diff --git "a/reddit_finance_43_250k_111.txt" "b/reddit_finance_43_250k_111.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_111.txt" @@ -0,0 +1,10000 @@ + +&#x200B; + +If more 100x holders stake to earn rare NFTs, the circulating supply in the free market decreases. It's like a whale locking their funds away for a set period of time to earn the NFT. Holders get rewarded and the MCAP increases as more sell orders translate instead into staking orders. If there is 30% adoption of the system from the user base, this has the potential to run fast. šŸŽļø šŸŽļø + +In my personal opinion, the timing with the Binance NFT marketplace gives this potential to really skyrocket in the next phase of the alt-season. + +&#x200B; + +**\*\*Wen Rug?\*\*** + +&#x200B; + +If you are new to the project you should know that it is led by influencer Ken the Crypto who shares plans almost daily on his live stream. Very active community in the TG. And tugging would ruin his industry credibility forever. + +&#x200B; + +\*\***Wen Moon**?\*\* + +&#x200B; + +šŸ„ŠAlong with the announcements of the platform last night. Ken announced that the team will sponsor two boxers for the upcoming Canelo Vs Saunders fight. This will put ($100x) on two boxers shorts in the ring during the fight. Fight details below + +[https://www.dazn.com/en-US/news/boxing/canelo-alvarezs-next-fight-date-time-price-odds-full-card-for-canelo-vs-billy-joe-saunders/1fx0t3ew571fg1quk7gt4ykx4f](https://www.dazn.com/en-US/news/boxing/canelo-alvarezs-next-fight-date-time-price-odds-full-card-for-canelo-vs-billy-joe-saunders/1fx0t3ew571fg1quk7gt4ykx4f) + +Does this translate to new holders? Maybe. It will for certain translate to more real world partnerships which is where this coin is excelling šŸŒŽ + +The run-up to this fight could send the coin parabolic. + +&#x200B; + +\*\***What are the basics**?\*\* šŸ”„ šŸ”„ + +&#x200B; + +This is a deflationary coin with a limited supply. 7% tax + +šŸ’Ž 3.5% Goes to autoburn so the value of your tokens increase overtime + +šŸ’Ž 2% Fee is added back into liquidity. + +šŸ’Ž 1.5% Goes to marketing + +šŸ’Ž Current Supply: 934,556,429,157,020 + +As Ken has said many times on his lives, the current settings of the coin are 5.5% LP and 1.5% marketing to grow the LP pool to support larger buys. This will change when the LP pool can support 100K+ buys. + +&#x200B; + +**\*\*Where can you buy?\*\*** + +**/////i will post all links In the comments//////** + +&#x200B; + +\*\***Where can you learn more**?\*\* + +I find the telegram to be most helpful. Buy links are on the website. Never trust a buy link in CMS. Pancake V1 is the best way to purchase. + +šŸ’¬ Telegram: Ā [https://t.me/joinchat/EPtNroiLZ501ZTYx](https://t.me/joinchat/EPtNroiLZ501ZTYx%5D(https://t.me/joinchat/EPtNroiLZ501ZTYx)) + +šŸŒ Website: [https://www.100xcoin.io](https://www.100xcoin.io/%5D(https://www.100xcoin.io/)) + +šŸ¦ Twitter: Ā [https://twitter.com/100XCoin](https://twitter.com/100XCoin%5D(https://twitter.com/100XCoin)_) + +šŸ‘ TikTok: Ā [https://www.tiktok.com/@100xcoincummunity?lang=en](https://www.tiktok.com/@100xcoincummunity?lang=en](https://www.tiktok.com/@100xcoincummunity?lang=en)) + +\*\*Any other catalysts? **TLDR**?\*\* + +Ken has also mentioned a mobile app that the team is building called alt-base. There is only speculation of the functionality at this time, but one can imagine it has something to do with buying alt-coins and lowmcaps on mobile. If the team pulls it off before the summer, this could run hard. + +Ape in? I have. +This has been a really odd ride. I was one of the idiots who joined the bandwagon in January when it hit 80 usd. Everyday has just been interesting, and I've learned more about the US financial system in the last few months then I ever expected to learn In my life time. Thank you all for being here, I'm not sure what will occur when this all ends, but its been a blast experiencing all of this with you guys, +Been playing around with some charts on trustnet and take a look at the [FTSE All Share vs the Russel 3000](https://i.gyazo.com/adb669acef5b077227d52b0327b93e21.png) + +FTSE All Share returned 86.7% + +Russel 3000 returned 322.4% + +&nbsp; + +My theory is when the UK creates new companies, we don't take them public that often so the growth the company makes isn't reflected in the stock market whereas loads of companies in America go public the first chance they get. + +Is the stock market deceiving us in this respect or is the UK economy really doing that poorly compared to our friends across the pond? + +&nbsp; + +What can the UK government do to encourage more companies to go public instead of remaining private making US venture capitalists rich as fuck while UK investors are stuck with an index comprised of dated companies on their last legs? +I'd like to get some community view's on pound cost averaging down Vs accumulating cash at the moment. + +I've been pound cost averaging down for over 3 years now, and find it a good strategy. However it has been suggested to me (not by a financial advisor but someone with more investing experience) that I should just leave the monthly contribution into my ISA in cash for the moment. The reasoning behind doing so is they are convinced this correction down will continue and I would be better deploying the cash at a later date. + +I'm not so sure about changing strategy this early on in my investment journey (I plan to remain invested for at least another 10 years - if not until retirement). Any views and opinions in this advice? +First of all, I am incredibly privileged. When my grandpa passed away in March, I inherited $30,000. I had $10,000 saved up as well from working the prior summer and that $10,000 was already invested in the stock market. In high school I found out about stocks in my economics class and the day I turned 18 I invested every penny I had. + +Once again, I am privileged to be able to invest this money at all.. I have a college fund to pay my tuition, I donā€™t have to worry about when my next meal is coming, and I have the freedom to spend my money as I choose. + +Anyways, in March & April when the market crashed I decided it was time to really dive into the stock market. I spent about 5 hours every day researching companies and Iā€™m here to share what Iā€™ve learned. + +In my opinion, **the** **companies** **you** **invest** **in** **should** **be** **an** **extension** **of** **your** **worldview.** Where do you think the world will be in 10 years+ and what industries will prosper from the change. As I was raised in a liberal family and hold these values, Iā€™m quite concerned with **Climate** **Change**. Iā€™ve taken college classes in this realm since and learned more about the risks we face. I believe that any company whose mission revolves around mitigating the climate crisis will prosper in the coming decades. + +------------------------------------ + +That being said, Iā€™ll list the companies I hold and a very brief synopsis of what they do and why I hold their stock. **Please** **do** **your** **own** **research**; this is only meant to introduce young investors to a certain mindset that I hold and the companies that I choose to support. + +-------------------------- + +1) **Tesla** **(TSLA)** + +portfolio weight: **22.86%** + +gain/loss **1026%** **gain** + +You guys all know what Tesla is about. They are the premier EV company with goals of cutting battery costs by 56% and producing 20,000,000+ cars in the decade. They also have a growing energy business with solar roofs, panels, battery storage and an autobidder software. Tesla is priced insanely high by traditional metrics. If these metrics are your investing style then itā€™s not for you. If youā€™re like me, and you look for companies to hold for decades then I believe Tesla is one of the best investments out there. What other company will benefit from the transition to renewables in response to climate change and changing political conditions? + +---------------------------------- + +2) **MP** **Materials** **(MP)** + +portfolio weight: **12.68%** + +gain/loss: **197%** **gain** + +MP is the only active rare earth mineral miner in the U.S. They produce neodymium concentrates which are important components in NDPR magnets; used in EV motors, wind turbines, electronics & much more. + +I bought MP during their early pre-merger days and have already seen considerable profits in a few months. Iā€™ve been shaving this position to keep it around 10% because it is a commodity play which can be quite risky. That being said, rare earths are expected to appreciate substantially in price as EV demand increases. Furthermore, MP is moving downstream to refine their rare earths themselves, as they currently ship them to China to be refined, and in the future they plan on manufacturing their own NDPR batteries. This will increase their margins greatly. + +---------------------------------- + +3) **Planet** **13** **(PLNHF)** + +portfolio weight **5.35%** + +gain/loss: **147.71%** **gain** + +This one is a MJ stock and Iā€™m focusing mostly on my Climate Change investments on this post so Iā€™ll keep it brief. They own a superstore in Vegas and have their own brands. I believe the MJ industry is going to explode soon and PLNHF will benefit. + +-------------------------------------- + +4) **Jinko** **Solar** **(JKS)** + +portfolio weight: **4.91%** + +gain/loss: **268.88%** **gain** + +Jinko Solar is a leading solar panel manufacturer in China. Theyā€™ve seen market consolidation in China and are poised to benefit from increasing demand and incentives around solar energy. Specifically, South East Asia is expected to see dramatic growth in renewables as China/India are responsible for a large portion of global emissions and are also seeing considerable growth in GDP and population. Itā€™s a play on the South East Asian economy and renewable industry. + +------------------------------------- + +5) **SolarEdge** **(SEDG)**: + +portfolio weight: **4.89%** + +gain/loss: **108.5%** **gain** + +SolarEdge is the global leader in panel inverters, which turn the sunā€™s D.C. current into usable electricity for households (A.C. current). The inverter space is a much more consolidated industry with higher margins than panels. They trade at a more expensive multiple and are expected to see dramatic top and bottom line growth in the coming years. Solar panels need inverters to perform; simple as that. With fewer companies focused on this space, I expect the top players to have a large market share and grow along with the solar energy market. SEDG is also expanding into the energy storage and EV charging markets with recent acquisitions. + +-------------------------------------- + +6) **Enphase** **Energy** **(ENPH)** + +portfolio weight: **4.43%** + +gain/loss: **203.08%** **gain** + +Enphase is also in the inverter market, with their differentiated microinverters. Micro Inverters are generally used in smaller systems and optimal for residential solar. Everything said above about the inverter market is true for Enphase as well. Enphaseā€™s business goes beyond inverters though. They are targeting a full residential energy ecosystem, with storage and their ā€œEnlightenā€ software App, which will manage home energy usage and sell excess energy back to the grid. Enphase is very much a play on a future decentralized microgrid, with homes trading energy to each other as prices fluctuate. + +------------------------------------------- + +7) **Canadian** **Solar** **(CSIQ)** + +portfolio weight: **4.42%** + +gain/loss: **118.32%** **gain** + +Canadian Solar is another panel manufacturing company. They are also seeing growth in market share as smaller players struggle during the pandemic. CSIQ is a low cost producer with residential, commercial and grid level projects. They are planning on expanding their recurring revenue stream through full and partial ownership of solar projects. You can read more about this on the IR page. CSIQ is a pure solar play with an international footprint and vast management expertise. They will certainly benefit from any movement towards renewables, especially if legislation is passed to set a price on carbon. + +-------------------------- + +8) **Lemonade** **(LMND)** + +portfolio weight: **3.93%** + +gain/loss: **112.52** **gain** + +Lemonade is not a climate change related investment. Itā€™s highly speculative but I think their management team and business model is really cool so I put some money in (and quickly more than doubled it). Iā€™ll be brief here, but basically they are a home/renter/pet insurance company that takes a flat 25% cut of premiums as revenue and uses the remaining money to pay out claims. They aim to align incentives by donating anything left over beyond the 25% to a charity of customers choosing. Also, their use of AI makes the registration and claims process seamless and ā€œdelightsā€ customers. + +---------------------------- + +9) **TPI** **Composites** **(TPIC)** + +portfolio weight: **3.73%** + +gain/loss: **153.99%** **gain** + +TPIC manufacturers wind blade composites. They supply the top five wind turbine companies outside of China. I wrote about them on prior posts so Iā€™ll just copy & paste here: +63% of total wind blade manufacturing is outsourced to companies like TPI and they are the market leader in this space with about 20% market share globally. The business currently has low margins, but they target a 12% EBITDA margin for the future, and they trade at a measly 0.74 P/S ratio currently. They are also expanding into EV composite manufacturing and have a contract with Workhorse to manufacture vehicle parts for them. +----------------------------- + +10) **Skyworks** **Solutions** **(SWKS)** + +portfolio weight: **2.83%** + +gain/loss: **60.57%** **gain** + +Skyworks is a semiconductor focused on connectivity chips for all kinds of devices. They arenā€™t climate change related which is the point of this post so Iā€™ll leave it at that. + +---------------------------- + +11) **Tattooed** **Chef** **(TTCF)** + +portfolio weight: **2.65%** + +gain/loss: **55.90%** **gain** + +Tattooed Chef is a play on the rising plant-based food trend. They make a variety of frozen food items, widely available in Walmart, Costco and Target. They are expanding into Whole Foods, Trader Joeā€™s and many more stores, where I expect them to be very successful. The plant based market is exploding for a couple of reasons. Firstly, there is more research on the health benefits of a plant based diet, with athletes such as Chris Paul & Todd Gurley endorsing these brands. Also, consumers are becoming increasingly aware of the threat of climate change and how avoiding red meat can have a positive impact on the planet. I expect TTCF to benefit off of these trends and continue innovating in the plant-based space. I bought in 3 weeks ago and the price has exploded since then. + +------------------------- + +12) **Workhorse** **(WKHS)** + +portfolio weight: **2.60%** + +gain/loss: **35.90%** **gain** + +Workhorse is an electric delivery van company. They manufacture last mile electric vehicles and are developing drones to further decrease last mile delivery costs. They are a play on the e-commerce industry and electrification of vehicles. Iā€™m invested in them because last mile delivery is responsible for a large chunk of transportation carbon emissions and in desperate need of electrification. I also believe that Workhorse will get a large chunk of the upcoming USPS contract which will provide a stable revenue stream. + +--------------------- + +13) **Aphria** **(APHA)** + +portfolio weight: **2.45%** + +gain/loss: **53%** **gain** + +Aphria is another MJ play for me. Once again they arenā€™t a climate change investment so Iā€™ll keep it brief. They just finalized a merger with Tilray, making them the biggest cannabis producer in the world. They are based in Canada and I believe they will be the market leader in Europe, due to their infrastructure advantage through owning CC Pharma. + +---------------------------- + +14) **Vestas** **Wind** **Systems** **(VWDRY)** + +portfolio weight: **2.40%** + +gain/loss: **197.44%** **gain** + +Vestas is the global leader in wind turbine manufacturing and installation. They are one of the few pure wind plays in the stock market, making them an attractive choice for anybody looking to get exposure to wind. A big driver if future growth will be their service and maintainace business, which their management team has been focused on in recent quarters. This is a higher margin business with consistent recurring revenues. + +---------------------------- + +15) **Facebook** **(FB)** + +portfolio weight: **2.38%** + +gain/loss: **20.61%** **gain** + +Iā€™m selling out of FB very soon but I still hold them for now. FB is an incredible business and Iā€™m sure theyā€™ll see growth in the future, but it just isnā€™t for me (anymore). I consider ethics a lot in my investments, which many of you may consider stupid but idc. + +--------------------------- + +16) **Hannon** **Armstrong** **(HASI)** + +portfolio weight: **2.18%** + +gain/loss: **57.40%** **gain** + +HASI is a REIT, which solely makes climate change related investments. They invest in the land under solar projects, energy efficient buildings and much more. HASI is a great dividend play and I expect their stock price to appreciate as climate change worries are exacerbated in the future. + +--------------------------- + +17) **Beyond** **Meat** **(BYND)** + +portfolio weight: **2.10%** + +gain/loss: **21.24%** **gain** + +I made a post with some DD earlier this year on Beyond so Iā€™ll just link that below: + +https://www.reddit.com/r/stocks/comments/if9tmj/beyond_meat_bynd_fundamental_analysis_with_my/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +--------------------------- + +18) **Brookefield** **Renewable** **Partners** **(BEPC)** + +portfolio weight: **2.06%** + +gain/loss: **87.23%** **gain** + +BEPC owns and operates a portfolio of renewable energy assets. Earlier this year they completed a merger with Terraform Power, expanding their solar & wind footprint. They are also the primer owner of hydroelectric power plants, which produce a consistent source of electricity. BEPC has a strong management team and owns valuable assets that will greatly appreciate in value as government incentives expand around renewable energy consumption. They also pay a nice dividend. + +-------------------------- + + +19) **Disney** **(DIS)** + +portfolio weight: **2.03%** + +gain/loss: **50.06%** **gain** + +Iā€™m invested in Disney mostly for some portfolio diversity. Iā€™m a big fan of their streaming platform and business strategy revolving around that. This one isnā€™t climate change related so Iā€™ll leave it at that. + +-------------------------- + + +20) **First** **Solar** **(FSLR)** + +portfolio weight: **1.84%** + +gain/loss: **70.47%** **gain** + +First Solar is an American based panel manufacturer and projects operator. They used differentiated technology with Cadmoum Telluride panels, which are supposed to increase output and lifetime at a higher cost. FSLR is just another play on the growing solar industry, and being U.S. based seems to reward them a higher earnings multiple in the market than their peers. They also have a beautiful balance sheet. + +-------------------------- + + +21) **Trulieve** **Cannabis** **(TCNFF)** + +portfolio weight: **1.44%** + +gain/loss: **5.33%** **gain** + +Trulieve is another Cannabis play. This one based in the U.S. with a large medical market in Florida. Nuff said. (Do your own research) + +-------------------------- + +22) **Star** **Peak** **Energy** **Transition** **(STPK)** + +portfolio weight **1.43%** + +gain/loss: **55.45%** **gain** + +Star peak is a brand new holding for me and already shot up like crazy. Itā€™s one of these merger companies (the word is censored on this subreddit). merging with Stem energy storage. Stem is involved in the battery storage industry, with mostly grid level storage systems. They currently have an even larger market share than Tesla and my reason for holding this stock is mostly as a hedge against Teslaā€™s energy business. + +-------------------------- + + +23) **Shopify** **(SHOP)** + +portfolio weight: **1.10%** + +gain/loss: **18.19%** **gain** + +Shopify is an eCommerce platform, which allows customers to seamlessly design their own website and process payments. Iā€™ve used Shopify in the past and am a big fan of the business, which is a big part of why Iā€™m invested. They have a steep valuation but I plan on holding for 10+ years. + +-------------------------- + +Total gain: **181.52%** + +(Note: Iā€™ve taken some profits on a few of my stocks so the unrealized gain from my current holdings is less than my ā€œtotalā€ gain by a few % points.) + +-------------------------- + +Yes, Iā€™m young and idealistic and have a lot to learn but I do know a few things. Hereā€™s some of the lessons Iā€™ve learned along my 1 and a half year journey in the market. + +-------------------------- + +1. By investing in a company, you are supporting them financially. Buying pressure on companiesā€™ stocks increases the price and allows them to raise capital more efficiently. It might be hard to hear, but **when** **you** **buy** **Exxon** **stock**, **you** **are** **helping** **them** **destroy** **our** **planet**. The same is true vice versa. + +2. **Donā€™t** **listen** **to** **anybody** **on** **reddit**. Seriously. Nobody here knows any better than you. Do your own research, form your own judgements. If youā€™re gonna pick individual stocks then following advice on reddit is not the way to go. Reading through investor relations pages is the best way to go. Watch videos and read articles about both sides of the story with different companies. Donā€™t take these videos as facts though, just absorb what other people think and judge the validity of the information for yourself. Itā€™s important to **become** **an** **independent** **thinker**. This is a slow process but eventually youā€™ll get the hang of things. + +3. **Invest** **with** **a** **10+** **year** **timeline**. This is especially true if youā€™re young like myself. Donā€™t concern yourself with daily or even monthly swings in a stock. Ask yourself if the company will be worth substantially more in a decade. If not, then say, if so then buy and hold. Donā€™t try to time the market or swing trade. Youā€™re just bringing on unnecessary risk. Buy and hold and buy some more. + +4. **Assess** **your** **own** **risk** **tolerance**. As Iā€™m sure several people will point out, my portfolio is incredibly speculative and risky from a traditional viewpoint. I have a really fucking high risk tolerance, so I invest with a ā€œriskierā€ mindset. If I were to lose all my money tomorrow, Iā€™d be fine. Iā€™m going to have a college degree in a couple years and Iā€™m not worried about being able to find a job. My reason for investing is about having the financial freedom to do whatever I want in life, and not worry about money in the future. If youā€™re investing for retirement or to pay off student loans, then I recommend taking a more conservative approach and maybe buying some index funds. However, if youā€™re young and have a stomach for risk like myself, then go crazy. + +------------------------------------ + +In conclusion, Iā€™ve had an incredible year or so in the market. I donā€™t expect to have even close to these same returns in the future, but Iā€™ve learned a thing or two and Iā€™m here to share this information. You may disagree with everything I said and all the stocks I own and thatā€™s okay! Donā€™t copy my portfolio and take everything I say with a grain of salt, however I hope you find some wisdom from this post! + + +------------------------- + +**Edit:** Since a bunch of people pointed out angrily in the comments that holding FB, DIS, SHOP and MJ stocks don't really align with "your investments should be an extension of your worldview," I agree with you guys. There are some notable exceptions, and not everything that us as humans do in our everyday lives align with our values. This is true of my portfolio too, however about 80% of the investments are climate change related, 10% weed (which I like) and the other 10% tech. If 90% of your actions in life further your world view then you're doing pretty damn good IMO + +**Edit2**: Also people seem to be pissed bc I inherited a lot of the money (3/4 of it) that I invested. I acknowledged already that I'm very lucky to be in this position and I don't really know what else to say about that, other than I aim to do something good with the money that I make +Apologies if this post comes across as quite basic, Iā€™m very new to the world of personal finance! + +So Iā€™ve recently graduated from uni and have now started on a graduate scheme earning Ā£30k. + +This morning I received an email about pension auto enrolment, where by default I pay 3% (through salary sacrifice) and they pay 6% and Iā€™ve been going back and forth on whether to opt out or not. + +Iā€™ve read the wiki and it mentions firstly, only contributing once you have an emergency fund and secondly contributing half your age. With regards to the first point, having only just started working I have no emergency fund and with regards to the second point if I do decide to start paying into the pension then should I up my contribution to 4% which will then up my employers contribution to 7%? + +Iā€™m currently thinking of taking advantage of the low cost of living in a one bedroom flat up north (~Ā£1000 pm total outgoings) and saving up for an emergency fund while also contributing 4% to my pension. Is this a good idea? Or should I focus on getting a decent emergency fund first and then start with pension contributions? + +Edit: Thank you so much everyone for such great advice, I really didnā€™t expect so many people to be so understating and helpful! I have read through every one of your comments and have decided that in the morning I will set my contribution to 6% to get the full 9% from my employer. +The capital raise provides buffer for GMEā€™s balance sheet, but also solidifies material damage to GME due to naked short selling. Ryan Cohen is playing 5D chess. When the voting results are revealed, hedges r fuk. + +Also thank you Wes Christian for an awesome and insightful AMA. Definitely grew some wrinkles on this brain today. +I know everyone is looking forward to buying property while the market dips. Please do your research before buying. There are so many new apartments out there with issues because of dodgy developers. I was just told each apartment owner in my building needs to pay $30k to fix the building structural issue. Is being a home owner really worth it? Not when you're buying shit. +Every industry is suffering from lack of employees. Be it education, health, retail, hospitality. One train of thought was that Australia relies so much on immigration / overseas workers that when covid hit and a lot of people went back overseas, we lost a lot of the workforce. However the rest if the world is facing the same situation. The US, Asia, Europe - every nation is asking - where is everyone? Does anyone on /Ausfinance have any thoughts on this? +When GME hits $5,000 you have the satisfaction of knowing that this is going to go to the millions. + +How do you know? + +Because you, and the rest of the apes youā€™ve spent the last 5 months talking to, know that this is bigger than all of you combined. + +Yes, itā€™s life changing money... but this is also a FUCK YOU to Wall Street. + +Theyā€™ve fucked us for far too long and played games with our money, expecting us to bail them out yet AGAIN for gambling away peopleā€™s pensions, 401kā€™s and now the US fucking dollar. + +They are too greedy for their own good. + +So what do we do? Hold for life changing money? no. + +We hold until they lose everything. +Until they lose so fucking hard that itā€™s a message heard all around the world. Weā€™re going to hold until every ape has the net worth of every billionaire and millionaire in the world, and then weā€™re going to use that money to make the world a better place by making sure you never get to do this shit again. Weā€™ll take it all. + +Do not fuck with my family ever again. +[This video about the hidden costs of monthly subscription services](https://www.youtube.com/watch?v=1nDzaO7Hsnk) by the Wall Street Journal just popped up on my YouTube recommended videos list. + +Ironically, [the top comment is from someone joking about how they need to cancel their digital subscription to the WSJ](https://i.imgur.com/gBV7Qwg.png)! + +This video prompted me to do a self-audit, generating a master list of all my monthly subscriptions and annual fees (excluding things like my electric bill, internet, cell phone, etc.). Seems like a good exercise for most people to try. +____________________ + +**Monthly Subscriptions:** + +1. **Cocofloss**, $7/month for two packs - premium floss that has motivated me to floss every day +2. **Spotify Family**, $15/month - shared with my siblings/spouses-in-law, so the net cost to my immediate family is $6 +3. **New York Times**, $4/month - I recently got a 6 month promo rate for digital access, but honestly I rarely have time read the news....I might end up canceling this! +4. **Netflix**, $0/month for now.....using my friend's account for free! I dogsit for him occasionally, so it's a good barter system. Even before the rate hike, I was tired of paying each month for this. +5. **Ring Doorbell 2**, $0/month because I refuse to pay for storage when companies like WyzeCam (which we use as a travel baby monitor) offer cloud video storage for free +6. **Google Drive**, $1.99/month for 100GB of additional storage (my S/O works in design and needs a reliable cloud backup service. We all have Pixels, so this is pretty seamless integration) +___________________ + +**Annual Fees:** + +1. **Hyatt Credit Card**, $79/year - gets us one free night in a Category 1-4 Hyatt property each year....this is our third year with this card and it easily pays for itself +2. **Costco membership**, $55/year - honestly we might cancel this one -- we can get almost everything from Target/Amazon, and we don't eat that much lol) +3. **Amazon Prime**, $119/year - split between my family. My dad is the primary account holder, and we only pay $30/year +4. **AAA**, $100/year - mostly a peace of mind thing at this point. I've needed towing once in the last few years. I don't know if my spouse has ever utilized their services. Maybe I could use more of their discounts on other services -- I heard they do museums? + +Edit: wow this blew up. Lots of great advice here about consolidating services, taking advantage of credit card perks, and exploiting friends and family members HAHAHA. Cheers. +I have some non-reddit friends who own the stock, who largely don't have any experience in the market. They don't understand how a short squeeze works, and are dubious of the high figures us apes know are possible and a certainty, because they aren't doing the DD. + +If nobody sells below $10M, then that's the floor. Stop doubting the process, and instead start sending out positive vibes and support to everyone else that has doubts! The easiest way to help uneasy investors is to show them that they are not alone in this fight. The few paperhands out there will provide the bit of liquidity required for the price to go up, and the diamond handed apes will take over from there. + +Edit: Also don't be a dick. There is a lot of positivity in these subs, but there is just as much (or more) negativity - especially towards people who are new to all of this. Embrace that everybody has to start from zero knowledge, and help them along. +**This is a two part DD, and this is PART 2.** + +**For PART 1, please go here:** + +[https://www.reddit.com/r/Superstonk/comments/x29utb/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29utb/how_rule_14a8_and_drsing_more_than_50_of_shares/) + +&#x200B; + +# 6. If GameStop is unlikely to recommend voting for a Shareholder Proposal, why this DD? + +So if I think GameStop would be officially against a Shareholder Proposal that may help nudge MOASS along, why am I writing about this? Well, my sincere belief is still that the interests of both GameStop's management and GameStop's retail shareholders are nonetheless aligned: to enable true price discovery, by having naked short sellers close their positions. Even if the company is unable to instigate such a move easily through their own volition, or direct retail towards helping to achieve that goal, I do think that is what ultimately both parties want. And also potentially require each other's help, in order to turn into reality. + +This is where I believe some reading between the Ines is necessary, for what GameStop's official stance is and what help they want from their shareholders may be quite different. There are two reasons that make me think this, the first being the regular releases in the Quarterly Updates of the number of shares DRSed. Such direct registration is in effect a share recall - something GameStop's management has not set as a strategic goal for the company. So if they have not called for a share recall, and if they have not directly asked anyone to DRS, then why are they the only company that regularly publishes DRS figures? + +The second reason I believe there is more to GameStop's messaging than what may first meet the eye - and the inspiration for this entire DD and post - is this tweet by Ryan Cohen earlier this month: + +https://preview.redd.it/9mhpb52fw0l91.jpg?width=1768&format=pjpg&auto=webp&s=5cd05f5d76ba6ee6c9655d5d8ea7c08c7532e89f + +Some of you may feel I have misunderstood this tweet, and read far more from it than Papa intended. I respect that opinion but disagree with it and, in any case, feel all potential interpretations should be explored. Ever since he tweeted that message, in my mind it is a signaling that along with the share recall already taking place through DRS, there is more that retail shareholders of the company can do. The most fundamental thing holding GameStop back from where it should be, is the extreme drag caused by the illegal naked shorting and daily criminal manipulation of its stock. If an individual shareholder can take a proactive step to stop the price suppression, personally I know I would love to help Ryan as much as possible! + +&#x200B; + +# 7. Could Shareholder Proposals be a form of coordinated collusion? + +Before proceeding further, I want to address the thought that some of you may have about the above question. Let's go back again to the SEC's eligibility criteria for making a Shareholder Proposal: + +[https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf](https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf) + +***You may not aggregate your holdings with those of another shareholder or group of shareholders to meet the requisite amount of securities necessary to be eligible to submit a proposal.