diff --git "a/reddit_finance_43_250k_316.txt" "b/reddit_finance_43_250k_316.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_316.txt" @@ -0,0 +1,10000 @@ + +TL;DR: Worked at a toxic workplace that didn't know how to properly treat their employees. Moved and now earning more and working less. Don't trust people at work. Have your own back. Friendly but not friends. +In recent comments and opinions from people involved with crypto and also from people not so involved in crypto about how Cryptocurrency's image will be tainted if Putin uses it in future. + +Putin will likely use Crypto to help circumvent sanctions and ensure he has other financial avenues. + +But If you hate Crypto because Putin might use it, you should also hate the internet, cars, oxygen, water & earth. + +Crypto isn’t just a safe haven asset. It’s also the perfect tool for refugees who seek to protect their wealth as they flee a war torn nation. + +Cryptocurrencies have been neutral and always will be! + +Stay safe everyone! +ORIGINAL POST HERE: http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/ + +There were a few people who had asked for an update on my original post (if anyone even remembers it by now...), apologies that it took so long. I was waiting on the update post until the situation was actually resolved, and that didn't happen until today... finally. + +**tl;dr - I got the bonus back, read on for details** + +Brief recap of my situation - gave notice on 12/29, got a 4k end of year bonus with my paycheck on 12/31. Employer took the full amount of the deposit out of my bank account, and wrote me a check for normal salary, as their way of taking back the bonus as they learned I would be leaving the company in January. + +What happened since: I did decide to follow through and work out my remaining two weeks. Some people advised me not to, but at the end of the day, I didn't regret it. When I left on the last Friday, my boss gave me props for the way I handled things and promised a glowing reference if I ever need one in the future. I figure that's probably a pretty good thing to have, as that place was my first job out of college. I'm sour at the company but glad I still have the important bridges intact with my boss/co-workers. + +A big help to me was [the excellent reply](http://www.reddit.com/r/legaladvice/comments/2qx15p/crosspost_rpersonalfinance_va_gave_my_2_weeks/cnaokhx?context=3) I got from /u/proselitigator on /r/legaladvice, which talked about the rules for Direct Deposit transfers and in what cases they are reversible. The company had reversed the transaction as if it was an error, but the original deposit was clearly not an error based on everything they had told me. + +So I called around a bit, and as it turns out, one of my family members knows someone that happens to be an attorney in VA. This generous fellow offered to write a letter on my behalf to the company, protesting the removal of money from my account. That was delivered on the morning of my last day at work. So that afternoon I had a nice sitdown with my boss and the CEO, and we all discussed our feelings. I expressed my disappointment with the company's actions (shoutout to /u/carsgobeepbeep for [this excellent summary](http://www.reddit.com/r/personalfinance/comments/2qu6tv/gave_my_2_weeks_notice_yesterday_employer_is/cn9pc9i) on the OP - I used these points almost verbatim). The CEO said a lot of things about how they viewed a bonus as half-reward, half-incentive, and therefore they were willing to offer me half. I expressed that I didn't feel that them changing their minds gave them the right to take the money out of my account, but they stood pretty firm on half and said to call them when I made up my mind. + +For a myriad of reasons, I wasn't really inclined to take the offer of half. Mostly because the company kept dodging the matter of how and why they removed money directly from my bank account. So the past month has been a on-going exchange of emails between my lawyer and the company's on-staff counsel trying to get them to answer on that subject. Finally, they caved and sent a check for the full amount (sans taxes, etc) to my lawyer's office. I'll be picking it up tomorrow. + +If anyone is curious as to what we would have done if they hadn't agreed to return the full amount: Small claims court would have been the way to go, according to the lawyer. Don't know what the chances of success would have been, glad I don't have to find out. + +Huge thanks to everyone that commented on the OP. A lot of people keyed into the fact that I'm young and new in the workforce, and I really appreciated people taking the time to help a newbie out. I've definitely made some naive moves so far in my career - giving notice right before the end of the year, thinking that a company cares about me, etc., but live and learn I guess. + +Now I guess I'd better be off to the wiki for a little dose of "I have $X, what should I do with it?" +Here’s the ironic thing- most my career I’ve worked in Sr roles in Corp finance. + +Since my wife and I got married in 2016, when we’ve filed in taxes it’s resulted in our owing between 4-6k every.single.year. ... including the 2020 results that I just updated. + +We both claim Married 0-fed and 0-state (Wisconsin). I don’t know a single person who has additional money or quarterly payments made as working individuals. Our total household income is only around $150k and we pay around $9k in mortgage interest and $2.5k in student loan interest each year. + +I use TurboTax to file it always starts the same way- whichever W2 I start with it always shows a progress of around a $1,000 return in both state and federal. then when I add the second W2 for us it skyrockets in taxes and shows we owe thousands. + +Does anyone have any feedback on how to avoid this going forward?! Or better yet... why this is happening?! + +****** UPDATE ****** + +Well... oddly I did not realize filing jointly meant one income. He and I had thought that married filing separately was more of an odd case. For example the first year we were married we were not married the entire year so I thought that’s why we filed married filing separately. + +YES I’m aware now that I’m a moron. + +Links to all of your help I’ve gone through and completed the withholdings Estimator and sure enough I was already on track to owe another $6000 at the end of the year. I have formally updated both mine and my wife’s W-4’s for 2021. + +Thanks kind strangers for helping me understand and get this fixed today. +Edit: Thank you everyone, took awhile to pour over these responses. Pay that shit off, HODL and take a loan out on the btc were the main routes to take in that order. Based on my private financial shit, I’m taking out enough BTC to make the 15k dept not so scary and have a 6 month plan for the rest. I really appreciate everyone’s input. +&#x200B; + +https://preview.redd.it/7jahgbbt7k991.png?width=1160&format=png&auto=webp&s=559a832e22a9c64071694eddaea3fc5c26f5a5e4 + +After the median home price has risen at the fastest pace ever for the last two years, there is no surprise a bubble exists. + +https://preview.redd.it/06uhvi279k991.png?width=1442&format=png&auto=webp&s=46da0464ab4396d4acbb008d5977d7f44df08e28 + +With the 30 Year Mortgage rates being below 3% for well over a year literally everyone was buying up on the real estate hype. + +&#x200B; + +https://preview.redd.it/ied21ooq9k991.png?width=1022&format=png&auto=webp&s=4865d896e2f3e310719d6b0ee4a7d586aaaf46ba + +Homes could not be built fast enough and demand was rapidly outpacing supply, this led to the lowest supply of new houses ever. + +Realtor.com has some great data anyone can download + +&#x200B; + +https://preview.redd.it/w51wjklkfm991.png?width=1768&format=png&auto=webp&s=3ecc60976b0231b7386b91f891e5e10bd2db04cd + +This is the housing listings YoY change compared to the Median Home Price YoY change. There was almost a 60% decrease in listed homes from the year before during March of 2021. Now there is a 25% increase in listed homes from the year before... Wow + +The three most common building materials for homes are + +\-Steel + +\-Concrete + +\-Lumber + +When the prices of these commodities increase the cost of new homes increases as well which inflates the market. + +[Lumber Futures](https://preview.redd.it/800wmx6hrk991.png?width=1454&format=png&auto=webp&s=ac6d7dfcd7be1d49f8180ceeb3e3eb970df13896) + +[Steel Futures](https://preview.redd.it/98tp6atnrk991.png?width=1453&format=png&auto=webp&s=2a364a527486357bcb6b64f13362f6632ead2076) + +[Cement Futures](https://preview.redd.it/l1r29kmqrk991.png?width=1450&format=png&auto=webp&s=d5ac01a9872f19250115b753472bc1baa0b6705a) + +So we had a lack of supply, exploding demand for houses with low-interest rates, and the building materials skyrocketing from inflation. This has caused one of the biggest housing bubbles in history. + +&#x200B; + +&#x200B; + +https://preview.redd.it/q1loud750l991.png?width=792&format=png&auto=webp&s=8bfd2817b8964f3bc6781198f3a8d345ac457e22 + +I love how this sub is not denying that there will be a crash like everyone else. The data I used from realtor.com showed that there will be a crash in prices. However, their own housing forecast for this year shows prices increasing while sales decrease and inventory increases... this makes no sense even WSB understands that when supply increases and demand falls the price will collapse. +I have a strategy based on earnings data where I have created an indicator to go long or short and I want to be able to calculate the portfolio return as if each security was held for X days after the earnings date where the indicator is calculated. (So my data set is essentially: Ticker, calculated custom indicator, and earnings date; I also have daily pricing data in SQL in case I can’t use an API). I am having trouble backtesting as most packages I have found are based on Technical analysis indicators. The other main challenge is that since companies report on different days my portfolio can change daily, and the period held (earnings date + n days) will be different for every stock but I need to track the performance of the portfolio at least at the monthly level. Most of my experience is in R and Python ( but I’m open to other solutions) but I am by no means an expert in either. Thank you in advance for your time and help! +Looking to obtain historical options data for backtesting/algo trade development. I seem to constantly hit roadblocks in terms of obtaining historical options data (preferably with metrics such as IV, greeks, bid/ask, etc). Seems strange to me that we have thousands of pirated copies of films/video games/music but no complete options data (which is public)? Surely this must exist somewhere out there? I'm willing to pay as well, but it has to be reasonable (not $5k for 3 months data as I was just previously quoted). Any leads on anything like this? It seems this pretty ubiquitously available and sought after data should have no legal restrictions for sharing and yet it seems like the only way to access decent data is by paying $100k for a Bloomberg terminal? Like wtf? Surely this must have been shared at some point in time? Don't feel we should have to go to the ends of the Earth to find this. +I have a dataset which includes equities pricing + other kinds of data that take up about 3TB sitting in a WD 5TB external HD. My main workhorse is just my macbook pro right now. + +I'm looking to run a bunch of backtests where the computation would be performed on (presumably) my laptop but the data would be sitting outside of it because of space limitations. What would be a recommended setup, if I want decent speed and redundancy - e.g. putting the data in a NAS drive perhaps? +Looking to obtain historical options data for backtesting/algo trade development. I seem to constantly hit roadblocks in terms of obtaining historical options data (preferably with metrics such as IV, greeks, bid/ask, etc). Seems strange to me that we have thousands of pirated copies of films/video games/music but no complete options data (which is public)? Surely this must exist somewhere out there? I'm willing to pay as well, but it has to be reasonable (not $5k for 3 months data as I was just previously quoted). Any leads on anything like this? It seems this pretty ubiquitously available and sought after data should have no legal restrictions for sharing and yet it seems like the only way to access decent data is by paying $100k for a Bloomberg terminal? Like wtf? Surely this must have been shared at some point in time? Don't feel we should have to go to the ends of the Earth to find this. +I have been using Ameritrad's paper trading platform with some sort of Frankenstein-ish bot to test a momentum-scalping-based strategy, I tried backtesting it works as expected (a high speed automated way to keep me humble/broke) and I want to test it in the paper market before I start losing any 'real' money... + +Is there a better free live paper trading service that has APIs ??? + +EDIT: I am looking for futures (paper) trading API, alpaca doesnt do that. +Thanks for suggesting alpaca though I will use it for other projects. +Hi All, + +I have an emergency fund that covers 9 months of expenses. It's quite some money and it seems like a waste to be sitting on a savings account. I'm obviously losing purchasing power... + +Any suggestions on where to keep this money? Something low risk and where it would be easy to withdrawal the money in case I need it. + +For reference, I'm living in the Netherlands and I have a stable job. + +Thanks. +Do we have to be worried about a (possible) incoming recession? The loans right now are pretty cheap, 1.85% nominal. But what about if the recession hits hard? Are we better to wait for a year? Thanks for your advice! + +EDIT: interest rate, possibility. +Dear All, +What do you do, or know others do, to have passive income, other than compounding? +I recently saw a video with some ideas: write a book, have a youtube channel, rent something (house, car, other things). +Do you do something? Do you have other ideas? +Thank you in advance for yor sharings. +Hi, I'm interested what would happen to my ETF's if Trading 212 went bankrupt? Technically I own these ETF's right? Are there any examples of brokers going bankrupt? +Hi - I'm looking for some advice regarding what I should do financially regarding moving out. + +I'm 25, living in Dublin Ireland and I'm working as a software engineer. I recently started a new job which pays 50K a year. I live with my parents and I'm looking to move out. + +Money wise I have 35K saved, 5K in investment accounts and I can save 2K a month. I net around €3100 a month. + +I have two options when it comes to moving out. I can eitheir rent now, or buy in Q1 2022. + +1) I will be able to buy a 2 bed apartment for around 285K (assuming I get mortgage exceptions) in Q1 of next year. Which will require around 50-60K of a deposit which will leave me with no capital. + +I've never lived in a apartment and I'll probably be stuck here for a few years of I don't like it. + +The big pro here is security, I'll own my own place. The mortgage repayments will be alot cheaper than rent around 1K a month. + +2) I can rent. There's a build to rent scheme near me that has 1 beds avaliable for rent. These are very high spec and The cost is €1500 p/m which includes all bills except for electric. It even includes Wi-Fi and Sports channels. + +Obviously this costs more, but it will leave me with my deposit which I can invest (and keep 10K as an emergency fund). I can also get this next month instead of 9 months. + +I love my family, but it's getting hard to live with them. The bathroom situation is also bad, no one is cleaning up after they use it. + +I don't want to move out and share, I need my own space. + +Any advice on what to do? +Hi! I was thinking about a strategy but I'd love to hear how y'all think about it. Please be kind, as I am a total noob here. + +So I am based in EU but I am originally from Asia. I earn in EUR and have invested a bit here (mainly ETF tho), and I intend to go long. However, I keep some cash liquid in case of emergency. I have 2 accounts for this purpose: 1 in EUR and 1 in my home currency. In EUR naturally there's no interest rate. Hell, it's already good enough if the bank don't charge me like 50 EUR yearly just to keep my account open. However, I am well aware that inflation still exist in EU (almost 2% pa as far as I understand?) so my money is losing its value. Meanwhile back home I can easily get 4.5% pa on the typical saving account and 5.5% pa for some time deposit, with around 3% pa inflation these days. Ofc there is another risk of currency devaluation, but since I have no hurry in exchanging it back (and tbh might as well just leave it there and use it whenever I am home) I don't see this as a problem. I usually send money back home when the rate is favourable anyway. + +Do you think this sort of strategy would at least somehow hedge the value of my money, or is there anything I am missing out? +Hi, I am currently invested only in IWDA - MSCI World ETF. However I was thinking about adding either emergency markets EMIM or Nasdaq 100 or just S&P 500 so I can get different exposures. + +Am I doing it too complicated and should just stick with one broadly diversified ETF? +I've started investing about 1000 euro to ETF every month. Let's say that somewhere in the horizont of 3-7 years, I'd like to buy/build a house for a 180k. I'll need a 20% downpayment for the mortgage, which is 36k. How do I save for the downpayment? Should I just continue with buying ETF and then withdraw needed sum? In my country(Czechia) if I sell stock/ETF after 3 years since I bought it, I pay no tax. + + +[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!* +Found a good piece on SA. + +*GAAP accounting can sometimes wrongly favor acquisitions over internal development. Comparing Amazon to Facebook provides a compelling demonstration. + +*Despite its recent GAAP losses, Amazon has seen quite strong owner earnings over the last few years. + +*Conversely, Facebook's high expenses for defensive acquisitions have not shown up in GAAP losses, though actual owner earnings are strongly negative. + +Quite interesting insight, you're welcome to share your opinion. + +**Link**: http://seekingalpha.com/article/3511536-amazon-is-profitable-facebook-is-not +My dear crypto friends, pay attention (expecially for New user). If you have Heard of pancakeswap service, be aware that it does exist in web version only. NO APP VERSION. Today i opened Google play store to check some updates, instead i encountered a pancakeswap app. HOLY F*CK i said, how was It possible that i missed a official app release? I had not. Like Always, scammers. They created THREE fake pancakeswap app in order to steal your private key. Thousands of download. +Now stop reading this post and go report those scammers, maybe leave a bad review if u can so that people be aware + +Edit: link of the three fake apps +https://play.google.com/store/apps/details?id=com.pancake.newmobile.wallets + +https://play.google.com/store/apps/details?id=pancakeswap.development.team + +https://play.google.com/store/apps/details?id=com.devhub.trustwallet_app + +Update: One of the three apps (second link) Is down, well done reddit. +Hey everyone, long-time somewhat lurker, first time detailed post. + +My wife and I are somewhat pursuing FIRE. 31M, $100K income, $250K NW, 1 rental. Currently just maxing out IRAs and Simple IRA, so not quite as aggressive as a lot of you but still in the same general mindset. + +My four-year-old daughter was just diagnosed with Autism. Apparently the treatments with the best results require intensive therapy (30-40 hrs/week). Our current insurance plan doesn't cover any treatments, and would be ~$67,500 out of pocket each year. Even if we could get my employer to cover it, our state (Utah) only requires coverage of 600 hours of treatment per year, which would take the out of pocket cost, which would still be about $47,000/year if we wanted to be in the 30-40 hour per week range we are looking at. Obviously neither option is conducive to FIRE. + +Our other option is to move in with my in-laws in Southern California and put my daughter on her own Obamacare plan which would put the out of pocket (premiums plus treatment cost) at around $6,000 per year. The big difference in cost is that California doesn't cap the number of autism treatment hours, so the entire treatment would (hopefully) be covered by insurance. + +I have a professional degree but no contacts in CA besides my in-laws so I would basically be starting over in my field. Obviously, I would not like to be moving in with my in-laws at this point in my life but I'm not seeing any better options. + +Anyone out there in our community dealt with something similar? Anyone see a better way to deal with this other than moving to CA? Am I crazy for picking up our entire life betting this will all work out as I expect? +Go to coinbase support page and ask them about getting segwit implemented. + +* Navigate to https://support.coinbase.com/customer/portal/emails/new + +* Click on "Contact our team" near the bottom of the page + +* Enter your email + +* Select "fees" in the category + +* Select "I have a question about digital currency network/miner fees" in the sub category + +* Write something like "segwit address support" in the Subject + +* In the message, first acknowledge that segwit lowers fees, and ask for the implementation date of segwit +Seriously dudes/dudettes. If you are running the algos, databases and server farms, you need to protect yourself. You need to contact the SEC and get whistle blower status. + +https://www.sec.gov/whistleblower + +You can get wealthy and get immunity from the illegal crap you have been doing. Otherwise, I feel sorry for you, but I don't want you shown any mercy. I once worked for 5 years in financial IT as a developer. I didn't do anything shady like some of you are involved in, but I did see technically how you can do what you do. Especially when directed to do so. + +You need to whistle blow and hope you can get protection from what is coming. + +* don't really see a flair for this, so I will add "What do you all think?" so I can flair it with "Discussion / Question" +Hi all, + +I wasn’t sure if this is the right place to post this but if anyone has any advise on this that would be great. + +Me and my sister are first time buyer and we’ve just made an offer on a property today on the outskirts of London. However, the estate agent is now saying that the offer won’t be taken up unless we use their mortgage advisor and solicitor. Alternatively, they’d only consider the offer if we raise the offer price considerably. I already have a mortgage advisor who is very responsive, have great reviews and have managed to find us a good deal. We also have solicitor and principal in agreement in place so there’s no reason why we would need to use their serves. We have all the proof that we’re in a great position to buy. + +I’m extremely surprised that this type of tactic is used. Is this even legal? Are there any regulating bodies that we can flag this and make complains? We absolutely love the house and it would be a shame to have to let this one go. We’ve been looking for over a year now and haven’t been able to secure anything as the property market is crazy!! However, I don’t want to be bullied into using their services. + +Any advise on how we can work our way around this? + +Thanks +Our country's currency has lost 200 percent of its value against the dollar in the last 5 years. If I had bought bitcoin , my money would have gained 600x value right now. I have been working since then until today and all I 've got is a big nothing but only depression and a lost soul. But I'm not going to give up. Now i buy bitcoins as much as possible because i don't want to spend another 5 years of my life working for nothing. +Sick of shitty BSC coins claiming to be the next MOONSAFESHIBELON and then rugging on you? Or claiming to be a "utility" or "charity" coin and then slowly disappearing without every producing results? Yeah me too. + +I was introduced to this coin by some other community makers while working on some other projects, and from what I've seen it's been the most upfront and honestly transparent project that I've ever come across. + +The Teacher Token (formerly The Dutch Teacher Token) was set up by a real Dutch teacher with an interest in crypto as a hobby that wanted to put some of the funds from his project to a good cause - helping the world become a better place through education. Being a teacher, the "dev" fully understands that he isn't a "dev" in the traditional sense, as he works a genuine 40 hour week teaching kids. What the project does however have, which has grown within just a few days, is a very tight knit community that's come together genuinely through the belief they have in the project. + +Here's a little statement from the creator himself: + +"I have to confess one thing…. I'm not a real DEV like other projects may have. + +I am a teacher, who works 40 hours a week, has crypto as a hobby and wants to do something good for education around the world. The world of crypto can very well contribute to this! + + I started this project on my own intending to create a token that can mean something for all people, very idealistic and perhaps naive. + + The next most important step is to set up a solid team with knowledge of the facts, we will look at what role I will have in that. For now, thank you very much! And keep supporting this great project! + + I could never achieve this on my own!! + +"Wait, he's not even a dev?" I hear you say. Yeah. You don't need to be a dev to create a BSC coin. You don't even need a dev to run a successful project. It all depends on what that project is trying to accomplish. This coin is only a few days old, so that's still being shaped at the moment with complete community involvement (just over 200 at time of writing). What you actually need is someone that is upfront and honest and knows what help they need. + +If you do plan to invest in this project, please be responsible - this is a low market cap coin for a good cause 🙂 + +&#x200B; + +“Do the best you can until you know better. Then + +when you know better, do better.” + +Quote by Maya Angelou + +&#x200B; + +💎 TOKENOMICS 💎 + +3% THAT WILL BE SENT TO THE EDUCATION WALLET 🚀 + +3% THAT WILL BE REDISTRIBUTED AMONGST ALL $TTT HOLDERS 🚀 + +4% THAT WILL BE BURNED TO PROVIDE LIQUIDITY 🚀 + +&#x200B; + +[https://theteachertoken.com](https://theteachertoken.com) ([https://theteachertoken.com/](https://theteachertoken.com/)) + +[https://t.me/TheTeacherToken](https://t.me/TheTeacherToken) +Sick of shitty BSC coins claiming to be the next MOONSAFESHIBELON and then rugging on you? Or claiming to be a "utility" or "charity" coin and then slowly disappearing without every producing results? Yeah me too. + +I was introduced to this coin by some other community makers while working on some other projects, and from what I've seen it's been the most upfront and honestly transparent project that I've ever come across. + +The Teacher Token (formerly The Dutch Teacher Token) was set up by a real Dutch teacher with an interest in crypto as a hobby that wanted to put some of the funds from his project to a good cause - helping the world become a better place through education. Being a teacher, the "dev" fully understands that he isn't a "dev" in the traditional sense, as he works a genuine 40 hour week teaching kids. What the project does however have, which has grown within just a few days, is a very tight knit community that's come together genuinely through the belief they have in the project. + +Here's a little statement from the creator himself: + +"I have to confess one thing…. I'm not a real DEV like other projects may have. + +I am a teacher, who works 40 hours a week, has crypto as a hobby and wants to do something good for education around the world. The world of crypto can very well contribute to this! + + I started this project on my own intending to create a token that can mean something for all people, very idealistic and perhaps naive. + + The next most important step is to set up a solid team with knowledge of the facts, we will look at what role I will have in that. For now, thank you very much! And keep supporting this great project! + + I could never achieve this on my own!! + +"Wait, he's not even a dev?" I hear you say. Yeah. You don't need to be a dev to create a BSC coin. You don't even need a dev to run a successful project. It all depends on what that project is trying to accomplish. This coin is only a few days old, so that's still being shaped at the moment with complete community involvement (just over 200 at time of writing). What you actually need is someone that is upfront and honest and knows what help they need. + +If you do plan to invest in this project, please be responsible - this is a low market cap coin for a good cause 🙂 + +&#x200B; + +“Do the best you can until you know better. Then + +when you know better, do better.” + +Quote by Maya Angelou + +&#x200B; + +💎 TOKENOMICS 💎 + +3% THAT WILL BE SENT TO THE EDUCATION WALLET 🚀 + +3% THAT WILL BE REDISTRIBUTED AMONGST ALL $TTT HOLDERS 🚀 + +4% THAT WILL BE BURNED TO PROVIDE LIQUIDITY 🚀 + +&#x200B; + +[https://theteachertoken.com](https://theteachertoken.com) ([https://theteachertoken.com/](https://theteachertoken.com/)) + +[https://t.me/TheTeacherToken](https://t.me/TheTeacherToken) +Hey, + +I started investing my savings around July. Because of the Bullmarket at the moment in the US, I've made £200 since, from investing in the S&P 500 and Nasdeq; and I've got AMD and Disney stock right now, that I've bought recently. + +In total I have over £5000 invested, money that I've saved up from my minimum wage income. Since August I've been adding £385 to my investing account monthly. + +At the rate I'm going (I'm almost 20), if I keep my yearly investment total aligned with the increase of inflation, I'll be on my way to retire as early as my mid-forties, so long as the US economy doesn't collapse to the point of no return. + +However, £385 is over a third of my current income. This aslong with saving for car insurance, petrol, and cheap rent, I'm getting stressed out. I have hobbies I want to indulge in, I want to go places when I want to, and to be able to afford nice food with friends. + +This past month I've spent more money than I'm comfortable with, and it could become the norm. So, half of me is fighting to sell my stock in AMD and Disney, for emergency money; and cutting the £385 down to £250. +My daughter just turned one and my wife and I are thinking of putting money away for my daughters future. I initially wanted it to go into a stocks account and invest into an ETF or a rather safe company that pays good dividends.. I then remembered that my credit union offers youth accounts with a 0.1% yield and no fees. I don’t want money to go into a retirement plan but rather it be something she can use when she turns 18. Any suggestions? + +*Edit: Basically looking for the best way to grow money with the least amount of tax implications. I can put account either under my name/wife’s or daughters.. + +(I’m also the kind of person who will switch companies from time to time if there’s better perks/incentives. I’d like to be in control of the account in case I want to cancel and switch to a new company later on down the road) +The reason why I'm even working 2 jobs is just a long story filled with childhood trauma and all that so yes, I'm aware that I'm pretty young. I got kicked out of my mom's house when I was 17 and my life kinda has been horrible ever since. + +I work part time at Wal-Mart and part time remote for a podcast network in New York as a social media manager for 3 podcasts and I should be able to make make $2800 a month in total from both jobs + +I pay $200 a month in rent for my sister and roughly $500 a month in transportation to and from work at Wal-Mart. $400 a month goes to food (I buy all my own groceries and Im 19 I don't know how to cook so I understand I spend a lot) and about another $400 a month to just enjoy myself at parties and nights out and stuff. + +I just want to know when I can start buying my own car and eventually transition into getting my own place. I have really had a horrible last few years and the family I was born into has played a big part in that. + +I understand that I'm doing pretty well for a 19 year old in terms of finances but I just feel so behind in everything due to my toxic family (for example: I don't even have my license yet because my mom didn't want me to learn how to drive) + +Also just 4 months ago I just got fired from Target with only $400 in my savings making only $16K a year projected and I would only eat 1 meal a day to support myself so this was all a process to get here + +Any advice helps. Thanks! +I've searched the question online already, but I'm still not sure what's supposed to happen or what I should or can do. If there was an Idiot Baby flaire, I'd use it. + +This is my first job, and suffice to say, I'm done working here. I think it was a good first job, but I don't want to make a career out of it. +I have a 401k set up through the company (Vanguard), but I want to leave. + +From the things I've read online, I have more than 1k in it, so they won't force me to cash it out? I don't think I want to take it out, but what will happen when I apply for another job? Will I have 2 401ks? Can I put the money from the first into the second? Can I cash out the money I currently have and put it all in my new retirement plan at will? Can I just continue to use Vanguard or is that only with the company I'm currently with? Am I using the wrong words? + +I only ever thought of it as an account that I funnel money into until it got interest over time, but now I'm just worried about not seeing the money again after I quit this awful job. +Services like these often charge different prices based on your location. I’ve tried this trick with [Kayak](https://www.kayak.com/). The same flight London-Los Angeles is displayed with distinctive prices throughout different servers. (most significant difference was $56) + +The VPN service I used is [Surfshark](https://surfshark.com/), but pretty much any other VPN service should do the job. + +**IMPORTANT**: remember to delete your cookies before doing this. +Hi everyone. First time poster so bear with me. I’m in the Army and will be getting $10,000 pretax as a bonus within 45 days. Assuming $7,500 after tax, I’m looking for input as to what to allocate these funds to. + +I currently have no savings, I take home ~ $600 a week and owe $7500 in credit card debt. I also have a car that I owe $24k on but it’s at 2.6% so I’m not too worried. No other significant bills. + +Thank you! +PRIMETIME BOILERS* + +Hi all, + +So as the title says I have managed to secure a 12 month 0% interest free credit agreement for the installation of a new combi boiler, £2,300 all in 10 year warranty. I will then look to settle within the first few months. Cash was also an option but thought it better to take up the offer of the added flexibility. + +However the surveyor contacted me this morning saying he had not taken into consideration that it was a replacement of a conventional boiler to a combination boiler and as such the price is increasing by £700 making the new total £3,000. The issue here is evident that I have already signed the lenders agreement for the original sum and I am now unsure if I wish to proceed with the full amount given I can get this slightly cheaper from a more local company. + +What rights do I have considering both surveyor and the head office had incorrectly advised me of the costs. Even during a call when wishing to proceed with the quote the administrator commented that she had noticed it wasn’t a straight swap and advised it would take possibly a couple of days. + +Any advice would be greatly appreciated. + +UPDATE: + +I have voiced my concerns to the company and have confirmed I will not proceed with their revised quote. There was no negotiation on price however offered me 10 years warranty as opposed to 5 years for £2,750, however I just cannot bring myself to trust them. Currently expecting a return call from the company owner at some point in the not too distant future. + +Work will be taken up by the local installer as the relationship is on good terms and is transparent and honest. + +I also contacted citizens advice who have reported the violation of the agreement of my consumer rights to trading standards and also the malpractice from the company pressuring me with a 2 hour deadline into making a decision as to whether I would proceed with the appointment for Saturday. +Note that after the MOASS, we will allow all gains/loss posts. This is temporary til we get the tendies, and mostly an attempt to prevent FUD during the MOASS. + +EDIT: 80% upvoted... do 20% of you really hate this poll or is that shills talkin? Also, notice we have about 350 poll responses and only 31 upvotes. + +[View Poll](https://www.reddit.com/poll/myovu2) +Guys this is a definiton of a moonshot. A novel single sided AMM Dex with: + +-1.5m mcap coin while its competition is at 100m-5bn. + +-No anon devs +-Can't be rugged because the liquidity is community provided +- $EYE is the governance token like Sushi and Uni except it's deflationary and burns with every trade +-Flash Loans +-Wrapped Tokens that provide APY +-Native Token written into contract as Index +-Earlier adopters benefit as liquidity grows. + +This is a high risk, EXTREMELY high reward project to get in. Marketcap is still very low +and the supply is increasing only logarithmic to the liquidity on the exchange. + +Coingecko page: https://www.coingecko.com/en/coins/behodler + +Etherscan: https://etherscan.io/token/0x155ff1A85F440EE0A382eA949f24CE4E0b751c65 +I have like £48k in savings, 35k in a one year fixed rate of 1.9%, 5k in a cash LISA, 7k in a savings account that I plan to move to my LISA overtime. I plan to use this for a mortgage for a house, when I eventually have the income, or a partner to get a mortgage with. But I am worried that it is losing value (and that they'll be a massive crash and it'll be worthless). I don't know what to do with this money to keep it safe I guess. I'm about to go back to university to do a master's so I won't be using it for a mortgage for at least 3 years, if I am lucky. + +What can I do to help keep the value of this money in the meantime. Or is it just doomed to bleed value at the moment? + +EDIT: One year fixed rate is 1.9%, not 5%. I have no clue where I got that number from, just put the money away and have not been thinking about it until the year ends +Hey everyone, **the chairman of the FCC, is very likely to announce a vote to gut neutrality, possibly as soon as Nov. 22nd.** Once a vote is called, it will become much, much harder to stop ISPs from charging us extra fees to access sites like reddit, and controlling what we see and do online by throttling and blocking sites, apps, games, and streaming services. + +These changes could severely stifle growth in the still-developing cryptomarket. With touchy topics like money laundering, darknet markets, and anonymous coins like Monero, we could see ISPs blocking or heavily throttling cryptocurreny transactions in the near future. + +**[But there’s still hope. The most effective way to can stop this is by driving as many calls as possible to our Senators and Representatives, now through Nov. 22nd. ](https://www.battleforthenet.com)** + +We're getting word that there are lawmakers who are sympathetic to our cause and considering taking action to slow the FCC down, but they won’t act unless they get more phone calls from constituents. Also, if your think your Rep's opposed to net neutrality, its all the more reason to call them. Those Reps need to hear your voice more than anyone. + +**Please, head over to https://www.battleforthenet.com , and give your Senators and Reps a call telling them to stop the FCC from slashing Title II net neutrality protections.** The time to act is now. + +To reach the call in line directly by phone, **call 202-930-8550**. + +When you get through to your Rep's office, introduce yourself, be polite, and say: +> I support "Title Two" net neutrality rules and I urge you to oppose the FCC's plan to repeal them. Specifically, I'd like you to contact the FCC Chairman and demand he abandon his current plan. + +We also have ready-made banners, modals, and graphics of various sizes here: https://www.battleforthenet.com/#join + +Thanks. + +Guten Morgen to this global band of Apes! 👋🦍 + +There is no better time than now to HODL GME. + +There has been an extraordinary amount of FUD recently. +Much if it remains similar to what we've endured over the past year and a half. +However, much of the new FUD seems like an effort to split this community. +The intent seems to be to leverage the goodwill that RC has earned from his active leadership of GameStop to get Apes to focus on another company he is trying to revive. +While I wish Ryan Cohen all the best in his efforts with BBBY, there is a very large difference between these companies, and to change focus at this time seems like madness. +Let me tell you some of the reasons that I proudly HODL GME. + +First, GameStop is in a great position to succeed well into the future. +The leadership team is actively building a digital future for the company, while shoring up the existing retail business. +Within the next few weeks, we expect the launch of the NFT marketplace, which leverages some incredible partnerships to be well positioned right from launch day. +GameStop has enormous cash reserves available to continue to invest in the growth of the business through the times ahead, though entertainment traditionally is very recession-resistant. +When combined with an incredibly loyal set of customers and investors, GameStop has all it needs to thrive. + +All of that, and not a single mention of shorts. +My biggest concern with all of the BBBY FUD is that the main 'value' to a BBBY investment seems to be the potential for a short squeeze. +We have all seen how challenging it can be for a short squeeze to manifest, given how unwilling the regulators are to regulate the markets. +The company faces some very serious challenges, especially in the face of a recession. +While I greatly hope that Ryan Cohen is successful in his activism surrounding that company, it seems like a wildly different scenario than with GameStop. +The efforts to steer Apes toward those investments are highly suspicious, and reek of predatory shorting. + +Today is Wednesday, July 6th, 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: **$121.34 / 117,92 €** *(volume: 256)* +- 🟩 115 minutes in: $120.69 / 117,29 € *(volume: 256)* +- 🟥 110 minutes in: $120.68 / 117,28 € *(volume: 246)* +- 🟩 105 minutes in: $120.77 / 117,37 € *(volume: 244)* +- 🟩 100 minutes in: $120.74 / 117,34 € *(volume: 244)* +- 🟩 95 minutes in: $120.73 / 117,32 € *(volume: 242)* +- 🟩 90 minutes in: $120.65 / 117,25 € *(volume: 222)* +- 🟩 85 minutes in: $120.58 / 117,19 € *(volume: 167)* +- 🟩 80 minutes in: $120.49 / 117,09 € *(volume: 165)* +- 🟥 75 minutes in: $120.38 / 116,98 € *(volume: 150)* +- 🟥 70 minutes in: $120.44 / 117,05 € *(volume: 150)* +- 🟩 65 minutes in: $120.58 / 117,18 € *(volume: 150)* +- 🟩 60 minutes in: $120.24 / 116,85 € *(volume: 132)* +- ⬜ 55 minutes in: $120.04 / 116,66 € *(volume: 124)* +- 🟥 50 minutes in: $120.04 / 116,66 € *(volume: 95)* +- 🟩 45 minutes in: $120.13 / 116,74 € *(volume: 94)* +- 🟥 40 minutes in: $119.98 / 116,60 € *(volume: 94)* +- 🟥 35 minutes in: $119.99 / 116,60 € *(volume: 72)* +- 🟩 30 minutes in: $120.00 / 116,62 € *(volume: 55)* +- 🟩 25 minutes in: $119.99 / 116,61 € *(volume: 55)* +- 🟥 20 minutes in: $119.97 / 116,59 € *(volume: 53)* +- 🟥 15 minutes in: $120.01 / 116,62 € *(volume: 53)* +- 🟩 10 minutes in: $120.02 / 116,63 € *(volume: 33)* +- 🟥 5 minutes in: $120.01 / 116,62 € *(volume: 31)* +- 🟥 0 minutes in: $120.08 / 116,70 € *(volume: 31)* +- 🟥 US close price: $120.23 / 116,84 € *($120.10 / 116,72 € 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 1.029. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I *thought* I had my FIRE number in mind. In calculating my number I basically just took my expenses over the last couple years and gave myself a bit of padding and then multiplied that by 25. + +But today I was staring at my FIRE spreadsheet, which has each year in the future projected until my FIRE number about 16 years away. Out of curiosity I looked at 16-20 years, and it was surprising to see just how much higher my FIRE number could be from adding 4 more years relative to the 16 years prior. + +This is probably just a variation on how unintuitive it is to think in terms of compound interest. But I hadn't taken this into consideration when calculating my FIRE number. + +A few things I observed : + + +* 4 years increases my FIRE number by $800,000 +* Working 4 more years could increase my *monthly* income by $2,666 for the rest of my life +* Those 4 years contribute more to my annual safe withdrawal than the next 10 years in my spreadsheet + +These numbers are assuming my pay/savings rate is the same today as it *could* be 20 years from now (unlikely) and the numbers are also assuming 7% return with a 4% SWR (not the most conservative numbers). But honestly the particular numbers aren't what I'm getting at. + +What I'm suggesting is that as part of determining what your FIRE number should be - it's worth not only looking at what your expenses are - or even what you want your expenses to be, but look at your situation and determine what your fire number *could* be with a little tweaking to your plan/circumstances. + +In picking my FIRE number I don't *need* that extra $800k - but I'm finding the appeal of planning around that kind of RE (53 vs 49) more exciting and desirable. And the price of those 4 years doesn't seem so high from where I am right now. Maybe that's exactly what is meant by fatFIRE (I'm relatively new to the community) - but I hadn't truly understood the relative value of working additional years before. + +\--- + +Also yes, I totally understand that this same line of thinking can lead you to never want to give up working and sometimes enough is enough is enough. 4 years of time in retirement might be totally worth it. Again, just having the right framework around thinking/calculating for yourself seems pretty important to find out exactly what is best for each person. +https://www.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d + +>Lossmaking UK energy provider Bulb Energy is racing to secure its future and has asked its main bankers to help find new sources of funding as record wholesale energy prices create turmoil in the sector. + +>The start-up, which supplies electricity and gas to 1.7m UK customers, is being advised by longstanding bankers Lazard as it explores its options, people with direct knowledge of the matter said. + +>Those options include raising new funds from investors as well as talking to other suppliers about a potential joint venture or merger, these people said. In those approaches, Bulb has been highlighting the quality and size of its database of customers. + +>One potential new backer approached about funding Bulb said it would be difficult given the current environment. + +What happens if you're a Bulb customer and they go bust? +Guys, + +something i really feel like a lot of people do not understand, the marketplace itself has the potential to make Gamestop skyrocket in value as a company and directly your own bag if you have a purple circle. + +&#x200B; + +They didnt just give us a market place, they gave us a tool - which is not just a blunt tool to have insane impact on the value of company you love (besides stocks,duhh), its also part of the future and web3. I´d guess only like 15% of you guys really understand the gravity of NFT´s and the future use cases, i spent a couple thousands hours in crypto and do it for a living and i cant believe how lucky i am to be on this boat. + +I personally feel like i have *MICROSOFT* stock in the early days (that will also squeeze so hard that Ken never eats mayo again), this is all is so much better than you possibly can think. You need to understand that if this thing gets traction and they start to hammer out AAA partnerships and or even further use cases of NFT´s this is gonna be a big part of their business, maybe this grows so large the store is literally just merch/hardware for the GIANT GME. All other stuff is on the blockchain, and ***you OWN*** it. And if you decide to sell it, you can do it, everyone profits. + +&#x200B; + +The vision behind this is genius, all these Boomer like the mad man Cramer hear NFT and laugh, because they are ignorant, uneducated in crypto and in general dinosaurs (like Munger, dude is so old the candles cost more than the birthday cake, if I need advice on a printing press i´ll fax him) Like in every generation happens some kind of revolution, this time it seems its all about ***decentralization*** and I AM a part of it. Cutting middle men and creating a whole new enviroment for artists, devs etc. This is so huge, this is the defintion of ***POWER TO THE PLAYERS***. + +&#x200B; + +I just wanted to share my thoughts and my incredible hype i have, i feel very blessed to be a part of all that merely because somehow a man with a red headband and a man with the goggly eyes had a dream and this message reached me through some of you guys. Its been a long time and a rough sea for some of us, motivation faded for me a bit but MAN this brought *FIRE* in my blood connecting the dots. + +**I am** a proud investor in a future tech company that is on a road of absolute domination in the most interesting sector in ***ALL of business*** right now, with the smartest community and customers and a monster leadership with insane partners. + +&#x200B; + +I want to use this new platform as much as i can, getting familiar with it so im ready for everything thats coming. I really try to get my hands on the stuff that is launched already, I think all that stuff there is already iconic (to me its like an alpha collection) + +&#x200B; + +Imagine **steam** launching but you can participate in the growth via the platform and you own steam stock...uhm ok im bullish. And using the platform pumps your own bag? Yeah ok. At certain levels we squeeze to Neptun and back? Ok im listening. Like what more do you need to feel blessed to have this opportunity? + +&#x200B; + +***And for the smoothbrains, yes DRS is de way BUT if your fat ass skips 3 fast food meals a month you got some powder left (its like buying at the physical store, is this FUD lol?)*** + +&#x200B; + +**I** used **I** very often so its clear that im speaking for myself, i do not advice anyone to buy anything cause i dont give a shit, all of you forge your own future with your decisions and the last thing an autist should give is advice so this not financial advice. Strangers sharing ideas on the internet, isnt web2 beautiful? Imagine what web3 can do. + +If you are not doing it already, i hope you wake up happy every morning for being at the right place at the right time being part of this journey, which in the future will reap its rewards. + +&#x200B; + +Cheers to all of you soldiers writing DD and explaining to us smooth brains, kudos! You pave the way for a new era. + +&#x200B; + + **↑↑↓↓←→←→B A START** +Over the last month, I've lost all of my earnings, and it's turned me into an emotional trader. I've had a roller coaster ride with options, but lately, I've lost a lot of money in the last month that I'm dead inside and don't think I'll ever be able to trade logically again without being hampered by emotions. + +As an example, around March I sold my Tesla shares for $300 less than what I paid for it. However, Tesla stock soared afterward, and if I hadn't used my paper hand, I would have been getting greens by around 40%. + +My problem was that I didn't plan ahead of time before initiating a deal. I really just have emotion to bargain with. Before entering any trade-in, I should've had an exit strategy in place and established what I was seeking to achieve and being realistic. Any advice on how to be less emotionally invested in your trades would be appreciated... +Hello I am a brand new investor into the stock market although I have paper traded for a while and built up a relatively nice portfolio in that, I’m looking in Low Risk-Mid Return stocks BlueChip stocks would be a good option in my opinion but I’m just looking for more options 2 Top Candidates for my choice is TSLA after Split or AAPL Just before split Any advice is highly appreciated! Thanks! +Compulsory super was introduced in 1986. For those born in 1968 they were18 at the time they. This generation will be 60 in 2028, they will effectively be the first generation to retire with a full super behind them (& in many cases a valuable house or two). + +Id like to know what people's expectations are, basically from as early as 2028 or more likely 2032 everyone who is at retirement age will have a full super behind them. + +How will this affect the economy? + +Is there any sectors/industries you think will see growth in business - tourism, cruises, lawn bowl clubs etc +Guten Morgen to this global band of Apes! 👋🦍 + +Low volume jacks my tits. +Record low volume gets me even more excited. +We've seen time and again what happens after periods of low volume, and the past week has extremely low volume days. +While most of those days still ended with an upward price, it hardly means anything when we know that *nobody is selling*. + +As we continue to anticipate what this week has in store, the tension of the moment is palpable. +GameStop continues to grow its digital presence, releasing updates, new NFT series, and partnerships. +The SHFs continue to scramble to survive another day, but time is running out. +One solid jolt could send everything into motion. +Will the German markets give us a hint as to whether that jolt comes today? + +Today is Wednesday, September 21st, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$27.72 / 27,76 €** *(volume: 1768)* +- 🟥 115 minutes in: $27.69 / 27,73 € *(volume: 1768)* +- 🟩 110 minutes in: $27.71 / 27,75 € *(volume: 1748)* +- 🟥 105 minutes in: $27.69 / 27,73 € *(volume: 1746)* +- 🟥 100 minutes in: $27.70 / 27,74 € *(volume: 1596)* +- 🟥 95 minutes in: $27.71 / 27,75 € *(volume: 1586)* +- 🟩 90 minutes in: $27.75 / 27,79 € *(volume: 1586)* +- 🟥 85 minutes in: $27.70 / 27,73 € *(volume: 1586)* +- 🟥 80 minutes in: $27.70 / 27,74 € *(volume: 1402)* +- 🟥 75 minutes in: $27.71 / 27,75 € *(volume: 1402)* +- 🟥 70 minutes in: $27.71 / 27,75 € *(volume: 1370)* +- 🟩 65 minutes in: $27.87 / 27,91 € *(volume: 1370)* +- 🟩 60 minutes in: $27.63 / 27,67 € *(volume: 1170)* +- 🟥 55 minutes in: $27.62 / 27,66 € *(volume: 1090)* +- 🟩 50 minutes in: $27.65 / 27,69 € *(volume: 1090)* +- 🟩 45 minutes in: $27.65 / 27,69 € *(volume: 1090)* +- 🟩 40 minutes in: $27.62 / 27,66 € *(volume: 1090)* +- 🟩 35 minutes in: $27.61 / 27,65 € *(volume: 1080)* +- 🟥 30 minutes in: $27.60 / 27,63 € *(volume: 1074)* +- 🟥 25 minutes in: $27.60 / 27,64 € *(volume: 1056)* +- 🟩 20 minutes in: $27.62 / 27,66 € *(volume: 959)* +- 🟩 15 minutes in: $27.61 / 27,65 € *(volume: 877)* +- 🟥 10 minutes in: $27.59 / 27,63 € *(volume: 433)* +- 🟩 5 minutes in: $27.59 / 27,63 € *(volume: 27)* +- 🟩 0 minutes in: $27.58 / 27,62 € *(volume: 20)* +- 🟥 US close price: $27.54 / 27,58 € *($27.48 / 27,52 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 0.9986. 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! +We'll start with Ken and Corporate. MF1 and MF5. + +https://reddit.com/link/w1l6ri/video/jurfl1yks7c91/player + +Let's see what MF3 (Lisbon Spain plane) has been up to.... + +&#x200B; + +https://preview.redd.it/kswfg61ws7c91.png?width=1136&format=png&auto=webp&s=615fa886a1f32cbbb5167124fdbfad7759df624c + +Barcelona to Luanda + +https://preview.redd.it/3v95eyx3n7c91.png?width=1850&format=png&auto=webp&s=b20e21ce6553d1abfc9920d5947b06a9f5480ed7 + +&#x200B; + +Luanda to Lusaka + +https://preview.redd.it/xk6jst9us7c91.png?width=1890&format=png&auto=webp&s=a1ec695df5d177b3db3023a3f88ad6c4a5c56249 + +Lusaka to Luanda + +https://preview.redd.it/f5udlucbn7c91.png?width=1858&format=png&auto=webp&s=769672d189fbabe2adac3bc2093b793fe04a05c4 + +Luanda to Johannesburg + +https://preview.redd.it/sfe2sg0dn7c91.png?width=1850&format=png&auto=webp&s=6dc6feb837b403ae2e1ed623daa72ca7edc596b9 + +Johannesburg to Luanda + +https://preview.redd.it/x8mh36ien7c91.png?width=1850&format=png&auto=webp&s=b6207f19fd36fa3793791ea3ade29081d907e918 + +&#x200B; + +Luanda to Lusaka + +https://preview.redd.it/9da7q2yin7c91.png?width=1852&format=png&auto=webp&s=84aca67290eb1d445dfe9b4247e485d078d880c2 + +Lusaka to Luanda + +https://preview.redd.it/62kofj6ln7c91.png?width=1838&format=png&auto=webp&s=c4e9677ce1cf79a670bf63cdf93d67183b136344 + +What the fuck is so popular in Luanda, Angola? + +We already know what's in Lusaka, Zambia. That's why Ken and all his friends (including Bezos) keep going there. + +&#x200B; + +Here's a list of 5 more suspicious planes I watch: + +N145QS + +N148QS + +N152QS + +N158QS + +N160QS + +And here is where to see who might be on them. They are co-owned like MF2 is. + +[https://registry.faa.gov/aircraftinquiry/Search/NNumberInquiry](https://registry.faa.gov/aircraftinquiry/Search/NNumberInquiry) + +\- input their number into the search area - + +&#x200B; + +Here is their flight history in visual form (They've been VERY active lately). + +[https://globe.adsbexchange.com/?icao=a326ca,a0b6b2,a0c1d7,a0d30c,a0e956,a0f31d&lat=15.604&lon=-43.388&zoom=2.5&showTrace=2022-07-13](https://globe.adsbexchange.com/?icao=a326ca,a0b6b2,a0c1d7,a0d30c,a0e956,a0f31d&lat=15.604&lon=-43.388&zoom=2.5&showTrace=2022-07-13) +Hi. Throwaway here for reasons...but I am curious on this topic because it looks like I will be dealing with this in my near future. + +I have a bunch of questions for those of you now help manage your family office as a full time job, or even part time. + +&#x200B; + +1. Do you call your job your "Family Office"? Or do you have another name for it? +2. Do you find enjoyment and fulfillment from your new role as much as your past job (maybe a more normal 9-5?) +3. How many hours a week does managing the FO take? +4. Outside of the FO - what do you spend your time doing? +5. What do you tell people you do for a living? +6. How do you view money? +7. Would you recommend doing the FO as a full time job or not? +8. Do your friends or family view you differently or ask what you do? +9. Do you have any resources that can help kids of wealth deal with this transition? (books, programs, etc) +10. Anything you wish would be differently about your life/situation - how can things improve? + +A good amount of questions I know...but thank you in advance! +Recently had an unexpected windfall (unrelated to my username and any stock mentioned in the WSB articles). + +We didn't have much growing up. My dad was enlisted in the army and my mom was a substitute teacher, but they did everything they could for my siblings and I, at the expense of their own finances. I got to go on plenty of cross country scout trips, and they helped a ton with undergrad and law school. With them helping me I was able to get through school with very little in loans. + +They couldn't really afford to help with school, but they wouldn't take no for an answer and I didn't think I should look a gift horse in the mouth. + +When I found out they were going to help me with school I made a vow to myself that I'd pay them back with substantial interest in the future. I'm now in a position to do that without putting my business or retirement significantly at risk. + +They definitely had credit card debt when my siblings and I were all growing up, but now that we're out of the house my parents have had all their debt paid off for years aside from their mortgage. So while they don't have a ton saved for retirement given their age, they don't have terrible spending habits. + +I've been fairly successful, which they're aware of, and they haven't asked for anything with one exception. My dad had secretly been saving to for a trip to Borneo, which was somewhere my mom always wanted to visit. A month before her birthday he told me about it and stated he wasn't able to save quite enough for the trip yet, and asked if I would be willing to help out so that he could surprise her on her birthday. He needed another $500, and he didn't want to take it from another account because he didn't want to mess up their budgeting. I was happy to help and gave him a bit more than he asked for, but I asked him to keep my help secret, which he did. + +He has never asked for anything else and that was a few years back. + +They aren't going to struggle during retirement even without my help. My dad's army pension covers all their expenses. But I still want to help, and I want to pay them back. + +Not sure how to do that without my mom telling other people. I could just transfer it to my dad's account and ask him to keep the fact that the funds came from me a secret, but I imagine it wouldn't be easy to hide that much from her and I'd rather not force him to lie to her. + +Talking to my mom about it, unfortunately, would not work. Not worried about her asking for more money, but am worried about her talking to other people about the gift and them asking for money. + +Any ideas? + +Ps: Apologies for the longer than necessary post, have not caffeinated yet and am prone to rambling in the mornings. +I think we've all experienced it; when you had no money you wanted money & when you reached your FF goal it was more than likely very underwhelming & you wish you had more time. + +This seems to be the sobering reality of needing not to check your bank statements ever again & vacationing / spending as you please. At first this is great or as I often say; it was great. When the lights are off at the end of a day however and I lay asking myself what truly makes YOU happy? I can't find an answer . I have a wonderful relationship with my family , a beautiful home & caring friendships with good mates but would love to hear how some of you deal with a void that cannot be filled & money cannot fix. + +Cheers +It's no secret a lot of young people between 18-35 took their first chance in the market in 2020 and 2021. But anyone who has been buying the dip on a lot of popular growth stocks through 2021 are now likely to have lost a lot of money. I think it's rather soon for new investors to already experience their first crash (lots of individual growth stocks are in crash territory) so that they might already be put off by the stock market. Doesn't help that popular social media gurus like MeetKevin have consistently advised to buy the dip on stocks that are now crashing. +I currently trade smaller coins for a living. I make decent money from it and I'm learning every day. I get in *very* early, ride the hype to the top and then cash out. Many of them are what you would call shitcoins. But almost equally as many others are simply new projects that have a real purpose and are just getting started. After all, every project has to start somewhere. Pancakeswap for example started on the Binance Smart Chain and is now one of the largest exchanges. + +And then there are the real scam coins, which is what you usually read about when people lose all their money. Yes, you can lose money the "natural" way if the project simply doesn't take off as expected, but the vast majority of losses are caused by scams. Since I deal with this on a daily basis, I thought it would be good to write a quick guide to help you guys who may be buying these smaller coins detect those scams and hopefully prevent you from losing your money. + +The vast majority of scams can be divided into either Rugpulls or Honeypots. So let's start with.. + +# Rugpulls + +Why are they called rugpulls? Imagine you're standing on a carpet. You're safe because the carpet is your support. Now, this evil guy comes along and pulls out the rug underneath your feet. That's a rugpull. You lost your support. It works the same way with coins. When you buy a coin, it is usually supported by a Liquidity Pool. It's a collection of funds which are locked in the contract and provide a "pool" for you to buy and sell coins. Rather than waiting for someone to come along to match your buying or selling, you use the pool to trade faster. + +What the scammers do is they launch a new coin, attach a liquidity pool to it and wait for people to start buying coins. Once enough people have bought the coin, the scammer will pull the liquidity pool, run off with the money and leave you with a worthless coin. + +You won't find out until it's too late. It's usually that moment when your coin's value drops from maybe $0.0034823 down to $0.0000000 or $0.0000002. + +# Honeypots + +To be honest, I never found an explanation as to why they are called honeypots, but you can pretty much figure out why on your own. It's basically a pot of honey where your money gets stuck and can't leave. They are often less obvious to the untrained eye and therefor also often more difficult to detect, even for people who trade smaller coins on a daily basis. Experienced traders routinely fall victim to honeypots because they see a coin pumping and jump in without verifying everything first. + +What the scammers do is basically insert a piece of code into the contract which allows only their own wallets to withdraw from the coin. They launch the coin and people start buying. You see the coin pumping and think wow, this is amazing. It's just going up and up. There's little or no red candles on the chart. You will likely stay for a while until you think it's enough and try to cash out. And that's when you notice that you can't, because the contract says nobody except specific wallets can cash out. Your money is stuck forever and there is nothing you can do about it. The scammer can withdraw any time, though. Some of these scams go on for days or weeks and people think they found a real gem of a coin that is going to the moon and will keep buying. + +# Okay, I've had enough. How can I protect myself? + +The best protection is not to trade with these small coins at all. Or at least not until you have some real experience with legit coins. And often experienced traders will not even touch these coins because it's too dangerous. Any of the top 100 coins on CoinMarketCap for example are very likely to be safe. Scammers usually don't allow the scams to get too big. It can happen, but it's very rare. But you don't listen to me, right? So, let me at least try to help you not get scammed too often. + +The vast majority of these scams happen on either the Ethereum Chain or the Binance Smart Chain. Because it's very easy and relatively cheap for the scammers to launch these coins over and over again with different names and make lots of money. + +There are tools that help you detect red flags and avoid these coins. If the coin you're purchasing is on the Ethereum chain, use **Etherscan**. If it's on Binance Smart Chain, use **BscScan**. Find out the Token ID for your coin and enter it on the corresponding website. On the next page, go to "Token Tracker". You will see a tab that says "Holders". There, you can see all the wallets holding tokens and the liquidity pools. Unfortuntely, there are many combinations of things you have to watch out for. Some of the red flags are: + +1. No dead coins. A project is fairly safe from a rugpull (but not a honeypot) if more than 50% of coins are in a dead wallet (usually identified as 0x000000000000000000000000000000000000dead). Watch out if less than 50% or no coins are dead. +2. Large wallet holders. Stay away from coins where one or a few wallets hold most tokens. +3. Unlocked liquidity pools. Even if they have liquidity pools locked, they could unlock them if the contract allows them to. You could dig deeper into the contracts but that usually requires coding knowledge. +4. No audit. If they are audited by a reputable company, the chance of a rugpull or honeypot are almost always eliminated. + +Another great resource is **Token Sniffer**. Enter the Token ID on the top right and look for the results of the "Automated Contract Audit". If there are any alerts, stay away from the project. The "No prior similar token contracts" is sometimes a false flag alert, because many projects use contract templates these days. + +If your coin is on the Binance Smart Chain, you can go to **PooCoin**, again enter the Token ID and watch the charts. If you notice no wallets selling or only one or two wallets doing all the selling, stay away from it. It's most likely a honeypot. If many wallets are selling, it's not a honeypot. + +# One more thing, there are also "slow rugpulls" + +These are much harder to detect. What the scammers usually do is create a perfectly legit looking coin with no other warning signs, but they distribute a large amount of coins across hundreds of wallets only they have access to. For example, 20% of coins are distributed to 500 wallets of 0.04% each. As people start buying the coin and the price increases, they will slowly start dumping (selling) their coins in order to generate money. People will keep buying and they will keep dumping until all their wallets are empty. These are super hard to detect, but the most reliable way to detect them is to use Etherscan or BscScan to check for many wallets with the same % amount of tokens. + +As you can see, protecting yourself from scams is a lot of work and this is by no means a complete guide and it won't guarantee that you won't get scammed. Not even experienced traders are 100% safe from scams and teaching someone all the things to watch out for would require coding knowledge and weeks or months of practice, but I believe it's a fairly good starting point. You can always do your own research from here and learn more. + +And remember, unless you're absolutely okay with losing all your money, stay away from these high risk coins. + +I need to take a break now because my fingers hurt from typing, lol. If anyone has any suggestions to add, please share them here to help make everyone's trading a bit safer. +Hi, all. First time poster in r/investing.Wanted to post here to share my thoughts and share what I collected about Corsair. I feel it's a great company to have moving in the future. + +Corsair Gaming (DD) + +Corsair is a very reputable company that has existed since 1994. CRSR are the leaders in making extreme high quality PC Components (RAM, Coolers, Power Supplies, Keyboard, Mouse, PC Cases, Gaming Headsets) and now venturing into Esports as a leading company. If you have built your own custom PC you probably have a corsair part in there. Extremely reputable company in the gaming world and known to be high quality and very durable parts with mostly high ratings. + +Corsair started its IPO at $17.25 per share in September 2020 having lasted 3 months. Since then it's current at $33.50 up 90% since inception. It's high point is 51.26 and now experiencing a pullback. where it's now valued at $33.50. + +Let's take a look at Q3 Results. Let's compare it to its established competitor: Logitech trading at approximately $85 + +Corsair (Year to Year Growth)[https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation](https://seekingalpha.com/article/4387552-corsair-gaming-inc-2020-q3-results-earnings-call-presentation) + +[https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1](https://ir.corsair.com/static-files/58b4afc1-54f5-4fca-9bd9-c155effabcf1) + +Net Revenue: +60.7% +Gross Profit: +112.4% +Operating Income: +353.6% +Net Income: +2293.5% !!!! +Adjust Net Income: +384% +Cash Flow: 24.7million in 2020 vs 2.1million in 2019. + +Logitech: +Net Revenue: +73% +Gross Profit: +108% +Operating Income: +18% +Net Income: +276% + +Implications? Corsair is AGGRESSIVELY EXPANDING. Look at that operating income increase. They're meeting their expectations with their aggressive expansion Corsair is growing faster than Logitech in terms of raw numbers. Cash flows shows what a great health state it is in moving forward and how they pose as a serious competitor to LOGI (Logitech) moving forward. Seems like a good mid/small cap growth stock. + +We could go more into the numbers if you'd like using its PPT but the numbers look solid all across. + +Institutional Ownership:Corsair is 91% owned by institutions + +[https://fintel.io/so/us/crsr](https://fintel.io/so/us/crsr) + +Owned by JPMorgan, Blackrock, Citadel Goldman Sachs etc. + +It's a company that institutions believe in as they hold 91% of the shares!! The worrisomee is that comes with this is that there it's usually missing the volume as opposed to recently popular debuts like Palantir and Airbnb. A lot of long term investors are locked in (myself included) and there's little volume movement (1.5m on average), price is a bit volatile. + +The Catalysts: + +This black friday/Cyber Monday was different due to Covid. there was an increase in gaming supplies as countries are forced to lockdown and people have nothing to do. It's reported that most of popular Corsair products that went on Sale were sold out BF/CM and Corsair completely ran out of stock. $$$.[https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80](https://ir.corsair.com/static-files/10cfa2da-de15-40d3-aa82-31c9c7145e80) + +An excerpt: CEO Paul, “We believe Corsair is at the center of this growing trend with our wide range of gaming and streaming products. This last quarter was one with very strong demand, with many major retailers running out of stock of our gear. Our stock situation has gotten better but only a small part of Q3 revenue came from restocking shelves, with most gear selling as soon as they hit the shelves. We are ramping up our supply chain and manufacturing partners as fast as possible, and we expect to thoughtfully be growing our channel inventory during the next few months, as well as supporting the continued high demand from our end customers. We recently released our new flagship gaming keyboard, the K100, which at $229 is the best keyboard we have built. We also recently launched two new microphones under our Elgato brand, Wave 1 and Wave 3, which were sold out within the first few days of launch. We continue to launch exciting new high performance products at a fast clip, with approximately one new product per week.” + +Prior to the Black Friday/Cyber Monday: They were revising their 2020 outlook because they exceeded it by expecting Net Revenue from 1.616m to 1.631m and Adjusted EBITDA from 187m to 193m.With how they even did even better on BF/CM sales than they anticipated, expect higher results. + +This Christmas is no different. Cyberpunk 2077 and lockdown still in place in US/Canada and other countries, people going to spending money on Corsair products yet again. This is in part with increased streamers in Youtube/Twitch that corsair is heavily investing in in terms of investing in a program for people to enroll to learn how to effectively stream and we can expect great things for the company in the future. + +February 9 is the expected Q4 earnings. + +Corsair is in a good position to easily beat out ER. As they already smashed their ER in Q3 by 0.26!! + +Analysts Predictions:After Q3 Earnings the newest price target for analyst +Credit Suisse Group: $31 +Barclays: $45 +Robert W. Baird: $41 +Cowen: $37 +At least 7 Buy Ratings, None at Sell. + +For this website: +[https://www.tipranks.com/stocks/crsr/forecast](https://www.tipranks.com/stocks/crsr/forecast) +9 has a average price target of $38, with the tops being at $49. + +Analysts would say Corsair is slightly undervalued at the moment. + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**TL;DR Corsair Gaming is a company in a great position for both the short term, and long term and one of the ideal growth stocks moving forward. It's worth taking a good hard look and a stock that will likely more than pay off in \~2months + easily barring sudden bad news.** + +Edit: I'd be happy to answer any questions you guys have and critical questions also help me to see if I did my job right, so keep on coming :D! I tried to be transparent in my DD as possible.Also, I vouch for Corsair moving forward however, please do your own DD before making financial decisions! +I honestly think this small shift in the way we look at everything will make a huge difference for the psyche of us apes. We like to call this a battle, but a battle is a single decisive conflict that's over fairly quickly. What we have on our hands is a siege, and they are a long, drawn out process that can take years. But here's the thing, we have them holed up in their Citadel, surrounded on all sides and their supplies are running low. We have reinforcements arriving every week, and now new allies (GG, LinkedIn users) are joining the fray. We have them right where we want them, all we have do to is wait. Sooner or later they will begin to starve and turn on each other, and then the citadel will fall right into our hands. + +I have no evidence to support this, but I can feel we are getting close. Our resolve only grows stronger, as they get more and more desperate. We have a key advantage, we have a life outside of GME. If we get sick of looking at the ticker, we can shut off our computer and go about our life. SHF don't have that luxury. For the last 7-8 months GME has consumed their lives, doing all they can every waking moment to stave off the MOASS, dangling above their heads like the Sword of Damocles. And now the thread is beginning to fray. Can you imagine the immense amount of stress they must be under 24/7? I wouldn't be surprised if we hear about one of them getting hospitalized for a heart attack or something similar. + +Hodl strong fellow apes, Rome wasn't built in a day, and a Citadel can't be torn down in one either. PAYtience is key, and remember, we may be early but we're not wrong. +It seems exceptionally logical that copper demand is expected to rise 31% by 2030. New infrastructure, green energy such as solar, and the electrification of the developing world. Copper is very involved in our society today and it certainly could increase in importance. [Mike Gunning of VR Resources breaks down the copper market - YouTube](https://www.youtube.com/watch?v=u0a_ZgquUVE&t=156s) + +On the other hand China is expected to release metal reserves to try and control the market: [China to Release Metal Reserves in Effort to Tame Commodities Rally - WSJ](https://www.wsj.com/articles/china-to-release-metal-reserves-in-effort-to-tame-commodities-rally-11623825424?st=prc9l9s7vjjhqt4&reflink=article_email_share) Do you think this will have a big effect? + +What do you think? Copper bull or bear? +https://www.nytimes.com/2017/12/28/technology/uber-softbank-stake.html + +https://www.wsj.com/articles/softbank-succeeds-in-tender-offer-for-large-stake-in-uber-1514483283 + +https://qz.com/1167616/uber-likely-isnt-the-worlds-most-valuable-startup-after-the-softbank-tender-offer/ +I'm not sure which sub this belongs to, but hope someone could help me here. Unfortunately I cannot disclose full information, as I believe my employer does browse reddit. + +I worked for this company for more than 3 years, I should note that I worked 6 days a week in their office, getting a what they said salary, I had both paid vacations and sick days. In the first year of my employment there they did pay me some part under-the-table, filing me as a 1099 employee. Eventually they started paying everything on check. One day I was browsing one of the subs and found out about misclassification of employees, so I had a talk with the employer about the issue and if they could reclassify me as W2, they just told me if I didn't like anything I was free to go. Because at the moment I couldn't afford to lose a job, I just sucked it up. +Fast forward couple of month, after calculating how much I had to pay in taxes, I had another conversation with the company. This time I told them that I would have to file an SS8 form, so they fired me. I did receive a call from them later that day threatening me they would disclose the cash earnings and sue me for the days when I worked less than 8 hours (often I worked 7 hours, however my pay was calculated daily ,not hourly) if I proceed with filing the IRS form. +I'm lost, what is the right way to handle it with a minimal loss? +Edit: I'm in NY state +Edit2: Unfortunately, as of this moment I can't post any more info. As soon as I see a lawyer, I could decide what is safe to post. Thanks everyone for the support. +Good morning Apes, Uncle Hank is back with another episode of the Magnum Opus. On today's episode: will my wife ever stop fucking the mailman? (Spoiler: NOPE). + +I wasn't originally planning on making these daily but because there has been such a great reaction and many of you have asked me, I will continue to make these daily, with updates, until the theory is proven wrong or until we go to tendietown. I am not a financial advisor, this is not financial advice. + +Before reading this, you MUST [read my first post (most important)](https://www.reddit.com/r/Superstonk/comments/mtf4e4/gme_magnum_opus_dd_past_present_future/)and [my second post (update based on yesterday's price action](https://www.reddit.com/r/Superstonk/comments/mu1esp/gme_magnum_opus_update_theory_confirmation_today/)). If you don't read those you WILL NOT understand wtf I am babbling on about. Now, I present to your: Uncle Hank's Magnum Opus: ROUND 3: + +https://preview.redd.it/3sjcoljwudu61.png?width=960&format=png&auto=webp&s=ed4d860f907321a356a46feaf17724cbdd2cbe78 + +# Quick Summary of where we are based on the theory + +**If you've already read the other two posts, skip to the part where I say you have a nice cock (you do btw).** + +My theory said that because of similar price trends that I have detailed in my first post, GME is currently repeating its price and volume pattern from early January. My reasoning for this is because the shorts have been in a nasty FTD cycle for over a year, so that's why we see similarities in price. As I've said many times, THIS IS JUST A THEORY, I could very well be wrong, so please do not take this as fact. As soon as there is a major sign that the theory is wrong, I will let you know immediately. + +GME price and volume action from 12/28-1/8 and 4/5 - 4/16: + +https://preview.redd.it/wudyqja1vdu61.png?width=1166&format=png&auto=webp&s=4a54109e2244435db414e02404fe957d25fa30b2 + +https://preview.redd.it/om83lga1vdu61.png?width=1178&format=png&auto=webp&s=d760a925a29cb8c3d9e4c2a20a2a541804336e52 + +From this information, my theory predicted that GME would have a significant gap up yesterday with volume higher than the previous Thursday and Friday just as it did on 1/11. That seems to have happened. Here is a comparison of yesterday to 1/11: + +**Yesterday:** + +https://preview.redd.it/cord4l0gvdu61.png?width=2206&format=png&auto=webp&s=e6bf34fd8e7135209e6ad1a19b3b1fbc7fef515f + +**1/11:** + +https://preview.redd.it/mnjki4devdu61.png?width=2204&format=png&auto=webp&s=70268505248438fb978e306abf182e435dd0b579 + +Interestingly, both of these days, the price shot up in premarket, gapped up from the previous Friday price, had super high volume in the beginning of the day, volume and price then faded the rest of the day, and volume, though higher than the previous two days, was nothing special. Yesterday's IV crush hurt my calls more than my wife's boyfriend hurt me when I forgot to pay his rent 8 months in advance. + +# If you've read my other two posts start here (nice cock btw): + +https://preview.redd.it/ribvsz3lvdu61.png?width=400&format=png&auto=webp&s=715164eec106767d68125c9420216cf6f112e884 + +Alright, so if the theory is correct, today should be a flat day, slightly negative, with very low volume and no significant price movements on the up or downside other than a slight dip after open. I want to be very clear that because today's price action is predicted to be absolutely nothing special that today's price and volume being in line with 1/12 does not prove that the theory is correct, it simply doesn't prove that it isn't correct. The reason for that is because it's very hard to infer a correlation from a flat price and low volume. As I've said before, Wednesday will be the real test. If today the price goes super high or low or if volume exceeds yesterday then the theory is probably incorrect (and I will tell you all this). However, if we have a flat day, then the theory has not been proven incorrect. + +**1/12 Price action and volume:** + +https://preview.redd.it/4l33qrypvdu61.png?width=2212&format=png&auto=webp&s=53a7351370beb53e86b48a2a9aa9a9840f90cb9a + +This low volume, flat but maybe slightly negative price, with a possible dip in the early morning, and maybe a pickup in volume towards EOD is what we are looking to follow today. So if you're sad about a boring day today, at least you can know that Uncle Hank may be on to something (last time I thought I was on to something is when I caught my wife with the mailman for the first time, sooooooooooo). + +**1/13 Price action and volume:** + +As I said before, Wednesday is the important day. This is not GME moon day. This is HomeDepotHank69 theory come true or not day (I know, very catchy). It's important to note that HomeDepotHank69 theory come true or not day is just a stepping stone to GME moon day and GME moon day will be much bigger. If we see similar price and volume action tomorrow as we did on 1/13, then that is further confirmation of my theory. If this does happen, I will make a mega magnum opus post that details where that puts us for the next few weeks regarding this theory. In the meantime, here is the price action and volume of 1/13 (our day to look at tomorrow): + +https://preview.redd.it/4xvz81sqvdu61.png?width=2214&format=png&auto=webp&s=3839c30e38e5fa13e1777763a181965e125370f9 + +What's interesting about this is that there is no movement in the premarket hours and the giant move upward comes starting around 10am and peaks around 11am. As a student of GME I've long noticed that GME's peak up or down is either before 10am or around 11am, so just something to keep in mind. I'm getting ahead of myself, let's focus on today and see if it looks similar to 1/12. + +**Looking to the future:** + +Apes, I know that the plethora of charts and colors may confuse you (if you are color blind, I will set you up with my wife's boyfriend immediately), so here is a longer view so you can see where we are and where we may be going according to the theory. According to the theory, everything to the left of the red line has already happened (this is early January). Everything left of the line is up to 1/11. Everything to the right of the line has not happened yet. Today, we are looking to follow that very tiny red candle with little volume, then Wednesday, we are looking to follow that explosive green candle with volume bigger than my wife's body count. Again, this is just a theory, do not take it as fact. As soon as I see evidence that the theory is wrong, I will update this. Here is the chart: + +https://preview.redd.it/epcufzjtvdu61.png?width=1290&format=png&auto=webp&s=5dcb21833b58fcf1a8691f7c87bc0a3ba64a24a3 + +Ignore those two white lines. STAY STRONG APES. + +EDIT 1: only about 50k in volume by 9am, seems like it's gonna be a low volume day. + +EDIT 2: extremely low volume at open, price slightly negative + +EDIT 3: Volume still low, price still slightly negative. Just like 1/12, the dip peaked around 10am, will we recover the rest of the day like on 1/12? + +EDIT 4: Shoutout to u/SpecialEditionDVD for this great comment: + +Second, I'm very curious about this theory and think you are on to something: + +* The jump from 1/10 to 1/11 was \~230% and the jump from 4/16 to 4/19 was \~200%. +* On 1/11, volume was 14.9M. On 1/12, volume was 7.1M (roughly 48% of the previous day). +* Yesterday's volume was 10.5M, so I'm thinking the range should be in the 4.5-5.5M range. + +EDIT 5: still LOW ASS volume. Price is declining more than 1/12, but on 1/12 we did see a big dip in the morning. If we keep dipping lower, the theory may be in jeopardy. I will continue to update. + +EDIT 6: Ouchy price go down ouch. Theory is not looking good today in terms of price but it is looking good in terms of volume. If we end closer to VWAP or end down less than 5%, I'll feel better about the theory. Stay tuned for more updates and for tomorrow's post. + +EDIT 7: Thank you so much to u/nuulss for talking about T+21. This is further reason why I thought that the price of GME was repeating becuase of the "nasty FTD cycle." I am going to do more research on that tonight and will hopefully be able to include an extensive amount of it in tomorrow's post. Thank you so much to u/nuulss for mentioning that, ur sexy as hell. + +EDIT 8: fellow ape u/wwalley came to the same conclusion as me, go show him some love + +EDIT 9: Fixed pictures + +FINAL EDIT: Below is a comparison of today's price action and volume with 1/12. We closed the day at 158.53. There are definitely some differences here, but for the most part it's similar. A big difference is that 1/12 stayed mostly around the VWAP. Contrastingly, today we were under it for most of the day. another difference is that our morning dip was much more severe than 1/12 and we didn't recover from it like 1/12. There are many similarities. however. Both days we had far below 10m volume. Both days were not very volatile and saw IV drop throughout the day. The high of both days was near open and there was a dip in the early morning. Interestingly, on both days volume really ramped up in the last 15 minutes of trading and price did as well. IMO, volume, shape of the charts, and the last 15 minutes of trading are the biggest similarities. Overall, I see no reason as to why the theory is wrong, however, as I said before, today does absolutely nothing to prove that the theory is correct. Today, simply gives no evidence that it was wrong. As I said, tomorrow is HomeDepotHank69 theory come true or not day. See the above chart on 1/13 for a comparison as to where we should go tomorrow. If we do not have a significant ramp up in volume and price, my theory was wrong and I will notify you all. If we do, I probably won't leave my house for several days. I will be making another post tomorrow for the theory and am also going to try and do more research concerning u/nuulss comment about T+21 expiration and see if I can find any similarities there. In the meantime, stay strong apes. Not financial advice, not a financial advisor. + +1/12 + +https://preview.redd.it/8jftsgnawdu61.png?width=2212&format=png&auto=webp&s=3b538c7677c005189c8594451a2d4604e4d0f52f + +today + +https://preview.redd.it/8p9gbpcvxdu61.png?width=2018&format=png&auto=webp&s=99c639f39a23e364ac938508482d20f87100840b + +**One more edit cuz fuck me:** + +Anyone else think the after hours activity is looking similar to 1/12? After hours aren't the best thing to consider because of the fact that the price can be moved really easily due to the low volume, but wow they're looking similar right about now. + +&#x200B; + 👍 If you think you've seen it all, you haven't! + +🤡 MEMES is the coin of the first decentralised platform where memes creators can earn money. 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I thought this would work. I thought I was "adulting." + +But I was wrong. A few years ago: two days before the first, I got an alert on my phone that my checking account had been overdrawn with a negative -$647.12 balance. Panicked, I checked my bank account only to find that my landlord has already cashed my rent check. "That doesn't make sense," I told myself. "There's no way he could have cashed it before the first. I wrote the first of the month on the check. Somethings wrong." + +So I called my bank's customer service number only to find out that my bank has honored the check and posted it to my account, overdrawing my account to the tune of a sweet $38 free. And trust me, back then, $38 was the difference between two weeks of cheap Top Ramen and two weeks of luxuriously baked spaghetti. + +Contrary to popular belief, banks are under no legal obligation to the honor your request to postpone processing a check until the date written on a check. Even if you "post-date" a check for some date in the future, the payee can immediately cash the check upon receipt. Why? Once a check is signed, the check becomes legal tender and a bank can process the check at their discretion – even if that includes disregarding a check's written date. + +The bottom line: Never write a check you an amount you cannot cash when you sign your name. It is up to the individual recipient of the check to honor the date written on the check. While there is a long-standing tradition of post-dating checks, there is no legal requirements for banks or payees to honor your request to post payment to a later date. + Another Mod has asked me to submit this to verify if my claims as to my posts are being deleted only because I post to often. + +https://preview.redd.it/lrc0wy50wnp61.png?width=1163&format=png&auto=webp&s=a8b1338189bd4343530542ad1cb3e81da06c0e26 + +https://preview.redd.it/4j3w1tn0wnp61.png?width=1102&format=png&auto=webp&s=89e42051a7354c84a3bec94c2fabfa299e911d39 + + + +Essentially I asked how can I change my posts in order to be following all of the rules here, since I respect this community. Essentially the MOD said that they will just change the language of the rules. + +When I asked this again, the MOD said that there isn't anything wrong with my content and posts, its just the fact that I post everyday. + +Since every post I give entries, targets, timeframes in order to construct option plays of your own, including my reasoning and narrative. I personally don't want to give the exact option I think you should buy because my goal is to encourage others to do their own DD. + +Maybe if I change the name of my posts, the mods will think that it is less journal entry like? Or if I don't post my PNL and account balance. Although that is what a lot of people always ask me to do, so I keep doing it. Also, feel like that give some validity to my plays (i put my money where my mouth is, you could say). + +Overall, I feel like they won't accept my posts no matter what. Maybe its better to follow me elsewhere? Any suggestions to where I can post my due diligence and trades? + +Thanks guys you are an awesome bunch! +This post is a repost of [This post](https://www.reddit.com/r/Superstonk/comments/mpfczh/citadel_the_botswana_connection/), the reason for reposting is that during the last two days [This post](https://www.reddit.com/r/Superstonk/comments/phkr7x/looking_at_the_panama_papers_i_bet_there_is/) by [u/laflammaster](https://www.reddit.com/user/laflammaster/) raised some questions about Suliman Dockrat, the involvement of Citadel in Africa and other HF connected. Also, some apes urged me to repost this. + +About 5 months ago I made this DD but it got buried and didn't get much attention probably because of bots fudding. It is a light read and it shows the connection of this Shitadel shareholder to Shitadel itself, tax evasion and I probably only scratched the surface. I speculate more methods are used through those companies but I am not wrinkled enough to go down the endless rabbit hole. + +PLEASE UPVOTE FOR VISIBILITY + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Before I start I just want to point out that this could not have been written without the panama papers project and I learned today by [u/IBRoln1](https://www.reddit.com/user/IBRoln1/) who made [this post](https://www.reddit.com/r/GME/comments/mp6eiq/know_this_woman_because_she_is_one_of_the_reasons/) about this incredible woman who was one of those heroes who brought them to light. I had no idea of her story and I want to dedicate this as a tribute to her memory. we live in a shitty world where real journalists who work for the greater good of society are hard to come by, may she rest in peace. + +&#x200B; + +https://preview.redd.it/7z9xdoav4ql71.png?width=120&format=png&auto=webp&s=67d6c80f46708a44c62e2c515ffa85989f9be426 + +**Citadel – The Botswana Connection** + +This piece you are about to read (if you know how) will allegedly show a possible connection that could imply by theory that Citadel is avoiding tax by using a network of intermediaries and shell companies (shocking right?). + +I have no background in finance, no degrees, I am a student of emergency medical treatment. I have been trading the US stock market since 2015 and had my fair share of being manipulated, reading SEC reports, getting screwed by HF , HFT and more. don't take anything written here as an indication that Citadel is in fact tax scheming, it is all theory and implied by free information on the SEC, Panama Papers, ICIJ data base and other websites I used to try and follow this network. + +I am going to show only one network, there could be many, honestly your head starts to spin. +\*Just to be sure – THIS IS NOT FINANCIAL ADVICE.. English is not my native language, so I apologize in advance for any mistakes. + +**With that said are you ready for a short ride** ? + +OK apes, Citadel is a conglomerate that is divided and pieced by many parts, one of those is "Citadel Group". + +**Citadel group companies are**: Citadel the asset manager, Citadel Securities the market maker, and Citadel Technology. + +You probably know that a popular way of avoiding tax is sending your bananas through shell companies into tax havens like the Andorra, the Bahamas, the British Virgin Islands, the Cayman Islands and more. + +So, by trying to find a lead I had to find some offshore entities which is a known way of avoiding taxes and moving money. a short search on ICIJ (which is a great website btw) brought up many "Citadels" and I just started to follow one of them. entering: + +" **Citadel Investments Group Limited** " + +Incorporated 26/6/12 in the Bahamas, which is a well know tax haven. turns out this citadel has an intermediary named **"Hilal Al Emarat General Trading"** (which I couldn't find any info about other than that it being a business placed in the **UAE)**. So, I looked into the address and found something interesting: a shareholder of **citadel** whose name is Suliman Dockrat. Funny enough was finding that his registered address was the same of "Hilal Al Emarat General Trading" - **Address: #501; Al Jawahara Building; Khalid Bin Waled Street; Burdubai; P.O. Box: 2769; Dubai; UAE.** + +**What the hell is an intermediary ("Hilal Al Emerat Trading")?** + +Intermediaries are firms or persons, such as consulting firms, banks, lawyers, tax advisors, accountants, etc. How do they tie in? They can help their clients to set up schemes to reduce their tax bills. + +>A **financial intermediary** is an institution or a person that acts as a link between two parties of a financial transaction. The parties could be a bank, a mutual fund, etc. where typically one party is the lender and the other, the borrower. + +&#x200B; + +https://preview.redd.it/y0ll1ml15ql71.jpg?width=1031&format=pjpg&auto=webp&s=dc6468b322ffeb71676a435bc677e6ba44136983 + +**Who is Suliman Dockrat?** + +Apparently he is a businessman who is a share holder of quite a few off shore investments groups, managing client portfolios. Sometimes his name is written as "Suliman **ESSOP** Dockrat" (this is important). + +He is tied to many companies like: + +**Sound Investments Holdings Limited** + +**Banbury Investments Holdings Limited** + +**Mount Pleasant Investments Limited** + +**Panoramic Investments Management Limited** + +**Authentic Investments Management Inc.** + +**Citadel Investments Group Limited** + +&#x200B; + +&#x200B; + +[How many Sulimans are there?](https://preview.redd.it/0xzi44z45ql71.png?width=936&format=png&auto=webp&s=9951f3f206085dab15d58765545969d74dbe23c1) + +Here is what important to know about Mr. Suliman Dockrat – he was tied to a tax evasion investigation nicknamed "**Choppies**" which is a supermarket chain in Botswana (you can read about it here [https://panamapapers.investigativecenters.org/botswana-choppies/](https://panamapapers.investigativecenters.org/botswana-choppies/)) . + +**Didn't read it right? Well, here is the shorter version with important stuff:** + +There was a rich dude, **Farouk** **Essop** **Ismail** (Essop?) who sold his shares in the "Choppies" company to a bank for $60M avoiding tax. turns out that our man is connected to non-else **Suliman Essop Dockrat** –Yep one fucking happy family . I guess avoiding tax runs in this family, coz our heroes in 2014, used agents in London and Dubai to invest in a company named "**Langney Road Investment Limited**" which helped them conceal money in tax havens like the **Bahamas** – The company was founded by <drumroll> Mr. Suliman Dockart: + +>*"The leaked documents show that Ismail’s son, Faizel, wife Fazeela, and daughters, Sadiyya and Ayesha, joined Langney, an “international business company,” four months after it was established by a Dubai-based front,* ***Suliman Dockrat***\*, in October 2013."\**Choppies share sale profits linked to offshore activity - Panama Papers* + +So, guess who else is tied to **Langney Road Investment Limited**"? no, not **Citadel, silly apes** (start thinking like a rich HF manager), it's **intermediary** "**Hilal Al Emerat General Trading**". OH why of course it is. Could it be that citadel is using Mr. Suliman for the same reason Ismail did? Well, are you Jacked to your tits yet? Coz we are going one level deeper. + +&#x200B; + +[Langney Road Investment Limited - A small family business](https://preview.redd.it/4l0xedpu5ql71.jpg?width=801&format=pjpg&auto=webp&s=0a34f3b9c1e1c69d92f2af12d5e78e302a7e5a04) + +&#x200B; + +**1 level deeper:** + +Remember that network in London and Dubai that was set up using Langney Road Investment Limited? + +Well, The network was set up by a man called **Mossack Fonseca**, he holds **"Moassack Fonseca & CO. Limited"** which is located in the Bahamas (I guess Limited is code for tax avoidance). + +When I dug in and checked their wiki it turns out it is a firm and apparently very good with taxes : + +&#x200B; + +[Moassack Fonseca & CO. - Avoid tax by selling cars?](https://preview.redd.it/n5dbz6636ql71.png?width=1686&format=png&auto=webp&s=fb057fe23ac6350027bf2b0fa59a7261d6c0d76b) + +&#x200B; + +So this Moass-ack firm is apparently a **world wide** tax avoidance helper of some kind, just look at how many entities are written on their name (14,901, thank you u/mcloudnl\*\*)\*\* + +&#x200B; + +[14,091 shell companies](https://preview.redd.it/p14abi796ql71.png?width=1121&format=png&auto=webp&s=192f1bb20be34d5e740e2097d56a5cd52f8ee6d0) + +&#x200B; + +OK we got it, these banana shoving lawyers are helping rich fucks avoid tax so what? what does that have to do with Citadel? Calm down little ape, did I forget to tell you? guess who **Moass**ac are intermediary of? You guessed it! Fucking "**Citadel Investments Group Limited**" which is the same company as the one we started with and held by Mr.Dockrat -we came full circle! + +[Full Circle.](https://preview.redd.it/6tfz3qwh6ql71.png?width=716&format=png&auto=webp&s=20ed42392da1ad500bc8d868f12ad2cda66f3a3a) + +So to conclude: + +**TA:TR** + +There is a connection between Citadel to an intermediate named Hillal Al Emerat Trading. The manager of that intermediary (Mr. Suliman Dockrat) is a shareholder of Cittadel Investments Group Limited and he is tied to a tax evasion scheme in Botswana. There is definitely a connection between his family's tax evasion through a firm named **Mossac Fonesca & Co limited** that set up that network that enabled the tax evasion (and probably 14,091 others). **Mossac Fonesca & Co limited** are an intermediate for **Citadel Invetments Group Limited.** + +I**n short, by following this path we can, by theory, say that they are using Mossac Fonesca & Co to avoid tax just like Mr.Suliman Dockrat or even using him to do this.** + +&#x200B; + +btw did you get the name of the firm? **MOSS**ack and BOTSwana ?- conformation bias ? SIMULATION? + +**This paper was written in a time of great FUD by bots so it may have gone unnoticed - please upvote to support it being seen by apes this time.** + +Edit: a too long to read section. + +Edit 2 : Added pics again + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 3: REPOST cosmetics. + +In memory of Daphne Caruana Galizia. + +&#x200B; + +[Daphne Caruana Galizia - RIP](https://preview.redd.it/axlsusjw7ql71.jpg?width=870&format=pjpg&auto=webp&s=896716cecbb6f4b147a3a2dec645fe5a4feebd0a) +Remember what Mark Cuban said apes. Our best move is to support Gamestop and show that we are long on the company. + +If we want Gamestop to compete with the tech giants like Amazon, then we need to make Gamestop a bigger part of our lives than Netflix, Amazon, Walmart you get the idea. + +If Gamestop suddenly gets 500k+ new accounts, subscribers, customers (even though a lot of us already are I'm sure) then it's only gonna push the stonk price up and then we ARE the catalyst dang it! 🧡GME🧡 🧡GME🧡 🧡GME🧡 🧡GME🧡 +&#x200B; + +https://preview.redd.it/c6fvmzzv05h71.png?width=889&format=png&auto=webp&s=3e3c6a7ccf42713fed837cb136d4c859e868503c + +Let me start this post off by saying that this is based on Technical Analysis only. The entire market is manipulated. + +TA itself is an amalgamation of mathematical intricacies based on the psychology of humans which is manipulated using algorithms trading at 1000ths of a second, but all trades are printed and are based on pure speculation which can be predicted and taken advantage of - which it is by bankers and PhDs working at hedge funds. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +I made part 1 of this post a couple of weeks ago which outlined the different indicators and what I am looking for. + +Part 1: [The Greatest Stock on Earth - Part 1](https://www.reddit.com/r/Superstonk/comments/otkbzf/the_greatest_stock_on_earth/) + +Today it happened. The chart just gave me enough signals to safely say that this shit is about to fly. I am expecting announcements next week because of this - although that part is speculative. + +Here's what's happening. + +[Daily Timeframe](https://preview.redd.it/11jufkm615h71.png?width=2291&format=png&auto=webp&s=343acfb54201e46ad2093dca0f6845a66570b77a) + +Here we see a descending channel - most of you know this already. We have been trading within this channel since June 10th. It has been draining for most, but I believe we are about to exit this channel very soon. + +[Daily Timeframe](https://preview.redd.it/u9b6aok915h71.png?width=2295&format=png&auto=webp&s=cad589b21742eea8f449761f1426975e926f08c2) + +You can see recently we have been trending upwards within the channel and the price is testing the ceiling. This is just basic TA for the smooths, so when we break the ceiling of this channel, it is very bullish as it is a break of structure or a pattern break. The break of consolidation alone is a signal that we will be trading upwards. + +Let's not stop there. + +[MACD - Moving Average Convergence Divergence - Daily Timeframe](https://preview.redd.it/fsdhc0pb15h71.png?width=2299&format=png&auto=webp&s=39f428f1d316cf214f1ca1d3d3838f74633584c6) + +Here we have the MACD and it has shown another crossover on Aug 10th. Previously we saw a crossover on July 23rd but we were subsequently shorted back down which was predicted to happen in part 1 of this post. + +[MACD - April 27th - Daily Timeframe](https://preview.redd.it/d21znlqd15h71.png?width=1673&format=png&auto=webp&s=ddd736ac90f5c955e033417833a6a82cf323131f) + +As mentioned already in Part 1, I will reiterate this fact. On April 27th, the MACD also had a bullish crossover, but this was met shortly afterwards with shorting which ultimately pushed it back into the red. We have seen this exact pattern happen again. It took the indicator 8 trading days to have a bullish crossover which caused the price to move up to $344 **AND** it took us 8 trading days again to see a bullish crossover on Aug 10th. How much more coincidental can you get? This time I believe we can rely on this signal because there have been other indicators firing off signals. + +[Stochastic RSI - Relative Strength Index - Daily Timeframe ](https://preview.redd.it/8qe2nbrl15h71.png?width=2291&format=png&auto=webp&s=ddfeb6ea0067afb04c05f8eb94dfdbefe26f9859) + +The sRSI has been trending upwards as well, around the same amount of time as the MACD. It is currently in the overbought area, but this was the same as May 19th and it can be a very bullish indication. So now we have 2 bullish confirmations. + +[sRSI - May 19th - Daily Timeframe](https://preview.redd.it/zquov4bo15h71.png?width=2301&format=png&auto=webp&s=a40aa2155033f5dd588cfc072057850fb1f7191d) + +This proves that the sRSI being in this position can be a bullish indication that we are about to see some good movements soon. + +[RSI - Relative Strength Index - Daily Timeframe ](https://preview.redd.it/bu7ck7up15h71.png?width=2296&format=png&auto=webp&s=c6f5cc63b44d88fc0cbb346dbd4a94d379285053) + +The RSI has recently been pushing upwards which is a very good indication, but I would like to draw our attention to the fact that the RSI entered oversold on Aug 4th for the first time since February 26th. This was also predicted to happen in Part 1 and this is extremely bullish as we can expect a correction from the oversold area back up to fair value. Oversold means the stock is undervalued. + +[RSI - Daily Timeframe - February 26th was the last time the RSI was oversold.](https://preview.redd.it/nt2l4g7r15h71.png?width=1822&format=png&auto=webp&s=c28742cb7c01866013ac93d01cbb0524cbd5da14) + +[DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily Timeframe](https://preview.redd.it/dclv92is15h71.png?width=2293&format=png&auto=webp&s=a1d09f7f06381aac85917bd8158802e9808eecba) + +We have had a crossover on the DMA. This has only ever happened 3 other times this year. January 13th, February 26th and May 19th (we already mentioned May 19th concerning the sRSI). + +[DMI & DMA - Daily Timeframe \(from Part 1\)](https://preview.redd.it/j3lxhgcv15h71.png?width=1679&format=png&auto=webp&s=14fccaac53737bab8566891860150e7fb2fa94c4) + +There has not yet been a signal from the DMI, but the two indicators usually aren't precisely interlocked with each other and can fire off signals separate from one another, but usually within a few days. The DMI is the final signal that I want to see, but considering the rest of the chart, I can see this happening very soon. + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +When looking at the DMA, it can also be used to predict big movements in the stock where each bullish crossover was met with ***massive*** price swings. There is no doubt that we are about to witness something historical as the DMA is at the lowest point this year and is beginning to push upwards. + +**The DMA eventually reached a low of -44.02 (minus 44.02) which has never EVER been seen before in the entire history of GameStop. This is literally a spring ready to be released and when it does we can be absolutely certain that we will see something never seen before - the MOASS.** + +I am very certain we are going to start seeing some bullish momentum in the next week or two. There's just too much here saying that we are about to see some movement. I am keeping an eye out for a GameStop announcement and maybe even DFV will emerge. + +https://preview.redd.it/ag0fd8l625h71.jpg?width=980&format=pjpg&auto=webp&s=5a7a5747ec334bbf14ac5b79c22836b7cf48a92b + +We are about to see Kenny grovelling and begging us to sell before this all kicks off. I think we'll start to see some large amounts of FUD and attacks, but I know I am prepared for this and it won't even bother me. + +**TENDIEMAN IS COMING.