a 4.75% January 2030 bond issued by a unit of Sino-Ocean Group Holding [**(3377.HK)**](https://www.reuters.com/companies/3377.HK) fell nearly 15% on Monday to just above 75 cents. Sino-Ocean is rated "BBB-" by Fitch Ratings and has a "Baa3" rating from Moody's Investors Service. + +Nomura economists Ting Lu and Jing Wang said in a note that they expected "much higher" repayment pressures on developers in the coming quarters, almost doubling from $10.2 billion in the fourth quarter of 2021 to $19.8 billion and $18.5 billion in the first and second quarters of 2022, respectively. + +"With the worsening property sector, we might see a rebound of defaults onshore by developers, and bond prices in onshore and offshore markets may increasingly impact one another as investors are on alert," they said. + +"We believe regulators are likely to step up efforts to avoid rising defaults in China's (offshore commercial dollar bond) market." + +Regulators in October told developers to proactively prepare for repayment of both principal and interest on their foreign bonds and to "jointly maintain their own reputations and the overall order of the market." [**read more**](https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/) [**https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/**](https://www.reuters.com/business/shares-china-evergrande-fall-early-trade-2021-10-27/) + +[**https://www.reuters.com/business/some-evergrande-units-offshore-bondholders-have-not-got-interest-due-nov-6-say-2021-11-08/**](https://www.reuters.com/business/some-evergrande-units-offshore-bondholders-have-not-got-interest-due-nov-6-say-2021-11-08/) + +&#x200B; + +**EDIT:** I have removed the religious connotations of the post because it seems to have triggered some folks...could be shills? This is information sharing, nothing more and nothing less. Stan Szymanski's blog, I have followed ever since he started posting about the Evergrande crisis there because it has good information. The fact Stan is a religious man (just like myself) seems to be a contentious point however it's a blog called "Encouraging Angels" - it's message is "disability awareness through music, media and witness". + +&#x200B; + +&#x200B; +I'd appreciate your collective input on my situation, which is as follows: + +* FAANG SDM (Bay Area), late 30's, no longer enjoying it +* Income: $500k/year (W2) + $400k/year (1099 gig) + $50k/year (net income from rentals) + $10k/year (dividends) +* Expenses: About $160k/year (primary mortgage, car, food, utilities, travel, gifts, family). Rentals pay for themselves before stated net income. +* Assets: \~$7M in RE ($2M PR + $5M rentals), $1.8M in brokerage/retirement/cash/specialty investments +* Liabilities: \~$3M in fixed-rate mortgages +* Net Worth: \~$5.8M ($3.8M without PR) + +I'm very burned out and am planning to FIRE/quit my (admittedly lucrative) W2 job at the end of this year, and the 1099 gig might end as well since it's a project that's ending soon. This leaves me with $60k/year in passive rental + dividend income against $160k/year in expenses, which isn't even cutting it close. A 3% withdrawal from brokerage would only be $54k/year but not sure I want to sell right now (red in quite a few positions). + +I don't want to be a full time employee somewhere else for now (starting from scratch, proving yourself, politics... sounds daunting) and I feel that I need to take at least a year off or so to recharge. The RE is rather illiquid especially in the current climate and I'm worried to deplete my brokerage account in a market downturn. + +How else might I bridge the gap? I like the bay area and don't want to sell or move to MCOL/LCOL, but maybe some of you have gone through something similar. I feel like I'm "rich by numbers" but when it comes to monthly/annual cash flow I'm not close to where I need to be. +I will preface this by stating that I am a full-time medical student at university. I receive full student loans + £2000 in bursaries. I work irregular part-time Bank Staff work at my local hospital. + +The maintenance loan amount I receive is £10,642 per year, + £1000 in September and £330 each term (the aforementioned bursaries). + +As I only work on the staff bank I do not have regular set income from the bank work that I complete as it totally depends on how much I work. My university commitments totally dictate how much I am able to work. As it is currently summer I am working as much as possible and only working nights and weekends to maximise my earnings. + +The rate of pay for the bank work is £10.81ph (£14.81 for nights/saturdays and £18.81 for sundays), and I tend to work 12 hour shifts. + +I have two overdrafts. My student bank account is interest free with an overdraft limit of £1,500. I am fully overdrawn in this account. + +I have another current account with an overdraft limit of £1,000. I am overdrawn by £500 in this account. + +As for my outgoings... it is worth mentioning that when I took out my car finance I was in a better financial position, but also underestimated the burden this would place on me. I've never had such an expensive regular outgoing before and didn't anticipate it would be too difficult to pay. Then I got overdrawn and was living in my overdraft to afford to live, and still am. + +My regular outgoings are: + +**Rent:** £478pcm (includes bills) + +**Car finance:** £225.37pcm (£14,563 total remaining, ends in 2025) + +**Private car reg (sigh):** £39.94pcm (£239.54 total remaining, ends 02/23) + +**Phone:** £51.37pcm (£545.68 remaining, ends 09/23) + +I do have a few other small outgoings (house insurance for uni which is £8.81pcm, pre-payment certificate which is £10.81) and other subscriptions (Spotify, Amazon Prime, iCloud storage). + +**Now for where I am struggling:** + +I don't know where to start on breaking even. My main concern is getting out of my overdraft, but I am not sure how to start with this. As I work on an irregular basis, my pay is not the same each week/month. I can work as much as I possibly can before I go back to uni in late September and will be able to work while back at uni in the same job and similar rates of pay. But I do not know what to prioritise. + +What do I do with the pay I receive? Put the money aside for my regular payments first, then start paying off my overdrafts? What about when uni starts and I only receive my student loan termly? Put aside all the money I need to last me until my next student loan? I have had a look at the flowchart but am really struggling on the budget building part due to my inconsistent incomings. I don't know how to budget properly when I don't know how much money I have to budget with. Sorry if this seems such a foolish thing to say. + +Anyone who can help or point me in the direction of some concrete advice that will help in my situation would be greatly received. Thank you. +Am thinking of moving to a tax haven when I get older. Carry 3 passports. Am willing to get rid of US passport(yes I know about the exit tax). Has anyone moved to a tax haven or always lived in one? What has your experience been? Has anyone decided against it for one reason or another? +I read a statistic that the overwhelming people who venture into trading fail. Why do you think that is? I'm reading peoples experiences on becoming profitable and they say it takes them years, I've been learning for a couple months now and am finding consistent profits in the simulator, I know it isn't like the real markets but I feel like it was a bit too easy. I'm not trying to flex but if someone avoided all the pitfalls by avoiding beginner mistakes that blow up accounts, and traded solely on a simulator for a couple months and if they properly risk manage, could it take only a couple months to become profitable? +We are military and trying to find a home in utah which we will be flying out to in a few weeks. Market is nuts and this home seems to good to be true.Its 1700sq ft 4 bed at 1600$ a month, 2-300 less than other homes in the area. House is listed on a legit rental site with pictures and information but the landlord sent us a very generic rental application and left the fee portion blank. I filled all info and told him id sign once it is filled in, he told me the amount (200) and asked for it via zelle, i offered paypal and he requested friends and family. I filled in 200 on the application,signed and sent it back. But havent paid yet + +Its only 200$ but my concern is the rental legititmate and how can i verify it isnt just someone scamming for easy application fees and security deposits? + +If the landlord is requesting friends and family to avoid fees , fine. I dont mind paying the 3% or whatever + +Update: Found the actual owner through state land owner registry. Contacted owner through linkedin. Then called the person claiming to own the house, they were using a google number and ignored the call. Messaged them asking if they were owner or listing agency and they ghosted. +So there's a lot of newbies here, including my self, and I wanted to see if some more experienced people could help here. + +Basically we all know getting into a coin at the ground level is huge, some of you here were able to purchase from the ICO for Ether as well as other big names. + +So basically what I'm asking is, what resources do you use to discover these ICOs and what resources do you use to read about them, besides the white papers provided by the company. + +Is there any dedicated subreddits or forums for discussing upcoming ICOs. + +I just got done perusing TokenMarket.Net and can say I'm very very interested in a few there (especially Sphere) and would like to know if anyone in this awesome community can point me in the right direction forward. +- I'm so sick and tired of the Dude-Bro entrepreneurship gimmicks, confetti and fluff that I get solicited with on YouTube. "You too can become rich in real estate with no money down, a low credit score, and creative financing . Just do the mailer, the cold-call then the wholesalez!" It's pathetic if you ask me. Most of the people that buy these guru courses are better off stuffing their emergency funds or investing in themselves. + +- I was hoping someone could recommend a list of highly technical books on real estate investing. Textbook recommendations will suffice. +Ill start with the TLDR: + +Relocating from SC to KY, closing on house in SC has been delayed past end of contract (I still have the option to extend if I'd like), approved to carry both mortgages and can bring enough cash to close in KY without equity in SC house. Now I'm considering pulling the SC house off the market and trying my hand at landlording. + + +Relevant information: + +Home in SC appraised for 194,000 (up 20k from where I purchased in 2018), and I currently owe 142,000 on a 15 year mortgage. Is located less than 5 mins from access to interstates, is in a good school distract, and is 10 mins from 3 colleges, a med school, and a chiropractor school. + +Rent for SFH of similar layout and square footage is 1500-1700 a month. + +I figure if I refinance to a 30 yr note on the house PITI will be roughly 950 a month + +House should be fairly low maintenance as it was a new build in 2018 with a local constructor and I didn't have any issues in the 2+ years I lived in it. + +Have close family friends in the area that have about a dozen properties that have said they would be happy to help with answering questions, sending potential renters my way, and putting me in contact with the good contractors they use for repairs and lawn care + +Have family that live less than 30 mins away from the property so in the event of an extreme emergency they would be able to respond + +Salary at new job is such that I could easily float the mortgage of my old home if it were vacant indefinitely without impacting my quality of life + +My biggest concern with self managing is that I'll be living 6 hours away from the property. + +The biggest opportunity cost I see with the house is that my relocation benefit covers realtor commissions so there about 12k in value there that I will be giving up to keep the house + + + +I'm looking for another set of eyes to give me a sanity check and try and point out some things that I'm maybe missing. +This infographic popped up in my feed today. While certainly interesting in its own right I believe it also serves as a warning to generic questions on the Internet. When you ask for advice on how to accomplish (insert task here) in State X the regulations may be different from someone who operates in State Y. This is why it is important to do your own due diligence and to develop local resources. + +https://www.rentcafe.com/blog/renting/states-best-worst-laws-renters/ +I had a thought/theory, so please poke holes where possible.. I am happy to hear I am wrong to save the time/money/trouble... + +**Backdrop**: Based on the bull market we've been in the past few years, inventory in the market(s) I want to invest has been limited and I am anticipating significant inventory becoming available in the coming months. I have enough liquidity to buy and hold and am comfortable incurring some levels of risk for the long term gain of building a strong real estate portfolio. + +**Theory**: My thinking is there are investors who are significantly over leveraged, or will be very soon, and who (to no fault of their own) are now racing against time to minimize long term exposure and liquidate their investment property(s), even if that means falling below their break even point, providing ample negotiation power. + +Question(s) + +\- If this holds true (over leveraged sellers will need to liquidate assets), what are some of the best ways to identify these investments? + +\- If not, why not? Would love to hear what I am not considering to stress test my theory and triangulate with those who are much, much smarter than I am... + +Morally/ethically, there are considerations here, but Buffets adage of "Be fearful when others are greedy. Be greedy when others are fearful" is what is prompting this thought pattern. + +thanks. +My wife and I bought a house in an inner-city neighborhood in a city of a million plus people. It is a 70’s house that has been well maintained. We bought it planning on making it our home. + +Earlier this year, I found a draft of a local area plan that was being prepared. Under this proposal the scale of my property would change from limited (capped at three stories) to low (capped at six stories). This would allow me to build a condo building on the property. To add to this the house next door to me is a corner lot and has been unoccupied for a long time. I have met the owner who lives outside of the city and we discussed his property and what he plans to with it. He indicated that he would be open to moving the property if his price was met. This would give me a 100’x110’ of property the develop. + +I haven’t been able to find a lot of information on low rise development cost in Canada to develop a budget or put together any kind of business plan for the redevelopment. Does anyone know of resources I can read up on to get some more information on what to consider in this kind of redevelopment? + + +Thanks in advance. +I vaguely understand that CSPs = CCs, right? + +So shouldn’t that mean we agnostic to selling puts (or calls) on down (or up) days? + +I havent seen it spelled our, but I assume the difference is calls are primarily sold on our existing portfolio on up days? + +Then the default is to just sell CSPs on stocks getting too much short term negative sentiment and only initiate covered calls on stocks we are interested in holding long term despite wanting to sell calls against short term exuberance? + +Are we often buying stocks to sell calls on that we aren’t interested in holding long term? +I’m in a bit of a unique situation where I’m planning to purchase a home (we have a multi-generational household with 2 kids and grandparent). Currently we’re renting a home worth 3.5-4M for ~7.3k/mo in the SF bay area. The rent/buy equation heavily favors renting, but for stability we’re wanting to buy and live in our area long-term. + +Currently I’m budgeting for a 2.5-2.7 M home in good school districts. Grandparent will chip in 1M and I’m thinking to pay ~1M cash and take out 750K mortgage to the new SALT deduction cap. Property taxes will be ~25-30/yr but deduction is capped to 10k/yr, but I think that's per person filing taxes. If my wife and I can claim 10k deduction and grandparent 10k that would be ideal. Is that possible? + +How should we structure the arrangement to achieve those goals? Some kind of partnership structure (LLC)? Or can several individuals own the same home and both claim as primary residence? + +Any other advice or suggested changes to the plan? I’m about 8M net worth right now (500k HHI), and know we may be buying at a peak but just want the stability (not expecting huge return from the house). Once our kids are in public schools in 5 years our spending should stabilize to 150-160k/yr…I’d like to have flexibility to drop our household income for few years to pursue projects / new businesses ventures… + +Anything I'm not considering or missing? +While I was generating cashflow through employment, all of my investments have been piled into growth equities (i.e SP500) which has obviously performed very well over the last decade. + +I plan on living off of my savings soon and wondering whether people have switched their investments over to dividends or other assets to generate cash flow, and obviously the tax implications that come with it. +When an IRA or 401K is rolled over to another provider, your investments are typically sold, a check is issued, and sent either to (a) You or (b) the new institution. + +I would caution initiating a rollover right now due to extreme volatility. Let's say that your old plan is liquidated today, right after a 10% drop. The check is mailed out in 5 business days, you receive it in another 3 business days, and forward it to your new institution who processes it in 5 business days. That's 13 business days in which a lot of swings may have taken place, and with funds being liquidated you may have taken a massive loss. I generally don't recommend timing the market, but with rollovers you are out of the market for a few weeks, it may be wise to keep your funds in the current plan and wait to roll over until the volatility has subsided. +Still pretty early in the journey (29M, hovering around $600K NW depending on the day). All in real estate, with a day job at a big name non-FAANG tech company and a side hustle as a real estate agent. + +I’ve been thinking about what I’d want to do when I finally hit fatFIRE. The plan would be to continue being a real estate agent just because I love to sell, but I’d likely only stick to 6-8 houses a year, or less if I feel lazy. + +I met one of my old college professors for drinks at his house lastbweek, and he mentioned how they were looking for someone to teach a sales class for business majors. I almost lept out of my seat volunteering to quit my job and go from fatFIRE to leanFIRE. I got shot down immediately, being told there was no way in hell they’d hire a 29 year old with just a bachelors degree, my university only hires MBAs or Ph.Ds. I figure that’s dumb as hell because there’s no Ph.D in selling. I ended up cold calling the dean to sell him on me teaching the class, but he told me they’re no longer doing any new hires because of COVID. I offered to do it for free, but was told they still aren’t making any plans until they get their budget right. + +So I’m thinking-I do better as a part time agent than the average agents does full time. Maybe in like 10ish years I retire, do my 6-8 houses a year, and teach a sales class at a community college or something. I hear community colleges will consider people with only bachelors degrees if they have the right experience. + +What I have no idea about is the process is for creating a class like that-and if it’s even worth it. So far this is an idea that’s been in my mind for about 11 days, so I’m still in the honeymoon phase where I can’t think of anything wrong with it. + +Tl;dr: I want to create and teach a sales class at a community college or university when I retire, but haven’t thought it through pretty much at all-both how it’s done and what it’s really like-everything is still very new and fresh and impulsive. + +Edit: seems the general consensus is they won’t let me in the door without a masters degree unless I’m some God of my field, and then I will be subjecting myself to long hours and abuse by the university. Seems the path is clear to me-time to get on Million Dollar Listing and then start my own damn university! +I’m curious if anyone has a nice list of HNW account types at the various banks, minimums required to qualify, and associated perks. I found [this article comparing Chase Private Client with the Wells Fargo Private Bank](https://www.investopedia.com/articles/managing-wealth/061616/chase-vs-wells-fargo-which-best-highnetworth-accounts-jpm-wfc.asp), but haven’t found a broader survey. + +I’m currently looking to find the best places to “park” assets to meet perk minimums without paying for active management and the various other fees they charge. For example, Chase Private Client has a decent signup bonus of $1250 and a few decent perks, and it seems to be possible to get it by transferring $250k of index funds from Vanguard to it, so I’ll probably do that and leave it alone. I’m seeing conflicting data on minimums from Wells Fargo but it’s either $1M or $2.5M and they seem to have some nice mortgage rate discounts and other unusual benefits that might sway me to shuffle some Vanguard over there too. If all I have to do is say no to an active management salesman once every few months, I don’t mind. + +Anyone have experience shopping around for these sorts of things? As far as I can tell, there doesn’t appear to be any harm in using them to park assets (I don’t keep much cash around so checking yields aren’t interesting to me), and while the benefits aren’t slam dunks or anything, some can be decent. + +Edit: come to think of it, this feels like the beginning of /r/fatchurning, but I’ll hold off! +I've started a new blog (http://letslearnfinance.net) and want to cover various topics and concepts in this field. I'm adding content as I come across and understand it and got quite a few post ideas but was wondering if anyone could help me out. + +What kind of financial concepts or ideas would you like to be explained? Maybe something you would like to know more about or see another perspective on? I'll be sure to credit your recommendation on the post itself! :) + +I'm hoping that a suggestion here can help me focus on one aspect of finance because there's just too much im trying to cover! + +I wouldn't mind doing a bit of research and writing about a concept im not familiar with - after all, I want to learn more myself! This'll most likely be the case as im only in my sophomore year at University haha but I'm definitely looking for a challenge :) + + +**PROGRESS** +> I'll use the edit function to update this post each time a concept or theory is knocked down. + +* @Benjammin822 - [What is Financial Mathematics?](http://letslearnfinance.net/2012/06/04/what-is-financial-mathematics/) +* @iamstandingbehindyou - [What are Derivatives?](http://letslearnfinance.net/2012/06/08/what-are-derivatives/) +* @desquibnt & @pontsone - [Introduction to Bonds and Share Valuation](http://letslearnfinance.net/2012/06/09/introduction-to-bonds-and-share-valuation/) + +This is in reference to the stock-to-flow model, which I believe is a solid indication on BTC's path albeit taking a different route right now. The stock-to-flow model suggests that should be roaming in the region of USD 100k during this period, but we have not even seen it going passed USD 70k yet. + +https://preview.redd.it/wny63lj62ry81.png?width=1789&format=png&auto=webp&s=e8222f0ca93d62aa793f7d5a2164437c0e2ff619 + +That being said, there is a glaring change of pattern between the previous bear market, against the current bear market. + +&#x200B; + +|Year|2013 - 2015|2018-2020|2022-2024 (?)| +|:-|:-|:-|:-| +|Peak Price|USD 1,149.14|USD 19,970|USD 69,050| +|Bear Market Low|USD 197.24|USD 3,109|USD 28,000-29,000 (?)| +|Drawdown|\-83%|\-84%|\-58% (For now)| + +Realistically, BTC does not go lower than its previous ATH, according to previous patterns. So, we probably won't see BTC going down below USD 19,970. This is why this current bear market is interesting. We are seeing possibly a **lowering in the drawdown**. + +The bear market is getting more and more bearable. Pun intended. + +That being said, if you had entered into crypto this year, then the next point of exit should be by the next halving in 2024/2025. Although the current halving hasn't met the expectations yet, the previous halving would suggest that the metrics is rather promising. If you're concerned about the stock-to-flow model not meeting the prediction this time, consider that BTC had exceeded the stock-to-flow prices previously as well. It will eventually balances out. + +However, you do need to pay additional considerations if you're jumping into alts. + +&#x200B; + +Edit: I have just found out through the comments that the S2F model is invalidated. I stand corrected, and appreciate the comments. + +My key takeaway is chiming through Plan B's note as well- + +1. We are seeing possibly lower drawdown in the market (Through lower ceiling, and higher floors.) +2. There's a clear break of pattern in this 2022 bear market in comparison to the previous two. +3. BTC have not went below it's previous 'ATH', in this case, it's around USD 19k. + +I am however still adamant that you should go through at least 1 full cycle of BTC halving for your exit strategy. This isn't a get-rich scheme, and the cycle is rather inevitable IMO. It's just that now, we are seeing a different ratio to the cycle. +“Harris released a plan for an expanded version of Medicare that would involve taxing stock trades at 0.2%, bond trades at 0.1%, and derivative transactions at 0.002%. “ + +This is the value of the trade, not the profits. Let’s pray this never passes. + + +https://www.google.com/amp/s/markets.businessinsider.com/amp/news/kamala-harris-vice-president-market-impact-biden-election-allison-schrager-2020-8-1029497431 + +Edit: + +Some scalpers trade an 8 dollar stock hundreds of times a day at 1000 shares a pop. So each time they enter and exit they pay the .2% tax on the total + +So someone who enters and exits 100 times a day(50 trades) the math looks like this + +8 x 1000 x 100 x .002 = $1600. + +Some scalpers can trade thousands of times a day. Scalping becomes a non viable strategy. Day trading also takes a major hit. I guess we all move to Puerto Rico if this becomes a thing + +So my grandma passed away recently and we are going to sell her house. On her will it says the house for however much will be sold for will be spilt between 5 cousins. Don’t ask why. So I was thinking that when I get the money I should put it into ether rather than a term deposit in the bank. Where I would be getting around $300 dollars a year extra. Do you guys think it’s a good idea to invest that 150k into ether or should I look for something else ? + +Tldr: grandma died getting 150 k in inheritance should I put it all into ether? +**Disclaimer** : I only started to get into trading last February and my portfolio is 100% GME. I learnt a lot over the past few months on this sub but still don't know much about trading in general so take everything I say with a grain of salt. **However**, I noticed clear patterns in GME price that are too visible to be coincidences in my opinion, and that I haven't seen talked much on this sub. I will offer my theories explaining the patterns but I hope more wrinkled brain apes can look into it and correct me if needed. + +**TL;DR :** If the Second wedge started in June behave similarly than the previous wedge (and it looks like it is so far), we could see a good set up for the MOASS at the end of August. And also any other day before. + +# 1 - The upward trend line + +This is a line I drew quite some time ago. I actually [shared it on the sub](https://www.reddit.com/r/Superstonk/comments/n4vfx1/not_financial_advice_but_buying_the_dip_close_to/) last May after the price got close to the line again. The post didn't get much traction so let me give more details about why I think this line is meaningful. Here it is : + +[GME Trend line](https://preview.redd.it/2f12tue5ig971.png?width=1285&format=png&auto=webp&s=b58ab508b68f761a957c37218471a6c2c4763d4f) + +To draw it you have to set two data points that correspond to the lowest price on 26th of February -86$ and 13th of April -132$. These round numbers give a total rise of 46$ in 31 business days with an average uptrend of 1,484$/day. + +At first sight, we can quickly notice that even though there are huge swings, the price gets very close to this line a remarkably high amount of times. Between March and June I can count 7 times or period of time where it got really close to it. + +But something that particularly caught my eye was how ridiculously close the price got from the trend line before the January run up : + +[Zooming to 14th December - 21st of January just before the first run up](https://preview.redd.it/0j8kidevng971.png?width=621&format=png&auto=webp&s=a51b01ba4769efcff06e875a9cf4a8dc7a316d7e) + +23rd December and 14th January highest price of the day are literally touching the line perfectly (about 0.5% error) and we get 6 days total where it got pretty close. How crazy of a coincidence can it be that the price follows so accurately this trend line ? Especially since we are *before* the first run up even though the trend line was built using data *after* this first run up. + +Let's now go back to a more recent action price : + +[10th June - 2nd July period](https://preview.redd.it/6dauaymhvg971.png?width=811&format=png&auto=webp&s=270ff45b2cabc33073e47e42cd02a3441278cdd5) + +Even though it is not as obvious, to me the 25th, 28th, 29th and 30th are clearly trying to follow the trend line. Especially considering that the price shot up to 345$ during the June run up. My tits got unreasonably jacked during the last hour of 25th of June with 2M volume and the closing price ended up being precisely back on track with the trend line. + +Starting December 14th, the price got significantly under the trend line only 4 times in total : + +|Date|Duration (trading day)|max difference ($)|max difference (%)| +|:-|:-|:-|:-| +|24th Dec - 12th Jan|12 days|23$|50%| +|8th Feb - 23rd Feb|11 days|40$|50%| +|10th May - 12th May|3 days|25$|15%| +|1st Jul - Present|3 days so far|21$|11%| + +Those are only 4 data points but it appears that at least so far not only the duration when the price stays under the trend line gets smaller, but how far away from the trend the price can go gets smaller and smaller as well. It will be interesting to see if the price gets back to the trend soon or not. + +# 2 - The March-April-May wedge + +I kept on drawing lines and found out something quite interesting : If you draw a line between the highest peak in January and highest peak in March you get this : + +[Descending trend line in yellow](https://preview.redd.it/tst8bcrlal971.png?width=987&format=png&auto=webp&s=64e6bb4067a6f5365e15e085f167fd47e154cdc0) + +As you can see it forms an almost perfect closing wedge at the beginning of May. There is a bit of resistance when it is crossing our upward trend line, then it is forcing its way down before getting back to the upward trend line only 3 days later. + +And then something else appeared : it felt like the whole wedge is trending down at the same speed as the closing wedge. Most notably the 17th-23rd March, 14th-16th April and 19th-23rd April. I draw multiple lines parallel to our descending trend line to illustrate this : + +[Parallel trending lines](https://preview.redd.it/y86wnb1odl971.png?width=987&format=png&auto=webp&s=a028a4a6574340cc124f252336ada853798d9fef) + +# 3 - The June wedge + +I then applied the same logic to our more recent run up. I drew a line from the highest peak in January to the highest one in June and came up with this : + +[June descending trend line](https://preview.redd.it/qvqsq0eigl971.png?width=1478&format=png&auto=webp&s=54548477322e8fd05bfed7add524aa9fc5deff83) + +You probably guess what I'm gonna do now... Draw parallel lines ! And what a surprise ... + +[June parallel trending lines](https://preview.redd.it/4glohk94hl971.png?width=1478&format=png&auto=webp&s=485ee7a68e5fce58a96cebe1692c86cbe25aeba3) + +We are currently trading in a descending channel exactly parallel to the January to June highest points, just like what was happening during the previous wedge. + +# What means ?? + +So here is what I think : Citadel/Short hedge funds have a huge control over the price, but they have to stay within certain limits to stay solvent. Those limits are showing as linear trending lines on the graph. Please correct me if I'm wrong but I believe the reason it is linear is because Citadel primarily uses options which are derivatives of the market. By buying/selling options and hedging at specific times they control the speed at which the stock goes up or down. This means that they are able to transform retail instant buying pressure into a slow linear trend line. That is also why holding is an effective counter to their techniques. + +As long as GME went down after March run up following this downside trend, they were good on their sheets. But when they realized they couldn't keep out of the upward trending line (too many diamond hands), they changed their strategy and went for another pump and dump. Someone suggested they sold crypto to avoid margin call. It could be that they sold crypto to buy GME for this new pump and dump, since the crypto drop happened exactly between the two wedges. + +Big speculation here but I also think that Gamestop sold their shares to counter their pump and dump strategy. Big price movements are not happening because of retail and the price dropped instantly after the news got released that they were going to sell shares. My guess is that Citadel&Co realised they were going to lose a lot of money if they don't sell their shares now so they had to cancel the pump early. That's why Ryan knew it was going to go down instantly and told us to buckle up. + +What this also tells us is that there is no improvements for short hedge funds between the first and second wedge. The price action is still based on the huge amount of options and new shorts created during the January squeeze. The only difference is the 200K puts that expired 16th of April. I think Hedge funds are getting low on ammo. Again. + +# What to expect next ? + +I have added the t+21 cycles and some events coming on the chart and oh boy it looks juicy. + +[T+21 cycles are the periodic vertical blue lines. NFT announcement 14th July.](https://preview.redd.it/40r39mdz1m971.png?width=1392&format=png&auto=webp&s=056668839994edb58a5e39026a31a6b88fc29339) + +I know I know, no dates but come on, here we can see on the graph at around the 20th of August, not only a T+21/T+35 (with 400K puts expiring !) event but also the closing of the big January-June Wedge. Of course short hedge funds could give up any time before that date, but stars seem to be aligning around this time. + +They can push to get out of the linear trend line but I believe they cannot do it for long. Right now it seems that's what is happening. If the theory is correct, the price will eventually get back to the trend line, like it did many times before. We will see how long they manage to keep the price down but I wouldn't be surprised if right now is the lowest price GME will ever be at again. I hope so since I bought a few more shares again today ! + +On the other hand, right now could be what hedge funds think is their last chance to make people sell, so they could go all in to try to keep it low for a longer time like they did in February. + +Keep in mind this is just a theory, it could be wrong or they could work very hard to make the theory become wrong. In any case I have complete trust there are only diamond hands here and MOASS is inevitable, however long it takes. + +If people want to play with the chart you can make a copy [here](https://www.tradingview.com/chart/4MuabdvY/). +With record low interest rates, cash savings in HISAs are being eaten up by inflation and tax on interest. For those of us who can’t afford property yet, where can we put our money in the meantime so that it’s not whittled away? + +I’ve maxed out super contributions and have a small ETF portfolio, but I’d like to purchase a home in the next 5 years or so, and am little cash heavy as a result. Seems to be the worst time in history to be a saver! +Before the Opec meeting the speculation was a good cut would be the result (rumors of 10-20mbpd) and oil futures were up, now they are down about 7%. US down 8.25%. + +https://oilprice.com/oil-price-charts/45 +There is an inverse relationship between money and youth: the younger you are, the more impact money has on shaping your happiness / life. But that's somewhat misleading. What is really impactful is the abundant amount of social opportunities due to youth. + +* At 18, an ideal life would be leaving the parents' house, traveling, learning, and self-improving by doing lots of different things with different people and going with the "flow." Success is highly correlated to social success. + +* At 30, those "same" steps are now a baseline expectation and growth isn't exponential. Growth becomes linear and regrets become exponential, as dwelling in your 30s about yours 20s becomes an ambition death sentence for a stagnant life. + +This brings me to my main point: how do you balance lean fire (saving lots of money) versus finding social opportunities (that tend to cost more money to keep up)? + +I believe I messed up. I have retired early but I removed the social factor in consideration. In fact, it becomes a lot easier to save lots of money if I don't care about appealing to other people. But I do and so I just avoided something with drastic opportunity costs. + +To save money, I just ignored social expectations. I lived with my parents (still do, almost 30 years old), slept on the floor (it was more on wasting money, every mattress I bought sucked after 6 months), and mindlessly focused on working. + +I look back at the years and the only highlights are job related or money related. I have never been hugged, kissed, or loved. I have never had someone call me just to hang out (people call me because they want something from me). By ignoring the seduction of social opportunities, I have never experienced lived life. + +What would you do in my situation? How do you improve your own social interactions while saving for retirement? +We’re gearing up for the most epic rug pull on the majority of society. What a fucking joke. At this point it’s utterly disgusting. I feel bad for all the people out there who are going to get crushed when the market and economy totally collapse. + +I’m fortunate to have accumulated a ton of shares of my favorite company. I’ll be able to secure the financial security of my family and have money to try and help those in need. I will never put a penny back into the US markets. + +Wen rug pull? +Or £400 / month? Or £1,200 quarterly etc. etc. + +I guess "time in the market" means I should get the money in as quickly as possible ... so £20 per day would be the best? +I have some money in cash (interest rate below inflation), some in stock market funds, and some in peer to peer lenders (interest rate just above inflation). Neither of the latter seem to be particularly low risk in the event of a financial crisis, but bonds (which I don't have much knowledge of) still seem to have the possibility of capital loss (e.g. looking at vanguard global bond index performance recently). Where do you people put low risk investments that still beat inflation? Do such things exist? +I'm new to investing and using a practice account as I'm yet to be old enough to invest, my portfolio is doing really well and I think it may be due to sell? +Let me know your thoughts so I can understand what decision to make and to further my knowledge +So quite in the red on IAG bought at 280p in for the longterm, rather than short term gains. + +Wondering on what peoples thoughts on the rights issues, is it a good idea to invest more and lower my average cost per share & potentially shorten return period or just sell my rights? + +What are other people doing? +Sylvania Platinum is a producer of PGMs (palladium, platinum, rhodium). They are a Bermuda based company, operating out mainly in South Africa. They are listed on AIM. The metals they mine has a wide range of uses: from jewellery to medical equipment, to fuel cell technology and catalytic converters. + +I came across this company when it was trading just below 100p. And it is now at 139p. I personally believe they are still massively undervalued and has a lot of room to run higher. + +Just a quick glance at their Financials below: + +• They reported a massive 62% jump in revenue from 2019 to 2020. They have an insane net profit margin of over 41%! + +• They have a P/E of 9x which is something I have never seen before. Goes to say compared to some of the P/E ratios we have seen in the past year or so this is ridiculously low value. + +• They have a dividend yield of over 3% which is just an added bonus + +• They have almost no debt. Quick ratio of over 10x and a debt to equity ratio of 0.21%. I am not sure if I have seen such a low debt for a mining company before (please do correct me if I am wrong) + +Ofcourse, there is never a company that doesn't have its own risks. The main ones I can think of: + +• I think the biggest risk they face is the price of these metals. They have had an incredible rally over the last year or so. Whether this is sustainable in the short term or not is difficult. Rhodium, for eg, has almost tripled in a year. Any fall in the prices of these commodities will have a direct impact on their revenue. + +• Oxidation is a challenge when extracting these metals. They have found high level of oxidation in some of their plants which has resulted in poor recovery of these metals. + + +Do let me know your thoughts! I would love to get another POV on this. I am growing ever bullish on this and will be looking to open a position in the coming days. + +Note - this is not financial advice. This is just procrastination to avoid revision :) +Would anyone here know whether or not citizens of Crown Dependencies qualify for ISAs or junior ISAs? + +I understand that Crown Dependencies are not part of the UK. However, citizens of Crown Dependencies hold British Passports and are British Citizens, even having never lived, worked or paid tax in the UK. + +The Crown Dependency has an independent tax and political regime. + +Would appreciate advice from anyone who is familiar with this particular technicality. + +Many thanks. +I just wanted to know what people were doing to increase their exposure to certain sectors + +Are you pursuing biotech/clean energy/technology/healthcare etc? + +If you are, then which sectors and how much exposure do you have? + +If you aren’t why not? + +I have recently seen the L&G Global Thematic fund, has anyone taken a punt on this? + +I am quite new to investing and Reddit, looking forward to your insight +Hi, I have no work atm but I managed to saved 105k which is all I have and I intend to move it out from bank account into some investments and split into: + +5k keep in Current Account for few monthly spent. + +15k for Emergency stored at NSI + +20k in T212 funds to buy stocks/etf (Hope to have this 20k all invested by the end of the year, atm I am just drip in few stocks) + +Now the rest = 65k, I am not sure what to do yet. + +I want to keep between 7/10k in cash for buy some bargain when the market drop, but I don't know where to keep it. + +Than I want to use 5k for some daytrade and options which I am practising. "Btw, which broker would you recommend for daytrade and options in UK?", the rest 50k, I want to put with some funds Bonds and Equities, but with someone that have more understand and time for managed that 50k. + +Do you think that is a good breakdown of the 105k? or would you do different? + +And what do you think about brokers that offer funds and daytrade index and options in one platform? I was looking for ii (Interactive Investor) for Funds, would you recommend that? But I don't think they do daytrade. +Idly browsing Fidelity's investment finder and decided to sort all funds by 10yr annualised rate. Thirteen of these funds have a negative 10yr annualised rate with the worst having a rate of -11.52% + +Why would anyone buy into these funds? Is there something I'm missing? +Google and Ford are forming a partnership to build self-driving cars, according to a report by Yahoo Autos, a move that pairs one of the world's top automakers with one of the pioneering companies developing robo-car technology. +The partnership is slated to be announced at the Consumer Electronics Show taking place in Las Vegas next month, according to the report, which cited multiple anonymous sources. +http://www.businessinsider.com/google-is-partnering-with-ford-to-build-self-driving-cars-2015-12 +Firstly, I’d like to thank everyone on this sub for your kind words and encouragement following my last post. Even if I didn’t reply back right away, I saw your comments and was grateful for them. + +Now onto the post. I’m new to renting. This is my first “big girl” apartment. I’m living by myself in a single occupancy apartment. My rent is going to be late. I quit my old job but they’ve decided to withhold my check till the end of the month (more like August 7th.) I started my new jobs but I won’t be getting paid till August 10th or 11th. + +I’m obviously going to let my landlord know. I just don’t know how to phrase it and I’m dreading it because everything I’ve read says I’m going to 100% without a doubt gonna get evicted. It’s only 2 weeks. It’s not like Ive consistently missed rent. This is the first time this has happened and I wasn’t planning on it. The eviction protection has ended and I’m terrified I’m gonna be put on my ass when I’ve just started building myself up. + +So, what should I say? What should I do? Any advice is appreciated. +**I was going to wait till tomorrow once I could check for more typos/flaws, but fuck.... some smart fucking Apes I was talking to mentioned Akemi being owned by Blackstone.....** + +&#x200B; + +^(Some smart Ape noticed I had a typo in the title. It should definitely say "since" not "sense".....try so fucking hard to not have a typo and there we go.... thanks u/)[**^(darkcrimsonx)**](https://www.reddit.com/user/darkcrimsonx/) + +&#x200B; + +&#x200B; + +· + +&#x200B; + +**I usually like to throw in some memes to keep shit light but I'm sorry, I wanted to share this ASAP....Also I'm keeping it fresh with in text citations. References at the bottom so yall can look shit up more easily** + +&#x200B; + +**This is what I'd written prior to realizing they owned Akime:** + +Edited to add: I've since realized that it is actually Blackrock that owns Akamai, not Blackstone. That said, the whole Akamai thing is just fuel to the fire, the post isn't about Akamai. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +# Un + +Lots of folks were mentioning how Blackstone was buying up properties like crazy. What do they also make money in? Rental Backed Securities. + +Think of it like this. + +If I straight up bought a house for cash I wouldn’t have to worry about a mortgage. This really isn’t feasible for most families and so most of us have a mortgage. Now it is getting harder and harder to buy a home because we are being outbid by companies like….Blackstone. + +Why would this be in Blackstone’s interest? + +Of course most would assume that it’s simply so that they can be a landlord, yadda yadda. + +Having large property management companies equates to ALOT of overhead. Why would a massive financier want to stick money down into lots of overhead? Well shit wouldn’t you if it would allow you to be a predominant moniker….essentially monopolize the Rental Backed Securities Market? + +&#x200B; + +# Deux + +^(fixed it for you) u/NHNE + +Citadel is clearly the largest MM within it’s scope, why wouldn’t Blackstone want to monopolize where it could? + +What get’s hairy is the role duality. + +Citadel enters role duality because it works not only as a Market Maker but also a Hedge Fund. + +Blackstone enters role duality because it CREATED Rental Backed Securities, and also has monopolized the rental world (Perry, 2013). + +They aren’t simply buying up homes, but they are going in against every day Americans and outbidding them at ranges from 20-50% over asking price. + +Interestingly the CEO, Steve Schwartzman, bragged about the massive increases in rent (Sirota and Perez, 2020). Why would they want rent prices to increase? Because they have bet on Rental Backed Securities. They own Home Partners of America and once owned Invitation Homes which has the largest amount of single family rental homes (80,000 homes across America) (Curry, 2018). + +Prior to Blackstone selling a portion of Invitation Homes, a 10k was filed wherein it was stated in their Acquisition Statement that the company has specific insights into the rental market and states that they have great visibility into the rental market (U.S. Securities and Exchange Commision, 2019). + +>“We target submarkets and neighborhoods in undersupplied high-growth markets and leverage our in-house acquisition and operations teams’ local market expertise to acquire homes in in-fill locations that we believe will experience above average rental rate growth and home price appreciation. Our in-house acquisition teams are comprised of dedicated professionals located in our markets and at our corporate headquarters who provide strategic direction and broad oversight. Our acquisition teams have significant local market experience and expertise in single-family investments and sales, which enables us to target specific submarkets, neighborhoods, individual streets, and homes that meet our selection and underwriting criteria. To date, we have underwritten more than one million individual homes which gives us a substantial proprietary database on which we can draw as we evaluate future acquisition opportunities in our markets. The number of homes underwritten represents the total number of acquisition opportunities that we have considered and of which we have conducted preliminary analysis, including acquisition opportunities that were ultimately not pursued or completed. As a result of our selective and disciplined investment approach, we have analyzed and considered a far greater number of potential acquisitions than the number of homes we have actually acquired. As a result of our large existing portfolio and volume of acquisitions to date, we believe we have a high degree of visibility into rental rates and fixed and controllable operating expenses, which allows us to more accurately underwrite expected net yields of homes prior to acquisition. We also collaborate with local market real estate brokers and others, and leverage these relationships to source off-market acquisition opportunities. Within our markets, our approach allows us to screen broadly and rapidly to identify potential acquisitions in highly targeted submarkets at the neighborhood and street levels. Our in-house team of acquisition professionals coordinates with our in-house renovation, maintenance, and property management teams to ensure that feedback from historical acquisitions is shared across functions so that our ongoing investment activities are informed by, and benefit from, insight from prior experience.” + +Insider trading is exemplified by this circumstance as Blackstone created Rental Backed Securities and then was also invested in, and grew rental corporations. While Blackstone has sold their portion of Invitation Homes, they now are the largest single-family home rental corporation owner. Recently they acquired Home Partners of America for 6 Billion Dollars. + +&#x200B; + +# Trois + +If we hone in specifically at one region, Tampa bay for example, we can see multiple times where they impacted the local economy. In 2013 Blackstone owned at least 300 residencies within Pinellas County alone (Harwell, 2013). After acquiring Home Partners of America, they gained 17,000 homes across the U.S. Just this April they purchased a 76 million dollar apartment complex in Tampa (Kritzer, 2021). While mass apartment complex are being purchased, so are residencies. Not only is BlackStone buying homes 20-50% over, but so is BlackRock. While currently they are not related, BlackRock began after Larry Fink parted ways with Blackstone in the 80s. They still do the same type of business, which is outbidding homebuyers in an effort to monopolize home rental industries while Blackstone also monopolizes Rental Backed Securities, which they created (Belvedere, 2017). The similarity in their names? Intentional per the interview with CNBC that is cited below. . + +# Tldr; Blackstone created Rental Backed Securities bonds. They now are also the largest owner of all single owned rental homes. A 10k they released specified they have specific insights into the market. They are insider trading. Blatantly. + +EDITED TO ADD PICTURES AND SAY: + +&#x200B; + +They also fucking added 100 billion dollars in AUM this past year per their earnings! + +&#x200B; + +https://preview.redd.it/97l3mez0svc71.png?width=1920&format=png&auto=webp&s=eada6b19147b88f8da3be234fb09e3b8da258aca + +&#x200B; + +References + +Belvedere, M. (2017, June 22). Blackstone or BlackRock, confused? CEOs Steve Schwarzman and Larry Fink actually did it on purpose. CNBC. [https://www.cnbc.com/2017/06/22/blackstone-or-blackrock-schwarzman-and-fink-did-it-on-purpose.html](https://www.cnbc.com/2017/06/22/blackstone-or-blackrock-schwarzman-and-fink-did-it-on-purpose.html). + +Curry, Kerry (April 2018). "Invitation to a Housing Revolution". D Magazine. + +Dezember, Ryan (January 24, 2017). "Blackstone wins Fannie's backing for rental homes". MarketWatch. Retrieved May 26, 2020. + +Harwell, Drew (June 22, 2013). "Investors still gobbling up thousands of Tampa Bay homes to rent out". Tampa Bay Times. Archived from the original on March 4, 2017. Retrieved May 28, 2020. + +Kritzer, Ashley ( April 6, 2021). Blackstone Group (BX) Stock Moves -0.29%: What You Should Know. Tampa Bay Journal. (2021, July 18). [https://www.tampabayjournal.com/2021/07/18/blackstone-group-bx-stock-moves-0-29-what-you-should-know/](https://www.tampabayjournal.com/2021/07/18/blackstone-group-bx-stock-moves-0-29-what-you-should-know/). + +Perry, B. (2013, November 4). Rental-Backed Security Bonds to be Offered by Blackstone. Stock Investor. [https://www.stockinvestor.com/10577/rental-backed-security-bonds-blackstone/](https://www.stockinvestor.com/10577/rental-backed-security-bonds-blackstone/). + +Sirota, D., \&amp; Perez, A. (2020, December 14). Blackstone CEO Celebrates "Huge Increases in Rents" as Millions Face Eviction. Jacobin. [https://www.jacobinmag.com/2020/12/blackstone-rent-stephen-schwarzman-pandemic](https://www.jacobinmag.com/2020/12/blackstone-rent-stephen-schwarzman-pandemic). + +U.S. Securities and Exchange Commision (2019, December 13). "Invitation Homes Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +**The community standards at r/options have not changed because WSB +has gone private.** + +&nbsp; +&nbsp;(Edit: For about 12 hours, from 10PM April 7 to around 9:30 am April 8 (Eastern US) WSB was made private, with hundreds of refugees posting at r/options. About 50 threads were taken down overnight, April 7 and 8, representing probably 1500 comments.) +&nbsp; + +**Pointless, information-less posts not related to genuine options strategies, analysis of an underlying, and trade positions will be removed.** +An option position is not a strategy, nor is a trade journal. + +**Image posts, link posts or meme videos will be filtered and not released.** +Save your link post effort for another subreddit. + +**Respectful on-topic discussion** + No name calling, epithets, pointless banter or homophobic, racist or misogynist commentary. + +**Readers can "report" posts and comments that violate community standards, via the "report" link, to bring them to the attention of moderators.