*** + +It is only possible for a Shareholder Proposal to make it to a vote by the general shareholder body if this is put forward by a solitary individual investor. For a company to include a Shareholder Proposal by a group of people would mean the company itself is in breach of regulations, as also detailed in Rule 14a-8. When the Shareholder Proposal is put to the vote, there is nothing forcing individual investors to act in unison, as there is nothing binding retail to act as one body. Hence it is simply out of the question for a Shareholder Proposal to be construed as compelling others to collude with the proposer, as it is simply advocating a vote and not manipulating the stock itself. + +Furthermore, Gary Gensler has himself already ruled out the possibility of simply sharing ideas in internet forums, such as the platform you are reading this DD on, as being a form of collusion: + +[https://www.ai-cio.com/news/gensler-stands-up-for-the-robinhood-gang](https://www.ai-cio.com/news/gensler-stands-up-for-the-robinhood-gang)/ + +*^(Appearing on Jim Cramerā€™s CNBC show, Gensler said he found no problem with this coordinated investing by the tyro investors. Cramer disagreed, saying all collusion is bad. ā€œIf 5 million people decide to smash a hedge fund thatā€™s short, is that OK?ā€ Cramer asked, referring to meme crowd, vis-Ć -vis GameStop. ā€œWhatā€™s within the bounds of what you can do to smash a short seller?ā€)* + +*^(GameStop is at the heart of the anti-establishment war of the meme investors. They believe the shorts are unfairly attacking the video game seller by undermining its stock price, in a bid to drive the already-troubled store chain out of business.)* + +*^(Although Gensler wouldnā€™t talk about GameStop specifically, he said there was nothing wrong with individuals reaching out to one another to discuss potential investments and enlist others to adopt their trading ideas. Namely, to bid up heavily shorted stocks and thus hurt hedge funds in a short squeeze.)*Ā  + +*^(ā€œPeople come on your show and they advocate either to buy or sell a security,ā€ Gensler told Cramer. ā€œBefore we had television, people did it on the radio. Now we have various social media platforms.ā€)* + +*^(Such freedom of communication among disparate retail investors is no sin, Gensler indicated. ā€œThatā€™s not only free speech, but itā€™s part of what makes our capital markets robust, that people can disagree and disagree using the media of the day.ā€)* + +&#x200B; + +# 8. When Rule 14a-8 could become a powerful tool and ignite the end game + +I have conjectured in the previous sections that, at least publicly, GameStop would recommend voting against any Shareholder Proposals put forward by individual investors. One question I had in mind when conducting the research was whether a company's management team are themselves bound to voting in the manner they recommend in a proxy statement. The question thus becomes whether shareholders votes are fully anonymous, to the extent of concealing all votes including those of Insiders. + +There was surprisingly little information I could find confirming one way or the other. Certainly what I can say is that the results of corporate elections are invariably vote totals only, for and against proposals discussed in shareholders meetings. As such I believe this extends to the voting decisions of Insiders as well, and could no precedents of Insiders' (or anyone's for that matter) voting decisions being made public by the tabulators of votes, transfer agents such as ComputerShare. + +On the actual question of whether Insiders always vote in line with management proposals, again very little information I could find that answers this decisively. However there was a research paper I found -Ā  *"Strategic voting and insider ownership"* by Blair B.Marquardt, Brett W.Myers & Xu Niu published in the Journal of Corporate Finance, Volume 51, August 2018 - which indicates that this is up in the air. They have stated the following passage, which implies that individual Insiders can vote in agreement of or against their own voting recommendations: + +[https://doi.org/10.1016/j.jcorpfin.2018.05.002](https://doi.org/10.1016/j.jcorpfin.2018.05.002) + +*Alternatively, consider the case where management owned 10.0% of voting shares. Management* ***presumably*** *votes in favor of their own proposal...* + +This being the case, there could be a scenario where a company's Board of Directors recommends publicly to vote against a certain Shareholder Proposal, but then proceeds to not follow their own advice and they themselves vote in its favour! With the anonymity which we have established is standard practice for such elections, this becomes a distinct possibility. Hence I believe it is feasible that GameStop's Insiders vote in favour of a Shareholder Proposal that is aligning with their own interests, such as one that could ultimately lead to true price discovery of the company's share price. + +If my hypothesis is correct, then there could be a scenario where both retail investors of GameStop as well as its management team, have it in both parties best interests to vote in unison for a Shareholder Proposal. However, there is a question mark over the legitimacy of broker-dealer proxy voting, and whether shareholders' rights would be exercised as per their will. It is my conjecture that the more likely the Wall Street cabal is to be disrupted or even destroyed by the outcome of a shareholder vote, the more likely proxy voting will be criminally manipulated to act against retail. + +https://preview.redd.it/by7tp8oyw0l91.jpg?width=1002&format=pjpg&auto=webp&s=71d4d67d29e94a18df36249d6b5ddef03a86358f + +When, then, could Rule 14a-8 lead to a decisive shareholder vote that tips the balance against short sellers? I believe when it becomes extremely difficult for non-direct registrants to represent the majority of votes cast in a shareholder vote. Directly registered shareholders are Insiders and retail investors whose shares have been DRSed and held by ComputerShare. Therefore it is my belief that when these two groups have stock ownership which represents the majority of shares outstanding, voting against certain types of Shareholder Proposals put forward by individual shareholders may become very difficult for other shareholder groups to effect. + +https://preview.redd.it/vcehfvm0x0l91.png?width=1686&format=png&auto=webp&s=9399be5622d0584b9482fdc46754cc414bee499a + +Using the data available at [computershared.net](http://computershared.net/), can see that in order to form a majority of votable shares, must be greater than half of shares outstanding at 152 million shares. With 77 million DRSed and 38.5 million held by Insiders for a combined 115.5 million, current progress is therefore slightly under 38% of the way there. Hence even if Insiders do not increase their share count at all, another 37.7 million shares would need to be DRSed to reach more than half of shares outstanding. + +Note that in the last month, the DRS total grew by 9.8 million shares. If this rate of direct registration continues, the Insiders+DRSed figure would become greater than 50% of shares outstanding on exactly Christmas Day! The annual shareholders meeting would at that point be a little over six months away. Hence with that same rate of DRSing, could represent even over 203 million shares - 67% of shares outstanding - by that next scheduled meeting. In fact, that would mean that DRSed shares alone would be the majority of shares outstanding, at 54% of the total at current growth rates... + +However the Chairman, CEO or Board could call a special meeting at any time before that as well, as I detailed in section 1. So the closer the Insiders+DRSed figure gets to 50% of shares outstanding, potentially the more likely that such a seminal turn of events may take place. Should a valid Shareholder Proposal have been submitted before that point, and assuming an exclusion request to the SEC has been turned down, GameStop would have no choice but to include said proposal with whatever other business or votes the company wants direction from at the special meeting. + +Note also that under the terms agreed in mid-2020, RC Ventures can increase ownership from 11.9% to 19.9% of shares outstanding also, which represents another 24.2 million Insider shares. With the current rate of DRSing, it may be possible to get to Insiders+DRSed representing 42% of shares outstanding by about six weeks from now, in mid-October. As unlikely as it may currently seem, Ryan Cohen thus only needs to activate his 8% of shares outstanding buying power at that time, to get to the magic 50% mark. + +My point is, a Shareholder Proposal has a chance of being put to a general shareholder vote sooner than it may initially seem. How quickly that could happen is dependent on the rate of DRSing, the potential for Insider ownership to also increase, and the success of a skillfully presented Shareholder Proposal passing through GameStop's and potentially the SEC's screening process. Despite the lack of precedent of GameStop's individual investors having Shareholder Proposals voted on, there is always the first time for everything, in these extraordinary moments the company has beeĀ  through over the last couple of years. + +Lastly, let me note that votes undertaken based on Shareholder Proposals are typically non-binding, meaning companies are not forced to action these. However if the result of the vote is decisively in the favour of such a proposal, the Board would have strong grounds to effect the will of the majority of shareholders with less pushback. I believe any actions the company takes which hurts short sellers is likely to face some litigation, similar to what the towel company is undergoing right now. However the greater the majority of shareholders backing a certain Shareholder Proposal, the more the Board will be compelled to act with fiduciary duty on their behalf, and thus less likely to face accusations of attempting to proactively trigger MOASS themselves. + +&#x200B; + +# 9. What triggers - potentially topics for Shareholder Proposals - could help instigate MOASS? + +In this final section I consider possible actions that GameStop could take, but their management are potentially unable to carry out without majority shareholder backing, that could trigger MOASS. As I have stated in the title of this section, should such a trigger be the topic of a Shareholder Proposal and favourably voted on in a shareholders meeting, GameStop would have cause to inact it. I will then explore a couple possible trigger mechanisms that GameStop's Board may be compelled to action, by having an individual investor's Shareholder Proposal positively backed by the majority of shareholders. + +To help me do this, I will turn to some previous work from earlier this year that I shared on the sub. In the spring I published a series of posts entitled "The Walls are closing in on Wall Street", which explored various mechanisms that, in my personal opinion, could lead to MOASS. Not all of these are relevant to the topic of Shareholder Proposals, but below are links to those posts in case you are interested to do further reading: + +**Walls 1 to 9:**[https://www.reddit.com/r/Superstonk/comments/smjczz/the\_walls\_are\_closing\_in\_a\_comprehensive\_look\_at](https://www.reddit.com/r/Superstonk/comments/smjczz/the_walls_are_closing_in_a_comprehensive_look_at)/ + +**Update on above:**[https://www.reddit.com/r/Superstonk/comments/swbyfq/the\_walls\_are\_still\_closing\_in\_an\_update\_on\_9](https://www.reddit.com/r/Superstonk/comments/swbyfq/the_walls_are_still_closing_in_an_update_on_9)/ + +**Walls 10 to 12:**[https://www.reddit.com/r/Superstonk/comments/sykuo4/those\_walls\_just\_keep\_closing\_in\_yet\_more\_ways](https://www.reddit.com/r/Superstonk/comments/sykuo4/those_walls_just_keep_closing_in_yet_more_ways)/ + +**Walls 13 to 15:**[https://www.reddit.com/r/Superstonk/comments/szil48/more\_walls\_closing\_in\_on\_the\_hedgeturds](https://www.reddit.com/r/Superstonk/comments/szil48/more_walls_closing_in_on_the_hedgeturds)/ + +**Walls 16 to 18:**[https://www.reddit.com/r/Superstonk/comments/t3t7as/walls\_closing\_in\_on\_hedgies\_part\_5\_another\_three](https://www.reddit.com/r/Superstonk/comments/t3t7as/walls_closing_in_on_hedgies_part_5_another_three)/ + +Some of these "Walls" are market mechanics that GameStop has no control over. Others are connected to stricter regulatory enforcement that could lead to SHFs being forced to close their naked short positions, again not something GameStop has direct control of. So far none of these has turned from theory into reality, of course. That potentially indicates that SHFs are still in a position to manipulate either the market or enforcement agencies, so as not to be susceptible to these possible kinds of triggers of MOASS. + +However a few of these "Walls" are business actions that GameStop can themselves undertake which can hurt SHFs, and there are of course likely others I have not identified. It is my belief that a couple of these, in particular, could lead eventually to a high volume of short positions being closed, including through forced closing i.e. SHFs failing margin calls. These two are: + +https://preview.redd.it/zef6y8m7x0l91.jpg?width=1768&format=pjpg&auto=webp&s=5ac1d79bf7b746a4a73ef011989e4712946a8876 + +https://preview.redd.it/x09mdj99x0l91.jpg?width=1590&format=pjpg&auto=webp&s=5702c8d4c243759657b74584bff829c950b9a598 + +As I said, there could be other potential trigger events, but it is my firm belief that NFTs have the power to destroy the SHFs, in ways like no others. However due to this very fact, it can be very difficult for GameStop themselves to carry out business actions specifically aimed at addressing the naked shorting of its stock. As we saw with the Overstock case, their issuance of a digitalised dividend resulted in multiple lawsuits, that took great time and effort to finally be resolved. Those legal battles did set an important precedent for future similar actions by corporations, however, which I flagged to the sub last year: + +[https://www.reddit.com/r/Superstonk/comments/ptvq89/the\_overstock\_court\_ruling\_in\_utah\_yesterday](https://www.reddit.com/r/Superstonk/comments/ptvq89/the_overstock_court_ruling_in_utah_yesterday)/ + +https://preview.redd.it/zepf55obx0l91.png?width=1768&format=png&auto=webp&s=864b25c52b3835b4d9cfbb8c758d8fa47551af9a + +Although GameStop may thus have important cover due to this ruling, in the event of utilising NFTs to shed the shorts, no doubt lawsuits will still likely be filed by accusatory bad actors from Wall Street and beyond. However this is where I believe the power of a Shareholder Proposal, raised by a single individual investor but that has the backing of the majority of shareholders, would add undeniable legitimacy to carrying out such actions. If a Shareholder Proposal calling for an NFT dividend or an NFT-backed spin-off receives overwhelming support, GameStop's management would have a fiduciary duty to action this, in my opinion. + +This is why I believe a solitary retail investor could, by using the rights afforded to them by Rule 14a-8, be the catalyst for MOASS. By submitting a Shareholder Proposal that passes with majority support, GameStop would be compelled to action what could be a trigger for SHFs closing their short positions. Therefore I really feel that a combination of using Wall Street's own rules against them, and the steady "takeover" of shares outstanding through DRS, can set up the perfect endgame. And as I outlined in Section 8, the timeline for effecting this could be a mere weeks or months away. + +Of course MOASS could happen through a myriad of other "Walls", including before 50% of shares outstanding are directly registered. But this is the only approach within the power of any single one of you to enact. Not financial advice, but YOU could therefore truly be the catalyst for MOASS... + +&#x200B; + +# 10. Summary + +* Section 14(a), Rule 8 of the Securities Exchange Act of 1934 empowers eligible individual investors to submit Shareholder Proposals to the Board of Directors of a company +* The rule gives several reasons for a company to request such a proposal to be excluded, however the default is to include these and thus most pass through the screening process +* In that case, companies are obliged to put the Shareholder Proposal to a vote by the entire shareholder body, either at its annual meeting or in GameStop's case by calling for a special meeting +* Companies almost invariably recommend for such Shareholder Proposals to be voted against, even very meritorious ones, as that has become the standard business approach for dealing with them +* GameStop is likely to follow a similar approach and advocate voting against any Shareholder Proposals, especially if it is one that could potentially be seen as opposing SHFs +* However privately they may well be in strong favour of such proposals, and only going with the grain so as to prevent lawsuits, as has occurred in similar past situations with other tickers +* Indeed, some of the twitter messages by Ryan Cohen himself could, in my opinion, be taken as a call for individual shareholders to carry out actions that are beneficial for the company +* Shareholder Proposals could become extremely powerful when more than half of shares outstanding have been directly registered, either by Insiders or by retail DRSing +* At that point, any shareholder vote is tipped in favour of these two types of investors, as they would form the majority of those eligible to cast votes +* In GameStop's case, current rates of DRSing could mean more than 50% of shares outstanding are owned by Insiders and Retail in the next few weeks and months +* There are several actions that GameStop could carry out to instigate MOASS, however their management may be reluctant to do so for fear of litigation by SHFs +* On the other hand, a Shareholder Proposal could be put to a vote by the shareholder body, and if receiving majority support compel GameStop to action without litigious accusations being possible +* If such a proposal is advocating steps such as issuing an NFT dividend or NFT-based spin off, it is my opinion that inacting these provide the greatest probability of triggering MOASS +* Therefore an individual investor may, by putting forward an appropriate Shareholder Proposal in the near future, set off a chain reaction that eventually leads to SHFs' positions being force closed +* Hence using the power of Rule 14a-8 and DRS, a solitary individual investor - one single Ape - could perhaps fulfil Ryan Cohen's rallying call to "ask what you can do for your company", and themselves become the catalyst for MOASS... + +&#x200B; +And even when it does, it's hidden under the glossary. See for yourself - [https://www.sabsepehlelifeinsurance.com/](https://www.sabsepehlelifeinsurance.com/) + +Dhirendra Kumar wrote about this for ET this week - [https://economictimes.indiatimes.com/wealth/insure/life-insurance/term-life-cover-is-the-best-type-of-sabse-pehle-insurance-then-why-is-this-option-being-hushed-up/articleshow/90740154.cms](https://economictimes.indiatimes.com/wealth/insure/life-insurance/term-life-cover-is-the-best-type-of-sabse-pehle-insurance-then-why-is-this-option-being-hushed-up/articleshow/90740154.cms) + +Now majority of this sub will know the answer to why, but I'm just sharing it to show that perhaps IRDAI is still blind in its attempts to fully regulate the industry. Similar thing has happened in the past with the Aarogya Sanjeevani standard health plan. None of the major insurers advertise it or even have a major section for it on their website. + +It's worrying to see that this is what a common investor will look at (with all the ads these guys are doing) and never learn about term plans over ULIPs or endowment plans. + +Thoughts? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +It was very anticlimactic, I got a receipt and then got the app deleted. + +EDIT I paid it off 13 months early + +Then got a $2.31 monthly deduction on my car insurance. + +But reader? It is done and I will never again purchase a car on finance again. + +I have Until the years end to build the rest of my emergency fund for three months and Iā€™m so excited to achieve that goal. + +Itā€™s never too late to begin financial literacy + +I am solo 37f mortgage holder and basically putting back into place good financial habits ahead of ā€¦interest rates Armageddon. + +Recently refinanced to a better rate and got cash back. Have checked all my insurances and optimised my super. + +Sorry I have no one to tell +Financial things to iRl + +EDIT I paid it off 13 months Early +It's a good thing that shorts covered back in Jan 2021 as the ads they posted claimed. And the media they paid echoed. Otherwise they'd be totally and completely screwed. Hosed. Demolished. Bankrupted. They really dodged a bullet! Good thing they didn't sell tons of fake shares either. Phew, really dodged a bullet there. šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +The [CPI](https://www.bls.gov/news.release/cpi.nr0.htm) is out and shows inflation slowing. The increase was 0% month-over-month, and 8.5% year over year. June had shown 9.1% year-over-year. The gasoline price index is down 7.7%. + +While the move downwards is small, it does signal inflation is cooling. +My son was born in Indiana but we quickly discovered he was having issues breathing on his own. He was air lifted 2 hours away to Indianapolis where he spent 2 nights in NICU connected to ECMO. We discovered he never fully developed blood vessels to carry blood to/from his lungs and heart. + +He passed away 3 months ago and we recently received the bills. My GF was on Medicaid for pregnant women which covered $5,000 but the remaining balance is $208,000 + $50,000 for helicopter transport. The minimum payments are about $250/mo. We both work full-time but we'd never be able to pay it in our lifetime. + +Our situation seems bleak so just asking if we have any other options? + +Thank you guys. Much love to everyone. + +My phone won't stop vibrating and this is making me emotional right now. I showed my GF all of your replies and we will sit down tonight to sift through this together. + +You're all amazing and we appreciate you so much. I'll answer questions and post updates as I'm able to. + +Thank you again ā¤ļø +At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stable currency of all time. + + +**Hello everyone,** + + +**TL;DR What would you do if you portfolio size was 1m+? Would you still manage it yourself (investing in low cost index funds etc) or would you hire a professional?** + + +**I am 30 years old and I first started investing at the end of January. I used Interactive Brokers and 80% of my funds went into ETFs (CSPX, MSCI world etc) & 20% of my funds went into individual stock picks (I know, I know - not smart).** + + +**I started with approx 200k euros and I kept adding to my positions every week. At the end of September, I had 400k in my account. Out of the 400k, 30k was profit.** + + +**I am lucky enough to be able to earn a lot of money from my business (60-70k+/mo). I try to spend around 5-6k/mo and invest the rest. Naturally, my portfolio grows pretty fast.** + + +**About a month ago I decided to liquidate all my positions. On a 400k portfolio, 1-2% daily fluctuations could be 4-8k in profit/loss every single day. I realised that I couldnā€™t stomach the volatility.** + + +**I completely understand that this is a long term game. I know that I shouldnā€™t even care about the daily/weekly/monthly performance. With all those people talking about a global recession though itā€™s very hard to close my ears and focus on my end goal. I am not really (mentally) ready to lose 40% of my portfolio in case a recession finally hits the markets.** + + +**During the trade war escalation, there were days that I was down 20k. I couldnā€™t work, I couldnā€™t sleep, I couldnā€™t eat.** + + +**I decided to work with a big, Geneva based, wealth management company and let them manage my funds. They said that now itā€™s time to play defense and be well diversified. They charge 1% annually and the bank (Rothschild) charges another 0.3%. I know how the fees can eat up your margins when they compound throughout the years but I believe that itā€™s more safe to have a professional to actively manage my portfolio atm. At least till the next recession.** + + +**What is your opinion? For large portfolios (1m+), is it wiser to hire a professional to manage your funds? Does the average investor actually have the stomach to deal with a 40% loss of his lifetime savings?** +Amazon have started a hiring freeze, facebook is letting go of 13% of their staff, so to twitter. Is your company still actively hiring/firing or freezing? +Theyā€™ve seen some stupid kitchen thing while browsing Black Friday deals and said ā€œwe can save X amount because itā€™s on saleā€. Iā€™ve tried saying that weā€™re not saving anything, weā€™re spending but they just donā€™t understand. +By market capitalization today, Shopify is US$75.6 billion and TD is US$70.5 billion. Itā€™s closing in on RBC at US$84.8 billion. + +Anyone buying Shopify lately? +[Source from CNBC:](https://www.cnbc.com/2021/08/03/robinhood-surges-10percent-runs-past-38-ipo-price.html) + +> Shares of Robinhood soared Tuesday, pushing the newly public stock trading app well above its IPO price of $38 per share last week. + +> Robinhood went public last Thursday on the Nasdaq under the ticker HOOD, hitting the public markets it seeks to democratize. The stock priced at $38 per share, the low end of its offering range. It opened at that price on Thursday but then fell 8% on its first day and had largely traded below that price, until Tuesday. + +> Robinhood's stock last traded at $47.40 per share, up 25% on Tuesday. +On its face, itā€™s obviously great for Bitcoin if El Salvador adopts it as its legal tender. There are, however, nuances in the internal revenue code that make this news much bigger than most realize. + +Most know that when trading foreign currencies gains must be reported and are taxed. But Section 988(e) carves out a *de minimis* exception for ā€œpersonal transactionsā€ where the gains do not exceed $200. + +This is intended to allow travelers to transact in foreign currencies without all of the burdensome reporting requirements. + +So far, Bitcoin has not qualified for this exception. Under IRS Notice 2014-21, the IRS opines that Bitcoin is ā€œpropertyā€ and not a ā€œcurrencyā€ because ā€œ**it does not have legal tender status in any jurisdiction**.ā€ There is a good argument, though, that once Bitcoin is ā€œlegal tenderā€ in El Salvador, it will qualify for US individuals as a ā€œnonfunctional currencyā€ (under Section 988), allowing individuals to forgo reporting gains on small, daily transactionsā€”ā€œpersonal transactions.ā€ + +In other words (**tldr**), if Bitcoin is legal tender in El Salvador, US citizens could possibly freely transact in Bitcoin, as a ā€œnonfunctional currency,ā€ without a need to report gains of less than $200. + +Thatā€™s potentially huge news for retail US citizens, but **there is also huge news for US Bitcoin businesses.** + +Most US businesses use the US dollar as their unit of account for bookkeeping and reporting. However, there are cases where businesses operating primarily in foreign jurisdictions use a foreign currencyā€”the unit of account does not have to be USD. The unit of account used by the business is the ā€œ**functional currency**ā€ of the business and, perhaps, even an individual (see Sec. 985 IRC). If a businessā€™s ā€œfunctional currencyā€ is a foreign currency, it does not have to bother with gains/losses related to USD fluctuations. + +Again, under Notice 2014-21, Bitcoin cannot qualify as a functional currency. And, again, this could change if El Salvador adopts Bitcoin as legal tender. + +**Final tldr** If Bitcoin becomes legal tender in El Salvador, IRS Notice 2014-21 may become partially null, relieving US individuals and business of huge tax and reporting burdens, paving the way for Bitcoin to legally and easily be used as a currency in the US. + +*Disclaimer: I am not a tax lawyer. The discussion and analysis on this should be much more detailed before financial decisions are made. Iā€™ve written this to be used as a starting point for discussion with a tax lawyer.* + +**Edit**: Many have pointed out that Japan recognized Bitcoin as ā€œlegal tenderā€ in 2017. They did not. A lot of misinformed authors incorrectly wrote that, but there is a distinction between Japanā€™s legal recognition of Bitcoin as a form of payment and what the Code/Regs/precedent considers ā€œlegal tender.ā€ I think (and hope) that El Salvador will truly recognize Bitcoin as legal tender. + +**Edit 2**: A Decrypt article mentioning this thread and citing former IRS counsel to point out additional nuances. https://decrypt.co/73101/el-salvador-legal-tender-move-unlikely-to-change-us-tax-on-bitcoin-former-irs-counsel. FWIW, I agree with most of whatā€™s written. Particularly, (1) if Bitcoin is currency, all gains over $200 would be treated as ordinary income rather than capital gains and (2) the IRS will likely need to be challenged before their is clarity on whether Bitcoin will qualify as a currency rather than ā€œproperty.