** + +**You've had months of preparation. Now it is closing in on a huge turnaround. I know many of you are fundamental analysts and subscribe to the DD, but I base my absolute opinion and decision making using technical analysis. The only DD that means anything to me is the MOASS. You had your chance to load up and tell your families & friends. Is this the final round? Kenny is about to be knocked out and the referee is getting ready to count down.** + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Let’s exemplify a YouTuber who has/sold $20 million in crypto and stocks, buying back in at times, saving 2million here, loosing .2m there. + +Why? Fricken why? If you have even one million dollars - put it into stable coins and make double percentage APY - that’s $100,000 a year - passive - without loosing initial - FOREVER!. It would be easy - mindless - you would live with an income only the top 30% of Americans achieve - you wouldn’t have to think or worry or trade - you could have any job and invest the apy into anything ANYTHING you please - shitcoins, charities, go for it all! + +At what point does it stop being money and just become a numbers game? +Bitmain has the Ethereum ecosystem in a stranglehold. It has seized control of the means of production as a result of vast economies of scale and virtually unlimited access to cheap power. This allows it to play the markets like a fiddle and become richer in the process, the aftershock of which is currently affecting Ethereum holders large and small. + +Set aside the notion that the recent slump in prices is mainly a result of ICOs cashing out the Ether they have raised. Some have estimated this to amount to be around [100k Ether over the past weeks](https://www.reddit.com/r/ethtrader/comments/96iq0l/icos_have_sold_nearly_100000_eth_in_the_past_30/). To Bitmain, that is pocket change. Operating on the conservative assumption that Bitmain owns 25% of the network hashrate, it single-handedly produces that much Ether in **as little as 20 days**. The total dollar market value of its mined Ether probably runs in the billions. + +There is no doubt in my mind that Bitmain has recently been dumping their mined Ether on the market at a massive rate, crashing the price and vacuuming up the wealth created by the network. I don't have tangible proof to back up this statement but it suffices to assume they are rational economic agents seeking to maximize their profits. Consider the following: + +Selling Ether affords Bitmain the continued expansion of their operation. At the same time, the reduced Ether price is squeezing miners out of the market at an increasing rate. This allows Bitmain to collect a considerably higher proportion of all mined Ether for as long as they depress the price in this manner. They will allow the price of Ether to recover once they have mined enough to be able to continue the cycle at a later stage. The feedback loop where Bitmain sells crypto to fiat, which in turn raises their crypto production rate, is creating vast wealth for them at the expense of everyone else. Bitmain has become the vampire squid of this new economy. + +This is a call to arms for the entire Ethereum community. The developers, the early adopters, the miners; all of them have a stake in the success of this project. In the end, their ambitions are the same: for Ethereum to prosper and to see it become the decentralized web 3.0 it is meant to be. There is no role to be played by a toxic agent like Bitmain in this vision of the future. The next protocol update should represent a clear statement from the community that cornering this market will not be tolerated. It is against everything Ethereum stands for. In order to achieve this, we should support: + +1) A block reward reduction from 3 to 2 ETH; + +While not to an extreme extent, this move would reduce inflation which is expected to put immediate upward pressure on the price of Ether. Like it or not, robust price action attracts more people to the ecosphere which leads to all kinds of positive secondary effects. + +2) A hard cap on total supply; + +Hard capping the supply kills two birds in one stone. First of all, it sends a clear signal to the market that Ethereum fully intends to realize the transition to Proof of Stake. Once the hard cap is reached, mining will no longer make sense and as such, the safety of the network will have to depend on a new consensus paradigm. In that sense, it is the ultimate Ice Age. We should agree on a sensible date in the medium term future (e.g., five years) to implement this cap. + +Second, it provides Ethereum with another use case: that of a store of value. If Ether were deflationary, it would be a huge boon to investors. Furthermore, assuming that role could finally lead to a definitive decoupling from Bitcoin. This could pave the way for the flippening and create critical mass in an industry where network effects are crucial. + +3) A non-negotiable and sustained engagement to fork away from asics. + +I will leave the details on how to achieve this to the brilliant and more technically inclined people of this community, but the economics are very clear to me. Ethereum was never meant to be controlled by a single party owning the majority of the hashrate; Bitmain is rapidly approaching this status if it hasn't already. Perhaps taking a page out of the Monero playbook, it should be possible to keep small-time miners in the game to ensure maximum decentralization. Periodically incapacitating Bitmain's asics will keep them guessing and should prevent them from making more massive investments in Ether mining infrastructure. + +It is absolutely vital to the health of the network to include this third solution. Without it, the other two will only serve to consolidate Bitmain's position as the bully-in-chief. + +Please share your thoughts below. +Good evening Superstock! + +I hope everyone is have a great weekend. + +Like Dr. T said. DRS is a gamechanger. It really is that simple. + +The reason we are seeing JPM suddenly talking about squeeze conditions, is the powers that be are scared shitless. + +Gme holders have been though a lot the last year: Hearings, buy button disabled, lawsuits, all those new regulations that we thought would put a end to this months ago, and some of the most insane price action that any stock has seen (mostly without news) + +A float that is completely locked in DRS means one thing: the party is over. It really is that simple. A locked float shows fuckery and egg on the face of the DTCC, SEC, congress..you name it. Can you imagine the epic finger pointing and blame? I cant fucking wait. + +All the lies and the rigged games are over. + +DRS is literally the worst thing that could happen to anyone in power. + +The only play that makes sense is the idea of a "fake squeeze" or squeeze conditions as JPM puts it, is a literally the only play. Drive up the price and hope people sell. + +It does two things, with retail pouring in, it slows the buying power of the DRS crowd (remember how this popped of 130?) and causes people to gamble on way OTM options (please dont fucking do that) + +Shit is gonna get wild, and really quick. There will be no margin calls. Fuckery will be at all time high. + +Not financial advice, but I'm not taking any chance. + +Edit: Grammar spelling. Also realizing JPM directly benefits from any positive run, any profits can be used on puts to drive it back down....DRS, Hold, and maybe hit your local ski hill. NFA + +Edit 2: it took roughly 33 mil shares to drop this from 250 to 130ish in like 3 weeks. I'm sure everyone that owned the float decided to sell all around the same time /s +I am a traveler and would like to buy my first home to be a rental (at least for the next 6 months). I know I should not mention this when getting a loan. Should I open an LLC to be paid rent? Any other advice? + +Edit: this still would be my primary residence. I would need all my bills and whatnot to go there because I would not be living anywhere else. I would just be on the road for an extended period and coming back there as needed. Sorry for the confusion and lack of detail that raised red flags. I appreciate everyone chiming in! I know it is unusual to travel for that kind of time but I would need help with my mortgage by leasing out spare rooms while not there. +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. + + +In my plan i need 15 doors (i have 6), but i still question if it will ever be enough? + +maybe i'm just venting, but how many small time landlord are there out there? millions probably less + +I would guess that most people on here are also small time and got there by doing the same thing bought rentals maxing out their debt income ratios and refi or other way to get equity for the next downpayment, some went on to buy a 5 plex or bigger then they hit the downpayment wall. Some even borrowed other poeples money to get what a couple more thousand a year after paying all the expenses and putting away money for future expenses. + +Then i see the big time investors, with 100+ doors and even then it dosnt seem like enough, so over all does it ever get to be enough? + +In my mind i see my 15 units (cashflowing \~7k monthly as mortgages are nearly paid off), over time i pay them down, save money buy new roofs, change windows or other big expenses (the rent increases never cover these expense either so even more debt), but in the end theirs higher rents for higher expenses and all we are doing is maintianing these buildings for the government. + +Its their land that we forever owe taxes on and give them our profits on the sale of rentals, housing workers who do as they please, while the bank always makes their money back. + +Just seems like its overall pointless, i do hold the property deed but its not mine untill 100% paid off unless somthing goes wrong then its my expense. + +Yes the properties go up and up, so what; just means more taxes and capital gains on sale. + +Currently im in the financing stages for buy that 5plex+ i was mentioning before, and the downpayment is from the equity in my current properties just feels like all my assets are debt. all this for what maybe 2k a month cashflow, maybe i would of made more keeping the downpayments as stocks, but then i wouldnt be a realestate millionair then right? + +Sure i'll get the just go buy REIT's response, well i have that as well just you need a hell lot of dividents to passivly retire on them. + +Anyone currently retired living off the cashflow? how do you really make it work ? + +Im just hopping the trick was not just to buy up all the cheap properties in the 80's. +Hello: + +I am contemplating purchasing an occupied, turn key duplex with the following metrics: + +Purchase price: $90,000 (cash) + +Monthly rent: $1,250 ($500 upper, $750 lower) + +Expenses (monthly): + +Property Taxes: $208 + +Electricity: $35 + +Gas: $110 + +Water, sewer, trash: $130 + +Prop Mgmt fee: $125 + +Insurance: $75 + +Total Expenses: $683 + +Net Cash Flow: $567 + +I calculate the property hits the general 1% rule, gross rent to value is $16%, net return on investment is 7.56%. I know in two to four years the roof will need to be replaced. + +Is this a reasonable estimate and/or return on the cash? My objective is to diversify my investment portfolio and build cash reserves. I am looking at the $90k investment like an annuity. + +&#x200B; + +The duplex is in excellent condition and is walking distance to a mid size state university. There's a family in the lower unit and a student in the upper. I think the lower unit could rent for more but the current residents are dug in and have no intention of moving. That alone seems worth the roughly $50 or so in lower rent value. + +Thoughts? What am I missing. + +Thank you for your thoughts and critical feedback. + +&#x200B; + +&#x200B; + +&#x200B; +I just read some post on here that a WSB user just got a Bloomberg terminal and has no idea how to use it. + +Is this the biggest scam in finance? $25k a year for what? A computer from the 90s? Does the Bloomberg terminal just print money for you? Do they know where the market will go or something? What does this thing do? What is the secret? Why does is cost more than my capital losses yearly? It all seems so surreal to me. + +Why not just yolo the 25k into robinhood instead so you can day trade and just yolo tesla and spy options? I don’t understand? Seems like the biggest retards pay for this just to still have a portfolio deep in the red. +I'm entirely new in trading, but I want to learn from you. What are your trading strategies? When do you usually buy in? +I know that some people just buy the dip when the market is declining. Like now the market is red judging by CMC or Coin360. But I don't think that this approach is smart enough. What are your thoughts? + + +Also, I'd be so thankful if you guys share the books or useful links on trading. +Am I the only one that can’t believe how ridiculous used car prices are at the moment? +Currently looking for a car and just disgusted by the prices. +Just saw a 2015 Mazda 3 Maxx is listed for $24000 when it was sold brand new for $23000, 7 years ago!!!! +And there must be buyers so how can people be paying such exuberant prices for these cars? +I'm going to HODL and HODL and HODL not only because I want to be rich, I mean most of us do, but more to be right. I've read the DDs and spent way to many hours on here keeping my finger on the pulse of things to just give in when the price goes from 10k to 2k before it jumps to 20k and so on. I've been HODLing for months and buying when I can and I'll be damned if I just paper hand at anything less than justice for these fuckers manipulating the market. +I am starting to believe in green investing and lab grown meat as a viable consumer substitute for animal meat. Does anyone have any understanding of how to get a diverse holding of lab grown meat research and development companies? + +I know Allegiant and Tyson are heavily researched the idea. I can't determine if there are any other viable options for trying to target this future market. + +Edit: I do mean mutual not index funds. Thanks for clarifying everyone. +I just called Vangaurd to DRS the shares within my IRA. + +I called computershare last week to make sure they could accept IRAs without creating a taxable event. They assured me they could. + +Vangaurd rep flat out told me they can’t. + +I asked him why and he just said he can’t transfer to computershare within an IRA. + +I asked him to explain and he said “all we have been told is it’s a cost basis issue” + +I told him “cost basis has nothing to do with anything unless you don’t own my shares and when I direct register them you would have to go buy them on the open market at the price now which is different” + +He said nothing. + +I asked to speak with a supervisor and he said “he will tell you the same thing and the callback time is 24-48 hours not to mention a transfer takes 10 days to 4 weeks. + +I told him to have the supervisor call me anyways. I also asked him if I could transfer to fidelity and he said yes. Then I asked why is it a difference to transfer to computershare if they can accommodate it? He gave me very basic same answers. He must have said “we cannot transfer shares within an IRA with computershare” like 5 times. + +Stay tuned for the phone call with the broker my Roth is in. + +Edit: anyone have the link to report this to finra or watever? + +Edit: also I will make a new post this week to follow up about the supervisor call and my ROTH. + [https://www.cnbc.com/2020/03/31/amazon-microsoft-end-first-quarter-higher-as-tech-peers-fall.html](https://www.cnbc.com/2020/03/31/amazon-microsoft-end-first-quarter-higher-as-tech-peers-fall.html) +WOW... today was interesting!! + +The day started off on a rise. This is a change of pace from the usual morning dip to allow any "rise" that may happen to only mildly impact the price by end of day. But the most surprising thing today was that it never went below that opening price. It was green the ENTIRE day. What the what?? + +They tried to shove that slow rise back down, but some large buy pressure came in at 11:30 (almost on the dot) and skipped it up. I noticed at that particular moment, a wall went up at the 159.00 price. We are talking very decent-sized wall, too. Not something the average retail buyer could do ($1.1 million) + +Remember this wall. I think it's important today. + +&#x200B; + +https://preview.redd.it/h9h0f3k9uki71.png?width=366&format=png&auto=webp&s=b7691f44975a2963f5826f004d1070347989acee + +A few minutes after that, as the price continued to climb, I noticed that the wall didn't deter whoever was investing, and someone put up a second, smaller wall (just in case??) at the 158.59 spot. Again, it wasn't a tiny wall (about $180K in value), but it was much smaller in comparison. + +&#x200B; + +https://preview.redd.it/ceeuegwiuki71.png?width=363&format=png&auto=webp&s=65507c4eb559855db2870bbd689b404ae517299c + +That secondary wall was taken down a few minutes later. I didn't see the price go anywhere near that amount, and it came off the books. The interesting part is that as it came down, the price rose up to that big wall, almost immediately. There was very little time between it coming down and that nice up-tick-gapped-jump. + +&#x200B; + +[... \(almost touching\), but bouncing off of an old \\"support\\" line I had sketched in from previous analyses... ignore that line.](https://preview.redd.it/vgvzu223vki71.png?width=1124&format=png&auto=webp&s=8d3ade2b799ec51512a39c16d26a53df9d078466) + +It was actually very interesting to see. As it touched that wall, it fell away, and volume dried up to high-triple-digits. For GME, that's very low volume. That kind of low volume revealed some funky numbers in the order books. (Here's just one that I saw throughout the day.) + +&#x200B; + +https://preview.redd.it/jgnxlzlfvki71.png?width=359&format=png&auto=webp&s=57bcfae5c80c1d47abe5ba9ab85c78fb5f490739 + +*Side thought: Can you imagine when this pops off? I know there are lots of orders in hidden books between 162 and 15,876. And at the moment it pops off, many, many more orders will hit the books in less than a microsecond to slow the rise. But dang!!!! With volume this low, it won't take much for it to jump WAAAAAAYYYYYYY up there. BLAST OFF!!!!* + +Okay... back to the play-by-play. And this is where it got interesting for me. 90% of the time, walls are dropped, not "bought through" or "sold through". They exist to deter or block certain price movements. Today, I happened to look up at the ticker I keep on my 3rd monitor JUST IN TIME to see (boop!) three things happen at the exact same moment. + +1. This massive buy volume popped up into the volume graph. +2. The big 7,286-share wall just ... vanished. POOF! +3. The price barely wiggled. + +Either the timing of cancelling the wall was VERY coincidental of a big purchase (very possible)... or someone bought the entire wall all at once. I was so shocked, I grabbed a shot of that, too. + +&#x200B; + +[BOOM!!! The wall is gone.](https://preview.redd.it/14vpolj8wki71.png?width=1487&format=png&auto=webp&s=9856ed15bb7bac275063f555c486915cd8cc091f) + +And of course, immediately after that happened, it got even green-er... is that a word? More green? Greenier? + +&#x200B; + +https://preview.redd.it/dmzc43aowki71.png?width=546&format=png&auto=webp&s=2aa4c56f045fef106499cff4c4b01c9bc1592712 + +I'm not sure what happened today, to be completely honest. We can speculate T+35. Moonjam ending. Hype train. Ryan's Tweets. But in the end, who really knows. All of the above???? + +I've gotten so accustomed to hedge funds and other bad actors manipulating the price DOWN on Fridays for us to "wallow in our failure" that I had almost completely expected it to hit 140 today, just for them to flex. I think they're running out of "flex" power. We all know how it ended, today. I don't think any ape missed that number today. If so, go check the final number. It was glorious. + +So.... that's it from me today. + +Going to take a break for the weekend, enjoy time with my family, and have a great couple of days. I'll see you all on Monday. My tickets are purchased, and my seatbelt is fastened. Everything else is just watching the performance. + +&#x200B; + +EDIT: Typos and math errors. +Household net income is $5500 a month. +Have 3 months cash reserves. +After all my bills I have about $1500 left over that's being used to pay off nearly $60,000 in student loans. But my car is failing. It's a 16 year old Hyundai. + +I need a new car that's of good value but the used market is absolutely insane. I'm not paying nearly the cost of a new car for one with 60k miles. That's just not a good deal regardless of how good the car is. + +I really don't know what to do. + +I'm looking at a brand new Kia soul or Hyundai Venue for a little under $20,000 but I'm scared of lifestyle inflation. +For some reason we don't appear to ever talk about this here. But there's a tactic called bankruptcy that can obviously save your butt amidst unforeseen financial trouble. + +Did you know that roughly 1 million Americans file for bankruptcy each year? Its not as uncommon as it may seem. And from my research, not very expensive, and relatively simple process. + +Reasons you might file for bankruptcy: + +Lots of medical debt. With insurance deductibles rising higher and higher this appears to be the number one reason people file bankruptcy. Some of you advocate for budgeting absurd amounts toward medical expenses (probably wise to do.) Bankruptcy can wipe away the medical debt. + +Lawsuits. Wage garnishment, and the whole nine yards can be wiped clean. Umbrella insurance is a great hedge. But don't forget about bankruptcy. + +Losing your job. It happens, remember 2009? If your assets are bankruptcy proof then there's an additional option. + +Divorce. Yes, it happens alot. + +Unexpected expenses. We just don't know what the future holds for us. + +My personal goal is that 90% or more of my NW is locked into bankruptcy proof assets - home equity, 401k's, IRA's, HSA's, 529's, etc. + +You could potentially have 1 million dollars in 401k's and a paid off house and be able to keep 100% of it even amidst filing bankruptcy and wiping away any debt you owe. + +Am I missing something? + +I know bankruptcy is an odd thing to talk about in a Financial Independence sub. But I can't help but view it as a fantastic last resort option. + +I would love to hear your thoughts! +Rundown. + +I'm 30. I have a 6 year old and residing in Austin Texas. Currently renting, and I have 100k to spend. I'm looking to purchase a house outside of the city. Prices for homes here are 300k + while small town homes are affordable outright cash in hand. I do not see myself paying a home off long term 15/30 years nor do I want to. My occupation is welding. The way I see it, I'd like to purchase a home and not have to worry about mortgage, the only payments I'd have to make would be Taxes/Utilities/Groceries. Does anyone have any experience with something like this? + +I know this sounds really silly, but hear me out here. Me(18) and my girlfriend(18) were joking about marriage for financial reasons, namely the fafsa. This has been a running joke for us for the past four years. For the first time I did a little research on the topic, and it seems like it would bring both of our efc’s down to 0. Logically, it would make sense to elope immediately if we could save more on tuition. + +However, if this was an actually logical thing to do, then I would see a lot more married college freshmen, and there are virtually none. What are the flaws in this plan? + +I know there’s insurance to worry about and all that, but I think that the money saved by getting more financial aid for schooling would cover that. + +Getting married would essentially make us independents- does that mean we have to legally be financially independent or could parents continue to fund us to the same extent they are now? Is that fraud of some sort if my parents were to still cover tuition? + +As a reminder, this is all purely theoretical. There’s just a lack of information online and if I weren’t wary this would seem like a no brainer. +A bit of backstory - lost my wife in 2020 and sold our home in 2021 to move closer to family. The proceeds from that sale are enough to pay off the mortgage on my new home. I’m getting conflicting advise on if I should leave the funds (app $200k) in savings, pay off part of the mortgage, or pay off all the mortgage. Most of my friends say leave it in saving for better tax use. I file simple every year so having the PMI and other mortgage stuff did not help me at all for federal and the state/local yearly tax is of course rolled into my mortgage. + +I have about the same amount in my 401k, work full time and also receive a pension. I’ve been pulling the mortgage payment +$500 additional from the savings each month. + +I’d appreciate any ideas on what and why I should do! +Ive just received some money from a relative who sadly passed. I used the money i got to pay off my school bills but now i dont know what to do with what i have left. I have about $10,000 left, should i invest it? what are those growing bank savings accounts? should i get one of those? im sure ill use it within the next two years but id like to make the best of it. x thanks reddit +So I have a car loan that's for 48 months at a moment and I was thinking about using the extra income I have coming in to try to pay it off quicker. I have $5,600 left on it and I wanted to try to get it paid off around March sometime next year. I'm making roughly around 1300$ per check and with me being in the military I don't have to worry about housing. Is this wise or should I just wait because I really want to start saving up for this car my eye for a while. And with this car still being on a lien I'm paying more for insurance than I want to. +$0... I lost nothing because I didn't sell. As a matter of fact I picked up 12 more at a deep discount and that made me average up bahahahahahahahaha. I am fine losing every penny, even though I'm certain that won't happen. Paper losses aren't real. Diamond hands are forever. Can't stop won't stop Gamestop! + +Edit: I got reported cause someone was worried about mental health apparently. That's really sweet of them. +I think it's time to call it, prices are going down in Sydney. + +The daily index values for 11th - 14th December have been; 214.53, 214.29, 214.16, 214.08. + +Daily indexes can fluctuate a bit but this is 3 relatively sizey daily drops in a row. + +From 11th to 14th that's a 0.2% change in index value. + +Also, auction clearance rate numbers for Sydney for the weekend just been have come in at 49.2% on SQMs methodology. + +Sydney now (finally) starting to see some red after the insane growth in the last year and a bit. + +Edit - for all the haters saying this was only 3 days worth of data - firstly I count _4 days_ and secondly the index for today came in at 214.05 so now 5 days!! + +It's official, bulls in shambles. +/s obviously +At the time of this post, Facebook is surprisingly down 1.75% after releasing fantastic earnings (although being up 5% on open this morning). The earnings were so good for Q4 that the stock is now trading at only a PE of 25, and a forward PE of 20.5 . + +I can give you a super long detailed analysis and DD of why Facebook can grow profits at 20%+ per year for several years, but I think the explanation is obvious, we're all familiar with this company's moat. + +At a forward P/E of 20 and a profit growth rate of 20-25%+ per year, this is an insane deal. +I just wanted to let everyone know the little known fact that you can get an AARP membership at any age, you don't have to be over 55. There are a lot of national discounts available ranging from prescription discounts to auto insurance, but there are also local discounts on all sorts of things like oil changes and free meals. +In the past week, I have used my AARP card to get extra rewards points at Walgreens, get a discount at Dennys, and get a free spaghetti at Fazoli's. +I've noticed that an abundance of Redditers are saying that the market will continue to drop and that it has lower to fall, etc. Yet ETF's appear to have higher lows over the last few days and are starting to trade sideways... +Source: https://techcrunch.com/2022/11/08/elon-musk-sells-19-5-million-tesla-shares-worth-almost-4-billion/ + +Tesla CEO Elon Musk is selling millions of Tesla shares again. The celebrity executive disposed of 19.5 million shares Tuesday, which is worth about $3.95 billion, according to three filings with the U.S. Securities and Exchange Commission. + +Musk did not take to Twitter to explain why he sold shares, but it’s possible the money will go towards his $44 billion deal to buy the social media platform, which went through last month. + +In April, Musk also sold around 9.6 million shares of Tesla stock, which at the time was worth $8.5 billion. Those shares were sold at around $885.42. Since then, Tesla has issued a three-for-one stock split, bringing the cost of each share down. + +Musk sold shares Tuesday at an average price of $202.56 each. + +Tesla is currently trading at $191.30 after hours. + +----------- + +$TSLA TESLA UPDATED INSIDER BUYING / SELLING OVER THE LAST YEAR + +Buy Transactions: 0 +Buy amount: 0 +Sell Transactions: 1455 +Sell amount: $35,974,783,779 + +Source: https://twitter.com/gurgavin/status/1590159021499379712 +Thanks to everyone who helped with our last topic: "Education". + +In continuation of our communal wiki build, today I would like to know: **"What are the best pets and pet resources for low-income people?"** How do you keep your pets healthy and well fed on a budget? Are there any resources everyone should know about? + +As a reminder, I'm **posting a topic on most Tuesdays, Thursdays, and Saturdays and soliciting advice from the community**. I'll take your suggestions and build them into a wiki page for each topic. Once we've built up a foundation we'll go live with the wiki and I'll solicit feedback for additional topics/gaps to fill. + +Check back frequently-- even if you aren't experienced with the current topic there will be some that you can likely contribute to in the future. + +Thanks again for helping improve our community. +I did hear once can get a credit line on portfolio of shares. I'm just wondering what sort of amount one needs in a portfolio and also whom would issue the line of credit. +I can see I have this sort of option in IG (collateral tiers), but I've failed to understand it completely. +Firstly I would like to put in the pretence this is not me just being ***LAZY.*** But more so starting a thread to share research on this green topic. + +1. We all know eventually green energy in all its forms are coming in big on whole due to climate change, but I solemnly believe in the next 12-18 months it will be enormous. +2. I believe Biden will want to divert so much from Trumps "legacy" that a green deal will be on the cards well right now, but released after a covid "clean up". Obviously for reasons of climate but I think he will secure a LOT of deep red state votes by giving people green energy jobs. (Cringe but Andrew Yang spoke about this, sadly can't find any written sources) +3. Also big old bojo this year is hosting the UN climate conference in Glasgow later this year, Boris is a man of legacy and of "power", his legacy wont be a great response to covid or Brexit, I believe it will be green energy (Can provide some evidence on request) + +Acting on this for me so far has been a large investment into the I Shares Green energy, which i highly recommend when it next drops. Other funds I have put in are Liontrust Sustainable (Am aware it quite misses the green energy shot), VT gravis clean energy and BGF sustainable energy, + + +Stocks have been harder, I started at my base which is what bojo is interested in, was surprised to see he uses a lot of European companies such as EDF and Orsted. + +&#x200B; + +Will be updating when I see fit or find something. Apologies for the worst written post this decade, I am the big bad with words. +I've got a GIA with freetrade where I play with higher risk stocks and shares ( already maxxed my 20K ISA on global all cap on vanguard) +This recent bear run has been brutal on my mid cap growth expected shares , that most have dropped since I started ( November) to about 10-20% level. I like the Scottish Mortgage investment team , and think the current stock price is a discount - so should I cut my loses and change over to the SMT for a bit more of an actively managed high risk portfolio? + + +Hi guys, I am 18, and have invested some money into the stock market during this pandemic. However, investing is something I would like to get into over the long-term an currently my knowledge on picking stocks/index's, and fundamental and research analysis is poor, I typically just pick stocks that are currently in the news for the right or wrong reasons and hope for the best. + +I have also looked over the internet for information but I would like to start from the beginning, and then progress. + +Any recommendations of a course or books I could read which will would help me to learn from the start. + +I know their is many courses out there which are bias, or promote stocks for a quick pump and dump, although id like to learn for the long term. + +&#x200B; + +And also, what would you say is the best platform for investing with low/no commission fees? I use Trading but I would like one with ready made portfolios, for inspiration. + +&#x200B; + +Thanks +A bit of a touchy subject as we all seem to believe we only make the right decisions but what are some of your worst investments you have made? I've made a few stinkers but I have to say my worst yet was about 15 years ago. + +I was new to investing and didn't really understand fundamentals. I would browse forums and see what everyone was talking about and invest from there. 0 research. Funny enough it worked for a while and I managed to turn 2k into 4k over the space of a few months. Pure pot luck, however I then decided to invest in a mining company (if you can call it that) with everything I had. Safe to say I lost the whole lot, down 4k in a matter of weeks. At the time this was a all the money in the world to me and put me of investing for long time. + +&#x200B; + +I still hold the shares today, they are worth about £100 but I keep them so every time I log into my account the big red glaring number reminds me not to invest in hype and do your homework first. +[Reuters on Wise Interim Report](https://uk.finance.yahoo.com/news/uk-payment-company-wise-says-062310090.html) + +Wise just released its interim report, showing an increase in customer transaction value of 36% and increased revenue of 25%. + +Despite that, the share price has slid another 2% and now hovers around 885p. I can't help but think that this represents a massive discount, particularly factoring in the company's projections for short- and long-term growth. + +Considering the recent fears of rising inflation, this has had a significant effect on the value of tech companies, which tend to be more highly leveraged than similarly valued companies in traditional industries. However, looking at Wise's balance sheet, they have no current debt, and a very small amount of long-term debt. Furthermore, Wise has consistently turned a profit, allowing it to pay its obligations from cash flow rather than relying on credit. Inflation-related fears should have very little impact on them. + +The only relevant bad news that could have caused this share price slide is the owner's personal tax conduct, which has seen him face a massive £365,000. Considering that this does not reflect on the activities of the company, I find it hard to believe that this news alone has caused the price to decline back to the IPO price. + +Personally, I believe that recent price movement has provided a massive discount on the potential value of Wise. Is there anything I've missed? +Hey guys, I started investing a few months ago and all is going pretty well so far but I really want to invest in some good tech ETFs like the ARK ones but they are unfortunately not available in the UK. Does anyone know any good UK alternatives (other than EQQQ)? + +Thanks +I’ve recently started investing into an ISA and Invest on the trading212 platform and I have been gaining profit from under £100. I’ve only sold one stock that was about £90 and I was wondering would I have to pay tax on that sell. + +I’ve also tried trading on the tastyworks platform on options but it’s only been a $80 profit and nothing has been withdrawn. Would I have to pay tax on that as well? + + +Hi guys, I am 18, and have invested some money into the stock market during this pandemic. However, investing is something I would like to get into over the long-term an currently my knowledge on picking stocks/index's, and fundamental and research analysis is poor, I typically just pick stocks that are currently in the news for the right or wrong reasons and hope for the best. + +I have also looked over the internet for information but I would like to start from the beginning, and then progress. + +Any recommendations of a course or books I could read which will would help me to learn from the start. + +I know their is many courses out there which are bias, or promote stocks for a quick pump and dump, although id like to learn for the long term. + +&#x200B; + +And also, what would you say is the best platform for investing with low/no commission fees? I use Trading but I would like one with ready made portfolios, for inspiration. + +&#x200B; + +Thanks +So everyone is going to have their phone number shares at CS, and all the banks are going to implode. What exactly do you do if you sell one of your CS shares (hypothetically) and get the check in the mail for it? + +Take it to a payday lender? You obviously can't take it to a bank... I know no sell no cell yatta yatta, but really.. if you have 50,000 shares at CS that can be wired to an account or sent a check for, how do you extract any of that for your dying grandma if there's no bank to exchange it for cash? +Current: 3M NW + +Target: 5M NW + residence + +Recently gave up my $800k+ job to focus my time on fitness, friends and family. I figured worst case is returning to a $500k job in a couple years if things don’t work out. Obviously, there’s a lot of anxiety around it, but there’s also a good amount of excitement. +Hi folks, + +I took some time off in early 2021 through mid 2021 after leaving a job with the worst manager I've had in my career after only 3 months. At the time, my allocation was around 99% equity and 1% cash. When I started my time off, I wasn't sure whether I wanted to work again. + +One thing I learned through the experience is that, I didn't feel "safe" selling my investments to cover expenses. It's a short sample size of only 6 months, and I probably would have ended up with higher NW due to stock appreciation, but selling a portion of investments did something to my psyche. + +Since then, I've started work again and have allocated private REIT portfolio totaling about 8% of our NW providing us with monthly passive income (tax efficient and reinvested at the moment) and planning to grow the allocation to around 20% - 25% which will cover most of our annual expenses. I do not have any bonds. + +For those who are FIREd, have you faced something similar? How do you reconcile mentally? + +EDIT: There are a lot questions and discussions going around regarding REITs, so here is some additional context. REITS we invested in aren't publicly traded REITs (for example VNQ) or even REITs such as Fundrise. As accredited investors, doors open to you to invest in tax advantaged REITS that are direct RE ownership structure. Not everything is designed to rip you off, I would suggest you do your own research. I am a Boglehead and that's how I got here, and there also was discussions around this type of investment at the official website as well. +Look at this picture, gang. These are children’s books written by RC about the lessons he learned from his father. + +https://i.imgur.com/Ywpkv85.jpg + +The titles are all references to tweets he’s made over the last year and a half. + +The bear is too short as it reaches for the piggy bank the kid is playing with like a rocket to the clouds above. The bear’s shirt is close to Citadel’s logo color, too. And the kid has a (pirate?) skull shirt on. + +The other piggy has a purple circle on its belly at the center of the legs which are in the shape of an X. + +X marks the spot? 🏴‍☠️ + +That kid is pointing directly to the circle and staring at the reader. + +DRS is the answer. + +Edit: link to the website, [Teddy.com](Www.tedddy.com). + +That’s a fantastic url. Seems like a waste for it to only be used on a series of children’s books. I wonder if he has plans for more children’s products? + +Hasn’t there been a pirate’s ship full of speculation that he wanted to acquire ByeByeBaby? + +Edit 2: I want to be clear some of the details above are from comments in another post. I’m just trying to pull it all together. + +Edit 3: There’s more in the comments below. + +Edit 4: Great post with a picture compilation: + +https://old.reddit.com/r/Superstonk/comments/yzew26/some_really_fun_cohencidenceswith_the_help_of + +I see rockets, chopsticks, legos, ice cream cones and literally GameStop +Judging by the recent events, my predictions are now aging like week old milk in the summer sun. Not only are they wrong, they are so spectacularly wrong I honestly believe I qualify for disability benefits. + +But, before I exile myself back to talking about Fed policies and option fundamentals, in true WSB retard fashion, instead of learning from my mistakes, I am going to double down on my mistakes instead of learning from them. + +So here are a bunch of new predictions that I am 100%, absolutely, most definetely sure will never go wrong. + +1. China is never going to invade Taiwan which causes a military and economic catastrophie that threatens to throw the world into the dark ages +2. The trillions of dollars the Federal Reserve printed in the last couple of years will in no ways, ever bite in the ass. +3. The 30+ trillion and growing deficit will never cause any serious adverse harm to the economy. + +Alright, that will be all. Feel free to roast me in the comments below, god knows I deserve it. +Judging by the recent events, my predictions are now aging like week old milk in the summer sun. Not only are they wrong, they are so spectacularly wrong I honestly believe I qualify for disability benefits. + +But, before I exile myself back to talking about Fed policies and option fundamentals, in true WSB retard fashion, instead of learning from my mistakes, I am going to double down on my mistakes instead of learning from them. + +So here are a bunch of new predictions that I am 100%, absolutely, most definetely sure will never go wrong. + +1. China is never going to invade Taiwan which causes a military and economic catastrophie that threatens to throw the world into the dark ages +2. The trillions of dollars the Federal Reserve printed in the last couple of years will in no ways, ever bite in the ass. +3. The 30+ trillion and growing deficit will never cause any serious adverse harm to the economy. + +Alright, that will be all. Feel free to roast me in the comments below, god knows I deserve it. +Judging by the recent events, my predictions are now aging like week old milk in the summer sun. Not only are they wrong, they are so spectacularly wrong I honestly believe I qualify for disability benefits. + +But, before I exile myself back to talking about Fed policies and option fundamentals, in true WSB retard fashion, instead of learning from my mistakes, I am going to double down on my mistakes instead of learning from them. + +So here are a bunch of new predictions that I am 100%, absolutely, most definetely sure will never go wrong. + +1. China is never going to invade Taiwan which causes a military and economic catastrophie that threatens to throw the world into the dark ages +2. The trillions of dollars the Federal Reserve printed in the last couple of years will in no ways, ever bite in the ass. +3. The 30+ trillion and growing deficit will never cause any serious adverse harm to the economy. + +Alright, that will be all. Feel free to roast me in the comments below, god knows I deserve it. +Dear fellow we-tards, this is a call to arms, legs and anything you variously upright apes can shake, wiggle and jiggle. If we can combine our smooth brains and smooth moves, to come up with a viral BBBY dance and/or Tik-Tok challenge, we could recruit a new army of the greatest untapped source of weaponized 'tism twerkers the western world has to offer. + +Our enemies wield the power of the press, politicians and multi-billion dollar hedge funds, while we/reee, the great unwashed masses of WallStreetBets, wield the power of the Meme... so let's use that power for good, for gains and for the people. +Mid-40s and financially secure at this point. I'm a physician who owns my own business. I bring in over $500k working about 20 hours per week. I don't hate my job but at times would like to do without the responsibility. I don't want to bring in a partner as I don't want to manage one. + +I also started a real estate company. I had a good year in stocks and sold to pay off all of the liens on my rental properties. My RE company generates about 400k per year net. I wouldn't call this passive but it doesn't take much time. This is more than enough for me and my family. + +I'm thinking about shutting down my medical practice. I have a lot of hobbies including MMA and farming (I also own a lot of land). + +My concerns are that I have young children so I can't really travel since I have to be with them and they have to be in school. I work in my practice or on my properties when they're in school and all of my free time is spent with them. I don't want this to change. + +Much of my social life is through my medical practice work and if I retire I know I'll be giving that up. I'm not sure it will be easy to meet other retirees in their 40s to hike with during the week. I don't want to do anything social other than with my family during the evenings or on weekends. + +I fear that the ideal life I created in my mind about going to the gym, doing MMA, hiking, and farming won't live up to expectations and I'll regret closing my practice. I can't work any fewer hours because my one front desk employee will leave. If I shut down, it won't be easy to get started up again as my patients and referrals will go elsewhere. It's pretty much all or nothing. + +Any insight from anyone else who retired relatively early in life? Any regrets? Do you enjoy being without the responsibility of work? Thank you for reading. +Old Lady Ape here, + +With the renewed interest in Registering Shares, I thought I would give you all a quick rundown of what it is, and why having the paper shares printed is not necessary to remove your shares from the DtCC. + +[Well most of them at least \(I'm reusing this meme, because I like it, OK\)](https://preview.redd.it/bd1fqy5v54n71.png?width=926&format=png&auto=webp&s=b9347d5d777ee4bae649f696d11de86834722ec5) + +Direct Registering shares is removing your shares from the DtCC and registering shares in your own name instead. Shares that are in your broker are called "streetname". They exist in an accounting system called FAST at the DTC. When you purchase a share in this way it looks kinda like this. + +&#x200B; + +[The Fraudket of Shame](https://preview.redd.it/wvzsisg2z3n71.png?width=657&format=png&auto=webp&s=6a3f554d7677016aa7ad804c3c84211fc437cea4) + +The "streetname" shares are really just "entitled" and never make it to the "master shareholder file" held by the transfer agent (in this case, Computershare) + +&#x200B; + +Computershare is not a broker it is a Transfer agent whose main responisbilty is the maintenance of the Book of Registrars, the Master shareholder list. When a transfer or purchase is made to the Transfer agent, it looks something like this. + +&#x200B; + +[Episode 2: Escape from the Fraudket](https://preview.redd.it/e5i6w36sz3n71.png?width=709&format=png&auto=webp&s=64a6063fe44f15e30593da1dd2f6fe4f66e3e6b7) + +The shares are debited from the DTCC on the master shareholder list and credited to you. The rightful owner. It's like a boomer blockchain! + +**You do not have to request a paper share for this to happen**. + +Let me say that again. + +# You do not have to request a paper share for this to happen. + +# You do have to request a W/T or withdrawal by transfer transmission from your broker to Computershare or purchase shares directly from Computershare for that to happen. + +There are pros and cons to doing this. + +&#x200B; + +|Pros|Registered Shares|Cons| +|:-|:-|:-| +|Your claim is with Gamestop and not a broker. So shares can't be liquidated in case of bankruptcy (broker bankruptcy, not yours😁)||Brokers can allow your shares to never be delivered ([yes even in cash accounts](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3))| +|Dividends are delivered||Payment in Lieu of Dividend (It's in the fine print, read it)| +|Giftable shares, you can change ownership||Timing and pricing of Buying and Selling is more precise and pretty much guaranteed at a broker.| +|Limit sells are available and you can transfer back to a broker at anytime but will be waiting for T+2 settlement.||Brokers are still much better at selling. Consider this when deciding how many shares you want to register| +|||| + +Only the number of shares issued can be registered at Computershare. If not... + +&#x200B; + +[So there is this...](https://preview.redd.it/rcgxxbbo34n71.jpg?width=690&format=pjpg&auto=webp&s=1929b65b88b898b77c00caaa5651a2210a43159a) + +&#x200B; + +If you have decided to register your shares, there are a couple of guides as to how to do it. + +a newly revised one by u/da_squirrel_monkey + +[https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring\_shares\_to\_computershare\_a\_stepbystep/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pmsq3u/transferring_shares_to_computershare_a_stepbystep/?utm_source=share&utm_medium=web2x&context=3) + +I have one if you like old ladies😁 + +[Broker by Broker](https://www.reddit.com/r/Superstonk/comments/pbtyk6/how_to_computershare_broker_by_broker_compilation/?utm_source=share&utm_medium=web2x&context=3) + +I have more descriptive posts for: + +[Pros and cons of direct Registering](https://www.reddit.com/r/Superstonk/comments/o76au8/direct_registering_shares_what_it_is/?utm_source=share&utm_medium=web2x&context=3) + +[Fraudket of shame](https://www.reddit.com/r/Superstonk/comments/pgm3qh/computershare_infinity_pool_vs_the_fraudket_of/?utm_source=share&utm_medium=web2x&context=3) + +Sources are listed at the ends of those posts, since I'm just summarizing here, I'll direct you to the original posts for sources. + +and, it's pretty much all I post about until my career as a memer takes off, so look in my profile for more. + + Ape no fight Ape! Please be gentle♾🚀💎👐 + +Even more info: + +Original [Infinity pool DD](https://www.reddit.com/r/Superstonk/comments/mpvx9n/the_infinity_pool_naming_a_theoretical_posit_for/?utm_source=share&utm_medium=web2x&context=3): u/BluPrince + +Also lots of posts on the infinity pool sub and the jungle sub! + +Boomer Blockchain: (Another ape came up with this but I can't remember who, I'll edit in your name here if anyone can let me know) + +**FUD Patrol/ Disclaimers:** + +>I am not suggesting that anyone do anything, I am only providing publicly available information for informed decision making. This is nothing but **Buy and Hodl but in my own name instead of the DTCCs name.** **This is not urgent!** Take your time and think it through. +> +>This is a very safe method for **forever♾holding shares**. **Not the best for selling**, although you can sell through them or transfer back to a broker to sell. If you have specific concerns, please feel free to discuss them with me in the comments (I am afraid of direct messaging👀) + +&#x200B; + +[Search: How to be brief...](https://preview.redd.it/b1odl87z54n71.png?width=1068&format=png&auto=webp&s=bce1521d4c24c2ae2d024da4c2606f6bc94ab14a) +Given the 250% increase in gas prices, is now the best time to replace an old combi boiler for a new one and get the radiators cleaned? + +New boilers are more efficient therefore use less gas and flushing out the radiators will help them emit more heat. + +A new boiler + fitting can be pricey: £1000 - £3000 depending on what you get done. + +Since gas is now so expensive, using less can save a significant amount of cash at which point I'm wondering. At the current gas rates, is a new boiler actually going to pay for itself with the potential savings? +EDIT: This isn't a real example, this isn't a property im working on, this is just an example to make life easier with easy numbers + + +I understand the BRRRR model, buy a fixer, downpayment 20% down, fix the house, reappraise it, cash out refi, repeat. The thing I dont understand is this simply. Lets say I buy a house for 100k, with 20% down, and i invest 30k to reno the property, im now in with my own money of 50k. I get the house reappraised and it sits at 220k, I cash out refi at 80% and Im able to pull out 176k. + +So sure, I understand that with that 176k im able to cover all my costs, the 50k downpayment & reno, but I still owe 80k on the mortgage, and this is where I get lost, if I owe 80k, how am I able to do a cash out refi on top of that? is the refi replacing the 80k for what the new appraised value is? If thats the case then am I able to pay off the existing mortgage with the cash out refinance? +My parents own a house in Northern Virginia and over the past 12 months, have seen their house price spike similar to the rest of the country. They are not planning on selling; however, their property taxes are spiking too. All this means to them is thousands of dollars in higher property taxes with no new income to pay for it. + +My question is: if very high inflation takes shape in the next couple of years, and house prices continue to rise, do you think we will see homeowners sell their properties out of desperation, unable to pay the taxes on them? +See above question. + +Do you really think the rate of appreciation will be similiar from now - 2062 as the period from 1982 - now? + +I'm not so sure. Interest rates have nowhere to go but up and future demographics suggest population is leveling off. Will prices rise? Probably, but not so sure we will see 1000% gains. + +What are your thoughts? +Does anyone have a standard notice they can share with me? I try to avoid going down the eviction road at all costs. Last option before that is cash for keys. Do you physically post a move out notice after multiple unanswered emails, calls or texts? Just curious how everyone goes about it. I try to be understanding but it turns into them being a month or two behind. +Hi reddit, + +TLDR - I’m a 27 y/o Male with $40k cash. I make $65k/year, and my net operating expenses are $1700/mo. Savings rate of ~$20k/year. I have $40k cash saved and want to start investing soon. What’s the best plan? + +I want to get into real estate for a few reasons: + +- It seems to provide better cash on cash returns than dropping that sum in an index fund +- It can scale +- I’m fortunate to have a good living situation (low monthly rent) that’s not likely to change. I want to take advantage of this young to build wealth +- I can offer a good living situation to others (being a good landlord and pricing fairly) + +That said, I have $40k cash I’ve saved up. No remaining debt. I work as a Project Manager and I’m 2.5 years out of college, so my income very likely to rise (but what I make NOW is what I want to base decisions off). + +I’m waiting until I have $5k in checking acct, $7k-10k in emergency fund, and $40k down. Then I want to jump in. + +Full disclosure - I live with my GF of 3 years, in a house that she inherited, which explains the low rent (house is paid off). I really don’t see us separating, but I do want to base any investment decisions off of my income alone. She’ll help in the form of providing emergency fund if absolutely stuck, but otherwise it’s all on me. + +So, what would you do if you were me? I think a Duplex makes the most sense, but I want to hear your feedback and even stories of how you got started. + +I’d also love to hear any general advice - how to start to learn to read markets, things you wish you did differently, things you did right. All is appreciated! + +EDIT - location matters - Northeast US. Not a major city. Decent duplexes here are around $250k (roughly) and decent SFR’s are around $190-225k (again, roughly). These are for functioning homes, probably with a few of the big ticket items in good shape or new. Maybe not updated rooms or appliances yet. +I'm hard at work learning more about options trading, but something I notice a lot is that a lot of sources and teachers instantly assume (beginning) traders are diving into shorting and spreads. They don't always think about traders who only want to buy calls and puts. + +To me it feels like aforementioned strategies are safest, even though many say selling covered calls or puts are less risky. Buying calls and puts has the risk of losing your invested money, but when you do some research and take position in options that feel positive in delivering profit that risk declines. + +My question is: what should an options trader that only buys calls and puts keep in mind specifically (besides the obvious IV, Greeks, etc.)? + +EDIT: thank you /u/Skatetronic! +What's with this $20 down swing that instantly happened? + +&#x200B; + +Want to edit this because it got a bit more comments than i expected. And thank you to all - i laughed, loved, and learned. + +I am not a newbie by any means and the post was a bit tongue in cheek however, like look at the graph today. at 10:45AM EST it was a massive sell-off. All i am asking if there was any ACTUAL correlative event that happened today. I'll admit i've not been following ETH news as closely as i used to but i know 2.0 is basically here or almost here and i don't know maybe a bunch of bets were placed on something i am unaware of specific to the 2.0 release that had some effect? + +It was nice to see it perform better over the past little bit, i will admit the super quick drop to 234(ish) just jumped out at me a bit. + +&#x200B; + +i appreciate all the answers, stay safe, positive, and keep telling me i'm adorable. (Its been so long...) +**edit: Government shutdowns are a somewhat regular occurrence and not usually catastrophic. However, this shutdown is certain to delay any government regulation of crypto in the US as well as delay any approval of derivative financial instruments. This article further speculates the possibility that distrust in government may inspire trust in decentralized currencies as an alternative** + +[History shows](http://fortune.com/2017/11/15/zimbabwe-mugabe-bitcoin-price/) that when anarchy breaks out, Bitcoin's value skyrockets. But does ETH's value jump? Will the government shutdown in the US be reflected in crypto prices? + +**TL;DR - ETH has not historically been used as a "safe haven" asset when anarchy breaks out. Bitcoin was the defacto "safe" crypto that Zimbabwe and Venezuela relied on in 2017. Based on that, a government shutdown is most likely to positively effect Bitcoin price if it affects crypto prices at all. ETH price is historically correlated to Bitcoin price and will likely track BTC price movements** +--------------------------------------------------- + +When economies become unstable, Bitcoin instability seems more palatable and Bitcoin becomes a substitute currency. Obviously, if a national currency might fall 90% in a year, Bitcoin's 30% tumble in a week seems pretty tolerable to that nation. We saw this in Venezuela and Zimbabwe in 2017. + +In the past, people looked to gold as a "safe haven" asset for when sh#t got cray. Most informed investors don't store value in gold for its stability (everyone has [seen the charts](http://www.macrotrends.net/1333/historical-gold-prices-100-year-chart) and knows its volatile). They stored value in it because of its supposed lack of correlation to other financial asset. The belief is that if modern markets fail, the USD crashes, banks meltdown and anarchy ensues, then gold will retain its value because gold has decentralized trust in it's value - proven by thousands of years of decentralized currency exchange. + +Similar to the anarchist value of gold, Bitcoin has value in anarchy. That's why it skyrocketed in price when financial anarchy broke out in Venezuela and Zimbabwe. But here's the thing: When utter hell breaks lose, you can't buy gold - gold became centralized when the central banks and exchanges became the only way to buy or sell gold. But if you can connect to the internet, you can buy Bitcoin. And so many Zimbabweans and Venezuelans did when all else was falling apart. + +You can see that the needed stability to be a good "store of value" isn't just about current price volatility, but rather, in an implied trust that somebody, somewhere will be willing to buy my Bitcoin's if I f*#cking need to sell them f%!king now. + +**Can ETH have the same anarchist value? I don't know. Historically, ETH isn't a currency of choice in times of chaos but it does tend track BTC price. In the future, it depends on Dapps. A Dapp network that supports Crypto Kitties doesn't seem too valuable when your own real cat just got blown to pieces by insurgents. Let's hope that 2018 brings smart contracts that we can rely on when we can't even rely on our own government** + + +Been married to my partner for 11 years, with one child. I’m happy for most of it, but it’s been rocky. In the last decade, she has attempted businesses without much success, had multiple jobs in which she was never happy or had productive growth, she seems to just not care about doing good work, she was twice let go from her role. In her current role, she prefers to quit, to take a break and find a job that she wants to pursue long term. I think she’s at a point of giving up her side business for good, since going into some debt. Which I think is a good decision, a business that isn’t worth the effort. + +After years of ups and downs, I don’t know what to do, continue supporting her with her needs, which is quitting her current day job during this rather down period and uncertainty in the job market. She wants to take a break and find a job where in an industry and product she would be passionate about. + +Any advice from those that reached FIRE that had spouses with lack of financial (and emotional) stability? I love her, she’s a good person and I’m trying to be supportive of her needs to take a break, but also feel like I haven’t done a good job setting expectations and consideration of family needs (paying expenses), doing what’s needed in the moment. + +[Edit] I’m on path to FIRE, and though this isn’t a specific investment/fund question, it is a principle and behavior that would impact long term FIRE success. + +[Edit] Thank you community for all your support. I did not expect this much response of diverse and thoughtful guidance. + +[Final Edit] Dear community, My closing comment unless there is another good suggestion that hasn’t already been shared. I appreciate all the input, here are the next steps we aligned together: 1) My partner to take an extended break from work in Jan. Step back to step ahead 2) Stop the side biz for good! Develop plan and double down on professional career for second half of 2023 3) Take professional counseling and read up books 4) Apply principle of "Opposite could be worse" - See the best in each other, accept shortcomings 5) Keep FIRE'ing away. Double down on career, continue growth mindset for higher earnings (and savings) +Like you all, I also make shit money and am struggling to get a job, and constantly envious of our first world friends making much much more at 20 haha, but oh well. :) Best advice ever given to me was, "If you want to make money, make American money" or other higher currencies. + + +**Let's share our progress and plans here. I'll start.** + +I'm a (pushing-) 24-year-old Malaysian living in a small city. Graduated a year ago with no stable job yet. No student debts thanks to sidejobs and frugal-living during college. Still learning about finance slowly since we severely lack resources to learn about these things. + + +**Current progress (if you can call it that)** + +I'm currently working as a substitute teacher, salary is about RM54 per day (~$12). The salary used to be RM100 (~$24) per day for my level of qualification (undergrad) but the previous government went into so much debt that every sub teacher got paid by highschool qualification, regardless of their real qualification. + +Since college, I also do freelance work, which pays anywhere between RM500 to RM2000 (~$120 to ~$470) per job. I usually get one job every one or two months.  Our country's financial condition is improving since the thieves are no longer in power but at 24, I think I should have more than RM5K in my savings. + + +**Spendings** + +I'm a rather frugal person, many of my clothes are years old (not rags though). Not really into gadgets, eating out etc. Only guarantee spendings are: + +Jiujitsu classes (~RM200 monthly) + +Guitar maintenance (RM100/- yearly) + +Books (RM150/- yearly) + +Steam sales (RM100/- yearly) + +Internet plans (RM50/- monthly) + +Other hobbies are mostly free (drawing, etc) + + +**Plans** + +I'm going to grad school this September, but one half of the motivation to do so is to be in the capital city to look for more job opportunities. The plan is to work while studying, improving my network and getting employment once I graduated. Getting into IT, specifically system design & instructional technology. + + +**Employment landscape (as far as I know)** + +Jobs are scarce in smaller cities, since our country is still developing & we are recovering from the mess made by the previous government. The people have always depended on the government to provide them jobs, this makes it common to view private companies as unsafe. IDC, I just want a job that pays well. For now I'll settle for anything RM1500/+ monthly (~$357). Low, yes, but for now... + + +**End-goals** + +First goal is to make a stable income by 28 (~RM3K monthly), then by 35 or so, to reach the limit of RM200K (~$48K) in a local investment plan that would net me ~RM15K (~$3.6K) interest per year. I'm hoping to reach financial independence by 40. Not necessarily retiring but stable enough to live frugally yet comfortably with minimum impact in case there's an economic shitstorm, getting laid off, etc. + +Will continue to learn about investments & making side money (rent, etc). Very open to move to better countries should the opportunity presents itself. + +**So...** + +Anything I can improve here? My plans are very pathetic but that's what I got so far. Been wanting to FIRE before knowing it's a thing. Or perhaps it's impossible by default for those unlucky enough to not be born in a developed country? + +What about you guys? +Unfortunately, it is not that easy as a Europoor and it takes a little more effort to transfer the shares to CS than a 3-minute phone call with Fidelity. Many of us are currently opening a CS account via the IBKR. + +Personally, I have now received confirmation from IBKR (it took 5 days) that this will work, but I have not yet received any account details from CS. It will certainly be another 2-3 weeks minimum before my GME shares are actually at CS, but expect our contribution from the other side of the Atlantic. + +It's your job that long, Americans. No financial advice. +I'm 27 and I graduated with an associates degree in may. + + +Still can't find work besides a merchandiser job that's under 40 hours a week and pays 13.50 an hour. Still live with my mom. Still hate myself. + + +Don't make enough to date, don't make enough to support myself, and now I get to listen to people whine about how hard their lives are when they make 6 figures while I work retail. + + +I see people with houses (something i'll never obtain) and fancy cars, the ability to see the world (i've never left this state) and I just feel anger and resentment. Sitting in my local spots listening to people talk about their trips to foriegn countries, events, conventions, their next big purchase, and i'm like, yeah I made 500 in two weeks, after "rent" (cause my mother takes pity on me) it's about 450, then 60 later in gas, so about 390. Wooo! So much to brag about! + + +I was so hopeful (something I never do) after a job interview last week. Only to have a horrible day at work and come home to an email declining. Which then I got more and more emails each day making excuses as to why I wasn't picked. (I never asked but okay?) + + +How do you not feel like a loser when you make so little and you can't even support yourself? +[https://www.sec.gov/news/press-release/2021-172](https://www.sec.gov/news/press-release/2021-172) + + + +**FOR IMMEDIATE RELEASE** +**2021-172** + +*Washington D.C., Sept. 1, 2021 —* + +The Securities and Exchange Commission announced today that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion through a global fraudulent and unregistered offering of investments into a program involving digital assets. + +According to the SEC's complaint, filed in the United States District Court for the Southern District of New York, from early 2017 through January 2018, Defendants conducted a fraudulent and unregistered offering and sale of securities in the form of investments in a "Lending Program" offered by BitConnect. The complaint alleges that, to induce investors to deposit funds into the purported Lending Program, Defendants falsely represented, among other things, that BitConnect would deploy its purportedly proprietary "volatility software trading bot" that, using investors' deposits, would generate exorbitantly high returns. However, the SEC alleges that instead of deploying investor funds for trading with the purported trading bot, defendants BitConnect and Kumbhani siphoned investors' funds off for their own benefit by transferring those funds to digital wallet addresses controlled by them, their top promoter in the U.S., defendant Glenn Arcaro, and others. The SEC's complaint further alleges that BitConnect and Kumbhani established a network of promoters around the world, and rewarded them for their promotional efforts and outreach by paying commissions, a substantial portion of which they concealed from investors. According to the complaint, among these promoters was Arcaro, the lead national promoter of BitConnect for the United States who used the website he created, Future Money, to lure investors into the Lending Program. + +"We allege that these defendants stole billions of dollars from retail investors around the world by exploiting their interest in digital assets," said Lara Shalov Mehraban, Associate Regional Director of SEC's New York Regional Office. "We will aggressively pursue and hold accountable those who engage in misconduct in the digital asset space." + +The SEC's complaint charges Defendants with violating the antifraud and registration provisions of the federal securities laws. The complaint seeks injunctive relief, disgorgement plus interest, and civil penalties. The SEC previously reached settlements with two of the five individuals it charged in a related action for promoting the BitConnect offering. In a parallel action, the Department of Justice today announced that Arcaro has pleaded guilty to criminal charges. + +**The SEC's investigation was conducted by Gwen Licardo of the SEC's Retail Strategy Task Force, Michael Baker and Pamela Sawhney of the SEC's Cyber Unit, and Jorge Tenreiro and Jordan Baker of the SEC's New York Regional Office. The case was supervised by John O. Enright, Ms. Mehraban and Kristina Littman, Chief of the Cyber Unit. The litigation is being conducted by Mark Sylvester, Richard Primoff, Ms. Licardo, Mr. Baker, and Ms. Sawhney. The Commission appreciates the assistance of the Cayman Islands Monetary Authority, the Hong Kong Securities and Futures Commission, the Monetary Authority of Singapore, the Ontario Securities Commission, the Romanian Financial Supervisory Authority, and the Thailand Securities and Exchange Commission.** + +The SEC's Office of Investor Education and Advocacy and Enforcement's Retail Strategy Task Force has issued an [Investor Alert on Digital Asset and Crypto Investment](https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/digital-asset). Investors can find additional information about digital asset and "crypto" investment schemes, including the warning signs of fraud, at [Investor.gov](https://www.investor.gov/). + +*More About This Topic* + +[Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites](https://www.investor.gov/additional-resources/news-alerts/investor-alerts/investor-alert-watch-out-fraudulent-digital-asset) + +[ICO - Howeycoins](https://www.investor.gov/howeycoins) + +\--------- + +&#x200B; + +Check out the bit in bold + +SEC is working with Cayman Island Authorties and many other authorities around the world. + +Hedgies. R. Fuk. +A few days ago, i (ironically) wrote, that the Shiba Devs really outdid themselves with copy-pasting the Uniswap code to create ShibSwap. + +I wanna apologize. They don't deserve this. + +They actually copied the code and made it worse, so they can **scam** people. They clearly put a lot of work into it! Kudos, dear ShibSwap devs. Get fucked. + +Source for the rant: + +[https://www.reddit.com/r/CryptoCurrency/comments/oetj6z/scam\_alert\_very\_concerned\_about\_the\_new\_shibswap/](https://www.reddit.com/r/CryptoCurrency/comments/oetj6z/scam_alert_very_concerned_about_the_new_shibswap/) + +[https://www.reddit.com/r/CryptoCurrency/comments/og69vh/shibaswap\_got\_analyzed\_and\_has\_got\_3\_in\_a\_safety/](https://www.reddit.com/r/CryptoCurrency/comments/og69vh/shibaswap_got_analyzed_and_has_got_3_in_a_safety/) + +[https://www.reddit.com/r/CryptoCurrency/comments/ofwnfz/shibaswap\_does\_not\_offer\_staking\_they\_are\_minting/](https://www.reddit.com/r/CryptoCurrency/comments/ofwnfz/shibaswap_does_not_offer_staking_they_are_minting/) +Since the Fed will be buying individual corporate bonds, certain companies that are at potential risk of default in the future should be safe (e.g., AAL). This should present an opportunity to short far dated, low-strike-price puts safely to capture the proceeds from the sale. + +From what I gather, the Fed has published a list of the companies that are in their program. I believe there is a list of company names vs. a criteria. Having the list of names to check against is more reassuring when executing on this strategy. + +Does anyone have the link to this list? Thanks in advance. +Had a great few days, sold 2 $70 puts last Friday (2/26) for exp 3/5 @ $10.00 each. Today bought both of them back for $1.60 each! + +Kind of a gamble with that volatility but with a breakeven of $60 I figured it was going to go how it went last time with GME where it stayed inflated for a few days at least. Anyone else make any GME plays? + +Edit: Stock price at time of sale was $126. +Someone once taught me that even if it's not a good one, it's better to have *a* plan than no plan. It wasn't in reference to trading, but I find it just as applicable. Having a set plan in place and sticking to it is one of the major steps a trader can take to improve not only his skills as a trader but also his P/L and consistency + +I've been meaning to write up a portfolio plan for the past couple days, and after seeing [this post](https://www.reddit.com/r/thetagang/comments/gglx68/how_do_you_build_your_thetagang_portfolio/), I was inspired to share it with you guys for two reasons. I'm still new to many aspects of trading and there's still a lot I have to learn, so I think feedback from some of the more experienced traders on here could help me out. But this also acts as a sort of template for newer traders so that they can see how a plan is set up. Mine is definitely not perfect, and yours could be a lot less or a lot more specific. This is simply *a* plan + +&#x200B; + +**Account Size: $25,000** + +&#x200B; + +**Portfolio Metrics** + +Theta: 100 - 250 (0.4% - 1%) + +Delta: -100 - 50 (-0.4% - 0.2%) + +Vega: > -250 (-1%) + +Annual Profit Target: 15% - 20% + +&#x200B; + +**Allocation** + +|VIX > 50|50% - 60%| +|:-|:-| +|30 < VIX < 50|40% - 50%| +|VIX < 30|30% - 40%| + +&#x200B; + +**Undefined Risk** + +Core of our portfolio + +75% of allocated capital + +\~$1,250 buying power per trade (\~5%) + +\~$250 credit per trade (\~20% ROC) + +Place trades in high IV with 30-45 DTE, mostly short strangles with some directional plays to hedge portfolio Deltas + +Manage winners at 50% of max profit + +Roll expirations to next month at 21 DTE (if possible for a credit) + +Use counter-management strategies to reduce losses and hedge Deltas + +&#x200B; + +**Defined Risk** + +Strategic diversification, Delta hedging, Vega hedging + +25% of allocated capital + +\~$250 buying power per trade (1%) + +\~$125 credit per trade (for most trades) + +Place short premium/Vega strategies in high IV with 30-45 DTE, mostly credit spreads and condors + +Place long Vega strategies in low IV with 30-45 DTE, mostly calendar and debit spreads, as a volatility hedge + +Manage winners at 50% of max profit (for most trades) + +Roll expirations to next month at 21 DTE (for most trades) + +Defined risk trades will be managed less aggressively on the losing side. Mostly just holding and rolling out + +&#x200B; + +**Low Vol Playbook** + +Reduce allocated capital + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Increase # of long Vega trades and long portfolio Vega + +Reduce Theta targets slightly + +Increase # of earnings trades as volatility starts to become scarce + +&#x200B; + +**Early Profit Playbook** (+10%) + +Reduce allocated capital significantly (up to half) + +Increase ratio of defined risk to undefined risk (up to 50/50) + +Reduce portfolio greeks slightly + +If the profits are lost, return to normal mechanics + +&#x200B; + +It should be noted that this setup has a pretty considerable amount of risk, this will just be used in a paper money account right now, and eventually someone else's money (hopefully). If I were trading an account this size of my own money, it might look slightly different +Started selling CSPs on PLTR starting 11/25/2020 and closed all my positions on 1/7/2021 and let a couple of them expire the next day. + +Closing price of PLTR was $29.05 on 11/25/2020. Closing price of PLTR was $25 on 01/07/2020. + +Netted approximately 11-12% returns for a 43 day period on what I considered a very safe bet given the high IV, somewhat of a floor for the company's value given its government business and meme status for the stock (aka I was ok to hold the stock if I got assigned). The position could have gone against me (and did). Was prepared for it and adjusted by rolling once into Jan 8 2021 expiry for credit and tax deferral to 2021 for the gains. + +Happy with the outcome overall compared to how I would have felt as a bag holder had I bought the stock or YOLO-ed calls like the WSB-ers. I anticipate headwinds for the stock in the next 45 days and not planning on selling anymore CSPs for a little while and see how far the stock drops (if at all). + +Figuring out what to run thetagang on in the meantime. Ideas welcome. + +https://preview.redd.it/5nznmtgazna61.png?width=1716&format=png&auto=webp&s=96a0e31e8e9bddaefe24230d8cf85ea4fa06b56e +Sales of new video game hardware fell 33% year over year. Looking ahead to Q3, the company expects same-store sales to be in a range from down 2% to ahead 1%. EPS is seen as $0.53-0.58. The company earned $0.27 in Q2. +I’m beginning to realise that a potential conflict with China, most likely over Taiwan or the South China Sea, is probably the biggest risk to the economy and markets (property & equities). There is an aspect of politics involved as it plays well politically to be “stick up to China” and also the military want additional funding so it sort of makes sense they talk up the threat. However something that I thought might always be a possibility, but decades away, might actually be closer than we expect! + +What do you think about the possibility? + +How do you think it would play out? + +What do you think the effects would be? + + +[SMH link](https://www.smh.com.au/politics/federal/conflict-with-china-a-high-likelihood-says-top-australian-general-20210503-p57ogv.html) +Fairly new to stock investing and considering adding a couple of REIT stocks to my portfolio. Any thoughts or prior knowledge on VICI and MPW would be greatly appreciated. Thanks. +I get that this is America, but there has to be something. I can't imagine that there's actually just ***nothing*** available to help someone in need. + +My teeth need fixed. ASAP. I'd settle for a checkup. I'd settle for a conversation with a guy that used to be a dentist 43 years ago that only filled one cavity in the war, before realizing he didn't want to be a dentist anymore. + +But I can't find ***anything.*** In order to qualify for any amount of help, it's going to be likely months. I have to submit a form to the IRS to get this, then another one to get that, then talk to this part of the government to get some temporary insurance card thing, or proof of denial of one. + +Then I have to apply to this clinic that doesn't answer any phone calls for a week, only to get back to me with the most basic information possible. + +All while not knowing if I'll end up qualifying at the end. It's enough to make someone suicidal. + +I need help. The problems that I have are almost certainly fixable. And if fixed, I won't have to lose my teeth. A cavity or two filled, maybe one tooth pulled. I just want to literally talk to a dentist. I've called every single dentist in two cities near me, and every charitable organization I can. + +What can I do to get my teeth fixed? Who do I call? I'm 100% willing to go on national TV and do a 24-hour propaganda piece for the dental office 3 days a week. Just tell me what I can do that doesn't cost money to get immediate dental help now, like in virtually every other 1st world country on the planet. + +There absolutely HAS to be a charitable org somewhere here that doesn't require 58 forms and 3 month waiting periods to see you in person. + +I get how obnoxious this post sounds, but it has literally driven me to the most intense depression I've ever felt. I can't deal with this anymore. +http://en.wikipedia.org/wiki/Comparison_of_free_credit_report_websites + +I do this regularly as a part of regular financial hygiene and still forget which site it is. Don't accidentally go to any of the gazillion other free credit sites and potentially lose your personal data in the process. + +EDIT: ITT Credit Karma's advertisement campaigns have been highly effective. +Hi! + +I've been lurking here for quite a while taking in all information I could and adapt it to my life/location. + +Occasionally, I stumble upon the phrase: I can't talk about this to my coworkers, so I am very curious why. Why is this such a big deal that it needs to be kept a secret? I get the point where you don't want to disclose numbers, this is obvious, but why not discuss the lifestyle and tactics used to advance on the FIRE path? +PayPal has just released Buy Now Pay Later. Are our Zip Afterpay and Sezzle tendies in danger? + +This is a big player that works with a lot of retail sites already. +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) Last ban length: 1,048,576 days + +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/2sQBNuM) +Corporate executives have this month bought shares in their companies at a rate not seen since the early days of the Covid-19 pandemic in what some Wall Street analysts said was an encouraging sign for the US stock market. + +&#x200B; + +Between the start of the month and May 24, insider buying at S&P 500 companies has been the strongest since March 2020, according to figures from VerityData. For the broader Russell 2000 index, there have been more insider buyers than sellers this month for the first time since March 2020, VerityData said. + +&#x200B; + +Despite retail investors pulling out of the stock market and the looming threat of a slowdown or recession, “corporate insiders are holding a non-consensus view across most sectors and \[are\] actively buying the dip”, analysts at JPMorgan said in a May 27 note, adding that the share purchases were encouraging for the direction of stock markets. + +[Line chart: Net insider buying](https://archive.ph/Xoram/8b7ad801524416a019e2e59407135fd8bb58963c.avif) + +&#x200B; + +US stocks snapped a seven week losing streak on Friday although the benchmark S&P 500 index is down 12.8 per cent so far this year. + +&#x200B; + +Strong insider buying “has historically been a pretty good sign of market bottoms”, said David Giroux, portfolio manager at T Rowe Price. + +&#x200B; + +“Insiders are saying ‘we don’t see a massive event coming’ . . . \[that\] these are really good buying opportunities,” he added. “This is just another confirming data point that should be positive for the market over six to 12 months if not longer.” + +&#x200B; + +Earlier this month Howard Schultz bought $15mn of Starbucks shares after returning as interim chief executive in March to the company he turned into a global coffee chain. It was the first insider stock buying at Starbucks since August 2018, VerityData said. Starbucks shares are down about 35 per cent so far this year. + +&#x200B; + +Vladimir Shmunis, co-founder and chief executive of RingCentral, a web-based app company that replaces landline phones, spent $1.2mn on his first stock purchase since the company went public in 2013. RingCentral has seen its share price plunge more than 60 per cent this year. + +&#x200B; + +Representatives from Starbucks and RingCentral did not respond to a request for comment. + +&#x200B; + +“There is certainly message sending \[with\] buying and some of it is performative,” said Ben Silverman, research director at VerityData. + +&#x200B; + +However, Silverman said that he would have expected “more intense buying right now”, especially at S&P 500 companies. + +&#x200B; + +“In March 2020, no one had any clue how the next two years would play out,” he said, adding that at the start of the pandemic “we saw a lot more \[buying\] conviction”. + +&#x200B; + +@Via [FT](https://www.ft.com/content/72442478-1759-4ac2-8d7c-bf0382997af9) (non-paywall link at [archive](https://archive.ph/Xoram)) +1 - Have a Max Loss (if my max loss is hit for the day then I shutdown my software and go to the gym, eat, walk, something else) + +2- have a max loss per trade as well. This doesn’t have to be just monetary. If I am wrong on a trade 2-3 times then I stop messing with that symbol. + +3- only enter near S / R. I only want to enter near support or resistance. IF I chase, then I am only going to size in max 1/3-1/4 size + +4- don’t cut because your scared, cut because your WRONG. (If my plan is shit, and stock hits my risk , aka the area where my thesis is wrong then I get out) + +5- take profits at key resistance or support areas. I like to size out in 1/3 or 1/4s + +6- Big Picture. I need to know what the big picture is so I can understand if I’m counter trend trading or trading with the trend. This helps me know how to size and how to risk. + +7- don’t jump into a stock that appears on radar 10 mins before open... I didn’t prep for that. + +8- float rotators means be extra careful. Play it more safe. Maybe down size a bit too. Pay more attention to small warning signs. + +9- don’t look at PnL (I sometimes won’t look at it for the entire week, and one quarter a entire month) this helps me stay on my A GAME. now sometimes I do look at it daily at end of day if I’m testing something out and curious. But never during day + +10- Looked at PnL. If I do look at it durin trading day then I cut my size down personally because I know it does effect me and how I trade. Either I don’t want to give back or don’t want to go further in red. + +11- know your weaknesses and PLAN accordingly (this is how I have my rules and how I stay consistent) + +12- track and review review REVIEW + +13- It’s 100% fine not to trade + +Cheers 🍻 +Just commented on a post of Burry's #GMESQUEEZE tweet^(1) about potential significance in in his screenshot and figured that I'd make a post for discussion in case some wrinkled apes have input. + +EDIT 3: Per suggestions I've reposted earlier in the day U.S. time, with some minor changes: [https://www.reddit.com/r/Superstonk/comments/po5o6e/could\_burrys\_gmesqueeze\_tweet\_have\_been\_hinting/](https://www.reddit.com/r/Superstonk/comments/po5o6e/could_burrys_gmesqueeze_tweet_have_been_hinting/) + +It seems like he was comparing GME share buyback amounts to volume traded on MLCO (Bank Of America - Merrill Lynch OTC)^(2) in late 2019. + +Looking at the similarities between MLCO Volume and Buyback Shares in Burry's screenshot as well as the share price decreasing by \~11.7% over 6 days (12/5-12/12) when 3 million shares were bought back, my speculative guess is that he could be pointing to Merrill Lynch likely either naked shorted or allowed MMs to naked short into the buyback orders to kill buying pressure and avoid being squeezed. On a side note, those 6 days spanned the 12/10/19 earnings. + +I haven't read the whole thing yet but below is some text from a 2018 Bloomberg article^(3) titled **Merrill Lynch's Secret Stock Deals**, which mentions identifying code "MLCO." + +>That is, instead of going to the stock exchange, or selling you the stock out of its own inventory, BAML would let Citadel or D.E. Shaw or Two Sigma or whoever sell you the stock out of their inventory. (But only if they wanted to: If they passed, the order would go to the stock exchange.) Again, if the stock was $10.00 at $10.01, Citadel or whoever would sell you the 100 shares at the offer (i.e. for $1,001), and BAML would charge you a commission. Your execution would look pretty much the same as it would if you went to the exchange, or if BAML filled your order directly. +> +>The only thing that would be different is the little code on the electronic report -- called a FIX Protocol message -- that you get back after you trade. If BAML went to the exchange the report would say what exchange it went to. **If BAML sold you the stock itself the report would say "MLCO" (the code for Merrill Lynch). If BAML went to Citadel or D.E. Shaw or whomever, the report would say CDRG or SHAW or whatever their code was.** +> +>**Unless BAML did this:** +> +>"In March 2008, after entering into the agreements with the ELPs, described above, BofAML's then-head of Global Equity Trading and then-head of electronic trading directed BofAML employees to alter FIX messages for BofAML client trades executed by ELPs, by replacing the codes which identified ELPs with a new code referencing BofAML. Pursuant to this direction, **BofAML employees re-programmed BofAML's internal trading systems to automatically remove the original codes which accurately reflected the ELP venues in Tag 76 (e.g., "CDRG" for Citadel," "SHAW" for D.E. Shaw, and "MADF" for Madoff) and insert a new identifying code ("MLCO") which inaccurately reflected the trading venue as BofAML.**" + +Footnotes + +1. [https://twitter.com/michaeljburry/status/1437461884593061889](https://twitter.com/michaeljburry/status/1437461884593061889) (deleted; see screenshot of tweet below.) +2. [https://www.iotafinance.com/en/Detail-view-MIC-code-MLCO.html](https://www.iotafinance.com/en/Detail-view-MIC-code-MLCO.html) +3. [https://www.bloomberg.com/opinion/articles/2018-03-26/merrill-lynch-s-secret-stock-deals](https://www.bloomberg.com/opinion/articles/2018-03-26/merrill-lynch-s-secret-stock-deals) + +&#x200B; + +[https:\/\/twitter.com\/BurryDeleted\/status\/1437482443448147970](https://preview.redd.it/b86iddv6gcn71.png?width=1124&format=png&auto=webp&s=27bfed4661e588bd5e719f7b23b56e0388db3a44) + +EDIT 1: Noticed that Burry has deleted the tweet; added a screenshot. + +EDIT 2: Changed some things around at the top of the post to make it easier to read. Also, if you haven't already then I recommend reading Burry's letters to GameStop's Board of Directors sent in 2019, months before his analysis shown in the screenshot: [https://www.sec.gov/Archives/edgar/data/0001649339/000090514820000491/efc20-335\_sc13d.htm](https://www.sec.gov/Archives/edgar/data/0001649339/000090514820000491/efc20-335_sc13d.htm) +Hi Everyone, + +In case you missed my first posts on my efforts of counting gme yolos they can be found here: [Part 1](https://www.reddit.com/r/wallstreetbets/comments/mdex64/dd_i_counted_all_the_wallstreetbets_gme_yolos/) [Part 2](https://www.reddit.com/r/wallstreetbets/comments/me13xm/dd_part_2_i_counted_all_the_wallstreetbets_gme/) + +To summarize I am manually recording every instance of people posting their positions. I have dedupped the data and interestingly the only instances of repeat users has been users increasing their positions. This could be because the type of the user to post their position is fully committed or if they do decrease their position they won't post. Either way pretty interesting. I am making some pretty stupid assumptions that of all the positions I have recorded no one has paper handed. Previously I had recorded 261 yolos holding 339,958 shares. + +**Updated Data:** Since then I have recorded an additional 212 positions for a total of **473** positions representing **576,433** shares. With current after hours share prices of $160.81 these shares represent **$92,696,190.73** or for those that can't read big numbers **92.7 million**. + +As I had mentioned in my previous posts I personally believe the [rule of 1%](https://en.wikipedia.org/wiki/1%25_rule_%28Internet_culture%29) on the internet applies to these yolo positions and for every position posted there are likely 10-100 that are silent. Just for fun if we apply the 1:9:90 ratio for content creator, upvoter and viewer. We can make a some what irresponsible estimates of silent whales : + +1:9= 4,257 Silent WSB Kongs with 5,187,897 shares. + +1:90= 42,570 Silent WSB Kongs with 51,878,970 shares. + +Either way retail owns a lot and can make an big impact by holding. + +**TDLR: Just 473 WSB Kongs hold 576,433 shares worth 92.7M** +As the title states my girlfriend discovered that her savings had about $12,000 drained out of between July 6th-8th. The charges were labeled as "Force pay debit". What I found extra odd about the situation is that we received a letter from her bank regarding a check written to the order of her for $3,500 that seems to have bounced and it had her signature forged on the back? This is what initially made her check the account. + +&#x200B; + +Her purse was stolen back in January including her ID and wallet, which is our best guess as to how they gained so much information on her. Her bank login history shows the person logged in as far back as a month ago. My initial thought was that the person used the information they gained from her to gain control of her account but they didn't seem to change the password. What other ways would a person be able to take this money from a savings account? + +&#x200B; + +She has called her bank but it is no longer in their hours so she will have to wait until the morning. + +&#x200B; + +Is there anything else we should be worried about or aware of? Is there a high chance of her getting the money back? I assume they somehow faked their identity using her stolen driver's license. + +Update: she filed a police report this morning and went to one of the local bank branches and just text me they said it was obviously fraud and should be getting reimbursed. They didn’t open an account in her name but were cashing checks against her. +Hi, I'm 18 years old, I grew up with financially irresponsible parents and due to that I did not grow up with a lot of freedom and privileges that other people had. Due to this, I don't want my kids or their kids to have to suffer the same way I did. I'm dedicating my life to creating generational wealth. I'm writing this post to see if you guys can help me along the path and guide me in the right direction. + +**My game plan** (help if you see any flaws) +So to do this I'm considering going to a technical college to learn a trade like welding until I can go to school again to be a contractor (makes $100,000 a year) either that or I want to get into sales. I'm still undecided. But I think right now the best thing would be get financial assistance (government Grants) to go to a technical college where I can work my way up the ladder in America. I'm already good at budgeting, allocating and saving 50% of my money. I've even learned a little about business, investing, and saving money these last few years. (I tend to experiment and test out things to make money). + +**End goal** +My overall end goal is to acquire multiple rental properties that net $15,000 a month positive cash flow so I can create generational wealth and full control over my life. Even if I don't get to enjoy it, at least my kids will. + +**What I'm doing now** +Currently Im finishing high school, undecided on college (really thinking of going for welding till I can save cash and move up, it's big around here and pays better than where I'm currently working). I currently work at taco Bell and am training to become a manager which will look good on future applications that I'll have manager experience. I'm also reading a book called "real estate investing for dummies" and I just finished "rich Dad poor Dad". + +*My main question is am I on the right path to creating generational wealth? I'm at a crossroads right now and can use some guidance. Thanks!* + +**Edit:** to all the people saying I need to "find myself" I already know who I am and what I want. *I want money, I want power, and I want stability* I don't have to enjoy what I do. I don't have to "love my job". I just have to make a ton of money so one day I won't have to work. Whether or not others agree with that is their problem + +**Edit 2:** yes I have taken 2 years of welding in high school +GameStop is now Live on Twitch with "The Last of Us" and only has 44 Viewers. GET IN THERE!! [https://www.twitch.tv/gamestop](https://www.twitch.tv/gamestop) Be nice, Have fun and chat with each other. So now I need the minimum of 250 words or characters, can't remember. I am just regarded. Honestly, GET IN THERE. Gamestop is now live on twitch. We need more viewers over there. This is a CALL OF DUTY!!! +I'm 28 years old with a very low pension fund (I studied for three years and travelled a fair bit, but have been settle for the last 3 years). + +I'm on track right now with a emergency fund, as well as using the LISA to save for my first property next year (roughly at ~£15,000 right now). + +I'm now looking to get my pension in order and wanted to know the best way to do it. My partner has a fantastic scheme where if she puts on 7% her company puts in 13%. I'm pleased for her, but obviously worried for myself. How do I manage to get a good pension with my employer who will only match 4%? I'm going to increase my contribution to 9% so that I save 13% a year, but is there anything else I can do? + +Is a private pension useful here, or is it best to increase contributions into my work one? + +Thanks +&#x200B; + +[DFV Arriving from the future sent back by R.C.](https://preview.redd.it/4szp0dqt4va71.png?width=449&format=png&auto=webp&s=378371c27a366b89a9e41aa741fccd79517341d3) + +Hey apes, I've been reading into ***FINRA's Regulatory Notice 21-24*** and I feel like there's a huge piece of the puzzle that people are glancing over. Happy to talk about any oversights or oversteps of my analysis to make sure this is spot on. + +Everyone keeps pointing to the impact on short sales, but this feels SO MUCH BIGGER than the short sale stuff. My interpretation is that this actually closes the loop on the married call/put issue, effectively neutering it, which is AMAZING NEWS for the apes. + +\--- + +**TLDR**: **The rule clarifications (effective immediately), if enforced (and that's a big IF) could lead directly to the end game, potentially getting the party started (assuming this is all enforced) at the most appropriate time: the start of MoonJam. The changes mean it will be physically impossible for the hedgies to kick the can down the road via** ***OTM*** **puts anymore due to the steep margin requirements to initiate a transaction.** + +[Hasta la vista baby.](https://preview.redd.it/h76gkb3n4va71.png?width=500&format=png&auto=webp&s=fff86a70cdac503900b24bb33597153af38b01a1) + +**---** + +Let's start at the beginning, which is actually the end. People keep getting stuck on $2,000, probably because the rules keep referencing it. Let's look at Endnote 1 though regarding what the initial margin requirement actually is on which they are offering a clarification: + +>Rule 4210(b) requires a customer to deposit margin in cash or securities, which shall be **at least the greater of**: (1) the amount specified in Regulation T, or Rules 400 through 406 of SEC Customer Margin Requirements for Security Futures, or Rules 41.42 through 41.49 under the Commodity Exchange Act (CEA); (2) the amount specified in paragraph (c) of Rule 4210 (the maintenance margin requirements); (3) **such greater amount as FINRA may from time to time require for specific securities**; or (4) **equity of at least $2,000** except that cash need not be deposited in excess of the cost of any security purchased (this equity and cost of purchase provision shall not apply to "when distributed" securities in a cash account). The minimum equity requirement for a "pattern day trader" is $25,000 pursuant to paragraph (f)(8)(B)(iv)a. of the rule. + +My interpretation (which is not financial advice...I'm just an ape who used to read/decipher financial legalese for a living but is still a smooth brain whose words should be taken with a grain of salt) is that $2,000 is the FLOOR, and the only "known" number used because everything else has some level of subjectivity or specificity. IMO, they keep using $2,000 in the clarification text because it's shorthand for "whichever value is highest of the 4 options." That's what we used to call "capturing the spirit of the text" back in my MBA program. My two primate cents. + +Let's explore option 3 though, and see if FINRA made any specific requests for margin requirements on particular securities. OH YEA, THEY DID: + +>**/021 Minimum Equity**\[Omitted 1-4\](5) **Even if the resulting equity is less than $2,000**, the minimum equity requirement **with respect to the sale of an option** in the account would be satisfied by the **deposit into the account or under an escrow agreement** (as defined in Rule 4210(f)(2)(A)(xiv)) of:(A) **cash sufficient to satisfy the customer’s payment obligation** upon the assignment of the options **if it is a put**; or(B) **fully paid securities sufficient to satisfy the customer’s delivery obligation** upon the assignment of the option **if it is a call**;\[Omitted (b) \] + +&#x200B; + +[I need your FTDs, your Shorts, and your OTM Puts.](https://preview.redd.it/eteas7406va71.png?width=584&format=png&auto=webp&s=84977758d37dff17db8d4baea809228f04e678ae) + +So now it looks like opening a put requires posting cash to satisfy a payment obligation and opening a call requires posting the fully paid security. THIS IS INSANE. THIS IS NOT $2,000...it is MUCH GREATER. What I think this means is that if they want to execute a married call/put option trick, they will be subject to both of these margin requirements on execution of the trade. + +If I understand the mechanics correctly (and I may not...please, wrinklier ones, chime in), that means that for a put they need to post the difference on trade execution between the current fair value and the strike price for the entire transaction - the potential loss. Going off of the $0.50 and $1.00 strike trades expiring this Friday, that accounts for 178,936 contracts that will need to be renewed to cover the FTDs and kick the can down the road. If they wanted to roll them, it would be roughly a $200 difference...that's like $3.6 BILLION. And that's not even touching the call...the call half of the trick would require the FULLY PAID SECURITY. + +Now say there was an expected event in the near future when a new call would need to be made \*cough cough 7/16 option expiration cough\*, in order to open a new call contract to cover up some FTDs, if my understanding is correct, they would need to post 17,893,600 fully paid shares of GME as collateral. THAT'S INSANE, and IMPOSSIBLE with all us diamond handed apes hodling our moon tickets. + +On top of this, there's this gem: + +>**/022 Effect of Market Value Decline Below $2,000 Equity**If the equity in a margin account falls below $2,000 because of a decline in the market value of the security positions in the account **and no new commitments are made**, no deposit or liquidation is necessary. **For the purpose of this Rule, a same-day substitution constitutes a new commitment**. + +https://preview.redd.it/7sbnge4m7va71.png?width=457&format=png&auto=webp&s=d78dcf5f2f4c3d429e7ad92ba03a021bdd699583 + +While it may look like hedgies are safe if their collateral value drops, that's ONLY if they make no new commitments, and it is specifically called out that a substitution, i.e. rolling options, counts as a new commitment. This precludes them from the no-deposit-and-no-liquidation clause. If they try to roll the 7/16 expiring options, they will not be safe. + +The fact that this is happening right before this massive OTM put expiration makes this giddy ape think the start of the MOASS is right around the corner. With the daily collateral checks, and options expiring at EOD Friday, this makes me think that the first check that would show an issue would be after one full trading day when these contracts have already expired. That would be Monday, meaning the check that counts would be...Tuesday. MoonJam Launch Day. Buckle Up. + +Sorry for adding the date, but hot damn...7/16 is already hyped enough, what's a little more hype, amirite? + +**Other TLDR for those who scroll first**: Hedgies are fuk beyond belief. If this rule is actually enforced, it would seem they cannot continue to carry out the married call/put option trick to kick the can down the road, and the FTDs will start piling up in the millions after the 7/16 option expiration. MusicStop. GameStop. + +&#x200B; + +[Buy and Hodl](https://preview.redd.it/jdnx33v86va71.png?width=487&format=png&auto=webp&s=360d9f6d57587ef8d236d7bb1688b6c83baa5faf) + +&#x200B; + +Bonus meme: + +https://preview.redd.it/29le71ebkva71.png?width=486&format=png&auto=webp&s=52d502fac0631742799b159995ff7a40f96b806e +I'm curious what everyone's algos look like in the following format (real-time usage, not backtesting stats): + + +**EXAMPLE** +Time running: 2 months + +Risk/Reward: 1:1 + +\# of Trades: 31 + +% Successful: 60% +What techniques are good to use to refine your strategies edge? Say you have a weakly winning strategy and want to make it better? + +What should be avoided to prevent overfitting? + +Something I've been using is to run a 1:1 risk reward ratio at different fixed stop losses:target ratios to evaluate entry quality. Although often I find tweaking the strategy based on observing a month of trades seems to make it worse. Any idea on exiting a local maxima of a strategy? +In 2022 I’ve contributed money to a government 457b (Roth and Traditional), maxed out a Roth IRA, and saved money in a Target Date Fund through Charles Schwab (not IRA). The target date fund I opened separately doesn’t seem like the smartest place to save my money. + +In 2023 I’m hoping to max my 457, a Roth IRA, and build up my emergency fund to 6 months. Is the best bet to save anything extra for other things like vacation/home/etc or keep contributing extra to the CS target date? Can the money in the target date stay there or is there a better place for it? + +I feel very anxious about never being able to retire and can hyper fixate on this. I am not over any income limits (that I’m aware of). + +TYA! +Hello: + +I have approximately $46k in an inherited IRA and am subject to the ten-year rule. I am trying to figure out the best investment strategy to minimize taxes and maximize returns on this sum. The money is currently with Schwab. + +I am 40, make about $65k annually and already have an adequate emergency fund and max out my Roth and HSA accounts annually. + +I am a local government employee and make pre-tax pension contributions, but am not subject to Social Security withholdings (though I have contributed to SS for most of my earning years, as I started this job in March). I have access to pre-tax 457 options, but they are high cost and not appealing to me. + +Looking forward to your insights. Thank you! +Hey everyone, + +So I just inherited $75,000 from a traditional IRA from a non-spouse. After a brief conversation with an accountant that offered free basic advice I now know that I have two options: + +1. Take a lump sum and access the cash right now but pay taxes on that money and increase my tax bracket. + +2. Transfer the money into an inherited IRA account and withdraw the money within 10 years. + +Here’s the catch: My wife and I are currently on one income ($65,000/year) because my wife is currently in nursing school for one more year before she graduates AND I’m trying to buy a house soon after she graduates. + +Because of these variables the accountant suggested that I cash out the inheritance in one lump sum and take the tax hit because having that money in the short-term to put towards a house payment combined with being on one income (which puts me in a lower tax bracket filing jointly) will be more appropriate to my situation than keeping the money in an IRA and hoping the market does well over the next year before taking it out to buy a house. The market could very well crash between now and then, leaving me with far less cash to purchase a home. + +An additional important detail is that I have another $75,000 sitting in an index fund that I was planning to cash out and use towards a down payment on a home. We’re looking to buy a home in the $300-$350k range. + +My question is should I just leave the $75,000 from the IRA alone to grow over the coming years and just use the $75,000 from the index fund as a down payment? Or would I be better served to take advantage of my one-income lower tax bracket situation and cash out the $75,000 from the inheritance (which will be $47,000 after taxes) and use that money together with the $75,000 from the index fund as a down payment? + +Interested I hear your opinions, thanks in advance! +It has to be said. Its common sense. There are thousands of coins. Scamcoin, losercoin, Shiba coin. All real coins btw. + +Yes there will be a couple coins that are very valuable in a couple years but the vast majority of them will be worthless. + +Only coins that do things will be valuable. Coins that you have that are just there to hopefully go up on value so you can profit will be worthless. + +Its like the dot com boom. You are betting on websites. Which website is going to get the most visitors. Most died. +I know its been asked before, but I haven't seen it in a bit. + +For those of you who have decided to fatFIRE (NW \~$10m) in the past 12mo, I'm curious on a few topics: + +1) Are you glad you did it when you did it? + +2) How does it / you feel? + +3) What are your biggest concerns? + +4) What's the plan for the remainder of your time? +Table 4.A. Capital ratios actual vs projected + +https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf + +Am i the only one thats noticing just how fucked GS and HSBC are under severe conditions in supplementary leverage ratio? + +Supplementary leverage ratio = regulatory capital / average assets+off balance sheet exposures. + +Isnt this even more whack now, vs 7 days ago, with the latest changes in HK? + +And they are going to both continue paying dividends??? +&#x200B; + +https://preview.redd.it/s7n6tfcno0e71.png?width=889&format=png&auto=webp&s=a9360c7e9b3b80f3e0210621384e7ff5a28cafbd + +Let me start this post off by saying that this is based on Technical Analysis only. + +The entire market is manipulated. TA itself is an amalgamation of mathematical intricacies based on the psychology of humans which is manipulated using algorithms trading at 1000ths of a second, but all trades are printed and are based on pure speculation which can be predicted and taken advantage of - which it is by bankers and PhDs working at hedge funds. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +I will go over the basics first. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/r6xp6e6zq0e71.png?width=1683&format=png&auto=webp&s=137a81eb73f4a6403253ff7f87005045cc83a20b) + +I use a logarithmic scale as I believe it to be more accurate, but this is preference. + +As we can see, we are in a gradual incline, moving up slowly overtime, making this a profitable investment long-term if you're a fundamental trader. + +[Trendlines](https://www.investopedia.com/terms/t/trendline.asp) are used to spot reversals. Since an uptrend makes higher lows, a trendline can be drawn along those higher lows. When the price drops below the trendline, that could indicate a trend reversal. Since we haven't yet seen a trend reversal, the stock is bullish based on this one indication. I must say that basing your analysis of a stock on a single indicator is a bad idea and should be avoided. + +&#x200B; + +[Daily Timeframe](https://preview.redd.it/bij9fb6ur0e71.png?width=1676&format=png&auto=webp&s=5ce0c47e5b1689a6242058a99daa8ecafcef2e14) + +We are currently within a descending channel which was temporarily broken on July 14th and saw a re-entry on July 19th. This move also indicated a higher low adjacent to the low of May 11th. This can be seen as a bullish reversal inflection point; *In the context of stock trading, an inflection point is* ***a game-changer in terms of how a particular stock or the market in general is moving***\*.\* + +Moving onto indicators. + +&#x200B; + +[Stochastic RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/05fwi9c7v0e71.png?width=1677&format=png&auto=webp&s=2402349e926e6ab858d266f2a4277738c3188616) + +Here we may be seeing more downwards pressure in the coming days, but this may also reverse as the sRSI did not complete its cycle into the overbought area. Meaning the downwards pressure may be temporary. Although, even if it isn't, any downwards pressure into the oversold area will be met with bullish divergence. *A bullish divergence occurs* ***when prices fall to a new low while an oscillator fails to reach a new low***\*. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.\* + +&#x200B; + +[MACD - Moving Average Convergence Divergence - Daily Timeframe](https://preview.redd.it/49wh7k1k01e71.png?width=1677&format=png&auto=webp&s=dedb549ff0d13f1b2bb064966ff72be2d9d28eb7) + +The stock recently had a bullish crossover of the MACD which can be a foreshadowing of bullish momentum. However, this has happened in the past. + +&#x200B; + +[MACD - April 27th - Daily Timeframe](https://preview.redd.it/jqrvs6ryv0e71.png?width=1673&format=png&auto=webp&s=0f3d373011ac85a2effc0cf2591069ef7662a80c) + +On April 27th, the MACD also had a bullish crossover, but this was met shortly afterwards with shorting which ultimately pushed it back into the red. We could be seeing this happening again, but it is not confirmed at the time of writing. It took the indicator 8 trading days to have a bullish crossover which caused the price to move up to $344. + +With these facts in mind, this indicator cannot be relied upon completely to assume future price predictions. We need more information to come to a conclusion. + +&#x200B; + +[RSI - Relative Strength Index - Daily Timeframe](https://preview.redd.it/7tyddpzuw0e71.png?width=1679&format=png&auto=webp&s=5d5009ca8e60f63b01eb45cfa03277ada89255f6) + +Now looking at the basic RSI, the last time the indicator was oversold (under 30) was February 26th 2020. Recently price almost entered oversold on July 14th 2021 before pushing back up. A concurrent theme here is that most indicators are showing an impending bullish divergence besides the **sRSI** which is showing temporary downwards pressure. + +&#x200B; + +[DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily TimeFrame](https://preview.redd.it/8325kquvy0e71.png?width=1679&format=png&auto=webp&s=3e9c9820f4722228ee829169aedd83bae8a30092) + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +When looking at the DMA, it can also be used to predict big movements in the stock where each bullish crossover was met with ***massive*** price swings. There is no doubt that we are about to witness something historical as the DMA is at the lowest point this year and is beginning to push upwards. + +**The DMA is at -32 (minus 32) which has never EVER been seen before in the entire history of GameStop. This is literally a spring ready to be released and when it does we can be absolutely certain that we will see something never seen before - the MOASS.** + +I am never usually this certain and always leave myself the benefit of the doubt, but I am 100% certain that we are about to see something incredible. This shit is about to fucking fly and there is nothing I can say that can even explain how big this will be. + +https://preview.redd.it/k30a2rn821e71.jpg?width=980&format=pjpg&auto=webp&s=751c57c42e6cd8cf87128a176c9d9d29fa921b20 + +**Moon is literally so close now. I am very certain. You've had months of preparation. Now it is closing in on a huge turnaround. I know many of you are fundamental analysts and subscribe to the DD, but I base my absolute opinion and decision making using technical analysis. The only DD that means anything to me is the MOASS.** + +**You had your chance to load up and tell your families & friends. The bell is about to be rang and the match consists of Rocky vs PeeWee Herman.** + +**Do you have the strength for what is about to happen?** +Looking at how the Canadian "majors" like Hut8 and Bitfarms are undervalued, I got to thinking about some of the more obscure miners that might be even more undervalued. I'd like to hear your thoughts on the following companies, and any other Canadian-listed companies I might have missed. + +FORT.V Fortress Technologies Inc. + +BKMT.V Blockmint Technologies Inc. + +GBLC.CN Graph Blockchain Inc. + +DGHI.V Digihost Technology Inc. + +NDA.V Neptune Digital Assets Corp. + [themarketherald.ca/datame...](https://themarketherald.ca/datametrex-reports-a-record-over-12-3-million-in-revenue-in-2020-up-264-from-2019-2021-05-03/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7cwebpart_news%7cquote_tab) +This is what Ronin's team looks like. + +[When you do all the work yourself](https://preview.redd.it/p3nvg65gucq81.jpg?width=700&format=pjpg&auto=webp&s=42c4954e96c09763242879b4007d705738955f00) + +Now there is almost $600m worth coins stolen from this shit show that the hacker will be looking to dump. While CEX have blacklisted the hacker's address already, nothing is stopping him from dumping all of it on DEX. He can play with the market though cashing out would seem difficult at this point. + +Even Tornado cash is not 100% fool proof, as the recent NFT rugpull bust by DOJ suggests.. In that case the rug pull scammers used tornado to wash their coins but still got caught. + +In this case it seems the hacker is already sending funds to CEX which means he is most likely KYCed or using fakes.. +Jumped into the deeper end of investing and cryptos this year after I got my feet back on the ground. Was always wary of watching YouTubers for their input especially if it is someone with 'those' kinds of thumbnails. I saw someone on this subreddit recommended Coin Bureau, then Guy recommended a few channels including Benjamin Cowen and Digital asset news, and these three have been my go-to channels now. + +Was watching his 'Bitcoin: powers of x2' this morning and in the last bit of it, he was talking about how he really likes the math when he dubiously speculates because his undergrad was in math, and his Ph.D. is in Nuclear engineering. He said it so casually and after months of watching this guy for shit and giggles, I never choked on my coffee. I never thought to look up his linkin page and yeah. You can google it yourself. Was a NASA undergraduate research assistant and taught NASA space camps during his undergrad. Cross-referenced this and yeah, we don't deserve this guy's free analysis. + +This guy is always so mellow, realistic, and conservative. He could have easily come onto Youtube calling himself Dr.Crypto and yelling, "I studied for NASA so we're going to the moon bois!" But Nah, the dude's chill with a cardboard desk and just likes math enough so he got a Ph.D. in it and offers us free T.A., and if we want we can pay for more, but no pressure. Gotta respect this guy. + + +Talk about your plays today or things you are on the lookout for. This is where you belong if your comment includes a ticker. + +*keep it civil please* +From the [WSJ](https://www.wsj.com/articles/uber-lyft-poised-to-lose-fight-against-california-bill-to-label-drivers-employees-11568069041?mod=hp_lead_pos6). + +> The bill already passed the State Assembly 59-15 and is expected to be voted on in the state Senate before the legislative session ends on Friday, possibly as soon as Monday night. + +... + +> The companies have argued the bill would introduce new costs and logistical challenges that would be bad for them and many of their employees, who prefer job flexibility. If the measure becomes law, it is expected to have national repercussions given California’s economic importance and history of creating precedent-setting business regulations. + +... +> Some gig-economy executives have also indicated they may challenge the bill in court if it becomes law. + + +It will be interesting to see this impacts Uber, Lyft, the drivers, and cost. +1. GameStop SEC filing stating they are aware that their shares were shorted and stated that short-sellers might be cornered into a short squeeze. This was a warning to short-sellers that if the situations aligned, a short squeeze will happen. +2. GameStop declared that they are planning to sell certain number of shares to raise capital. +3. GameStop declared that they are paying off their bonds early because they can't move forward or execute decisions without breaking clauses on the bond contract. +4. The company will have an Annual Shareholders Meeting in June. Votes need to be made, hence, shares need to be recalled (if shorted) to cast a vote. Record date for share ownership will fall in the last two weeks of April. +5. Banks boasted good earnings, only to sell bonds to raise cash. +6. u/DeepFuckingValue exercised his call options (+50k shares) and bought more 50k shares. He went all in and posted his **FINAL UPDATE** in reddit. He tweeted with a video recording and at the end of the clip showing himself on the latest price as of April 16. +7. Ryan Cohen posted a closed fist on twitter. (IMO, it looks like a deal was struck. A merger perhaps?) +8. GameStop acknowledges DFV tweet (the video clip) stating that the company thanks him for the support and ***expect changes soon***. The tweet was later on deleted (GME tweet) but many people took a screenshot of it. +9. New SEC Chairman sworn in on a Saturday and will start on Monday. He probably working day and night on the weekend. Specific SEC rules need to be approved and passed. +10. Certain bank's share price dropped by 60% on post-market trading. (check Edit-1) + +**Edit 1: (18 April 08:32 EST)** *For #10, kindly take it with a grain of salt as there are post that the drop in share price is not true. I am pointing this out because certain exchanges show otherwise. I will update this as soon as I obtain market data on Monday.* + +&#x200B; + +The company, GameStop, is aware that their shares are being shorted and short-sellers can be targeted to a short squeeze and the possibility is very high as what happened last January. Then they showed a good earnings report with extra cash to pay debt to show that they are doing good despite of falling share prices. In order to push forward to become a full blown e-commerce business, they needed cash and they are planning to raise capital buy selling a certain number of shares anytime as they see fit. GameStop still has debt to pay with bonds that mature in 2023, but they will pay it sooner than expected because they can't do certain actions without breaking the bond contract. + +But how will they pay their bonds when they needed cash for capital anyway? It's simple. Sell shares at a higher price. The higher the price, the lesser shares to sell. How to increase share price? "Short squeeze" 10-k filing remember? + +Everything fits. As June 2021 ASM in nearing, anyone who wants to cast a vote need to have his shares with him. If its shorted, it needs to be recalled. Any day next week is the ripe time to declare that shares need to be recorded to cast a vote. This will in turn cause a massive share recall that will make short sellers to cover because original owners need their shares. Buying at market price because most shares are synthetic anyways, will cause demand to rise and will push the price higher. The higher the price the better as GameStop can sell less number of shares to raise capital. The capital or cash will then be used to first pay the bonds earlier and the remainder to be used for future ventures. After bonds are paid, the company is free from the bond contract. They can issue dividends, they are acquire or merge with companies, etc., the future is endless. + +SEC is scrambling to make a containment plan for the MOASS. The atomic bomb is about to explode and they want to contain it so it does not bring the whole US Market with it. "*Let us appoint someone who has great experience with a financial crisis."* + +DFV. He believes about what the company can do in the future but he definitely sees the MOASS too. He posted the final update, showing that he is all in. No more updates from him because he is done being the north star. He has already proven enough to all of us since day one. 200k shares is the proof. And the best thing about him not updating anymore is that there is no exit strategy. I repeat, ***he is not updating anymore because he is all in and there is no exit strategy.*** + +&#x200B; + +>DFV: "OK im all in!" +> +>RC: "Got you back bud!" *\*fistbump\** +> +>GameStop: ~~"Thank you DFV for your support. Expect changes soon!"~~ *realised he talked too much then deleted the tweet.* + +&#x200B; + +*May everyone spend their tendies responsibly. Be a north star to someone and pay it forward. To the moon!* +To the people selling premium a question. + +When you say you are doing it full time or a lot of part time, do you sell a lot of contracts on 1 stock or do you sell a few on a lot of stocks? Please be specific on your numbers if possible. + +Do you ladder into positions? + +I trade a little but am having a hard time getting to scale bigger. That's the reason for my asking for specifics above. + +Thanks to all here. Lots of knowledge and people willing to share it. Really appreciated. +I hope you are all doing fine on this glorious weekend. + +While staying inside and looking at WallStreetBets is extremely enticing, I would just like to remind all BANG (BB, AMC, NOK, and GME) shareholders to remember to drink water, eat, go outside and get some sun, do some other stuff besides scrolling through reddit, sleep well, and to not sell and hold. + +This is the revolution of our time. Decades of oppression by big hedge funds, manipulating the market when they are wrong, taking advantage of the average investor... + +This all needs to stop. + +"If you're poor, just invest," they say. + +Well look at us now. + +🚀🚀🚀🚀🚀🚀 + +Edit: for those looking for a broker to trade: [https://www.reddit.com/r/stocks/comments/l8rhr3/weekend\_gme\_thread\_homework\_for\_all\_lets\_stop/](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) + +Edit 2: DON'T GET DISTRACTED, BUY GME OVER ALL THE OTHER STOCKS, BUT HOLD BB AMC AND NOK IF YOU DON'T HAVE ENOUGH MONEY TO BUY GME +I noticed my home on Zillow shows sold two years ago for nearly 2x my actual purchase price, I purchased my home 12 years ago. Yes, I checked the assessor's office, my name is still on the deed. Anyone else find a similar circumstance for their home on Zillow solds? Particularly, those of you in NH and AZ, possibly other states as well, would be an interesting sanity check. + +I did some research over my winter break. Found between my county and neighboring county over 50 Zillow sold listings that did not match the county assessor's records: transfer date/sales history. All these particular instances are shown by Zillow to have a more recent sale date and higher sale price than the parcel deed. In my opinion seems to be a deliberate scheme to present to the public an illusion of market activity/demand and set a base price for local market. I contacted my state's consumer protection office. + + Zillow is no longer a disinterested party aggregating data. Zillow joined the National Association of REALTORS in 2021, Zillow has employees on NAR’s Broker Engagement Committee, Leading Edge Committee, Business Issues Committee, Land Use Property Rights and Environment Committee, Fair Housing Policy Committee. Approximately 70% of real estate agents are REALTORS- members of the NAR, Zillow is a stakeholder in nearly every single residential real estate transaction in the USA. + +To clarify concerning my home, I have never refinanced, my mortgage never changed hands. My research focused entirely on ZILLOW SOLD data not Zestimate data. The Zillow Price History section states where the data is sourced, for my home ‘Public Record’ was the source. There is only one public record authority, the deed to the parcel shows the property transfer date and the Declaration of Consideration or Value section of the deed shows the price paid. It is that simple. An online search of your county assessors tax maps can quite often show the recent sales history, if not, a trip to the assessor’s office to look at the parcel deed will confirm the sales date and price. I went to the court house/assessor’s office to confirm the suspected parcel(s) sale price and date during my research. It took considerable time and effort to gather my data. +I can. The price is going to skyrocket. The time to Buy, HODL, and DRS is NOW. The day RC last bought in, on March 22, GameStop open to $23.85. Closed at $30.78. Increase of 29%. He has 30,000,000+ shares that he is able to buy still. It is also worth mentioning, GME has players like Carl Icahn thrown into the mix that could possibly turn up the buying pressure. This is not financial advice. +Earlier this hour, Steve Hanke, an economist at Johns Hopkins University, tweeted that he calculates Russian inflation to currently be at 69.4%, given the Ruble's 47.33% slide since January 1 of this year. + +We did it, boys. + +Source: [https://twitter.com/steve\_hanke/status/1498156978480295940](https://twitter.com/steve_hanke/status/1498156978480295940) + + +Edit: This post has now hit 6,969 upvotes. Nice +I have been saving for a house and I have a decent amount for a deposit (100k) im a boilermaker working 70hrs a week. I have no other debts but I don't think my current course is sustainable if I get a massive loan. so I thought maybe invest some of this deposit into either an engineering degree or a side bisness and slowly make it my main bisness and hope either of these paths will get me more comfortable for my future. + +For my side bis I'm aiming to do repairs and stainless steel fabrication + +For the degree I'd likely move up in my current company +Yeah it’s fun to all get together and hate on them, but they write their garbage such that if it spreads, even with hate and deep skepticism, it’s still getting eyes on it. This sub has been propogating MSM bullshit NON FUCKING STOP for the last couple of weeks. + +Stop it! Just stop! Yeah we see it, it’s easy to get together and outrage about, and that’s the point. Seems like y’all gotta be told this every month or so, so here it is. +Hi all, + +Thank you so much for such a large response. It seems that I can learn an eternity from all of you, so I thought there was no harm in painting the entire picture. As I mentioned before, I’m currently 22 - I’ve recently graduated university with a degree in commerce (accounting finance). I’m now working as a graduate full time at one of the big accounting firms. I got into selling sneakers when I was around 18 after returning from my gap year and since then I have profited around the $20,000 mark, by selling sneakers on the side whilst working and studying. Along with this however, I developed a gambling problem (which it took me some time to understand that it was a problem) - to which I’ve lost around $10,000 punting as well as a few thousand in the share market. Now I’m wanting to set myself up for success, so all my accounts have been excluded and I have been trying to stay away from the gambling side of things. What can I do to put myself in good stead mentally and financially over the next couples years that I’m sure will be quite formative for myself. Thank you all for taking the time to read and any advice is very much appreciated! +I'm helping my mother with her will. I'm sure she still has a few decades left, but it can't hurt to be prepared. Neither of us are sentimental people. She's made it very clear she doesn't want a funeral, or an expensive service. We're not religious, and all she wants is the cheapest, most affordable way to dispose of her body after she passes, so the smallest possible percentage of her assets are "wasted". + +It seems like burial and cremation are the only two choices, and cremation is usually slightly cheaper. Unfortunately where I live, cremation still costs ~$4,000 plus transportation, which is a significant chunk of my mother's assets. The cheapest burial service I could find charges $6,500. + +Is there some alternative to these absurd fees? Can I take my mother's body out on a boat (maybe to international waters?) and perform a "burial at sea"? Or bury her by my cabin? + +I am fine with paying for a death certificate. I understand the need for this. But I'm not OK with being legally obligated to pay thousands of dollars to a corrupt private industry that preys on the bereaved. + +Money is extremely tight and there's no way she can afford even basic life insurance, another industry which frankly seems like a huge scam. + +Thanks for the advice. +I’m 16 and have probably around $5,000 of my personal income I could put towards investing. But I’m wondering if it’s worth it? 5% off 5,000 is only $250 per year and I feel like I could make that much using it towards something else. Thanks! +What are your go-to dividend stocks that offer decent option volume and premiums? Looking for stocks that have a safe dividend but also routinely have option volume and premiums on the higher end. So far I’ve been doing INTC as I’m ok being “stuck” in it but looking for something with a bit higher premium on CCs +I’ve been seeing a lot of posts about some tweets that EVERYONE here knows are garbage. EVERYONE knows they’re “legally” correct. + +And they’re sliding the forum. + +I personally, believe that these were planted to pull from the perjury and slide away from the push for DRS. I believe in the job posts for pushing content. I think it is NO COINCIDENCE that those job posts were dated JUST as these TWEETS show up. + +This post is meta. This post will be downvoted. + +EDIT for Obligatory: Buy, DRS, HODL, and Hedgies are [redacted] 🚀🌕🧑‍🚀🔫🧑‍🚀🔫🦍 +I believe I did pretty well in the market this year. My networth increased ~65% since its lowest point in March, [~350k to 620k](https://imgur.com/a/3Vu6u2f). 20k from the car I bought in March. I rolled over a 401k and it messed up Mint's reporting, hence the spike from Jul -> Aug. + +I beat the [SP500 by 40%](https://imgur.com/a/adeDokD) in my YOLO account, my FAANG account went from [180->300](https://imgur.com/a/kBmBp1O) + +I did this by following some basic investing principles, buying and holding for the most part, being patient, and only investing in areas which I have expertise in. + +I did not buy into the TSLA hype, nor do I play options, nor do I play crypto. + +#High level advice: +========================================= + +I picked the 7 I agree with. + +1. Invest in what you know…and nothing more. +2. Never compromise on business quality +3. When you buy a stock, plan to hold it forever +4. Diversification can be dangerous +5. Most news is noise, not news (don't read articles about investing) +8. The best moves are usually boring (buy and hold) +10. Only listen to those you know and trust + +I firmly believe that anyone who follows those concepts, they will find success in investing. + +#General mindset: +================ +- Keep emotions out of the market +- Don't bother timing the market. Don't get ruled by FOMO. +- Understand that for some stocks, you can't really average cost down. You will have to stomach buying the stock at a higher entry point. My refusal to average up early on caused me to miss out on a lot of gains. +- Understand the difference between trading, investing, and gambling. +- Have an exit strategy (stop losses would have helped me a lot in March, I now learned from my expensive mistake) +- Be greedy-- not TOO greedy. If a stock pops 10%, I will sell half to lock in profits. It's super common to see a lot of companies pop and the next day dip a bit due to sell off. Perfect time to grab more on the dip. This is obviously impossible to time, which is why I only sell half. + +#Application: +================================================================== +I was very specific in the types of companies I would choose to invest in within tech. I decided to follow my strengths. As a data engineer, I'm very intimate with cloud technologies, and I think I generally have pretty sharp business acumen and good strategic direction. + +As a result, my day to day work had me using a ton of technologies in the cloud space. I've used Splunk, NewRelic, Twilio, AWS, GCP, Hortonworks/Cloudera, Oracle, Tableau, Datadog, Sendgrid (bought by Twilio), Dropbox/box, Slack, Salesforce, Marketo, Databricks, Snowflake, HP Vertica, just to name a few. I was familiar with CDN services like Fastly and Cloudflare because sometimes, I worked with the DevOps and IT guys. + +Based on industry hearsay, day to day work, eventually, I got a good "feel" of what technologies were widely adopted, easy to use, and had a good reputation in the industry. Similarly, I also got a feel for what tech were being considered 'dated' or not widely used (HP, Oracle, Cloudera, Dropbox, Box). + +I tend to shy away from companies that I don't understand. In the past, most times I've done that-- I got burned. My biggest losers this year was betting on $NAT and $JMNA (10k total loss). After learning from those mistakes, I decided to only focus on investing in companies that either I or my peers have intimate first hand experience with using. Because of this rationale, the majority of stocks in my portfolio are products which I believe in, I thoroughly enjoy using, and I would recommend to my friends, family, and colleagues. + +Post COVID, due to the shift to remote work and increase in online shopping I decided to double down on tech. I already knew that eCommerce was the next big thing. I made very early investments into SHOP and Amazon in 2017 for that reason. + +My hypothesis was that post-COVID, the shift on increased online activity, remote work, and eCommerce would mean that companies which build tools to support increased online activity should also increase. I decided to choose three sectors within tech to narrow down-- these were three sectors that I had a good understanding of, due to the nature of my work and personal habits. + +1. eCommerce + AdTech +2. IT/DevOps (increased online activity means higher need for infra) +3. FinTech (increased shopping activity means more transactions) + +These are the points I consider before I consider jumping into a stock: + +1. Do I feel good about using the company? Do I believe in the company's vision? +2. Where do I see this company in 5 years? 10 years? Do I see my potential children being around to use these companies? +3. What does YoY, QoQ growth look like for this company? +4. Is/Will this product be a core part of how businesses or people operate? +5. Who are their customers and target demographic? +6. (SaaS) Customer testimonials, white papers, case studies. If it's for a technology, I'm going to want to read a paper or use case. + +In March, I took what I believe to be an "educated gamble". When the market crashed, I liquefied most of my non tech assets and reinvested them into tech. Some of the holdings I already had, some holdings were newly purchased. + +*EDIT* ^^^ this isn't called timing the market you /r/wsb imbeciles. Timing the market would be trying to figure out when to PULL OUT during ATH and then buying the dip. I SOLD at the lowest point, and I with the cash I sold AT A LOSS, I reinvested that cash and doubled down into tech. If I sold in Feb, and bought back in March, that would be calling timing the market. What I am doing is called REINVESTING/REBALANCING... not timing the market. + +I have 50% of my networth in AMZN, MSFT, AAPL, GOOG, FB, NFLX, and the rest in individual securities/mutual funds. I have 3 shares of TSLA that I got in @1.5. + +Here are the non FAANGs I chose. + +1. $SQ. I had already been invested in SQ since 2016. I made several bad trades, holding when it first blew past 90 until I sold it at 70... bought in again last year at 60s, after noticing that more and more B&M stores were getting rid of their clunky POS systems and replacing it with Square's physical readers. After COVID, I noticed a lot of pop up vendors, restaurants doing take out. A Square reader made transactions very easy to make post-COVID. + +2. $ATVI. Call of Duty and Candy Crush print money for them. I've been a Blizzard fanboy since I was a kid, so I have to keep this just out of principle. + +3. $SHOP. They turned a profit this year, and I think there is still a lot more room to grow. It's become somewhat of a household name. I've met quite a few people who mentioned that they have a Shopify site set up to do their side hustle. I've tried the product myself, and can definitely attest that it's pretty easy to get an online shop up and running within a day. I 5.5xed my return here. + +4. $BIGC. I bought into this shortly after IPO. I'm very excited to see an American Shopify. BigC focuses on enterprise customers right now, and Shopify independent merchants, so I don't see them directly competing. I'm self aware this is essentially a gamble. I got in at 90, sold at 140, and added more in 120s. I def got lucky here... it's not common for IPOs to pop so suddenly. I honestly wasn't expecting it to pop so soon. + +5. $OKTA. Best in class SSO tool. Amazing tool that keeps tracks of all of my sign-ons at work. + +6. $DDOG. Great monitoring tool. Widely adopted and good recommendations throughout the industry. Always had a nice looking booth at GoogleNext. + +7. $ZM. Zoom was the only video conf tool at work which I had a good time using. Adoption had blown up pre-COVID already in the tech world, and post-COVID, they somehow became a noun. "Zoom parties" and "Zoom dates" somehow became a thing interwoven into peoples' day to day lives. + +8. $TWLO. Twilio sells APIs which allow applications to send messages like text, voice, and video chat. For example, when DoorDash sends you a text at 1 AM reminding you that your bad decision has arrived, that text is powered by Twilio. In March, New York announced that they were going to use Twilio to send SMS notifs for COVID contact tracing. + +10. $NET/$FSTY. These two two seem like the ones best poised for growth in the CDN space. This is based off of industry exposure and chatting with people who work in DevOps. + +11. $DOCU. people aren't going to office to sign stuff, super easy to use, I like their product. + +12. $WMT. eComm, streaming, and a very substantial engineering investment makes me think they have room to grow. Also I really need to diversify. + +13. $COST. When is the last time you heard someone say "Man I hate going to Costco and paying $1.50 for a hotdog and soda?" Diversification. Also cheap hotdogs. + +14. $NVDA/AMD. GPUs are the present and the future. Not only are they used for video games, but Machine Learning now uses GPU instead of CPU to do compute (Tensorflow for example). Crypto is still a thing as well, and there will always been a constant need for GPUs. + +Mutual funds/ETFs +1. $FSCSX. MF which focuses on FinTech. + +2. $VTSAX Pretty much moves with the SP500. + +3. $WCLD. Holdings include Salesforce, Workday, Zuora, Atlassian, Okta, New Relic, Fastly... + +Titanvest: +I was an early access user, and I was able to secure 0% fees for my accout. 36% gains so far. I like them, because their portfolio happens to include shares of tech giants that I either don't have individual stocks for or my stake is low (CRM, PPYL). It nicely complements my existing portfolio. + +#Some things I do that that are against the grain: + +- Not really diversified. 80% is in tech. They are in very different sectors of tech, but the truth is, when tech falls, all of these companies fall. I'm obviously long tech and I do not believe that tech will fall anytime soon. What about the dot com bubble? There wasn't a single dot com company that was integral in our lives. The internet was in its infancy then. Techonology is now such an interwoven part of our lives and I see companies like Apple, Amazon, Google to be sticking around for several generations. + +- I don't read investing articles. I think people who write articles about a stock all have ulterior motives-- to pump or to dump. Case in point-- Citron Research spent years writing articles telling people how SHOP was overvalued. Why did they do that? Because they were shorters at the time. I turned 5k into 27k, because I held on to most of my SHOP shares. + +- I don't take much value from balance sheets, other than net loss, income, YoY growth. Instead, I use my business acumen to try to pick up on info that isn't super apparent from Google. For example, one thing I always do is that I look at the career page to see how the business is growing. Increase on marketing/sales/implementation engineers is typically a solid sign that a company is preparing headcount to take new deals in the upcoming quarters. I look at the product road map, supported integrations, and customer base. + +One example was how I applied the above principle was to WalMart. In 2018 I noticed that I was getting targeted by a lot of Data engineering job listing for WalMartLabs-- WarMart's tech division. The role was to build out a big data pipeline to support their eCommerce platform. WalMart's online store released in Q3 of 2019. Post COVID, I used their online store and it was a seamless experience. They even offer a 5% cash back card like Amazon. They reported strong Q4 sales last year, and they did very well post COVID. Why did I choose to invest in $WMT? Because I believe that Wal-Mart has room to grow for their online platform. + +Lastly... remember that wealth isn't accrued over time. It takes years to build. The quickest way to increase your wealth is by investing in yourself-- your career and earning potential. The sooner my income increased, the quicker I had more capital to buy into stocks. + +Also, if you've gotten this far, the point of my post isn't to say that you should invest into tech. The message I'm trying to get across is-- when picking companies, pick companies in fields or verticals you have good knowledge in. Heed Buffet's advice to only pick companies you believe in and understand. Play to your strengths, don't mindless toss money based on one person's posts on Reddit-- always do your own due diligence. Use DD as a guide and use personal research and experience to drive your decision. +I want to get this off my chest because it's been a problem for a while and I've been pushing it to the back of my mind. + +My husband (30m) and I (24f) are looking at buying our first home. We live in a very expensive area (Seattle metro). Today we were looking at getting pre-qualified for a loan and my husband asked me what my total credit card debt was. I added it all up and it was $7165, not as much as some people but still a lot especially considering I got a debt consolidation loan last year for about the same amount and I've already managed to rack up that much again. Lately I've been avoiding looking at my banking apps because I know how bad it is. + +I've made some not great choices spending wise outside of just food, like traveling, name brand clothes and stuff, but all of that is something that has been easy for me to say "hey I just won't buy any of this stuff, or I won't travel" whereas the food is a daily expenditure. After taxes I make around $4500-$5000 per month, depends on how many hours I work. On days that I work I will often spend as much as $50 per day just on food and (non alcoholic) drinks, and sometimes more if I go out for dinner and drinks with my friends. Like expensive deli food, restaurant food, fresh fruits, energy drinks, etc. For a while my excuse to myself was "well I want to eat healthy so it's worth it to spend more" but it's gotten ridiculous and to be honest my choices aren't always that healthy anyway. + +The home buying process has been the wake up call I needed. My husband is a pretty frugal person and makes nearly all his purchases on his debit card. He makes a budget every month and adheres to it. He has expressed his concern to me about my spending multiple times and I know he's right. We got married last year and he's told to me that he feels very uneasy about my spending because we are a team now and want to have children. We haven't combined our finances yet. I've been brushing him off but I realize now I need to make a change. I should take a look at some of my other expenses too but food is a big one. I calculated it and I've been spending at least $1000 per month on food alone, probably more. + +We received a set of glass food containers as a gift for our wedding and they've just been sitting in a box on a shelf. I got them out today and I'm going to start meal prepping. I used to have a very low income when I first moved out on my own ($10 per hour and not always able to get 40 hours per week) so I know how to live cheap. I used to make nearly all my own food at home and brewed my own coffee because I literally couldn't afford not to. Over the years as my income has increased I've become very lazy when it comes to cooking. I'm done making excuses for myself. If you can relate to my situation I encourage you to take a look at yourself as well. +i'm 19 and i have zero debt. i currently am a waitor at a pretty nice restaurant. i make $30k/year which i feel like is a considerable amount for the little bills i have. i can potentially make up to $40k/year in my area serving. that is the highest that my friends make at nicer restaurants in the area. + +i pay about $800/month in expenses. $450 in rent and $350 in everything else from food to cell phone bill. i can save a fair amount of money right now, but i don't know how long it would take to save up 1 million at $30k-40k/year. + +should i go to college and try to get a higher paying job but come out with debt? or do you think i should grind in the industries that don't require higher education. if you could be 19 again what would you choose? + +all i know is when i'm 45 or 50 i want to be sitting on a beach working part time or not at all, and i have already started putting away as much money as i can. +I'm not fucking selling. I don't care if the squeeze is not gonna happen, the stock goes to fucking zero or even I'm the only one holding left. I'm not giving them the satisfaction. One day, the Sun will go dark, the Earth will be dust in the void, no Moon at all, and the only remnants of the human civilization will be my €GME shares floating in the nothing. Fuck you Wall Street. Holding to VALHALLA. +29Male here. Throwaway account for obvious reasons. Long time lurker. Just wanted to share my story with the group. Not a Tech Bro, or Bitcoin windfall, but have had a number of things go my way in terms of career progression/college. Feel free to ask on additional details if desired. + +Graduated in 2014. Decent GPA but science degree didn't yield many options/marketability in terms of job opportunities, like many I took a job I was completely overqualified for to get started. + +2014: First job Pay rate $12 per hour, annual comp (25K). During this time I was promoted 4 times in the first 13 Months. the first was after 2 Months, then again at 4, then at 7.5 then at 13. Definately wasnt happy/thrilled with where I started but kept pushing/learning/growing and this translated into strong career progression. Pay progression shown below: + +$12-15-18-21 (per hour) + +2015: 21 per hour annual \~49,000 + +2016: Wanted additional marketability and "job purpose/meaning" so applied to Master programs, got accepted. Then targeted a Job search around new employers that were known to have generous tuition reimbursement. Got a job offer for 55K base (60k total comp) with additional 10k per year tuition reimbursement. + +2017: Promotion. Offer was for 61K base, countered respectfully referencing data, offer was raised after management discussed with HR to 65K base (71K total comp) + +2018: Complete Masters degree. Promotion/job change to 71K base 78K total Comp. Company paid for 30K of 42K in masters degree cost. + +2019: Compensation was below data for role, respectfully asked for raise, was granted, increased to 78K base, 85K total comp. 4 months later someone in the elevated project role above me in the company left on a key program that I was on, this meant I was the sole/lead contact on this major program, Company promoted me into the role the person left on. Salary 81K total comp 89K. + +2020: Was not searching for a different job, was very happy with career progression, but was receiving headhunter messages on bout a bi-weekly or monthly basis. Participated in these for the interview experience. One of these ended up with very generous package (140K base and 190K total possible total Comp.) would have been a significant risk for me and total comp was not guaranteed, would have likely had lifestyle impact (negative). Accepted offer initially, but current company offered a counter, which I accepted. + +Countered salary (same company) 100k base 126K total Comp. + +2021: Promotion. 117K base, 147 total comp. + +During the period of time in question, lived pretty frugally, but not like a hermit. Ive had roommates almost the entire period of time in question. Along the way, I got married and my wife added 80k to our networth at the time. She is not currently working. We do not yet have kids. + +I always prioritized saving and investing first even when making 12 dollars an hour, but aside from keeping expenses low soo savings rate was high, I also kept pushing to drive more value for the organization and make sure these efforts were visible to the right people at the time. This has resulting in high savings rate \~80%, but also increasing income led to higher real dollars saved. I also self studied on investments and finanical independence (google,books and reddit,ect), and thats been a evolution/journey as Ive built to current knowledge/practices. From the begining I paid myself first, but a large shovel helps in the growth rate. The market returns are also an obvious benefit/luck. Ive also put in a lot of effort in terms of work hours, and also going to school while working. These efforts translated into the career growth. When I was promoted I would usually funnel most of the increase into savings and investments, but recently have allowed ourselves a little bit more flexibility on spending, I don't look as closely when grocery shopping anymore, and we enjoy good food/alcohol. I expect as the balance continues to grow we will continue to expand spending as we like nice things, but chose to go without during our 20's for most of our wants. + +We have seen an increase in the value of our home compared to when we bought it (\~130k). Part of this is due to the obvious current market explosion, and another portion is due to a lot of sweat equity in some major home improvements. the below networth progression was a bit slower in some periods to reflect Master degree costs and paying off car (car value not included in networth calculation). Clearly, biggest takeaway to me reflecting on this is that the earlier periods of time progress was slow, especially compared to now. My excel model told me this would be the case, but looking back its still striking just how different the pace is. My current excel model shows the acceleration will continue as networth increases and once wife is back to work in the next year or two. I expect to save/invest around 85k this year, with the remaining increase in networth coming from investment returns. I think this time next year we likely wont have crossed millionaire status, but will be around 900k, assuming a normal/average market year and not a market tanking year. Once my wife is working, we will likely increase our spending rate, but Im expecting we will be saving/investing over 100K once she is working again, atleast thats what I have in my model. I have an excel model/forcast where I have it showing my entire life in years (forcasting net worth) Ive used this file to play around with different scenarios to detemrine likely outcome spread in terms of networth with the various inputs. + +Networth over time (all are from mid year august): + +2014: 4,000 + +2015: 31,000- Investments, + +2016: 43,000- Investments, bought car, aggressive payments + +2017: 60,000- Investments/savings, paying off car, masters degree costs + +2018: 97,000- Investments/savings Masters degree costs + +2019: 375,000 (continued investments and joining of Wifes \~80K net worth). Bought house. + +2020: 467,000- additional savings/Investments. Home appreciation, investment returns. + +2021: 780,000.- additional savings/Investments. Home appreciation, investment returns. + +Just wanted to share, this group has been very inspiring to read/follow over the years, I've followed the sub almost my entire working journey, so just wanted to thank everyone for the good posts over the years and the inspiration to raise the bar on my financial goals. For those of you just starting out, look for all the ways to keep expenses low as possible, save/invest as much as you can, and look for ways to grow income, you will get to where you want to be with the right plan/mindset. +https://finance.yahoo.com/news/apple-tv-content-174144095.html + +“We think a big acquisition is on the horizon,” Ives said. + +On his list of acquisitions (in order); A24 Studio, Lionsgate, Viacom/CBS [CBS], Sony Pictures, MGM Studios, Netflix, and then a potential gaming publisher (that could be incorporated into Apple’s streaming service or a separate gaming subscription service) as a wild card. + +Ives says the upside to Apple and its investors remain high. + +“We continue to believe this is the star of the next chapter of growth,” Ives said. “The one thing that is missing is content and that’s why we do think organically they are going to significantly step up content.” +3 Years I devoted to the duty you charged me, + +3 Years I HODL'ed all my coins, + +And finally, when we could be together again... *I actually got 200% net profit on my initial investment :)* + +From $2200 in 2017 to $6600 in 2020... Did nothing but buying these coins and sleeping over them for 3 years, and now it's gains time. **Yay!** + +I don't know about you folks but in my Middle Eastern country marriage prices are high >!(You have to buy gold for the pride, ikr, earning Bitcoin money to buy gold with it, yikes)!<, and I think will get married soon with what I gained. + +It has been a nice ride boys, glad to be with you, to the Moon. + +**Edit:** I have received too many replies... Thank you all for the good wishes and awards. Yes I am not cashing everything out and will keep some of it for sure. +Dealing with BCBS Florida and they said, before I enrolled daughter for coverage, that they'd cover the NICU stay if my daughter came in via emergency. Her mother was admitted via ambulance, then some complications occurred and then forced us to deliver 2 months early. + +Now they're rejecting the hospital bill claim and saying I owe $395,000. I'm not sure how to handle this. I make an average salary, about $65,000 annually. + +Mathematically it doesn't seem possible for me to be able to pay this back on top of normal living expenses. + +My plan as of now is to try to appeal to the insurance company to tell them who I spoke with and I was told it would be covered. I can try to work with HR at work and see if they can force the insurance company to make an exception but I've worked with HR recently and they've been pretty awful regarding this. + +Do I have any legal recourse to take since BCBS told me it should be covered? Or is a chapter 13 bankruptcy my best option? Any help would be amazing. +Good morning PF Folks! + +I just wanted to remind everyone that most credit cards offer 'Price Protection' for purchases within a certain window. With all of the sales right now, you may quality for a credit! + +For example, I bought a wireless router from Amazon on 10/15/2016 for $128.95 and today it's on sale for $89.00 on Amazon. I called, submitted a claim, and within 7-10 business days they will review the case and hopefully I will get a credit for $40! + +You should be able to check your credit cards guide online (I googled the name of my credit card provider and 'price protection' to find out the details. Please make sure you read through your card holder agreement to make sure you qualify!!! + + +Have a good day! +[**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! + +# 🏴‍☠️ [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! + +# 🙋 ​[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/) +Virgin and Amazon are the only companies in history to have leaders to fly into outer space. The risk of death is real for both men. 1.4% of astronauts die during their flight, based on all data from the 1960s to present. + +* Challenger space shuttle explosion during flight, killing all 7 aboard +* Columbia space shuttle explosion on re-entry, killing all 7 aboard +* Apollo I caught fire on its launch pad, killing all 3 aboard. +* Soyuz 11 experienced explosive decompression in space, killing all 3 aboard. +"The SEC's complaint alleges that, since at least December 2019, Gallagher used his Twitter handle, u/AlexDelarge6553, to make thousands of tweets encouraging his numerous followers to buy stocks in which Gallagher had secretly amassed holdings. As alleged, Gallagher would then sell those stocks at inflated prices, while he continued to recommend others buy them —never disclosing that he was selling the stocks." + +[https://www.sec.gov/news/press-release/2021-214](https://www.sec.gov/news/press-release/2021-214) +Finding myself spending way too much time to pay a parking ticket or find a doctor that is covered by my insurance and other simple yet time consuming tasks. The other day I spent 3 hours trying to resolve a mistake my insurance company made and billed me $300 more. + +How do you manage these things as a high income earner? I defiantly lost time-value doing that insurance call but couldn't accept "just paying it" either. + +I was thinking of hiring someone to do this kind of work for me but I'm not sure where to start. What are the risks and is it even beneficial? +>https://www.governor.pa.gov/newsroom/governor-wolf-bipartisan-governors-urge-congress-to-pass-chips-act-to-create-american-jobs-boost-semiconductor-production/ + +So far the shortage has cost 2.2 Million vehicles. That could just be a tiny fraction if Taiwan has more serious future issues such as natural disasters or China invasion, which could cost businesses TRILLIONS in damages to companies such as: Ford (F) , General Motors (GM) , and Toyota (TM), Dell Technologies (DELL), Apple (AAPL), Google (GOOGL), AMD, NVDA, and many more. + + +>The group, which also includes the governors of auto-producing states like Alabama, said the shortage had cost automakers 2.2 million vehicles and affected 575,000 jobs in the industry. + +>The semiconductor funding passed the U.S. Senate earlier this year by 68-32 as part of the broader U.S. Innovation and Competition Act, or USICA. But it has not passed the House of Representatives. + + + +https://www.reuters.com/world/us/nine-governors-press-us-lawmakers-pass-semiconductor-funding-bill-2021-11-10/ + +Edit: this news has been censored and removed from: r/finance r/Economics r/StockMarket . Youve got to hope it isnt because their mods support Taiwan at the expense of the stability of the USA. +Good evening PF, + +Before I left work today I noticed an issue with my paycheck; very minor. My stat pay was my old wage, it hadn't been updated to my new wage. My regular pay was fine though. I brought this to my employers attention (small business, 2 employees + owner). I figured since I was already talking to him I might as well ask him why my YTD is no longer on my pay stub when it used to be. + +I asked him this and he became visibly agitated. He told me everything essential is on there. I told him that is fine, I was just wondering if there's a reason it was removed. He became angry. This turned into an argument where I just repeated the above question and he just avoided it. + +It wasn't a big deal at all. I honestly was just curious, I didn't even really care. Now I care. Now I want to know why he's being so shady about it. Am I wrong to be paranoid about this? Is there something shady he COULD be doing by hiding this information? + +I will update with photos of my old vs new pay stubs when I get home. + +EDIT: I live in Ontario if that makes a difference. + +EDIT2: After looking up my provincial laws for what is required to be put on a "Wage Statement" [on the Ontario Ministry of Labour website](https://www.labour.gov.on.ca/english/es/tools/esworkbook/payment.php) it is clear that there is no law saying YTD needs to be on there. The whole reaction is what is weird. + +What is required: + +* The pay period for which the wages are being paid; +* The employee’s wage rate (if one exists); +* The gross amount of wages – before taxes and other deductions – and how it was calculated (unless the employee is given the information in some other way, as in an employment contract); +* The amount and purpose of each wage deduction; +* Amounts deemed to have been paid to the employee because of room and board provisions (if applicable), and +* The net amount of wages. + +[Here is a picture of my pay stub with identifying information redacted](http://imgur.com/BJC0kQF). Notice my wage amounts in the bottom left of the pay stub. +So this has been an ongoing problem, but just now something crazy happened. + +I changed my debit card with my bank after it was used to buy $300 worth of postmates. +Since changing it 2 days ago, I have never used it, never attached it to any payment service, it’s never seen anyone else’s eyes. +But yet again, more money was taken out for postmates. +How is this possible?? + +Multiple cards keep getting information. Stolen, and I don’t know how. +This is getting very frustrating. + +Btw I have no kids, and just live with my dog. No way it’s at my house. +No way +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 was considering on buying a quadruple as a first home with my partner. Let’s say that our loan qualifies us to a SFR for $645,000. And we want to buy a quadruplex that’s selling for $1,000,000. Would my loan amount change if I decide to buy a quadruplex instead? Because the remaining units rent can be used to offset the mortgage? And also, do I get taxed on the rent I collect from the tenants, since that would be used to pay the mortgage? Sorry in advance everyone because I have no idea how this works.. +Hey Team, + +So recently one of our tenant occupied units was allegedly broken-into. We found out because our property manager hit us with a $250 repair to fix a kicked in door. However, no suspect was caught in the act, and the police report says that the tenant "refused processing" (assuming this means they refused investigation). This leads me to believe that it could have been a staged incident. Our property management company says we can't bill the tenant back for damaged caused by a burglary, but we really don't have solid proof that it was indeed a burglary. What is your opinion on how we should handle the situation? + +&#x200B; + +Thanks! +I recently hired a property management company to take care of managing my rental property since I have very little bandwidth. They sent me an estimate with over $4K worth of repairs, with "paint touch ups" both on exterior and interior costing almost $3K alone. For context this is a relatively newer home built in 2020 and tenants put in notice of non-renewal so I figured I'd save some time and let property management company take care of all the hassle. Other items like HVAC tune up, replacing lightbulbs, cost a few hundred here and there, which I can live with. I rejected the quote and asked them to let me know what are the absolute necessary repairs needed to make the property ready to rent to tenants, and exclude any cosmetic related items. + +I've never really dealt with property management companies before and was wondering if this is normal, or are they just upcharging me like crazy? $4K seems a little exorbitant. +Saw [this Twitter thread](https://mobile.twitter.com/Chacelounge/status/1373141806938923008) and was thinking, if they see the situation like this how can you ever build a relationship with your tenants? +Hi all. 3 or 4 of my friends and I are planning to each put in $50k and buy a rental property outright in the Tampa area. There is something alluring about a free-and-clear check coming every month (discounting the various fees, of course), but I feel that being completely unleveraged is perhaps too conservative as we start on this journey? + +&#x200B; + +Are there any thoughts as to the value of this idea? Alternatively, we could buy three or four properties with this money, but we'd all like to learn from our mistakes with a property that is already mostly/completely ours. My concern with buying only the one property, though, is that all my napkin math says we'll never come close to beating the market with this one investment. Should I be looking at this purchase as a hedge against the market - where most of my money is anyway? + +&#x200B; + +As to not wanting to lever, we don't want to be in a position that if things go south, we'll be on the hook for large mortgage payments every month (which only gets worse with 3 or 4 properties...). + +&#x200B; + +Finally, we are not concerned about going into business together; though none of us is rich, we can all fairly easily afford the 50k without panicking over decisions like it's our personal rent money. We'd rather lose the money than our friendships. + +&#x200B; + +Thanks in advance for any thoughts here! +Humble brag: just crossed the 500k$ net worth mark (excl. real estate) + +My wife and I map our net worth every quarter. We monitor investments a bit closer, but generally we like to make a state of the union every quarter. I work tech, she does biotech. + +We started monitoring at 40k on 1/1/2016. We moved from Europe to USA in 2018, and that was the best financial decision we made in our life. NW in 2018 before move was 120k, and we added roughly 400k$ in just two years. Sometimes I don’t believe the numbers, but numbers don’t lie. + +At the end of lasts quarter (March 30), we were down 50k$ for the quarter. This time around, we are up 120k$ for the quarter compared to March. Meaning up 70k$ for the year. + +In terms of allotment, 75k$ is in cash/savings, about 150k$ is in 401(k) (work allows 35k yearly additional Roth contributions and matches 50%) and 300k is in personal taxable stock account. Most if that is in ETF. + +On a side note, we still own our original real estate in Europe and are renting it out. We still need to pay 140k€ on a 188k€ mortgage, but at a interest rate of 0.98% we’re not really worried about it. Its not included in net worth calculations. + +No FATFIRE number yet, just enjoying the ride while it lasts. +I love nothing more than a good drive (or lap) in a proper driver's car. I've been driving my current car since 2013, and I love it, but part of me is itching to upgrade. But I'm hesitant. + +I grew up without much money, and in the last year my business has been doing well. I've maxed out my retirement accounts ($6k IRA, $56K solo-401K) and also auto-deposit $500 per week of VTSAX into a taxable account. + +Part of me knows that the responsible thing is to save more aggressively to accelerate accumulation and the compounding effect (I'm <30 so time is on my side). The other part of me says fuck it, life is too short to not drive something more exciting. I'm considering Toyota Supra (new, only because used aren't available yet) or Porsche Cayman (used). Alternatively, I could put a couple thousand into my current car to mod it more to my taste. + +When it comes to large purchases, I always force myself to take at least 30 days to wait it out and see if I still want it. I'm curious if anyone has any other self-imposed rules when considering large purchases - maybe limiting their purchase as a percentage of income or net worth or similar. I'm alternatively considering "rewarding" myself with a new car when I hit an arbitrary net worth milestone. Have you struggled with a similar decision? #firstworldproblems +So this week I just started trading options. Besides the fact that this week was just a shit week for the markets, I started the beginning of the week up some $800 from my first few trades, which in retrospect I realize was out of sheer dumb luck. But at the time I thought it was so easy. + +Later on this week I started getting stupider and recklessly buying weekly calls and puts left right and center hoping that if one of them struck big it would make up for any of my losses. Sometimes it would work ("work" as in get goddamn lucky) and I'd hit a big payout, but once Wednesday hit then I learned the hard lesson of time decay and volatile markets. The reality of what I did with REAL MONEY didn't hit me until I lost it, and now I realize that I have a full on gambling addiction. I have lost $2500 (of my 12k), and I have calls on $SPY about to expire next Wednesday like the idiot I am. + +The good news is I am young and the loss of money is not detrimental to my living or something. But what I *am* concerned with is the fact that in reflecting on this week I've realized that I lost all self-control--and I've never seen myself do that. I'm ashamed and kinda sad. As the week got worse I started getting **MORE** reckless, and I can't understand why. I used to think I had so much self control, and beginning this I "promised" myself I would only risk small amounts at a time such that I could learn about options and play low-risk strategies. + +I've already decided to just sell my calls on Monday and just take a month break from even touching this stuff. When I'm at work all I can think about are my stupid puts and calls, and I'd check it all the time to --I can't concentrate on my work. In retrospect I realize I was obviously getting a dopamine high from all this. + +You can call me a dumbass and laugh at my stupidity, and it would be rightly deserved. I already feel as shit as I can feel. I just wanted to vent and ask if people had any advice or similar experiences. For the people who have gambled away--because what I did was gambling --what did you do after your first shit-show? Did you continue even more? Make one final bet and stop? Wait a while and then come back with significantly more self-control? I want to come back with more self-control, but even now I can feel myself just wanting to deposit more and "make up for my losses". I'm sure that's the sign of an addiction--but can it be remedied, or is abstaining the only way? How have people recovered from this? I have this nagging feeling that the $2500 I lost from options can only be ***fixed*** by earning back $2500 through trading options.....I don't know how else to explain it...I regret it so much. + +EDIT: Thanks so much for the replies. I think at the time of writing this post I was very emotionally charged, so it may come across as if I am in some next level distress or something. I did have a bad day with my boss leaving and dumping a lot of work, so perhaps in combination with the week it may come across as though I've totally lost my shit. I am sleeping perfectly fine, am regularly exercising and all that. I appreciate all replies and am writing down what I have done, what I should not have done, and what I can do about my current situation to better myself. Love you all :) +So, my girlfriend and I are looking to buy a house soon (hopefully) and I have a question about the mortgage lending process. + +This is the first time I’m saying this to anyone, but I really f***ed up this last week and lost $5,000 gambling on sports. It is so uncharacteristic of me. I won $2,000 a few weeks ago. When I lost the first $1,000. I tried to win it back. I eventually found myself pigeon holed. I’m not happy with myself at all. But, not the time nor the place for that. So after losing ~$3,000 from my savings account. I’m now at $37,000. + +If we were to apply for a mortgage today, I know the lender will look at bank statements. Will we be rejected from the loan when they see my withdrawals to online sportsbooks? I’m starting to freak out about the situation. +A close relative of mine wants my bank routing number and account number to give me some money as a gift. I have received money from this person in the past but in the form of a check. Now they want to deposit it electronicaly because it's easier for them and more secure than sending a check in the mail. Obviously those numbers are on every check I write so I'm not too worried about giving them out. The problem is that their bank is going to make a couple of small deposits into my account. Then I'm suposed to tell my relative what the deposit amounts are. This leads me to beleive that my relatives bank is trying to verify the owner of the account, right? They are trying to verify that my relative is the owner of my account in other words. Won't this allow my relative to not only deposit money but withdrawl it as well? +Only 8% of large cap mutual funds were able to outperform the S&P 500 over a 15 year period. Billions are being made by the industry and they are providing little back to investors. Beware the "closet indexers" funds that are charging 1%+ but are basically giving you index performance. + +http://public.econ.duke.edu/~boller/Econ.471-571.S17/Indexes_Stock_Pickers_WSJ_041217.pdf +We recently found out that our 82 year old grandma is nearly 60k in debt. my dad had a huge fight with her because now he is trying to help her out of debt. she has like 13 credit cards with different places that are mostly maxed out, she still pays mortgage on her house and owes money on her car. my parents have been thinking about getting her to live with them because she is no longer able to care for herself properly and they are trying to get her to stop driving because she has come close to causing too many accidents. is it best if my parents help her out of debt? or would it be best if she just files for bankruptcy? PS. as her health has been deteriorating my parents will most likely be responsible to take care of her current and future finances. +Much of bull confidence comes from looking at China where they "have the virus beat" and re-opened factories. + +But look closer. The state is mandating workers go to work. What do they do on the weekend? What do they do after work? Check out the the driving data from TomTom for the last 7 days. Notice anything interesting about weekend data? + +https://www.tomtom.com/en_gb/traffic-index/beijing-traffic/ + +TL;DR: Nobody is doing shit in China without a gun to their head. V-shaped recovery is not going to happen. +People in the US are laughing. Everyone over there refinanced their mortgages for 30 years fixed at like 2%. + +What the hell happened in Australia and why don't we have 30 year fixed mortgages? +Money doesn't just grow on ~~trees~~ blockchains, not even *magic internet money*. And yet some defi applications are offering astronomical rates. For this post, I'll break down three common types of protocols and answer the following questions: *where's the money from? Is it sustainable? And what's the catch?* + +# Lending and Borrowing + +Examples; Aave, Anchor, Geist, Solend + +Typical rates: Less than 10% net + +**Where's the money from?** Similar to a bank, users deposit money into the protocol, which is then used by borrowers. To borrow money, users have to pay an interest rate and also deposit collateral into the protocol. The main source of revenue is sourced from the interest borrowers have to pay. Some protocols also stake the collateral that users deposit and earn extra income from that. + +**Is it sustainable?** Most lending rates aren't actually that high (2% to 20%) since they are usually balanced out by the borrowing rates at an equivalent rate. So the main question here is, *why are people lending/borrowing?* + +Beyond earning deposit fees, people lend because the majority of defi requires users to hold assets that they would otherwise not want to hold. If a user wanted to use defi while holding the assets that they prefer to hold like BTC and ETH, they would deposit their assets as collateral and borrow against it. + +People borrow because they can earn a yield higher than the rate they're paying to borrow. You could for example, borrow a stablecoin at a 10% borrow rate and then deposit the borrowed funds into a stablecoin liquidity pool that earns you 20%. You keep the extra 10%. + +**What's the catch?** If you're not borrowing, the rates are oftentimes very low and you're likely better off staking an asset than lending or even using Cefi. For example, the largest lending/borrowing dapps are Aave, Compound, or Cream and they only offer **<3%** for ETH whereas ETH Cefi rates are **\~6%**. + +If you are borrowing, there's no bank to hold your hand and no bailouts. If your collateral falls below a certain amount, the protocols deems you ineligible to pay off your loan and you get liquidated. This can happen if the market falls and you're not watching your funds. However, there are protocols that now allow for liquidity-free lending/borrow. + +# Liquidity Pools (LPs) + +Examples: Uniswap, Curve, Serum, Raydium, TraderJoe, SpookySwap, Quickswap + +Typical rates: 20% to 40% net (for stablecoins, BTC, and ETH) + +**Where's the money from?** When you use decentralize exchanges (dexes), there are liquidity provider fees that typically charge 0.25% of trades. The trading fee is the main source of income for LPs. + +**Is it sustainable?** At its current state, most LPs are not sustainable. While the demand for LPs like ETH-DAI is pretty straightforward, demand for LPs with, sometimes obscure, protocol or farm tokens are not as clear. Oftentimes, they rely on circular dependencies, ie *finance for the sake of finance.* + +As an example, let's take a look at how degen yield farming typically happens: + +1. Protocols offer a 1,000% rate for FARM-DAI LP providers +2. Higher rates mean higher inflation, which means the value of the FARM token tend to decrease +3. But the high rate creates demand for the FARM token as users have to buy FARM to join the LP +4. The high demand pumps the price of the FARM token and offsets the high inflation +5. But as the LP participants grow, the rates decrease +6. Lower rates cause lower demand, which means prices are no longer getting pumped +7. At some point, the farm reaches a stage where both prices and rates are going down +8. And when that happens, degens who are merely looking for quick money, tend to leave +9. More and more people leaving and selling the token causes the price to drop + +For most farms, specifically "degen farms", prices spike early making the LP seem more profitable than it actually is and then high inflation does its thing to prices slowly but surely fall. Most users enter and leave farms within 3 days to capture the parabolic price action and high rewards. + +Protocols can avoid this by providing a legitimate use case for the FARM token beyond just earning a high yield. For pure LP protocols, the use cases are typically governance, which is not very appealing for retail who couldn't care any less about how some protocols are governed. + +**What's the catch?** Even if the LP rates are very high, a drastic enough drop in price can offset the gains earned from the reward rate. This is especially true for users who were late and were not able to accumulate the rewards. This is why it's often recommended to look into the price action and avoid making decisions based off of rates alone. + +LPs, specifically low liquidity ones, are also especially vulnerable to whales who can often cause spikes–both in the upside, when buying, and the downside, when selling. And large spikes can cause a domino effect of mass selling and whoever is left holding the bag gets rekt. + +Beyond this, impermanent loss (IP) is the most obvious catch. Participating in LPs typically requires you to split your assets meaning you may be exposed to undesired price action. But there are several ways to avoid or mitigate IP such as participating in stablecoin LPs or LPs with relatively low volatility, ie BTC or ETH. In addition, there's a lot of work going into new protocols to limit the impact of impermanent loss. + +# Reserve Currencies + +Examples: Olympus DAO, Wonderland, KlimaDAO + +Typical rates: 6,000% to 8,000% (current) + +**Where's the money from?** Reserve currencies are brought at a premium that's worth several magnitudes (8-10x) more than the intrinsic value of the token. New tokens are minted at an extremely high rate and then distributed as a reward to stakers. A combination of selling at a high premium and minting at a high rate leads to the high APYs. + +But, similar to how LPs work, high distribution –> high inflation –> lower prices. At the same time, high rates –> high participation –> lower rates. The expectation is for both rewards to slowly decrease to a target rate of 1,000%. The goal is to accumulate long-term participants because long time horizons would ensure that staking rewards eventually offsets price action. + +**Is it sustainable?** Under the hood, the economics are designed similar to LPs. But LPs are often subject to the notion of *finance for the sake of finance* because the only product is often the high yields offered. Reserve currencies have a secondary revenue generating product: bonds, which are means for protocols to accumulate their own liquidity. So the question to be asked here is *why is there a demand for bonds?* + +Bonds allow for protocol-owned liquidity, seeking to address the aforementioned issues that often make LPs unsustainable. Instead of protocols renting liquidity to mercenary users who come and go looking for the highest yields, bonding allows protocols to own their own liquidity and provide a sense of stability. This reduces the need for protocols to constantly offer unsustainably high rates in order to incentivize users to participate in their LP. In addition, it allows protocols to earn their own LP fees, which can give them another source of revenue. + +**What's the catch?** LP protocols actually incur some costs in exchange for partnering with the bonding program of a reserve currency protocol. And while reserve protocols offer users with more incentives to become long-term participants, they can still always exit and sell the LPs. This may the case during volatile swings. + +On the user end, buying bonds usually isn't worth it primarily because reserve protocols typically requires users to wait a certain interval (3-7 days, etc.) while holding the LPs. This presents some risks because the LPs can drop in value and, thus, offset the discounts. Additionally, if users buy the reserve currency token directly, they can immediately maximize the staking yields, which are also often higher than the discounts. + +Overall, the long-term utility of the reserve protocol hinges on the demand for bonds. Most reserve currencies are still very new so only time will tell moving forward. Beyond questioning the bonds, reserve currencies are still vulnerable to bank runs, however these risks are designed to be mitigated with how the protocol works. + +&#x200B; + +I know this was a long post so kudos to anyone who managed to read all throughout. These are not the only types of protocols available in defi, there are tons more that are either stark variations or completely unique. I hope you all learned something! +Guten Tag to this global band of Apes! 👋🦍 + +Apes, this continues to be an exciting week in GME. Ryan Cohen is going directly at the leadership of BBBY, with a clear focus on highlighting their tactic of bleeding the profits of the company while allowing it to degrade - no doubt because that is exactly what the predatory Short Hedge Funds want them to do. When there is enormous personal profit to be made by driving the company into the ground, why would the BBBY executive team do anything else? Ryan Cohen sees them for what they are, and knows that the right kind of pressure can effect change - the kind of change that he helped bring to GME. + +Meanwhile, this is about the worst possible scenario for the institutional shorts. They are already hopelessly underwater on their bets against GME, requiring huge amounts of focus to keep under control and exist for another day. RC Ventures opened up a completely new front in the battle - they now cannot ignore the risk that he is able to influence enough change within Bed Bath and Beyond to put them in the same position as they are with GameStop. The SHFs are fucked two ways now. Ryan Cohen's Diamantenhände are an inspiration to us all. + +Today is Wednesday, March 9th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$103.94 / 95,43 €** *(volume: 1169)* +- 🟥 115 minutes in: $103.92 / 95,41 € *(volume: 956)* +- 🟥 110 minutes in: $103.95 / 95,44 € *(volume: 935)* +- 🟥 105 minutes in: $104.21 / 95,68 € *(volume: 933)* +- 🟩 100 minutes in: $104.64 / 96,08 € *(volume: 933)* +- 🟩 95 minutes in: $104.36 / 95,81 € *(volume: 907)* +- 🟥 90 minutes in: $103.53 / 95,06 € *(volume: 891)* +- 🟥 85 minutes in: $103.63 / 95,14 € *(volume: 891)* +- 🟥 80 minutes in: $103.77 / 95,27 € *(volume: 811)* +- 🟩 75 minutes in: $104.09 / 95,57 € *(volume: 793)* +- 🟥 70 minutes in: $104.03 / 95,52 € *(volume: 703)* +- 🟩 65 minutes in: $104.12 / 95,59 € *(volume: 702)* +- 🟩 60 minutes in: $103.95 / 95,44 € *(volume: 543)* +- 🟩 55 minutes in: $103.87 / 95,37 € *(volume: 530)* +- 🟩 50 minutes in: $103.78 / 95,28 € *(volume: 527)* +- 🟥 45 minutes in: $103.76 / 95,26 € *(volume: 512)* +- 🟥 40 minutes in: $103.81 / 95,31 € *(volume: 511)* +- 🟥 35 minutes in: $104.19 / 95,66 € *(volume: 481)* +- 🟩 30 minutes in: $104.23 / 95,69 € *(volume: 289)* +- 🟩 25 minutes in: $103.50 / 95,03 € *(volume: 106)* +- 🟩 20 minutes in: $103.41 / 94,94 € *(volume: 106)* +- 🟩 15 minutes in: $103.37 / 94,90 € *(volume: 88)* +- 🟩 10 minutes in: $103.33 / 94,87 € *(volume: 86)* +- 🟥 5 minutes in: $103.14 / 94,69 € *(volume: 77)* +- 🟩 0 minutes in: $103.25 / 94,79 € *(volume: 38)* +- 🟩 US close price: $103.01 / 94,57 € *($103.30 / 94,84 € 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 1.0892. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I just don’t understand why people (general public) are terrified of shares, but so keen on investment properties? Like even on a managed fund you’re gunna earn more than an investment property, without all the stress/costs that come with being a landlord. + +Please excuse the basic language, I have very little education, thus vernacular, when it comes to this stuff! +Until I jumped aboard this GME journey, I had generally lost faith in humanity. In an ever increasingly polarised world I became more and more disillusioned with our relationship with each other as people. This sub has changed things. Forever. I now know that all over the world that people can come together, irrespective of creed, colour, culture, language or religion, smooth or wrinkled to do what’s right to stop what’s wrong. + +Thank you all. +If gamestop issues an NFT dividend on the GME marketplace, the shorts wouldn't be able to claim a fictitious dollar amount( a cash in lieu price ).It would also be harder to claim in court that this was price manipulation, as they would technically have access to buy them( even if the cost is higher than current stock prices ). + +These were the two major issues with the Overstock nft dividend during the court trials : + +https://www.utahbusiness.com/overstock-digital-dividend-ruling-announced/ + +Furthermore they could not argue this was outside of GME's scope of business. It would probably be a slam dunk if they waited until they were profitable, as that is when most stocks pay dividends. Best part is it would cost substantially less than a traditional cash dividend ( minute gas fees only). + +Funny part is we the owners of the NFT would be able to set the ask amount, and looking around at the current marketplace you can see plenty of very very high prices 😅. + +Just hoping anyone has some advice. I’m a 40yr old husband and dad of two teenagers and believe it or not new to the crypto world. I have a small company and along with my family takes up all of my time. I’ve tried to learn about it as much as I can but my old school mentality just finds a lot of different content in so many different platforms that make me skeptical and not being able to trust what I see or hear and since crypto is so volatile fill me with more doubts ,I also don’t know personally anybody who knows about crypto to be able to ask questions to someone I’d know. Could anybody share any advice on where to start learning? A place where I could gradually understand concept like you would explain a 5yr old lol. I understand the risk and the volatility but I also see it as the future and would like to be able to not have to work until I’m dead to enjoy some years. +Bitcoin turned out to be an effective way for me to end my employment....hopefully forever. I began investing in Bitcoin in late 2014 after a dear friend shared a post about his experience buying Bitcoin on Google+. I had heard of it twice before that, but didn't enter the game. + +After he posted, an angel showed up in the comments....presumably one of the early successful investors. He offered anyone willing to participate a little donation, if they jumped through the hoops of getting a wallet and providing an address. He also happily answered some of our questions. I took the bait. + +It wasn't long before I felt the power of crypto and was unsatisfied with my donation level investment. I remember commenting in the post, I am going to experiment with $100...which makes me LOL today. Soon enough, I started schemin. $100 turned into $300, and $300 into over a $1000 by the end of 2014. Hooked I was, like any drug will do. + +Early 2015 saw me turn to raising funding through family/friends and creating a excel sheet to start keeping tabs. "There is this thing, you won't/can't understand, so you will just have to trust me," I said. Several more fish on the line, and more bank. I started sending out a weekly newsletter to keep these folks abreast of the ongoing sentiment and fund performance. + +Ofc, Jan. 15th came while I was sleeping, and it hurt a little. Not because the price fell, but because it capitulated and I was unable to fully appreciate it (I was full blown injecting the stuff already). + +Nonetheless, I started thinking a little more like a real investor, although I didn't believe in HODL. I still don't. I created this post. + +https://www.reddit.com/r/Bitcoin/comments/2sa1kt/if_there_are_even_1000_people_like_me/ (Fuck Uphold btw) + +I stuck to the plan and invested between 2-4% of every paycheck throughout 2015 and early 16. I also started taking a look at the next door neighbors, taking some elevated risks margin trading on POLO (which is dead to me now). That was a good success. + +Fast forward, I find myself liberated from corporate work life, with absolutely no debt, a healthy savings and enough play for the next big ride. I want to now actually contribute something of more consequence to the ecosystem and let others stand on my shoulders as I stood on those that came before me. + +EDIT: I forgot to mention that I helped spread the virus by seeding several people myself. All are hooked. I would say in all, 10-15 others are now "in the game" from my donations. So donations can work! + +EDIT 2: I don't want to offer specific advice here as this is just one story of success. Many got rekt being careless or being at the wrong place at the wrong time. Cycles can bring you up or tear you down. I was pretty lucky to start taking risks at the end of a bear market. Nonetheless, I have no confidence, not a single bitcoin, in traditional investments like stocks. And I am not an investor either. I like the action of trading and moving all over the place. My convictions only lie in being somewhere that feels new and refreshing. + +EDIT 3: Since I got enough downvotes, I thought it would be the honorable thing to do to delete all comments related to advising people to liquidate 401Ks for crypto. I don't really want to hand out that advice. That is just my personal preference. + +EDIT 4: Where did I say I was rich? Hahaha, people love to jump to conclusions. I am happy where I am and look forward to what the future holds in store for crypto. + +Cheers! + I wanted to show the performance (excluding dividends) of my IRA dividend portfolio compared to the S&P500 after a year during the worst crash in years. I am happy that it has remained positive. When you buy good companies that are on sale, they really can not go down much. + +My strategy is to start with Dividend Champions that have a good credit score, yield >3%, Chowder >12, and most importantly a great FastGraphs chart. I want companies with a great future. What matters to me is buying great companies when they are on sale and just waiting for them to get back in the game. So, I have been buying companies like BMO, SPG, MET, GD, ANTM, XOM, CVS when they went on sale. I only wish I had discovered the approach earlier in my life and saved myself a lot of worries. + +https://preview.redd.it/12kiksg662y81.png?width=1072&format=png&auto=webp&s=cdc9d95b1e316c265efd877e495cb79ba4eae1d8 + I wanted to show the performance (excluding dividends) of my IRA dividend portfolio compared to the S&P500 after a year during the worst crash in years. I am happy that it has remained positive. When you buy good companies that are on sale, they really can not go down much. + +My strategy is to start with Dividend Champions that have a good credit score, yield >3%, Chowder >12, and most importantly a great FastGraphs chart. I want companies with a great future. What matters to me is buying great companies when they are on sale and just waiting for them to get back in the game. So, I have been buying companies like BMO, SPG, MET, GD, ANTM, XOM, CVS when they went on sale. I only wish I had discovered the approach earlier in my life and saved myself a lot of worries. + +https://preview.redd.it/12kiksg662y81.png?width=1072&format=png&auto=webp&s=cdc9d95b1e316c265efd877e495cb79ba4eae1d8 +I fully and firmly believe in *buying on the dips*. It's like all my favorite investments are on sale. Buying on the dips lowers your average cost, so that whenever you do go to sell, you're either making more profit, or, you're not selling at a loss. + +So, buying on the dips is great. If you can do it. + +I can't. + +See, I generally keep my money fully invested, with only a few thousand in cash in my checking account for a nice buffer against immediate emergencies - car breaking down, pipes leaking, broken window, that sort of thing. So, I've got hundreds of thousands working for me at all times, but only about $5K sitting on the side. + +Boy, I sure would love to have an extra $30 or $75K to pump into stuff right now, lower my average cost. But I don't. I can put $50K into something like QYLD, or put $80K into JEPI, and get almost $500 in dividends per month. That's a lot to leave lying on the table. + +But I see people posting in this forum lately, "Just bought 1000 shares of this or that." + +**Does it make more sense to always be almost fully invested, like I am, or to leave a significant amount of money uninvested to take advantage of buying on the dips, like now?** +I should start off by saying that I am a dividend growth investor. I usually like investing in stocks where the risk vs. reward is appealing. In my opinion, Lockheed Martin fits into that category and is one of my largest positions. + +BASIC COMPANY INFORMATION + +Lockheed Martin is aerospace and defence company which provides very high-end military equipment. Aircraft is where they particularly shine with the F-35 accounting for about 30% of the company's revenue. + +The lion's share of the company's revenue comes the united states government. Most of all aircraft used by the air force comes from this one company. + +CEO INFORMATION + +Lockheed recently announced in 2020 a new CEO to run the company. His name is Jim Taiclet .While having several years of experience with Lockheed, his previous experience as CEO was not with another defense company. + +Most of his career was spent running the successful REIT known as American Tower (AMT). The company has been very successful both during and after his tenure. (Which is another great dividend growth company I might add). + +[https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/james-taiclet-joins-lockheed-martin-president-ceo.html](https://www.lockheedmartin.com/en-us/who-we-are/leadership-governance/james-taiclet-joins-lockheed-martin-president-ceo.html) + +DIVIDEND HISTORY/SAHRE BUYBACKS + +Quarterly Payout (At A Glance) 2020 - $2.60 2019 - $2.40 2018 - $2.20 2017 - $2.00 2016 - $1.82 2015 - $1.65 + +Dividend Yield = 2.68% + +Payout Ratio = \~40% (Very Safe) + +Let me start be saying that this company is EXTREMELY profitable. The company is currently on an 18 year consecutive dividend streak. Not to mention the company buys back BILLIONS of its own stock year in and year out. I fully expect this company to be a dividend aristocrat in a few years. + +The dividend yield is about double that of the S&P as of today and only has a Payout Ratio of about 40%. This means that not only does this company has a good yield while buying back stock, but this company can EASILY afford to maintain and RAISE the dividend over time dramatically. + +[https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/lockheed-ramps-dividend-8-3-114733950.html](https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/lockheed-ramps-dividend-8-3-114733950.html) + +[https://investors.lockheedmartin.com/stock-information/dividend-history](https://investors.lockheedmartin.com/stock-information/dividend-history) + +MERGERS & ACQUISITIONS + +The company has a long history of M&A activity and the most recent example of this Aerojet Rocketdyne (AJRD). This is yet another example of the company using its financial fortress of a balance sheet and exemplary cash flows to acquire other businesses. + +AJRD is a space and aeronautics company which could potentially extend more deals with NASA and the U.S. government. This was recently announced about six months ago in December 2020 and is likely to finalize in 2021. + +[https://news.lockheedmartin.com/2020-12-20-Lockheed-Martin-to-Acquire-Aerojet-Rocketdyne-Strengthening-Position-as-Leading-Provider-of-Technologies-to-Deter-Threats-and-Help-Secure-the-United-States-and-its-Allies](https://news.lockheedmartin.com/2020-12-20-Lockheed-Martin-to-Acquire-Aerojet-Rocketdyne-Strengthening-Position-as-Leading-Provider-of-Technologies-to-Deter-Threats-and-Help-Secure-the-United-States-and-its-Allies) + +FINANCIAL INFORMATION + +The company has incredible financials. The balance sheet is a financial fortress. The debt load is very controllable. Cash flows continue to pour in record numbers year after year and 2021 guidance issued by the company expects record revenue and record EPS for the year. + +The Biden administration just issued an increase in defense spending of about \~1% earlier this year. All the more reason for this company's financials to continue to stay healthy. Financials linked below.... + +[https://finance.yahoo.com/quote/LMT/balance-sheet/](https://finance.yahoo.com/quote/LMT/balance-sheet/) + +[https://finance.yahoo.com/quote/LMT/cash-flow?p=LMT](https://finance.yahoo.com/quote/LMT/cash-flow?p=LMT) + +[https://finance.yahoo.com/quote/LMT/financials?p=LMT](https://finance.yahoo.com/quote/LMT/financials?p=LMT) + +GROWTH STORY MOVING FORWARD + +LMT is expected to grow top-line revenue numbers 4.50% in 2021 and 3.70% in 2022. Earnings per share for the company in 2020 finished at $24.58. This is expected to grow to $26.68 in 2021 and $27.90 in 2022. + +Contracts are usually signed many years in advance. Revenues can be easily forcasted for the next several years due to the timelines of the contracts. Furthermore, innovation is not only encouraged, but expected by shareholders AND the united states military is order for our nation to maintain relevant in terms of weaponry. + +New age military equipment is usually pretty "hush-hush" on what is in the works but Lockheed Martin does disclose some of these new products including technologies such as new highly intelligent drones, missile systems, and even targeted lasers. + +One thing is for sure, the military will continue come out with bigger and badder weapons. Who will likely be selling it to them? Probably good ole LMT. + +Newer acquisitions such as the recent AJRD deal allows Lockheed to also focus on other products in the space category and is another wildcard with some potential. + +[https://finance.yahoo.com/quote/LMT/analysis?p=LMT](https://finance.yahoo.com/quote/LMT/analysis?p=LMT) + +COMPETITIVE ADVANTAGE/ BARRIER TO ENTRY + +If you were given 10 million dollars, and your goal was to create a globally recognized soda brand, could you get it done? Maybe. What about 10 million to create a social media platform? Also a maybe. But could you start a aeronautics and/or defence company with 10 million budget? Absolutely not. + +The regulations are incredibly strict. The demand for capital is VERY HIGH with projects frequently running into the billions of dollars. Switching from one business to another poses risks for the government and our military and are usually avoided. + +This makes the U.S. government very loyal and sticky to LMT business and this is very likely to continue. While there are competitors in the space....Lockheed continues to dominate this market. + +VALUATION (WHY IT'S A GREAT BUY IMO) + +As mentioned earlier, the company is expected to produce $27.90 in EPS in 2022. Based of of today's price of $390, this gives this company a forward PE ratio of \~13.9. This is an EXTREMELY low forward PE ratio for a company putting up record numbers and dominating the market that it operates in. + +This is even more impressive considering it's still off a fair amount from it's previous all time highs. I am very bullish and this is one of my largest positions. I am not remotely interested in selling. I am buying at these prices or really anything even close to these levels. I wouldn't sell a share if this company were to go to $800 a share tomorrow morning. + +[https://finance.yahoo.com/quote/LMT/analysis?p=LMT](https://finance.yahoo.com/quote/LMT/analysis?p=LMT) + +RISK FACTORS TO CONSIDER + +Almost all revenue comes from one customer (the government). It is steady and consistent but if the government were to fall out of love with Lockheed then this company would be negatively impacted. + +There aren't many who could take down LMTs throne but their main competitor is Boeing. Boeing has the capital and leverage to compete with Lockheed Martin long term. + +This company is susceptible to a number of different geopolitical risks. Conflicts with other countries could be both a Negative AND a positive for Lockheed. + +The current political climate is leaning harder and harder towards a more relaxed defence budget. + +THANKS FOR READING! COMMENT WHAT YOU THINK BELOW! +I fully and firmly believe in *buying on the dips*. It's like all my favorite investments are on sale. Buying on the dips lowers your average cost, so that whenever you do go to sell, you're either making more profit, or, you're not selling at a loss. + +So, buying on the dips is great. If you can do it. + +I can't. + +See, I generally keep my money fully invested, with only a few thousand in cash in my checking account for a nice buffer against immediate emergencies - car breaking down, pipes leaking, broken window, that sort of thing. So, I've got hundreds of thousands working for me at all times, but only about $5K sitting on the side. + +Boy, I sure would love to have an extra $30 or $75K to pump into stuff right now, lower my average cost. But I don't. I can put $50K into something like QYLD, or put $80K into JEPI, and get almost $500 in dividends per month. That's a lot to leave lying on the table. + +But I see people posting in this forum lately, "Just bought 1000 shares of this or that." + +**Does it make more sense to always be almost fully invested, like I am, or to leave a significant amount of money uninvested to take advantage of buying on the dips, like now?** +Woohoo! go XOM! go!!! + +The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on June 10, 2020 to shareholders of record of Common Stock at the close of business on May 13, 2020. + +**This second quarter dividend is at the same level as the dividend paid in the first quarter of 2020.** + +Through its dividends, the corporation has shared its success with its shareholders for more than 100 years. + +[https://research.tdameritrade.com/grid/public/research/stocks/news/article?dockey=100-120b8739-1](https://research.tdameritrade.com/grid/public/research/stocks/news/article?dockey=100-120b8739-1) +(IT guy views): + +Maybe, I don't have the full picture but it seems their products are only "put a cool UI and automate some data tasks". + +All the things I saw in their presentation are perfectly manageable if you hire proper IT people. We don't need UI to prepare data from different sources, link the data, run AI models etc. We can do it in days or weeks not years like they are trying to sell you. + +Maybe they will faciliate some tasks for companies without good sized or skilled IT teams, I dont' know... + +Their UI seems very interesting and well designed, I can give that. But I m sure we will be quicker with a simple linux terminal (joke) :) + +I see their products like "Channable" for data flow management but with all the AI hype (\*\*Channable is a small tool to prepare data to be sent to shopping marketplaces). + +Like I said, maybe I don't have the full picture based on their presentation and I don't know any figures related to their valuation etc. But for a pure technical point, I don't see anything in the core plateform that is a big whaooo effect (except their UI). + +If I need to think about a road : they maybe will be a 3d engine like Unreal Engine or Unity but for data linking, preparation, and IA models (the tool that groups up the techs in a simpler way).. but I have a doubt. + +Can be cool if someone has complete different views on that. +First, I want to thank many of you who have helped me realize the importance of having good credit (here in the US). This sub has taught me a lot, and a lot of the information I've read on this sub over the last year has really stuck with me. + + +To give some background, I grew up with my grandparents who didn't have a solid financial understanding, so I didn't understand the importance of credit at all growing up. Hell, I didn't even know what a credit score was until I turned 26. However, I understood the value of saving because growing up in a household with three siblings and two retired grandparents were not easy for them. So, I lived my life paying cash for everything. A trip to Vegas, cash. Christmas gifts, cash. Twenty-day Eurotrip? Cash, cash, cash. + + +At the age of 28, I met my current girlfriend who is six years my senior and much more successful - work and financially. As things got serious, we started talking about finances since I was always paying big purchases items with my debit card (which is fine), but she asked why don't I use credit for a few of these purchases to rack up points. I looked at her with the most confused face and asked what points are. Her eyes lit up, and she realized that I did not know how credit cards, scores, and the whole system. We downloaded one of those free credit motoring apps and checked my score. BAM! 450. She showed hers -- 820. + + +I felt embarrassed and knew I had to do something. She told me that she would help me better understand how it works and how to get started. We opened a secured card with $200 to get started. That was it. + + +Why was it a 450? Well, at the age of 19, I got a credit card in college and never paid my bill. It went to collections. Pretty obvious. + + +The first six months was a waiting game. Making purchases, paying the card off. I always maxed out the card, but still paid in full when the bill was due with auto pay. Around month 7, I get an email from the credit card company saying they will send back my $200 deposit, and now going from a secured card to unsecured. AWESOME! My limit was now $1000. My score went from 450 to 550. Now I'm checking my score on my app every other day. I know it's not going to change much from day-to-day, but I enjoyed staying on top of it. I slowly see it climb by being responsible for paying the card off IN FULL every month. + + +Having a better understanding of the system, I applied for a new card that's ideal for people who are rebuilding credit. Applied, fingers crossed, approved for a $3k credit limit! This is awesome! I go through my entire budget, switch bills I used to pay with cash to my credit cards, set up auto pay and done. + + +A year later, the excitement of checking all the time has worn off, but I went on just to see how things are doing a few months back. I check my score, and I'm at 720 with a 30k revolving limit. Thinking this was a mistake, I'm searching through the entire app until I see why. My GF added me as an authorized user on one of her cards that has a 26k limit with an 8-year history and paid in full on time every month. That was her gift to me for sticking with it. She trusts me enough to hold the card in case of an emergency. + + +But I want my own big boy card now even though I'm fine with what I have now. After a couple of months of doing reviews and prequalify checks (which I didn't pass), I bit the bullet and applied for the AMEX Gold Card. Approved! I'm sure there are better cards out there, but I thought this would be great for me. It was something I always wanted as a kid, and now I have it. All because of staying focused and a bit of luck. + + +So, that was my journey from 450 to 720. From only having a debit card to 4 credit cards. The habits I learned over the last year and a half will stick with me forever, and now I have a new goal to pass my GF's credit score. + + +Sorry for the long post. + + +Edits: grammar + +**Edit 2**: Thanks everyone for the support. I did want to address one more thing that has been coming up which was the boost I received from being added to one of my GF's credit cards as an authorized user. When I saw that my score was 720, there was also a notification that my score had jumped 77 points. So, with the combination of keeping my utilization low, paying my credit cards on time and in full, and with the benefit of acquiring her history, and high credit limit, I wouldn't say ALL 77 points were from her. Maybe +50 or so - which is still a lot. So my score (before being added) could have been 670. + +As I mentioned, it was a big boost to get me over the 700 mark. But again, this post was to explain my journey from 450 to 720 by using the resources I had available to me. Everyone's credit is different. I had one payment in collections I took care of, some of you may have 3 - 4, or 0. Some people may have people they can add as an authorized user that doesn't have a pristine credit history; some may not. + +Long story short, I wasn't in any financial trouble. I always managed my budget, saved, invested in what I could, and lived within my means. One of my financial goals this year was to work on my credit, which my GF and I discuss, and she helped -- the same way I would help her if she needed it. But it's important for everyone to know what you can and can not do when it comes to building your credit. I took advantage of all resources I had available. + +Thanks! + + +[LINK](http://www.reddit.com/r/personalfinance/comments/2uuioz/i_wanted_to_tell_someone_but_not_anyone_who_knows/) + +MNST holdings are now worth $650k, with another $396k in retirement funds + +EDIT: I am by no means suggesting people should dump $90k into a single stock. Just thought this thread was highly entertaining to see the insane result of such a decision. +[https://finance.yahoo.com/news/us-world-biggest-oil-producer-172500673.html](https://finance.yahoo.com/news/us-world-biggest-oil-producer-172500673.html) + + Oil prices are high, energy worries are roiling the global economy, and the cost of filling up the gas tank is fueling [one of the biggest economic shocks](https://moneywise.com/investing/alternative-investments/ways-to-hedge-against-high-inflation?utm_source=syn_oath_mon&utm_medium=B&utm_campaign=22638&utm_content=oath_mon_22638_one+of+the+biggest+economic+shocks) in U.S. history. + +Unfortunately for American drivers, it’s familiar territory in a country that simultaneously leads the world in oil production but is among the planet’s biggest oil importers. + +Gas prices have started to retreat, bringing small relief in the dead of the summer travel season. But those prices still hover at $4.16 per gallon nationally. + +Considering President Biden’s failure to win production increases from Saudi Arabia — along with the criticized decision to send 5 million barrels from reserves to Europe and Asia — attention is again turning to the frustrating paradox of America’s oil export/import status. + +At $70 or more for a tank, it can be frustrating to watch as domestic oil leaves U.S. ports faster than foreign oil comes in. But it’s a decades-old challenge, and only the nature of the crisis has changed. +So I know a guy who lives with his family, but his wife is a housewife and his son is unemployed past two years. He uses their income allowance 12500 for tax free, and registered them as self employed, he also got a brother he does the same with, and they all just do small tasks for him, and handle business when he go abroad to get more, it's like a family thing, but they hardly do much work is only now and again. He says that's how he only pays a few grand tax a year, and when he needs the money, he just asks them for it or swipes their card for spending. + +Obviously this is unfair, but he said why waste their allowances, is this a common tactic and why hasn't he been caught yet? +Please, I’m begging you…sort by “New” before posting. + +Everyone is aware that there’s a glitch regarding online users. You know how I know? Because more people are posting about it than how many users are “currently” online. Just, please sort by new. + +Thanks one other person online, I appreciate it. +(Using a throw away because I usually just lurk) +Well technically my family has been homeless since February of this year. We we're living with my Aunt up until last month but the problems with her husband(to say the least) put a strain on our relationship and she said we had to leave or we would be removed from her home. After that whole situation my siblings and I moved in with my Uncle while my mom and grandma moved into a motel. He said he couldn't take us all in and he just wanted to be left alone. Now he wants us to leave ASAP + +My family consists of myself, my mother,brother, sister,and my grandmother. We also have 3 adult cats. + +I work as a manager at McDonald's full-time and will be going to college part time to work on a Nursing degree. My sister is going be working as a reader for her english professor while finishing her AA for English. My mother is paid for in-home health care for my grandmother. My brother doesn't work and my grandmother receives SSI. + +We've been applying to any available rentals but we believe our grandmother has an eviction on her record that she won't admit to. And we're not sure how to get confirmation of this either. + +I'm ready to give in. We keep trying and trying but it's gotten us nowhere. Any advice would be great. + +Edit 1 : I'm feeling a bit overwhelmed at the moment and will check back in later this evening or tomorrow. I really appreciate the advice you've all given me so far. It's definitely comforting to have help and be given advice right now. Thank you ! + +Edit 2 : We live in San Joaquin County in Central California,US. If it helps to understand the situation. + +UPDATE - We'll be moving into a hotel tomorrow. The cheapest we could find will costs us $2,080 a month and we roughly earn $3,000. During this time we'll be trying to continue to add to our moving fund and work out my grandmother's record situation. Also my sister has decided it to be best if she went her own way and has an interview set up for a second job. She hasn't decided if she'll be living with us at the end of all this. We've also talked our brother into finally seeing a doctor and will be looking into applying for Disability. I'm going to continue working full-time while trying to manage college courses for my major. My sister and I are currently waiting for FAFSA and Pell Grant to kick in to buy is some time if needed. + +I'll be working for the next 8 days straight but will definitely keep thinking about and researching everything I've been told by you all. Honestly I am so grateful that you've all shown me and my family sympathy and offered helpful advice despite being a complete stranger. My own family has not been so kind. Thank you !!! +I keep seeing lots of optimistic posts about how our opposition is losing control. I thought it might be worthwhile to remind you what they're betting, because as much as we might want to write them off as stupid, they're not. + + +They think you're poor. + + +They've been dragging this out for a year thinking you'd get impatient, and lose interest. That you'd get into a car accident, or have a medical emergency that forces you to sell. Cause these fuckers know what it means to have a chip advantage in poker. They can sit there, and ante up, and wait for the right hand to come to them, then clean out everyone at the table. + + +They're looking at you thinking, *they only have enough to bet on one hand. If I can get them to fold, I take everything they've got.