** + +--- + + +**The basics, on talking about trades:** + +- State the strategy and why you have it, +- how and why the underlying was chosen, +- the actual positions involved (call/put, long/short, strikes, expiration, cost), +- the price of the underlying before and after the trade, +- intended thresholds to exit for a gain and maximum loss, +- and the dates and times of entry and exit. +- Without these, we cannot have a useful context for a conversation. + +--- + +[Steps toward improving r/options community experience] +(https://www.reddit.com/r/options/comments/fnck93/steps_toward_improving_roptions_community/) + +--- +Hi PF! Wondering if anyone's had encountered this situation before... + +Just got my Oregon state tax refund via direct deposit, and it's exactly 18k higher than what I calculated I would get when doing my taxes ($18,393 vs $393). I called the Oregon Dept of Revenue, and rep said it looks like someone else's payment was applied to my refund and the system had some kinda mix up. She said to just cut a check for 18k, send it back to them, and write a note explaining what happened. But she also didn't seem super confident when giving me that advice, and wasn't clear on any details. Makes me nervous. Don't wanna write a check for 18k and then have them automatically take 18k sometime in the future. + +I'm emailing them, to at least get those directions in writing, and start a paper trail. But wondering if any else has had something similar happen, and what steps you took? +Hello, I have been very stressed over the past few weeks and need help gaining an idea of how to properly live. +For a brief summary of my situation: +My father passed away earlier this year and I was fully dependent on him. I was forced to move out of the house as we were renting the place, so I had to live with my sister. +Things aren't going well over here and I have to move out soon. Recently I received 50k from life insurance and don't really know how to be 100% safe with this as my future depends on it. I had nothing before any of this, so it is all I have. I was attending college (still am) for free and am planning on staying for another 2-3 years going full-time. +This is all so I can enter my dream job in the medical field which pays extremely well. +I am about to get a job but over here $13 is minimum wage. +The average rent for a place around the state is $1550 a month, disincluding utilities, that is unless I move 4 hours away, which I'm trying not to do. Also rent is SUPER competitive. I live in one of the most competitive rent states at the moment, so don't really know where to all start. My school does not providing housing options. +Questions: +How often would you all say I should work a week? +I was thinking 30 hours is most I can do, perhaps a bit more. +I also don't really know how to apply for an apartment ASAP when I have no income history, so would like advice for first time renters with no history. +I'm not trying to waste all of this in one year, or even two years, but would like for it to help build my future so I can have a stable environment to be in. + +Edit: Thank you all for the supportive comments and the great advice! I took the recommendation to get a roommate and I think I found someone for me! I'm really excited and get to pay less than 1k a month with them (in total). I have been reaching out with them for the past day and hope for it to be a done deal soon. The person seems really nice and is about my age! +I'm so happy for this move and am extremely ready to work. I'll also heavily consider the restaurant jobs as I used to work at one and the tips do pay very well. +The day I posted this, my sister told me she was kicking me out at the end of next month, but I'll keep on my toes about it all! +Thank you all again and I'll make sure to check in with you guys later to tell you my situation! <3 +I relocated out of state and purchased a home in a HCOL area 12 months ago. Unfortunately due to personal circumstances I am now in a situation whereby I need to leave. I would like advise on what the better course of action might be from a financial perspective: + +1. sell home +2. rent home + +The housing market is super hot in my area and rents are strong. I am a first time homeowner and thus have zero experience of being a landlord. My home is in a highly desirable location and blocks from highly rated schools in a great school district. The house is new with new appliances, warranties etc. + +**Selling:** + +I'm pretty sure we can break even on the home given comparable homes sold in recent months (after taxes, closing costs etc.) My reluctance is forgoing future profit from home appreciation. (greed) + +**Renting:** + +We've already had some people offer us 6-12months cash up front to rent our home or make 24 month lease offers. That said, the ROI is super low, factoring in typical maintenance expenses: + +* annual expenses = $60,000 +* annual net cash flow = $66,000 + +My reluctance is the hassle of dealing with a rental property especially as a novice. Paying a management company will cancel any positive return...but I might be okay with that to satisfy the future appreciation or income stream. + +What other factors should I consider in making this decision? +Hi, + +I am a Data Scientist by profession and I use tools built using Artificial Intelligence methods to anticipate stock movements. Here the picks of my tools for tomorrow. These are not all penny stocks but they are all pretty cheap, hence the post here. If I receive some reception from the community, I will keep posting them. + +Bullish picks for tomorrow. + +* **$TORC** \- Biotech stock, the sector is hot right now. There is the huge gap up that needs to be filled which means less resistance in the trend up. The chart looks very similar to $INMB from last week (my tool anticipated that as well) +* $**HMHC** \- This should only be used if it breaks resistance with high volume. There is a solid resistance level right above the price. +* $**NRBO** \- Again, a biotech stock. Coming off of a support level. The tool expects this to go up with a probability of 77.9%. + +I am planning on posting these alerts on daily basis. They have been working pretty well for the last two weeks (alerted $INMB $BOXL $EQ etc). Let us see how they work this week. + +Thoughts? +Unilateral free trade seems like something that is tossed around in libertarian and some types of conservative discourse, but I haven't seen it considered much in mainstream politics in the West. Many of the mentions are in context of the fact that straight tariff barriers are relatively low in developed countries, with most barriers being so called non-tariff trade barriers such as lack of regulatory harmonization or restrictions on foreign ownership of assets. Additionally, subsidies for industries not based on say positive spill overs or some other reason might fall into this. +Are interest expenses a drag on GDP (else how do they interact)? + +Here's an simplified argument I've heard before re. the idea that "The Fed is trapped and may decide to let inflation run hot because too significant of a rate hike cycle would cause a recession": + +The US debt is some number D (you could actually see that total debt number [here](https://www.usdebtclock.org/)). If interest rates rose -- *for simplification* \-- uniformly across all debt instruments by some H pps, then the total Federal interest expense (and Consumer as well, if you want to use the "Total US Debt" number in the Debt Clock link) would have an additional E=(D\*(H/100)) interest expense to service on top of the existing amount (assuming that most of the Federal debt has a maturity of =< 1yr (which I recall is true, but can't find the info for ATM)). **This additional expense E would result in a C=(E/GDP\*100)% contraction in GDP similar (or worse) than what has been seen in past recessions**. Thus Fed and CBs may just try to inflate the problem away. + +My question is: Can someone explain to me in detail (or link to a resource that can explain this specifically) how the additional interest expense E is essentially getting taken out of GDP to make that last statement about a "contraction" (and what does this "contraction" look like mechanically / on the ground)? (Or if this argument is just totally logically flawed at some base economic level?) +(I realize the way that I phrased the question above might sound provocative, so apologies for that. I don't mean the negative connotations one might read into that.) + +I'm not an economist, but a programmer who is interested in being informed about economic policies and how they might impact the economy and stock market. If I look into mainstream news sources, it appears that there is no consensus view on almost anything in regards to economics. However, that is also true for things like climate change, evolution, etc., for which scientists themselves are in almost universal agreement about. So I'm curious whether academic economists have views that are widely shared, and whether it is feasible for someone outside the field to pick up the essentials from a book, review article, etc. I also realize that the "best" economic policy depends on what one's social/moral assumptions are, but I'm wondering if, having fixed the social/moral assumptions, that there is an economics field that I might benefit from and expand my understanding of the world. + +Additionally, are their news sources out there which are worthwhile to read, and which make their social/moral assumptions transparent? For example, I may be very interested in economic analysis from a particular news source that doesn't give a damn about wealth inequality, as long as they make that explicit and don't muddy their analysis with fake expectations that it will benefit everyone that is aimed at influencing their audience's perspective and voting patterns. I want to read about real analysis and what people *really* think, and don't want to just be digesting think-tank produced propaganda. +I have been studying economics in Uni for about 3 years now, I understand it at a level that a bachelor student should be expected to know but I have always wanted to read books written by Friedman, Hayek, Keynes, Smith etc, and I was wondering, if I wanted to read the "biggest" books regarding macroeconomics and economic theory, which ones should i read? + +At the moment I'm thinking of: + +Capitalism and Freedom by Friedman + +The General Theory of Employment Interest and Money by Keynes + +The Wealth of Nations by Smith + +The Affluent Society by Galbraith + +Are there any more books I should read that you think is essential that is from the view point of economists (and not purely educational books from school) +My boomer parents say that in the 80s the 70s that health insurance was more accessible and more affordable for even someone who was a busboy or very low wage worker. I'm curious to know what caused the skyrocketing prices of insurance and I guess the cost of the products themselves in the healthcare industry. If there's a book or an article you can recommend please share. I've been told that the price is really started rising in the late 80s in early to mid 90s. +2. Aruba can produce 20 units of beef or 20 units of sugar. Cuba (a much larger island) can produce 50 units of beef or 25 units of sugar. + +Which country has the comparative advantage in producing sugar? + + +A. Neither country + +B. Cuba + +**C. Aruba** + +D. Both countries + +**My Question:** + +Why is Cuba not the correct answer here? It clearly looks like they can make more beef or sugar if they just specialize in one or the other. Aruba is lower in both categories as well. + + + + + +I'm a junior undergrad at that point in my education where I can now sort of read full blown econ research papers and take away most of what the author is trying to convey with their research. However, reading these dense papers is an extremely slow and exhausting process where I have to take notes on variables and formulas and circle back constantly to try to understand what the author is trying to do in their models, theories, etc. I've asked my profs about how to "get better" at reading and understanding and they have basically just said "it comes with time and experience." I understand this and it has gotten easier with learning the vocab and tools that economists use but it's still a slow process and I'm a fairly impatient person. + +I'm wondering what are your techniques that could help speed up or enhance the process of reading academic literature? -Thanks +I think economists have a better track record on these questions than, say, the Paul Erlich types. Physical scientists commonly believe total societal collapse is incoming, and give figures like the above title as to when it will happen. I actually find it suspicious that there is not much controversy about this and societal collapse is basically taken for granted by most people who talk about it. + +I would like to find out what economists say about this. I know Erlich had a disagreement about the impending doom facing civilization with an economist who turned out to be right, but I don't know if that makes Ehrlich with his persistence on the matter a Harold Camping type with a Ph D or someone who just had the date wrong. Plausibly, whatever economists could say opposed to Ehrlich's current opinion could just be dogma that happened to be right that one time, but I'm still impressed by economists' incisive perspective and its ability to correct the grandiose claims of other disciplines where it concerns our bottom line. + +So is there any disagreement between economists and doomsaying scientists who have decided we will die promptly very soon? +I have an idea... + +If we all had a "quasi-IRA" that acted as a savings account for each employed citizen, would economic turmoil be easier to stabilize? We have certain taxes and deductions out of our paychecks that go to our local/national government. Why can't we have a forced Savings Account that allocates a certain percentage of paychecks into an Emergency Health/Rent/Credit-Harming Delinquent Bill Payment Fund? People would be upset about a certain percentage being taken out of their check, but it would create an Emergency Fund for people who are otherwise too irresponsible to do so. + +• Tax - Free after a certain period of time (encourages it to be spent due to sense of Unaccounted-For Cash // People are Impulsive when they find extra money) + +• Can only be used in case of an account hitting 0 balance / if cashed out early, it is only provided as a Rent/Food/Utility Credit (w/ some limitations that are shared with EBT - to prevent vices being bought and diminishing the savings) + +• If saved for at least 1 year, it can be withdrawn in one lump sum or paid on top of each of the next year's paychecks received (while saving the same increments off each paycheck as well for that year) + +&#x200B; + +I'm no economist, but if people were forced to make a "Rainy Day Fund", we would all at least have some savings to survive off of until another job is available. It sounds almost Socialist but let's be real, people are god-awful at saving & the people who saved money up, are the ones who will survive these Economic hardships. +Is it literally just by changing the yield on government bonds and also by changing the interest rate that banks charge each other for short term loans? And then the change of these interest rates indirectly affect the interest rates of all loans and bonds? +Not sure how many here would be interested in this, but I wanted a libertarian or at least an educated perspective, so here goes... + +Japan has recently been strengthening copyright laws and cracking down on illegal anime streaming sites. The reason why majority of western anime fans use such pirated sites rather than legal channels like Netflix is because of the huge pay walls and lack of variety of the supply of shows due to licensing issues. + +Much like how excessive legal control and market regulation lead to shortages and black markets, so too have copyright laws on anime led to the proliferation of these illegal streaming sites in order to answer the demands of seeking fans. + +Copyright laws are essentially market regulations. Wouldn't abolishing them result in anime becoming more readily available in the market, reducing if not eliminating paywalls, and thus decreasing the need for said illegal sites? If the issue is the need to support the original content creators and thus not disincentivize their production of content, wouldn't payment of royalties and proper acknowledgement suffice? From an economic perspective, would the net results be more beneficial or harmful to society as a whole? What difficulties would be involved in abolishing said laws? +Hello everyone + +So a while ago in South Africa the topic of an IMF bailout became headline news and has now fizzled out a bit but is still in back of everyones mind. + +What I would like to know is what actually happens if a country needs/requests an IMF bailout. + +Does the IMF give said country a lump sum to sort out their failing economic sectors? Do they give money but in turn take control of certain sectors or oversea the decision the government make? + +What is everyone thoughts? + +Thanks :) +How should I think of money to help me understand. Jobs are being lost because less money is being spent and fewer taxes paid. Is there an area of the economy seeing huge influxes of cash or is money like a vapour that condenses during ‘good times’ but evaporates during ‘bad’? +VICE just released a 90 minute documentary on the crisis called [Panic: The Untold Story of the 2008 Financial Crisis](https://www.youtube.com/watch?v=wyz79sd_SDA&t=1713s) which seems to present the argument from the members of Bush administration that the bailout was necessary to prevent a complete meltdown despite companies taking advantage of it such as paying bonuses to their employees during the crisis. How accurate is this view, or rather where does the general consensus of the academia lie in terms of the necessity of TARP? +First post here. I’m currently in college doing a BBA with a focus in Econ and Marketing. In one of my classes we are focusing on studying the very successful co-operatives in the Basque region of Spain. Only one startup has failed since the 1950’s in the Basque region whereas 80% of startups fail after two years in the US. Why is the US so opposed to this kind of corporate structure? I get there is a major cultural difference between the countries but it seems quality of life is much better for everyone within the organization when everyone is directly concerned with the success of the company. +There are some taxes which seem explicitly designed so that people making less money pay a larger share of their income toward the tax (e.g. the taxable income cap on Social Security in the US). Why is this done? +i wached crash course economics and want to learn more but all the books i found are to advanced or have too much old english so, i am asking here for sources for a beginner to learn economics +I really can't understand this. This is supposed to be basic Economics but still. How is it possible that output increases in greater proportion to increase in input in initial stages of production but lesser proportion at later stage. But how is that possible? + +Let's say I can make 20 items a day. If the company hires another guy with similar capability, shouldn't the company be producing a total of 40 items? How can it be more than that? And at later stages, how can it be lesser? Why would hiring more workers give lesser returns? +My boomer parents say that in the 80s the 70s that health insurance was more accessible and more affordable for even someone who was a busboy or very low wage worker. I'm curious to know what caused the skyrocketing prices of insurance and I guess the cost of the products themselves in the healthcare industry. If there's a book or an article you can recommend please share. I've been told that the price is really started rising in the late 80s in early to mid 90s. +Once in a while there's a news article about a ninety-something year old finally earning a bachelors degree. Some people attend college seemingly just for the social aspect or to meet their life partner (also sometimes referred to as an MRS degree), and then end up not working or working a job that doesn't require that education. These probably are a small minority of students, but I'd imagine that they are a small part of a big problem. The way I see it, these people are increasing the demand for college education and causing tuition prices to rise which in turn can lead to higher student debt. This also makes college entrance more competitive for those who actually want to work in their field, sometimes enticing them to go to less prestigious schools. Are these students bad for the economy? Is this a type of market inefficiency? +I am trying to become a more informed citizen. This Laffer curve comes up in political discussions a lot. When I try to research it I can't find anything that checks the theory against real world data. Maybe you can help me out? + +Is their empirical evidence that there is a "curved" relationship with tax revenue and tax level? Is their empirical evidence for self-financing tax cuts? +I’ve been trying to do some research on this topic but can’t find any good information on it. Is it just in the name or is there more to it? (Ex: Policy, Economic beliefs, e.t.c) +I'm a sophomore in college who is getting B's in my econ classes (85 is the average). I study.....not as hard as I would like, but that's due to a 4 hour commute and family issues. I really love econ and just realized you need a 3.7+ to get into a good grad school. How much will my chances been stymied by my low grades? + +Brutal opinion is welcomed! +Have been investing in speculative / small cap / meme coins the past 2 months. So I'm not super experienced but have some thoughts / lessons I'm trying to apply based on experience to date. To date I've been in on HOGE and BOG early, along with a few where I aped in and only made a modest profit (Safemoon, Safestar), a few that I lost a bit on given when I entered / existed (Public Mint, Fractal), a few that are ongoing where I'm slightly up but staking / farming for the long-term (Mercurity and Friction Finance / TAO), and a number of other random ones which are mostly around my initial position. HOGE has been by far my best set of trades. Got rugged on BOBO, lost a bit on TOTORO and a few other new deflationary / Hoge look-alikes (with different memes / marketing) before pulling out. + +A few perhaps obvious lessons: + +**— If you're hearing about it on here or 4chan/biz and it's already gone up a lot, it's not necessarily a bad investment, but just know that there are now a lot of people who have made a lot and may sell at the first sign that the upward trend is reversing.** This feels particularly true of meme coins / quick pumps (like many of the Safe coins). Go on telegram and feel out the community. Even for meme coins there is a definite feel of a pump-and-dump vs a dedicated community like Hoge or POODL. In any case, personally my strategy now is to invest before a big upswing (or after the initial dump / increase after Uniswap / PancakeSwap listing) – I'll lose on more coins than if I aped into popular coins (since many of those I buy into will never catch on), but it seems more possible that I could hit an early stage HOGE opportunity again where I have a 100x+ opportunity. + +Edit - addition to this: **What this means is that the big wins are when you have some idea / get a little lucky with an insight which is not about price, since if you're aping in when a coin is mooning, you may make decent returns but you won't be one of the earliest people making insane returns.** For me the successful insights were of the flavor "Doge was a super successful meme and people like dog memes, so Hoge seems like it has potential. Also the deflationary / redistribution seems like it could catch on, and the community is great" (This insight was possible to have before the price had increased at all really). Or for Bog "People seem weirdly into this meme on 4chan and I really believe that people will really like limit orders, also the dev seems legit and transparent on telegram / discord". I've also had insights which were wrong for a bunch of coins, e.g., for Totoro "People are obsessed with My Neighbor Totoro and will invest in it because they love the movie / meme". **Basically I think the best returns will come when you feel like you have an insight about the meme / use case / community that is separate from the price action. If you're aping in just because a coin is mooning without some orthogonal reason, be careful.** + +— **Look into liquidity pooling / yield farming.** For HOGE, one way I hedged against the coin not mooning was liquidity pooling in Uniswap. I would have actually made more had I not done this but I still think it was a reasonable decision, since I earned daily 2+% returns from Uniswap fees for 2 weeks. Keeping part of my stack in HOGE and part in the liquidity pool meant I was fine with it mooning (I'd lose a lot to impermanence loss but I own the coin separate so it balances out) but also fine with a lot of volatility. With Mercurity (MEE), I'm heavily weighted toward liquidity pooling, which is earning MEE at a very high rate (with vesting / other caveats) at the moment. Basically I think it's worth looking at pooling / staking if you're really making a bet – I suspect with a number of coins that attract relatively new crypto investors, there may people who overlook these opportunities. If a coin has a quick pump-and-dump feel or you know it will be highly volatile in a short timespan, it may be best to avoid pooling or at least wait to get into it. + +— **Keep a stack of BNB / ETH and try not to spend all of it, or if you do quickly re-up if you can.** If you have limited capital, be careful in this space. I spend so much time / money trying to get money quickly from fiat to BNB / ETH to trade on PancakeSwap / Uniswap. The lowest fee manner to get BNB / ETH also take several days to move your money, even by wire. One way to get money quickly as someone in the US is using CashApp to buy BTC and then transferring that to Safepal's Binance exchange (or Binance.US / other exchange) to trade. Crypto.com also let me use debit card for purchase I could withdraw instantly but fees were relatively high. + +— **Be careful about swing trading.** I've swung-trade modest amounts of HOGE and POODL a few times successfully and one time unsuccessfully on each. I think swing trading is best if you'd be happy keeping your initial position. e.g., if you're selling in the hopes of buying back lower, do a trade where you're happy selling / taking some profits even if you don't get the opportunity to buy back in lower. + +— **The culture of hodling / not selling makes some sense since a lot of gains are made by folks who weather ups and downs. At the same, don't forget why you are doing this.** If you're like me and you find it interesting / fun and like the communities, but ultimately you want to make US dollars (or at least ETH or BNB), then it's not a bad thing to sell when you're up. **Consider selling part of your stack when it feels like it's a peak and keeping a moonbag.** +Age 24, 60k deposit living at home 34k salary. Looking for 1 bed flat to buy in London. Max budget is 240k. I’ve looked at so many flats and the ones that I can afford are 20-30 year old council flats which have been run down with mould everywhere. I’m starting to think that I’ll never be able to afford in London as a single buyer unless I save up a massive deposit £100k+. Is this normal or am I exaggerating? New builds are off the table too as the cheapest new build 1 bed I found that is actually available was 300k+. Any advice? I work in central London but I am willing to travel 45mins to work + +Anyone else here not have a specific FIRE date/ or NW target before retiring? + +For me, if I have $3million, and I was offered a job of $450,000 per year, I would definitely take that job. However, if I am still working at my pitiful $60K a year job, I would probably retire. + + +In the coming months and years, we all expect that Bitcoin will grow a great deal in value. One of the things that I think is standing it the way of its success is something that is only talked about rarely; how ridiculously awkward it is to describe the price of a relatively inexpensive item (say $10) in terms of a decimal in Bitcoin + +At current prices that $10 would be 0.00117647 BTC. Even worse that *looking* at that number is trying to verbalize it. Once Bitcoin hit $100, I think that the convention was ill-suited for everyday transactions due to it being the very definition of cumbersome to describe a price in BTC. + +For years I've argued that if we could just move the decimal to the right 8 decimal places, we could permanently do away with the confusion of 'Milibits" and leading zeros altogether. I'm not even going to get into the other HUGE issue of people's reluctance to invest thousands of dollars in something only to have shavings of that something rather than (at least) a unit of that thing. + +At this time Bitcoin needs an overhaul. This is what I propose: + +The decimal moves 8 places to the right, right now. That's it. The end. Now, look how nice and easy it is to work with pure Satoshi; + +When buying something *very* inexpensive such as a $1 candybar, you would describe the item for sale in Kilo-Satoshi (thousands of Satoshi), or 'kiloSat', or 'kSat', or possibly even 'kS'. + +So instead of listing a $1 candy bar as 0.00012000 BTC... which is unreadable and unsayable. You would instead list the item as... ready for this? "12 kS" (Twelve kilo-Sat when spoken out loud). "Yeah, the grocery store has a sale on candy bars. Three for 30 kS". + +The system I propose works equally well for very expensive items: + +At the current Bitcoin price, a brand-new, top of the line Mac-Book Pro ($2399.00) would be listed under this new convention as: 28,000 kS. A 2018 Honda Accord ($23,570)? Easy... that's 277,000,000 kS, or when spoken: "Two-Hundred and Seventy-Seven Million Kilo-Sat". Or if you prefer: 2.8 BTC. + +Another reason this naming convention is valuable, is because relative value is introduced as well. + +And should the bitcoin price rise, rise, and rise... then we will one day drop down to individual units of Satoshi in order to buy things like candy bars. Then it might be 3 candy bars for 50 Sat. + +Now, I understand that this is *never* going to happen to the software itself. This proposal is for the wallets of tomorrow to include this convention as a way of simplifying and making more accessible and attractive the use of this thing we all love. + +I welcome feedback. +There's minor construction being done at my building so employees are currently working remotely. This has been the case for the last week or so now and I'm realizing how much I miss the social aspect of work. I'm also somewhat bored with my idle time at home, although I'd have the same amount of idle time in the office - the main difference is that it would probably be filled up with small talk. + +I'm realizing I wouldn't enjoy this as my default state during RE. I've taken vacation before where I just stay at home and bum around, but this feels different. The odd part is that I never thought of myself as someone that craves social interaction. In fact sometimes I wish people would just leave me the hell alone at work. + +This was a good mini experiment that changed my perspective. Anybody have similar experiences that changed your mind about something FIRE related? +I don't regret telling them, they're very supportive and I enjoying sharing things about my life with them. But they said it was impossible - and probably think I'm a bit crazy. + +I want to send them something short and sweet that introduces them to FI and explains why retiring at age 45 is actually very achievable (if you're committed and start early). + +Thanks! + +PS - my parents are the only people I'm planning to share my FIRE plans with. + +Update: I'm not going to follow up with anything, unless they ask. If they do, I'm just going to talk about my own numbers/experiences. Thanks for all the great advice. +I see most of the posts of people declaring they have fat fired being they either had an exit or they are a FAANG engineer whose stock has popped over the last 5-10 years. + +Personally I have gotten to 1M NW at 35 mainly by savings and some real estate appreciation but unless I move into some type of start up where i gain equity and it pops (i know low probability) that my path to FatFire would more likely happen via investing and compounding on savings. + +I was hoping to see how many have FatFired this route and what some of the lessons were along the way with that path. +hey guys, could anyone point me to some useful reading materials, or share their own insights, on helping to decide whether to get the required private health insurance cover or just go through the public system for one's first baby? + +i've seen this discussed here before, and a lot of people seem to advocate for the public system, particularly in Victoria. i'm somewhat adverse to paying significant premiums and further out-of-pocket costs, just to get continuity of doctor and perhaps a longer guaranteed hospital room, when everything else is pretty similar (or perhaps it might not be, i'm pretty ignorant on the subject) + +thanks in advance for any advice or direction + +EDIT: wow, 160 comments and counting, and on a weekend, thanks for the input! + Hi, + +I'm working remotely for a tech international company (Ireland based). I'm under a contract with the company, so not self-employed, but the company don't care where I am based in Europe. + +For the last 4 years, I'm based in Spain due to a relationship with a Spanish partner, but recently the relationship ended. + +My Salary is quite high by European standards - 150K EUR a year, and I pay quite high tax in Spain (deducted automatically from my Salary), around 60K EUR tax a year, + +**I thought that potentially I can move to another European country to lower the tax obligations, and from my new home, I can travel to different countries, etc.** + +Few things to note: + +\- I don't have an EU passport, I have only a Spanish resident (due to my relationship), so I can only go to places that give digital nomad visas or allow non-EU-passport holders to stay there. + +\- Going outside the EU will be complex, because my company do have an entity in Europe, and if I'll move to another country, not in EUR, they will probably start re-negotiate the contract. +Hi all + +I am about to invest in **Lyxor Nasdaq-100 UCITS ETF - Acc (**LU1829221024**)** with Degiro and reading the ETF KIID. + +I see that this is a Synthetic with Unfunded swap ETF. + +Is this dangerous for long-term investors? +hi everyone and thanks in advance :) + +my background: + +* i am 22yo and from austria and i recently started working my first job as a software engineer. +* as of now i live at home and already established an emergency fund. +* now i am left with 10k euros in my bank account and 1.5k euros a month free for investing. + +i already did a bit of research on investing and created a bit of an investment strategy that i would really appreciate some feedback on: + +* investing time 20+ years +* broker: flatex, because of taxes +* investing in etfs: 100% **Xtrackers MSCI AC World Index UCITS ETF 1C** \- **IE00BGHQ0G80** shifting more into liquid investments after 10 years +* investing 1.5k euros monthly + +one thing that i am not so sure about is 100% in world index, i have regularly seen portfolios with an 89/11 split using emerging markets etfs. in which case would this be an option instead of the 100% into world etf? + +thanks again :) +Hello, + +M28 from southern Europe working in Germany since 6 months ago (probation period already done) for a major electricity generation company in the country and worldwide (renewables). + +I net around 3.3k monthly (same as my F28 gf, working in the same industry and company). + +We just moved together to pay 1.6k monthly for an apartment + water + electricity costs (no gas for heating). Let’s say it is approx. 900 euros/each monthly. + +We are considering leasing an EV to commute to the office (30km between cities). The cost of the lease + insurances is 150 euros/month/each, which is pretty similar to what it would cost to have a monthly train ticket between both cities (excluding any further German government aid like the 9 euro/ticket). We have an option to charge the car for free at the office. + +After all our expenses, holiday budget, etc, including the car, we are able to invest around 1k each (in my case, VWCE). + +I am not super smart in terms of economy and recessions. Do you identify any red flag on my approach that you would think deserved attention in this (possibly) upcoming recession? +Should I chill with the investments and accumulate cash? No-go the car? Is my industry giving me more job security than others? + +Thanks for you feedback :) +Looking to start being smarter with my investments and finally buy in to stock (and perhaps crypto). And after tons of reading, now comes the indecisiveness! + +I'm a Brit, living in Austria, with an Austrian bank account and I know we are limited here by the platforms we can use - as far as I understand, Robinhood isn't available? + +I'm looking to invest a relatively small amount to start and build from there, for long-term investments. + +I know there are a lot of personal opinions on here, so I'm keen to get some ideas of preferences - I'd like a good desktop/app interface and narrowed it down to the following: + +* **eToro** (for the socialtrading feature, but heard it's not the most stable?) +* **Trading212** (they invest heavily on social ads, is it money well spent?) +* **degiro** +* **Capital.com** + +I've also seen Saxo Bank mentioned quite a few times, but I know it has rather high costs and a high minimum investment too (is this still the case?) + +Would love to get some thoughts/opinions from anyone with. experience of the above. + +Thanks +I sold some real estate and want to invest the money (a little over 100k EUR) I got from it as well as regular contributions. + +I'm 27 software consultant and a tax resident in Bulgaria and have 0 debt. I have an account in Degiro which I plan to invest through. + +I have an emergency fund and no investments/assets. + +I plan to start investing what's leftover from the income of my business regularly. Most of my income, however, is in the form of dividends and I'm not sure if it'll be convenient to issue dividends/invest every month. Might have to do it on a quarterly basis. What are the pros and cons of the two investment periods? + +I've picked commission-free ETFs in Degiro. This is how I plan to invest both the income from the property sale (which is in **EUR**) and my future regular contributions (which will be about **1000 USD/month**). + +I won't need access to these funds any time soon and would prefer accumulating funds. I plan to buy and hold for 10+ years + +70% iShares Core MSCI World UCITS ETF USD (Acc) [https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=World&from=search&isin=IE00B4L5Y983](https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=World&from=search&isin=IE00B4L5Y983) + +30% iShares MSCI Emerging Markets UCITS ETF (Acc) [https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=Emerging%2BMarkets&from=search&isin=IE00B4L5YC18](https://www.justetf.com/uk/etf-profile.html?groupField=none&sortOrder=asc&sortField=ter&distributionPolicy=distributionPolicy-accumulating&assetClass=class-equity&region=Emerging%2BMarkets&from=search&isin=IE00B4L5YC18) + +What would you do if you were in my situation? + +FYI Degiro's list of free ETFs - [https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf](https://www.degiro.ie/data/pdf/ie/commission-free-etfs-list.pdf) +Just wanted to ask you guys what's the alternative to robin hood app but for eu market. + +Wanted to buy game stop stock but I can't go through my bank since they don't offer us stocks. + +Thanks in advance +I'm sorry to ask this here, but I was "welcomed" with non-sense hostility in the austrian subs and "finanz" groups because my german is not good enough to ask this question and discuss the details in the language... + +So I would like to get some advices or insights about investing in Austria. Which broker or platform would you recommend and what are those catches in laws which one should know before start investing here? + +I did my research about taxes and laws, but I always feel I'm missing something and honestly, I couldn't find a single english speaking accountant in the Linz area... + +I found FlatexAT so far, but they don't seem right to me, besides the horrible UI it looks like they don't offer stock options from U.S. exchanges? + +BitPanda was the other one where I could invest into anything basically, but they are only Austria based and founded, not really tied to the country in terms of assets. + +My bank, Sparkasse Österreich also offer some investment plans, but it's really expensive and one can't start it with small capital (<5000$). + +Thank you in advance! +I recently created an account on IB, because I got tired of paying high commisions by investing via my bank. +So if I invest in S&P500 via my bank they charge about 10 eur each time and I do it about once every couple of months. +I created an IB account and tried to invest in VOO, but I can't since I'm a 'retail' client. Googled it a bit and I guess it's because of some EU law that they don't want me to invest in US. So is it true that my only option is to switch to a 'professional' account and pay higher fees? +I am currently investing mainly in VWCE as a long term investment for my retirement. I also buy shares of VUAA from time to time (like every 3 months). + +I am considering adding IUSN (almost all world small caps) to potentially capture increased premium. + +What people think? Is IUSN a good long term investment ? Or should I stick with VWCE? +Looking to start being smarter with my investments and finally buy in to stock (and perhaps crypto). And after tons of reading, now comes the indecisiveness! + +I'm a Brit, living in Austria, with an Austrian bank account and I know we are limited here by the platforms we can use - as far as I understand, Robinhood isn't available? + +I'm looking to invest a relatively small amount to start and build from there, for long-term investments. + +I know there are a lot of personal opinions on here, so I'm keen to get some ideas of preferences - I'd like a good desktop/app interface and narrowed it down to the following: + +* **eToro** (for the socialtrading feature, but heard it's not the most stable?) +* **Trading212** (they invest heavily on social ads, is it money well spent?) +* **degiro** +* **Capital.com** + +I've also seen Saxo Bank mentioned quite a few times, but I know it has rather high costs and a high minimum investment too (is this still the case?) + +Would love to get some thoughts/opinions from anyone with. experience of the above. + +Thanks +Hi. I live in a European country as an EU citizen, but I am interested in working remotely with a company what is located in a different EU country. + +Can I work remotely (while living in another country) and **be a regular employee** of the company or do I have to register as self employed in the country where I live? + +&#x200B; + +Also, if I work as self employed, will have to charge the company VAT (which I then have to pay at the country where I live)? + +\---- + +Basically I am already discussing with a company to work remotely and they told me that I have to register as self employed. I am wondering if it's only that company that requires this or if all companies require it. +I have this money saved for a trip that will happen in 1 year, but I dont want to have it just sitting in my account until then. + +I was wondering if there is a safer way (and less profitable I guess) than ETFs to put this money at work without risk of losing much. I understand that market might go down during such a short period, specially considering how well its been going recently. + +Thanks. +TLDR; 17 y/o, never had money before. I now have 16K euro in savings. Will move out at 19. What is the best way to save the money, and maybe even increase the amount? Shares, and if so, how? How should I spend my money once I live on my own? + + + +I am a 17 year old from Sweden (turn 18 in January next year) and I will be living at home until I am 19 and then I have to move out in order to go to a good university far from home. + +My family has never had a lot of money, as my mom has singlehandedly taken care of 4 children and working half time, we have mostly lived off of the government which provides just enough to live. + +1,5 years ago I started working weekends in customer service for a very generous company, and I have a really good pay for a teenager (15 euro/hour on normal days, double on weekends). I have also received 15K euro as compensation from a court case, minus the cost of purchasing a holiday for my mother (since she could never afford it herself) as well as helping my dad’s side of the family out a bit (all my own choices, nobody asked me to), + +I have now a total of 16K euro saved up. 10.8K are in funds/shares which the bank handles, and hopefully will grow over time. The remaining 5.2K is in a saving account with no interest. I also try to save at least 50% of my pay check each month. It which varies, but the full pay checks have recently been around 560 euro after taxes. + +What should I focus on spending the money on once I have to live on my own? Education is free in Sweden, and I can probably afford rent + food with my salary and funding from the Government without using my savings. Also, is there any better way for me to increase my savings for the future? I have been looking into shares but I have no idea how anything works, and I could have never even dreamed about having this much money before. Any advice is appreciated. +In case anyone has lived in two or all of the countries (recently), how big a difference did you notice in governance / administration, such as when filing taxes, dealing with social security contributions, etc.? Which country was best and which was worst? + +We're currently stretched across a couple or countries and it's a headache to manage multiple tax returns etc. + + If relevant, income is from: + +- online retail trade in goods, currently as sole proprietor, but would prefer to shift to an LLC-equivalent +- freelance consulting +- stocks +- crypto +My friend recently went on a first date with an aussie guy, he says hes currently $75,000 in debt as his ex partner (de facto) went to the bank alone and took out a 150,000 dollar loan without him knowing and it was apparently a joint defacto loan. Is it even possible for 1 partner of a relationship to take out a loan in their significant others name without their consent? Would a bank even allow this? I found the story very sus and wanted to do some digging. This supposedly happened in australia. + +Any info appreciated, TIA + +EDIT: I agree, it is a weird thing to bring up on date #1 but i guess they were talking about past dating experiences and it came up, definitely a red flag and Ive passed all of your comments on to my friend! + +EDIT 2: update! They ended up only going on a few more dates and then decided they werent interested in pursuing so nothing more happened - nothing to worry about i guess! + + +[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!* +My [42] husband and I [42] are both doing well - we live below our means, have no mortgage on our primary home and have an income property that is cash flow positive, although it does still have a mortgage. + +In theory, we could be in our way to FIRE. + +But one of the things I’m hoping for is to end up quite rich, so that we can help set up our children (and maybe even grandchildren) for an easier life. Nothing insane, but I’d love if we could leave an inheritance in the couple of million dollar range total. + +Do you think that’s a crazy reason not to FIRE? +does this mean we really do have 516k accounts - no, not necessarily. all i am trying to say is that its less likely in my personal opinion that we only have 56k accounts - mod11 may be used for a checksum but not necessarily to dismiss 90% of accounts. + +ape historian here. + +intro - this isn't financial advice and i am pretty smooth. but this isn't my first time analyzing webpage performance so i would say i have half a wrinkle to pitch in here. + +&#x200B; + +The thesis of this post comes from a reply to a comment around maximum drs numbers: + +i am sharing here to raise awareness of that post (and a couple of others) and to foster a friendly discussion. + +TLDR:I am unsure if we can use mod11 numbers to say that we have 56k total cs accounts (which may or may not hold 100% of gme, of course other cs accounts hold non gme stock as well). + +relevant posts: + +[https://www.reddit.com/r/Superstonk/comments/q4rzoq/data\_analytics\_from\_2000\_computershare\_screenshots/](https://www.reddit.com/r/Superstonk/comments/q4rzoq/data_analytics_from_2000_computershare_screenshots/) and + +[https://www.reddit.com/r/Superstonk/comments/pzxyf8/the\_share\_locker\_is\_at\_least\_half\_full/](https://www.reddit.com/r/Superstonk/comments/pzxyf8/the_share_locker_is_at_least_half_full/) + +by [/u/jonpro03](https://www.reddit.com/u/jonpro03/) + +[https://www.reddit.com/r/Superstonk/comments/pyzppj/cs\_moassameter\_new\_high\_score\_winner\_383k\_930/](https://www.reddit.com/r/Superstonk/comments/pyzppj/cs_moassameter_new_high_score_winner_383k_930/) + +[https://www.reddit.com/r/Superstonk/comments/q3pdfq/computershare\_new\_high\_score\_winner\_1007/](https://www.reddit.com/r/Superstonk/comments/q3pdfq/computershare_new_high_score_winner_1007/) + +by /u/stopfucking with me. + +# + +# Intro: site visits + +assuming mod11 is true, we should have 56k accounts in total. all these cs accounts would hold both gme and non gme stock. lets look at computershare site visits: [**https://www.similarweb.com/website/computershare.com/#overview**](https://www.similarweb.com/website/computershare.com/#overview) + +&#x200B; + +&#x200B; + +[similar web shows 4.6 million visits in September and what looks like. note these numbers are estimates and not actual for the site - which is common with similarweb.](https://preview.redd.it/ijkqf1z2jks71.png?width=1378&format=png&auto=webp&s=a5328b9c8b57ad3bc5acd67a8842f2556768c8f7) + +&#x200B; + +Another site visit comparator: [https://sitechecker.pro/app/main/traffic-checker-land?pageUrl=Computershare.com](https://sitechecker.pro/app/main/traffic-checker-land?pageUrl=Computershare.com) + +lets look at September numbers: + +&#x200B; + +[a definitey uptick in viists - looks like 32&#37; increase from last month - this is for september. ](https://preview.redd.it/aubq0374oks71.png?width=1100&format=png&auto=webp&s=3ac75c2c561f0ab0d6bea25486fe3f7e2b55a8d6) + +last month was august and 3.5M visits. september is 4.6M. so 1.1 million new visits. + +# 1.1 million extra visits in september to computershare - is this all gme - of course not. is some of it gme - hell yeah - read further down. + +[+45&#37; traffic in usa alone.](https://preview.redd.it/l8q5rfxynks71.png?width=1105&format=png&auto=webp&s=b25ff31e6bc69b6f72635ad0e0ea2252cd02c73c) + +&#x200B; + +[shows a steady number of visits with a starting increase around september time...](https://preview.redd.it/swvaqypakks71.png?width=1643&format=png&auto=webp&s=e68ad76f5be8db0edc5f838b9cc8518f453b6472) + +potential evidence that at least a small percentage of those are DEFINITELY apes: + +&#x200B; + +[top organic keywords - COMPUSHARE. now who is going to even google that? thats right.](https://preview.redd.it/eh0ubnxhkks71.png?width=619&format=png&auto=webp&s=b313f547bd445e6bcc2abcfa48dc6a018528422f) + +paid keywords that cs targets: + +&#x200B; + +[again COMPUSHARE- i dont think this is a coincidence.](https://preview.redd.it/wqim7fsmkks71.png?width=629&format=png&auto=webp&s=3bd263848b6ff4e2a7f0631fa21ed870bfb4b590) + +social metrics seem to suggest that social traffic is PREDOMINANTLY reddit and youtube driven. + +&#x200B; + +[social breakdown.](https://preview.redd.it/j14uznltkks71.png?width=1283&format=png&auto=webp&s=73344577f7b802421c4316b149f0e9e716857d6f) + +# POint 2: give a share order numbers. + +it might also be interesting to you- my giveashare order number for example is 6 digits and starts with 14x,xxx- implying that there were 140k+ orders before me, if the order numbers are sequential , which they may well be as they sometimes are. This implies that at least 140k computershare accounts existed before end of September . now as /u/phazei pointed out giveashare could have easily started at a non zero number to make their order numbers look better - so should we ask who has the highest giveashare order number as well? i have 14x,xxx. this would imply that if it did start at zero, we have 140k computershare accounts created from that alone. + +now that i think about it its less likely as it would imply almost a third of all accounts have gone through giveashare. + +which if we look at giveashare metrics... + +[https://www.alexa.com/siteinfo/giveashare.com](https://www.alexa.com/siteinfo/giveashare.com) + +&#x200B; + +[VERY GOOD improvements for 3 months worth of traffic. definitely affected by something...](https://preview.redd.it/vpt0epkxlks71.png?width=668&format=png&auto=webp&s=4f299a5e227a01da41bec31ea11754aaa1b2aff6) + +&#x200B; + +[look at the popular articles page - oh hii GME! to be honest this isnt conclusive but just shows that there has been engagemnt of the GME page on giveashare which we already know.](https://preview.redd.it/2mew8wx2mks71.png?width=563&format=png&auto=webp&s=ddc085b5439cb31ba4f7f8a0df9e17fe8db87859) + +# unfortunately there are no visitor numberes to giveashare so i cant esimate how many apes actually went to the site. + +any giveashare people? whats the first 2 digits of your order number. FIRST 2 DIGITS ONLY - do not share anymore, as a full account number+ your last name can be used to find out where your order was sent. + +# POINT 3 - transfer calls per day: + +some posts: + +[https://www.reddit.com/r/Superstonk/comments/pundau/some\_numbers\_from\_a\_fidelity\_rep/](https://www.reddit.com/r/Superstonk/comments/pundau/some_numbers_from_a_fidelity_rep/) + +this gives an average of 75k calls per day from fidelity. i remember another estimated 3000 calls per day - i cant find it - can someone comment it. + +I will use the 3k calls per day estimate. + +assuming 3k calls per day, that's 15k new accounts per week or 60k per month. if mod11 is correct and there are only 60k accounts, it doesn't add up - the numbers simply don't add up. + +# Some other estimates: + +if there were only 56k accounts in total then it would be a little tricky to take into account all other non gme accounts. + +as /u/machiningeveryday pointed out here: [https://www.reddit.com/r/Superstonk/comments/q50ad2/comment/hg2qspa/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q50ad2/comment/hg2qspa/?utm_source=share&utm_medium=web2x&context=3) + +computershare is a massive entity and has many other stocks / employer plans to take care of as well. + +if we only had 56k accounts then each account holder would have to visit the site 70 times a month to make up that traffic. or vast majority of visitors don't have an account at all - which is unlikely as the whole point of the site is to buy stock / check balance - which needs account number. + +&#x200B; + +Tldr- looking at website data it strongly suggests we have way more than 56k accounts as 56k accounts would mean average ape visits the account 71 times a month to make up for 4million page views or a combination of with account apes vs non account apes do so but the ratio is unknown. Taking 516k cs account number and estimating total visits assuming near 100% of visitors have an account number- puts us at 4 visits per month which sounds a lot more reasonable + +TLDR2: + +# does this mean we really do have 516k accounts - no, not necessarily. all i am trying to say is that its less likely in my personal opinion that we only have 56k accounts - mod11 may be used for a checksum but not neccessarily to dismiss 90% of accounts. +DAYS PRICE IS ABOVE $1 (Nasdaq delist): 8️⃣/🔟 + +🍃🍀🌿I know none of u are gonna read an entire paragraph so here’s some pictures nd a quick search/summary. 🍃🍀🌿 + +☀️Pics: +https://ibb.co/3RLXLgj +1. https://ibb.co/bXnm269 +2. https://ibb.co/z8M7FT7 +3. https://ibb.co/j3mbQDW +4. https://ibb.co/tCrtXWt +5. https://ibb.co/Qftqt1H +6. https://ibb.co/9qcR3hc + + +☀️Summary: +- $SNDL being slightly shorted❗️ +- They are now debt free, while others weed stocks are filled with debt. +- SNDL has lots of potential and many plans of development +- +Weed (once fully legal📈) +- under valued, compare other weed stocks with similar financials as SNDL, most around $5B market cap avg and yes those are for larger companies but who’s to say SNDL won’t grow, so far they’ve been making smart business decisions. +- This is not a quick pump and dump. $Sndl has potential and; long term hold. Many others and I see the real potential of $SNDL and We holding long. + + + +☀️Common misconceptions nd questions?: + +- ❔Why is cannabis Shorted❔ +-Cannabis has been getting heavily shorted for quite some time because of legalization, shorts have made it very difficult for this life changing industry to flourish the way it should. + +- ❔Is cannabis industry over rated❔ +-No, cannabis stocks are overrated when they are $50+ before legalization and/or heavy sales. Which is the case with some marijuana stocks. But $SNDL was well under a $1, for a growing cannabis industry; this is highly undervalued. We are not saying $SNDL should be around the other popular mainstream cannabis stocks. But it should at least be higher $5-$15. + +- ❔Sndl is Canadian , legalisation is US❔- +-Yes, you don’t think being able to expand nd distribute to US markets will help to grow? + +- ❔why was $Sndl preforming bad before❔ +-1️⃣They had bad managment, the new ceo Zach will turn it around you can see in pics above. 2️⃣Marijuana industry wasn’t as recognized before. 3️⃣ They were faced with huge set backs, if you look at one of the articles below. They had 2 fires which resulted in huge loss of products, floods, humidity control issues, and leaks. Yet they managed to stay debt free❗️. This was all not in their hands and due to having a shit location and poor building management/control. + +- ❔cannabis industry has political issues❔ +-well for starter, the marijuana industry is no longer going to have those political issues with the Biden administration hopefully pushing it forward. Also, regarding SNDL the stock is highly undervalued compared to other weed stocks. Which doesn’t make sense because yea they’ve had major setbacks but somehow they’re debt free. It’s a cannabis company that looks to be making smart business decisions plus the new ceo will make a positive change, we are not saying it’s the next canopy or are trying to promote it as the leading cannabis stock. But instead we are trying to show you a potential stock that can boom due to being undervalued. To add on, SNDL is heavily shorted which brings a possibility of a small squeeze. They have until June to keep their share price above $1 for 10days or it will get delisted. So far the price is heading in the right direction. + +- 📌EDIT📌:❔regarding the comment about 1b market cap nd if it can reach 5b:❔Ok looking at SNDL market cap it’s currently at 1.3b and the company wasn’t even doing that well before because of major set backs I mentioned above, so you don’t think after having a new ceo, and making smarter business moves; that it’s possible for it to reach a 5b market cap, almost all cannabis companies are average round or close to 5b market cap, and none of them seem to be generating any high revenue, because cannabis is still under full legalization. And if you’re wondering what smart business moves SNDL made, well for starter they are debt free❗️while many/all other marijuana stocks are still piled with debt. SNDL is debt free after going through two fires that caused massive losses and constantly burning through cash, like all other cannabis stocks. Look at this article here: https://www.google.com/s/www.fool.com/investing/2021/02/03/3-pot-stocks-to-avoid-like-the-plague-in-february/ you can see most cannabis stocks aren’t generating any revenue and there all burning through cash and filled with debt except SNDL has no more debt❗️and here in this article: https://www.google.com/s/www.nasdaq.com/articles/is-sundial-growers-planning-a-splashy-deal-2021-01-22%3 you can see how they are trying to possibly expand. so a $5b cap is quite realistic. + +- 📌EDIT: ❔You guys keep asking about its market cap at 1b❔ Lol u say it’s over valued at 1b? What makes you say that, is it because their not generating any high revenue or their burning through cash. Yet, all other cannabis stocks are faced with the same issue and not to mention they are all piled with debt except SNDL❗️If you’re basing your facts that it’s overvalued because of its revenue performance than you might as well say all cannabis stocks are overvalued because most if not all, are still burning through cash. And the top cannabis stocks you guys mention are Nowhere near a penny stock, which diminishes their entire purpose in this thread. The point of this post is to show a penny stock that can potentially boom due to being undervalued in comparison to others. Not trying to list the top leading cannabis stocks, which is what you guys keep mentioning. + +- 📌EDIT📌:❔regarding the comment about Canadian companies in the us market ❔-Well for starter how do you know that once US goes through full legalization they won’t accept Canadian companies to flourish. There’s already major Canadian companies expanding in the us, and you don’t think SNDL is capable of doing an acquisition with a us company or let alone expanding their product/name to the us. Even if they partially succeed in expanding to the Us, they can still be major players in the Canadian cannabis industry you’re talking about a growing 37mill population with 99% cannabis enthusiasts. SNDL has lots of potential to grow. Search up this article (sundial growers splashy deal-nasdaq) + +Hope that answers some of your questions, I am no financial advisor DO YOUR OWN RESEARCH. I can’t provide you with all the info or predictions on whether this stock will rise or sink. I am quite bullish on this stock based on my reasons, but there are multiple sources online that can further elaborate on where this stock is heading. And hey at $1 a share I’m willing to risk it for the biscuit. + + +——————————————————————————EDIT + +Daily Updated News/Links 📈✅: +https://www.reddit.com/r/SNDL/comments/lad5im/look_at_how_many_shorted_shares_under_1_expiring/ + +www.fool.com/amp/investing/2021/02/01/why-sundial-growers-soared-today/ + +www.marketwatch.com/amp/story/how-a-cannabis-unicorn-lost-80-of-its-value-in-six-months-2020-02-03 + +https://www.marketbeat.com/stocks/NASDAQ/SNDL/short-interest/ + +https://www.fool.com/investing/2021/01/22/is-sundial-growers-planning-a-splashy-deal/ +Recently found out my elderly relative was cold called from this company that promised to buy Elon Musk Slarlink IPO shares. +She transferred the money via Wise international transfer. +I spoke to the scammer after being made aware of what had happened. He spoke with a British accent and sounded like he was reading from a script. +I explained how we wanted to close the account and for the money to be returned. The scammer replied that he us unable to sell and wants more money for the balance owed for the package that was purchased. +Very hard to convince the relative they are scammers. + +If anyone has dealings with Enbridge Consulting limited from Hong Kong, run away, hang up the phone report it to authorities. +Details: +Everbright Center 108 Gloucester Rd, Wan Chai Hong Kong +CR 2198926 +# [Live AMA with Dr.Robert Shapiro and Lucy Komisar.](https://www.youtube.com/watch?v=CXTb31od-VA) + +4:30pm EDT +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + + +Please behave yourselves! u/Captain-fan and I are watching 👀 +[2017 Health Insurance premium increases from $679/month to $1,355/month!!](http://i.imgur.com/aDXB4qT.jpg) + +I just received this letter from BCBSOK notifying our family (2 adults, 2 children) that our 2017 health insurance premiums will be increasing from $679/month to $1,354/month for the exact same plan (PPO 006)!! That is a 100% increase in one year!! Also, our individual deductibles are increasing from $6,000 to $6,500 each. For reference, the plan is BCBS Oklahoma Bronze Plan PPO 006 (HSA): http://www.bcbsok.com/pdf/sbc/2016-compare-bronze-plans-ok.pdf. This is a Health Insurance Marketplace plan and is one of the cheapest plans offered by BCBS (who is now the only remaining health insurance company in Oklahoma). + +So, for 2017, our family will be paying out $16,256 in premiums PLUS a $6,500 deductible per person (i.e,. total of $22,256) BEFORE our insurance will pay a penny for any medical care, prescriptions, etc.!!! + +This is outrageous!!! I am self-employed and adding another $680 monthly expense is devastating. We are in Week 7 of Dave Ramsey's Financial Peace University and were excited to have a plan to better manage our money. And then our health insurance premiums double!?! $1,354 per month is a freaking house payment (except it will never be paid off and there is no equity)! + +So much for saving for our kids college or for our retirement or other future plans. I wonder how other people are handling these skyrocketing health insurance premiums? Are there any good suggestions for self-employed individuals to join some types of groups or organizations that may have lower group-based premiums? + +ETF expense ratio question + +I am confused about how ETF expense ratios are charged and am worried I may have incurred a ton of expenses.. I have done some heavy day trading (buy, sell, buy, sell, etc. in large lots of shares) on a leveraged ETF to make quick profit and never hold overnight. My question is, am I incurring cost of the expose ratio on every buy I make on this ETF and will I get some outrageous expense ratio bill at the end of the year? Or are ETF expense ratios calculated into the price you put of the shares themselves. I cannot find anything that answers this question. Any help would be appreciated! +I am trying to refine my portfolio with a smaller number of positions that will actually grow over time. I own AGG as 15% of my portfolio and this is because the book The Intelligent Investor really drove this point home and the robo-advised TD Roth also has some AGG. + +My question is, what will my allocation in bonds do for me? I understand that bonds will reduce risk but how? When the market starts to tank, more people will invest in bonds instead of stocks at that point? If this is true, this would make my AGG position go up, then I sell the AGG to help reduce the losses of the stocks and buy more while the market is down? + +Also, would it be a bad decision to sell AGG now and put it towards my other positions? Do I need a bond ETF in my portfolio? + +I read everywhere that every portfolio needs some percentage of bonds but I am not sure what holding bonds does for me. Also, I am 32 and my Roth only has about $4,000 so far, for time reference. +Definitely holding on to it, but I’m down, as most of us probably are. How much faith do you guys have in it coming back to 130-140+, and how long do you predict it could take? Anyone scared that this is a mass sell off and it’s dead. Or just a bigger than usual dip that will inch it’s way back up in a few months? +Just a hunch. I'm sure someone can do a search for when it was first mentioned here and how it's grown in popularity. All it would take is regular anonymous accounts talking up the same fund. +Hello everyone! Going to buy my first set of ETFs and after doing some research, VTI, VOO, VUG and VGT are the ETFs that stood out the most to me. How do you guys think I’m doing? I’m in my early 20s so I’m thinking about buying 1 share of each or more every month for 10+ years. Thank you! +Yeah, I understand inflation, but what’s the alternative? + +Stocks are in the gutter, s&p500 is going down, crypto is going down… if the money isn’t in the bank it’s going to be worth even lesser. + +What other assets can one buy that can keep up with inflation? +Only three days old and has attracted over a thousand investors largely due to the transparency of the development team and the well documented roadmap for 2021-22. + +The team is built with a real in-house group that has worked on projects that they have built into millions of dollars. The core heart of the team is to giveback and has been one of the largest donors to Phoenix Children’s hospital for years. + +The team led by Bill Spata have created videos, jumped on live chats on telegram to provide investors with full transparency and authenticity. Because of this the $PYE community has insanely grown stronger with the telegram chats going 24 hours with the passionate community full on support. + +THIS MONDAY CreamPYE is going to start paid marketing using the channels they’ve used to scale multiple multi-million dollar companies.So it’s still super early to jump in. Join the telegram. Listen to to conversation. Do your due diligence and see if it’s the right fit for you. Also a live AMA is happening this Tuesday. Join it and ask your questions. Let’s goo! + + +✅ CreamPYE, FAIRLAUNCHED, RUG PROOF, liquidity locked contract with low cap and only just over 1,000 holders. Welcoming community with a purpose to end world hunger. + +🔳Tokenomics + +🔸Name: CreamPYE + +🔸Symbol: PYE + +🔸Token Blockchain: BEP-20 + +🔸Total Supply: 1,000,000,000,000,000 PYE + + + +🗾PooCoin: https://poocoin.app/tokens/0xaad87f47cdea777faf87e7602e91e3a6afbe4d57 + + + +🗾Liquidity Locked: https://dxsale.app/app/pages/dxlockview?id=0&add=0x935c085980Aa4868F798FB28dBE39fE550f1eba6&type=lplock&chain=BSC + + + +🗾PYE Contract: https://bscscan.com/address/0xAaD87f47CDEa777FAF87e7602E91e3a6AFbe4D57 + + + +🔳 Official Links + +🔻Website: https://www.creampye.com + +🔻Telegram Group: https://t.me/creampyetoken + +🔻Twitter: https://twitter.com/creampyetoken + +🔻Instagram: https://instagram.com/creampyetoken +Forcing 3 day trades a week unless you have $25,000 is dumb as hell. So rich people can spam dips and sell high points but I can't just because they have more money? Can someone explain the logic behind this *besides* it being a protective measure for people? Last time I checked, those same people can take all of their money and put it on black at a casino with no supervision from the government at all. + +Edit: From what I’m gathering, if you resonate with me, you’re libertarian in your view of how much the government should regulate how you handle your own money... and if you don’t resonate with me, I’m a poor, stupid, financially irresponsible ingrate who actually doesn’t deserve to even own a share of JCP. + +Fun thread! +**Since a lot of new autists are on here blindly buying options and praying that they make them money. hopefully this helps you lose less money** + +Let me make this as *simple* as possible. Options Greeks are dimensions of **risk** for different aspects, such as time, price, volatility blah blah. Here is what they are and how you can use them to make better trades. + +**DELTA** +domain: price +delta is the greek that has the largest influence over the option, it is a reflection of how the options premium will change as the price of the stock changes. For example, if you buy a call option on a stock that costs 100$ with a delta of .35, you can expect the premium of your option to go up 35 cents if the stock goes up 1$ to 101$. +**DELTA TLDR** delta is the percent risk for the option. multiply it by 100 to get a general percent chance of profit. + +**GAMMA** +Gamma is the derivative of Delta , or the instantaneous rate of change for each consecutive increase or decrease in stock price relative to the option. gamma is to delta as acceleration is to velocity in your high school physics class. Basically, GAMMA is **NOT** linear. +For example, you have a stock that costs 100$ with a delta of .35 and a gamma of .05. if the stock goes up 1$, the premium will go up 35 cents and delta will go up to .40, meaning the next 1$ increase will increase the premium 40 cents instead of 35 cents. +**GAMMA TLDR** The derivative of delta, how much delta will change as price increases or decreases. + +**THETA** +theta is the domain of time, more specifically the rate of decay. Pay extra attention to theta you autistic fucks because this is the reason you keep losing all your money. Theta is the greek that represents how much your option will decrease every day that passes where your option does not move closer in the money. theta increases as expiration gets closer, so when you buy your option 50% out of the money that expires next week, theta cucked you ten times harder than that same option expiring in 6 months. +For example, your option costs 1.80, and has a theta of .1, +this is what your premium will look like as you get theta cucked: +Day 1: *1.8 +Day 2: *1.7 +Day 3: *1.6 +you get the point. +**THETA TLDR** HIGH THETA IS BAD FOR OPTION BUYER AND VERY GOOD FOR OPTION SELLER. A THETA CLOSER TO 1 MEANS YOU WILL ALMOST 100% LOSE EVERYTHING. + +**VEGA** +Vegas domain is implied volatility. it represents how your option will be influenced by 1% increase or decrease in IV. Say you have an option that cost 1$, with a vega of .05, if the IV goes up 1%, the option will go up to 1.05. NOTICE in the current conditions IV is in the hundreds of percent for everything. SO WHEN THIS SHIT STABILIZES YOUR OPTIONS WILL GET DESTROYED BY VEGA!! +**VEGA TLDR** Implied Volatilities influence over option price. increase in IV is good for buyers and bad for sellers, and vise versa. so in general, low IV options are far more favorable for a buyer. + +**RHO** +rho is the domain over interest rates. for newbies, this shit is the least important greek by far, but basically it shows how much your premium will increase or decrease as interest rates go up or down. + +**TLDR** +options greeks are used to analyze how various factors such as time, price, volatility, and interest rates will influence the premium on your option. They are crucial for responsible gambling as they can be used to almost immediately assess the risk the option you are buying or selling has, along with the actual potential for profit. +**Use this information to not lose all your money** I will try to answer questions but probably not. + +**TLDR, TLDR** +[this chads comment](https://www.reddit.com/r/wallstreetbets/comments/flgsk1/options_greeks_for_dummies/fkyhsdk/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +https://www.facebook.com/monzobank/posts/831715700508068?comment_id=831717703841201&comment_tracking=%7B%22tn%22%3A%22R%22%7D + +Edit: Screenshots here in case the ad gets deleted/removed https://imgur.com/a/gNI2vuf +Hi, + +I am in my late 20s (28) and I have found working from home to be a blessing but also at the same time boring. + +Pre-pandemic, I used to go work in an office five days a week which I enjoyed and learnt a lot from. But at the same time I hated the long ass commute driving 2 hours back and fourth. + +Now, I am working in a job that is literally a lot closer to home and I used to go in twice a week which I was very happy with as it allowed me to socialise with people and frankly allowed me to get work done quicker! + +My question is what have you done to make the most from working from home? + +Just trying to find things to do to become more productive and do things in my spare time which will either generate additional income or gain new valuable skills. + +Thanks +With a newborn (well 6 months old now) baby, I have been realising more and more that I am missing so much of her 9-5 mon-Friday. Sometimes I get home and she has already gone to bed. + +I work for a tech company as kind of a programmer (more like software configurer tbh) and I’ve been thinking about asking if I can go down to 4 days a week. + +Before baby came along we worked like crazy people for a couple of years and did Airbnb with our 2 spare rooms and paid off our mortgage completely so having 1/5th less coming in from my salary wouldn’t really make a difference other than our savings balance going up slower and my company pension getting slightly less contributions. + +My wife is currently on maternity leave until the summer and she is also hoping to go back 4 days. If I did reduce, I would make my day off different to hers to reduce childcare costs. + +Just wondering if anyone has done similar or has any opinions? +I want to buy call options on oil because I think that when Russia invade Ukrain oil prices will spike globally. + +I've never purchased options before but I understand the general theory and just want to know if for any reason it would be retarded. + +Thanks. +Your markets are run by bots. Now your daily threads are too. + + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Thinkin about getting into US trading potentially one day, what would be better overall, self wealth or stake? +Also does anyone have any apps that accept US currency directly so I can trade with US currency without exchange fees? +Just want to know your experiences and recommendations. +(Mods feel free to delete if not appropriate) +Brothers, + +Any thoughts on why VML's SP did not react to today's announcement as expected? + +Does the market need more time to react and soak in the announcement?......... Or am I missing something. Been hearing about SP manipulation through bot accounts. Is this possible through reputable stock brokerage firms eg Commsec? + +Still pretty new to this stuff, please take it easy on me. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Hi, + +Today, i saw the price per pips of Xau/Usd who was around of 1K for a lot position of 1 and today the market of that symbol was volatile so i am wondering why there not that many people trading gold? + +Im sure there's reason why, but can someone explain? + +&#x200B; + +Thanks! +So I sold a bearish call spread on IRNT. Current price at close is $14.08. + +STO -50c 7.5 Oct15 + +BTO +50c 14 oct15 + +I got assigned on the short leg, and now I'm short 5000 shares at a price of 7.5. Still holding the BTO 50c position. Do I now have to wait until it reaches 7.5 to break even, or can I close both legs for nothing? + +First time I'm seeing such a big red number on my account. Down -87.7% and -$70,000 buying power. [This](https://imgur.com/Il2h3TJ) is what I'm seeing. + +Thanks for any help/clarification. + +Edit: Looks like I'm paying the \~2% daily fee to hold the short position over the weekend I didn't want to have. Hoping for a red open and I'll close both legs. +Hello everyone, currently studying and backtesting doing weekly Short Strangles on TSLA. Testing has given very good numbers. However, there was an occurrence in the week of Nov 7th, where TSLA dropped \~15% in 3 trading days. Obviously, the puts' losses completely demolished the calls' gains by the second trading day, specially because gains are capped and losses are practically infinite. + +I've ran through the week a couple of times testing multiple ways of entry and managing the position but every way I can think of ends up losing significant money (relative to the max profit by the 2nd and 3rd day). + +As a side note, it rebounded in the 4th and 5th trading day but I don't want to take that into account to not bias position management. + +Any ideas? + +Edit: For reference, the short strangles are really wide, both sides being usually 11% away from the current price at open. Statistically, I'm at an advantage but there are def occasions where 11%+ moves happen in 5 trading days, those are not that much of an issue because I usually see that coming and manage accordingly but the week of Nov 7th was very brutal and sudden and I'm looking for a way to mitigate pain in those scenarios. + +Alternatively, I'm thinking that that situation might just be part of the game in the big picture as it'd make sense when viewed as a statistical occurrence throughout the year. But wanted to see if I'm missing something. +Hi everyone, + +I use a lot of different strategies and different expiration dates when I'm trading options. One of the strategies I like the most is selling put spreads. Put spreads generally have a better ROC than selling naked puts although I like both. In general, I like to open a position at around 60-50DTE and close this around 30DTE (of course, this depends on how the underlying is moving). This time frame seems to give me a nice time frame to manage my position while I'm able to capitalize on the theta decay. + + +As can be seen in the graph below, theta decay increases exponentially the closer we get to expiration as most of you are aware. Still, I thought this could be a useful graph for the newer people in his community as a visualization often helps with understanding this concept. + + +https://preview.redd.it/w2jlbbyatns91.jpg?width=660&format=pjpg&auto=webp&s=a2f7f5d6260657e82db31a2d2a1814b3816cb396 + +My question for you guys is, what time frame do you guys seem to have the most success with and which strategy do you use for this time frame? + +EDIT: Please note that the graph above shows the trajectory for a ATM position. + + +I've been trading a strategy that I'd love to get feedback on. It has been very successful over the last 4 months but I'm afraid I may be missing something because it seems too easy so far which means it's very likely I'm doing something that is overly risky or misunderstood. I get that this is a great market but I'm trying to get honest feedback as to whether this is a dangerous or simplistic strategy in "normal" markets. What I'm doing: +Selling puts typically at only 1 or 2 week DTE at a delta of between 8 and 15 with an IV between 40 and 100. I only sell at a probability of profit +80% and a minimum of 20% annualized return- with the short duration it can be much higher. I also try to find good support levels to set my strike under and select stocks in a strong uptrend. My win rate has been over 95% as far as having to roll. +For example today I sold a NVDA $380 put for this Friday for $1.00 at a -12 delta and a POP of 89%. So it seems like a solid likelihood I can make it three days without it dropping ITM. +What's wrong with this deep OOTM and very short DTE strategy? I understand many people go 20-45 days at a higher delta which just seems to a noob like me that it's a long time for something to go wrong but I might be thinking of that the wrong way. Experienced traders I respect seem to focus on 30-45 days DTE at a higher delta like 30- has that strategy been shown to have a higher expectancy? Is the use of such a short DTE overly risky? + + +Thanks in advance for any guidance, +Sold a weekly CC on TSLA this past Wednesday and received a $350 credit. I read somewhere that some person here got himself in a pickle and wasn't able to ride the wave by buying his contract back. I am doing just that and bought it back at....$3500. Sad, yes. However, I am up bigly on my stocks so I will take this as a learning lesson and restrategize. +Dark pool sounds not very good, but it is still soft and minimizing language for what is in all ways, a private exchange to which PUBLIC orders are sent, to be obfuscated and hidden from true trading and price discovery. + +Can we start calling them "unregulated private exchanges" please? I feel like it is important to actually say what these vague vampiric/parasitic/criminal entities actually are. +Yes I know there’s the “not QE” argument, but it still doesn’t explain why the Fed balance sheet is up over 4 trillion in the past 2 months and continues to growth. + +I could be completely wrong, however it would explain why the S&P continues to grow while pretty much every economic factor continues to subside, such as manufacturing. + +Any thoughts on this? Also, how long is this sustainable? I feel like I’m playing monopoly with my kid and when he can’t afford rent, I’m just handing him 500$ under the table. +I [20/F] want to invest in the stock market. but I no nothing about finance , the only thing I know is how to use my credit card and that’s it(not joking unfortunately). I really want to learn so I can invest and save my money, if anyone has any advice or courses online that could help me. +New to this sub! +I’m looking to buy a home with my soon to be husband in the next year. Where do we even begin? + +I want to get a realistic picture of our finances to see what we can afford. (Do we talk to a financial advisor? We don’t have *that* much so I don’t know if that’s worth it. Can you just walk into a bank and ask these questions? Or go straight to a realtor?) + +Any books, podcasts, YouTube channels to recommend? Thanks for any tips! +I’m (25f) my boyfriend (22m) has incredible savings, credit score and has financial investments. I choose to not save and spend my money carelessly when I was younger so I do not have the same financial footprint as him. I recently saved up enough money to get a new vehicle (5,000), I’m a server and work for minimum wage ($11.86) my vehicle costs me about $900 a month between plates, gas and my loan. Which, is my WHOLE paycheque bi/weekly. So at the end of all that I only have around $400 left at the end of the month…. However, I’m impulsive and am having a hard time budgeting and still being able to enjoy my life a little. We are in the process of buying a house. Which is due to my boyfriend. I offered to pay for the lawyer fees and cover the taxes for the property. But, my boyfriend put a hold on that and told me to focus on school (currently in accounting class). I feel like I’m not contributing to our relationship financially as much as he is…. He’s a welder though and makes $32+ an hour. How can I better finances without selling myself short??? +I am thinking about putting down 10 to 20 percent down on a house, getting a loan for it, fixing it up with my brother and my dad (dad has construction/fixing houses experience), and renting each room out for reliable college students or professionals. It sounds easy on paper, but I know for a fact that it is extremely hard, but I have seen people do this and make great profit and just rinse and repeat that formula. Now, I need the experts here to tell me what is the hardest part about this and if I should even try. I am 24 years old, work at a cellphone store full time, make close to 40k an year, single, and have the time to put in fixing and flipping houses, and want to create different income streams. Any advice? I live in Michigan by the way. +I’m sure everyone is aware of those “cheap land” websites, where you can get cheap land for “$500!” (Yes, read the fine print and check for liens and such.) + +But I’ve always been curious, how the hell are they getting land for the cheap, where they can turn around to sell some of this land for $500-$1500? + +Obviously it’s not great land, nothing around some of it and others are in the middle of nowhere.. but I’ve always been so confused. Do they even make profits on this or is their portfolio so diversified with other profit making land to get away with this? Where does one even find the “good” land to resell as well? +I’m currently inspecting rental properties in Melbourne and I’ve received follow up calls for the last two inspections. + +Both times, the real estate agents have wanted to know if I was still interested and to let me know that if price is an issue I can put in a lower offer. + +I’ve been in the rental market 4 times in the past 6 years, inspecting many properties each time, and this has never happened to me before. + +Anyone else having a similar experience? Has anyone in Melbourne secured a lease well below advertised price (and if so, by how much)? +Background: + +So I had minor surgery. When I received the bill a month or so later, it stated that I might qualify for a discount if I'm willing to pay the discounted amount in full, and it directed me to call their accounting department to inquire. + +I did so, asking if I qualified for the discount, and was told that, yes, I could get 10% of my bill if I paid the remaining amount today. + +So, I pulled out a credit card and paid 90% of my medical bill then and there. + +A month later, I got a bill for the 10% I had been discounted. + +I immediately called them again, and asked what was going on. I was told that I didn't pay it fast enough to qualify. They told me that they sent the second bill a few days before I paid (I received a second bill for the full amount some days *after* I paid, and ignored it because of the billing date). + +The first bill did not specify when it had to be paid, and did not list a "deadline" of any sort, only a "billing date." In fact, the third bill, for the 10%, arrived in my mail box nine days after the printed "billing date." + +I was escalated to the supervisor, who put me on hold for a while, then returned and said "there's nothing I can do, you were late paying." I said that sounded a lot like a scam to me, and they asked if I wanted to escalate the issue. I said yes, and gave them my home phone number as the primary point of contact. I was told I would be called within the week. + + + +A month went by and instead of a phone call, I got another bill, telling me that my bill was going to be sent to collections if I didn't pay it *right now*. + +Do I have any recourse? I can pay it, of course, but this seems to be about the scammiest way to collect on bills I've ever seen from something I'd have assumed was a reputable organization. How many people would be motivated to take out a loan or use a credit card for something they'd normally pay in small installments? + + + +#Edit: +I didn't expect to get this much attention, but I've read through all of the comments currently submitted. I've decided that my best course of action for the moment is to go there today and talk to someone face to face. In the unlikely event that someone is telling me they can't fix it because fixing it would complicate their life, perhaps a bit of complication in the form of a personal visit will motivate them. + +In all likelihood I will just pay it to avoid the hassle, if it comes to that. The amount isn't worth any legal action, even if I do it all myself. This has at least given me some clarity in how I will approach them: I feel that, at the very least, I entered into a verbal agreement with someone whose job is to represent the interests of the hospital to its patients. If those representatives are not actually empowered to offer discounts, they should not offer discounts. + +I'll update again when I get home this afternoon. + +Edit 2: My guess was correct. Very much in contrast to what I was told by multiple people on the phone, she pressed a few buttons on her keyboard and said it's taken care of. +&#x200B; + +[Top 15 Options Activity from Friday \(1\/29\/2021\)](https://preview.redd.it/50atl3uc1pe61.png?width=1373&format=png&auto=webp&s=9e0b4faeda15be0c6e6cf70d0dff3a1bd9d01b0a) + +Due to the exponential increase in membership in WSB I have started to see a lot of misinformation, favoritism, and overall divisiveness going on within the community. I decided to do my own Due Diligence (DD) to determine which stocks I will be holding next week, and hopefully this can start up a meaningful conversation in the comment section to help out our new friends who mostly want to know what to invest in. I pulled the top 15 stocks with the greatest Options Volume from Friday (1/29). You can see all 4 of the $BANG stocks make this list. Despite understanding that GME is a heavily shorted stock with a Short Float greater than 100%, it is important to look at the Put Volume as well. This is the numbers of option contracts that are shorting the stock. GameStop is the only company of the batch that has a Short Float of greater than 100%, which is why this short squeeze is working so well, but it’s also the most heavily shorted on the options side. I think it’s important to see all 4 of the BANG stocks are heavily shorted on the put side too. If you look up who is buying these Put Contracts, it is mostly big institutional investors, whose best interest is to artificially depress the stock price so their puts pay out (look at what happened to BB and NOK on Thursday and Friday). This is why we have to stand together as a community and embrace the $BANG index that we created. + +**GME** \- This is a short squeeze. Not much to say here. Buy, hold, don’t sell. + +**BB** \- This is a gamma squeeze, not a short squeeze. 66% of the float (shares available) are owned by institutional investors, so while the float might seem big (550M), we are only dealing with 34% of the shares. Buy, hold, don’t sell. + +**AMC** \- Also a short squeeze. The Short float isn’t above 100% but this is still a great potential candidate. + +**NOK** \- This is a gamma squeeze, not a short squeeze. This is the weirdest one to me because everyone was claiming this was “bot” propaganda last week and then has the 3rd highest option volume on Friday. Not sure how to feel about this one, but hey its popular. + +**Defining some terms:** + +**Short Float:** Percentage of shorted shares in relation to the total number of floated shares (shares available to be traded) + +**Options Volume:** Total number of **option** contracts bought and sold for the day + +**% Put:** Percentage of total option contracts that are puts (think the stock will go down) + +**% Call:** Percentage of total option contracts that are calls (think the stock will go up) + +**Put/Call Ratio:** Ratio of puts to calls option contracts (higher the ratio, higher the short %) + +**FAQ:** + +\-Where did I get this chart from? [https://www.barchart.com/options/most-active/stocks](https://www.barchart.com/options/most-active/stocks) + +\-Which Stocks do I own? I own all 4 $BANG stocks + +\-Which options should I buy? Buy shares + +\-This is just my personal opinion and not professional investment advice +I just lost my vehicle to an accident and am about to lose my job if I don’t find a means of transportation today. + +I’ve been looking into financing vehicles and or taking out a loan to pay a private seller. + +I also just started rent a home and everything is starting to overwhelm me. And I’ve started to run low of funds not being able to get to work. + +Any guidance is appreciated. I’m 21 years old by the way. +A short story fan fiction posted on behalf of Wuz: + +[https://www.youtube.com/watch?v=ZRfnWpV4i7E](https://www.youtube.com/watch?v=ZRfnWpV4i7E) + +Why are 75%+ of their portfolios in options? + +Why are they paying brokers for their order flow? + +Imagine you are playing poker, except you see half of the table's hands. This is the equivalent information of seeing 40% of order flow through your quant code. Next imagine you are playing roulette as the house except you get to choose where the ball lands. This is how they are abusing the options market with flash crashes, spikes, and EOD pricing. These metaphors are the essence of how these funds have stolen gigantic sums of money from retail traders. + +If you were at a poker table where you could see certain opponents hands would you not be more inclined to play hands against them? The order flow they are paying for is almost exclusively retail investors. Who are they most inclined to manipulate and bet against? The shown hands of their opponents aka retail securities and options buyers. Did we forget what WSB was most known for? Options loss porn and margin calls. If you can see the entire retail options spread, while simultaneously having the ability to bet on your own options, you can tell the price points that facilitate the most pain for your order flow and additionally cash in your own bets to skew the cost/profit equation of manipulating the price in your favor. Also, flash crashes and high volatility lend themselves to more margin calls and more pain for undercapitalized entities. + +Sadly, it goes much much deeper than just these indiscretions. Not only are they betting against their own order flow, they are using it to win. Failure to Delivers does not only include short sale borrowing… It also includes when the buyer or seller of a security fails to deliver the share or payment. [https://www.investopedia.com/terms/f/failuretodeliver.asp](https://www.investopedia.com/terms/f/failuretodeliver.asp) + +In battleground stocks or stocks that have upcoming important dates or earnings calls these MMs are holding their buys and sells (converting them to FTDs) and using this “ammo” to activate their own option spreads and decimating retail with easy to program quant data given to them from these broker's order flow. Cost analysis is the basis for most of these plays. I.e. It will cost us $XXX million to sell through X basis points and activate $XXX million worth of our options. Imagine if you don’t even have to use your own shares/capital to be doing the buying and selling: the possibilities for manipulation are truly endless and your cost/benefit analysis will almost FOREVER be in your favor. And guess which stocks they will ultimately have the most “ammo” for? The stocks bought and sold most heavily by retail. All they are required to do is deliver the share (eventually) or pay the broker for the sale - There is no record or tracking mechanism for the actual free market transaction. This is why they don't need to own shares - they get them daily from their order flow. This is also why the DTCC has put stronger restrictions on FTDs and non-delivery of securities. + +[Poker](https://en.wikipedia.org/wiki/Poker) and other games are an important part of the SIG company culture. The founders and senior traders believe that poker teaches lessons on decision making under conditions of uncertainty. SIG hosts an internal poker tournament annually and has even used poker as a recruiting tool.[\[14\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-14) The company employs [Bill Chen](https://en.wikipedia.org/wiki/Bill_Chen), a [World Series of Poker](https://en.wikipedia.org/wiki/World_Series_of_Poker) star, in its quantitative trading group.[\[15\]](https://en.wikipedia.org/wiki/Susquehanna_International_Group#cite_note-15) + +[https://sig.com/quantitative-trading/game-theory/](https://sig.com/quantitative-trading/game-theory/) + +With Steve Bloom, Eric Brooks, Arthur Dantchik, Andrew Frost, and Joel Greenberg, Jerry Yass founded a firm in May 1987 to deploy their **poker** skills in the options markets. All founding members of Susquehanna were professional poker players. Nov 22, 2018 + +They are playing poker against us, but they can see our cards. + +[https://www.youtube.com/watch?v=FpNWvxE9nXY](https://www.youtube.com/watch?v=FpNWvxE9nXY) + +Edit: you know its good when the susquehanna shills are commenting + +Edit2: Wuz: I bet if you were to audit Robinhood inflow and outflow of funds you would find a HUGE imbalance of losses especially on options trades. When GME mooned they had never had that many people "win" before they didn't have the cash to cover it. + +edit 3: The massive volume we are seeing in the after hours glitches is Citadel transferring shares back and forth to cover FTD’s from shorts but also a metric shit ton of retail buys that they have never truly delivered to the brokers (don’t panic your broker is still liable for your share even if Shitadel didn’t buy it). The less shares they have to do these dark pool trades with the more frequently (higher volume) they need to trade the shares back and forth to cover the ever increasing FTD’s. They are also using deep ITM calls as covers for their short interest. This is why we see a decrease in short interest, but no true upward buying pressure. This is why we see daily 5 and 6 figure FTD numbers with no true upward buying pressure. +To me, FI had value beyond “the interest I could make had I instead invested that money in a ETF or index fund”; I get it ok. + +My business is killing it this year and I will be able to easily pay off my house in full ; the obvious question is should I? It would be immediate FI in the sense that I would essentially have 0 debt (married, family of 4) but I mean I am also giving up on that compounding interest…. So is FI more than $? Is it simply the idea I have no bills and a roof on my head ? (Choosing to ask this here and not on personal finance where they would crucify me for suggesting to pay my house off vs investing ) + +*edit* just adding a little more info since this is getting some attention: + +-Mortgage only has ~$160k left (3.5% APR) +-I run my own ecom biz +-I have other investments +I'm the founder of an early stage startup, and this happened yesterday. + +My partner went to transfer funds to a supplier in China for about $4200. I woke up to a notification from the supplier that they received the funds with an excess of $38k. We've never worked with this supplier before, but luckily they were honest and they've offered to wire the difference back to us on Monday. + +For the time being, the bank account is almost drained. We have several orders pending because we're getting our inventory ready for the holiday season, and if any of our payments get declined it could cause us significant delay. + +Since it was an error of our banker, does the bank have any responsibility to correct this quickly? Will reporting this cause big problems for the banker who performed the transaction? + +Edit: In the comments I explain my partner signed off on the incorrect amount without noticing, so it's the fault of both parties. No one who's able to do anything about this is currently working since it's the weekend so we have to wait until Monday. Will update when things are resolved. + +Edit2: So much blame towards my partner in this thread and to an extent it's warranted, but he provided all of the correct information for the wire and she had it in two (2) forms - email and in print. An extra 0 was added to the amount by the banker and it was not caught by my partner. It all really sucks but I guess at the end of the day we're lucky the supplier is admitting that we overpaid. + +**Update:** The bank handled everything awesomely! It turns out the banker was already in the process of requesting a return of funds when my partner went in this morning. Luckily for us, the supplier did indeed wire the difference back to us. Had they not, it would have taken our bank a while to reclaim the funds since they'd need the receiving bank to agree. + +Our bank is going to cover any fees associated with the return transaction and any difference in amount resulting from exchange rates. They offered to allow overdraft on our account had we needed that. Additionally the banker closely monitored the return wire and made sure it posted as soon as possible so the funds were already back in our account by afternoon! None of our inventory orders fell through, we just had to sweat it out over the weekend :) We were so lucky our overpaid supplier was honest and diligent. And we're so grateful that our bank had us covered. Thanks to all for the support and suggestions! +I claim to be a disciple of Al Brooks, who preaches faith and simplicity in reading print, yet this weekend I went on a relentless hunt for “THE” breakout/momentum indicator to aid my trading; against me knowing better than that— and this morning, it got me cut up. + +Anyone else ever had this happen? Where you add 1 or 2 indicators then forget how to read the chart and position properly? + +If you’re curious: + +I went hunting this weekend for some sort of momentum oscillator after having a really good week last week paper trading the ES. For whatever reason, I felt the 20 EMA didn’t supply my needs for breakout indication, so I added MACD + MFI to my chart. + +I started the morning with one successful trade, then tanked from a $4,250 paper balance down to $1,100. + +Maybe it’s just me, but I felt utterly lost on my reads with those added indicators adding unneeded noise. +Ok so, been sick in bed a couple of days and some random shit popped in my head + +&#x200B; + +https://preview.redd.it/v5ql5pb180b71.png?width=1516&format=png&auto=webp&s=ad4bc422869060a3ea7f15211a0247e36a7ec44b + +The NFT part is the same style as nintendo's logo + +The part that looks like a cartridge has the etherium stamped on it, and of course the gameboy looks like a gameboy. + +But then I started reading Jordan Holberg's post on Magic the gathering. + +(which can be found [here](https://www.linkedin.com/pulse/magic-gathering-multiverse-metaverse-jordan-holberg)) + +It goes into detail on how Hasbro and Wizards of the coast could use NFT's in multiple actual use scenarios. + +One that struck something with me however is that they could basically make sure the secondary market can get rid of the "fake" cards, as any mtg/pokemon/yugioh player can attest the market is rife with knock off products and often it's hard to tell the difference. + +But with the Nft being used as a "seal" so that you always know that your card is genuine it could knock out the knockoffs. + +You could also use it to build a deck for tournaments, and in theory if someone uses your deck to win you could receive a "kickback", as could the original creators of the art etc etc. + +&#x200B; + +But here is the thing, what about Nintendo?Pokemon is one of the biggest franchises in the world right now, it has videogames, cardgames and so much merchandise, and here is the kicker, remember Amibo's ? + +Imagine you have an actual physical model like an Amibo, you train your pokemon and you can then use that same pokemon in several different games, creating a team you can track and use in every future game. + +&#x200B; + +https://preview.redd.it/v5xmmy37a0b71.png?width=438&format=png&auto=webp&s=b1f3ea74badae530b6c67131b7b3019ef18daa10 + +But I digress, here is the thing that got me spinning in circles for most of the day, how could GME use a dividend or NFT by use of pokemon? + +Remember those promotions they used to do back in the day? + +special cards, special dlc, special stuff. + +Enter Crypto kitties, enter Nintendo, enter anything. + +I have nothing to back this up as fact, everything in here is speculation but seeing the already pre-established relationship GameStop already has with so many game companies we could see anything be given as a dividend, Be an investor at GME, get a special Halo Hyabusa skin, get a rare pokemon, rare mtg card which you can use in your actual games. + +So what do you guys think? could this be something or is this just a bad idea?Also I've flaired this as discussion, because I'd love to see some discussion surrounding this but mostly + +\- What actual use could you see happen with NFT's? + +&#x200B; + +It seems u/StrifeLover was posting a theory similar to mine for a while, be sure to check out his posts as he goes more in depth then I do, and he is actually into pokemon and stuff like that and knows more, would love to get people more involved into this! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I haven't bought a "brand new" phone in years. Last month I absolutely needed a new phone so I bought a certified refurbished Samsung Galaxy Note 9 for $375 and currently pay less than $70/month for me and my fiance's "Basic" unlimited plan with Sprint. When that phone came out it was close to 1K and mine is in perfect working order with no scratches and a 90 day warranty. +https://7news.com.au/news/lotto/top-lotto-winning-suburbs-revealed-did-yours-make-the-list--c-4952606 + +I've often wondered what lotto winners have on the economy. I understand as a whole every week everyone looses an amount to enter. (isn't the same smashed avo on toast theory at play here). + +But also someone is winning life changing amounts weekly. Isn't 1.3B a year enough to move the housing market for example as there are only a small (tens of thousands) amount of transactions made a year? +Great group, however, now that NOK hit $5.00 and passed same, Taking NOK out of the penny stock category, it’s time to say goodbye and wishing all of your investments in this sub should also say goodbye in the near future. +**How I paid off $10k in CC debt in one year ($55k, SoCal, NO WINDFALLS)** + +I wanted to do a write up in how I paid off my CC debt in a year, because every post I see about people paying down large portions of debt after a major job promotion or raise or change had no meaning to me. I needed to find a way out of credit card debt that was accrued over a large period of time without having to depend on a windfall or major life change, and the majority of the success stories I found were from people already making 6 figures, or had changed jobs multiple times to triple their income. Here's how I did it with a simple 2% cost-of-living raise and a low-mid income. + +**Income/COL Stats (Begin January, 2015)** + +**Beginning Cash:** ~$1,000 (Dec 31, 2014) + +**Location:** Southern California, 45 min. North of Los Angeles + +**Income:** $55,000 ($1,480 Take Home every 2 weeks) + +**Raises:** 1x 2%, effective April + +**Rent:** $775 (2 BR Apt, $1550 split with partner) + +**Gas:** $3.15 - $3.85 / gal + +**CC Available:** $12,400 (4 cards) + +**CC Debt:** $10,000 (81% Used) + +**Avg CC APR:** 22% + +**Credit Score:** 630 + +**Car**: $455 ($250 car, $205 insurance) + +**Phone:** $105 + +**Step 1 – IMMEDIATE Reduction in Monthly Costs** + +**TV (Saved $130/month)** + +I dropped my DirecTV bill ($150+ a month) at the end of 2014. I had to pay a couple hundred bucks for the cancellation, which was fine, as I saved that much after a month and a half of no service. With the internet a practical necessity, and Netflix/Amazon/Hulu, I substituted $150 in cable for what is relatively $18, since I consider the free Prime shipping to far outweigh what we pay (as a household) for the service. We also barely watch Amazon streaming, so I don't consider this paid TV for this purpose. I also found an antenna on sale for about $40 purely so I could watch some sports. + +**Phone (saved $50/month)** + +The first thing I did was call and change my phone plan. I was grandfathered into unlimited data as long as I had stayed with the rate that I had been paying. However, when I looked at my usage I found that, primarily because I'm usually connected to WiFi, I was using less than 3GB of data a month. Switching from my old plan that was around 7 years old, I went from $105 a month to $54 a month. + +**Insurance (saved $50/month)** + +While I had various driving related issues on my record, my insurance for my leased civic started at around $205 a month for the year. I was about to start shopping around, wherein I found that by switching companies I could save around $60-75 a month. However, due to some bad history falling off, safe driver, etc, my insurance ended the year at about $154, and they've been great in helping me take care of some issues I had along the way, so I didn't feel the need to change. I would say, though, that anyone looking to save money should shop around, as switching companies will result in a money savings the majority of the time. + + +**Step 2 – Planning and Preparation** + +**YNAB – You Need a Budget ($65)** + +I spent money to buy YNAB. It's a tool that was highly touted, and since I didn't really need some of the features of Mint, and YNAB was so user friendly (the phone app is too easy), I figured the $65 would not be really frivolous, but instead would be a valuable asset on my road to recovery. Being able to track every dollar I spent was not necessary sometimes, but having the underlying responsibility and commitment to myself in the background forced me to change the way I viewed my money. + +Also, using the Reporting function on YNAB let me SEE my progress month after month...ok to be honest I checked it like every few days...but SEEING the progress helped keep me on track. I watched the trend move month after month, and this is what I saw at the end: https://i.imgur.com/bLlQ1dK.png + +**Excel – Short Term Predictions** + +I created a spreadsheet in Excel that tracked all of my cards separately as well. While YNAB does allow you to budget, it does not effectively help you plan down to the days of the month. With payment due dates, bills, etc, I needed a way to not only TRACK my money, but to PREDICT where my accounts would be on any day. +This would prove absolutely crucial, as it let me make massive payments without fear of overdrafting or any other bad news pop ups. There were times when my checking account was as low as $20. This didn't really matter, though, because I knew where my money would be days and weeks later with no surprises. + +**Come Up with a Payoff Plan – Snowball, Avalanche** + +I needed to decide how I was going to tackle this debt first. Through a series of taking care of partners, bad choices, and various life events, I went from having a 785 credit score and 9% APRs to about a 630 and maxed out 19%-25% APRs. I messed around with unbury.me for a little bit, and determined that the course of action would be to tackle the highest APR first. However, my plan wasn't all the way conventional. + +Balance, APR - $2,000, 23.99% + +Balance, APR - $2,200 22.90% + +Balance, APR - $3,586 19.99% + +Balance, APR - $2,200, 22.90% (Cash Rewards Card) + +**Create TINY Emergency Fund - $1,000 Break Glass for Disaster** + +First thing I did was change whatever money I had over to my checking account, and put $1,000 in a savings account. This is something I did not touch for the entire year, thankfully, even after paying for car maintenance, fun times, or gift buying, or anything else that came my way. + +**Zero out 401k Contributions – (Employer Profit Share, NO 401K match)** + +Since my employer doesn't do 401K matching, I had no incentive to keep putting money into my 401K. If this service is available from your employer, do not stop contributing to your retirement funds. I did it solely because there was no extra money to be gained in the short term. If I had matching, I would have saved money elsewhere (like food, see below) and still maintained retirement contribution funding. + +**Create a Budget** + +I used YNAB to set up a budget to TRY to stick to. I set a lofty goal of paying off $1,000 in credit cards every month, and worked my budget DOWN from there. I had the complete understanding that I would probably not hit this mark, but it forced me to find out where I didn't really need to waste money. I would barely make this work by the end, through a series of monthly ebbs and flows, but only as an average. I hardly ever hit the $1,000 mark. +This would entail paying off $1,000 across all cards. Effectively this would be about $175-200 in minimum payments, and the rest of the $800 all to one card. I often would miss this goal. + + +**Step 3 – ACTION** + +**How to Control Spending – Using Cash Back Rewards Cards ONLY** + +Even though I had the idea to pay down my highest interest first, the first thing I did was put my first big payment onto my cash rewards card to clear up room. I opened a Capital One Quicksilver with a 1.5% cash back reward at the end of 2014, and made it an effort to use this card for 95% of my purchases. I also have a Chase Freedom that has 5% cash back on rotating categories, which I would swap out to use during certain times of the year. This was moreso a mental thing, as it let me feel like I was actually earning throughout the year, even though I was paying every dollar I had to my name to credit debt. Additionally, I netted just around $450 in cash back rewards by Dec 2015. + +**How to Control Mental Stability – Won't Always Hit the Goal** + +As the months started to wear on, I had to change my budget little by little. I knew by month 3 that paying $1,000 straight to credit cards every month wouldn't work. Luckily by being paid every 2 weeks instead of twice a month, I knew that there would be a month in the middle and end of the year that I would be paid a third check. I used the majority of these checks to "catch up" on payments. + +**How to Control Emotional Stability – Allow yourself some joys in life** + +VISUAL REPRESENTATION OF HOW I SPENT MY FUN MONEY: https://i.imgur.com/FddeIrY.gifv + +Knowing that having a goal to pay this off in a single year was going to put me far away from some fun things, I focused on and took some liberties whenever something would come up. I would do cheap happy hours with coworkers, I would still buy cheap fun things ($20-40 board games that I can play with my GF, a gadget here or there), and I would definitely allow myself to go out to dinner or go on date night with my GF a few times a month. +Using YNAB tracking, I realized that I STILL went to eat out to the tune of $300 a month. This, for all intents and purposes, was frivolous fun money. There was no need to spend this much if I had truly cared to reign it in, however food and service in Southern California is not cheap, and I was determined to enjoy myself and my friends and my GF throughout the year. + +If I had been in uncontrollable debt, or anything more than what I was, I would have cut out eating out to once a month. Luckily my situation was controllable, and I allowed myself the flexibility and peace of mind to swap certain things for the possibility by a month or two. Ultimately, I still paid off my cards in under a year. + + +**Step 4 – Watching the Weight Fall Off** + +**The Beginning** + +The first milestone was in March, when I was able to completely pay off my first credit card. This was a major relief, and an acknowledgement that I may actually be able to pull this off. After this first card was down, all I thought about was the next one biting the dust, and the next, and the next. + +**The Middle** + +My next payoff was in June. Again, I wasn't hitting my $1,000 mark every month. The realization of that in the beginning allowed me to maintain some sense of self, not feel 100% beholden to the debt schedule, and when the milestones hit, they felt FUN instead of RELIEVING. Once I hit this point I really felt like I had it all in control. + +**The End** + +By November I made my last payment. My last. Payment. $10,000 in UNDER a year. I spent some money, I had some fun, I enjoyed myself and my friends, and I paid off the entirety of my credit debt. Un. Believable. + + +**Step 5 – The Aftermath** + +2015 Chart: https://i.imgur.com/bLlQ1dK.png + +At the end of the year as my debts started to become $0, I noticed a major influx of credit line increases and credit score increases. In the span of that year my APRs dropped, my credit score rose by about 80 points, and my available credit was nearly doubled, all WITHOUT a phone call, an email, or any effort to do so. The credit card companies are DIRELY missing the thousands of dollars I've been paying in interest, and they want me BACK. They have repeatedly raised my credit limits and dropped my interest rates over the past couple of months. + + +**Year Beginning/End** + +**Phone** + +Jan 2015 - $105 + +Dec 2015 - $54 + +**TV** + +Jan 2015 - $150 + +Dec 2015 - $18 + +**Car Insurance** + +Jan 2015 - $205 + +Dec 2015 - $154 + + +**Credit Available, Credit Used** + +Jan 2015 - $12,400 / $10,000 + +Dec 2015 - $22,900 / $0 + +**Credit Score (Don’t have my final quarter available yet, but I assume it will increase again)** + +Jan 2015 – 630 + +Oct 2015 – 705 + +**Cash Back Rewards** + +$450 + + +**FINALE** + +In short, I was able to pay off $10,000 in credit card debt with a $55,000 salary (2% raise) in SoCal in a year by immediately removing paid TV, changing my phone plan, and lowering car insurance. I set aside a credit card to use for all purchases that had 1.5% cash back, which gave me some gift money for Christmas, and let me feel like I was earning throughout the year even though I was paying out every dollar I had. + +Throughout the year I let myself understand that some months I would only be able to afford 60-70% of my goal, but that was ok. In the end it all worked out. + +I hope this helps someone who is on the fence or who often gets discouraged by stories of people with 6 figure incomes who can't control their wealth any more than we can. IT CAN BE DONE. And it might be easier…and "funner"…than you think. + +**EDIT** + +Couple things. First off, I would not always suggest that one should cut all retirement savings in the hunt for debt resolution. There were a couple factors that went into me making this decision, one being that my APRs on my credit cards were astronomical. I would suggest spending some time looking into your personal situation and what your company and/or personal gains/losses would be before forming your plan. + +Secondly, thanks for all the positive responses! As for the negative responses telling me "oh yeah just pay off $10,000 in a year thaaanks"......I get it. It's the internet. Understood. Please save your breath and your fingertip typing tire tread. I simply made this post to give a take on an Average Joes mental and physical tackling of a very common problem, and honestly to call it what it is, lifestyle. I'm just hoping to let people know who were in my situation or in my state of mind a year ago that it's possible to get it taken care of, even in an average situation. + +Thirdly, LOL I am not a shill for YNAB. It just seemed to be a better fit for me than Mint. I spent some time on PF reading and looking at people's stories before I chose it. The main point of this for me was that it held me accountable! Having this little app on my phone requiring me to put all my expenses in, looking at charts and budget tables every week, and seeing negatives where I overspent was like having a little gremlin on my shoulder every time my wallet came out! It was instrumental is changing my perception of money...MY money...the money I earn! And deserve to keep. + +**EDIT - Clarification on Take Home/Budgeting Clarity** + +People seem to be asking about my take home a lot, and I think it's a very valid point to hammer home. I was bringing home $1,480 * 26 = $38,480 / $55,000 = about a 30% withholdings (taxes, health, etc). Again, this was at the beginning of the year, and I got a COL increase of 2% a little over quarter of the way through the year. + +**As I mentioned in the OP, I get paid every two weeks, NOT twice a month. This equates to 26 paychecks per year. What I did was budget to the tune of two paychecks a month ($1,480 x 2 = $2,960) and not factor in the extra check that would come around in July and in December.** The third paycheck on December 31 paycheck would end up not mattering in this instance, as I had already paid everything off by the beginning of December, however the third check I got in July went to car registration ($200), GF's birthday spending (Aug), some fun activities, and an extra payment dollars towards the card (I believe I put in an extra $500 out of this? Along with the monthly. Whatever was left over (wasn't a lot) I let sit in my account so it had more than $20 :). + +Had I not gotten this extra payment, I still could have spent the same in August and finished the pay-off in December, however **this wasn't extra cash. This was a budgeting decision.**. I decided to budget only off of $35,520, not my annual take home of $38,480. This was primarily an emotional facet, as the money was coming to me either way, but in an effort to reel in my spending habits, and to experience some joy over the Summer, I chose to not budget for that third check in July. + +**EDIT - Excel Tracking Example** + +http://i.imgur.com/wnpwfwX.png + +**Excel File Dropbox Link** + +https://www.dropbox.com/s/bv38oxylouziuap/Account%20Balance%20Forecast%20File.xlsx?dl=0 + +This is a portion of how I tracked my ACTUAL cash flow in/out, regardless of budgets/budgeting software. **The budgeting software helped me allocate, while Excel helped me track.** I hesitate to post the full document, as I'm not sure how useful it would be to anyone else's situations, but I'd be willing to help someone get one together for themselves if it would mean getting them on the right path to debt resolution TODAY. + +I'll attach a screenshot of one of my Excel sections that I used to forecast my money. I also did this in the same worksheet for all of my credit cards. + +As it may be confusing to some, I'll break it down a little bit. You'll see in it that I have a salary paid, rent and bills paid, and then future forecasted payments (in gray). We'll have the Chase payment (this was minimum +~$5), the Cap One payment (this was THE card I was paying down at the time), plus a Quicksilver payment for a large amount. This Quicksilver one was NOT paying down debt! It was simply paying down the amount I had used during the month of March, as I used that card for 90%+ of my purchases to accumulate cash back rewards. This is how I tracked not only where my money was going, but where it would be on a day-to-day basis. + +**This also REALLY helped me see how much money I DIDN'T HAVE!** By March 26 I would have $3,500+ in money in my account. Normally this would be telling myself hey, I can definitely afford to buy something worth a couple hundred bucks! But no.......now we see by April 3, literally a week afterwards, my account would only have $193 in it. + +Again, this is just an example of how I did it. I would set it up differently depending on needs, accompanying software, and personal setup. +I was dumb enough to believe in the whole “sign up and I can show you the way” crap. These people keep charging me for a service that I don’t use and they decided to BLOCK me instead of giving me a refund for the charges they make to my account. I cancelled my subscription to his server months ago but they refuse to refund me or cancel my account. + +EDIT: OM UNBLOCKED ME ON DISCORD AND HAS PROVIDED PROOF OF A REFUND. Still wouldn’t recommend joining the server though that’s harder to leave than join. + +Updated EDIT: OM feels it’s necessary to repeatedly call me a coward on discord for this post. Is this your God? +Hey guys, noob here. + +I’ve a small separate account dedicated to “safely and slowly“ making money off of options. + +I understand the motto of this sub is mostly tongue-in-cheek, but still, I can’t shake the idea that there is a “safe-y” way to make money off of the GME/AMC/CLOV types: people who artificially inflate the price of businesses with no/low prospects, hoping they won’t be the last fool in the buyers line. + +For you guys who sell options on these stocks without taking humongous risks, do you mind kindly detailing what you do that does justice to this subs motto? +Just got the e-mail: + +Hi there, + +We’re saddened to share that we’ve made the difficult decision to postpone our UK launch indefinitely. We'll be closing our waitlist and taking down our UK website shortly. + +The world has changed a lot over the past several months and we’re adapting with it. On a company level, we’ve come to recognise that our efforts are currently best spent on strengthening our core business in the US and making further investments in our foundational systems. + +Since we announced our intent to launch in the UK, we’ve been fueled by your excitement for Robinhood and humbled by your response. We’re sorry that we cannot deliver the product we promised you this year. + +Although our global expansion plans are on hold for now, we will continue our work to democratise finance for all and we look forward to the day when we can bring this mission to the UK. +Sincerely, +The Robinhood UK Team +I'm interested in what people spend big bucks on and what they skimp on. + +I spend big on shoes and bags because the quality is better and they last longer. + +I am generous. I don't skimp on presents or things for my small circle of loved ones. + +I don't spend big on clothes as I lose interest in most of my wardrobe within a couple of years. + +I spend on TV subscriptions as I think they are cheap for the entertainment - I remember going to blockbuster on a Friday night in the 90s when new releases were $6 so I feel like tv subscriptions are good value for money. + +I don't skimp on my son's learning. I pay for weekly spanish classes, educational toys and anything that will enrich his development. + +I spend big on my house - life is short. I live here. I want it to be nice. + +I skimp on cars. Get me from A to B and I'm happy. + +You? +https://www.bloomberg.com/news/articles/2019-06-26/faa-finds-new-risk-on-737-max-and-orders-boeing-to-make-changes + +There was a [recent discussion](https://www.reddit.com/r/investing/comments/c3x8st/with_cover_ups_trashed_brand_grounded_aircraft/) on why Boeing isn't lower so maybe this will do it? It still has its moat but there has to be some comeuppance for all those deaths +Good morning Apes! + +If you guys regularly follow along and haven't had a chance please check out my latest DD's + +[Buy and Hodl: The Guide](https://www.reddit.com/r/Superstonk/comments/pj90o7/buy_and_hodl_the_guide/) + +[T+69](https://www.reddit.com/r/Superstonk/comments/pk1g5d/t69/) + +I think reading this is inherently important as we stare down this week of expected price action to give a better Idea of what apes are looking at moving forward and why the strategies employed by retail are so effective. + +I will be streaming earnings after market close today and doing a follow -up Q&A. But please make sure to drop by GameStop's official stream and drop a like and subscribe. + +If you want a more in-depth look at this weeks TA [check out the weekly DD](https://www.reddit.com/r/Superstonk/comments/pjci7o/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +[Exit DD](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) for those that want an idea of what to expect + +(save these links in case reddit goes down) + +*(this post will read from top to bottom)* + +(*feel free to ask me questions below, but if you can google it yourself please use common sense)* + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (previous ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180.5, 182.5, 185, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (new ATM offering) 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-Market and Earnings + +Well we closed up the day right at 200 just shy of the gamma ramp. I still expect that significant covering must be completed by 6:15pm market time, tomorrow. Earnings were far better than expected while EPs came in slightly under expectations that loss per share was definitely outweighed by the positivity of what that money was used for; + +* 3 confirmed new order fulfillment centers +* A new customer service center here in the US opening in Florida +* 25% growth in quarterly profits +* 50% reduction in losses since this last year +* New hires in the technology side of the business +* Shit we didn't even lose money on the jet +* NO FUCKING SHARE OFFERING !!!! + +If the SHFs were banking on spinning this negatively they are gonna have a hard time. I honestly couldn't have hoped for a better outcome. They are spending money to turn this into the business we knew Cohen would create and are making massive leaps in that progress. Yes I saw the 10Q... + +>To the extent aggregate short exposure exceeds the number of shares of our Class A Common Stock available for purchase on the open market, investors with short exposure may have to pay a premium to repurchase shares of our Class A Common Stock for delivery to lenders of our Class A Common Stock. Those repurchases may in turn, dramatically increase the price of shares of our Class A Common Stock until additional shares of our Class A Common Stock are available for trading or borrowing. This is often referred to as a “short squeeze.” + +Tomorrow should be an interesting day, thank you all for tuning in the amazing support and 10k subscribers, you have all been an amazing part of this journey for me and I will never be able to express the extent of my gratitude. + +\- Gherkinit + +https://preview.redd.it/oyi47yafscm71.png?width=1967&format=png&auto=webp&s=6b68016e11a709faeb0db7e50fde60191740ca4e + +Edit 6 1:44 + +Failed that test at the trendline and are now sitting just under VWAP with lower volume + +https://preview.redd.it/dpbbtqjygbm71.png?width=1570&format=png&auto=webp&s=d3cff511ee65510986b3f1da45f2b7ff82e672b7 + +Edit 5 12:69 + +Crossing VWAP now... volume picking up + +https://preview.redd.it/o7a638pgabm71.png?width=1560&format=png&auto=webp&s=e4257ad33e3e953a02a636a6a9923e200b870abe + +Edit 4 11:43 + +Uptrend breaking...well...to the upside. Bullish divergence is good. With T+69 indicating we should have 3-5 million volume today if that volume is buy side we could see some nice price action still + +https://preview.redd.it/733xnmnevam71.png?width=1551&format=png&auto=webp&s=91b09eb108ac68b061c01dec3abfcad13b111827 + +Edit 3 10:54 + +All they are effectively doing right now is allowing the gamma ramp to drop even lower, calls at 205/200/195 rolling in now + +https://preview.redd.it/k51osipmmam71.png?width=1539&format=png&auto=webp&s=2328ab836da0cd0a79e1a0e959cae89e5be3c1be + +Edit 2 10:23 + +Still dipping steady downtrend for now on lower volume currently @ 1.1M + +https://preview.redd.it/ttbsz46xgam71.png?width=1556&format=png&auto=webp&s=d5c33e00c647358dc884caa29803ba52297998c5 + +Edit 1 9:49 + +Quick test of 205 failed out of the gate either volume dies for the rest of the day or we bounce off this short attack and try again + +https://preview.redd.it/ersdta01bam71.png?width=1566&format=png&auto=webp&s=3761caf1ccf0c5a0a96d42c352aaad00f784957e + +# Pre-Market Analysis + +Volume currently at 24k with another hour till market open this actually looks pretty good. However the shorts are definitely ready to stamp out any FOMO that may come in with earnings. There are 235k shares borrowed this morning and another 818k available between Fidelity and IBKR. We still have an unfilled gap around 211-214 which could be relevant if we start climbing. The shorts really put themselves in a tricky position yesterday by not holding the price up at 210 a little better. Allowing long funds and retail to buy cheap weeklies in the 200-215 range further filling in the low end of that gamma ramp. + +[pre-market on the 1m](https://preview.redd.it/9j2q0h3iy9m71.png?width=1549&format=png&auto=webp&s=52446c8dc07368a7c884dd3f06d6a383542a738a) + +No notable arbitrage this morning\* + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +My boyfriend started a new job in October and left work early on Monday because he was informed that his brother was in a car accident and went to the hospital to go see him. He of course let his managers know, and told him that if he was not there he would recieve a point, which he was fine with. He went into work the next day anyway and they escorted him out saying that he was not allowed to be on the floor until HR figured if he left for valid reason. He still has not been to work. He is out an entire week of no pay. + +Come to find out that you are not allowed to just leave during your shift for any reason, but even his managers said that his reason for leaving was valid. He makes the most of the household income as I am a full time student while working part time. Do you think he would be able to file for unemployment? Please let me know if I should share this in another sub as well. + +We reside in Indiana + +Edit: Hello all, thank you so much for all the advice! So they did not call him yesterday and his job is closed on weekends, so he is just going to attempt to apply for unemployment while also look for another job. I cant reply to everyone but here are some common questions I saw: + +1. So he works at a bakery factory, and they have a PTO policy where when you want to use PTO or take a day off, he has to put in the request 2 weeks before he takes that day off. + +2. His managers told him that HR is really slow and it might take a while to get back to him, and to just hang tight + +3. I agree that this is a dumb policy and so does my boyfriend. God forbid an emergency happens again and they actually fire him for it. I am going to try to find his handbook and look up the policy for leaving during shift. + +4. My boyfriend has an hourly position + +5. In regards to his brothers accident, It was more of ("hey your brother got into a really bad car accident. His car is totaled and he was admitted to the hospital, is unconscious and has some serious trauma to his head and neck." So I would see why he would leave. I guess I should add the ride to the hospital was 3 hours away) +Hello Everyone! + +It's been a bumpy ride, but every rocket has some turbulence! After some issues uploading the winner files, I have finally gotten everything sorted, as such, I am ***over the moon*** with excitement to bring you your new community awards!! + +# Everyone, please give it up for your winners! 👏🎉 + +![gif](04kkdrurixl71 "I have waited so long for this moment. +") + +|Winners|Award Title (See awards below)|Winnings| +|:-|:-|:-| +|1st u/Luma44|**You Wrinkled my brain**|Community Award: 5000 coins. 1 year Reddit Premium| +|2nd [u/smoothaped](https://www.reddit.com/r/SuperstonkAwards/comments/p7q2jq/smooth_brain_award_by_usmoothaped/)|**Smooth Brain Award**|Community Award: 2000 coins. 1 year Reddit Premium| +|3rd [u/GlassGoose4PSN](https://www.reddit.com/r/SuperstonkAwards/comments/p7rky8/chair_man_by_uglassgoose4psn/)|**Chair Man Award**|Community Award: 1000 coins. 6 Months Reddit Premium| +|4th [u/Gerdione](https://www.reddit.com/r/SuperstonkAwards/comments/p7romf/superdiamondgrip_by_ugerdione/)|**SUPERDIAMONDGRIP**|Community Award: 1000 coins. 6 Months Reddit Premium| +|5th [u/bamblebae](https://www.reddit.com/r/SuperstonkAwards/comments/p7ppvk/all_seeing_kitty_by_ubamblebae/)|**All Seeing Kitty Award**|Community Award: 1000 coins. 6 Months Reddit Premium| +|6th u/MrFerno|**Where's Ken**|Community Award: 1000 coins 3 Months Reddit Premium| +|7th [u/pablobend](https://www.reddit.com/r/SuperstonkAwards/comments/p7q4to/proof_or_ban_award_by_upablobend/)|**Proof Or Ban Award**|Community Award: 500 coins 3 Months Reddit Premium| +|8th [u/DewyOtter](https://www.reddit.com/r/SuperstonkAwards/comments/p7qu56/jacked_to_the_tits_by_udewyotter/)|**Jacked to the Tits**|Community Award: 500 coins 3 Months Reddit Premium| + +Edit: We are aware that the gif awards are not working right. I am in touch with the winners to work on a solution. Seems to be an issue with Reddit, as we have tested their own animated award files and they will not upload properly either. \*stay tuned\* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Please stay tuned for these new awards, I will be uploading them right after this post goes up. If you'd like to walk down memory lane, I will be reopening the r/SuperstonkAwards sub, though please note that the winners are set in stone and that this is only being done so that we can have an archive of all the awesome art. + +Also, after much thought, it didn't feel right for any of these amazing submissions to be Mod-Only Awards. They were made by the community, for the community. The only downside to this change is that the awards will not be able to grant premium to the recipients, but I feel that is a rather small drawback if it means more people can gift them. That said, if there is a large outcry for this change to be reversed, we can consider it-- I felt this was the better way to go, but I can be wrong sometimes 😅. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +[Luma44](https://preview.redd.it/2llnoimgixl71.png?width=512&format=png&auto=webp&s=a4af2120fa7416c477496aca70f72d40f431225a) + +&#x200B; + +&#x200B; + +[Smoothaped](https://preview.redd.it/48ff8ioiixl71.png?width=2000&format=png&auto=webp&s=b0305529b6f457c967f45a3ef20b4e9696982457) + +&#x200B; + +&#x200B; + +[GlassGoose4PSN](https://preview.redd.it/jg5h35kjixl71.png?width=512&format=png&auto=webp&s=9a7ba9b9f11982fbb7f01afd0b7462881bda49b4) + +&#x200B; + +&#x200B; + +[Gerdione](https://preview.redd.it/qjml3dikixl71.png?width=1024&format=png&auto=webp&s=ce9e738ee6ec281966fb692c2157c0880c1b538b) + +&#x200B; + +[BambleBae](https://preview.redd.it/00cgsvblixl71.png?width=740&format=png&auto=webp&s=abdb767065c8f8255281b8fa2e8f78b087dc2a4f) + +&#x200B; + +[MrFerno](https://preview.redd.it/e5c8ko3mixl71.png?width=512&format=png&auto=webp&s=828f87803ca2646783a30494d34c5a730ba3ca91) + +&#x200B; + +[Pablobend](https://preview.redd.it/bfvn4xvmixl71.png?width=512&format=png&auto=webp&s=117656c457611a7a16a05766f46cbe25969bc9ba) + +&#x200B; + +[DewyOtter](https://preview.redd.it/us8wsainixl71.png?width=1024&format=png&auto=webp&s=bfacf4998a83f1fe415929c738884e14c8ce061a) + +&#x200B; + +TL;DR: New Awards, have fun! +Hi Everyone - + +I am at a crossroads and wondering if I should get into the rental property business, or if it’s better to sell my home and invest the money elsewhere. + +Here are some numbers: + +Home I live in: Paid off in full condo, valued at $550k +HOA: $250/mo +Property Taxes: $6500/yr +4 Bd, 2.5 Bath, 2 car garage, 1600 sq. Ft. + +Likely Monthly Rent - $3000-$3500 (modest estimate) + +I would prefer to hire a property management company to deal with the tenants. + +I have enough saved to purchase my second home and put 20% down. I’m looking at a home valued at $800k (unfortunately I live in So Cal and things are a bit pricey as I’m sure you’re aware). I would live in this second home, and rent out the first. + +I can afford to pay the mortgage on my second house, and do not need to rely on the first property’s rent. + +Any advice would be appreciated. From what I’ve read, I have doubts about whether the rental income is worth it. My gross rental income would max out at $42k per year, and that’s before any expenses. Again, modest estimates. + +Edit: Several people have asked what I would do with the proceeds if I sold the home instead. Truth be told, I don’t know. I could invest the money, or put it toward the down payment on home #2. I would prefer to invest, but know little about that area as well. Thank you to everyone so far for their advice. + +Thank you for your help & advice! +Hey guys, curious what you guys usually do in this situation. + +&#x200B; + +So I bought a lot of houses with cash I had saved as well as from selling and retiring from the restaurant business. + +&#x200B; + +Since then, I've been mostly living off rental income, but I'd like to pull money out of 5 homes that I own free and clear. Approx total value of $890k (a mixture of SFH, Condos, and Duplex). I'm thinking of getting back into the restaurant business because I'm quite bored. + +&#x200B; + +I currently have three 30yr fixed mortgages (ranging 3.25-4.5%). My primary residence, and 2 SFH properties. + +&#x200B; + +I've spoke to some banks (so far I've only talked to the big ones like USBank, Wells Fargo, etc...) and they all seem need to see a lot of personal income. I've got my rental income but due to carry forward losses and other stuff, my taxable income is quite low. + +&#x200B; + +I've had a friend tell me something about moving the properties into a company and using commercial loans. I've also heard that small bank HELOCs might be easier, especially with lease agreements (all my properties are rented out). + +&#x200B; + +Currently all of my properties are on my personal name, as I acquired them over time when I found good deals, starting in 2012 all the way to 2017. Never though about moving them into LLCs, though obviously there is some liability benefits to be had there. + +&#x200B; + +Any advice on what a good way to "unlock" the cash sitting in my homes would be? + +&#x200B; + +Thanks advance! +About a year ago, crypto was on absolute fire and people were making bank. + +**Enter SQUID** \- a coin in no way affiliated with the popular netflix show. + +With an elaborate hoax website and a twitter handle, the token launched on the Binance Smart chain. Clueless and degenerate investors were drawn in on the basis of their funds somehow being part of an actual competition like the series - a winner take all. Last one standing etc. + +Seasoned investors however, were quick to identify it as a scam through its obvious tokenomics, meme like status, and websites like [honeypot](https://honeypot.is/). Even the project's own website was full of typos. + +The scam coin was listed on Pancakeswap and loaded with a tiny bit of liquidity for a few measly cents on Tuesday 26th October. Over the weekend, that price shot up to $38 as gamblers jumped in. By the following Monday, it peaked at more than to $3100. + +Then bang. Zero. + +[SQUID chart on Poocoin.app](https://preview.redd.it/oqxnigcso4w91.png?width=2880&format=png&auto=webp&s=0f05488f8aff0f5c0eaf653a60bbe914eb6964b5) + +Six days after launching, On November 1st, the token had gone from basically nothing to $3k each, and back to nothing again. + +Rug completely and effectively pulled. Developers pulled out all the liquidity. The rugging was even caught live by a Twitch streamer. Seriously, check out the [video](https://www.youtube.com/embed/CpR2kMxy7O8) \- it's brilliant. The final send off from the devs was an announcement posted on Telegram that they had [abandoned the project](https://coinmarketcap.com/alexandria/article/binance-investigates-squid-game-themed-crypto-scam) because of "scammers". + +>“Someone is trying to hack our project these days. Not only the Twitter account but also our smart contract… Squid Game Dev does not want to continue running the project as we are depressed from the scammers and \[are\] overwhelmed with stress.” + +&#x200B; + +**The fallout?** + +Everyone got [rekt](https://m.economictimes.com/markets/cryptocurrency/from-2800-to-zero-in-5-minutes-how-investors-lost-millions-in-cryptocurrency-inspired-by-squid-game/amp_articleshow/87501855.cms). Nobody could withdraw anything. It was simply all gone. + +>More than 40,000 people still held the token after the crash, according to BscScan, a blockchain search engine and analytics platform. + +The identities of its creators were never determined. The website was taken offline. Emails sent to the developers bounced. The social media channels were shut down. The Twitter account turned off direct messaging and replies. + +BscScan identified some [wallets](https://bscscan.com/address/0x71d934aa2119ca3995f702f075d540f7a6b0f728) as being associated with what it called a “rug pull” of Squid. One of them swapped $3.38 million worth of Squid into BNB and then sent it tornado. Never to be seen again. + +**One year on...** + +Incredibly, as is sometimes the case in crypto, the coin is still alive. Sort of. It is now completely uncontrolled and is nothing more than a community token passed around for random speculative trades. A quick glance at [Coinmarketcap](https://coinmarketcap.com/currencies/squid-game/) reveals plenty of interest with the token. Many even believe the one year anniversary will lead to a big gain. +https://www.cnbc.com/2019/09/06/us-nonfarm-payrolls-august-2019.html + +Nonfarm payrolls increased by just 130,000 in August, in large part to the temporary hiring of Census workers. + +The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. + +July and June job figures were also revised lower. + +Average hourly earnings increased by 0.4% in August and 3.2% over the year, better than expected. + +Excluding government hiring, private payrolls grew by just 96,000, the lowest pace since February. +**Introduction**: This post is part of an ongoing monthly early-retirement series that will continue indefinitely, provided that the voting reflects the view that it is still seen as relevant to the community. I suppose that this is my way of giving back to a movement that helped me tremendously on my journey. A background summary is offered in the final section and repeated every month. Please check there to find answers to potential questions. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772 with a withdrawal rate of no more than 3% ($30,773 per year in 2017 dollars). I have decided to recalculate a new 3% withdrawal rate maximum value at the end of each year based on the new year-end balance, provided that the portfolio remains above $1M. Should the portfolio drop below $1M, I will lock back into a maximum $30k/yr withdrawal until the market recovers. I realize that this is not how your holy Trinity works, but since 3% is well within historically safe territory for indefinite portfolio survival, and since our withdrawal rate has actually averaged below 2% thus far due to additional income, we have some flexibility. Side Question: Does this spending model already exist, or am I required to name it as its creator? + +**Spending**: Living expenses for the month ($4092) were $1528 over the 2017 monthly targeted amount of $2564. Our spending was 59.5% over budget for the month, now 16.2% over for the year. We generated $792 of income from my wife's part-time fun job at the library and some of my old book royalties. Our investment withdrawal was $3300 this month, thus our pro-rated annual withdrawal rate is 3.66% for the month and 2.19% for the year. Without the additional income stream, our pro-rated annual withdrawal rate would have been 4.79% for the month and 3.49% for the year. + +**Investments**: The portfolio went from $1,080,121 to $1,101,683 (a 1.99% increase for the month), which dropped down to a new total of (drum-roll) $1,098,383 after paying the bills. This is a 7.1% increase from the original starting balance of $1,025,772, even after withdrawals of $11,601 for living expenses over six months. Since retirement, capital income from the investment portfolio has produced the equivalent of a full-time employee generating $80.97/hr of labor income. VTSAX (60% AA) went up 3.0% this month; VFWAX (21% AA) went up 0.4%; VWLUX (19% AA) did what it was supposed to do. + +**Reflections**: Our investments are once again at an all-time high, smashing the $1.1M mark ($1.5M net worth) yesterday and tempting me once more to ease out of the domestic stock market. Spending was up quite considerably due to xmas shopping (some of which will be reimbursed since the in-laws have this weird tradition of buying your own presents and getting money back), marathon entry, two massages, a spike in charitable giving this past Tuesday, a $300 pair of Nike Zoom Vaporfly 4% shoes, and $1000 in Home Depot charges for the cabin lumber. This was not at all a typical spending month, and finalizing the decision to adjust our withdrawal amounts based on new year-end values makes the spending seem inconsequential (unless the market corrects 10% in December). + +**Experiences**: A harmless hillbilly opiate junkie showed up on my porch in a drunken state while I was decorating Walden Cabin. I held him at gunpoint (because I could) with the shotgun until officers arrived. Someone requested a picture of the [cabin](https://imgur.com/a/5hJxx) last month; I do not have any pictures of the junkie. Incidentally, this is the fourth time in seven years that we’ve had to call law enforcement due to trespassing (two intoxicated junkies, one panhandling con-artist, and one drunken hunter) in addition to another complaint against a driver who tried to make us think he was going to run us over while jogging. This is the cost of LCOL in the South. The total bill on the cabin was just under $1000 ($700 PT lumber, $100 shingles, $100 stain, $100 brackets/screws). Someone also asked for a picture of the [house](https://imgur.com/a/WzB6L) we built (seven years old, looks different now). In the discussion section of the previous month, we were talking about the phenomenon of having dreams about forgetting to go to class even though we graduated years ago, and I had one the very next night. Marathon training hit its peak with runs of 20 and 21 miles. I planned two vacations upcoming in 2018 (Middle America and Japan). I played Final Fantasy V (PS1) and read Tale of Genji, but I abandoned both due to a lack of interest. I’m currently playing Chrono Cross (PS1) but don’t know how much further I’ll continue. I renewed our healthcare policy through the exchange and received over $13,000 to pay for subsidies (see below). + +**Upcoming**: The full marathon is December 9. My secret lifetime goal made almost five years ago was to run one in under three hours. All of my preparation efforts suggest that 3:01-3:02 is a best case scenario, but we’ll see. If I can manage a sub-three, I’ve considered becoming a volunteer running mentor for people who are just starting. I’ll be spending a lot of time in theaters because good movies are actually released this time of year. There are two more PS1 games (Xenogears and Dragon Warrior VI) that I would love to play before the end of the year. We’ll be making a trip to the tree nursery and getting a lot of stuff to plant once everything goes dormant in a few days. I have some xmas shopping and tax planning to tackle. I’d like to inactivate my facebook account as well. I’ll also be doing whatever the fuck I want. + +**Background**: I am former retail pharmacist who hated his profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors and doctorate before joining the workforce for nearly twelve years, entirely with CVS. $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). + +I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation is 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My model places no dependence upon supplemental income (future employment?), social security ($10k/yr?), inheritance ($500k?), house equity (no heirs), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + +Our healthcare premiums are covered entirely by ACA subsidies. I do not care what you think of this. The law requires me to have a policy, and I answered all of the questions on the exchange website honestly. My former employer and I paid over $100,000 for health coverage during my career, and we used less than 5% of that. Insurance in the US is no longer a system of protection against unforeseeable, unpreventable circumstances. If it were, I would refuse the subsidies out of principle. The vast majority of healthcare costs are a direct result of a large portion of the population being self-centered irresponsible gluttons without the discipline to maintain a healthy lifestyle. These same individuals want the most expensive care possible and expect the cost to be spread to everyone else on their policies. I find this to be the equivalent of a mandatory insurance program for homeowners in which a large number of policy holders are pyromaniacs trying to burn their own houses down. I will be attempting to recoup my previous losses on health insurance for as long as the ACA exists. + +I am bored to tears with most discussions on SWR, COL, UBI, ACA, SSI, Trinity, insurance, what-if scenarios, financial doomsday preppers, crystal balls, investment strategies, side hustles, lifestyle inflation, market corrections, frugality tips, tax avoidance, my former life as a pharmacist, and even the acronym FIRE. When you’re new to the topic of early retirement, all of that stuff is very exciting. When you’ve run the race and crossed the line, not so much. This is a public forum, and I’ll likely read what you have to say, but please don’t expect much in the way of a response if it’s a question that I or someone else has answered a million times, especially if you’re just offering an unsubstantiated claim about my personal situation that demonstrates willful stupidity. It happens every month. I am however willing to clarify anything and discuss topics that I find to be of more interest. I genuinely appreciate all the congratulations and well-wishers. + +https://www.ft.com/content/4a6494e2-7fbe-11ea-b0fb-13524ae1056b + +> Whenever things went wrong growing up, my dad would tell me, “What doesn’t kill you only makes you stronger.” Dying was supposed to be the worst-case scenario. He never mentioned zombies. But that’s what a bailout for the oil industry would create: zombie companies that can’t earn the cost of staying in business, kept afloat with taxpayer dollars. + +> The oil patch in the US has been hit by a double whammy. The Saudi-Russian fight for market share helped drop the price of West Texas Intermediate, the American benchmark, to just above $20 a barrel. Then came coronavirus lockdowns, and an unprecedented collapse in demand for oil. While Easter Sunday’s Opec+ deal should reduce the supply glut, it is dwarfed by demand problems: WTI fell to around $18 a barrel on Friday. + +> With storage facilities near full, there will soon be no place to put the oil. Drillers, producers and oilfield servicers will be forced to halt production and lay off workers. Washington is now in bailout mode. The Trump administration offered storage space in the Strategic Petroleum Reserve. The Energy department is developing a plan to pay producers to leave crude in the ground. + +> There are valid economic arguments for a bailout. Energy is an important driver of investment. The last time WTI dropped significantly, in 2015-16, capital expenditures contracted and the US fell into an industrial and manufacturing recession. Employment in the oil and gas sector fell by about one-third. Some say it contributed to the discontent that pushed Donald Trump to the presidency in 2016. + +> But the business model for many exploration and production companies was broken before oil prices fell. Fuelled by cheap credit, US shale producers borrowed heavily to invest in drilling, causing the US energy bond market to triple in size over the past decade. The focus has been on producing quantity to conquer market share and the flood of oil has yielded low returns for equity investors, as frackers reinvested windfalls and raised top executive pay. US fracking pioneer Chesapeake Energy, for example, hasn’t generated a single year of positive free cash flow in the past decade. As debts rose along with oil supplies, a shakeout was inevitable. + +> A bailout would throw good money after bad, propping up an industry desperately in need of productivity gains and consolidation. Instead, the industry should be left to adapt. According to analysts at Rystad Energy, shale producers should be able to cut costs by 16 per cent this year, productivity gains that would not happen with government funding. High-cost or highly indebted small producers — and their infrastructure — should be taken over by larger, solvent companies. While that would result in bankruptcies and debt write-offs, it would reduce financing costs for those left standing. The industry would come out stronger and more profitable. + +> A backhanded industry argument for a bailout is that bankruptcies threaten investors and banks with big losses. That’s the nature of capitalism. Investors take risks and are often rewarded with high returns. Sometimes investments go south and they have to absorb losses, but it’s not a systemic risk. A compilation of annual disclosures by Bloomberg News shows Citigroup, Bank of America, Wells Fargo and JPMorgan are the largest US bank energy lenders. Only about 1 to 3 per cent of their portfolios are exposed to the industry. A series of defaults would hurt, but it would not alone bring down the big banks. + +> Of course the government should offer support for energy workers facing inevitable lay-offs, along with all the other Americans losing their jobs in the crisis. But while many companies closed by coronavirus were healthy businesses beforehand, many in the oil industry were already on a path to failure. This is no time to create zombies. +Next year I’m planning on making very little money from w2 income. I am also planning on selling some land that will have a fair amount of capital gains. For the sake of argument, let’s say my income will be $35k but my long term capital gains on the sale of the land will be $200k. + +Will all of my capital gains be taxed at O% because I made less than $38,600 on personal income or will $1,400 of the land be taxed at O% and the remaining $198,600 be taxed at 15%? + +I guess what I’m asking is if the capital gains counts first before determining the tax bracket or if only ordinary income counts in determining your LTCG bracket? + +I read that the new TCJA tax law has separated the actual gains from ordinary tax brackets so if I’m reading this correctly, the first $38,600 on capital gains is now taxed at 0% where before your capital gains were all thrown into the same bucket as your normal income. Is this how it works? +Admittedly I don't really pay much attention to her ramblings on anything, but I see stuff about her mentioned on here from time to time. + +My aunt is visiting, though, and she loves MSNBC so we've had that on quite a bit for the past few days. + +Liz Warren comes on this morning to talk about the war in Ukraine. Then the topic turned to crypto and how Russia is using it to bypass sanctions, but... + +...literally EVERY point she made was either flawed or completely false. + +How the heck is the crypto community going to achieve true mass adoption when we have people like her in positions of power who are inhibiting progress? + +It reminds me of Andreas Antonopoulos mentioning years ago about how people were so against electricity at first because... + +"IT"LL CAUSE FIRES! EVERYONE'S HOUSE WILL BURN DOWN!" + +***or*** + +"WHY SHOULD WE CHANGE? CANDLES AND OIL LAMPS WORK FINE!" + +The mountain of naysayers just seems insurmountable right now. + +Give me some encouragement, /cc! +I’m a 24 year old Doctor with minimal savings. + +I have the opportunity to work a year or two in Australia for a bump in pay. Obviously the main reason for going would be a change of scenery, new experiences and living in the sun. + +On the other hand, I’ve been offered a gig at a poorly staffed, shithole hospital in one of the UKs least desirable locations. The upshot of this is that there’s silly money involved (6 figures plus) with incentives to reduce tax amount. I could probably do this for a year or two, and when I’m ready to go back into training I’ll probably go back to making half this amount for a few years. + +The question I have for the forum is: would you rather take the year abroad in a tropical paradise coming back with no savings, or do a year or two grafting in a shithole making silly money. + +The huge payout from this job in the UK could set me up for life if used correctly, but at the same rate time maybe the life experience of living abroad could help me too +Hi FatFIRE people, + +As the subject suggests, my plan has been retiring at 50. My plan was always to settle all debts up until 50 and be fully FI, since we started the FIRE journey in our 30s. Now both at early 40s. We live in Europe and don’t live extravagant and work hard to build a NW in the lower FatFIRE tier. + +After retiring I was not planning any new investments and plan was to secure net worth on index funds and live of rental income and CG. However I wonder if people already retired, that had same plans as I did and then opted to actively invest and have leveraged portfolios even then. If so, are you investing in new assets, leverage as before retirement? Curious to learn experience. I would also like to hear from those who either have similar plans or is on the opposite side of this. + +I understand that everyone has different plans for retiring and my wife and I want to be as laidback as possible and focus on our hobbies, do volunteering, travel and re-educate ourselves. E.g. I want to write a PhD and possible seek a tenure at at reputable European b school. Basically we want to limit our stress and with rental properties remaining in the portfolio I expect enough stress remains during retirement. + +EDIT: My own house will remain mortgaged throughout my early retirement and I do not consider this as leverage as it’s not part of my investment portfolio. +Also I would have access to very cheap and tax efficient credit in case I would remain leveraged. +Original post can be found in the german sub "Spielstopp" (All credits to: [u/ronk99](https://www.reddit.com/u/ronk99/)) + +Hello fellow apes, + +as my german friend ( [u/ronk99](https://www.reddit.com/u/ronk99/) ) has not enough karma to post it here, I'll do it for him. He tried to place a limit-order for our / his most loved stock. After noticing that his limit order was deleted and he contacted the support afterwards, they spoke of "corporate actions" that can occur when a company is planning a possible dividend and the limit order is deleted due to possible volatility in order to protect his invested capital. + +&#x200B; + +Translation of the original support text: + +*If a corporate action is pending for a company, all open orders on its shares are automatically deleted.* + +*This is a protective mechanism that is intended to prevent the unintentional triggering of orders due to spontaneous and strong price outbreaks. You can easily set the order again, there will be no additional costs.* + +\--- + +Translation of the definition of a corporate action: + +*What is a corporate action?* + +*Corporate actions are events initiated by a publicly traded company that may have a direct or indirect impact on shareholders. For example, an announcement of dividends paid on a company's shares would have a direct financial impact on shareholders, while share splits to facilitate trading would have an indirect impact.* + +Source: [https://capital.com/de/kapitalma-nahmen-definition](https://capital.com/de/kapitalma-nahmen-definition) + +&#x200B; + +&#x200B; + +https://preview.redd.it/w0bp2vykjzs71.jpg?width=1125&format=pjpg&auto=webp&s=af52949f27736766a623276979b193e60e52ad56 + +https://preview.redd.it/kflyuuykjzs71.jpg?width=640&format=pjpg&auto=webp&s=8c8f9cd2bc9db4afbb89f227556cfd1de9d479cc + +https://preview.redd.it/mos0dvykjzs71.jpg?width=960&format=pjpg&auto=webp&s=47a0e04739c2ac44c01b44bb2c135bb15e51ca25 +A good spreadsheet is essential to self-managing your assets. I thought it might be interesting to share my workflow and how I push Google Sheets pretty hard to do it. I’ll include both the info that I track and second how I implement it because I think that’s where the power is. + +The spreadsheet is not in a good place to share right now – lots of hard coded references and trusting the history scrubber is risky to me. I tried to redact it in a way that wasn’t super annoying and note that I did change a few identifiable transactions, so one or two rows might not add up correctly. + +[Dashboard Screenshot](https://redditfire.s3.amazonaws.com/Overview.png) + +First up is my dashboard sheet, which pulls from all of my other sheets to give me a snapshot for the previous month. All of these queries update based on the month value in C6. I track two main income numbers. “Net Everyday” which is job income (W2+RSU+Bonus) minus expenses. This is a rough number for what you should be able to save each month and should ideally remain positive. “Net Income” is that number plus investment dividends. “Statement Net Worth” is the most accurate NW number I can get, which is the sum of account values when monthly statements are issued. + +These figures input into my forecasts. Because income and bonuses can be bursty, I calculate “3mo Annualized Income” to average out a rolling 3 month period, then annualize that to get a number to add to my networth for a 1 year prediction. I like this method because it’s weighted towards recent income (eg. promotion) and recent investment performance (eg. significant gains). As a teaser for our data model discussion, this query is very simple: + +>=average(QUERY('Net Income'!A:BR, "select BK where " & D3)) + +The equation for the 1 year prediction becomes: + +>Statement Net Worth \* market performance + 3mo Annualized Income + +Calculating years towards a goal is also easy. I discount market returns to make this more conservative: + +>Goal - Statement Net Worth / 3mo Annualized Income + +All of these numbers are post-tax by the way. That’s the only way to get apples to apples when comparing income to expenses. When you categorize your transactions appropriately, it’s easy to make these calculations by including or excluding categories. + +The FatFIRE section has all of the normal calculations you expect. You can see the 3mo annualization for dividends happening here as well. This is looking at Q4 which for me is more heavily weighted in dividends. The negative gap number in grey means this number is actually higher than our theoretical number for this quarter but is usually not true for other quarters. I try to minimize dividends, so to get the full FI picture you need to look at unrealized returns as well. This fills up the gap. I try to keep myself grounded with the YoY return vs a theoretical 10%. + +The last piece of situational analysis I give myself is tracking rolling 6mo and 12mo averages for the market overall. I look at these in numerical and graphical form (red/orange/blue line graph). The graph is helpful because interesting things are happening when these lines cross. Green line is 10yr-2yr bond yield. This is updated monthly so it’s not for day trading. + +[Net Income Screenshot](https://redditfire.s3.amazonaws.com/Net+Income.png) + +The next sheet is the workhorse of the sheet. Each cell you see here is a query against a category of transaction. For expenses, I don’t do complicated budgeting but do like to look at trends. The annualized and year to date (grey sections) really help me get a sense of where we are for the year and how changes impact the long term. If you melt the credit card one month, seeing what it would look like if you did that every month for a year is a good shock. Housing here is a roll up of several categories: Housing Principal + Housing Interest + Property Tax + Improvement/Renovation + Public Utilities + Electric. + +Income works the exact same. A few interesting points. By entering in future RSU and known bonus amounts, you can easily see what future income will look like. Thinking about looking for a new job in a year? Now you can easily plan for what you will leave on the table. Since my RSUs are in a public company, the future values reflect the current share price. + +All of my dividends are reinvested, so that section tracks when each of these are paid out. Once we have our expenses, income, and investments calculated, we can calculate our Net Everyday Income and Net Income as defined earlier. The overview page references these values. + +Taxes are self explanatory other than tracking paycheck withholding and estimated payments to get an idea of what the total tax bill will look like. More on that in a second. + +[Positions Screenshot](https://redditfire.s3.amazonaws.com/Positions.png) + +Positions is where the high level equity data is shown. I have many brokerages (they tend to pile up!) so this is a central point for all of their holdings. Managing your assets takes effort, and entering in each transaction is a bit of a chore, but the only way to do this. If you trade a lot, importing may be feasible. I don’t want to give a service like Personal Capital access to each account. + +Calculations by ticker query means you can add up holdings across many brokerages. Situational awareness comes from knowing the percentage a certain position makes up in your portfolio and which are in the green and red. Tax loss harvesting becomes pretty easy when you have this, even if you want to sell in one brokerage and buy in another. + +I use broad categories in order to break down performance and tax implications of the gains. You could get way more specific if you wanted to. + +[Balances Screenshot](https://redditfire.s3.amazonaws.com/Balances.png) + +Balances and Net Worth are two simple tables with a date and value. Net Worth is a sum of all Balances for the month. I find it’s easiest to make these match your brokerage values. For example, if you have a taxable and IRA with Vanguard, make those two balances. Enter these in each month so you can graph them over time. It’s also a nice check to see if your live numbers match your statements each month. Some degree of slop is always going to happen. + +[Brokerage Transactions Screenshot](https://redditfire.s3.amazonaws.com/Brokerage.png) + +Brokerage Transactions and Income Transactions have the same data model, but reflect the separation described above. The key parts are to model share transactions ($112 x 1.345 shares) and cash ($1 x 100) the same way so if you decide to stop reinvesting your math and queries don’t change at all. + +For Brokerage transactions,I treat Buys and Dividends as positives and Sells as negatives. I hold the same positions in multiple brokerages so I think it’s helpful to track which it came from and a comment field is always nice to describe things that might look weird down the road. The positions tab is a summarization of all of these transactions. This is what starts to push Google Sheets to its knees, but it generally catches up after processing for a second. + +[Income Transactions Screenshot](https://redditfire.s3.amazonaws.com/Income.png) + +Income Transactions work the same way, with Income as positive and expenses as negative. The categories here are the most important part. I break each paycheck down into Federal/State Income tax, Social Security, Medicare, 401k contribution, Benefits and Take Home. If it’s a bonus or RSUs, I change the row of the money I receive accordingly but the tax categories stay the same. Mortgage payments are also broken down by Principal, Interest and Property Tax. With a simple query you can now find out how much loan interest you paid vs what that money made in the market or when you’ll max out your Social Security for the year. + +For future earnings, I will model out RSUs into 3 rows (Federal & State Tax + take home) with the live price reflecting their future value in my Net Income sheet. Once the transaction is completed, I will replace the live price with the actual price. If you have bonuses at fixed times/amounts you can also reflect those here. + +I recently started tracking utilities mostly so I could graph out seasonality purely because I was interested. I also realized that because they were directly debited and didn’t hit the credit card, we weren’t reflecting them in our expenses. + +Take away here is: if you want to graph it over time, you have to have a sheet collecting it over time. Some folks like to track quarterly, but I find that almost none of your real life transactions happen quarterly – it’s all monthly. + +[Tax Overview Screenshot](https://redditfire.s3.amazonaws.com/Taxes.png) + +I recently added a tax overview because I was curious about our top line net net tax percentage. Due to the power of the data model, this was just a query with the right categories. I was really easily able to model the cost of any Biden tax changes as well. + +Total wage query ends up being a sum of each paycheck category minus anything with my employer's ticker since that’s tracked in a separate column: + +>=sum(QUERY('Income Transactions'!A:I, "select H where (C='Federal Income' OR C='Federal Social Security' OR C='Federal Medicare' OR C='State Income' OR C='Benefits' OR C='401k' OR C='Take Home' OR C='Bonus') and D <> 'Employer Ticker' and (A>=date '2020-01-01' AND A<=date '2020-12-31')")) + +Sum all dividends for the year? Easy: + +>=sum(QUERY('Brokerage Transactions'!A:H, "select H where (E='Dividend') and (A>=date '2020-01-01' AND A<=date '2020-12-31')")) + +[Tax Payments Screenshot](https://redditfire.s3.amazonaws.com/Tax+Payments.png) + +Tax Payments have their own tab and the data model is a bit different, because half of the time your payment date is outside of the taxable year. It’s a simple change to add a column for that and base all queries off of that. I’ve lived in a few different states so the ticker here is the state, which was super helpful in years where you are paying two. Local taxes like property tax are also tracked in here. + +[Tax Fiscal Year Screenshot](https://redditfire.s3.amazonaws.com/Fiscal+Year.png) + +Last part of taxes is the sheet I have for each fiscal year that is used to sum up all wage income, dividend, and brokerage sales, and whether or not they are eligible for estimated tax. It’s super easy to break these down by quarter with a query, do the tax rate math, and then compare it to any tax payments already made. I do naive tax bracket math here but it’s on my todo list to write a custom function to do the progressive math correctly. This keeps it conservative as a side effect of being lazy. Net Investment Income tax is also calculated here for estimates since ignoring it until April has caused me to be pretty far off the mark in the past. + +Once you get all of this set up, it takes about 20-30mins to do your accounting for the month: + +1. Enter brokerage or bank statement balance +2. Enter brokerage or bank transactions for that month +3. Enter credit card expense when the bill comes in +4. Enter mortgage expense when the bill comes in +5. Enter utilities when the bills come in +6. Enter paycheck break down when it comes in + +What keeps me motivated is to see future income already stacked up and to see how a big bonus or increased savings knock off time to your target. I love to have a month that knocks years off the clock! + +One trick I have found is to calculate a few different date ranges as strings, so you can easily add them onto many queries. For example, B3 in this query: + +>=sum(QUERY('Net Income'!A:BR, "select BJ where " & B3)) + +The B3 reference is a monthly range that is stringified like so: + +>="(A>=date '" & TEXT(C1,"yyyy-mm-dd") & "') AND (A<=date '" & TEXT(C2,"yyyy-mm-dd") & "')" + +Now changing that data logic resides in one place, and you can update the query to be a quarterly or yearly window very easily. + +You’ll see that I make heavy use of cross sheet references, which allows me to treat my Brokerage Transactions and Income Transactions tables as a database that I can query, without running a real database. Once you get the hang of this is really simple. I know you can make named ranges, and that would make it much more readable. I’ll investigate that in the future. + +The last cool thing about Google Sheets, is that it’s updated in the background a few times a day, so that it’s always fairly fresh when you load it. I exfiltrate a small bit of this data via GET requests every time it’s refreshed to a small piece of software in order to do NW trends like day over day, week over week and all time highs. I abuse the IMPORTDATA function to do this and throw away the results. + +>=IMPORTDATA("[https://domain.com/path?value1=](https://domain.com/path?value1=)" & TRUNC(C25/1000,3) & "&value2=" & TRUNC(D25\*100,2)) + +You have to do this elsewhere because the live ticker info is only live, there isn’t a way to store it easily. If you’re a compulsive person, you can use this to put the data into your computer menu bar or a phone homescreen widget or show red/green on a smart bulb. + +What am I missing? What do you do differently? +This literally astonishes me on a daily basis. Especially when people view them as an "environmentally friendly alternative." 50% of US electricity comes from [coal-fired plants](http://en.wikipedia.org/wiki/Coal_power_in_the_United_States). These plants contribute nearly 40% of the total of US CO2 emissions (vehicles are currently 32%). Couple that with the fact that electricity is horribly inefficient to transport (which is why your electricity comes from a local source) and the fact that there is NO infrastructure to support electric vehicles and its even more absurd. + +Its actually and even worse idea than corn-ethanol. + +When will America wake up and learn that the next step is diesel and bio-diesel. They comprise 40% of the market of autos in Europe and are vastly more efficient/clean. Further, bio-diesel can be made from dozens of different products. Lastly, the infrastructure is already there. Every gas station within 5 miles of a highway has a diesel pump. Gradually switching from gas to diesel would be a matter of switching already existing pumps. +My grandmother recently passed. Today I went to her only bank and learned she has a negative balance in her checking account, no life insurance, and owes 40000 on her home that is in a state of disrepair. I can’t afford an attorney to navigate this with me, and have no idea what to do. One of her neighbors is interested in purchasing her home for his family member, but is selling her home my only real option here? +Hey guys. + +I just wanted to do a quick update on my [Missing Bananas post](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) and relate it to some of the Dark Pool DDs that others have submitted this week to kind of drive the point home. + +u/broccaaa had a DD post about [FTDs and Massive Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) . His brain is wayyy wrinklier than mine and the detail of this research is truly amazing. + +One of the big takeaways relating to OTC / dark pool trading can be summarized in this graph from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/): + +[Dark Pool trade data for OTC and ATS trade pool.](https://preview.redd.it/pzrznz27ayu61.png?width=3076&format=png&auto=webp&s=8ddb45e3bd53673db4061e134a5c62969c16dda8) + +u/broccaaa concludes that "Dark Pool activity ramped up massively at the start of January," the "total number of trades more than quadrupled," and "the average trade size dropped to around 50 shares per trade, remaining there ever since." + +This table (also from his [post](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/)), shows the main Dark Pool participants (Shitadel being #1): + +[Total shares traded by firm for OTC and ATS pools since Jan.](https://preview.redd.it/sxua5labbyu61.png?width=3600&format=png&auto=webp&s=842f17ef4ea5c15d559ddf4a61d803d198b8cfe1) + +Definitely take another look at his DD if you have a chance! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +u/Doom_Douche had a great DD post, [A Deep Dive into Dark Pool Trading](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), where he shows how much more dark pool trading is happening with GME compared to other stocks. Again, super wrinkley stuff... + +One big takeaway from this post was that these conclusions were made using an estimated GME float of **54.1 million** rather than the **26.7 million** that we can now deduce from the **GME Proxy**... + +Using this table from his [post](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/), + +https://preview.redd.it/1hnlg27hhyu61.png?width=1440&format=png&auto=webp&s=9eb0a00bf02b090d9d0adc161675d07285c64ab3 + +And making that little adjustment to the updated GME float... + +[Updated GME Float to 26.7 million - 49&#37; of GME float traded OTC](https://preview.redd.it/xqht0ymwjyu61.png?width=956&format=png&auto=webp&s=6fc7e76eb7bb76b585a12f533605bb26e19f2f88) + +Here's an approximation of what the updated graph would look like (Ape doesn't know how to make a new one) + +[Percent of Float Traded OTC - GME vs. Others](https://preview.redd.it/yzd78ydb41v61.png?width=702&format=png&auto=webp&s=7b9972345434869f6bed154027bef492400bb285) + +Yeah... I felt that too! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +**Now for my updated post** + +Thanks u/WSBdickhead for the updated Bloomberg Terminal screenshots. These are all streamlined to include the entire premarket and afterhours (4:00 - 20:00 EST). He was also able to change a few settings on the Default search criteria to include "Odd-lots" and potentially some other black magic that my brain was too smooth to understand. + +Long story short - the "Custom" search criteria in the Bloomberg screenshots now equals the Nasdaq total daily volume. So no more missing bananas??? + +Not so fast... Let's analyze that data a little further. The missing volume is still not reporting on any of the Bloomberg exchanges. So these missing bananas are not even going through the "**FINRA ADF**" dark pool and therefore must be traded through some other **OTC dark pool** that is **deeper** and **darker** than whatever dark pool data is being reported as "**FINRA ADF"**. + +What we see by comparing the data is actually really interesting and I'd love some feedback on how we can use it, and what we can do with it. + +&#x200B; + +**Do we now have a window into the daily OTC / dark pool trade volume???** + +&#x200B; + +Total Volume data (**Custom**) - **Bloomberg** reported data = missing bananas (**OTC**) + +**FINRA ADF** \+ missing bananas (**OTC**) = % of daily volume traded off-exchanges + +&#x200B; + +I'll make a few more calculations from this updated data at the bottom of the post (see Excel screenshots). + +&#x200B; + +Thanks again u/Ravada for the daily Bloomberg Terminal drops! + +**Original 4/13 Bloomberg Terminal** + +[Original 4\/13 - 69.6&#37; daily volume traded off-exchanges](https://preview.redd.it/bn6iuqy36ru61.png?width=1918&format=png&auto=webp&s=65936b278cabee1385f2750f2884ac44ee0ca51c) + +**New 4/13 Terminal** + +[New 4\/13 - 69.38&#37; daily volume traded off-exchange](https://preview.redd.it/ty48gujq4ru61.png?width=720&format=png&auto=webp&s=796903c19cadd841cc8a8bb37eed352a6b870f6d) + +What changed? + +Now Custom = Total daily volume. So these bananas aren't necessarily "missing", but are most definitely traded OTC / Dark pool. + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **69.38%** of 4/13 daily volume was traded off-exchange / in dark pools. + +&#x200B; + +**Original 4/14 Terminal** + +[Original 4\/14 - 73.0&#37; daily volume traded off-exchange](https://preview.redd.it/8qg4oxmv9ru61.png?width=1918&format=png&auto=webp&s=545143c86da1aaf1b6eecdc10040808cab779e1e) + +**New 4/14 Terminal** + +[New 4\/14 - 72.88&#37; daily volume traded off-exchange](https://preview.redd.it/olkc97l0aru61.png?width=720&format=png&auto=webp&s=ea5ea0d6f7d4defb281dce96d2f21ce364f3673d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **72.88%** of 4/14 daily volume was traded off-exchange / in dark pools. + +**Original 4/15 Terminal** + +[Original 4\/15 - 70.9&#37; daily volume traded off-exchange](https://preview.redd.it/gcr4opr4aru61.png?width=1917&format=png&auto=webp&s=5684d8e2f1f6b63f782b22948ea40bd941287471) + +**New 4/15 Terminal** + +[New 4\/15 - 70.61&#37; daily volume traded off-exchange](https://preview.redd.it/r6gn75i8aru61.png?width=720&format=png&auto=webp&s=7e86f3517464077acf9b89c8938279b839f0090d) + +Adding FINRA **ADF** volume + **OTC** (other?) volume means that **70.61%** of 4/15 daily volume was traded off exchange / in dark pools. + +I'm going to take a few shortcuts for the rest and just show you the new terminals and have the % off-exchange in the captions. + +**New 4/16 Terminal** + +[New 4\/16 - 73.15&#37; daily volume traded off-exchange](https://preview.redd.it/g43ghp6caru61.png?width=720&format=png&auto=webp&s=779d32b39fb3669657dfea3fbfd287053ef0fe45) + +**New 4/19 Terminal** + +[New 4\/19 - 69.64&#37; daily volume traded off-exchange](https://preview.redd.it/ic5rimefaru61.png?width=720&format=png&auto=webp&s=6c161854a3369f85c6bcdf55e2f4cf7a2ddff22f) + +**New 4/20 Terminal** + +[New 4\/20 - 69.41&#37; of daily volume traded off-exchange](https://preview.redd.it/mkdgrarharu61.png?width=720&format=png&auto=webp&s=7a2ad9248a1f85e9ea0bc06c15215c6165468d21) + +I don't have streamlined (4:00 - 20:00 EST) Bloomberg Terminal screenshots of 4/21 or 4/22, but 4/21 had roughly **66.53%** of volume traded off-exchange and 4/22 had **67.06%** of volume traded off-exchange. + +Below is the raw data that I extracted from the terminals and calculations. The number of bananas traded **OTC** is highlighted, as is the total number of bananas traded off-exchange (OTC + ADF). + +**45,453,445 bananas** were traded off-exchange over 8 low-volume trading days - that's **170.24%** of the GME float! + +[GME Daily Volume](https://preview.redd.it/i5vg2t92tzu61.png?width=1128&format=png&auto=webp&s=80937ebed59c4f25b00dece5e40f291ddaae9626) + +&#x200B; + +[92.44&#37; to 94.99&#37; of Daily Trades are made Off-Exchange](https://preview.redd.it/qex7h8dx8zu61.png?width=1151&format=png&auto=webp&s=db5831379cdf5c2331d160a2b01238c7d33d3f23) + +All of the **smallest** trades are being made off-exchange. Look at the difference between size of trade (Bloomberg) and size of trade (Custom), which is the average size for the entire day. Now, I understand that most retail trades less than 100 shares are not routed to the exchange, but **over 92% of all trades** are routed through either "**FINRA ADF**" (dark pool) or traded **OTC** (darker pool). + +People seem to pay attention when numbers are presented as money ($$$) so maybe someone will pay attention if we put some $$$ figures on what's been going on. + +[Billions of dollars spent on GME are routed through Dark Pools](https://preview.redd.it/zzwmv9l6azu61.png?width=1002&format=png&auto=webp&s=08c66affe961a132d17dbac6ca8657afb25e05c1) + +Over 6 days of low volume trading, **$8.919 billion** was spent on GME bananas. Good work apes! + +They routed **$2.95 billion** through **OTC dark pools** and **$3.33 billion** through "**FINRA ADF**". Adding those together, **$6.281 billion** was routed off-exchange, accounting for **70.43%** of the 6-day total (**$8.919 billion**). + +Only $2.638 billion actually went through the exchanges. + +This data seems to corroborate the DDs posted by u/broccaaa and u/Doom_Douche . And it seems abundantly clear that GME trades are being handled much differently than any of the other stocks that were investigated, both in terms of size of trade (the smallest trades are routed to darkest of dark pools), and percent of float (49% of GME float) that is traded OTC. + +If we take the missing bananas for what I believe them to be (traded off-exchange in OTC dark pools), then **170.24%** of the **GME float** was traded in OTC dark pools across 8 low-volume trading days... + +&#x200B; + +**TLDR**: **Over 90%** of GME trades from 4/13 - 4/20 were routed through dark pools (**FINRA ADF** or **OTC**). **Over 70% ($6.28 billion)** of the money that was spent on GME bananas over this 6-day trading period was routed through dark pools (**FINRA ADF** or **OTC**). We may now how a way of tracking daily OTC / Dark pool numbers rather than waiting 2-4 weeks for FINRA data. They can't keep this up forever, especially if we can bring some attention to their corrupt antics for manipulating GME. And don't forget to VOTE! + +&#x200B; + +**Edit 1**: Formatting +I usually take up to 2 hours only as a side hustle, can you guys tell me what is your trading time or recommended time. I’ve heard some people doing it for 8 hours a day, I think that’s like too much even for a full time day trader. +The current bearish news cycle about China and Elon is temporary, like any news cycle. But this is not the end of the bull run. There is too much good news right around the corner. Here’s a snapshot of what’s to come and why it’s worth waiting for: + +• This month - Bitcoin network implements the Taproot upgrade, laying the foundation for Bitcoin-native smart contracts and DApps. Expect to be reading about new progress in Bitcoin DeFi in the months and years ahead. + +• July 2021 - Ethereum network implements the EIP 1559 upgrade, lowering transaction fees and drastically reducing supply issuance. This very likely creates a supply shock that drives Ethereum price up. Expect massive FOMO before and after this upgrade. + +• Latter half of 2021 - ZKRollups and Optimistic Rollups being productized in major Ethereum DApps to drastically reduce transaction fees. Uniswap is already publicly beta testing use of Optimistic. + +• Late 2021 - Institutional adoption news will continue to break and might include Bitcoin and Ethereum ETFs, updates on Visa’s Ethereum based crypto platform (announced last March), and much more. + +• On-going all year - Inflation across the planet driven by pandemic monetary policy that is compelling trillions of dollars of global wealth to clamor for safe haven assets. + +There’s a bright future just beyond this minor bump. China’s crackdown on crypto in advance of their launch of Digital Yuan was always expected, and their restriction on mining is great news for Bitcoin, reducing the mining concentration in Sichuan that has long been a concern among Bitcoin critics. As for the Elon sideshow, I’ve always thought the cars that Tesla employees engineer are better than the tweets their boss manufactures. The Bitcoin bull run started before Tesla bought and will continue after. + +Keep calm and buy the dip. +Using my secondary account so I don’t doxx myself. I post on this sub regularly. + +So my warehouse lost the lease on their building. (I’m an engineer for the manufacturing company) It ends end of January. So they’re relocating to another city 4 HOURS AWAY. I don’t know what I’m supposed to do. I don’t know what I’m going to do. I’d get a decent raise and relocation money. But I also live with my parents…I can’t afford an apartment. I’m going through Chapter 13 but haven’t filed it yet now because this will completely change everything. And I’d have to live alone. The last time I did that I was incredibly depressed. + +This was just dropped on this suddenly on Friday. I have a week to make a decision. I’m so upset and i don’t know what to do. Why does my life always get completely fucked just when I’m starting to turn it around? I JUST GOT THIS JOB 7 MONTHS AGO after being unemployed for 2 years after being a covid layoff. This isn’t fair. +Hi everyone, + +I've read in the sub about the 60% tax trap between £100k and £125k, which I understand, and that you are better off making pension contributions to stay out of that bracket. + +Can someone please explain why it's better to be above the £125k (i.e. why does the 60% tax trap go away above 125k). + +If someone was earning for example £145k and used up all previous years' pension allowance, are you better off putting £40k in your pension and taking the 60% tax hit (i.e. leaving you with £105k salary) or rather just putting £20k into your pension to remain above the £125k mark? + +To be clear, my question is not about the tail wagging the dog when it comes to taxes, etc, I'm genuinely interested in understanding why tax is lower above £125k. +[Don’t pay your mortgage, urge climate activists](https://www.thetimes.co.uk/article/dont-pay-your-mortgage-urge-climate-activists-s83bzjwzr) + +&#x200B; + +Please, Please do not do this. +I am looking to gather data or confirm data on several tokens in regards to their utility. What will the token be used for? What benefit does the token holder gain when buying the token? What is the function of the token? + +I will provide "tips" anywhere from $3-$10 in regards to this information. I am looking for **only ERC-20** token utility. Including a reputable source will help or source from whitepaper (please specify what page and paragraph). **Since I do not have unlimited funds, so I will not be able to pay all.** Information will have to be validated by others or I'll look at upvotes later on. + + +Here is an example (those examples are simple; **you don't have to follow this format**): + +**E.g1. Dice tokens (DICE)**- token is used as a mean to pay dividends, token holders receive dividends in ETH from the game's profit. + +"When you purchase ÐICE tokens you own a portion of the bankroll, proportional to the amount of ÐICE tokens you hold." - What is the DICE token? + +Source: https://etheroll.com/#tab6 + + +**E.g.2. Aventus (AVT)**- used by event organizers as a deposit to create an event, used for voting for an event; voters receive a % of deposit (form of staking to build consensus). Token holders also receive a % of secondary market fees (if tickets get resold). + +Source: https://gyazo.com/6b70791fefe4b877291fe74dd171b2a0 + +Source 2: Whitepaper page 9 under heading "purpose", but also scattered through-out from page 9 til almost the end. + +https://www.aventus.io/doc/whitepaper.pdf + +Co-founder on discord & Whitepaper states the same. + + + +**Correcting people might get you tipped as well** + + + +I will provide a list with **some** of the tokens I am looking to fill or verify. My list is extremely long, so I will not type all of it, but **feel free to include any ERC-20 token**. + +1.ANT (Aragon) + +2.LINK (Chainlink) + +3.FUN (Funfair) + +4.PAY (TENX) + +5.REP (Augur) + +6.GNO (GNOSIS) + +7.BAT (Basic Attention Token) + +8.ICN (Iconomi) + +9.STORJ (Storj) + +10.MCO (Monaco) + +11.ENG (Enigma) + +12.1st (First blood) + +13.DGD (DigixDAO) + +14.OMG (OmiseGO) + +15.AION (Aion) + +16.DAY (Chronological) + +17.LUN (Lunyr) + +18.LRC (Loopring) + +19.MTH (Monetha) + +20.MSP (Mothership) + +21.PTOY (Patientory) + +**Again feel free to include any ERC-20 token**. + +Tipping will be in ETH using tipping bot. + +**How to check if a token is ERC-20 token?** + +1. Click on here: https://coinmarketcap.com/tokens/views/all/ +2. Look for platform<ethereum +3. Those are ERC-20 tokens + + +**If you've been tipped once, there's a less % you'll be tipped next time; this is to encourage others to contribute**. + +Summary: + +**How can I potentially earn a tip?** + + +1. Provide an ERC-20 token's utility (make sure to provide a source and where exactly within the source). +2. Correct misinformation + + +Repeat: I will NOT be able to provide everybody with tips since I don't have unlimited funds. + +**Edit**: Please specify where you found the information including a possible page number, paragraph, under what title, etc. + +I am looking to gather data or confirm data on several tokens in regards to their utility. What will the token be used for? What benefit does the token holder gain when buying the token? What is the function of the token? + +I will provide "tips" anywhere from $3-$10 in regards to this information. I am looking for **only ERC-20** token utility. Including a reputable source will help or source from whitepaper (please specify what page and paragraph). **Since I do not have unlimited funds, so I will not be able to pay all.** Information will have to be validated by others or I'll look at upvotes later on. + + +Here is an example (those examples are simple; **you don't have to follow this format**): + +**E.g1. Dice tokens (DICE)**- token is used as a mean to pay dividends, token holders receive dividends in ETH from the game's profit. + +"When you purchase ÐICE tokens you own a portion of the bankroll, proportional to the amount of ÐICE tokens you hold." - What is the DICE token? + +Source: https://etheroll.com/#tab6 + + +**E.g.2. Aventus (AVT)**- used by event organizers as a deposit to create an event, used for voting for an event; voters receive a % of deposit (form of staking to build consensus). Token holders also receive a % of secondary market fees (if tickets get resold). + +Source: https://gyazo.com/6b70791fefe4b877291fe74dd171b2a0 + +Source 2: Whitepaper page 9 under heading "purpose", but also scattered through-out from page 9 til almost the end. + +https://www.aventus.io/doc/whitepaper.pdf + +Co-founder on discord & Whitepaper states the same. + + + +**Correcting people might get you tipped as well** + + + +I will provide a list with **some** of the tokens I am looking to fill or verify. My list is extremely long, so I will not type all of it, but **feel free to include any ERC-20 token**. + +1.ANT (Aragon) + +2.LINK (Chainlink) + +3.FUN (Funfair) + +4.PAY (TENX) + +5.REP (Augur) + +6.GNO (GNOSIS) + +7.BAT (Basic Attention Token) + +8.ICN (Iconomi) + +9.STORJ (Storj) + +10.MCO (Monaco) + +11.ENG (Enigma) + +12.1st (First blood) + +13.DGD (DigixDAO) + +14.OMG (OmiseGO) + +15.AION (Aion) + +16.DAY (Chronological) + +17.LUN (Lunyr) + +18.LRC (Loopring) + +19.MTH (Monetha) + +20.MSP (Mothership) + +21.PTOY (Patientory) + +**Again feel free to include any ERC-20 token**. + +Tipping will be in ETH using tipping bot. + +**How to check if a token is ERC-20 token?** + +1. Click on here: https://coinmarketcap.com/tokens/views/all/ +2. Look for platform<ethereum +3. Those are ERC-20 tokens + + +**If you've been tipped once, there's a less % you'll be tipped next time; this is to encourage others to contribute**. + +Summary: + +**How can I potentially earn a tip?** + + +1. Provide an ERC-20 token's utility (make sure to provide a source and where exactly within the source). +2. Correct misinformation + + +Repeat: I will NOT be able to provide everybody with tips since I don't have unlimited funds. + +**Edit**: Please specify where you found the information including a possible page number, paragraph, under what title, etc. + +I am by no means an experienced investor but I've seen a lot of rationale behind buying some stocks like TSLA, PYPL, PLTR, etc. as, "I believe in the company long term". To be fair that is a good starting point and you should believe in the vast majority of your investments long term. However, just because a company could be very successful in 10/15/20 years down the line doesn't guarantee a profit for you because you bought shares years before that. + +An example I will use is TSLA. Now I love their products and am fully behind the mission of the company. I myself have a Model 3 and I believe it is years ahead of any other car I've driven. Add on to that their solar and battery technologies and I can't help but believe that TSLA will absolutely be a successful and profitable company. However, if you bought TSLA recently you most likely bought at around a P/E of 1000. You are essentially paying 1000x earnings. Or in other words you are expecting TSLA to reach $690 million (2020 net profit) * 1000 = $690 billion in net profit. I want to emphasize you are already paying for that expectation today. In other words, for you to make a substantial profit, expectations around future earnings need to move even farther past this number. If competition changes the growth prospects for TSLA or they run into manufacturing trouble or anything else causes people to shift their expectations on TSLA achieving $690 billion in earnings the stock will most likely drop. + +As a company TSLA may continue on profiting and being a very successful car manufacturer however, that does not mean your stock will keep going up just because their profit grows. Even if profit is increasing at a healthy rate. + +Now, I'm not posting this to be bearish on TSLA or anything I just wanted to bring up the idea that just because a company will be successful doesn't mean they are a good investment. I know P/E isn't everything and especially when it comes to growth stocks a high P/E isn't necessarily bad I just thought it would be a good jumping off point to help conceptualize the price.I think way too many people are comfortably putting money in what I see as very high risk investments and simply defending their position with "I believe in the company long term" without even considering what the company will have to look like and achieve long term to get to the valuation that they bought in at. +What follows is largely a repost from one I made months back, I've been meaning to repost it because there are still FAR TOO MANY old & new apes I see comment just letting their shit brokers delay the process until its more advantageous for them to do the transfer and FUCK YOU the retail investor. Every Ape should know this. + +Open an account with Fidelity and then initiate the ACAT transfer from your old broker to Fidelity through Fidelity means they can enforce the 3 day rule better. + +LETS KEEP THE PRESSURE ON AROUND EARNINGS. + +A transfer from broker to broker must be completed in 3 days under Finra rule 11870, putting more pressure on the PFOF broker’s margin and leverage. They can’t stall and buy time like they are with DRS requests. We should all know by now that PFOF brokers ARE NOT our friends. They are trying to fuck with DRS as much as they can, don’t let them. + +If Fidelity doesn't receive shares in due time they can then force a buy in from the delaying (PFOF) broker once the transfer goes through and they need your shares to DRS + +This slams the delaying broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them now putting pressure on their balance and risk levels AND they lost a customer. + +From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor and the DRS train to full float starts moving faster. + +If this information stops being suppressed and enough apes learn why to do this then the DRS train picks up speed and 741 comes along quicker + +741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy. These brokers will crumble and be liquidated and the first BIG dominoes towards MOASS will fall. + +GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name. Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS. + +I'm not PRO fidelity they are a means to an end and have good customer service to support this effort and make DRS as fast as possible. I know there are some stories of them spreading FUD to try and stop apes DRSing but they are still the fastest to DRS as far as I know and good at pushing through the ACAT transfers. Just be firm with your DRS request and dismiss any FUD they throw. + +Shills love to downvote this topic. + +Full DD on this: + +[https://www.reddit.com/r/Superstonk/comments/q5t3c9/important\_drs\_info\_if\_you\_use\_a\_pfof\_broker/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q5t3c9/important_drs_info_if_you_use_a_pfof_broker/?utm_source=share&utm_medium=web2x&context=3) + +Not Financial Advice. I’m REDACTED + +&#x200B; + +ALSO from u/ [**myplayprofile**](https://www.reddit.com/user/myplayprofile/) on original post, As highlighted by OP [FINRA 11870](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11870) states the following for ACATS (broker to broker transfers) - + +>**(e) Completion of the Transfer -** +Within three business days following the validation of a transfer instruction, the carrying member must complete the transfer of the customer's security account assets to the receiving member. The receiving member and the carrying member must immediately establish fail-to-receive and fail-to-deliver contracts at then-current market values upon their respective books of account against the long/short positions, including options, that have not been delivered/received and the receiving/carrying member must debit/credit the related money amount. + +In the event the transfer is not completed in 3 days, a fails contract is established per (f) and buy-in procedures must be completed within 10 days - + +>**(f) Fail Contracts Established -** +(1) Any fail contracts resulting from this securities account asset transfer procedure shall be included in a member's fail file and, not later than 10 business days following the date delivery was due, the member shall take steps to obtain physical possession or control of securities so failed to receive by initiating a buy-in procedure or otherwise + +DRS requests are not ACATS transfers, so they are not subject to rule 11870, however, this does not give brokers a free pass to drag their feet, as highlighted in part (a)(2) of the rule - + +>**(a) Responsibility to Expedite Customer's Request** +(2) If a customer desires to transfer a portion of his or her account outside of the Automated Customer Account Transfer Service (ACATS), authorized alternate instructions should be transmitted to the carrying member indicating such intent and specifying the designated assets to be transferred. Although such transfers are not subject to the provisions of this Rule, members must expedite all authorized account asset transfers, whether through ACATS or via other means permissible under this Rule, and coordinate their activities with respect thereto. + +It is important to understand this rule if you have requested a broker transfer or DRS transfer, and if your broker has not completed the transfer in a timely matter, you can file a FINRA complaint here - [https://www.finra.org/investors/need-help/file-a-complaint](https://www.finra.org/investors/need-help/file-a-complaint) \- and you can reference whatever parts of FINRA 11870 that you feel your broker has violated. I filed a FINRA complaint recently and left a comment below this sticky with more details. This comment from [u/rholowczak](https://www.reddit.com/u/rholowczak/) also has great info regarding ACATS - [https://www.reddit.com/r/Superstonk/comments/q7xbla/comment/hglmz8t/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q7xbla/comment/hglmz8t/?utm_source=share&utm_medium=web2x&context=3) + +I recently had several delays with a DRS transfer from a 9/23 request with Etrade. On 10/7, the request was still in process, and I considered cancelling the DRS to transfer to Fidelity. I was told the ACATS transfer would take 10 business days, so I decided to keep the original DRS request, but filed a FINRA complaint regarding violation of 11870. Additionally, Etrade falsely claimed 11870 was retired by providing this link - [https://www.finra.org/rules-guidance/rulebooks/retired-rules/11870](https://www.finra.org/rules-guidance/rulebooks/retired-rules/11870) \- This link references NASD 11870, which was superseded by FINRA 11870. This was misinformation, and also reported to FINRA. Earlier this week my DRS request was finally completed, and if I cancelled the request I would still be in limbo waiting for the broker transfer. I am not a financial advisor, this is not financial advice, but I wanted to share my personal experience to help anyone having difficulty with DRS to help them make a more informed decision. OP is correct in stating the rules require 3 days, but as a GME shareholder, I have become accustom to many rule violations with many firms in the financial industry, and there is no way to guarantee your broker will follow the rules. If you are concerned about broker liquidation via 741, or want to learn more about what would happen in the event of a broker liquidation, I recommend looking into SIPC and the $500k insurance they provide per account. I wrote a post last week discussing SIPC that may help - [https://www.reddit.com/r/Superstonk/comments/q3hjjs/hope\_for\_the\_best\_prepare\_for\_the\_worst\_an/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q3hjjs/hope_for_the_best_prepare_for_the_worst_an/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**PS:** + +# Susanne Trimbath PhD : if anybodies cost basis is screwed by your broker file a complaint immediately + +📷[twitter.com/Susann...](https://twitter.com/SusanneTrimbath/status/1504222790903238658) +Not to get too sappy, but I’d like to thank this subreddit and its members for the content that is consistently published to the public. All jokes aside, r/pennystocks as a whole has taught me many things in regards to the stock market. From analysis to strategies I’m learning every day, and I can’t put into words how appreciative I am. + +Without all of you, I would not be where I am currently at today. Don’t get me wrong, the Lambo isn’t in the driveway yet but at the end of the day green is green as profit is profit. Keep up the amazing work, and one day I will be able to confidently push out information as those before me have done. + +Endless tendies buffet, the moon is the way. +[ EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years \(2018 & 2019\) - Month Twenty-Two - Down -81%] + +[Full blog post with all the tables](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-two-years-2018-2-xxromn) + +tl;dr - Thanks to some good news out of China, October produced gains which snapped a three month losing streak. $1000 investment in Top Ten cryptos on January 1st, 2018 is now worth about $192. **Bitcoin** maintains overall leader position followed by **Litecoin** then **Ethereum.** Take the two Top Ten experiments together, I'm down -21%. + +\*\*NOTE\*\* - I usually like to release the two posts a day apart, but I'll be spacing out the Top Ten 2018 and the Top Ten 2019 reports a bit more as readers have mentioned they've been removed by the mods (no offence taken, mods - the content is quite similar, I assume the posts are being removed because they're seen as identical. \*\*END NOTE\*\* + +# The Experiment: + +Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. + +I have also started a [parallel project:](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st *2019*. Spoiler alert: the 2019 Experiment makes for much happier reading. + +# The Rules: + +Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. Compare loosely to the [2019 Top Ten Experiment](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe). + +# Month Twenty-Two - Down 81% + +Thanks to some positive news out of China, October decisively broke a three month losing streak for the 2018 Top Ten portfolio. All cryptos in the experiment were either up or flat this month, a welcome change from summer's downward trend. + +# Ranking and October Winners and Losers + +Although the market as a whole gained, a few of our 2018 Top Ten coins had trouble keeping up. **IOTA** and **NEM** each dropped two places to #18 and #27, respectively. **Dash** slid three slots, and now teeters on the edge of the Top Twenty. On the positive side **Bitcoin Cash** gained one position in the rankings, climbing to the four spot. + +*October Winners* \- **Bitcoin Cash** rebounded nicely after a dismal September finishing +29% up on the month. **Ripple** and **Stellar** had solid months as well, ending October at +16% and +14% respectively. + +*October Losers* \- Only **IOTA** lost value this month, down -1%. Along with **NEM** and **Dash**, the three were basically flat in October. + +For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 22 months of this experiment. Most monthly wins (5): **Bitcoin**. Most monthly loses (5): **Stellar**. All cryptos have at least one monthly win. The only two coins never to lose a month? **Bitcoin** and **Dash**. + +# Overall update – Bitcoin far ahead of peers. Four worst performers down over -90% each, NEM still in basement. + +**Bitcoin** is still miles ahead of the pack maintaining a *40+ percentage point lead* over second place **Litecoin** and third place **Ethereum**. This isn't even the widest lead **Bitcoin** has held since I started the experiment nearly two years ago: August 2019's +50% lead is still the record. + +Looking through my past reports, poor **NEM** has been stuck in the basement all year. Since January 2019 is has been the experiment's worst overall performer. **NEM** is currently down -96% followed by **Cardano**, **Dash**, and **IOTA** all down over -90% since January 1st, 2018. My initial $100 investment in **NEM** is worth just $4.49. + +40% of the cryptos that started 2018 in the Top Ten have dropped out, specifically **NEM, Dash, IOTA**, and **Cardano**. They have been replaced by **EOS, Binance Coin, Tether,** and **BTCSV**. + +# Total Market Cap for the entire cryptocurrency sector: + +Breaking a three month losing streak, crypto ended October in positive territory, up about +$26B by month's end. The overall market cap is sitting around the $248B mark, rebounding to September 2019 levels. Since January 2018, the total market cap is down -57%. + +If you're looking for a silver lining, followers of my [2019 Top Ten Experiment](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) will note that there has been an increase of +74% in total crypto market cap since the beginning 2019. + +# Bitcoin dominance: + +**Bitcoin** dominance ticked down slightly in October, but no major shift from last month. For context, the range since the beginning of the experiment in January 2018 has been quite wide: a high of 70% in September 2019 and a low of 33% in February 2018. + +# Overall return on investment from January 1st, 2018: + +After three straight months of loses, the portfolio gained a modest $17 in October. If I cashed out today, my $1000 initial investment would return $192, down nearly -81%. + +The 2019 Top Ten Experiment is doing a bit better. If I cashed that experiment out today, that $1,000 initial investment would return $1,387, a +39% gain. Full October report to come. + +Taken together, here's the bottom bottom line: **after a $2000 investment in both the 2018 and the 2019 Top Ten Cryptocurrencies, my portfolios would be worth $1,579.** + +That's down about -21%. + +# Implications/Observations: + +As always, the experiment's focus of solely holding the Top Ten Cryptos continues to be a losing approach. While the overall market is down -%57 from January 2018, the cryptos that began 2018 in the Top Ten are down **-81%** over the same period. + +At no point in this experiment has this investment strategy been successful: the initial 2018 Top Ten have under-performed each of the twenty-two months compared to the market overall. + +I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +15.2% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$152 had it been redirected to the S&P. + +# Conclusion: + +Thanks to the news out of China, October ended up breaking the streak of three consecutive months of downward movement for crypto. Again, this shows that unpredictability is the norm in crypto: we seemed on track to continue the downward trend until the end of the year. With two months left in the year, will the October gains hold? + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my [parallel project](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-2019-month-nine-xyqkqe) where I repeated the experiment, purchasing another $1000 ($100 each) of a new set of Top Ten cryptos as of January 1st 2019. +Furus are saying the market will keep dropping until the Fed softens it’s stance. What if Fed doesn’t turn dovish for another 4 months? QQQ has dropped 16% in last month. Will it keep dropping at that rate until the Fed announces something? + +Are there any signs in this economy that makes this time different than the past recessionary times? I heard someone saying the VIX is under 30, so there’s no capitulation yet. You’ll know that it’s bottom when a hedge fund blows or a company files for bankruptcy and nobody wants to invest even a single dollar in the market. We’re far from there. +# MY DEAR APES. + +# Please follow the corresponding guide respective of your share quantity: + +&#x200B; + +* **X shares - Hodl until the millions.** + +&#x200B; + +* **XX shares - Hodl for the X shareholders.** + +&#x200B; + +* **XXX - Hodl for the X and XX shareholders.** + +&#x200B; + +* **XXXX - Hodl for everyone.** ***(You mini whales)*** + +&#x200B; + +* **Exactly 200,000 shares - Do what ever you want, you earned this.** + +&#x200B; + +&#x200B; + +The market has always prided itself on being every-man-for-himself. Apes? Apes make sure everyone gets their ticket's worth on the way to the moon. I don't need $100 million. I want 100 people to have $1 million. + +&#x200B; + +&#x200B; + +***HODL for the person who scraped enough to get just one share.*** + +***HODL for the people who have been a victim of a broken, unjust financial system.*** + +***HODL to show that the 99% are to be fucked with no more.*** + +***HODL to ensure the financial inequality in the world is re-balanced.*** + +***HODL to make the world a better place.*** + +&#x200B; + +**Support a company. Like the stock.** + +**Can't stop. Won't stop. GameStop.** + +&#x200B; + +&#x200B; + +*Disclaimer- Do what ever you want. Don't base your financial investments on my past, current or future posts.* + +&#x200B; + +Edit - changed 'we' to '99%'. I didn't see a problem with it. Someone else did. +I’m tinkering with a new system and would like to bounce some ideas. + +Edit: one of many, thanks for the engagement i really appreciate it. So im a complete dummy at coding but i can hack shit up ok. How is linear regression used vs say stochastic? What does an example look like in execution compared to something a discretionary trader would use. I have about 50 or so different strategies that i have developed that i trade, mostly variations of the same. Examples would be mean reversion, trend following and some scalping tactics. Also alot of tape reading in discretionary trading. I have no idea how to test an idea with options i cant find the data to backtest a strat even if i had it written out in code. + +Some other questions is how would i test and write out things like a gap fill, opening range break, those seem pretty straight forward but is there a template out there that i can kinda hack apart and start messing with the variables? Options data doesnt seem easy to come by i'm also curious about execution speed, There are times that i get some news before the volume comes in so that would lead me to think that the algos are waiting for a confirmation or something is at play there. Also there are times where i can see a vol spike but pretty small overall before the volume takes off so it seems like algos are triggering more algos then retail/prop jumps in. I've also observed some weird things with option pricing so i really have questions for days and just trying to peer inside you guy's world. + +Again thanks for the feed back I really appreciate all the incite. +Hi all, I am soon going to graduate and wanted to explore opportunities in HFT firms (either of SWE/Quant). However, I'm struggling to prepare on C++ stuffs for the interviews, in terms of volume of stuff to cover. +It would be great if experienced professionals working in the domain could share there insights. It could be anything from specific topic names to reference resources to any other advice, that could help with the interviews and further. + +\[To share my background, I have worked with Boost C++ on some open-source projects and have sound background in Operating System/Computer Networks, Algorithms & Math (good performances in ACM-ICPC/Code-Jam etc)\] +Please forgive my ignorance on this topic, Im trying to learn more and understand the current state of the market and the decisions people are making. + +&#x200B; + +Many homes cost upwards of 50% more than they did a year ago, and interest rates on mortgages have gone up from what...3% ish at the end of 2020 to now 7%+? + +Who is actually buying a home right now? I was getting ready to buy around around the start of this year and decided to hold off seeing where the market ended up, but Im just so astounded as Im still seeing homes bought regularly by individual consumers. + +&#x200B; + +Some context - my significant others step mother just recently sold a home for 340k. She bought this same home in 2017 for "under 200k" according to her. They put up a for sale sign on this property and **it was sold within a week**, apparently they were flooded with inquiries about buying this house. + +Inflation plays a part considering the value of the home now compared to 5 years ago of course, as does the area the home is in, etc...but Im at such a loss to understand why people would want to buy homes like this so badly where the market is currently. I can also respect that some people need a home and renting may not be a viable option for one reason or another, but is it really a viable option to so clearly overspend on a house right now? + +Also, for clarity, they are living in this home with no intention of flipping (according to them). + +Edit: also worth noting these are not cash buyers + +&#x200B; + +edit 2: Apologies, I can see how not including the area is damaging to the integrity of the conversation. This is in Tampa, FL. +Wondering what the general opinion is here on crypto right now. I don't know what to think anymore honestly. + +If I sell right now I get 5k back which I can put in ETFs or any other stock or do I just let it ride for a few more years? If I lose the money its not gonna be life changing but I'd rather have 5k than 0 obviously. + +What are your guys thoughts on it? With this FTX saga the outlook on crypto is the worst its ever been. Can't say I was a guy who ever cared about the "technology." I know a couple guys with their whole life savings invested into it. + +I'm not very knowledgeable so I'd love to hear some opinions. +There are so many great articles on Bitcoin, but not enough videos that put the concepts into visuals and link the different layers from "why" to "how". So I tried doing that with a video where I cover everything I learned throughout the years. Economics, Ethics and Technology. + +[https://www.youtube.com/watch?v=Ai5z2T4WhWg](https://www.youtube.com/watch?v=Ai5z2T4WhWg) + +About me: I got into Bitcoin 2017 and ofc bought the top. I then diversified into alts and got rekt even harder. I guess this is the natural Bitcoiners starting path. However having my skin in the game I started learning and kept buying. From Andreas talks to The Bitcoin Standard as a start. After that articles, Mises, Hayek and Rothbard. Running a full node, understanding the technology through Mastering Bitcoin. + +Here I am 3 years later. I love this community and the revolution we are witnessing. This video is my contribution. If you like it, please consider subscribing. Thank you! +The average Costco warehouse in western countries average around 60k subscriptions. In other Asian countries a warehouse might get around 100k subscriptions after 2 years of being open. + +After the Warehouse in Shanghai opened in late 2019, its subscription count grew to 250k in under 3 months. With the warehouse shutting down local traffic and being forced to close early due to the chaos that ensued on opening day. + +Costco plans on opening a second warehouse in Suzhou. And may grow more rapidly after they gain more experience with operating in China. + +"We typically open 2-3 locations in a country, and see how they operate over the first couple of years, ... We are off to a good start with our first opening last year." - Richard Galanti, CFO, + +"It may take a couple of years to improve efficiencies. That’s one of the reasons why we generally go slow in new countries because we want to get it right from customer experience and also from the operational side," he added. + +With China’s growing middle class and Costco’s brand being extremely popular among the Chinese... It could be plausible that China will end up becoming the majority of Costco’s revenue one day? + +Sources: + +https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/27/business/costco-china-intl-hnk/index.html + +https://asia.nikkei.com/Business/Retail/Costco-plans-more-China-openings-as-sales-boom-at-Shanghai-store2 +Just some food for thought. + +Number of Ethereum wallets are going parabolic, yesterday over 100k new addresses were created. Ethereum transactions per day are in the 500k ballpark. Metcalfs Law says the value of a network is n squared, where n = number of users. If you take BTC which averages 330k tx/day and apply the formula you get a total network value of $109B. + +Bitcoins current market cap is $113B. So if this is a lagging indicator, ETHs value should be in the range of $250B or $2631/ETH. + +Because # of transactions by itself could be manipulated, this should only be part of a valuation model. + +So the next Ethereum bull run, when people start asking why the price is skyrocketing, it'll most likely be an upwards correction based on adoption, network effects, & herd mentality. Don't chase pumps, do your own research and due diligence. Put your money into undervalued assets and sell when they become over valued. + +Bitcoin addresses +https://blockchain.info/charts/n-unique-addresses + +Bitcoin transactions per day +https://blockchain.info/charts/n-transactions + +Ethereum addresses +https://etherscan.io/chart/address + +Ethereum transactions per day +https://etherscan.io/chart/tx +Ethereum now sits at a $67 billion market cap making it a [Top 150 U.S. traded asset](https://assetdash.com/?p=2) when included with stocks and ETFs. + +Ethereum's latest rise moved it above Snapchat, BP, and 61 other assets this month. + +&#x200B; + +https://preview.redd.it/1ghcd5aom0161.png?width=2360&format=png&auto=webp&s=949653e1fbf4097932d1635026b749783059e40b +Hello, + +My job has changed so that i frequently travel to London airports from South Wales, my company pays for my flight, but I have to pay for my train as it is classed a “reasonable commute”, I agree with this and am happy doing so. + +My question, what railcards are available for a 32 year old man to try and reduce the cost of these trains, it’s only twice a month (out and back) but it would still be good to try and get some saving. + +I looked into a season ticket, but it would cost more that paying for each train individually. + +Googled railcards and asked at the local station but it’s all drawing a blank. + +Anyone have any ideas? +You have $500,000 cash. No other assets (you are renting) and no debt. + +You are married and have 3 kids age 7, 4 and 1. + +You make $120,000/year and your spouse is not working. + +You want a house for you and your family long term. Nothing super fancy but in the $500,000 range. + +OK, so how much would you put down towards a house and how much in a portfolio? Is there a way of collecting premiums off the portfolio that could cover mortgage payments? +Would you size up your portfolio using margin in order to sell more cc:s and collect more premiums? +What would YOU do? +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’ve mostly been wheeling with meme stocks and other stocks from $5-$15 or so. I’ve come into some extra cash so I can wheel some larger stocks. What are everyone’s favorites in the $20-$50 range? + +I was going to do Riot and Lucid, but after their large jumps I am waiting for a pullback. + +Sorry for posting a somewhat common question, Reddit’s search sucks on mobile so I couldn’t find a good answer. +on in other words, does InteractiveBrokers have a properatory trading desk ? + +Say, if I have a small 'niche' game that makes money, will they analyze my trades and figure it out, and then run the same trade themselves? +I hit my 5 year anniversary at my current company this week. I've been given the choice of either a $4,000/year salary bump (going from $66k to $70k), or an extra week of vacation (going from 2 weeks to 3 weeks). Which makes more sense financially? Like what's the best way to figure out how much the extra 5 vacation days are worth monetarily and compare that to the $4,000 raise? I know the real answer is more philosophical ("Will you get more personal enjoyment/fulfillment out of the week's vacation than the monetary value of the raise?"), but I'm asking strictly from a numbers standpoint. + +&#x200B; + +**EDIT:** Just to putting some additional info here via answers I've given in replies: + +\- I get a yearly raise (I started at 40k and am now up to 66k) + +\- I get a very good Christmas bonus each year (last year was $10k before taxes) + +\- I plan on staying there for the foreseeable future + +\- I get a separate week of Sick Time +Hi guys, + +I apologize if this has been asked million times before, just looking for some clarity. xx ape here who first got into "the other one" but slowly have been selling for GME. All my shares are in webull. + +I've obviously been reading on all the reasons to DRS and it makes complete sense to me, in theory I would love to do it. Issue, I've been dealing with some crazy medical shit for over a year now and living with chronic pain and constant doc appointments make you lazy about doing other stuff. + +I really do want to DRS, but unfortunately I just have not gotten around to it. + +So my question is, other than SHF being able to borrow my shares until they're locked in my name, am I risking anything by potentially leaving my shares in webull when MOASS happens? Will I really only be able to get $500k for my entire position regardless of how many shares I have? + +Please scare me more than the upcoming surgeries I have so I finally get my act together and DRS my shares. + +Thanks. + +EDIT: before bashing me for asking about DRS, please consider that some people have a lot of shit going on in their lives, for example, me, and dealing chronic pain, medical issues and countless medical bills makes some things hard to get around to. + +EDIT #2: I don't need anyone sympathy, just asking an innocent question. We're supposedly here as a community to all stand together as little guys and stick it to those who are fucking us, but when someone asks a question, all of a sudden many feel the need to attack and ridicule. I'm also convinced that people don't even read posts, they read the first line and then comment out the first thought that comes into their head. If we want more people to join this community, maybe we should start acting more like one and less like a religion that shames anyone who asks questions. +My grandparents set up a trust that is managed at a regional bank in the US for 1% of assets as a fee on top of kickbacks they get from bonds they buy that don't pay out the same percentage as the retail bond because a part of that goes to the bank. We've tried to get them to stop constantly buying and selling stocks too since they take a fee for each transaction and it generates state and federal capital gains taxes owed by the trustee. They ignore us. The trust allows us to move it, but where can we if all we want is for the assets to sit in some passive, total market funds. We shouldn't have to pay 1% of the total value if the assets just sit in passive funds all year, but every institution we've approached so far is as expensive or more expensive. + +It seems like by setting up a 'trust' we got screwed out of our money because passive investing can be incredibly low cost but no one who who manages trusts supports low cost investing. Any advice? + +I know we need to pay fees to a trustee to manage the trust paperwork and the basic mechanics but shouldn't that be a flat fee for a portfolio of three or 4 total market index funds. +I started at my current position about 3 months ago. When I accepted the offer I was given a rundown of what my duties would be. This position was one of the first hires they made in preparation for the opening of a new location. This new location is over 100 miles away from their next nearest location. + +The first thing to know was that they literally created a new job title specifically for me, so I was expecting it to be an intense job, but my duties have only expanded as the months have gone on. I now report to the managers of 3 different departments. Higher ups only visit my location every other week and not all at once. So every week I'm doing at least some of the tasks of at least one of my superiors. Now don't get me wrong I love this job. It's my favorite job I've ever had, but what I'm doing now and what I was told I would be doing are vastly different. + +I was just told last week that my official job description is being worked on and will be presented to me in the coming weeks. My question is that since this job description is going to be vastly different from what was originally communicated to me when I accept the offer, can I ask for more money? +Over the last couple of weeks, there have been dozens of posts deliberating whether or not to sell growth/tech stocks that have been dropping recently and switch over to "re-opening" or value plays. The key take away here has to be this: + +If a 10% drop in a stock makes you wonder whether or not you should sell that stock, you should have never bought that stock in the first place. + +Contrary to popular belief, stocks do not always go up. In fact, most stocks fail to beat the market in the long-term, with few exceptions. Buffet makes this clear. A good stock is not considered good just because it may do well in the next year, or because it has shown growth in the past. It is only a good buy if it has value beyond a short-term horizon, and most importantly, IF YOU BUY AT THE RIGHT PRICE. If you had bought GE at its peak, a company that is invested in all aspects of life and won't ever disappear, you would be down nearly 75%. Why is this? Is GE a bad company, with bad products, or a shrinking customer base? No, you would have just bought in at a price that was unjustifiable. + +Think of this scenario, you are the owner of a snack shop. Summer is coming up, so you decide to invest in significant inventory of ice cream. After all, people will purchase frozen desserts in the hot summer days, right? This can't possibly bad investment. So you go to your supplier, and he offers you a price of $100 per pint of ice-cream. What would you do? Would you buy just because ice-cream is guaranteed to sell in the future? No, not unless customers were willing to pay more than $100 per pint. + +Conversely, your next-door competitor decides to invest in inventory of hot chocolate. This is ridiculous to you, who would buy hot chocolate in the summer? However, your neighbor buys in at $0.10 per cup of hot chocolate for his supply. Once summer is over, you sell out of your inventory, but at a loss because no one is willing to buy ice cream at more than $10 a pint. Then winter comes, and guess who profits more? + +The point here is that being right about a trend is not enough if the price you buy in at is not the right one. If your belief in a stock is rattled because it drops a little bit, you did not believe in the price in the first place. If this scares you enough, you are better off sticking to index funds and filtering out the noise. There is nothing wrong with that, picking stocks is hard, and there is no guarantee that you will come out on top. + +My two cents is this: lumping tech into one single asset class is absurd, and calling companies like Amazon and Microsoft "growth" stocks is disingenuous if you lump in Palantir and Tesla in that same category. The market right now is doing just that, however, in the sense that high-PE growth stocks like Tesla are dropping alongside with Apple. In my opinion, all this is doing in the long-run is that you are buying tried-and-true blue chips at a discount. + +Kohl's is not going to be larger in 10 years than it is now, and its price now does not make it a good buy. Conversely, just because Tesla will be huge in the future does not mean that buying it at a PE of 1000+ is a wise investment. Re-opening plays are just market chatter. Cruise lines have tremendous debt, banks are tied to risky-credit loans and government regulation, and oil companies are at the mercy of an overseas oil cartel. Just because they are outperforming now, does not mean they will be a good buy if the current price does not reflect their value in the long-term. + +Buy into valuable companies (future growth, good price) at a discount, ignore short-term market sentiment, and invest in index funds if you do not feel strong enough convictions in your stock picks. +[GameStop Short Sellers Eat $443.4m in Losses - Franknez.com](https://franknez.com/gamestop-short-sellers-eat-443-4m-in-losses/) + +"GameStop short sellers are having one of the worst months this year. + +Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC. + +... + +The market has been down all year, but GameStop has managed to outperform the S&P 500 index. + +The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date. + +Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot. + +On the 6-month chart, GameStop is up +42% and SPY is down -8%. + +According to a report published by [S3 Partners](https://www.s3partners.com/articles/tsla-shorts-down) on July 21, GameStop has been among the **top 10 most unprofitable stocks for short sellers** during July 2022." + +Looks like short sellers aren't doing so well rn 😂 + +https://preview.redd.it/li47g6nnq5e91.png?width=1100&format=png&auto=webp&s=252efaaa3672fd76850937c191bc852d1c124fad +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! + +They have failed to deliver, multiple days this week. I made a mistake with the numbers. Sorry was not trying to misinform had multiple people let me know that there is a cumulative event. Either way, though they still owe shorts. I changed my post at their request. A fellow ape made a great point and id like to point it out. + +Some of these are profit shorts and they are late to cover them since if they buy too much stock... TO the moon. + +**THESE NUMBERS ARE ACCUMULATED SHARES** + +20210115|36467W109|GME|892653|GAMESTOP CORP (HLDG CO) CL A|39.91 + +20210119|36467W109|GME|1498576|GAMESTOP CORP (HLDG CO) CL A|35.50 + +20210120|36467W109|GME|1007562|GAMESTOP CORP (HLDG CO) CL A|39.36 + +20210121|36467W109|GME|1438994|GAMESTOP CORP (HLDG CO) CL A|39.12 + +20210122|36467W109|GME|273600|GAMESTOP CORP (HLDG CO) CL A|43.03 + +20210125|36467W109|GME|275113|GAMESTOP CORP (HLDG CO) CL A|65.01 + +20210126|36467W109|GME|2099572|GAMESTOP CORP (HLDG CO) CL A|76.79 + +20210127|36467W109|GME|1972862|GAMESTOP CORP (HLDG CO) CL A|147.98 + +20210128|36467W109|GME|1032986|GAMESTOP CORP (HLDG CO) CL A|347.51 + +20210129|36467W109|GME|138179|GAMESTOP CORP (HLDG CO) CL A|193.60 + +&#x200B; + +&#x200B; + +20210115|00165C104|AMC|102589|AMC ENTMT HLDGS INC CL A COM S|2.18 + +20210119|00165C104|AMC|8842791|AMC ENTMT HLDGS INC CL A COM S|2.33 + +20210120|00165C104|AMC|13399807|AMC ENTMT HLDGS INC CL A COM S|3.06 + +20210121|00165C104|AMC|3167557|AMC ENTMT HLDGS INC CL A COM S|2.97 + +20210122|00165C104|AMC|200|AMC ENTMT HLDGS INC CL A COM S|2.98 + +20210125|00165C104|AMC|15521|AMC ENTMT HLDGS INC CL A COM S|3.51 + +20210126|00165C104|AMC|385273|AMC ENTMT HLDGS INC CL A COM S|4.42 + +20210127|00165C104|AMC|27693649|AMC ENTMT HLDGS INC CL A COM S|4.96 + +20210128|00165C104|AMC|584097|AMC ENTMT HLDGS INC CL A COM S|19.90 + +20210129|00165C104|AMC|15902|AMC ENTMT HLDGS INC CL A COM S|8.63 + +&#x200B; + +&#x200B; + +**For example, how to read the bold then below is an explanation of each bold point.** + +**20210115**|36467W109|GME|892653|GAMESTOP CORP (HLDG CO) CL A|39.91 + +**Date of failure to deliver - Since if they don't pay it will be forced out either through company assets or insurance.** + +20210115|36467W109|**GME|892653**|GAMESTOP CORP (HLDG CO) CL A|39.91 + +**Stock name and amount of stock they must buy.** + +20210115|36467W109**|**GME|892653|GAMESTOP CORP (HLDG CO) CL A|**39.91** + +**The amount they bought it for.** + +[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) Fail to deliver the site. + +Not a financial adviser. Just a dumb ape. +Probably doesn't strictly belong here, but maybe for a little bit of fun, share what kind of corporate gifts you received for Christmas. + +I'll start off. I got the choice between a barbecue supply kit and a donation to a charity of my choice. - choice was fairly easy. +I own a healthy amount of Brk.B shares and decided to liquidate the account today. + +When I called the broker, they put in a market sell order and told me my confirmation would be sent to my email later. + +They sold my shares for $62.58/share + +Brk.b traded today at $260-263.35 + +Does anyone know how this is even possible? I understand market orders won’t exercise at the exact price, but a 76% loss, is absolutely crazy. + +Is there no sort of protection against this kind of thing? How does this even happen? + +The broker is closed now for the evening, but will be calling first thing in the morning. + +Looking for some helpful information or thing I can reference when I call in the morning at open. + + + + + + +EDIT UPDATE: + +Called them this morning. They didn’t even answer the phone during their posted business hours. Just adds the the amazing service this company provides. + +After calling the number for the old platform holders, and nearly 25mins on hold, they found a person for me to speak with. + +I described the problem and the representative n the phone seemed like this was normal at first. She then had a light bulb go off and remembered they had an internal email she quickly glossed over that discussed this issue. She asked me to hold so she could review it again. + +Apparently there was an error on the new platform that didn’t perform the sell orders correctly. They were suppose to sell at $262.276. + +I asked when, if, they would be correcting this and if they planned to notify the customers. They said that they were in the process of correcting the error but never notified the customers of the issue(wonderful, thanks). + +I guess it also takes 10 days after the sell date, to receive my money. Also, she confirmed they still don’t sell fractional shares. + +I plan to no longer use them, but leave the remaining 1.5 shares or so that’s left in there, forever. + + +2nd update: people wanted to know the firm/broker. +It’s Global Shares Equity + + +I DO NOT recommend them. + + +3rd update: +I received an email confirmation back they got my email and will be correcting the price + +4th update: +They corrected the online statement and it appears I'll be paid out on the 15th. Won't be using this broker any longer +I heard some people in the tech industry have around 200-400k salary some even after graduating from Uni there earn around 100k+ and I understand in the mining industry grads can earn that much but in the tech and working comfortably in your home is that sustainable or is it just because of the growth and lack of workers we’re having? + +I’m an EE and currently working as a PE was thinking of doing masters in cyber security or an accelerated course will this guarantee me job in tech? +2 scenarios, assuming insurance will not pay out in both: + +1. FHB who purchased $1mil apartment in Alexandria, who is now being told (just go with it) that there is a demolition order because it’s been so poorly built, it doesn’t meet council standards. Say the builders are MIA and no where to be found. +Does the owner have to pay for the demolition cost? After it’s demolished does it mean the FHB paid $1mil for a portion of the land it’s built on? +If this FHB has $60k cash in savings, if the decide to declare bankruptcy because they don’t want to pay $900k home loan for a bit of land, does this mean they will lose everything? In saying that, is the best thing for them to declare bankruptcy? + +2. Middle aged mum and dad who has other assets, say net worth $800k outside of this property, does this mean in order to protect their other assets and not declare bankruptcy, they will have to continue to pay the bank back with no (real) asset at the end of the day? If they decide to declare bankruptcy, does this mean they lose everything? + + +I’m just looking for the most likely scenario these people will have to go through, should it be deemed that these apartments are inhabitable and not fixable? +We should seriously cut the xxx crap. There is no need for that. xxx ape is not superior to x ape. + +Also it opens up a weakness by trying to separate us by the amount of shares that we have into different groups. + +We all apes, and we love all apes. + +Apes remember, BUY HOLD VOTE!! Infinity floor! + +69 + +💎🙌🦍🚀🚀🚀🚀🚀🌑 + +Edit 1: after reading all your comments, its amazing how diverse opinions are. There is no right or wrong answer. and i have been more educated on all your different POVs. Which brings me to … + +Freedom of speech is above everything. Ape dont tell apes what to do. Apes might recommend and comment, but never enforce. + +If you want to say you are a xxx holders, its your right and nobody should criticize you for that. Just being aware of the situation is good enough. + +All apes are created equal. Some just have more shares than others. + +Peace and enjoy your week. Exciting times! +I’m new to REI - new enough that I vaguely recall the last buyers market. + +What makes a buyers market, a buyers market? Will it be the interest rates? Or the flood of new construction? Or perhaps a surge of available inventory from the retiring boomer generation? I know all of this is crystal ball speculation. + +But what are generally indicators/markers that the market is switching from a sellers to buyers market? I’m new and am learning still. TIA. +Hi everyone, +I’m a new real estate investor hoping to do fix/flips and am reaching out to agents to help make offers on properties. There is a bit of a problem though, they are asking for a proof of funds but as a recent college grad I haven’t worked enough to have the amount they’re looking for. I plan on using hard money lenders but also run across the same problem and they would ask how much money I have in liquid assets which is a very minimal amount. I’m wondering how people who also didn’t have a lot of funds got their start in investing since I’m not sure where to go from here and am starting to feel a bit discouraged. Any advice would be greatly appreciated, thanks! +When I transferred out of RH, they didn't send along my cost basis information, which I, as a first time investor, shrugged off and entered manually based on what I believed to be true. ~~Weeks later~~ edit: now that I think about it, it's actually nearly 3 months later, RH is finally sending out cost basis information and it really really looks like there was a reason they were holding it back. + +I saw [this post](https://old.reddit.com/r/Superstonk/comments/ncezct/so_robinhood_finally_sent_over_my_cost_basis_from/) and realized I'd seen this before, in [my own account!](https://imgur.com/oGKz7uS) + +And, not only that, but some of these fractional shares were dated 1/7/21. **That's before I even made my RH account** ([Proof](https://imgur.com/20kfIoA)). I first made an account and bought GME on 1/27, which some of those fractions do indicate. + +So, I called Fidelity to ask where these numbers came from. Posting this while on hold with them, will update. + +Edit: Fidelity had very little information to offer immediately, besides the fact that these numbers were definitely sent over by RH and not generated on Fidelity's end. They've escalated the case for further investigation. + +Edit 2: Others in this thread have posted describing the same thing in their own accounts, including [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5db7x/), [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy685r1/), [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5hzgi/), and [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5fhlp/). + +Edit 3: If you want to check this yourself and you're on Fidelity, you can go to the "Positions" page and expand the listing for GME to see the cost basis per share information. Look for huge discrepancies in price or dates like this and pay close attention to shares transferred from RH. + +Edit 4: Update [here](https://old.reddit.com/r/Superstonk/comments/ne32kb/whats_the_real_cost_basis_robinhood/) +Let's say tomorrow you wake up and decide to check the crypto charts. You have sleep still in your eyes and your vision is blurred, but you notice something odd. You rub your eyes and OH FUCK Bitcoin is down to $1! The news coming out is obviously terrible. Everyone is saying to not touch Bitcoin with a 10 foot stick. + +Do you say fuck it Bitcoin is dead, twas a nice run. Or do you buy a couple hundred and say Viva la Bitcoin! I would buy some, even if it just meant holding on to some history. + +Edit: I'm glad to see 99.99% of this community would still buy Bitcoin after a 99.99% crash in value. It almost brings a tear to my eye, we must really believe in the future of crypto. +Because of upcoming exams, I couldn't focus on charts and trading for the last two weeks. This allowed me to back off from forex trading and be more open to other markets, which I checked out of curiosity - whereas before, forex was the only one I thought viable. + +My interest was caught by the cryptocurrencies market, because of the high volatility and relatively straightforward price action. Also, cryptos' fundamental analysis requires way less variables compared to forex's. + +I was also intrigued by the futures market. I couldn't tell you why though, probably because of the COT report which makes me think they are easier to trade. I know I'm most likely wrong, but I'm curious nontheless. + +So, why have you chosen Forex? Have you considered other markets and decided Forex was the best one? If so, what made you shy away from those markets? + +Thank you, and have a nice weekend. +Long time lurker here and first reddit post! Pretty stoked to have my first 80+ pip gain from a trade made 3:30 est yesterday afternoon. I've been trading a small account for close to 2 years now and am thinking of putting a bit more in to it (both time and $). It's a small gain but meaningful in that I'm learning to hone in on a strategy during such volatile economic and political times. Cheers fellow traders! + +Eur/usd https://imgur.com/a/MvN8O3E +Title explains. + + +If you're a scalper, I ***seriously*** need to know, how do you maintain your account without blowing it up? I'm just wondering because **we ALL have losing streaks.** They're unavoidable. + + + If you're scalping, I'd imagine that your risk of blowing up your account is a lot higher due to using higher leverage. + + +If you're a scalper, let's chat. I *seriously* want to know how you stay consistent, and how you remain profitable without blowing your account. + + +No judgment here. +This is from Livermore and I find it interesting. + +Not an exact quote: + +Asking a trader how do you make money by trading is not taken as a compliment. It's just like asking a doctor or a lawyer how do you make money in law or surgery. + +Trading is a accumulation of experience, scientific tests, recording(journals), due diligence and lots and lots hard work. There is **no** holy grail because the market is different every time and you need to have a basic set of principles flexible enough to accommodate it. + +This is why trading psychology is important. Because certain strategies fit certain people's personality. One of the biggest trading psychology topics I bet most newbies are lacking is restraint. If you want to start on trading psychology try practicing restraint (which ties in with discipline). + +Livermore advocates record keeping. Quoting: + +You must, I repeat, keep your own records. You must put down your own figures. Don't let anyone else do it for you. You will be surprised how many new ideas you will formulate in so doing, ideas which no one else could give to you, because they are your discovery, your secret, and you **should** keep them your secret +Title explains. + + +If you're a scalper, I ***seriously*** need to know, how do you maintain your account without blowing it up? I'm just wondering because **we ALL have losing streaks.** They're unavoidable. + + + If you're scalping, I'd imagine that your risk of blowing up your account is a lot higher due to using higher leverage. + + +If you're a scalper, let's chat. I *seriously* want to know how you stay consistent, and how you remain profitable without blowing your account. + + +No judgment here. +Last week I got laid off from my job (which I kind of engineered, to be honest) and I have bee interested in forex since November. I have been lurking on this sub since then and have gained a good amount of value from the posters and recommendations I have found. + +&#x200B; + +Right now, I'm working my way through babypips course, I'm on the undergraduate section. Unemployment pays me enough to cover all my living expenses as long as I don't do something stupid, and I have $6k saved up from last year to trade with when I am ready. No debt, and I can collect for 6 months max, after which time I must be profitable to not have to go back to working construction (I am a plumber by trade). I must be able to clear about $3k per month after taxes in order to live an acceptable lifestyle. + +&#x200B; + +I feel optimistic because this week I have replenished my Metatrader simulation account back to 10k, where I started. When I was just learning and practicing, I was down to 6k, which was a month ago. This is the first week I have been able to trade full time, and already I see many opportunities and systems I can create. I mostly like to trade trends, with some breakouts in specific cases, like news events. I plan to go live when my practice account is at 20k, and I have polished my trading strategies. Of course, I will repeat the babypips course once again, maybe two more times even. + +&#x200B; + +In addition, over these next six months, I am looking at branching out into several different areas to enhance my trading abilities. For example, I have an idea to create a fundamental economic matrix in Excel with weighted values on each different aspect, such as interest rates, GDP growth, etc. In addition, I am considering learning some coding to at least set up my own alerts. Also, I believe some mathematical/probability courses might be beneficial, but I don't really know where to start with that (I have done some college, no more than Calc 1 though). + +&#x200B; + +So far, a combination of fundamentals with technical appeals to me, although I would consider myself more of a technical trader. Do you guys have any recommendations for further education? More importantly, are my goals within my timeframe even possible? +Let’s play some 4D chess. + +GameStop is aware that all good news is met with major attack to kill hype. + +Every. Single. Time. + +I would take this pattern and use it against them by starting the most incognito reverse FUD move stock has ever seen. + +Step one, pepper in tons of 7/14 references that only apes pick up on via Twitter, crypto codes, you name it. + +Step two, let apes find bread crumb trail and hype the date to the point that listening shills report back to palpatine overlords as probable launch date. + +Step three, shills think they are big brained and set up massive FUD attack and price drop for that date to counteract said launch date. + +Step four, apes are fucking un-breakable so we go about our business like any day letting SHF swing at nothing but air while we buy tasty dip. + +Step five, drop bomb day after or couple days after when SHF have spent all ammo and can’t do shit to shut down hype. + +The opponent whether it be table top, boxing, or warfare that approaches first almost always is disadvantaged. + +Just food for thought. I’m hodling no matter what happens this week, month, or year. + +Edit: this my a response to a comment, but I think I could be more clear up here, “It takes awhile to get their shit together, between shorting etfs, dropping crypto, coordinating media fud etc, it is a lot of effort for them. I agree, they will attack it again, I’m talking more about timing than anything.” + +Edit 2 for extra smooth apes: “yes they can come up with fake shares blah blah, I’m not talking about exhausting them completely. I’m talking about releasing company news in a window of time that catches them off guard and ill-prepared. That way the stock price can reflect positive news. There is always a gap between two swings.” +We have been saving up some money for about 2 years now since my wife got pregnant with our first child (born last year). We are planning to have another child next year and would like to start investing some of our savings into something that would generate passive income for us when we retire (20 years from now). I have been doing some research on the internet and came across a few sites. I was hoping that someone could help me out with some advice as to which of these platforms would be best for us to invest in early start-ups. My wife and I are both in our 40(s) and have a combined income of around $90,000 per year. + +I've done some research on [EquityZen](https://equityzen.com/) and I'm not sure if it's the right place to invest. This platform is very expensive and way beyond my league since I have to be making around $200,000 a year before I can invest here. + +I'm looking into [Hedonova](https://www.hedonova.io/investments/startups) because they were able to offer me a lower rate than [Fundrise](https://fundrise.com/). However, I'm not sure if this is the right place to invest our money either. + +Does anyone have any experience with these companies? +I won’t mention the bank or individual…and let’s say I work in sales. I’m good at it. I can read people’s expressions and emotions to a scary degree. I’m not confessing, I’m bragging ;) +As the good smooth brained ape I am I asked some retarded questions about margin debt and RRP. I can be clear about one thing. This person was visibly scared. Never in their long career have they seen anything like it. They confirmed the Fed is totally and completely propping the stock market. They said “if you’re looking to invest be very careful…in less than 24-hours this whole thing can turn on its head”. +I’m asking my fellow apes to be very honest and look deep inside themselves. When this rocket takes off most apes will paper hand. HODLing on will be the most difficult. Without knowing any of you I can truthfully say I have faith in this community. The world of finance has never really faced the internet until now. Apes, this is the financial revolution. Together we HODL. This is greater than us. This is for our future generations. The future of humanity - because if left in the grips of those in power today, the world will suffer greatly. I HODL for each and everyone of you and your families. Moon soon. God speed. +*Diamond Fuc*ing Hands* +https://www.wsj.com/articles/nearly-5-million-americans-in-default-on-student-loans-1513192375 + +I believe this is behind a paywall... here are the interesting nuggets: + +> The number of Americans severely behind on payments on federal student loans reached roughly 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth. + +... + +> The government’s student-loan portfolio now totals $1.37 trillion. That figure includes debt in repayment; debt for which borrowers aren’t required to be paying down because they are in school or have otherwise been granted temporary reprieves; and debt from an older program that guaranteed loans made by private lenders. + +... + +> “It’s kind of phenomenal given all the tools we have at this point to avoid default that this many people are still winding up in default,” said Clare McCann, an education-policy analyst at New America, a center-left think tank. + +... + +> In some ways, the outlook for the federal student loan program has improved. The rise in default in part reflects an overall increase in Americans entering the repayment cycle. As a share of all borrowers in repayment, new defaults fell in the third quarter compared with a year earlier. + +Student loans are making up an ever-increasing portion of the national debt, and an increasing number defaults is not such a great thing, even though the default rate is lower... +More a rant, than a need for help. + +I woke up this morning to a text message from the Halifax. "There wasn't enough money to cover all payments you requested". + +Panic set in, have I had my money stolen or something? + +I quickly log in to find that my money is in a good state, it's just the fact that internet banking doesn't work over the weekend, so all my standing orders, which are meant to be staggered over a few days, tried to all happen today. Which adds up to over £3k of transfers in and out of my account, to satisfy the requirements of holding the account. + +Why in the 21st century do banks not run on a weekend?! +apart from urging users NOT to use his exchange [the CEO promised a fix for the for the first week of december.](https://www.reddit.com/r/BitcoinMarkets/comments/7eboh7/suggestion_remove_kraken_from_the_header_ticker/dq4egbk/) + + +its now 9 days into december and the exchange is as unusable as in late august. + + +this is EA level of negligence. + + + +A bit of background here, I FatFIREd in November of 2019 - just before covid. I was overworked, completely burnt out, and my health was really not that great. My initial plan after working was to: + +1. Get my health in order (mental and physical) +2. Spend more time with my family/friends +3. Travel +4. Figure out what my next step was + +Unfortunately, things never really go to plan. During 2020 we were hit by a pandemic, I got a divorce, and I started lightly consulting again to keep myself busy. My health has improved a lot but I have not really made much progress on the others. + +Last week, I got a call from the CEO of a company I've a lot of work with in the past. Pre-IPO, high growth "unicorn". $5b valuation, $500m in ARR, and a truly incredible product. + +He is hoping to take the company public in the next 12 months but before he does that, there's a big glaring hole he needs to fix in the product/organization and he wants me to be the person to do that. **Note:** I'm deliberately not saying what the role/issue is to maintain both anonymity of myself and the company. + +I initially said no but then he started mentioning numbers. A $500k base salary, a generous bonus, and NQSOs worth approximately $5mm. I also firmly believe that after the company goes public, the options will significantly increase in value. + +Now, theres the tradeoffs: + +* Knowing myself (and the company) I'll be going back to 80 hour weeks in a high-stress environment. +* I won't be able to fully vest for another 4 years, which effectively postpones most of my FatFIRE plans. +* While I don't think it will happen, there's a risk that those options won't be worth really that much. +* Will I be that much happier increasing my net worth by this much? + +I'm very much leaning no here, but I think the uncertainty of both the economy and the pandemic has me second guessing. Additionally, I'm still really young (34) and maybe this is the right time to take these risks? +My sister in law yesterday had her world blown apart I've done the best I can to help her for now but anything and any advice is needed ASAP. + +Her partner was supposed to get paid yesterday then he revealed he was fired at the beginning of December and has been going out everyday pretending to go to work. + +She works part time but did some overtime in December and earned £700, he normally earns about £1300 but had been paid £0. + +They have a two year old daughter which they get child tax credits for. They are currently claiming no other benefits. + +As of yesterday she kicked the partner out (I'm not sure if this will be short or long term, I suspect it's just for a few days) + +Her bills: + +Rent - £650.00 +Council Tax: £104 +Gas & Electric: £54 +Internet: £60 +Car finance: £113 +Car tax: £22 +Petrol: £30 +Water bill: £33 + +Obviously she can't afford to pay all of these but she doesn't know where to prioritize money, she still has the £700 in the bank. + +Yesterday I've applied for universal Credit for them as a joint couple and I've applied for council tax reduction. + +I'm not sure what else I can apply for them or do to help them out. She is unable to apply for a universal Credit advance until after her appointment on the 9th. + +Please and thank you for any advice. + +Edit: posted an update as a comment to the same thread here: https://www.reddit.com/r/UKPersonalFinance/comments/eigsxl/s_has_hit_the_fan_for_my_sister_in_law_any_advice/fcqyhhe?utm_medium=android_app&utm_source=share +If I want to value a firm, let’s say a firm like Coke, how should I go about it? + +My thinking is that, for simplicity, I assume that I own 100% of the Coke (nice thought). + +Let’s say, I’m approached to sell all of it. + +How do I come up with a price to sell? + +I get my cash flow average, reasonably estimate 5-10 years of growth period or recession in it and discount it with a relevant WACC or something that makes sense. + +With this, I estimated 5-10 years of the company’s worth. + +Then I estimate the Terminal Value, either using FCF or earnings, via Multiple or Perpetual methodologies, obviously discounting using the long-term rate/WACC. + +Is this all? + +At this point, I’ve estimated 5-10 years' worth in the present value dollars as well as the Terminal Value (post 10 years’ worth) in today’s dollars. + +What about the past of a company like Coke. Even if Coke doesn’t earn a dime tomorrow and in 10 years, it’s still worth a liquidation value. + +Therefore, I determine what that is, taking all assets, subtracting all liabilities, calculating legal and other fees to dissolve and determining the value of the current stance of the company. + +Therefore, to properly value my “Coke” I use the three numbers mentioned above. + +I’m hoping to hear your thoughts on what I didn’t include or what I included that wasn’t right. + +We all know that valuation models are a lot more complex than what I’ve described, but I want to ensure that the basics are discussed. +Hi guys! + +Seeing as though some of the biggest news outlets I know such as Marketwatch, Investopedia, WSJ, and other big names seem to be influenced/bought by market manipulators, what are the best online blogs/journals/newspapers that I can regularly turn to for news/alerts about the stock market and investing in general? + +I am looking mostly for **US or EU news**. + +Thank you for your recommendations! +What stocks are on your radar this week? + +What's in the news that's affecting the market? + +Celebrate your successes, rue your losses, or just chat with your fellow Value redditors! + +*(New Weekly Megathreads are posted every Monday at 0600 GMT.)