ā€ I disagree that it will require ā€œmore and moreā€ countries to recognize it as legal tenderā€”one should be fine, but it is true that there will likely need to be evidence that Bitcoin is actually commonly used for personal transactions (not just a pretextual ā€œlegal tenderā€). With the lightning network quickly gaining momentum, I expect El Salvadorā€™s move to be the catalyst that starts to convert Bitcoinā€™s usage from just a store of value to also a common medium of exchange (i.e., a currency). +I donā€™t have a network of friends with deep enough pockets for investing. I donā€™t have enough equity in my home to refinance and take out cash for investing. And so far have not had any luck finding an investor to assist. The area where Iā€™m located is booming in rental cabins/homes for vacationers. Drawing 10 million visitors per year. Rentals go from $100-$500 per night based on size/bedrooms available. The demand is here and growing. Iā€™m looking to take advantage of the demand for rentals. Any suggestions on where to pitch my ideas and plans? I have architectural drawings building plans, take offs for materials needed. And costs to build. I know what the costs will be and what the return on investments will be. Whereā€™s the investors at? + +Hey Apes + +What seems like a very long time ago now, I began pushing eToro to provide evidence that they have registered shares and allocated them to my name like they have advertised. + +Since then, the AFCA has finally assigned my case to a worker. But also since then, I wised up, grew some wrinkles and bought a share from giveashare.com and decided to be brave and start my own transfer process out of eToro. (I have XX shares in eToro and X shares in CS, slowly getting across to the land of purple circles.) + +But I have been contacted recently from the AFCA and the case has begun. eToros initial response to AFCA was to screen shot their final email to me stating they will not transfer shares nor will they provide evidence that shares are registered and allocated to my name. + +I will add some part of the AFCA email to me (removing dates, and personal information, also anything that could affect my case in anyway). +I will also add my email I have sent back, Iā€™m too smooth to know how to add pics here so Iā€™ve found away around it. + +Please donā€™t put me down if what Iā€™ve replied back is too smooth. Iā€™m out here doing my best, trying to help any of those still stuck with eToro. + +Partial email from AFCA: + +This letter sets out: + +ā€¢ my understanding of the complaint and the issues I will investigate ā€¢ the information you need to send me by - date - + +ā€¢ information we have received from eToro (separate attachments) +If you cannot send me the information I am asking for by - date - please let me know straight away. + +Because I will share the information you provide with eToro, only give me information that is relevant to the complaint. + +I believe the complaint may resolve by negotiation. I will continue discussions with you and eToro to see if this is a possibility. + +If the complaint is not resolved, I will continue with my review of the information provided by both parties. I will then provide a preliminary assessment about the merits of the complaint. + +After this, if the complaint is still not resolved or if you or eToro do not accept the preliminary assessment, we will issue a final decision. + +My understanding of the complaint +You say you purchased shares in GameStop (GME). You say you are concerned about the current state of GME shares and believe it is shorted in the market. + +You say: +ā€¢ eToro is unwilling to transfer your shares off platform. +ā€¢ eToro is unwilling to issue you a letter to confirm the number of shares you own. + +You say you are seeking either a letter to confirm your allocation of shares or a transfer of your shares off platform as resolution of this complaint. + +eToro says your shares are held on trust for you in a registered Managed Investment Scheme and you are the beneficial owner of the shares. eToro says a custodian is in control of the Schemeā€™s assets and this structure provides protection to clients of eToro. It further says the Scheme Constitution does not provide for transfer of individual securities from the Scheme to clients, however, it can sell proceeds. + +End email. + +My response: + +Dear AFCA MAN + +I appreciate eToros attempt to resolve this situation, unfortunately from my view, this issue still remains unresolved. +As you can see from eToros response, the information I have requested has not been provided. There is also no reasons provided as to why transferring of shares or proof of registered shares can not be given. + +I have read through the eToro terms and conditions, I have searched for information across the ASIC website. And I am yet to find any statement suggesting eToro/Gleneagle asset management, have rights to refuse cooperation in transferring shares, nor can I find any statement claiming eToro has the right to refuse evidence of shares being registered. +Is it legal for eToro as a broker to refuse the option of transferring shares? + +I have attempted to make contact with GAML through their website, I sent an enquiry with my email address given, regarding the issue of proof of registered shares. Although I did not get a response. +Can we also engage in requesting information from Glenagle Asset Management ltd? +What are the reasons they refuse transfer of shares? Is this illegal of Australian laws to refuse an investor the option to transfer from one broker to another? Will they provide evidence that GME shares have been registered and allocated? + +I have researched GAML and itā€™s history as a company. Formerly trading as Trimcom investment management limited, I found articles with information explaining market manipulation by Trimcom. Although this is different circumstances, the issue remains the same that the trust of these companies is not there. And as a retail investor I have decided I will need evidence provided that all parties involved in this trade are being fair and honest. + +Focusing on the issue of transferring shares, I want to attach an example of the type of feedback customers are getting when requesting share transfer. This was posted to eToros news feed in the eToro App: (Iā€™ve added a link of the screenshot I used) + +[screenshot of eToros response to DRS](https://www.reddit.com/r/Superstonk/comments/rai7ey/go_to_twitter_tag_etoro_and_tell_them_your/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +A major broker with a massive international customer base claims they have only recently heard of the DRS. That is a concern. +Another major concern is the transparency not provided, eToro continues to refuse to offer any evidence that any shares have been registered and allocated. +My positions have been closed due to ā€˜technical errorsā€™ causing stop losses to be added to those positions, this is another concern. + +Investors across the globe are constantly asking eToro the same questions and are being ignored. + +[I used this video to send screenshots of DRS requests](https://www.reddit.com/r/Superstonk/comments/q982q5/i_am_so_proud_of_etoro_apes_the_comment_section/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +This is a small example of these requests being made via eToros news feed. + +I believe these requests are very simple, and I believe I have the right to see these requests fulfilled. + +Summary: + +Do I have legal rights to obtain the information I have requested? + +eToro states they have purchased the shares on my behalf: + +There has been no proof provided that eToro has purchased the stock in my name. + +What legal reasons does eToro/GAML have to refuse transferring shares from one broker to another or to the DRS? +Do the laws in Australia state that brokers must allow retail investors the right to transfer shares from broker to broker? + + +References: + +Name: GLENEAGLE ASSET MANAGEMENT LIMITED +ACN: 103 162 278 +ABN: 29 103 162 278 +(External Link) +Registration date: 13/12/2002 +Next review date: 15/02/2022 +Former name(s): GLENBRIDGE ASSET MANAGEMENT LIMITED, TRICOM INVESTMENT MANAGEMENT LIMITED + +Status: Registered +Type: Australian Public Company, Limited By Shares +Locality of registered office: SYDNEY NSW 2000 +Regulator: Australian Securities & Investments Commissio + +Trimcom fined for market manipulation - + +https://www.smh.com.au/business/record-fine-for-tricoms-manipulation-20090710-dg0q.html + +eToro terms and conditions: + +https://www.etoro.com/wp-content/uploads/2020/05/Combined-FSG-eToro-Capital-GAML-20.05.2020.pdf + +https://www.etoro.com/wp-content/uploads/2021/12/Combined-Account-Terms-eToro-GAML-DVS_-crypto-transfer-and-trust-amendments-07.12-1.pdf + +https://www.etoro.com/wp-content/uploads/2021/06/Combined-PDS-Non-NDC-eToro-Capital-GAML-21.06.2021.pdf + +Potentially relevant information: + +CP 291 Reporting rules: Derivative retail client money. - https://asic.gov.au/media/4509276/rep546-published-10-october-2017.pdf + + +Complying with the ASIC Client Money Reporting Rules 2017 - https://asic.gov.au/regulatory-resources/financial-services/complying-with-the-asic-client-money-reporting-rules-2017/ + + +Kind regards, + +Ape man. + +End of email. + +Please bear in mind I wrote this up while I should have been workingā€¦ If anyone can add to this positively, that would be much appreciated. Anyone else stuck on eToro looking for an out - my non financial advice would be, have a look at giveashare.com. Begin the process. +There was a great post over on r/BATproject about why BAT is the next big thing and I think it's important more people see it. + +BAT is from the inventor of JavaScript and founder of Mozilla & Firefox, Brendan Eich. + +BAT is an Ethereum ERC20 token, which means you can use common hardware wallets like the Ledger Nano, MyEtherWallet, etc. + +BAT is backed by Silicon Valley VCs like Peter Thielā€™s Founders Fund, among others. + +Coinbase CEO Brian Armstrong tweeted on March 30th, 2017 that BAT is ā€œexactly the sort of token we'd like to support on Coinbase and GDAX over the coming year, make it easy to buy/sell these with gov currencies.ā€ + +One of BAT's close advisers is Ankur Nandwani, who is/was Product Manager at Coinbase. He was the one who announced that Litecoin was added to Coinbase. + +$BAT was recently added to a spate of exchanges, including big Chinese exchanges like Binance and Huobi. + +You will be able to get paid for choosing to view ads with the BAT Ads program. Users receive 70% of ad revenue. Yes, 70%. + +Brave & BAT have been covered in a lot of mainstream news recently, including Bloomberg, NASDAQ, CNET, Engadget, TechCrunch and more. It has also been promoted by Ubuntu Linux (on their FB page with 1.3m followers) and Rocket.Chat (on their official blog). + +BAT is not limited to the Brave web browser but will be extended to other browsers via extensions (where APIs permit) and other attention-economy apps like chat messengers, podcast apps, games, etc. + +Brave Payments, which utilizes $BAT, currently supports YouTubers. Support for Twitch, Reddit and Twitter, etc. have been confirmed. Brave Payments allows you to easily tip your favorite publishers and content creators, Patreon-style. + +Over 1000 websites and over 600 YouTubers have been confirmed as verified publishers with the Brave Payments programā€”and counting. This includes big channels like Phil deFranco who has 6 million subscribers. (You can still tip/donate to your favorite sites/creators even if they arenā€™t yet verified since the $BAT will be held in a wallet for them to claim.) + +The Brave web browser has over 1 million active monthly users. On the Android store alone, Brave has 1-5 million downloads. Brave is available on all platforms (iOS, Android, Windows, MacOS, Linux). + +Other notable figures on the development team include Yan Zhu (Forbes top 30 under 30, Tor Project, W3C, EFF), Marshall Rose (inventor of SNMP, Internet Engineering Task Force) as well as many others whoā€™ve worked on major projects. (Look at team on website.) + +The Brave browser has one-click support for Ethereum dApps with Metamask. Brave is officially listed on Metamaskā€™s website alongside Google Chrome. + +You will be able to purchase $BAT with your credit or debit card directly through the built-in BAT wallet in Brave. This is a first priority for the team. + +And more... + +Edit (additions): + +BAT officially partnered with privacy search engine DuckDuckGo, and they recently revealed more details on their relationship. + +Brendan Eich said in a tweet yesterday that he heard Mozilla was potentially interested in natively integrated BAT. https://twitter.com/BrendanEich/status/942115844087169024 + +The supply of BAT is fixed and limited. No new BAT will ever be mined or created. Total supply is capped, like Bitcoin. + +CEO Brendan Eich announced the other day that BAT/Brave is partnering with a Top 3 media company in the world. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi everyone, + +I know that this is a frequently asked question and I cannot seem to understand it no matter how much I read about it. Why are there so many Brookfield stocks when they're the same thing? + +So for instance ... + +Brookfield Asset Management - BAM.A vs BAMR + +Brookfield Infrastructure - BIPC vs BIP.UN + +Brookfield Renewable Corporation - BEPC vs BIP.UN + +and when Brookfield Property Partners was a thing - BPYU vs BPY.UN + +&#x200B; + +What is the difference between the two? To my understanding both 'divisions' (?) hold more or less the same things, but they're different in how they distribute their dividends for tax purposes? Is there one that is better to hold in a TFSA? +My parents who are both in their 80s are on pension, super has run out. They own their own home (probs about 800K) and consistently spend over their pension now with inflation going nuts. I don't want them to miss out on the things they love doing especially going to their local cafes where they get to interact with people etc. But I can't keep paying their credit card off for them. They are susceptible to scammy people too. + +What are our options? One is to sit down with them and take over their finances, get rid of credit card, take $$ from their pension for bills and let them spend the leftover however they like. That seems a bit extreme. + +Is there a way of unlocking some of the equity in their house so that they can draw down on that without losing their pension? I would rather them have a nice time than get the inheritance. + +What sort of financial planner would I go to for this sort of stuff? + +Thank you for reading +Options trading is literally a race against time. The clock ticks in favor of the seller, but the movement of the underlying can move against them much more rapidly. I'd like to demonstrate this with a quick example. + +Imagine today that right before the market closed you decided to sell a CSP on AMC. AMC was trading at $24.50 a share, and you sold a $18 put expiring at 1/21, collecting a $1.86 premium. You might reason, "I don't like the stock very much, but I'll collect a lot of theta even if AMC drops, as long as it doesn't drop too much." This is a fundamental mischaracterization of the trade that you're making. + +Now imagine that tomorrow, AMC closes at $24.33 a share, dropping less than 1% from today's close. This seems like a pretty good result, right? Not really. Assuming no changes in IV (as well as r, the risk-free interest rate), your sold option will still be worth about $1.86. Yes, you collected theta, but you lost money on movement in the underlying, and they roughly cancelled themselves out. + +You decide to check back at the end of the week, after market close on Friday. AMC is now trading at $23.66. The put that you sold for $1.86 is now worth $1.90. You now have an unrealized loss, even though the market did not move against you very much over those 3 days. Now let's say on Monday you catch a break, and AMC rallies 5.6% to $25 a share. Your puts will now be worth about $1.63 for a gain of $27 from Friday's close. About half of that gain will be from delta and the other half from theta. You can expect similar results on most days. Given how volatile AMC is, your profit/loss in any typical day will reflect movement in the underlying as much or more than it did theta decay. + +In this sub, people mostly talk about CSPs, CCs, and the wheel, which are all largely the same strategy (CCs and CSPs both have the same risk/reward profile). However, I find it rather misleading to call them theta plays. It is analogous to saying "cream with coffee" instead of "coffee with cream." You're emphasizing the less significant item. Your standard CSPs/CCs/wheels are delta with a side of theta, not theta with a side of delta. The extent to which the underlying is responsible for your day-to-day profit/loss depends on both strike and DTE. + +I think the recent selloff in some of the more speculative/memey stocks has provided a good/expensive lesson for many people. You really do need to be fairly confident about the movement of the underlying, or you're going to get demolished at some point. I just wanted to further emphasize this by offering some numbers. I won't tell you what trade to make, just to be informed about the trade you're actually making. I encourage you all to play with options calculators to see where your gains (or losses) are really coming from. + +(And to those that don't like the idea of trading "delta with a side of theta", I'd encourage you to look into hedges that allow you to minimize exposure to movement in the underlying while still netting yourself significant theta.) +# Remember hedge funds have the weak hand + +They had to realise gains from other investments just to cover losses from GME. Thursday and Friday were the days with the biggest deleveraging sisnce March 2020. Each day they have to pay high interest just to mantain the short positions, and you know what? Every time they realise gains to cover losses their performance gets worse, and this makes them look like idiots in front of their clients, putting their business in danger. + +# Expect some crazy volatility + +Remember you are playing against hedge funds, they are not going to give you free money. There is no free money in the stock market. GME investors hit them hardly, and for them is not just about losses but they have to proof to their clients that they cannot be beaten by a bunch of redditors. They may suppress the price or manipulate it. There are some excellent posts on this sub about how they manipulate the stock price (ladder attacks, MSM misinformation, etc). + +# Manage your risk + +I hold GME since $20s. For me right now there is no risk in holding the stock because it will never go back to that level. If you just bought at $300 have in mind they may be able to supress the price for days or weeks to $100-$200 level, so you must be able to stomach this volatility. I would recommend only investing money you can afford to lose to not panic sell if you see this wild volatily. + +The important thing as an investor is to hold, more than to buy like crazy. + +# Be a critical thinker, do your DD + +There is nothing that the MSM wishes more than to see loss porn from retail investors to say "see, they didn't know what they were doing". Please, don't give them the opportunity to say that. + +Do your DD, check user history whenever you read something to make sure users are no hedge fund trolls. Hedge funds are now trying to focus you attention on everything except GME. The Silver play is a trap. Citadel is long silver. + +# BEWARE THAT IF YOU BUY SILVER, you are helping Citadel to cover losses with their gains and give them the chance to fight on GME. + +Maybe mods should ban silver posts as lots of people could potentially lose money on that play. + +&#x200B; + +TLDR: + +DO YOUR OWN DD. BE CRITICAL. + +HOLD. THEY HAVE THE WEAK HAND, NOT YOU. + +BEWARE OF SILVER. + +For SEC minions reading this: this is not investment advice. + +Edit 1: many thanks for the awards guys. + +Edit 2: WSJ and Bloomberg are pushing the silver narrative and creating the impression that somehow people here are coordinated which is complete false. Also Citadel is long silver and it seems posts are being created mainly by bots. I definitely think mods should take action. + +Edit 3: about silver, it is not my call, I am just sharing my point of view, I totally get the people who says nothing should be banned. Just have in mind MSM are depicting WSB as a group of organized investors that are colluding to target different assets, which is completely false. Should their message gets acceptance because of SLV they could try to ban this sub. So I think mods should at least check if those posts are legit, and if they comply with the rules. Nothing else. +Currently chubby, and planning to fatFIRE in several years. This sub seems to treat the 4% investment withdrawal rule as sacrosanct, I wonder if I can withdraw more because: +1) I likely wonā€™t be able to keep up the fat lifestyle forever and likely could withdraw less later in life +2) the 4% rule was designed so there is a near zero risk of running out of money. Thatā€™s necessary if youā€™re skinny and need this money to get by, but us fatties should be able to tolerate more risk. + +Thoughts? Any good calculators to help plan? + +Note: no heirs so hoping to die old and almost broke. +My husband and I started using a financial planner for the first time in August 2021. He currently has my Ira with nearly all of my retirement, an investment account thatā€™s a chunk of our savings and an IRA for my husband. We know we are small fish in his big pond as what we have invested in total is under $500k but he took us on, we know him and trust him and know others who recommend him. +I also know the market over the last year has gradually gotten worse. So is it reasonable that since August our accounts have lost 14-16% in total? Hard to stomach paying the fee for professional management and just have more come out when youā€™re already lower than you were going in. +My husband thinks itā€™s his fault and that heā€™s not being smart with our money because we arenā€™t as rich as other clients. I think itā€™s just the market and am trying to be patient, hoping heā€™s taking advantage of prices on stocks that will go back up when the market turns. Based on the account activity, itā€™s not like our accounts are sitting untouched, we see movement into different things. +Too often I see people - mega high income earners ($1.5M+ a year) continue to work well into their 50s and 60s. These people are super hard workers and have a great work ethic and I admire them. However, can someone help me understand what the point is of continuing to work once you have a nice house, a few investment properties to provide stable income and a good mix of shares? At that point you basically don't have to worry about money anymore and can do the things you enjoy. + +At least that's what I would do. I am currently on $165K a year (which includes a $40K bonus). I love my job and will continue working well into my 40s (am 26 currently), but once I have my house fully paid off and enough savings I will likely retire. + +Are these people just genuinely in love with their work, is it greed or are they saving for something beyond a house (which to me is the great aussie dream)? + +Hope I can get some clarification. Please note I am note attacking these people, just genuinely curious. Many of my friends are high income earners and I respect them greatly for their work ethic. + +As a kid I've always wanted to become a professional video gamer or get good at some sport. Maybe a bit of travelling. Once I am able to forget about money, I will stop chasing it. Or so I think... This is a rather interesting phenomenon because I could have sworn when I was just in Year 12 I told myself I would donate half of my salary once I started earning over 6 figures. Yet here I am and I can't imagine doing that. + +Is this just a thing where we just want to succeed more and more and are never satisfied with the end point? :/ +Heres the thing, most brokers didnt care about us, they follow the money. That being said, they would only start letting us vote, and media will only start giving us good coverage now if they know we are the next gorillanares. DONT MISTAKE KINDNESS WITH CARING ABOUT THE CORRUPTION, at the end of the day if we hadnt found out GME and exposed the shorts, along with pushing our opinion to media, we would definitely not get any love from them, they're material leeches that should be seen as jist wanting to profit rather than expose wrongdoing, media lies. + +Edit: from u/trusssst96 +Sorry for posting this here, T212 apes need to hear this + +https://www.reddit.com/r/Superstonk/comments/nna575/t212_apes_assemble_40k_people_holding_gme_through/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Apes with T212 assemble, we wanna vote! Pressure T212 like other apes did with eToro, Avanza, Nordnet! +Letā€™s face it, when a coin moons and you cash out, that money doesnā€™t just come from nowhere, itā€™s come from another investor. Same as if you hold a coin which is dipping and others are selling, people are literally just taking some of your money and putting it in their pockets. + +Weā€™re all pretty chummy with each other in this sub and itā€™s a great place. But letā€™s not forget, weā€™re all competing for a Lambo šŸ˜‚ + +For the record, Iā€™m not complainingā€¦ Hell I want to fill my pockets too but you bastards keep taking it all haha. +Use common sense and be careful what you communicate to tenants. + +https://www.sandiegouniontribune.com/business/real-estate/story/2020-04-09/san-diego-landlord-to-tenants-nobody-really-has-a-legitimate-reason-not-to-pay-rent?_amp=true +Hello, from up over! + +I trade NVNXF OTC here in Canada and idk what to think anymore. This is the mostly consistently green candlestick day in day out. It FEELS like the December 2019 start for TSLA. + +Other than this phillips 66 news, what else is happening. I've been waiting to buy the dip, but at this rate it's gonna get to $10 dollarooos by October. +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) +What was the process like? What was the emotional side like? What was the cost? + +Did you fatFIRE first before going into it? Or did you decide to go this route so you could keep working? Or was it an option after all other options were exhausted? + +Which countries/locations did you consider? And what were the trade offs you considered? + +I saw some discussion on the legality already, but curious to hear more. Iā€™ve heard and know someone who went to Ukraine, I heard India is now shutdown, but some were advising me on doing it within the US. Why is that? + +How many children did you end up having, how many via surrogacy, IVF and yourself/your partner? How did you decide on it? + +This post is asking how, not why and if. Moral judgement in line of ā€œthis is so wrongā€ is decidedly not welcomed. +I completely understand the fact that what works for me might not work for you but I am directing you in the right way trust me. + +1. Do not blindly trust any responses in here to your strategy questions, 98% of stuff Iā€™ve seen are so miss leading you canā€™t even imagine. + +2. Do not rush with trading a live account, but once you get a proper understanding of the market definitely do so, to start training your mental, but go easy on it donā€™t risk what you cannot afford. You also donā€™t need a big capital for trading you got propfirms for that I recommend ftmo or myforexfunds, no issues with withdrawals whatsoever. + +3. Study PRICE ACTION, ignore all of the indicators. Focus on proper zones, liquidity and inefficiency thats my recommendation but other things work as long as they align with the market structure and you can successfully determine the direction of the trade you are going to take. Double triple tops and bottoms are important but not in a way 99% of traders think! + +4. Start working on your discipline in real life right away. Learning how to analyse the market is the easy part, psychology and discipline is the final boss in this industry. You are not fighting against the banks, algo or the other traders this is a fight against your damn self and its the hardest thing you will probably ever achieve if you win. + +5. Meditate you cunt! Zen the fuck out! It will help you tremendously! + +6. Stick to demo for a while, backtest and journal your trades! + +7. Unfollow other traders on social media etc, do not trade signals EVER! Get yourself a damn course but research first before you pay for something! Plus 99.8% of the paid courses you can download for free it just takes a little bit of digging. + +8. You will not make money anytime soon!! Theres a bigger chance of you quitting than making money. But if you stick and put the necessary effort in this God knows you will become unstoppable in all the aspects of your life. Market will beat you so many times you canā€™t even imagine, it will suck the soul out of you. + +But if you come out victorious you will become the strongest and baddest motherfucker you ever came across. + +This shit is not for everyone and it really shows. + +Edit: forgot one very important thing, stick to ONE PAIR and preferably one trading session! It better not be XAUUSD tho! You will not be ready to tame that beast for a long time!!! + +Edit number 2: for some of you, there is nothing wrong with using indicators if you use it for EXTRA CONFLUENCE! People tend to believe that theres a magic indicator which will predict price moves, so what they do they barely understand a single fuck about price action and rely on goddamn ema crosses bounces rsi oversold and overbought situations. If you use them the right way they CAN help you but study PA first! Candles tell you EVERYTHING you need to know! E V E R Y T H I N G ! +**Why BongWeed** + +Join our movement! We fight once and for all for the worldwide legalization of cannabis. We do not accept that alcohol is legal and responsible for much suffering and that cannabis is seen as the work of the devil. Cannabis has healing and pain relieving properties. It has been scientifically proven. So guys, fight with us! + +But not only that! We also want to bring cannabis closer to the world. The plan is to publish several weed cookbooks, weed / accessory shops, our own bong designs and merch. + +**Write history with us!** + +&#x200B; + +šŸ’„Once we hit 300 Holders our first Community Event will start!šŸ’„ + +The winner gets **1BNB** + +**Whats the Event about. ?** + +Roll a video of yourself making a joint (You dont have to use weed if you dont have any). The one who rolled the most beautiful joint fastest wins. We'll pick the 3 best and the community will decide the winner! + +&#x200B; + +**Contract** : [https://bscscan.com/address/0x66696ab8c6aaeb22dc14a2dc4a833682388ea901](https://bscscan.com/address/0x66696ab8c6aaeb22dc14a2dc4a833682388ea901) + +50% BURNED šŸ”„: [https://bscscan.com/tx/0x2c456db6c6578f1f9b6cd1f3095b25789fbc5dfde901bf523ef3ba13a7877beb](https://bscscan.com/tx/0x2c456db6c6578f1f9b6cd1f3095b25789fbc5dfde901bf523ef3ba13a7877beb) + +LP Locked šŸ”’: [https://dxsale.app/app/pages/dxlockview?id=0&add=0x23238A34C54E115a4bC0b39729165e9c791De532&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0x23238A34C54E115a4bC0b39729165e9c791De532&type=lplock&chain=BSC) + +Ownership RENOUNCED šŸ”„: [https://bscscan.com/tx/0xa245b5b29e519bf04236c7c81e8a93fbdfed07dd23d4fc328bca738dff2b3405#eventlog](https://bscscan.com/tx/0xa245b5b29e519bf04236c7c81e8a93fbdfed07dd23d4fc328bca738dff2b3405#eventlog) + +Pancakeswap (V2) šŸ¤‘: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x66696ab8c6aaeb22dc14a2dc4a833682388ea901](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x66696ab8c6aaeb22dc14a2dc4a833682388ea901) + +&#x200B; + +* **Website**: [https://bongweed.info/](https://bongweed.info/) +* **Telegram**: [https://t.me/bongweedfinance](https://t.me/bongweedfinance) +Fellow autists. Today, I place my life in the hands of the almighty market. Behold, [$780k thrown into 450 6/19 SPX 1500P](https://imgur.com/a/86ipHjS). + +It pains me to say this, but I have the utmost confidence that this virus and the economic crisis arising from it will bring America to the brink of collapse. I believe this thesis so strongly that I'm willing to lay down everything to pursue it. + +To all the bears in this sub, who have valiantly held their puts with iron resolve, I say this: don't doubt your vibe. + +To all the bulls in this sub, I say: may God have mercy on your soul. +Was watching a ā€œChat With Tradersā€ podcast on Risk Management and saw the following comment: + +ā€œPick two random indicators, one for entry and one for exit. Have a concrete risk management strategy and itā€™s almost impossible to not break evenā€. + +Do you agree or disagree with that notion? I feel like Iā€™ve wasted so much time early in my trading on trying to perfect indicators or find the best entry scenarios and that, in retrospect, had I just stuck to one or two basic indicators and just been militant about risk management, I wouldā€™ve done just as fine if not better. + +Curious to see whether you guys agree with that approach. +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 +My friends and I are all in our mid 20s to early 30s and we have been increasingly talking about stocks, investments, crypto, etc. I feel like with all the news its a popular thing to talk about right now. (GME squeeze, bitcoin, doge coin, elon musk tweets, etc.) + +The thing is that my friends don't really have real money in there. Maybe like 5k - 20k at most. The reason I say not 'real' is that they don't take it that serious. They treat is more of as half investing half entertainment and they are open about their positions, balance, etc. + +I am reluctant to jump into the convos because I've spent the last 5 years building it up fat and it has ballooned to almost 1 mil. So when they start pulling up their phone and sharing their trades I always pause. + +On one side these are my best friends and I have known them forever. Also I love talking about stocks and finance. On the other side I am scared that it will come off as showing off. I am also worried they might look at me different. + +Is it a bad idea to share your NW with the friends you have known almost your whole life? +It's a good thing that shorts covered back in Jan 2021 as the ads they posted claimed. And the media they paid echoed. Otherwise they'd be totally and completely screwed. Hosed. Demolished. Bankrupted. They really dodged a bullet! Good thing they didn't sell tons of fake shares either. Phew, really dodged a bullet there. šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰šŸŽ‰šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ +Does anyone have access to any data from 2013 onwards? + +https://preview.redd.it/ydhxa2n8a4471.png?width=1108&format=png&auto=webp&s=74292c0cdad933fc1ff4cdcffce51c44410049e8 +https://www.cnbc.com/2020/06/26/coca-cola-pauses-advertising-on-all-social-media-platforms-globally.html + +Coca Cola on Friday announced it will be pausing advertising on all social media globally. + +The company clarified it was not joining the official boycott, but said ā€œwe are pausingā€ advertising. +Hi there, I was wondering if anyone could recommend some books and/or articles on the 2008 financial crisis. It can be highly detailed and focus on a specific topic like the role of shadow banking or something more broad. + +Iā€™d like to come away with a better understanding of the whole ordeal as well as the current banking system so any and all recommendations are appreciated. Thanks a bunch. + +Edit; really thanks a lot to everyone for all the great recommendations, I probably wonā€™t be able to read them all but this has definitely been a great help and hopefully people than me have or will get something out of this thread! +I'm looking to move my TFSA (>5k) off Wealth Simple and merging it with my TFSA on Interactive Brokers. My reasons are: I bought US stocks and don't want to pay 1.5% exchange fee (I'm not looking to sell my US positions anyway), IBKR has a far better UI (imo) and tools, it's worth a few cents in trading fees and you can actually hold USD. + +Anyways, if you've done this before (transfer a TFSA out of WS), I just want to hear about your experience. Is there anything to be cautious of? Maybe I should just withdraw everything from my WS toward the end of the year and deposit into IBKR in January when I get my contribution room back? I see there's no transfer fees since my account is over 5k so I'm wondering what the drawbacks might be. + +Thanks +# APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +&#x200B; + +If you have a proven model that can turn $1 into $1.50, thatā€™s awesome. You make 50% returns. + +Butā€¦ if your buddy has a magical power that can convince people that $1 is only worth $0.10, and you buy that dollar for $0.10, you turn that 50% return into 1500% return. + +**WE HAVE NOT BEEN LOOKING AT THE WHOLE PICTURE** + +Weā€™ve been looking at the people convincing us that $1 is worth $0.10, but have missed the bigger picture of those that buy the $1 for $0.10 and turn it into $1.50. + +Apes and Apettes, itā€™s time to discuss **APOLLO GLOBAL MANAGEMENT.