* + + +They're thinking that soon enough, you'll be back in your life of indentured servitude, fighting to pay off college debt you'll never be able to discharge, while they sip drinks on a beach and tell stories to each other about the time they ripped your face off. + + +They think you don't have the patience to see this thing through. That one of these deadlines passing means you're going to give up and just go back to toiling for the rest of your life to hold up the society they leech off of. + + +Here's what they don't know about you. + + +They don't know what it's like to work your ass off at a job that doesn't pay enough to survive, because you don't have a choice. They don't know what it's like to have to take out loans to afford the car you need to keep your job, and then when it dies, you can't afford to fix it, AND you can't afford not to. They don't know what it's like to have to tell your kids that Santa can only bring them one gift this year, and then the look on their face when you say that the one thing they asked for might not fit in your shitty apartment. They don't know what it's like to be told they're just going to have to bear the brunt of a once in a lifetime economic collapse three times before the age of 40, and then have people in the news call them lazy, and blame them for the collapse of every luxury industry you can't afford. + + +They don't know why you hold. They don't know why you won't just fucking fold this hand already. They don't know why you'll go without, and wait, forever if you have to. + + +They don't know what it's like to have a once in a lifetime opportunity, because their whole lives have been one opportunity after another, predicated upon a structure of society that works great, so long as they're the ones sitting in the box seats. + + +What they fear is a world where they're in your shoes. And the best part is, they don't have any fucking IDEA what your life is like, being the people CREATING the value they fucking TAKE. Having to MAKE ends meet. Having to kiss the ass of a boss who couldn't find his way out of a wet paper bag, just to get a paycheck that doesn't stretch far enough. + + +But here's the thing: They can't wriggle out of this trap. If they change the rules and steal from all of us, then entire generations around the globe will never invest in the stock market again. They don't just lose this bet, they lose the fucking CASINO. + + +So here we sit at the table, patiently. Waiting for someone to call the hand on these fuckers, as they bribe everyone in sight to let it drag out, hoping we all have to get back to our jobs and lives and debts and save them, while they're trapped with their hands in the fucking cookie jar. + + +Buy. Hodl. DRS. Play options if you want to, it's your fucking money. + + +But don't let these motherfuckers out before we take everything they've got, and they learn what it was like from our side of the table this whole time. +So more orders shipped from WF stores via Amazon trucks, less reliance on UPS/FDX +_________________ + + +https://www.bloomberg.com/news/articles/2018-03-22/amazon-seeks-larger-whole-foods-stores-to-support-delivery-plans + +The world’s largest online retailer is searching for bigger Whole Foods locations in cities that can serve as both grocery stores and urban distribution centers for delivering goods to online shoppers more quickly, said a person briefed on the plans. Amazon is seeking more retail space that can accommodate grocery aisles and storage for the most popular items purchased from Amazon’s website, like consumer electronics, bestselling books and yoga pants. + +Whole Foods is also working with Regency Centers Corp., one of its largest landlords, on a project to convert parking areas at existing stores into stalls for Amazon delivery contractors to load up their orders, said the person, who asked not to be identified because the initiative is private. A spokeswoman for Whole Foods declined to comment, and Amazon didn’t respond to requests for comment. +I've been thinking about what my ethical opinion is regarding mining profits and taxation, particularly in the USA. + +My understanding is that the current tax law requires you to pay income tax on any crypto you earn via mining, at the current exchange rate at the time of earning the crypto. I kind of think that's bullshit. + +If you grow a carrot in your backyard, the IRS doesn't make you pay tax on that carrot based on the current market value of a carrot. It's not until you take that carrot to the farmer's market and sell it, (thus, converting it into US currency), that you have earned taxable income. + +If I use my own 'backyard' (ie, the computer hardware), and pay for the 'water' (electricity) to grow the carrot (mining rewards), then just hang on to the carrot, why am I being taxed on the carrot? When have I participated in the US economy besides buying the computer equipment (that I paid sales tax on), and paying for my electricity bill? + +When you buy a stock, if the price goes up, you don't pay capital gains tax on the current value of the stock at any given moment. You pay capital gains tax *after you sell the stock*. You haven't actually 'made money' until you've converted that stock *back into money.* + +This seems really obvious to me, but I might be missing some of the finer points. For example, crypto is in fact a currency, and not a stock, but at least in my 'mine and hold' strategy, I'm certainly treating it as a stock. +Over the past few years my debt has spiralled out of control. I was so ashamed of it that I hide it from my family, friends and girlfriend. Over the last few months it really took it's toll on me and I was starting to have suicidal thoughts. I have two options, come clean or listen to my thoughts.  + +The other day I came clean to my girlfriend. It wasn't easy and it has hurt her more than I could have ever imagined.We sat down and went through everything I owe and we've put a plan together. I will need to ask my family for help and that won't be easy at all. +Although it's going to take a long time to build my girlfriends trust and get things back on track, I feel as though I can do that and move on with my life. It isn't going to be easy but I do feel as do a massive weight is off my shoulders.  + +If there is anyone else out there in the same situation I would say, come clean about everything. Yes, you are going to hurt people but hiding is going to do more damage in the long run.  + +Feel free to PM me if you want to chat. +Meta also said the augmented and virtual reality business at the heart of its metaverse plans is generating revenue but is unprofitable.  + +I would expect a price drop in the three following cryptos as they are associated with the meta verse. + +-Mana +-Sand +-AXS + +I'm calling it right now, the metaverse will be a big failure. The only reason the metaverse seems so popular is because of the advertisements and the amount of memes. Nobody is going out of their way to buy an Oculus headset for $400 and try to bid on a house to be snoop doggs neighbors. + +Facebook is losing 1 million users daily. It's very possible that the Facebook Era goes downhill from here on out. +Title basically. Currently wheeling these: + +PLTR +CRSR +FUBO + +All of which I would hold long term. Shopping for a few more. + +Also been selling CSP's on O at $57.50 strike for months and yet to be assigned. Making \~20% year return vs the 5% dividend with buying and holding. Happy to hold O long term also. +With the market slide we had over the pass 2 weeks I closed all my CSP I had open netting me a decent loss. Looking at the market today I feel it was such a dumb move since everything is now recovering. I haven't been in the markets for too long and this was my first experience like this, how do you guys handle it? All my CSP has a delta between .2 to .3 when I opened them. Should I have just believed in my deltas? +Hey guys. Just looking for possible feedback / second opinions regarding this trade I'm interested in doing. Thanks in advance for any and all opinions regarding this. +Am I missing something here? DWAC 19 Jan 24 $10 puts selling for $2.55. Sell 100 puts for a $25k premium and worst case the merger deal falls through and the SPAC is ultimately dissolved returning it to $10 share and the puts expire worthless. + +Naked puts tie up margin but pocketing the premium appears guaranteed unless I’m incorrect on what happens to options if it is dissolved. +Hey everyone, + +I have been house hacking for the past year where I live on one side of my duplex and rent out the other side. I plan to move out at the end of this month and rent out both sides. + +I am in the process of finding renters and someone reached out to me asking if they can sign a lease with me and start using my duplex as an AIRBNB. + +At first, I thought NO WAY that I'd want my place used as an Airbnb but then the more I thought about it, the more I thought that this might not be a bad idea. + +They want to rent out both sides of the duplex at the price that I want. The lady that manages Airbnb will be on the contract and I will get my rent money each month from her. She even says that she will have the place cleaned between each stay (and guarantees to rent them out at a minimum 3 nights at a time to avoid people who rent Airbnb for parties). + +Am I missing something? Does this sound like an okay setup, or am I better off trying to find normal tenants (small family, or group of students since I am by a university). + +Thanks for all of your advice! + +EDIT: No HOA fees. +For the first time in my adult life, I'm at least partially insured. The medical wasn't great so I declined it for now lol. But vision and dental...$20/ per check total. + +This means, within a few weeks, I can finally get the wisdom teeth that have been causing me so much pain ripped out. I can see a dentist if it gets infected again. + +Brand new glasses, that I've needed for over a year. For $10. My frame is from Zenni lmao, I'm shocked it held on this long. The arms no longer close and I'm always terrified they'll snap on me. + +I literally almost want to cry. The lady on the phone told me I was all set and I genuinely choked back a lump in my throat. + +This is such a small win, but it's a win I absolutely needed. +Wall of text that has been a long time coming - on payday in June 2016 I owed £36,653.37 across seven different credit cards with various punitive and zero rate interest charges every month. + +I have had credit cards ever since the nice man at Newcastle university was peddling his uni-branded MBNA card in my face at 17, I'd apply for overdrafts to buy new graphics cards and mess about playing championship manager (thats how long this has been going on) and Quake 3 when I should have been learning about C++ and networking. And because everything was fine, there has always been an acceptability to me about the notion of being in debt. + +When I got my first job and had some cash on my hip I would reach to my means and beyond each and every month, both in terms of spends and things like rent, getting a flat that someone with far greater means than mine should be in. But the system let me do it, so it must be an okay thing to do, right? + +I had gone into a house purchase approx ten grand in the hole, after which expenses shot up, apparently with corresponding increases in availability of credit. If they think I'm good for it, I must be good for it right? Right?! Thats what brought me to the 36k figure referenced above. Personal responsiblity is a big part of this and my misconception that through things like credit checking there was no way I would be 'allowed' to get in a mess that couldn't be gotten out of. That is falsehood of my own imagination - nobody made this mess but me and its nobody else's fault but mine that it was allowed to happen. + +I can't pinpoint what made me come to my damn senses with this much distance but I recall it as a dark place and a tipping point where I could no longer keep my head above water month-to-month. Day to day living was going on credit and lifestyle did not match my means, if I am honest I don't think it ever had. + +I made a spreadsheet of what was owed to whom, and every month added another column to indicate progression. I put everything that I could on 0% and did my best to aggressively pay off the highest interest rate balances. + +https://imgur.com/a/2WAIbHU + +Yellow months are making the minimum, red months incur interest or fees, green months pay more than I needed to. + +Some months I pulled the belt tighter and tighter to race against an expiring 0% deal I knew I couldn't replace, some months I bought something I had been putting off. Every month it became plain to me how much I was spending unnecessarily and how little difference blowing all my money on some toy or other mattered to my happiness beyond the immediate moment - and indeed how little grand gestures of spending mattered to my partner. + +On payday in January 2021 I have just settled my last outstanding balance to leave me at £0. The future - worldly circumstances excepting - is bright. I have been through employment and life ups and downs in this time but never once completely derailed - some months I incurred charges, some months I paid less off, but after June 2016 I *never* allowed the debt to get bigger - each month it was smaller, if only by a bit. And I will *never* allow this to happen again. + +This community has been a big part of my success in tackling my problem. It has given me a technical basis on which I could operate to achieve it, a support mechanism in keeping things on track, and an understanding of the human condition that previously brought me to that dark place. One of the little driving things for me was the knowledge that when I had done it, I would make this post and hopefully help someone in a similar situation to get control for themselves. + +I return now to the basic tenet I have read a hundred times on here about how borrowed money doesn't come from financial institutions, it comes from your future self, and any borrowed spending pleasure is just a corresponding deferred pain down the line. + +There is nothing about my journey which required anything other than a sharp dose of reality and a little self control, and I fully appreciate the good fortune I have had in maintaining my employment whilst I paid down my debt. There are things which influence debt management over which the individual has no control but - even on the months when I was logging a red column - knowing that I was the biggest factor in getting into this situation and the only factor that would get me out of it, stopped me from making a bad situation even worse. + +If you're in a mess, the best time to tackle it is right now, and if youre reading this, youre in the best place to figure out how and get support doing it. Thank you everybody ♥️ + +--------------------------------------------- + +Edit: another thought whilst I am vomiting all of this out. It is often said on this sub about how you shouldn't compare yourself with others and I am historically very guilty of this in a slightly different way to how it is is usually referenced (comparison of salary and lifestyle). I was doing the bulk of spending at a time in my life when the people I looked up to were also spending a lot - mum and dad had both just retired and were waxing money like it was going out of fashion, dad would always say to mum "if you want one, have one!" having lived frugally for years and years they were finally going to have some fun and I am glad they did before the ravages of time came for them both. Similarly, I started a new job when I was 29 and my bosses - whom I look up to and greatly respect carried themselves in a very generous fashion (as indeed they are perfectly numerically right to do when they're in charge and remunerated as such). + +Impressionable types like me will look at their loved ones and others they aspire to be like and take behavioural cues from them - everyone around me was spending hard so that made it okay for me to do it to. Wrong - I needed to spend according to my needs and means, and no individuals situation is a reference point for anyone else's spending habits. +Look the title says it all. I’m just here to say Happy 4th to all the Americans and Happy GME hodling to all the apes. The past couple weeks have been Mr. Krabs on the charts while the analysts have played grab ass. Nobody cares, everyone has patience and nobody wants to sell. + +This community is awesome… I hope everyone gets a break this 3 day weekend! + +Oh and go watch the meme that u/buttfarm69 made if you haven’t. It’ll jack you in ways you didn’t know you could be jacked. Just do it! +[buttfarm69 meme](https://www.reddit.com/r/Superstonk/comments/ocdhkg/my_name_is_buttfarm69_and_this_is_probably_the/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf) +Sorry if this is a stupid question. I live in the UK and work in finance + +Should I inflate my current pay when speaking to potential new employers/headhunters? Not by much, about 5-10% or so. This is obviously in the hope that they will up that should they want to hire me. Do they have any way of authenticating my actual pay or any legal right to see my payslips before making me an offer? + +Thanks +&#x200B; + +https://preview.redd.it/n3n55bwp1z971.png?width=1634&format=png&auto=webp&s=2661e747774f8fb45217789c9a732a3627a2ad62 + +Damn I forgot to include the timestamps in the bottom of the chart. What I'm trying to show is that since the peak of June 8th until today the price has gone down from around 340 to 190, and at the same time the OBV value has gone down from 1.38B to 1.34B... + +Imagine us buying up 100 shares to have a price of 340 dollars a share. But somehow the price has dropped 44 % to 190 by selling 3 % of those 100 shares, so by selling 3 shares, they dropped the price from 340 to 190. + +Maybe I'm too smooth brained to explain this correctly, but that is my take on how the OBV value is absolutely saying that NOBODY is selling. + +Don't be afraid of the dip, it's manipulated and wrong, nobody is selling. + +Buy. Hodl. Buckle up! + +EDIT: Beware that OBV alone does not tell the whole story. Just add this confirmation bias to everything else that we are seeing on the subreddit and know that they ARE manipulating. Look at the RRP stock timing, look at the fidelity buy vs sells, look at literally all the good DDs! +due to the recent absolutely heart-breaking news about a new trader on RH, I vow to renew my commitment to tell OP's they are an idiot if their post says "I'm in this option position and idk how to determine the price of an option" +I got into crypto a few months ago with the intent of making gains long term. I knew it wouldn't happen over night. Sure, I have made some gains since I got in... but not enough to make a difference in my life. That kind of thing takes time. + +Now comes along Safemoon and it's many MANY knockoffs. Everybody is now looking for the next get-rich-quick coin. It has created an impatient mentality in the space that is not good at all. People are dropping money they can't afford to lose on shitty coins that are just Safemoon clones... and they are losing. + +People need to understand that, while there are outliers, earning on an investment takes time. If you're the type person seriously asking 'When moon?' or 'When Lambo?'... then you need to rethink your view of cryptocurrency. Life changing wealth does not happen in an instant. +April 9, 2021 2:26 pm by Colby Smith in New York + +US government bonds were hit by fresh selling on Friday, with analysts warning of further volatility ahead as the Treasury department seeks to offload more than $370bn of new securities over the next three weeks. + +Long-dated Treasury yields rose back towards recent highs, with the 10-year Treasury note trading 0.05 percentage points higher on Friday at 1.667 per cent. + +The abrupt move ruptured a brief calm that had settled over the $21tn market for US government debt in recent weeks, after the worst quarterly performance for long-dated Treasuries in more than four decades. Earlier this week, the benchmark 10-year yield hovered closer to 1.6 per cent. + +The pending surge in issuance has only heaped on additional anxiety. + +“It is too much supply too quickly at these current yield levels,” said Tom di Galoma, a managing director at investment bank Seaport Global Holdings. He added that potential choppiness could “easily” push the 10-year yield back to about 1.75 per cent next week. + +The first test comes on Monday, with the sale of $58bn in three-year notes and another $38bn of 10-year securities. The deluge continues on Tuesday, when the Treasury holds a $24bn auction of 30-year debt.  + +The following week, a new wave will add to that $120bn in supply, with a $24bn sale of 20-year debt, according to analyst estimates. The week after that, strategists forecast the Treasury will sell another $183bn of securities, with $60bn coming in two-year notes, another $61bn in five-year debt and $62bn at the seven-year mark. + +That brings total supply for the month to an all-time record of $373bn, according to estimates by Gennadiy Goldberg, a rates strategist at TD Securities, once the remaining auctions for inflation-protected government securities and other notes are factored in.  + +“Given the enormous amount of supply continuing to hit the market every month, every Treasury auction should be viewed as a risk event,” Goldberg said. + +The market could stumble right from the start of the week, warned di Galoma at Seaport Global, given the size of the forthcoming sales and the improving economic backdrop that has already damped demand for Treasuries. Strategists also noted that these were the first auctions since the Federal Reserve rolled back the capital concessions it extended to banks last April, which were seen as aiding market functioning. + +Investors haunted by February’s grim seven-year auction — which stirred concerns about the health of the Treasury market — are paying keen attention to the upcoming sale of debt at that maturity in particular, after what Ian Lyngen and Ben Jeffery at BMO Capital Markets characterised as a “less dismal but still very weak” offering in March. + +Lacklustre demand from foreign investors could tip the balance once again towards choppier trading, but some Wall Street executives are holding out hope that the higher levels of Treasury yields today compared with just a few months ago will pique their interest. + +“The auctions may not be smooth but they are going to be digestible,” said Phil Camporeale, a portfolio manager at JPMorgan Asset Management, citing the relative attractiveness of Treasuries compared with their global counterparts. Benchmark government bonds in Germany or Japan, for example, are trading around minus 0.29 per cent and 0.1 per cent, respectively.  + +That differential is likely to compel foreign investors to stay active in the market, according to Avisha Thakkar, a rates strategist at Goldman Sachs. She estimates this buyer base will emerge in 2021 as the largest aside from the Fed, which is snapping up $80bn Treasuries each month and signalled on Thursday a willingness to make technical adjustments to its purchases to keep them “roughly proportional” to outstanding supply. + +“There need not be a problem if the Fed and Treasury work together to address potential imbalances,” said Steven Major, global head of fixed income research at HSBC. + +Edit: from the Financial Times today +https://www.ft.com/content/f296fe3c-63f3-4d5c-a71f-1a677f450ff6 +It's just discouraging when you work your ass off and things keep happening. My husband is quitting his job where he makes the same amount as me. We were actually doing okay when we were both working. If we go back to one income, we'll be 600 in the hole every month and always stressed about losing our apartments. We don't qualify for assistance (already tried) and have lowered everything to the bare bones. I have physical limitations so finding a normal job has been tough. Took me 7 years to find this one. And I actually enjoy it. I don't know what else to do. + +\*and please don't say I shouldn't have pets. + +Edit: I don't want my husband to quit this job. It was tough to even get this one for him. We've been arguing a lot over it. Since posting, he's at least promised he won't quit until he already has a better one lined up. He struggles with his mental health and holding a job down. We just had a follow up with the doctors who changed meds for him that are supposed to help. I don't know how to force him to keep a job. He knows how stressed I am over it. I've tried asking his reasons why but other than what I've already said, he hasn't said anything else. I can trust him to keep his promise. And maybe the new meds will have kicked in and he won't quit/will find a better paying job that he can stay at. +So here it is, three more days and October begins, which marks one year of trading for me. I figured I would contribute to the forum and share some of my experience, a little about me, and what I've learned so far. Whoever wants to listen, that's great. This might get long so buckle up.. + +Three years ago, I was visiting Toronto. I don't get out much, but my roommate at the time travels there occasionally. He asked everyone at our place if we wanted to come along for a weekend. My roommate has an uncle that lives there and we didn't have to worry about a hotel because his uncle owns a small house that's unlived in which we could stay at. I was the only one to go with. Anyways, we walk around the city, seeing the sights and whatnot. + +My friend says to me "where next?" + +"I don't know, you're the tour guide" + +"We can go check out Bay Street" + +"what's 'Bay Street?'" + +"It's like the Canadian Wall street! If you haven't seen it you gotta see it!" + +Walking along Bay, I admire all the nice buildings and architecture, everything seems larger than life to me. I love things like that. The huge granite facades with intricate designs and towering pillars to make you think, *How the fuck did they make that?* My attention pivots to a man walking on the sidewalk opposite us. His gait stood out among everyone, he walked with such a purpose.. He laughed into the cell phone to his ear. In the elbow-shoving city environment, he moved with a stride that exuded a power which not only commanded respect, but assumed it. *I bet HE can get a text back, hell he's probably got girls waiting on him.* This dude was dressed to kill, a navy suit that you could just tell from across the street was way out of my budget, it was a nice fucking suit. *I want that.* His life, across the street, seemed a world a way from my own. I've worn a suit maybe *twice* in my life. For my first communion, it was too big for me, I was eleven or whatever so who gives a shit, right? I'm positive I looked ridiculous. *The other time?* I can't remember. + + *I want that. I want the suit.* I want the *wealth*, the *independence.* *I want the respect and power, and I don't give a shit what anyone thinks about it.* + +Cue self doubt. + +*Well, He's probably some rich banker's son. That's a world you're born into. I don't know shit about it. \*sigh\* keep walking..* + +&#x200B; + +A year later, I'm visiting my parents at their house, they live an hour away from my place. My dad is back from Tennessee, his engineering job was laying people off and he got canned... Or he saw the end was near and just left... I don't know, hard to pay attention to the guy honestly because he kind of just drones on and on. (*"Wait, so your mom lives in Michigan, but your dad moved to Tennessee... for a job?"* Yea man, I don't fucking know, not going to touch on that one.*)* The whole project was a shit show that was doomed to never get done, the way he tells it. And he's obviously jaded from multiple similar experiences at other life-sucking engineer jobs. My mom is a retired nurse practitioner who no longer works because of her illness. I ask him what he's doing for work now and he tells me he trades stocks from home. I didn't even know you could do that. I didn't know "trading" was a thing. I thought you just invest and hope for the best. + +"Oh that's cool, how much money do you need to do that?" + +"Ehh, most say you need at least $25,000 as a minimum" + +"Oh... guess I can't do that..." + + + +Six months later, I get a call and it's my dad. We talk a little about whatever. Off topic, he starts asking if I'm happy doing what I'm doing (I was a painter, commercial and residential) I tell him yes but it's kind of a pain in the ass and I don't see it as a long term thing. Then he gets around to asking if I'd like to come work with him. He basically pitches it to me. I'm not one to be sold on something, I'm always skeptical. So I ask all the questions that any rational person would ask and he just swats them away with reassuring phrases. He was real confident about it. But basically he says for this to work, I have to quit my job and move back home so he can teach me how to trade and be by my side so I don't do anything stupid. *"**~~My Name~~* *, you can make so much money."* I say that I can't raise the $25,000 because I'm not far above just living paycheck to paycheck. "I can help you out with that." Wow, okay, well... let me think about it. + +My "maybe" very soon turned into a "definitely." So over the next six months, I continue to work my day job painting, and I try to save up what I could for the transition (it wasn't a whole lot, I sucked at saving. I was great at spending though!). My dad gives me a book on day trading (which I will mention later) and I teach myself what I can about the stock market using Investopedia. Also in the meantime, my dad sends me encouraging emails. He tells me to think of an annual income I would like to make as a trader, and used "more than $100,000 but less than a million" as a guideline. He tells me about stocks that he traded that day or just ones that moved and describes the basic price action and the prices to buy and sell at. Basically saying "if you bought X amount of shares here and sold it at X price here, you could make a quick 500 bucks!" I then use a trading sim to trade those symbols and try to emulate what he says. Piece of cake. ;) + +*Wow, that's way more than what I make in a day.* + +He tells me not to tell anyone about my trading because most people just think it's gambling. "*Don't tell your Mom either."* He says most people who try this fail because they don't know how to stop out and take a loss. He talks about how every day he was in a popular chatroom, some noob would say something like, "Hey guys, I bought at X price (high of day or thereabout), my account is down 80% .. uhh I'm waiting for it to come back to my entry price.. what do I do??" + +*Well shit, I'm not that fucking dumb. If that's all it takes to make it is to buy low, sell high, and always respect a stop then I'll be fantastic.* + +By the end of September, I was very determined. I had been looking forward everyday to quitting my painting job because while it used to be something I loved, it was just sucking the life out of me at this point. Especially working commercial, you just get worked like a dog. I wasn't living up to my potential with that job and I felt awful for it every minute of every day. I knew that I needed a job where I could use my brain instead of slaving my body to fulfill someone else's dream. *"Someone's gotta put gas in the boss's boat"* That's a line my buddy once said that he probably doesn't know sticks with me to this day. + +*It ain't me.* + +So now it was October 2018, and I'm back living with Mom n' Pops. I was so determined that on my last day of work I gave away all of my painting tools to my buddy like, "here, I don't need this shit." Moving out of my rental was easy because I don't own much, 'can't take it with ya.' Excited for the future I now spend my days bundled up in winter wear in the cold air of our hoarder-like basement with a space heater at my feet. My laptop connected to a TV monitor, I'm looking at stocks next to my dad and his screens in his cluttered corner. Our *Trading Dungeon.* I don't trade any money, (I wasn't aware of any real-time sim programs) I just watch and learn from my dad. Now you've got to keep in mind, and look at a chart of the S&P, this is right at the beginning of Oct '18, I came in right at the market top. Right at the start of the shit-show. For the next three or four weeks, I watch my dad pretty much scratch on every trade, taking small loss after small loss, and cursing under his breath at the screen. + +Click. + +"*dammit."* + +*Click.* + +*"shit."* + +*Click. Click.* + +*"you fuck."* + +Click. + +This gets really fucking annoying as time goes on, for weeks, and I get this attitude like *ugh, just let me do it. I'll make us some fucking money.* So I convince him to let me start trading live. I didn't know anything about brokers so I set up an account using his broker, which was Fidelity. It was a pain and I had to jump through a lot of hoops to be able to day trade with this broker. I actually had to make a joint account with my dad as I couldn't get approved for margin because my credit score is shit (never owned a credit card) and my net worth, not much. Anyways, they straight up discourage day trading and I get all kinds of warning messages with big red letters that made me shit myself like ***oooaaahhh what the fuck did I do now. Did I forget to close a position?? Did I fat finger an order? Am I now in debt for thousands of dollars to Fidelity?? They're going to come after me like they came after Madoff.*** Even after you are approved for PDT you still get these warning messages in your account. Some would say if I didn't comply with "whatever rule" they'd even suspend my account for 60 days. It was ridiculous, hard to describe because it doesn't make sense, and it took the support guy on the phone a good 20 minutes to explain it to me. Basically I got the answer "yea it's all good, you did nothing wrong. As long as you have the cash in your account to cover whatever the trade balance was" So I just kept getting these warnings that I had to ignore everyday. I hate Fidelity. + +My fist day trading, I made a few so-so trades and then I got impatient. I saw YECO breaking out and I chased, soon realized I chased, so I got out. -$500. *Shit, I have to make that back, I don't want my dad to see this.* Got back in. *Shit.* \-$400. So my first day trading, I lost $900. My dumbass was using market orders so that sure didn't help. I reeled the risk back and traded more proper position size for a while, but the commissions for a round trip are $10, so taking six trades per day, I'm losing $60 at a minimum on top of my losing trades. Quickly I realized I didn't know what the hell I was doing. *What about my dad? Does HE know?* One day, in the trading dungeon, I was frustrated with the experience I'd been having and just feeling lost overall. I asked him. + +"So, are you consistently profitable?" + +"mmm... I do alright." + +"Yea but like, are you consistently profitable over time?" + +......................... + +"I do alright." + +*Silence.* + +"Do you *know* any consistently profitable traders?" + +"Well the one who wrote that book I gave you, Tina Turner.. umm and there's Ross Cameron" + +...................... + +"So you don't know any consistently profitable traders, personally.. People who are not trying to sell you something?" + +"no." + +................... + +*Holy fucking shit, what did this idiot get me into. He can't even say it to my face and admit it.* + +This entire life decision, quitting my job, leaving my rental, moving from my city to back home, giving shit away, it all relied on that. I was supposed to be an apprentice to a ***consistently profitable day trader who trades for a living.*** It was so assumed, that I never even thought to ask! Why would you tell your son to quit his job for something that you yourself cannot do? *Is this all a scam? Did my dad get sold a DREAM? Did I buy into some kind of ponzi scheme? How many of those winning trades he showed me did he actually take?* ***Are there ANY consistently profitable DAY TRADERS who TRADE FOR A LIVING?*** *Why do 90% fail? Is it because the other 10% are scamming the rest in some way?* Completely lost, I just had no clue what was what. If I was going to succeed at this, if it was even *possible* to succeed at this, it was entirely up to me. I had to figure it out. I still remember the feeling like an overwhelming, crushing weight on me as it all sunk in. *This is going to be a big deal..* I'm not the type to give up though. In that moment, I said to myself, + +***I'm going to fucking win at this. I don't know if this is possible, but I'm going to find out. I cannot say with certainty that I will succeed, but no matter what, I will not give up. I'm going to give all of myself to this. I will find the truth.*** + +It was a deep moment for me. I don't like getting on my soapbox, but when I said those things, I meant it. *I really, really meant it. I still do, and I still will.* + +Now it might seem like I'm being hard on my dad. He has done a lot for me and I am very grateful for that. We're sarcastic as hell to each other, I love the bastard. Hell, I wouldn't have the opportunity to trade at all if not for him. But maybe you can also understand how overwhelmed I felt at that time. Not on purpose, of course he means well. But I am not a trusting person at all and I was willing to put trust into him after all the convincing and was very disappointed when I witnessed the reality of the situation. I would have structured this transition to trading differently, **you don't just quit your job and start trading.** Nobody was there to tell me that! I was told quite the opposite. I'm glad it happened anyway, so fuck it. I heard Kevin O'Leary once say, + + *"If I knew in the beginning how difficult starting a business was, I don't know that I ever would've started."* + +This applies very much to my experience. + + + +So what did I do? Well like everyone I read and read and Googled and Youtube'd my ass off. I sure as hell didn't pay for a course because I didn't have the money and I'm like 99% sure I would be disappointed by whatever they were teaching as pretty much everything can be found online or in books for cheap or free. Also I discovered Thinkorswim and I used that to sim trade in real-time for three months. This is way the hell different than going on a sim at 5x speed and just clicking a few buy and sell buttons. Lol, useless. When you sim trade in real-time you're forced to have a routine, and you're forced to experience missing trades with no chance to rewind or skip the boring parts. That's a step up because you're "in it". I also traded real money too, made some, lost more than I made. went back to sim. Traded live again, made some but lost more, fell back to PDT. Dad fronted me more cash. This has happened a few times. He's dug me out of some holes because he believes in me. I'm fortunate. + +Oh yeah, about that book my dad gave me. It's called A Beginner's Guide to Day Trading Online by Toni Turner. This book... is shit. This was supposed to be my framework for how to trade and I swear it's like literally nothing in this book fucking works lol. I could tell this pretty early on, intuitively, just by looking at charts. It's basically a buy-the-breakout type strategy, if you want to call it a strategy. No real methodology to anything just vague crap and showing you cherry-picked charts with entries that are way too late. With experience in the markets you will eventually come to find that MOST BREAKOUTS FAIL. It talks about support/resistance lines and describes them as, "picture throwing a ball down at the floor, it bounces up and then it bounces down off the ceiling, then back up." So many asinine assumptions. These ideas are a text book way of how to trade like dumb money. Don't get me wrong, these trades can work but you need to be able to identify the setups which are more probable and identify reasons not to take others. So I basically had to un-learn all that shit. + +Present day, I have a routine in place. I'm out of the dungeon and trade by myself in my room. I trade with a discount broker that is catered to day traders and doesn't rape me on commissions. My mornings have a framework for analyzing the news and economic events of the particular day, I journal so that I can recognize what I'm doing right and where I need to improve. I record my screens for later review to improve my tape reading skills. I am actually tracking my trades now and doing backtesting in equities as well as forex. I'm not a fast reader but I do read a lot, as much as I can. So far I have read about 17-18 books on trading and psychology. I've definitely got a lot more skilled at trading. + +As of yet I am not net profitable. Writing that sounds like selling myself short though, honestly. Because a lot of my trades are very good and are executed well. I have talent. However, lesser quality trades and trades which are inappropriately sized/ attempted too many times bring down that P/L. I'm not the type of trader to ignore a stop, I'm more the trader that just widdles their account down with small losses. I trade live because at this point, sim has lost its value, live trading is the ultimate teacher. So I do trade live but I just don't go big like I did before, I keep it small. + +I could show you trades that I did great on and make people think I'm killing it but I really just don't need the validation. I don't care, I'm real about it. I just want to get better. I don't need people to think I'm a genius, I'm just trying to make some money. + +Psychologically, to be honest with you, I currently feel beaten down and exhausted. I put a lot of energy into this, and sometimes I work myself physically sick, it's happened multiple times. About once a week, usually Saturday, I get a headache that lasts all day. My body's stress rebound mechanism you might call it. Getting over one of those sick periods now, which is why I barely even traded this week. I know I missed a lot of volatility this week and some A+ setups but I really just don't give a shit lol. I just currently don't have the mental capital, I think anyone who's been day trading every day for a year or more can understand what I mean by that. I'm still being productive though. Again, I'm not here to present an image of some badass trader, just keeping it real. To give something 100% day after day while receiving so much resistance, it takes a toll on you. So a break is necessary to avoid making bad trading decisions. That being said, I'm progressing more and more and eliminating those lesser quality trades and identifying my bad habits. I take steps to control those habits and strengthen my good habits such as having a solid routine, doing review and market research, taking profits at the right times, etc. + + + + So maybe I can give some advice to some that are new to day trading, those who are feeling lost, or just in general thinking *"...What the fuck..."* I thought that every night for the first 6 months lol. + +First of all, **manage expectations.** If you read my story of how I came to be a trader, you can see I had a false impression of trading in many aspects. Give yourself a realistic time horizon to how progress should be made. Do not set a monetary goal for yourself, or any time-based goal that is measured in your P/L. If you tell yourself, "*I want to make X per day, X per week, or X per year"* you're setting yourself up to feel like shit every single day when it's clear as the blue sky that you won't reach that goal anytime soon. As a matter of fact, it will appear you are moving further AWAY from that goal if you just focus on your P/L, which brings me to my next point. + +**You will lose money.** In the beginning, most likely, you will lose money. I did it, you'll do it, the greatest Paul Tudor Jones did it. Trading is a skill that needs to be developed, and it is a process. Just look at it as paying your tuition to the market. Sim is fine but don't assume you have acquired this skill until you are adept at trading real money. So when you do make that leap, just trade small. + +**Just survive.** Trade small. get the experience. Protect your capital. To reach break even on your bottom line is a huge accomplishment. *In many ways, experience and screen time are the secret sauce.* + +**Have a routine.** This is very important. I actually will probably make a more in-depth post in the future about this if people want it. When I first started, I was overwhelmed with the feeling *"What the fuck am I supposed to DO?"* I felt lost. There's no boss to tell you how to be productive or how to find the right stocks, which is mostly a blessing, but a curse for new traders. + +**All that shit you see, don't believe all that bullshit.** You know what I'm talking about. The bragposting, the clickbait Youtube videos, the ads preying on you. "I made X amount of money in a day and I'm fucking 19 lolz look at my Lamborghini" It's all a gimmick to sell you the dream. It's designed to poke right at your insecurities, that's marketing at it's finest. As for the bragposting on forums honestly, who cares. And I'm not pointing fingers on this forum, just any trading forum in general. They are never adding anything of value to the community in their posts. They never say *this is how I did it.* No, they just want you to think they're a genius. I can show you my $900 day trading the shit out of TSLA, but that doesn't tell the whole story. Gamblers never show you when they lose, you might never hear from those guys again because behind the scenes, they over-leveraged themselves and blew up. *Some may actually be consistently profitable and the trades are 100% legit.* That's fantastic. But again, I don't care, and you shouldn't either. You shouldn't compare yourself to others. + +**"Everyone's a genius in a bull market"** Here's the thing.. Markets change. Edges disappear. Trading strategies were made by traders who traded during times when everything they did worked. *Buy all the breakouts? Sure! It's the fucking tech bubble! Everything works!* I'm sure all those typical setups used to work fantastically at some point in time. But the more people realize them, the less effective they are. *SOMEONE has to be losing money on the opposite side of a winning trade*, and who's willing to do that when the trade is so obvious? That being said, some things are obvious AND still work. Technical analysis works... sometimes. The caveat to that is, filters. You need to, in some way, filter out certain setups from others. For example, you could say, "I won't take a wedge pattern setup on an intraday chart unless it is in a higher time frame uptrend, without nearby resistance, and trading above average volume with news on that day." + +**Have a plan.** If you can't describe your plan, you don't have one. Think in probabilities. You should think entirely in "if, then" scenarios. *If X has happens, then Y will probably happen. "If BABA breaks this premarket support level on the open I will look for a pop up to short into."* + +**Backtest.** Most traders lose mainly because they think they have an edge but they don't. You read these books and all this stuff online telling you "this is a high probability setup" but do you know that for a fact? There's different ways to backtest, but I think the best way for a beginner is manual backtesting with a chart and an excel sheet. This builds up that screen time and pattern recognition faster. [This video](https://www.youtube.com/watch?v=FSIRv_eajzI&t=1230s) shows how to do that. Once I *saw* someone do it, it didn't seem so boring and awful as I thought it was. + +**Intelligence is not enough.** You're smarter than most people, that's great, but that alone is not enough to make you money in trading necessarily. Brilliant people try and fail at this all the time, lawyers, doctors, surgeons, engineers.. Why do they fail if they're so smart? *~~It's all a fucking scam.~~* No, a number of reasons, but the biggest is *discipline* and *emotional intelligence.* + +**Journal every day.** *~~K no thanks, bro. That's fucking gay.~~* That's how I felt when I heard this advice but really that is pride and laziness talking. This is the process you need to do to learn what works for you and what doesn't. Review the trades you took, what your plan was, what actually happened, how you executed. Identify what you did well and what you can work on. This is how you develop *discipline* and *emotional intelligence,* by monitoring yourself. How you feel physically and mentally, and how these states affect your decision-making. + +**Always be learning.** Read as much as you can. Good quality books. Here's the best I've read so far; + +Market Wizards -Jack Schwager + +One Good Trade -Mike Bellafiore + +The Daily Trading Coach -Bret Steenbarger + +Psycho-cybernetics -Maxwell Maltz + +Why You Win or Lose -Fred Kelly + +The Art and Science of Technical Analysis -Adam Grimes + +Dark Pools -Scott Patterson + +**Be nimble.** Everyday I do my research on the symbols I'm trading and the fundamental news that's driving them. I might be trading a large cap that's gapping up with a beat on EPS and revenue and positive guidance. But if I see that stock pop up and fail miserably on the open amidst huge selling pressure, and I look and see the broader market tanking, guess what, I'm getting short, and that's just day trading. *The movement of the market, on an intraday timeframe, doesn't have to make logical sense.* + +**Adapt.** In March I used to be able to buy a breakout on a symbol and swing it for the majority of the day. In the summer I was basically scalping on the open and being done for the day. Volatility changes, and so do my profit targets. + +**Be accountable. Be humble. Be honest.** I take 100% responsibility for every dime I've lost or made in the market. It's not the market makers fault, it wasn't the HFTs, *I pressed the button.* I know my bad habits and I know my good habits.. my strengths/ my weaknesses. + +**Protect yourself from toxicity.** Stay away from traders and people on forums who just have that negative mindset. That "can't be done" mentality. *~~Day trading is a scam!!~~* It can certainly be done. ~~Prove it, you bastard.~~ I'm posting to this particular forum because I don't see much of that here and apparently the mods to a good job of not tolerating it. As the mod wrote in the rules, they're most likely raging from a loss. Also, the Stocktwits mentality of "AAPL is going to TANK on the open! $180, here we come. $$$" , or the grandiose stories, "I just *knew* AMZN was going to go up on earnings. *I could feel it.* I went ALL IN. Options money, baby! ka-ching!$" Lol, that is so toxic to a new trader. Get away from that. *How will you be able to remain nimble when this is your thought process?* + +**Be good to yourself.** Stop beating yourself up. You're an entrepreneur. You're *boldly going where no man has gone before.* You've got balls. + +Acknowledge your mistakes, don't identify with them. Y*ou are not your mistakes and you are not your bad habits*. These are only *things that you do*, and you can take action necessary to *do them less.* + +It doesn't matter what people think. Maybe they think you're a fool, a gambler. You don't need their approval. You don't need to talk to your co-workers and friends about it to satisfy some subconscious plea for guidance; *is this a good idea?* + +*You don't need anyone's permission to become the person you want to be.* + +They don't believe in you? Fuck 'em. ***I believe in you.*** +Hello. + +Isn’t the word out there that gold is an asset that people invest in, when times are scary and people are fearful? Given that we have a war in Europe that can easily escalate further, rising inflation and a recession coming I expected the gold price to increase. It has not and lost 10+% in 3 months. + +Why? I don’t get it. + +Thanks for taking the time to help me. +Are there any studies that track the absolute standard of living for the US poor over time? Is the nutrition, housing, incomes, etc, getting worse for the US poor in terms of living standards? + +To put it another way, was the health, education, and over-all quality of life better for the bottom 20% of American families in 1980 than it is in 2017? +Recently in my district here in Califronia we have had a surge in the idea that rent control is a decent way to handle what appears to be a lack of affordable housing. Would rent control have any positive effects at all on this problem or would (as I suspect) it increase the already bad supply problem? +I know that the monopsony graph shows that, since the firms can't discriminate with its wages when it wants to hire more people, its labor marginal cost curve goes up higher than the supply curve. This makes a situation where the monopsony firm hires less people at a lower wage since it wants its mc=mr. + +Graph for clarity: https://images.app.goo.gl/7uUyTiqtiKJFa4Ty7 + +However, I'm confused why with a minimum wage set, all of the sudden, the original mc curve doesn't matter anymore. Shouldn't the monopsony still not want to hire more people (and maybe even hire less people) if the cost of labor is higher? + +Can someone make a real life example of this in practice? + +Edit: I understand the graphical way why it happens, I just need help understanding it in the real world and why would the monopsonist have a different philosophy in hiring people with a minimum wage in place instead of when it hires people when the monopsonist makes the wages. +Looking through FRED, I see a ton of different monetary/fiscal metrics that started noticeable trends from the 70's onward. Here are some of the things I noticed: + +[GDP](https://fred.stlouisfed.org/series/FYGDP) \- Exponential growth starting around 1965 - 1970. + +[Total Public Debt](https://fred.stlouisfed.org/series/GFDEBTN) \- Significant, steady growth starting in 1975 - 1980. + +[Federal Deficit](https://fred.stlouisfed.org/series/FYFSD) \- Noticeable growth in deficit spending from 1975 onward. + +[FED Funds Rate](https://fred.stlouisfed.org/series/FEDFUNDS) \- Steady negative trendline from 1980 onward. + +[Monetary Base](https://fred.stlouisfed.org/series/BOGMBASE) \- Ignoring post-2008, steady growth from 1975 onward. + +[MZM Stock](https://fred.stlouisfed.org/series/MZM) \- Data starts at 1980, but shows a rapid growth trend since then. + +Obviously these are lots of different metrics affected by different policy methods, but is there something I'm missing here? Was there a change in fiscal/monetary theory that took hold during the 70's that might explain these trends, or am I reading more into this than I should? +I was talking with my father earlier about the recent dive in the stock market, which he blames on the Fed raising rates. If businesses are losing money due to higher borrowing costs, then why don't they raise prices to make up for it? How do higher interest rates result in lower prices? +I've seen a lot of arguments for and against a return to a gold currency standard, and I find myself dramatically swayed by the arguments against it. My question is why so many people seem to favor returning to it, even with the comprehensive arguments that modern economists have against it. +Recently, i've seen a man trying to make his own sandwhich from scratch (growing wheat, butchering animals, bringing water etc.) +and in the end it took him 6 months and $1500 to make for just ONE sandwhich. Why don't actual sandwhich ingredients cost that much? +[https://www.peoplespolicyproject.org/2020/05/18/the-myths-of-the-earned-income-tax-credit/](https://www.peoplespolicyproject.org/2020/05/18/the-myths-of-the-earned-income-tax-credit/) + +This analysis claims " The EITC is not an especially efficient program. In fact, it is among the least efficient welfare programs in the country once its unique private administrative costs are counted." + +&#x200B; + +Is that true? Others like TCPC stress how effective the EITC is: [The EITC is the single most effective means tested federal antipoverty program for working-age households—providing additional income and boosting employment for low-income workers.](https://www.taxpolicycenter.org/briefing-book/how-does-earned-income-tax-credit-affect-poor-families) +The government of my country, Argentina, has asked the IMF for a loan a few days ago. People don't really have a positive opinion of the international organism here, because they see it as a tool "the powerful" have for exploiting developing countries forcing them to apply programs of austerity. It is also true that we didn't have good experiences with the fund, so they may be somewhat right in not trusting it. Leaving ideological biases aside, has the IMF ever helped a country out of a crisis instead of making it worse? +U.K., U.S., Canada, Germany and a lot of other western countries all elected governments that seemed to have a fetish for privatizing and overall general laissez-fare economics; why did this liberalization of the market all seem to happen simultaneously around the western world in the 1980's? +Would it be accurate to say that price is an attempt to quantify value? + +Where "value" is something more obscure. Perhaps it can be described as the "desirability", or the "usefulness" of an object. +I've noticed there are few topics where there is a chasm between the public opinion and most economists (such as free trade and tariffs) so I was wondering where could I find sources of information needed for me to be more informed about economics the next time I go to the voting booth in 2018 & 2020 so I don't get caught up in public opinion that may not make good economic sense. +The premise for creating minimum wage laws is that if you work full time you should be able to survive financially. Part of the problem with this is that a position isn't worth more than the minimum wage in revenue, it is eliminated or the company takes a loss on it. + + + If there was a universal guaranteed income that covered food/rent/basic living, should minimum wage laws be eliminated because their purpose is being fulfilled by another mechanism? +I live in Bangladesh and I have seen that labor/workers of all strata earn significantly less than those in the developed countries after taking into account purchasing power parity. + +It seems to me that even with the inputs (skills, education) and the outputs (productivity) being the same in both the developing and the developed world there is still a huge gap in wages. + +For eg consider A and B two Bangladeshi brothers, both graduate of Oxford University UK. Both studied Bachelors in Finance and then a Masters. One works in New York City earning 70,000 USD while the other is in Bangladesh earning 360,000 BDT annually. And yeah, this is a real example. I have seen at least 20 such similar examples. + +Then there is the issue of productivity. I don't have the links to the article now but I have seen a paper where pharmaceutical workers in Bangladesh made the same number of tablets as an American worker but their wages were vastly different. Four more newspaper article talked about similar findings in other industries. + +Please keep in mind that the 360,000 BDT earned in the first example is barely enough to scrape by. It will mean not having any healthcare at all and eating below the recommended minimum food requirement of Numbeo. + +Can someone here explain this economic phenomenon? +Economists seem to say that outsourcing, immigration, and automation all create new jobs and raise wages. If that's true, why are wages rising so slowly, as housing, healthcare, and education increase faster than inflation? +Let's say for argument, that you can only inherit $100M in your lifetime. + +Anything above that that would of been inherited goes to the free market and can be bid on. + +Those that are direct bloodline relatives can receive interest free 30 year loans for up to $100M. + +What would the negative impacts be? +Sorry if I am misunderstanding the economic calculation problem but isn't the issue essentially that a central planner doesn't have enough information to work with in order to allocate resources rationally? But couldn't some sort of network of supercomputers combined with smartphones be able to surpass this? Hypothetically, producers could instantly transmit the number of resources they have, their productivity etc to the central supercomputer and couldn't consumers transmit their demands to the supercomputer as well? Wouldnt this network of devices give enough information to the central planner so that they wouldn't need to guess anymore? +*Edit* +Wow. This thread is my internal thought process written down. Thank you. I'll do my best to update if it keeps flowing. + +Things I've learned: +3% interest is cheap money. I never thought of it functionally with inflation and current savings interest rate. +Sofi has refinance rates down to 3.75%. That would be ideal. I'd feel comfortable paying together and not dipping into savings, if that is legit. She said she tried to refinance with no success. We shall try again. +Absolutely never spend your emergency fund. Unless it's actually an emergency. Thankfully I've never had anything that truly qualifies. Hopefully I never will. + +I've done my best to answer unique questions case by case, but the general answers are: +Yes, she is my wife and I am a guy. I tried to keep it gender neutral. Sounds like I slipped up or my mansplaining rang through or Reddit is sexist. I give up. It's hard being gender neutral. We are all zed now. +Zed's debt is not what I would call irresponsible debt. Zed has a masters degree in forensic paleontology. Zed had to buy a new vehicle as zed's was totaled in a not at fault accident. We got an solid deal on a reasonable vehicle. We both agree that expensive cars are not worth it. +Future debt concern is unwarranted. I advised zed was far better with money than I am. If my math is correct, zed is using 30% of her income after taxes to pay down current debt. Also, zed does contribute 10% in her 401k. I totally spaced on that. The only reason I am ahead is due to an 8 year advantage. I was not much better at 27. +I should have added zed is intelligent and just as frugal as I am. +Concern of 'together forever' is fair. I get it. My sister and father echo your wisdom. +Together, we have discussed zed's debt at length. Zed is of the opinion this is zed's responsibility. I saw what some would consider a smart opportunity to help our future. This is an exercise to explore what I may not have considered. I believe it was a success. +Thank you again. + +*Bonus Bonus Question* +I also have an HSA for medical emergencies (Zed will have one on the next enrollment). Do people include this balance in their emergency fund? I consider it money that I've already spent on medical bills. Interest rates are appalling and I can't spend it anywhere else. Why even think about it? + + +Youngish newlyweds - 35 & 27. Spouse is $76,959.65 in debt. I always see great advise from r/personalfinance and now it's my turn to ask. + +Currently on a $1000 a month payment plan. + +Student Loan 1- +$37,118.88 +7.210% Interest +$390 payment per month + +Student Loan 2- +$7,156.85 +3.862% Interest +$50 payment per month + +Student Loan 3- +$19,994.25 +6.210% Interest +$160 payment per month + +Car Loan- +$12,689.67 +3.09% Interest +$400 a month payments + +Current pay plan only includes spouses income. Our combined income is about $100k after taxes. + +I have $60k in savings working towards buying a house. $10k emergency fund. I max out my Roth IRA and contribute 10%(3% match) into my 401k. I am debt free with a newish vehicle. Spouse has not started down the retirement path. We currently live rent free (long story) and probably will for a few more years. Especially if I dump my savings. Other expenses are budgeted and I believe negligible for this exercise. + +Unbury.me is a fabulous tool that shows the straight dollars of spouse's current pay plan. Numbers indicate it would be paid off by 2028, but with over $20k in interest paid. The balance exceeds my funds, but we can scratch off the two higher interest student loans. Increasing our pay plan to $1500 a month, we would be debt free in a year with only $390 interest paid. + +I feel like I have given this plenty of thought, but I am looking for outside insight that I may have not considered. + +*Bonus Question* - Our living situation is rather unique, but can change at any time. It has not changed in 5 years and we do not expect it to, but it surely could. I was told with home loan interest rates being what they are; it is better to borrow than to put down a large down payment. I'd always have the $10k emergency fund for a down payment. Opinions? + +Lastly, let's pretend trust isn't an issue. This isn't relationship advise. In my heart of hearts I can't imagine spouse saying "kthanksbye". This is not their idea. Spouse doesn't even know I am contemplating this. Spouse budgets, is paying debt aggressively and is far more responsible with money than I am. +Hi everyone! I’m not too sure if this is really the correct sub for this but I wasn’t sure where else to ask. + +I’ve always been an ambitious person, I worked so hard in school and then uni and threw myself into finding a ‘proper job’ right after graduating. I worked all throughout uni and have never really taken a break. I was supposed to travel last year but had to put that on hold because of the Panasonic. + +I’ve recently had a couple setbacks at work and in my personal life, and have probably been at my lowest for the last month or so. Because of that I’ve been reevaluating where I’m at right now and what I wanted to achieve. The things that used to seem so important just don’t seem to matter now. Things like having a well paying job, saving for a mortgage so I can have a nice home, and saving up for a decent car just seem so ridiculously insignificant. Maybe it’s because these are all materialistic things, but there’s other things as well. I wanted to have a job I was passionate about, I wanted my parents to be proud of me, to get the ‘value’ out of all the time I spent working towards having these things. This combined with living in Sydney and having never ending anxiety about the cost of living and just the way the world is going in general I don’t know how people can function like this for a whole lifetime (I’m 22) and that’s without even factoring in trying to make good financial decisions and set myself up to have the kind of life I’ve always wanted. + +Right now I just want to pack up my car and drive away to somewhere peaceful and quiet and live a smaller, more comfortable life. But then I have that voice in the back of my head telling me I need to spend every second of every day working towards the goals I’ve set for myself. At this stage I don’t know if I’m just being dramatic, if it’s depression, burnout, or a combination of all of it. My question is has anyone done this, what drove you to it, and how do you feel about it now? +My parents have been in a financially abusive relationship where my dad controls all the finances, including credit cards in my mum's name, debts, her salary, etc... + +She has no idea how much money are in any of the accounts, my dad is not good at money management and he used to have a gambling problem (I suspect he still does), so she's squirrelled away some money over the years. They're both reaching retirement age (<5 years) so she wants to pay off the last of the mortgage with a lump sum she's saved up (£15k). + +My dad told her he called the mortgage company and tried to pay it but they asked lots of questions about where the money came from, and he got annoyed with the pestering so he hung up. I am suspicious of this and would like to know if a mortgage company would normally make it difficult to make an overpayment? + +I suspect he wants to spend the money instead of putting it toward the mortgage so made an excuse as to why he couldn't pay it. I don't have experience with mortgages myself so I'm not sure if it's standard procedure for providers to do this. + +Thanks in advance! + +&#x200B; + +EDIT: Thanks everyone for responding. I hadn't considered money laundering so that makes sense - though as many of you mentioned, it wouldn't have been difficult to explain the source of money. I'll relay this info. + +Re leaving: My mum doesn't speak good English, which I think is taken advantage of to maintain control over her. I've made it clear to her many times that leaving is an option and I'll support her but she's adamantly refused. I think she's been made to feel dumb and incapable over the last 30 years so she's not confident she can survive without my dad. It breaks my heart +My partner is unable to work and so she would take care of the child full time. We are thinking of having our first within 2-3 years. We don't live in London or SE. + +Am I correct in thinking that it wouldn't cost more than £200-300/mon? +Our situation: + +Clueless idiot #1: +Salary: £61,200 gross +Car Allowance: £7,200 +Pension Salary Sacrifice: £250pm + +Clueless Idiot #2: +Salary: £0 (stay at home parent) +Benefits: £8,429.20 (DLA & CA) +Private Pension Contribution: £50pm + +We are married and have a child in nursery. The costs are staggering, they will qualify for 30 free hours in January. +Child is disabled if that is relevant. +We have a tax free childcare account. +We claim Child Benefit NI contributions. + +We have a mortgage, fixed for another 23 months. We want to move house once the fix ends. + +No savings currently because wow are weddings an endless sucking hole, and every penny we take home is allocated in a zero based budget…. There’s not a lot left for savings and investments after obligations. We need every penny we can get right now to rebuild the emergency fund. + +I looked into increasing the pension salary sacrifice to bring the salary below higher tax rate threshold so we could use marriage tax allowance and child benefit but the salary calculator is suggesting 26% which unless I’m missing something that would leave us £600 per month worse off in take home pay! + +I hear so many of you saying how much salary sacrifice is worth it and helps you, but I’m not seeing the benefits in our situation. I feel like an idiot that I can’t see a way to improve our tax efficiency. Am I missing something? + +Edit to add: Wedding is past tense, and child isn’t in nursery full time. These were only mentioned to explain why we’re choosing to focus more on take home pay right now. The question posed is about salary sacrifice and tax efficiency +So I’m currently earning around 41k but my take home is always around £1950 + +Most of the deductions are on tax with also NI , student loan (plan 2) , pensions and car parking making up the rest + +I pay 9% on everything above 25k - my student loan is plan 2 so interest is accruing at 6.6% since starting medical school in 2012 so stands at over 70k atm and I’ll likely pay 140-150k across my career - I understand I am in the minority that this is probably worth overpaying on but also has risks of needing the money for house/car etc plus government changes in future (however unlikely) + +Parking again is percentage of salary but I usually pay £30 a month + +Pension is NHS DB scheme again I contribute a percentage of my salary - 9.1% + +Previously I had been doing Locum work (doctor) but I’ve become loathed to doing any more as I’m barely taking half the gross and just means I’m paying more for my student loan etc + +I know there probably isn’t but for those who earn higher than 41k - is this the same for you and just something you have to get used to or is there anything I can do about it? + +And for those earning towards 100k and over - what is your take home as a percentage of your gross salary? +Upon recently leaving my last employer, they paid out my unused PTO accrual, per their policy. However, the way they calculated my hourly salary rate seems a bit off. Here's what happened: + +Using round numbers to keep things simple, let's say I accrued 2 hours of PTO each week, and let's say my salary was an even $50k annually. Upon my resignation, I had a balance of 80 hours of PTO. I was expecting my payout to be calculated using the logic of $50k/year divided by 52 weeks, divided by 40 hours/week, equaling roughly $24/hour. 80 unused hours times $24/hour equals $1920. + +Instead, my employer said my $50k annual salary, divided by 365 days/year, equals $137/day, and my 80 unused hours equals 10 days, so they paid me 10 days times $137/day, equaling $1370. + +The logic seems off, but I'm not sure if I can take any legal action. + +Any pointers you may have are much appreciated. + +Other info: The employer is headquartered in Georgia, and I work in Washington, DC. I was able to find this article, but this seems to only apply to Massachusetts: http://www.boston.com/jobs/news/jobdoc/2013/01/calculation_of_vacation_payout.html +Thanks again! +Edit: $144; everyone knows poors can't math + +I just discovered a $12 monthly charge, thought I'd pass the warning along to those who might have been unaware. If you have a job that doesn't have direct deposit set up you certainly are getting charged without realizing it. Customer representative said there's nothing that can be done, so I recommend changing banks. + +Edit: [Here's proof.](http://money.cnn.com/2011/01/07/pf/checking_account_fees/) I didn't notice until I switched jobs. + +Edit 2: okay I get it, all graduates who didn't read the fine print in or receive their letter when their student account was automatically switched to the fee account are idiots who deserve these fees. Regardless, I hope this post helps some people. + +Edit 3: Thanks to whoever popped my gold cherry! But really the best part is the messages from people who didn't notice until my post. Glad I could help! +EDIT: **RESOLVED! Blockchain.info just transferred 7 BTC to my wallet a few hours after this post on Reddit.** [(Transaction)](https://blockchain.info/tx/653b02bc9feff3a63aa7f266ccaf8334f150da537412cabb2a454c27f91ed47c) + +Response from Ben: "5.07625 BTC + 2 BTC extra has been returned to the sending address. Apologies for the delay in resolving this issue the was some confusion about who is responsible for this ticket." + +----- + +So I try paying someone 5 BTC via Blockchain.info's Shared Send service, on around August 28. [This](https://blockchain.info/tx/6ec7e69be0edaab54987bd8376e34f6c2716083398656bd9cb32f7e6b0e124ac) was the transaction. + +The money never showed up at the actual destination address. + +I opened a support ticket on blockchain.zendesk.com and it got closed after a month without receiving any reply whatsoever, except for "We are closing this support ticket because it is now several weeks old." + +What the actual fuck? + +I had also emailed them and tried to contact their representatives on bitcointalk.org but they ignored it too until Mandrik showed up and told me to open a new ticket in [this thread](https://bitcointalk.org/index.php?topic=303096.0). + +SO I open a new ticket, this Mandrik guy stays with me for a while until he says he's "escalating" it to a Ben because that guy can see if the money is stuck in their shared addresses. Guess what? Yep. Absolutely no response from Ben yet. + +It's been well over a month and I'm still out of over 500 bucks and having to deal with the absolute worst POS customer service I've ever seen. + +EDIT: Thanks to everyone for giving this enough attention to bring it to the front page. I still love Bitcoin and I love the Bitcoin community! + +EDIT: [This](https://blockchain.info/address/17E5HW6jr4Kcor69Ev3hNoSVDmkieTut1W) was the actual destination address but the 4.5 BTC you see there were sent by me in a latter transaction from an offline wallet. It had never received the original 5 BTC that were sent via Blockchain.info. +Hi all, I’m curious if a finance/budgeting app exists that allows me to make folders for specific needs and can automatically take out X% of my paycheck towards each one as specified by me? I’m really trying to work on my budgeting and I think having select amounts of my money already withdrawn and put towards things such as my monthly car payment as well as further goals like trips and travel would immensely help me save and visualize my spending and correct savings. Any and all help is greatly appreciated + + +T is often talked about on this forum, but I haven’t seen an analysis of it. I have been watching it for some time, so I figured I’d do a quick write up. + +&#x200B; + +Overview: + +There are 3 main businesses: wireless, broadband/wireline, and WarnerMedia. Their primary focuses are expanding 5G (which will also allow to sell hardware) and expanding fiber which aid their transition to be more software focused allowing them to lower costs and expand product portfolio. With write-downs and selling of non-core assets (DirectTV, Playdemic and Vrio) and spinning off WarnerMedia, they are focusing primarily on wireless and broadband services going forward. They are also doing substantial cost-cutting and streamlining efficiencies. + +&#x200B; + +Valuation: + +At $23.46, they have a market cap of 167 billion. Their 2020 FCF was 27B, which is a Price to FCF ratio of 6. After Warner Spinoff they are projecting at least 20B in FCF which is a ratio of at least 8. They will be about 2.6x Debt to EBIDTA and given their P/B of about 1 now (likely less after merger), they will be able to almost immediately utilize value accretive buybacks with their substantial cash flow. + +Note: Earnings are depressed due to the previously mentioned asset write-downs. As they’ve already sold or wrote down most of their non-core assets, you should expect an immediate increase in earnings going forward. + +Based on previous dividend guidance when the Warner deal was announced. At current price, the dividend yield would be about 5%. However, after the spinoff, the price will likely drop further increasing the dividend yield, in exchange for a piece of WarnerDiscovery. + +&#x200B; + +The Wildcard: The Spinoff + +The deal is sweetened when the spinoff is considered. Both WarnerMedia and Discovery generate impressive EBIDTA. The trailing annual EBIDTA for Warner Media is 8.6B. Discovery’s is 3.6B. Total trailing EBIDTA is 12.2. After merger, WarnerDiscovery will have 4.5x leverage, but plan to deleverage below 3x in less than half a year. At a very conservative multiple of 6x EBIDTA, the market cap of the new company could be 73B and each T share could be worth $7.26 of the new company. This could be higher or lower depending on market sentiment. + +&#x200B; + +Risks: + +Management: John Stankey has been at AT&T since the early 2000s. He was previously in charge of WarnerMedia and we see where that went. The current plan of deleveraging and shrinking the business to focus more on core assets and capital allocation is a great idea. If they veer off this path, that will be a sign to jump ship. + +The spinoff: There are a lot of variables here. Though I believe Discovery will take much better care of WarnerMedia than T ever did. Also at the current stock price, it seems most people are ignoring the spinoff completely. I’m personally very bullish on the combined entity, but I can understand why others may not be. + +&#x200B; + +Conclusion: + +T is a troubled company in the midst of a turnaround, but the stock price does not reflect the value of the business. The current and post-merger dividend are secure based on the dividend to FCF ratio and the current business strategy of focusing on core assets is the right move. Even if T doesn’t grow materially, the price to FCF ratio (post-merger) of 8, will allow them to pay out hefty dividends while shrinking share count. Significant upside is achieved if they can manage even low single digit rates of growth and if WarnerDiscovery is successful. I bought in a few days ago around $23. +Current tickers in my Roth IRA started in January this year. SCHD, NUSI, O, & MAIN. Looking to possibly add ARCC and/or MPW and would like feed back if possible. +Im 28 years old living in CA, my mom passed away last week. Im next of kin and trying to figure out her finances. She has a will and a trust, but lots of credit card debt and a home mortgage (house is in trust but $600k still owed). She has a retirement 401k and a 401k transferred to her through the divorce. I really know nothing, but my grandpa is telling me to try to figure out debt relief or consolidate her debt. My dad, however; is telling me that it is unsecured debt and that I'm not liable and that the banks will eat the debt. Im trying to grieve and figure out all the legal/financial situation i'm now in. I really don’t know where to start or what to do first. We wont have a death certificate until the end of the week, but Im trying to get everything I can get done, done as fast as I can so that her bills do not keeping piling up. My sisters are younger, they want to keep the house until they are ready to go through it, which would be a couple months, but I know that with HOA, property tax, and mortgage it will be a lot of money being thrown away. I'm sorry for all the rambling Im pretty lost and confused and being told so many different things by different people. Any help I can get would be very helpful. +Reddit is full of engineers from Silicon Vally living the Mr Money Moustache lifestyle. + +Us Brits are playing a different game and I'm curious. + +How much money does everyone save per month that goes towards total net worth (Includes pension, does not include house mortgage) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* 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! + +UPDATE 2: I was very honest with my boss and he was very honest with me that my new salary is life changing and unfortunately there was no way he would be allowed to come close to my new salary. It was very amicable and understanding. That being said, I took the new job. I plan on keeping up my software skills and who knows, maybe I'll end up being back in software somehow. That being said, I'm super excited for the new job and all the new experiences it'll bring. + +Update: Thank you all for your input! This blew up so much more than i thought it would. I haven't made a decision but I definitely have a lot more factors to keep in mind. One thing I forgot to mention is that this new job wouldn't start until Feb 2023 . + +Update 2: I want to also clarify that this is a Technical Sales Engineering role, so while it does involve sales, it is sales-adjacent. + +I (23 almost 24, one year out of college) work as a level 1 data engineer at a software company (1000+ employees) making $60k. I realized that I am underpaid for my position. Normally I'd leave immediately but I have a kickass manager who I would follow to the ends of the earth. I have also applied for other data engineering positions, but all interviewers said they were looking for experienced coders. + +My boss has promised me that I will be promoted to level 2 in January, he was actually going to submit the paperwork this month but HR told him it was too late in the year to submit promotional paperwork...The issue is that he also doesn't know how much of a raise I will receive when I am promoted because HR is keeping finances hidden from him as well. Every attempt I have made to get HR to give me an inkling of financial expectations has lead nowhere. This frustration led me to apply for a Technical Sales Engineering job, which I surprisingly got. Money wise, I would be paid 2.5 times my current engineering salary (new salary would be 150k). The issue is that the job would take me out of the software game since it's an electronics company. I want to give my current company a fair shot solely because of my boss and I also want to stay in software, so any advice on how to get HR to tell me what my salary expectations will be? That way I can counter and see what I can get from my promotion before I have to give the job offer an answer by its deadline. + +I also have a side hustle where I tutor students online and make an additional 30k from that but it takes an extra 20 hours of my week. I’d quit that side hustle if I take the job from Company B + +&#x200B; + +Edit: Wanted to clarify my salary amount since there seemed to be confusion. + +Edit 2: A lot of people seem to think this is a purely commission based job so I’ll break down the pay: +$93K Base +20% Yearly Bonus +20%-30% Sales Commission +I’m also getting a $10K signing bonus +I will be paid full 100% of my sales commission for the first two quarters +I don't look at charts, so I'm curious what's popular these days regarding patterns that you guys find interesting/useful. Any feedback is appreciated thanks guys. +I see so many people trying to get people to join their trading group, or buy some book, or even just you tubers trying to make a channel. They claim to have such big wins and make a lot of money, but then why do they need you to give them more? I read a book about trading once that says don’t believe anyone who claims to have any magic trading method, because if they did they would be retired on a island not bothering you, and that is my initial thought as well. My only guess is a source of passive income, but still if they were doing so well that shouldn’t be necessary. Or possibly they just like the attention? Also there had to be some legit ones, and I’ve seen reviews on certain people, because they wouldn’t continue to make money off people if they didn’t really do well, especially since people can see what they are doing. What’s the deal with this? +I have been trading from 10 days now. I follow the "Technical Analysis" on Investing (the website) and TradingView and see if I have to "buy" or "sell" looking at the Moving Averages and Technical Indicators. + +My Question is are there more Softwares, Apps or Websites that show more "Technical Analysis" or something to buy or sell -- preferably free. + Dear fellow retards and crayon-eating apes, + +Today I would like to present you my first DD of a German DAX company: Deutsche Telekom, the mother company of $TMUS, which got recently included in the Berkshire Hathaway portfolio by legend Warren Buffett. I would like to show you why I think that Deutsche Telekom is even a better buy than §TMUS. + +**1) Solid figures, strong strategic market position, and growth outlook. Main growth drivers are an increasing glass fiber rollout potential and its 5G/cell tower portfolio.** + +Deutsche Telekom is the biggest European integrated telecommunications company, with some 242 million mobile customers, 27 million fixed-network lines, and 22 million broadband lines. Deutsche Telekom is present in more than 50 countries, with its main business in Germany and US. On February 26, 2021 the Deutsche Telekom published its results for the 2020 financial year: + +* Increase in **revenue of 25.4 percent to 120.1 bn. $ /101.0 billion euros** +* Adjusted **EBITDA AL increased by 41.6 percent to 41.7 bn. $/ 35.0 billion euros** +* **+388,000 broadband customer** additions in Germany +* Larger T-Mobile US records **5.5 million postpaid customer additions** +* Guidance for 2021: **adjusted EBITDA AL of around 37 billion euros** (44.1$) and **free cash flow AL of around 8.0 billion euros (9.5 $)** + +The **earnings forecast shows a growth of roughly 13.2% per yea**r over the next years. The general outlook is positive. + +**2) Market capitalization of Deutsche Telekom is far below its fair value with a 132 to 194% stock price potential** + +Based on 2020 figures, the industry ratio of market capitalization and annual revenue for the big US players lies in a range between 1.24x to 2.24x, with a Top 3 average of 1.77x: + +* **$TMUS T-Mobile US**: 153.2 bn. $ market cap / 68.4 bn. € annual revenue (2020) with market cap/revenue ratio of **2.24x** +* **$ VZ Verizon Communications:** 234.5 bn. $ market cap / 128.3 bn. $ revenue (2020) with market cap/revenue ratio of **1.83x** +* **$T AT&T Inc.**: 212.8 bn $ market cap / 171.8 $ revenue (2020) with market cap/revenue ratio of **1.24x** +* **Deutsche Telekom:** 91.5 bn. $ market cap / 120.1 bn. $ revenue (2020) with market cap/revenue ratio of **0.76x** + +A fair value for Deutsche Telekom based on the Top 3 industry average of 1.77x would lead to a **fair share price of** **44.64$/37,53€,** which is a **premium of 132%** compared to the current share prices of 19.22$/16,16€. Applying the ratio of its subsidiary §TMUS of 2.24x would even lead to a **stock price potential of 194% resulting in 56.5$/47.50€ share price**. The price-to-earnings ratio is 17.6x and below the industry average of 25.3x (source: [simplywall.st](https://simplywall.st/)). + +**3) The market capitalization of US subsidiary TMUS is worth 65.9 bn.$ - so the remaining business of Deutsche Telekom is worth half its revenue!** + +After the Sprint-merger, Deutsche Telekom owns 43% of all shares of its subsidiary TMUS, with an option to buy the remaining 8% from Softbank until June 2024 (half of the shares for 06/2020 TMUS stock price of roughly 100$). Based on today’s value, the TMUS participation is worth 65.9 bn. $, which is already 72% of Deutsche Telekom's overall market cap. So, the remaining international business of DT with **51.7 bn. $ revenue is only evaluated 25.6 bn. $!** + +**4) The analyst outlook is very promising, showing a conservative 27% upside potential over the next 12 months** + +Based on 13 analyst reports, the 12 months forecast shows a possbile stock price of 24,40$/20,50€, which is a premium of roughly 27% to today's stock price. The range across all analysts is between 20.23$ (Deutsche LB) and 29,25$ (JP Morgan Chase) including 12 Buy and 1 Hold recommendations. + +**5) A high dividend yield of roughly 4% over the past 20 years makes it the most stable and reliable German dividend stock.** + +**6)** **Risks:** + +To me, a comprehensive DD should also cover the risks involved, especially when outlook and forecast seems too good to be true, + +* During the dot-com bubble, Deutsche Telekom showed a crazy race towards its ATH of 120$/100€ in 2000, followed by a crash down to 12$/10€ within the next two years. This led to trauma for many German shareholders, resulting in lethargic stock performance over the past 18 years. The high dividend yield is also a result of this crash, with management trying to please the remaining stock owners. Since DT is a German symbol of the dot-com bubble, there might be a chance that the stock is simply not reacting to the current, positive news. +* Deutsche Telekom has a high net debt of 127.4 bn. $/107.1 bn. € (2020). However, the recurring cash flow is high, covering roughly 22.2% of its debt. The interest payments are fully covered by the profit (3.1x coverage). +* Currently, 14.5% of all shares are owned by the German government which might hamper potential positive share price developments. However, German economics minister Peter Altmeier is considering reducing the German participation (January 2021). Other privatization cases show a positive stock price effect. + +**Summary:** + +Based on all information available, I believe that the upside potential overweighs possible downsides. Even a conservative estimate of 24,40$/20,50€ target stock price reflects a 27% price premium. I personally believe that a **fair estimate based on financial analysis would be 44.64$/37,53€, resulting in a 132% stock price performance**. Overall, I am not a financial advisor, and this is not a financial advice. I simply like the stock. +So, I have been researching some ineicators that may make up for quite the interesting strategy for stock cfd and index trading. + +First, I plan to use two sets of Bollinger Bands, one with a 1sd and the other with a 2sd. If the price goes above the 1sd upper band I'llconsider it my signal for buy, placing take peofit directly above the 2sd upper band and my stop loss right below the 1sd lower band. + +Now, I plan to use RSI to gauge the trend, using 50 as a point of reference, only entering the trade with the Bollinger Band strategy mentioned above when it goes above 50. + +Maybe I can add a MACD to see if there is going to be a soon to happen convergence and have a more solid grasp of how soon the trend will be possibly reversing or if it'll still go on. + + +PD: I'm a novice trader who has recently started practising simulator, please provide me with advice regarding the strategy I came up with. +Original thread: [https://www.reddit.com/r/wallstreetbets/comments/fm7f4c/nyc\_hospitals\_will\_soon\_hit\_capacity/](https://www.reddit.com/r/wallstreetbets/comments/fm7f4c/nyc_hospitals_will_soon_hit_capacity/) + +Hello all. + +I have grim news. + +My hospital is running out of vents. I just got a call while in clinic that we have to decide if I want my elderly patient to go on a vent because they don't have enough vents for the new intubations going on all over the hospital today. + +What was happening in Lombardy Italy 2 weeks ago is now happening here. + +I am in the worst position that I never thought I would have to be in - deciding if my patient should live and in doing so maybe take away the last ventilator for a younger patient. + +&#x200B; + +Tldr; Buy puts, or SPXS once this bill has passed and we hit a peak. SPY gonna come crashing down hard. + +&#x200B; + +EDIT: This is not a rinky dink hospital. It's a big one. Very big. + +EDIT 2: We are on a call right now trying to decide how to triage medications and vents. This is not about me making a profit on stocks. This is about how crazy the situation is. I haven't purchased anything today but you bet your ass I will to protect my long assets. + +&#x200B; + +EDIT 3: We will be rolling out a few protocols to treat patients before they need to be intubated. The place where we can make a difference is before they get to the point where they need vents. However the meds that we need are in severe shortage and yet again we have to triage. Additionally, I bought SPXS at 17.7 just now, missed the dip to 17. + +&#x200B; +Hi, + +I'm trying to come up with the best financial option to support my mum who is homeless and unable to consistently work due to illness. + +I have 130k in the bank but that still wouldn't be enough to buy anything where my siblings live in London. I have moved away for a great job and I am happily renting and still saving £1k per month. + +The council cant pay the market rent even if a landlord would accept dss so absolutely hopeless there. + +I'm thinking I have the options of +1) buy a cheaper house further away +2) pay my mums private rent +3)use help to buy to buy in the ideal area and just let me mum live there + +Are there any better options I haven't considered? + +Thankyou +* Bitcoin Cash (BCH) totally fixes the quadratic scaling of sighash operations bug, by using the new transaction digest algorithm for signature verification in BIP143 (part of the SegWit upgrade). In my view, Bitcoin Cash therefore has most of the benefits of SegWit and has superior scalability properties to SegWit2x (B2X) + +* Bitcoin Cash has 8MB blocks, allowing for a significant increase in transaction capacity, while mitigating the negative impact of higher block verification times. SegWit2x (B2X) has lower effective capacity at only around 4MB, yet doesn’t mitigate the impact of the quadratic hashing bug as well as Bitcoin Cash. SegWit2x has a 2MB limit for buggy quadratic hashing transactions (while Bitcoin Cash totally bans these buggy transactions) + +* Bitcoin Cash includes strong 2 way protection, such that users and exchanges are protected, because Bitcoin Cash transactions are invalid on Bitcoin and Bitcoin transactions are invalid on Bitcoin Cash. In contrast, SegWit2x (B2X), does not include such protection, this is likely to cause mass loss of funds for users and exchanges. + +* Bitcoin Cash had a new downward difficulty adjustment, this made the Bitcoin Cash block header invalid according to Bitcoin’s rules. Mobile wallets therefore need to upgrade to follow the Bitcoin Cash chain. In contrast, the SegWit2x block header will be considered valid by existing mobile wallets, this could cause chaos, with wallets switching from chain to chain or following a different chain to the one their transactions occurred on. + +* Since SegWit2x doesn’t have safety features, that ensure both coins can seamlessly exists side by side, it is considered by many as a hostile attack on Bitcoin, without respecting user rights to use and trade in the coin of their choice. In contrast Bitcoin Cash does respect user rights and is therefore respected by almost all sections of the Bitcoin community and not regarded as hostile. + +In my view, the Segwit2x (B2X) project should now be considered totally unnecessary, as the Bitcoin Cash coin has done something similar to what was planned, but in a much better and safer way. SegWit2x (B2X) should be abandoned. + +Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text Character limit text + +[ Translation of the most important part: After asking how the Transfer is going, the agent replied: We don\`t do advanced, we only book when the shares are here. ](https://preview.redd.it/25rnp8o2mlf81.jpg?width=1080&format=pjpg&auto=webp&s=4464dedabbed3ccb619771f15533703cd7796325) +So I was scrolling through a sea of purple 🟣 and as usual I click on a few and see some 6 fig positions. Like always, I thought "wow that's a lot of figs", but then I realized... Wait! Not only is that a lot of figs, they're proving that their figs are still in the fight. It's like the river (I think) in poker. Everyone is showing their hand. And no one was bluffing. The x, xx, xxx, and xxxx+ positions are all there and I don't know why it took me so long to think about it that way. It was a very "and my axe" moment for me. + +Anyway, I'm sure everyone has thought this already, but it got me pretty hyped up. GG, my pals. +Hi all, + +I know this subject gets brought up constantly but i've searched through posts and couldn't find any with similar enough circumstances. + +My partner and I just moved to Sydney, from Newcastle. We are both mid/late 20's. Combined income is 187k plus super, pre tax. We earn good money but this is fairly recent so combined total savings and investments is 55k. Currently renting for $620/week. + +We had starting looking in Newcastle in 2019, when a 3 bed house in a fairly close area (gateshead) could be bought for 450-500k or less. That figure then rose to 650k this year and we were priced out on our Newcastle wages. + +Now we are in Sydney, we earn more but buying anything at all seems to be completely out of reach. Both work in North Sydney but are happy to go anywhere within 30/40 mins of the cbd. + +We went to look at a 1 bed apartment today for which the guide is 900k- it's nice but even a run down 1 bed is 800+. Is it even possible? A few years ago a 2 bed townhouse in Surry Hills etc would've been that price. We could move far out of the city and commute, but it's a big impact on quality of life. Can't move back to Newcastle and buy because our salaries would be lower. + +In short- how far should we push it? We are worried about getting completely priced out of the market if we don't buy now. Realise we are lucky to be earning better money than a lot of people so I hope this post doesn't come across the wrong way. + +Thanks! +Hi. It seems the most important benefit of investing in private real estate is the potential to use **leverage** to boost both capital appreciation and yield. Provided there is enough net yield to cover interest and mortgage payments, eventually, as you start paying off the debt, you could achieve a pretty strong return. Assuming a 2% growth rate in the capital value, with a 20% deposit you are leveraging at 5X. If you were to maintain this LTV ratio of 80%, you'd basically be getting 10% IRR excluding interest expenses/yield. Of course, if the yield increases or you can produce a net yield after interest, you are getting some uplift there too. It wouldn't be inconceivable to manage 20% IRR. + +Stocks might net 5-7% per annum (without making any significant, optimistic assumptions). Using leverage with stocks is generally ill-advised as even 2X "LTV" could/would get you margin-called in a recessionary crash (e.g. Q1 2020). + +So, I'm thinking, what important elements am I missing here? Excluding the geographical risk of the property, which is no doubt important to consider. But with enough properties (long term) you could achieve some degree of diversification (albeit not to the extent afforded by stock index funds). +Is Twitter not a guaranteed 8-10% profit right now? + +Basically just like the title says. Now that Elon’s purchase of Twitter is official, we know that he is going to be paying out to shareholders $54.20 per share and Twitter is currently trading right around $50/share. Is it not guaranteed profit to just buy stock at or around $50/share and wait for your payout of roughly ~$4.20 per share at $54.20/share? + +Is it simply because we don’t yet know when the payout will take place? Because if it takes a year+ for example, then that makes sense because the returns aren’t as great the longer the buyout takes. + +Anyway just curious if I am missing something here. Thanks! +Any ideas? I was thinking otm puts and calls but if the stock stays the same I can’t be hedge. + +Another idea is I can wheel an index and buy deep itm tqqq and dtm itm uvxy calls. 5% portfolio position each but this still wouldn’t hedge against if the stock goes sideways. + +How can I hedge a a wheel where my hedge pays out if it goes up, down and sideways? + +I know what your thinking sideways I will just collect premiums selling options but not if it moves up and down a lot making it unprofitable but not significantly go in one direction at the same time. + + +Thanks in advance, I am stumped +So, I'm a very recent member of theta gang and to be honest, I have very little clue what I am doing. Any advice would be appreciated, even if its scathing. + +So, my situation is I have 100 shares of a stock at a cost basis of $13.30. I sold a CC at a premium of $.85 at a strike price of $12.50. I'm bearish on this stock for the short term, and hope ideally that it does go below 12.50 and expire OTM. From what I know, this is a basic wheel strat. + +Even if it doesn't go OTM, I can still repurchase the option and close my position and keep the difference in premiums, as it goes down from theta. + +Regardless, according to my math, no matter how high this stock goes if it does stay ITM, the contract sells each for 12.50, so my loss on the stock itself is 1250-1330, so $80. However, I still keep the $83 premium, so no matter what happens, I have at least a $3 profit? + +Am I missing something? I know I have to be, since I was taught at a young age that free money isn't possible. Or is my math actually right? +Hello, + +As a noob learning all about this, I am trying to process something. + +I know that for any strategy to work on the market, it needs to hinge on an advantage, something Mr Market doesn't see or do, "something that you know that the others don't". Otherwise, it can work on isolated cases, for a long time even, but not in the long run. + +Somebody argued in another thread that *"The wheel is just a bet that volatility is priced in higher than it actually is."* \- I'm trying to wrap my mind around this. Is it really this? If so, how am I legitimate to make this bet? (I have no privileged information or super-computers). + +I'd be really interested in a clear and convincing explanation of the advantage(s) that is/are at work when one runs the wheel. +I recently watched an interview with Ray Dalio and Grantham. - ([https://youtu.be/peCAzmkC5o4](https://youtu.be/peCAzmkC5o4)) + +They said the bigger the bubble the deeper the depression. This bubble is bigger than 2000-2008 or 1929. Like the saying goes no pain no gain. So expect a lot of pain in the very near future and a lot of gain after the market crashes to the bottom and goes to the next record-breaking High. Eventually expect the feds to introduce qe4 after their failed stimulus packages, never ending money printing policy, interest rates hikes and broken economy. Expect a lot of pain with inflation it will continue for a very long time. Hopefully the average American household income will raise to meet the inflation bubble. +Hello friends! More posts about the ["price anomalies" today](https://www.reddit.com/r/Superstonk/comments/mvszia/anomalies_cracked/) (thank you [u/Gdott](https://www.reddit.com/user/Gdott/)!) and the debate on whether this was GLITCH OR NO GLITCH?? irritated me enough that I built a time and sales analysis spreadsheet. + +[death by acronyms. popular exchanges and what they do.](https://preview.redd.it/vooe3fytaou61.png?width=501&format=png&auto=webp&s=ca446273e02b781d1f13e69a96108d9dcb098dae) + +The time and sales data is directly exported out of fidelity trader pro, and I have checked to make sure this was no error in saving. There's WAYYYY more weird stuff going on than just this, but it will take a full post to go through everything. For now, I've loaded all time and sales data from 4/21 market hours, and started by searching for any trades that executed **OVER** ~~$0.50~~ $0.05 (ape need sleep) outside the bid-ask window. + +[this many data points total](https://preview.redd.it/yejocr55cou61.png?width=395&format=png&auto=webp&s=5e61204098f56b03e9a63cb461ed5b513e1209f2) + +[how many are this far outside the bid-ask range?](https://preview.redd.it/scenkigkbou61.png?width=747&format=png&auto=webp&s=e20812f3b271f7f2097d49b1a44740c773f6debb) + +[880 holy fuck](https://preview.redd.it/tcr1l85mcou61.png?width=343&format=png&auto=webp&s=993ca090451d3b1f3bbd9409f2d17502d6d6f130) + +Okay let's look for really fucked up shit. $5 bucks outside the bid-ask. + +https://preview.redd.it/mkotuf0tcou61.png?width=747&format=png&auto=webp&s=58e1d72b4b5a5b5d25df3d41b1f99042057297f2 + +[Still not zero?](https://preview.redd.it/7n016lc8dou61.png?width=343&format=png&auto=webp&s=35fa30e4432d5ef7b010a93111e00e55d0261429) + +So I found the buggers in the data so I could show all my friends pretty pictures of shit-I-don't-undertand-how-is-possible- + +https://preview.redd.it/uadfkpjpdou61.png?width=1242&format=png&auto=webp&s=bf8918b5988fea5319e139d6d29826cb51a602f3 + +https://preview.redd.it/697m0k4tdou61.png?width=1242&format=png&auto=webp&s=3a65b9cd4d2798e0c8e3c1afd5310a7ef1fd600f + +https://preview.redd.it/lq8ogotwdou61.png?width=1269&format=png&auto=webp&s=0dc5739ce0503775287f6feae1964d3369f0f8d2 + +https://preview.redd.it/3thm22t0eou61.png?width=1262&format=png&auto=webp&s=9ac8ff62f2668b806f8480fa06f3c0c6429ec4d1 + +https://preview.redd.it/vt6t14s3eou61.png?width=1270&format=png&auto=webp&s=517d6b267c95cf00508fd9311ea765eaac12e66c + +https://preview.redd.it/ngo4j186eou61.png?width=1270&format=png&auto=webp&s=14a777b17fb1c9aae16a9780a1788dc1dc033e75 + +https://preview.redd.it/5ir0v0laeou61.png?width=1289&format=png&auto=webp&s=049031c461a37872a00f8c8fa19a9821937f27f8 + +https://preview.redd.it/1kvmlf3eeou61.png?width=1286&format=png&auto=webp&s=1775adf3a1778842942181e9588dbd302f628b8f + +https://preview.redd.it/rwbb09aieou61.png?width=1266&format=png&auto=webp&s=a3845e733077c54e8dcc963432aaf5cd86443a3a + +And then there was this shit? + +[just fucking how](https://preview.redd.it/korvd29peou61.png?width=1277&format=png&auto=webp&s=89e44268b271b64c9fadb942f1438973ea136de7) + +[NOTHING TO SEE HERE](https://preview.redd.it/ccr0oqtteou61.png?width=1282&format=png&auto=webp&s=a310f1e855685b8499dd810a11a6b98669364d62) + +And THERE'S YOUR PROOF..... that I'm probably going insane. TILL NEXT TIME- 💎🙌🦍🚀🚀🚀🚀🚀🚀🚀 +I recently changed jobs and went from 14 an hour to 17. I like it so far and there's actual raises and bonuses every few months. And it's easy to move up in the company. But I'm struggling with budgeting. I want to know if this looks okay and how I can improve. + +&#x200B; + +&#x200B; + +**Budget** + +Rent $720(1-5th) + +Internet $58 (24th/j) + +Meds $30 ($10 for 3 different ones) + +Husbands Meds $17 + +Husbands's phone $35 + +My Phone $25 (19th)-$75 every 3 months + +Food $400 (2 people/1 dog/2 cats and includes toilet paper/shampoo/dishsoap/etc (about $13.91 a month)(7th and 22nd) + +Car insurance $85.39 (26th/J) + +Gas $50 + +Renter’s Insurance $55.56(3rd/J) + +Hulu $13.93(share with family) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Smile Bright Denture bill for the year $105.62 (22nd)(if not paid, they try again in 21 days/J) + +ER bill for the month $70 (22nd/J) + +Dog eye surgery $50 (until it’s paid off)(22nd) + +Health Clinic Bill $83.35(22nd/G) + +In-laws: $50 (7th) + +&#x200B; + +**Total: $1878.85** + +**Without payment plans: $1519.88** + +income every month net: $2080 + +We're looking for therapy right now for my husband so he can find work as well. I know that'll help but it'll still take time. Our landlords are only doing 9 month contracts now and just raised the rent. We're fairly sure they'll keep raising the rent and after a year or so, we won't be able to afford it. + +&#x200B; + +Does this budget look okay? How can I improve my income without investing/going into trades? + +&#x200B; + +**Update**: + +I appreciate everyone giving advice. A lot of good things I hadn't thought of. I'll be researching to see what we can get in our area. + +&#x200B; + +I'm not giving up my pets. They cost us barely 20 dollars a month and because the little stinkers need attention and exercise, it gives ME a reason to actually get out of bed and keep working. Pets really help those that struggle with depression and anxiety. + +&#x200B; + +My husband. Of course so many comments were about him just getting a job asap. We've tried for years for this. We've applied for disability and even tried to repeal. It's a mental disability that he needs medication for. Without his meds and therapy, he's not him. If we can have the therapist confirm his diagnoses, we can get him on the right meds again and he can work. It's a long story but for now, no he can't work. + +He donates plasma and does odd jobs to help contribute while we fight for this. We use Instacart/Grubhub, etc but in our area, we would lose money instead of making it due to the cost of gas and how little work there was. We have a game plan for him and I and though we're struggling right now, I won't force him to work. He beats himself up enough over the fact that he doesn't have a job right now and I won't contribute to that. + +&#x200B; + +Our Internet is high and gas is low because I work from home. We rarely go anywhere. Maybe once or twice a month. Plasma center is a short walk for us and groceries are delivered. +If I need to take my car in for routine maintenance, (oil changes, tire rotations, transmission changes and such) what are some things that shops will try and sell you that are really not necessary? For those of us unfamiliar with the inner workings of cars and most other machinery + +To all those jumping to defend mechanics: I realized that there are many wonderful, talented and honest people in this industry, I was simply hoping to foster a discussion so that those who are, shall we say, less than mechanically inclined (johnson bars and headlight fluid and such) will not needlessly waste money when their cars need service. I think the general consensus here is that we need to take the car to someone who IS reputable, but the problem is finding them. Knowing which things are completely unnecessary can help to determine this, and find those good businesses out there. +Teacher in the US here so here is my current breakdown of my finances, i'm reading and watching and learning so much but most of the videos i've watched are focused on saving up for real estate investments (This will take me a long time on my salary) but I do enjoy teaching and don't want to leave it for a sales job (non-guaranteed incomes are not for me). + +*Breakdown* +36,000 a year = around 26k a year after retirement, insurance, taxes. +26,000 net +40% goes to living expenses; house,car,food. Utilities are included in my shared housing. +Past two months i've saved 40% of gross and it's just sitting in my banks savings account with an apy of 2% +10% goes to student loans. +10% goes to spending/entertainment (It's not a lot) +**866 to living, 866 to savings, 200~ in variances that is spent on things like gas, restaurants, cell phone bill.