* +I am trying to learn about Value Investing. I am currently reading The Intelligent Investor. In chapter 14 of Benjamin Graham's Intelligent Investor he discusses a maximum P/E ratio a stock in a defensive investor's portfolio should have based on what an equivalent AA-rated corporate bond would yield. + +\`The formula Zweig's footnotes is that you divide 100 by the AA rate to get the maximum and then take 20% off of that. Am I interpreting it right that at todays average corporate AA bond rates of 1.78% that would allow for a maximum P/E of 56 and recommended P/E of no more than 45? If that is the case are most stocks really not as overvalued as people have been saying? +I am by no means an economist. I am a newbie, who enjoyed The Intelligent Investor. + +I apologize if this is the wrong sub, but I’m so confused. I’m getting amazing returns right now, but it makes no sense to me because the GDP dropped by nearly 33% and unemployment is up. I’m feeling like the other shoe might drop anytime soon, but I don’t know. So my question is basic: Why is the market doing so well right now? + +I understand why Tech stocks are doing well, especially with the massive shift to online, but what about the rest of the market? +If there’s a stock with solid cashflows. But will never pay a dividend or buyback shares. Assuming it has no liquidation value. Is it actually worth anything? + +Thanks +TLDR: How are we to handle negative enterprise values when calculating earnings yield? + +**Context:** + +Finished the *Little Book That Still Beats the Market* and built a spreadsheet version of the [Magicformulainvesting.com](https://Magicformulainvesting.com) (MFI) screener to better understand the nuts and bolts. + +The goal is to use the spreadsheet as a screener, possibly weighting risk and momentum too — then do DCF valuations for the top ranked stocks. + +Comparing my spreadsheet to the MFI screener, there's sufficient overlap so I'm on the right track. + +I'm not sure how to handle negative enterprise values though. For reference, the calculations for enterprise value and earnings yield are: + + Enterprise Value = Market Cap + Total Debt - Cash & Equivalents + Earnings Yield = EBIT / Enterprise Value + +**Question:** + +How are we to handle negative enterprise values when calculating earnings yield? + +Take this example: + +|COMPANY|EBIT|ENTERPRISE VALUE|EARNINGS YIELD| +|:-|:-|:-|:-| +|ABC|$ 500,000,000|$ (200,000,000)|\- 250%| +|DEF|$ 1,000,000,000|$ 10,000,000,000|10%| +|GHI|$ 7,500,000,000|$ 75,000,000,000|10%| + +ABC has more cash than the sum of its market cap and debt, which is why the enterprise value and subsequently earnings yield are both negative. + +The MFI strategy prizes companies with less debt and more cash, but the earnings yield formula penalises companies when enterprise values are negative (as per the above example). The MFI screener though, does not — so the site clearly has a workaround for these outliers. + +A solution offered by [Business Insider](https://www.businessinsider.com/magic-formula-investing-amp-the-little-book-that-beats-the-markets-greenblatts-roc-amp-earnings-yield-approach-2011-4) is to zero out negative enterprise values but a) cash-rich companies aren't free and b) you can't divide by zero. + +Another solution offered by [Value Signals](https://www.valuesignals.com/Blog/Posts/this_inverted_earnings_yield_will_improve_your_models) is to invert the earnings yield metrics (e.g., EV/EBIT instead of EBIT/EV) but this doesn't work either — a lower denominator will always result in a higher rank, and if EBIT is the denominator we're rewarding companies with lower earnings. + +You could simply not include cash and equivalents when calculating enterprise value, but this also isn't right — if you're buying a business, you're buying it's cash too. + +For now, I've settled on making the earnings yield absolute, to reverse negative enterprise values (e.g., -250% becomes 250%). Whilst this gets you pretty close to the MFI screener, it feels ham-fisted — maybe it wouldn't if I could explain why it appears to be a serviceable fix, but I'm struggling to. + +So, I'm a bit stumped. Would appreciate your input. + +PS. There aren't many companies with negative enterprise values, so it won't take long to adjust their earnings yield by hand. + +PPS. MFI screener quarterly data is lagging. OVID for example, unlikely to rank as highly when the most recent quarterly results are incorporated. Watch out for lagging data if you're using the screener. +Hello. I came to ask if anyone could tell me how to understand and learn about different industries. Do you read specific books or watch documentaries? For example, I would like to understand the oil industry. How would you learn about this industry so that you can use this knowledge later on when investing? At the moment i don't have the slightest idea how to even start to learn about an industry as it seems very broad and to understand it you have to do a lot of work. I would be very grateful if someone could share their tips or explain to me what I should be doing in more detail. +Hi. I was just wondering if anyone has any suggestions about steps in the due diligence process. Like, you will read the annual reports of the company and its competitors/industry, but are there any other standard steps in the due diligence phase that you perform regularly? + +Thanks. +The Bank of England will release the new polymer £20 note featuring artist JMW Turner into general circulation on Thursday. Both notes will be accepted as legal tender for a period of time before the old one is withdrawn. + +[https://uk.finance.yahoo.com/news/new-polymer-20-notes-going-into-circulation-today-050017745.html](https://uk.finance.yahoo.com/news/new-polymer-20-notes-going-into-circulation-today-050017745.html) +&#x200B; + +# EDIT - POST ATTACHED - [CONVERTIBLE BONDS](https://www.reddit.com/r/Superstonk/comments/mmz5yx/convertible_bonds/) FROM u/ATOBITT + +&#x200B; + +I started going down the rabbit hole of convertible bonds and boyyyyy are you on to something u/atobitt + +&#x200B; + +&#x200B; + +**TA;DR - SO, you want an ELIA? I think** u/atobitt **is going to do a DD on this and he'll explain it much better than I.** + +**But for the meantime lets ape it down;** + +&#x200B; + +* A convertible bond pays fixed-income interest payments, but can be converted into a predetermined number of common stock shares. +* The conversion from the bond to stock happens at specific times during the bond's life and is usually at the discretion of the bondholder. +* A convertible bond offers investors a type of hybrid security that has features of a bond, such as interest payments, while also having the option to own the underlying stock. + +&#x200B; + +You buy the bond, you get interest on the bond and at specific points, you can convert that bond into stock of the company. It's effectively a bond with a call option on the stock. + +&#x200B; + +*As an example, let's say Exxon Mobil Corp.* [*(XOM)*](https://www.investopedia.com/markets/quote?tvwidgetsymbol=xom) *issued a convertible bond with a $1,000 face value that pays 4% interest. The bond has a maturity of 10 years and a convertible ratio of 100 shares for every convertible bond.* + +*If the bond is held until maturity, the investor will be paid $1,000 in principal plus $40 in interest for that year. However, the company's shares suddenly spike and are trading at $11 per share. As a result, the 100 shares of stock are worth $1,100 (100 shares x $11 share price), which exceeds the value of the bond. The investor can convert the bond into stock and receive 100 shares, which could be sold in the market for $1,100 in total.* + +[link](https://www.investopedia.com/terms/c/convertiblebond.asp) + +&#x200B; + +# Arbitrage + +&#x200B; + +**Arbitrage** is the simultaneous purchase and sale of the same asset in different markets in order to profit from tiny differences in the asset's listed price. + +&#x200B; + +So basically what Kenny would do is take both positions in Convertible bonds and the actual stock. + +&#x200B; + +If the stock goes down - Kenny has a short position, he's fine + +If the stock goes up - Kenny has convertible bonds that he can convert to actual stock to sell for a profit. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +&#x200B; + +So... + +EDGAR was pretty easy to find anything relating to convertible bonds and Citadel. Just type in 'convertible citadel' into EDGAR and every filing that mentions both Citadel and the word convertible shows up. That sounds extremely patronising (I don't intend it to be!). + +Funny how when I do this, all of these wonderful therapeutic companies show up.... + +&#x200B; + +&#x200B; + +https://preview.redd.it/iwiyk5jov5s61.png?width=1899&format=png&auto=webp&s=3cab9d4a6a10bbe1f1a1b7d8ac941979241a1327 + +&#x200B; + +&#x200B; + +Secondly, I'm not sure if you're looking into it from this angle but **Convertible Bond Arbitrage** is what made Kenny G a very rich man in the late 80's. I'm still trying to wrap my head around it but I believe the information would be much easier for a wrinkled brain like you to digest. Here some of the answer I found by digging into Ken and convertible bonds. + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +In answer to your question “**Why was Ken Griffin so successful with his convertible bond arbitrage strategy in 1987?”** + +I’m glad you asked WHY he was so successful with convertible arb. Because of the reasons or what made the trade possible. + +**CONVERTIBLE ARBITRAGE TRADE** + +I worked for an arbitrage firm in the early 80s, so in answering your question, I’ll also describe the markets at that time. Convertible Arb was “classic arbitrage” where the trader bought the convertible bond and shorted the common stock - the difference between the value of the bond and the value of the stock (amount sold = the conversion ratio of the convertible bond), resulting in a profit. + +In the 1970s - early 1980s, with the stock market depressed and interest rates high, very few retail clients purchased converts. Without that demand, the convertible bonds tended to trade cheap. It was this type of misalignment in value which presented the arbitrage. Which made good money until 1982. + +**DOW RALLIES, CONVERTIBLE BONDS FOLLOW** + +In March 1982, the dow began a multi-year rally, more than doubling from 2170 to 5768 in October 1987. Interest rates started to go down from the highs of 1981 (30 yr treasuries traded as high as 14% in 1981 and as low as 7 1/4 in 1986). + +Against this market backdrop, investors began purchasing convertible bonds again. This narrowed the spread, leaving little arbitrage opportunity. + +**THE CRASH OF 1987, WHERE KEN GRIFFIN COMES IN** + +**Then in 1987, when the market “crashed”, convertible bonds sold off much more than the common stock. The convertible bonds became so cheap relative to the common stock the arbitrage window opened again and Ken Griffin was clever enough to notice this and have the capital to commit to the trade.** + +**After the crash in 1987, stocks restarted their climb higher bringing back demand for the convertibles. In this market, Ken reversed his position, locking in a substantial profit.** + +**POST CRASH MARKET DYNAMICS** + +The demand for convertibles grew from there. As mutual fund company’s opened convertible funds and real investors were holding the bonds long term. + +Once again spreads narrowed, leaving little arbitrage opportunity on the table. By 1999 most convertibles traded at a hefty premium to the common stock. Convertible Bonds have hybrid benefits from both the stock & bond markets and both markets rallied during that time. + +**SUMMARY** + +Ken Griffin, in 1987 recognized the market sell-off caused convertibles to weaken relative to the common stock and put on the “classic arb” of long convertibles and short stock. + +He waited until the spread between the two normalized (narrowed) and reversed position. Locking in his profit. Clever man, Mr. Griffinn is. Clever man, indeed. + +&#x200B; + +# + +# AND + +&#x200B; + +In many “stock market crashes” the principle reason for the dramatic decline is liquidity. An otherwise relatively normal down day becomes a disaster as more and more people decide to sell and less people want to buy, driving prices down rapidly and encouraging the cycle to continue. [Image](http://image.minyanville.com/assets/FCK_Jan2013/images/Josh/buysell.jpg) + +&#x200B; + +https://preview.redd.it/3fwoyuv4w5s61.png?width=602&format=png&auto=webp&s=9b5a59254cdc4b592ac338243f9557edfa10e15b + +In 1987, convertible bonds declined more than the underlying stock for this very reason. The market for these bonds was a lot smaller than the market for the stock (generally the more specialized the product the smaller the market), so any sellers were essentially looking into a blank void of buyers. They had to lower their ask to pretty obscene levels just to tempt somebody to take the bonds off their hands. In hindsight this seems foolish but once the market is down 10%+ in a matter of minutes rational behavior tends to fly out the window. + +Ken Griffin may have had on what’s referred to as a [Chinese Hedge](http://www.investopedia.com/ask/answers/09/chinese-hedge.asp) whereby he was short the convertible bonds and long the underlying stock, in anticipation of collecting a small premium so long as the stock price doesn’t fall (if a convertible is a bond + equity option, then as time passes the equity option will expire worthless- thereby driving down the price of the convertible over time even if the stock price stays flat). + +Ironically, he would have been short vol due to this and only ended up with a profit (instead of a massive loss) because the market fell **so much** that the comparatively small liquidity on his short bond position saved his long stock position. In other words, he likely would have lost a lot of money if the market had fallen only -5% or -10% but was saved because the market fell -20%. If this is indeed what happened, then it would seem the reason for his profit in 1987 was merely a stroke of luck. + +&#x200B; + +WRINKLESSSS + +[link to the above](https://www.quora.com/Why-was-Ken-Griffin-so-successful-with-his-convertible-bond-arbitrage-strategy-in-1987) + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**I'll just be adding on as much information as possible for you to hopefully reference through and pick out anything valuable. Should stop incessant scouring across the web.** + +&#x200B; + +In one filing, convertible bonds are also referenced as ***Equity linked securities*** + +*“equity-linked securities” are to any debt or equity securities that are convertible, exercisable or exchangeable for shares of our Class A common stock issued in connection with our initial business combination including but not limited to a private placement of equity or debt;* + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Citadel seems to have a big holding Bolt Therapeutics and convertible bonds + +&#x200B; + +https://preview.redd.it/chvq5h6i76s61.png?width=816&format=png&auto=webp&s=1afcdb0a1286a431eafb2a3d4b7ecb4f6de0a8c1 + +# + +https://preview.redd.it/dii68g7s76s61.png?width=871&format=png&auto=webp&s=c49ec1f195b27fc16a87bf5e046b76f5b1db079e + +&#x200B; + +&#x200B; + +&#x200B; +I bought call options contracts on NIO in mid feb that had an april 1st expiry date...I sold to close and now NIO rebounded and I'm sitting here realizing how much I failed +I am an absolute noob at trading, let alone options trading. + +I wanted to buy 12c 08/21 which was trading at 0.18 at the time. I placed the order for 20 contracts and it would not take the limit of 0.18 on RH, it kept saying that the trade has to be in 5cent increments so I had to place a limit buy with .20 limit. The order executed for 20cents a contract (total $400) and I was already down $40 as soon as the buy executed. So now I waited for the Corn report and knew it was bad. In a bid to minimize my losses I wanted to sell my contracts and they were still trading at 18cents for the 12c 08/21, but then again I was unable to place the sell order with a limit of 0.18 as RH said it had to be in 5cent multiples. So I placed a Limit sell at 0.20 + +So I decided to wait it out and see if by any chance the contract would go up in value to 0.20 so I can break even and sell at 0.20. Well the 8/21 calls started dropping in value and suddenly started trading at 0.13 not even 0.15. Now I just decided to sell no matter what and was forced to set limit of .10 since if I set it at 0.15 it would not sell, just like it had not sold at 0.20. So I end up placing sell limit order at 0.10 which executed immediately so my total loss within a span of couple of hours was 50% ($200) of my initial $400 investment. + +Am I making some rookie mistake here?? + +Edit: How do you place market orders to not lose money this way and be able to buy/sell at the market price which is not a multiple of 5 cents?? Just to be clear this is my question. + +Edit 2: Y'all gave me some good inputs. Many lessons learnt for sure... +&#x200B; + +This paragraph is straight gangsta. + +GameStop recognizes that the stock price has risen in the past couple of years and in doing so, has priced out many people who wish to buy in but can't. They recognize that a stock split will reset that price for common share down to a desirable level and one that will allow many, many more people to buy in. + +GameStop is essentially saying (and telling hedgies), you think this is a lot of people buying our shit now, wait till we split this mother fucker, dropping the price down and watch thousands more people FOMO in and really fuck your short positions up. + +Power to the Players + +https://preview.redd.it/a8et6yg9b3t81.png?width=783&format=png&auto=webp&s=d950dac6881c0f40059e55c619d110a53ef5b1ad +Silver’s market cap is $1.35T which Bitcoin will surpass when it reaches $74,000 and achieves a market cap of $1.36T. This could happen any day now. + +Silver is seen as one of the most legitimate assets by the majority of the world. It has been valuable since the dawn of civilization and Bitcoin could very soon replace it as the #7 most valuable asset in the world by market cap. + +I think this will be a very significant event that will bring even more attention to Bitcoin and crypto. + +What do you think will happen when Bitcoin flips Silver? +I've been trading stocks for \~15 years and options for \~10. I have a full-time job and just do this on the side, but I've seen and tried a lot of stuff. + +One of my favorite trading strategies involves selling SPX put credit spreads around 9-10 delta (2-5% OTM), 2 days to expiration. Crazy, right? Yeah, sounds like it. But bear with me while I lay out the nitty-gritty. I like the strategy so much that I've decided to (finally) lay it out in full detail for others to learn. + +My inspiration for this started after reading and following Karsten's "Passive income through option writing" from [EarlyRetirementNow.com](https://earlyretirementnow.com/2016/09/28/passive-income-through-option-writing-part1/). He lays out his reasoning and thought process way better than I ever could, so if you like what you see here, go check out his stuff as well for more research and a twist on what I'm doing. + +**What I Do** + +Every Monday, Wednesday, & Friday, I sell (open) new put credit spreads on SPX that expire at the closest expiration. So, Monday, I sell SPX spreads that expire Wednesday. Wednesday, I sell spreads that expire Friday. Friday, I sell spreads that expire Monday. I hold these all the way to expiration and then open a new position with the next expiration. 95% of the time, these expire worthless and I collect full premium. The other 5% of the time, I suffer a small or large loss. Over the long run, the expected return blows the market out of the water....which leads me to: + +**Expected Return** + +I've been running this since May 2019 and am averaging something around **150% APY** based on max risk for the spread. It's absurd. Don't believe me? My full trade log is published [here](https://wealthyoption.com/trades), and I update it in real-time. (Yes, that's my website. No, I'm not selling any kind of product/service there. More on that later) + +**Risk & Drawdown** + +This massive positive return doesn't come without a cost, of course. And if something sounds too good to be true, it usually is. And the cost here is that, yeah, while annual return is a ridiculous 150%, max drawdown can be 100% or more. ***Whaaaaat?!*** Yeah, that's right. While these spreads expire worthless 95% of the time, the other 5% can result in huge losses. These losses can accumulate up to 100% or more depending on the environment. + +So this is a guaranteed way to blow up your account, right? Well, it is if you allocate too much capital to it. But if you keep your allocation small (which I do), then a 100%+ drawdown for this one strategy will be a small fraction of your overall portfolio. I personally only allocate about 10% of my total portfolio to this. What that means is that if/when this trading plan suffers a 100% loss, that only represents 10% drawdown for my portfolio, and I can tap into my other investments to "replenish" this trading plan. + +These massive losses do happen, but they don't last long. I ran this very strategy through COVID-19 when VIX moved from 13 to 85 in a month, and my max drawdown was "only" about 125%. I reloaded from my other investments, and this put selling strategy recovered and turned green in 2020 before the market itself did...after I went down 125%. + +**Pennies, Meet Steamroller, Right?** + +Yeah, this is pretty close to the definition of picking up pennies in front of a steamroller. There's nothing inherently wrong with that IF: + +1. The pennies that you collect add up to more than what the steamroller takes away +2. You limit allocation so that when the steamroller hits you, it doesn't destroy you + +\#1 - I collect around 2.3% premium per position compared to max risk (spread width). 95% of the time, they expire worthless, so I keep the full 2.3%. The other 5% of the time, I suffer what is usually a large loss, averaging around 20%. Do the math here: 95 \* 2.3 is 220% gain on the wins. 5 \* 20% is 100% loss on the losers. 220% - 100% makes for a very positive expected return...So that takes care of #1. The pennies I collect far outweigh the steamroller when it hits me. + +\#2 - I only allocate 10% of my overall portfolio to this. When the steamroller hits me and results in a 100% loss for the strategy, I'm not wiped out. That's only 10% drawdown on my account, which is easy to recover from. This is what so many people miss when talking about the ole steamroller. If you just keep allocation in check, it's *okay* to get hit by a steamroller every now and then. + +**Trade Process - Timing & Strike Selection** + +The process here is simple. Every M/W/F afternoon, open a new set of put spreads expiring at the next expiration. Monday's position expires Wednesday. Wednesday's position expires Friday. Friday's position expires Monday. My short strike is around 9-10 delta. My long strike is 100-150 points below that. This results in a short strike around 2% OTM in low IV environments and 5% OTM in high IV environments. The long strike will be 5-10% OTM, again depending on IV. It'll be farther out as VIX rises. + +You only suffer max loss if the S&P500 drops 5% in a day or two out of absolutely nowhere (VIX < 15), or if S&P500 drops 10% in a day or two ***after*** freefall has already started. In 18 months, and with VIX rocketing to 85 during that timeframe, not once has one of my spreads even seen max loss....I'm sure it'll happen at some point, but if didn't happen in 2020, I'm curious to see when it would happen. + +**Why SPX** + +* 3 expirations available every week (Monday/Wednesday/Friday) +* Highly liquid +* Cash-settled. No underlying given to me on assignment. +* Low trading fees (for me personally - your mileage may vary) +* Beneficial tax treatment (60/40% long-term based on IRS 1256 contract straddles) +* Less "paperwork" to file for taxes. Futures and index options aggregate together on IRS tax forms, eliminating 200 line items from this trading strategy in a year + +SPX is awesome. + +**Alternatives to SPX** + +Some of you may not have access to SPX options. Or your account isn't large enough to be handle SPX options. They are huge. A single contract represents $300k notional. The cash-settlement and risk-defined trades help diminish the impact of size, but it's still a lot of underlying to carry around. /ES (futures) are half the size and should work as well (just be sure you understand fees, assignment, and liquidity first). SPY can also work and is even smaller than /ES. Again, understand assignment of shares and fees. You also lose the tax benefit with SPY. But on smaller accounts, this may be the only viable option. + +**More Reading + Full Trade Log and Performance History** + +I set up a website dedicated to just this one strategy. It's not an interactive website or anything. I'm not selling anything or pushing a service/newsletter. It's just a place where I can define the strategy in way more detail than I've done here, and also a place where I can maintain a current and updated log of all of my trades and performance history. To learn more about the strategy and see actual trades/performance, check out the website: + +[https://wealthyoption.com](https://wealthyoption.com/) + +I am ***not*** selling or advertising anything on that site, whether my own stuff or somebody else's. Yes, there's a donate page up there, but that's not why I created the site and not why I posted this. But if you find this, love it, and want to return the favor, there's at least that option. + +**Questions / Suggestions** + +If you're interested in this but have questions/concerns, fire away. I like to teach people, and I'm here to help. + +Or, if you're a pro or tried something like this before and see or know something that I'm missing, let me know that as well. Try to blast holes in my trading plan! I feel good enough about it now to finally share with the masses....but if there are any glaring holes or flaws, I want to know what those are. + +**Hope you enjoyed reading!!** +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! + +*The fastest and easiest way to earn Ethereum in a fully decentralised ecosystem.* + +EverETH was established to generate passive revenue for the community. Simply holding EverETH in the wallet will earn Ethereum. The project represents a totally decentralized, open-source platform that is entirely driven by the community. The more EverETH owned, the more ETH will get automatically in the wallet. + +Holding EverETH is more profitable than an Ethereum mining rig because EverETH is a reflection token. Every transaction is automatically activated by the smart contract to counteract any major sell-offs or general market volatility. + +For example, an Ethereum mining rig will costs around 3000 USD, and return of investment will be less than what 3000 USD worth of EverETH will generate. The following features sustain this theory: + +● 10% of every buy/sell is seized and redistributed in Ethereum (BEP-20) to all EverETH holders. No need to claim earned Ethereum. It's automatically sent to the wallet. + +● As more tokens are acquired, the token's exclusivity increases, boosting the value of the EverETH holdings. Because EverETH is entirely decentralized, there is no single primary owner of the coin, or in other words the token is owned by the community. + +● One distinguishing quality of the project is that the developers are upfront about their ambitions for the money. EverETH intends to grow further into the crypto sector by producing new goods to secure the token's long-term viability. The EverETH community is strong and expanding regularly. The EverETH team consists of a talented collection of developers, designers, and moderators who constantly are working for the project. + +To summarize, + +\- 10% Ethereum Rewards + +\- 1% Ecosystem Fee + +\- 1% Automatic Liquidity Fee + +\- Ownership Renounced + +\- Techrate Audited + +\- Certik + Skynet Audit Onboarded + +\- Featured on Yahoo Finance, Bloomberg and Benzinga + +\- Paid 3M+ USD Rewards + +\- Big development catalyst, EverETH Wallet coming this Q4 2021 + +The EverETH community is expanding regularly and the project value is likely to climb more as scarcity encourages price increases. Join now! + +Telegram: [https://t.me/EverETHofficial](https://t.me/EverETHofficial) + +Website: [EverETH.net](https://EverETH.net) + +How about this? + +Don't forget to DYOR and stay safe! +Hey guys. I'm playing more and more golf and I've had my eye on a local country club to join. They have some great stuff for the kids, and unlimited golf for me. I'd love to hear your thoughts. + +Also, they are in the private club network for golf. Anybody use this network for golfing other clubs? Thoughts here? Thanks. +Good Morning! + +So today is the Quarterly OPEX (options expiration) date for ETF and Index options. + +These dates have marked the beginning of GME's quarterly run cycle since 2020 and are outlined pretty clearly in [Section 2 of MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/). + +This is the day that obligations come due for ETF options used to synthetically short GME over the previous quarter. These are a gamma exposure event, coupled with the return of supplemental liquidity deposits. + +Historically the price action from these expirations occurs on T+2 from today (next Thursday Morning at the latest) these can be observed here on the FTD chart. + +[These expirations occur on the 3rd Friday of Feb\/May\/Aug\/November And the price action is realized the following week.](https://preview.redd.it/hral45yrili81.png?width=2454&format=png&auto=webp&s=85299b7f574834a3ef5fbc8717f71b1d06483a5b) + +Last November they hedged in advance. This created a situation were a larger amount of the price action occurred the week before OPEX as opposed to the week of. + +[This lowered the volume and volatility expectation for the following week](https://preview.redd.it/khs55thdjli81.png?width=1561&format=png&auto=webp&s=1ef0d80defa45570826e24a6b5ec2bc9398f1e87) + +We should be aware that this doesn't look too dissimilar from our current price action. + +[I expect if we see a large price move today this would indicate pre-covering of the Gamma exposure due next week and would be extremely wary of another rug-pull type situation. ](https://preview.redd.it/rmhrk8dzjli81.png?width=1570&format=png&auto=webp&s=b26cd9218c6f7e8d3612712a55f9b264f6f22ea6) + +Even though exposure is significantly higher this time around than it was in November, Yelyah's Gamma Maximum indicates that a run above 150-160 is unlikely to be sustained and I would say very unlikely to see anything above 180, unless some serious options buying occurs to push that ceiling up. + +[Seen here on our 90 day volume by strike, Options OI falls off pretty hard after $150 with the next highest being $180 then $200.](https://preview.redd.it/3g2sbt8xkli81.png?width=2501&format=png&auto=webp&s=4ef05e5208d0e36e7708ecaf35958ff2718ae47a) + +[Another example](https://preview.redd.it/ry3yokrwlli81.png?width=2479&format=png&auto=webp&s=69fc3f4e964d02ac7e59712c5aa3bc8f3cb2bc23) + +[GEX has mostly stabilized for this week but if we see decent &#37; gain today this could spike into next week. ](https://preview.redd.it/eerb3wvjlli81.png?width=2487&format=png&auto=webp&s=cddea35ea196d394dba7f50a7e866e565685abc7) + +**DIX Pics** + +[Dark Pool Volume spiking above it's 10 average yesterday as the shorting occurred into the late afternoon](https://preview.redd.it/tjaw2q21mli81.png?width=2495&format=png&auto=webp&s=f330991c5877b6b42d52507ee46b891ec66f3ebb) + +[IV up about 4&#37; from yesterday even with the price drop](https://preview.redd.it/3okp23s9mli81.png?width=2485&format=png&auto=webp&s=1efa2e029a77f8cc83290d8ec9128452895514db) + +The next few days are gonna be super bullish for GME with OPEX coming in we should expect price improvement and a bump in IV over the **NEXT 3 TRADING DAYS.** Remember they can complete covering at anytime and since we are so closely resembling November's trend be wary of a rug pull. The last thing to note is we are going into this run at almost 100% short utilization meaning if some serious momentum is realized we could just keep going up. + +[Nice bounce setup on the one hour as well off this bottom support from Monday, resistance on the upside at 126, 130, 135, and 140.](https://preview.redd.it/r609wnuymli81.png?width=1570&format=png&auto=webp&s=fad4499d823ed17e565df79e82b7a518c25c651a) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-market + +Took less of a hit on the day than expect after we didn't see any indication of pre-hedging next week it's looking like we are gonna experience a more volatile run than we saw in November. The did successfully keep that call OI at 125 out of the money but the should still be a significant amount of exposure coming due next week. I'm going to reiterate this a bunch so people aren't burned on expectations. The current Gamma Maximum indicates a conservative range between 140-160 with a **possible** peak at \~ $180. Thank you for tuning in, I will see you Tuesday morning as the US markets will be closed for Presidents Day. + +\- Gherkinit + +https://preview.redd.it/51womlj2qni81.png?width=730&format=png&auto=webp&s=f012f455b8f152da2f527e9ffcb55f40cadf49a6 + +Edit 4 1:08 + +Still clawing our way back above 121 most of todays price action seems to be the goal of keeping large OI at 125 and 130 out of the money. + +https://preview.redd.it/oohxvkqvtmi81.png?width=1525&format=png&auto=webp&s=b080f820adf4d3c2eae0fda1d51a8aea7169ec8c + +Edit 3 11:40 + +Inverse head and shoulder bullish signal on the 1 and 5m time frame + +https://preview.redd.it/dqmlh60ydmi81.png?width=1576&format=png&auto=webp&s=ac554572b245ec7a9a606de2d7ea4f3c5ef823fb + +Edit 2 10:32 + +Even more indication that there will be no pre-hedging today. we just broke down through thetrend on the 1h, our support after this breakdown at 120.33 with another trend support at 115. + +https://preview.redd.it/2fh4atrw1mi81.png?width=1570&format=png&auto=webp&s=008694a9bfcf348ab42f74a3f9a0eddd1631ff92 + +https://preview.redd.it/fjz0tuw72mi81.png?width=1576&format=png&auto=webp&s=1f30f0875577ee8c2b3dcaee46205f6dcdf1f471 + +Edit 1 10:00 + +Low opening volume so far today it looks like we are just tracking with the SPY no indication either way of if the are pre-hedging or not. + +https://preview.redd.it/gu4aknl0wli81.png?width=1575&format=png&auto=webp&s=809913faa1022516fc0f14777398f1991357c94c + +# Pre-market Analysis + +Pre-market with a very slight price bump and slightly better volume than yesterday but not much. We have already failed a retest of the resistance at 126. + +Volume: 10.34k + +Max Pain: $125 + +Shares to Borrow: + +IBKR - 100,000 @ 1.9% + +&#x200B; + +https://preview.redd.it/hsws3fglnli81.png?width=1570&format=png&auto=webp&s=70fd291488d603e4d6f5f9cd998832bd944319a6 + +TTM Squeeze + +https://preview.redd.it/c2djp5raoli81.png?width=2459&format=png&auto=webp&s=c88a2b59aabdef3d831ccfb26bb523e1936d9780 + +CV\_VWAP + +https://preview.redd.it/fhdwo4vjoli81.png?width=2457&format=png&auto=webp&s=8d82e2e5860a2af89fadf518dd4a4d525e5ff4cd + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Good Morning! + +So today is the Quarterly OPEX (options expiration) date for ETF and Index options. + +These dates have marked the beginning of GME's quarterly run cycle since 2020 and are outlined pretty clearly in [Section 2 of MOASS the Trilogy: Book One](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/). + +This is the day that obligations come due for ETF options used to synthetically short GME over the previous quarter. These are a gamma exposure event, coupled with the return of supplemental liquidity deposits. + +Historically the price action from these expirations occurs on T+2 from today (next Thursday Morning at the latest) these can be observed here on the FTD chart. + +[These expirations occur on the 3rd Friday of Feb\/May\/Aug\/November And the price action is realized the following week.](https://preview.redd.it/hral45yrili81.png?width=2454&format=png&auto=webp&s=85299b7f574834a3ef5fbc8717f71b1d06483a5b) + +Last November they hedged in advance. This created a situation were a larger amount of the price action occurred the week before OPEX as opposed to the week of. + +[This lowered the volume and volatility expectation for the following week](https://preview.redd.it/khs55thdjli81.png?width=1561&format=png&auto=webp&s=1ef0d80defa45570826e24a6b5ec2bc9398f1e87) + +We should be aware that this doesn't look too dissimilar from our current price action. + +[I expect if we see a large price move today this would indicate pre-covering of the Gamma exposure due next week and would be extremely wary of another rug-pull type situation. ](https://preview.redd.it/rmhrk8dzjli81.png?width=1570&format=png&auto=webp&s=b26cd9218c6f7e8d3612712a55f9b264f6f22ea6) + +Even though exposure is significantly higher this time around than it was in November, Yelyah's Gamma Maximum indicates that a run above 150-160 is unlikely to be sustained and I would say very unlikely to see anything above 180, unless some serious options buying occurs to push that ceiling up. + +[Seen here on our 90 day volume by strike, Options OI falls off pretty hard after $150 with the next highest being $180 then $200.](https://preview.redd.it/3g2sbt8xkli81.png?width=2501&format=png&auto=webp&s=4ef05e5208d0e36e7708ecaf35958ff2718ae47a) + +[Another example](https://preview.redd.it/ry3yokrwlli81.png?width=2479&format=png&auto=webp&s=69fc3f4e964d02ac7e59712c5aa3bc8f3cb2bc23) + +[GEX has mostly stabilized for this week but if we see decent &#37; gain today this could spike into next week. ](https://preview.redd.it/eerb3wvjlli81.png?width=2487&format=png&auto=webp&s=cddea35ea196d394dba7f50a7e866e565685abc7) + +**DIX Pics** + +[Dark Pool Volume spiking above it's 10 average yesterday as the shorting occurred into the late afternoon](https://preview.redd.it/tjaw2q21mli81.png?width=2495&format=png&auto=webp&s=f330991c5877b6b42d52507ee46b891ec66f3ebb) + +[IV up about 4&#37; from yesterday even with the price drop](https://preview.redd.it/3okp23s9mli81.png?width=2485&format=png&auto=webp&s=1efa2e029a77f8cc83290d8ec9128452895514db) + +The next few days are gonna be super bullish for GME with OPEX coming in we should expect price improvement and a bump in IV over the **NEXT 3 TRADING DAYS.** Remember they can complete covering at anytime and since we are so closely resembling November's trend be wary of a rug pull. The last thing to note is we are going into this run at almost 100% short utilization meaning if some serious momentum is realized we could just keep going up. + +[Nice bounce setup on the one hour as well off this bottom support from Monday, resistance on the upside at 126, 130, 135, and 140.](https://preview.redd.it/r609wnuymli81.png?width=1570&format=png&auto=webp&s=fad4499d823ed17e565df79e82b7a518c25c651a) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-market + +Took less of a hit on the day than expect after we didn't see any indication of pre-hedging next week it's looking like we are gonna experience a more volatile run than we saw in November. The did successfully keep that call OI at 125 out of the money but the should still be a significant amount of exposure coming due next week. I'm going to reiterate this a bunch so people aren't burned on expectations. The current Gamma Maximum indicates a conservative range between 140-160 with a **possible** peak at \~ $180. Thank you for tuning in, I will see you Tuesday morning as the US markets will be closed for Presidents Day. + +\- Gherkinit + +https://preview.redd.it/51womlj2qni81.png?width=730&format=png&auto=webp&s=f012f455b8f152da2f527e9ffcb55f40cadf49a6 + +Edit 4 1:08 + +Still clawing our way back above 121 most of todays price action seems to be the goal of keeping large OI at 125 and 130 out of the money. + +https://preview.redd.it/oohxvkqvtmi81.png?width=1525&format=png&auto=webp&s=b080f820adf4d3c2eae0fda1d51a8aea7169ec8c + +Edit 3 11:40 + +Inverse head and shoulder bullish signal on the 1 and 5m time frame + +https://preview.redd.it/dqmlh60ydmi81.png?width=1576&format=png&auto=webp&s=ac554572b245ec7a9a606de2d7ea4f3c5ef823fb + +Edit 2 10:32 + +Even more indication that there will be no pre-hedging today. we just broke down through thetrend on the 1h, our support after this breakdown at 120.33 with another trend support at 115. + +https://preview.redd.it/2fh4atrw1mi81.png?width=1570&format=png&auto=webp&s=008694a9bfcf348ab42f74a3f9a0eddd1631ff92 + +https://preview.redd.it/fjz0tuw72mi81.png?width=1576&format=png&auto=webp&s=1f30f0875577ee8c2b3dcaee46205f6dcdf1f471 + +Edit 1 10:00 + +Low opening volume so far today it looks like we are just tracking with the SPY no indication either way of if the are pre-hedging or not. + +https://preview.redd.it/gu4aknl0wli81.png?width=1575&format=png&auto=webp&s=809913faa1022516fc0f14777398f1991357c94c + +# Pre-market Analysis + +Pre-market with a very slight price bump and slightly better volume than yesterday but not much. We have already failed a retest of the resistance at 126. + +Volume: 10.34k + +Max Pain: $125 + +Shares to Borrow: + +IBKR - 100,000 @ 1.9% + +&#x200B; + +https://preview.redd.it/hsws3fglnli81.png?width=1570&format=png&auto=webp&s=70fd291488d603e4d6f5f9cd998832bd944319a6 + +TTM Squeeze + +https://preview.redd.it/c2djp5raoli81.png?width=2459&format=png&auto=webp&s=c88a2b59aabdef3d831ccfb26bb523e1936d9780 + +CV\_VWAP + +https://preview.redd.it/fhdwo4vjoli81.png?width=2457&format=png&auto=webp&s=8d82e2e5860a2af89fadf518dd4a4d525e5ff4cd + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Governments should not be getting any net revenue from the emergence of cryptocurrency technology. If they don't start giving out credits soon, imo they must refund any capital gains paid by crypto investors to date. +After 2.5 years of this, I'm finally profitable enough to replace my salary and then some, so I'm quitting my job at the end of the year to trade full time. My parents know this and have asked me to help them out by also trading their money. They're both in their 60's and not even close to ready for retirement. Thus far I have responded with, "I'm not allowed to trade other people's money", but I would like to help them out if I can. + +Have any of you figured out a way to do this legally? Is it just a matter of changing my trader status to "professional" with my broker and the IRS? What are the ramifications? Or would it be better to just gift them a portion of my profits every month? +Hey all, I just joined this sub so apologies if this information is already posted somewhere. I am a 25F who works the typical 9-5 office job, and I cannot possibly imagine doing this for 40 more years. Me and my fiance have been saving money for the last 2 or 3 years to buy a house, but lately I've been thinking a duplex or triplex might be a better idea because we could possibly house hack it. I've had so much trouble finding anything on the market in our price range, everything sells in a day for just ridiculous amounts over the actual value of the house. + +I guess my main question as I'm starting out is, should I keep waiting for this impending "housing crash" to hit? Or just get into the market as soon as possible? + +What credible sources or books would people recommend reading for beginners? +I saw a listing in the city near my area (midwest) , under 500 sqft and priced at about $60K, currently tenant occupied that pays $1000 a month, condo management fee is $250 a month, monthly payment including condo fee , principal, interest, and property tax would be less than $700 - looks like a positive high cash flow high rent/buy ratio deal, what’s the trappy thing I am not seeing here? +...unless the gift recipients are actively inquisitive about crypto and responsible enough to manage private keys. + +I have given countless friends and family members bitcoin in tiny increments in the last year and a half. Only to have them call me in late 2017 and say "Look at that price! How do I get my bitcoin back if I have lost my private key and seed?" Now, that lost gift has turned into a source of resentment for the recipient. + +Next time, I will simply give the yet-unenlightened fiat and hodl the BTC instead. I have learned that if they don't care enough to be responsible for their private keys, they will lose the bitcoin and indirectly blame you. To the lunar surface, ladies and gentlemen! +Salary 60k, just hit 50k in savings. The total amount I am making right now-taking into account what I would be paying for individual health care and losing in HSA and 401k match should I quit- is $68,400. + +I am working as a B2B marketer at a fortune 5 company, and for someone a year and a half out of college it’s pretty much a “dream job.” 4 weeks PTO, okay benefits, company 401k match, work from home Fridays. Nothing compared to the tales my friends at agencies have of being treated like dirt for 27k a year. + +Despite this, as I am sure many here will relate, I am feeling burned out. A combination of a 40 minute commute, occasional HIGH stress days as work, and the feeling of “wait, for the rest of my life I am supposed to request my personal time through a sheet online?” have me feeling like I want to run. + +I have a wedding photography business on the side that I have been growing pretty rapidly while working. As a catch-22, it’s definitely part of the burnout issue as I am shooting 3-4 times a week and the other nights is editing, website development, emails, etc. + +I have 7 weddings booked next year at 1,700 (net after paying a second shooter and expected equipment replacements) and I think I may want to quit my job next June if I can book 25. + +25 weddings would put me at $42,500, plus another ~34,000 if I work half the year at my current job. + +I would raise prices along with my experience and marketing after that aiming to make ~70k a year. I am fully understanding that it is unlikely I would ever surpass my earning potential at corporate , but I guess my main question is has anyone made the jump to a lower paying job that affords you some of what you are looking to do in retirement anyways (booked a wedding in Costa Rica that they fly me to, woo!) Or am I a big dumb idiot who should just suck it up? + + + +Totally optional reading: I love to travel, a huge bonus for me would be the destination weddings I could book. + +My long term boyfriend has a successful landscape/interior design business that I could help with on the business side if I had the time. + +I also have never had an issue filling my time with money saving (love to dumpster dive for food, don't have the time now) or making (would probably find some contracting for the winter months) hobbies. So the downtime in Minnesota winters would be an additional opportunity to make some money or build something new out. + + +EDIT: THANK YOU ALL for your responses. I have read each one (2 or 3 times) and appreciate all of the firsthand advice, calculations, harsher comments, and especially the DM's from others willing to help. Amazed that so many were willing to take time to help me think through things from all angles. + +For now I have raised my prices and I will see if that kills my inquiries, and if it does I will be happy with booking up to 15 for next year at the lower price, outsourcing the editing so I have some free time, and staying at my job. Gave my boss a little gift card for being so great and said no to a shoot next week so I can have a night off...and I won't touch lightroom either! + +Today was a good day. + +Millions of worthless puts and calls expired OTM, and we hit more or less max pain. + +Fyrefest 2.0 announcement this morning to get people riled up, and mod drama 3.0 in the afternoon. + +Yesterday they tanked the price to the lowest it's been since May 13th. Apes bought at a 7:1 ratio. Every ape irl I know bought at least 2 shares, and i doubt they were the only ones. To those that timed their yolos, congrats + +We truly, truly are in the endgame now, because they have no more weapons. Nothing left to divide us, other than this bullshit. Any one person can be corrupted, that we know. I don't care what happened, I really don't. As long as the circus tent goes up every morning, it doesn't matter who's putting it up. It really doesn't. The community (of individuals) is what matters. Nothing else. + +No matter who's at fault, or what was said, this is it. This is their last play, to make us mistrust the mods and thus everything on this sub, but we know we're right. We know they didn't cover, and we know, just as well as they do, that they're fucked. They're fucked today, they're fucked tomorrow, they're fucked next tuesday, and the one after that too. All we have to do is exactly what we've been doing up until this point. Buying. Holding. Shopping. + +That is all we have to do, to wrest the power over our lives from the most powerful people in the world. + +I am zen, completely and totally, because I trust you. And you, and you, to do what I know, and you know, is right. People may paper hand, that's fine. More shares for diamond hands, no problem. + +They have shown their hand, and this is all that they got left. I always suspected this would happen, at some point, so I'm not surprised. This has confirmed more to me that we're truly in the endgame than the price ever did. + +Good luck apes, fuck the FUD, enjoy the weekend, let's get back to it Monday. + +Not financial advice or otherwise. +I need to understand now. I watched it rise from \~#30 to now knocking a personal favorite project of mine (LINK) out of top ten. So I decide, let me head over to theta.tv see what this hypes about, I'm a big time twitch user ex-streamer let me see what's going on. Upon entering it's apparent there are almost NO users. From what I can see, it's hard to count higher then maybe 1-2k viewers on the ENTIRE SITE, and how many of those are just farming whatever currency is generated by watching? + +So I'm like, well there's not a lot of users, what do they have for content creators? Well, I can't seem to count much higher then 100 from what I can see through the site (since honestly the layout and design is so bad). With the most watched live creator having a few hundred viewers with a steep drop off to sub 100. + +So, project shills, or just anybody with knowledge of this project, explain to me what is going on? Do people really think this crypto streaming platform is going to legitimately take on Twitch and their viewership? How is this a top 10 crypto project? It pretty much has no users/creators and in general strikes me as some type of vaporware with a poorly designed website. Is this a sign of a peaking bull market? People buying into an idea and not what's actually happening with the platform? It just gives me very end of 2017/Jan 2018 feelings. +I ran into a high school friend a few days ago. Long story short, he’s been living iut of hotels for the past few years. No job, no permanent address. He revealed that he never received any stimulus money due to those factors. Is it too late for him to claim anything? If so, what steps should he take? I offered to assist him. + +I wanted to reach out to you today under the guise of a throwaway account as I have friends and family that are familiar with my original username that I did not want exposed for confidential reasons. In 2002, before he passed away, my grandfather left me $150,000 in a professionally managed Wells Fargo brokerage account. In the 16 years since it’s inception it has grown from $150,000 to $286,000 YTD. This is about a 5.2% increase. The professionally managed account has a 2% management fee which, over the 16 years since it’s inception has added up to roughly $50,000 in management fees. + +Up until now, I have not had access to the account as my grandfather made it so that I could only access it once I turned 25. Tomorrow I will be turning 25 and can do what I want with it. I am very much into personal finance, financial independence and investing and over the years I have read many books and discovered that the return rate I have seen on this particular portfolio is atrocious. + +As I am gearing up to move the money away from Wells Fargo and into Vanguard I have done some research and discovered that had the $150,000 been invested into VFAIX (Vanguard Financials Index Fund Admiral Shares) I would’ve seen a 285% return rate and grown the portfolio from $150,000 to roughly $481,016.52. Furthermore, if the money had been invested in any of the following index funds, SPY, DIA, or VTI, I would’ve seen a minimum return rate of 209%. I am not looking to do anything extreme with the money I am getting. I would likely shift it into Vanguard and have it diversified amongst a well blended portfolio for aggressive growth with minimal fees. +With that being said, I am not a professional and would need assistance in re-balancing my portfolio every once and a while and perhaps need assistance in selecting a blend of ETFs that would be good for aggressive growth. All things considered, I am very, very nervous to do all this as my whole life my money has been managed by professionals where I’ve felt secure and well taken care of. It wasn’t until I became more financially literature that I discovered that I could potentially be doing better in diversified ETF’s and vanguard mutual funds. On a side note, my dad also told me that keeping the money with Wells Fargo is good because then I will be better off when time comes to get a loan for a house. + +As of right now I have a steady, secure job where I earn $100,00 a year and receive a $29,000 bonus at the end of the year. I currently am maxing out my ROTH IRA and my 401k company matched program and own 40% of a home in southern California where I currently reside. The other 60% of the home is owned by my father where he contributes to 60% of the mortgage. + +After having read all this, what do you guys think is the best route to take? Keep it with the Wells Fargo Advisors, or move it into a Vanguard account where I independently manage and rebalance by myself? If you were me, what would you do? + +Thank you all for your advice and help. This is a very big day for me as I am excited, but also very torn on what to do and very nervous. +Tl;dr – grandfather left me $150,000 with wells fargo advisors to be professionally managed. In it’s 16 years since inception it has grown to $286,000. This is a 5.2% growth, which I find to be atrocious. + +Hello, my wife and I are 32, and we have 40K in savings. We were thinking of investing 25k and keeping 15K in our savings, but we’re not sure if we should just put it into an index fund like VOO or try out robo investing with our current bank (J.P. Morgan). + +We don’t have any short term goals for the money, and we would be able to keep contributing $400 into our investment account and $400 into our savings monthly. + +Any other suggestions are welcome. Btw I’m not very Investment savy or have time to manage a portfolio myself. + +Edit: I just wanted to thank everyone for your knowledge and advice. You all have given me the confidence boost and direction I needed to research and learn how to manage my own portfolio. +Tech companies keep dropping big time. I'm in a spot right where I have a little cash to invest and once I buy it will be a while (I have no idea how long) until I can afford to start regularly investing again. + +Eyeing up TEC as my portfolio does not have much in the way of tech companies. + +Do you guys think I should jump on this or wait? More room for pain in tech? +What's the biggest thing about investing that frustrates you? + +i.e. if you had a magic wand, and could change 1 thing, what would it be? + +Aside from being guaranteed 10% annual returns, obviously... +Many of the investment tools (such as the one I use - Freetrade) come with a 'stop loss' feature. Do you guys regularly use this as a failsafe? + +There is an article about a upcoming June dip ([https://www.cnbc.com/2021/06/14/cramer-says-a-late-june-swoon-could-create-opportunities-in-stocks.html](https://www.cnbc.com/2021/06/14/cramer-says-a-late-june-swoon-could-create-opportunities-in-stocks.html)) and while this article might just be clickbait it has got me wondering if I should create a stop loss on all my positions so that if the stock drops below my DCA, I use my pre-programmed stop loss to get out at that price or thereabouts and then hope to manually get back in closer to the bottom. Is this an unreasonable thing to think? Are there any cons I'm neglecting? + +My primitive understanding is that given this 'stop loss' feature, there shouldn't really be any excuse for losing a sizable amount of money, no? + +&#x200B; + +Thanks in advance for your contributions. + +&#x200B; + +EDIT: I'm talking solely about ETFs (that typically only move a fraction of a percent a day) and not single stocks. ETFs such as VRWL and the like. +I exclusively invest in ETFs and do so through Trading212 so I don't pay any brokerage fees. + +I was just wondering if there's any downsides to investing in tens of different ETFs (as I currently do) as opposed to say just 4 or 5? The obvious upside to doing this is increased diversification (yes there's still a lot of overlap of specific shares but it still seems better than not doing it). As far as I understand it, ETFs charge fees as a %, not a fixed charge so surely my overall fees are roughly the same whether I have all my money in 1 ETF or in 100 ETFs? +As we approach 2023, would be good to hear peoples favourite idea for the year. + +If there’s a single stock you think that would do well, please share with as much information as possible. + +Not giving financial advice, but always interesting to hear what other people are looking at. + +—- + +My pick: + +MTL: Metals Exploration. + +This should be a transformational year, but remains high risk. + +Market cap: ~£25 / $35m +Debt, (estimated from q3 report, which stated senior debt to be payed off by year end): ~$90m +Interest rate on debt: (assuming senior debt now cleared: 7%) + +Operations: Runruno mine in Philippines +FY guidance: 67,000-71,000 oz +All in cost per oz (q3): $1,347 +Current gold price: ~$1,800 +Margin per oz: ~$450 +Estimated operating profit p.a.: $31m + +. + +A huge change for this company over the last couple of years. The debt has been reduced, and the senior debt expected to be cleared by 31/12/22, according to Q3 report. Importantly this reduces the interest on the remaining debt from 15% to 7%. + +The mine life has been extended this year, but remains probably the biggest concern. Once the debt is repaid, the company will be throwing off cash, but how many years of production will remain? + +Other risks: single operation in the Philippines; gold price; input prices; political risk; management negligence or mismanagement of funds + +Possible upside: if the company can repay the rest of the debt, they could be making around the market cap every year in operating profit. The govt will insist on a 50% cut on profits, but that leaves a p/e of around 2, with the potential to pay all of this back to shareholders. I speculate that we may see a small divi next year, but mgmt may not think this appropriate +To those of you with Tesla in your portfolio, what are you thinking of doing? + +With TSLA plummeting from its 833 high following Elon Musk’s social media, I’ve been keeping an eye on its growth and while today has been a good day for the stock price, personally I think it could be some time, if at all, the share price goes back to its height. + +While all of my shares are in one company (not TSLA), I totally understand the value of having a diversified portfolio when events like this happen. +Thanks to /u/DearTereza for their efforts before automoderator got involved. + +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +Hi guys + +Been seeing what the best, most efficient and laziest way to get exposure to crypto with lower risk. I've thought of an idea to cost average a set amount per month, eg £100, and invest it proportional to the relative market cap of a crypto in the top 10. For example at the moment if BTC is 55% (roughly) of the market cap of the top 10 cryptos, I would invest £55 in that. Obviously this would change on a monthly basis, based on crypto values and cryptos that make it into the top 10. It's quite a crude attempt at a crypto "index" fund, but for long term crypto exposure is it relatively sound thinking? + +Cheers +Hello, there is a lot of noise around the next upcoming biotech/pharma company to invest and it is a very exciting area with a lot of newsworthy growth potential. + +The world of new treatments and therapies is vast and complicated, just like the human body. And discovering a novel molecule, treatment or cure does not always translate to a profit. This is not exhaustive, but I hope this provides some insights to consider when you do your own, or read other people's research. + +**Cost, approval and medicine reimbursement** + +As you read the below, remember the cost to develop a new drug or gene therapy is **expensive**. And moving through the drug development life cycle is costly. Due to the 100's of millions spent in research and development, new treatments are usually priced high in order to recuperate the development cost and make profit before the patent expires and the medicine becomes generic. + +Globally countries only have finite pots of money to spend on healthcare and need to spend this money. This is different to the USA where medicine is completely privatized. If a new Gene Therapy cures 10 people of a rare disorder, but costs 1 million euros many countries might not pay for this therapy in order to spend that million on other medications that could treat 100,000 people. + +**Approval is not the same as reimbursement throughout the world**. A medicine can be APPROVED (the regulator says it is safe and effective) but not reimbursed (it is not cost effective to purchase). For example the European Medicine Agency (EMA) might approve a drug for use in Europe. However big players like Germany, UK and Spain may decide it is not cost effective and prohibit the prescribing of this medication. This means sometimes pharma companies chose to give a (confidential) discount to Germany and the UK or risk losing these patient populations. Each scenario can negatively impact share price due to the loss of patient populations or due to the reduction in revenue through discounts + +**First in Class (FIC) or Novel therapies** + +This is a common headline that makes a new drug development sound exciting and promising. Drugs are classed based on their chemical structure and therefore mechanism of action. This can often be identified by the naming convention of the drug. An example of this is PPI's used to treat conditions caused by over production of stomach acid such as omepr**azole**, esomepr**azole**, pantopr**azole** and lansopr**azole.