** + +This article will be delving into Apollo, but make no mistakeā€¦ this strategy and process are likely widespread and far-reaching. + +I have chosen to discuss this firm because it relates directly to our beloved Gamestop, and this shit goes **DEEP.** + +Weā€™ve gotā€¦ Criminal Activities, Hostile Takeovers, Private Military Contractors, Presidential Pardons, MSM Manipulation, and shockinglyā€¦ **POPCORN APES WILL NOT BELIEVE A WORD I SAY!!** + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**IN ALL SERIOUSNESS** Apes, I know we like to tease, and some of us hold both, but if you read this article and see what I see in it, please do your best to educate the Popcorn Apes. (Donā€™t harass or Brigade, let them draw their own conclusions) - But I am now **OFFICIALLY** worried for them! + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\----------------------------------------------------------------------------------------------------------------------------------------- + +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative. Where possible, I do cite sources but it is also possible that these sources are publishing incorrect information.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**ADDITIONAL DISCLAIMER:** *While there may seem like there are implications of illegal wrongdoing in this article, I am not a legal authority and make no claims of illegal activity except those which convictions have been made. The purpose of this article is to highlight connections of publically available information and where speculation is made, is of my own personal opinion for educational purposes. If this article does highlight potentially illegal activities, it is up to the proper authorities to determine if these activities are in fact illegal using the proper means. Any judgments by readers of this article in the comments of this article are of their own, and not made by me, the author.* + +*Freedom of speech is a principle that supports the freedom of an individual or a community to articulate their opinions and ideas without fear of* ***retaliation, censorship, or legal sanction***\*. The right to freedom of expression has been recognized as a human right in the Universal Declaration of Human Rights and international human rights law by the United Nations. Many countries have constitutional law that protects free speech.\* + +**I invoke this right.** + +\-------------------------------------------------------------------------------------------- + +Ok Apes, grab a cup of Coffee, Pop open that bag of **Doritos**, and **Buckle the Fuck up**... because this is going to be a ride. + +BUT... + +Before things get juicy, we're going to need to do a little bit of a History Lesson so all this shit makes sense. + +REMEMBER THIS GUY? + +&#x200B; + +[Michael Milken \(Aka The Junkbond King\)](https://preview.redd.it/1lyqm3xc19b81.png?width=762&format=png&auto=webp&s=ea82c836538d2eb2b6164aee64552eb3e6b67e93) + +Some of you will recognize that this is **MICHAEL MILKEN** + +Well... + +We are now in Episode 16 of the Billionaire Boys Club, of 19 BBC Parts... and if you remember WAAaaayyy back in Episode 1 of the series, I asked the question... + +**IS THIS THE FINAL BOSS???** + +Ok... this is STILL not certain... + +But... he is **DEFINITELY** at the center of it all. + +And this is where our History Lesson begins... + +\------------------------------------------------------------------------------------------- + +I'm not going to delve into Milken's story, (as it's not DIRECTLY related here) but if you want more info see: + +[BBC Episode 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Episode 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Episode 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +And I'm going to assume you know a LITTLE about him. + +What is REALLY relevant though... is that at the time of his arrest for Racketeering and Securities fraud due to his illegal activities in the **JUNK BOND MARKET**, in 1989, he was working for **Drexel Burnham Lambert** + +After the Investigation, Drexel Burnham Lambert was forced into **Bankruptcy in 1990.** + +\-------------------------------------------------------------------------------------- + +Following this... a group of SAVVY ex-**Drexel** employees decided to set up shop for themselves. + +This included: + +**LEON BLACK -** Head of Drexel Mergers and Acquisitions + +**JOHN HANNAN -** Drexelā€™s Former Co-Director of International Finance + +**CRAIG COGNUT -** Drexel High-Yield Division Lawyer + +**ARTHUR BILGER -** Drexel Head of Corporate Finance + +**ANTHONY RESSLER -** Senior Vice President Drexel High Yield Department + +**MARC ROWAN -** Worked under Leon Black + +**JOSH HARRIS -** Worked under Leon Black + +**MICHAEL GROSS -** Worked under Leon Black + +And thus was born... Apollo Advisors, which would later become... + +**>> APOLLO GLOBAL MANAGEMENT <<** + +(The Irony of a Company Called Apollo being at the center of this? Moon Simulation Much?) + +\---------------------------------------------------------------------------------------- + +NOW... + +Leon Black had risen through the ranks at Drexel to become **Michael Milken's Right-Hand Man**, and built a fearsome reputation doing so. + +[Source - Time Magazine: Paragraph 6](http://content.time.com/time/magazine/article/0,9171,137095,00.html) + +This reputation meant within 6 months, Apollo Advisors had managed to raise **$400 million** and launched their first fund. **Apollo 1.** + +As you can imagine... after all he had learned from Milken, it didn't take Black long to start some fuckery. + +Let's Take a look at one of his **FIRST** deals shall we? + +&#x200B; + +[Leon Black and Michael Milken](https://preview.redd.it/53p76jh819b81.png?width=509&format=png&auto=webp&s=a9501a7627f3f4a761ccf62d1469dee95998fff8) + +\-------------------------------------------------------------------------------------------- + +# Adam Aron (Yes POPCORN Adam Aron!) + +&#x200B; + +[Adam Aron CEO of Vail Resorts](https://preview.redd.it/khgpm65019b81.png?width=310&format=png&auto=webp&s=027c8b36b71fc475c902b6052f118282aca91f10) + +In the 1980's George Gillett was building a billion-dollar empire based on the odd combination of meatpacking and television stations, in addition to **Vail Mountain**, much of which was financed by the **Junk Bonds of Drexel.** + +This all came crashing down in 1991 when Gillett **couldn't pay off the debt** on the notes from Milken. Gillett Holdings filed for **Chapter 11 Bankruptcy** and Apollo swooped in and became the majority shareholder by 1992. + +Black quickly began selling off much of the Assets held by Gillett Holdings but kept **Vail Resorts** as part of his Apollo Ski Partners Division. + +While under the management of Gillett, the Vail Resorts thrived, winning Ski Magazine rankings 5 years in a row, in addition to completing the China Bowl and Mongolia Bowls expansion and bringing the World Championships to Vail for the first time. + +(I've no idea what this means, but needless to see they were doing well and the operation was ticking along nicely) + +From 1996 to 2006, Aron was **HIRED BY APOLLO** as CEO to oversee their investment in Vail Resorts. + +Source: [https://www.perenews.com/apollo-hires-ex-vail-ceo-as-operating-partner/](https://www.perenews.com/apollo-hires-ex-vail-ceo-as-operating-partner/) (Paragraph 2) + +Though it's widely claimed that Apollo Management sold their stake in Vail in **2003**, according to their **SEC filings,** this didn't happen until **2004**. + +>*Apollo Management, headed by Leon Black, bought the company out of bankruptcy and took Vail Resorts public, controlling Vail Resorts through its growth* ***until around 2003***\*, when Apollo divested themselves of the controlling interest.\* + +Wikipedia Claiming they left in 2003 [Source Paragraph "History"](https://en.wikipedia.org/wiki/Vail_Resorts) + +SEC forms showing Sales of Ownership: + +[SEC Form 4 #1](https://www.sec.gov/Archives/edgar/data/812011/000092153004000196/xslF345X02/primary_doc.xml) + +[SEC Form 4 #2](https://www.sec.gov/Archives/edgar/data/812011/000095016204001126/xslF345X02/apolloskiform4093004_ex.xml) + +[Sec Form 4 #3](https://www.sec.gov/Archives/edgar/data/812011/000092153004000536/xslF345X02/edgar.xml) + +With the last recorded date of ownership being **5th November 2004.** + +ANYWAY... + +It wasn't long thereafter that Aron decided he was **going to jump ship** too. + +In 2006 he **shocked** everyone by announcing he was quitting, but not before cashing in all his shares of course. + +[Source The Denver Post](https://www.denverpost.com/2006/01/30/vail-resorts-chief-quitting/) + +It's again... widely reported that Adam Aron did a **GREAT job at Vail**. + +Everywhere you go, from his BIOs to Popcorn Apes raving about their Silverback, they quote the stock price of the company while under Aron's control, or how the business expanded, or how profits were up... + +But there's another side to this story. + +**Aron's loyalties lie with Apollo, nobody else.** + +And Apollo's priority is profits no matter what the cost. + +Here's an article in 1998 by **Forbes Magazine**, that describes how Aron went about **"extracting extra bucks out of the existing lift-ticket buyers,"** + +He uses strategies that ensure all visitors' money is spent at the resort itself. And this worked very well. He built restaurants, hotels, even a credit card that ensured Skier Dollars were only spent within Vail Resorts. + +This came at a **MASSIVE** cost to local businesses though. Many of which suffered, or completely went out of business. + +Aron's justification for the number of complaints he got from stealing local business? **"Sour Grapes"** + +**MISQUOTE:** This is how it's Phrased in the article: + +***Sour grapes, says Aron. "We'll have a mix of company-owned facilities and local entrepreneurs that will increase our profits while maintaining the creativity and passion."*** + +He never tried to ease people's minds, or assure them of his intentions and plans for the future. + +Source: [Forbes](https://www.forbes.com/forbes/1998/1019/6209070a.html?sh=1be464302a78) + +But after the penny pinching, and taking the company Public (Followed by **7 Years of Stock Price Declines**) the stock started to finally turn around. + +And Aron started to build a reputation in the community (Apparently) that he and Apollo were **not the bad guys after all.** + +**IN FACT**... almost everywhere you read about Aron's time at Vail, it's **HAILED** as a massive success story! + +And he certainly gave the impression that he was **ALL IN ON VAIL!** + +Adam Commits to Vail, including selling stock options to "acquire a new residence in Vail for his **long-term** personal use" + +This move was intended to show **"I trust I am expressing both my strong confidence and commitment here"** + +Announced **1 year** before he surprised everyone by Quitting and going to work for Apollo + +(At the time, he did not tell anyone his plans to work for Apollo) + +[Source Vail Daily](https://www.vaildaily.com/news/vail-ceo-aron-to-sell-stock-options/) + +In saying all this... by the time Aron was DONE in Vail, profits were up, the stock price was up, the company had expanded and overall there was more money available to locals through various investments in the town and its people. (Apparently) + +So everyone wins right? + +\--------------------------------------------------------------------------------- + +Well, I personally think **A LOT** more went on here, but it's way beyond my smooth brain to comprehend. + +In the 1996 Annual Report, there are 44 Mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-96-001229.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-96-001229.txt) + +In the 1997 Annual Report, there are 8 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt) + +In the 1998 Annual Report, there is 1 mention of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/0000927356-98-001712.txt](https://www.sec.gov/Archives/edgar/data/812011/0000927356-98-001712.txt) + +1999 Annual Report, there is 3 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/812011/000092735699001663/0000927356-99-001663.txt](https://www.sec.gov/Archives/edgar/data/812011/000092735699001663/0000927356-99-001663.txt) + +Then no Annual Report until 2002 - with 3 mentions of Apollo + +[https://www.sec.gov/Archives/edgar/data/0000812011/000081201102000016/vrifyo1form10ka.htm](https://www.sec.gov/Archives/edgar/data/0000812011/000081201102000016/vrifyo1form10ka.htm) + +Ok I'm getting into the weeds a bit I know... + +\------------------------------------------------------------------------------------- + +BUT... + +When you look back at the point in time when Apollo Actually DID Dissolve their ownership... things take a **SLIGHTLY** different tone. + +In this article in the Deseret News discussing the move... the quote that, even though the stock was up, Revenue was up, and expansion was secure and even the Ski Lift ticket prices had been raised to the **HIGHEST IN THE COUNTRY**... the company was actually losing money year over year? + +>Separately, Vail Resorts reported a **loss of $36.3 million**, or $1.03 a share, for the fourth quarter ended July 4, **wider than the loss a year ago of $33.7 million**, or 96 cents a share. +> +>Revenue for the latest quarter rose 4.2 percent to $83.1 million from $79.7 million. +> +>For the full fiscal year, **Vail Resorts lost $5.9 million**, or 17 cents a share, compared with a loss of $8.5 million, or 24 cents a share, a year earlier. +> +>Full-year revenue rose to $500.4 million from $464.1 million. + +Additionally, this article discusses: + +>CEO Aron said reports in the media about the possible sale of the company were "inaccurate" and some of the "sources in the stories were either stupid . . . or making things up." + +Following this, The Denver Post reported (No source as they were not online yet) that indeed Vail Resorts was Courting Buyers interested in **acquiring the company** for about $725 million. + +Aron said he couldn't elaborate because his **lawyer advised him not to comment** on market speculation. + +>"I've said it as clearly as I can ā€” the management team and everyone in the company is focused on operating the business," Aron said. + +Source: [https://www.deseret.com/2004/10/1/19853332/apollo-dissolves-vail-resorts-stake](https://www.deseret.com/2004/10/1/19853332/apollo-dissolves-vail-resorts-stake) + +\------------------------------------------------------------------------------------- + +Another Article from around that time... in the Dever Business Journal, discusses how not only was Apollo selling its **1.3 million shares** in the company, but the company would also withdraw a shelf registration to sell another **175,000 shares** to Apollo Ski partners (Owned by Apollo Global) + +And also references the losses the company was making. + +Source: [https://www.bizjournals.com/denver/stories/2004/03/29/daily34.html](https://www.bizjournals.com/denver/stories/2004/03/29/daily34.html) + +\-------------------------------------------------------------------------------------------- + +How about we take a look at how the **LOCALS REALLY FELT**?? + +>As far as on the mountain skiing experience, where the hell have you been skiing? The market is overrun by discount, down-market bargain hunters who are squeezing out our alpha customer to the detriment of every business in town. Prices are so easily cut and so easy to raise that Vail Resorts profit margins are shrinking faster than a porn star in an ice cold bath. Unfortunately, many of us have assets here in the valley that are negatively affected by Aronā€™s ineptitude. + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-141/) + +>Hey Iā€™m just calling to see what the other Vail Resorts employees think of Adam Aronā€™s big bonus. We keep having these record years, and he can only muster a 2 percent raise for the last three years? That doesnā€™t even cover our insurance going up. Weā€™re still losing money. He always talks about how valuable his employees are, and the locals are. How about a little respect? I agree with Gonzalo of the Minturn militia. If you keep messing with the local work force, hopefully, Adam, you will be moving on to greener pastures, like you deny. Pretty much youā€™re no good for this community or Vail Resorts. Beat it, chump. + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-110/) + +>I personally feel that as a community we afford Vail Resorts many privileges to bring business into the valley, widening the Frontage Road and opening Ford Park to allow for overflow parking. +> +>We developed a master plan for the village and Lionshead with VRā€™s redevelopment in mind. Yet the more we give the less we receive as a community. + +Source [VailDaily](https://www.vaildaily.com/news/letters-to-the-editor-238/) + +>Never mind the visitors +> +>I think it really stinks that Vail Resorts doesnā€™t let the locals ski until Sunday the 3rd. We used to be able to ski on the first of January. Kaye Ferry is right. The merchant pass prices have gone up and we have less skiable days. +> +>Worthy of investigation + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-159/) + +>I would just like to comment on tattling where the individual here is talking about Adam Aron being parked in a handicapped spot on Christmas day, because the editorā€™s note here says that Vail Resortsā€™ CEO Adam Aron has had a foot injury requiring the use of crutches and a wheelchair. Miraculously, on the 27th, I saw Adam Aron at a party where he did not require either a wheelchair or crutches, so Iā€™m not really sure what you guys are up to, but thatā€™s a miraculous recovery in two days from a wheelchair and crutches to partying down on the 27th of December. Thanks for all of your investigative reporting. +> +>No excuses + +Source [VailDaily](https://www.vaildaily.com/news/tipsline-159/) + +&#x200B; + +Seriously... there is a shit ton of this stuff. You Apes should take a browse if you want to get a REAL feel of how the locals viewed Aron. + +Some of it is hilarious... but a lot of it highlights how **poorly employees were treated**, how locals ski access was continuously abused in favor of higher profit tourist ski, how the town has suffered financially, and how generally... very little good will seemed to have ACTUALLY been directed at Aron, despite what all the MSM and Experts say... + +And remember Aron's response to this???? "Sour Grapes" + +All in the name of better profits for Apollo + +&#x200B; + +>In regards to the tattling on CEO Adam Aron. I was the tattler, and Mr. Aron was actually running to his car avoiding the snowflakes that were coming down in the parking lot at Safeway. So I donā€™t normally bash others, but you guys need to get things straight before you start printing stuff. + +LMAYO + +\------------------------------------------------------------------------ + +So does this mean that Adam Aron was doing a bad job as "INSIDE MAN" for Apollo? + +Well I went and checked... + +And in FACT, he was doing a great job for them! + +The company was not losing money at all. + +Every Year, from 1996 - 2006, the company was profitable! + +WITH THE EXCEPTION OF 2... + +2003 - 2004... right around when Apollo decided to up and leave. + +I WONDER why that might be? + +If you want to check out all years, you can go to SECs Edgar search results here, and just click on Annual Reports and search for Net Income. + +[https://www.sec.gov/edgar/browse/?CIK=812011&owner=exclude](https://www.sec.gov/edgar/browse/?CIK=812011&owner=exclude) + +But here's a quick snapshot from 2006 Annual report highlighting the 2 losses: + +&#x200B; + +https://preview.redd.it/uhagbv2s7xa81.png?width=1294&format=png&auto=webp&s=60a50192c6023b1add33e43b520a38b1fa8d0127 + +Now to be fair... after Apollo had dissolved their position, Aron did bring the company right back to profitability making $23 million in 2005. + +And though he can only be credited for half of 2006, from that point on (After Aron left) the companies profits soared. + +By 2008, Company **profits had increased by 400%** of Arons last full year. + +Source: SEC [https://www.sec.gov/Archives/edgar/data/0000812011/000081201108000026/form10k.htm](https://www.sec.gov/Archives/edgar/data/0000812011/000081201108000026/form10k.htm) + +(Search for Net Income to see a 5-year snapshot) + +So whether or not you consider this doing a good job... is still up to you. BUT... + +\--------------------------------------------------------------------------------------------- + +What I do know, is this: + +* Milken Sold Junk Bonds to Gillette +* Gillette Couldn't pay the interest on these bonds and filed for Chapter 11 +* Milken's buddy, Black took over the company by buying up these bonds +* Black sold off the excess assets, acquired some new assets, and then took the company public +* They used the proceeds from the IPO to pay off all the bonds ([Source SEC](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt)) +* They brought in Adam Aron - Who was their pick of Investors at Apollo ([Source Aspen Times](https://www.aspentimes.com/news/vail-ceo-stepping-down/)) +* And proceeded to milk as much revenue from the company as possible ([Source Forbes](https://www.forbes.com/forbes/1998/1019/6209070a.html?sh=1be464302a78)) +* While paying themselves Management fees ([Source SEC](https://www.sec.gov/Archives/edgar/data/812011/0000927356-97-001483.txt)) Director Salaries, Bonuses and Stock Options. +* When they were done expanding, and the stock price was recovering (From 7-year declines), they sold their shares on the market and moved on. + +Maybe I'm being a little harsh here, and there is DEFINITELY more digging that can be done into this, but that's not why we are here. + +Regardless of what went down... I think it's safe to say **AT LEAST THIS**... + +**Adam Aron** works for **Apollo Global Management.** + +&#x200B; + +\------------------------------------------------------------------------------ + +Ok... I need a FUCKING PUPPY BREAK AFTER ALL THAT!! + +Wait... what??? That's not puppies!!! Aww... but their still cute anyway... + +[\(1 off request for Lady Loves Stonks !\)](https://preview.redd.it/u6x26odx98b81.png?width=1863&format=png&auto=webp&s=5810c668ef2df0663f5c8db5f8f09e4c73227127) + +&#x200B; + +\--------------------------------------------------------------------------------------- + +So without getting into the weeds too much... + +Let's have a look at the rest of his career shall we? + +**1993 - 1996 Norwegian Cruise Lines - Aron is CEO** + +2007 Apollo Global Bought 50% of Norwegian and took them public in 2013 + +(Source: [https://en.wikipedia.org/wiki/Norwegian\_Cruise\_Line](https://en.wikipedia.org/wiki/Norwegian_Cruise_Line)) + +INTERESTINGLY... The announcement of Aron Quitting (There's that word again... quit), was made in the Sun-Sentinal. + +**The article however no longer exists**. So I did a little digging. + +According to the Wayback Machine, Quitting Announcement Article had been basically dead for decades... until 2021 - As obviously Apes started researching Aron + +&#x200B; + +https://preview.redd.it/a2nog2st8xa81.png?width=1199&format=png&auto=webp&s=830363c425d86752a9c09130f060f6d55f240fcf + +NOW... all but 2 snapshots of the article have been removed from the Wayback Machine. + +So... I took a screenshot to ensure it can't be deleted again. + +Here's the link to the Source on Wayback Machine (But don't be surprised if this link mysteriously does not work anymore) + +[https://web.archive.org/web/20210225054704/https://www.sun-sentinel.com/news/fl-xpm-1996-07-23-9607220403-story.html](https://web.archive.org/web/20210225054704/https://www.sun-sentinel.com/news/fl-xpm-1996-07-23-9607220403-story.html) + +And here's the Screenshot highlighting the important bits + +&#x200B; + +https://preview.redd.it/zssxnvrdvwa81.png?width=924&format=png&auto=webp&s=a2c67f5b85ef5a1e74fe2a5c92079c8afa8b60a5 + +&#x200B; + +PUPPY BREAK!!!! + +Aww.... who's a grumpy puppy... Yes, YOU are a grumpy Puppy!!! + +&#x200B; + +https://preview.redd.it/7eea4n10n8b81.png?width=1056&format=png&auto=webp&s=e81b8547a95923c4240dd2f51f1832dd1fbf624f + +&#x200B; + +# BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +&#x200B; + +\--------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\-------------- + +Apes... if you feel this is as big as I think it is... **please share it.** +6th mega deal in 6 weeks for RIL unit - Abu Dhabi fund Mubadala to invest Rs 9,093 crore in Reliance's Jio Platforms [https://www.moneycontrol.com/news/business/companies/abu-dhabi-fund-mubadala-to-invest-rs-9093-crore-in-jio-6th-mega-deal-in-6-weeks-for-ril-unit-5362131.html](https://www.moneycontrol.com/news/business/companies/abu-dhabi-fund-mubadala-to-invest-rs-9093-crore-in-jio-6th-mega-deal-in-6-weeks-for-ril-unit-5362131.html) +Look, if I was a big boss at a brokerage firm and my interests align with being on the good side of GME retail shareholders, I'd absolutely want my officers to entertain questions from my prospective clients. + +By being hosted in an AMA, Computershare made a big statement saying, "Hey, we are open to entertain your questions, because we know you will like our answers enough that you will do business with us!" + +Isn't that how basic good marketing works? You let your prospective clients examine your business because you know your business is good enough to handle it. And the mere fact that they openly admitted to some issues and how they are addressing it gives me even more confidence that I took the leap to do business with them by DRSing my shares. + +I've taken the steps to become an absolutely true owner of the hottest company in the world right now. Are you ready to take the plunge? +What a fucking week... + +https://preview.redd.it/dh3c8fkek1c71.png?width=480&format=png&auto=webp&s=8aa872546a02659bba7879eed0de6f8d19253433 + +So based on differing opinions in this community on the direction I should take this week, which sub should I follow, where to move the daily TA, I have decided that as long as u/pinkcatsonacid and u/Bye_Triangle have no problem, I will post to both subs. I understand the reasons for the split and frankly don't give a shit. I have decided that I just want this information to be available to all apes, regardless of allegiance. + +I didn't start doing this for mods or reddit. I do it for you, the apes, that follow along. I have allowed these threads, my community discord, and the stream to take over my life seven days a week. In order to provide the best information I can. In the most digestible manner possible. + +I didn't sacrifice time with friends and family, additionally losses from stepping away from my job to get caught up in the infantile bickering of people that didn't know what a stock was until January. This is not only a serious investment but a huge opportunity for thousands of people, drama and feuds should not factor into what we do here. + +I will (if allowed) continue to provide this information to every ape I can, for as long as I can, that is my goal and I'm sticking to it. + +Apes are strong together. + +Buy & Hodl + +As always I will post a consolidated [Video DD of this on my YouTube](https://www.youtube.com/c/PickleFinancial) for those of you that don't have the time to read through this, or have visual impairments/reading comprehension issues. This will be uploaded by... + +8pm EDT/UTC-4. + +# Part I: Technical Analysis + +So the cup and handle failed I honestly could have predicted it's failure if I had taken some other data into account and I'm surprised I made the same mistake twice in 2 different ways. But let me show you and hopefully we can all learn from it. So based on the previous ATM offering I figured we wouldn't see a low below the long term ascending midpoint which I will show you later. However, I forgot a couple key things + +1. This share offering was sold much more rapidly than the first 9 trading days vs. the original 15. +2. This offering was 1.5 million more shares. +3. The Russel 1000 rebalancing was occurring in the background. +4. Due to the reason above I incorrectly estimated GME's rate of descent. I presumed a low of $194 we sank $43 dollars below that. Much of this due to the abundance of ITM puts purchased this week. +5. I also under-estimated the amount of capital the short hedge funds we willing to deploy a billion dollars on just the options chain. (I'll talk more about this later) + +https://preview.redd.it/zgbz439o21c71.png?width=827&format=png&auto=webp&s=c06c03dfdcb6aae5f63689be6b0d62a1e4a24cc4 + +[Cup & Handle failure yes those patterns are very similar 1D Timescale](https://preview.redd.it/ms4jf0ht01c71.png?width=1563&format=png&auto=webp&s=154b5604cfaab3b399d0d22924e704b0e49913c1) + +Thankfully, I like to look for support trends when building my technical analysis and as many of you who have been following the last few weeks know this cup & handle was supported by a long-term trend forming an [ascending triangle](https://www.investopedia.com/terms/a/ascendingtriangle.asp). + +[Ascending triangle on the 1 Day ](https://preview.redd.it/cl6wwbpg41c71.png?width=2456&format=png&auto=webp&s=37fc36b422c319d15b35ecbfe333f626442c8250) + +This was really the formation all along while I got excited about the prospect of the cup and handle this trend supported, I said in my first post they aren't my favorite formation due to their rate of failure and this one did just that. + +Based on the bounce on the long term trend in this formation, I will be looking for a breakout above 180 this week and possibly 225 later in the week. + +**Section II: WTF is the deal with 180?** + +So I was looking at the resistance at 180 this week and noticed something interesting 180 seems to have always been the breakout point for GME. Lets take a look. Every time we break out to test 350 we 180 seems to be the determining resistance level. I would imagine due to the Gamma Ramps that usually sit at 200. + +[Tests of 180 since January on the 4H Timescale ](https://preview.redd.it/0lmhw4yn61c71.png?width=2331&format=png&auto=webp&s=c89bf29976913ffef9254603f5efed5e70a279b2) + +Another interesting thing I came across is this If we weight VWAP at the beginning of the run-up in February not only can you see that apes haven't sold you can see that the floor was actually raised in June. + +[VWAP anchored to the 2\/24 run up](https://preview.redd.it/0ejreil081c71.png?width=2452&format=png&auto=webp&s=2f26a8e071c4b5200f5d95534a1dfb457b79de29) + +This is a much better indicator than OBV as it cuts out the noise from January Gamma Squeeze and gives us an idea of the price we are fighting for. As crossing this weighted average significantly increases our odds of testing 350. We have had a confirmed cross of 180 four times since January three of those times we tested 350. We are about to cross 180 on a trendline bounce. + +TLDR; Kenny's mayo is really on the other side of 180 we are about to go hunting for it again. Apes aren't paperhanded bitches. I didn't have to zoom all the way out to make this line flat. + +**Section 3: Other Indicators** + +**MACD** + +We are still poised for a crossover on the daily MACD our jump from pre-market Thursday into close on Friday has already crossed the 4h timescale to the upside. Upward movement on Mon/Tues should realize a crossover on the daily as we climb above 180 again. + +&#x200B; + +[MACD 1D Timescale](https://preview.redd.it/fpdc1o1x91c71.png?width=1640&format=png&auto=webp&s=cc62f18ec6db430a84e797d28b5f99db8e95580a) + +&#x200B; + +[Cross-over on the 4H timescale](https://preview.redd.it/pb4f6en0a1c71.png?width=1642&format=png&auto=webp&s=fbecf610ff5b8a7b0d5f59e6121d24d8bd7ed461) + +**Stochastic RSI** + +I don't remember if we've discussed this indicator yet but [here are the basics](https://www.investopedia.com/terms/s/stochasticoscillator.asp) this in combination with the MACD crossover can give you an idea of the momentum of the trend reversal expected. Well it neared zero this last week and the K%/D% crossover indicates a **buy** signal on an extremely strong breakout to the upside. + +[Stoch RSI on the 1D ](https://preview.redd.it/6i9pzf21f1c71.png?width=1627&format=png&auto=webp&s=8a5ec1b1bdc741c187fa6dffaf6496c64c9cdecd) + +**Section III: Outlying Catalysts** + +Since the \~440k of OTM puts expired Friday and a significant chunk of those $1 billion in ATM or Near the money. We should see some significant buying this Tuesday from Market Makers as they repurchase the shares they sold short in order to delta hedge these massive options positions. + +# Part II: The Market + +Well the market took a bit of a dumb at the end of Friday drawing attention away from GameStop on what could have been a pretty interesting gamma ramp setup as hedge funds started to have value slip away from their most important position. The SPY. The SPY yet again failed the test of it's long term trend dipping into a possible correction. Fears of inflation continued to mount throughout this week as Powell raised some near-term predictions. It will be interesting to see how this plays out on Monday. + +https://preview.redd.it/3mnmvpech1c71.png?width=1634&format=png&auto=webp&s=83dc093a76f72be26b7003b2b41566fb99814182 + +Due to the dip Friday the Shiller P/E closed out the week a little down from last week as some overall value was lost. + +[Down .37 points from last week](https://preview.redd.it/t0rv00ynh1c71.png?width=978&format=png&auto=webp&s=151301ac52052ceb141dacb3ca9445f85c4c44c3) + +This could be the beginning of a correction we will see on Monday if the market rallies or falls off. + +I bring this up every week because near-term this maybe one of GME's largest catalysts for triggering MOASS. A severe correction or crash could cause margin calls on a massive scale. + +# Part III: Conclusion + +Lots of bullish momentum coming into this week after the mother of all short attacks(MOASA) failed to drop the price more than $21 dollars... I'm very excited to see what happens this Tuesday as market makers begin to buy in from last weeks insane options action. Once again everything pointing up, can't wait to see what fuckery is in store for us this week. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Or over on our community [Discord](https://discord.gg/BGmjnrvHnw) + +**As always thanks for following along.** + +**The support of you apes has not only given me the confidence to do this but the drive and passion as well. From the bottom of my heart, thank you for everything.** + +šŸ¦ā¤ļø + +\- Gherkinit + +Edit 1\* The main Daily TA post will remain on Superstonk but I will cross-post it to + +r/ gmejungl3/GME/dillionaires + +wherever you guys are I'll post there. + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +[https://youtu.be/GMwE5\_h2xEA](https://youtu.be/GMwE5_h2xEA) + +# If this is your introduction to Dennis Kelleher and Better Markets, we suggest you check out the Better Markets [website](https://bettermarkets.org/) and this previous [AMA](https://www.reddit.com/r/GME/comments/mdt4vi/official_ama_with_dennis_kelleher_president_ceo/). + +# Some topics we covered - + +* Buy button being shut off in January 2021. +* Regarding SEC Report - Difference between staff report vs Agency report - this was a staff report. This report was done too quickly, and was not thorough enough. +* Questions raised about the conclusions of the staff report. +* Board of directors being able to talk about DRS. +* Abusive short selling. +* Market Reform. +* SEC. +* Superstonk. + +# Questions everyone still has - + +* What did Citadel know and when did they know it? +* What were the communications between Citadel, Melvin Capital, Point 72, and Robinhood? +* Why would they lend billions of dollars, unless they were reasonably certain theyā€™d be able to get it back? + +**"At a minimum, itā€™s imperative that we find the facts." - Dennis Kelleher** + +Thereā€™s still a massive amount of questions here, just about the shutting off of the buy button. + +Thereā€™s a lot of reasons to be worried about both what happened, and what it means about what might happen in the future. + +Some Academics expanded the dataset and raised questions about the causes and the actions that led up to the shutting off of the buy button. + +[https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/](https://clsbluesky.law.columbia.edu/2022/02/22/an-academic-critique-of-the-secs-gamestop-report/) \- Their conclusions are not the same as the SEC staff report, and they talk about some of the inefficiencies with the Staff report's data. + +&#x200B; + +ā€œItā€™s important to recognize that there is enormous power in the community that's been created around investing in the markets and theyā€™ve demonstrated their power in the markets as weā€™ve seen over the last year. But I do think itā€™s important to recognize that to be really fundamentally effective in the markets, they also have to be engaged in the policy making process.ā€ - **Talking about SuperstonkšŸ’ŽšŸ™Œ** + +[Template from Better Markets website to submit comments to SEC](https://bettermarkets.org/wp-content/uploads/2022/02/Comment_Letter_Template.docx) + +^(thank you to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(for producing and editing the video; thanks to) [^(u/Luma44)](https://www.reddit.com/u/Luma44/) ^(and) [^(u/hipz)](https://www.reddit.com/u/hipz/) ^(for transcribing! Go TeamšŸŽ‰) + +Transcript will be out ASAP, will edit this post to include it +Title says it all. Regarding spending money, what was your favorite splurge that you can really only *comfortably* do if you reach near fatfire status? +Hey, I'm a recently sober alcoholic/drug addict in Texas and I'm really trying to find a job. I don't know what to fill out for my employment history because I've quit or been fired from every job and they were all under a year, usually around 3-6 months. I don't have any references, like not even friends or family that I could put down. I'm living in my car (which is in terrible condition, sounds like it's going to die soon) but I do have a P.O. box that I can use for my address. I have $74 and that's after blowing through the recent $600 stimulus check on a major binge. Luckily my parents are still paying my phone bill on their family plan so I don't have to worry about that right now. + +I'm not sure what to do at this point. Do I just try to start over at like a fast food place or something and put nothing down for employment history and references? +Iā€™ve been in survival mode for the longest, always trying to make enough money for rent on the 1st. Canā€™t really enjoy my life because Iā€™m always calculating every dollar that I spend and thinking of how Iā€™ll get that dollar back. When friends and family come in town, Iā€™m always ashamed cuz I donā€™t have enough money to do the fun things they do. + +Everyone is always taking trips, going shopping, and buying new things, and Iā€™m sitting here beating myself up wondering what am I doing wrong. + +Iā€™ve applied for countless jobs, but no luck so far. +Even if I do get hired, Iā€™ll probably end up working a shitty job that I hate, working 8-10 hours a day for pennies, just to try and make ends meet with barely enough time left in the day to do anything else but go to sleep and prepare for the next day. + +As I get older, I understand more and more why people resort to drugs and illegal activity to make money. I was always told hard work will pay off always but I Guess that shit was a lie. + +Is this what life is all about??? + +Cuz This shit sucks +Business Insider reported today that a Goldman Sachs exec estimates the company spends $400 million on financial data. [Link](http://www.businessinsider.com/goldman-sachs-estimate-shows-financial-data-goldmine-2018-5?nr_email_referer=1&utm_source=Sailthru&utm_medium=email&utm_content=FinanceDaily&utm_campaign=Post%20Blast%20%28clusterstock%29:%20What%20you%20need%20to%20know%20on%20Wall%20Street%20today&utm_term=Finance%20Insider%20-%20Engaged%2C%20Active%2C%20Passive%2C%20Disengaged). My question: What in the world are they buying? +Yesterday I saw a post about someones trade not showing IEX as the route when using TD Ameritrade. + +Post here: + +[https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone\_else\_on\_tda\_seeing\_their\_iex\_routed\_orders/h9gag5k/](https://www.reddit.com/r/Superstonk/comments/p6vsaj/anyone_else_on_tda_seeing_their_iex_routed_orders/h9gag5k/) + +There's an even older post on this topic from 4 months ago: + +[https://www.reddit.com/r/Superstonk/comments/mq9rs1/i\_tried\_the\_iex\_trading\_through\_td\_ameritrade\_and/](https://www.reddit.com/r/Superstonk/comments/mq9rs1/i_tried_the_iex_trading_through_td_ameritrade_and/) + +Having used TD Ameritrade for some GME purchases that same morning, I checked my transaction history and, sure enough, my trades also listed CDRG as the route. + +CDRG is a part of Citidel: [http://help.tradestation.com/09\_01/tradestationhelp/routes/cdrg.htm](http://help.tradestation.com/09_01/tradestationhelp/routes/cdrg.htm) + +I sent this message to TD Ameritrade support through their help system online: + +>Subj: **Trades placed today were not routed correctly.** +> +>Trades placed today were supposed to routed through IEX but we're routed to CDRG. My selected route is set to IEX, and routing them otherwise is a violation of FINRA rules. + +And this is the response I received today: + +>Hello REDACTED! +> +>I hope you are having a great day! My name is Amanda and I am happy to assist you today. +> +>Thanks for reaching out about this so we can clarify. We have no way of directly routing the order to IEX, so when you choose that as your option for direct routing it is sent to Citadel who routes it to IEX. The order is routed to IEX per your instructions, but it is done so by passing through Citadel first. +> +>Hopefully this helps clear it up, but if you have additional questions arise feel free to reach back out! Thank you for trading at TD Ameritrade, and I hope you have a great day! +> +>Best wishes! +> +>Amanda REDACTED +> +>Trader Support, Trader Services +> +>TD Ameritrade 800-672-2098 +> +>TD Ameritrade, Inc., member FINRA/SIPC. +> +>Not an offer or solicitation to conduct business in any jurisdiction where we are not authorized to do business. Communications may be subject to review. + +So clearly, the IEX routing that TD Ameritrade offers is dishonest at best, and blatant manipulation to trick investors at worst. + +Thoughts? Is anyone else seeing similar things? Is this something that should be escalated to FINRA or some other authority, since obviously, my trade was NOT routed directly to IEX as I was led to believe. + +Edit - adding screenshots of messages and order ------------------------------------ + +Response: + +[https://i.imgur.com/NXs9fDL.jpg](https://i.imgur.com/NXs9fDL.jpg) + +Initial message: + +[https://i.imgur.com/yfKk9hj.jpg](https://i.imgur.com/yfKk9hj.jpg) + +Yesterday's Order: + +[https://i.imgur.com/ju4onuV.jpg](https://i.imgur.com/ju4onuV.jpg) + +My preferences set to IEX: + +[https://i.imgur.com/ucaaMWw.jpg](https://i.imgur.com/ucaaMWw.jpg) +Listening to NPR Marketplace this evening, 7-12-22, the story indicated it takes about 6 months for interest rates to impact home prices and 12 month to impact rent. Does impact mean begin to move the needle or full effect? For those that have been through this, what is your experience? Anyone have data? +So I decided to do a little shopping on Amazon yesterday. I ended up spending $311.82 with them. I was a little shocked when I checked my bank account today and found $311.82 charged to my card not once but twice. I called Amazon to ask WTF and was told *"The fulfillment center your order was placed with did not have the items in stock so we refunded your money and placed the order at a different fulfillment center that did have stock. Your refund will be credited to your card in 7 to 10 business days."* So Amazon floated themselves a $311.82 loan out of my account for a week. Rents due Monday and I might have the money back next Friday. So if you can't afford to loan Amazon the purchase price for a week and pay for your order go shop somewhere else. And with the supply chain all screwed up like it is this is going to happen to people more and more. + +&#x200B; + +&#x200B; + +Edit to add: I did call customer service that is how I found out why they charged me twice. Their best solution was for me to call my bank on Monday and ask them to expedite the refund. I'm gonna make rent ok now but if I hadn't checked my account today the overdraft fees on my scheduled bill payments would have been very painful. Just wanted to warn people because with the supply chain problems this could happen more often. + +&#x200B; + +Edit 2: If anyone telling me I should have used a credit card would like to loan me theirs I would be happy to put it on a credit card. Otherwise I have to pay with what I have. But if you post your card details I will happily use it. + +Edit 3: for everyone saying Amazon doesn't bill you until the item is shipped here is a screen capture of my chat with support. [https://i.imgur.com/VyC3E6x.png](https://i.imgur.com/VyC3E6x.png) +Just a random question. I think quantitative trading and statistical finance is cool but thereā€™s no way in hell Iā€™d want to be at a trading desk at a firm. Iā€™d be fine working as a data scientist elsewhere and just doing this for fun on the side. Any of you guys do algo trading as a hobby? +My point is that for every 100 anti NFT things on Reddit I see, the only times I see defense is by apes! It's so easy to call something you don't understand as something you don't want or even a "scam". + +But the real scam, the real fleecing happens countless times a day when the market is open. + +1 mil for an ape jpg?!? Outrageous. + +30 bln for a package representing short positions contained in ETFs and hedged via options? ThE MaRkEt DeCiDeS, JuSt ThE wAy iT is. + +There's been so much NFT hate and no love. We are actually early, and I'm convinced GameStop doesn't just want a slice of this pie they want the whole damn thing. + +Edit: I didn't anticipate this was going to get so much attention, I understand that swaps are not like NFT, which is a form of technology only and cannot inherently be a scam. However, MUCH like a scam (See ETFs) bad actors can use them in nefarious ways that deprive the holder of the asset or it's value in various ways. + +To those saying this is whataboutism, maybe, but NFTs and ape pictures have a lot less crimes to answer for then, specifically the real art market, or again ETFs. It's about proof of ownership, and those are other fair examples to compare it to. +Hi all, a few weeks ago I made a post listing all the top 50 coins by category. + +I have added all that information into an infographic, as well as adding new coins, new categories and making some changes based on your feedback. + +I hope you find it useful. + +Edit: Due to popular demand I have added Moons (MOON) + +**Edit 3: Version 2.0 is below. Thanks for everyone's feedback.** + +Changes: + +1. Certain coins are easier to see +2. Some categories moved for less confusion, e.g. privacy coins are now under currency along with stablecoins. +3. Icons have been added for ERC20, BEP2/BEP20, and Forks +4. Some descriptions changed slightly for accuracies +5. Some typos fixed (e.g. USDC instead of CSDC) +6. Stellar moved out of the distributed computing category as it doens't offer an on-chain programming language or on-chain smart contracts, it now bridges the currency and finance categories. + +&#x200B; + +https://preview.redd.it/ldgh69f4ioc71.png?width=1690&format=png&auto=webp&s=61f1cf41a1f8d9f912507a5c3971e4434189a21e + +&#x200B; + +Edit2: Thanks for all the fantastic feedback and awards. I'm working on a version 2 which will address some of the issues people have had. + +1. Certain coins hard to find/unclear +2. I didn't intend for privacy coins to look like it was a subset of store of value, however it looks like people are interpreting it that way. I am going to move it under currency and change a few things round so similar categories are grouped together. +3. Thinking of adding icons next to coins indicating additional properties of that coin, e.g. ERC20 token, BSC20 token, Fork of bitcoin +4. Description of DeFi section is off, because some of the projects are centralised, so am changing it to just 'financial services' +5. Various small typos/capital letter inconsistencies. +6. Changing Stellar/XLM to just currency, and possibly make it part of the DeFi group, as the smart contracts are not executed on chain, and so it can't really be considered distributed computing. + +https://preview.redd.it/0e63xzwctjc71.png?width=1723&format=png&auto=webp&s=12514060a09a160f1eb12d40436c0020e6018ffe +Ā£4000 @ 12% APR repaying Ā£150 for 30 months. + +It would be literally all of my disposable income but the two teeth missing are causing me a lot of mental distress. Are some things just worth going into debt for? + +Edit: Thanks all for the advice Ill definitely take on board all of your advice, direction & insight. Thank you! + +I have 108k from a real estate property I had to cut ties with. I only need 1k a month to be comfortable. What would you do? + + My wife and I have no debt. +We bought 26 acres cash and bought a house cash to live in. + We both have careers but also homestead so we plan on quitting to farm. +Would like to use to money to generate monthly income instead of farm upgrades. +Let me preface this by saying I grew up in a large family and we often had very little money for anything, never went on vacations, didn't go out to eat, etc etc. I find myself in a very different financial position but am having trouble shaking off my frugality. + +After my company was acquired this year, I test drove a Model 3 with no real intention of getting one. However, I've been thinking about that car on a regular basis for almost a year now. It was so much better than anything I've driven before. I know I can invest that 50k and it could turn into \~4 times that by my planned retirement age (around 50 or so), but I'm feeling like we are doing well enough now to not worry so much about that. Looking for some outside opinions to see if I'm an idiot. + +My current situation: + +* Wife and I are in our early 30s with a baby under age 1 +* Approx. 550k in retirement accounts, brokerage, high-interest savings. Additional 170k equity in our house +* My income is roughly 250-300k depending on RSUs and vesting options. I don't know if my income will always be this high, but it's guaranteed for at least the next 3ish years. +* Wife's income is about 160k, could go up significantly over time (attorney) +* Spending is roughly 7-8k/mo when you include mortgage @ 3k/mo, nanny 1.8k/mo, house/car insurance, etc etc. + +So I know we can afford the car. I'm just wondering if I should really be holding off on this sort of thing another few years in favor of investing and avoiding the "lifestyle creep" that this could initiate. + +\[edit\] Thank you all for the replies! + +\[edit2\] Sprinkling some more details in. + +* Our income was significantly lower before this year, hence why we don't have higher investment levels. +* Our current cars are completely paid off. +* Plan to have 2 kids total +* Target FF amount is about 5 million; we should be on a path to hit that in <20 years regardless of this purchase, and I like my job enough to not care about retiring earlier. +* I am not super worried about lifestyle creep, though I always keep it in the back of my head. My biggest hobbies are guitar and video games, and I haven't bought a new guitar or video game in 3+ years. + +&#x200B; + +If anyone ever comes back here, I bought the car. My company's stock is doing quite well so the car is already paid for from the gains :) +The sudden economic stop caused by coronavirus containment measures will cause a global recession this year and could see U.S. corporate default rates spike above 10% in the next 12 months, ratings agency S&P Global warned on Tuesday. + +ā€œThe sudden economic stop caused by COVID-19 containment measures will lead to a global recession this year,ā€ S&P said in a new report + +A cash flow slump and much tighter financing conditions as well as the simultaneous oil price shock will hurt creditworthiness it added. + +ā€œThese factors will likely result in a surge in defaults, with a default rate on nonfinancial corporates in the U.S that may rise above 10% and into the high single digits in Europe over the next 12 months.ā€ + +[https://www.reuters.com/article/us-health-coronavirus-defaults-s-p/coronavirus-to-cause-global-recession-surge-in-defaults-sp-global-idUSKBN214216](https://www.reuters.com/article/us-health-coronavirus-defaults-s-p/coronavirus-to-cause-global-recession-surge-in-defaults-sp-global-idUSKBN214216) +They are all identical, weather its APHA, HEXO, WEED, ACB etc. +And its not just the monthly patterns. The day to day is the same as well. + +What is going on here? Is this normal when companies are in the same industry? All of these companies have very different financials yet trade absolutely the same day to day. +Edit I linked wrong chart at first: https://fred.stlouisfed.org/series/CIVPART + + +We are at 1970s levels of participation right now. I would think this would be more correlated to money supply if QE actually did itā€™s job of providing jobs. +What makes a BSC token stand out from the *thousands* that have come out in these past few months? The developers. + +Specifically developers that know how to properly deliver on the promises they made to their investors, and Saturna has been nailing this, from the delivery of a comprehensive **NFT marketplace** to adding **P2P functionality.** + +Every single hour we get some new copycat token promising to be the next big thing without being able to actually deliver and soon dying after one or two weeks, and Iā€™m sure most of us here have fallen victim to those truly degenerate scam coins. + +Itā€™s why tokens like Saturna are a breath of fresh air in this current clogged ecosystem of low effort coins with no plan. Why do I say this? Look at what Saturna has achieved so far. + +* A **$100M market cap** in its first week since launch +* Listed on multiple different exchanges with a ton of partnerships +* **55,000+ Holders** within the first month +* An entire NFT marketplace while **NFTs are exploding** +* Continuous marketing via influencers and advertisements +* Constant communication from the team +* **300% price over the last few weeks** +* Developers that actually deliver on what they set out to do, and ones that work to constantly make the token better even when the market isnā€™t what it was + +What we want to see now more than ever are teams that have actually proven themselves to be trustworthy, ones that are willing to work no matter the condition the market is in because they understand it will recover after some time. + +And what have we seen happen to tokens that were previously 95% down but lasted into the next bullrun? Nine, even **10 figure market caps**. Just look at **SHIB** or **HOGE.** And I think Saturna will be no different. + +šŸŖ [Website](https://www.saturna.co/) šŸŖ + +ā€¼ļø [Telegram](https://t.me/saturna_TG) ā€¼ļø + +šŸ™Œ [Twitter](https://twitter.com/SaturnaToken) šŸ™Œ + +šŸŽØ [NFT Marketplace](https://marketplace.saturna.co/) šŸŽØ + +šŸ–Œļø [P2P Preview](https://twitter.com/SaturnaToken/status/1411449972533379078) šŸ–Œļø +[TL;DR](https://youtu.be/NzvWSlv3SM8) +This isn't volatile at all right? + +Facebook also just had a 26% drop in less than a day + +Gensler's argument against a BTC ETF is that + +*Itā€™s a digital, scarce store of value, but highly volatile,ā€ Gensler said, talking about bitcoin specifically. ā€œAnd thereā€™s investors that want to trade that, and trade that for its volatility, in some cases just because it is lower correlation with other markets. I think that we need greater investor protection there.ā€* + +*Gensler later added that he believes bitcoin is a ā€œspeculativeā€ store of value and that the SEC should be ā€œtechnology neutralā€ when it comes to innovations in markets.* + +One of my absolute favorite quotes from Ryan Selkis; + +**Iā€™m sick of feeling like we have to apologize for our early stage and walk on egg shells around politicians and regulators.** + +**We built a $2 trillion financial market from scratch in less than a decade with absolutely no institutional help and active encumbrances from government.** + +**Meanwhile, banks give you 0.025% interest on your deposits and front run your trades legally, and DC grifters overspend & debase your tax dollars while they insider trade stocks with impunity.** + +**Like other early stage, transformational tech markets, there are some characters, some bad actors. But mostly itā€™s just brave entrepreneurs and innovators.** + +**Donā€™t spit in our face and pretend youā€™re here to save people from us.** + +**We started this movement to save people from you.** +I canā€™t afford to cut back on anything more than I have. + +725 rent/bare minimums on loans/credit cards/135 car insurance that wonā€™t go down anywhere else/minimum Wi-Fi, no streaming. + +I have hospital bills from 2016 because I had a cancer scare that was negative. I canā€™t even get sick right and Iā€™m alive, so I canā€™t even die right. + +I interviewed for 12 jobs last week in person and dozens online. nothing went anywhere. + +I canā€™t get assistance from anywhere because I left and the past job refuses to do anything unemployment. + +Everything I do is wrong and I just want to focus on doing things right. + +This is just going to be deleted anyways by admins, so yeah. + +What do I do? + +Edit: Interviews are not applications. + +Edit to the edit: Okay, wasnā€™t expecting this. + +Alright: hereā€™s some background. I hated the previous jobs I had and attempted suicide a lot. I had a great offer and I took it and gave notice. Welp, shutdown happened, offer rescinded. Notice came, left work. Iā€™m at a temp job and went home last night and cried myself to sleep. I canā€™t afford my medications or have any benefits because hey, medical debt. Made post this morning while churning job applications away. Iā€™m sorry about the interview vs applications snafu. + +Still working through this information and suggestions. + +Edit to the edit to the edit: 9 interviews last week. Dozens of applications a day. + +Edit to the edit to the edit to the edit: Well...this might all be moot, looks like one of the interviews is in the process of changing their minds. + +THANK YOU ALL FOR YOUR HELP. Iā€™d gold and silver you all but alas....also silver is great. It helps stop vampires and kills werewolves. +29 yo, pregnant with twins and have a toddler, have to quit my job since we can not afford 3 in daycare. I have $9k in 401k. I don't know when I can go back to work, most likely in 5 years when they are old enough for school. My husband makes just enough for us to live paycheck to paycheck. Should I cash out my 401k and use the 6 grand for living expenses since I do not plan on returning to work for some time? Or do I leave it in the account until I return to work? +Dear reddit, + +We beseech you. We come to you from that subreddit youā€™ve heard about, but donā€™t really understand it, so Iā€™m going to try and break it down for you. We are the "apes" from r/Superstonk and we are battling the corruption of Wall Street with a very simple trick. Iā€™m sure many have heard about GameStopā€™s stock soaring in January 2021, but did you know that the story isnā€™t over? Iā€™m sure many of you are wondering what all the fuss has been about, so Iā€™m going to lay it all out for you as concisely as possible. In this write up, I will cover who we are, what happened with GameStop in January 2021, what is still going on with GameStop, what is GameStop doing as a company, and how we are bringing down the corruption of Wall Street. So sit back, and get ready, because you are about to hear the truth of the matter (not the ā€œstoryā€ from the media). + +First, who are we? We are a group of about 165,000 individuals who figured out the corruption on Wall Street, figured out how to beat them at their own game, and are on the verge of finally exposing the corruption and taking them down. We have all kinds of people; some crazy ones, some funny ones, and if you look at our sub now and then it all seems like a bunch of craziness. We are all quirky in a way to try and keep morale high while we continue on our endeavor to expose criminals and make them pay. The culture is about memes, laughs, and sometimes inside jokes, but I assure we all have the same goal. Our culture may seem odd, but our researchers and our partners (some who are experts in their field) have helped us understand the inter-workings of Wall Street, and now itā€™s time that their game stops (pun intended). + +So letā€™s get to the real reason we are here in r/superstonk. What happened to GameStopā€™s stock in January 2021? Iā€™m going to use the best analogy I have heard thus far: do you know how airlines sometimes over sell tickets of a flight, and then they have to start offering a large dollar amount for someoneā€™s ticket so the airline can buy it back and the person takes a later flight? That is what happened and is happening with GameStop in January 2021 and now. In January 2021, a report was released by FINRA that showed the amount of short interest in GameStopā€™s stock was 140%. + +&#x200B; + +https://preview.redd.it/z7nzux0iql891.png?width=945&format=png&auto=webp&s=b884ebf7ab31855b1ecc2e93b8548eb99bdf3cb0 + +Letā€™s pause here and learn a little. What is a short (or short interest)? A short is the term used when someone borrows a stock and sells it in the hope of its price decreasing. For instance, If I want to short the stock from company ABC, I will ā€œborrowā€ the stock from someone who owns it and I will sell it to someone else. If I sell it for $10, and the price goes down and I buy it back later for $6, then I made $4. If I did this with a million shares, you can see how this can very profitable. Now, short interest is the number of shares of stock that are shorted at a given time. GameStop has a float (shares available to public) in the amount of about 63M shares. The short interest was 140%, meaning 88M shares were shorted, which is basically impossible without illegal activity. People found this out in December 2020 and January 2021 causing people to buy into the stock, creating a ā€œshort squeezeā€, and causing the price to soar. Many brokers turned off the buy button when the price of the stock became ā€œtoo volatileā€. When they turned off the buy button, it killed demand causing the price to plummet back to $40. Later, it was revealed that the true short interest in GameStop was 226% (or about 142M shares). + +&#x200B; + +https://preview.redd.it/fewq2nmjql891.png?width=975&format=png&auto=webp&s=d9241dfc967b0d1696d8f05e94e943feb8ca9561 + +That leads us to now, so next questionā€¦ What is still going on with GameStop? Everything from last year became the impetus for the forming of r/superstonk. We are investors invested in GameStop, and we know that the shorts never closed their position and are still on the hook to buy back all those shares from us. We have discovered manipulation in all kinds of forms, and Wall Street is using every tactic that they have to keep the price from skyrocketing again. However, they are running out of time. Through our incredible research and crowd-sourced due diligence, we have concluded with all mathematical certainty, that we are still correct, and the shorts never covered their position. Again, they never ā€œcoveredā€ their position. They ā€œclosedā€ their position, and they did so by buying a financial instrument known as a swap. The swap(s) is/are used to hide the short positions so the shorts donā€™t have to be reported. + +So what is GameStop doing as a company? GameStop was always the go-to place for midnight releases of video games. As time has gone on and technology improved, a lot of games are now fully digital, which has hurt GameStopā€™s growth and revenue stream. However, they are about to change that and the future as we know it. Ryan Cohen, the billionaire who created Chewy, made an investment into GameStop in mid 2020, revamped the board of directors at GameStop, and has been installing over 100 C-suite level employees from the likes of Google, Facebook, Amazon, Chewy, etc. (See DRSGME.org for more info). We know now what they have been building and how they are positioning themselves to be the front-running technology company of the future. They are building an NFT marketplace that is built on blockchain technology, which is revolutionary. Whatā€™s an NFT marketplace? An NFT is like a digital fingerprint. Letā€™s say you buy a movie on Hulu or Netflix or Amazon. You can watch that movie on those apps, but you donā€™t really own the rights to the movie so you canā€™t watch it anywhere. Thatā€™s what an NFT changes. It attaches a digital fingerprint to the movie showing true ownership, so you can watch the movie anywhere you go. Now imaging doing that in games. Have you ever purchased something in a video game? That purchase may help you go further in a game or have a fancy character, but thatā€™s it. Well what if you got tired of the game in the future and you could sell that fancy character? What if you attached NFT to online card playing games like Pokemon, Magic the Gathering, Yu Gi Ohā€¦. And each card with an NFT would show your ownership and you could have the ability to sell it online? See how revolutionary this can be. Weā€™re talking music, movies, books, gaming, concert ticketsā€¦ you name it. All of it will be yours and you will now truly own your digital items. Thatā€™s what is going on, and that is what is about to launch in July. + +So how are we bringing down the corruption of Wall Street? Wall Street is running out of time and I will do my best to explain how. We (apes) are all individual investors that discovered we can take shares away from Wall Street, so they canā€™t manipulate the stockā€™s price anymore or as much as they did in the past. Did you know that when you buy a share through a broker like Fidelity, E-Trade, Charles Schwab, etc. that you donā€™t actually own the share? You only are given an IOU from the broker and they will show they owe you a share of stock and that stock is now in your ledger and on your monthly statements, but the shares arenā€™t really owned by you. Did you know that? Neither did we 17 months ago. Now we know, and we are all on a long journey to truly own our own shares. We are doing that by Direct Registering Shares (or DRS) into our names, individually. We are using a company known as ComputerShare to do this, as they are the registered agent for GameStop. Every time we DRS a share, a share is taken out of the ā€œfree marketā€ and put into our names, so it canā€™t be traded on the public exchange. Once we have DRSed all of the shares of GameStop, we will be able to prove without a shadow of a doubt that the stock market is rigged. + +Currently, we have registered approximately 15M of the available 63M shares. Every week that goes by, we try to buy a few more shares and DRS them, slowly taking away Wall Streets ability to continue their corruption. GameStop has even included the number of shares directly registered in their 10-Q (quarterly report), and you can go find it there (the number on the clip below is as of April 30th). + +&#x200B; + +https://preview.redd.it/4r718sqkql891.png?width=975&format=png&auto=webp&s=853956ba7b35329472c429386cee4b4ee7973cc5 + +Anyways, if you have always been curious about the real storyā€¦ now you know. If you would like to join the fight to bring down Wall Street, or if you would just like to invest in a revolutionary technology company that is about to truly revolutionize the digital world than please do so by buying shares of GameStop and DRSing them with ComputerShare. We are here to answer questions, we are here to be helpfulā€¦ sure, we can be a little nutty sometimes, but our hearts are pure, and we want to bring down Wall Street and change the world for the better. + +Power to the People + +Power to the Players +https://www.bloomberg.com/news/articles/2019-06-28/boeing-s-737-max-software-outsourced-to-9-an-hour-engineers + +> Longtime Boeing engineers say the effort was complicated by a push to outsource work to lower-paid contractors. + +> The Max software -- plagued by issues that could keep the planes grounded months longer after U.S. regulators this week revealed a new flaw -- was developed at a time Boeing was laying off experienced engineers and pressing suppliers to cut costs. + +> Increasingly, the iconic American planemaker and its subcontractors have relied on temporary workers making as little as $9 an hour to develop and test software, often from countries lacking a deep background in aerospace -- notably India. + +> Boeing said the company did not rely on engineers from HCL and Cyient for the Maneuvering Characteristics Augmentation System, which has been linked to the Lion Air crash last October and the Ethiopian Airlines disaster in March. The Chicago-based planemaker also said it didnā€™t rely on either firm for another software issue disclosed after the crashes: a cockpit warning light that wasnā€™t working for most buyers. + +> Engineers who worked on the Max, which Boeing began developing eight years ago to match a rival Airbus SE plane, have complained of pressure from managers to limit changes that might introduce extra time or cost. + +> ā€œBoeing was doing all kinds of things, everything you can imagine, to reduce cost, including moving work from Puget Sound, because weā€™d become very expensive here,ā€ said Rick Ludtke, a former Boeing flight controls engineer laid off in 2017. ā€œAll thatā€™s very understandable if you think of it from a business perspective. Slowly over time it appears thatā€™s eroded the ability for Puget Sound designers to design.