** + +I can't really lower my bills/car stuff so 40% of net is about all I can manage to save but at 2% it's going to take years before I see any real returns building from it. Isn't there some better use for my money than this? + +**Edit: As one poster informed me i'm actually saving 40% of my net income, not gross. Sorry for the misleading title I did not realize I was using the wrong term.** + +**Second Edit:** +I will be logging off soon (I didn't realize it was getting this late on a work night) *thank you all for the advice.* +You have given me a lot to think about and research, especially the Roth IRA/Mutual Fund/ETF there are a lot of things I just don't know about that yet. My plan is to contact a financial adviser once I see if my job as a teacher can get me free/cheaper advisement. + +** *Takeaways* ** +Look at paying off student loans first since the PSLF system can be volatile and may not truly help me where I could have paid my loans off earlier with less interest. +Create one of the above terms I don't know funds after talking with a financial adviser. +Use some savings and look into buying a house for the long term equity as I don't plan to move from my area for the majority of my life. (Save for 30-40% down payment to reduce mortgage is my plan there) +Maybe look into getting my Masters Degree for the higher income per year and chance for advancement in the education system. +Increase my emergency fund to 10-12 months if possible (seems long, but I understand having that security would be great for me.) + +I'm sure there will be even better information when I check back before work in the morning. I will do my best to read as much as I can to help make my life more successful in the long run. +You know what happens, when Elon tweets, we eat. We've all had enough of getting rugged, so let's make this one count. + +MarsBaseAlpha is a new community coin based off Elon’s recent tweet. The ownership is renounced, contract verified, Liquidity entirely burnt. Your funds are safe here. Get in on this 100x before hype FOMOs in! + +The website is already in the works and you can see some work in progress pictures in the telegram group! Big marketing plans are being announced soon as well. This community is dedicated and you can be sure they're gonna go the extra mile. + +🌕JOIN TELEGRAM: [https://t.me/MarsBaseAlphaComm](https://t.me/MarsBaseAlphaComm) + +🌕MBA is a BSC Token designed to pump hard + +🌕 WHY SHOULD YOU BUY MBA: + +· Elon musk tweet coin + +· Strong community that is shilling hard already + +· Liquidity locked on Dxsale + +🌕 site: [https://marsbasealphabsc.com/](https://marsbasealphabsc.com/) + +contract: 0x33e5efe189c29cc9a0e146c9e7af656fa0f5ce8b +First timer here. + +My wife and I bought and moved into our first house around 6 months ago. + +All seemed great. We liked the house when we looked around, area seemed nice, it was within budget and ticked most of our want/need list. + +Since then I’m just getting more and more sick of it with each passing day. + +- One set of neighbours are incredibly loud. Screaming at their kids all the time and (trying not to sound snobby) aren’t typical of what we thought the demographic would be. +- It’s an early Victorian house. We thought that it would be great living in a period property but it’s actually just a pain in the arse. It feels like there’s always something that needs fixing. +- It’s just not suitable for modern living. Sure it looks nice, but I can now see why modern houses have different layouts and different sized rooms. It’s because the old ways were rubbish. +- It’s a terrace. We thought it would be fine for noise, old house well built etc it won’t be noisy. Actually, noise travels more than our old rental place which was a new build. +- On street parking. We neglected the importance of off street parking. We’re not far from the local primary school. We have two cars. You can imagine our frustration! + +Anyway. I want to move but my wife thinks we’ll lose too much money and we should stay put for a while. I think now would be the best time so we can avoid SDLT which would be the biggest moving cost. + +Is this just buyers remorse? Or do we GTFO? +http://www.mrmoneymustache.com/2017/11/05/when-your-shitty-health-insurance-doubles-in-price/ + +He lays out how he approached his ever-increasing health insurance costs. Summary of the options he considered: + +* Full Self Insurance +* 2.9 Months per year of Self Insurance (to avoid IRS penalty) +* Medical Tourism +* joining a “Healthshare Ministry” like Libertyshare +* expat insurance like Cigna +* Artificial poverty (reducing my income to a level where we’d qualify for subsidies) + +*EDIT 1: I added a follow up DD using data and SEC rules to discuss whether this is even possible to pull off:* [*https://www.reddit.com/r/Superstonk/comments/mwyeef/lesson\_two\_why\_hedgies\_using\_cxc\_is\_unlikely\_but/*](https://www.reddit.com/r/Superstonk/comments/mwyeef/lesson_two_why_hedgies_using_cxc_is_unlikely_but/)*. I think it would be extremely unlikely for this to actually have happened, but theoretically it is possible.* + +&#x200B; + +*This post is for entertainment purposes only. As an ape with a diet of crayons and bananas, I like writing screenplays like the following hypothetical.* + +This lesson will be told by way of a story. More details can be found here: + +THE SETUP + +There once was a young, bright boy named Brad or Chase or some shit. He goes to work for a hedge fund. The hedge fund shorts a company to the tits and, to its great surprise, the company doesn’t go under. A battle ensues for months. Billions of dollars lost. New rules require the fund to post collateral to keep their short options open. + +The head of the fund, Ben Biffin, is a known hothead who calls everyone into his office. Ben says “Brad/Chase, you wanna be a swinging dick here, here’s your shot. How do we generate billions of dollars of value so you get that Ferrari 812 Superfast you’ve been eyeing?” + +Brad/Chase says “Pfff, you want a billion, I’ll give you a trillion.” + +He begins to describe his plan. + +THE PLAN + +We’ll use crypto. There have been hundreds of pump and dump schemes, but the greatest thing here is that we don’t even need to worry about it dumping. We’ll use an obscure coin traded on a couple unknown exchanges with no volume (say CXC [https://coinmarketcap.com/currencies/capital-x-cell/](https://coinmarketcap.com/currencies/capital-x-cell/)). + +We’ll buy up the coins, there’s no liquidity so we will determine the price. I’m going to need a couple million dollars. + +Ben says “This better be worth it – make it happen. Call our friends, they need the help too. But your ass is on the line if this fails.” + +THE EXECUTION + +So this coin is bought on the exchange. More than $2 million is traded for the day and the price shoots up from $0.09415 to a high of $3,500.31 and settles around $2,900 per CXC. On paper the market cap of this coin is $1,197,892,409,126.76 or $1.2 TRILLION. + +THE COVER UP + +Now Brad/Chase talks to the accounting group. “We have the current market value for a shitcoin of $200 billion (our friends hold another $200 billion worth). Hide it in our commodities and financial instruments assets in our balance sheet so the SEC sees how sexy our collateral is and gives us some of their zipple.” The accounting group gets to work. + +The news publishes a story, “Record gains for hedge fund during quarter”. The regulator is satisfied because the assets underlying the risky shorts appear to more than cover their exposure. Brad/Chad gets his sweet ride. Apes continue to hold the company’s shares waiting for a squeeze or the head ape to transform the company into an e-commerce giant – in any case, the squeeze is kicked down the road, while Ben and Brad/Chase continue their scheming. + +***What do you think of this tale?*** + +***Sounds insane? It is insane. I’ve never been able to get the crayons out of my fur or out from between my teeth. Don’t trust me.*** +Kindly explain experts , received this just now ! + + Dear Unitholder, Greetings from Franklin Templeton Investments. Thank you for your investment with Franklin Templeton Mutual Fund. + + +In order to ensure fair treatment to all investors in case of a credit event and to deal with liquidity risk, SEBI has permitted creation of segregated portfolio of debt and money market instruments by mutual funds schemes vide SEBI circular No. SEBI/HO/IMD/DF2/CIR/P/2018/160 dated December 28, 2018. + + +Franklin Templeton Mutual Fund proposes to include provisions related to creation of segregated portfolios in the Scheme Information Document (SID) of the following Scheme(s), effective December 26, 2019: + +1. Franklin India Liquid Fund +2. Franklin India Overnight Fund +3. Franklin India Floating Rate Fund +4. Franklin India Savings Fund +5. Franklin India Government Securities Fund +6. Franklin India Corporate Debt Fund +7. Franklin India Dynamic Accrual Fund +8. Franklin India Low Duration Fund +9. Franklin India Short Term Income Plan +10. Franklin India Income Opportunities Fund +11. Franklin India Ultra Short Bond Fund +12. Franklin India Credit Risk Fund +13. Franklin India Banking & PSU Debt Fund +14. Franklin India Equity Hybrid Fund +15. Franklin India Debt Hybrid Fund +16. Franklin India Pension Plan +17. Franklin India Equity Savings Fund + +We have received approval from the Board of Directors of the Franklin Templeton Asset Management (India) Pvt. Ltd. (investment manager for schemes of Franklin Templeton Mutual Fund) and Franklin Templeton Trustee Services Pvt. Ltd. (the Trustee to the schemes of Franklin Templeton Mutual Fund), to include provisions related to creation of segregated portfolios in the Scheme Information Document (SID) of respective Schemes. + + +[**Click here**](http://click.e.franklintempleton.com/?qs=96ffc1d485cc8a6d80e425f3e874564b1bed465c8ee720b957fbcc48cfebb82de41f90a2d5adca2032e69b09c6eea3d87c916d2441ee62f13eb166330a989179) to read the **Addendum to the Scheme Information Document of the Scheme(s)** informing investors about detailed provisions related to creation of segregated portfolios. We shall also be issuing the said addendum in newspapers. + + +All the other terms and conditions of the Scheme Information Document of the Scheme(s), read with the Addenda issued from time to time will remain unchanged. + + +The inclusion of provision to enable creation of segregated portfolio in the aforesaid Scheme(s) constitute change in fundamental attributes of the Scheme(s). In terms of prevailing regulatory requirements, unitholders in the aforesaid Scheme(s) are given an option to exit at the prevailing Net Asset Value (NAV) without any exit load, in case they do not wish to continue in the said Scheme(s) in view of the change in the fundamental attribute. The period of this no load exit offer is from November 25, 2019 to December 24, 2019 (both days inclusive). The redemption request for this purpose may be submitted at any of Official Points of Acceptance of Transactions (OPAT) of Franklin Templeton Mutual Fund, and the NAV applicable will be based on the day and time the application is received at any of the designated OPAT. Unitholders who do not exercise the exit option on or before 3.00 p.m. on December 24, 2019 would be deemed to have consented to the proposed change. + + +However, the exit option without load will not be available to investments in the said Scheme(s) made on or after November 25, 2019. Unitholders who have pledged their units will need to procure a release of their pledge prior to submitting their redemption request. + + +**If you have no objection to the proposed change, no action needs to be taken by you.** +Assume that in the house, there is money lying around with everyone. Husband has some in his bank account and wallet. Wife has some in her bank account and purse and some that she has lent to her friend and relatives. Kids have some money in their piggy bank and between the books. Grandparents have money under their pillow. How does one figure out what is the total money with the family? Just asking is not bringing out the right answers. So now if the currency was demonetized then everyone will be forced to break their piggy banks etc and bring the cash out. + +That is exactly what the government is trying to do. + +Over the last many decades, money has be printed both legally and illegally. It is being circulated legally and illegally. It is being hoarded. + +Govt just wants to know how much money is out there. And this demonetization will do exactly that. People will either deposit the cash money in their accounts or replace it with new notes. + +Govt knows changing notes will not eliminate corruption. It will not make people honest. + +All they want to know is the size of their kitty purse and demonetization will help them in achieve the goal. +I have seen that Niyo provides 7% on savings account if the amount is above 1 Lakh. + +If anyone has used Niyo, can you explain what are the pros and cons you have faced with it. +Can anyone share their experience of persisting with their investments during market downturns, which paid them back later? +This current bearishness is my first such experience, and I can't help but feel hopeless though I'm ready to see it through. +Edit : Grammar +Opens weaker at 73.30s goes till 73.50s. + +Finance ministry official says they are considering separate window for oil companies, rupee quickly appreciates till 72.90. + +Rbi comes in later denying any oil window or knee jerk reactions. Quickly depreciates to 73.30. closes at 73.33. + +Post close rbi says omcs can borrow overseas using ecb, relaxing norms. + +Offshore rupee shrugs it off and is trading near 73.50. + +75 is near. Prepare for carnage +Ramu does not have salary income, and his sole income is capital gains from debt funds. Ramu has no 80C, nor does he pay rent. + +Let us say, Ramu earns 4L as LTCG from Debt funds a certain FY. Ramu does not have to bother about 2.5L, the ceiling. The rest 1.5L, if considered as LTCG taxation will be 20.9% after indexation, which - let us say - comes to around 10% effectively. Now, if that 1.5L is considered as regular income taxed at applicable rates, it will be taxed at 5%, which is interestingly lesser. Is this allowed at all, to show LTCG as regular income to be taxed at applicable rates? + + +Hi, I'm willing to invest in cinema stocks (PVR/INOX). Today both of them fell because government announced they would remain closed till end of august. Even if they open after august am sure most people won't go to cinema and occupancy rate will be very low. + +Since cinema business was closed in Q1, there would be zero revenue from cinema business and after their quarter results are out I expect them to fall further and I can then buy it in discount. + +Problem am having is **debt**, I know stock won't perform in short term, but hypothetically if cinema remains closed for next 6-12 months there interest would keep piling up there is no revenue from cinema business + interest + even after it opens occupancy rate would be low initially (it would recover eventually) + +As an investor what you think, is it worth the risk? +[Passbook screenshot](https://imgur.com/a/4JIM4wO) since this sub does not allow images. + +Can someone please help me understand what each of the following columns mean? + +1. EPF wages +2. EPS wages +3. Employee share +4. Employer share (while these two are self explanatory, how does they differ from first two columns?) +5. Why would employer withdraw my EPF money? +6. Pension contribution? + +&#x200B; + +Second question is, how is all of these calculations done? + +Last question is, if I transfer the money when I switch jobs, does the interest also gets transferred? + +What if I don't transfer my EPF from previous employer to current? +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? +I am starting to think this is the way. Sell CSPs until you get the stock price for what you want it for. If MP never drops, cool you just keep collecting premium. I really hope I get assigned after selling two or three puts so I can actually have some stock that I was intending on having. Then just sell another put deeper ITM if I want to hold it and still collect premium or just HODL. +At least for me it is. For example, I follow a lot of beauty and lifestyle YouTubers who frequently upload haul videos, "new at the drugstore", and "YouTube made me buy it" types of videos. I ignore those videos entirely in order to cut my temptation. Often times I will only watch videos 6 months or older to avoid the "OMG I have to have this brand new trending item" envy. + +This is just one key way I have adjusted my habits to save money (I also avoid driving in the direction of my favorite coffee house). What habits have you adjusted in order to curb spending? +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. +Hi everyone. My parents (50M) and (49F) have been self employed for 22 years, running an earthmoving business. I’ve just found out for a large portion of this time they haven’t been paying themselves any super, and don’t really have anything similar to utilise when they retire. My Mum has worked for various other companies in between and has about $13,000 in super, and has been putting $50 a week aside in a separate fund for my Dad for a couple of years, which has about $6500 in it. My Mum is insistent on having my Dad’s super include death and total disability cover, as he is the main income earner in the family, which has premiums of about $1300 a year. This cover is basically wiping most of the gains that the money in my Dad’s super is making. + +I’m not very knowledgeable on super at all, but I want to help out as best I can, as I don’t want to see my parents struggle in retirement. Any advice on where to start? +If I search under new in the last 3 hours there are like 20 posts, mostly reposts from 2,3 days ago. +Than if I search under hot or best I got posts with 30,40 upvotes the top post having 150 upvotes. +The problem I have lately I’m searching mostly by new to get some good post but this sub is definable acting strange lately . + +Yesterday there was a post made by an ape about Etoro forcing him to sell his shares and close his account in 3 days but it got only 100upvotes in one day and didn’t gain traction . The post seems legit with pics of the emails between him and the broker. +I don’t understand how come a post like this has no traction on this sub. + +Any other apes having problems with this sub or I’m going loco??? + +Edit: u/-jimmyg please give him some upvotes for more visibility . + + +Edit: Guys here is my problem , I was never good at karma farming and if you check my karma I never tried , but this post has 400 upvotes in 2 hours while poor Jimmy’s who gut fucked big time by etoro posted like 24h ago has 120 upvotes. + +Imagine etoro liquidating all the GME position at the same time how fucked up that will be, exactly how they gave Jimmy a three day notice to close his account. + +His post is more important than this one but it has no visibility!!! +Straight from the ~~OCC's~~ ~~horse's~~ ~~whore's~~ complicit 'self-regulating' market entity's mouth: "contains supplemental material to accommodate the introduction of a third type of implied volatility option with an exercise settlement value that is calculated differently from other existing implied volatility options." [https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document](https://www.theocc.com/Company-Information/Documents-and-Archives/Options-Disclosure-Document) + +&#x200B; + +[hmmm, you don't say...](https://preview.redd.it/0m222yojgf181.png?width=1060&format=png&auto=webp&s=e93720757b2cbdd674efdab07aacb6bf4475c782) + +Scrolled through New for awhile and searched various keywords/phrases and haven't seen this mentioned yet. Seemed relevant for everyone's favorite stonk (that also happens to be especially volatile recently, after a bit of, shall we say, *sideways trading,* looking at you [u/johnwithcheese](https://www.reddit.com/user/johnwithcheese/)). Seemed especially relevant considering the recent DD on variance swaps by u/leenixus and frends, related/supporting work by u/mauerastronaut and everyone's favorite pomeraniape u/criand. Seems like it also might help explain curveballs thrown at u/gherkinit's current well-formed and data-tested hypothesis, and those of others' as well. + +The last time that this type of product was introduced was October 2018 (and April 2015 before that): + +&#x200B; + +https://preview.redd.it/lrhiqedgkf181.png?width=425&format=png&auto=webp&s=ef348b98b5aa5f0b6b0b2c69787ec1284c142d27 + +Also felt worth mentioning that it gets mentioned at the literal last sentence of the 97 page document (and syntactically separate from the previous list of (vii) inlcusions): + +&#x200B; + +https://preview.redd.it/1q7pn93nlf181.png?width=403&format=png&auto=webp&s=1ae3f9fa73c3e54046e9b85a9801bf92689eb486 + +One of the points that jumped out at me the most is that the relevant variance swap products were valued at end of day, which determines exercise settlement value and directly affects when the swap owners have to hedge/cover/roll/etc. How much you wanna bet this new implied volatility option isn't valued at EOD...? Drum rolllllllll please: + +&#x200B; + +[Well you don't say, values derived from a range of component put and call options, or values of same put\/call options calculated during one or more periods of time at or near the OPENING of trading. Seems totally legit, transparent, and non-shady.](https://preview.redd.it/laoqy13tmf181.png?width=980&format=png&auto=webp&s=83348478d69549af45dd26b37b9a71b9ff0c69dc) + +So yeah there's that. Oh, and if the underlying stock doesn't trade at open for whatever reason, *a substitute value* (pg 33), can be used in place of the opening values or range of values or whatever other horse shit they come up with that makes the numbers line up closer to where they need them. I mean, come on... + +&#x200B; + +[as long as you yell SURPRISE first. i don't know about you, but i didn't hear anyone yell this time ;-;](https://preview.redd.it/6ary6zu3uf181.jpg?width=1080&format=pjpg&auto=webp&s=d70254b737412d0d2d9a7ef9f1db76ddaff64053) + +There are a bunch more notable amendments, including these from two paragraphs on page 47 of the document, regarding settlement and exercise of options held by individuals outside the US: + +&#x200B; + +https://preview.redd.it/q9dp8mpyof181.png?width=830&format=png&auto=webp&s=1d8bdbfdc0266c75451e219bad6c49a5c42510a8 + +These amendments appear to remove the ICC from the equation in these types of settlements, as well as allow the OCC to "discharge" their "obligation to deliver or pay... in satisfaction of option exercises" to correspondent banks, forcing "brokerage firms and their customers" to rely on said correspondent banks "to deliver or pay". Let's pass that buck around some more, shall we...? + +There are other amendments that also appear to be notable, juicy, and possibly relevant, tidbits in addition to these (especially those that relate to new IV option type, settlement and exercise, and "Special Features of Flexibly Structured Options"), but I'm somewhere half- and full-baked and am gonna wrap-up for now and go chill for a bit. + +*\*passes doobie to the left and just barely remembers to do a TL:DR for the fellow smoothies\** + +# TL;DR: The new (October 2021) Options Disclosure Document from the OCC introduced a new type of implied volatility option, and its valuation is handled differently than existing IV options (value at open/range of values at open instead of value at EOD). The last time this happened was in October 2018. Other amendments include various changes to settlement and exercise procedure. + +# SPECULATION: Feels particularly relevant to current context, market action, and recent DD; might help explain recent volatility and be helpful in adjusting current hypotheses. + +EDIT: It was kindly brought to my attention that calling the OCC a 'whore' is actually an insult to sex workers worldwide, and that the use of the word 'whore' in that context could be considered insulting/dehumanizing to some, which was never my intent. Hopefully this quick edit illustrates that, and my sincere apologies to anyone that was offended by the original. Hope everybody has a nice day, gobble gobble xD + +[the dude abides](https://preview.redd.it/we901s31wf181.jpg?width=625&format=pjpg&auto=webp&s=b599139d9266348bab47bafbe9f710978edc9d08) +I got into crypto during the last Bull Market in 2017. So most of my time here we've been in a Bear Market. And being in a Bull market for a few months has almost completely wiped the memory that we ever were in a Bear market for me, and also it almost makes it feel like the Bears will never come again, even though they most certainly will. Can anyone relate? +I asked someone earlier and they said zkSNARKS is superior to Monero's privacy tech which is just an advanced form of mixing. + +People reading this who care about privacy: What coin do you think is going to be the #1 if privacy is the highest concern? Eth, ZCash, Monero, Dash? Another? + +I'm hoping to get some degree of technical insight but all opinions are welcome... + +edit: PIVX is another privacy coin to add for consideration +So now that there is a hard date for BAT's token sale, let's discuss. There is a lot of hype around this project, and for good reason: good leadership with an extremely good reputation / track record, it solves a really interesting problem, and has the possibility of mass adoption. + +**But** what is the value of owning BAT tokens? Is anyone concerned about the major uphill battle they face with: + +1) getting consumers to switch browsers + +2) getting in the way of Google's primary revenue stream (40% of *all* online ad revenue) + +3) needing to get the buy in from not only the consumers (point 1) but companies / publishers as well + +In my opinion, the upside is massive but the risk is extremely high. If you are planning on participating in the sale, why are you doing it? What are you excited about? And if you are not, why not? + +And finally, are there any concerns with the structure of their ICO? +It has a dividend yield of 3% and the price been around $340 for the last 3 years. I been looking at this stock for 2 years and in the early days of investing, I owned a few shares, not anymore but I been thinking of going back and buying up a couple of shares, What do you guys generally think about this company? + +My opinion: From what I know everything about this company is solid but it's attached completely to what the Government does, let's say a future President cuts the military budget in half, well there goes half of that sweet government money. Besides, it's a solid pick. +According to [this](https://www.gurufocus.com/term/payout/O/Dividend%252BPayout%252BRatio/Realty%2BIncome%2BCorp) website (and others I checked), $O's lowest payout ratio over the last 13 years has been 183%. I understand how a company trying to keep dividends stable at the moment might have a high payout ratio, but how on earth is that possible over 13 years? Everything I've read about dividends and payout ratios tells me that's a huge problem, but $O is held up as a great purchase. + +I'm still learning the basics of investing, so clearly there's something I'm missing here. + +&#x200B; + +Edit: Thanks for all the answers, and getting me to learn a whole bunch about REITs! +Airbnb went public on December 10th, 2020, which is not that long time ago. The IPO price was $68/share and on the first day, it opened at $146. This already points to the fear of missing out to invest in a company that disrupts an industry as the demand was incredibly high. + +In this relatively short period, the stock price was very volatile moving from $130 to $220 a couple of times. For a company that is highly dependent on traveling, to go public in the middle of a pandemic is definitely brave. Currently, the market cap of the company is at around $106b, but let's round it down to $100b and we can refer back to it. + +In this post, as in all of the previous ones, I'll do my best to provide an in-depth analysis of the company's fundamentals and at the end provide calculate its intrinsic value based on certain assumptions. + +For those that prefer to watch the video, the link is below: + + [https://youtu.be/lWlWqx\_Cozg](https://youtu.be/lWlWqx_Cozg) + +**How does Airbnb make money?** + +We can divide the company into two operating segments: + +**Segment #1** \- Marketplace that connects hosts and guests (both groups are customers of the company) - This is what the company is known for. + +It gets 3% flat-free from the hosts and anywhere between 6% and 12% from the guests. The average take-rate has been around 13% of the gross booking value. The total addressable market is estimated at around $2 trillion: + +\-$1.8t is related to short-term stays. + +\-$210m related to long-term stays + +There's no doubt that this is a disruptive business as it provided value to both the hosts and the guests. On one side, the hosts have an easy way to set up their business and make money from their property that is not being used. + +On the other side, the users have more affordable alternatives to choose from. + +**Segment #2** \- Marketplace that connects experience hosts and experience users. + +There has been an attempt to sell this as an important part of their business and their take-rate, in this case, would be around 20%. I did some research to figure out what kind of experiences are available around my area and in some major cities and I was not very happy with the results. The most common ones were restaurants and photoshoots. It is clear that the first segment is disruptive, but I am fairly pessimistic about this one. There are plenty of alternatives to find what to do in a given place and when it comes to restaurants, I would say Google Maps is one of the go-to place as it has lots of reviews as well. + +Although the total addressable market is $1.4t, I am not confident that Airbnb can capture a significant portion of it. Of course, I could be wrong. + +**How did they perform in the past?** + +Let's start with the gross bookings, which is the value of the services provided through their platform. In 2017, there were roughly $20b gross bookings and this amount more than doubled to $41.5b for the last 12 months (ending September 2021). + +Their cut is around 13%, so the revenue that the company brings increased from $2.5b in 2017 to $5.3b for the last twelve months. That means the company's currently trading at over 20x Price/sales. Of course, it is too early to draw any conclusions, there are plenty of pieces of the puzzle to put together. + +**What about the margins?** + +The first costs that they need to cover are the direct costs, in this case, payment processing fees, costs related to 3rd party data centers that are used to host the platform, and community (customer) support. Historically, they've been around 40% of the revenue, which brings the gross margin to 60%. The economy of scale can definitely kick in here and I would not be surprised if the gross margin increase to 70% over time. + +After that, there are 3 operating expenses that need to be covered: + +\- Product development (16% of revenue in 2017 to 59% LTM) + +\- Sales & Marketing (34% of revenue in 2017 to 28% LTM) + +\- General & Administrative (13% of revenue in 2017 to $25% LTM) + +\- Restructuring (0% of revenue in 2017 vs 2% LTM) - During 2020, Airbnb reduced the # of employees by 25% + +If we deduct these percentages from the gross margin, we can see that in 2017, they had a negative operating margin of 3.2%, while for the LTM, it is negative over 50%. This is not surprising as the pandemic had a huge impact. + +So, looking into the future, there are three main questions to answer: + +**Question #1 How quickly can the company grow the top line?** + +The analysts are forecasting growth between 12% and 32% for 2022. My assumption for the next twelve months is 30%. It might seem that I'm on the high end, however, as my base year, I have the last twelve months up to September 2021, so I'm forecasting 1 quarter of 2021 and 3 quarters of 2022. + +After that, I'm forecasting 20% growth in the next 5 years and then slowly decline to the risk-free rate (1.93%). By then, the company's revenue will grow 315% to $22.1b. If we assume a take-rate of 14%, that brings the total gross bookings to almost $158b, which I think is a fair portion of the total addressable market. Let's not forget that the current market cap is $100b, that's 5x my forecasted revenue in 10 years. + +**Question #2 What is the operating margin that can be expected?** + +Airbnb operates as an intermediary and if we take a look at Booking, they have an operating margin of 35%. In my model, I am assuming that Airbnb will be improving the operating margin over time and will get to 30%. + +**Question #3 How much will they reinvest?** + +I've forecasted a relatively high sales/capital ratio of 4. The reason behind it is, Airbnb doesn't need to invest in heavy machinery in order to grow nor to provide the service to more users. A lot of the reinvestment is already done through their expenses (product development and sales & marketing) + +**DCF valuation** + +The assumptions related to the revenue, operating margin, and reinvestment are already provided above. The discount rate used is based on WACC and it amounts to 8.15%. + +Based on these assumptions, I got a fair value of $79.9/share.If compared with the current market price, it seems overvalued from the very beginning. Let's not forget, the IPO price was $68/share and it is hard to believe that it was significantly mispriced. + +**What if the assumptions are significantly incorrect?** + +Let's take a look at different scenarios in regards to the revenue in 10 years & operating margin: + +&#x200B; + +|Revenue / Op. margin|25%|30%|35%| +|:-|:-|:-|:-| +|250% ($18.6b)|$57.2|$68.3|$79.3| +|315% ($22.1b)|$66.8|$79.9|$92.9| +|450% ($29.3b)|$85.5|$102.5|$119.6| +|550% (34.6b)|$99.3|$119.3|$139.4| + +There are plenty of pieces in this puzzle, so feel free to contribute in the comments below and let me know if I'm missing something or if you agree/disagree. +Alright, you may say when they are not undervalued anymore. But how do you know? + +I've been following value strategies for the past 8 years and am very happy with my picks and returns. However I have never sold anything. I've just been pouring more and more money every month. + +Obviously, my current P/E and P/B are way higher now than on purchase date. + +Some value investors recommend to sell when the P/E reaches 40. Others say to reuse my criteria for buying a stock and see if I'd buy it again now. If not, sell. + +Any insight? +I understand the concept of buying companies for super cheap below book value, but I thought that you would need the premise that the company would at least survive. However to my understanding of cigar butt investing you target dieing companies like big5 or build a bear when they are priced extremely cheap. What I don't understand is how the companies price would ever increase if the company is headed down with its stock price. I know you want the price to be below what the value should be, but even in the event that you own 200 shares at the time of bankruptcy you aren't even entitled to anything even if the company had no debts, it's likely you will just get nothing. Buffet has said that if he were managing a few million that is the strategy he would use and that was the strategy that he used in the most successful point in his career. Do you need enough money to buy the company to profit from it going under and selling it for parts? Any examples of a modern-day cigar butt play that you guys could give me an example of? +**Introduction:** + +Today we are going to be talking about Nordstrom (JWN) and are some items to watch out for when looking at this company. Obviously, this company (being a store typically in malls) had one of the biggest impacts on their sales and overall financials. I think that while it can be a turnaround play due to the valuation, it is important to understand their current financial position and where they may go. + +TLDR: I am going to wait a couple of quarters/year to see if this business is truly worth investing in. Currently, I think the business has more downside instead of upside. + +If you would like to watch my Youtube video explanation click [here](https://youtu.be/JqFgWWLAaOE). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/is-nordstrom-a-value-trap-or-turn). + +**JWN - Nordstrom:** + +“The Company was founded in 1901 as a retail shoe business in Seattle, Washington under the guiding principle that success would come by offering customers the very best service, selection, quality, and value. We aspire to be the best fashion retailer in a digitally-connected world by leveraging the strength of the Nordstrom and Nordstrom Rack brands. We offer an extensive selection of high-quality brand-name and private-label merchandise focused on apparel, shoes, beauty, accessories, and home goods for women, men, young adults, and children. In order to offer merchandise that our customers want, we purchase from a wide variety of high-quality domestic and foreign suppliers. We also have arrangements with agents and contract manufacturers to produce our private label merchandise. No matter how customers choose to shop, we are committed to delivering superior service, product, and experience, including alterations, order pickup, dining, and styling, to make shopping fun, personalized, and convenient.” [2020 10K Filing](https://investor.nordstrom.com/static-files/449f17f6-ffb5-4ec4-8dfe-bf93f16e2822) + +Nordstrom operates a higher-end retail fashion store both under Nordstrom and Nordstrom Rack where it sells both brand name and private label merchandise. One of the great advantages of having Nordstrom Rack sell at a more affordable price is that they are able to take whatever leftover inventory from the regular Nordstrom stores and finish out their inventory at the Nordstrom Rack. As of Q3 2021, they have three areas that they would like to focus their future opportunities on: “improving Nordstrom Rack performance, increasing profitability and optimizing our supply chain and inventory flow.” ([Q3 2021 Filing pg. 17](https://investor.nordstrom.com/static-files/31f1f525-cd5f-42ad-b786-569e5db8bdad)) A big portion of their growth opportunities will come from the Nordstrom Rack adoption rate and utilizing digital transformations to optimize their business. They serve customers at 100 full-line stores and 248 Nordstrom Rack locations in 40 U.S. states and Canada; two clearance stores; and five Nordstrom Local service hubs. + +**Nordstrom breaks itself down into the following segments:** + +* **Nordstrom** + * This includes Nordstrom.com, TrunkClub.com, Nordstrom-branded U.S. stores, Canada, which includes Nordstrom.ca, Nordstrom Canadian stores, and Nordstrom Rack Canadian stores, and Nordstrom Local +* **Nordstrom Rack** + * This includes the NordstromRack.com, Nordstrom Rack-branded U.S. stores, Last Chance clearance stores + +[Revenue Segment Breakout Screenshot](https://imgur.com/en6QW3m) + +**Financials:** + +* Total Revenue TTM as of Q3 2021: $13.948B + +[Revenue TTM Screenshot](https://imgur.com/BWcn0YZ) + +* The profit Margin was floating between \~2% - 3% before the pandemic happened. They just recently came back to a positive profit margin. + +[Gross Margin, Operating Margin, and Profit Margin screenshot](https://imgur.com/hc9MoFO) + +* Current P/E: \~293 + * This is due to the huge hit to their net income over the last year and a half. They have a forward P/E on Yahoo finance of 9.55. +* EV/EBITDA: \~7.61 +* Current Cash as of Q3 2021: $267M + * Inventory of $2.863B +* Total Debt as of Q3 2021: $2.851B + * Non-Current operating lease liability: $1.602B + +[Current Debt Screenshot](https://imgur.com/p211QEf) + +**Industry** + +* According to McKinsey.com, “Travel has traditionally been a key driver of luxury spending, but international tourism is not expected to fully recover until between 2023 and 2024.” Also, the recovery will be uneven between all of the retailers and the ongoing supply chain issues. Many of the companies are having employee retainment issues on both the corporate and retail sides of the business. Now they did note that social shopping and the surge of social media use allows brands to connect to consumers at a more intimate level. McKinsey recommends that companies should double down on integrating the online shops with users' phones and apps in mind so that they build out data to find what their customers want. Lastly, I would like to point out that over the last year and a half we have had a lot of free money due to stimulus checks and the deferment of student loan payments. This gave many consumers a lot of free money to spend on whatever they may have wanted. While I do think people will still buy at retailers’ stores it is important to watch the consumers’ money supply and how much they have to spend on products. Part of this also comes from looking at the amount of credit the consumers are using.. + +**Strengths:** + +1. Brand Name and reputation - + 1. Nordstrom is a very well-known brand in the fashion industry and with the average consumer. This can be seen in their social media growth especially on Instagram. This is really one of the legacy brands in modern fashion so people tend to trust the company and continue to buy both private label and branded products. +2. Digital Growth + 1. One of the main points made in their 10Q for Q3 2021 is the need to become more of a data-driven company. They are doing this by implementing more data features within their app and through their online store. This will allow them to pivot faster and continue to deliver products that customers truly want. +3. \~Large Physical footprint in malls or shopping centers + 1. Nordstrom is one of the fashion retailers that actually has many physical stores across a lot of malls. While I think this is a strength for those who want to get back to the mall, the higher mall rents and contracts will continue to eat into their bottom line. Also, if a lot of new customers are buying online rather than in stores, this will quickly turn into a huge business liability. So when you are looking at this company make sure to check what their in-store sales are doing and just the overall mall business as a whole for other companies as well. I think that their stores in fashion outlets like Nordstrom rack can provide a better opportunity rather than a full-on shopping mall. + +**Risks:** + +1. Current Leverage position + 1. As mentioned earlier they have a lot of debt on their balance sheet, especially when compared to their small cash size. They could liquidate their inventory to cover this, but if the company reached that point it would be spiraling down anyways. There may come a point where the risk to reward on this may be worth it, but for me personally, the debt combined with the glum outlook makes me want to sit on the sidelines longer to see how the business does over the next year. + +[Current Debt Screenshot](https://imgur.com/p211QEf) + +1. People paying for student loans and not deferring house payments or stimulus checks + 1. It is obvious that many have been spending much more over the last year or so and a big component of that is the stimulus checks and student loan deferment. You can see that the chart below shows the spending over the last few quarters ([link](https://tradingeconomics.com/united-states/consumer-spending#:~:text=Consumer%20Spending%20in%20the%20United%20States%20averaged%206075.38%20USD%20Billion,the%20first%20quarter%20of%201950.)). This is definitely something you want to watch especially if there is any recession or reversion back to less consumer credit and overall spending happening. While this is more macro than some of the other points in this article is an important fact to point out because JWN should be firing on all cylinders this year if it benefits from the mass increase in consumer spending. Also, this may push some to buy from the Nordstrom Rack brand rather than the Nordstrom brand. + +[Consumer Spending report screenshot](https://imgur.com/k2tiacO) + +1. Declining Mall Business + 1. This would not be a complete article about a large mall-based store if we did not talk about the decline in mall business overall. An article from pymnts.com pointed out “Data from Placer.ai show that foot traffic was down 6.5% at indoor malls in September compared to 2019 and down 5.2% at outdoor malls. That’s a less steep decline than six months ago when indoor mall foot traffic was down 21% and outdoor was down 8.4%, but it’s a fall nonetheless. In the past six months, only July has seen an increase in mall traffic — 1% for indoor shopping centers and 1.8% for outdoor” ([Link](https://www.pymnts.com/news/retail/2021/mall-sales-are-up-but-shopping-centers-still-have-a-traffic-problem/)). This foot traffic is also hit by the lack of international tourism. This is definitely something you want to watch over the next couple of quarters for a company like Nordstrom. +2. Increased Supply and Labor cost + 1. Lastly, inflation will definitely hurt a company like Nordstrom because they are not going to be able to pass every cost onto its consumer. The input costs like shipping and supplies have gone up significantly along with the cost of labor and just turnover in general. The costs from these factors will hurt the bottom line of the company as long as we are in the current environment. + +**Discounted Free Cashflow Model** + +If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/13M-opbHNhwzZSIY0LMXS_t3LPQXjhHwAEkl2mlKnpXc/edit?usp=sharing). + +[DCF1 Screenshot](https://imgur.com/qj8VmaE) + +[DCF2 Screenshot](https://imgur.com/TkuRiUr) + +**Closing Thoughts:** + +The valuation may be looking favorable based on the assumption listed in the DCF above, but I do not think the business risks outweigh the valuation currently. From a risk to reward perspective you are hoping they can turn around the business when their enterprise value is nearly double their market cap. I think that the debt along with the capital leases will not allow them to have margin expansion like some of their e-commerce counterparts. If you believe in this turnaround play it could be an opportunity to look into more, but for me personally, I am waiting until I see the turnaround or if the valuation falls to a large margin of safety beyond the current price. +[https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w](https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w) + +I would appreciate a read of my first ever analysis on SWBI. This is more a growth then value, considering I am not doing a DCF on this company as its to sporadic. +[https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w](https://gabegnuch.substack.com/p/research-swbi-smith-and-wesson-brand?s=w) + +I would appreciate a read of my first ever analysis on SWBI. This is more a growth then value, considering I am not doing a DCF on this company as its to sporadic. + Tortilla Mexican Grill PLC operates and manages Mexican restaurants under the Tortilla (and after a recent acquisition) Chilango brands based out of the UK, it is the leader in this market. It is a recent IPO (October 2021) and its stock has done very poorly since day 1 - its business however appears to be doing very well and I recently initiated a long position. + +The good: + +* Unlike most business in the industry MEX actually thrived under Covid. Looking at the numbers however indicates it is not just a lockdown play as revenue keeps growing as people switch back from take away to restaurants. +* Company is expanding rapidly and is targeting a pace of 9 new stores / year for the next 5 years (2022 included which so far has 6 new stores). This does not include the new stores from the Chilango acquisition and it also does not include stores open as franchises. Management says they will be as aggressive as they can be in current market conditions due to cheap rents. +* Company is cash flow positive for a number of years before IPO (and remained so during lockdowns) and has a net cash position. Management seems confident they can fund self growth without debt or equity dilution. +* Company has a business model that allows to fit out new restaurants cheaply (300k - 425k GBP range) this is due to the central kitchen model that provides the food for the restaurants people actually go to. These can be fitted without extractors for example which makes the capex requirement lower. Company then turns this into a customer benefit and is one of the cheapest in its market without lowering quality. +* Depending on ramp up time of new stores they historically pay for themselves in 3-4 years. +* Long runway ahead of them even without international ambitions (they can double the number of restaurants in UK from here before going abroad). +* Currently using franchising to expand to prime locations that would otherwise be unavailable. Management gave an example of the new store in Gatwick airport currently making 50k a week in revenue (franchises typically pay 3%-4% of revenue). +* Workforce does not need to be specialized, usually recruited from student base and quick ramp up time as any complex operations are done on the central kitchen not on the store. +* Management is experienced in the industry. + +&#x200B; + +The not so good: + +* Despite financials showing the company turning an actual profit in 2021 this should be taken with a grain of salt as there are covid subsidies in the mix. +* I have some difficulty to say what the normalized cash flow would be for the business. As the business is growing very fast there are many stores that are at different stages of their maturity (according to management a store can take up to 2 years to reach full maturity). In my base case I used $5M which is the 2018 value as well as the average of 2019-2021. Expect this to be noisy moving forward. +* I am not sure how I feel about the Chilango acquisition. I will trust the management on this for now but others may have different opinions (the market didn't seem to like it as the day of the announcement the stock was punished further) + +So at this stage you probably thinking... "can this be Europe's Chipotle?". And the answer is probably not For obvious reasons Europeans will not have the same attachment to Mexican food but I do think there is room for international expansion here (I don't think they should rush it though). They announced plans for a store in Belfast and assuming this goes well I can see them starting to eye Republic of Ireland which should have a similar market to the UK. + +Not being the next Chipotle however doesn't mean it can't do very well though. The way I see it the company is currently priced at 10x normalized cash flows and it seems to me it has enough opportunities to grow at double digits for the next few years. + +&#x200B; + +Anyone owns it? Anyone looked at it and decided to put it on the "too hard" pile? Let me know. + +&#x200B; + +Disclaimer: First thread here so be gentle +Here's an interesting article about the top stocks to buy for 2023: +https://www.everestformula.com/top-5-stocks-to-buy-for-2023/ + +What do you think about it? Do you have other suggestions as value investors? +I'm intrigued by PayPal, which has lost 75% and is still growing, and obviously Alphabet, one of the stocks with the biggest MOAT. +Check out the list at [www.inveszy.com/?search=TCDI1](https://www.inveszy.com/?search=TCDI1) + +For more updates follow us at [https://www.facebook.com/inveszy](https://www.facebook.com/inveszy) + +. + +As many might be familiar with, book value or total equity is an important metric for evaluating an investment. Equity book value is the residual value after deducting liabilities from total assets. Traditionally, this value is positive and growing if the companies are doing well and might be negative if they are not. However, there are great companies that go against the crowd by having a negative book value while they are in fact doing quite well. This is plausible due to shares buyback for example. In this post, we are trying to come up with such a list in the hope that they might be potential good investments. There are 3 criteria we use here. + +. + +1. ROA is greater than or equal to 10% + +High ROA means companies are able to leverage their assets well and generate a decent return from the investment. + +. + +2) Total Equity is negative + +This filter will yield those companies whose book value is negative. + +. + +3) Free Cashflow is at least positive + +Positive Free Cashflow ensures us that companies at least generate sufficient cash to fund the business + +. + +As of August 28th, 2020, there are 32 companies that matched our criteria, 23 of which paid dividends. Many of them are well-known brands for example Home Depot, McDonald, Philip Morris, Domino Pizza, etc. Feel free to add more criteria to shorten the list, but we hope this is a good start. + +PS. If there is any way we can help you invest more efficiently, you can direct message to us through this channel or chat on our website. + +Happy Investing! +Just wondering if this has happened to anyone else / what you guys think. + +I stopped thinking about the latest share price dictating the “value of my portfolio” because this isn’t necessarily true. Current price does not always equal the value. Instead I look at the latest price being what people are willing to buy or sell for right now. + +So one company in my portfolio I think wow people are buying shares at a very expensive price right now. + +Another I think, wow people are selling their shares for so little right now. + +Anyone else think like this? +I want to know what companies you think are bargains right now, even if there is a bit of risk attached to the stock I think it'd be interesting to weigh but what value stocks do you think have a strong future too + +For me personally it's Jabil (JBL), environment seems to be in their favour and they've heavily diversified away from Apple for their revenues and are involved in 3D printing, semiconductors, 5G and many other things all over the world + +Their earnings have been consistently growing even since the macro environment hasn't been favourable to others, and are sitting on enough cash but they're also scaling up higher margin products and services + +Very tight current ratio 1.02 and 3.67 P/B ratio on yahoo finance, they have a 8.36 forward P/E and 10.04 for the ttm. I think there's potential it's been making me money through this turbulence and has historically smashed the S&P 500 when compared on Google for all time +This is still a profitable company. OK, its earning forecast may be down a little, but has the price deviated too low? + +What's your valuation and how do you do it? +Bit of background: I’m a white collar professional on just over 90k. I’ve got a legal and writing background, so I’m pretty proficient in writing and proofing. Otherwise, I’m pretty passionate about fitness and quite fit, but not jacked or anything. I haven’t got any tech skills beyond basic home use. + +Last year I had a pretty massive turnaround of my life. Escaped an abusive relationship, sold my house and paid down ~$50k in debt. Got all my finances in order, and now I’m back in the black with my savings. I also gave up drinking and smoking to focus on my health and save money. + +I’m extremely motivated to use my spare time on weekends to make extra money. I’d ideally like to use the last half of my twenties to save hard, only occasionally splurging on travel and experiences. I’m willing to do anything skills or labor wise—I’m not precious about what it is. + +I’d love to know what your side hustle is and how you found it. +I've seen a lot of speculation on whether it's worth buying the dip on FB. Maybe it will bounce this week or next, but nobody, under any circumstances, should be long on FB. + +I work in tech, and my best estimation is that the Metaverse announcement was literally *because* FB could see the writing on the wall internally, and knew they were going to miss on earnings, so they had to create *some* narrative which would justify holding FB. + +Social networks have a couple important properties: + +1. They're generational - people tend to use the network which their age cohort is using. The younger generation flocks to a new network during high-school age to avoid their parents, and then gradually the older generation starts to pile in. + +2. They rely on network effects. There's always going to be at most a couple "winners" and everyone will move to those because a social network is worthless once people feel like that's not where the activity is. + +FB managed to stave off disaster and hold on to millennials buy buying Instagram, while keeping facebook.com as a high-profit environment where they could just bombard vulnerable old people and conspiracy theorists with high margin advertising (kind of like cable news). But they have failed to capture the younger generation who've moved to TikTok. And since there is only room for one mainstream social network for every generation, that leaves them with no real avenue for growth. + +So the metaverse is a totally impractical hail-marry. Basically what FB wants to convince you of is that they will be able to construct a compelling virtual reality and productize it faster than TikTok can eat their lunch. + +This is an extreme challenge for a number of reasons. The main one being: what they're describing is *incredibly* capital intensive. The amount of compute required to create a persistent interactive virtual reality for the entire world to play in is *orders of magnitude* higher than what's required to host images, videos and comments as they do now. Who's going to pay for that? Are advertisers going to pay 100x higher ad-rates to put up a billboard in a totally un-tested platform when they can just buy ads on TikTok instead? + +Maybe we'll get a metaverse someday, but at best it's decades away, and it's going to happen bottom-up from the expansion of MMO's and platforms like Roblox. It's not going to happen because a failing social network, with zero competency in the space, needs it to prop up their share price. + +edit: full disclosure: I own 10 shares of FB @ $350 +I would love any thoughts on buying a house vs investing the down payment money in a taxable account for example. Seems like I’ve always heard buying a house is a good investment, but the down payment required is a lot of cash and I’m in Seattle where houses are very expensive. + +So I am curious what you think. Is there a scenario where it would make more sense to continue paying rent (which is also high in Seattle) and put the down payment money in a taxable account for retirement? Or better to buy a house and stop wasting money on rent. + +I’m 46 recently divorced, sold our house last year and been renting since. I have cash we made off that sale and been trying to decide to put that towards a house of my own, or invest it. + +Any thoughts you all have would be greatly appreciated! +Namaste everyone!! I am recent post-grad who secured an offer at a business restructuring firm in London. I have 23K in student debt over my head and approx. 800 gbp/month living expense. + +I received an offer of 28K/year and fall within the 20% tax bracket. On top of it, my company is asking me to invest in a pension scheme. + +I don’t know how should I manage my finances that I can pay off my student loan asap, enjoy a nominal lifestyle and invest some for the future. Any guidance would be appreciated. + +P.s I am 22, single and pretty minimalist guy. How should I plan the next 5 years of my financial journey before I get settled? +So long story short... she had quite a bit of retail debt and it has caused her a lot embarrassment. She's worked on it over the years and I'm going to help her get rid of it completely. We talked and thought it would be best if she doesn't use credit for awhile. + +So my question is, what is the best way to set this up? Can I add her name to my card and have that build up her credit over the years. Can we open a new card together (one that I carry) which is something I can monitor? Does she need her own card and then we set up some automatic bill payments? Not sure if that counts since the bills are in my name. + +Basically, just looking for suggestions on how to do this properly. THANK YOU! +Yesterday, a garbage collector near me got hit by a car while doing his job. As is standard in America, only a portion of this man's medical bills are covered by insurance. So a GoFundMe campaign started up and raised over $5K in a day to help him and his family cope. + +This situation has been normalized in the U.S. That is, normal people forced to rely on crowd-funding from other normal people to pay their medical bills. Many other countries, I understand, find this normalization quite horrifying. + +While this topic gets *very* political *very* quickly, I hope to avoid those kinds of debates for the moment. + +Instead, I'm wondering what other kinds of financial situations are normalized in one location, but are far from normal in another location. This is an [Overton Window](https://en.wikipedia.org/wiki/Overton_window) discussion, if you're familiar with that idea. + +(If you're wondering, I am brainstorming ideas that might end up in print one day. The jist of that potential article would be to implore people to "wake up" from their personal financial norms and consider alternative ideas.) +I am looking to buy a duplex in my area. Duplexes in expensive zip codes here typically go for around $700k to $900k, like a 2b1b+2b1b or 3b2b+2b1b built in the 60s-80s. (there are even more expensive/nicer duplexes that go for $1mil to $1.5mil where I could see affluent buyers would want to owner-occupy one side, I am not talking about those). I am talking about the duplexes that are typically for renting out. + +I could see some reasons why they are attractive: higher rent, higher quality of tenants, and higher potential for appreciation. But they are very hard to cash flow, you would have to put maybe 35% down payment to just break even. + +In comparison, duplexes in cheaper areas, traditionally working-class neighborhoods, go for about $500k and are therefore much easier to cash flow. They seem to be much better investment just based on numbers. + +I am thinking which type is more suitable for me as an investor, and trying to understand in what situation or for what kind of investors would these expensive duplexes become a good investment? Are they just for rich people to park money, diversity, get cheap debts, and get the tax benefits? + +I am not particularly against putting a higher percentage down payment (in other words using less leverage) on the property, and even if I do put a high down payment, I would still want the property with a better cash flow. I don't think this is what it is about. + +I do have a little experience with buy and hold investing (own several properties in another state), but I don't think I am really that savvy. Just trying to think straight which type of properties I should go for. + +Thanks. Looking forward to the discussion. +This is your safe place for questions on financial careers, homework problems and finance in general. No question in the finance domain is unwelcome. + +Replies are expected to be constructive and civil. + +Any questions about your *personal* finances belong in /r/PersonalFinance, and career-seekers are encouraged to also visit /r/FinancialCareers. +About three times a week, I open robinhood to see all of my stocks in the red. In addition the only article on my app blames the inverted yield curve. + +Fuck you inverted yield curve. I don’t know who or what you are but fuck you. At least I may be able to snag some cheap spy calls today though. + + +EDIT: Turns out the Inverted yield curve actually came through for me and my Macy’s calls today. Special shout to the big man himself. + [u/DerGurkenraspler](https://www.reddit.com/u/DerGurkenraspler/) the OG DiamanteHande ape before u/Parsnip took over.. he said goodbye due to his Health issue . he deleted his accnt and never updated us about his condition. even German Apes know this and wondering how is he.. 🙏 Hope he is doing fine tho.. 💎🙌♾🕳 im Hodling for all of you peeps 🕹🛑🚀 I dont know you guys but i love you all 😎 + +https://preview.redd.it/b5at808xsqu71.png?width=200&format=png&auto=webp&s=ec022c924868f5fb7166048255cd8fdc44df9125 +Can we agree that the stock is under control…and that we can assume that Gme could have come out said they can walk on water and believe it or not dip! + +When the media jokes about how fundamentals don’t apply, meaning we a meme stock . .. well I’m coming to the conclusion that they they are right and the only thing that moves our price is market mechanics . +You better start believing about squeezes because your in one 🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🏴‍☠️🚀 +I'm approaching a fatFIRE date and amount rather quickly, but I've noticed some thoughts popping up. 37yrs old, \~$450k/year joint, $3m net worth, odds are looking like I'm probably going to get a $10m exit in the next year or so. Probably stand to inherit $30-$35m depending on taxes... but hopefully many years in the future! + + +When I was young, I always felt like I had to do better for my kids than my parents did for me. Every prior generation had been doing that, so what a schmuck would I be to get all these privileges/advantages and leave my descendants worse-off. My parents got exponentially wealthier so that bar raised over time. It took me many, many years to get comfortable with the fact that the bar might be so high that even if I do extremely well, it might be unrealistic for me to ever hit that - and would it really be worth it? I probably only became okay with it a few years ago that fatFIRE is something that would make sense for me. + + +...now though, with my exit looming on the horizon, I've noticed that I'm actually going to be very much in the ballpark that I would only need 1 more exit to catch up (and my current gig would make it easy to get a job that puts me in a really good spot for that). Probably 5-10yrs more of work. + +Also, I might not be able to live up to my previous generation's accomplishments, but I only have 2 kids - and I have the inheritance, so in theory I could be "generationally neutral" (give my kids what I got) by just making my own net worth equal to what the inheritance would be (eg: $35m to one kid, $35m to the other, just like I will have gotten). I definitely don't \_need\_ to do that to have the money we need for a safe & happy lifestyle, but I'm trying to figure out if my brain is going to let me retire & be happy, or if I'll be unable to really enjoy it without going back to work. + +This is important insight to have because we'll likely move & we'd move to a different place to just retire & raise kids than if we wanted to do another startup & raise kids :). + + +Very rambly background, but **I'm curious if other heirs have gone through this... especially if you** ***did*** **retire, were you happy/satisfied or did you find yourself un-retiring to make yourself more successful?** +I refinanced my home a few months back and the loan was bought up by Amerihome Mortgage +I set up my bank info on their website, get the first payment made, and then go to set up auto +draft. They way their system is set up you can *only* auto draft from an account that matches +your name, if you want to auto draft from an account that does not match your name, you have to +mail in a voided check. I have a different bank account for house expenses for accounting +purposes. I send in a voided check, the new account shows up in the website, I switch the +auto draft over to the new account and go on my merry way. + +The auto draft fails. I happen to check back on the site later and I see that I'm late, so I +call in to see what's going on, the Amerihome Mortgage phone rep tells me payments are not +working and they cannot help that I'll have to call my bank. I figure, this is more headache +than it's worth, I switch auto draft back to the first account, confirm with the Amerihome +Mortgage phone rep that it looks right, make a manual payment and go on my merry way. The +Amerihome Mortgage website reported that a payment had been made. Next month the auto draft +fails again (this is the account that it was working on before, and that I'd been making +manual payments from). I don't notice for a few weeks, so of course loan then went unpaid +and I was unaware of this. The loan fell two payments behind, I happened to look on the site, +and saw that the auto draft was seemingly not working. Calling them does not seem to help +so I figure I'll give up on auto draft and just make manual payments every month. It's +super annoying, but it's not like you can argue the bank that owns your house. So I make +a manual payment from the account with my name. + +I get an email from Amerihome confirming that I paid. + +Just to be sure though I then contacted their support on the Amerihome Mortgage website +(amerihome.loanadministration.com), and they tell me: + +Amerihome chat support rep: + + Thank you for your recent email regarding your loan payments. This message is to inform + you that your January 2020 payment was posted on January 6,2020 . + + Thank you for providing us with the opportunity to assist you. + + Sincerely, + + <support person name> + E-mail Support Representative + +Of course, it gets reversed in the next day or so, but I don't notice for a week. When I call +in to find out what's going on, I then learn that my account has been locked and for the next +year I have to send in a wire or certified funds (cashiers check or money order). This is +annoying, but it's my own fault for trusting these guys. So I call in, confirm I can wire +them funds through western union ask what I need to know (apparently there is a code) get the +western union code, drive to western union, and the western union cashier cannot find Amerihome +Mortgage in the list of companies. I call Amerihome Mortgage from western union, eventually +get through (all they want to talk to me about is how to go into foreclosure, I explain that I +don't want to go into foreclosure I just want to pay them) they tell me that they stopped supporting +western union today. I ask how I can pay. Since I cannot wire to their bank account directly and +I can't wire through western union or moneygram. They inform me that only remaining way to pay is +to send them certified funds, but am I *sure* that I don't want to talk to someone about going +into foreclosure? I explain again that I just want to pay them. + +So I overnight fedex a money order in. Track it and it arrived yesterday morning. I call in to +confirm that they got the money order. All they want to talk about is my foreclosure options, +eventually we get through the whole thing and they tell me the money order will show up in my +account that afternoon. I check the next afternoon and it has not appeared on the site. I +check the next morning and it has not appeared on the site. I call in (and go through the whole +"Did you know you owe us money? Do you want to talk to someone about your foreclosure options?") +so I explain the whole thing again and I'm assured that it will post this afternoon. + +The representative asks if I need anything else, I let her know that I'm doing everything that +I can to pay them, but it is seemingly impossible. She tells me that I should call back since +the website is untrustworthy and she has no idea what I can do and that she's terribly sorry. + +I'm concerned that at this point I have literally *no* avenue to pay them that they will accept. +All I want to do is give them money and I they seemingly will not let me *and they keep pushing +foreclosure*. This seems predatory to me. Do I have any options? What do I do if they refuse +the money order or "lose" it? +UPI is so ubiquitous because it is almost free with almost negligible charges (if any). If these are linked with credit cards, will the customer paying through credit card incur the charges? + +Merchants will be unwilling to foot 2% MDR each time, at-least the small ones will not accept the form of payment. + +Platforms can't absorb the costs, as the costs will pile-up. That's the reason we see 2% commission fees when adding money to wallet through CC. + +The possible solution can be the UPI app doing the same thing for the payments, saving account free, Credit Card +2%. + +&#x200B; + +What are your thoughts? How can it be made seamless plus far-reaching? +Disclaimer- I am invested in MFs- that is my primary instrument. +Experimenting with Equity atm. + +Websites like - Market mojo , Tickertape have an indicator for intrinsic value / valuation as fair, expensive,quality - so i was wondering is there a way for a retail investor to gauge a stock as expensive or not expensive? How do you decide ? + +Also what is the deal with P/E ? have heard conflicting views on it. + +Edit: Basically i want to know what are your Heuristics, tricks, rule of thumb, behavior checklist etc +Wanted to know what are online services and tools you found worth paying for. + +Answers will be subjective ofcourse. So what one person finds useful others may not. Please be kind to all suggestions +After yday's budget, do you think EV and ancillary ecosystem can be a long term bet? Do you think we would have the required infrastructure in place to make this movement successful? +When I first got into crypto I was instantly consumed by it and the opportunity’s i missed of making some real life gains, so consumed that all I’d ever do is research for opportunities of making some real life gains that I don’t want to miss. + +Whether that is endlessly looking for fresh news on Twitter and reddit or constantly checking the volatile prices trying to day trade from it, i was hooked. + +Don’t let the endless chase for money steal you of your most precious asset. TIME +time you could spend with your kids, time you could spend telling your parents you love them or however you want to spend your time, time is quick and you should invest in it the most before your time up. + +As bitcoin touched All time high of 40K and money starting to pour into high cap coins and mid cap coins. Anytime money can flow into low cap coins for fully blown altcoins bull run. Below are the list of top 5 potential 50x in alt coin bull and reasons why chose them. + +1) Fusion - It has great tech likes Time lock, quantum swap, DCRM. Working product like Anyswap and new "be your own bank" app called chainge is under development. Compared with DOT, NEO, ATOM fusion is highly under valued. MC less than 12m and circulating supply of 66m and Max supply of 81M fusion is already 50X behind NEO, ATOM and DOT. No doubt it can pump up so easily. There is speculation of Binance listing soon. + +2) Aergo - Aergo has a great tech with proven 13K TPS. They have solid parnership with samsung and korean government. Apart from that they have parnerships with PWC, Hyundai etc. Their main product Aergo Hub beta gonna be launched soon and mainnet of aergo by end Q1. It will explode like theta anytime + +3) ANY - Anyswap is a by product of fusion and competitor to ethereums uniswap. Anyswap is cheap and tokens are listed after due diligence and community voting so no scam coins will be listed here easily. They have more interoperability and bridged many other chains. DCRM usage in anyswap makes it more secured compared to ethereums. Their Native token ANY and its MC is so undervalued their tech and when compared to UNIswaps UNI. Easy 50X token as total supply is any is only 100m and circulating supply is less than 13m. + +4) Navcoin - Navcoin MC is less than 11m and they launched privacy protocol on January. It will be implemented on March first week. Compared to Verge, XMR, ZEN, PIVX, FIRO the current market cap of navcoin is so much under valued as supply of navcoin is just 70m with small inflation. + +5) Credits - Only 220m supply, 1m TPS which team is trying to prove in mainnet. The price has gone much so down but once they prove their TPS it can do easy 50X. But it's highly speculative. + +All the tokens which I picked up or less than 12m MC. There are few other good ones like QUANT, TRAC but they already seen some good runs so I have excluded it here. + +What's your thought on my pickings and what will be your picks? + +As bitcoin touched All time high of 40K and money starting to pour into high cap coins and mid cap coins. Anytime money can flow into low cap coins for fully blown altcoins bull run. Below are the list of top 5 potential 50x in alt coin bull and reasons why chose them. + +1) Fusion - It has great tech likes Time lock, quantum swap, DCRM. Working product like Anyswap and new "be your own bank" app called chainge is under development. Compared with DOT, NEO, ATOM fusion is highly under valued. MC less than 12m and circulating supply of 66m and Max supply of 81M fusion is already 50X behind NEO, ATOM and DOT. No doubt it can pump up so easily. There is speculation of Binance listing soon. + +2) Aergo - Aergo has a great tech with proven 13K TPS. They have solid parnership with samsung and korean government. Apart from that they have parnerships with PWC, Hyundai etc. Their main product Aergo Hub beta gonna be launched soon and mainnet of aergo by end Q1. It will explode like theta anytime + +3) ANY - Anyswap is a by product of fusion and competitor to ethereums uniswap. Anyswap is cheap and tokens are listed after due diligence and community voting so no scam coins will be listed here easily. They have more interoperability and bridged many other chains. DCRM usage in anyswap makes it more secured compared to ethereums. Their Native token ANY and its MC is so undervalued their tech and when compared to UNIswaps UNI. Easy 50X token as total supply is any is only 100m and circulating supply is less than 13m. + +4) Navcoin - Navcoin MC is less than 11m and they launched privacy protocol on January. It will be implemented on March first week. Compared to Verge, XMR, ZEN, PIVX, FIRO the current market cap of navcoin is so much under valued as supply of navcoin is just 70m with small inflation. + +5) Credits - Only 220m supply, 1m TPS which team is trying to prove in mainnet. The price has gone much so down but once they prove their TPS it can do easy 50X. But it's highly speculative. + +All the tokens which I picked up or less than 12m MC. There are few other good ones like QUANT, TRAC but they already seen some good runs so I have excluded it here. + +What's your thought on my pickings and what will be your picks? +A few weeks ago, I sold my ETCs to Ethereum-hating bitcoiners pumping ETC. + +This lead to an increase of 20 % of my ETH stash. + +At current ETH prices this basically means that bitcoiners have gifted me a brand new Tesla car. + +Thx for the toy guys. Highly appreciated. + +Quick reminder: + +They are still offering a 9 % bonus for those who have not yet accepted the freebies. +Off the back of a post earlier today ([this one](https://www.reddit.com/r/AusFinance/comments/qu1lof/whats_some_of_your_most_stupid_financial/?utm_medium=android_app&utm_source=share)) about people's stupidest financial decisions a lot of people talked about getting degrees they either weren't using or chose when they were too young. + +It got me thinking, how many people finish high school, go straight to uni and end up in the same field 10, 15, 20 years later? + +Does it happen? If so, what did you study and how has your career been? Do you love your work or does it pay the bills? + +I'm 10 years into my career. A career that I chose during high school and studied for. I love my job and earn six figures. I see myself doing it for the next 10 years at least. Really curious about how other people's school to work journeys went. +[Gooooooood Moooooorning Superstonk!](https://tenor.com/view/good-morning-vietnam-robin-williams-classic-announcer-radio-gif-4844905) + + +It is a wonderful day to be up and in the jungle! + + +Remember to hydrate or diedrate. Eat a balanced meal and take your morning vitamins! + + +It is time for [The Daily Stonk](https://preview.redd.it/h5yz344z4qe71.png?width=1600&format=png&auto=webp&s=030ec1b2a90085e5a71eb5246f3edf714fd2e331) + + +[Just a reminder we are in the S&P mid-cap 400 tomorrow!!!](https://www.reddit.com/r/Superstonk/comments/owgnjd/oh_yea_gme_being_included_in_sp400_this_wednesday/) +What does this mean? Well it means that we have a solid company that has true potential. So like our parents kept telling us: Find a good stock and hold onto it. + + +[Reverse Repo is hanging out just under $1T still](https://www.reddit.com/r/Superstonk/comments/owjfqi/daily_reverse_repo_update_0802_921317b/) +A bit of a daily tradition at this point. Although I'm not sure I truly grasp it…. If anyone has some data on what this number really means please point me in the direction with an explanation like you're talking to [this fine man.](https://tenor.com/view/wumbo-spongebob-gif-10902129) + + +[Call the market a balloon cause it is inflating baby](https://www.reddit.com/r/Superstonk/comments/owub83/inflation_alert_a_dive_into_the_bureau_of/?utm_medium=android_app&utm_source=share) +/u/Dismal-Jellyfish does a great write up of what the % numbers are. This is why we don't dance. We have bet against the economy. It crashes it affects everyone. It goes in line with the ending of the moratorium. When these two things combinely pop people will lose a lot of value in 401k and property. It will be a tough time. That is why we need to step up and be the light. + + +~~[Potential ETH address for dividend](https://www.reddit.com/r/Superstonk/comments/ow880o/10k_more_just_transferred_through_the_ethereum/) +Now this one is interesting. It seems that we are just a few thousand whole coins within this address for the amount to match a dividend for the proper shares at 0.0001 per share. This will be fun to watch and see. If this is what /u/clawesome thinks it is this will be where GameStop will shift to. This potentially is a catalyst.~~ [Debunked](https://www.reddit.com/r/Superstonk/comments/ow880o/10k_more_just_transferred_through_the_ethereum/h7efbt4/) + +[Looks like we've got some indicators to watch](https://www.reddit.com/r/Superstonk/comments/owe33g/sp_smallcap_to_midcap_shift_everything_you_need/) +If my smooth brain translates this correctly there will be some sideways trading on all of these little pools of stocks. They will come with a little bit of a dip if we hold to the principal of all good news comes with a dip. But again good company with strong fundamentals. Hold onto them like daddy said. + + +Please feel free to tag me in any verified information or any story that is developing! + + +I am the furthest thing from a financial advisor. All this is just some bumpkin's opinion who's brain is as smooth as his head. + + +[EXCELLENT!](https://giphy.com/gifs/ifc-80s-bill-and-ted-excellet-l46CDHTqbmnGZyxKo) + + +users worth noting: +u/DeepFuckingValue (dont need to explain...) +u/atobitt (DD) +u/Criand (DD) +u/pctracer (Reverse Repo Market Updater) +u/JTH1 (Floor Guy Stonkdate) +u/mr_boost (Ape News Network | Comedic posts) + + +Thank you to the mod team!! + + +As always we are here from all different walks of life and all different countries. This doesn't matter as we are all apes in here, and apes are friends. We help each other, we care for each other. Ape don't fight ape, apes help other apes! + + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. BUY and HODL. + + +We don't care, just be nice and let's make this community as Excellent as we can! + + +Okay that is all for now burbye. +Prime brokerages charge $100,000 to $500,000 for full ticker analysis, which is obviously beyond us. BUT if you use the right search terms in Google, it can find older analysis anywhere on the internet if it's not behind a firewall. The trick is to put in [[company name] stock analysis filetype:pdf.](https://www.google.com/search?q=stock+analysis+filetype%3Apdf&oq=sto&aqs=chrome.1.69i57j35i39j69i60j69i61j69i60.1760j0j4&client=ms-android-uscellular-us-revc&sourceid=chrome-mobile&ie=UTF-8) + +The filetype:pdf is important because if you leave it out you'll get news/wiki/investopedia type sites while the good stuff is on page 1,521. + +This will immediately bring you to reports from institutional traders which will mostly be slightly dated by a year or two. Most of the reports won't be comprehensive, instead focusing on categories like valuation, profitability, economic moat, etc. But still, these will be insanely detailed reports which are the same reports that market movers are using. You might even find more obscure reports, like how I put Raytheon into this search and found a court report about an injunction between Raytheon and the Navy over the cost of rocket fuel. + +You're welcome. + +Edit: I totally ripped off this idea from Benjamin on YouTube. He's the source. +The more I hear and read about people doing this the more it's starting to make sense to me. Rather than chasing/finding new plays all the time just focus on and learn the nuances/movements of one or two tickers, and then trade them when the setup is presented. + +I'm curious how many of you are doing this, and if so what are you trading? I hear a lot of people say theyre solely trading TSLA, AAPL, ES, etc. What other tickers are you all hyper focused on? Anyone doing so with Forex? Options? I dont expect you to lay your strategy out for me on a platter, but I'm willing to listen and learn from whatever advice you have to offer about how you came to know your current setup for the ticker you trade. + +Thanks +https://www.bbc.co.uk/news/business-44851363 + +Here is a story of a couple who overstretched themselves and are now in deep trouble. I’m shocked that anyone could take out a half a million pound loan without even a basic understanding of how it works and whether they can afford it. Yes the bank let them have it when they shouldn’t, but surely the ultimate responsibility falls with the person taking out the mortgage? + +The sad thing is I see it all around me...friends with mortgages at 100% of what the bank would lend them. Family members taking out £12,000 loans for cars one week after starting a self employed job with no security. + +I believe that financial education in this country is woeful but ultimately people need to take responsibility for their decisions and actions and ensure they understand the nature of the product they are signing up to. + +Sorry, bit of a rant but it does frustrate me! + +Am I being too harsh? +I have approx $400k equity in the home, owe $280k on it. I have a secure income stream that will pay the mortgage as long as I’m living. Is it worth the effort to pay it off sooner or let it ride? +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 **/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! + +Last month's check never showed up, and the landlord didn't think to tell me until the last of the month. He said he didn't really care and that he was out of town so it wasn't a big deal at all. I know he has returned now, and I sent THIS month's check via certified mail because several letters I sent out with last month's rent never got to where they were supposed to be. + +It is now the 10th, the certified mail with my check was sent out on the 1st of this month, but tracking information still shows it is at the Post Office waiting for pickup. I have texted him to let him know there was a notice at his address and that he would need to go sign for the envelope or arrange redelivery. Is this weird? I have almost 3K sitting in my checking account that I am pretending isn't there. Landlord says he doesn't really care, private renter, am I covering all my bases here? Should I truly not worry? + +Edit: Problem has been resolved by some of you fine Redditors in here. I didn't know the post would get this big. RIP my inbox. +I think it was funny, but I was too busy grimacing the whole time to notice. The first thing I did after watching the movie was open up the indeed app on my phone. The parallels between the depictions of office life in the movie and my reality in cube land were hard to watch. I need to read this sub more often because you guys give me a lot more motivation than my $15 an hour desk job. Last month I applied for 7 jobs and didn't get an interview. My new goal is to 10x that and apply for 70. I've been following the sub since I started my first job 2 years ago. I've minimized expenses really well, but now I'm going to focus on increasing my earnings and satisfaction. +Think of all the people you know in RL that are into Crypto, what % of them are women? It’s probably a very low percentage.. why is that? + +We spend a lot of time talking about mass adoption, but idk if I’ve heard many people comment on this topic, which to me, is a super glaring one (women make up 50-52% of the world population). + +I’m curious why there aren’t more women in the crypto space? & what can we do to help grow that % as a community? + + +As a side: I come from SaaS, so I understand this is similar to how the tech industry started / still is on a lot of ways. +I find it crazy how expensive property prices are in Sydney. The articles and the general public keep spraying their wisdom upon people whom disagree with either pricing or the way it’s headed. Apparently ‘property will always rise’ is the only term these people have developed in their vocabulary. + +My confusion lies here, how the hell can it still be so expensive? I’m fairly sure that wage hasn’t risen over the past 10 years. I get the RBA lowering rates, quantitive easing and the rest of the terminology but I’m still not given the knowledge as to why or how it will stop. + +I want to be educated in this, how can people pay 2-3M for a 600-700sqm property in Sydney’s inner west. Will I see 3-4M listed on that house in 5-6 years time? What path is this headed down +Prediction status check: how are we going toward a 50% drop in the +[Core Logic Home Value +Index](https://www.corelogic.com.au/our-data/corelogic-indices) (5 capital city +aggregate) from its peak 2020 value by end of 2025? + +---- + +* Peak 2020 value (Dec 31 2020): **137** + +* All-time high (May 07 2022): **176.66** + +* Current value (Jul 14 2022): **173.27** + +---- + +→ Change from 2020 peak to now: **+26.5%** + +→ Change from all-time high to now: **-1.9%** + +→ Change from now for prediction to be correct: +**-60.5%** + +---- + +⇒ Average monthly change since 2020 peak: **+1.3%** + +⇒ Average monthly change since all-time high: +**-0.9%** + +⇒ Average monthly change from now until end of 2025 for prediction to be +correct: **-2.2%** + +---- + +I am a bot made by /u/doubleunplussed. Beep boop. I post at most once per week. +These regular posts are made [at the +request](https://www.reddit.com/r/AusFinance/comments/v264de/comment/iaqo4at/) of +the user who made the above prediction. +Not sure if this is the right forum to post but just looking for some career advice. + +I am an accounting graduate and have received two offers: + +1) Big 4 - Forensic Accounting +2) ATO - Taxation + +In terms of interests, both offers are just as interesting to me. I am ideally looking at going down the accounting track for about 7-10 years, before being involved full-time in my family's business (in a completely different industry). After that, I'll mainly be using my accounting career as a backup so that if the business ever fails, I have a reliable accounting career I can always go back to. + +The salary of the ATO is higher and I'm pretty sure that the work life balance will be better too. But I feel like there are more learning opportunities, professional networks and career advancement with the Big 4(Deloitte,EY, PWC, KPMG) and the exit opportunities will be much better. (People also say forensic accounting is a really good opportunity, as most grads have to work in audit for 2 yrs before transitioning to here). You also get access to their top- notch training programs, and there are secondment opportunities to USA/UK/Korea which I'm extremely interested in- I want to see more of the world and what other countries have to offer, and I feel Big 4 has a more international presence. Furthermore I feel like you can develop good work ethics there which I think trains me to be more self disciplined and diligent later on when I'm managing a business. + +However, I do know they work you extremely hard, my friends have worked up to 60hrs in audit, many times giving their Saturdays away and functioning on very little sleep. There may be times when I need to help out the fam business over the weekend, I'm concerned I won't be able to when I go into Big 4. Furthermore, Big 4 don't give proper overtime pay unlike ATO which starts paying overtime from the 1st hour. + +Just wondering if anyone here has experience working at Big 4 or ATO and what your recommendation would be for me as a grad in this situation? Also how likely is getting overseas secondment opportunities in Big 4? (I heard ATO only offers secondment nationally, how likely is national secondment here?) +I'm nowhere to close FI/RE myself(making my first transfer on IRA this week), but I'm curious though. What are you doing, once you quit the job and said that this one is "for real"? I would like to write books(I currently don't have time to do so due to uni) and volunteer at a nursing home, maybe learn some crafts too(plumbing, glaziering). What are your plans/routine? +We all knew Solana was pretty centralized even before last week's bug. But that didn't prevent people from FOMOing into Solana as it was skyrocketing the past few weeks. Just to remind you, Solana pumped from around $25 to almost $220. + +After the developers had to shutdown the network to fix the bug, the FUD around Solana was enormous! There were dozens of posts in this subreddit claiming that SOL is about to die and that its run was over! + +However now after a few red days, SOL is almost 15% up since yesterday. There are many upcoming conferences. Whales are jumping in. Companies are building on Solana because it is fast and cheap. According to most predictions SOL is about to reach $250 soon (not a financial advice though). + +In my opinion all that shows that people put profits over decentralization (suprise! /s). Most people would probably even betray their values just to make some quick money! +EDIT: Had to delete guys sorry! It was blowing up and if hundreds of people call Sky tomorrow to do this they’ll know what everybody is trying to do :( + +Maybe it can be this subreddits best kept secret? +I’ve been using Robinhood(yes I know Robinhood bad) since January 2021 and trading spreads since November 2021 and I’m tired of Robinhood closing my spreads early. I don’t know why they do that when I remember being assigned on spreads til around February/march 2022 if they went in the money but I’ve probably been robbed of 100s of dollars because of this. The only reason I still use it is because it’s really easy and i don’t know any other broker to use. I have around 1.1k to use and Webull requires I have 2k to use level 3 options so I’m asking if anyone knows any broker that is small account friendly, free or low commissions and allows level 3 trading or should I just stay with Robinhood til I have a larger account +Dear Thetas + +recently got lucky with some calls (thanks to u/yourboymilt) and have a rather comfortable "problem" ...I don't know what stock to wheel next. + +Currently I'm wheeling about 60k in different stocks but it's quite tech heavy (because I know them best and know what I am willing to hold if assigned). + +Now it's time to explore new shore of other industries/sectors. But where should I head? So I thought time to ask my fellow thetas here for recommendations to look at and do my own dd. + +Which stock would you choose for a CSP with 10k?(i am not afraid of more risky plays but I am not a hardcore gambler and will do my own dd before investing) + +**Edit 03/13: Wow, awesome input. Way more than expected. Thanks Thetas! Really helpful and kind of you :) Time to look into some of those companies (I think I need more money. those 10k won't be enough once digging into those companies)** +New to ThetaGang, especially digging the Wheel, but am still getting my feet with choosing the right trades. + +&#x200B; + +I'm wondering if there is a specific timeframe that I can sell contracts to maximize the ratio to theta decay to time held. For instance it seems like there is a bit of a drop at about 2 months, then again at 1 month, but I also seem some folks say 2 weeks is the biggest. + +&#x200B; + +Are there additional factors that change this time window, obviously there are but are there common major factors across the board. + +&#x200B; + +Finally, any and all education/links provided on how I can maximize my return consistency using theta strategies would be awesome! Sounds a bit petty, but my goal is a 5% return minimum year over year if possible. +Hi, my name's Ellie Broughton (elliebroughton at gmail) and I'm a UK journalist looking to write a sensitive feature on the impact of the cost of living on young women aged 20-35 in the UK. + +**I'm looking for an anonymous case study to talk about concerns about rent, savings, spending and budgets which will run alongside practical advice about how and when to seek a pay rise, and what happens when your budget has no more 'give'.** + +I've worked with sensitive and anonymous case studies for over 10 years. If you'd be open but you'd like to know more, I can answer any questions you might have on how we might work together by email. I'll be pitching to publications I've written for before such as Refinery29 and the i paper. +From what I understand, shorting a stock is when you are allowed to sell a stock at current price for a period of time, regardless of the stock's value at the time of sale. + +So, hypothetically, someone could short a stock that's worth $15 and sell it for that price in 2 weeks. The stock is now worth $11, but they get the $15 because of the put. + +If that's all accurate, what's the difference between shorting the stock at $15 and selling in 2 weeks and just selling it today at $15? In the end of either situation you still have $15. + +My question is, what is the purpose of shorting for a future date if you could sell the stock now at the same price? + +If any of my information is wrong let me know. I may not fully understand it. +Hi everyone, I am thinking of investing in dividends for some passive income. Initial investment would be $4,000 through my Charles Schwab account & I am a beginner. Any good advice/investments I should front-load? Have $14,000 laying the the bank getting very little interest. Would like to keep a $10,000 emergency fund in the bank as we purchased out first home last year and did major upgrades so now it is time to diversify! + +Thank you in advance! +So, I keep looking at the two, and O is more than triple the price of QYLD but for only two cents higher payout. But when I come here, everyone seems to be bashing QYLD and loving O. + +So I am assuming that I am missing something. Why O over QYLD? +Good day apes, I am here to bring you that sweet sweet confirmation bias you are looking for today. I want to start off by saying that I am in no means of a financial expert or advanced trader, I may be completely wrong about this. I'm gonna keep this post relatively short and simple as my Adderall is wearing off + +\*Disclaimer, this post is not intended to spread FUD against AMC but to point out their differences. I personally hold both but my position is greater in GME as is also my conviction, let me show you why\* + +&#x200B; + +TLDR: AMC IS EARLY ON GME's PRICE ACTION, MOONSOON HEDGIES FUKT 🚀🚀🚀🚀🚀 + +# + +# THE ROCKET IS FUELLED I CAN HEAR THE ENGINE ROARING, READY FOR IGNITION WHEN YOU ARE KENNY + +&#x200B; + +So we all know how AMC et GME has been traded in a very similar fashion but they are not the same charts! Let me put it this way: + +**AMC and GME may have been running in the same path but they are not running at the same speed!** + +Take a look a theses sweet sweet crayons: + +[GME](https://preview.redd.it/mi071r24ilz61.png?width=1097&format=png&auto=webp&s=d57cbfa7d572a948452db491d26697cddf9ad5af) + +GME had its February run from Feb 24 to Mar 10 so about 14 trading days with an increase of 680% price increase + +Now if we look at the AMC chart + +[AMC](https://preview.redd.it/c5upal8yhlz61.png?width=1076&format=png&auto=webp&s=f25762cd1d3fbd959a9906be5e6031859bcd2224) + +We can see it ran for a 21 trading days period from Feb 22 to March 15 for a 160% price increase. + +Why did their run last 7 more trading days than GME that I have not the answer.. Maybe some wrinkly ape in the comment section could explain? + +But my point is that their Feb run started 2 days before GME's. Matter of fact they have all started a little bit earlier except for January, take a look below: + +&#x200B; + +[GME's price increase](https://preview.redd.it/ajkqbx28ilz61.png?width=1098&format=png&auto=webp&s=ef15829c59ed7742a397f32a0ed2e86e96a1a30b) + +[AMC's price increase](https://preview.redd.it/nsiz6s9xilz61.png?width=1262&format=png&auto=webp&s=ec11fefeedbb57bdf559ede17df49aebf2a78bc8) + +Just look at that! AMC is just a little early to the party every single time! + +[Find the odd one](https://preview.redd.it/sm5sar6ejlz61.png?width=882&format=png&auto=webp&s=152cf81857c64fc6f3f474d8d1fbe92165d6a914) + +**Now that's said lets take a deeper look at the percentage increases shown in the two charts** + +Can you see it? In GME's January run we increased nearly 2.5x more than AMC & **OVER** 4X in the February run!!! + +In April and May we saw decreasing in the percentage gains on the following upward movements for GME meanwhile AMC increased. With that being said the uptick doesn't make sense in itself. It's not like they had more significant news coming out or that AMC's overall sentiment increased? **GME has always been the real play here**. + +\*tinfoil hat time\* Would it be as a mean of distraction? Making retail investors look at the monthly price increase instead of the 6 Month chart? To make us sell GME for AMC instead? I fking think so and if its the case **WE'RE NOT FKING FALLING FOR IT** + +If the trend of the Jan and Feb price action follows knowing that AMC is a about 2 days early on GME and that it most recently increased of 60%, \*I believe we could see a run in the 300$ area very very soon\* (no dates!) and if that happens we know who marge is going to call! + +**We Will Soon Decide The Price** + +&#x200B; + +**Here's more TA and pretty cool crayon colors:** + +[GME pennant](https://preview.redd.it/5uxajds7klz61.png?width=965&format=png&auto=webp&s=df52ececf64bd97654625cc6a32addc100df5c66) + +I already saw multiple great posts on this sub detailing the clearly apparent triangles GME has been forming since January. This is just to make this profoundly clear. The breakout is **imminent**. + +&#x200B; + +**You can also see the now famous 21 day cyclic buying pressure on the vertical line in light purple. Which is right around the corner on May 24. No dates I know I know** + +u/Suspicious-Singer243 Posted a DD about the 21 day FTD cycle as I was writing this, some very sweet confirmation Bias I must say [his post](https://www.reddit.com/r/Superstonk/comments/ndzxdh/origin_stories_an_uncovering_of_more_ftd_cycles/) + +&#x200B; + +[MACD & Volume](https://preview.redd.it/m95al7vjklz61.png?width=1051&format=png&auto=webp&s=9050ed3271bbb26eb0dd593d2ba2c96ea1fbe8dd) + +**MACD is looking very promising on the daily chart, we could turn positive as soon as tomorrow if we see enough buying pressure.** + +&#x200B; + +**Volume WYA?** + +&#x200B; + +**Kindly refer to the OBV when/if ever in doubt about GME's price action** + +&#x200B; + +[On Balance Volume](https://preview.redd.it/8n0ky1luklz61.png?width=1091&format=png&auto=webp&s=4d62546987d8f55ca552fd99ff2611329f48221d) + +**NO ONE IS SELLING! WE STILL OWN MULTIPLE TIMES THE FLOAT!** + +&#x200B; + +&#x200B; + +&#x200B; + +Once again I'm not a financial advisor and could very well be wrong! Most of this is speculative junk but it gets my titties hard. I can hear the engine roaring, lift off is imminent. 