** + +A new molecule which is first in its class has both HUGE potential for return and also pitfalls. So when you see the "first drug of its kind" being branded about in your DD it's worth considering a few things. + +**Risks**: First in class means we are trialing a new molecule on essentially a new target (such as a gene or cell) in the body. Lab data can give an indication of efficacy and safety, but only once we get to Phase I/II will be able to see if this therapy is both safe and effective. Targeting a new site in the human body could have unforeseen adverse events causing the trial to be halted to cancelled. One reason we can see side effects is because the treatment is not specific enough. I will use a silly and extreme example. Imagine DRUG A does a really good job destroying cancer cells in the kidney, but these cancerous kidney cells also look like the innocent cells in your eyes. So DRUG A destroys the cancer (good) but it also attacks your eyes (bad). No one will take a medicine that makes them go blind. + +Sometimes science can learn from these issues of specificity, and make changes to the chemical structure meaning the next biotech can develop DRUG B that only destroys the cancer without attacking your eyes. People will take a medicine that cures cancer without making them go blind. In this case the second-in-class may get approval, while DRUG A fails to get approval. + +As a further example, DRUG B might be better than DRUG A, but must be given via a painful injection by a specialist physician. DRUG C is developed based off of DRUG B's structure, but is administered as an easy to swallow capsule at home. Science has gone from DRUG A (dangerous), to Drug B (safe but painful and inconvenient) to DRUG C (safe and easy to use). The third-in-class might be the winner. + +**Benefits:** First in class can also be expedited for quicker approval if the benefits are unprecedented. It is unethical to keep patients on a placebo or treatment that is less effective, when the new therapy significantly increases overall survival and/or quality of life. Expedited approvals is GREAT news for investors. + +Also if the FIC is safe and effective (assuming the pharma or biotech does a good job with the product launch), they can meet the needs of a large patient population before competitors get to the market. Second and third molecules to market may struggle if the first in class treatment has already made its way to a large majority of the patients. + +**Placebo Trials, Standard of Care and last line therapies** + +Despite what you read about the "placebo effect" - it is really synonymous for different types of bias and human fallacies and when we talk about giving a patient placebo we are saying "do nothing". Previously in the glory days, pharma companies had to prove their medicine was better than 'doing nothing' so most trials were DRUG XX versus PLACEBO (nothing). + +But now due to modern advances we have A LOT of treatment options available, and because these treatments have been around for a long time they are often generic and inexpensive. What this means is that to get approval / reimbursement pharma companies are expected to show their drug is better than currently available treatments rather than "nothing". + +Imagine 20% of the world has high blood pressure - so a huge market for any player. A biotech has developed DRUG C for treating high blood pressure. It now has to show that it is better (superior) than existing high blood pressure medications. Even if it is superior, it now faces the challenge of cost. If DRUG C is 30% better at treating blood pressure than current treatment options, but costs 500% more getting payors to sign up for DRUG C may be challenging. + +What this means is that DRUG C might be "last line therapy". Because we cannot afford to give everyone this new expensive drug, this medicine is reserved when all other treatment options have failed. Suddenly DRUG C has gone from having a patient size of of 20% of the population to 0.2%. + +**Keep this in mind for anti-infectives:** The number of new antibiotics has dramatically decreased. Due to antibiotic resistance, we are running out of treatment options. This means that NEW antibiotics might be reserved only to be used once all other antibiotic treatments have been exhausted. This is because we don't want resistant to develop against our new treatments. End result is a high investment for a low patient population and ROI unless supported by government research grants. + +**Patient Populations, Quality of Life, Health Economics** + +This is where it gets complicated, for investors, researchers and regulators. In the above example. Once a company shows their medicine is superior to existing treatment. They need to demonstrate that the medicine is cost effective - usually by providing health economic data and Real World Evidence + +Imagine Biotech X develops novel DRUG D that effectively treats lung infections at home but is REALLY expensive. For example DRUG D costs 10,000 dollars and current lung infection treatment in hospitals is only 500 dollars so it looks like no one will pay 500x the cost. + +However what BIOTECH X can do is develop some Real World Evidence that shows their medicine reduces hospital admissions from lung infections by 90%. And in this example, hospital admissions might cost the state/government a lot of money. So while you may pay 500x in medicine cost, the government/state save double that by reducing hospital admissions and freeing up hospital beds. In addition their Real World Evidence shows patients lung function improved and patients reported a much better quality of life (QoL). + +**Final word - Rare and Orphan Diseases:** Breakthrough treatments for rare, ultra-rare and orphan diseases are exciting and newsworthy and is very common to hear about this on the internet, radio, newspaper etc. Think conditions that affect less than 200,000 people. Patients and families who have suffered from awful genetic conditions finally have hope and a cure. From an ethic and humanitarian POV - this is the best part of science! + +However if Biotech XYZ has spent **billions** developing a gene editing therapy that can reverse a rare childhood disorder, the patient population is very small. This means the available patient population to make a ROI is tiny, and once patients are cured via gene therapy - the patient population shrinks that is nearly impossible to recover this cost. A lot of ethics in this area, just be careful investing in novel cures for rare diseases. + +Don't mean to be negative, just do your DD and think about the potential the drug has in terms of patient populations, existing therapies/standard of care, health economics and quality of life. And lastly the world doesn't end with the FDA. Remember the the nuances between a regulatory approval (safe and effective) and a medicine being reimbursed (return on investment). +So I've just finsihed reading Peter Lynch's one up wall street, a fantastic, funny and informative investment book may I add! After reading it I did a screening of stocks that I felt fitted his bill well, I did this by looking at companies with lots of cash and low debt, PE's under 15 and 5 year growth over 20% annually. + +I then looked through the list for companies I could understand, one of the ones that stood out to me was frontier IP group, they work with universities in the UK aswell as in Portugal and their business is commercialising students inventions and ideas into actual businesses by scaling them out (something the students probably don't know how to do). + +They did really well out of covid and one of the companies in their portfolio got I think a billion dollars of orders for some covid equipment. They've also got several other businesses in their portfolio not related to covid so they are prepared for exiting covid times. + +I've listened to the CEO do a podcast and he sounds like a clever bloke who's very passionate about his business. + +The only downside I can see is the volume is very low and it takes a few hours (at best) to place a trade. + +Full disclosure I've got 380 shares at 0.70p so fuck all, I just wanted to see what others thought about the company or if there is anything I am missing here? + +Ultimately I guess what I'm asking is what is fair value for this company considering their growth rate and industry? +I’m 18 and saved up nearly 18k from entrepreneurial projects and looking to invest maybe 10k into an index fund. +Is vanguard a safe bet or should I use a stock and shares ISA? +My family isn’t exactly financially literate so looking for advice here +The paid shilling is getting out of control here. Anything calling out the shills is downvoted too (like I expect this post will be). + +After getting tipped off on a few things to look out for (i.e. no posts for years, then they start shilling shitcoins out of nowhere), I started keeping track of all the suspicious accounts I've found so I can tag and ignore them. There's nothing wrong with shilling something you legitimately believe in, but we all know that 99% of the time the paid shills are just reading off a script and trying to get somebody's coins pumped before the rug pull. + +Would you guys be interested in having something like a Google Sheets spreadsheet shared once the database in larger? I want to gauge interest because if nobody cares I can just tag them in my own RES and be done with it on my end. + +I feel like if we all know the accounts to ignore, it'll make the shills have a harder time ruining this place. Having to find a new donor account for every single coin is going to grind their operations to a halt eventually. + +What do you guys think? [Here's a preview of the doc.](https://i.imgur.com/eN8Um4D.png) I blurred the names out in case this is against the rules for some reason (even though I'm pretty sure what they're doing is against the rules) + +EDIT: A few people pointed out that I can't prove 100% who are paid and they're right. A strong suspicion isn't enough, and I should have said "bad actors". Some of these people are getting posts from from devs on telegram and pasting them here for free because they're bagholders. +For those, like myself, who purchased a Ring product (in my case a doorbell) and pay monthly to save footage, etc. + +"We’re continuing to innovate for you, our neighbour. + +**More features are coming to Ring Protect Basic,** +**at a new price.** + +Starting on the 1st July, 2022, we’re expanding the features available for Ring Protect Basic to improve your Ring experience and give you even more peace of mind.With these features, the price of Protect Basic will change from £2.5/month per device to **£3.49/month** per device." +On 9News tonight we will have a full segment dedicated to Scomo upping the defence budget infront of the EOS logo, all the boomers will think they can outsmart us and get in early but we were one day ahead of them, we are in for some tendies tomorrow. I must end this day with one final quote. + +&#x200B; + +https://preview.redd.it/9u5p1xjdnd851.png?width=640&format=png&auto=webp&s=79cf689aa23c6f6eae9bc7d87b83951d97f41e48 +Currently, $57mil EV for a company that hasnt even launched its product, questionable path to profitability. $6mil has been invested in developing the platform its EV now trading 9.5x that level with not a single sale or user established.The average EV/Sales for Australian fintech is 12.3, lets say Douugh with expected explosive growth that it can warrant an EV/Sales of 20. This would mean that at their current enterprise value, they need revenue of $4.63 million to be at a steep fair value for how undeveloped they are.Lets say their subsciption model is $10 per month ($120 annually), they would need 38,500 paid users. Lets say 15% of their userbase is paid users which is very generous, they would need 250,000 total users to have $4.63 million in revenue. To put this into scope, 250,000 users is about the size of Up bank (largest/oldest neobank in Australia) and their current advertising budget is only $2,700,000 with a customer acquisition cost of $37.05 (mobile fintech average) this would deliver about 73,000 users. The company has a promising business model and potential hence the interest, but clearly this is a huge pump with dump soon to come especially taking into consideration the uncertainty of the feasability of their business model, competitive landscape, tight margins (competing with free apps) and publically untested/unreleased product. + +Product is not overly revolutionary plenty of free personal budgeting apps & neobanks already available and far more developed. Director knows how to make a quick buck from investors, previously ran a company that was trading when it was insolvent for numerous months and paying himself a fat salary whilst doing so [https://ausdroid.net/.../30/yatangos-downfall-what-happened](https://ausdroid.net/2015/11/30/yatangos-downfall-what-happened?fbclid=IwAR0k7I-LGyAio7-VGmlBvOSkmVn7NGijKP6a2phoqPDwXGw-hCSVfNE1_MM). The company is paying base salary of $841,200 to management collectively right off the bat thats 11% of their cash balance and 14% of the capital raising with the company bleeding cash. Capital raisings targeted at retail investors using fintech buzzwords to generate BNPL like blind interest and using platforms such as Equitise to raise funds, additionally it publically listed just for seed funding. If it goes under 5cents, might scale into an entry, an EV of $25mil would be closer to fair value imo. +Aight retards this is some DD for your Monday morning. + + +QPM is doing a nickel refinery using a new process. You can read about it here: [https://www.qpmetals.com.au/dni-process](https://www.qpmetals.com.au/dni-process) + + +The tech project is in Townsville and QPM own the rights to use this process within 100km of Townsville exclusively. +They get all their nickel from New Caledonia and they've made that DNI process commercially viable. They two supply agreements for 15 year contracts with the New Caledonian mine with an option to extend. + +They're waiting on a definitive feasibility study to be done. + +I then read an article on pricing shares based off of NPV and I remembered that the NPV of a project is equal to the discounted future cash flows of the project. + +So, over the 30 year life of this project, the NPV of QPM is $1.47 billion AUD. They currently have 932.95 million shares outstanding. + +Based on the NPV of their project, this gives QPM a value of $1.57 per share. Account for a margin of error in the analysis of 25% (from QPM’s announcements), the target price for QPM will be $1.18 to $1.84. + +When factoring in that QPM have committed to at least doubling their production, the revised price target will be double: + +$2.36 to $3.68 per share. + +I am pretty confident with these assumptions, but as always, this is not guaranteed haha. +Anyways positions below: I'm buying this with as much spare change as I can muster. In for over 20k at the moment. Trying to get to $100k for this ten bagger. + + +Obligatory rocket emoji 🚀 + +https://preview.redd.it/edjrdoy4fbk61.jpg?width=521&format=pjpg&auto=webp&s=f98d9425155e33bba7ec9c90fa5de2be5672d267 + +First stock I ever bought was APT with zero DD based on my noticing their signs in store and a ton of my peers talking about using it. God damn I wish I was into this sub back then and yolo’d my life savings! + +But none the less gains are gains and hopefully I can replicate my beginners luck. + +Should I have sold a few weeks back at $150? Probably ! but I’ll be dammed if I’m gonna diamond hand my gains to 0. + +&#x200B; + +&#x200B; + +&#x200B; + +https://preview.redd.it/7dgep82x5xl61.jpg?width=787&format=pjpg&auto=webp&s=4675ae0de110977369fd22604af4441f37b026d8 + +https://preview.redd.it/vb1g492x5xl61.jpg?width=792&format=pjpg&auto=webp&s=053f9ee97c50f5d5a4920e7c7bccf3c1f3b803d3 +GME either goes up or down tonight. If it goes down, it will be the end of a meme. So many cunts being burnt. There's even a movie that's going to be about it 😂😂. Melvin Butters will be starring. + +In other news. The 4DS prophet is about to cop a ban come February the 7th. Thank fuck for that. Eat your wafers 4DS family. + +Peace out. May we have a green week. + +Edit... +Holy shit the delusion happening at WSBs is bananas. the fundies have 'squozen' the lemons in their eyeballs. there was even a post to not commit self harm. fuarkkkk!!! +Few shakey noobs on this sub so thought i would write some quick pointers.... + +1. Emotion: its pretty brutal logging in and seeing your portal say -$2000 or something similar. Don't be attached to the $ part of it, think of it as points in a video game. + +2. Selling: You don't lose that $2000 until you sell. If you think the stock is going up just hodl + +3. Loss: Sometimes a loss is ok. If you are faced with the option of holding a stock for 3 years to break even or cashing out to back the next rocket then its probably better to cash out. + +4. Eggs in a basket: dont go all in on one penny stock, you don't go into a casino and blow your whole wad betting on 00 on roulette, you wanna enjoy the night . If you have 5k to spend maybe only put $1000 into Z1P so you can by other rockets with the rest + +Learn this and ull be printing tendies in no time. Need newbie fuckers in this sub not to give up otherwise this sub will be me and Plucky talking about anal penetration. + +Write your tips below +In his latest Twitter post PlanB has linked a PDF with his most recent article about "quant trading". + +https://preview.redd.it/9b3pd2rvuhg91.png?width=589&format=png&auto=webp&s=fd83cf49fc6f34eec5e70d86ffdbdad1dfca0786 + +In the article he describes a simple quant trading strategy that will turn 3.5 dollars invested in 2011 into 5M dollars in 2022, just by using 4x leverage and watching monthly RSI. The rules are extremely simple: + +https://preview.redd.it/e1335iudvhg91.png?width=1329&format=png&auto=webp&s=ecbcf6842f7ae7b58abfb2faf06be0a15c734404 + +https://preview.redd.it/7cmm0ua8whg91.png?width=1353&format=png&auto=webp&s=44d4ce87599edc133b3c94198c84056d0c5c1329 + +https://preview.redd.it/zpoca489whg91.png?width=1354&format=png&auto=webp&s=b9bf7d7f2ad79ef99cbe2bfd0f754b723e0010e6 + +So quick - enter 4x long BTC now if you want to be millionaires in the future! I did that and feel wealthy already! +Still relatively new to thetagang but would like to give my 2 cents when it comes to theta farming based on what I've learned throughout the last few months. + +As the title suggests, waiting is the hardest part; not just in theta gang but trading in general. Ideally we should have our trades planned out before market open and wait for the setup to come to us based on whatever our strategy is. But most of us, myself included tend to fall into FOMO or get trigger happy whenever we stare at our screens for an extended amount of time. + +I find that the best way to counter this is to just step away. Not saying you have to turn off your computer or log out of your app but just try to not keep staring at it. Those 1 or 2 cent moves will take what seems like forever to reach your ideal target. Set an alert and go do something else. If it hits great, we're in business. If not, there's always another day or another trade. + +For those who journal their trades, look back at some of that data and compare the rate of success for trades where you actually followed your plan versus the ones where you pulled the trigger early/late, or just willy nilly. I can almost guarantee that if your strategy is sound, chances are the patient trades will have a higher success rate. + +Sure, there will be trades that you'll miss out on but this shouldn't phase you. You've formulated a plan and executed it flawlessly. Whatever happens afterwards is no longer your concern. Besides, who says you can't regroup and redraw a new plan for reentry later on? Point is, don't FOMO and take a moment to organize your thoughts. + +I hope this helps! The idea itself is pretty simple and basic but takes discipline and mental fortitude to execute, both of which can be strengthen. +I went into this week unhappy with my risk, I had a lot of profit in **IDEX** and **CRSR** and wanted to take some of it off the table. **CRSR** was headed into earnings, and I was confident the stock was going to dump. I was right, and also wrong. I let it run up Monday, sold my 2/19 $40p and $30p at the top, leaving only $648 of premium on the table. Earnings released, stock dumped ... but not as much as I'd feared. Had I held my position, I'd have made $312 this week, and would have pocketed the rest when they expired next week. Yes the underlying moved, but so did IV post-earnings. Outsmarted by myself. + +# Repositioning + +Staking new ground with 3/19 positions. I opened 6 new positions, 5 of which are on a 3/19 strike. + +[Staking claim to March](https://preview.redd.it/1nljvwf088h61.png?width=1578&format=png&auto=webp&s=f1d34378c458fb7049b6eedd1d2018723e27fb87) + +All told, these positions were down $156.94 this week. **RMO** specifically took a bath, which is ironic, because **RMO** is my favorite stock of this bunch. It opened at $18.63, closed the week at $16.75, down almost 9%, my CSP moved much harder as IV spiked. My break even on RMO is $15.5. + +[RMO](https://preview.redd.it/7ajl7sa398h61.png?width=1551&format=png&auto=webp&s=80574f884f5f8e6c9da69cc5e061c7e296435b2b) + +A $15.5 price puts it well above the Nov run-up, I liked it when I sold it because it represented the DEC low, and I had (and still have) a hard time seeing it break support there. A lot of the downward pressure likely comes from our friends at Morgan Stanley, who put out a $12 price target citing competitive pressure. I think RMO has terrific tech, so it's their ball game to lose. I've got time on my side, if it falls to $10 before finding support, I'll be in the hole $2,750 (assuming I hold) when I get assigned, and I actually don't mind that. I'll sell CC at $17.5 or higher for around $500 a month and bide my time. Could I make more money elsewhere? Perhaps, but I think there's profit here and I'm too stubborn to exit it at a loss. I thought about doubling down, adding a 3/19 15p position with $800 in premium for another 5 contracts with a BEP of 13.4, but not now. My cash is down to 26%, and I'm deep enough. I'll watch it for next week once my 2/19 positions close. + +Beyond RMO, my favorite position is still WMT, it seems like easy money, half tempted to sell more there (though I won't). My least favorite is DGLY, I just felt the need to play it. DGLY sells video imaging and storage products to the police, I think it's got a solid floor, a slow upward trend since Nov, and it should print given my BEP is 2.15. + +# Next Week + +The big play for next week is to HODOR my **IDEX 2/19 $4.5** and **$4** to the bitter end, I want the nearly $1000 of premium left. **IDEX** was down 4.15% to 4.62 this week, though I still made $300 on the position despite the drop. My BEP on the $4.5 is down at $3.2 while the stock sits at 4.62 (4.74 in AH). I'm riding this one into Valhalla, I want every penny of this late January play, the $4.5 was deeply ITM when I sold it. I have never shied away from assignment to eek out more profit, why start now. + +Additionally, I think I'm going to buy 400 shares of **CRSR** assuming it opens below $43.5. Once I have the shares, I'll turn around and sell a 2/19 $45 covered call for \~$400 in premium. If **CRSR** moves up, I take almost $1000 for a weeks work. If it doesn't, the following week I'd sell a **3/19 $50 CC** for \~$1300. At that point I'll either have made \~$4300 (if assigned), or my cost basis for the 400 shares would sit at \~$39. + +Beyond that ... I've also got a **SLV $27** covered call expiring, will pocket the $148 there and sell another. I've got an **AAPL $146** covered call expiring ($124 for my trouble there) and another on **MSFT $250** ($117 for the hard work). I'm on the fence with **MSFT** and **AAPL**. I think I want to cut both, I'm up $241 on the underlying at **MSFT**, and $360 at **AAPL**. With a 3/5 strike, I could bring in another $300 in CC by reselling. Yet, right now, I'm leaning towards closing the **AAPL** call Monday morning (only $8.5 of premium left), then selling a **$136 2/19 CC** to effectively sell my shares above $137, doing the same on **MSFT** (repositioning to an ATM CC) would sell my shares at $247. Worst case both positions close (shrug), or the stock moved against me and my cost basis is a bit healthier. + +I also should get to claim a whole bunch of free stock (25-35) for a deposit promotion WeBull ran, should be fun to see what dumps in there. + +# Positions + +https://preview.redd.it/1cw4jgz8k8h61.png?width=1582&format=png&auto=webp&s=07c8c1e5cfae441ca2be6206e32c28c7eda5947a + +[I'll hold that free AGI stock until it turns green if its the last thing I do](https://preview.redd.it/b6b9xgtck8h61.png?width=1584&format=png&auto=webp&s=4d412c4966b2f6efab96ef25f71dfa195ccb20c9) + +# Goal + +Started at $139,000 on 1/1/2021. Goal is $200,000 by 12/31/2021. Currently $166,043. + +[2/7](https://www.reddit.com/r/thetagang/comments/le7h4r/playing_for_profit_week_of_27/?utm_source=share&utm_medium=web2x&context=3) +I started my quest in selling options about three moths ago. I don't remember how but in surfing Reddit I stumbled upon r/thetagang. I come from years of thinking 'just by mutual funds and forget it.' + +After doing some reading here and watching some YouTube videos I wanted to make my first trade - I had recently opened some long stock positions and wanted to sell covered calls. There was a big mental block - like fear of not having enough knowledge - that took me a few weeks to overcome and pull the trigger on my first trade. In the past three months I've made about five to ten trades per week. I've learned so much by doing. I remember early on hearing something on a tastytrade video saying that activity is better than doing nothing. The more activity the better. Now I'm seeing the wisdom in that. + +Areas I need to grow in: + +Managing losers: In the past few months I've sold may CCs and CSPs, but I've never rolled a position. It's not because I shouldn't have, but because I haven't acted upon it - thinking it might reverse, or thinking that being exercised isn't so bad. I need to change my ways there. + +Forming portfolio and trading guidelines and a plan: For example, maybe 60-75% of portfolio is for wheeling core holdings (max 6% per position), 0-15% is for high-IV playes & memes (max 4% per position), 0-25% is cash to jump on opportunities (like adding to core position during crashes). Something like that. It would have saved me some trouble recently. + +Journaling: I just started making notes about my trades. Just what I was thinking when I opened the trade - reason, expectations, plan. I currently have a few stocks that I bought a couple of months ago that I don't even remember the reasoning behind. + +I’ve had a few fun wins, like making some quick bucks on selling LQDA puts, ISEE puts, or a quick jump on something I saw on r/shortsqueeze. But the most satisfying wins for me have actually been the most boring. A great example: On June 16 I bout 400 shares of WBD (Warner Bros Discovery) and sold my first CC on July 7. Since then on WBD I’ve opened and closed 6 CC positions and am on my 7th. The DTEs have ranged from 7 to 22, with a median of 10. Although I'm down $0.67/sh. (including today's drop of $0.39), my gains on the CCs total $1.96/sh. (including and assuming my current CCs expire worthless this Friday). On my WBD CCs (as a percentage of the cost of my underlying WBD position) I’ve made 14.4% (108.2% annualized). + +I really enjoy wheeling dividend-paying stocks. Something about having that dividend hit is very satisfying. + +I log all my trades in an Excel workbook I created. It shows me all pertinent info, and I've linked by equities positions worksheet to my options worksheet so I can see options activity (premium from CCs closed, expired, or exercised against me, CSPs exercised against me (to reduce initial cost)), on the row with the stock. In that workbook I also keep watchlists. + +Other note - I've bought calls a couple times and lost each time. + +Questions: + +Question 1) Almost all of my stock and options ideas have come from Reddit (r/dividends, r/stocks, r/wallstreetbets and other subreddits). My style of finding ideas is by reading various opinions and DD on a particular stock and assembling information and sentiment data based on various writings. Then checking financial info (P/E, dividend info, earnings dates, basic TA, etc). Then enacting a strategy. I think another source that would fit into my style is Seeking Alpha for its variety of opinions and abundance of user comments on articles. Not sure but considering subscribing. Question: Does anyone else form trade strategies primarily based on comments and DD of other people on platforms like Reddit? Is this strange? + +Question 2) In addition to wheeling, and based on what I’ve written, what should be the next options strategy I learn and practice? I'm working with a $90K IRA. + +I very much enjoy and appreciate the content I find here. + +Thank you. + +Edit: I forgot to mention that I’ve sold a couple of covered strangles and really like them. +You know something's up when CNBC can't even come up with a reason for the daily swing anymore. +The ticker used to be titled 'stocks plummet as China-US tensions rise', or 'stocks rebound on good jobs report'. + + +Today - the headlines are gibberish. We haven't solved the trade war, we haven't ended Corona. Earnings were OK but not great, economic data is pretty much within expected range of what it was all year. + + +Are algos pumping the stocks, or do people suddenly just not give a shit anymore? +Hello, fellow Apes, + +I would like to share some supporting evidence regarding the futures swap theory proposed by Criand. Now, some of this is far from my wheelhouse. The purpose of this is to get more eyes on what I believe is supporting evidence and with the collective brainpower of 500K+ minds to figure out what is going on. I also reserve the right to be wrong + +I have broken down this DD into 2 parts. The first is supporting data regarding the CME group, and the second is this subs equivalence of talking about Voldemort. I believe both contribute valuable information. + +**Part 1 CME GROUP and Future Swap Theory** + +**Prerequisite DD**: [Are Futures or Swaps the Secret Sauce to Price](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) by u/Criand + +**Prerequisite Information/What we know:** + +I was doing some digging after reading Criand's DD and shot some ideas off of u/gmejesus. Currently, I believe that theory is the closest thing to predictive price action for what is deemed "Meme Stocks". As several T+X theories have failed to deliver significant price action, and volume has not been a great indicator either, I believe that there has to be a different mechanism for the spikes in March and in June. + +Now Criand was able to point that there seems to be a peak during the roll-over window for futures traded with **CME Group.** They are the world's largest financial derivatives exchange, and also deal in trades of asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies. For the purpose of this argument we are looking at trades in the securities futures market (let's call the roll-over window these Futures Waves). Just prior to the expiry of the contract, prices of these stocks seemed to have significant upwards action. Below is a graph representing the price movement of several key "Memestocks", as well as a table of the "roll-over period" which has shown windows of when to expect price action. + +A shout out to u/TheLunarnautics for finding the connection between Citadel and CME group. Their DD can be found here [Chicago Mercantile Exchange (CME Group) and Citadel](https://www.reddit.com/r/Autisticats/comments/ojrh8x/chicago_mercantile_exchange_cme_group_and_citadel/). Citadel is a significant investor in CME group, and it is possible that Citadel Securities is using Chicago Mercantile Exchange to delay closing its short positions. + +&#x200B; + +https://preview.redd.it/sfs0yckb1th71.png?width=2206&format=png&auto=webp&s=9aaeceb4c052dda25f0bc04c671acceb77f8fe21 + +https://preview.redd.it/4udnqifl1th71.png?width=981&format=png&auto=webp&s=b25f4f32c7d2a776c33c8e9d76109d01c2779a18 + +**What is new:** It would appear that someone is potentially using the Chicago Mercantile Exchange to trade futures contracts for Gamestop and other securities. Now if that was indeed happening there should be some evidence to support it. I decided to dig as CME is a publically traded company and as such is required to submit regulatory filings to the SEC. + +&#x200B; + +https://preview.redd.it/jecu37595th71.png?width=1632&format=png&auto=webp&s=985ac9d667d3178f56fed0049d85d6a5c1e08bf2 + +[The assets\/liabilities under CME's current quarterly report](https://preview.redd.it/82i2h5xc6th71.png?width=1628&format=png&auto=webp&s=7dc26fb0a5794f7d229fbbdf9d24595e7a09caa5) + +[Link to CME 10-Q](https://sec.report/Document/0001156375-21-000093/#ia08ca94a281642aabd536aae65bd632b_121) + +**ASSETS** + +In no prior 10-Q or 10-K have CME group ever held "Assets held for sale". Not only have they never held one, but they are currently sitting on $1.4 Billion Dollars worth of Assets that are set to be sold. I hypothesize that this could be future shares of "Memestocks" that need to be purchased by futures trade counterparty members. + +**LIABILITIES** + +Another key figure that is worth looking at is the "**Performance Bonds and Guaranty Fund Contributions**". Now I have looked at several prior regulatory filings, and it would appear that these Performance Bonds & Guaranty Fun Contributions have ballooned in the first half of 2021. + +&#x200B; + +|Year|H1 June 30th|Percentage gain over last half|H2 December 31 (prior year)|Percentage gain over last half| +|:-|:-|:-|:-|:-| +|2017|47,405|\-|44,185|\-6.8%| +|2018|36,885|\-16.5%|39,455|\+6.9%| +|2019|32,490|\-17.6%|37,076|\+14.1%| +|2020|79,441|\+214%|86,782|\+9.2%| +|2021|141,300|\+62.8%|\-|| + +&#x200B; + +Now what the heck are performance bonds and guaranty fund contributions? (I could be wrong, if someone could help me with this, that would be great). + +&#x200B; + +[ \\" Clearing firm guaranty fund contributions received in the form of cash or U.S. Treasury securities as well as the performance bond assets deposited by defaulting clearing members can be used to collateralize the facility\\" ](https://preview.redd.it/vnnx21zzath71.png?width=1633&format=png&auto=webp&s=b7e46cab612d421eba724bc595ca1b0a414fd01c) + +Now I could be wrong by it would appear that these funds are a premium that is paid to CME as of counterparty risk in case of a defaulting member/inability to fulfill one's contract. Logically if you are in a futures trade with CME, and you are in serious trouble, your fees should increase. + +&#x200B; + +[I believe these funds are raised by the premium paid CME counterparties against default risk. The significant increase reflects the increased counterparty risk](https://preview.redd.it/f2y0e67wgth71.png?width=481&format=png&auto=webp&s=42b2c2a215dadc61e302fc28de6b23bc081e9680) + +**Conclusion on Part 1: It would appear that there has been a sharp increase in the premium paid for CME Group to partake in counterparty risk for their trading facility. It also appears that they are now holding large assets set for sale on their financial statement that they did not have prior to 2021. This also lines up with the current timeline of the predictive use of Memestocks in the Futures market. It's possible that the counterparty risk is reflective of the true price of each stock, and the asset is the current market price.** + +**Part 2** + +**Confirmation Of Futures Wave Theory By The Share Offering Actions Of Mudrick Captial.** + +Now this will be a very polarizing topic, and I fully expect some pushback behind this theory. + +In full disclosure, I have stock positions in several different securities, and **I AM NOT** going to discuss what is FUD or TRUE or anything along those lines. I am simply pointing to evidence and asking questions. Nothing I say is financial advice, and I am happy to debunk or correct this theory if someone posts valid counter DD. This is not intended to divide anyone. + +On June 1st, a different stock named let's call Voldemort (for the purposes of what is allowed to be discussed on this sub/not because it's evil) had a share offering of 8.5 Million shares. The actions of the board and the distribution of those shares seemed strange to me. Let's discuss... + +**Share offering by Ryan Cohen and his board** + +Now when Ryan Cohen released shares to raise money for Gamestop he sold slowly, and directly to the market in order to minimize the downward price action to GME stock. I believe he did this with his shareholder directly in mind. + +**Share offering committed by Mudrick Capital** + +At this point, the board members of the Voldemort stock seem nice, and I completely agree with using shares to raise capital for their in-debt company. As a shareholder, I fully support that line of thinking and I believe financial stability is extremely important. That being said I am entitled to ask how those shares are sold. + +Now I question why did Mudrick Capital decide to purchase 8.5 million shares at a price of $27.14 per share if the stock was trading sideways for months prior. They could have easily purchased shares at a discount often between the price of $9-$13 anytime during May. If they believed in the companies fundamentals they would have believed they overpaid, and if they purchased the stock for a squeeze play they wouldn't have sold the next day. The real reason they purchased the stock lays outside of the intrinsic value of the share. + +&#x200B; + +[ https:\/\/d18rn0p25nwr6d.cloudfront.net\/CIK-0001411579\/c35816d5-e990-4129-a979-25bc305396c2.pdf](https://preview.redd.it/swhxgkpknth71.png?width=1014&format=png&auto=webp&s=e272fe58f5f66108c9b98b1396a6fdc5a2c24bbf) + +Now hear me out... + +If Mudrick wanted to earn the best return on their investment they would have sold slowly as well, or through mechanisms to not tank the stock price, heck if they believed in a potential squeeze they wouldn't have sold. The very next day after Mudrick Capital sold those shares the price action skyrocketed up to $72 dollars. Instead, they sold for $41 million dollars in profit a day earlier. + +**Now, why is this important! Mudrick Captial sold those shares, not for the purpose of generating profit but because the stock had intrinsic value outside its share price. They needed to tank the price and dilute the float at the EXACT start of the roll-over expiry window**. **They knew about the run-up and sold in the best interest of the hedgefund buddies with short positions. These actions killed some momentum of the wave of the next futures roll-over date and it was so important to them that it cost them over $300 MILLION DOLLARS of opportunity cost. THE GOAL WAS 100% PRICE MANIPULATION NOT PROFIT!** + +&#x200B; + +[ ](https://preview.redd.it/jgxtd1bxnth71.png?width=1008&format=png&auto=webp&s=fd489cafa0a4d22d12879dff11552a5b55a0c36a) + +In selling that extra 8.5 Million shares at that exact time Mudrick was able to give breathing room to those in a short position and limit even more June upward price action. Had this stock rocketed past the $72 mark it peaked at, it's possible it would have been past an acceptable margin range for some short hedge funds. + +The timing was incredible suspect, and how it was handled hurt its shareholders. I am not saying that the board did so on purpose, but rather the board was naive, and did not know the underlying mechanisms of why the price moved the way it did. + +I will also add I am not saying that the board of this company had anything to do with it. If someone offered me over twice the price for stock in my company than what it was trading at for a month I think they have to take that deal 9 times out of 10. They have a duty to their shareholders to do what's best for the company. It's very possible they did not know about the mechanics of the futures wave, and may or may not have accidentally driven down the share price in a very key moment. + +**Conclusion on Part 2:** **Had Voldemort stock sold their shares directly to retail the price would not have been suppressed during the rollover window. The price would have likely moved much higher than the $72 peak and may have triggered several margin calls.** + +Cheers! + +APE OUT + +Additional note: I have checked part 2 of my theory to a few people and the pushback is 8.5 Million shares shouldn't matter to the company and couldn't be responsible for what I am claiming. My push back at least in my experience I have yet to see any significant correlation between volume and upward price moment. There has only been significant movement down by market manipulation and selling of real and synthetic shares. Referencing several gages that represent buy pressure, there has almost never been any significant upward price movement from buying the stock. I 100% percent wish all shareholders of this stock nothing but the best, but until something is done about ~~dark pools~~ internalizers (EDIT 1), I don't believe any large buy pressure will be from retail. + +&#x200B; + +Also, lay of Dr. Timbath, she's really in the corner of honest capital markets, and it's her life's work. Lay off the attacks. +In every system you eventually find that you can tie it back to nature no matter how complex. There is a basic core set of needs everyone is operating from, we really just differ in the degrees of complexity with which we achieve those core needs. Those degrees of complexity are generally proportional to the success in which we attain the materials associated with appeasing those needs. More complexity = greater success. I mean we’re a tool using sapien, the more tools, or better yet the more efficient the tool, the better and a democratic system is intent on creating an environment that allows for equal opportunity for the most competent among us to rise to elite status. From here, this ever evolving elite must create new rules to help maintain a balanced environment through time and space. This is adaptation on a societal scale. + +The fittest among us generally create the most efficient tools (there are exceptions to this rule) and thus gain the most resources which raises their stature in the group, increases theirs and their children’s chances of survival and removes a number of the stressors created by the lack of resources. Our culture has created a system of monetary distribution that allows for a greater number of people to succeed within it but this system has been essentially hacked by a small but extremely powerful contingent of the elite. This happens in a democratic system where wealth transfers within nuclear families, eventually a sociopath will be born and be given free reigns over the economy. The problem is not necessarily the system of generational wealth transfer but of the outsized influence the elite have gained over the system of government that was designed to prevent just that. What we have here is a democratic government ruled by a poly-monarchy. And so we find that the elite are not necessarily inherently morally superior in any way shape for form, as moral superiority is not a necessity for resource gathering in our current system. In essence they’re just better at creating an opaque maze that keeps the masses forever a chasm away from their buried treasure and all that goes with it. + +We see then that it is incumbent upon the will of the people to check the power of the elite by figuring out the particular mazes created by the corrupt and destroying them. That’s the dance of humanity, right there in black and white and it’s the same play on a grander and grander stage for eternity. And is that not exactly what we’re doing here, that same dance, to the same rhythm, with the same significance it will always have. This dance is a necessary one, the process of natural selection is not straightforward, there will essentially be viruses created and in a poly-monarchy or oligarchy as we have now, that virus can have dire consequences if not checked. It is the will of the people that must rise up, like white blood cells, and destroy the virus in order for the body to survive. This is the play of nature, we can find it everywhere, in our oceans, on the Serengeti, in our veins, in sub atomic particles, in everything. + +Prior to the GME saga did you know this specific maze even existed to begin with? I mean, you probably imagined an event horizon of sorts, where the elite played their hidden game of corruption, leaving just enough bread to keep the masses from starving, but nothing really granular beyond that. You were never given even the slightest glimpse of this particular maze throughout your entire education, it’s too new to be taught in schools, it’s happening in real time. And when you discovered this complex maze did you find it intuitively easy to navigate? This maze of PFOF, Dark Pools, Naked Shorting, MSM complicity on a level even a strident conspiracy theorist would be alarmed by, and much more. Did you need a map? That’s what the DD is, it’s a map through a maze. And it’s granular as fuck but once you get your footing you begin to walk with confidence. And this particular maze is so nefarious its caused a number of the elite to defect. Dr. T for instance, providing us with a direct map to DRS. Then we have Ryan Cohen providing us with a map towards digital currency decentralization which basically means he’s figured out the maze, knows who’s behind it, understands its threat and he’s creating the antidote. The antidote always strengthens the white blood cells (us) and teaches them how to destroy the virus. + +And so as we approach the end of the maze the virus will put up its greatest and final defense, a giant smokescreen in an attempt to make us lose sight of the finish line. No group of retail investors have ever gotten this close to the end of this particular maze, it was just so complex they believed no one ever could. Thus they are caught off guard and scrambling for a way to get us to sell. The problem is we have the perfect map, the perfect antidote and our map includes a clear description of every tactic they’re desperately trying on us now. They have already lost, this is the perfect storm. + +Always remember, we did not simply navigate a complex maze to defeat a corrupt oligarchy. We did what every generation has been forced to do, with greater degrees of urgency and success than others. We’ve forced morality upon the elite. We’ve destroyed a virus that would replicate uncontrollably if given the chance and we’ve restored balance, if just for a moment. + +Take this moment to reflect and don’t forget to smash that subscribe button ya’ll. + +TL:DR: A contingent of ruling elite have created an imbalance by establishing an oligarchy that usurps the democratic system created to prevent that very thing. They maintain this imbalance by keeping their nefarious activities hidden through an opaque maze of regulations, dark pools etc…Navigating this maze requires a map (DD). The goal is to destroy the virus within the oligarchy. Ryan Cohen has built the antidote. Together we are restoring balance. This is a tale as old as time. +This is my email to them: + +> Network fees have grown substantially in the past few months with increased adoption and usage. Coinbase was quick to support a hardfork to update every node on the network within a matter of just a couple of weeks. + +> Now, months later, Coinbase is still not allowing users to use SegWit, which will lower fees and increase the network capacity substantially. As I am sure your priority is to help your customers and give them the best and lowest cost experience (If I am to believe the years of bickering over a hard fork) you are doing everything in your power to get it implemented right away. Libbitcoin has recently updated to include SegWit in their tool set, making it easier than ever to implement this capacity increase on your platform. Please, if you actually care about Bitcoin's success and usability, if you care about your customers and staying at the top of the bitcoin exchange industry, implement SegWit so we can get greater capacity and lower fees for use of Bitcoin as global sound money, and prepare for the many other upgrades and advantages that come with this improvement. + +> I implore you. Read your CEO's own arguments regarding how important increased capacity and lower fees are, and implement SegWit. + +I truly wanted to believe that this wasn't on purpose. I have been a Coinbase apologist for a long time, as they have always been a great service in my experience. But at this point, and after months of their statements and feet dragging, It makes *absolutely zero sense* why they haven't done the very thing that would double the network capacity as the largest platform for buying and selling Bitcoin. + +Not only do I think they have no interest in doing so. I think they are deliberately avoiding it to support their investment and change of focus toward ETH and other alts. Then using their large market share to prevent Bitcoin from gaining the capacity that they screamed for so long was *a network killing requirement.* + +This is gross negligence and just outright being a stubborn ass at this point. There is no testing being done, there is no work being done. He dodges questions, every Twitter post is followed by a list of 100+ replies asking about SegWit, then he absurdly claims no one is asking for it. + +I have recently discovered how easy it is to use Localbitcoins to buy and sell bitcoins. I was always supportive of, but never needed the platform, as Coinbase was always a trusted and reliable option for me. Now, I will be doing everything I can to remove my reliance on an obviously adversarial company and CEO. This goes beyond negligence at this point. It is clearly deliberate and based on an astounding level of belligerence. + +• Coinbase does not contribute *anything* to development. + +• Coinbase complains and argues about development, high fees, and low capacity constantly. + +• Coinbase has promoted and pushed alternatives. Perfectly acceptable *IF* they are not simultaneously and deliberately preventing upgrades to Bitcoin... which they clearly are. + +• Coinbase has deliberately ignored the tens of thousands of requests to implement SegWit and done so in an insultingly dismissive way. + +• Coinbase has gone from a great platform and introduction into the cryptocurrency ecosystem, to being the *biggest obstacle* to Bitcoin's growth and success. + +I will never recommend Coinbase again. And of the 40-50 people I have directed toward them over my 6 year involvement in the Bitcoin space, I will be encouraging them to leave their platform and directing to the next best alternatives. (Square cant get here fast enough) Any suggestions on other services to try in the US would be greatly appreciated. I intend to try them all so I have the best place to direct the people that come to me on a regular basis, asking about Bitcoin and crypto. + +I encourage everyone to do the same. +TFSA is for passive investing. Trading/frequent transactions aren't allowed. So shouldn't active fund stocks also not be allowed in TFSA? Sure, by holding an actively traded fund in my TFSA, I'm not the one making the trades, but someone (eg ARKK's fund managers) at a secondary level is. As a thought experiment, can some startup create a structure that allows anyone to create an active fund and hold the stocks of that fund in their TFSA? All trading is done at the fund level and not the TFSA level. Therefore, the stock in TFSA is treated as passive and in compliance with CRA rules (analogous to holding ARKK in TFSA). In this way, we can circumvent the rule of no active trading in TFSA? +Do you have similar holdings? Different holdings? + +Planning to open up a RRSP. + +Currently have XEQT in my TFSA. + +Wondering if I should sell my XEQT in my TFSA and just go all XEQT in the RRSP instead. +Appreciate any and all feedback, especially from folks who have been involved in PE deals. + +**Background** +I am a director (1 of 7 with 3 c-level people above) at a company that does \~20m in revenue. I make $400k per year. I was 1/4 vested when the PE deal happened, call it 10k shares out of 40k. The PE co bought 49% of the business. I was allowed to sell 49% of my vested shares despite being promised that all my shares would accelerate. In the end, none of my shares were accelerated and I have been offered no additional incentive plan. Was I screwed? + +**Details** + +* The investment was a big deal, with the c-level folks spending like 10 months on the deal non stop +* I was told by the CEO in writing and verbally prior to the deal that "all my shares would accelerate," and they trotted me out to the PE firm with this understanding and buttered me up before the calls. +* As the deal neared (t minus 1 week), I sent an email to the CEO specifically saying I wanted to check my understanding, and that I could sell 49% (pro rata with everyone else) of my accelerated 40k shares. He said, "No. your shares will accelerate "at" closing but not "before" closing, so you will not be eligible to sell the accelerated shares. So only 49% of your already-vested 10k shares. But the rest of your shares will accelerate at closing" +* There was a flurry of emails at closing demanding I sign various paperwork by noon, etc. High pressure from CEO, no time to consider, no lawyer to consult with. I ended up acquiescing to my boss' demands and just signing everything to not be a problem. I remind you, this was the last moment of a year-long process, the pressure on me from above was extreme. +* When the dust settled, I was told due to tax implications, my shares would \*not\* accelerate, and that I am on the same vesting schedule as before, with only 1/4 of my shares vested. Though I was able to sell 49% of my 10k shares for a bonus that was about 1 month's pay. +* it has now been a few months since closing. I had expected the PE firm or the c-levels to reach out to me with a new incentive plan for growing the business, but they haven't. It seems my old vesting schedule remains the only incentive plan. +* I should mention I am highly regarded and they like me a lot, so there is no real chance that this is a soft firing. I should also mention I am friends with the CEO and we hang out, so it's not exactly easy to confront him over what I think was a wrong. + +**Questions** + +* Should I demand that my shares accelerate as promised? I actually wouldn't be thrilled to pay the taxes on these as I don't super believe in the company going forward. +* Should I ask for a new incentive plan from the PE firm? It seems kind of janky that my incentive is now what it always was after moving the ball. +* What is your recommended course of action? + +Thanks so much! +Hello, + +So basically my friend wants to transfer £30k to me every year as a gift. The money has/will been/be earned through legitimate means that he can prove, and he wants to give me £30k every year. He’s setup a company that has done really well and has received a lot of funding. + + +Essentially I helped him out a while back when he was suicidal and he said he wants to gift me the money because he’s ‘eternally grateful’ lol + +So my questions are: is it even possible for him to just transfer me £30k each year, and will I have to pay tax on this? Should I be speaking to an accountant? All the money will be coming from his own personal bank account. + +Sorry for the random nature of these questions; his announcement has stunned me quite a bit, and he’s adamant that I take the money. + +Thanks +For those of you who haven't come across the term flag theory it is the idea that one can improve their overall quality of life by internationalising their affairs. In doing so it is possible to take advantage of geographic arbitrage and favourable tax locales. This is more common at ultra fat levels but can also be effective at modest income. Google will reveal a lot of content on the subject. + +&nbsp; + +Instead of remaining in your birth country a basic example of how this may work: + + +Work overseas in a higher income country with low/no tax on income + +Structure business affairs in a country with low/no corporation tax + +Spend money in countries where purchasing power is higher + +Bank accounts in politically stable country + +Vacation where the weather is nice + + +&nbsp; + +I'd love to hear stories about how you are using arrangements like this to your advantage/plan to. +I started a start-up two years ago with my friend. We've been working hard and have raised $10m so far and currently have 15 employees. Our investors and partners are very impressed with our technology and its potential but, at the moment, we don't have significant revenues.  + +Although there have been lots of ups and downs, I have enjoyed working on the technical perspective of our work and it's been quite rewarding to see our product improving over time.  + +However, recently, I started feeling I'm not passionate or desperate enough as a co-founder of the company. I used to be very committed but, starting a few months ago, I started slacking off a bit. There are some reasons why... Me and my spouse currently have $10m NW (due to an exit which happened after I started my business). By next year, we're expecting two more exit events - one from my previous employer where we expect to get around $20m, another from my spouse's business for around $100m. I know it's not realized but the expectation of those liquidity events had some influence on my attitude to work.  + +I still work from 9 to 6 but, other than a few meetings at night, I don't really work on my computer once I get back home. But I feel like if you're a founder of the company you've got to be committed more than that. Before the recent change in attitude, I used to work 80 to 100 hours per week. Now I probably work only half of that.  + +Now I feel guilty toward my co-founder and investors. My co-founder is 100% relying on me for the technology. My investors invested in us because they believed in our vision. If I slack off at this moment, that vision has much less chance to pan out. I tried to convince myself that I'm not done here yet but still it's quite hard to get the desperation I used to have. My company still has enough cash to stay in business for a couple more years but to get to the next level, I feel like I can't stay this way.  + +Does anyone have advice on how to regain motivation? I would appreciate any advice.  +Hi! + +I wanted to make a trading bot as a hobby project, but I've read on this subreddit that it is not quite good to try to predict stock prices using ML. Given historical stock data, I would like to predict whether I should buy/sell/hold stock in the next day. I have few questions regarding this problem: + +1. Is buy/sell/hold labels for classification a good way to formulate this problem? +2. Assuming that classification is a good way to predict actions, how I should generate labels for historical data? Using some technical analysis and using lets say RSI, MACD or other indicators? How I should approach this? +3. What are other ways to model this problem, if I want to use it later in trading bot (I assume that actions would be taken daily granurality)? + +Also I would be grateful for any tips/resources on how to start this project. Sorry for newbie post, but things are not clear for me yet :) +A lot of people on this subreddit seem to have multiple strategies, some performing better than others. Usually a strategy involves a central idea and then the developer tries to fully develop this idea until it either proves to be profitable or the idea is understood to be garbage. When do you guys determine that the sharp ratio is good enough, or that the idea is fully developed, or that the whole strategy is useless? + +I ask this because Ive been working on a single strategy for a long ass time and im making slow progress but its still progress. +Got modded twice. Finally the daily limit is over. + +FatMan has been doing a great job catching Do Kwon's shady business after LUNA crash recently he caught the wallet which got 20M LUNA Airdrop belongs to Do Kwon. After LUNA 2.0 launch Do Kwon called it complete "Community-Owned chain" while he was voting on his own proposals with 5% Voting Power. + +&#x200B; + +https://preview.redd.it/93ogmqu58e591.jpg?width=1000&format=pjpg&auto=webp&s=5625a403e01eb4b663ec219f2a537cd8ce991a41 + +This is the proposal which was submitted by Do Kwon. + +&#x200B; + +[https://classic-agora.terra.money/t/columbus-5-mainnet-upgrade-proposal-and-recommendations/1840](https://classic-agora.terra.money/t/columbus-5-mainnet-upgrade-proposal-and-recommendations/1840) + +Corresponding on-chain proposal authored by Do Kwon (submitted from the mystery wallet): [https://finder.terra.money/classic/tx/1D1B0F534EDD8B1F8F75FF005DE02C63226AC635F782E6E44FA1148125D375BE](https://finder.terra.money/classic/tx/1D1B0F534EDD8B1F8F75FF005DE02C63226AC635F782E6E44FA1148125D375BE) + + +&#x200B; + +https://preview.redd.it/3d6u0yd68e591.jpg?width=680&format=pjpg&auto=webp&s=d37824c08e97878c3cdff28285dabe364c508e98 +Spam transactions galore; fud on every crypto Reddit; hash power temporarily drained off to B cash. Honestly, we’ve seen every one of these before. Nothing is different. Each time this happens, newbies panic and buy some altcoin(s) and then they are left holding the bag when the value flows back to bitcoin and a new wave of users comes in, driving the price up to new highs and becoming the targets of the next alt pump. It’s a cycle that keeps repeating. +EDIT since I can't edit title now: March, not Feb. + +Hello, + +Right now the interest rate on FD is 4.9% in ICICI. At the same time the liquid fund of ICICI Prudential: https://www.moneycontrol.com/mutual-funds/nav/icici-prudential-liquid-fund-direct-fund-growth/MPI1216 has a one year return of 3.93%. + +Now I understand liquid funds are evaluated from a PoV of liquidity and safety over returns, however in 2021 it takes 1 day to liquidate a FD in ICICI/HDFC etc. online and given the banks are systemically important it's as safe as safe can be. + +My question then would be, what am I missing here in terms of why one should prefer a liquid fund over a bank FD? + +Should one instead be looking at this as a choice between keeping the money in a bank account vs liquid fund instead of FD vs liquid fund? If yes, assuming one won't have a "very urgent" cash requirement where they need funds under a day, should one keep the "mostly liquid" part of their portfolio in FDs over liquid funds right now? + +What are the other evaluation criteria that I'm missing? + +I thought about indexation but since these investments aren't meant for compounding over a long horizon and would certainly be liquidated at the 365 + 1 day mark, as I understand it the indexation factor wouldn't be high enough to make much of a difference. More than likely one would pay STCG instead of LTCG too if they don't take it to the full 365 day mark. +Ask your investing related queries here! + +The members of /r/IndiaInvestments are here to answer and educate! + +Alternatively, you could [join our Discord](https://indiainvestments.wiki/discord) and seek answers to your queries + +If you're looking for reviews on any of these following, follow the links: + +- [which bank or brokerage to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +- [which fund house is more capable and trustworthy](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new) +- [which investing platform to use](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), +- [which insurance company is reliable](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new) + +Generally speaking, there is no best stock, or fund, or bank, or brokerage, or investment platform. + +Answers are always subjective to your personal needs, but use those threads a starting point for you to look at what other Redditors have to say about a company, product, fund, or service. + +You can then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is _I got 10k INR, what do I do to get most returns out of it?_, or anything similar; there is no single answer to this question. But we will also need A LOT MORE information if we are to provide some sort of answer: + +- How old are you? +- Are you employed/making income? +- How much? What are your objectives with this money? +- Do you have any loan, or big expense coming up? +- What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know it's 100% safe?) +- What are you current holdings? (Do you already have exposure to specific funds and sectors? Have you invested in equity before?) +- Any other assets? House paid off? Cars? Partner pushing you to spend more? +- What is your time horizon? Do you need this money next month? Next 20yrs? +- Any big debts? +- Any other relevant financial information about you, that will be useful to give you an informed response. + +Beware that these answers are just opinions of fellow Redditors and should only be used as a starting point for your research. This is **NOT** financial advice, in legal sense of the term. + +You should strongly consider consulting a registered fee-only financial advisor before making any financial decisions. Ideally, such advisors should be registered with SEBI, and have a registration number. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search/?q=advice%20thread%20personal%20situation&restrict_sr=1). +At the outset, let me confess that I am not actively investing in stocks or MFs. I was a student of finance sometime back and I still read finance news with an academic interest. So, I may not really understand the practical considerations that Reliance might have had in the context of the Indian scenario. + +Having said that, I'd really love to understand why would Ambani want RIL and Jio to go debt-free. +Doesn't that take away the interest tax shields? Why give up additional cash that comes at low risk debt for trading it all for a relatively risky equity, while ceding ownership interests to others - especially in RIL, if the Aramco investment if it actually happens in RIL being at 20% is an FDI, giving them directors on the board? + +Or am I overestimating the positive cash impact of interest tax shields? +I have seen a few posts about the new index fund offering from Motilal Oswal. + +1. NIFTY 500 +2. Nifty Bankex +3. Mid cap 150 +4. Small cap 250 + +All 4 index funds are available for SIP and lumps purchase and at an **expense ratio of 0.38%** (Not the lowest, but still not bad) + +[https://www.motilaloswalmf.com/mf/indexfunds/](https://www.motilaloswalmf.com/mf/indexfunds/) +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) +My wife (57) and I (59) are planning on quitting our jobs and FIRE next year. Our current assets are roughly 3.7 million USD in stocks and bonds and 185k in savings. Our primary home is valued at 1.9MUSD and we also own a rental skiing lodge worth 120k, generating net 4.5 k/year. + +Total assets around 6 MUSD + +For the next 6 years until pension becomes available our only source of income will be from rental apt + 5kUSD from stock dividends. So about 10k annually. + +At 65 our pension will trigger and we will receive in total 12 k USD/month, the rest of our lives. + +We live in Europe and don't have to worry about health insurance and the current tax on stocks and bonds are 0.4 percent annually of the total amount of 3.7musd (no gains tax) + +We plan on travelling the world for 3-4 years but are unsure of how much we can afford to spend monthly without ever risking running out of funds. And if its wise to sell of 0.5-1.5 MUSD of our stock and keep them in a saving acc. +Seems like every auction in person or online trots it out: + +"Make no mistake, this will be sold" +"Make no mistake, this is rare offering" +"Make no mistake, this is the last call" + +My favourite is the first one, then the property gets passed in. Mistake made, I guess. +I have been swing trading for the past year and a half and been actually quite successful thanks to some bigger hits. A few months ago I started getting interested in day trading and currently in the process of practicing it regularly. I'm quiet passionate about it and enjoy the process but yesterday I saw this video by Ben Felix and made me start to think.... Is day trading something to really pour my time into and should pursue or is it just a waste of time that will drain my bank account over time? + +Constructive answers only please, I'm genuinely curious about the opinion from day traders themselves. Only answer if you have seen the full video. I think Ben Felix makes some very valid points and he supports all his arguments with veridic data from studies and reports. Now I want the opinion from the other side of the coin. + +Thanks in advance!! :) +I know a lot of people here are younger and in the early mid stages of FIRE and a lot are already FIRE an enjoying their lives and chilling and it's exciting to see and encouraging. + +I, on the other hand, am watching my parents practically commit to an early demise or bedridden lifestyle sooner rather than later and it horrifies me. One works a minimum wage back breaking job just for health insurance and is around 60 years old. The other is older and owns commerical property that usually takes care of itself and residential units that are trash with trash tenants and refuses to sell for a loss (and given the location they aren't too hot on the market anyway) they also manage ALL the repairs themselves and the turnover is absolutely horrendous. Hell the RMD is so much they're paying higher taxes now. They have money to care for themselves but won't. I'm absolutely mortified. + +I know this is more relationship advice but someone on here has to have either been in the situation or something. Cuz I am desperate af. I was home for a few days and guys, they could barely walk without some pain. It's absolutely heartbreaking. They won't spend anything on themselves like they need to. Fortunately they eat well and are in otherwise semi decent health (save for high blood sugar levels which I'm 99% sure isn't even diet related any more it's stress and lack of sleep and so on) + +They have money. They just ...won't use it. + +Idk what I have to do to get through to them that it will actually kill them. And it's not just death it's just physical ailments. I mean what the fuck. They don't take care of themselves. Or do I have to lay it out in clear terms "your stubbornness will kill you. I don't want your inheritance, I want you to take care of yourself" except I know the answer to that would be backlash. + +They're only the FI part of the FIRE and I need them to get to the rest of it +TLDR; Read the bottom of the post + +Yesterday, [I told you](https://www.reddit.com/r/wallstreetbets/comments/fyvnxt/what_happened_and_why_markets_seem_irrational/) about the events of the past few months and what it will mean for us in the near future. Well, since I had nothing better to do since we're all stuck in our houses for the next few months, I've decided to do another DD where we look back at the history of the stock market, 100-year trends, basic macro-economics, and how we could have SPY at 84 in the next few years. + +# A History of the Stock Market and the US Economy + +[DJI 1900 - 2020, log scale](https://preview.redd.it/ebvoys6w3as41.png?width=1600&format=png&auto=webp&s=b415f5f30739160a2e0e8fb855f7735dc2b02575) + +The chart you see above is a log-scale graph of the Dow from 1900 to now. You’ll notice that there’s a long-term support line, which made contact in the depth of the Great Depression, and during the late 1970s. So what does this line represent? + +In the short term, markets are pretty random and irrational. In the long term, stock prices usually reflect earnings, and thus stock indexes grow alongside the economy. The purple line you see here is the exponential growth of the economy’s productivity (and inflation to a certain extent) since the 1900s in cycles of growth driven by technological innovation, with the expectation of growth accelerating the inflation of equity valuations, followed by a crisis changing the fundamentals of the economy, and finally stagnation. + +**Pre-1929 - Electrification** + +The period of the beginning of the 1900s to 1930 saw the rise of electricity being used in industries and in households, along with mass production techniques. This led to the workforce being more efficient at making things, leading to an increase in earnings, GDP, and the stock market. + +**1930s to mid-1940s - Depression and War** + +We all know what happened during these periods. The Great Depression, which eventually led World War II. What caused this? To this day, economists still argue about what exactly happened, but here’s a simplified version of what most people can agree on. + +First, what causes a recession? Fundamentally, a recession happens when the supply and demand in the economy become mismatched. If you have a sudden decrease in a supply, we call this a supply shock. This usually happens with an important commodity that’s important to the economy, like oil. We’ll revisit this in the 1970s. A sudden increase in supply is also a supply shock and can also cause an economic decline, such as in Venezuela's case. But in the 1930s, this was a demand shock. + +There was a decrease in demand after the roaring 20s due to the large amount of consumer debt that people took on to fund their new household appliances, like toasters. In other words, consumers and the economy overall was overleveraged. These debt cycles are a natural economic phenomenon, but the economic decline was exasperated by the Fed’s poor decision making; they basically did the opposite of what they’re doing right now. They raised interest rates in an attempt to preserve the dollar’s value, and a liquidity crunch followed where everyone was trying to get their hands on dollars. This caused a deflationary spiral. Banks, with no actual backing from the Fed at this time, started having runs where customers demand to withdraw all their deposits. Since banks usually loan out most of their cash, many of them begin running out of cash and go under, causing more people to panic that they’ll lose all of their deposits and causing more bank runs. + +This depression eventually led to a decade of economic depression, followed by a devastating war that destroyed much of the world’s economy and infrastructure - except for countries in the Americas. + +**Late-1940s to early 1970s - The post-war boom** + +The golden age of capitalism. This time instead of it being driven by some new technology, it was a combination of increased global trade, Keynesian economics, and the fact that the US was one of the few countries that didn’t have almost all productive capacity destroyed in WWII. + +**1970s - Stagflation** + +This was a period of stagflation, with both high inflation and economic stagnation, and was caused by a supply shock. Specifically, OPEC decided to cut their supply of oil to the US because they didn’t like their support of Israel. Higher oil prices mean higher prices to produce everything and less things being produced. The Fed meanwhile had no idea how to respond to this, since according to Keynesian theory, high inflation and high unemployment were impossible. When you have stagnation, you lower interest rates, but with inflation already rampant this makes a bad situation worse. + +**1980s - 2020 - The Information Age** + +The most recent long-term economic boom is the result of improved efficiency from globalization, computers, and the internet. Except for a small blip in 2008 caused by some dumbasses on Wall Street thinking a diversified pool of mortgages to people with no income or assets deserve a AAA rating, the economy has been enjoying a period of consistent growth - but for how long? + +**2020 - 2030 - Stagnation?** + +There’s a good argument here that we’re at the top of the long-term business cycle, and that the GDP growth in the recent years has not been from increased productivity but fueled by debt and low interest rates. Think about it - it's been over 10 years since the last recession. Yet, throughout this entire time, the Fed rate has been held to effectively 0 and the government has been maintaining a deficit like we’re still in the 2008 recession. + +[Fed funds rate, 1960 - 2020](https://preview.redd.it/05b1ain56as41.png?width=1600&format=png&auto=webp&s=126897b35b6d72adce6abe047dc395699abb6732) + +[US govt. surplus \/ deficit](https://preview.redd.it/ywmsfco66as41.png?width=1600&format=png&auto=webp&s=43cdfcb1d0dfdb820c9e5441b1505ce8c2a898b2) + +Even with all this stimulus going on, the GDP is struggling to even get to 3%. If we didn’t have artificially low interest rates and high federal deficits masking the GDP growth numbers, we’d be seeing the US economy slowly head towards yet another period of stagnation. In fact, there’s another very large country that experienced this - Japan. + +# Japan - The Economy of the Future + +[Bank of Japan interest rates](https://preview.redd.it/v6qj5fhg6as41.png?width=1600&format=png&auto=webp&s=84cdbd023744e6ff606543bceaba2369cc98b507) + +[Japanese Government surplus \/ deficits](https://preview.redd.it/42za9ewh6as41.png?width=1410&format=png&auto=webp&s=59f22284c6e2e8292d08ea66f8cc77cad7ed940a) + +After nearly two decades of low interest rates and budget deficits, Japan can barely get their real GDP growth above 2%. + +[Japan GDP](https://preview.redd.it/73v8b9sp6as41.png?width=1600&format=png&auto=webp&s=b54891a9f59801599f0086b8f799bbdc463682ff) + +Let’s look at how the Japanese stock market is doing during this time. + +[Nikkei 225, 1980 - 2020](https://preview.redd.it/h0gtdxhr6as41.png?width=1600&format=png&auto=webp&s=c9f4b878d85a18eebc01575a21904c5a03b34a25) + +What you’re seeing here is the Nikkei 225 growing to its peak in 1990, crashing, and then never recovering to its previous highs. The Lost Score (20 years). But why didn’t it ever recover? Don’t stonks and the economy only go up in the long run? + +In the late 1980s, Japan experienced an asset bubble fueled by **uncontrolled money supply and credit expansion**, overheating the asset market. They started to even start to buy corporate bonds in 2009 and buy stocks in 2010 out of desperation. Huh, this sounds pretty similar to what the Fed is doing right now. + +[Japanese Yen Inflation Rate](https://preview.redd.it/oftsdxex6as41.png?width=1600&format=png&auto=webp&s=dfd500c5f8ac4395f4506a0933361767a233dca7) + +Why did they do this? Because they were so reckless in their monetary easing policies that when the asset bubble popped and people stopped spending as much money due to the wealth effect. The Bank of Japan couldn’t do anything to get people to spend money again, having already overheated their markets, and Japan went to two decades of deflation. They’ve caused a **liquidity trap**. + +The Bank of Japan and Japanese government has done everything to try to keep their GDP growing despite nothing actually driving it. Any productivity gains they would have gotten from the adoption of information technology was overshadowed by the decline of their automotive and electronics industries as they became less competitive with the rise of the Asian Tigers, and eventually China. + +History doesn't repeat itself but it often rhymes. We’ve seen that the US economy go into economic stagnation in the past, and modern economies are still in economic stagnation, with nothing except for unsustainable central bank money printing and government debt driving GDP growth. We’ve also seen stock prices rise to new highs, despite nothing fundamentally changing in the real economy justifying the productivity growth across every industry. Low interest rates have also made stock buybacks the norm, with some companies like $PLAY levering themselves to buy back $630M of its own shares in 2019. Their market cap on Jan 1 2020 was around $1.2B. Are we in an asset bubble? + +# The Stock Market Bubble + +Well, what is an asset bubble? It’s when asset prices surge beyond what the fundamentals of them warrant it. It’s when investors become irrational in their valuation, and assume that the price of an asset will continue to go up in the future with no fundamental reasons justifying why it will other than that’s what happened in the past. People on r/investing start telling people that they should “Dollar Cost Average” into the markets when they go down because stocks will go back to new ATHs in a few years. + +Even with the argument that stocks will rebound in the near term to new ATHs because that’s what happened in the past, this is only true if you don’t look at data past 50 years ago and you pretend the US stock exchanges are the only ones in the world. Look at what happened in the 1970s. The Dow didn’t make new significant highs in between 1966 and 1982. That’s 16 years. If you account for the high inflation going on at this time, you would have been slowly losing money in real terms. Even more recently, look at the stock market in Japan. 30 years later and the Nikkei 225 still hasn’t recovered to its previous highs. Imaging DCA-ing into that decline. Meanwhile in Europe, the Euro Stoxx 50 hasn’t come anywhere close to their 2000 highs from 20 years ago. The idea that the stock market will fundamentally always go up in a time span of a decade, which is the mainstream belief touted by every financial advisor and finance gurus is flawed; history and almost every major country’s stock markets show this. + +[Euro Stoxx 50, 1990 - 2020](https://preview.redd.it/yupt7ozt7as41.png?width=1600&format=png&auto=webp&s=0837c4aff8dd7eb088d28647547d7e7d72d2bcc5) + +How can we tell if we’re in a bubble? Let’s look at the fundamentals of stocks, and what should be driving the true valuation of them - Earnings. + +[S&P500 Shiller PE ratio](https://preview.redd.it/gobstuyy7as41.png?width=1600&format=png&auto=webp&s=96143d6870fdb9c02293bcb6f29a7c069f36a6ec) + +It’s hard to know if you’re in a bubble until it bursts. + +**The Bottom** + +The US economy is being driven by debt and consumer confidence. What happens when a black swan event happens that causes a supply shock by locking down supply chains, a demand shock by not allowing the service economy to operate, and another supply shock in the opposite direction happens in oil, because OPEC? Uncertainty and consumer confidence and spending to go down. After a decade of easy money, it might be hard for the Fed to do anything to restart consumer confidence, even years after COVID-19 is eradicated. + +Let’s look back at the long term resistance in the Dow. If we do go into a decade-long deflationary spiral like Japan, we might be on our way to making contact with it, but it will be a slow, multi-year decline. If it takes 3 years to reach the 100-year trend, that will be the DJI declining to 10000 by 2023. That looks bad right? Let’s calculate what a bottom would look like using another method. During the last two periods of long-term stagnation (1930s and 1970s), we saw the Shiller PE ratio of the S&P500 drop down to 8 at the lowest levels. Today it is at 26. Even with pre-lockdown earnings, when the economy was in “great shape”, with low unemployment and high consumer confidence, this would represent a 70% decline in stock valuations, leaving us with the Dow at 7000 and S&P500 at 840. Even going to the historic mean of 17, we should be seeing at least a 35% decline with the Dow at 15400 and S&P500 at 1800. + +In other words, as stock valuations cool down toward normal levels, we’re likely going to see the Dow go to somewhere between 7000 and 15400, and the S&P500 go somewhere between 1800 and 840 in the next few years. + +[🌈🐻hat](https://preview.redd.it/qafgn26m8as41.png?width=512&format=png&auto=webp&s=7227447a2f129e6871e73832472e75b1880ba032) + +TLDR; Read the title + +EDIT - Turns out you can't buy 2025 puts in Robinhood, so SPY 12/16/2022 175p + +Interesting video that goes a bit more in depth about the debt-driven growth of the US economy and stock market, and the liquidity trap its in - [https://www.youtube.com/watch?v=Loj0z43VZ7I](https://www.youtube.com/watch?v=Loj0z43VZ7I) + +EDIT2 - u/fancykevin00 brought up an interesting graphic showing the trend with the Fed increasing their balance sheet (QE) and what happened in the stock market during that time - [https://i.imgur.com/3NLR9rx.png](https://i.imgur.com/3NLR9rx.png) +From many news media outlets and youtuber finance experts and stock gurus, I keep seeing the notion that the stock market is heavily overvalued currently relative to its former valuation metrics that have held for decades. + +To be honest, this is true, and they're not wrong, but what they fail to take into account is that until interest rates go up and/or median home prices come down, for the VAST majority of Americans there are only the following ways of avoiding poverty: education (becoming less and less worth it for most degrees), fraud (risky AND makes you a piece of shit), literal gambling, poker (which I don't classify as gambling if you're highly skilled but is NOT easy to be consistently profitable), starting your own business / youtube / social media (risky if you go all in and not definitely for everyone), and investing in stocks (admirable, and dramatically easier than all of the above to be profitable). Investing in housing is a very viable way to make money, but when the median home price is $400,000 this is no longer accessible to the everyday American for younger generations as a means of building wealth (fuck boomers, they have literally written and enacted laws that benefit them and only them throughout their lives). + +Until investing is no longer the "easy" and accessible way to succeed in life for the everyday American, the stock market is going to perpetually be "overvalued" by former metrics and dips will always have rapid recoveries. + + +So when people and institutions say that the market is "overvalued" take this with a grain of salt and when the market reaches "insane valuations" rest assured you can ignore this until there is another more reliable means of ACTUALLY BEING ABLE TO FUCKING RETIRE SOME DAY. +I know this is a broad question, but I'm curious to know what state-of-the-art algorithms score in terms of prediction accuracy? is it 70%, 80%, higher? +Hello folks, + +https://preview.redd.it/hrovsvwk1yg91.png?width=1153&format=png&auto=webp&s=c4c31a956efbd37b6d45fcfaf59edf4f7c62ade3 + +I have seen this topic brought up just a couple times by some OP whom i do not remember. I figured i may as well try it out myself. + +What you see in the picture below is a basically what is right in the title. I have the current chart of gamestop in logarithmic view using daily candles. The yellow Candles is gamestop from 2019-2021 in logarithmic view using daily candles as well. + +No tainting the scale, no stretching bullshit, just plain o'l daily candles. Gamestop is definitely currently following the same algo. Does anyone have any speculation on this? I mean this certainly is fucking odd, right? + +The OP who pointed this out bet he would chug a glass of water if gamestop doesnt hit $55 next week btw. Buy DRS and Hodl bitches + +Just for the hell of it, i figured id give our boi RC and DFV a shout-out. If it wasn't for DFV id never have bought the stock. If it wasnt for RC id never be still holding the stock. I just really Like the stock now because of these two gentlemen. + +Edit: + +we are so much on a two year cycle that even the last time we had a golden cross was September 2020. We are just about to have another! two mother fucking years later. + +https://preview.redd.it/7g7jyjc6yxg91.png?width=1153&format=png&auto=webp&s=ad0fcc4c95848c0797a33c4ec518a86dc0884342 + [https://themargins.substack.com/p/doordash-and-pizza-arbitrage](https://themargins.substack.com/p/doordash-and-pizza-arbitrage) + +TL;DR - The economics behind the meal delivery platforms like DoorDash and Uber Eats don't work (they're funded by VC money), the platforms end up costing consumers and small businesses more money, and they have shady practices. +In counterpoint to u/PWNWTFBBQ ‘s post on the state of DD in this sub. + +##Acknowledge + +* First, let’s acknowledge their accurate point that putting “DD” or “possible DD” on posts is totally open. Anyone can do it. I did it for this post. Is it DD? [**No.**](https://i.kym-cdn.com/photos/images/facebook/001/483/348/bdd.jpg) + +* Second, this sub is known to have bad actors in it. Shills. Posts of comments. Re-posts. Is there a possibility of diluting the quality of the DD? Maybe. (I’ll go more into this in a minute.) But is there a real threat of low quality DD being posted for ulterior motives? Absolutely. + +* Third, are there assholes on this sub? Yes. Am I one of them? Depends. I mean... we all have bad days. Do some people have a hard time being publicly corrected, or just, corrected at all? Do some people not want to admit to being wrong? Absolutely. + +* Finally, are we publicly playing against semi-disclosed players with undisclosed positions hidden in deep regulatory strata? Yes. Is there a lot of *accurate* information available? Not really. There are excellent *views* here, which are supported by meaningful data, but much of what we are doing is interpretive. My own research-driven, actual DD is included in this statement (I spent my free time today reading HBS research papers on market structure for Part 3 of “The Sun Never Sets on Citadel”. How was your Sunday?) + +##However... + +But let’s get to the question: ***why do we need posts to be marked as DD in the first place?*** + +* I put DD on my posts to show that I did what I thought was research, and I found something which I think the larger community would want to know. That’s it. + +**But it looks like a subset on r/Superstonk think that the DD tag is a signal for** ***reverence*** **for the posts**. To them, DD is a moniker for substance, and they are disappointed when the DD doesn’t meet up to their standards. To them, if the post falls flat, is downright wrong, or worse, the OP is an asshole who doesn’t admit that it’s flatly downright wrong – then it doesn’t deserve the DD. + +&nbsp; + +#I disagree. Full stop. Fuck reverence. + +&nbsp; + +##[Holup](https://i.redd.it/bwyowwbzmqa71.gif) + +1. First, Superstonk DD is effective because of **open accountability**. Meaning, DD is available for review by all. I recognize u/atobitt’s name for his foundational work, even though I have a hard time remembering if it’s 2 “b”s or 2 “t”s when I’m trying to type it out. **His work stands on its own merits, and he includes his sources and references for all to see.** If he does shitty work, anyone can see it, critique it, and understand why it’s shitty. Even u/atobitt is subject to criticism. Nobody rests on their laurels. **Every DD is publicly accountable to anyone.** + +2. Second, Superstonk DD is effective because **we already have a really effective system in place.** Our sub’s best DD is also our most awarded, upvoted, and referenced. If you’re worried about shitty DD getting 100 awards – don’t worry, memes of Legos will get as many before they are both completely forgotten. The best DD rises to the top, stays, gets referenced, shared, saved, printed out, framed, etc. And by the way – not all good DD is the same. Some DD is technical, niche, or isn’t written with everyone in mind. **The most popular DD is popular because it is meaningful to the *whole* community and the *whole* cause of $GME.** + +3. Third, Superstonk DD is effective because of **open contribution.** I didn’t notify anyone when I posted DD. There was no gatekeeper. Several people have pinged me with their DD and the info they are working through. Some of it is legit; some sucks. **I love it all. This sub is about people trying. And trying means we get it wrong.** I welcome feedback on mine (when I’m not an asshole). But I also look back on mine and others and see how **we didn’t quite have the whole picture, but we were better for trying to find it. Even when we got it wrong along the way.** FYI There are really well-written, supported, highly awarded DD posts that point to MOASS happening this past April. They were wrong. But they were right to contribute. + +4. Finally, Superstonk DD works because **we are about community.** I love the low-quality, shitty DD maybe written by a shill or a fourteen year-old with MS paint. (Guys, shut up, I know fourteen year olds are way more competent than to use MS paint unironically). But I love it because subconsciously it trains everyone here, gives us a role, and teaches us what to do. We’ve all seen post after post talking about how people feel a part of this community. It’s important that we all learn not to revere DD because of the moniker, but be better at judging it, getting a sense for the intentions of it. It’s important that each of our judgment on a DD is registered, because it might be meaningful to us in a way. It’s important that we don’t expect others to do the thinking for us. Each of these activities continues to knit our experiences together. + +##Conclusion + +* **I can see many ways how a well-intentioned “DD approval” system would do more to kill the research in this sub than any hedgie campaign ever could.** +* I’m happy to contribute my voice in setting up any new process, but my resources are limited (and everyone knows the mods’ time is too – thank you mods). +* It's one thing if there is an unprecedented, overwhelming abuse of the DD flair that will exceed our mod’s and Satori’s capacity to respond - that is a separate issue. +* But if we are “armchairing” our DD system to say that kids these days don’t write good DD… then find a new slant. The good shit still gets to the top. The bad shit gets 2 front page posts calling it out, with more awards than the actual bad posts themselves. + +Finally, **bad DD is GREAT because it teaches us us that the only real true trustworthy info is BUY and HODL.** + +I am happy to be wrong in my assumptions and views here. But I post this openly, trusting in this community to beat the shit out of my karma if I’m wrong. +Not really though. You wont beat the market reading this, but it will be a decent primer of what to look for in the first few moments you look at a company to avoid mistakes. Before you really dig into it and figure out the qualitative aspects of it. That is where you really beat the market. I'm also assuming you will try it by using fundamental analysis. If your a technical analysis guy, dont read further. + +After reading about 25 books, loads of write ups on VIC, lots of quarterly calls transcripts (they can be v interesting) and alot of annual reports this year, here is what I have found out about investing. It really is quite simple, but I see alot of people ignoring it on here. Ill give two stock examples to make my point what to look at first if you look into buying a stock, Best buy and JCP. But one thing is the most important, the price you pay. Price is everything. + +* **MULTIPLES ARE EVERYTHING** + +Ill give you a quick guide on price earnings multiples. If you dont know what they are: +http://www.investopedia.com/terms/p/price-earningsratio.asp + +What you pay for a company on the **SHORT** term, is going to be the **ONLY** deciding factor on wether your going to beat the market. By short term I mean up to 3-4 years. Long term would be like 20-30 years. In the long term, return on capital matters more. We will only focus on the short term. So a quick guide to multiples to help you short cut this, and to really see at first sight what the market perception of a company is. + +I am assuming here there are no one time charges, and no write downs. This is very simplified, and I explain the pitfall of just looking at P/E ratio like this later. And when you should ignore the PE ratio. But here goes: + +> **60x earnings** (they earned 10 million$ this year, and market values total company at 600 million$): + +Dont buy, its fairly priced or overpriced, period. No matter how promising the company. Only reason to look into this is if they can increase margins by a large factor later on. But that is somewhat rare. Or if cash charges will go below non cash charges later on, more on this later. You would need very serious growth (like 40% a year) for a sustained period to justify buying at this price. You wont find undervalued companies with this multiple, unless like I said, they can cut serious costs (or they are telecoms), or it really is the rare super growth monster without competition. Walmart was trading at this multiple in the dot com bubble, look where they are now. No matter how awesome, you rarely beat the market by buying at these multiples. + +> **15-20x earnings:** + +Fairly priced if you assume they will grow at a 10%+ rate every year and maintain or increase their profit margins. Great companies in still largely untapped markets are usually priced this way. Or great companies that surely wont go anywhere in the next 20-30 years. Often these companies have a high return on capital. If expanding is super expensive, they either need an insane moat (like walmart), or they cant expand. Only time it makes sense to buy at these levels is if they are set up for alot (like 30-40% a year) of growth for a sustained period of at least several years. But unless your very experienced, this would be hard to predict in alot of cases. Maybe if you knew alot about software already in the 90's, buying microsoft at those levels would have made sense at certain points. + +> **10-15x earnings** + +Companies that have half decent moats, and are probably going to grow one way or another. Or wont go anywhere 15 years from now. As soon as growth prospects go away they usually fall into the next category. Their return on capital is generally lower but still decent. +Moat explained: +http://www.investopedia.com/terms/e/economicmoat.asp + +> **10x earnings** + +This is companies that are not growing, but are not going away either. But it is hard to see where they are 10 years from now. They are also companies that would need more capital to expand (which means it will take alot longer before the shareholder sees any of the fruits in dividends or buybacks). + +> **7-9x earnings:** + +These are companies that the market thinks are in decline. They are either typewriter companies when computers are around, or they are in industries with rapidly increasing competition and decreasing margins all around. The market thinks that in the next 10 years they wont make the same as today and they will slowly make less money every year. somewhere in the single digits, like 5% each year or so. Ofcourse, this is where it starts to get interesting for the investor who wants to beat the market. They can also be companies with terrible return on capital (like 3% or so) that are not expanding. +Return on capital explained: +http://beginnersinvest.about.com/od/investstrategiesstyles/a/aa101805_2.htm +But if any of the above company's I described trade at these levels, you might want to take a look. + +> **anything below 6x earnings:** + +This is where it gets really interesting. These are the companies that the market thinks are in very serious trouble. If it is trading at like 3x earnings, the market thinks they wont be around for sure 5 years from now. As in, out of business, or bleeding money. Ofcourse if you can find a half decent company that deserves a 10x multiple for only 4x earnings, you are set on beating the market. Doesnt matter that its a mediocre business. And nothing magical needs to happen either. + +The problem is, these will show up on Price earnings screeners, so they are easy to find (not just by you). So unless your in a financial crisis, they are hard to find (because they will be found by other investors before they go this low, or they will exist only v briefly). So what you want to do, is find those when the screener says they trade at a much higher multiple of say 20 times earnings. Or it says they are losing money on paper, but it is really non cash charges. This means that they generate much more cash then their price earnings multiple would tell. + +Id suggest finding those by screening either for low revenue/price multiples. if they have 30 billion$ in revenue, and the market value is 4 billion, then if they increase their margin by a small amount, not much has to go right (but be carefull with that if they are negative ebitda). or if ebitda multiples are much lower then comparable companies in that industry. +Ebitda explained: +http://www.investopedia.com/terms/e/ebitda.asp + +Another way to find them is look for beaten down industries by the news. Try reading wall street journal or the economist. You can read WSJ for free if you search the titles of the articles in google. + + +* **FREE CASH FLOW, THATS WHAT MATTERS!** + +More experienced investors would have read the above thing and grunched, because its a bit too simplified, and earnings dont exactly tell the whole story. They might be overstated or understated. + +Because of this, just looking at earnings is way too limiting. I usually like to look at a companies free cash flow. Everything that is left over after free cash flow can go to investors, paying off debt, or maybe buying a new business. If the market thinks they are worth 1 billion$, but they pay out a 200 million$ dividend each year, you will generate 20% of income on that stock. Or maybe double your money because other people want some of that as well. I will use Best Buy as an example, because that was a very interesting opportunity early this year, when they were trading at 12-14$ (currently at 40$ tho). + +Best buys cash flow statement the last 3 years (ignore second to left row, its restated): +http://i.imgur.com/8dJZRoX.jpg + +I usually look here first. You take earnings at the top, add all the figures highlighted by the red thing. You can ignore receivables-other liabilities below that. They should even out in the long run anyway, and can distort short term figures. Allthough dont forget the taxes at the bottom. I usually just look at net earnings, and look for large write downs and non cash charges like depreciation and amortization, to see if anything interesting is happening. And if receivables paid, and payables received roughly add up, I just look at net cash generated from operations. + +In this case you will see that they actually had negative earnings in 2012 due to mostly goodwill impairments and other non cash charges. But they did actually generate 1.5 billion $ in cash. Once you looked at this, you want to look at capital expenditures first. And you compare this to depreciation. In some cases this can be much higher or much lower. Allthough you have to look at it over the longer term. In best buys case, this is generally between 100-200 million$ lower then the actual paper depreciation charge. This is because they are a retailer that is very slowly in decline, so they focus on cash generation, and not expanding. If they would be expanding, capital expenditures would be higher then the depreciation charge. But in the long run this should roughly even out, if they reached max market share. + + +Another thing to look for is if they are selling anything, or if there are other consistent charges in the investing section that eat up cash. Also look for changes in restricted cash. If a bussines is focussing on downsizing and cash generation, this can free up cash, which can go to share holders. + +If you want to look at how much cash was generated that could go to shareholders or paying off debt (after total investing activities, all the way at the bottom), you will see that in the last 3 years, Best buy generated 6 billion$. And about 1.8 billion$ went to maintaining the bussiness (the investing activities). So about 4.2 billion$ was avaibable for debt payments or shareholders. If we compare this to net earnings, that number would imply only about 900 million$ over the last 3 years. So quite a difference. + +Other examples where earnings can be distorted are with cable companies. They spend loads of money on expanding their network, and when every home is reached, massive amounts of cash can flow to share holders and debt payments. But because of the large depreciation charge they wont show any earnings anytime soon. But their maintenance costs are much lower then their massive expansion costs. You can have a bussiness only earning 10 million$, while they generate maybe 100 million$ in free cash flow this way. This is sometimes ignored by the market. + +Risks of focussing on this can be companies that under invest hurting themselves in the long run ofcourse. So you always have to ask what those numbers mean. And if you want to look for fraud, you can usually also detect it here. + +* **STICKING MULTIPLES ON LAST YEARS NUMBERS** + +This is where it gets hard. Because how do you know they will keep doing this 4 years from now? Or even 10 years from now. Just look at how the world changed in the last 10-20 years. But in this case its not too hard. Because in the last 3 years, Best buy generated roughly enough cash to justify the entire market cap of Best Buy a year ago. Usually companies trading at 3-4x multiples are businesses in serious trouble or heavy decline. If we keep using Best buy as an example, the market consensus late 2012 was that Amazon would kill their business. According to the market, they essentially were trading at garbage levels of 2-4 times what they were earning inc ash each year. The worst case scenario was almost completly priced in here. So now you want to look how much these cash flows are in danger in the next 5 years. + +Since this is a retailer you want to look at several specific things under the hood (some of those things count for every industry you look at): + +* **competition:** + +Walmart and Amazon mainly. But both have been around for the past 4-5 years and longer. And revenues have barely declined over those years, and even went up a little in some cases. Market share remains steady, and doesnt seem to be in double digit declines (like the market multiple implies). +If we look at revenue, they have been pretty steady in the last 5 years: +http://i.imgur.com/MwMDBlu.jpg +Note that 2012 is lower, but is also only 11 months instead of 12. So it didnt actually go down 10%. + + +* **is there any downside in the assets?** + +Net tangible assets sits at 3 billion$ on the balance sheet. So there is probably some protection here as the real estate might be worth more now. But that is not the interesting part here. + +* **where does the profit come from?** + +Electronics. But mostly from the assesoires they will sell with those electronics. + +* **how much they make per square foot?** + +Take total amount of square footage, divide by revenue. They have the second highest compared to the competition, with only costco scoring higher. 850$ per square foot. But if you take operating income – special charges , then they are scoring the highest of comparable retailers. So plenty of safety here. They are also adjusting by opening smaller stores: +http://i.imgur.com/MwMDBlu.jpg If you look at the bottom. So even if sales are declining, income isnt in danger of turning negative soon. Management is acting accordingly already. + +* **if they have any hidden liabilities, in this case long term leases (what killed circuit city) or pension benefits** + +Yearly leases are 1.2 billion$. Total commitments is 8x rental expense. SO if they were liquidated tommorow, I guess stockholders wont get anything. But they can slowly close down their largest stores (which they are doing) in exchange for smaller stores. + +* **what is inventory turnover (how fast do they sell their shit , before they have to buy new shit)** + +They turned over inventory 7 times on average in 2012, vs amazon at 10 times I think. But amazon's inventory turnover is in decline, while best buy's is steady. +http://www.investopedia.com/terms/i/inventoryturnover.asp + +* **why exactly doesnt the market like this, and are they right?** + +Market thinks they will be murdered by Amazon. But judging by the numbers so far, this doesnt really seem to be the case so far. + +* **how much do insiders own? (this one is last, but is really one of the most important)** + +The founder and chairman owns 18% of the stock. A quick way to look at this is to look at the Def 14 A statements: + +http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000764478&type=DEF+14A&dateb=&owner=exclude&count=40 + +Took me a while to figure this one out (that this is actually mentioned in Def 14 a statements lol). This is very important. Especially in a declining business. This means that he probably will cut costs fast (like implied by opening smaller stores at the first sign of trouble 2 years ago). He is clearly on your side as shareholder because he owns a stake that is pretty large compared to his salary. If they only pull salaries, then they wont be nearly as motivated to make their shareholders the most money. Almost go as far to say that you should not invest if insiders down own at least a significant stake compared to their salary. + +* **and im sure im forgetting something** + +So in conclusion, best buy generates over a billion$ a year in cash. Competition clearly isnt killing their business like the market thinks it does, so the market was wrong! You would have seen that starting to happen 5 years ago, but it clearly didnt. And they are best positioned to be the sole surviving electronics retailer (next to walmart). +**The only thing that has changed with this company is the perception of the market, and not reality itself** <-- that is what you look for in investments, the wrong market perception. + +They should have fallen into the 7-9x earnings category, and not in the below 6x earnings category. This would imply that if you bought some stock there was an immidiate and conservative upside of over a 100% if nothing changed. And they didnt even need to do anything! All they had to do , was just keep their revenue steady at last 4-5 years levels. Maybe cut some costs, and that is it. No spectacular growth, just survive. And that did happen, most of the non cash charges disapeared of their earnings statement, and the market realized it was wrong, and the stock shot up well over 200% this year. And you could argue that it is too expensive now. Mr market really does have his moodswings. + +* **THE SAME EXERCISE WITH JCPENNEY** + +If we do the same thing with JCP, we first look at the current market value. Which is 2.8 billion$: +https://www.google.com/finance?q=NYSE%3AJCP&ei=bPXCUtDTE7OBwAPBRg + +First thing to look for is cashflow: +http://i.imgur.com/VqM91QB.jpg + +So we see they actually lost several 100 million$ the last 3 years. So no money for shareholders or debt repayments. Ofcourse you need to be carefull with this. **If they generate lots of cash from operations, but more cash flows out in investing activities because they are growing, then you need to evaluate wether that will pay off in the future.** But they are not a growth story, they are just a large retailer trying to surive. So that doesnt apply here. + + And then look at revenue, they seem to be in serious decline, and seem to go from bad to worse: + +http://i.imgur.com/209RWvF.jpg + +And before non cash charges, they already bleed away 500 million$ last year! Even if they stop the bleeding, they would need to make a gross profit far exceeding 500 million$ to justify the current market valuation. If they dont go broke first ofcourse. They would have to increase gross profit by a billion$. Or they would have to cut some serious costs (more then a billion$ to just break even), but I doubt they can cut costs for a billion$. That would mean firing a fourth of their personel. You think that wont hurt sales? + +Now maybe there is some hope in their assets? Maybe they can sell that for more then 2.8 billion$ to see where the upside here is. + +Im not even gonna link to it, but net assets are 3 billion$. Not counting in further cash burn or dilution. Or operating lease obligations or pension liabilities. So clearly there is even in the best case, very little upside here. + +So for this investment to work, you would need miracles. They would need to radically cut costs without hurting the business. It would need to stop the declining sales, which is not happening, because it went down even further this year. So increasing sales would require alot of hope, and hope stinks. Hope will lose you lots of money. Buying Best buy early this year only required a status quo, and not much hope at all. Buying JCP now would require enourmous amount of hope and imagination. They would need to basicly need to cut costs well over a billion$, and stop the decline to justify the current market value. So even if that happens, there is no upside really. + +You can also apply this for non retail stocks obviously. But always try to understand how they make money. And see if management is incentivized by owning enough stock. Once you use these criteria, you will see that finding those bargains is actually the hard part right now :( . Hope this helped. + +ANything not clear enough, please tell, and i will edit it in. +This is a throw away account. I'm 29, I don't have a job, I'm on food stamps, I have an associated degree in science, but my body is weak from a birth condition. I've had to rely on her my entire life, some days it's impossible for me to even wake up because of my hypoglycemia. I don't know how I'm suppose to live a functional life with all this going on with my body. + +She has been trying to fix the home air conditioning for a year now, during a heat wave in Texas. She would go downstairs every day and work in the garage then come inside, about to pass out. I fought with her about it, saying that she can't do this to herself and she's going to get hurt. She never listened because she thought she could power through. When I found her, she was bent over a support beam with her face sucking on an air duct. I thought she was stuck until I tried to pull her out and she didn't sit up. I called 911 and they took her away. When I got into the ICU, she still wasn't responsive, no matter how much they cooled her down. She was like a fish out of water, gasping for air with no response from anything I said or did. She didn't move her eyes, blink, she couldn't even grab my hand. There was nothing there. I spoke to her and her heart monitor changed but I don't know if that was just her body trying to survive. + +So far, my uncle has wired me some money to help get air conditioning in the house but I don't know what I need to do with the money. I can't afford her mortgage payments, I can't even afford to have someone mow the lawn. I've never experienced a family members death before, especially the single mom who raised me. I don't know where to start with this, I don't trust myself with anything I do at this point. + + +The ICU got my consent an hour ago to put a main line into her, I'm assuming they're trying to keep her alive until I either run out of money or we go bankrupt keeping her alive. The nurses told me to leave the hospital, I'm sitting at home doing nothing when I should be prepping. Do I cancel her subscription services? Insurance? What about her disability money, she wanted to try to get me cleared as disabled because of how much my condition has affected my childhood. Is that even a reality? I don't want to leech off the government but I don't know where to turn to. I won't be able to afford bills at the end of this month, I don't think I can even access her bank account. Please help me, I'm not ready for this. + +edit: it's 10:28 pm right now, I'm going to go lay down for a bit. + +edit: 1:18 am I couldn't sleep, I can't handle the amount of support ya'll are offering, I can't stop crying. I called the ICU and they said there's no change. I'm afraid they aren't going to give her enough attention and she's going to stay in whatever state she's in. All of this is breaking me. We had a woman living here with us a few months ago but she kept leaving the house to hang out with her boyfriend. She had helped me watch over my mom since high school but in the last few years she started to do less and less. I had to take over my moms medication because her friend couldn't wake up or my mom would work her to death trying to finish different projects to maintain parts of the house. She ended up leaving when I asked her to take the coronavirus stuff more seriously as I was worried about my family's health. I feel like a failure letting this happen just four months after she left. + +My biggest concern above all else is getting the air conditioner back. I have two dogs, one who is 16, who can't take the heat and I myself have Angina. Even reading this makes my heart physically hurt from stress. + +My mom's goal was to rebuild the duct work for the unit without having to pay someone because they keep cutting corners or not finishing the work. The unit itself runs, but we were in the process of rebuilding the part that holds the tubes to each room. We also had to hang the unit before attaching that duct board. I tried and tried and tried every day to get her to not go downstairs during the afternoon and every time she came in dizzy and delirious. I don't know what else I could have done other than stay up another 4 hrs so she could have someone managing her heat. I don't know why she couldn't wait until it cooled off. I never thought she'd like something like this happen to herself. + +What should I do for cool air now? I have a small room unit she found on the side of the road but when it gets over 90, the unit struggles to put out cold air. My mom has 31k in her bank account and this is all the money we had left. She was a master at managing her money and I feel like I'm going to burn a hole in my pocket just trying to get the house back in a livable condition. + +Also, thank you to everyone who's offering to bring me food and mow my yard. I want to take you up on that but the backyard is a jungle right now, idk if I could ask someone to do that for me. I'm also afraid of taking anyone up on that offer because I've read about some terrible things happening to people over internet meetups. I'll need time to process all of this. +I have a robinhood margin account and a sizeable portfolio of equities, not on margin, all my money. If I sell cash secured puts using margin, do I accrue interest on margin while the position is open, or do I accrue interest only if I get assignment? I used to do this on tda, and was never charged interest unless I got assigned on equities on margin. Purely selling csp on margin never cost me interest. Is that the case on robinhood as well? +For the (loud) doomsayers shouting ‘17% like the 80!!!!” + +Source: https://www.afr.com/wealth/personal-finance/interest-rate-shock-just-around-the-corner-20221122-p5c0gr +There is no doubt that Caroline Ellison (ex CEO of Alamede Research, the trading firm founded by Sam Bankman-Fried) is a criminal. She helped orchestrate a fraud that led to the loss of billions of dollars of customers and investors. Given how many people Caroline Ellison hurt, I totally understand that people despise her and that many of those that lost money due to Caroline's actions even hate her. I also hope she pays and goes to jail and lost money due to her actions (indirectly). + +What I do not like, however, is that many people here are judging/insulting her based on how she looks. Some posts are attempts at humor: + +https://preview.redd.it/wt3vbd56xt7a1.png?width=871&format=png&auto=webp&s=6e51730a6591a74ce4d2d1c2b64eec3d5b443036 + +... but a lot of them are also just blatant hatred towards her looks without any other content. This has been happening for almost two months now. A few recent examples: + +https://preview.redd.it/no32metv9t7a1.png?width=869&format=png&auto=webp&s=a92fd7cf9ab0a748f058d80ca47fb026a89daf14 + +https://preview.redd.it/tqglb7aw9t7a1.png?width=869&format=png&auto=webp&s=63f0d9360ff7585d0425d7acb86e7e15f51d2dd7 + +https://preview.redd.it/53c2bx0x9t7a1.png?width=873&format=png&auto=webp&s=fd71a26cebed24b7f2b9fa299849c866c2139327 + +It makes me wonder whether she would get the same treatment if she were male, knowing that women in general are judged on their appearence more than men (yes, science confirms this). Or in other words, whether this is a case of sexism/misoginy. Sam isnt exactly the most attractive human being either and I dont see similar comments made to him. + +But I also do not really care of the gender issue in that I simply perceive everyone as the same, regardless of gender. So, much more important: I hope that we can condemn her based on her behavior and actions rather than her appearance. Sam and Caroline are despicable human beings and should pay for what they have done. + +**EDIT: I did not write this in defense of Caroline. I dont care about her one bit and want to see her get punished. Its more for the quality of this sub, for women and society in general (because this unnecessary focus on looks does a lot of damage), and because I would prefer to see a focus on her evil acts. I also know -of course- that men get ridiculed for appearance too and condemn that all the same.** +In the midst of the sea of red and the temptation to check my portfolio and/or reddit constantly, I’m signing out for 2 weeks to let the market do its thang while I do mine. Very confident in my portfolio and am a HODLER, so I’m just letting it ride. Don’t forget to live your life...if all we do is look out for is green numbers we’ll miss out on the beauty every day. +Some things I’m excited about for the next 2 weeks: 1) Just started getting back in the gym +2) I’m asking my crush out on a date this week when I see her...wish me luck! +3) Best friend’s birthday party + +In the end the only thing we can never recover is our time and the memories we create while being present. See y’all soon! + +EDIT: Signing out of r/Cryptocurrency (unsubscribed) and signed out of all of my crypto accounts and porftolios. I'm still on Reddit, can't stay away from r/Blackpeopletwitter for 2 weeks + +UPDATE: Hey what's up y'all, I'm back! Just resubscribed to r/Cryptocurrency, logged into Binance, and opened up my portfolio app after taking the 2 week hiatus (I'm an hour short of a true 14 days but whatever, I'm about to go to sleep). Here is an update on my personal life and crypto life. + +*PERSONAL - + +1) Been in the gym pretty consistently, feeling good. + +2) My “crush” and I are going on our second date this upcoming Friday! For our first date I took her to Hopdoddy Burger Bar and then we went to a roller skating rink...then at the end of the night we ended up in front of her house in my car talking for an hour (my friends have since told me this phenomenon is called a "parked car conversation"). Talked about all the things. And it was revealed that she was just as interested in me as I was in her. No FUD, all shill. + +3) My friend's party was great but the music was too loud (it was a dance party and he lives in a townhome) and his elderly neighbor came over yelling at us, so we had to turn the music down. For a while the party was a bear market and some people left but it became bullish once again...the HODLers kept the party going in the end. + +*CRYPTO - + +My portfolio is only down ~20% from the last time I checked it...I'm pleased with that! For those who were curious, my portfolio is as follows on cold storage (besides a few): ETH, XLM, IOTA, NEO, ICX, ITC, XRB, VEN, ARK, POWR, REQ, DBC, ENG, WTC, NAV, MOD, PRL, and BNTY. My largest positions are in VEN, ETH, REQ, and XRB. It's alot of coins to keep up with but I wanted to make sure I hedged some risk and volatility by diversifying, and I’m HODLing for at least a year. + + +As for updates in the crypto world, did I miss anything important, good or bad? Seems like Tether is a growing concern. Give me a TLDR on the crypto world over the last 2 weeks. Also, time for us to tackle these taxes...got my W2 last week. + + +Lastly, I might do this 2 week (maybe a month) break thing again shortly. Anyone want to do it with me and set some goals for the hiatus we take? + +Hi everyone +I’m hoping to get some advice on this situation. I will be receiving a settlement for a car accident I was in, in the realm of $1.5M. I have about $185,000 worth of debt (mortgage, car loan, a credit card). + +I can either take the payment in a lump sum, or take a structured settlement. I am hoping to make this money work for me, and support me for the next 40 years. + +What would you folks do with the money? How would you make it work for you? +I would appreciate any advice. Thanks in advance! +As someone who is almost 30 and about to reach their FIRE goal, I'm curious to hear from others who have. To be honest while I'm sure about the financial independence part I'm not 100% sure about the whole retire early portion. I'll be retiring at or above my current means which I'm happy about and I've always wanted to take a year off and travel. This will probably be the first thing I do but when I get back I'm not really sure. + +I have a number of hobbies that I mostly haven't done in years and a few that I want to pick up but I'm afraid I'm going to get bored or feel unfulfilled. Alternatively if I stay working for my current company which I don't want to leave I probably won't get the year off and won't get the freedom I want with such a demanding job. + +So for those of you who have reached it in their 30s or so, what has it been like? Do you still work even though you know you can quit? Or if you retired are you satisfied with your day to day life or do you feel at all bored or unfulfilled? Do you still do freelance work or anything? + +Thanks for any advice you can give! +I own an electric Golf, I got a loan to buy this car for £18,500 4 months ago. I've just been offered £19,950 by the dealership to buy it back off me. + +This will pay off the loan + some profit, lovely! I currently pay £385 per month at 3.2%. + +I live comfortably right now, I save £650 per month, all bills & mortgage paid etc. But with the cost of energy going up, every day shopping going up etc then maybe now would be wise to cash in? + +I have use of my fiancé's car. She cannot drive yet. We car share using her car to give her driving experience 3-4 days a week. (We pass her work on my commute so makes sense to let her drive). + +Would I be an idiot to pass up this opportunity? I love the car, I get free charging at work, but maybe it's a good chance to get rid and be sensible. + +EDIT: thanks for the responses everyone. A lot of good points for each side. Going to keep the car. If something came up where I’d need to get another car I’d likely be paying more. I like my car, I’m happy to keep it. +I just found this absolute gem a few days ago and finally got around to make a post to repay for the gems I found here. + +#TosDis - $DIS: + +###Quick Reasons/ TLDR why you should not skip this post: + + • MultiChain LaunchPad launching on ETH and BSC 5th of April + • 9m Market Cap + • Gathered quite some attention from various CT Influncers (@ToastETH, @CryptoCapo_, @DaanCrypto, @crypto_blkbeard, @edwardmorra_btc, @JumperWave,... BUT most importantly Mike Novogaz + • Team is fully doxxed looking very strong and have been working on this since the beginning of 2020 + • ETH-BSC Bridge and Pancakeswap listing on the 10th - meaning more people can buy and cheaper fees + • Will start heavily marketing around their LaunchPad launch + • Barek Sekandari Chief Gov Relations Officer @Fantom is their main advisor + • Their Staking, Token and ITO Contract are all audited by a highly reputable auditing firm (Hacken) + • Amazing deflationary tokenomics with the team only owning 10% with a two year vesting schedule, they are in this for the long run + • On most launchpads you need at least 5000$ to get A CHANCE of securing a 200$ allocation, at a current $DIS price of 180$ you will only need 1800$ but it wont stay at this price for long + • It launching on both ETH and BSC means double the potential projects + +###Deeper Dive: + +Token Allocation: + + + • DIS AUCTION (35%) 35,000 DIS + • TOSDIS FOUNDATION (10%) 10,000 DIS (locked with a vesting period of 24 months, release 25% after every six months) + • MARKETING (9%) 9,000 DIS (50% initial unlock (4500), remaining locked with a vesting period of 12 months release 8.33% after every two months) + • ADVISORS (1%) 1,000 DIS (Locked with a vesting period of 12 months, release 16.66% after every two months) + • UNISWAP LISTING AND EXCHANGE LISTING ALLOCATION (5%) 5,000 DIS + • REWARDS ALLOCATION (40%) + + +The Token Utilities and Tokenomics are amazing even without the added benefit of getting into IDOs: + + + 1. 45% or less (governance) of all Platform fees paid by listed projects is distributed to DIS Holders. + 2. Yield Farming benefits for DIS holders. + 3. Monthly Airdrops of other projects token for DIS holders. + 4. Staking rewards for DIS holders + 5. Liquidity mining for Tosdis liquidity pools and rewards paid out in Tosdis tokens. + +Highly Deflationary Tokenomics: + + + • 45% or more of All Staking fees paid by projects goes into burning DIS tokens. + • 45% or more of all fees/commission earned from liquid staking goes into burning DIS tokens. + • 25% of the total revenue earned from the Lending and borrowing fees goes into burning DIS tokens. + +LaunchPad Allocation Tiers: + + + VIP: 100 DIS Weighting 30 Guaranteed Allocation + Holders 10 DIS Weighting 50 FCFS + Public 0 DIS Weighting 20 FCFS + +Links: + +Twitter: https://twitter.com/TosdisFinance + +TG: https://t.me/Tosdis + +Website: https://www.tosdis.finance/ + +Medium: https://tosdis-fi.medium.com/ + +Coinmarketcal: https://coinmarketcal.com/en/coin/tosdis +So I've been buying shares of XUU in my TFSA in WS so no fees. If my investment is up and I've got enough money that I can then can sell and purchase additional shares ... Is that a good move? I can see the money fluctuate with the market so does it make sense to sell when up and then immediately buy more to accumulate more shares or no?? +"Now, though it has a challenger, NIO (NIO), the Chinese company that unveiled a new electric vehicle luxury sedan this very weekend that people are going gaga about. Its got tons of features, including an Nvidia (NVDA) based self-driving solution. Lots of bells and whistles that could rival Tesla in the electric vehicle market," he continued. + +https://www.thestreet.com/video/why-jim-cramer-thinks-nio-is-next-tesla +A little thought experiment that I had, so I’m trying to impress some northwestern college girl, and I have a horribly volatile portfolio, I mean insane swings, if I showed this portfolio to this college girl, would she think I am a badass risky guy who puts everything on the line? Kinda like a bad boy? Would she be more attracted to me? +Hoping someone can take the following snapshot of my situation and provide some sound next steps. Overall, I'm finally at a place where I'm making decent money and have caught up on debt. + +**Annual Income:** 103K + +**Mortgage:** 325k + +**Home value:** 545K + +(Currently I think of this as my nest egg. I live in a growing, active urban core and got lucky picking my home/lot. Did a DIY renovation and am seeing the value easily tick up.) + +&#x200B; + +**Investments:** + +I currently am **not** enrolled in my employers 401k w/ 2% match. Was using the extra cashflow to finish my home reno. Now that it's done, I'm looking at enrolling. The following are additional 401k's and pension funds I've accumulated from other jobs, in descending order of employment. I'm most curious about what to do with these. Combine them? Leave them where they are? Start a ROTH? + +TRoweP: $8431 +Only contributed a few years to this. It's currently super sluggish and returning \~3%. (The company the account was tied to doesn't exist anymore). + +TIAA: $15,300 +I've had this account for 7+ years, but was only contributing/employed for a couple. It's currently returning 13 - 18.9% YOY for the past 2 years, which seems really, really high. Is that normal? + +TRS PensionFund: $29,300 +This earns 2% as long as I don't move the money out. If I reach retirement, I can claim a lifelong benefit. Using their calculation of benefit, that currently works out to \~800 mo. Could probably hit $1K by the time I'm 65. Note, if I return to this industry I can get started contributing again where I left off, which also shoots the ROI up to 8% with the match. + +Savings Bonds: $24,100 +My dad had bonds cut from his salary in my name 20+ years ago. I'm sitting on 175 EE bonds, in mostly $50 denominations, that are about to start fully maturing. There's probably \~$8,000 more in interest waiting to collect. The last bond will fully mature in 2028. +