ā€ + +> Rabin, the former software engineer, recalled one manager saying at an all-hands meeting that **Boeing didnā€™t need senior engineers because its products were mature.** ā€œI was shocked that in a room full of a couple hundred mostly senior engineers we were being told that we werenā€™t needed,ā€ said Rabin, who was laid off in 2015. + +> Starting with the 787 Dreamliner, launched in 2004, it sought to increase profits by instead providing high-level specifications and then asking suppliers to design more parts themselves. The thinking was ā€œtheyā€™re the experts, you see, and they will take care of all of this stuff for us,ā€ said Frank McCormick, a former Boeing flight-controls software engineer who later worked as a consultant to regulators and manufacturers. ā€œThis was just nonsense.ā€ + +> Boeing has also expanded a design center in Moscow. **At a meeting with a chief 787 engineer in 2008, one staffer complained about sending drawings back to a team in Russia 18 times before they understood that the smoke detectors needed to be connected to the electrical system**, said Cynthia Cole, a former Boeing engineer who headed the engineersā€™ union from 2006 to 2010. + +> U.S.-based avionics companies in particular moved aggressively, shifting more than 30% of their software engineering offshore versus 10% for European-based firms in recent years, said Hilderman, an avionics safety consultant with three decades of experience whose recent clients include most of the major Boeing suppliers. + +> With a strong dollar, a big part of the attraction was price. Engineers in India made around $5 an hour; itā€™s now $9 or $10, compared with $35 to $40 for those in the U.S. on an H1B visa, he said. But heā€™d tell clients the cheaper hourly wage equated to more like $80 because of the need for supervision, and he said his firm won back some business to fix mistakes. +I did a [quick google search](https://www.google.com/search?q=fatfire+reddit+best+house+features) for this and didn't see any existing threads. + +What are some favorite features that your upscale houses have, that a normal house does not? + +Giant home gym? Infinity pool? Beautiful finishes? A special garage for your boat and RV? Something that you wouldn't expect? Let us know! +The more I learn about it and as I see all the people who lose money on my discord as well as myself, the more I realize that itā€™s our own fault and itā€™s our own psychology. + +Mark Douglas said before that you only need one skill to trade. Click of a mouse (or phone). Thatā€™s it. And with it you can have a losing trade, a winning trade, or a spectacular trade. + +But it seems like day trading by concept is easy. Market goes up and down throughout the day. Anybody can scalp it or follow a trend. + +But itā€™s the psychology that makes the successful traders the 1-10%. Itā€™s our own brain that makes us hold losing trade hoping for a reversal, FOMO playing a trade, chasing a trade, sizing too big, impatience, etc. + +Seems like to be a successful trader, you literally have to fight against your own biological instincts of chasing that dopamine high. +Despite the fact that the coronavirus has basically stopped economic activity in China, NASDAQ and DJIA continue record highs. Despite the fact that the yield curve keeps inverting, the market continues to go higher and higher. What is making this market continue to rise? The market has gone mad. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Seeing several posts about various outlets who have time and time again shown their hand in what they represent (or donā€™t represent) in financial media coverage, specifically with GME. While one could argue the attention is good, remember how they have been self serving first and foremost. It is not a sudden shift in sentiment towards GME that comes without reason. Expect sentiment rug pulling, price anchoring, anythingā€¦ in other words expect fuckery (same as it ever was). + +Media personalities have their own agendas: book sales, ad revenues, clicks, etc. That doesnā€™t even touch on potential conflicts of interest. + +This is not a political post. This is not even going to single out any one or two news outlets. This subreddit is not political and I guarantee that there are people of every walk of life hodling GMEā€¦ hence apes. Keep politics out of the sub and if you see arguments occurringā€¦ not everything is what it seems. State that this is a sub about GME and the company, Ignore, report, move on. Joining in will only fuel flames. +Hey, I'm in Czech Republic and using Degiro to invest in ETF's. I want to invest a lump sum cca 50k Euro, and I plan to DCA in more on a regular basis. But I'm struggling to understand what guarantees I would have if Degiro ran into problems. + +So like in the title, how much is a safe amount to keep with Degiro? + +Should I be opening a 2nd account with a different broker (such as Interactive Brokers?) beyond a certain amount to spread risk? +>**Key Points** +> +>**Jamie Dimonā€™s message to the management team of $3.4 trillion banking goliath JPMorgan Chase: Be frightened of fintech rivals.** +> +>**ā€œAbsolutely we should be scared s---less about that,ā€ Dimon told analysts.** +> +>**Dimon said he sent his deputies a list of global competitors, and that PayPal, Square, Stripe, Ant Financial as well as Amazon, Apple and Google were names the bank needs to keep an eye on.** +> +>[JPMorgan Chase](https://www.cnbc.com/quotes/?symbol=JPM) CEO [Jamie Dimon](https://www.cnbc.com/id/10000222) has watched while a new breed of fintech players, led by [PayPal](https://www.cnbc.com/quotes/?symbol=PYPL), [Square](https://www.cnbc.com/quotes/?symbol=SQ) and tech giants around the world have exponentially grown users and market value. +> +>His message to the management team of his $3.4 trillion banking goliath: Be frightened. +> +>ā€œAbsolutely, we should be scared s---less about that,ā€ Dimon said Friday in a conference call with analysts. ā€œWe have plenty of resources, a lot of very smart people. Weā€™ve just got to get quicker, better, faster. ... As you look at what weā€™ve done, youā€™d say weā€™ve done a good job, but the other people have done a good job, too.ā€ +> +>Dimonā€™s blunt assessment was in response to questions from analysts including Mike Mayo of Wells Fargo who pointed out that with [rich, tech-like valuations](https://www.cnbc.com/2020/09/04/disruptors-paypal-and-square-surpass-wall-street-giants-including-goldman-sachs-in-market-cap.html), fintech players have ā€œtrouncedā€ the traditional banks in recent years. +> +>Dimon said he sent his deputies a list of global competitors, and that PayPal, Square, Stripe, Ant Financial as well as U.S. tech giants including [Amazon](https://www.cnbc.com/quotes/?symbol=AMZN), Apple and [Google](https://www.cnbc.com/quotes/?symbol=GOOGL) were names the bank needs to keep an eye on. The rivals are also clients of JPMorganā€™s commercial and investment banking in many cases, he added. +> +>Competition will be particularly tight in the world of payments, he said: ā€œI expect to see very, very tough, brutal competition in the next 10 years,ā€ Dimon said. ā€œI expect to win, so help me God.ā€ +> +>Dimon added that in some cases, the new players were ā€œexamples of unfair competitionā€ that the bank would do something about eventually. He included players that take advantage of richer debit-card revenue for small banks and firms Dimon accused of not taking precautions against money laundering. +> +>He specifically called out Plaid, the payments start-up whose acquisition by Visa recently collapsed, saying ā€œpeople who improperly use data thatā€™s been given to them, like Plaid.ā€ +> +>Plaid CEO Zach Perret declined to directly respond to the accusation during an [interview](https://www.cnbc.com/video/2021/01/15/plaid-ceo-on-how-its-5-point-3-billion-deal-with-visa-fell-through.html) with CNBCā€™s David Faber, adding that Plaid is spending time with the bank on a partnership. +> +>When contacted for further comment, a Plaid spokeswoman said the company is ā€œfocused on ensuring people have access to their own financial information so they can securely share it with permission in order to use the fintech apps they choose.ā€ +> +>She added that ā€œdata privacy and security are core to everything we do, including the data exchange agreements we have with JPMorgan Chase among many other banks.ā€ + +[Original CNBC article](https://www.cnbc.com/2021/01/15/jamie-dimon-says-jpmorgan-chase-should-absolutely-be-scared-s-less-about-fintech-threat.html) +Just curious. Always been interested in RE investing, but since looking at it closer, Iā€™ve been wondering whether itā€™s the best use of my cash. + +Enlighten me ! + +EDIT: I mean historic stock market returns of 6% +Can anyone shed some light on what's happening with ITM Power plummeting this week? + +I understand it's something to do with splitting part of their business into a separate entity, but it seems like the new company is wholly owned by ITM Power and staffed with ITM Power staff, so I'm not sure why this is seen as such a big deal? + +I think the company has great potential and am leaning towards this being an opportunity to pick up a bargain, but I'm worried I've missed something that everyone else has seen! +Just sold my first option for a measly 20% gain. I had planned to sell before the company reports earnings on Wednesday anyway but pussied out early to take what I could and make my first attempt a this options thing a positive experience. + +How you fucks can buy 100s of these contracts and hold and hold and hold is beyond me. You all either have balls of steel or are a special kind of retarded. +Good Idea or no? +I see Trailers all over the place for sale for around $15,000 to $25,000 and in decent condition. +And that includes the lot. + +Now, I've never owned a home because I like my minimalist Apartment lifestyle, but want to rent out to tenants as a means to having passive Income. + +In my area Trailers like the ones Im looking at can net up $800 a month or more in Rent from being close to Town. +If I can get my mortgage payment way below that would it be a good idea? + + +EDIT: +1 more question, lets say the Tenant stops paying Rent and I have to kick him out. +But I then, wouldn't be able to afford the Mortgage. +How would I protect myself until I find a new Tenant? + +EDIT: I feel like the answer I'll get to that is. +"Well, you should be able to afford it before investing". +But lets say I cant anyways. + + UPDATE. +I went through and read all the replys. +Thanks, Very Helpfull. +Seams like most think that Owning the land is a smarter Passive Play than the home itself. +So I think I'll try my hand at that. +Hi everybody + +I am studying value investing and came across this quote by economist Austan Goolsbee in a book: ([Can be found here](http://pzacad.pitzer.edu/~lyamane/buffett.htm)) + +&#x200B; + +>I'd tell the shareholders to watch their wallets. See, I'm an economist, and it always sticks in my craw when people say Warren has the Midas Touch. That's because the one thing that professors pound into young economists is that the only investors who beat the market are ones who get lucky or else take risk. +> +>You get data shoved in your face showing the people who did well last year aren't any more likely to do well this year. In fact, about 80% do worse than the market average. The heroes only appear after the fact, which means they got lucky. The dismal science says to just invest in index funds because they charge low fees and give you the market average. +> +>The problem is, no one in the real world seems to believe that. I mean the Omaha billionaire earned twice the market return from 1965 to 2003. Surely this man disproves the naysayers. And that's where I come in. See, heroes are just more fun than index funds. So, I gave in to temptation. In 2003, I bought one share of Berkshire Hathaway ā€” the cheap kind, not the $80,000 one, and waited for payday. Since then my share is up 20%. The index fund I didn't buy is up more than 30%. Warren, give me something I can use, man. You were supposed to demonstrate that a proven track record predicts success. You're killing me here! + +What do you all think of Mr Goolsbee's comments and the overall "Efficient Market Hypothesis". + +Thank you. + +(Asking for a friend). He makes $90,000, no taxes working 100% in a third world country. 27M, bachelors in finance/analytics. + +Current total expenses are 16% of total income. No debt. Does it make sense for such a person to move countries and head to US/Canada. Would he get a better life (other than obvious benefits) in terms of money. + +For example would someone working in financial modelling, venture cap, investment in USA/Canada get 2x-3x more than $90k USD? + +Edit: since some of you asked, think natural calamities, political turmoil, economic challenges, inflation, bad infrastructure and crime. But no bombings etc. +Good morning everyone, itā€™s Friday! + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Stocks Over $10** + +* Gapping UP: GME, BA, NVAX, ALT, AVEO, MVIS, KOSS, GOEV, CANG, DDD +* Gapping DOWN: POSH, CHPT, MARA, RIOT, CAN, EYES, SUNW, TSLA, RIDE, NIO, MGNI + +**Stocks Under $10** + +1. NLSP: Gapping up on news catalyst. Seeing strong volume and price action at the moment, we'll see if that momentum holds up. +2. CFRX: Gapping up after announcing a contract. Seeing good volume and price action in premarket. Also had a strong day of trading yesterday, so it could get extended today, just don't go chasing trades. +3. CCRC: Gapping up on news of merger agreement. Seeing decent volume and price action in premarket. +4. BHAT: Gapping up but couldn't find a catalyst. Found support at 1.60 in premarket, and seeing decent volume at the moment. +5. SEEL: Gapping up after a raised price target. Seeing good volume and decent price action in premarket. Showing a bit of weakness at the moment, I'll want to see a revival before market open. +6. ENTX: Gapping up on momentum from yesterday. Could get a bit over-extended today, so just stay disciplined and don't chase. + +We are looking at opening in the red this morning. After two strong days in a row, this isn't too surprising. SPY is trading a little above 392 at the moment, after hitting ATH yesterday. Bitcoin is pulling back a bit, and currently trading at 55,600. It will be interesting to see how long this pullback lasts, but I'll be following Bitcoin-related stocks closely. Gold and silver are also down at the moment, and oil is cooling off a bit. GME figures to see some volatility today, I'll be watching mostly for entertainment purposes. We could see some choppiness in the market after the two strong days we just saw. If we do, it's okay to step back and wait patiently. There's also nothing wrong with sitting the whole day out and not making trades, sometimes it happens for the better. If the market resumes its strength, then business as usual. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter. Happy trading everyone :) +So it's been a great year, in big part thanks to ThetaGang! In 1-year my account has gone from $134K to $260K, 110% 1-year rate of return, $40K+ deposited, rest is gains. + +I felt comfortable taking larger risks that "made sense" to me, lots of meme puts, some naked calls, often maxing out the initial margin on my portfolio margin account. It almost always worked out, worst week I had was -$8K. + +Now at my current account size, I realized the option income has steadily become part of my life plans, and has lately been more than what I make at work. I also just realized I'm MUCH more invested in the market than just 1 year ago. It's been a really amazing ride up, and I don't really want a big ride down now that I have something to lose. + +How do you guys deal with growing account / theta income? I'm thinking of being more conservative and focusing on preserving gains, buying more broad ETFS like VTI / VXUS, setting a monthly options goal and sticking to it, etc. +Hey guys + +Just thought it would be nice if we can all chip in regarding things we should check and questions we should ask when buying an apartment. I myself am a first home buyer and I know there's quite a few of us in the exact same scenario - so I just thought it will be nice if we can help each other out. + +As more posts come in, I'll edit the OP so it becomes a mega list of sorts. + +*Questions to ask* + +* How old is the apartment? +* Why is the seller selling? +* How long has the seller had the apartment for? +* Does this apartment have shared walls - if so, which ones? \[knock on those walls to see how thick they are\] +* What is the rental return? +* Who mainly lives in this apartment block (rentals or owners)? +* Does this apartment have NBN? +* What are the quarterly water/strata fees? (high strata fees can indicate there's something that needs fixing and/or the apartment has a lot of expensive amenities - e.g. indoor pool, lifts) +* Is there a strata report I can access/buy? +* What is the sinking fund (if the amount is too high, what has strata not been doing?; if its too low, will we get hit with extra fees by strata? +* Are you allowed to keep pets? + +*Things to look out for* + +* New paint (potential indication previous owner is trying to hide mould) +* Mould/cracks in walls etc. +* Which direction most of the windows are facing - I heard North was ideal in terms of sun exposure +* Water pressure from taps/age of piping etc. +* Train/traffic sounds (if you can hear them, try to figure out when it start/stops) +* Air con (some apartments don't have them and you have to apply to strata) +* Car park - how big is your car space? + +*Things to get checked* + +* Get someone in to check for pests/building or structural defects +* Price of similar units sold in the nearby area +* Body corporate minutes (shows if there are special levies etc.) +There's been a fair few posts about the lifetime allowance, so I finally figured I'd sit down and do the calculations. Hopefully I've not made any errors, but it is quite possible, and if anyone can spot an error, please let me know and Iā€™ll update. + +I've looked at the different scenarios around basic/higher rate while paying in, basic/higher rate while withdrawing, and also whether you get salary sacrifice and employer NI refunded. + +My strategy is simple, assuming you're above the LTA already, and you're adding Ā£1000 to your pension, what will you get out of the pension immediately, after the 25% LTA charge, and the income tax. + +[Here are the results, now including the "45%" tax rate](https://i.imgur.com/9itbvUB.png) + +[~~Here are the results, now including the "60%" tax rate~~](https://i.imgur.com/qduo91H.png) + +[~~Here are the results~~](https://i.imgur.com/qduo91H.png) + +[~~Here are the wrong results~~](https://i.imgur.com/V2bHEU0.png) - (I made a mistake with these, thanks /u/PumpkinExpert2092 & /u/Stonedefone ) + +In my mind, if you're not making 10% profit, it's not worth it. As such, what jumps out at the numbers is that **you pretty much need employer matching if you're breaching the LTA**. So that will rule out large Ā£40k contributions for most people, as they're unlikely to be matched for that amount. + +There's one edge case though, it's still worth it (~~25%~~ 17% gain) if you're a higher rate tax payer with full salary sacrifice and expect to be a lower rate tax payer in retirement. Contractors working outside IR35 would be in this position more or less. + +I guess some people may also think that so long as they don't lose money, or only lose a small amount of money, then it's still worth it for the lack of CGT within the pension, and inheritance tax benefits. Fair enough. + +**Toasting** + +Now onto the main thrust of this post, the cost of running a toaster under lockdown and how it compared to using the oven. + +For many years I've resisted the extravagance of having a toaster, and simply relied on the oven. The problem I was having though was that due to working from home again due to the current work from home guidance, I was relying more on heated bread-based snacks to get me through the day. + +Second to that, given that my entire day consists of playing Red Alert 2 online, I was burning toast fairly regularly (shrinkage) as Iā€™d be stuck in a lengthy battle with some rude young man on the other side of the planet and unable to run to the kitchen to turn off the oven. + +I can imagine what you're all thinking. An often overlooked issue with toasters is the internal height of the toaster not being high enough, this leads to the awful situation of the edges of the toast being uncooked. I can reassure the reader that the Cookworks 2 Slice Toaster is perfectly capable of providing the required drop for Sainsburys Taste the Difference Multiseed Soft Wholemeal Farmhouse bread. Bread positioned horizontally. + +So here are the costs. + +**Expected:** + +Ā£8.80 ā€“ cost of the toaster, The Cookworks 2 slice Toaster ā€“ Argos + +Hereā€™s an actual picture of the toaster in-situ, fully loaded https://i.imgur.com/Sxyt6Ym.jpeg + +Cost of electricity for toaster usage per year - Ā£2.92 + +**Unexpected:** + +Removal of shrinkage Ā£7.60pa (bread loss due to fire) + +Electricity saved, Ā£13.28 + +As can be seen, my profit for this endeavor is expected to be about Ā£9.16 for the first 12 months, which I intend to add to my pension. As Iā€™m nowhere near the current lifetime allowance, itā€™s a no brainer. + +Disclaimer - I'm not an accountant and this is just my best endeavors. Do not rely on it for your financial planning, take real advice. +Background: Currently have a $500K account with about 200K in index etf and use the rest with portfolio margin to sell premium (Naked calls puts strangles etc). + +Now I just divested from RE and other equity investment which means I'm sitting on close to $2M total. Real estate is too hot for me to go back in. + +It's life changing $ that I'd like to not YOLO. What are relatively safe portfolio set ups and strategies high rollers use that are more for generating income than looking to do 10 bags? +First time car buyer here. I am a 20 year old female with decent credit but am not getting approved for any low interest rates because of my age. I need a car ASAP but Iā€™m really frustrated because I donā€™t think I fully understand the car buying process and I donā€™t have anyone in my life who can help me with that. + +Iā€™m looking at a 2017 Chevrolet Cruze with 67,000 miles on it. I can put 1000 down and pay 297$ monthly for a 5 year loan with a 13% APR. I have been approved for this through capital one. I havenā€™t tried financing through the dealer yet, would that change anything? + +I know that a 13% APR is pretty high but thatā€™s the lowest I have been approved for so far.. I have decent credit but the issue is that I am 20 and havenā€™t had credit for very long. I have been approved with no co signer and I know that a co-signer would help the rate, but I donā€™t have anyone that can co-sign for me. + +I guess what Iā€™m asking is that if I buy this car, or something similar, is it going to bury me?? With 67,000 miles on it is it worth paying that much for 5 years? What would insurance costs probably look like? I currently make about $1600-$1800 dollars a month and pay $645 in rent. + +I am test driving the car Monday. Also I am a 20 year old female who doesnā€™t really know anything about cars. I donā€™t really have anyone that will go with me. What kind of things should I be looking for when driving the car? What should I ask the dealer? How do I negotiate on price and not let them screw me over because Iā€™m a young female on my own? + +Iā€™m open to other cars but I need something ASAP and I havenā€™t been approved for anything less than $200 a month. +Should I try to change that mindset? Or is nothing worth it other than food and shelter. Are there any other purchase types you're consistently happy with? +Hey all. + +This week I got an email from Virgin Media telling me my broadband package was increasing in price by 10%. + +Quick check online and found my package listed at 40% under what they were trying to increase my price to. + +Found their head of complaints email address, Daniel.potts@virginmedia.co.uk, quick polite email and less than an hour later I received a call from their exec office. + +5 minute call and I'm now paying less that their new customer prices seen online. + +Saved myself Ā£210 over the next 18 months now. + +*edit* + +Adding the email I sent so anyone can use it; + +Name: + +Contract Number:Ā  + +Account Number: + +Area Ref: + +Contact Number:Ā  + +Contact email: + +Address: + + + +Dear Virgin Media + + +I've been a customer of yours since 1 June 2020.Ā  + + +I was initially paying Ā£29.99/month for M100 Fibre Broadband and 100+Tv channels. Come May 2021 I was informed the price would increase to Ā£59/month. After speaking to your retention staff we agreed a price of Ā£38/month for the same package until 15 November 2022. + + +On 5 January 2022 I received an email stating my price would increase by Ā£4/month from 1 March 2022. + + +Looking online I see that our package is still available at Ā£29.99/month yet I'm expected to pay Ā£42/month? + + +I understand price rises in line with inflation and Virgin Media measure this using the Retail Price Index however I cannot understand our price increase from Ā£38 to Ā£42 which equals a10.53% increase. RPI this year is currently predicted at 4.2%. + + +The difference in price for other customers paying Ā£29.99/month and us paying Ā£42/month is a difference of 40.05%. How can you justify this increase? + + +As resolution to this price hike my preferred expectation would be that I'm offered the same price as other customers of Ā£29.99/month for the duration of this contract. + +If that can't be done then I'd settle for my price to remain the same at Ā£38/month. + + +If this also can't be done then I'll have no option but to end our agreement. There are plenty of alternatives these days and with the introduction of 5G to our area we no longer have to rely on traditional lines. + + +I hope to hear back soon, + + +Thank you. + + + +***they offered me my package at Ā£29/month +I say when GME hits like 800-900 we increase karma requirements so there is no influx of bots and shills who are trying to tell everyone its the peak. + +If the mods see this I suggest that they make a FAQ thread for serious inquiries and newcomers so that the sub doesnā€™t go tits up. + +Thank you and šŸš€šŸš€. + +Edit: comment and post cool downs wouldnā€™t kill either! +(Im also only referring to posts and comments, anyone can join sorry i should have clarified) + +Edit 2: Since a lot of lurkers and vets kinda get punished by this suggestion despite doing nothing, maybe If possible new members get really really hiked karma requirements meanwhile vets get much lower requirements, up to the mods tbh. + +And worst comes to worst, mods can just filter every-post before its sent but that could be a lot of work and may result in mods being called sellouts for not approving every post or missing like a really important DD or event due to them having to filter 180k apes at a time. Everyone will be in here when it starts and that could be hell for mods! +All of this is allegedly and is not Financial advice. + +EDIT: Apparently Vanguard only does PFOF for options and a lot of vanguard apes are not happy I included them in the title BUT they ARE fucking with apes regarding DRS long delays so the point of this post still stands. Force their hand, cancel your drs with them, transfer to Fidelity and then DRS. + +&#x200B; + +TL:DR The meat and potatoes of it all. If you use a PFOF Broker (*Robinhood, E-Trade, TD Ameritrade, Ally, Webull, Tradestation, Vanguard and Schwab) transferring first to a DRS friendly broker like Fidelity before you DRS has a great number of advantages both for the individual ape and mankind as a whole.* + +&#x200B; + +* *Many if not all PFOF brokers do not buy some or all of your shares for you when you buy them. The cost basis apes get after transferring from them have shown they scramble for shares when they get transfer requests time and time again.* +* *They take your money and use it to generate more money for themselves and hope to make profit on your shares in the meantime and then help to manipulate the price down so you eventually sell them at a lower price. As well as receiving PFOF from their overlords like Shitadel who front run and again manipulate the price down desperately.* +* *When you apply to DRS through your PFOF broker they will often quote you an unreasonably long time for it to be complete.* +* *There are countless stories from apes about being fucked around by these PFOF brokers when requesting DRS.* +* *They do this for any and all of these reasons; so they can scramble in the background and get real shares for you (sometimes taken from other apes accounts that have yet to transfer), commit yet more fuckery, cancel your transfer and hope you forget about it, buy time to stall and appease their PFOF clients, decide to charge you a fee to help cover themselves, try to figure out how theyā€™re going to keep passing Margin Calls if they keep getting DRS requests etc.* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *Why have the lending rates been so stupidly low for GME for so long? to encourage others to borrow and short GME.