🚀🚀 + +LOVES YOU APES, KEEP EM DIAMONDS HANDS AT WORK + +\#Edit1: General structure and typos + +\#Edit2: More structure and typos, lol me 🦍 + +\#Edit3: Floor remains fuck you money the 300$ price prediction mentioned is just based on previous price correlation between the two tickers + +\#Edit4: Ape no fight ape 🦍🤝🦍 +New to Reddit and wish I had joined a long time ago. The advice you all give is great. I have a couple of rentals that I've acquired through buying and then renting after moving. I only paid attention that they were paying for themselves and the property managers were doing their jobs. It has worked out for the last few years. + +I've never bought a foreclosure but found one that's really cheap. + +$20k foreclosure +3 bed/1.5 bath 1100 sq ft sfh +Offered $10k, they countered $17, I countered $12. They said $15k. I told them my highest and best offer was $12k. +They accepted at $12k. +Home inspection is Monday so that will tell me a good bit. +Property management company said they can get $600/mo rent. It is an old house but I figure if I can have it rented for 3 years then I will have my money back out of it so anything after that is a win. + +I know it needs a new roof and will need appliances. What am I missing or not thinking about? + +Update: First, thank you all for your comments and guidance. +Purchased for $12k, closing was $800, new roof $4k, all new plumbing throughout home/general repairs/new flooring in some rooms/painting/pressure washing/yard debris removed $6k, insurance for the year $650. Renter in on March 1st for $600 a month. LCOL area and a cheap house but for my first one I don't think she turned out to bad. +20 years old, been making about $35k for 2 years now at my job. No debt whatsoever. Car is paid off, insurance is $100 a month. I have very low expenses and park over 50% of my take home pay. Credit score is 740. I have $15k in savings and a 3% down payment would be about $4500 excluding closing costs and whatnot. + +Can I buy a $150k multi family home in upstate NY with 3% down under a FHA loan? Or any other assisted loan for that matter? What are my odds of being approved for a loan? +Planning to rent out one unit and live in the other. +Long story short, the Mrs and I are mid thirties, two kids and probably 10-15 years from hitting our number. We might also try for one more kiddo, we love being parents. + +After some back and fourth we've decided on buying a house thanks to a large bonus this year. Our income puts us in some of the top neighborhoods in our area and I was prepared to push back a few years on our date if it meant a great home life for us. + +After touring numerous neighborhoods, one thing has really stood out, all the affulent neighborhoods are filled with 75-80% empty nesters or DINKS (sometimes both). The street I grew up on would have prevented traffic from going through our hockey games. After driving down with our Realtor and realizing "the best" neighborhoods weren't the best for us. + +We found a great neighborhood, loaded with kids at 60% of what I thought we were going to pay. Our Realtor got it (he's got kids). Anyways, thought I'd share an unexpected turn. +Do you guys think the market is going to keep going down at the open or bounce off of these premarket lows? I’m trying to decide if I’m going to come out of the gates with a short, go long right away, or wait to see how it plays out and maybe try to catch it reverting back to VWAP. What do you think? +Sitting on bumper profits and cash as consumers remodel their homes during the pandemic, Home Depot ([HD](https://finance.yahoo.com/quote/HD?p=HD&.tsrc=fin-srch)) is joining a growing list of big box retailers giving its workers a raise after a busy and challenging year during the COVID-19 pandemic. + +The home improvement retailer said Tuesday it will invest $1 billion in what it calls ‘incremental compensation’ annually for its workers. A Home Depot spokesperson declined to share specifics on how much the company’s average hourly wage will increase after the investment. + +“It varies market by market. Our compensation, at all levels, is based on skills, responsibilities, performance and market rates,” the spokesperson told Yahoo Finance. [According to Glassdoor](https://www.glassdoor.com/Hourly-Pay/The-Home-Depot-Hourly-Pay-E655.htm), the average hourly wage for a Home Depot cashier is $11 an hour. A sales associate earns $12 an hour, per Glassdoor. + +The spokesperson said the “majority” of Home Depot’s 400,000 total employees will receive a pay bump from the new investment. + +Other big box chains — sitting on big profits as consumers have stocked up on food and cleaning products amidst the pandemic — have also opened their wallets. + +In July, [Target raised its starting wage for its store](https://finance.yahoo.com/news/target-raises-minimum-wage-for-store-distribution-and-headquarter-employees-114504219.html), distribution and headquarter employees to $15 an hour. The move impacted 275,000 employees who work at the company’s stores and distribution centers. Target raised its starting minimum wage to $13 an hour in June as part of a commitment unveiled in 2017 to reach $15 an hour by 2020. + +Walmart in September lifted its minimum wage to $15 an hour from $11 an hour for some 165,000 workers. + +The world’s largest retailer’s pay hike comes as the company calls for lawmakers to enact a new stimulus plan for those unemployed because of the pandemic. + +“I think the lack of stimulus is showing up more so with those unemployed, small businesses and people that need help. I think it’s important that we all understand in some ways we are having a shared experience because we are in a pandemic together, but we are having a very different experience. If you have been let go and don’t have income, you really need help. The voice we have at Walmart is to say to Congress and the administration we need you to help those people who need help,” Walmart CEO Doug McMillon said recently at the [Yahoo Finance All Markets Summit](https://finance.yahoo.com/live/allmarketssummit/). + +[Source](https://finance.yahoo.com/news/home-depot-is-spending-1-billion-to-give-thousands-of-its-workers-a-raise-125112440.html) +Regular lurker here but this is a throwaway account for privacy reasons. Also, English is not my first language. + +Between mid-2012 and early 2013, I was lucky and forward-thinking enough to have bought around 200 BTC. Fast forward today, my investment of less than $6,000 is now worth around 1,8 million dollars (on paper and before taxes, considering both BTC & BCH). + +Nobody knows this, including my wife, and I'm thinking about telling her. It's an insane amount for sure, but perhaps still not life-changing or enough to live off interest: we are in our mid-thirties and we don't own a house yet (we rent and we are planning to buy one for around $300k-$350k), married since 3 years, one kid. We both work, I'm self-employed in marketing ($30k-$50k/year, highly variable) and she is an employee ($25k/year, stable). Ironically and due to poor money management, we don't have much savings in fiat and we live paycheck to paycheck. + +My main concerns are: + +* job: while I love my job, she does not enjoy hers. After knowing, she might want to quit her job. Possible outcome: BTC crashes to $1,000 or less and we end up in a worse situation; + +* divorce: our relationship is great and everything, but let's be pragmatic here, could she obtain those assets in case of divorce? + +* selling: she's not tech savvy at all and perhaps she would be more willing to sell some to buy the house in cash, but I think it would be better to have a mortgage anyway and see how it goes. + +I'd love to hear your thoughts and suggestions, mainly from people who went through similar situations, how your partner reacted and how it went, because while this is absolutely awesome, I'm very aware that if not properly planned, it can lead to issues. +So I’ve reached the stage in trading where I have a set strategy along with setups I need to take. At this point I’m just trying to dial in my strategy and improve my consistency. I review my trades, read books, and review setups that occurred in the market during the day, but I wanted to know if there was anything else I should be doing outside of those to be able to improve daily. +I think most of us are using Python, most APIs are geared toward python, and I love Python. + +Occasionally I see people using other languages for algo-trading such as Java, JavaScript, C++ etc. + +While I have used all of those languages I don’t understand why people would choose to do algos in other languages besides Python. + +Python is syntactically easier and quicker than most other languages. + +Python is built to handle statistics and lists faster and easier than most languages (which are incredibly important for algos) + +Python has incredible, in depth, open source libraries. + +Why do people use other languages? + +Edit: sorry guys didn’t mean to start a war +I'm 21 right now and I'm currently thinking to start investing for a longer period till the date of my retirement, went through INDmoney app providing many different AMCs, Mutual funds, returns etc. + +Need a guiding hand ;) + +thanks. +This has very clearly become a huge trend of applying for things people don't understand, and it's about as intelligent as the blonde applying for a credit card and then not understanding they have to pay it back. + +And for fucks sake it shouldn't even need to be said, but if you're so mentally fragile that you start to feel suicidal after making the trade you didn't understand but that YouTuber you like said was a sure thing, you shouldn't have been trading in the first place. + +Educate yourself, and you'll be able to consistently pull a profit instead of trying to strike it rich. Understand that you won't pull a ten thousand percent profit every time, and that is perfectly okay for you to take your profits before your investment has reached peak value. Understand that you're not losing by taking 30% gains if it continues to increase in value afterwards. And understand that you lying to your broker just to be able to take more risks only hurts YOU. + +*Some people will most likely think this post is mean or too harsh, but the stock market is a harsh mistress, and I don't believe that we are doing anyone any good by coddling them, and that it only makes the overall problem worse. For the record, I think brokers current system regarding applying for things like options trading and such is completely broken and actually exchanges these people to lie, but the ultimate responsibility still lies with the investor. +I invested in Blackberry a few months ago with the rumours of the deal with amazon. My only regret is not putting more in. People still seem to think that blackberry are a failing phone company that used to be at the top, but they have evolved. I don't think they will just roll over and die. + +Today they announced a new critical event management (CEM) solution called BlackBerry Alert that will help commercial organizations prepare for, respond to and recover from major incidents. It can integrate within tools like Microsoft Teams and ServiceNow, so that IT can alert and assemble a best-in-class crisis team to troubleshoot and resolve issues directly within the third-party application. + +I feel like BB will be a promising long term investment, but I'd like to hear what you think? +Documents released from the Reserve Bank of Australia reveals that house prices could be pushed up by 30 per cent if interest rates remain persistently low for years. +https://au.finance.yahoo.com/news/rba-30-house-price-rise-234955340.html + +It's basically the government saying anyone saving in this environment is an idiot and his/her money will be losing value if is staying in the bank ... + +I am by nature a saver, but Fu*ck it! I moved every cent other than emergencies to shares. Doing well and not looking back. I will not EVER be able to buy a house with business as usual of work/save for a few years to come ... + +It's a casino, and saving is punished! +After being asked, AGAIN, at 31 "when are you gonna get your own place? It's the best financial decision at your age." I finally snapped today. Instead of wondering and guessing and coming up with excuses, I wanted some hard facts. + +So after about 20 minutes of talking about my details, this is my situation at 31: + +* £40k income, fully employed. No bonus schemes or anything like that for extra income. Been on sub and roughly around £30k for a few years now. Only got this new income 4 months ago. +* ~£2400 net after taxes, student loan etc. +* £40k deposit (20 from me, 20 from my parents who are mortgage-less and own 2 properties and are both 63). +* Unmarried +* ~£5k left on my student loan +* 2 credit cards, one paid off, the other a 0% APR for 2 years with about £500 on it, still another year to go on the APR. + +Total mortgage I can afford? + +£190k. + +I knew it was going to be bad, but I was thinking under £250k. Not less than £200k. Are you FRIGGING KIDDING ME!? + +She asked how much my rent was. £625 for a double room just outside the M25 ring, working just inside it. + +She said my mortgage repayments on that amount would be less than my rent for sure. + +This is a joke, a bad dream right? £190k!? That's just shockingly depressing. + +She said outside of marriage (or having someone else jump in on the mortgage, ie a friend so you don't HAVE to be married), you can: + +* Use help-to-buy, but as always with any government incentive...it's bullshit. 5% deposit, YAY! CHEAP! Oh wait, I owe 20% of the total sale of my property whenever I sell it, because technically it's a (forgive me if I miss-heard this) "equity loan". The way out of it is to take a private loan out and pay off that 20%. So great, I'm stuck with a new mortgage when I sell my place, AND a loan of 20% of the value of the place I just sold? PASS. + +* Shared ownership. PASS. I'd have to pay the whole mortgage per month and not own the place fully? No thanks. Plus there are rent and service charges to factor in to the stress testing. + +* Uber-rare, but have my parents join in on the deed. But so few lenders do this that she doesn't recommend it as an option. Also, the length of the mortgage would be based entirely on their age, and therefore basically cause my monthly payments to sky-rocket to the point of being higher than renting a property to myself. + +I said "So if I wanted something like £250k, what are my options? Do I add more to my deposit?" + +She said no, increasing it wouldn't make much difference as I'd already be at around 15% deposit which is extremely good for a first time buy. It would be salary dependant. + +Basically to get from £190k to £250k, I'd have to earn roughly £15k more than I am now. And that's not happening any time soon. + +So either marriage or find someone willing to get a mortgage with me, or buy way up North or maybe South West (home for me) and let's face it, rent it out as that's one hell of a commute. Great... + +I asked "So humour me. Say I get married (way too soon if I'm honest), and my wife has the same income and small debt like I do, same situation for argument sake. Deposit stays at £40k, would that 190 turn in to, say, 380?" + +She said "Give or take a few %, yes." + +I'm staggered. I really am. All this god damn frugal living, feeling guilty for spending ANY of my money outside of bills, feeling like I shouldnt go on holiday and actually LIVE MY LIFE, the god damn social pressure, watching people younger than me in worse financial situations post their "our new house" pics on Facebook, and I'm no better off if I had saved £20k or £50k because it's so tied to your salary these days due to the changes in legislation etc around stress testing the market? + +Excuse me while I go and spend some money and be happy again. + +What would I like for Xmas? A housing market crash please. I feel like giving up at the moment. Still save of course but this stress just hasn't been worth it. Why am I stressing about putting away £1k a month? I don't know whether to laugh or cry. + +**[Edit] Okay, so some people seem to be thinking I'm wanting to buy in London. I don't. I know what those prices are like and I'm certainly not expecting to do that. I am aware that most couples showing off their new homes are exactly that, couples, with double incomes as a result. I'm also fully aware that my first house will not be the house of my dreams, will need work etc.** + +I work in Uxbridge. I live within 30 minutes of it (an hour on a bad commute day). + +Basically part of my "rant" as you are so kindly referring to it as (as you sit there with your own house no doubt), is that realistically, as a single guy, I have to quite my job and move to somewhere that my almost double-the-national-average-wage can afford me. It stems more from society's expectations vs the reality of low wages (even in or near London) combined with insanely inflated property prices in the area, just because it's London or near it. You have to go a good hour or so away from London to get more reasonable house prices. + +And just how insanely hard it is for first time buyers today, but it's hard to get sympathy from baby boomers or anyone already owning their own house (and no doubt married). + +Is this kind of salary available in the areas where affordable housing is, around the value I can borrow? Not that I've seen, and I'm not moving up North. I'll stay in the more attractive trenches down South. +Recently I commented on someone else's post about my advice on them paying off a vehicle and this argument came to light. The upvoted comment was for running a vehicle to the ground and my comment was downvoted so can someone explain how it's better to drive a vehicle into the dirt versus driving it until its just almost lost value and then trading it in. Thanks! + +I graduated college 2 years ago, I own a condo (pay mortgage) , paid my car off & make around 37k a year. I pay all my bills, except my dad pays my phone bill. I have around 5k in my bank account after all my bills are paid. I’m 25, is that decent? +A few general questions here, so I'm gonna try to keep things condensed and clear. + +I (22F) am starting to become more independent and have only recently understood some of my mistakes with this and am attempting to correct this, but here's the break down + +So I'm at a more long-term job at a small company, and we've just gotten the benefit of a 401k, I've got it set up right now at 15%, but before this, I was putting money into a vanguard account for my 401k. + +I've worked two other jobs where I started building my 401k. + +One, I was at Walmart for a year and put in about 20% of my paycheck, and quit around the beginning of 2019, and just left it there. + +Then end of 2019 I got another job for 5 months and put about the same amount, it was also a small company and I don't recall the portal we used for it, but once again when I was laid off cause of covid, I just left the 401k money there. + +Would I still be able to roll over the money from these two separate opportunities? And should I congregate them all into something like an IRA, or just roll everything into the 401k provider my company is using? +Just quickly coming back in to say holy shit what a day. I thought the option chain looked bullish on friday, but at this point it's now a bicep with it's own smaller flexed bicep. Look at this shit. + +&#x200B; + +[Relating the price of GME to the relative amount of delta on the options chain](https://preview.redd.it/hqmz467b28q81.png?width=1136&format=png&auto=webp&s=6501cc2454057be9ac59d906efd98feb85b14dd6) + +Okay so this is GME price and a term I call the "relative delta strength" or (RDS) plotted together. I have previously discussed how RDS is calculated [here](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) and [here](https://www.reddit.com/r/Superstonk/comments/t20ims/it_takes_money_to_buy_options_distilling_gmes/). Basically when RDS is close to 1, the rocket is primed. When it's lower than about 0.6, we can expect that there will be little violent price action. Last week we reached an RDS value of 0.7, which in the history of this saga is pretty high. This evening, we hit **0.85**. The amount of call delta on the options chain, and the strength of the call side is roughly what it was during the May-June runup in 2021. We haven't had an RDS this high since last February. The rocket's lit, get in quick. + +Here's another way to present the data, showing the relationship between RDS and GME price. It currently suggests that we are very undervalued for the amount of call delta on the options chain. This usually happens just before big ups. Nothing is a guarantee, but this data shows that people are buying a shit load of call options, and they are hodling those fuckers for the moon. + +&#x200B; + +[RDS vs Price](https://preview.redd.it/g289zsh748q81.png?width=840&format=png&auto=webp&s=e4feb3bcff3cf625c4025003316067710287ee4b) + +As always I need to provide a bear thesis so I don't get skinned alive when this stock drops. Let me be clear: the current price of the stock is due to calls on the options chain. If people decide to bail on those call options, the price is going to plummet, and it will plummet fast. Always trade assuming a rug pull is just around the corner. That being said, if the option chain remains as stacked as it is and FOMO continues through tomorrow, this fucker can literally pop. + +Get a good night sleep, eat a light breakfast, go for a walk, drink plenty of water, and get ready for a potential shit show the rest of this week. + +Much love. + +Edit: I should add, nothing today looked to me like shorts covering. In fact, in clear short fashion, they appeared to be shorting into the bull fest. Like pissing in the wind. +I'm a regular on the forum but this is a burner account for obvious reasons. I know there are at least a couple of other senior PE / VC guys in here so hoping for their take. All other forums are dominated by grads looking for tips how to get into the industry + +I lead a local office for a mid-market PE fund. I'm happy (broadly speaking) but i've been offered a much better deal by larger house . Over the past 8 years I've developed something of an affliction....loyalty! I'm just finalising the negotiation with the other house on carry, pay etc. but I'm mostly pre-occupied by how I'm going to resign. It's clearly not a "I'm handing in my notice, have a good one" type discussion. Should I expect to keep my carry (doubt) or my co-invest (more optimistic)? + +Is there anything else I need to be aware of? How have people delivered news like this in the past? + +I appreciate this is a little off-topic, but struggling on where else to go. +Married couple with 1 kid, combined net worth of $1.6M. Annual income $500K combined evenly split. We are in our mid 30s (34, 37) + +We have 1 kid and will have probably 1 or 2 more. We live in a HCOL area, plan on sending our kids to public schools. We will likely buy a house around $700K to $1M in the far future for a good middle/high school district in the burbs. + +We save about 50% of income, our biggest expense is food - and we love to travel. But otherwise we are not big spenders! Having come from low income families - we both have good work ethic and savings habit, and are grateful for the life we are able to have today. + +Our biggest drive to make more money is probably financial insecurity and not because we want or buy anything luxurious. We visit Michelin star restaurants and stay in nice hotels once or twice a year, that’s the extent of our expenses and they total <$10K/year. + +The thing we want the most is TIME - time with ourselves, kids and families. But both of our jobs are stressful (we work in tech) and we are both counting down the days until we retire, though we probably won’t be able to until working for another decade or so. Our pay is probably either maxed out or it’s gonna be very hard to accelerate further. + +I realize we are very fortunate, but I keep thinking maybe there is another way to live life that doesn’t involve frantically spending the majority of our times in an office. + +QUESTION: should I attempt to start my own business, or should one of us work at a lower pay but less stressful job just to give us some breathing room and flexibility? How can we make sure our life isn’t as frantic despite making a lot money? I am worried time will fly by and our kid will be grown and we would regret not doing the things we wanted because we cared and focused too much on work. We are too tired on the weekend to do anything fun. + +Do I have grass is greener on the other side syndrome, or should I really think about maybe reevaluating my life for lesser pay but more time and freedom? + +EDIT: I am so grateful for the conversations this post has generated. Based on the feedback, I am immediately getting a biweekly cleaning maid and will attempt to adjust my work schedule so I can leave work early. I will also take more vacations even when I’m not going anywhere. + +It’s good to be reminded that I have the power to change my own life. If I have the time, I will also start working on a side business or a consulting opportunity (but first step - get the baby to sleep through the night.) + +I am also comforted by the fact that we are not alone. Many families are struggling to think through the same trade-offs. So thank you, everyone! +Welp, it looks like the latest troll effort is now sending the ever cheap All-Seeing Eye awards with a message about an NFT being issued in the recipient's name. There's already been two posts, and we will likely see more soon. + +It is highly unlikely that this is a legitimate offer of anything of value. It's likely a troll effort capitalizing on the NFT interest to get apes all excited over nothing. + +Please be aware of this, and be suspicious of everything. Trolls love doing their thing and giving them any energy is rewarding their efforts. Just ignore it and move on with the buying and HODLing. +Hi since I’ve been 16 I have actively traded starting out with day trading I tripled my money in a week then slowly lost all my profits then I attempted swing trading and finally became an active options trader and after 2 years of active trading, reading books, practicing, trying new strategies. I have yet to get to the point where I am confident and consistent in trading. If anyone else relates to this, how did you persevere from this hopeless feeling? +Hello all you glorious apes and apettes, I'm back after a break for more psychological abuse! Actually I can't get enough.... the thought of Gabe Plotkin scouring my message board is.... brb sec cold shower time (source: [https://finance.yahoo.com/news/melvin-t-shake-reddit-attack-205148761.html](https://finance.yahoo.com/news/melvin-t-shake-reddit-attack-205148761.html) ) + +https://preview.redd.it/nghicybhj5b71.png?width=713&format=png&auto=webp&s=0c8eaead8be17fe4e180f8a159673971204efa8b + +So I've noticed over time, posting about prices WAYYY out of the bid-ask spread associated with weird vertical-line-thingies, that one of the things that Gabe's data scientists work really hard to lie about are that these are "glitches." We've all seen them- u/shugs517 was nice enough to post this some 20 days ago: + +https://preview.redd.it/685ffh6jj5b71.png?width=3024&format=png&auto=webp&s=7825ab3a3535049c099c85a5518ad8bfd1a279f2 + +It was pointed out that a whole lot of stocks did this "straight DOWN thingy" all at the end of trading day on Friday- [here is the original post](https://www.reddit.com/r/Superstonk/comments/og5pm9/uhm_guys_tons_of_stocks_and_even_etfs_are_doing_a/) from [u/Philbuzzoff](https://www.reddit.com/user/Philbuzzoff/) . SO- after my last post a TON of deeply wrinkled brains helped me learn a shit-ton, and one of the most enlightening things was: + +# The Intermarket Sweep + +A.K.A. The most common thing that you never knew existed in the market. WHY? Because fuck retail investors, why would we need to know anything??? as usual. From [https://ibkr.info/node/1734](https://ibkr.info/node/1734) : + +[They happen All. The. Time.](https://preview.redd.it/q9vshtglj5b71.png?width=1088&format=png&auto=webp&s=a0b8f2a83f7de8c38ee85bef03c7fe401eebbb52) + +Let's explain why this is not a "common" trading technique, first. So, there's a group of rules called "regulation NMS" that defines what is and is not "legal" to do while trading. From [https://www.investopedia.com/terms/r/regulation-nms.asp](https://www.investopedia.com/terms/r/regulation-nms.asp) : + +https://preview.redd.it/r08n7shpj5b71.png?width=647&format=png&auto=webp&s=114ec718e692c11d236077b7296e46927539e491 + +The important part here is the "order protection rule," that's supposed to keep most trading inside the bid-ask spread. From [https://www.investopedia.com/terms/o/order-protection-rule.asp](https://www.investopedia.com/terms/o/order-protection-rule.asp) : + +https://preview.redd.it/nhrms0lqj5b71.png?width=622&format=png&auto=webp&s=04791e7249123827fb6cfc597732e3874d772145 + +How can this rule exist AND intermarket sweeps be legal? Um, reasons: see [https://www.investopedia.com/terms/t/tradethrough.asp](https://www.investopedia.com/terms/t/tradethrough.asp) \- + +https://preview.redd.it/h1qu1k5sj5b71.png?width=621&format=png&auto=webp&s=f30e01fce9bc853ee024d9a4dfe56fe3c22766d5 + +And one of the most common "instances" where these trade-through regulations do not apply is?? (Yea I already gave away the answer, I know.) The INTERMARKET SWEEP otherwise known as a "sweep-to-fill order", see [https://www.investopedia.com/terms/s/sweeptofillorder.asp](https://www.investopedia.com/terms/s/sweeptofillorder.asp) \- + +https://preview.redd.it/tl6s0w2tj5b71.png?width=589&format=png&auto=webp&s=e8b68b03a9740475d953559ae6431359f86b3510 + +https://preview.redd.it/f9ema6uvj5b71.png?width=614&format=png&auto=webp&s=db81b12955891bb01602302acffe923d9e6ec790 + +Many people have seen this "sweep the book" activity where the entire buy side of the level two data just gets instantly obliterated (see explanation below). That would be our friend, the intermarket sweep, in action. Apparently they can even be used to create flash-crashes like GME saw a while ago (feels like years ago now)! [Accenture's flash crash: what's an intermarket sweep?](https://www.wsj.com/articles/BL-MB-21819) (I'm poor as shit so I don't have the sub to wsj.) Anyway, these things are insanely common, here are some screenies I snapped of just the past few days: + +https://preview.redd.it/x3h9pmngk5b71.png?width=537&format=png&auto=webp&s=7115aa3235e201d3b2a2abfc300e04613b094d44 + +https://preview.redd.it/3ldzbvrik5b71.png?width=696&format=png&auto=webp&s=191f19281e4fa3ba75042a90a2fbe7e8b108b201 + +https://preview.redd.it/3aigvpsjk5b71.png?width=722&format=png&auto=webp&s=9664b63495ba8ba0c73b6184c4fedd47bf9b6993 + +And I've also noticed that a LOT of them seem to coincide. Fuckin striaght up-and-down thingies flying everywhere. + +# How to (try to) see Sweeps yourself with a normal trading platform: + +It's not easy, because our plebeian trading platforms don't have code to display sweeps on-screen as they happen. (Such trading systems cost over $30,000/year blehhhh) However, once you know what you're looking for (and that the fucking things exist), you can begin to see *some* of them. + +# 1. Watch for vertical lines in chart with real-time data that smooths the graphics as much LITTLE as possible. + +They will correspond blocks of RED or GREEN colored trades in the time & sales and/or level trading data. If it looks like Christmas, you're in the right place for sweeps. + +# 2. Bigger ISN'T always better. 😮 + +The two windows below show the same stock, but as you can see, the TINY window shows our up-and-down line thingies (sweeps) much more clearly and reliably than the big window, even with the big window set to a higher resolution (1 min candles as opposed to 3min in the tiny chart). + +https://preview.redd.it/tpxynll7u5b71.png?width=1181&format=png&auto=webp&s=ca853deaea7cffff7149264aeb3e2a6c5e198396 + +Why didn't I get rid of all the itchy mocha clouds to take a clean picture??? (One of my favorite Siri-isms of all time.) Because I couldn't risk breaking rule 3.... + +# 3. For the love of all things crayola, DON'T REFRESH THE DATA + +Our platforms will average out the sweeps as soon as you refresh or change the time scales, but if you let the data feed into the chart in real time and *don't touch anything*, the chart might not "average away" the sweeps data and display it for you. + +# You might ask yourself wtf sweeps are used for since using them involves overpaying ungodly %s to get stocks 1-2 seconds faster?? + +Only the hedgies performing them know, and we can only guess. Sites will say "because speed is valued over price," but that means.... nothing?? What I have noticed ANECDOTALLY (Read- this is THEORY until I get confirmation) is that sweeps are used when bull whales and short whales are fighting over a stock's price- If you've watched level 2 data ever, I'm sure you've noticed "buy walls" and "sell walls," a huuuuuge # of orders at one particular price just beyond the best bid/offer, that sort of buffers the price: [This Site does a nice job of explaining](https://www.yurikoval.com/blog/2018/10/understanding-buy-and-sell-walls.html) + +[Credit: https:\/\/www.yurikoval.com\/blog\/2018\/10\/understanding-buy-and-sell-walls.html](https://preview.redd.it/lnxtk9bpk5b71.png?width=960&format=png&auto=webp&s=d8ccc62a4918aabf6f840e7b5b411f22acec7135) + +When a sweep order is filled, it "sweeps the lvl 2 book" as described above, obliterating any buy or sell walls that have been put up instantaneously. So THAT is what I think they're using it for..... A really expensive way to instantly evaporate all of your enemies' defenses. With no buy/sell wall active any more, the price may be influenced far more easily. + +What is NOT anecdotal observation/theoretical is the research that smart peeps have done relating 1) Market sweeps, 2) High frequency trading, 3) Algorithm trading, and 4) Flash crashes. + +Flash crashes are heavily studied in financial academics, and it is agreed that they are caused by liquidity crises: + +>"The CFTC-SEC Staff Report on the market events of May 6, 2010, identified automated execution of a large sell order in the E-mini contract as precipitating the actual crash. What then followed were “two liquidity crises—one at the broad index level in the E-mini, the other with respect to indi-vidual stocks” (CFTC-SEC \[2010b\] p. 3)." From [The Microstructure of the Flash Crash](https://www.datascienceassn.org/sites/default/files/The%20Microstructure%20of%20the%20%E2%80%98Flash%20Crash%E2%80%99%20-%20Flow%20Toxicity,%20Liquidity%20Crashes%20and%20the%20Probability%20of%20Informed%20Trading.pdf) + +Sweep orders are highly correlated with flash crashes: + +>"Precursory factors associated with FlashCrashes include unusual options activity (Boultana et al., 2014) abnormally-high levels of inter-market sweep orders (McInish et al., 2014), extreme illiquidity (Easley et al., 2011) and marketconcentration (Bethel et al., 2011)." From [Modelling and mitigation of Flash Crashes](https://mpra.ub.uni-muenchen.de/82457/1/MPRA_paper_82457.pdf) + +Trading algorithms incorporate market sweeps in their trading behavior: + +>"This is imperative also because of algorithmic trades that involve “sweep orders” which scan all exchanges for the best available execution price. The preclusion of trade in one market could automatically allow search in substitute markets. An erroneous order could then have a disruptive effect in those markets which eventually would spill over to the primary market (possibly causing a longer closure)." From [Algorithmic trading, the Flash Crash, and coordinated circuit breakers](https://www.sciencedirect.com/science/article/pii/S2214845013000082) + +The flash crash of May 2010 has been linked to HUGE market sweep activity: + +>"During the Flash Crash on May 6, 2010, a short period of high stock market volatility, some stock prices declined to $0.01, while others increased to $100,000. Examining Intermarket Sweep Orders (ISOs) before, on, and after May 6, we find that ISO use is substantially higher on May 6. For those stocks whose prices fell the most, over 65% of the sell volume comes from ISOs. During the price recovery period for these stocks, about 53% of the buy volume comes from ISOs. We believe that the unusual behavior of ISOs contributed to the sudden drop and recovery of the market." From [The Flash Crash: Trading Aggressiveness, Liquidity Supply, and the Impact of Intermarket Sweep Orders](https://onlinelibrary.wiley.com/doi/abs/10.1111/fire.12047) Fuck the paywall to get the full article here: [Because paywalls suck](https://sci-hub.se/10.1111/fire.12047) + +One last example- Here's an in-depth look at why and how flash crashes occur in ETFs, specifically referencing something (I don't know what) that happened in 2015: + +>"The pattern is consistent: Most trades are flagged as “Intermarket Sweep”—which means it’s a market order to take out the book." ... "HFT algorithmic trading was a big part of what we saw. I say this for a few reasons. Firstly, no human being trades one share of anything. Second, about half the trades were flagged as intermarket sweep orders (ISOs), the common form of high-frequency trading (HFT) that values speed over price. Mom-and-pop investors aren’t flagging their 80-share trades as ISOs, in my experience." From [Understanding ETF 'Flash Crashes'](https://www.etf.com/sections/blog/understanding-etf-flash-crashes?nopaging=1) + +EDIT: Thanks to u/shiftyasiankid for grabbing this pic from a Rensole morning post- this is what GME's flash crash on 3/10/21 looked like: + +[holy fucking sweeps, batman](https://preview.redd.it/wiewbkss16b71.png?width=2048&format=png&auto=webp&s=a6e09dcdfced66e3bf50b0c6029b76839a7007b6) + +Every time someone has posted about these "straight up and/or down lines" they get bombarded by Gabe's data scientists, trying to convince them either: 1) it's just a glitch, 2) someone fat-fingered a trade (illegal for a broker to take advantage of that because of reasons above), 3) someone at the broker fat-fingered the trade (seriously.... what?) and they ALL know these are market sweeps. **I passionately hate getting lied to. I have NO IDEA why they're all lying about this.** + +Anyway I'm off to vape some crayons, this fresh box of crayolas has some mad terps and I'm dying to dig in. Hope I could provide some wrinkles!!! + +# TLDR: Straight-line thingies are no glitches, they're market sweeps from institutional traders. + +p.s. there's no financial advice in here, only 🦍💎🙌🚀🚀🚀🚀🚀🚀🌙 +It says this is for all households, and will be knocked off energy bills/credited to your account between Oct-22 to Mar-23. what if you’ve fixed your tariff, you get it anyway? +I fixed my tariff in Jul-21 for 2 years, but i get the £400 anyway? +I recently posted about my wedding show business getting shut down because of the current health crisis. Thanks to everyone’s (mostly everyone’s) comments and kind gestures I am now back on my feet and feeling great. + +I’m in the process of starting a new business selling T-Shirts to raise money for the NHS and earn the money lost from my old business. The business is joint with my 10 year old daughter who was interesting in raising money to help, the designs we do together and at the same time I am teaching her how to start and run a business. + +I was certainly in a bad place not so long ago and had thoughts I’d never think I’d ever have, to know that others are out there and the support I received really helped me through to the other side. Obviously I’m still struggling financially and the loss of my life savings is a huge disappointment but I’m hoping this new idea will get me back on track. + +So, to all your redditers out there, thank you, you really did save my life. + +I’ll keep you all posted on how the business is going and what you have helped me achieve. + +JUST TO CLARIFY +- 100% of the profits from the supporting design t shirts are going directly to the nhs. +- we have a separate line of designs which are not related. +**PLEASE DROP AN UPVOTE AND/OR COMMENT IF YOU USE. IT TOOK ME A FEW HOURS TO MAKE THIS SPREADSHEET AND I WOULD LIKE TO HELP AS MANY PEOPLE AS POSSIBLE. I SEE A LOT OF PEOPLE OPENING AND DUPLICATING THE SHEET, PLEASE HELP PAY IT FORWARD.** + +Disclaimer: I originally created this tool for the impending GME short squeeze, but it can very easily be applied for volatile penny stocks. + +It's always nice when a stock you own runs up in price, but you don't want to be the one caught holding the bag if/when it eventually comes crashing down to earth. **HAVE AN EXIT STRATEGY.** Everyone has different levels of expendable capital and risk tolerance. Some of us can afford to YOLO away six-figure investments, while others would be more than happy to simply turn a few hundred dollars into a grand. + +Your exit strategy should depend on how much money you are comfortable losing, and how much profits you would be happy taking. I'm not here to tell you what your strategy should be, but I did make a tool so you can figure it out for yourself: [Exit Strategy Calculator (Google Sheet)](https://docs.google.com/spreadsheets/d/13twJC8Ldy3p7iS7fp5htOjfhTYZIE_Fqa5Rn9wgqv8c/edit?usp=sharing) + +&#x200B; + +**HOW TO USE THE EXIT STRATEGY PLANNER** + +\- Note 1: **This is for shares only**. I'm not smart enough to make this work for options. + +\- Note 2: The link I provided is READ ONLY, so the first step is to **make a copy** for your own use (File --> make a copy) + +\- **Now, enter your current position.** Provide the number of shares you have in A3, and your average cost basis in B3 (these cells are highlighted in yellow). Your total investment will automatically calculate in C3. + +\- **Columns E-F are the ROI calculator.** Column F tells you what the share price will need to reach in order to hit the ROI listed in Column E. Column G tells you what your total value would be at that share price. + +\- **Columns I-K are your break-even analysis**, which basically tells you what the share price would need to be for you to break even by selling X number of your shares, and what your profit would be if you sold all of them at said price. *You will probably want to adjust the #s in Column I based on how many shares you currently have in your position*. Columns J & K will automatically update when you do. + +\- **Columns M-N calculate your profits at different share prices.** How much money will you make if you sell when GME hits $80? What about $100, or $250, or even $1,000? These columns will tell you. Feel free to adjust the share prices in column M if you want, but I have most of the big milestones covered. + +\- **Columns P-R are your exit strategy planner.** *You will need to provide the following information: # of shares (if any) you want to hold long term, post-squeeze \[cell P4\]. Maximum dollar amount from your initial investment that you can stomach losing \[Q4\]. Profit amount you would be 100% happy cashing out with no FOMO of future gains \[R3\].* Cell Q6 will calculate your "worst case scenario" sell price. **Set a stop loss order at this price to maximize your losses** to the amount you entered in Q4, while still holding your desired # of long-term shares. Cell Q7 will calculate your "best case scenario" sell price. **Set a limit order at this price to cash out with your "100% satisfied profit"** you entered in R4, while still holding your desired # of long-term shares. + +\- **Columns T-V is an incremental sales planner.** Some of you may want to sell a portion of your shares when certain benchmarks are hit (ie sell 10 shares when it hits $100, another 10 at $150, etc.). Simply enter in how many shares you want to sell at each price point \[column U\], and the sheet will calculate your cumulative revenues, net profit, and remaining shares. + +TLDR: Use this spreadsheet to avoid getting caught holding the bag on volatile investments after a run up. I made this for myself for the impending GME squeeze, but you can make a copy for yourself and change the cells highlighted in yellow to account for your personal stock positions and risk/reward preferences. 🚀🚀 + +**EDIT:** A few people have mentioned that the file traffic was too high and it was not allowing them to make a copy. Fear not! I have made some alternate sheets you can use instead (they are all the same). + +1. [Alt 1](https://docs.google.com/spreadsheets/d/1-6XkMn0c6OkHvyA0fWeTDVumpmU6btFYnsbY1z0GecM/edit?usp=sharing) +2. [Alt 2](https://docs.google.com/spreadsheets/d/1HrkHCwhpCWtCQbvW2NJ5Zwo_kU65oDgDyRf3sLket6E/edit?usp=sharing) +3. [Alt 3](https://docs.google.com/spreadsheets/d/1XZpIwY-KIZHXZUcLBTT7yVUq2oBsQg6IE44odsxSLsw/edit?usp=sharing) +4. [Alt 4](https://docs.google.com/spreadsheets/d/1sCxovPWEHj11IuK2a1U4fyqqqYYxYwcsBNRVcT4gfdI/edit?usp=sharing) +5. [Alt 5](https://docs.google.com/spreadsheets/d/1m1M3FDN0t62SqSH2U5lOZ602hdOF_x6d5rM33qe5l7Y/edit?usp=sharing) +For the lucky few that have had the pleasure of *never* actually knowing about Safemoon, let me introduce you. + +[It's a copy-paste of BEE token](https://ibb.co/hK5Qcs9), minted on the Binance Smart Chain, with a few variables changed and general CTRL+F to replace "BEE Token" with "SAFEMOON" + +The idea is, when you sell, you are taxed 10% and 5% of that goes to a liquidity pool & (2.5% BNB + 2.5% SFM) and the other 5% is split proportionally amongst holders. + +The clever amongst you may notice two things here; + +* When you buy, you are actually buying 10% less than you bargained for, which means you need a de-facto 20% gain when selling Safemoon to *just break even* +* The structure of the tax of every use of the token benefiting early investors proportionally makes Safemoon a strange kind of Pyramid-Ponzi hybrid. + +------------- + +[My last chapter of this omnishambles - ](https://www.reddit.com/r/CryptoCurrency/comments/pdjxnb/safemoon_has_been_exploited_from_day_1_and/) ^(a situation that has been comprehensively mismanaged, characterized by a string of blunders and miscalculations) +- focused on the clear evidence on the blockchain that the developers had programmed a little flaw into the Liquidity Pool function, which allowed a small portion of those 2.5% of taxed funds to be sent to an **undisclosed developer wallet, which was then *wash-trading* the funds and selling for cash** + +------------ + +###BUT LET'S TALK ABOUT THE WALLET. BUCKLE UP, THIS IS ONE HELL OF A RIDE. + + +For any other Cryptocurrency, this is just not a big deal. + +A wallet is simply a place to hold Cryptocurrency(s) securely off exchange. In fact, it's kind of a given. They're nothing special. For Safemooners, it's some kind of perverse salvation. This is because it's the first actual product Safemoon have developed and delivered. A test of their mettle, so to speak. + +The hype leading up to the wallet has been unreal. To start with, Safemoon CEO John Karony was advertising "industry leading security!" (no details) and "unparalleled usability" (no details) + +[This was supposed to be delivered at the end of July.](https://twitter.com/safemoon/status/1409556070444449793) + +So July rolls around and people start to notice, still no news. Turns out, there's some kind of closed Beta, 500 participants, all sign some NDA that is allegedly this life or death "sued into oblivion" thing. This will become a handy excuse as the end of July looms closer and closer and not one single drop of detail emerge. + +People get nervous, questions get asked. John Karony comes on discord to assure everyone that it's going fine and the wallet will exceed expectations. People ask what his favourite feature of the new wallet is and he replies ["The calculator"](https://np.reddit.com/r/SafeMoon/comments/oksv0s/i_encourage_everyone_to_go_back_and_read_this_ama/). + +Now, immediately people start to speculate. The wallet is so hyped, after all, that it *MUST* have this revolutionary calculator, like an earnings, investment, profit and loss calculator, something crazy to take into account the Safemoon reflection system and future profit, something wild, like that! Right? + +-------- +Remember that. + +-------- + +End of July hits, no wallet, nothing. This causes three massive sell offs on the 30th, 31st of July and the 2nd August. + +Safemoon fires back, public beta launching! Early August. + +Jubilation in the hearts of minds of many Safemooner, deliverance at last! + +The beta is released, and people pick out a few issues: + +For one, the wallet appears to be a simple re-skin of Trust Wallet. + +* [Trust Wallet](https://i.redd.it/54q7q8dde0g71.jpg) +* [Safemoon Wallet](https://i.redd.it/lakkh7dde0g71.jpg) + +For two, **most importantly**, the calculator - *literally highschool programming* - is non-functional. If you perform any function with a decimal place, it errors to zero. Multiply 1,000 by 4.5? Zero. Divide 759.32423 by 2? 0. + +#The CEO's favourite feature of the wallet was a bog standard calculator you can find on any PC, Laptop or Phone, and it was a calculator that did not even work. + +For three, the app can't seem to stay open for more than a couple minutes before crashing and needing to be restarted. + +####Just to remind everyone, through all this and the people pointing out genuine flaws with the first public appearance of a project apparently made by Safemoon, the wolves came out and declared it all FUD, mass-banning from Discord, Reddit, Telegram, etc. + + +Safemoon Defense Force geared into action with some legendary quotes: + +> Everyone should understand that beta is not the final product. + +# +> Isn’t that the point of a Beta? + +# +>This app proves the Closed Beta in fact never happened. They cobbled this crap together like a week and a half ago so they could string along investors a little further.. +# +>Thats why there are beta's out. And yea it has a lot of issues but they can now work on it... ...I still trust in this team. +# +> Its just a Beta don’t forget + + +Do you get the idea? Well, a Beta is basically feature complete, undergoing final stress testing. The Safemoon open beta wallet was clearly an app cobbled together in less than a week by some half-illiterate team assembled from Fiverr. + +###What's important to remember is implications from the CEO that this wallet had been worked on for months. + +As the weeks go by, the wallet has numerous bugs fixed (further proving it was cobbled together last minute) all in the backdrop of the largest Safemoon whale selling trillions upon trillions of tokens, which prompted this thread from me: + +[Total Capitulation - Safemoon is now dead.](https://www.reddit.com/r/CryptoCurrency/comments/p5eapb/total_capitulation_safemoon_is_now_dead/) + +In summary, the price entered a deathly freefall. Safemoon had been shedding value against the dollar / BNB for months on end, and then in the space of a day it lost 36%, with 22% happening in the last hour as one whale cashed out tens of millions of dollars all in one go. This is in the context of the *entire Crypto market significantly rising over the course of a couple weeks*. + +This left the price at the lowest it had been since way before it took off. To anyone who invested at any point between mid-March and mid-August, they had now lost significant funds (and then will lose *another* 10% if they sold) + +Copium kicked in to overdrive and the ongoing sentiment was "Just sell and give me those tasty reflections!" + +I'm not sure if the thought ever occurred to them that receiving fragments of a nearly worthless and rapidly depreciating asset does not offset the fact that the initial investment is now -80% on price, but there you go. + +------- + +Something big needed to happen. The full release of the wallet was announced. August 28th - the day of days. + +The price quickly recovered from the low. Even now if you sort my thread by "new" you will see the shit-eating grin of investors, jubilant their -85% investment is now just -46%. + +I gave them one warning: + +> You aren't out of the woods yet. + +As the price recovered it broke the 3-month downward trendline. The wallet release really seemed to spur the community on. + +Hype built along with the price, and there ended up being Safemoon Wallet advertisements in [Picadilly Circus](https://twitter.com/safemoon/status/1429818330353967112), Trafalgar Square and Times Square. + +###SAFEMOON WALLET, ONE DAY TO GO!! + +The release date was 4PM GMT on the 28th August 2021. You may notice that's nearly two weeks ago. I bet you want to know what the wallet is like? + +Well you won't know, because **IT NEVER RELEASED** + +Twenty minutes before the release, CEO John Karony was [busy fluffing the wallet up on Twitter](https://twitter.com/CptHodl/status/1431627374471299077). + +It was supposed to be a simultaneous release on the iOS App store and the Android Play store. + +4PM rolls around, and... nothing happens. Nothing on the stores, nothing on the website. The app-store download buttons simply *refresh the Safemoon home page!* + +But another whale decided to cash out. Hindsight shows this was an excellent time to depart. He did it just thirty minutes before the wallet was supposed to launch. + +An hour goes by, two, with no explanation other than "Technical issues" + +Three, four... Then a day.. Then two. + +And the excuses are coming out. "You guys broke the app store!" "You guys crashed Safemoon again!" "We got DDOS'd!" + +###It was abundantly clear that nothing was scheduled for release, and Safemooners weren't buying the excuses. + +Apple / Play Store wouldn't have invalidated the release minutes before the scheduled launch. Validating an app can take a couple days. + + +And now the beta wallet is finally in the hands of a few trusted moderators from the discord / reddit communities. You should see the changelogs. Basic, simple errors are being corrected left, right and centre, and the CEO of Safemoon pretended this was ready up until the very last second before it didn't launch due to technical difficulties. + +**It's not hard to put 2+2 together here, the wallet wasn't ready so they just let the price hype up while they intended to not release it. Their excuses don't add up because the app-store would've released a submitted app, and the buttons on the website never once linked to either app stores.** + +We are now coming up to two weeks since the "launch" and still no sign of a release date. The whole thing has been a fiasco from start to finish and the show is still going on. + +[Just today, three executive team members handed their notices in simultaneously.](https://preview.redd.it/n9rcfexfujm71.png?width=640&format=png&auto=webp&s=feb03063d6a61e41223faa7e59c793030f899171) + +[Another source](https://preview.redd.it/mbs1wszbujm71.png?width=640&format=png&auto=webp&s=6d0a406fbefc129ffd7db2fbe2a6bada27fc41e7) + +That's from Charles Karony, John's brother. These images have been sourced from their private discord and posting them earns you an immediate timeout on the Safemoon sub. + +Hank was in charge of the wallet, Thomas (known to the cult members as 'Papa') is supposed to be developing the blockchain and exchange). Jack is the Chief Operating Officer. + +###The overwhelming impression I have now is "rats fleeing a sinking ship" + +Since the news broke, a leading Youtuber "Safemoon Whale" has sold up, and not only that but they deleted their Youtube and Twitter accounts. The price has been plummeting to lows last seen when the largest previous whale sold out. + +As always, the devoted immediately spout "buy the dip". **THIS IS NOW THE 11TH DIP SINCE MAY** At some point, these guys will ruin out of fiat to plow in to feed the whales. + + +And that "Safemoon Whale"? They only cashed out 500 Billion tokens. **THERE ARE STILL 43 WHALES WITH OVER 500 BILLION TOKENS! SOME HAVE TRILLIONS AND TRILLIONS OF TOKENS!** + +At some point, the hype will be gone. The wallet will release and people will go "Oh, it's just a wallet. So what." and it'll all unravel. + +And the price? It's still on the 4-month downward trend since May. The phoney wallet release was just a blip. + +So you have a copy-pasted token, a team of amateur kids with zero experience, a "Blockchain Wizard" with literally no proof of his technical skills faking rejecting a position at Ripple (this debacle is another thread entirely), a bunch of ripped off assets for marketing, a phoney wallet, a non-functional calculator, three missed wallet deadlines and now core team members all quitting at once, and all the while this happens, whales dump trillions of tokens, cashing out tens of millions of dollars, and the faithful lap it up and say "Thank you for my reflections". + +###Nah man. +Let’s say for example that 100,000 people all bought CALL options for AMZN stock that calls for AMZN to be at $4000 a share in March of this year. + +Does the mass purchase of these options actually affect the value of the underlying stock? + +If so how? And by what mechanism is the price driven by that? + +To me it seems like it’s just 100,000 people making a prediction but that they could all be completely off and the price is unaffected. +This post is in two parts. 1 part emotion, and 1 part the usual financials. + +33/m married. Wife is stay at home mom of our 2 year old. + +## Touchy Feely Emotions: + +I grew up poor. My parents were able to rise above the poverty line here and there, but it wasn't consistent. Imagine my surprise when I started making 6 figures. An even bigger surprise happened when I was an early employee of a tech "unicorn" that went on to IPO. + +This has caused some internal conflict for me. I never knew much of the world _before_, but now I've traveled everywhere and seen many things. I've seen that life can be so much more than the biggest lesson I was taught when I was young: **Make More Money**. + +I look at my money every day. I secretly love it. I love the warm feeling it gives me -- of safety, of escaping the throes of my childhood. + +Today, I'm exercising safety net to take a step out of the rat race for a while. This will be the first time I've not had a job since I was 14, and I'm freaking out. + +## Current Stats: + + + +We are always moving our FI number around because we can never decide where we want to live. The last 10 years, we've lived in San Francisco, London, and Oklahoma. Now we are doing a 6 month stay in Eastern Europe. If we settle in a place like Oklahoma, we could FIRE in just a couple of years. If we made camp in SF, it would be another 20 years. + +Assets are mostly liquid. Huge chunk in IRA / 401k. No debts. + +I just quit my 200k job in order to go to Europe. My wife is from the city we'll be living in and I've been there 7 times so it won't be anything new to us. This 6 month trip will cost us about 9k in USD for living expenses. It's very cheap there. + +The opportunity cost is roughly 55k of lost savings plus I'm the CTO of the company so I've just forfeit future vested options. (it was a mildly successful startup) + +I was feeling burnt out. I had been doing startups for 10 years and I wanted to change to a bigco. But before I take the plunge, we found no better time to do an extended European trip as our son is not in school yet and the wife has no income earning job. + +Plans: + + - 1 month of rest. Just see her family. Eat Mediterranean food. Heal from all that work. + + - 5 months of tinkering with small time business ideas to earn new streams of passive income. (I've already successfully done this once with a website that nets a couple grand a month) + +How silly am I to have thrown all this stability away? +Hi guys, +As I understand it, China is the largest holder of U.S. debt and Japan is 2nd. Japan is already starting to reduce its treasury purchases. If China sells off U.S. treasuries that means the yields will rise and companies across the country will be less inclined to tacking on more debt. This comes at a time when the market is already extremely leveraged AND when the fed’s fund rate is increasing. This will cause cash to dry up in U.S. equities which will slaughter the stock market due to the deleveraging....I’m really not trying to be a contrarian, I’m just wondering if anybody shares this same view? Thanks for the read! +I’ll probably get downvoted or whatever but I’m just so annoyed today. My bank account went negative again today and I don’t get paid until next week, I’m scrambling trying to sell my stuff on Facebook so I don’t get hit with over draft fees every day. My sister was just ranting to me about how broke she is when she literally told me she has like $2k in savings. She was so stressed and vented to me about it for like an hour, meanwhile I would do anything to be in her position right now. + +EDIT: for the comments telling me to work more hours or get a second job, I’m already working two jobs AND freelancing so please stfu.. I don’t know why so many of the commenters and posters seem so out of touch with the struggle + +EDIT 2: why are there people humble bragging about their savings in the comments? Please take your 10s of thousands of dollars into another financial advice sub because it’s getting on my last nerve +Long story short: 10 years ago I invested $10,000 in a private software company, 2000 shares at $5/share. There's talk that the company may either soon be issuing dividends (no amount stated), or buying back shares at $150/share. + + + +My questions: + + + +1) What's the best strategy to dividends? Tax-wise, etc. How about if I re-invest my dividends into the company? Does this affect how much taxes I pay? + + + +2) Best (legal) tax shelter if I sell my shares for cash? + + + +3) What to do (investment/tax-wise) with that cash? + + + +4) Anything else I'm not thinking of? + + + +FYI I am American, extremely low-income, live hand-to-mouth and have no savings or property. This was just dumb luck, but it was a long time in the coming! I don't need to buy myself anything if I get the cash; I'd rather put it into something smart so I can either have a secure nest egg, or have some supplemental income through dividends. Thanks in advance! + + +**EDIT** Sincere thank yous to everyone who took the time to offer their input and advice here. Will make note of all that has been said, and, yes, seek out a professional financial adviser when the time comes. +Anyone here dropped from working full time to improve their work life balance and to spend time on activities they enjoy? + +What did you do to get there? + +How much do you earn? + +Can it be done on not a huge wage? + +What's your cost of living? +LOT's new HUB just launched! A new website that will make it so much easier to participate. And it looks beautiful. Congratulations to the devs for their hard work and continued efforts to make $LOT the most reliable crypto investment. This redesign marks the start of a new era for the original and best BSC Lottery. We've already redistributed over 22k LOT (equivalent to $80k at current price) We've also launced our weekly side lottery, called Pineapple Express. Yeah you know the name. Come ask in telegram if you want to know more! There's lots more marketing in the works and the team is working their butts off to ensure the project is a success. No pump and dump rubbish here. We're about a third of our ATH right now, and a perfect entry price. Any questions at all, come ask! 💎💎 + +&#x200B; + +$LOT Tokenomics: + +&#x200B; + +$LOT is a decentralized raffle on the Binance Smart Chain, but through it\\\`s mechanic you do not lose your “ticket”. All you need to do is to hold 18 LOT tokens and you are automatically in for the draw. These 18 Lot acts as your lifetime ticket. Each transaction has a basic fee of 6%. + +&#x200B; + +🏆 2% distributed between holders + +&#x200B; + +🏆 2% burned + +&#x200B; + +🏆 2% goes into the Lottery Pool + +&#x200B; + +Once the lottery pool reaches 0.1% of the Market Cap, this jackpot will be deposited to one lucky holder's wallet. As the draws are depended on transactions, multiple draws can happen in one day. + +&#x200B; + +That means your ticket is not only valid forever and can be withdrawn every time, it also becomes more valuable as the total supply decreased and you also collect your fair share. While the price can also go up, you can multiply your investment, without even winning the Lottery. + +&#x200B; + +💎💎 + +&#x200B; + +Right not the jackpot is sat at about $4k. But as you can see, once we start reach a MC of about $1B, the jackpot will be worth about $1 Million. And as our market cap increases, the minimum requirement of LOT will be reduced so make sure it's still accessible. + +&#x200B; + +Ill just leave you with the following: + +&#x200B; + +🚀 Solidity Finance Audited + +&#x200B; + +🚀 CoinMarketCap Listed + +&#x200B; + +🚀 CoinGecko Listed + +&#x200B; + +🚀 Liquidity Locked + +&#x200B; + +🚀 Contract: 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +&#x200B; + +🚀 PancakeSwap \[[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)\]([https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7)) + +&#x200B; + +🚀 Website: [https://lotterytoken.net](https://lotterytoken.net) + +&#x200B; + +Any questions, come have a chat with us: + +&#x200B; + +🌚 \[[https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) +The Fed can issue overnight securities loans to prime dealers via two methods: + +1. the ON RRP facility, established in 2013 which has been getting a lot of hype after hitting $534B yesterday +2. [SOMA Securities Lending Program](https://www.newyorkfed.org/markets/sec_faq.html), which has been around much longer + +The unique thing about the ON RRP facility, is that it loans to a wider audience of dealers, including MMFs like our friend BlackRock and others. However, the SOMA lending program only deals with [GSIBs](https://www.fsb.org/wp-content/uploads/P111120.pdf) (Global Systemically Important Banks) and lent them an additional cool $**‎216,148,000,000** ***just yesterday****.* Plus, it's not just T-bonds that they're lending out - it's Bills, Inflation-indexed bonds, floating-rate notes, and even ABS (although it doesn't look like they're doing that now) + +[*https://apps.newyorkfed.org/markets/autorates/seclend-search-result-page?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000*](https://apps.newyorkfed.org/markets/autorates/seclend-search-result-page?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +This reinforces the reality that there is a major collateral liquidity problem, for a number of reasons beyond over-leveraged equities. I am working on another DD that will help illustrate the big picture and global movements, but wanted to share this with you all first. +Price goes up and it’s a margin call. Price goes sideways and they keep paying interest on borrowed shares. Price goes down and apes btfd like those monkeys attacking that crate of strawberries. There is nothing they can do against the combined power of time and buy and hold. Trapped in a cell of their own making whose walls continue to close in, sometimes imperceptibly but always moving. +Pretty straightforward. What do you like about your spreadsheet, or what have you done most recently to improve it? + +My SS has been pretty basic I'd guess for a while. I manually imput numbers on a generally quarterly basis. I've also input my target spending so it gives me FI and FIRE dates based on that. + +This is just aesthics, but recently I've added in conditional formatting to fade all rows in the past, highlight in yellow the current month, and also highlight incremental $1MM milestones. + +I want to look into automating balance pulls wherever possible, but that's a project for another time. + +So what do you like/what have you done recently? +It's Friday and we all might need a little motivation and thought-provoking wisdom with the glum world we have outside. I'd like to share a parable I've found to be especially relevant to FIRE. + +**The Monk & The Minister Parable:** + +Two close boyhood friends grow up and go their separate ways. One becomes a humble monk, the other a rich and powerful minister to the king. + +Years later they meet up again. + +As they catch up, the minister (in his fine robes) takes pity on the thin, shabby monk. Seeking to help, he says: “You know, if you could learn to cater to the king you wouldn’t have to live on rice and beans.” + +To which the monk replies: “If you could learn to live on rice and beans you wouldn’t have to cater to the king!” + +*As far as I know JL Collins is the originator of the parable.* +Edit: There's some good [commentary](https://www.reddit.com/r/financialindependence/comments/hc550s/the_parable_of_the_monk_and_the_minister/fvdattv?utm_source=share&utm_medium=web2x) in the thread that would suggest Diogenes, an original Cynic, as the source of this parable, generally. + +*--* + +The FIRE community consists of a lot of folks who wind up more like monks. That's to say that we'll likely be judged, questioned, and looked upon with confusion. + +The ministers among us might ask, "Why would you forego the chance to live with more luxury, more finery, more ease? **Why would you choose difficulty?**" + +It's a matter of perspective. To the minister, carrying your groceries home after walking a distance to get them in the first place seems like nonsense when your carriage awaits at home. After all, running that carriage that short distance only requires a short toil at the altar of the king. Surely it's worth it. + +The minister may continue, "And why not replace that old carriage with a new one? They've now got way-finding horses and they even know how to park themselves! You have the money to buy it, and it's only a bit longer toil at the altar!" + +And so it goes on, a little more toil and a bit more ease. It's the tradeoff we're making. + +\-- + +While most of us probably fall under the Monk camp here, I think it's important to see it as a spectrum. No one is fully Minister or Monk. + +Let's take a look at the opposite end of the spectrum though, in what ways do you think it's worth being more like a "minister"? +My dad wants to build up some sort of fund for them to have some money when they come of age, and apparently his financial advisor suggested this life insurance thing. + +The gist of it as I understand it is that he will pay a monthly fee, and when they turn 18 they’ll have the option to cash it out or keep it going on their own. + +It sounds strange to me, is this legitimate? If so, what are the potential pros/cons of this vs a normal investment account or a 529? + +Edit: thanks for all the comments. Interesting variety of opinions here, but seems like some great information to help him make a more informed decision. I’ll probably send him this post to let him review and make his own determination. + +Edit 2: apparently it’s a “Fixed index universal life policy” or a FIUL +Hello, I have recently found myself in the rare situation of inheriting 100K € as a 21 yo medical student based in Spain. In about 2.5 years I will start my residency and will get a salary of about 2K € / month (which will increase a bit each year) and I will probably have to start living outside my home city. + +I already have an emergency fund of about 6K€ and I am thinking about the best ways to manage and invest my money. I am not sure if investing it in an indexed fund is the best way to use it yet since it might be better to buy a house when I start my residency and avoid having to pay for rent for those 4/5 years (and more if I stay in that city after). I'd have to pay around 500€/month of rent since I will be sharing the flat with someone else, and this way I wouldn't be losing all the rent money but investing it in a house. I'd also have to pay taxes of 10% when buying the house but I think that it might be worth it, saving all the rent money which is around 6%(6000€) of the 100K each year. I also have to take into account the increment of the value of the house during the years that I'd hold it in my possession. + +I know that indexed funds can bring a higher % of gains if you invest them during long periods of times but it feels a bit safer to invest in a house (kind of like a safe net) saving 6K per year while doing so. + +So basically my question is, in your opinion, should I invest the 100K in a flat and pay the rest of the mortgage with the money that I save during residency? should I use part of it as the down payment but invest the rest this year in an indexed fund? Or should I invest it all in an indexed fund this year and hold it for a long time even if I will have to pay for rent during my residency years? Thanks! +Hello, +I am (26F) expat living in the Netherlands with my husband we both are from India , I am a web developer working in NL. I was working previously in India, but unfortunately did not invest at all and my husband does not know much about investing he keeps all his money in savings account (NL and India) . I am a complete beginner in investing, so would like and recommendations for resources and learning materials.If I plan properly I will be able to save about 75 to 80% of my income. My husband has about 6 months of emergency fund for both of us, so won't have to create one for me.I have following questions +1)My employer does not provide a pension scheme, so I want to invest some amount for my retirement (How much percentage of my income should go towards my retirement fund?) +2) We are not sure how long we will be staying in NL, or will move back to India in some years. So should I invest here in Europe or Mutual Funds in India. +3) If I start investing in an Etf through Degiro what will happen to that account if we move to India after 5 or 6 years? +4)Where should I invest for short term goals like less than 5 years (down payment for a house) . +5) And I want to invest 5% of my income in high risk high return investments , any suggestion for this ? + +Thank you +I’d like to hear your thoughts on the pros and cons of paying off a home early. + +My jobs give me decent income for 1 person to live. therefor I'm saving some money each month. Right now I have 50K euro sitting in KBC saving account collecting dust + +&#x200B; + +Since I get little to zero interest in my saving account I was thinking maybe paying the mortgage fully next year or 2 + +and just be debt-free. + +the house is currently rented to a family, getting 850 euro monthly from that + +living with my parents + + +\-earn between 2000-2300euro + +\-collecting rent 850euro + + +\-bought the house at 100K + +\-2.45% fix interest + +\-800euro/mortgage + +\-currently open mortgage 67k (7yaers 3months to go) + +\-300euro total expenditure for all other things + +&#x200B; + +Did anyone pay his home early in BE? +does the yearly tax hits hart? +any other idea to put that amount of money to work? + +My plan here is to be debt 'free' and do a part-time job so I have more time for my own life +Hi everyone, i am a 19 years old guy from Italy, lately i've been interested into the investment world, i am currently looking for some tips on how to proceed, I state that in the world of finance I'm not very knowledgeable, but I would like to start investing something already at this age since it will benefit me in the future, at the moment I have 10k euros in my bank account, I started working as an employee 1 year ago, and I have a salary of around 1400 euros per month. I live with my parents so I can save every month from a minimum of 700 € (as a minimum) to about 950/1000 € (as a maximum), I have no debt of any kind and would like to start investing for the long term, as you recommend proceed? thanks in advance +Hi + +So far the only good German personal finance blog I found is Finanzwesir, do you know any other blog? + +I follow lots of American blogs like I will teach you to be rich, but I would prefer something more specific to Germany +Hello, I was resident in Sweden at the beginning of the year and now I am resident in Belgium. There is a possibility that I will become resident in Germany later this year. It will be such that I won't have spent more than 180 days in any of those countries while earning income in all of them (during my stay in each specific country). + +1. Will my tax situation become a complete mess? +2. How do I know which country will consider me as tax resident for this year? +3. Is there a possibility that multiple countries will consider me as tax resident? +4. Where will I pay capital gain taxes from investments? + +I tried to research a bit and it is confusing for me. +Recently posted saying I had €15,000 asking if Irish life MAPS was worthwhile and was advised to invest myself. I have a few questions in regards the most efficient way to invest. +I am planning to invest for the next 5 to 7 years minimum, aiming for a house deposit. +What are some good brokers to use and what funds/stocks would be good to invest in? +I plan to top up my investments by 500 each quarter, but am starting with 15000 how should I diversify and what ratios should I use? +Dear community, just wondering if someone can help me with the >!tax on investments in Ireland.!< I mean, living in Ireland but investing worldwide. I´ve read an article that if you don´t transfer to an Irish bank account, you don´t have to pay for it. However, what is the consequence of it? If you can help, please. TIA + The [market cap growth](https://i.imgur.com/90lL6mT.jpg) for crypto is right on track with increasing volume. I think people had it too good the last year and got spoiled with unrealistic expectations. From my perspective, it's hard to go wrong buying and holding. This isn't a market for day trading. Anyone who tells you otherwise is getting lucky. There is no reasonable math/science/economics of any kind that works for crypto other than long term holds. In the short term, it's a crap shoot and highly manipulated. Stop worrying but also stop trying to get rich overnight. Pick up a company you like, put the coins in a wallet and don't look at them for a month. +[Posting an update to my original Thread here. ](https://www.reddit.com/r/UKPersonalFinance/comments/eigsxl/s_has_hit_the_fan_for_my_sister_in_law_any_advice/?utm_medium=android_app&utm_source=share) + +So it's been what feels like a long and stressful week and I'm the one sitting in the sideline. + +Quite a bit has happened on this rollercoaster ride so please hold tight! Firstly it was a fast moving situation and my SIL had kicked out her partner, then asked him to come back, more things came to light and he's gone now, I really don't think he'll be coming back. + +It turned out that he's also taken out 3 pay day loans in my SIL's name throughout December in order to pay for Christmas without her permission or knowledge. + +For the payday loans she has outright reported him to the police for financial domestic abuse. Given an initial statement and the 3 lenders have currently put all collection activity on hold. + +We had a meeting with her LL who she rents via as a private landlord no letting agent involved. He owns multiple properties and he has been sympathetic to the situation, took a very reduced payment this month and will be doing the same at the end of this month and then in February she'll be moving to another property of his, smaller in sizd but much more affordable. + +We provided up to date meter readings to her energy supplier and turns out she's in a bit of debt with that but they have been fair and agreed to an affordable payment plan. + +Council tax have deferred the January payment to the end of next month as she is set to have 2 months off from paying anyhow and she is also awaiting for a council tax reduction claim. + +We spoke to UC via the CAB and they have closed down the joint claim. She will be attending the job center to verify her identity on the 14th (earliest appointment they had). + +Virgin media offered her a credit to her account so nothing to pay for two months but we will address the high package she's on that she doesn't need. + +The car finance company have paused the payment right now and it's highly likely they will be taking back the car, she doesn't need it and doesn't drive herself. + +So I just wanted to update where the situation is now at. Thanks for any advice given you have all been an absolute treasure trove of information, what felt like a black hole with no way out at the beginning of the week is now just a waiting game / cash flow issue until universal credit is sorted now. + +But thanks to all of you! + +Edit: thankyou so much for the silver and gold -- totally unexpected first time I've ever had an award on Reddit, appreciate it :) +Having watched this battle play out all day. I am more than confident to say that a series of Whales have come to battle alongside with us retail shareholders. The Amount of volume and the amount of capital that was thrown at this stock today was nothing short of remarkable. The battle started at 11:01am EST, when the first short attack began, and the stock was able to find the floor at about $97.02. What followed was absolutely mind blowing. + +For the next nearly two hours there was a series of extremely systematic buying. I have absolutely no doubt in my mind that the whales have come to our aid. If you look at the chart below you will see that every 45 minutes there is a short attack of some sort and that attack is was denied every single time. Now I am not doubting at all in the strenght of out community, but the only folks out there with this much capital are other insitututions that want in on this historical event. + +https://preview.redd.it/g60mjf6yjqd61.png?width=859&format=png&auto=webp&s=dbec1601b7ee211993b5a0635f5ec54e8230dfb4 + +That's right I beleive at this time the Rohirrim has arrived lead by a mass of insitutional investors that want a slice of that 2.75 Billion dollar bail out. And they are willing to shell out at premium prices to bleed Melvin Capital Dry. There is still 30 minutes left in this session, lets just see how this plays out. + +This is just an observation with rough hypothesis based on today's oberserved trading activity and is not advice. + +EDIT: Just a Quick Update + +[The BALLS on the trade desks of these firms. They all must have custom Hagar Pants being made in a spare office on the daily.](https://preview.redd.it/3ekdo813rqd61.png?width=860&format=png&auto=webp&s=bcc42e0badc92f6e84af4435805fdc7eebc1bea3) + +Looks like according to Level two trading, there is a significant "Sell Wall" at $150 for about 54k shares. So there is going to need to be some significant volume to push through that level, which is completely possible at the open. + +Edit #1: Added dsiclosure + +Edit #2: Added chart at closing + +Positions: Feb 12 60c, 65c, 70c, 75c, 90c, 100c, 110c, +I'm facing a career choice and really unsure about the best option. I have a partner and 3 young kids, live in HCOL area but have good low rent housing that is stable. We have saved a little over $1M between us, no debt and we are in our mid-30s. + +I've been in consulting for 10 years (short stint at a big 3, then a small ~~boutique~~ niche industry firm), so I'm making good money but I'm burnt out on travel. I'm feeling like I need a change, but I'm afraid to give up the money since I know that will cost me more years until FIRE in the long run. + +Here are the options I've managed to land. Any of these salaries would still allow us to save substantially since we keep expenses low, but obviously there's a big difference between the highest salary and the lowest. + +1) Current job, $200k plus bonus but travel 2-3x/month and lots of work stress + +2) Public sector, $120k without much growth potential, no travel. Interesting work, lighter workload + +3) Private sector role, $130k with good potential, no travel. Medium intensity of workload + +4) Non-profit role, $105k, interesting work, very good work/life balance. + +I'm intentionally not giving a lot of detail, because I'm not really asking you to make this decision for me. I'm wondering how other folks would think through this decision if faced with a similar choice in their own life. + +EDIT: Wow, thank you everyone for the thoughtful reflections and advice. This has been very helpful, and great to hear from so many people about their own experiences and choices. Also I should clarify one thing: It seems "boutique" was a misleading word for my current job. I'm not at a well-known strategy shop, but at a small-time niche industry focused place, so that is why I can't just write my ticket into a VP private sector role as some have suggested. + +EDIT #2: For what it's worth, I ended up deciding to go for #2, the public sector role. I thought the work was most interesting and wanted something with no travel at all. Thanks everyone for the advice! +I'm cutting out Diet Pepsi. I have been drinking one-a-day most days and sometimes two. I was only buying one at a time to restrict how many I was drinking. Anyway, at the current cost at the local mini-mart I'm spending $75 every 30 days for soda. Totally insane. So I'm going to drink the $1 diet Coke at McDonald's a couple times a week. I won't actually be saving money because the 'extra' will help with the cost of gas. +I am 31, FI, and 1-2 years away from calling it quits from the daily grind. Ideally, I could partially replace my current salary with something more passive. + +I am very active in the stock market with my portfolio generating more dividends annually than my current salary and I'm hoping to diversify my passive income. I don't expect or *want* to not work at all. I would just rather not slave away at a desk working for someone else. Things I am considering: + +* Real Estate + * Mult-family properties w/ property management + * Triple Net Lease (NNN) + * Hard money lending + +What other ways do you make passive income? +I (19f) am moving out of home to the city early next year and want to make sure I spend my money right, my lowest monthly income will be around $3800 (I haven’t gotten a job yet but I roughly know the income) and I’m really stressed about rent any utilities and other bills, I have used the money smart budget planner online and have worked out that I could afford to pay $375 a week on rent and still have left over money, is this a good idea? Should look for a cheaper apartment? Can I afford more? I’m really worried about my savings, it’s also really hard to find okay apartments for under $320 in the city I want to move to. I’m thinking of following the 50/30/20 rule but I’m not sure if it’s good 😅 +The Mello Casino's exclusive NFTS are dropping tomorrow 30th September 2021! + +**The presale will start tomorrow at 10AM PST** 🔥 +**The public sale will start shortly after, at 12PM PST** + +More instructions will be provided closer to the sale time! + +🎰 ONE TIME 1M Club NFT Airdrop for 1 Million+ token holders -. There will ever be only a few of these, which provide huge benefits in the app, so this is a unique opportunity. + +🎰 Sale of Exclusive Limited NFT Collection will start shortly - These give great benefits within the app, and as a result their resale price will be enormous! + +🎰 Profits from the NFT sale will be reinvested back into Mello, part as a 250 BNB buyback of the token, part to strengthen the liquidity pool, and 500 BNB will be used for marketing. This is going to have a huge impact! + +🎰 Big Marketing campaign will take place before the app launch on October 8th and massive community casino events, giveaways, and contests will happen 24/7! + +**As always, keep it Mello! 🚀** + +🟨 SOCIAL MEDIA LINKS 🗳 TG : https://t.me/mellotoken 💻 Website : http://mellotoken.com 🟨 +Will be moving to Perth in a couple weeks from NZ, I will be working a normal 9-5 if I’m lucky and want to play rugby on the side. On my free days I’d like to get into a side hustle building “gaming PCs” and doing the whole buying “junk” from yard sales doing it up selling it on Facebook/eBay. Are these viable side hustles? What’s your experience with side hustles in Australia? Thanks +Edit: was thinking in terms of side hustles that aren’t actually “jobs” things you could do like sell old junk, make things etc. things that are fun to do and if you didn’t wanna do them that day you’d simply not and just lose out on potential money +I have positions in a few blue chip companies like MSFT, AMZN, DIS, etc., and while I’m sure they’ll be good investments for quite a long time, do you think they’ll really still be good investments in 30-50 years? Even the best companies will eventually die- surely it would be better to try and sell even stocks like AMZN and AAPL at some point rather than trying to hold them all the way until retirement and betting that they won’t decline before then. The problem, obviously, is trying to time the top, and if obvious signs of decline start to kick in, the market will certainly react. + +I’m just trying to think about how I should play these blue chips over the course of multiple decades. I plan to hold things like VTI essentially forever, but MSFT and AMZN and etc.? Although I think they’re great stocks right now, what do I do in 20 years when they drop because new companies came along and started outdoing them? It’s not really worth stressing about, obviously, but I like to think about these things. +Just wanna say that you’re awesome, you got this, be patient, and hold hold hold. You’re absolutely beautiful, now let’s go to the moon. + +Edit: first off, holy dick nuts I love the love in here y’all. Thank you all for the upvotes. Also save your money...I dont want award save your money; buy and hodl + +Second, just remember you’re not alone, hold, and we got this. We are strong together! I love y’all +I ran by a new Asian market in my city, and left with two weeks worth of groceries (including fish, beef, and shrimp) for $85. Some of the highlights was $0.15 for 3 jalapeños, $0.06 for a big chunk of ginger, $0.99 for a giant bag of noodles, and $2.50 for 5 pounds of bok choy. + +I’m not sure if this holds true everywhere, but figured I would put it on everyone’s radar! +Its a live feed of the most popular tickers, ranked and links to the comments. They drop off after a period of time too, and the list refreshes every 60 seconds. + +Let me know what you think, if people like it then I'll continue improving it. Theres definitely some half baked parts of it, but I wanna see how the site does with a little load and get some feedback + +https://dayminer.herokuapp.com/ +Elon Musk told employees that he agrees with Ark Invest that Tesla (TSLA) is worth $3,000 a share “if they execute really well.” The CEO has often commented on Tesla’s stock price, but surprisingly, it was often to say that the price was too high. + +In 2020, when Tesla’s stock was reaching new high, Musk told his millions of followers on Twitters that he believed the stock was “too high”. It sent Tesla’s stock crashing, but now it is even higher than when Musk made the comment. + +Tesla is currently trading at $733 a share and the automaker is the most valuable automotive company in the world at over $730 billion. + +Wall Street firms are divided on whether or not the company is overvalued, but a few of them believe that Tesla could be worth a lot more. Ark Invest is one of them. Though to be fair, the company is also a large Tesla shareholders through its investment funds. + +This week, they released a new note claiming a $3,000 base stock price target by 2025 for Tesla. Cathie Wood said about the price target during an interview with Yahoo Finance: “Our estimate for Tesla’s success has gone up. The main reason for that is their market share. Instead of going down from year-end 2017 to today, it has actually gone up fairly dramatically,” In its valuation models, Ark Invest believes that Tesla is going to deliver between 5 and 10 million vehicles as soon as 2025. That’s a significant ramp considering Tesla likely will deliver less than 1 million vehicles this year. The firm is also betting on Tesla delivering a completely autonomous ride-hailing network, known as Tesla Network, that is going to bring in a lot of money with high margin. + +In an email to Tesla employee obtained by Electrek, Elon Musk shared with employees Ark’s new $3,000 price target and that he agrees with Ark: “If we execute really well, I agree with Ark Invest.” A $3,000 share price would put Tesla’s valuation at $3 trillion and make it the most valuable company in the world. + +Electrek’s Take + +Since Ark’s new note was an update on their valuation model and price target, it is fair to say that Musk’s email is basically a direct comment on Tesla’s stock price. He believes that “if executed really well”, Tesla should be worth $3 trillion within the next 4 years. + +[https://electrek.co/2021/09/04/elon-musk-tesla-tsla-worth-3000-share/](https://electrek.co/2021/09/04/elon-musk-tesla-tsla-worth-3000-share/) +Of course you should buy the dip. Of COURSE you should buy the dip. That’s like asking, should I buy shoes while they’re on sale or wait for them to be twice as expensive? + +If “buy low, sell high” sounds like a good strategy to you, then it’s almost time to buy. + +**How low into the dip should I buy?** + +Right now, BTC is trading around $10,000. At its lowest point during this month, it was trading close to $6,000. That’s a huge difference, right? But just remember that the worst place to buy into BTC this month wasn’t at $7,000, $8,000, or $9,000 - it was $11,697.33, it’s month high. + +Missing the dip entirely is the most expensive possible mistake you can make. Mis-timing the dip isn’t the end of the world. + +Today we’re down about 10% so far, still 9% above the weeklong low. Maybe you think it’ll hit that weeklong low. Maybe the monthlong low. But no matter what happens, you know - you *know* - that the recovery is both inevitable and will occur much faster than your ability to react to it. + +The market corrected down to $6,000 last month then promptly shot back up. The market is excited to spend more than $6,000 per BTC. A couple months ago, the market was happily paying $19,000 per BTC. Nothing about the underlying assets has worsened. In fact, the underlying asset is improving all the time - new development and marketing activity is still happening constantly. The market is growing and the number of new buyers is way outgrowing the number of market exits. + +Don’t overthink the timing. Buy the dip. Set reasonable price targets and don’t miss out on an opportunity to grow your money by the approximate size of the dip. + +If you don’t think it will recover to the present level, then by definition you must exit the market. Now. 100% of your portfolio must be liquidated today. Why not? If you don’t think the market will recover, then why would you let your money just peter out like that? It is an internal contradiction to believe both that the market will not recover and that you should keep holding. +I've been watching and researching some foreclosure auctions in my county (everything is done online now), and was thinking about getting into that angle to try to get some good deals. + +I was curious if anyone here has experience bidding on foreclosure auctions. If so, what is the type of due diligence you do on prospective properties? Do you pay for title/lien searches on the properties you're interested in? Or do you do it yourself, and hope that you found everything pertinent? + +And given that you cannot inspect the property inside before purchasing, how much margin do you give yourself on your top bid relative to the FMV of the property? + +Any other considerations that I've missed that factor into your decisions to bid and how much? + +Thanks in advance for any insight. +I joined my company in April 2021. My offer letter says "Eligible for an annual bonus of up to 10% base salary." While not guaranteed, it is spoken about as if it's basically guaranteed unless it was a particularly bad year. The annual review process wasn't started until Feb 2022, and they laid out a timeline that said they expected headquarter approval on raises and bonuses in March, with them being paid out in April. + +On April 29 our CEO sent an email saying that bonuses were still in the approval process and would now likely be May. He said he knows how disappointing and important this is, and that he's working to do everything he can to get them approved. Nothing came on the May 15 paycheck. And the May 31 paycheck was processed on Friday. Nothing on that either, and no explanation. + +While in the middle of this, I was contacted about a new job, interviewed, and received an offer. I already negotiated a later start date in hopes of receiving this bonus and to work around previously planned vacation. So I haven't given my 2 week notice yet, but suspect that as soon as I do, they will halt payment on my bonus. + +So, is there anything to be done except cross my fingers and hope for the best? I feel that further delaying my start date or now asking for a sign-on bonus isn't a viable option. I guess I can hope that the company will still honor it, but I have no way of knowing what their reaction to me leaving will be. Frustrating to potentially miss out on thousands of dollars by a single pay period. +https://www.bloomberg.com/news/articles/2020-06-17/nikola-s-founder-exaggerated-the-capability-of-his-debut-truck + +> The people familiar with the truck, who asked not to be identified discussing sensitive information, said they were concerned about the statements. Gears and motors were missing, and while the words “H2 Zero Emission Hydrogen Electric” were emblazoned on the vehicle, there was no fuel cell on board. + +> “There wasn’t a fuel cell in the truck. We never claimed there was,” Milton said. He confirmed the motors and gears weren’t in the vehicle for safety reasons. + +> It’s taking longer for Nikola to enter the field than Milton hoped. He said at the time of the unveiling of the One that deliveries would start in 2020. **Nikola is now less committal about a delivery date 3 1/2 years later. T**he company is forecasting no revenue for this year. + +This is legitimately the next Theranos/Elizabeth Holmes situation. ~~College~~ High school drop-out (not in and of itself a big deal) with zero prior experience in a disruptive field and raising tons of money without anything to show for it at all. +Hi all, + +I've recently moved into a new house with a friend of a friend of a friend who happens to be the live-in landlord. Everything's seems to be going great, housemates (landlady included) are lovely etc. I've signed a 5 month contract but will likely stay longer. + +I've agreed to pay rent at the end of every month but am yet to pay my deposit. I've been asked to pay this in cash. I'm not entirely comfortable with this as, naturally, if I hand over the cash then it's completely out of my hands and I would of course have no proof that I'd paid, or that my payment was for a house deposit with the relevant terms and conditions. + +I'm not too sure what to do here and I dont want to cause any friction so early on. Perhaps I could offer to bank transfer? Then I'd at least have proof that money had been handed over. But presumably this would not be subject to any deposit protection scheme and it would still be out of my control? + +Any advice would be greatly appreciated. + +Thanks guys +I plan on investing soon in the stock market and I would really appreciate it if you can be me books or sites that teaches you the basics and tips on starting. All help is greatly appreciated. +This is possibly the wrong forum to ask, but I’m curious about the number of people who only pay their minimum monthly mortgage amount. + +I was having a conversation at work the other day and the general consensus was why bother - with savings in the offset and a guaranteed term of the loan they preferred to just pay mortgage as if it was rent and spend on other things. + +Is this common? I was kind of surprised. +Hi + +&#x200B; + +I need to get this off my chest and I don't feel comfortable talking about this to anyone in real life so I thought I'd post here. Growing up in a very humble family, my parents did the best they could to teach me things like quality over quantity, especially my mom. Because I've had to move house more times than I would have wanted, and due to economic problems during my adult life, I never had much. Every time I've had a bit of extra money I've splurged and didn't save much. This resulted in lots of stuff I didn't need or want and that I'd eventually throw away. I thought I'd learned to do better. However, I have recently noticed - much to my dismay - that the amount of things I buy and throw away later on is just too much, and I feel so guilty and irresponsible. To give you a bit of context, I have been at my current job since March, and before that, I was unemployed for half a year. I had to make do with what I had, and I managed. I felt proud. But since I started working, things have gone downhill. For example, I have bought a lot of clothes in the past two months, and it's not just that. I used to buy a lot of makeup, cosmetics, etc. Thankfully, I was aware of that and have down pared down to a few things that I love and use, and don't buy that much anymore. But it feels like I don't learn. + +Although my friend says I don't have many things, I am overwhelmed. The fact that my room isn't too big and I have very little storage space makes it worse. I believe I tend to accumulate things at times when I feel insecure, and emotionally, I've been a lot of ups and downs lately. It's ironic, because buying stuff doesn't make me feel better. I hate shopping, but it still feels like I can buy what I need in a shop. And you know what? You can't buy a cure for when you're feeling lonely, feel poorly about your self-image or need some stability. + + I am thankful I am realising this, because it means I can make better choices, but I feel terrible because it feels like I never learn. Whenever I talk about money, my friends and my family think I am very restrictive on myself and that I should enjoy life more. I believe I spend too much on myself. Every month I promise myself I am going to do better. + +&#x200B; + +I'm not sure if I'm looking for support, advice or just venting a little, but I need to be honest with myself and tell someone about this. + +&#x200B; + +Thanks for reading. +I know that an S&P 500 index fund is already diversified, but is it diversified enough? Can I use a single fund as my entire portfolio, or is it better to include even more diversification? +Hi guys, + +I'm writing a paper on how people can save more efficiently for housing deposits, and creating a bit of a plan for people who are struggling that they can take away and apply to try and get them in a stronger position to buy a house. + +I have done lots of research into this and spoken to lots of industry experts about common difficulties BUT are there any small things that you have found to be obstacles for you when saving? + +\---------------- + +EDIT: Thanks for your responses - so much great stuff in this thread. I'm sure the article will make a big difference for those trying to better understand their options and your insights have been invaluable. + +PS. To all those who said they bought stuff because they needed cheering up - I hope you're doing okay. My messages are open if you need a stranger on the internet to talk to. +This is a question to those who are constantly profitable in penny stocking, due to knowledge rather than luck. Serious penny stock traders, how did you get to the phase where you are now? How long did it take for you to become constantly profitable? I have realistic expectations, I want to learn it the real way, with chart patterns, research, and everything in-between. + +What study material do you recommend? + +What's your strategy? + +How did you structure your learning? + +I don't want to succeed because of luck, I wanna succeed because of knowledge. + +Edit: To clarify I'm only interested in **day trading** penny stocks. (Not long term) +The majority of posts on this subreddit seem to be asking really basic questions that, half the time, don't even have to do with algotrading as much as just basic trading/coding concepts or technical analysis. + +You have people here that are [basically asking us to do homework for them,](https://www.reddit.com/r/algotrading/comments/g3e97k/need_help_selecting_predictors_for_building_an_ea/) people [basically saying "just copy their code bro,"](https://www.reddit.com/r/algotrading/comments/g3efhv/so_as_i_understand_correctly_you_can_copy_other/) and people [asking basic questions about a company's API which can just be googled or asked on any investment subreddit](https://www.reddit.com/r/algotrading/comments/g3ffd8/td_api/) (or just asked of the brokerage themselves). + +&#x200B; + +You guys need to crack down on garbage-tier threads and make one weekly thread for asking stuff like "how does an API work" or "how do I learn TA" or "what is coding." One of the [highest voted](https://www.reddit.com/r/algotrading/comments/96mjt2/some_final_words/) posts on the sub is basically echoing what I'm saying, that it's filled with trash that doesn't teach anybody about algorithmic trading or further this art in any substantive way. + +&#x200B; + +This place needs moderation for *quality and relevance of content*. + +&#x200B; + +Thanks for coming to my TED talk. +Basically, rent is due today, the 1st. I have a stable job and income, however, my work lost/misplaced my paycheck last week. I would’ve had more than enough to cover my rent this month, if I had my check. I don’t have any idea when payroll will fix the issue. + +I have no idea when I’ll get my check by. My rental lease states that if rent isn’t due by the 5th of the month, there’s a 5% late fee. However, does this mean I can still get evicted if I pay before the 5th? Should I call my apartment complex and fill them in? I’m super embarrassed about it all. I’ve never been late on a payment. + +UPDATE: thank you everyone for the great advice! I ended up calling my leasing department and explained the situation and they were super understanding about it! Basically she said that my rent technically isn’t considered late until the 5th and even if I still somehow don’t get paid by then, that we could figure something out! I plan on talking with my payroll department tomorrow afternoon and getting an answer on where my missing check is. They either mailed it, or it’s stuffed somewhere random! +I just want to thank everyone who has posted on PF for their advice/stories of how they paid off their student loan debts because it has helped me SO much in figuring out how to keep on top of my finances and get me into a better financial position. + +When I graduated 5 years ago, I had over $90k in student loan debt with interest rates ranging from 6.8%-8.25%. I made the mistake of moving to the Bay Area while taking a 30% pay cut and quickly realized that I was in over my head financially with over $1k a month in student loan payments. For the first year and a half out here, I didn't buy a car and relied on public transportation, walking, and generous friends to get places (which allowed me to have some social life) and put as much money as I could each month against paying off my student loans. Any bonus or additional money I got was split between my emergency fund and my student loan balance. I used a snowball strategy and targeted the highest interest rate loans first. + +After a year and a half I was able to get my monthly student loan obligation down to a more manageable level (~$800 a month) and leased a car - I used a lot of the advice on PF and other tactics I had learned in negotiation class to negotiate a really good deal on a car lease (when I bought the car at the end of the lease in cash from my emergency fund/card fund, the market value of my car was $2.5k MORE than what I had negotiated the end of lease value to be). + +In addition, in August 2014, I consolidated my remaining $50k in student loans and refinanced them with SoFi and got a 3.035% variable rate for a 10 year refi (discounted to 2.785% for automatic payments) which reduced my student payment loan to $475 a month. I still continued to pay over $1k a month and make balloon payments against the loan (it helped considerably that I had moved jobs and had gotten a 60% pay raise). + +When I got married in May 2015, I still had approximately $30k in student loans remaining and I told my spouse that I wanted to pay them off completely myself since it was my debt. So for the past 7 months, we have lived primarily on my spouse's salary and have been using most of my monthly paycheck to pay off the balance. In October, I refinanced my remaining $15k of student loans again with SoFi to a 5-year variable with 2.15% interest (1.9% with the automatic payment set-up). I made the last payment yesterday and it feels amazing to have those loans gone! + +I took a lot of advice from other Reddit posters and made sure to contribute as much as possible to my 401k, participate in the company's ESPP plan, have a six month emergency fund (which saved me when I got laid off as part of a reorg), and paid off my credit cards every month so I didn't have to worry about additional debt. + +Since I have a lot of friends who are still struggling to finish paying off their loans from the same program, I didn't want to post on FB. But thank you for all of your advice on how to get out of debt. +I’m starting to shift my focus of finding good setups throughout the market to just mainly focusing on spy. I’m thinking this because you don’t have to worry about earnings dates or anything, tight spreads on the options chain and that spy will always go up as long as you have the time and there’s no major reasons for a crash. I was just wondering if anyone else takes this approach to mainly just swing/day trading spy and if not what are your go to stocks to trade? +Re: https://www.reddit.com/r/Superstonk/comments/qnrmxx/more_leaked_github_code_confirming_lrcbased_nft/ and in particular, https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23 + +As a programmer, while I agree that many signs point to GME and Loopring working together, **this link in particular is not evidence**. + +It clearly says in a yellow box on the top of the github page: + +> This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. + +I know most apes here aren't very familiar with github, but that yellow box is very important. It means that **anyone can put anything on a page like this and have it _look like_ it's from Loopring**. + +Sure, this could be a commit that they added and then deleted (a web archive of the commits page of the master branch would prove it), but it also could be some random commit made by someone completely unassociated with Loopring or Gamestop. + +I made this to demonstrate what I'm talking about. Have a look at this: http://web.archive.org/web/20211106062439/https://github.com/Loopring/website/commit/7be6b885b28012636099497eafbcf5e81ada2900 + +Now, I don't think it's _likely_ someone faked this leak, because there's a lot of code in the leak, and only a small part of it seemingly accidentally references Gamestop. But I see lots of apes talking about this internet archive link as if it could have only come from someone in Loopring, because it says Loopring at the top. This is not correct. + +**Edit:** Since more incorrect info [has made it to the front page again](https://www.reddit.com/r/Superstonk/comments/r65mcg/-/hmrtht0), I made this third example. This one is identical, including author windatang, commit date, repo, etc, in all ways to the leak, except with an extra message by me. Compare these two links, the first one being the real leak: + +https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23 + +https://github.com/Loopring/loopring-web-v2/commit/d9b7a03f42bf95dd10ba42639d47f69ca148aa81 +Good Morning! + +Another day of testing 180 could be ahead of us. I guess we will have to see how badly the 7,188 open calls @ $200 strike want to get paid today. Could be interesting. + +Again Your support has meant the world to me over this last week. I am so amazed at what we have accomplish not only on YouTube but yesterday these post almost made it to the front page. Hopefully we will have even more visibility today. You guys have been so amazing in upvoting and awarding these posts. Thank you so much. + +# Important: please remember that if you haven't contact your broker about your proxy information, you should do so immediately! Not only, are you the owner of a business, but these actions could trigger a share recall by GameStop in order to verify the accuracy of their count. This is a major catalyst... + +&#x200B; + +We will be livestreaming here starting at 9am + +[https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +&#x200B; + +Additionally there is a live audio stream on our discord as well + +[Discord](https://discord.gg/HbqnUVsSrH) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, **150**, 152.5, 156.5, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, **200**, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256 + +*This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.* + +**Questions are always welcome I will reply down in the comments as often as I can** + +# After Market Wrap PArty ! + +Well we didn't close up it looks like some deep ITM puts tanked the price for the latter half of the day. Here are our closing stats. + +https://preview.redd.it/iyje1h99adw61.png?width=769&format=png&auto=webp&s=d764b63f2780e4909e08d9590dfa19107821ffee + +Everybody take a breather enjoy your weekend the stock will still be here Monday. Thank you all again for the support on the stream and in here it's been an amazing week and when in doubt on GME just zoom out we are trading several resistance levels above last week and still looking bullish as all hell. + +[Keep Calm and Stonk On!](https://preview.redd.it/bvsem9rradw61.png?width=1116&format=png&auto=webp&s=f77b228f9658beba9c2cb5a6a9020c7cb8b0d2a5) + +See you all Monday for more exciting action! + +https://preview.redd.it/fy2kcg72bdw61.png?width=891&format=png&auto=webp&s=4edfa87cc4a384f2c1bf09448b4f5ef41f11f402 + +Edit 17 3:28 + +Bounce on that descending support could see price action on volume. Still just sideways low volume looks like the week will end between 172-180. I'll update any dramatic change. + +https://preview.redd.it/zbirg7lx3dw61.png?width=915&format=png&auto=webp&s=a04cdafbbd549765549f094ccfb829237d6603bf + +Edit 16 3:05 + +Power Hour? Slow drift downward we could close as low as 172.5 at this rate + +https://preview.redd.it/fw8v44zwzcw61.png?width=1228&format=png&auto=webp&s=afbd5b71a788caa642a3511cf4d7c8acf00cc112 + +Edit 15 2:38 + +Nothing happening we broke out of that descending but just more chop above 175 + +Edit 14 1:55 + +Descending channel these usually break up. Still consolidating from that last test hitting resistance @ 175 is not out of the question. + +https://preview.redd.it/013z0fkdncw61.png?width=1426&format=png&auto=webp&s=f03b3791c602593d94b553e93429563d021f4b70 + +Edit 13 1:37 + +Broke VWAP could head down to 175 again. Burned out the bull side on the 180 test. + +&#x200B; + +https://preview.redd.it/4xx0t40bkcw61.png?width=975&format=png&auto=webp&s=6426bbc8bf58d1d1d172dac85588139cea57851d + +Edit 12 1:23 + +Triple top/ weak head and shoulder. Looks like we've exhausted the attempted push of 180 I can see a dip to VWAP and consolidation before testing again. + +https://preview.redd.it/sjtgu0smhcw61.png?width=946&format=png&auto=webp&s=b390f3e4aa99a7751ce67867aaa3a4598b8866af + +Edit 11 12:56 + +The gravitational pull of 180 is strong + +Edit 10 12:42 + +Looking like a failed breakthrough but we will see if the bulls want to hold the line or not could break back to VWAP + +https://preview.redd.it/96s9slfhacw61.png?width=1086&format=png&auto=webp&s=4ae6269dc6321fccb464c4dae134270bbc0ad0a7 + +Edit 9 12:03 + +Still running towards that 180 this ascending channel looks strong but the volume is low I would expect it to spike if we hope to clear 180. I think bull side will push for 200 between now and 3pm in order to capture some of the $ from those $200 Calls + +https://preview.redd.it/bec6icqc3cw61.png?width=943&format=png&auto=webp&s=e6f26a3e1aec63fc6060701f45dfc47980c44eb7 + +Edit 8 11:30 + +Bull flag. This can run on volume but without support they usually break to the downside + +https://preview.redd.it/jz8jrldhxbw61.png?width=1202&format=png&auto=webp&s=f5d31bdebcbd9defa10b40d721ce1b8c5480a530 + +Edit 7 11:12 + +Moving up to test VWAP earlier than I expected if we get carried by volume we could even test 180 otherwise expect a rejection at VWAP and more chop + +https://preview.redd.it/odq0opddubw61.png?width=1197&format=png&auto=webp&s=4e2f75bdf9e0cad84b1ac530f1c45d1ccb9c8cd8 + +Edit 6 10:49 + +Weak bounce at 175 could take a while to retest 180 + +https://preview.redd.it/9u2hnj57qbw61.png?width=1138&format=png&auto=webp&s=686bb3900ac0089a4df51d6c9262ef80e5829598 + +Edit 5 10:39 + +Volume backed downtrend could hit as low as 169-172 + +https://preview.redd.it/8bz6dc4dobw61.png?width=1148&format=png&auto=webp&s=df2a488a8e8b2671dc6af242aa8837c9d62be0e5 + +Edit 4 10:22 + +Weak breakout volume is low but way better than yesterday sitting around 1.5MM + +https://preview.redd.it/90nbhz6clbw61.png?width=1356&format=png&auto=webp&s=2d32d6d585e8c99363b1a62753a006a3f634817f + +Edit 3 10:11 + +Small descending wedge looking to break up and test again + +https://preview.redd.it/fpmxxiofjbw61.png?width=1359&format=png&auto=webp&s=ea4a31ea192fb1638b38278da1da18fc54bd71ff + +Edit 2 9:43 + +Nice early test of 180. Looks like not enough momentum to push through but this is a region I like to be in. If we break the line will update immediately. + +https://preview.redd.it/i3f7rt0iebw61.png?width=1008&format=png&auto=webp&s=e5534302577dc6d47e8b64b99768caccbcc12a8a + +Edit 1 9:32 + +If stays steady we could see a AM test of 180, 66k on opening candle + +https://preview.redd.it/qcz9dssccbw61.png?width=1037&format=png&auto=webp&s=5d3ccc1764ca4c797fd52357c3c8a78e52287e5b + +# Pre-market Analysis + +Pre-Edit 1 8:45 + +There was a small gap down which it appears that we are in the process of filling. The volume is low but could pick up in pre-market after 9:00. + +https://preview.redd.it/qpniqwg33bw61.png?width=1467&format=png&auto=webp&s=1127e29745803d09d427f60162922efda6389c4e + +*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* +There's a lot of misunderstanding surrounding the fed's recent overnight reverse repo (RRP) binge. For example, [this post](https://www.reddit.com/r/Superstonk/comments/nb9pon/european_financial_news_is_reporting_major_margin/) with 20k+ upvotes, goes on to say: + +>In fact, in two days the Federal Reserve "lent" about 400 billion dollars to interest-free banks against collateral whose real mark-to-market seems to be implicitly priced in the crashes in progress. Translated further, **someone in the last 48 hours had to cover something.** + +&#x200B; + +Or [this post](https://www.reddit.com/r/Superstonk/comments/nbg01m/regarding_recent_rumors_about_fed_bailing_out_hfs/) with 10k+ upvotes implying that the fed has been recently giving money to hedge funds (in light of the recent news ie reverse repos). Come on apes 🦧. WE NEED TO DO OUR RESEARCH. Both of these posts got reverse repos wrong AND made it to the front page. We're a smart collective, but sometimes hype gets the best of us. Let's all do our best to be as informed as possible. + +Also, I hope I'm not coming off too harsh or seen as "bashing" on the above posts. I applaud all apes who try and do their own research! That's half the battle and the reason we've even gotten to this point. Keep researching apes. + +&#x200B; + +Apes, the fed **IS NOT** "injecting" cash into the system with RRPs. That's just not what RRPs are for. In fact, they're doing the exact opposite. RRPs are when the counterparty buys securities from the fed. RPs (repos) on the other hand, are when the fed buys up some counterparties shitty securities, thus injecting cash into the system. Here's some definitions taken from investopedia: + +* **Repo Agreement:** A repurchase agreement (repo) is a form of short-term borrowing for dealers in government securities. In the case of a repo, a dealer sells government securities to investor, usually on an overnight basis, and buys them back the following day at a slightly higher price. +* **Reverse Repo Agreement:** A reverse repurchase agreement, or "reverse repo", is the purchase of securities with the agreement to sell them at a higher price at a specific future date. + +&#x200B; + +# So... what's up with the fed and all these RRPs lately? + +[Hundreds of BILLIONS in RRPs by the FED https:\/\/fred.stlouisfed.org\/series\/RRPONTSYD](https://preview.redd.it/5vx3mdnxlzy61.png?width=1751&format=png&auto=webp&s=deb180b62e18de3b151089e5e53eb3a28b96f31c) + +Well first, we have to know what the fed uses overnight RRPs for. In short the fed uses overnight RRPs to control short term interest rates. The idea is that the lenders will never lend money at anything below the RRP "rate/award" (what the fed gives to the counterparty for buying securities from them). If I set that award at 2%, then lenders have no incentive to loan their money out at 1%, because they can always make more money by just giving cash to the fed. So the fed is effectively setting a floor on short term interest rates. + +&#x200B; + +# BUT, the RRP rate is 0%!!! + +[A lucrative $0.00 Award 💰](https://preview.redd.it/u9u1ll08mzy61.png?width=1103&format=png&auto=webp&s=12d998cdd37aaef026726f86641b9b5c2d6b79ae) + +Good. fucking. catch. Apes. Why the fuck would I give my money to the fed if I'm not getting anything back? MAYBE it's cause they need those securities (bonds) because they've shorted the fuck out of them (a la [The EVERYTHING Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) DD). In what other scenario would I part with my sweet sweet tendies for less liquid securities and NO REWARD unless I REALLY need those securities. Oh wait, isn't there an upcoming liquidity test today? + +0% combined with all this volume is the single most perplexing thing in all of this, but maybe I'm misinterpreting something here? Would love to get some more wrinkle brains in on this. If you apes have any other theories, please post them! + +&#x200B; + +TL;DR: RRPs are not for giving cash to financial institutions, but these financial institutions are desperate for these securities. Hedgies are still fucked. Shorts WILL cover. 🚀🚀🚀🚀🚀🦧🦧🦧 + +&#x200B; + +Disclaimer: I posted a slightly different version of this earlier, but am reposting for visibility because I think it's important we get our facts straight! I really believe in this sub and want to see it continue to thrive, but we need to make sure the quality of our information is there. +In my area housing prices went up 18% in just 6 months, the picture isnt really different in other parts of the western world: + +It is impossible to purchase a place to live without taking a credit, which you might not even pay back until you die + +Investing into things your bank recommends as "good" choices sometimes does not even beat current inflation + +So what other option do young people have except investing into Cryptocurrency? + +With no option to even earn enough money with classical investments, old politicians are in no position to now criticize young people for going into Crypto and actually earning something for their investment, because they helped to create this situation in the first place + +[(source on housing prices)](https://www.wiwo.de/finanzen/immobilien/hauskauf-immobilienpreise-steigen-um-bis-zu-18-prozent-jenseits-der-metropolen/27800746.html) +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. +Tired of breaking even or losing. I want to be part of the thetagang. + +&#x200B; + +[https://www.tastytrade.com/tt/learn/poor-man-covered-call](https://www.tastytrade.com/tt/learn/poor-man-covered-call) + +What is it? + +Buying a Deep ITM Leap Calls for low volitivity stocks and selling near term covered calls for it's juicy premiums. + +Checklist of how to get in and what to look for. + +* Long ITM Leaps with .80\~ delta (having .80 delta will offset the delta taken from the short calls) +* Low IV (in the case of sudden spike and possible dipping past the long call strike, IV increase will bring more value and often set lost with extrinsic value) +* Sell covered calls weeklys or biweeklys with OTM probability 70\~75%. In the case of assignment, roll your short calls over to the following week and increase strike price. + +Why use it? + +When you're too poor and want to get into those juicy juicy $10.00 - $30.00 premium tendies. Yes you can sell multiples, but sometimes you want to play with the big boys with your smaller account. + +If you feel ballsy you can always make use of this strategy with TSLA LOLL + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +Final questions + +Do you guys use it? I have about $30K to play, but "The Wheel" on stable stocks doesn't seem exciting to me. +One truly luxury differentiator experience I think is getting great seats at a sporting event. Putting special events to the side for a moment (Wimbeldon finals, Superbowl, etc), how much are people spending on “good seats”. + +For example,for a regular season football game, one can spend $30-60 for bad seats, 100-200 for good seats, and easily 500+ for real good seats (and thousands for great seats). And the difference at each level is very noticeable. What do you guys usually spend? +Hello. New profile made just to make this post— been lurking for a while now and have really learned a lot through this community: r/personalfinance. I’ve actually been doing some of the things highlighted here already— but I thought I needed a solid plan to really follow. + +25/F. LCOL. 5 years ago, had no job. Was in school for nursing and lived with my wonderful mom. +- Graduated three years ago became an RN, first job ever! +- Bought a 2014 Nissan Sentra (paid off). +- Paid off student loans, total of $13,250 (always maxed out my student loans to give the extra money to my mom). +- Bought a house 4 months ago, valued at $84,500, still owe $66,000. + +The other people in my family are not... very good with money but a very good friend of mine has helped me with financial decisions and has helped me gain some financial stability. Also, due to my family not being very good with money, I had family members borrow money from me (even as a young child), manipulated me to get money, and never paid me back (good note: those family members I have not dealt with anymore). + +Due to all that I became very, very stingy and grew up feeling like I couldn’t spend a single cent for myself and would have to give the money up to some uncle or aunt or whoever else needed help. I am doing better now though and have been able to invest in both my future and myself. + +So I would really like to continue this journey and commit to creating a better financial future for myself, my family, and my own future family (whether it be an actual partner and our child, an adopted child, or fur babies). + +On to the details! And excuse me if I use certain terms or phrases incorrectly! Still new to to FIRE world and also, English is not my first language! I would greatly appreciate any corrections too! + +ASSETS: +- $84,500 house +- 2014 Nissan Sentra w/ 58,000 miles- valued at $5-6,000 on the blue book. +- $30,000 in savings (10,000 is my Emergency Fund). +- 20,000 in my 401K. + +I have also just recently put my notice in and am woking on getting a job that will pay more. So I will have more money to invest. + +MONTHLY EXPENSES: +- $530 - MORTGAGE +Question: would it be better to pay that amount or to increase and pay $600 monthly? +- $70- COMCAST (it was a promo). +- $150- UTILITIES (a modest calculation, just got the home learning NEST thermostat, hoping it will help with the bill!) +- $103 - CAR INSURANCE (new and cheaper than old one.) +- $74- LIFE INSURANCE (new, not with work, will pay out 500,000 at death or age of 100, whichever comes first). +- $50- COUNSELING (something that I have gotten into to help with stress from work and family. Cannot let myself stop this because it has helped me a lot, and I highly recommend it to anyone.) +- $150- GROCERIES (mostly rice, beans, meat, and some snacks. Health, I think is a good investment because hospital bills are ridiculous, saying that as both a nurse and a patient.) +- $100 - TRANSPORTATION (mostly gas, what else should I include?) +- $80 - MARTIAL ARTS/WORKOUT CLASSES +- $100 - DONATIONS + + +TOTAL: $1,407 + + +Okay. So, details in. Right now I make an average of $3,200 monthly WITH overtime. Working hard to the point that I get sick and exhausted. July is my last month. I am planning on becoming a traveling nurse and expect to make at least $1,200 weekly, total of $4,800 monthly. This job change should increase my expense only with Hotel night stays at decent hotels, either 3-4 nights and more gas usage. I hope my post isn’t all over the place! + +So my questions are: +1. Should I roll over my 401K to a ROTH IRA? + +2. The company I will be working with during traveling has a 401K, but I won’t be able to sign up until after 6 months, and then I am 100% vested right away. They do 100% match up to 3% and 50% match for 4%! +— Does 100% vested right away mean that I IMMEDIATELY get whatever they match? +— And how much of my paycheck should I put in? The 3% or 4%? The place I currently work at matches 25% of the 6%, and I have been putting in 10%. + +3. Many people have suggested Fidelity or Vanguard or Schwab for investments? Unfortunately, I have a hard time understanding some of the risks. Is this a once a year contribution and just let it grow? + +4. Should I get an HSA? Or is there another alternative? I currently have health insurance with the place I work at, and I am planning on switching to Anthem, the one that is provided by the company taking care of my home, auto, and life insurance. +— if I get health insurance from them too, do you think I can haggle cheaper prices in all as well? + +5. Would it be better to buy new furniture with full payment for the new house or to do payment plans? + +6. How do I calculate how much money I need for retirement? + +And... I think that is all I have for now! Thank you all so much for your help! Any suggestions/recommendations are very much appreciated! + +ADDED QUESTION: + +- I currently have two credit cards. One in a local credit union and one with Wells Fargo. Would it be a good idea to get another one? Or not? + +Thank you! + +EDIT: + +WOW! I did not expect to get as much attention as it did! I am amazed and grateful! The Reddit community is wonderful!!! + +Also: + +To answer some of the most asked questions: + +1. I live in one of the smaller cities in Virginia. LCOL. Done pretty well so far. + +2. The house I bought is a 3 bedroom house with 1 full and one half bathroom. Nice, hardwood floors. Spacious. With a big basement, half-finished. It’s a good amount of space for one person! + +3. Yes, I like to donate and volunteer as much as I can. I try to put as much good energy into the world because hey, life’s hard enough. Also, to counter the sarcastic comments I have a tendency to dish out in my head. + +4. One of the best perks of being an RN is being able to find a job anywhere, anytime. I have actually already had two solid offers that I had to turn down because I want to finish my last few weeks and not just go AWOL. + +5. I make, on average, $3,200 monthly. This is while working nightshift and with overtime. Unfortunately nurse money, isn’t really big bucks money unless you travel— most times! + +6. My specialty is ICU! I’m an intensive care bear. + +- Yes! I do make... a low amount. Base pay of $23 plus shift differential of $4, $1 weekend differential. $2 charge nurse differential! With overtime— I make about $3,200 to $3,800 monthly... + +7. The life insurance is for my mother in case something happens to me. So she can pay her mortgage, my mortgage, buy the land she wants to retire in. Etc. she has been my rock and my biggest fan. So if I do die, I’d like to leave her with enough to sustain her needs and wants. + +Also, I didn’t think I needed life insurance until I— 1. Got into a car accident. 2. Had an anaphylactic reaction one time while I was at work that required me to go to the Emergency Room. Embarrassing. And terrifying. + +Thank you all once again! + +— Oh, I also have 3 plants named Wilde, Twain, and Poe (who says I shouldn’t get any more plants, nevermore. But I am not listening to him.) and... + +- a BIG, FAT gray cat that comes to my porch and watches me all the time. Completely unfazed. Lays around in the sun and squints at me. It is not my cat, but I do believe I am one of its hyumans. + +My friend says I should name him Hobo. What do you guys think I should name him? + +(You can go to my profile to see a video of the cat.) + + +— I HAVE READ ALL THE COMMENTS AND HAVE TRIED TO RESPOND TO AS MANY AS I CAN! Thank you all so much! I am so grateful! — +Guten Tag to this global band of Apes! 👋🦍 + +Inflation continues to rear its transitory head, completely skipping 6.9% and going straight to 7.0%... how inconsiderate. I don't believe that anyone expected less than that, it is still difficult to see the *gently massaged* numbers that show just how much less your money will be worth next year. However, Apes seem to be immune to worries about the buying power of future tendies - what matters today is what we can buy and DRS before the MOASS. + +Speaking of which, I continue to be impressed by the rate that Apes are DRSing shares. It doesn't seem like that long ago that we were passing 1m shares registered with the bot, and now I see that we've collectively passed 1.5m shares. I'm not sure if it's to try to maximize the numbers before the end of the quarter, in the hopes that GameStop continues to include the DRS count in the quarterly reports, or if it's due to the astonishing level of FUD and manipulation that is being directed at us. Whatever the reason, I am thrilled by the momentum that we've generated. The victims of Kenneth Griffin's crimes may not disturb his sleep, but you can be certain that his slumber is haunted by spectres in the form of purple circles. + +Today is Thursday, January 13th, 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: **$126.70 / 111,44 €** *(volume: 677)* +- 🟥 115 minutes in: $126.56 / 111,31 € *(volume: 663)* +- 🟥 110 minutes in: $126.66 / 111,40 € *(volume: 649)* +- 🟩 105 minutes in: $126.68 / 111,41 € *(volume: 649)* +- 🟥 100 minutes in: $126.65 / 111,39 € *(volume: 643)* +- 🟩 95 minutes in: $126.79 / 111,51 € *(volume: 633)* +- 🟩 90 minutes in: $126.73 / 111,46 € *(volume: 625)* +- 🟩 85 minutes in: $126.72 / 111,45 € *(volume: 621)* +- 🟥 80 minutes in: $126.70 / 111,44 € *(volume: 581)* +- 🟩 75 minutes in: $126.73 / 111,46 € *(volume: 580)* +- 🟩 70 minutes in: $126.68 / 111,41 € *(volume: 574)* +- 🟩 65 minutes in: $126.63 / 111,38 € *(volume: 447)* +- 🟩 60 minutes in: $126.48 / 111,24 € *(volume: 336)* +- 🟥 55 minutes in: $126.46 / 111,22 € *(volume: 323)* +- ⬜ 50 minutes in: $126.48 / 111,24 € *(volume: 321)* +- 🟥 45 minutes in: $126.48 / 111,24 € *(volume: 319)* +- 🟥 40 minutes in: $126.53 / 111,29 € *(volume: 315)* +- 🟥 35 minutes in: $126.55 / 111,30 € *(volume: 305)* +- ⬜ 30 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 25 minutes in: $126.58 / 111,32 € *(volume: 294)* +- 🟥 20 minutes in: $126.62 / 111,36 € *(volume: 278)* +- 🟥 15 minutes in: $126.63 / 111,38 € *(volume: 254)* +- 🟩 10 minutes in: $126.66 / 111,40 € *(volume: 254)* +- 🟥 5 minutes in: $126.62 / 111,36 € *(volume: 250)* +- 🟥 0 minutes in: $126.72 / 111,45 € *(volume: 120)* +- 🟥 US close price: $128.06 / 112,63 € *($127.99 / 112,57 € 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 1.137. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I (26F)had my 7k loan since 2019 and am excited to say I've paid it off a bit early. It's going to make my life a lot easier ! I'm thinking of doing something to celebrate but I haven't decided, any ideas? +All the times I lost money, my biggest losses was me being to greedy or revenge trading. I thought I can get "ahead" of the indicators I built, little did I know that the algorithm built already put that into consideration. And I know this, I BUILT IT, but I always seem to forget when it matters the most. The losses from the strategy itself was only less than 20%, >80% of my losses came from me not following my strategy, what would've been a 1300% return turned into only a 200% return over 3 years because of it. + +During the Evergrande crisis I for no reason added to my spy calls thinking that I can get ahead of my indicator, it was not the first time I did this, I think it was the 2nd. Unfortunately my greed cause me to lose the entire premium, had I waited 1 more week for the indicators to confirm it would've returned the 40% as expected. Instead I just broke even for 5 months of trading. + +I always read stories on how a person should always follow the rules of trading, but the truth is a person will never truly know until they experience the pain themselves. I made nearly all the mistakes, sizing up too much, panic selling, panic buying, taking profits too early, taking them too late, trading without backtesting etc... However with each mistake I make that is 1 less mistake I make in the future. I'm grateful I got into trading early with a relatively small account. It is better to pay 100 dollars now then to pay 10000 dollars down the road for the same mistake. This was the only mistake I made twice and hopefully the last. +I am completing an academic research paper on a Deep Learning application to the financial markets. Specifically, I am attempting to train an LSTM RNN to make meaningful predictions of stock prices. + +The current state I am at is that I have built a complex LSTM which trains on several years of the daily market data of ~2000 companies from [the Quandl Wiki Prices dataset](https://www.quandl.com/databases/WIKIP). The model takes in sequences of 25 days of data, and attempts to predict the closing price of the next day. The features I use from the dataset are the (adjusted) open, high, low, volume, etc. as well as features I have constructed from this dataset such as moving averages and day-to-day percentage changes of the closing price. + +I'm sure all of you know far better than me that learning trends of past prices alone in order to make future predictions is impossible. As a result, I am now looking to construct new features, or find attitional datasets to feed into my model alongside the current daily prices. Hopefully, these new features will somehow be representative of information external to the market which influence the trend and volatility of the prices. + +As an example, the first idea I had was to use sentiment analysis on daily NY Times articles which are relevant to certain companies. This sentiment score would then be fed into the network alongside the company's prices for that day, in order to hopefully better predict the price change the following day. Of course, this information relevant to a company would almost be guaranteed to be known to the stock market before it is published in the NY Times in the morning. In other words, the sentiment score I deduce from an article would probably already have effected the price the previous day. + +With my lack of knowledge/experience in the financial markets, I am asking for some guidance as to what additional data/features I can explore to train my model on? All suggestions are welcome. +Is it worth paying extra towards the principal amount to reduce how long it takes to fully pay off the house if we plan to move before the house is fully paid off? It's a conventional 30-year loan at 2.75% interest. I do not foresee us staying the full 30 years in the home so it does not make sense to me to increase my equity in a home that I will sell before the mortgage is fully paid. Does it make sense instead to put that money towards investments that would get higher returns? + +&#x200B; + +EDIT: Thank you everyone who responded. Some info I should have added. No PMI. Projected timeline is 7-15 years (likely 10 years) in the home. Making contribution to tax-sheltered retirement vehicles but unable max out with current budget. +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +EDIT 2: People are claiming volume throughout the day shrunk to 1.7M which would contradict this theory, if true. This theory seems less plausible now... ☎️ on the menu tonight?!? + +Okay, so the volume discrepancy mystery is officially solved. If you read the CTA alerts, which you can find here: [https://www.ctaplan.com/alerts#110000353886](https://www.ctaplan.com/alerts#110000353886) + +It says: + +In connection with the restart of CTS/CQS from 11:32 A.M., **CTS Open/Hi/Low/Non-Listing Market Last Sale and Volume data may not include transactions that occurred prior to the restart**. Listing Market and Consolidated Last Sale information is expected to be accurate. CTS/CQS will notify of corrected data sets when available. + +Now I didn't count all the candles, but I did look in the daily discussion and apparently someone mentioned volume was 750K just over an hour after open. Between then and 11:32 yahoo's minute candles seemed to average about 5k, and elapsed time was roughly 50 minutes. 5k\*50 = 250k. So when summed up with that one comment on the daily discussion, there'd have been about 1M in daily volume up until the halt. If someone is eager, feel free to count the candles and confirm. + +So now the real question is why did CTS require a restart. I go and encourage you to look at how frequent these alerts are sent out. Spoilers it's about once/twice a year, but usually benign, unlike today. Very suspicious... + +PS Credit to [u/aph0r1zm](https://www.reddit.com/user/aph0r1zm/) for discovering it was a CTA alert. + +Edit: I forgot a TADR ...💎✋🚀🚀🚀🚀🚀 +Aloha everyone - I'm seriously considering buying a lake house. I have a beach property - but, it's FAAAAR away - so, been thinking of getting closer. I've thought about another beach property (Atlantic Ocean) - but, with so many floods, storms, etc. Not sure if that is wise. So, been looking at large lakes around me. + +There are a decent number within 1.5 hour driving distance. I want to be able to go for long weekends or just go for a week and WFH. I don't own a boat - and have no idea how to operate one. The idea of a nice 20-24' pontoon though is appealing - just to go out, maybe fish a bit, and just be on the water. I'd primarily be interested in SUP and kayaking around. Most of the places are still on septic, above ground oil tanks, and well water. I am looking for one that has been thoroughly modernized -- radiant floors, 200 amp electrical, etc. + +What are some of the things in hindsight you would look out for? How do you monitor or keep tabs on your place (just cameras)? Did you end up going as much as you thought? Did you overspend? Underspend? Any regrets? I don't want a large place to take care of - so, thinking maybe a 3/2 is a perfect size. I am also debating about whether it is better to be 'on' the water or maybe 1-2 houses back from the water with deeded dock. It still would have a lake view from the MBR - but, not from all windows. + +OR, I could simply get something at the shore - public sewer, public water, etc. About a 2.5-3 hour drive though (assuming traffic - without would be about 2 hours) and would definitely need flood insurance. Those that considered both - what swayed you? Price I would spend at each is similar and result in dock, on the water, etc. +Aloha everyone - I'm seriously considering buying a lake house. I have a beach property - but, it's FAAAAR away - so, been thinking of getting closer. I've thought about another beach property (Atlantic Ocean) - but, with so many floods, storms, etc. Not sure if that is wise. So, been looking at large lakes around me. + +There are a decent number within 1.5 hour driving distance. I want to be able to go for long weekends or just go for a week and WFH. I don't own a boat - and have no idea how to operate one. The idea of a nice 20-24' pontoon though is appealing - just to go out, maybe fish a bit, and just be on the water. I'd primarily be interested in SUP and kayaking around. Most of the places are still on septic, above ground oil tanks, and well water. I am looking for one that has been thoroughly modernized -- radiant floors, 200 amp electrical, etc. + +What are some of the things in hindsight you would look out for? How do you monitor or keep tabs on your place (just cameras)? Did you end up going as much as you thought? Did you overspend? Underspend? Any regrets? I don't want a large place to take care of - so, thinking maybe a 3/2 is a perfect size. I am also debating about whether it is better to be 'on' the water or maybe 1-2 houses back from the water with deeded dock. It still would have a lake view from the MBR - but, not from all windows. + +OR, I could simply get something at the shore - public sewer, public water, etc. About a 2.5-3 hour drive though (assuming traffic - without would be about 2 hours) and would definitely need flood insurance. Those that considered both - what swayed you? Price I would spend at each is similar and result in dock, on the water, etc. +My fiancee and I want to start outsourcing some of our household duties to free up our very limited schedule. Things like cooking and meal prep (personal chef), cleaning and laundry (housekeeper or maid service), and schedule coordination and errand running (personal assistant) are things we'd love to have someone else do as a part-time gig. + +Who here has done this, gone out and "outsourced" part of your daily life? What do you outsource? How did you find your "employee"? How do you like it? What are the pros and cons of such an arrangement? + +Any thoughts or guidance from those who have done something similar would be immensely appreciated. + +&#x200B; +Am I the only one who thinks there's too many coincidences happening right in front of our faces so quickly? First, an old video surfaces from a Hedge fund manager talking about how the first sneeze was caused by options which spurs all sorts of posts about option plays and crashes Reddit two nights ago. Secondly, AH yesterday and Premarket today is up 20%+ on a speculation piece with no actual references from GS announcing the NFT marketplace, and lastly, the sub that started this all is wall to wall posts about GME and option plays all of a sudden? As much as I want to believe that our journey is finally coming to an end, I can only think back to how many times we thought "This is it" and been deeply disappointed by the outcome. + +I don't have an opinion on options I am a smooth brain who only Buys, DSR, and HODL. Do what you will with your money. I just think there are too many moving pieces that are lining up so quickly and its either a red herring to blame reddit for the increase in price or they're going to crash the price and try to take the momentum out of our sails. Then again, it could trade sideways. +**Use this** [**r/place template link**](https://halfdane.github.io/rplace/) **so we can work as efficiently as possible**: [https://halfdane.github.io/rplace/](https://halfdane.github.io/rplace/) + +&#x200B; + +https://preview.redd.it/4ridremebcr81.png?width=709&format=png&auto=webp&s=b1d058c948c42ea0ce28ee3b8c6f09b0a955ba56 + +# How to use the Github program + +T[he site](https://halfdane.github.io/rplace/) will show you coordinates, and you can place the tile based on the coordinates here. + +When you hover over a pixel, it gives you the x and y axis - IF YOU CLICK THE TILE, IT WILL BRING YOU TO THE CORRECT TILE!!!! + +Then pick the correct color and place it :) + +&#x200B; + +[ when you click on the tile in Github it will bring you to the same tile on r\/place ](https://preview.redd.it/sg36eyg5a8r81.png?width=277&format=png&auto=webp&s=697b13e4db82d917507bc59a3200eda49cfc7d55) + +&#x200B; + +[ Click on \\"place a tile\\", choose the correct color and confirm. Rinse an repeat every 5 minutes ](https://preview.redd.it/02efiy1ba8r81.png?width=191&format=png&auto=webp&s=ed50b9af5e602684fadca337b581bb1284269009) + +If you're on desktop, shoutout to u/[DeadDevotion](https://www.reddit.com/user/DeadDevotion/) for [this awesome walkthrough on how to install and use our Place overlay!](https://www.reddit.com/r/Superstonk/comments/tuiahg/easy_visual_guide_on_how_to_install_and_use_our/?utm_medium=android_app&utm_source=share) + +# To anyone helping to place pixels, a HUGE THANK YOU!!! You've been doing an amazing job! 💜 Let's keep this thing going! It ends on April 4 + +# Let's talk about alliances! + +This works better when you make alliances with other teams. + +Why? + +Other groups will attack and it’s good to have people on our side to defend our design, and we can do the same for our allies. + +Allies will not attack. Allies make other allies and suddenly even more people have our backs. If you see one of our allies getting rekt, help them out!!! + +We made design changes to incorporate allies and remove things we are wasting time and pixels on. + +For example, OSU - what is OSU? A super popular rhythm game.. they are gamers coordinating on discord and twitch. They are the perfect allies, they are strong in numbers, dedicated, and they are not expansionists. All they want is their circle. + +We are fighting an unnecessary battle, wasting time and pixels, by trying to take over the top left corner (coordinated gamers UNITE!), so we incorporated their outer circle into our new design. + +We made an alliance with Germany, they will not creep into our area, and we added a small heart to our left border to represent our united front. They are working on a portal OUTSIDE our border, so LEAVE it alone! That will protect us on the left side even more. + +The sweet birb from r/PictureGame keeps getting its one pixel beak chopped off, so we’re going to add that to the right border. They messaged us that they will defend our right border. + +On day 1 we tried to make an alliance with r/placetrees, they are a group placing trees to spread awareness about our climate crisis, and yesterday we redesigned our piece to free up that bottom space. Since we were already building too far to the right anyways, we were just going to add the logos to the right. + +Well, nobody followed the post and the trees got wiped out (by our NFT logos, yikes), so we kept the space to the right and redesigned our piece again, this time including a couple of trees. + +A lot of people think NFTs are bad for the environment, VERY FEW people know about Layer 2 technology and how that is gas-free and carbon neutral. + +We have the same goal, we’re fighting the same battle, may as well do it together! + +We have also agreed to leave Star Wars alone (obviously), Scotland, Portugal, and blue corner. + +The other thing updated to stop wasting our time and pixels, was remove [NFT.Gamestop.com](https://NFT.Gamestop.com) and instead make our **Gamestop** logo bigger. We fought the good Gamestop.cum fight😅 but pixels were just being wasted on that all day long. + +We made more space in between BUY HOLD DRS. + +We added a pirate flag🏴‍☠️We added RC. + +ETH team added rainbow and design connecting Loopring and IMX logos. + +&#x200B; + +&#x200B; + +# [GO HERE](https://discord.com/invite/hgJmtEeJ) -- JOIN THE DISCORD TO COORDINATE BETTER!! +Hello, anyone here have any experience buying trailer parks? I see a lot of the private equity companies have moved into the space over the last 10 years in a big way and I think its a place to get outsized returns, I also can see it being a big headache to manage. I noticed this place on Loopnet and the returns seem much higher than you can get in traditional multi family real estate. + +&#x200B; + + [https://www.loopnet.com/Listing/3180-N-Adrian-Hwy-Adrian-MI/7237662/](https://www.loopnet.com/Listing/3180-N-Adrian-Hwy-Adrian-MI/7237662/) + +&#x200B; + +Whats the big catch? Thanks, love this sub and the knowledge I have gained here. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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That and the fact that it's a demanding and challenging discipline (not saying Law or Finance isn't, but come on...) + +Graduate salaries typically 27k GBP. MSc engineer with 5 years of experience typically 35k. Ten years of experience: 40k... Meanwhile law and finance graduates in London are making 40k out of uni and 80k+ with some experience. + +Considering that obtaining an MSc takes 5 years in the first place and costs a fortune, it doesn't make financial sense to pursue a career in engineering. It's much more rational to start any job one can take at 18 and climb up the ladder. 15 years of work experience, making the right moves, can get you easily to 40k. + +Applying supply/demand theory: there seems to be too much bloody supply of engineers! But I don't really see this as I am constantly approached by recruiters on LinkedIn and vacant positions within my organisation take ages to get covered with the hiring managers complaining about how hard it is to find candidates... How come this doesn't drive wages up considering we are in a global market and young engineers are willing to move to the USA or Germany where they are paid much more than here...? +I am married with a wife who is on board with the FI mentality. She is aware of our savings goals and what we have as far as retirement accounts, but she is very hands-off. + +I manage her work sponsored retirement plan as well as our Roths, mortgage, etc. She knows these things exist but does not take an active interest in any of it. + +Instead of randomly talking to her about it, I have decided that I am going to do a year end presentation for her of our financial status (retirement growth, mortgage, etc.) so that she gets a snapshot of where we are once every year. I got the idea from someone mentioning it on this sub. + +Question for my fellow FIers: Do any of you do this already? What exactly do you put on there? Anyone have a template that really dumbs it down to what someone who isn't into all the nitty gritty would be excited to see? + +Edit: Thanks for all the responses. I just want to say that she does know all the information in case of my death, we have a hardcopy on a safe with all the account infos, and we are each listed as the beneficiary on everything. We also make all major financial decisions and budgeting as a team through our joint checking account. Mainly what I manage is, what our funds are invested in, trying to optimize budget items so we can increase savings rate, things like that. + +I think after hearing all the responses I will just keep it simple and tell her maybe every 3 months that + +* Our total NW is $x +* If we stay the course we can retire in x years + + +Here is mine. +Ticker :SPY +1. Buy when RSI hits below 30% line. +2. If it continues to fall add one more position. +3. Sell half at RSI crosses 50% +4. Sell all once RSI above 70% && candle still patterns shows reversal pattern. +Success rate is 65-70% +I transferred my shares and got a fixed $190.1 for all my shares , but I never purchased shares at the amount anywhere this year of that cost basis. I'm guessing that my shares were purchased on the way to CS? + +&#x200B; + +can anyone else check their standing cost basis between broker and CS? verify this data pls. + +&#x200B; + +edit1: that pricing i got was first available on 9/20 Monday, we're seeing that those people moving out a broker getting a CS account opened this week more than likely had purchases of their stock made this week (hence cost basis) to complete the transfer. we all had IOUs all along. CS just made them real, like this situation with the SHFs. HEDGIES R FUKD indeed +Hi Reddit. I had my first real job in 2014, OH; transplant from another state. I lived there for a couple years - great paying job for a kid fresh out of college. I did my own taxes (went to college for business school, graduate studies) using HR Block online tools. I used it for 3 years, no issues. In 2015 I got a letter from AG Office stating I was under audit for 2014 and 2015 years concerning my taxes. I thought I was fine - I didn't do anything wrong. I am single, I live alone, head of house, and pay everything up front. For 2015 AG Office said I owed about $1000 in back taxes and 2014 three times as much. + +Why? +No one gave me an answer for 2 years. I called back and forth from the AG Office and the Tax Office. I tried writing letters online, in the mail, sending in my w2s, my entire tax documents. Nothing. Finally this year the AG Office said they would put a lien against me if I did not pay. Why? I still don't know what the issue is. Someone finally started to answer me. HR Block rep replied with this line: + +With your 2014 W-2 you have two different lines entered in on box 15 for the state. If you look at the W-2 you’ll see boxes 15 – 20 filled out with the box 17 state income tax withholding amount of $2038.33 was entered in. what happened was on the second line, you only have box 18, 19 and 20 filled out but we showed that the second line boxes 15-20 were also filled out instead of just 18-20. Therefore the state income tax withholding was entered in twice. Therefore the program calculated based on the entries made. The amount the state is asking for you to pay back is correct. + +If you are confused so was I as I replied back: + +I'm sorry, I do not understand what is being viewed for these calculations - my 2014 W2, boxes 15-20? +I understand boxes 18 - 20 I paid to the state and town; but I don't understand where any numbers would exist for box 15 or 20? They're names? + +And my second question, was I not supposed to list the taxes I paid (separately) to the state versus the town--ie, the second line--which resulted in the incorrect calculation? + +Box 15 is labeled "STATE", "EMPLOYERS STATE ID NUMBER" +Box 16 "STATE WAGES, TIPS" +Box 17 "STATE INCOME TAX +Box 18 "LOCAL WAGES" +Box 19 "LOCAL INCOME TAX" +Box 20 "LOCALITY NAME" + +I am very grateful for all your assistance; you have been a huge help, and I appreciate all your work. + +So please reddit help me understand! 1) what is HR Block saying, 2) who is at fault me or HR Block, and 3) should the state be paid taxes or is this a big mistake? + +here is a list of their guarntees +https://www.hrblock.com/popups/accurate_calculations_guarantee_online.html + + +Thank you for trying reddit! +Guten Morgen to this global band of Apes! 👋🦍 + +There is no better time than now to HODL GME. + +There has been an extraordinary amount of FUD recently. +Much if it remains similar to what we've endured over the past year and a half. +However, much of the new FUD seems like an effort to split this community. +The intent seems to be to leverage the goodwill that RC has earned from his active leadership of GameStop to get Apes to focus on another company he is trying to revive. +While I wish Ryan Cohen all the best in his efforts with BBBY, there is a very large difference between these companies, and to change focus at this time seems like madness. +Let me tell you some of the reasons that I proudly HODL GME. + +First, GameStop is in a great position to succeed well into the future. +The leadership team is actively building a digital future for the company, while shoring up the existing retail business. +Within the next few weeks, we expect the launch of the NFT marketplace, which leverages some incredible partnerships to be well positioned right from launch day. +GameStop has enormous cash reserves available to continue to invest in the growth of the business through the times ahead, though entertainment traditionally is very recession-resistant. +When combined with an incredibly loyal set of customers and investors, GameStop has all it needs to thrive. + +All of that, and not a single mention of shorts. +My biggest concern with all of the BBBY FUD is that the main 'value' to a BBBY investment seems to be the potential for a short squeeze. +We have all seen how challenging it can be for a short squeeze to manifest, given how unwilling the regulators are to regulate the markets. +The company faces some very serious challenges, especially in the face of a recession. +While I greatly hope that Ryan Cohen is successful in his activism surrounding that company, it seems like a wildly different scenario than with GameStop. +The efforts to steer Apes toward those investments are highly suspicious, and reek of predatory shorting. + +Today is Wednesday, July 6th, 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: **$121.34 / 117,92 €** *(volume: 256)* +- 🟩 115 minutes in: $120.69 / 117,29 € *(volume: 256)* +- 🟥 110 minutes in: $120.68 / 117,28 € *(volume: 246)* +- 🟩 105 minutes in: $120.77 / 117,37 € *(volume: 244)* +- 🟩 100 minutes in: $120.74 / 117,34 € *(volume: 244)* +- 🟩 95 minutes in: $120.73 / 117,32 € *(volume: 242)* +- 🟩 90 minutes in: $120.65 / 117,25 € *(volume: 222)* +- 🟩 85 minutes in: $120.58 / 117,19 € *(volume: 167)* +- 🟩 80 minutes in: $120.49 / 117,09 € *(volume: 165)* +- 🟥 75 minutes in: $120.38 / 116,98 € *(volume: 150)* +- 🟥 70 minutes in: $120.44 / 117,05 € *(volume: 150)* +- 🟩 65 minutes in: $120.58 / 117,18 € *(volume: 150)* +- 🟩 60 minutes in: $120.24 / 116,85 € *(volume: 132)* +- ⬜ 55 minutes in: $120.04 / 116,66 € *(volume: 124)* +- 🟥 50 minutes in: $120.04 / 116,66 € *(volume: 95)* +- 🟩 45 minutes in: $120.13 / 116,74 € *(volume: 94)* +- 🟥 40 minutes in: $119.98 / 116,60 € *(volume: 94)* +- 🟥 35 minutes in: $119.99 / 116,60 € *(volume: 72)* +- 🟩 30 minutes in: $120.00 / 116,62 € *(volume: 55)* +- 🟩 25 minutes in: $119.99 / 116,61 € *(volume: 55)* +- 🟥 20 minutes in: $119.97 / 116,59 € *(volume: 53)* +- 🟥 15 minutes in: $120.01 / 116,62 € *(volume: 53)* +- 🟩 10 minutes in: $120.02 / 116,63 € *(volume: 33)* +- 🟥 5 minutes in: $120.01 / 116,62 € *(volume: 31)* +- 🟥 0 minutes in: $120.08 / 116,70 € *(volume: 31)* +- 🟥 US close price: $120.23 / 116,84 € *($120.10 / 116,72 € 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 1.029. 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! +How many people really understand what they’re buying, especially when it comes to highly specialized hardware companies? Most NVidia investors seem to be relying on a vague idea of how the company should thrive “in the future”, as their GPUs are ostensibly used for Artificial Intelligence, Cloud, holograms, etc. Having been shocked by how this company is represented in the media, I decided to lay out how this business works, doing my part to fight for reality. With what’s been going on in markets, I don’t like my chances but here goes: + +Let’s start with… + +**How does NVDA make money?** + +NVDA is in the business of semiconductor design. As a simplified image in your head, you can imagine this as designing very detailed and elaborate posters. Their engineers create circuit patterns for printing onto semiconductor wafers. NVDA then pays a semiconductor foundry (the printer – generally TSMC) to create chips with those patterns on them. + +Simply put, NVDA’s profits represent the difference between the price at which they can sell those chips, less the cost of printing, and less the cost of paying their engineers to design them. + +Notably, after the foundry prints the chips, NVDA also has to pay (I say pay, but really it is more like “sell at a discount to”) their “add-in board” (AIB) partners to stick the chips onto printed circuit boards (what you might imagine as green things with a bunch of capacitors on them). That leads to the final form in which buyers experience the GPU. + +**What is a GPU?** + +NVDA designs chips called GPUs (Graphical Processing Units). Initially, GPUs were used for the rapid processing and creation of images, but their use cases have expanded over time. You may be familiar with the CPU (Central Processing Unit). CPUs sit at the core of a computer system, doing most of the calculation, taking orders from the operating system (e.g. Windows, Linux), etc. AMD and Intel make CPUs. GPUs assist the CPU with certain tasks. You can think of the CPU as having a few giant very powerful engines. The GPU has a lot of small much less powerful engines. Sometimes you have to do a lot of really simple tasks that don’t require powerful engines to complete. Here, the act of engaging the powerful engines is a waste of time, as you end up spending most of your time revving them up and revving them down. In that scenario, it helps the CPU to hand that task over to the GPU in order to “accelerate” the completion of the task. The GPU only revs up a small engine for each task, and is able to rev up all the small engines simultaneously to knock out a large number of these simple tasks at the same time. Remember the GPU has lots of engines. The GPU also has an edge in interfacing a lot with memory but let’s not get too technical. + +**Who uses NVDA’s GPUs?** + +There are two main broad end markets for NVDA’s GPUs – Gaming and Professional. Let’s dig into each one: + +**The Gaming Market:** + +A Bit of Ancient History (**Skip if impatient**) + +GPUs were first heavily used for gaming in arcades. They then made their way to consoles, and finally PCs. NVDA started out in the PC phase of GPU gaming usage. They weren’t the first company in the space, but they made several good moves that ultimately led to a very strong market position. Firstly, they focused on selling into OEMs – guys like the equivalent of today’s DELL/HP/Lenovo – , which allowed a small company to get access to a big market without having to create a lot of relationships. Secondly, they focused on the design aspect of the GPU, and relied on their Asian supply chain to print the chip, to package the chip and to install in on a printed circuit board – the Asian supply chain ended up being the best in semis. But the insight that really let NVDA dominate was noticing that some GPU manufacturers were focusing on keeping hardware-accelerated Transform and Lighting as a Professional GPU feature. As a start-up, with no professional GPU business to disrupt, NVidia decided their best ticket into the big leagues was blowing up the market by including this professional grade feature into their gaming product. It worked – and this was a real masterstroke – the visual and performance improvements were extraordinary. 3DFX, the initial leader in PC gaming GPUs, was vanquished, and importantly it happened when funding markets shut down with the tech bubble bursting and after 3DFX made some large ill-advised acquisitions. Consequently 3DFX, went from hero to zero, and NVDA bought them for a pittance out of bankruptcy, acquiring the best IP portfolio in the industry. + +**Some more Modern History** + +This is what NVDA’s pure gaming card revenue looks like over time – NVDA only really broke these out in 2005 (note by pure, this means ex-Tegra revenues): + +📷 [https://hyperinflation2020.tumblr.com/private/618394577731223552/tumblr\_Ikb8g9Cu9sxh2ERno](https://hyperinflation2020.tumblr.com/private/618394577731223552/tumblr_Ikb8g9Cu9sxh2ERno) + +So what is the history here? Well, back in the late 90s when GPUs were first invented, they were **required** to play any 3D game. As discussed in the early history above, NVDA landed a hit product to start with early and got a strong burst of growth: revenues of 160M in 1998 went to 1900M in 2002. But then NVDA ran into strong competition from ATI (later purchased and currently owned by AMD). While NVDA’s sales struggled to stay flat from 2002 to 2004, ATI’s doubled from 1Bn to 2Bn. NVDA’s next major win came in 2006, with the 8000 series. ATI was late with a competing product, and NVDA’s sales skyrocketed – as can be seen in the graph above. With ATI being acquired by AMD they were unfocused for some time, and NVDA was able to keep their lead for an extended period. Sales slowed in 2008/2009 but that was due to the GFC – people don’t buy expensive GPU hardware in recessions. + +And then we got to 2010 and the tide changed. Growth in desktop PCs ended. Here is a chart from Statista: + +📷[https://hyperinflation2020.tumblr.com/private/618394674172919808/tumblr\_OgCnNwTyqhMhAE9r9](https://hyperinflation2020.tumblr.com/private/618394674172919808/tumblr_OgCnNwTyqhMhAE9r9) + +This resulted in two negative secular trends for Nvidia. Firstly, with the decline in popularity of desktop PCs, growth in gaming GPUs faded as well (below is a chart from Jon Peddie). Note that NVDA sells discrete GPUs, aka DT (Desktop) Discrete. Integrated GPUs are mainly made by Intel (these sit on the motherboard or with the CPU). + +📷 [https://hyperinflation2020.tumblr.com/private/618394688079200256/tumblr\_rTtKwOlHPIVUj8e7h](https://hyperinflation2020.tumblr.com/private/618394688079200256/tumblr_rTtKwOlHPIVUj8e7h) + +You can see from the chart above that discrete desktop GPU sales are fading faster than integrated GPU sales. This is the other secular trend hurting NVDA’s gaming business. Integrated GPUs are getting better and better, taking over a wider range of tasks that were previously the domain of the discrete GPU. Surprisingly, the most popular eSports game of recent times – Fortnite – only requires Intel HD 4000 graphics – an Integrated GPU from 2012! + +So at this point you might go back to NVDA’s gaming sales, and ask the question: What happened in 2015? How is NVDA overcoming these secular trends? + +The answer consists of a few parts.Firstly, AMD dropped the ball in 2015. As you can see in this chart, sourced from 3DCenter, AMD market share was halved in 2015, due to a particularly poor product line-up: + +📷 [https://hyperinflation2020.tumblr.com/private/618394753459994624/tumblr\_J7vRw9y0QxMlfm6Xd](https://hyperinflation2020.tumblr.com/private/618394753459994624/tumblr_J7vRw9y0QxMlfm6Xd) + +Following this, NVDA came out with Pascal in 2016 – a very powerful offering in the mid to high end part of the GPU market. At the same time, AMD was focusing on rebuilding and had no compelling mid or high end offerings. AMD mainly focused on maintaining scale in the very low end. Following that came 2017 and 2018: AMD’s offering was still very poor at the time, but cryptomining drove demand for GPUs to new levels, and AMD’s GPUs were more compelling from a price-performance standpoint for crypto mining initially, perversely leading to AMD gaining share. NVDA quickly remedied that by improving their drivers to better mine crypto, regaining their relative positioning, and profiting in a big way from the crypto boom. Supply that was calibrated to meet gaming demand collided with cryptomining demand and Average Selling Prices of GPUs shot through the roof. Cryptominers bought top of the line GPUs aggressively. + +A good way to see changes in crypto demand for GPUs is the mining profitability of Ethereum: + +📷 [https://hyperinflation2020.tumblr.com/private/618394769378443264/tumblr\_cmBtR9gm8T2NI9jmQ](https://hyperinflation2020.tumblr.com/private/618394769378443264/tumblr_cmBtR9gm8T2NI9jmQ) + +This leads us to where we are today. 2019 saw gaming revenues drop for NVDA. Where are they likely to head? + +The secular trends of falling desktop sales along with falling discrete GPU sales have reasserted themselves, as per the Jon Peddie research above. Cryptomining profitability has collapsed. + +AMD has come out with a new architecture, NAVI, and the 5700XT – the first Iteration, competes effectively with NVDA in the mid-high end space on a price/performance basis. This is the first real competition from AMD since 2014. + +NVDA can see all these trends, and they tried to respond. Firstly, with volumes clearly declining, and likely with a glut of second-hand GPUs that can make their way to gamers over time from the crypto space, NVDA decided to pursue a price over volume strategy. They released their most expensive set of GPUs by far in the latest Turing series. They added a new feature, Ray Tracing, by leveraging the Tensor Cores they had created for Professional uses, hoping to use that as justification for higher prices (more on this in the section on Professional GPUs). Unfortunately for NVDA, gamers have responded quite poorly to Ray Tracing – it caused performance issues, had poor support, poor adoption, and the visual improvements in most cases are not particularly noticeable or relevant. + +The last recession led to gaming revenues falling 30%, despite NVDA being in a very strong position at the time vis-à-vis AMD – this time around their position is quickly slipping and it appears that the recession is going to be bigger. Additionally, the shift away from discrete GPUs in gaming continues. + +To make matters worse for NVDA, AMD won the slots in both the New Xbox and the New PlayStation, coming out later this year. The performance of just the AMD GPU in those consoles looks to be competitive with NVidia products that currently retail for more than the entire console is likely to cost. Consider that usually you have to pair that NVidia GPU with a bunch of other expensive hardware. The pricing and margin impact of this console cycle on NVDA is likely to be very substantially negative. + +It would be prudent to assume a greater than 30% fall in gaming revenues from the very elevated 2019 levels, with likely secular decline to follow. + +**The Professional Market:** + +A Bit of Ancient History (again, skip if impatient) + +As it turns out, graphical accelerators were first used in the Professional market, long before they were employed for Gaming purposes. The big leader in the space was a company called Silicon Graphics, who sold workstations with custom silicon optimised for graphical processing. Their sales were only $25Mn in 1985, but by 1997 they were doing 3.6Bn in revenue – truly exponential growth. Unfortunately for them, from that point on, discrete GPUs took over, and their highly engineered, customised workstations looked exorbitantly expensive in comparison. Sales sank to 500mn by 2006 and, with no profits in sight, they ended up filing for bankruptcy in 2009. Competition is harsh in the semiconductor industry. + +Initially, the Professional market centred on visualisation and design, but it has changed over time. There were a lot of players and lot of nuance, but I am going to focus on more recent times, as they are more relevant to NVidia. + +**Some More Modern History** + +NVDA’s Professional business started after its gaming business, but we don’t have revenue disclosures that show exactly when it became relevant. This is what we do have – going back to 2005: + +📷 [https://hyperinflation2020.tumblr.com/private/618394785029472256/tumblr\_fEcYAzdstyh6tqIsI](https://hyperinflation2020.tumblr.com/private/618394785029472256/tumblr_fEcYAzdstyh6tqIsI) + +In the beginning, Professional revenues were focused on the 3D visualisation end of the spectrum, with initial sales going into workstations that were edging out the customised builds made by Silicon Graphics. Fairly quickly, however, GPUs added more and more functionality and started to turn into general parallel data processors rather than being solely optimised towards graphical processing. + +As this change took place, people in scientific computing noticed, and started using GPUs to accelerate scientific workloads that involve very parallel computation, such as matrix manipulation. This started at the workstation level, but by 2007 NVDA decided to make a new line-up of Tesla series cards specifically suited to scientific computing. The professional segment now have several points of focus: + +1. GPUs used in workstations for things such as CAD graphical processing (Quadro Line) +2. GPUs used in workstations for computational workloads such as running engineering simulations (Quadro Line) +3. GPUs used in workstations for machine learning applications (Quadro line.. but can use gaming cards as well for this) +4. GPUs used by enterprise customers for high performance computing (such as modelling oil wells) (Tesla Line) +5. GPUs used by enterprise customers for machine learning projects (Tesla Line) +6. GPUs used by hyperscalers (mostly for machine learning projects) (Tesla Line) + +In more recent times, given the expansion of the Tesla line, NVDA has broken up reporting into Professional Visualisation (Quadro Line) and Datacenter (Tesla Line). Here are the revenue splits since that reporting started: + +📷 [https://hyperinflation2020.tumblr.com/private/618394798232158208/tumblr\_3AdufrCWUFwLgyQw2](https://hyperinflation2020.tumblr.com/private/618394798232158208/tumblr_3AdufrCWUFwLgyQw2) + +📷 [https://hyperinflation2020.tumblr.com/private/618394810632601600/tumblr\_2jmajktuc0T78Juw7](https://hyperinflation2020.tumblr.com/private/618394810632601600/tumblr_2jmajktuc0T78Juw7) + +It is worth stopping here and thinking about the huge increase in sales delivered by the Tesla line. The reason for this huge boom is the sudden increase in interest in numerical techniques for machine learning. Let’s go on a brief detour here to understand what machine learning is, because a lot of people want to hype it but not many want to tell you what it actually is. I have the misfortune of being very familiar with the industry, which prevented me from buying into the hype. Oops – sometimes it really sucks being educated. + +**What is Machine Learning?** + +At a very high level, machine learning is all about trying to get some sort of insight out of data. Most of the core techniques used in machine learning were developed a long time ago, in the 1950s and 1960s. The most common machine learning technique, which most people have heard of and may be vaguely familiar with, is called regression analysis. Regression analysis involves fitting a line through a bunch of datapoints. The most common type of regression analysis is called “Ordinary Least Squares” OLS regression, and that type of regression has a “closed form” solution, which means that there is a very simple calculation you can do to fit an OLS regression line to data. + +As it happens, fitting a line through points is not only easy to do, it also tends to be the main machine learning technique that people want to use, because it is very intuitive. You can make good sense of what the data is telling you and can understand the machine learning model you are using. Obviously, regression analysis doesn’t require a GPU! + +However, there is another consideration in machine learning: if you want to use a regression model, you still need a human to select the data that you want to fit the line through. Also, sometimes the relationship doesn’t look like a line, but rather it might look like a curve. In this case, you need a human to “transform” the data before you fit a line through it in order to make the relationship linear. + +So people had another idea here: what if instead of getting a person to select the right data to analyse, and the right model to apply, you could just get a computer to do that? Of course the problem with that is that computers are really stupid. They have no preconceived notion of what data to use or what relationship would make sense, so what they do is TRY EVERYTHING! And everything involves trying a hell of a lot of stuff. And trying a hell of a lot of stuff, most of which is useless garbage, involves a huge amount of computation. People tried this for a while through to the 1980s, decided it was useless, and dropped it… until recently. + +What changed? Well we have more data now, and we have a lot more computing power, so we figured lets have another go at it. As it happens, the premier technique for trying a hell of a lot of stuff (99.999% of which is garbage you throw away) is called “Deep Learning”. Deep learning is SUPER computationally intensive, and that computation happens to involve a lot of matrix multiplication. And guess what just happens to have been doing a lot of matrix multiplication? GPUs! + +Here is a chart that, for obvious reasons, lines up extremely well with the boom in Tesla GPU sales: + +📷 [https://hyperinflation2020.tumblr.com/private/618394825774989312/tumblr\_IZ3ayFDB0CsGdYVHW](https://hyperinflation2020.tumblr.com/private/618394825774989312/tumblr_IZ3ayFDB0CsGdYVHW) + +Now we need to realise a few things here. Deep Learning is not some magic silver bullet. There are specific applications where it has proven very useful – primarily areas that have a very large number of very weak relationships between bits of data that sum up into strong relationships. An example of ones of those is Google Translate. On the other hand, in most analytical tasks, it is most useful to have an intuitive understanding of the data and to fit a simple and sensible model to it that is explainable. Deep learning models are not explainable in an intuitive manner. This is not only because they are complicated, but also because their scattershot technique of trying everything leaves a huge amount of garbage inside the model that cancels itself out when calculating the answer, but it is hard to see how it cancels itself out when stepping through it. + +Given the quantum of hype on Deep learning and the space in general, many companies are using “Deep Learning”, “Machine Learning” and “AI” as marketing. Not many companies are actually generating significant amounts of tangible value from Deep Learning. + +**Back to the Competitive Picture** + +**For the Tesla Segment** + +So NVDA happened to be in the right place at the right time to benefit from the Deep Learning hype. They happened to have a product ready to go and were able to charge a pretty penny for their product. But what happens as we proceed from here? + +Firstly, it looks like the hype from Deep Learning has crested, which is not great from a future demand perspective. Not only that, but we really went from people having no GPUs, to people having GPUs. The next phase is people upgrading their old GPUs. It is much harder to sell an upgrade than to make the first sale. + +Not only that, but GPUs are not the ideal manifestation of silicon for Deep Learning. NVDA themselves effectively admitted that with their latest iteration in the Datacentre, called Ampere. High Performance Computing, which was the initial use case for Tesla GPUs, was historically all about double precision floating point calculations (FP64). High precision calculations are required for simulations in aerospace/oil & gas/automotive. + +NVDA basically sacrificed HPC and shifted further towards Deep Learning with Ampere, announced last Thursday. The FP64 performance of the A100 (the latest Ampere chip) increased a fairly pedestrian 24% from the V100, increasing from 7.8 to 9.7 TF. Not a surprise that NVDA lost El Capitan to AMD, given this shift away from a focus on HPC. Instead, NVDA jacked up their Tensor Cores (i.e. not the GPU cores) and focused very heavily on FP16 computation (a lot less precise than FP64). As it turns out, FP16 is precise enough for Deep Learning, and NVDA recognises that. The future industry standard is likely to be BFloat 16 – the format pioneered by Google, who lead in Deep Learning. Ampere now does 312 TF of BF16, which compares to the 420 TF of Google’s TPU V3 – Google’s Machine Learning specific processor. Not quite up to the 2018 board from Google, but getting better – if they cut out all of the Cuda cores and GPU functionality maybe they could get up to Google’s spec. + +And indeed this is the problem for NVDA: when you make a GPU it has a large number of different use cases, and you provide a single product that meets all of these different use cases. That is a very hard thing to do, and explains why it has been difficult for competitors to muscle into the GPU space. On the other hand, when you are making a device that does one thing, such as deep learning, it is a much simpler thing to do. Google managed to do it with no GPU experience and is still ahead of NVDA. It is likely that Intel will be able to enter this space successfully, as they have widely signalled with the Xe. + +There is of course the other large negative driver for Deep Learning, and that is the recession we are now in. Demand for GPU instances on Amazon has collapsed across the board, as evidenced by the fall in pricing. The below graph shows one example: this data is for renting out a single Tesla V100 GPU on AWS, which isthe typical thing to do in an early exploratory phase for a Deep Learning model: + +📷 [https://hyperinflation2020.tumblr.com/private/618396177958944768/tumblr\_Q86inWdeCwgeakUvh](https://hyperinflation2020.tumblr.com/private/618396177958944768/tumblr_Q86inWdeCwgeakUvh) + +With Deep Learning not delivering near-term tangible results, it is the first thing being cut. On their most recent conference call, IBM noted weakness in their cognitive division (AI), and noted weaker sales of their power servers, which is the line that houses Enterprise GPU servers at IBM. Facebook cancelled their AI residencies for this year, and Google pushed theirs out. Even if NVDA can put in a good quarter due to their new product rollout (Ampere), the future is rapidly becoming a very stormy place. + +**For the Quadro segment** + +The Quadro segment has been a cash cow for a long time, generating dependable sales and solid margins. AMD just decided to rock the boat a bit. Sensing NVDA’s focus on Deep Learning, AMD seems to be focusing on HPC – the Radeon VII announced recently with a price point of $1899 takes aim at NVDAs most expensive Quadro, the GV100, priced at $8999. It does 6.5 TFLOPS of FP64 Double precision, whereas the GV100 does 7.4 – talk about shaking up a quiet segment. + +**Pulling things together** + +Let’s go back to what NVidia fundamentally does – paying their engineers to design chips, getting TSMC to print those chips, and getting board partners in Taiwan to turn them into the final product. + +We have seen how a confluence of several pieces of extremely good fortune lined up to increase NVidia’s sales and profits tremendously: first on the Gaming side, weak competition from AMD until 2014, coupled with a great product in form of Pascal in 2016, followed by a huge crypto driven boom in 2017 and 2018, and on the Professional side, a sudden and unexpected increase in interest in Deep Learning driving Tesla demand from 2017-2019 sky high. + +It is worth noting what these transient factors have done to margins. When unexpected good things happen to a chip company, sales go up a lot, but there are no costs associated with those sales. Strong demand means that you can sell each chip for a higher price, but no additional design work is required, and you still pay the printer, TSMC, the same amount of money. Consequently NVDA’s margins have gone up substantially: well above their 11.9% long term average to hit a peak of 33.2%, and more recently 26.5%: + +📷 [https://hyperinflation2020.tumblr.com/private/618396192166100992/tumblr\_RiWaD0RLscq4midoP](https://hyperinflation2020.tumblr.com/private/618396192166100992/tumblr_RiWaD0RLscq4midoP) + +The question is, what would be a sensible margin going forward? Obviously 33% operating margin would attract a wall of competition and get competed away, which is why they can only be temporary. However, NVidia has shifted to having a greater proportion of its sales coming from non-OEM, and has a greater proportion of its sales coming from Professional rather than gaming. As such, maybe one can be generous and say NVDA can earn an 18% average operating margin over the next cycle. We can sense check these margins, using Intel. Intel has a long term average EBIT margin of about 25%. Intel happens to actually print the chips as well, so they collect a bigger fraction of the final product that they sell. NVDA, since it only does the design aspect, can’t earn a higher EBIT margin than Intel on average over the long term. + +Tesla sales have likely gone too far and will moderate from here – perhaps down to a still more than respectable $2bn per year. Gaming resumes the long-term slide in discrete GPUs, which will likely be replaced by integrated GPUs to a greater and greater extent over time. But let’s be generous and say it maintains $3.5 Bn Per year for the add in board, and let’s assume we keep getting $750mn odd of Nintendo Switch revenues(despite that product being past peak of cycle, with Nintendo themselves forecasting a sales decline). Let’s assume AMD struggles to make progress in Quadro, despite undercutting NVDA on price by 75%, with continued revenues at $1200. Add on the other 1.2Bn of Automotive, OEM and IP (I am not even counting the fact that car sales have collapsed and Automotive is likely to be down big), and we would end up with revenues of $8.65 Bn, at an average operating margin of 20% through the cycle that would have $1.75Bn of operating earnings power, and if I say that the recent Mellanox acquisition manages to earn enough to pay for all the interest on NVDAs debt, and I assume a tax rate of 15% we would have around $1.5Bn in Net income. + +This company currently has a market capitalisation of $209 Bn. It blows my mind that it trades on 139x what I consider to be fairly generous earnings – earnings that NVidia never even got close to seeing before the confluence of good luck hit them. But what really stuns me is the fact that investors are actually willing to extrapolate this chain of unlikely and positive events into the future. + +Shockingly, Intel has a market cap of 245Bn, only 40Bn more than NVDA, but Intel’s sales and profits are 7x higher. And while Intel is facing competition from AMD, it is much more likely to hold onto those sales and profits than NVDA is. These are absolutely stunning valuation disparities. + +If I didn’t see NVDA’s price, and I started from first principles and tried to calculate a prudent price for the company I would have estimated a$1.5Bn normalised profit, maybe on a 20x multiple giving them the benefit of the doubt despite heading into a huge recession, and considering the fact that there is not much debt and the company is very well run. That would give you a market cap of $30Bn, and a share price of $49. And it is currently $339. Wow. Obviously I’m short here! +Due to certain circumstances, I will be moving from my house in Indiana to Pensacola, FL. I lived there for about 8 years, and I have a good friend that I will be living with for 4 months with his parents, and then we will move out during his winter break. I have no car, or even license. I have a couple jobs that I could probably get within a couple weeks, and my license will be the first thing I push for. I also have no idea how to do things such as finding a good doctor, getting cheap healthcare, how to get my prescriptions filled, etc. I will also not be going to college this year. I will wait til next year when (hopefully) I'll have more money and won't have to pay the huge amount of money in out of state tuition fees. I am pretty scared of the move and would like to get any advice that you guys have to give me. + +tl;dr: Moving out with $5000, no car, license, and little knowledge of things like healthcare and paying bills. I need any advice you can give. + +Edit: So much advice! I can't respond to it all but I'm definitely looking through each and every one of them +Hi, + + +What are your thoughts on this plan: +M28/F25 Total income of 120k before tax. Potential to move up in career shortly. + + +My plan: +Buy a house near for around 450k in Wollongong. +Commute each day to Sydney CBD, and perhaps there is room for myself to get one or two days Work From Home as well, seeing as that's been thrown about recently due to Covid-19. + + +Pay off the house quick-smart, putting around 35k into it each year that would normally go to rent and savings, leaving a small buffer for unseen expenses and rainy day. + +Once it is paid off, throw everything at a retirement fund. + + +Why I think I could deal with the commute: +My weekdays feel like a waste anyway, whether I get home early or late. +I like to go to the gym during the week, and if I owned a house, I could build one at home and make the commute time back by having a gym in my own house. +Weekends would be incredible, having ready access to the beach. + + +Has anyone done something or is doing something similar? + + +Thank you! +A lot of us are feeling the pain. Not only in GME but in most of our stonks. The Nasdaq was up almost 2% at its high today to get pummeled in the last half of the day to a loss of 1.3%. 3.3 trillion dollars worth of options expire tomorrow!! Trillion dollars yep . . . that is right!! I don't even know how many 0's are in a trillion . . . but it is a shit load!!! + +&#x200B; + +https://preview.redd.it/snq4jn1kswc81.jpg?width=690&format=pjpg&auto=webp&s=8b59667cd7abb13ffb4bb8c3ce3d3b2f58a1c07d +Would you like to know why Citadel worked all weekend? + +Well the SEC issued this guidance on SPACS (google SPACS if you dont know) + +[https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs](https://www.sec.gov/news/public-statement/accounting-reporting-warrants-issued-spacs) + +Somebody else can go through the fine print, but it basically says that the SPAC warrants are liabilities not Equity. + +Q&A + +Q: Well ok then, so what if you bought a couple SPACS..... + +A: Well then you would have to account for them as liabilities if you havent paid for the shares and fulfilled the contracts..... ok sound simple enough. + +Q: Ok what if you...kinda sorta......went on a SPAC binge and bough every SPAC you saw on the shelf. + +A: Like how many + +Q: Say you were a shy kid in high school, hit a growth spirt came into your own hit college and had a FIELD DAY..... That many + +A: so you bough 20 SPACS + +Q:more like 80 + +A: Well then you have that much more Liabilities to manage on your balance sheet.... I hope you are not in any other Financial problems. + +Q:..... + +A; what is it + +Q: Well I kind of got between a bunch of dump Apes and their favorite Video Game store... + +A: Oh NO....APES Dont let Go + +Q: I am FUCKED + +A: You're FUCKED + +\----------------------------------------------------------------------------- + +So I made a spread sheet trying to track all the SPACS citadel was buying. I also looked at other Hedge funds to see if they were going on a buying spree as well....they were not...not that I could find. + +Citadel though it found a money cheat code. Buy SPAC warrants, use warrants as equity on balance sheet, leverage up fight APE. + +The SEC issued guidance annihilating that entire plan overnight. + +That's why they worked all weekend. they spent the first quarter buying SPACS like they were crack and now they are going to have to offload them. + +They have known about the liquidity requirements for months....but they didn't expect a change in the SPAC rules, or they wouldn't have bought 80 of them. + +Go through the list, they are not very good companies. They were just going to use them for the equity cheat code. So they bought whatever was left. The SPAC market is picked over, its fucking 2021. STOP TRYING TO MAKE SPAC HAPPEN CITADEL SPACs were so LAST YEAR. + +&#x200B; + +original thought post here and here + +[https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel\_spacs\_acquisitions/?sort=new](https://www.reddit.com/r/DDintoGME/comments/mv3d1t/citadel_spacs_acquisitions/?sort=new) + +[https://www.reddit.com/r/Superstonk/comments/mv3hi1/has\_citadel\_spent\_clost\_to\_8\_billion\_on\_spacs\_so/?sort=new](https://www.reddit.com/r/Superstonk/comments/mv3hi1/has_citadel_spent_clost_to_8_billion_on_spacs_so/?sort=new) + +I am marking this as DD until someone proves me wrong. + +Start of list of SPACS bought by Citadel +https://sec.report/CIK/0001423053 + +&#x200B; + +https://preview.redd.it/zxhogjl3lfu61.png?width=1349&format=png&auto=webp&s=119513f86e58fbb322ff9160825687dc1ba226e9 + +oh for those of you who need Google Trends to confirm your suspicions.. + +SPACS did peak at 2 AM Saturday morning.... + +&#x200B; + +https://preview.redd.it/6wzexqfrjfu61.png?width=883&format=png&auto=webp&s=56eb1201a2bef4716083f247a9e4c9381bf50154 +I (26F) currently work as an analyst for an energy company earning £30k. On average, I make the company £20k+ a month by finding mistakes in counter party bills, resulting in more money to my company. Some months it’s been closer to £40k. + +I have been offered a job in the civil service paying £36k. And whilst it’s not a huge increase, there are other perks such as the CS pension. + +I also had a job offer paying £38k but it was only a contract role, and in the covid climate I wanted stability. They sought me out for this role as I used to work for them. I think in the market I could achieve more than the £30k I’m currently on. + +Is it worth asking my current employer if they can match the salary? I have only been there 6 months but have added atleast 200k in value by finding billing errors. I am often praised for how much value I’m adding. + +I really enjoy my current job. My manager is great, he’s really helpful and allows me a lot of flexibility. But ultimately I don’t know how much room to grow there is in my current role. The settlements team is only me and my boss so there’s not really any room for promotion. + +As an aside, I’ve been told by people in the civil service that the level I would enter at (HEO) would essentially be an admin role. In my current job, I’m learning a lot of analytical skills. So wondering if it would even be worth considering the CS job or whether it’s worth staying where I am for a year or so, then leaving to find a higher paying role in the private sector. + +I do want to progress my career and increase my salary so any advice would be appreciated. + +Edit: thank you all so so much for your very insightful comments! I did not expect such a great response +I am doing this again, because I hate seeing people get fooled over and over by these horrible news articles that are obviously preying on misconceptions by people in other cultures. + +So I am here to break down exactly what the recent Rueters article is trying to do to people who don’t understand how the Korean banking system works. + +Now, before I moved to Korea, I too was naïve about their banking practices. If I saw an article saying “The steps will include a ban on opening anonymous cryptocurrency accounts and new legislation to allow regulators to close virtual coin exchanges if needed” I too would be confused by misunderstanding. + +But, what exactly does this mean? Opening cryptocurrency bank accounts? How does that happen in Korea? In America, I only have 1 bank account. Maybe two. And how do I open one anonymously? + +What Reuters is doing, and it knows it, is failing to explain Korean banking systems in general. + +So, in Korea, it is very common for businesses to open temporary bank accounts for customers. These are called “virtual bank accounts.” They are not real or tied to any specific name. “Virtual” (this is important to understand) Often, these bank accounts are open for only 24 hours, and they are anonymous. People can go to the ATM, transfer the exact amount to that account, and pay for items online. Even Gmarket allows users to do this. It is another, easy way to pay for things securely, online. + +Now, Bithumb allows this as an option (one of several) in order to deposit Won into their website. These bank accounts are generated on the spot, and are only open for 3 hours. In that span, you can go to an ATM, send your Won to your anonymously generated bank account, and it will show up on Bithumb. You can also issue a “virtual” account that is linked to your actual bank account, and takes additional verification processes. + +I am not sure how Korbit/Bithumb do this, but I do have a “virtual account” with them, but it is linked directly to my name, which matches exactly with my already submitted government id. I would assume that Korbit/Bithumb are already taking these measures, and have been. It could also be that the government wants to get rid of virtual accounts entirely, but I would imagine, as long as it is not anonymous, they will keep on issuing accounts. +And even if these “virtual” accounts, which are not anonymous, are banned, Bithumb and Korbit will start using a system similar to Coinbase. + +Here are some images to show you how these accounts are handled at Bithumb: https://imgur.com/a/BkAKP + +I will say this: I had a more difficult time signing up with Bithumb than I did on Coinbase, and this was before any regulation was even mentioned in Korea. Speaking for Bithumb, I can assure you, they plan to follow every regulation, and may already have the necessary information to comply. + +I can not make a virtual account anonymously. It must match my gov. id name, which Bithumb has a record of. + +I can not deposit money unless it comes from a bank account registered in my name. I even had to submit a copy of the ATM receipt which matched the date and time of my deposit. + +Bithumb has copies of my government identification and my passport. When I withdraw into a bank account, that account must match the same name on these documents, or my deposit will not work. + +Based on this new FUD, Bithumb, and most likely UpBit and Korbit are already following these regulations completely. + +Now, let’s drop the FUD ridden, 2 paragraph Reuters article, and look at some MUCH more informed pieces about this news, from Korean sources. + +1.) http://english.yonhapnews.co.kr/national/2017/12/28/0301000000AEN20171228005600315.html +Notice how this short article spells out clearly the regulations and ends by stating exactly won’t be affected by it. “only real-name bank accounts and matching accounts at virtual currency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned.” So, “virtual” accounts, which are what I described above, is clearly what is being regulated. And they must match the “real name” of the users. + +And we have people here claiming that no one in Korea can make a new account on any exchanges. And then they go on to say Korea is starting to shut exchanges down too. + +The Korean government is saying that, IF exchanges don’t comply, they will begin enforcing it and shutting them down. They will start looking to make sure that places like Bithumb are no longer issuing virtual accounts, and requiring real-name bank accounts on their platform. Bithumb will comply. Korbit will comply. UpBit will comply. They will compete to comply quicker. These regulations are no different than what Coinbase went through. + +2.) http://news.naver.com/main/read.nhn?mode=LSD&mid=shm&sid1=101&oid=008&aid=0003985407 +Another Korean source which is also very clear on what the government said. It clearly states that exchanges won’t be issued “virtual” bank accounts anymore, and it will need to move to an “actual name” system. New customers must register with their actual bank accounts. It then goes a step further and explains why, stating that it would be more difficult to trace any money laundering if a temporary account was used to buy crypto. + +I am not here to argue whether this is good or bad. But we have people on this sub-reddit who simply don’t understand what “banning new virtual accounts” means. And Reuters did not do it’s diligence, like the other articles I posted here, in explaining what “virtual account” means. And they know it. + +Stop being fooled! +___________________________________________________________________________________________ + +UPDATE!!!!!!! + +I have a copy of the letter recently sent by Coinone to all its customers. It confirms exactly what I stated above. + +- All minors are banned from investing +- All Foreigners who do not live in Korea will be banned +- Virtual account creation will stop TEMPORARILY on Dec. 29th, and they will switch to a "real name system" +- They are not banning all new Virtual accounts. The System will just update to link REAL NAME to the created accounts +- Coinone seems happy to create a healthy crypto ecosystem +- Korea is not China!!! + +The letter (and please forgive their rushed translation. I think they sent this out very quickly): + +Coinone 공지사항 +가상통화 거래실명제 적용에 대한 안내 + +2017년 12월 28일 열린 국무조정실과 정부기관들의 암호화폐 관련 회의에서 [가상통화 투기근절을 위한 특별대책]이 발표되었고 주요 내용은 다음과 같습니다. + +1) 가상통화 거래(가상계좌)에 대한 실명제 실시 +2) 가상통화 관련 범죄 집중단속 및 엄중 처벌 +3) 법무부의 조건 미충족 거래소 폐쇄 의견 제안 + +이에 상기 대책에 따른 각 실행사항을 금융기관으로부터 전달받았고, 항상 암호화폐의 건전한 생태계 정착을 위하는 코인원에서는 이를 준수하여 시행합니다. 고객님들께서는 아래의 가상통화 거래실명제 실시를 위한 가상계좌 및 이용자격 변동사항에 대해서는 반드시 숙지해주시기 바랍니다. + +첫째. 가상계좌 신규 발급이 일시 중단됩니다. + +정부의 ‘실명확인 입출금계정서비스‘의 도입을 위하여 농협가상계좌 발급이 2017. 12. 29(금) 24:00 (자정) 이후로 중단됩니다. 신규가입 및 과거 산업은행 가상계좌 이용 고객님들께서는 반드시 유의해주시기 바랍니다. + +둘째. 미성년자와 비거주자(외국인)의 거래가 제한됩니다. + +코인원에서는 기존 약관수정을 통해 미성년자(만 19세 미만자)의 거래를 제한하고 법정대리인의 동의가 있는 경우에 한해 일부허용되었으나 이번 규제조치로 인해 미성년자 및 비거주자의 가상계좌 개설 및 거래가 금지됩니다. + +- 미성년자 : 만 19세 미만의 미성년자로 코인원서비스 이용 전체 불가 +조치사항 : 2018. 01. 05. 20:00 이후 모든 미성년자의 계정사용 불가 +법정대리인의 허가를 얻었더라도 사용이 불가능하며 2018. 01. 01 ~ 2018. 01. 05의 유예기간동안 자산을 모두 출금해야 합니다. + +- 비거주자 : ‘한국에 거주하지 않는 자‘이며 ‘국내거주 외국인’은 거주자에 해당하는 것으로 처리합니다. 거주와 비거주의 구분은 코인원 계정정보 내의 국내 본인명의 휴대폰 사용여부로 판단하며 향후 정부기관에서 구체적인 기준 설정시 변경될 수 있습니다. +조치사항 : 2018. 1. 2. 20:00 KRW입금용 가상계좌 환수(KRW 입금불가) +자산인출을 위한 KRW출금은 일시적으로 허용하며, 향후 KRW출금 또한 불가적용 예정 + +저희 코인원은 건전한 암호화폐 시장조성을 위할 것을 약속드리며 +안전하고 투명한 암호화폐 산업의 발전을 위해 노력하겠습니다. + +감사합니다. +코인원 팀 드림 + +Special measure for The Korean government's cryptocurrency ‘s speculation eradication +Hello, this is Team Coinone. + +On December 28th, 2017, Korean Office for Government Policy Coordination(OPC) and other government agencies coordinated a conference about cryptocurrency. + +On the conference, [가상통화 투기근절을 위한 특별대책](Special measure for cryptocurrency ‘s speculation eradication) is released, and the main thesis are below. +1) Applying real-name system on virtual account which is used on cryptocurrency trading. +2) Penal punishment on crime related to cryptocurrency. +3) Proposal to Ministry of Justice in Korea closing exchanges which are limited to provide such service. + +We received the reaction items based on the conference by financial agencies, and since we always want to establish a healthy ecosystem on cryptocurrency, we respect government’s decision and will apply to our platform. PLEASE note those policy changes below. + +FIRST. Virtual account issuing for cryptocurrency trading will be CLOSED TEMPORARY. To apply Korean goverment’s policy for real-name system, virtual account issuing will be closed after December 29th,2017 24:00(KST). + +SECOND, underaged-minors’ and non-Korea-residents’ trading will be limited. +Currently, Coinone allowed underaged-minors’ trading on limited standard, which is based on legal representative’s agreements, but this also will be limited. + +Details about this information is below +- Underaged-minors: Whole service will not available +- All underaged-minors’ account will be locked after January 5th, 2018 8:00PM (KST) +- All subjected users need to withdraw all asset from January 1st to 5th, 2018.. +- Non-Korea-residents (the one who are not live in Korea. Not Koreans who are live in Korea are not in this criteria) +- Korea-residents/ Non-Korea-Residents are decided by usage on mobile phone country, so it may differ by government’s details about the criteria +- KRW withdrawals are now allowed temporary, but will be closed(will notify as soon as possible with following notice). + +Again, we promise that we try our best to to establish a healthy ecosystem on cryptocurrency’s market, and endeavor our best efforts to improve safeness and transparency on cryptocurrency industry. + +We always appreciate for your understanding and try our best to our customers as always. +Thank you. + +Team Coinone +거래하기 +The Future of Finance, Coinone +For chart see: https://imgur.com/HexYgSl + +The number of active ETH addresses has doubled in two months. Daily transactions have nearly doubled from the February low. Daily new addresses are up a whopping four times! Even the price has doubled since the last low. And if you like reading the TA runes, the 50-day EMA is at or above the 200-day EMA (as is the spot price) - what they call a “golden cross” has occurred. Spring is here at last. + +There’s more: at the ATH 15 months ago, the previously tight correlation between ETH price and new daily wallets broke down, and the two lines diverged. If you look at them on a graph (see above), for six months after the ATH the wallet line falls below the price line. And then, in September 18, they swap and the price line falls below the wallet line - far below for a while. Today, the lines are tracking broadly in parallel, with the price line still below the wallet line. But if the price snaps back to the level where it is again consistent with new wallets, that would put ETH in the $400-$500 band. And if the new wallet numbers stay above 90k-100k per day for the next few weeks, that has to be considered a strong possibility. + +We might also note that ETH issuance has been reduced, and looks to fall further, possibly within the next year, as the protocol moves to Proof of Stake and a much higher capacity. The boost to ETH value this will almost certainly bring should be priced in during the next 6-9 months. Did I mention that the birds are singing and the wisteria smells lovely? + +For some months I have thought that any rise in the ETH price this year, and perhaps even next, would be tentative and hesitant - the pain of the last year being too close and too sharp. I am now reconsidering this. Crypto is again entering a very positive and optimistic phase. When euphoria hits, it not only hits fast, but it erases the memory of pain. (It’s what allows so many women to *volunteer* for a second or third pregnancy.) Added to the promise of spectacular returns, euphoria is a powerful force in a marketplace. It feels like it might be near. Am I right? + +No euphoria price forecast: $500 by Christmas. +Market euphoria price forecast: $1,000 or more by Christmas. +That’s it. It’s not a bet. But I need words to fill up this box. Again - if no one posts it before 1 PM on Labor Day (Sept 5, 2022 1PM EDT) I will buy the subscription and post the lawsuit here so we can all stop speculating. + +I believe this is all a smear campaign. + +Buy Hold DRS Change the World + +Update: + +Looks like u/SaucyCheddah was kind enough to pull everything. + +[SaucyCheddah’s post with documents in google drive](https://www.reddit.com/r/Superstonk/comments/x67r6i/heres_the_complaint_and_exhibits_filed_in_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + If you were a American Billionaire, how scared would you be watching a \*Foreign Billionaire\* get their assets & bank accounts frozen for no fault of their own. + +&#x200B; + +Billionaires around the world are scared right now. Only Bitcoin lifeboats can save them from the sinking ship. The entire population is starting to get wet, even those who have never felt a drop of water in their life. +Like the title says I'm weighing up the cost vs benefit of a house cleaner. + +Wife and I work hard and in the last couple of years we've been saving 50-70k/year without too much effort. + +While we work hard we are both messy and get way to lax about cleaning. At what point am I not crazy to hire a cleaner? + +Keen to hear any good or bad experiences and if anyone can recommend how to go about finding and hiring a cleaner. +I have the feeling, that a high percentage of people here rely on having real estate to live in and even more to rent out as passive income. + +So I wondered if it is + +A: really that passive (maintenance, finding tenants, arguing with them,...) + +B: how big of a role does it play in youre FIRE plans? + +I want to start with buying a cheapass little flat to rent out to just "get used to it". Paying of the credit with a few hundred euros a month and see what happens. If everything falls apart I sell it and re-evaluate... + +I can't start with a 500.000 apartment so I figured that might be the way to go... + +Guys I have some good news that can double prices (From Feb 1) + + + +As you all know India didn't have clear rules regarding CryptoCurrency, Financial Minister used vague terms like "not legal tender", "as of now" etc and always discouraged investors and warned them not to invest due to legal,market risks. +There are number of millionaires and Billionaires who is interested in investing Crypto but didn't invest because of this risk of banning and +But recently Country's richest man started assembling team to start his own coin JioCoin (This is the first ICO plan by any trusted businessmen) He's well known for having good relationship with current Govt. He wouldn't have started this coin if Govt had plans to ban this. + + +And what really confirms this theory is Ministry of Corporate Affairs asked countries Accounting body(ICAI) to study accounting standards related to Crypto Currencies (Source: http://www.financialexpress.com/market/icai-to-carry-study-on-cryptocurrency/1031040/lite/ ) + +All Finance and Taxation related changes takes place in country only once in a year during annual Union Budget which will be on 1st February every year. +News sources also confirmed Govt will give clarity on Virtual Currencies (Crypto currencies) this budget. Above two factors confirm That Govt will surely legalize crypto in near future, probably on 1st February + +This is huge... Cryptos always sell at premium (Because very few Indians have credit card that support international payments) If Govt legalize then companies can buy from international exchanges and sell it in the country, it'll be win win situation. + +Stay tuned... On Feb 1st If Govt Legalize crypto we'll reach moon I'm 100% sure this will happen, +Thank you + + +One of the main reasons why the price of ether has a hard time increasing around $300 is because the ICO projects are selling tens of thousands ether each day. + +We need POS so that the ICO projects will be much more motivated into staking their ether instead of selling it. A large majority of the ICO's can easily cover most, if not all of whatever expenses they might have simply by staking their ether. This way we will see far less sell-off and a larger increase in the price of ether. +update: Thank you all for your questions, it's been a pleasure chatting with you today. I'm signing off for the evening, but I hope we can speak again. + +Hi /r/ethtrader! My name is Evgeny Vigovsky and I’m here to talk about all things cryptosecurity. I’ve worked in cybersecurity for 18 years, with 12 of them at Kaspersky Lab, where I headed the DDoS division. My current project is Saifu, a crypto-fiat financial platform that aims to bridge the gap between crypto and fiat currencies. One of the key challenges for my project was figuring out how to protect crypto against hackers and we’ve had lots of adventures along the way. I’m happy to share information on cybersecurity for cypytocurrencies and whatever else you’d like to ask. Ask me anything! +The one that's most likely to succeed and compete with SafeMoon I believe is SafeGalaxy. + +SafeMars hit their ATH on day 12 +SafeStar hit their ATH on day 8 + +All coming after being listed on Coin Market Cap + +SafeGalaxy is on day 6 and is not on Coin Market Cap yet. + +&#x200B; + +Prices of each as of this post. + +SafeMars 0.0000000162 +SafeStar 0.000000014 +SafeGalaxy 0.00000000784 + +&#x200B; + +From now until SafeMars ATH around 0.0000001 +SafeMars 6.1x +SafeStar 7.1x +SafeGalaxy 12.7x + + +From now until SafeMoon ATH around 0.00000054 +SafeMars 33.3x +SafeStar 38.5x +SafeGalaxy 68.8x + +&#x200B; + +From my experience, the ones that last have a strong community in discord. +SafeMoon has 17,969 + +SafeMars has 861 discord members, I couldn't find a SafeStar discord and SafeGalaxy has 1,586. + + +SafeGalaxy has almost double the members of SafeMars and is constantly growing, not on Coin Market Cap, and still has a 12.7x from SafeMars ATH and a 68.8x from SafeMoon ATH. I don't think you're going to get another chance to get in this early on a strong community that is growing every day and has yet to see mainstream publicity yet. +Join their discord @ [https://discord.gg/vFeeYYux](https://discord.gg/vFeeYYux) +Over the last 3 months there were endless discussion and a analysis suggesting that the tesla bubble was going to pop anytime now. It appears that tesla is going to be permanently viewed as a ~600B company at minimum going forward. + +For those who are familar with Gary Black. He provides nuanced projections for testla and his price target is around ~$840. + +**Key Analysts** + +1/ $8T Active Mgr buying (now) + +2/ MIC Y launch (now) + +3/ Street ups FY’21 Est/PTs (1/4) + +4/ CyTrck update (1/15) + +5/ FSD MRR launch (1/15) + +6/ Biden inaugural/EV credit (1/20) + +7/ 4Q EPS $1.06 v $0.93 (1/27) + +8/ FY’21 Deliv 840K v 777K (1/27) + +For bulls and bears, what are your thoughts on the stock. +I'm doing some research on mortgages for when I can buy a house in a few years. I cannot seem to see a detailed breakdown of how much is actually paid towards the mortgage and how much is paid to the bank/interest in £. + +This is probably obvious but want to make sure I have it correct. + +For example: + +Monthly payment : £1000 +Interest rate : 2.59% + +2.59% of £1000 = £25.90 + +Does this mean out of every £1000 I pay towards the mortgage, £25.90 of it goes to the bank/interest and the rest of it (£974.10) goes towards paying off the actual property? +I am struggling like the rest of us here. Everyday I worry about this and that, how to pay for this bill, what to prioritize with the money I do have, what I need to sacrifice. + +It takes a toll on my self esteem and self worth. It’s a reflection of my financial situation; not in a good place. + +In one way I feel incredibly blessed is that I have 2 cats who adore me. I am able to afford to take care of them, I prioritize it. They love me unconditionally, they don’t judge me, they don’t know I’m broke, they don’t know I’m struggling. Every-time I lay in bed defeated and feeling hopeless, one of them jumps up and lays with me. I cry nearly every-time. They have made me feel wanted, purposeful, loved. They give me a reason to persevere. +Reasons to be bullish: + +* More security audits +* More critical investors, less misallocation of funds +* More ETH in strong hands (most important) +* Ethereum is driven by a consensus algorithm, this means we can together invalidate whatever transactions we consider harmful to the network. This makes our network extremely strong. The proposed changes in the softfork will allow anyone to propose invalid blocks. Since getting a majority is no easy feat, this cannot be easily exploited. +* Network difficulty remains over 50, signaling strength +* More robust and leaner development +* Weak hands are out for good now, only investors that see the real potential remain +* Next bounce will be more swift and stronger than before due to fewer weak hands +* New DAO will be leaner and smaller, possibly making sure that no funds are misallocated. Too much money in fund = easy misallocation +* Vitalik and Co have proven they can handle a crisis +* Community is coming together to fight attack + +________________________________ + +All of this has shown me one thing: There are some people that oppose the fork because of philosophical reasons that it may disprove the value proposition of the entire platform and others that are more pragmatic that understand that we actually need this to grow. + +Ethereum is a platform that works via a consensus algorithm. So right from the beginning it was apparent that we together have the power to decide which transactions are valid and which transactions are invalid. Thats how it works fundamentally, right? So why people are complaining about it now is beyond me. This makes us stronger, not weaker. We can fight things that Bitcoin for example cant fight against - at all. + +This is a distinct difference that will help us grow and gain mass adoption, because unlike Bitcoin we have tools to fight fraud. I am pretty sure it wont happen a lot since you need to convince the majority of the network that its the right thing to do and we have seen how difficult that is but its good to know that at least we have the option to act on something if we can get everyone behind it. + + + + + + + + +<opens arms to receive hate and downvotes> + + +So, change my view on this. Every once in a while I revisit this on my head, and I always come to the same conclusion - this doesn't make sense and why do people say this all the time? + +My points: + +1. income is income, no matter where it comes, and it can be used to spend wherever you want to spend. What's the reason to say that a specific income gets applied as a discount to a particular purchase? It makes the same (no) sense as if I found a dollar on the street and say that now my morning coffee is 1$ cheaper. Or conversely, why can't I say that I sell a covered call on my $AAPL shares and with that money I reduced my cost basis on my $MSFT purchase? +2. more importantly, it doesn't make sense from a tax point of view. Tax-wise the money earned on CCs does not really reduce the basis when I report to the IRS. Moreover, if I hold long term, taxes on the CC income and on the stocks gains will likely be short-term for the CCs and long term for the stock. The only way options \*really\* affect the cost basis of the stock is if I get assigned on a CSP (or if I exercise a call, but in that case it \*increases\* the cost basis). So it doesn't make any sense from an accounting point of view either + +Is all then just self-delusion? Happy to hear arguments! + +&#x200B; + +EDIT - Thanks for all the comments! They've definitely not changed my view, but I understand now where the spirit of the expression is coming from. I say, to each their own and many successes in your endeavors! +We're building a platform that removes property managers from the owner/tenant relationship. + +instead, all services performed by a PM (maintenance requests, access to approved tradespeople, inspections, re-leasing, collecting signatures, and rent payment etc) will be managed in an end-to-end encypted app on phone/tablet or desktop. + +This can save most property investors between 4% and 6% annually, over the life of their investment. + +Would you use it, or prefer to pay the money to have a middle man (PM)? +Wish I could say "Nice," but it seems inappropriate at the moment. + +Instead I'll ask, how many of y'all are still DCAing? I actually paused mine on Friday because of Gemini stopping free withdrawals, which turned out to be a bit of a lucky break because of this weekend crash, but I might start back up again at the end of this week on a different platform. + +At this point in time, though, people would probably be better off keeping an eye on global equities news rather than crypto news. This thing won't get any better until the macro stuff is sorted out. + +EDIT:In other news, Bitcoin dominance actually fell today, which is surprising. But Bitcoin + stablecoin dominance went UP. Maybe this crypto winter is the one where BTC.D stays below 60% because people are keeping their money into USDC and DAI instead. +To memorialize my journey: + +location: midsouth + +ages: me 45, wife wife 45, kids 12 & 10 + +&#x200B; + +Net worth is 4-5M'ish (depending on how you value the pensions): + +1500K 401ks + +2300K brokerage accounts + +340K 529s + +300K house (no mortgage) + +pensions that will generate 85K per year for life starting at age 55 (in 10 years) + +&#x200B; + +I assume spending of 120K/year (growing at 2% inflation) which should be comfortable. 401ks are all in ultra safe investments (mainly a guaranteed fund) so income for life at age 60 will be about 145K/year. At that point, 401K and pensions will provide 230K/year for life. And social security at 62 adding to it. So the current 2.3M portfolio really just needs to get to that point, clearly it should with sensible investment allocations unless the Suze Orman loose chimp tears me to pieces. Hoping 529s fund both kids college costs but planning to pay regardless if short. + +&#x200B; + +To occupy my time, hoping to work on side projects that are a passion and may in time produce income as well. Have a lot of things that interest me. Life way too short to waste away in corporate america. + +&#x200B; + +Thanks for listening and any feedback. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +To memorialize my journey: + +location: midsouth + +ages: me 45, wife wife 45, kids 12 & 10 + +&#x200B; + +Net worth is 4-5M'ish (depending on how you value the pensions): + +1500K 401ks + +2300K brokerage accounts + +340K 529s + +300K house (no mortgage) + +pensions that will generate 85K per year for life starting at age 55 (in 10 years) + +&#x200B; + +I assume spending of 120K/year (growing at 2% inflation) which should be comfortable. 401ks are all in ultra safe investments (mainly a guaranteed fund) so income for life at age 60 will be about 145K/year. At that point, 401K and pensions will provide 230K/year for life. And social security at 62 adding to it. So the current 2.3M portfolio really just needs to get to that point, clearly it should with sensible investment allocations unless the Suze Orman loose chimp tears me to pieces. Hoping 529s fund both kids college costs but planning to pay regardless if short. + +&#x200B; + +To occupy my time, hoping to work on side projects that are a passion and may in time produce income as well. Have a lot of things that interest me. Life way too short to waste away in corporate america. + +&#x200B; + +Thanks for listening and any feedback. + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +TLDR; After almost a full year of trying to get my money from closing an account with my credit union, I finally received it today because I filed a complaint with the CFPB. + +In February of this year, I closed an account with my credit union because I hadn't made any transactions with them in years due to having no locations in the area I moved to. The initial interaction with staff was pleasant. They were able to close my account and they assured me a check would arrive within 2 weeks to the new address I provided to them. I waited the 2 weeks and nothing came in the mail. I called back the credit union and the representative was apologetic and said to wait just a bit longer and call back if nothing changed. She gave me the check number and told me to keep an eye out for it. But, if I wanted them to send me a new check, I could fill out their forms and cancel the original. + +I took a look at the forms and there were two issues I had. 1. They required it to be notarized, which would cost ME time and money for an issue that wasn't my fault. 2. It was an indemnity form. So, if for any reason the original check got cashed, even after putting a stop on it, the responsible party to pay would be ME. Again, for something that wasn't my fault. I refused to sign it. + +I waited the 3 months for the check to be invalid on it's own, and no one had cashed it. It was lost in the mail. I called back the credit union AGAIN and spoke with someone new. She, again, was very apologetic and assured me she would issue a new check and it would arrive in \~2 weeks. No need to sign the forms to stop the check, because so much time had passed. + +"Great!" I thought. I hung up and waited 2 more weeks. And no check arrived. I decided to wait another 3 months so the check would expire on it's own again so that I wouldn't need to go through that whole process of arguing against signing that indemnity form. + +3 months go by, no check. Once again I called the credit union and spoke with yet another representative. She informed me that no check was ever re-cut or re-sent 3 months ago, the previous rep had lied to me. This new rep said that because I never signed the indemnity form, they couldn't re-cut a new check. I asked to speak to a manager, because at this point I was angry and felt like the bank was jerking me around. She refused to let me speak to a manager and insisted she could handle it. She kept talking over me and was rushing to get me off the phone. Eventually, she said that they would waive any fee associated with getting a new form signed and that a new form would be sent for me to fill out. I was frustrated and agreed and hung up. + +The form she sent me was THE SAME FORM from before (she gave me the impression it would be something different). I was furious at this point and went to my husband to rant. He was able to calm me down and insisted I report this issue to the CFPB. So, I did. After, I sent an email to the newest rep stating my disappointment. I stated that she refused to let me speak to a manager, refused to listen to my plight, and she wanted me to repeat steps I had already taken; I told her that I reported the issue to the CFPB. She responded within the hour stating that she never said I couldn't speak to the manager, basically called me a liar, and was over-all nasty. We sent a few emails back and forth and neither of us budged. I left it as is and waited for a response from the CFPB. + +They were saints. They didn't cover closed account issues, but opened a new case for me with the National Credit Union Administration (NCUA), who in turn also didn't deal with those issues, who then forwarded it along to the Colorado Department of Regulatory Agencies. From the time I submitted that request, to today (about 2 weeks), I finally got my money. The credit union sent a FedEx priority mailed check, with a letter of apology AND 8% interest for the 11 months I was without my money. I wish I summitted that issue a long time ago. + +I'm relieved to have my money and can put this all behind me. But, a few tips for anyone in my shoes: + +Transfer as much money out of your account that is allowed (if there are minimums to keep it open) and THEN close the account, once you have the money cleared in your other account. + +Make frequent calls. Don't assume the representatives actually followed through on their actions, follow-up frequently yourself. + +Contact the CFPB if they refuse to work with you. I can't stress this enough, I'm confident this is why my money was returned to me so quickly after I submitted that issue. + +Best of luck to you all, and thanks for listening. +Hi, + +so I royally fucked up and bought 24500 Aeropostale stocks at $.255 dollar a share for around $6000. Yes, I'm an idiot, okay, but Pablo the store manager told me they were turning it around and implementing new strategy. + +Anyway, so, it looks like Aeropostale is looking to file 11 bankruptcy and their stock has gone down to 6 cents each and has now been moved to the OTC. From my understanding, if they file bankruptcy since I have common stock I have nothing, if I sell I have $1,666, but is there something I am overlooking? How can I hedge my losses in the best way possible? + +tl;dr 20 year old investor, acknowledged mess up, $6000 investment now $1666, options? + +edit: thank you for all the feedback! I have fortunately had great success as a young investor and understand the win some lose some concept, but I figured I would ask for any recommendations. Thank you all! + + +# 2008's 'The Great Recession' + +Yes, I traded through it. I remember those days very clearly now. Everybody was scared. Literally everyone - [except for Volkswagen longs](https://internationalbanker.com/history-of-financial-crises/the-volkswagen-short-squeeze-2008/). + +&#x200B; + +# 2022s 'The Great Reset' now entereth the chat + +Yes, I am trading through it. My perception is very clear now. Everybody is scared. Literally everyone - [except for GameStop longs](https://franknez.com/gamestop-announces-stock-split-in-form-of-dividend/). + +&#x200B; + +# 💎 Just Look at the Data: GameStop of 2022 will compare with Volkswagen of 2008 ✋ + +From the VW article above, this quote speaks volumes: “I have hedge fund managers literally in tears on the phone. Nothing prevented the painful losses from being incurred by those short sellers who ended up having to close out their positions at stratospheric price levels." + +Yet, [a recent investigation reveals how the vw short squeeze 'distorted' the stock the market](https://today.ku.edu/2021/11/02/investigation-reveals-how-porsche-vw-short-squeeze-distorted-stock-market). This implies a measurable level of causality. So let's look at the 2008 NASDAQ compared with 2008 VW. + +&#x200B; + +[Prior to the inflection point, NASDAQ began falling hard](https://preview.redd.it/rm3nnzz7wyv81.png?width=949&format=png&auto=webp&s=e8016ccc97a2be841fa5f5893e7faa34c0076648) + +[Just after the inflection point, VW began rising hard](https://preview.redd.it/idh6c444wyv81.png?width=948&format=png&auto=webp&s=7cfe8ea76bbd22b87ae575e20d12d638ec29288f) + +TLDR: I think there is a causal relation to the nasdaq falling and the short squeezarooski. This makes sense, because hedge fund managers have to liquidate other assets to buy to cover GameStop. So, it doesn't matter what comes first: the chicken or the egg. They happen together. + +Today, the NASDAQ fell 4%, which puts us at the beginning phases of the GameStop squeezarooski of 2022. This is my strongest academic opinion. +I can’t work out if my nhs pension is a good deal or not. From my last statement I think I get £9,000 combined. + +I currently work as a band8, income is fixed due to nhs pay scales. + +But they aren’t traditional pensions like the private sector are they? + +I can’t work out if I should stay in the public sector. More specifically the NHS. +I read u/possibly6 (Elliot Wave Guy) update from today and the SPY puts being Citadel's largest position, along with all the others holding those same puts, got me thinking. + +They obviously see the coming crash, to think they haven't seen it coming far longer than us, is criminal self-deception. They are preparing to make as much money on the way down as they possibly can. + +On the way down in a collapse they created. They are going to make even more money after they cause the market to implode. Let that sink in. + +Even if they didn't do anything that lead to the collapse (hardly likely), they stood by and did nothing while the rest of the industry went right ahead and fucked main st and ruined lives, again. When you stand by and let illegal things happen when you are in a position of responsibility, you are just as complicit in the crime being committed as the actual perpetrator of the crime. More so if your job is to stop said illegal activity and you knowingly let it continue. (Looking at you SEC and Finra) + +FUCK + +THESE + +FUCKING + +FUCKS + +EVERY + +FUCKING + +LAST + +FUCKING + +FUCK + +To any employee inside one of these firms that could actually blow the whistle on these guys, be the hero humanity needs. Gather all that damning evidence and release it onto the internet before you go into hiding. +EDIT 3: There are a number of comments stating various degrees of info or “warnings” from Fidelity and this only represents my specific experience yesterday. + +Fidelity is still my broker and this is not meant to be anti-Fidelity in any way. + +EDIT 4: “Liquidity” as many have pointed out, doesn’t really mean what the rep implied on the phone. Computershare is NOT a broker so the “liquidity” (in this I am assuming they mean the money needed to fulfill the order) doesn’t come from Computershare. It comes from the buyer. + +PLEASE CORRECT ME if I am misunderstanding, but essentially, “liquidity” isn’t really a concern and may just be CYA stuff. + +EDIT 5: as u/TheHobo101 pointed out, “liquidity” most likely just means Computershare doesn’t sell your shares instantly or quickly because they aren’t liquid. + +If you take your tendies to a Credit Union, here is a great post on what to look for: https://www.reddit.com/r/Superstonk/comments/peq62s/credit_unions_and_how_to_research_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Original Post:** + +When Ian answered and I told him I wanted to DRS, he asked me why (not literally "why", but "why" in the call-center-lingo way). I repeated myself basically and he said that before they can process the request, they need to go over some "information" and "warnings" first. + +Information: + +* "Fidelity doesn't short Game Stop" and "Fidelity isn't involved" +* "Fidelity doesn't lend your shares." + +Warnings: + +* "Computershare doesn't have the same liquidity." +* "Computershare has a selling limit" - Funny enough that they think $1M is possible +* "Computershare isn't meant to sell or buy" paraphrased a little but that what the gist +* "Computershare has fees for trading" + +**I did not bring any of these topics up.** I literally only said "I would like to direct register my shares with Computershare". + +He also made a couple of offhand comments implying that people may have the wrong understanding of Fidelity and they had to update their website to reflect those details. Sorry I don't have it verbatim, so I guess you just have to trust this idiot. + +I have pretty bad phone call anxiety especially when it's something I am not confident in, but I kept seeing how easy it was so I gave it a shot. + +Ian wasn't rude or pushy, but it wasn't as "seamless" as my anxiety hoped for. I admit I was a bystander at first, and part of my lack of action was anxiety. I didn't want to justify or navigate this at all when a "professional" is telling me otherwise. + +&#x200B; + +Anyway, all but 5 shares are heading to Computershare so I can finally sleep at night knowing I aint a bystander. + +EDIT: Someone asked me about Computershare’s Fidelity’s comment. https://i.imgur.com/ZvzwPHx.jpg + +**I am merely posting so they can get their doubt quelled but I think this could appear as FUD so stop reading here if you want.** + +From u/janetfknsnakeholes +Text: + +*Ape, I’m a hardcore lurker and suck at being a karma whore so I cannot post. + +In your post, the Fidelity rep warned that CS did not have the same liquidity. I looked at their balance sheet (I don’t really know which number to look at) but I don’t think they have a trillion dollar balance sheet like Mark Cuban said to find. + +So now I got some fear in me that they may not be able to pay out when it gets really high. I got 230 heading over from vanguard and wanted to do the rest once they showed up, but now I’m hesitant. + +I don’t recall any posts mentioning CS balance sheet or a liquidity issue. Can you ask the brethren if anyone has done research into this or should I not worry since CS shares aren’t supposed to be sold?* + +EDIT 2: +Response from u/alex_co + +https://reddit.com/r/Superstonk/comments/pxkynz/_/heopyxp/?context=1 + +Text: +*Commenting on the edit from the post: +Computershare doesn’t need the trillions in assets to pay us. The money comes with the shorts, dtcc, fed. Computershare isn’t the one paying for the shares, just like Fidelity and Vanguard wouldn’t be paying you. They’re just the middlemen between you and the buyers. +The trillions in assets is simply to ensure they won’t go bankrupt, as could happen with Robinhood. But CS is not going bankrupt because they don’t engage in any sort of risky trading. They simply manage stock shares. They aren’t an investment firm. +But none of that should matter if CS shares are for the infinity pool and shouldn’t be sold. Selling CS shares only inhibits the MOASS. At least until all non-CS shares have been closed.* +I was reading the post about someone who was getting flabbergasted that everyone in their life they considered intelligent would reject the thesis. Wouldn't even consider it. I couldn't help but think, "First time?" + +It made me realize that none of this would have been possible without reddit. There is infinite money on the other side. Money whose sole purpose is to make you feel crazy. To mix in as much conspiracy with DD as possible. Subtle and not so subtle to better hide the subtle. I think back to how vulnerable I was to this for several months. Far too long. I would have all the DD, and all the knowledge and yet I would STILL doubt. I didn't want to be a crazy conspiracy theorist. The problem is no one thinks they are. So I wondered if I was one of those. That maybe these intelligent people could see it and it was too late for me. + +Reddit helped me to realize I'm not alone. The amount of DD, good and bad, learning the ability to differentiate between the two. Seeing everyone else struggle with the same things I was. It was all part of the journey. A journey I didn't take alone. It took far too long, but I've reached a place of zen. I'm sure most apes who have been here since the early days have reached this point. To the new apes, buckle up lol. You'll get here eventually. + +But we're not first. Not by a longshot. The Blockchain community have been here. Since 2008, they recognized the need to reform the financial system. They have speculators, equivalent of day traders for them. People who are there to get rich quick. But there is an underlying ferocity in that community. They've been working on this since 2008 to reform society’s plumbing, the financial system. They are the ones that created the new system we all want to move to, that we need to move to. This is where I'll be focusing my efforts for the rest of my life. I now know what the fight looks like. Solana (Blockchain's popcorn), the Bitcoin Cash FUD campaign that killed the future of Bitcoin. There is a battle for the future of the blockchain. The future of the metaverse. + +I'll be diamond handing these shares and researching blockchain projects and trying to contribute in anyway. To help us move to a system that will allow us to tackle the problems of our era. Climate change, health care, quality of life, eventually space travel. Once we get rid of these cancerous, resource sucking leeches that we call Wall Street. + +All this is a long convoluted way of saying the price doesn't matter. Reddit posts don't matter. FUD doesn't matter. I'm not in it for the long hall, I'm in it for longer. This is the fight. This is the pivot point for the future of our society. A fight made for gamers. They're so fucked. +I currently hold a state job where I am making about 70k a year. Benefits are great, pension, annuity, union, job security, annual raises, 20 minutes from home are all pros. Cons I work evenings, holidays, and every Saturday. This won't change bc it's a hospital setting so unless I move into a different role. + +I recently got a job offer for a 100% wfh position with an insurance company, weekends off, holidays off, making 6 figures with annual raises. The pros here are obviously especially having children. I'm concerned about job security. What would you guys do? + +Edit: I just wanted to thank you all for taking to time to write responses. I am reading through and many have made great points. I certainly have a lot of numbers to run and thinking to do about my particular situation! +This is a part 2 to my recent DD: [https://www.reddit.com/r/Superstonk/comments/y5rvyw/system\_collapse\_macroeconomics\_fx\_and\_the\_curious/](https://www.reddit.com/r/Superstonk/comments/y5rvyw/system_collapse_macroeconomics_fx_and_the_curious/) + +This is a must read before you read this. I will have a TLDR for this one at the end. + +In addition, I recommend you read peruvian\_bull's “The Dollar Endgame.” His DD is EXCELLENT, and I've personally read it a few times over. It provides the historical context AND the explanation on the dilemma that central banks of the world are currently in. + +# Preface + +I’m not a financial advisor and none of this is financial advice. I’m an engineering background, with experience working in the Oil and Gas Sector. My past experience has involved more technical engineering design and project execution, but now I work in energy commodities. My role focuses around building statistical models (Data Science) in order to understand the energy commodity movements (oil, gas, refined products). I’m not an economist or historian, but I have a particular affinity for that sort of stuff. My experience at work also gives me key insight into macroeconomic drivers, specifically energy. + +&#x200B; + +# A New Lens Into Geopolitics + +World War 3 is being fought right now. Yep, you heard that right. This war however, is not being fought with guns, planes, and tanks (except in Ukraine, bless their brave souls). This is an economic war. In this economic war, countries are using their geostrategic positions in order to prepare themselves for the collapse of the system we live in. Understand this, and you understand the dynamics by the world powers currently at play.   + +There are a few key points that you must understand about history and the system before we move on. The US is the world’s hegemony. This means that the US is the dominant world power. The US has the largest military. It is also the most economically powerful, and has the most political influence over the world economy and in extension, geopolitics. The system in which the world economy was built by the US, and it is this system that they have taken full advantage of. + +After the allied victory in WWII, the US would emerge as a dominant world power. With the US mainland unharmed, the US was and still is the dominant military and economic power. This in part allowed the US to push forward the Bretton Woods system, which was established in 1944, approximately a year before the end of WWII. The Bretton Woods system made the USD the World’s Reserve Currency, which would be backed by gold. + +At the time, this made a lot of sense. The other great powers of the world had their infrastructure completely wiped out due to the war. Through a gold-backed USD, the world would receive a sense of economic stability and growth. The war also put the US in a strategically powerful military position. Have you ever wondered why there are so many US military bases everywhere? A large part of this has to do with the victory in WWII. A lot of the US military bases that had been built during the war would remain in service long after WWII had ended. + +Fast forward to August 15, 1971. The war in Vietnam, the space race, the 1970s energy crisis and other geopolitical factors contributed to rising inflation (wait did I hear energy crisis?). President Nixon would respond by abolishing the gold-standard completely. The USD was now backed only by the promise of the US government. This was the beginning of the largest Ponzi scheme the world has ever seen. An era where the USD was backed by the promise that the US government would pay back its debts. + +Making sure that you understand the history and the utility of this system is key. This system is what has allowed the US to effectively colonize the rest of the world. Their ability to borrow at low rates directly results. Recall that the US is able to borrow at low rates because of the world’s artificial demand for US T-bonds. **This is by design, and the system works as intended**. + +Recall that investors will buy the US Treasury bonds (its debt). Central banks and investors who purchase these bonds are buying the US’s debt (in the form of US T-bonds). This US T-bond is the primary method in which money is created. This means the USD is backed **only by the promise that the US government will pay it back in the future**. + +By buying these bonds, they are effectively investing in the US. As enforced by the World Economic Forum (WEF) and International Monetary Fund (IMF), countries who participate in this system must purchase US T-bonds, and hold them in their FX reserves in order for them to print money. The design of **the system forces anyone who wants to participate in the world economy to use the USD and the American system. This allows the US to borrow at extremely low rates, and systematically creates capital inflow (demand of USD) into the US financial system.** The SWIFT system is a key component of modern banking and by extension, the US financial system. You may have heard of it. It is a network that banks use to communicate and send money. This SWIFT system is the same system that was used to enforce sanctions on Russia at the beginning of the war in Ukraine. + +This system that I described is a system that the world elites understand very well. When you, as an individual investor, understand this system, you can begin to **view geopolitics through a different lens.** In fact, you can begin to better understand significant geopolitical factors at play and understand the chess moves these leaders are trying to make. + +These factors are at play right now on this international chess board. Each country has its own strengths and weaknesses, and is trying to play their own chips. This is why you are witnessing the insane amounts of geopolitical tension in the world today. These tensions are a **direct result of the ruling elite understanding that this is a system that is about to collapse.** The global leaders are putting their chips in place, and **gambling** with poor people’s money (and lives), to try and gain a bigger piece of the pie. + +To summarize what I have presented so far: + +* The system we live in was created by the US because of its dominant role both militarily and economically after WWII. +* This system abandoned the gold standard on August 15, 1971 by Richard Nixon. This is when the USD was no longer backed by gold, and the US government was now able to freely print money. This money printing happens via selling US Treasuries (US government backed bonds) +* This is a system that is about to collapse +* This system is a system that the global ruling elite understand well and are trying to take advantage of + +Understanding this system, and you’ll see that many significant events throughout recent history can be viewed at with a different perspective. This perspective being that they are all plays to try and put the country in the position to be successful following the collapse of the American Empire. I can expand on this in much more detail, but instead of boring you with all the news, I’ll summarize some at an **extremely high level** some of the actions different countries took. + +&#x200B; + +[ China's ambitious plan to establish trade corridors ](https://preview.redd.it/4op4o0w71ou91.jpg?width=1200&format=pjpg&auto=webp&s=f8e18ae826f21123b2b7796f033500aca8996d5b) + +One example of this is China’s Belt and Road initiative. This was a massive infrastructure undertaking, aimed at increasing China's reach and more specifically, energy and food security. Due to China’s extremely weak geostrategic position, it is has weak energy and food security. To rectify their deficiencies, China invested in many developing economies and emerging foreign markets. The success of this project is questionable. Some argue that it is was/is a complete failure. For example, China forced countries such as Sri Lanka into a “debt trap” in which China makes large loans to a country that will never be able to pay it back. This effectively traps them in debt, and bankrupts the country. If you think this is evil, you’re right. China is economically colonizing the countries it is lending to. This lowers the standard of living in that country, and raises the standard of living in China because that country is forced to invest in China. **This is no different from the US and the USD. The system created at Bretton-Woods systematically allows for the US to economically colonize other countries. The International Monetary Fund (IMF) and World Economic Forum (WEF) are predatory, imperialistic organizations that trap Third World Countries into unpayable debts.** + +This is a system that Putin and other elites understand well. Take a look at the below figure. Between 2017 and 2018, Russia decreased the amount of USD in its reserves (selling US T-bonds), and most notably, increased its holdings of Chinese Yuan. + +&#x200B; + +[Russian Central Bank Reserves 2017 vs 2018](https://preview.redd.it/4nc8jwty0ou91.jpg?width=608&format=pjpg&auto=webp&s=2d3628cc89d52bf93fe63f45317b233473de5ba4) + +&#x200B; + +[China trying to introduce CIPS. CIPS is basically an in-kind replacement for SWIFT, based on the Chinese Yuan.](https://preview.redd.it/1jqmdic61ou91.png?width=1259&format=png&auto=webp&s=25cafc5aeb5b0e2b6f4772a6a41d2651b537efe9) + +Are you starting to see the bigger picture here? Let me explain further… China, Russia, and many countries of the world are preparing themselves to take advantage of the collapse of the American Empire. They are seeking to put the **systems** (CIPS) and **infrastructure** (Belt and Road Project) in place to take advantage of this systemic collapse and come out the other side stronger. China, Russia, and the other leaders of the world understand this. These leaders are shaking up in the geopolitical landscape (Ukraine war, energy crisis etc) with hopes that it will thrust them into replacing the USA as the world’s hegemony after a systemic collapse. + +**They are attempting to define the new system.** I’ve only mentioned Russia and China so far, but keep in mind that they are not the only players. In fact, this is a global game where every country is involved. The other significant players that do not include The West are Brazil, India, and South Africa. Together, Brazil, Russia, India, and South Africa form (**BRICS).** + +&#x200B; + +[Picking sides... will they go with the West or BRICS? Who will come out on top?](https://preview.redd.it/71ddnzo91ou91.png?width=588&format=png&auto=webp&s=d974abe68d8ef212009a9e042fcb0383a0ddcbe4) + +Through this lens, you can view geopolitics in a different way. It is the anticipation of a systemic collapse that is directly responsible for the increased tensions in governments across the world. The actions taken by the ruling elite are a direct result of their understanding that this is a system on the edge of collapse. If you know anything about history, **where there is chaos, there is** ***opportunity.*** + +Now that you have a new lens in which you can view geopolitics, **you can now understand the weapons and tools each nation has at their disposal to fight this economic war.** In my personal view, there are two weapons that are the most significant; energy and the USD. In this DD, I will focus only on the energy piece. + +&#x200B; + +# The Energy Crisis + +Access to energy resources are fundamental to the development of countries. This is observed in both recent history and all of human history. This is the exact idea that is captured by scientists in the “Kardashev Scale.” The Kardashev scale is a method of measuring a civilization’s technological advancement. + +https://preview.redd.it/odd8irjb1ou91.jpg?width=850&format=pjpg&auto=webp&s=fc02a5340854ea97801a25e9d0dccfe398a69a7b + +This by extension is also observed in recent times. Greater access to energy directly correlates to a higher standard of living. + +&#x200B; + +[Human Development Index vs. Energy Consumption per capita](https://preview.redd.it/rnkejlfd1ou91.png?width=478&format=png&auto=webp&s=262a91d341184f1fa81bba549e53024d7570059f) + +As you can see, as energy consumption increases, so does the Human Development Index. This is because energy allows us to do work, without actually putting any human resources into it. The more energy you have, the more you are able to do without investing human capital (people doing physical work). + +So what does this energy consumption look like in terms of actual resources? Well, it varies over time. + +&#x200B; + +[Electricity generation by power source](https://preview.redd.it/pkyxkz0f1ou91.png?width=663&format=png&auto=webp&s=e464581b221dff478f5c0ac4cb8d6524bffcc016) + +The above chart is a figure of the **different sources of energy used for generating electricity.** This is key to understand. Energy doesn’t just come from each of these resources directly to your home. What I’m trying to say, is that you can’t just install a mini-nuclear reactor in your home and just get on with it. One of the key focuses of the energy crisis is **infrastructure.** The infrastructure piece is **key** to understanding the risks and limitations of the energy market. The demand side is fairly simple, relatively speaking, which is dependent on consumption. The supply side is more complex and nuanced, but does not carry nearly as much risk as the infrastructure piece (transport, storage) which I will get into more later. + +Energy is heat. Heat does work. Many different resources can produce this heat at **varying costs and efficiencies.** These resources come in different forms, meaning that there are **different risks and limitations associated with each energy resource.** The cost, efficiency, and accessibility of an energy resource therefore determines its effectiveness. We can simply the effectiveness of energy resources into two things: + +1. **Cost**: Is the energy resource cheap to produce, transport, and store? +2. **Accessibility**: how abundant and obtainable is the energy resource? + +[US Energy Consumption by source over time](https://preview.redd.it/62228k9g1ou91.png?width=627&format=png&auto=webp&s=db0142d4d32edf3b708bdb553c67f00b01a5afb9) + +Take a look at the above chart. This is showing the total US energy consumption by energy resource throughout history. One could make the argument that the total energy consumption has increased because the population has increased. This is true, so it is important to look at other factors. Take a look at the following: + +[Life expectancy over time](https://preview.redd.it/4uninn1i1ou91.png?width=3400&format=png&auto=webp&s=e3b951e74b18c316f34bb9c540eca81db9c86ca3) + +You can make the direct observation that **an increase in energy consumption resulted in higher life expectancy.** Of course, correlation is not always causation, but both history and scientific observation prove that energy access directly results in an increased standard of living. This is because energy is foundational to our life. It is foundational to our systems, powering and heating homes, and powering our cars. More recently, in the last 20 years, this energy is used for computation. This energy used for computation powers our systems and allows society to build new technologies. + +Energy, specifically electricity, is used to power our computer chips that are running the systems we enjoy today. These computer chips are **critical** to technological advancement. They give us the ability to run complex computational models that are responsible for so many different components of our lives. These systems we rely are all run by energy and built using energy. + +Presently, and in the future, these computer chips, and access to energy are incredibly important going forward. + +&#x200B; + +[part of the economic war](https://preview.redd.it/6dfkkic45ou91.png?width=1224&format=png&auto=webp&s=7682dc2bfa4a2759cf5a75e46f638bbdbc40e3d2) + +This is why these chip companies (TSMC, AMD, NVIDIA, Intel) are critical to development and also why US’s sanctions on China are so significant. This is just another piece of the economic war that is being fought today, but I digress. + +**The cost and accessibility of energy directly correlates to the standard of living of a country. Cheaper, accessible energy can be used as an indicator for a country’s development and economic strength. Electricity (energy) is the foundation of our society. It powers the processes and systems that we enjoy so freely. Cheap and easy access to energy is foundational to the standard of living and development of human society. This is observed in history, and theorized in science (Kardashev Scale).** + +# How Oil and Gas Work + +The Oil and Gas Industry is incredibly complex. Each stage of the process from getting it out of the ground to heating your home presents its own unique challenges. These challenges are usually material in nature, meaning that it is dependent on geographic/geologic location and infrastructure. + +Oil and gas are chemically the same thing. It is a hydrocarbon. Hydrocarbons are organic molecules, bounded together by chemical bonds. These organic molecules are hydrogen and carbon. The combination of these molecules determines if it is an oil, or gas. To be more specific, the combination of these molecules determines the chemical composition of the compound. The chemical composition of the compound determines its properties. At the surface, these compounds will exist as either liquid (oil), or gas (natural gas). When combusted, these chemical bonds break to release heat which we convert into electricity. + +Hydrocarbons are found underground, usually in a fluid state (gas or liquid), and rarely in a solid state (where it is mined). These underground locations are called reservoirs. Together, a bunch of reservoirs make up a play. This is what you observe on the Earth’s surface as oil or gas fields. Under the oil/gas field is a play, composed of multiple reservoirs. Each of these reservoirs produces gas, oil, or most often combination of both. + +&#x200B; + +[Map of US oil and gas plays](https://preview.redd.it/dowfeqdo1ou91.jpg?width=3275&format=pjpg&auto=webp&s=b6dddcacc53c42bc7d804ab30c0e1d962e7fad34) + +This is a map of the plays in the US. These plays exist all over the world. Each play represents their own challenges in production and market access. In fact, even reservoirs inside plays are very different from each other, and have their own challenges or opportunities. This is true all the way down to the lowest level of oil and gas supply, which are wells. If you have worked in oil, you will know that every well is different. This can be explained by the complexity of the processes required to extract this oil and gas from the ground. + +There are unique challenges and opportunities associated with each play. This is largely determined by the product it produces, the **geological location** (where it is underground), and the **geographical location** (where it is in the world). + +These factors all add up to a complex industry that is the O&G. Knowing this, you can now understand why **infrastructure, geography, and geology,** are so important to hydrocarbons. This is true as we start to compare the **cost and accessibility** of each oil and gas producing nation in the world. + +&#x200B; + +[Operating cost and oil production of different countries](https://preview.redd.it/ayfcj3sm1ou91.png?width=1743&format=png&auto=webp&s=3d0dcce974ab14d15093e1e57918a51a9aa57774) + +The geographic location of a country (and by extension the geological location), determines its cost to produce **(cost)** and its abundance (**accessibility).** Take a look at the above chart and you will observe that there are a few countries that stand out. Russia and Saudi Arabia are two that are extremely key to note. You’ll see here that operating cost is low, and oil production is significant. The US isn’t doing too bad for itself either, but I really want you to understand the relationship between cheap and accessible. + +Before we continue, also make the mental note that there is pretty much no significant EU presence in oil production. In our current status quo where oil and gas is the cheapest form of abundant energy, **EU is dependent on the rest of the world to supply it with energy.** + +Take a look at Canada in the above figure. Canada is a significant producer of oil, however, the cost to produce this oil is extremely high. This is due to several factors. The first being that Canadian oil and gas is both harder to extract from the ground, and to process. These are purely **geological reasons**. Additionally, after raw oil and gas is extracted, it requires more work to be processed. These challenges all contribute to a **higher operating cost**. More processing means **more infrastructure** needed (processing facilities, gas plants etc). This introduces both higher costs in labor to operate the facilities, and in engineering design. + +**Once this oil or gas is produced, it needs to be processed.** Water, impurities and unwanted chemical residuals are removed before it can be shipped out. If this product is oil, then the processed product is called **Crude Oil.** This name can be a little deceiving, as crude oil makes it seem that it is the first step of the process. **Crude Oil** is given to the name of oil that can be bought and sold on the market. Crude oil is used and purchased by refineries in order to produce jet fuel, kerosene, gasoline, and other refined products. The name of oil that comes out of the ground is different\*\*.\*\* + +This specification is defined by the market. You have probably heard of different types of oil, say... WTI, Brent. These are just specifications of crude, and they trade at similar but different prices. **The specification of the oil is dependent on its geography/geology.** Crude oil is a generalized name given to oil that you buy on the open market. This oil has a different spec, depending on the type of oil you want to buy. In North America, it is the responsibility of both the producer and the shipper (by pipeline, truck, rail, or boat) to ensure that the product is on-spec before it is sent to market. + +**In the oil and gas industry, your profitability is dependent on geology and geography.** Therefore, when looking at the supply side (production of oil and gas), we can conclude that **the cost and accessibility of this energy resource varies by country.** + +[Map of pipelines](https://preview.redd.it/wu2mwwta2ou91.png?width=726&format=png&auto=webp&s=192debb14e52e382d64773e5c8db6deeb011437b) + +Additionally, the transport of Oil and Gas also requires infrastructure. The safest and most cost effective way of doing this, is via pipeline. Therefore, we can conclude that **the supply and consumption of oil and gas resources are dependent on the infrastructure available.** A great example of this is in Alberta. + +&#x200B; + +[Alberta gas price \(AECO\) vs. US standard price \(Henry Hub\)](https://preview.redd.it/x1puv1tp1ou91.png?width=954&format=png&auto=webp&s=afb65fbd00c42a1e0b8ec2cd3b3f2ba705c0a26a) + +Let me explain to you what you are looking at. Henry Hub is the benchmark gas price used in North America. It is traded out of Louisiana, on the Chicago Mercantile Exchange (LOL FAMILIAR?). A significant amount of gas contracts and derivatives are traded out of the Chicago Mercantile Exchange. The other exchange is the Intercontinental Exchange (ICE), which you also may have heard of. These exchanges where Gas Futures and Oil Futures are traded, are **foundational to our energy infrastructure.** It’s also a **systemic risk** if it blows up. + +When you look at the above figure, you will notice that AECO (the name given to natural gas produced in Alberta) is sold at a significant discount when compared to the benchmark price (Henry). The reason for this is simply **market access**. Alberta has the capacity to produce more gas, but it is unable to sell it because the **pipelines are all full**. Canada has used up pretty much all it’s natural gas pipe export capacity. This means that Canadian gas producers must **limit their gas production (by shutting down facilities), because there is an infrastructure limitation.** + +You see here that an **oversupply of Alberta gas (AECO)** was constrained by infrastructure. This resulted in a drop in prices. **The very same conclusion can be made on the demand side.** + +**You can therefore attribute energy security of any particular nation with its ability to access cheap and secure oil and gas. This energy security is dependent on the geography and geology of where that country is located. Some countries have no access to oil and gas. This means they must import it from somewhere else. These countries do not have energy security.** + +Even though Alberta gas is **cheap and cost effective,** it is **not accessible enough** because of infrastructure limitations (aka, pipeline constraints). These constraints can provide a bottleneck anywhere along the system. This is the reason why Europe can not quickly or easily import more gas. + +**Infrastructure limitations leave some countries extremely exposed to energy deficiencies. This is something that Putin and OPEC have taken full advantage of.** + +\* \* Note that **gasoline** and **natural gas** are **two different resources.** Gasoline is a refined product. It is made from refining crude oil, and exists in a fluid form. You put gasoline in your car. Natural gas is methane. It exists in a gas form. If your house uses gas heating, it is using natural gas.  Most industrial processes depend on Natural Gas. + +&#x200B; + +# Energy as a weapon + +The following headline popped up earlier in September, but was left largely unnoticed by Superstonk. + +[Headline is from September 6, 2022](https://preview.redd.it/tmeqo3nj1ou91.png?width=1218&format=png&auto=webp&s=c59534e5ab7bd7cadf415987959414ba0e7fdd9f) + +I’ll break this down as simply as I can without getting into the nuance of what factors drive energy commodity prices. As I mentioned earlier, commodities, specifically energy commodities, are usually traded on CME and ICE. These are derivatives. In fact, the most common derivative that is used is a **Futures Contract**. This is exactly the same as the futures contracts that you are probably already aware of. [Futures](https://www.investopedia.com/terms/f/futurescontract.asp) are a legal agreement to buy or sell a particular commodity at a predetermined price in the future. These derivatives are effective because they allow for producers and consumers to hedge their risk, which is fundamental in price movements. + +When an energy firm sells natural gas via a futures contract, they have to put up collateral. This collateral represents the guarantee that they will deliver the gas at some point in the future. The amount of collateral, depends on the value of the contract, which is dependent on the underlying. In this case, the futures contract is a natural gas contract, so the underlying asset is natural gas. This means, the contract is dependent on the price of natural gas. When a producer of oil or gas commits to selling gas, they must put up collateral. This is so they don’t decide to just rugpull the counterparty who is buying the gas and pull a fail-to-deliver. + +When the price of natural gas goes up, these producers must put down more collateral. Being energy companies, whose business is focused on energy production, the industry doesn't exactly have $1.5 Trillion in their pockets to just put down as collateral. This is what happened in Europe. + +&#x200B; + +[EU Liquefied Natural Gas Prices](https://preview.redd.it/a08ns1ms1ou91.png?width=755&format=png&auto=webp&s=9c451ee95f029c6de3118163d598b74904971579) + +LNG is basically natural gas, compressed into a liquid form so that it can be transported over the ocean via boat. You can see pretty much exactly when the EU energy market got pushed to its limits (August 26, 2022). Given geopolitical context of the war in Ukraine, **you are basically looking at a figure of natural gas being used as an economic weapon.** What’s the result? Well... bailout, and we both know how well bailouts are improving the inflationary environment. + +&#x200B; + +[Emergency liquidity instruments? that's a complicated way of saying bail out....](https://preview.redd.it/5a8pd0fw1ou91.png?width=729&format=png&auto=webp&s=736b0ce5bc8f9ebe1107fe9854f7ac35e5fc35ef) + +Companies who are oil producers (US examples are Shell, Chevron, Exxon etc) must market their oil and gas resources. To do so, they sell them in a futures contract, with the promise to deliver the underlying commodity in the future. In this legal tender, the seller of the commodity must put down collateral, which is dependent on the price of the underlying commodity. So what happens if Natural Gas prices go to the moon, and you don’t have any money? Well… failed margin calls. In fact, $1.5 TRILLION worth. + +The increase of energy prices can also be observed at home in everyone’s wallets. This is partly why the UK government has put a price cap on energy (funded by debt). This is also one of the reasons why the US/EU attempted to put a price cap on energy. + +&#x200B; + +[October 16 headline](https://preview.redd.it/npb9uw9y1ou91.png?width=1239&format=png&auto=webp&s=7e9b043c604158559cbba3973418d56c9327da28) + +This price cap was intended to reduce the inflationary pressure from increasing gas prices, and make a dent in Russia's profits which were being used to fund the war. This inflationary pressure is increasing the rate at which we approach a breakpoint in the system. If you have read "The Dollar Endgame", you will understand that inflation can be driven in [two ways](https://www.investopedia.com/articles/personal-finance/073015/understand-different-types-inflation.asp). The first being fundamental money printing, and the second being “cost-push inflation”. + +Cost-push inflation is the general increase in costs of production, which drive an increase in prices, which in term inflates the prices of goods. This is a cycle that can feed on itself, where prices rise, and then wages must rise in order to maintain the status quo standard of living. + +**Either way, the increase in the cost of producing goods and services is a significant inflationary factor that is applying pressure on our system.** **It is accelerating the rate at which our system is collapsing. This is why the weaponization of energy resources is significant to our economy and market system. This is key to the economic and geopolitical war that is currently being fought by the clowns that run this world.** + +&#x200B; + +# What about GameStop? + +Because I am going to get some questions about what this means for GME, I will try to share my thought process. + +Based on social and economic factors we are witnessing today, the world is about to enter a period of rapid change and chaos. + +[Tomorrow?](https://preview.redd.it/bvnbiv702ou91.png?width=576&format=png&auto=webp&s=95a5601cad653b44675a3c8ba5231538e3456492) + +History shows us that, where there is chaos, there is opportunity. There is opportunity for change, and for great people ^(or apes) to rise to the occasion.  **This is true for ALL OF HISTORY, so it must be true for the future.** + +What I believe we are observing is the complete breakdown of the system, socially, and financially. Governments are hanging onto power, with some countries already in crisis (Iran, Sri Lanka, Bangladesh, Pakistan to name a few...). The Chinese are resentful of their own government. The one child policy has created a demographic crisis, and the handling of the Zero Covid Policy is causing the people to rise up (MSM not entirely reporting on this). In Russia, you have a failed and humiliated military committing acts of terrorism. Russian people are leaving the country in waves, resulting in significant brain drain. The citizens of The West are aware that the governments do not work for the people. + +When the system collapses and the money in your bank account vanishes (deflation, destruction of the banking system), or becomes worthless (hyperinflation), people around the world will lose **COMPLETE FAITH** in their government. Some might even be angry (understatement?) + +It’s my belief that the wealth and social gap have grown to such an extent that **most standing governments will collapse with the system.** The Chinese and Russian people will not allow their current institutions to remain in power because of their own internal struggles. Yes, these leaders will try to hang onto power and there will be violence and death, but I think that the poor people of the world will not stand for war and violence. The age of internet and social media will not allow for this to happen. + +This leads me to Gamestop and MOASS. The precedent that apes will set, destroying Wallstreet and exposing their crimes will set a precedent. **Gamestop and its partners are also strategically positioned to take advantage of this.** Blockchain provides the technology needed for the system that will replace the current one. This will result in an equal, new World Reserve Currency. This can be BTC or ETH, but it will be decentralized and deflationary in nature. Because of the crimes that apes will shine light on, and the transfer of wealth to apes (money is power), the world will follow America’s lead into decentralization. ***This is my own personal conclusion.*** + +**If the banking system will cease to exist, then we must be our own bank.** + +TLDR: + +The current system that we live in today was created because the US was the world’s dominant power at the end of WWII. At that time, this made sense, because of American military and economic might. This system, through the USD, WEF, and IMF give the US economic dominance over the rest of the world. This system is a system that the elites understand well. By understanding this, you can view geopolitics through a new lens and you can make sense of the economic war that is being fought. + +Energy consumption is key to a country’s growth and development. The most accessible source of energy presently is oil and gas. This source of energy has limitations, depending on the geology and geography of where its produced. In fact, the entire infrastructure has limitations. This is why certain regions, especially Europe are so dependent on energy imports. In a free market, when the supply of an asset goes down, given the demand stays the same, the price of the asset will rise. These gas supply cuts to Europe raise the price of energy. This energy is a feedstock to almost every product or process, and applies significant inflationary pressure on the system. This weaponization of energy resources has resulted in bailouts, and contributes to the increase in cost of living. The weaponization of this energy resource is accelerating the world towards a complete financial meltdown and systemic collapse. + +edit: messed up some formatting and grammar. I'm not a writer so hopefully it's mostly error free. + +edit 2: edited some more grammar and formatting, thx for reading! +so i have a account with TDA with mid 6 figures in it but a cash balance of only about 9k. I bought and sold a couple options contracts tqqq and qqq, and now i just got a pop up from TDA saying if i buy another position and close it today ill be flagged as a "PDT". I thought once you had over 25k total in your account that didn't apply anymore, or is it speaking specifically to liquid cash in your account at the open? + +i do not want my account frozen for 90 days, but i didn't think i would have any trouble with this size account. +I've been throwing around the idea of being doing a deep dive on Z1P as it stands now, but because the chatter is often around Z1P in comparison to APT I thought it was better to frame up a legit discussion surrounding the key differences between the two companies as an investigation into whether or not there is actually a significant discrepancy between how the market is valuing them.  + +(Note: this is a pretty top level outline and my first time doing anything like this so sorry if I missed/misinterpreted anything. Obviously DYOR) + + +Z1P quarterly report key highlights for last quarter: + +* Revenue of $102.0m (up 88% YoY) +* December revenue of $40.2m (up 94% YoY) +* Transaction volume of $1.6B (up 103% YoY) +* Customer numbers up almost 100% YoY +* Equity raise of $176.7m to fuel US growth +* Info regarding upcoming updates about ZIP Business - including Trade and Trade+, and a partnership with Facebook (it appears as though just in Australia to start with) + + +Z1P US subsidiary Quadpay key highlights: + +* 915k customers joined the platform with the app downloaded 1.8m times +* Chrome Extension launched in November (INDUSTRY FIRST) enabling customers to pay on any website - essentially uses a virtual Visa card, super clever application +* Among their new merchants is Newegg for all my fellow computer nerd autists + + +ZIP Net Bad Debts and arrears: + +The report goes in to this more, but just to highlight it briefly comparing 31st of Dec 2020 to 2019 - Arrears is down by .63%, but bad debt is up slightly by .25%. Not a massive change in either figure, but an important highlight considering revenue has grown, so the dollar value of these numbers has grown. As money is essentially the raw material used by BNPL firms it's essential to consider these figures when comparing to APT. + + +APT gross loss at end of FY20 was 0.9%, which translated to $94.5m - a change of -0.2%, but due to increased revenue an increase of 61% from 58.7m in 2019. + + +Comparison of Market Cap (all values accurate at time of writing): + +Top Level Value - Z1P: + +* Shares Issued - 552,322,326 +* Market Cap - $4,026,429,902 +* Share price - $7.29 + +Top Level Value - APT: + +* Shares Issued - 285,155,191 +* Market Cap - $41,099,417,679 +* Share price - $144.13 + +If your sole metric for valuing a stock price is market cap and shares issued, then sure, Z1P should be trading somewhere in the $70-80 range... but we all know that is a ridiculous statement. + + +We all saw the recent AFR article about ZIP allegedly being "significantly undervalued" when compared to APT. The main points of the article were that APT has 2.6 times total transaction volume when compared to ZIP, but APTs market cap is 11 times bigger than ZIP. Again, it's weird to take a single metric and use it as the defining factor for comparison. In my view, there's three key metrics that are important (but again not definitive) when talking about an BNPL company - they are revenue, total transaction volume, gross margin. + + +In a sentence, this is why I think these three metrics are the top line key numbers to look at: + +Revenue - obvious key indicator of underlying performance. + +Total transaction volume - In my mind, this is a useful metric to assist in judging market penetration and brand recognition when comparing to other BNPL companies. + +Gross margin - How much money a company is accumulating  + + +Gross Margin: + +* Z1P - Approximately 33% +* APT - Approximately 74% + +Revenue (FY20 reports) + +* Z1P - $157m +* APT - $519m + +Total Transaction Volume (FY20 reports) + +* Z1P - $3.2b +* APT - $11.1b + +TLDR: APT significantly outperforms Z1P with higher revenue at a higher gross margin allowing them to drive more capital in back in to the business to facilitate growth. When comparing the two companies it is reasonable to see that APT should be trading at a significant multiple when compared to Z1P. The real question should be is Z1P undervalued as an individual company, sans comparison to other BNPL firms. + + +In my opinion, the fundamental growth in revenue and transactions that Z1P has seen, with the additional resources from the cap raise to fund growth in the US market, as well as the launch of the Quadpay Chrome extension are all key reasons why the Z1P share price should be higher than it currently is. How much higher is hard to say and the above statements are excluding the obvious fact that the two companies have different offerings in the BNPL space. + + +What range do you think Z1P should be trading in? + +Also there is a rumour that Z1P is going to make an announcement about something in February - my guess is probably about Z1P business, or UK growth, but what do you think? +(Source for some of above information was a YouTube video by David Quan: [https://www.youtube.com/watch?v=WQwj1Gx265Q](https://www.youtube.com/watch?v=WQwj1Gx265Q)) +Dormant for many long months. And on the back of no news, and what I can only assume is a rumour, it's jumped ~20% today. + +Anyone got any ideas? Am I being manipulated by the lock dick of the institutions again?!? +Hello fellow morons. + +I'm posting again on SOR partly to wave my dick in your faces, and partly to raise awareness of this stock as a future meme stock for us to lose money on after BRN makes us all millionaires. + +Since I [last posted](https://www.reddit.com/r/ASX_Bets/comments/jklroo/sor_creates_a_selfcharging_printable_battery/) back in October 20, SOR has risen from $0.15 / Share to $0.35 / Share on the back of continued good news from several of its development units. + +The company is a pooled development fund meaning you dont pay capital gains on any profits (but don't get to offset your losses either). + +The fund invests in a veriety of projects notably: + +\- A self charging, printable battery that has applications which range from TV remotes to remote sensors. + +\- Printable memory which can be used in neural networks and make cool looking cyberpunk style displays (here's a [video](https://vimeo.com/386335109/5a8d162249)). This is a collab with the CSIRO and UNSW, but SOR's subsidiary holds the IP and commercalisation rights. + +\- Autonomous Secruity vehicles that are being developed in collaboration with Honeywell + +\- Nickel, Copper, Gold and Rare Earth exploration projects. + +In October last year they completed a capital raise of $5.1m, giving them 2 full years of cash to burn at 2020 expenditure levels. + +Why is it a good idea to get in now then? Well, SOR is moving to commercialise several of its products this year and next. Given the size of the Market for any one of the technology ventures a single success could push SOR to current BRN levels of valuation pretty easily. So despite being up over 100% so far, my feeling is that this still has 10x potential in the med-term. + +DYOR and all that shit. + +EDIT: 🚀 🚀 🚀 🚀 🚀 +I built a spreadsheet that other's may find useful. It allows you to input basic information such as your base salary, living expenses, investments and prospective mortgage and it then calculates your net monthly cashflow as well as what your tax situation would look like at EOFY (including any refund eligible) given the inputs you entered. May be useful to know what you might be able to afford if thinking of jumping on the property ladder. + +In column C you have the option of configuring the following: + +\- Enable / Disable Stage 2 taxable income (i.e. the extension of the 32.5% tax band as announced in the recent budget that's apparently going to apply to this financial year) tables and see the impact this has on your cashflow + +\- Include or not include presence of a HELP debt + +\- Include / not include a leverage tax deductible equity portfolio. + +**\*A note on tax withheld for the Equity Portfolio\***: Unlike with your day job, there is no PAYG withholding system for dividends (there is a caveat to this, see end of next paragraph). As such, the spreadsheet makes the assumption that you will be withholding the exact amount it's calculated (cell F13) as this is the amount you need to withhold to cover all the tax obligations arising from the dividend income in the portfolio given your personal situation. + +For example, say you're expecting to receive $7,000 in fully franked dividends over the year. You would then put $10,000 in column C9 as this is the grossed up dividend amount ($7,000/0.7). Depending on your situation, the spreadsheet might work out you must withhold $5,135 (shown in cell F13) on that $10,000 gross income. Then, the actual amount you must manually withhold would be $2,135 (i.e. $3,000 in franking credits thats already withheld + $2,135 = $5,135). Please note in actuality the ATO enrols you in a PAYG instalment system if your dividend gross income is over $4,000 and makes a best guess on the extra amount you must withhold based on your previous tax return, however, the spreadsheet will tell you exactly how much you need to withhold, and whether you put this extra amount in a separate holding account or send it to the ATO during the year is up to you. The relevance of this is if you don't withhold the correct amount, then you'll just end up needing to pay the difference at tax time and the tax refund calculated in cell F38 wouldn't be correct anymore. + +This spreadsheet is simple and might not apply to everyone. It applies to persons in my situation which is essentially single, day job, and some equity investments with a HECS debt who's looking at buying a property and tells you what your cash flow and tax situation may look like. + +If anything is not calculated correctly I do apologise however I take no responsibility for any mistakes :) + +Link: [https://drive.google.com/file/d/14GFGgo1oHSkmeDdfo1tXWEwP34wM9UCc/view?usp=sharing](https://drive.google.com/file/d/14GFGgo1oHSkmeDdfo1tXWEwP34wM9UCc/view?usp=sharing) + +Please download it as an Excel file (not compatible with Google sheets) + +https://preview.redd.it/jmczm55i9fs51.png?width=1124&format=png&auto=webp&s=3d765e1631b5bfb787f1100cefcf9f93ce6f9b25 + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +It seems Tesla is set to bump the battery capacity of its Model S sedan up to a hefty 100kWh some time in the near future. We know this thanks to the work of a white-hat hacker and Tesla P85D owner named Jason Hughes. Hughes—who previously turned the battery pack from a wrecked Tesla into a storage array for his solar panels—was poking around in the latest firmware of his Model S (version 2.13.77) and discovered an image of the new car's badge, the P100D. + +http://arstechnica.com/cars/2016/03/man-hacks-tesla-firmware-finds-new-model-has-car-remotely-downgraded/ +$MAGI is a kind of RFI Token 🐟 A max supply deflationary token with constant burn from their reinvestment mechanism which makes it suitable for HODLers + +Magikarp Token $MAGI + +# PROS + +\- SPLASHPAPER: The WHITEPAPER for $MAGI. It’s an easy way to understand the mechanics of Magikarp (explained on Medium blog) + +\- The AUDIT and ROADMAP are already up since today! (18/03/2021) Check on Website (link below) + +\- Transparent and open community with a huge team behind it. New Telegram now has 300 members since the old group was attacked with bots. Devs have all been doxxed and they have not failed to answer any questions you might have. + +\- Memes and Collabs: So far, we got two collaborations in 4 days (with Umbreon and Rowket). We are trying to build a Strong Pokemon-based community where it is safe to invest and grow. + +\- Great Tokenomics: Variable fee, max 9% 🌊 Total current fee is 6.5%, 4% of the transaction is burnt and 2.5% is redistributed amongst holders. + +\- Big ideas are already being developed (Storm modeàSee Below, Contests, Lottery...) + +# CONS: + +\- Being early usually means taking risk, and a lot of coins we see being mentioned these days have whales that bought those coins before they had audits and white papers, meaning they all have one thing in common... It takes some risk, but profit will splash sooner or later! + +\- Still not listed in Coingecko and CoinMarketCap. Petition was already sent + +&#x200B; + +FINAL NOTE: MagiChef Lucas is the dev of $LIGHT Protocol which has been extremely rewarding for early investors. As we all know CoinGecko listing caused $LIGHT to go from $0.002 to $0.06 and we expect similar results here. This token is waiting right now for confirmation to be listed in COINGECKO! Application has already been sent! + +&#x200B; + +Official WEBSITE: [Magikarp Finance](https://magikarp.finance/) + +Official Medium and Audit: [Magikarp Madness 2/3!. Splashpapers, Roadmaps, and Audits! | by Magikarp Finance | Mar, 2021 | Medium](https://magikarpfinance.medium.com/magikarp-madness-2-3-7ee36cb54e14) + +Offical TWITTER: [Magikarp Finance (@MagikarpFinance) / Twitter](https://twitter.com/MagikarpFinance) + +Official TELEGRAM: [https://t.me/MagikarpFinance](https://t.me/MagikarpFinance) +I'm loving it. Fundamentally strong company with a healthy dividend. Priced to play, small enough it's easily manipulated though, and we're going into earnings call. +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! + +Am I the only one here who thinks these donuts are getting stale? (see what I did there :P) + +What I mean is: + +1 + +At first it was cool, then it got old really quick + +A. A lot of posts about them... Move to another subreddit cool + + B. Alot of problems. We have polls about voting in polls now. + +C. The method for using and getting donuts is very subpar and reaks of "came up with this token idea in my basement one day". + +To expand on why these are bad methods of transacting and allocating tokens + + + 2 + + A. We never set up a way to regulate or monitor who is getting large amounts of these, who is playing the system, and what moderators can do. + + +B. For example, who owns the communityPoints account? This account has the ability to completely crash the entire system set up for donuts. + + +C. Why are we sending donuts to a bot to get them on a website? Is there no better way? If these have value now I'm trusting some random reddit account with my tokens and hoping they provide them to me on the other end. + +None of these methods for transacting are ideal at all and are backwards to what we are trying to build with the ethereum ecosystem.. + + +3 + +A. Why do these have value now? If the subreddit said "we are making an erc20 for the karma on the subreddit and it has value that can exchanged" everyone would have a hissy fit. Is this the new ethtrader ICO? Moderators get a large chunk, are they trying to make profit from this? + + + +Look, I get it, it was a cool idea and experiment. But it's gone too far now, we have value being exchanged for farmable and exploitable karma points. We have people in power for a token that are not either known or supported as founder/owner of donuts. + +Finally it puts ethtrader at a risk, since people may want to exploit the system for profit. + + +I vote we remove donuts, meaning the subreddit no longer supports them as the "official" anything + + +This isn't new BTW, we could have made an erc20 for every subreddit by now. The reason we didn't is because it reaks of an ICO or way to sell fake tokens to people for real ether. + + + +Finally, if we are gonna do this, do it legitamitely. Get real people in charge, with real expectations, real exchanges supporting the token, and real mechanics to prevent abuse. + + +That's my rant against donuts. Am I the only one that feels this way? + + + + +Forgive the grammar mistakes, wrote this on mobile +This multi-ICO just screams money grab. I would relegate large established companies that have this level of greed with scam and fraud ICOs. There are many legitimate companies and projects that could use even just a tiny slice of the funds that Telegram is taking away from the dwindling pool. + +What are people's thoughts on this? +Hi apes! I'm not a financial whatever, I know close to nothing about money, stocks and even less about cr1pt0. I like one stock. Also, apologies for some dates but the theory requires it. Finally, maybe I’m high on all this $200+ vibe, but hear me out and PLEASE correct any mistake you see. THANKS! + +**🚀 Gamestop Token** + +By now we all know about the [NFT subdomain](https://www.reddit.com/r/Superstonk/comments/nkxrhe/umm_guys_i_think_i_just_found_something/) ([u/bcuzyouknow](https://www.reddit.com/user/bcuzyouknow/)'s post) and the [Gamestop Token](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) (etherscan link). ~~Apparently the tokens to be issued are in pretty much the~~ ~~same quantity as the float available~~ ~~(~~[~~u/Smartch~~](https://www.reddit.com/user/Smartch/)~~'s post).~~ THIS WAS NOT THE OFFICIAL GAMESTOP COIN. + +There is also an issue date of 7/14 for the Gamestop Token. You can check it here [https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) by searching for 'launchDate' in the 'Contract Source Code'. That will show you a number 1626261600 which is the Unix Timestamp of 'Wed Jul 14 2021 11:20:00 GMT+0000'. + +**🚀 Ex Dividend** + +If GameStop intends to distribute the Gamestop Token, as a dividend, by July 14th, to all its shareholders (at least the official number…) they should have an [ex-dividend date](https://www.investopedia.com/terms/e/ex-dividend.asp) (Investopedia link). This ex-dividend means pretty much what 4/16 meant for voting: if you don't own shares by that date, you didn't get to vote. If you don't own shares by the ex-date you don't get the dividend. + +Now, I looked at past dividends from $GME and this ex-date is usually 2 or 3 weeks before the distribution date. If the distribution date is around 7/14, the ex-date would be by late June. + +**🚀 Token Dividend** + +There is speculation (lol...) that the float is shorted many many many times over, which means that a lot more than 58M people expect to get that dividend. If we were talking about a cash dividend it'd be no problem, because the shorts could just pay from their own pocket, cash is cash right? But if we are talking about a token, they can't make that up... they must cover! + +**🚀 MOASS Implications** + +Ok, putting 2 and 2 together. If all shorts need to cover by late June, the MOASS - which a lot of DD tell us it will not be a 15min thing - would have to start weeks before that. + +So my hypothesis here is: during the annual meeting GameStop will announce the token as a dividend. This will give shorts around 2 or 3 weeks to cover in time for the ex-date. + +**🚀 BONUS** + +If this in fact becomes true, how many apes will actually want to keep one of these early Gamestop tokens forever? I know I do! You know how you do that? You keep at least one $GME share. You don't sell it during the MOASS == **💎✋**. Not selling all the shares is not new, and by now we are all diamond head to toe, BUT we now have an external incentive to do so. Something to keep as a token from this whole saga, a collectible! And this means more fuel to the rocket. + +**🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +**TL;DR: If there is a crypto dividend by July 14th, the MOASS would have to occur sometime before that.** + +**🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +See you on the moon! + +Edit 1: added the TL;DR. + +Edit 2: Fixed the coin address. Thanks u/plzdontgetcaught. Apparently, there is a GameStop coin which is not the official one. This 'fake' one is also the one that has the Max Total Supply of 58M, so forget about that. The core of the theory still stands though. + +Edit 3: Added source of the 7/14 date. + +Edit 4: Thanks for the Platinum 🙏🏻 +Can this hurt in the future in any way? Doesn’t have to be for college. I am trying to educate myself on the best strategy, I am not a big finance person. Looking for advice. +Hey guys need a little advice + +Long story short my mums brother is asking her to become a director in his company. He is doing this as he has been bankrupt in the past and his business is going to be earning over $350k this yearwhich will have implications on his tax return. She has said no as we realise she will become liable for any debts this company currently has. He has mentioned that there is no paperwork involved which makes us think that he is going to forge her signature and get her added on anyways + +Is there anyway of checking if he has already done this? All seems a bit shady and not really sure where to go from here. + +Thanks +Hey Apes, + +It's been a while since I've made this post about the [BCG Bankruptcy Master List](https://www.reddit.com/r/Superstonk/comments/u55n5k/request_help_me_create_a_master_list_of_companies/?utm_source=share&utm_medium=web2x&context=3). I won't lie, work/mental health/life caught up to me the last two months and I haven't had as much time and energy to dedicate to this cause as I had hoped/wanted. I hope you all can forgive an ape. It's difficult to admit when a task is too big to handle by one's self, but I'm humble enough to recognize when I need assistance. It's been difficult and quite frankly overwhelming to locate credible information for these companies and the BCG influence by myself. I'm making this post to update you on the master list and also because I need your help. + +**HOWEVER**. If you're going to help, **PLEASE INCLUDE YOUR SOURCES**. I cannot stress this enough. The last time I made a post, there were tons of comments and DM's saying "BCG bankrupted/is bankrupting XYZ company" with no information behind it. I've spent countless hours searching for companies with no sources and have come up with several dead ends. I'm hoping crowd sourcing this will expedite the process and we can add/remove things as needed because ultimately this isn't just my project, **IT'S OUR PROJECT**. + +There are three lists below. They are: + +1. **CONFIRMED BCG BANKRUPTCY/BANKRUPTCY ATTEMPT/ACTIVELY BANKRUPTING** which includes sources. +2. **SPECULATED BCG BANKRUPTCY/BANKRUPTCY ATTEMPTS/ACTIVELY BANKRUPTING** with no sources. I'll move these to the confirmed list once sources are listed for the company. +3. **VARIOUS BCG SCANDALS** + +&#x200B; + +Without further adieu: + +&#x200B; + +**CONFIRMED BCG BANKRUPTCY/BANKRUPTCY ATTEMPT/ACTIVELY BANKRUPTING** + +[Abercrombie & Fitch](https://www.case48.com/bcg-matrix/14043-Abercrombie-Fitch-Company) + +[Activision Blizzard](https://www.case48.com/bcg-matrix/5569-Activision-Blizzard-Inc) + +[Air New Zealand](https://sciencebasedtargets.org/resources/files/SBTi_AviationGuidanceAug2021.pdf) + +[AMR](https://www.dallasnews.com/business/airlines/2012/02/17/american-airlines-is-paying-a-lot-of-money-to-save-money/) + +[Bed, Bath, & Beyond](https://www.reddit.com/r/Superstonk/comments/tn8lvr/bcg_currently_has_a_hand_in_bed_bath_and_beyonds/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Beyond Meat](https://www.bloomberg.com/news/articles/2022-01-13/beyond-meat-is-biggest-russell-1000-short-as-shares-struggle) + +[Blockbuster](https://www.reddit.com/r/Superstonk/comments/tn2uuo/bcg_gave_consulting_advice_to_toysrus_as_well_as/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Chrysler](https://dealbook.nytimes.com/2009/04/10/boston-consulting-is-hired-to-advise-treasury-auto-team/) + +[Circuit City](https://www.forbes.com/2005/06/20/0620automarketscan23.html?sh=1f07046b2c49) + +[CIT Group](https://www.americanbanker.com/national-regional/cit-hires-consultant-to-help-speed-up-turnaround-1092101-1.html) + +[Coinbase](https://www.reddit.com/r/Superstonk/comments/u2inkh/recently_coinbase_is_on_the_spotlight_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Commercial Defeasance LLC](https://www.reddit.com/r/Superstonk/comments/tnd4oh/bcg_was_hired_by_commercial_defeasance_llc_they/) + +[Conseco INC.](https://www.consultingcase101.com/consecos-acquisition-of-green-tree-financial-not-a-good-deal/)) + +[Dell](https://dealbreaker.com/2013/04/dells-board-was-so-fed-up-with-its-managers-that-it-sold-them-the-company) + +[Ford](https://www.reddit.com/r/Superstonk/comments/tn0wpa/heres_how_bcg_helped_ford_cut_costs_link_in/) + +[GameStop](https://www.reddit.com/r/Superstonk/comments/tpjeyj/gamestop_fires_firm_connected_to_citadel_bcg_love/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[GM](https://www.case48.com/bcg-matrix/12615-General-Motors) + +[Harley Davidson](https://www.case48.com/bcg-matrix/13039-Harley-Davidson) + +[JC Penny](https://chainstoreage.com/jc-penney-makes-key-hire) + +[K-Mart](https://www.reddit.com/r/Superstonk/comments/tn0ywu/kmart_toys_r_us_enter_the_chat_its_like_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[KLM Air France](https://www.reddit.com/r/Superstonk/comments/u00viu/another_big_company_ruined_because_of_bcg_klm_air/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Kohls](https://www.reddit.com/r/Superstonk/comments/tnbs5x/bcg_and_kohls/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Lehman Brothers](https://www.businesswire.com/news/home/20210927005011/en/Piper-Sandler-Companies-Elects-Robbin-Mitchell-to-Board-of-Directors) + +[Macy's](https://www.reddit.com/r/Superstonk/comments/tnb4mz/bcg_partner_adrian_mitchell_became_the_cfo_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[MF Global](http://www.mfglobalcaseinfo.com/docs/1279_15059.pdf) + +[Neiman Marcus](https://www.reddit.com/r/Superstonk/comments/tnp84m/more_bcg_boston_consulting_group_connection_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[OfficeMax](https://www.reddit.com/r/Superstonk/comments/u1zadn/after_watching_john_oliver_this_week_discuss/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Pier 1 Imports](https://amp.cnn.com/cnn/2020/07/31/business/pier-1-new-owner/index.html) + +[Pizza Hut](https://www.reddit.com/r/Superstonk/comments/u0whz1/moar_bcg_connections_former_bcg_project_leader/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[PulteGroup](https://www.reddit.com/r/Superstonk/comments/u0wcb9/did_bcg_try_to_scrub_this_blog_post_about/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Radio Shack](https://www.bcg.com/publications/2017/growth-strategy-vector-thrust-breakout-growers-get-right) + +[Revlon](https://www.cnn.com/2022/06/16/investing/revlon-bankruptcy/index.html) + +[RiteAid](https://www.reddit.com/r/Superstonk/comments/tyrim1/i_was_browsing_yahoo_the_fud_caught_my_eye_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Sears](https://transformco.com/press-releases/pr/1959) + +[TAP Airport Portugal](https://www.ch-aviation.com/portal/news/94238-tap-air-portugal-selects-consultancy-boosts-n-america-ops) + +[Texaco](https://globalonlinemony.com/at-mckinsey-widespread-furor-over-work-with-planets-biggest-polluters/) + +[Toys R Us](https://www.case48.com/bcg-matrix/12847-Toys-R-Us) + +[USPS](https://www.reddit.com/r/Superstonk/comments/tz2k7r/bcg_and_the_united_states_postal_service/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Victorias Secret](https://www.reddit.com/r/Superstonk/comments/tnf7t2/ryan_cohen_tweet_victorias_secret_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Washington Mutual](https://www.alliancebernstein.com/americas/en/institutions/bio.ajit-ketkar.html) + +[WHO](https://www.vox.com/2021/6/16/22527665/world-health-organization-who-12-million-bcg-consultants) + +[Whole Foods](https://www.reddit.com/r/Superstonk/comments/to671e/whole_foods_also_hired_bcg_for_consulting_which/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[WorldCom](https://www.irishtimes.com/business/worldcom-s-executives-earned-104m-as-accounting-fraud-was-used-to-boost-profits-1.1091498) + +[Zoom](https://www.reddit.com/r/Superstonk/comments/ud6dio/a_coworker_was_like_damn_zoom_is_down_hard_i_run/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +**SPECULATED BCG BANKRUPTCY/BANKRUPTCY ATTEMPTS/ACTIVELY BANKRUPTING (NEEDS SOURCES)** + +Advance Auto + +Aesop + +Arby's + +AT&T + +Australian Post + +Battle Bay + +Bell Labs + +Best Buy + +Big Lots + +Blackberry + +Boeing + +British American Tobacco + +Burlington coat factory + +Canada Life + +CanopyGrowth + +Caterpillar + +Citi Bank + +Comcast + +Crocs + +Curry’s UK + +Delta airlines + +Dillards + +Disney + +Dixon + +Dollar Tree + +EA + +ESAB + +eToys + +FAO Schwartz + +FedEx + +Forever 21 + +Fresh Fields Grocery Store + +GNC + +Goldman Sachs + +Hastings Entertainment + +Hewlett Packard + +HHGregg + +Homebase + +Intermountain Healthcare + +J&J + +John Deere + +KB Toys + +Kodak + +Krispy Kreme + +Kroger + +Lockheed Martin + +Lowe's + +Lululemon + +Michael’s + +Moderna + +National Health Service + +Nature Made + +Netflix + +Nokia + +Nordstrom + +Peacock/NBCU + +Pfizer + +Proctor and Gamble + +Quiznos + +Ralph Lauren + +Ross Dress For Less + +Rovio + +Sequential Brands Group + +Six Flags + +SoFi + +Southeastern Grocery + +Staples + +Taco Bell + +Target + +ThredUp + +Tim Hortons + +Toeslagen Affair + +Track and Trace + +Under Armour + +United Way + +UPS + +Washington Commanders + +Woolworths + +YRC + +Zappos + +&#x200B; + +**VARIOUS BCG SCANDALS** + +[Karolinska Solna Hospital](https://www.reddit.com/r/Superstonk/comments/tt4zwi/bcg_was_hired_by_swedens_karolinska_solna/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[American Public School System](https://www.reddit.com/r/Superstonk/comments/tyvkdk/boston_consulting_group_bcg_has_been_heavily/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[$800,000,000 From the Federal Government](https://www.reddit.com/r/Superstonk/comments/tyk07f/since_2018_bcg_has_received_137_contracts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[SEC Reform](https://www.reddit.com/r/Superstonk/comments/tmxp3p/the_sec_hired_bcg_to_consult_and_report_for_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Consolidating Power for Prince Mohammad bin Salman of Saudi Arabia](https://www.reddit.com/r/Superstonk/comments/u3ryga/bcg_along_with_consulting_firms_mckinsey_and_booz/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Sri Lanka’s Failing Government](https://www.reddit.com/r/Superstonk/comments/u0xoug/anybody_watching_the_news_of_sri_lankas_crumbling/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Assisting in African Gemstone Corruption](https://www.reddit.com/r/Superstonk/comments/tysagm/bcg_stole_patented_technology_that_guarantees/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Political System](https://www.reddit.com/r/Superstonk/comments/u2lm0g/the_kraken_is_everywhere_boston_consulting_group/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[German Military](https://www.reddit.com/r/Superstonk/comments/tnhggs/german_military_consulting_affair_was_a_big_thing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[World Economic Forum](https://www.reddit.com/r/Superstonk/comments/tosz70/the_final_boss_the_world_economic_forum_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Isabel Dos Santos hired BCG to exploit Angola's natural resources while the country suffers from poverty, illiteracy, and infant mortality](https://www.news18.com/news/world/how-us-firms-helped-angolan-rulers-daughter-and-africas-richest-woman-exploit-her-countrys-wealth-2464665.html) + +[BCG consulting for Saudi Arabia for the 2030 World Cup bid](https://www.consultancy-me.com/news/3870/saudi-arabia-taps-us-consultancy-for-2030-world-cup-bid) + +[JP Morgan Chase CEO Jamie Dimon started out his career at BCG.](https://en.m.wikipedia.org/wiki/Jamie_Dimon) + +[https://www.reddit.com/r/Superstonk/comments/tnd5ny/bcg\_entered\_greece\_in\_2001you\_cant\_make\_this\_shit/](https://www.reddit.com/r/Superstonk/comments/tnd5ny/bcg_entered_greece_in_2001you_cant_make_this_shit/) + +[Ken Griffin and BCG Connection began in the 90's](https://www.reddit.com/r/Superstonk/comments/tnaow9/article_from_2001_discussing_ken_griffins/) + +[Ken Griffin and BCG relationship with Leslie Wexner](https://www.reddit.com/r/Superstonk/comments/u7pcjs/shadowban_on_op_ucruxhub_too_post_about_bcg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[BCG caused the Great Recession](https://www.reddit.com/r/Superstonk/comments/ugr6ni/huffpost_the_boston_consulting_group_caused_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[BCG Keeps Lucrative Saudi Alliance, Shaping Crown Prince’s Vision](https://www.nytimes.com/2018/11/04/world/middleeast/mckinsey-bcg-booz-allen-saudi-khashoggi.html) + +[Willaim Penn Foundation files ethics complaint on BCG](https://www.reddit.com/r/Superstonk/comments/tnjaqo/we_still_digging_dirt_on_bcg/) + +[Federal Reserve to Study Payments Fraud and Security Vulnerabilities with BCG](https://www.frbservices.org/news/press-releases/032918-study-payments-fraud-security) + +[BCG Formation Digital Adventures](https://bcgdv.com/venture/formation/) + +[Boston Consulting Group's links with Malaysia's 1MDB scandal](https://www.reddit.com/r/Superstonk/comments/toli2i/boston_consulting_groups_links_with_malaysias/) + +[BCG Web of Corruption](https://www.reddit.com/r/Superstonk/comments/u5rqs2/web_of_corruption_v10_is_back_in_black_should/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[The Amazon Web Services + Boston Consulting Group Partnership](https://www.reddit.com/r/Superstonk/comments/tncqzl/the_amazon_web_services_boston_consulting_group/) + +[Bill Bain](https://en.wikipedia.org/wiki/Bill_Bain_(consultant)) + +[BCG Research](https://www.reddit.com/r/Superstonk/comments/tnjmwf/bcg_research/?utm_source=share&utm_medium=ios_app&utm_name=iossmf%0Ayou%20might%20be%20able%20to%20find%20more%20in%20here) + +[Netherlands Tax Scandal](https://www.reddit.com/r/Superstonk/comments/tnujn8/so_the_netherlands_has_this_tax_scandal_going_on/) + +&#x200B; + +I'll be updating this post as comments and DM's **WITH SOURCES** become available. +As much as I often wonder who the real people are behind these u/ and subs, I never need to see your faces. I’m seeing people post more personal photos and shit, and I worry people are sharing too much personal or identifying information getting caught up in the fun and humor. I recently made a Twitter account (@thestockllama) and I was a little thrown by how many apes and investors have their entire lives out there for anyone to see. In situations like these, it is often best to stay in the shadows. They provide us safety and refuge in a variety of ways. Plus we’re all apes, I already know what you fuckers look like. Beautiful and hairy with diamond hands and enormous golden balls! + +Oh, and one more thing, I read a post a few weeks back that said please exit quietly when you choose to sell your shares, and I could not agree more. After moon, ride off into space on your rocket and know we are all flying beside you celebrating, too. + +See you all on Monday and remember, Apes. Together. Strong. + +Llama +ATTENTION NOOBS and VETS- I recently jumped into the Penny Stock game and it's been a wild ride. I'm not a financial advisor or expert but hear me out... + +We've seen the power of Reddit in moving stocks well, WELL, up past their actual (logical) value points only to come crashing back down again. Then they start to climb back up, and crash back down again. This has been happening over and over again. You can look at the 1-6 month charts on hundreds of penny stocks and they look almost identical. Up until 2 months ago most of these stocks were nothing and trading in the .0001-.0010 range. Now suddenly a trial stage bio-pharm company with 2 employees in NJ is trading for $1.50 a share with zero income and zero product? Huh??? + +As a group, retail investors although large and growing daily, don't have anywhere near the buying power of large hedge funds and brokerage houses. While we may be collectively buying millions of shares in a stock, one trader at a large brokerage may be buying 10's of millions or more themselves. Now multiply that by ALL of the funds and brokerages and you can easily see why we're seeing Volume in the hundreds of millions of shares being traded on a Penny stock. I say again...PENNY STOCK. + +Now you and I are hoping and praying our several hundred or several thousand dollar investment blossoms and makes us a lot of money. Sometimes we are vested in a stock but most often we just want to make some money and get out. + +However, the fund managers are sharks and are in it for the profit. Period. They have analytical tools and real time monitoring software that we could only wish to use. Not too mention they have insider information (chatter) that we could only dream of hearing. + +My point is this, when we're all rushing in to a stock...so are THEY. They are not hoping to see it go to "To the Moon" or Mars or anywhere else. They just want to make some money and get out before the dip. So if they buy 20 million shares of a stock and it goes up $1 or $1.50 or even .50...well you do the math. That's $10-30 million dollars and they dip out with their huge volume and sell which causes the price to crash leaving us little folks with often BIG losses. + +The FACT of the matter is that there is NO WAY to time the market. There are players and forces in the market that drive it in ways we can never understand. If you're playing for quick profit instead of a long haul then have a strategy. Set a price to get out that you'll be happy with. If that's $100 or $10,000 it doesn't matter because PROFIT is PROFIT. Wouldn't you rather make a $1 a share profit than a $1 a share loss? + +Listen I don't have all the answers as I've been burned a few times already playing this game. I don't like to lose money so am sharing my painful lessons with you. Buy in, set an exit strategy, and get out and enjoy the Profit no matter how small or big. + +Think about it...it was FREE MONEY just for tapping on your mouse, keyboard, or phone screen. +One of my big worries is that the 7% average return over long periods of time is a classic case of judging the future of the market based on past results. + +The 7% return isn't some magic rule; it's what the US has historically done, and not necessarily the rest of the world. A lot of the rest of the developed world has lower return and growth rates (see: Europe). + + +One thing that concerns me, in particular, is the lowering birth rates. One reason it's easy to assume the stock market will always go up is that there are *always more people*. While immigration can make up a lot of the difference, falling birth rates is becoming a worldwide trend. + +I'm not convinced 7% annual average growth is sustainable forever, especially if birth rates drop and maybe people live longer too. Maybe it will be for the near future (productivity increases from AI)- I'm not predicting a short term crash- but for the next 30-50 years? + +Are we making the classic mistake of judging future performance based on the past? + +High Tide Inc (HITIF) is a Canadian Cannabis retailer founded in 2009, Since then it has expanded into an expansive retail chain with over 69 branded stores across Canada and many more now to come across the US. + +Stuff you should know about HITIF and it's place in the industry: + +* It has been having record profits for months now. This is a sustainable company! +* Has applied for a nasdaq listing via reverse split, this should be coming soon within 1-2 weeks! +* This company has a gross margin of 38%. That is almost 6x as much as SNDL at 6.53%. +* It has the best balance sheet in the entire Canadian cannabis industry: [https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc\~1899753](https://www.bnnbloomberg.ca/video/bruce-campbell-discusses-high-tide-inc~1899753) +* Share price as of writing is 0.41$. SNDL is over 1$! +* HITIF has a publicly available float of 75%. Compared to SNDL at around 94%. +* 25% insider owned! +* HITIF average daily volume is roughly 6x compared to half a month ago. SNDL volume has increased roughly 5x within the same time period. +* Taking into account the fact that SNDL has nearly 2x the total float of HITIF and is still valued at over a dollar, this means that HITIF is still 4x less valuable as a stock compared to SNDL. +* For a company that is already established and improving within a bullish cannabis market while comparing it to SNDL which has already began growing much further into its actual valuation, I believe HITIF has a LOT of room to run. +* HITIF is still not available on RH yet! This means that if your broker already provides access to this ticker you are still early to the game!! Once more people start piling onto this it will become available on many more brokerages such as RH where much more money will come in. + +More stuff! + +* Aurora cannabis and Aphria are both invested into High Tide. +* They literally have celebrity deals with names like Snoop Dog (walking cannabis advert) and Guns n' Roses!!! +* This company is the largest Canadian cannabis retailer yet still has a quarter of its revenue coming from the US. With plans now to expand vastly across the US we can expect this to have a huge impact on the company. +* They have a really good management team, the company is really quite business orientated and tries to please their investors. +* High Tide plans to double its store count by the end of the year. + +Basically this company is really undervalued because its really profitable. New emerging cannabis market in the US means this company can now expand into it to grow more, Biden legalisation etc... + +Company is also financially sound and unlike many companies that are overvalued and yet to grow into their valuation, High Tide is the exact opposite. + +Price target??: Heck 10x within a few months actually sounds doable. + +Recent catalyst: + +[https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/](https://www.newcannabisventures.com/high-tide-sells-units-at-c0-48-to-raise-c15-million/)High Tide has just had an offering for over 10% of its total float! This is a massive amount. + +Other Stuff: + +Thought this would be cool to show you. Slump caused by recent market hype stock shit, expect it to go up again soon! + +[https://imgur.com/a/SYMI8gq](https://imgur.com/a/SYMI8gq) <-- edit changed this link because the one b4 was broken + +Position: 1k shares at 0.41$ + +Sources: + +[https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf](https://hightideinc.com/wp-content/uploads/2021/01/High-Tide-Investor-Presentation-2021-01-18.pdf) + +[https://www.marketwatch.com/investing/stock/hitif?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/hitif?mod=mw_quote_tab) + +[https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw\_quote\_tab](https://www.marketwatch.com/investing/stock/sndl/financials?mod=mw_quote_tab) + +Edit: someone also made another DD on this and would like me to attach it so here you go https://docs.google.com/document/u/0/d/1mnW6Ehhhkkj2vHX9owNvusWXfjRpsa99ecaY1kWLdPg/mobilebasic this one is quite good +Throwaway, sorry. + +I'm at a FAANG. Our window to sell stock is closed, but our shares are dropping fast. I've started to wonder if it would be better to quit so I can immediately divest all my shares at this low price, but still reap *something* vs. keep working, collect salary and risk that the company shares really drop. + +I keep wondering if people at Enron thought similarly, and looking back, wish they'd quit when the shares still had some value vs. riding it out to near 0. + +There has to be an optimization model for this - salary vs. value of shares? + +If I quit, sell, and the shares drop, I could always buy more if I wanted to believe in the long term trajectory. If I stay on and hold, watching them drop, then :shrug:. +El Salvador is a sovereign country that has the full right to choose how it wants to act to build a better future for its people. + +Nayib Bukele chose Bitcoin to try to change the future of his country. Under the current system, El Salvador was condemned to survive by begging for aid from the IMF or the World Bank. + +Nayib Bukele understood the why of Bitcoin and decided to seize this opportunity to change the future of El Salvador and its people. The people of El Salvador overwhelmingly support Nayib Bukele in what he is trying to do for the country. + +El Salvador's bold choice has already changed the way the country is seen around the world. Everyone is talking about El Salvador and more and more entrepreneurs will be coming to El Salvador to participate in this experiment of building the first Bitcoin Nation. + +Who knew where El Salvador was before Nayib Bukele made this choice? Very few people. No one was talking about El Salvador. Bitcoin is already a game-changer for El Salvador and this is clearly just the beginning. + +While the IMF or the World Bank scoffed at Bitcoin a few years ago, now these institutions are getting scared by the growing possibility that the Bitcoin experiment will succeed in El Salvador and motivate other countries to follow Nayib Bukele's path. + +Tonga is talking about adopting Bitcoin by the end of 2022, as are other countries in South and Central America. In short, something is happening and the IMF feels the danger mounting for its obsolete system. + +Rather than letting the people determine for themselves, the IMF is threatening El Salvador saying the country must abandon Bitcoin. The IMF's threats only justify, in my opinion, the very existence of Bitcoin and the absolute necessity for the world to have this alternative system available. + +Since El Salvador will logically refuse to obey the IMF, what's next? Will America eventually orchestrate a coup in El Salvador to overthrow the government and end the Bitcoin experiment? How far are the powerful people in the current system willing to go to prevent countries from expressing their free will in monetary and financial matters? + +El Salvador must continue to resist outside pressure, and other countries that will join the Bitcoin adventure in 2022 must do the same. The world is changing, and the first countries to adopt Bitcoin will be the ones to benefit the most in the future. +So i want to get into this and after asking around I’d like to do some paper trading and work myself up to using real money. + +However, where do you get your strategies from? I’ve had people recommend entry / exit conditions but how do you come to define those? In very clear terms, where and how do you formulate your strategy specifically? + +If someone can direct me to some more reading on this that’d be great! +I currently trade several different strategies that I created in the the futures markets. My main systematic “diversified portfolio” trades 40 of the most liquid domestic and international futures markets. I recently had the revelation that I am limiting my scope by solely trading futures and backtested my models in all 30 of the DOW components. To my surprise, the system tested extremely well without any fitting (annualized sharpe= 3.26 using a risk free rate of 2). Since my background is mainly in CTAs and individually managed futures accounts, I am ignorant when it comes to finding equity strategy investors. Is there anything specifically they look for, or are the tear sheets similar to CTAs? Additionally, how difficult is it to set up a small margin account with a broker that will let me hold a short position for a few days (max holding period is 10 days) so I can start developing a true P/L? Any suggestions with these questions or anything else is greatly appreciated. +I moved into my first apartment with my boyfriend in July. A little over a month later I got into my first car accident and my car was totaled. Perfect timing when my savings account had taken a hit from moving out right?? I had just bought the car so luckily I had not sold my old car yet and was able to transfer the registration back. I bought it for cash and no payments, so I don’t owe anything on it. + +Anyway so I was found responsible for the accident (even though I got T-boned sadly). After the accident, I was required to get a special insurance that was much more expensive. I was on my boyfriends policy with Progressive and we were paying $310 before the accident. We called them yesterday and the price went up to $580. I almost had a heart attack and pretty much immediately started crying on the phone. I felt so bad because my boyfriend offered to split it with me even though I had the accident. He said we could both pay $290 instead of me paying $425 and him paying what he originally did before the accident. + +I knew I couldn’t afford this and was stressing so hard. I was trying to find a second job. But I decided to call other companies just to see. So this morning I did an online quote on Gieco and I got $202. It was so good I didn’t believe it so I called them. + +Guys. After imputing all the info, the lady managed to get me a rate of $133 a month. Including all the special insurance I had to get. I couldn’t believe it I was almost crying from happiness. I’m now paying less for more coverage at Gieco than I was for less coverage with the other company. + +I’m sorry if this isn’t exactly the right place or post but I’m so happy I just wanted to tell someone! I don’t really have a message other than to shop around! My mom told me to try other places but I was convinced no one would take me since I was an “At risk driver”. I’m glad I decided to take a chance and call them. +Current salary 38k with basic 5% ees pension and 3% ers pension. + +NHS salary 41.5k with 9% salary sacrifice and 21% ers contribution. + +NHS means public transport (more costly than my car and free parking currently) and an equal or lower take home pay considering ss and plan 1 student loan. Hoping to have more career opportunities in the NHS though. + +Please help me believe I've made the right choice, especially considering these insane cost of living rises. + + +EDIT: Thank you everyone who has replied; I've really appreciated your input. You've really eased my fears and also got me researching all the differences between defined contribution and defined benefit pensions so I feel a lot better informed. Thank you again. +Some interesting figures, such as how much the average person has in their pot when they retire, and how much is contributed on average each year. + +https://www.theguardian.com/money/2019/sep/28/uk-pensions-saving-retirement +Bitcoin is an open ecosystem, and open protocol, meant to free people and their money. + +Coinbase, the largest Bitcoin exchange, just gave Bitcoin's openness a giant middle finger by banning Gab, the free speech social network, from their platform. + +Bitcoin is supposed to be anti-censorship. But it can't be that if the on-ramps into Bitcoin are controlled by biased gatekeepers who ban people they don't like. + +And worse yet, they're setting a precedent that other bitcoin businesses may follow. How long until you get banned? + +If you agree this is a dangerous precedent to set, contact @coinbase on Twitter and let them know won't be using them unless they reinstate Gab's account. + +Source: + +[https://gab.ai/a/posts/27539385](https://gab.ai/a/posts/27539385) +Last September I started another portfolio to try out a less involved strategy. My plan was to make changes only if something catastrophic happened, or I felt that one of my holdings had reached its maximum potential return. After 9 months I have received 54.4% return. Could someone take a look at my portfolios stats below and let me know what you think? Should I leave it untouched or make some changes (like re-balancing...)? + +[Monthly Returns](https://i.imgur.com/ffS93rU.png) + +[Metrics](https://i.imgur.com/NqUgmZE.png) + +Thanks! Let me know if you need any more info. + +EDIT: The portfolio is 4 positions and they were equally balanced when I started. +[Here is my actual portfolio as of this morning](https://i.imgur.com/Rpjm2dC.png) +The Securities and Exchange Commission (SEC) on Monday charged former Rep. Stephen Buyer (R-Ind.) with insider trading, including purchasing stocks based on nonpublic information. + +The SEC filed the insider trading charge in a Manhattan federal district court, accusing Buyer of making illegal stock purchases in at least two instances, according to an agency press release. The SEC is seeking to force Buyer to disgorge profits he made from the alleged schemes. + +The charges were brought as part of an investigation into Buyer and nine other defendants, who were also charged on Monday with insider trading schemes. + +The U.S. Attorney��s Office for the Southern District of New York on Monday filed criminal charges in a parallel case against nine defendants, including Buyer. + +SEC Enforcement Division Director Gurbir Grewal said those who monetize nonpublic information not only violate federal law but “undermine public trust and confidence in the fairness of our markets.” + +“We are committed to doing all we can to maintain and enhance public trust by leveling the playing field and holding Buyer accountable for illegally profiting from his access,” Grewal said in a statement. + +Buyer, who served in Congress from 1993 to 2011, founded his own consulting group called the Steve Buyer Group shortly after leaving public office. + +Read the full article: [https://sports.yahoo.com/former-congressman-charged-insider-trading-163227702.html](https://sports.yahoo.com/former-congressman-charged-insider-trading-163227702.html) + +Former US Congressman, Stephen Buyer, was charged with insider trading yesterday, including purchasing stocks based on nonpublic information. Last week, Nancy Pelosi was also rumored to be involved in insider trading together with her husband, Paul Pelosi. + +How severe do you think insider trading happens within the government? +https://www.cnn.com/2018/11/03/business/applebees-turnaround/index.html + +> "Americans are stressed," Cywinski told CNN Business. + +> "When stressed, they tend to go to comfort food ... and we're pretty darn good at comfort food," he said. "That's the role we play." + +> Alcohol accounts for about 15% of Applebee's business, Cywinski said. It's important because stressed out customers may want a drink with dinner. And when people come to drink, they often order food. + +> When it comes to meals, Applebee's is focusing on "abundant value," Cywinski said. That means all-you-can-eat riblets and chicken tenders and creamy pasta dishes. + +> But Applebee's has been "significantly outperforming the industry," Vaccaro added. That may be because Applebee's has done such a good job of showing customers that it's about the value and the experience, he said. + +> "They're not going after the avocado toast Millennials," said Anderson. "They're going after middle America." + +> But Applebee's is paying attention to certain trends. Like other chains, Applebee's is investing in off-premise dining, technology and delivery. +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! + +So, I'm a big Ethereum fan -- been invested for about a year, and have been very lucky with the growth of my portfolio in that time. + +I wanted to get an idea of how the "other side" looks at Ethereum. What are the arguments against investing in Ethereum right now? Why do you think this project could fail? +I am going through my first rehab now and it’s so weird when you look at photos of beautiful places and look at your place and say “what am I doing differently here”! + +Anyways, I’ve painted the walls of the bedrooms white, installed recess lights, installed new windows, and replaced the carpet. However, it still doesn’t look like the photos of other remodels. I’m looking at my place and I’ve come to the conclusion that the dry wall is what is making it look different. I’m really imaging the place come to life if it had smooth, straight, new dry wall attached. + +What’s weird is I never hear people talk about dry wall as a big difference maker when renovating. It’s always lights, floors, cabinets, paint, etc. Those make a big deal, but I keep thinking that having smooth dry wall really makes a place look clean. + +Thoughts? +It reminds me codename: kids next door or something and it’s driving me nuts. + +I don’t completely hate wanting to switch up and give a haircut or something but the change in style and face is driving me bonkers. + +I have an uncontrolled hate that is completely irrational and it’s probably cause my autistic brain is honing in super hard on wanting to punch his forehead. + +Can you please make it stop? +Anyone else look at their retirement number and keep increasing it? + +We live in a HCOL area and I just ran through our NW statement. Married with 3 kids under 5 years old. Wife is in medicine and I am a partner in a real estate firm. Currently our NW is around $4mm which is comprised of $500k in retirement accounts, $150k in college funds (kids are dual citizenship with Canada so hoping they go north for college), $400k in home equity and the rest in taxable accounts/cash. Aside from this, the value of my carry in real estate deals, even amidst this recession/depression, is pre-tax low eight figures ($11-14mm). Since this is is a highly leveraged position (I only make money if my investors make a pretty darn good return), I usually don’t count the carry in my NW until it converts to cash. + +The thing is, my number used to be $10mm but now I find it growing to $15-20mm in my mind partly because I want to increase our lifestyle at some point (we basically live off of $200k) and because I want to make sure I have plenty of cushion so I never have to go back. Anyway deal with this? +I wasn't going to post anything until I hit $1MM net worth, but my mint.com finally showed $750k+ and I couldn't help myself, sorry. + +I've seen a lot of posts in FI about the engineers and lawyers and doctors making $200k+ and talking about having a $3MM net worth at 30, and most people thinking that sort of accelerated wealth is beyond their reach. + +I'm a high school math teacher. I've never made $100k in a year. I live in a HCOL area (L.A. area). And I'm certainly nowhere close to true FI yet, but I feel like I'm definitely on the right track, and that you don't need to be making $500k in the midwest to be on your way to FI. + +I do want to preface this by saying that I did have some good luck on the way here (as do most people): + +- my parents paid for my college. I realize I'm extremely lucky in that regard. However, I did graduate college in 2000, and costs were much more reasonable then (even adjusting for inflation). + +- I made a not-insignificant amount of money gambling online in the early 2000s (I don't want to say an exact number, but I'll say it's 5-figures). Online casinos back then were literally just giving away free money with ridiculously low wagering requirements, and virtually all of them paid out. + +- I do not have kids and I have a live-in gf. + +Other than the above, I haven't had anything else life-altering in regards to money - no crazy inheritances/windfalls/gifts/etc. + +So anyway, onto salary: + +Year|Salary +:--|:-- +2018|$93,073 +2017 |$94,960 +2016 |$87,096 +2015 |$85,054 +2014 |$77,292 +2013 |$66,339 +2012 |$69,588 +2011 |$61,558 +2010 |$61,498 +2009 |$59,118 +2008 |$55,630 +2007 |$51,426 +2006 |$51,684 +2005 |$45,194 +2004 |$37,105 +2003 |$38,630 +2002 |$25,125 +2001 |$56,184 +2000 |$24,130 + +In 2000 I got my first job making 50k as a programmer, which I started in August. + +In 2002 I quit that job to go look into becoming a teacher (in retrospect, I probably should have waited until I actually GOT the teaching job before I quit, but I was a young, imprudent idiot). + +In 2008 I bought my first home, a condo, which has increased in value a modest 25%. Nothing huge, but it could have been worse if I'd bought at the peak in 2007. + +In 2014 I completed my master's and my salary was automatically increased. + +Along the way I've done some side tutoring and part-time teaching jobs, but nothing too big - maybe an extra $5k/year, max. + +As for my net worth progress, I haven't had mint.com for TOO long, but I can approximate the numbers for some of the years: + +Year (end of)|Net Worth +:--|:-- +2019|$750k +2018|$642k +2017 |$585k +2016 |$475k +2015 |$396k +2014|$345k +2013|$273k + +I haven't had the explosive growth in net worth or salary like some of the people here, but hopefully I'll be chugging my way to $1MM in the next few years, barring a market collapse. + +In summary, here's my net worth breakdown: + +Category|Net Worth +:--|:-- +Checking Account|$10k +Home Equity|approximately $215k +Roth IRA|$100k +Taxable Brokerage|$150k +Other Retirement/Pension Accounts|$275k + +Virtually all of my accounts have holdings similar to what is recommended in the 'lazy portfolio' asset allocations. Nothing sexy to write about, really. Every year I just throw $19000 pretax into my 403b, max out my ira, and whatever is left over into my taxable account. Nothing magical. + +So that's that. I don't really have any words of wisdom other than to be as frugal as possible, but not to the point where you're depriving yourself of occasional pleasures that you should grant yourself just to keep yourself sane. + +I clip coupons. I buy at discounts whenever possible. I've only owned 2 cars in my life, but I bought both new, but both were under $20k. + +Anyway, don't be discouraged if you aren't making $100k in a LCOL area. I'm certainly not wealthy or ready to retire, but I just need to keep my head down and keep saving! + +One note on my retirement plans. I would be eligible to retire with full benefits (though just the minimum pension amount) when I am 53. At that point I'll see how much I have saved up and decide whether I should continue to teach to maximize my pension payouts. Hopefully the california pension system is still solvent by then :/ + +Any comments/suggestions/etc are appreciated! +Doing a lil social experiment. Name a price that you think ETH will be in April 2021. Educated reasoning on why you picked this price will receive some donuts. ;) +My 5 year-old daughter is receiving a settlement for an injury she suffered not too long ago. I can't provide specific numbers for fear of violating a confidentiality clause, but I think just some general advice would help out a lot. + +Basically, her trust will be divided between an annuity with a fixed rate of return of around 3%, and a special needs trust to be invested as a trustee and I see fit. We were ready to set all of this up when I learned that any of the trustees that I wanted to work with required a higher minimum amount in the trust. Also, many trustees and financial advisors I spoke to told me that now is not a great time to get locked into an annuity. + +We will not be able to shut down the annuity at this point, but I am faced with the choice of moving money from the fixed rate non-taxable annuity account to a variable and taxable special needs trust to facilitate using a preferred trustee. + +If I move the funds from the annuity, the rate decreases, but not by much. It will still be about 3%. As a hypothetical, I'd like to assume that the amount in consideration is about $60,000 to $80,000. We are hopeful that the money in the trust will be able to be invested as a long term investment (10-20 years) without having to draw on it for any needs my daughter might have. The annuity is set to start paying out within a similar time period. + +Should I move the money to the trust and hope that the investment surpasses the fixed and guaranteed income from the annuity? Even with the tax considerations? + +I would like to make the best possible choice for my daughter, understanding that making any investment comes with risk. Any insight from this group would be greatly appreciated. +I've been running a scalping bot since April 2020 and it has been generating some consistent results trading USDZAR over time. But what returns are considered a good result? + +https://preview.redd.it/ir171xtvvt971.png?width=510&format=png&auto=webp&s=afc0ad625fb6e53726116bf6157d1043cdef6660 +