* +* *In fact some PFOF Brokers are even PAYING PEOPLE TO BORROW THE STOCK* +* *Why? so that they can keep up the can kicking by providing ā€˜liquidityā€™ AND put downward pressure on the stock helping their margin and leverage risk levels.* +* *What happened in January with the buy button being turned off was that with the massive amount of buy volume for GME and barely any real shares would have been available, most would FTD and the stock would rocket, market crash etc.* +* *So a lot of the shares that were sold in the January run up and since then have essentially been selling you a stock that they had no intention of delivering on.* +* *Once theyā€™d done it a bit it only made sense for them to keep doing it again and again day after day, diluting the stock hoping the apes would stop holding and buying and price would eventually go down and save their margins.* +* *Instead theyā€™ve just put more fuel in the rocket, a LOT more fuel* + +&#x200B; + +==================================================================================== + +&#x200B; + +* *How does Fidelity tie in to this? Fidelity had positioned themselves since selling 9m+ GME shares before the Jan run up to be in an amazing position to swallow up their rivals client bases. Compared to their competitors their margin levels and cash balance was probably VERY nice come the sneeze.* +* *We first saw them take advantage of this after January when a lot of apes transferred to Fidelity from Robinhood.* +* *It seems that instead of being easy on their rivals (why would they) and letting them do a slow NON-ACAT transfer of shares allowing delivery in 4-6 weeks Fidelity exercised their right and used their* ***FAT*** *cash balance to do a forced buy-in of every share transferred and then send the bill to Robinhood.* +* *Fidelity doing Buy-Ins and other firms scrambling to keep the Bare minimum margin requirements potentially caused the February Run up.* +* *These big fat bills coupled with robinhood being still very over leveraged by the high price of GME meant that Robin Hood had to rush a $5B issuance of convertible notes and warrants with low rates and conditions as revealed in the IPO.* ***DICEY DICEY*** +* *Now DRS is another opportunity to have Fidelity* ***fuck*** *with the PFOF brokers some more and bring them closer and closer to liquidation.* +* *A transfer from broker to broker must be completed in 3 days, putting more pressure on the PFOF brokerā€™s margin and leverage. They canā€™t stall like they are with DRS requests.* +* *If Fidelity doesn't receive shares in due time they can then force a buy in from the PFOF broker once the transfer goes through and they need your shares to DRS* +* *This slams the PFOF broker as they either have to give Fidelity some of their limited supply of real shares or are forced to buy them putting pressure on their balance and risk levels AND they lost a customer.* +* *From there Fidelity have the fastest DRS times and they have gained a happy customer and damaged a competitor.* +* *If this information stops being suppressed and enough apes learn why to do this* ***then 741 comes along quicker*** +* ***741 - US Code that pertains to Broker-Dealer Liquidation and Bankruptcy.*** *These brokers will crumble and be liquidated and* ***the first BIG dominoes towards MOASS will fall.*** +* *GET out of these AT RISK SCUMMY PFOF BROKERS and make your shares REAL and under your name.* ***Speed the process to DRS up and send a big FUCK YOU to your PFOF brokers by transferring to Fidelity first and then DRS.*** +* *ITS A WIN FUCKING WIN* +* *KARMA is a BITCH* +* **DRS IS THE WAY** +* **EVERY SHARE MATTERS** + +&#x200B; + +*====================================================================================* + +&#x200B; + +The aim of this post is to try and boost the signal of this information so it gets seen and understood by as many apes as possible. I tried to distill it into as readable and short a format as possible that would still drill the point home. I still see far too many apes with these brokers complaining about long wait times and being fucked around. **Transfer and force their hand! This info needs to spread!** + +I canā€™t take much credit, as all DDs are this was built by standing on the shoulders of other glorious apes that stood before me and wrote quality DD. + +This DD in particular could not have been done without the post last week by u/[Full\_Option\_8067](https://www.reddit.com/user/Full_Option_8067/) whose DD **ā€˜The Untold Story Leverage Ratiosā€™** that goes in depth into all of this should honestly have reached the front page of reddit. I would link it but I'm scared of automod. Please click his name and read his post. After spending hours a day everyday on reddit since January I think his DD is up there with the best. As it happens it only got around 2k upvotes. Since Iā€™ve known this and observed this info not being common knowledge for apes like it SHOULD be I decided to make this post and spread it. There are strong reasons to suspect that his post was suppressed and others have also experienced the same shill attacks when talking about this so please help this info spread among apes! + +Iā€™ll leave you with something I typed in my notes during a period in which I got very angry researching and writing this, me screaming into the void is now me screaming on reddit :) + +FUCK YOU, PFOF BANKSTER SCUM. Youā€™ve smiled at your customers' faces and then stabbed them in the back repeatedly for years! Making billions and trillions from the hardworking Public by selling them IOUs in place of shares and selling their trade data to trash like Shitadel and hiding behind ā€œwe offer free tradingā€! Now weā€™ve turned around and we see the knife thrusts coming and we are throwing counters! Eat these transfers, eat this DRS you scum! + +**HOLD** + +**TRANSFER** + +**DRS** + +**EVERY SHARE MATTERS** + +PS I think for euro and international apes having trouble with their brokers to DRS the closest equivalent to Fidelity is to transfer to IBKR then DRS + +&#x200B; + +FIN + +&#x200B; + +All opinions expressed by the me are solely my opinion and do not reflect the opinions of anyone else. + +You should not treat any opinion expressed on this message as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of an opinion. Such opinions are based upon information I consider reliable, but I do not warrant its completeness or accuracy, and it should not be relied upon as such. + +I am not under any obligation to update or correct any information available on this website. I am an active shareholder of Gamestop stock. + +Also, the opinions expressed by me may be short term in nature and are subject to change without notice. + +I do not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed from my reddit account. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. + +You must make an independent decision regarding investments or strategies mentioned on this website. Before acting on information on this website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser. + +None of this is insider trading and is all publicly available information. +Itā€™s been a pleasure knowing every single one of you. Thatā€™s it. No wager, no up-the-bum dare, just to thank you all for the journey. + +Some day soon weā€™ll look back on the halcyon days of 2021/22 and wonder how we ever had it so good. Recalling the days that we thought we were struggling, but realising that we were actually growing and thriving as a community. + +Of course, nothing will happen Tuesday, the stock will tank 15%, and we will just start getting hyped for the next date, but the sentiment still stands. + +I wonā€™t be going to any post-MOASS parties and will probably burn this account, so farewell and good luck to all you lovely apes x +I get these so often and I'm not sure why, other than cold calls (posts) from this sub. But I'm not even very active in this sub, nor do I have a flair. + +So this isn't a very deep post but I'm just curious. How often do you get unsolicited requests for donations? + +**Approximate poll:** + +* a) never +* b) once or twice +* c) every couple of months OR several times total +* d) fairly often, at least once every 1-2 months +* e) at least once a month or every few weeks +* f) every week or more + +I'm E. I'm not sure if it's my post history, or what. Quite a few people tell me their mental health struggles and family history. I try to give a personalised response to each because they seem sincere but I'm getting desensitised to it. + +Just curious. No deeper meaning unless you guys would like to discuss! + +&#x200B; + +Edit: Thanks everyone, glad to know I'm not the only one! And I know the kind of comments I make that may elicit more of it or have people think that it's worth a try to ask, so I get it now. + +PS can you trolls who are DM'ing me come up with something more creative pls. I'd pay for that. +Our favorite German ape, u/DerGurkenraspler, seems to be out sick, so let's watch the German market together while we wait for early US pre-market to open! + +115 minutes in: **$180.19** (final update, US pre-market opens in 5 minutes) + +110 minutes in: $180.19 + +105 minutes in: $179.99 + +100 minutes in: $180.20 + +95 minutes in: $180.45 + +90 minutes in: $180.28 + +85 minutes in: $180.07 + +80 minutes in: $180.94 + +75 minutes in: $182.00 + +70 minutes in: $181.74 + +65 minutes in: $180.95 + +60 minutes in: $180.90 + +55 minutes in: $180.90 + +50 minutes in: $180.77 + +45 minutes in: $180.77 + +40 minutes in: $180.77 + +35 minutes in: $179.77 + +30 minutes in: $179.76 + + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. + +I'm not trying to take over this tradition, just keep it going for fun. +She said "you should always prioritize saving for retirement. Because anything else you save money for- a car, a house, an education- you can borrow money to get. But you cannot borrow money to retire" + +Not sure why I had never thought about it but its a really good point +**TL;DR:** Rule 005 has removed the phrase allowing the transfer of securities during a pledge. This stops borrowed shares from being used for some shenanigans. It is a big deal. + +005 is not a minor clarification, despite the document explicitly saying so. They've straight up changed what the rule does. For anyone following the *intent* of the rules, it's no different. For anyone following the *words as they are written*, it's now a completely different rule - pretty much the exact opposite of what it was. + +Take a look at page 36-37 of [the 005 document](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf): + +&#x200B; + +[Note that I have cut out the page break](https://preview.redd.it/kcj3hwyehi571.png?width=883&format=png&auto=webp&s=24c131765cf63f983aab67276f65a8289d1d11ca) + +This: + +>will make appropriate entries on its books **transferring the securities from the account of such depositor to the account of Pledgee** and shall maintain such securities in the account of Pledgee until instructed by Pledgee to release such securities + +Becomes this: + +>will make appropriate **entries on its books to indicate the pledge of the securities from such depositor to the Pledgee** and shall maintain such securities with a notation that the securities are pledged by the depositor to the Pledgee until instructed by Pledgee to release such securities + +Notice that the clause about transferring the securities is gone? Yeah, that's not a minor clarification. The transfer of shares has been changed to an entry indicating a pledge. + +Before: transfer the security to your account + +After: get a pledge entry on your books + +Given that our focus is on what shenanigans can be performed with the security in question, this is *not* a minor clarification. Now they get a pledge, not a security. For anyone following the rules, no real difference. For anyone abusing the security for shenanigans, now you don't get the security in your account. + +See this excerpt from page 30 of the 005 document: + +>This status **systemically prevents the Pledged position from being used to complete other transactions, which is consistent with the Pledgeeā€™s Control over the Pledged Securities**, as discussed above. Likewise, the release of a Pledged position results in the removal of the notation of the Pledge status of the position and the position would become available to the Pledgor to complete other transactions. + +Notice that the implementation of this rule will be key. It is now the *lender* of the securities that retains the security in their account. Previously, only the borrower was required to engage directly in the market manipulation - the lender just sent their share off without any responsibility for what it ended up doing. Now that the security remains in the lenders account, they can't just send it off to the SHF's to play dirty games with. I'm hopeful that this will make a difference by preventing the abusers from getting any further help in the form of shares lent by parties who are unwilling to directly engage in manipulation but will happily allow others to use their securities for the purpose. + +All of this said, many of the problems that have come to light these past few months relate to the implementation and regulation of the rules rather than the actual rules themselves. I am optimistic that this is a big victory against corruption, but it may prove to be toothless in practice. + +Important note: my incompetence may compromise the quality of any information in this post! + +Edit: see also [this](https://www.reddit.com/r/Superstonk/comments/ncnz1l/where_in_the_world_is_srdtc2021005_we_were_told/?utm_medium=android_app&utm_source=share) post from another user a month ago (as pointed out in the comments, the same points were made there - sorry, I was unaware of this or I would have cited in the initial posting!) +Hi Friends- + +Wanted to share my portfolio and see what people thought in the effort of educating myself and others. + +My strategy is to diversify through 100 stocks/ETFs (75% stock / 25% etf). + +I review the holdings every quarter and drop some and pick some up to have a portfolio/pie of 100. + +I invest through M1. They work off the ā€œpie/sliceā€ concept. 100% of your holdings is your pie or portfolio. Each ā€œsliceā€ of the pie is 1% of my holdings. + +I DCA every week to M1. Not sure how the other brokerages work but M1 puts the funds into the underperforming holdings to balance out the portfolio. + +This method is far from having a handful of stocks / etfs, but it gives me that sense of diversification. Granted, some/many of the stocks are likely in the ETFs. My theory of dropping / adding also helps keep me informed and close to the market. + +I know SCHD is a fan favorite and happy to have it as part of my portfolio! + +Iā€™m 37 and looking to keep investing here for the foreseeable future. Goal is to grow the nest egg and reinvest the dividends. + +Looking to learn from those around me. Also, curious about what stocks might fit will with my strategy (and which should be dropped). + +Imagery from an app called Stock Events (which I learned about from this group). + +Thanks for the time and support! +What is the max amount of rent you think i could afford?? itā€™ll be my first time renting and i donā€™t want anything i wont be able to handle. iā€™m not sure about a price rangeā€¦ +&#x200B; + +https://preview.redd.it/do7n0icnj8371.jpg?width=700&format=pjpg&auto=webp&s=1f3b3c5de9dc2c0178ab93316e485b7ca4638cb5 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/3o6w2w13f8371.png?width=1300&format=png&auto=webp&s=d24ff9cdab40448e9d3c1896a38263446d44b218 + +Started in 1986, Tassal, short for Tasmanian Salmon, have grown over the years to become the largest salmon farmer in Australia. They operate three main hatcheries in Australia. Their six primary marine regions are located in the waters of Tasmania. Additionally, they own several processing facilities and a smokehouse. More recently, Tassal has branched out into the prawn farming business as well, with hatcheries and farms located in North Queensland. + +&#x200B; + +https://preview.redd.it/5pni6om3f8371.png?width=1332&format=png&auto=webp&s=f25372b6762bfc4421c1ea0e30b084b57c88ec3a + +Indeed, between the hatcheries, farming, and processing operations, Tassal has a footprint that covers the entire east coast of Australia (TAS, VIC, NSW, QLD). Not only that, but they support much of the local fishing industry through their primary feed vendors. Their group of brands are distributed across all of Australia in Coles and Woolworths grocery stores, in addition to other smaller chains. I would be surprised if most Australians did not know their name at this point. + +# The Checklist + +* Net Profit: positive last 10 years. Good āœ… +* Outstanding Shares: trending up (2 cap raises, 2017 & 2020). Bad āŒ +* Revenue, Profit, & Equity: growing steadily L10Y. Good āœ… +* Insider Ownership: 5% w/ lots of on-market buying LY. Good āœ… +* Debt / Equity: 63% w/ Current Ratio of 3.3x. Good āœ… +* ROE: 11% Avg L10Y w/ 10.3% FY20. Good āœ… +* Dividend: 3.4% Avg L10Y w/ 4.8% FY20. Good āœ… +* BPS $3.81 (1.0x P/B) w/ NTA $3.27 (1.1x P/NTA). Good āœ… +* L10Y Avg: SPS $1.81 (2.1x P/S), EPS 23.7cents (15.7x P/E). Good āœ… +* Growth: +11.2% Avg Revenue Growth L10Y w/ 0.2% FY20. Neutral āšŖ + +**Fair Value: $5.00** + +**Target Buy: $4.23** + +Overall, the company looks pretty solid. The two capital raises in 2017 and 2020 are a bit concerning, but they were relatively small and were targeted towards strategic acquisitions (fish farm and prawn farm, respectively). As such, they have not had a major dilutive effect on the earnings per share. + +# The Knife + +&#x200B; + +https://preview.redd.it/thy5bto4f8371.png?width=1846&format=png&auto=webp&s=f3de5b3c9e05cce3ae88c0a02015e6f6e24d7c2a + +TGR reached an all-time high in July of 2019. At that point they crested $5.25. Since then, they have experienced a sustained sell-off, helped in part by the sharp fall during the pandemic. TGR went as low as $2.77 at the worst point of the March 2020 crash. Owing to their struggles, they have been since cut from the S&P/ASX 200 this year. + +Those who had bought at the high, at the close of today @ $3.73 (Fri 4th June 2021), would be down nearly -30% on their investment. Though, dip buyers and those that averaged down would be seeing a resurgence now. Year to date, TGR has gained nearly 11%. Based on its performance, it might not be fair to say that TGR is a absolute dogshit. Off the 10-year chart, there is a lot more room for pain. + +&#x200B; + +[TGR Short Interest](https://preview.redd.it/jjvf1mihh8371.png?width=1400&format=png&auto=webp&s=d85ce92d2526b7879c4e58a1cc98222a1f6592e1) + +What makes Tassal interesting, with this respect to this Catching the Knife series, is that they have a massive short interest betting against them. For a time early this year, Tassal was the most shorted stock on the ASX, with 13.2% of its entire outstanding shares shorted. This has dropped to 9% with 17 days to cover, but that still makes it the 7th most shorted stock on the exchange. Something is very fishy here. **šŸ˜ŗ** + +TGR is a stock with a 2 year downtrend, and seemingly a fair bit of continued negative sentiment in the market. Epic dogshit in the making? + +# The Diagnosis + +The Short Answer: Price for TGR seems to following earnings expectations, and the pandemic saw salmon markets depressed around the world. + +The Long Answer: There seems to be a lot of factors involved; some of them founded in the fundamentals, but most seemingly based in sentiment only. + +Letā€™s start with the short interest. I browsed the Hotcopper forums, since I reckon they know a thing or two about shorters. **šŸ˜ø** Indeed, there is a 600+ post thread asking that very question! *Why would you short Tassals \*now\*?* Even the experts at HC were stumped. + +&#x200B; + +[Live Shot from HC's TGR forum](https://preview.redd.it/2qee4eweh8371.png?width=962&format=png&auto=webp&s=dc666564615f2c877f2682b4894d92b183583268) + +Jesting aside, I have to admit that some of the posters on the thread were quite good with their analysis (better than mine), and so I drew some inspiration from them in my write up today. Where they and I largely agree is that the fundamentals on Tassal are quite good. The business is very reasonably priced for itā€™s historical numbers, and is in pretty good shape with its leverage, and has a lot of potential for growth with recovering salmon prices and prawn business development. + +&#x200B; + +[TGR vs HUO since EOY19](https://preview.redd.it/hh3qgkn8f8371.png?width=1845&format=png&auto=webp&s=f602aca94a38ebd05b4fd92dee74d91ceb58251b) + +My own speculation is that it comes down to a comparison between Tassal and their long time Tasmanian competitor Huon. Neither business has recovered fully from the pandemic crash. Indeed, Huon has continued to slip, currently trading significantly lower than its worst lows in March 2020. Could the market be seeing Tassal's relatively flat recovery as indicating that itā€™s still overvalued? + +If we were to apply the sort of percentage falls since the start of 2020 that HUO has experienced, TGR would be closer to its pricing in 2011-2013. In that way, I could certainly see a case being made for TGRā€™s downtrend to continue as its share price reverts to the industry mean. + +The narrative for their continued fall is further brought home when you consider their exposure to the Chinese export market. Back in 2017, TGR partnered up with a Chinese distribution business HNA and have continued to airfreight stock there and to other markets like Japan in the last few years. + +# The Outlook + +The problem with all of this analysis is that Tassalā€™s outlook is actually pretty good. Salmon prices have been recovering since the start of 2021. Despite the dip in 2020, the average price for Salmon in FY21, as listed on the International Salmon Exchange (Fish Pool), is not even that low. If prices stay at these recent levels for the remaining weeks, the average will fit well within the levels since 2016. + +&#x200B; + +[International Salmon Market FY12-FY21, Fish Pool](https://preview.redd.it/ojri40r9f8371.png?width=1615&format=png&auto=webp&s=d942fc73e551066a0d80b536b19a8a6a50f9353c) + +And what about the export market? Many stock market experts that have talked about TGR recently and point to TGR's risk in the Chinese market. China themselves have indicated they are starting to cut off the Australian product from their imports. Those experts seem to indicate that TGR is likely to see a massive loss in revenue and earnings as a result. + +&#x200B; + +[Their loss, really.](https://preview.redd.it/wpavj6haf8371.png?width=1000&format=png&auto=webp&s=4e3fc3f206b444094653c97044fb52c548786f4a) + +It is true that TGR gets roughly 16% of itā€™s revenue from export sales. The portion from China is likely at least half of that. But at the end of the day, Tassal's exposure is likely only 10% at the most. Furthermore, when you consider earnings, the impact is much more muted. Export sales incur higher cost ratios due the cost of airfreight. Therefore the export contribution ultimately to the bottom line is much smaller in comparison to the revenues generated domestically. + +So TGRā€™s exposure on earnings for the Chinese market is likely the lesser portion of 5%. This is hardly significant enough of a downturn in earnings to think that TGR will fall down to 2012 levels at $1.5 per share (-60% from current), a time when they had half the revenue and earnings. Tassal themselves refer in their reports to the export market as more of a means to offload excess production, rather than a primary source of earnings. And there is nothing to say that they couldn't offload some of that production into countries besides China. + +&#x200B; + +[fao.org](https://preview.redd.it/7wmcex9bf8371.png?width=1800&format=png&auto=webp&s=028483cc856ae45f238665f01fa545f95edf97e7) + +More importantly, Tassalā€™s long term position in the industry can only be stated as very positive. Since the 1980s, fishing has levelled off. This is in part due to constraints on catch volumes, set up for the long-term sustainability of those ecosystems. The demand for fish on the other hand has continued to go up. The difference thus far has been filled almost completely with aquaculture production. + +&#x200B; + +[agriculture.gov.au\/abares\/](https://preview.redd.it/fmz1gcacf8371.png?width=1119&format=png&auto=webp&s=c95471e125dca1d4378ee36890e0bfd3b83031cc) + +The Australian Bureau of Agricultural & Resource Economics (ABARES) has estimated that the Salmon farming business in Australia will grow to be worth over 1billion in the next couple of years, or about +10% per year until FY22. Furthermore, while the prawn business might shrink in the long term, it is presently worth about 300-400million. This is an area that Tassal has only just started to expand into, and so represents almost pure upside for them currently. + +# The Verdict + +I think that the shorts have looked at this all wrong. If they were getting their evaluation from the comparative price between TGR and HUO, they failed to account for the fact that Huon has been priced well beyond what might be considered reasonable. Its valuation multiples have been double if not quadruple that of TGR. Despite only having half as much revenue and at a lower operating margin, Huon were somehow trading at almost the same market cap. On top of that, Huon were much more exposed to the export market. If anything, HUO has been reverting to the industry mean. + +I agree with one of the major posters on HC, Iā€™d have shorted HUO and went long TGR. + +[One of Tassal's Salmon Farms](https://preview.redd.it/u5eriejgf8371.jpg?width=1920&format=pjpg&auto=webp&s=c421ecd247cf39715d2424085dde2c20fd97e966) + +The main problem long term I see with TGR, is that they have pretty terrible sentiment amongst some of the more environmentally conscious. In 2016, ABC had a 4 Corners episode ripping into the dangers of salmon farming. Ironically enough, in the same special Huon's owner was interviewed and featured glowingly (makes you think, huh). + +&#x200B; + +[Alaskan Salmon Troller, photo KTOO.org](https://preview.redd.it/jyo9a4xah8371.jpg?width=1016&format=pjpg&auto=webp&s=b006516849fb438e68be157bf3e0b0a99d9fc63a) + +The thing is, I would think that those same environmentalists would appreciate that salmon farming provides some relief in an industry that would otherwise be troller fishing for wild salmon in the oceans. I understand there are some difficulties associated with farming, but surely in the grand scheme of things, overfishing the oceans is much worse than sustainably farming them? + +&#x200B; + +[- Mark Ryan \(CEO of Tassal\) probably...](https://preview.redd.it/mamcvxuif8371.png?width=1127&format=png&auto=webp&s=b1694021a89c96c8f9d3372e6991a19cc256e430) + +Maybe the industry in general just needs to work a bit more on the PR for farming vs wild catch. Though, this is probably a bit rich of me to say. TGR have had several certifications and awards for sustainability and responsible sourcing by environmental organizations. They even have a big portion of their website devoted to highlighting all of this (dashboard.tassalgroup.com.au). So, who knows? šŸ¤·ā€ā™‚ļø Though, it would be remiss for me not to mention this sentiment as a likely reason that TGR struggles a bit on valuation, and perhaps also why it has historically traded at a relatively low multiple vs Huon. + +# The Target + +Whatever your opinion, if we are going to catch this knife, itā€™s time to figure out a good entry point. As it is right now, I think Tassal is being sold at a bit of a deal. The historical numbers that I used at the start of this analysis were already adjusted for the current outstanding shares. So the price points are more or less on the mark for averages and I think that's probably a fair way to evaluate a cyclical stock. + +The trick with a cyclical stock is that they generally trade in waves over long periods of time. Itā€™s important to pick the entry point near the bottom of one of the waves. Indeed, looking at the last 5-6 years worth of trading, one might get a very definite since of a general uptrend in the stock trading to higher highs and higher lows. The waves in the stock likely following the general sentiment of salmon prices on a yearly cycle, as there would seem to be definite yearly cycle to the international salmon market (probably correlating with harvesting periods) + +&#x200B; + +[TGR SP trends since 2014](https://preview.redd.it/1a163b3cg8371.png?width=1845&format=png&auto=webp&s=23bb3233a3598be632322b5ad22f152eb6fb6940) + +With this in mind, I think an argument can be made that the downtrend forming off the 2019 high was not the start of a long-term fall, but rather accumulating to rebound to another high. However, March 2020 happened, and that totally threw a wrench into the cycle, and later depressed the overall market for salmon. + +What this chart might tell us in a very basic sense is that there is a fair bit of support in the low $3 range. This level makes sense in context of the book price. Currently the net tangible assets of TGR are around $3.27 per share. Coincidentally, there is a long term support at this price too, which may have helped on a psychological level for the market too. + +However, there is no need to use technical analysis for this stock. I think a consumer staple stock like this would trade largely based on it's fundamentals. We can pull some more fundamental figures to the fore to evaluate them, and using the 1H21 to estimate the upcoming yearly results as well. + +&#x200B; + +[\*FY21 estimated using 2x 1H21 figures](https://preview.redd.it/lbdcyxffg8371.png?width=714&format=png&auto=webp&s=c81fcf797961d8aceeeac9abe4bac43b11f03954) + +Given the overall movements in the market internationally, the estimate for FY21 is likely being very conservative. The first half was much lower pricing internationally, but that has recovered, so we'd likely see improved figures from similar volumes of sales. We could further hedge our estimates by discounting the revenue and earnings by removing the exports revenue entirely (in case things go even more pear shaped with China). Export revenue in 1H21 was $61m. Funnily enough, net earnings from exports was -1m (airfreight costs were 500% higher than last year). So really, cutting exports 100% would only affect the revenue levels and not the earnings when looking at 1H21. That would give an estimated rev of $462m for FY21. + +With these hedging discounts in mind (and using net tangible book to boot) we arrive at the following figures: + +* SPS - $2.18 +* EPS ā€“ 26cents +* NTA ā€“ $3.27 +* DPS ā€“ 11cents + +This provides for the following fair and target prices: + +**Fair Price (FY21) - $4.76** + +**Target Price (FY21) - $4.12** + +Really, anything with a $3 in front of it seems like a pretty good deal to me. Obviously, one would prefer to catch closer to the bottom at $3.20, but TGR has had a good run since those lows. Itā€™s perhaps beginning to show a bit more strength and it would be reasonable to think that TGR is eventually going to resume the long-term uptrend channel from 2014-2019. + +# The TL;DR + +Hailing from Tasmania, Tassal has grown to become the largest Australian salmon farmer with a presence throughout much of country. I think itā€™s perhaps a bit harsh to call them dogshit at this stage, but there are certainly some interesting things happening with the share. Theyā€™ve fallen 30% from their highs in 2019, got kicked off the ASX200 index, and were for a time this year the most heavily shorted stock on the exchange. + +Despite all this, I think a confluence of mostly market sentiment has contributed to their fall. This doesnā€™t appear to be backed up by their fundamental health as a business, nor does it seem to be indicative of a problematic outlook. Whatever the reason, I think TGR is a solid consumer staple stock that has a lot more potential for growth in the future. And as of yet, it is trading well under what I consider a fair value. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* šŸš€šŸš€šŸš€ + +*I'd love to hear other's opinion on TGR and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): NXL, IFL, RFG, TPG, RBL, CGF, URW, IPL, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazonā€™s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +I am 24. At my job, I get around $1300 bi-weekly. In addition to this, Iā€™ve been doing instacart on the side which is usually at least $200 a week. I have the following expenses per month: +1. Rent - 1173 +2. Bi-weekly car payment - 164.19 +3. Savings Deposit - 500 +4. Dog Fund - 125 +5. Optimum, utilities, etc - 110 +6. Food - 200 +7. Gas - 120 +8. Misc expenses - 200 + +My total savings is $5,000. I also have around $1,350 in stocks between the utility company I work for and a few in fidelity. I already have money being taken out of my payment for the 401k. + +I have no other loans beside the car. I have about $21,700 left on the car loan and the interest rate is 3.74% + +I have about $650 left over after all the listed expenses. + +Would it be better to put the extra money into the savings account or put it towards the car? Ultimately, my plan is to move out of my apartment into a condo once I generated enough savings to make the 20% down payment. + +Update: I just wanted to thank everyone for commenting. +Hear me out. Itā€™s not any one personā€™s fault. But housing has become relatively unaffordable for the working class. Real estate has become a store of value in a way it shouldnā€™t partially due to the incentives in place resulting from our monetary policy. In the 80s, you could make double digit returns in a savings account. Now, savings accounts are negative real yield and significantly so. Again, this is not the fault of real estate investors. Theyā€™re just playing the game with the rules presented. + +Iā€™m a small business owner with ~30 employees, and I see their struggles. My workers are not minimum wage, either. As Iā€™ve been investing my money Iā€™m frequently tempted to buy a rental as part of a diversified strategy, and Iā€™ve done it before. + +But if I become a landlord, I ā€œhaveā€ to directly participate in the inflationary market that makes housing less and less affordable for the working class. I donā€™t like that. + +Equities are less directly a problem because itā€™s less of a zero sum. Everyone can participate. But everyone ā€œneedsā€ housing. + +So, my chosen investments have been equities and Bitcoin. Iā€™m not here to ā€œorange pillā€ anyone. I just see these as open systems that donā€™t necessarily promote wealth inequality like real estate seems to. + +Can someone show me how Iā€™m wrong from a moral standpoint assuming I care about the wealth of the working class? Iā€™m still tempted to add rentals to my strategy. It just feels wrongish atm. + +Open to contrary perspectives. + + +EDIT: Ok. So, for the first time, I understand what "RIP my Inbox" means. One small clarification. I am using the context of investment. So, the idea of charging less than cost is more like charity to me. That's fine! But, that's not what I'm talking about. I'll show you the napkin math. Median per capita income in my area is about 38k. Small (sub 1000 sqft) SFHs or condo in the same area start at $350k. With a 20% down payment, Cost comes in right about 1600 per month. This is right about 50% of GROSS income for a person here without any profit built in. Just pretty ugly. Now, a person can get help, they can buy with a partner or a family member, etc. I understand. But, the starting place is pretty ugly. So, it feels wrong to participate in that. If you're a median family of two it works okish until you add a child. +More and more I [24m] am getting into personal finance/ wealth management/ economics. Fairly new to this whole world but becoming more interested as I go. +All that to say any book(or other resources like podcasts, videos, etc) recommendations on these topics? +Iā€™m not looking for ā€œget rich quicklyā€ nonsense but more about learning the basics and getting the right mindset for financial planning and money management. +Thanks in advance! +Everyone is in on it. What will stop the US government from imposing their will to prevent MOASS like they are about to do with the rail unions? The US president claims he is supposedly the most pro union president in 2,000 years or some bullshit like that and still he is about to force thousands of union workers into forced labor. He and other politicians in both side of the aisle claim that if they let this strike happen it will have devastating effects on the economy. Well, that strike would be childs' play compare to MOASS and the devastating dominoes effect it will have on the economy including, but not limited to, the mafia markets, the bitch banks, and the ponzi penssions. What will stop them from stepping in and putting an end to it. One of the excuses I hear is that if they do so everyone would lose faith in the US markets, but I'm pretty sure most governments around the world would thank them, including China, because the way this thing is set up even the intergalactic league will find it hard to financially recover from this. So, can an ape with a monoglass, and smoking a tobacco pipe (clear signs of maturity and sophistication) explain to me how we are safe from government intervention? Thanks. + +Edit: Welp, now I'm an official member of the Controversial Club šŸ¤¦šŸ»ā€ā™€ļø +>Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. + +>"If they don't shape up, I would withdraw from the WTO," Mr Trump said. + +>Trump says the US is treated unfairly by the body. + +>Meanwhile, Washington has recently been blocking the election of new judges to the WTO's dispute settlement system, which could potentially paralyse its ability to issue judgements. + +https://www.bbc.co.uk/news/world-us-canada-45364150 +I have been holding Bitcoin for over 5 years. I truly want to know, almost in as layman's terms as possible, how is it that the price of crypto in general fluctuates with the United States stock market? It would be ludicrous to suggest when the market goes down in the USA 5% that BTC and other cryptos going down near 5% also is just always a coincidence. . . + +Is it really as simple as when times get tough people tend to sell crypto before they sell their stocks? The reason I am asking is because I feel like BTC is going to dip lower if and only if the market keeps going down (which is will in my opinion). I feel like the S & P 500 will be at 3,000 at year end. Which ratio wise would put BTC around $13,500 per coin. + +So, as someone who has been holding BTC before it was even known by 10% of the first world population, explain what I am asking please. + Yes I posted this in a daily thread but I wanted it to have a place where people could more easily clown on me for being bearish on Australian Tesla: + +Firstly, half of the hyperlinks in the VUL reports do not work and are not properly referenced. I cannot fact check half of their information, and this is basic uni stuff. Absolutely disgraceful from a company full of PHDs and world class government representatives as they say.. + +Secondly I don't support this short company, nor do I have an interest in shorting vul. This is purely an exercise in analysis + +Anyway here are some thoughts: + +First issue: Failure to clear names: + +They failed to truly answer the questions about their managements past failures. They listed all the fancy industry bodies Dr Kreuter is part of without actually answering anything about his capabilities as a leader of a company and his past projects. Listing his Linkin profile does nothing to address concerns have his ability to run a successful project or address his past failures. + +They also say that Weimann has been part of many projects and served as a consultant for gec-co without again actually listing any project successes. + +They do not even attempt to clear co-founder Wedin name at all. This entire section does nothing for their reputations and in my opinion makes them weaker because they had nothing to say to make themself look better outside of their academic titles and positions in government/industry bodies. Many of my university teachers had similar titles and positions I would not trust them to run a 1.5billion dollar company. They state they do not have a "record of failure" without listing a single success other than their academic qualifications. + +The acquisition of the PFS firms: + +They blatantly state they acquired the firms after the PFS for "strategic reasons." This implies a pre-meditated decision to use these firms and then buy them out afterwards. This again does nothing to disprove J-capital were correct in saying there was an underlying conflict of interest the entire time. Also, they try to lead readers to independent experts who they have ties with such as leading the cap raise so more conflict of interest on biased reports. + +Flow rates: + +Vulcan was careful to state their "assumptions" are "believed" to be correct based on team experience and science. Now I am inclined to not go against Vulcan here as I am a clown who knows nothing of how far modern technology has come but they do make a big reference to the world bank report which is not actually directly from the world bank but from the International Finance Corporation, which is a member of the world bank, but I believe they stated world bank for the validity. + +From this report they cherry picked data and sentences without context saying things like it found that ā€œ78% of verified wells were successfulā€. WELL, the official full quote is + +"Of those wells analysed, 68 percent were deemed to be successful and 20 percent unsuccessful. The status of the remainder (12 percent) could not be verified. Of those wells for which status could be verified, 78 percent were successful." + +This means that Vulcan are taking the high road with these numbers assuming a 10% increase in success discounting the unverified results which could have lowered that result. + +That report VUL is quoting from also has great quotes like "The probability of a well being successful increases in accordance with the number of wells drilled in a field" and VUL have made a statements in their response to the effect of "we have not drilled any geothermal wells, into our greenfields developments areas, and until we do so, we have already stated on numerous occasions risks around flow rate will remain.ā€ + +However, this is followed with Vulcan saying it believes it has an ā€œAPPROPRIATE LEVEL OF CONFIDENCE around its assumptions" going on to say that "one would expect Vulcan, based on this world bank report to have high success rates" + +So VUL with no evidence, with the highest risk part of the process, in a greenfield exploration using the highest percentages in the report are saying they are EXECPTING the highest success rates further saying a 40% failure rate is "incorrectly arbitrary.ā€ This is poor, work from VUL here they are misleading investors on assumptions of high success and saying much leaving little room for error in and to quote the report ā€œThis analysis suggests that once a project moves beyond the early Exploration Phase, the risks of failure become lower and more predictable.ā€ VUL has no reason to assume highest success chance yet. + +Furthermore the research goes on to say, ā€œIn 63 percent of fields, more than 50 percent of wells proved successful in the Exploration Phase. **This low average success rate across exploration wells serves to confirm the high risks of initial drilling**" + +This paper confirms that a high degree of scepticism and risk in the initial exploration phase is warranted. In fact, the world bank report specifically calls out the risks at this stage of development! Vulcan are in my opinion not properly broadcasting the risks in this stage and I would be very worried if they are truly running of the lowest failure calculations. + +Furthermore, Vulcan in my opinion does little to address the concerns of seismic activity but again I'm not a geo so I won't comment on this. + +Finally and I say this many times. + +Vulcan is request 700mill euro for phase 1 and 1.1 billion euro for phase 2. The combined equivalent of 20 CXO operations. They done nothing to address the listed capital concerns from J-Capital or the concerns that this prohibits the project from getting off the ground. + +This is 1.8billion euro or 2.78 billion Australian dollars. Assuming no cost overruns assuming a capital raise at $10 a share they would need to issue 278million new shares which nearly triple the shares on issue. from 123,834,613 to a total 401million shares. That is a dilution so severe your $10 shares would be worth around $3.5. + +Otherwise, they have to convince a bank to offer them a loan for a mine thats not yet built, thats not producing revenue potentially for years. If they can convince a bank to do this math is simple. + +2.78 billion Australian at an estimated 5% (current interest rates are around 3% but I would assume the risk would mark that up and inflation is going up too) is $139million AUD in interest a year not including paying back principle meaning VUL would likely lost over 50%+ of its NPAT per year. + +A mix of both leaves holders diluted and with reduced earnings. Offtake partners IMO unlikely to splash that much cash without significant upside. I do not think J-Capital is wrong in raising the CAPEX as a substantial risk the success of the project that was again not raised at all in Vulcans response. + +Vulcans response was better this time but still complete devoid of any meaningful retort to most of J-Capitals answers and have not earned my confidence. However I am not a financial adviser this is not financial advise. Please do your own research when making investment decisions. + + +[CXO down one end VUL down the other. How Many CXO can you fit in a VUL?](https://preview.redd.it/1vrkk6gkt6w71.png?width=1059&format=png&auto=webp&s=f71eea67424b567f725b8572038175b8ab3e637d) + +References: + +Allen, M., Avato, P.A., Gehringer, M., GeothermEx, Harding-Newman, T., Levin, J.N., Loksha, V., Meng, Z., Moin, S., Morrow, J.W., Oduolowu, A., Pantelias, A., & Sanyal, S.K. (2013). '*Success of geothermal wells : a global study.'* NW, Washington. International Finance Corporation. Date accessed: 28/10/21. Accessed from. [IFC Report Hyperlink](https://www.ifc.org/wps/wcm/connect/22970ec7-d846-47c3-a9f5-e4a65873bd3b/ifc-drilling-success-report-final.pdf?MOD=AJPERES&CVID=jYlcyTW) +So, let's try it - as a fair few people indicated they'd be keen, I'll be picking a random ASX stock that I've (*personally*, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +As /u/Phishbaron put it, think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +Let's give this a try boyos: + +# Random ASX Stonk of the Week - Week 1: + +**Company name:** Empired Ltd + +**Ticker:** EPD + +**Industry:** Information Technology + +**Headquarters:** Perth + +**Market cap:** $120m + +**Current share price:** $0.75 + +**P/E ratio:** 10.2 + +**1-year Performance:** \+111.27% + +**What they do, smoothbrain version:** nerds who charge ridiculous prices to do computer shit for companies & governments + +**What they say they do, wanky version:** *"We help you reimagine, transform and evolve for your best possible future, connected and enabled by technology."* šŸ†šŸ‘‹ + +**What they do, actual version:** Empired are a Sydney-based B2B IT "integration services" company that help their clients "go digital" in a wholistic way, e.g: switching them over to cloud-based systems, improving digital security, putting in automation, and helping them convert to "agile" work approaches. + +Their revenue comes solely from Australia/NZ, and a big chunk of that is from contracts signed in Western Australia recently. + +**What looks good:** + +* Their last quarterly update was very impressive dollar-wise. While they only recorded a 7% increase in revenue, they managed to achieve a H1 Net profit after tax of $7.7m (up 284%) +* Operating cash flow of $17.5m, up 59.3% +* Good overall share price growth (100+%) for a company with a P/E ratio of just over 10 +* Have contracts with some big bois out there, including Rio Tinto, the government, etc. These are multi-year so provide over 50% of revenue as recurring +* Decided to pay a (small) dividend for the first time, and aiming for a bigger one moving forward +* Healthy debt to equity ratio (e.g, not much debt) +* Their report designs are slick & make something like Brainchip's look like they were made by a blind toddler whose Microsoft Office subscription is about to expire +* Their year on year financials are generally trending up YOY + +**What doesn't look good:** + +* Shitty name that I'm not sure how to pronounce. Is it "Empire-d" as in "Empired Strikes Back", or "Empi-red", as in the colour of my portfolio? +* JobKeeper played a role in pumping up their numbers +* Seems to be overly contract-dependent on several large clients for revenue... AVA flashbacks, anyone? +* Management only own about 10% of the shares on issue, not a particularly high percentage +* While their revenue is trending up YOY, it's not substantially so +* May be a beneficiary from the Covid-19 "everyone panic cause we need the tech to be able to go digital/work from home better" boom + +**Overall rating (strong buy/buy/hold/avoid):** think I would go with Buy + +**MarketIndex page:** [https://www.marketindex.com.au/asx/epd](https://www.marketindex.com.au/asx/epd) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +[View Poll](https://www.reddit.com/poll/ltbpmi) +Not a myth boys. I actually got perm banned today. + +Told someone to stop being an American regarding their opinions... Banned. + +Haha not mad... good riddance. But if you do value that sub (I don't, now at least it won't pollute my reddit feed), then I suggest lurking only, in there. + +Thst place was a wasteland of "should I rent or buy" and "Sydney is expensive" monkey posts. +#[Paper Trading Competition Winners Announced!](https://www.reddit.com/r/wallstreetbets/comments/mhyf1k/moderators_update_on_paper_trading_competition_3) + + +Today weā€™re going to talk about float, what it is and how you can build billion-dollar companies with it. Float is the money that a business receives today but doesnā€™t have to pay out until sometime in the future. Float is most commonly seen in insurance companies with customers paying premiums upfront to insure themselves against bad things happening sometime in the future. More examples include: Video game publishers, where they receive pre-orders. Commercial banking when they receive deposits and so on. + +Why is receiving money upfront so valuable even when it needs to be paid at later date? Well, you can invest it! And the longer you have to invest it, the more likely it will grow larger than the amount that you will have to eventually pay out! So, you can see how easily this can snowball. Say I owned a tiny insurance business that insured $1,000 worth of damages for a year in exchange for a $100 upfront payment. If I have $10,000 in the bank I can safely have say, five customers insured like this every year for $500. Every year I can invest the money I got from those new customers and every year the cash I have grows so I can safely insure more customers and the cash you have grows in an exponential manner. Ok cool got it. So, what does this have to do with Berkshire Hathaway? + +Sometime around the mid-1960s Mr. Buffett realized, with the help of his friend Charlie Munger, that he canā€™t keep investing in broken down businesses and had to instead look for ā€œfranchiseā€ business that will continue to compound his hard earned capital through thick and thin. The next thing he realized is that he couldnā€™t just rely on the free cash flow generated from those companyā€™s and had to instead find low cost financing for his acquisitions. That low cost financing came in the form of an insurance float which, as weā€™ve seen, are the premiums paid by insurance customers up front in order to be paid out by the insurance company later. Buffett bought a ton of these insurance companies starting with National Indemnity in 1967 + +Wait, why did we just say that float is low cost financing? Why is it financing and what is the cost of that financing? Well, float is financing because you are receiving money today, but you have to pay it out sometime in the future, exactly like a loan. The beauty of float though is that you donā€™t have to pay interest on that money! The only ā€œinterestā€ that you have to pay on that money is the normal cost of operating your business. + +Weā€™ve already seen why float would matter so much to Buffett, but it bears repeating. A dollar you receive today is worth more than a dollar you get a week from now because you can invest it at some rate to receive more money in the future. Buffet realized that the more float he had, the more float he could invest to buy other businesses. Float would compound in lockstep with the free-cashflow generated by his other businesses and in time create a juggernaut. + +The final step in the Berkshire secret formula was increasing the duration of time between when the premiums are received and when theyā€™re paid out. So, for Buffett, this meant buying up longer tailed insurance companies like insurance for catastrophes, and recently, Reinsurance companies. And there you have it! This is the basic DNA of one the most successful stocks in over the past 50 years and theyā€™re still going at it. + +What most voters don't realize about high tax rates is that the rich (and wealthy) don't pay them. I don't. When a rate gets high enough, they simply arrange their financial affairs as circumstances demand, or they simply leave. Therefore, high tax rates are SYMBOLIC, not real, for both individuals and businesses. They're designed to win votes and affect progressive imagery. The Infrastructure Bill's crypto legislation, whereby they dismiss the risks you've taken, co-opt your gains, and steal from your children's future to fund programs that have nothing to do with rebuilding America let alone infrastructure, will have the opposite intended effect. It will energize crypto and greatly impair their ability to levy taxes. It will create an unstoppable nightmare, that you should be happy to lever against them in a vicious cycle. + +For a quick signpost to visualizing this, I'd like to proffer an example via the Second Amendment. I'm not a Democrat or Republican by the way, and despise both parties. I believe if you vote for the best of two evils, things only get more evil. Anyway, consider the decades of gun control and assault weapons bans in Illinois, a state which until *Moore v Madigan* (a Supreme Court case) was last in the United States to legalize concealed carry. The gun control was all imagery. Symbolism. The state's cities now have a new problem: cheap untraceable ghost guns. These fall into two categories: 3D printed guns, and 3/4th lower receivers. If you don't know how amazing 3D printed guns have gotten over the years, and where they're heading, watch this tip of the iceberg: + +https://youtu.be/C4dBuPJ9p7A + +3/4th lower receivers come with all the tooling needed to complete them. + +Since 3D guns are open source CAD files that are distributed for free on the internet, and because many intricate 3D gun designers consider themselves artists, it's now become a 1st Amendment issue. My point is when you restrict freedom, it goes underground and strengthens from the threats above, sheds its unprotected vectors, emerging often as something far more impairment resistant. Those ghost guns are never leaving Chicago, and will proliferate everywhere eventually. It's a fantastic little business. Meanwhile, gun control advocates have another front (another Amendment) to fight, and have been backed into a corner where they have to actually propose ideas of value, and solutions, no symbolism. In the United States at large, if you'd like to know how disruptive 3D guns are, consider the strange bedfellows they've made of gun manufacturers (who view it as a financial threat) and Democrats.... + +It'll be far worse legislating crypto with tactics borrowed from the failed drug war. The Infrastructure Bill law, assuming there's no amendment to it in the next year, goes into effect January 2023. Here's what you can expect shortly before its implementation: + + - Hardware wallets will be on multi-month backorder + + - A certain privacy coin with atomic swap capability will rally as its service is levered + + - Crypto friendly countries will advertise their pitches and roll out red carpets; airlines routes will expand + + - A match will get taken to DeFi setting off a liquidity explosion as crypto seeks safety. It will reach critical mass and become a major threat to bank margins. More than 10% of the entire supply of BTC could get wrapped (this is temporary), it's already at 2% and atomic swap solutions are being tooled to avoid wrapping making things easier. But most importantly there will come an outbreak of synthetic assets (synths), which will be more disruptive than even I can contemplate, causing US stock markets, and all kinds of markets all kinds of problems + + - Then emerges decentralized insurance on a commercial scale (I'm already insured through NexusMutual) which will erode the advantages of CEX's further + + - And finally the overlooked problem for governments which benefits the little guy and individuals most: LocalBitcoins.com, as it has another moment. For anyone that doesn't know, this is how you sell crypto for cash (and vice-versa) with locals around you. Tax-free, record-free, like we did in the old days. I've been using it for many years. There are plenty of solutions like this that will rise to meet demand while the USD still maintains its peg. + +I won't get into how the Lightning Network can aid and abet, but know the aim of this post: you're a fool if you pay crypto taxes, and for newbs, after your brief honeymoon with CEX's like Coinbase, Binance, or RobinHood to learn the basics, you should have a hard wallet and feel your way around DeFi. + +Privacy solutions continue getting better, the friction of crypto wallets and DeFi continues falling, crypto education is proliferating, and decentralized insurance (a billionaire making opportunity) will emerge. The ability for governments to levy taxes will become impaired. This means more global money printing, and the militarization of tax collection agencies. It's a vicious loop though, and how soon governments will lose their ability to afford any enforcement. Eventually only real solutions, ideas of value, and transparent accounting will incentivize taxpayers enough to open a payment channel. The prestige of politicians fades. + +ā™¾/21M + +ā€” *Mallardshead* šŸ¦† +Private equity guy here just crossed the 7-figure income level. We welcomed our first kid late last year. Wife left her job to stay at home with the little man. + +Our boy had a rough start (NICU admission, bad colic) for the first few months but things are starting to get better. My job keeps me busy 60-90 hours a week. Wife and I both feel like we are drowning and I'm trying to figure out how to make things better. + +Mornings start at around 5AM due to our early waker. Wife takes care of him during the day, has 4 hours a week of help from sitter. Cleaning lady comes twice a month. Wife handles everything related to our son, the day-to-day laundry, home maintenance projects, grocery shopping/food prep. I wash bottles and finish dishes when I finish work, typically around midnight. + +We switch off nights putting our son to bed and taking the "early" shift. This lets the other sleep until 7AM instead of getting up at 5AM. + +&#x200B; + +I guess my question is this.... is it reasonable to expect my wife to pull more weight? When I was growing up, my father traveled for work constantly and my mom raised four kids with zero help. At the same time, we do have some extra income to throw at this problem. I do want to be judicious about it though... would really like to retire in 10 years or so. + +&#x200B; + +Any thoughts on the best way to approach this?! What do you all do with 1 kid? I imagine things will definitely change/get harder with two! + +EDIT: Iā€™m getting a ton of flack here and I want to clarify a few things. +1) Wife seems to oppose the nanny idea more than I do. Doesnā€™t want to miss out on time with our son if heā€™s with someone else so much of the week. She has also expressed the same sentiment I sharedā€¦ that being a SAHM shouldnā€™t be so hard. I get the sense sheā€™s often frustrated she canā€™t make it all work. Figured you all could help me understand what you do in this arena. +2) She is budget conscious tooā€¦ she manages finances, shops sales, uses coupons, doesnā€™t want jewelry or drive a high end car. We donā€™t want me working forever and thatā€™s a common goal. +I know that collectively, we are anti-conspiracy right now, but as a simple ape, I just liked the way it rhymed. + +What I'm presenting is 100% based on the publicly available published FINRA OTC data. The way FINRA presents their data makes it really difficult to spot anomalies and trends, so I decided to compile it into an Excel spreadsheet. The trends are clear. The data is revealing. And the Hedgies have some serious wedgies. + +&#x200B; + +The data is pretty dense. I will try to give an overview of the "what" and the "when" and then cover the "who". My brain is too smooth to understand the "how" and the "why", so I'm hoping that this DD and the supporting data can help other apes unravel the full story. + +&#x200B; + +If you haven't read my previous posts, I'll link them here so you can catch up. + +[FINRA ADF is not in operation (4/20)](https://www.reddit.com/r/Superstonk/comments/muzj4o/finra_webmaster_no_brokerdealers_currently_using/) + +[Missing GME Bananas (4/21)](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) + +[An Update on the Missing Bananas (4/23)](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/) + +It's pretty easy to track my train of thought. And the fact that I was able to put this together in less than a week really makes me question what's going on with regulators behind the scenes... + +**To summarize** \- like many of my fellow apes, I was trying to understand this **FINRA ADF** nonsense and why a majority of daily volume was being routed there. All that buying pressure had almost no effect on increasing the price. + +Then, I noticed that the calculated volume didn't add up to the daily trading volume on Bloomberg Terminals. There were missing bananas, and I wanted to find them. + +After a few adjustments to the search criteria, I was able to see that the bananas weren't necessarily missing, but were not going through any of the exchanges. **Over 90%** of trades from 4/13 - 4/20 were being routed through **FINRA ADF** or some unknown dark pools (**OTC**). That really pissed me off... + +So this weekend, I did some digging on the [OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData). + +[u/broccaaa](https://www.reddit.com/u/broccaaa/)'s DD on [FTDs and Dark Pools](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) really helped me to understand that something weird was going on and has been going on for several months. I still don't understand the majority of what he covers, but the Dark Pool part seemed to click. + +u/plants69 also had a DD [The Most Manipulated Stock - GME](https://www.reddit.com/r/Superstonk/comments/mx25li/the_most_manipulated_stock_a_gme_comprehensive_dd/) which I saw just before starting to write this one. She does a great job digging into the "How" (with married puts and FTDs). She also does a deep dive into the **ATS data**, which I will only present in passing. Check out her DD! + +&#x200B; + +Here goes nothing... + +We'll start really general and then go into more detail. + +**Table 1:** **Monthly GME OTC activity** + +[Monthly GME OTC Activity from September 2020 - February 2021](https://preview.redd.it/i0g0lwzqn7v61.png?width=646&format=png&auto=webp&s=082937abecd048f0d5f3fa6f2a74b1e3c8de7d0f) + +Not too difficult to spot the trend in this one. The number of shares that were traded OTC increased **4.75x** from December 2020 to January 2021. + +The number of OTC trades increased **13.75x** from December 2020 to January 2021. + +The number of OTC trades increased **18.42x** from December 2020 to February 2021. + +The average size of the trade also has progressively decreased every month, from **over 400 shares/trade** in September to **39 shares/trade** in February. + +And just look at the **number** of shares that were traded OTC. Over **525 million** shares traded in January, and over **300 million in February**. To put that in perspective, let's remind ourselves that the GME float is somewhere around **26.7 million** (and quite possibly less). + +&#x200B; + +Here's the **Weekly GME OTC data** from September 28, 2020 through March 26, 2021. + +**Table 2**: **Weekly GME OTC activity** + +[Sure seems like the GME OTC data has rapidly evolved since January](https://preview.redd.it/wykvn3s3hpv61.png?width=654&format=png&auto=webp&s=575eb274fa0f91e71dedfe68fec5a9e16499994f) + +**Figure 1**: Total Weekly GME Shares Traded OTC + +[Things really seemed to change in January](https://preview.redd.it/z5pnxsw62lv61.png?width=699&format=png&auto=webp&s=23269c630501e3d918142e335a734ef5cfd773bf) + +**Figure 2**: Total Weekly Trades Made OTC + +[Look how those weekly OTC trades increased](https://preview.redd.it/7hse2v9m2lv61.png?width=901&format=png&auto=webp&s=58774fa1d32d2f17860552cd70896e7e131f005b) + +**Figure 3**: Average Shares/Trade OTC + +[The number of shares\/trade markedly decreased during the week of 1\/25 and has remained less than 50 shares\/trade since 2\/22](https://preview.redd.it/3j8upgj03lv61.png?width=824&format=png&auto=webp&s=97ba3ab0cba9e4669aad8dc78ea506a2a4b65c06) + +So back in late September, October, November, December, and even mid-January, the average shares/trade in the OTC market was between **218** and **393** shares/trade. + +The number of **OTC trades** for the 15 weeks leading up to January 11th was between **31,712** and **132,438**, with one outlier being the week of 10/5/20. The week of 10/5 had **81.49 million** in OTC volume and **209,031** trades, but still an average of **389.86** shares/trade. + +During the week of January 11th, almost **157 million** shares were traded OTC and the number of OTC trades increased almost **3x** that previous outlier, to **588,136** trades. + +During the week of January 19th, over **170 million** shares were traded OTC. A new record **849,733** trades were made OTC (**4x** the 10/5 outlier) and the average number of shares/trade dropped to a new low of **200.1** shares/trade. + +During the week of January 25th, over **184 million** shares were traded OTC in **4.276 million** trades (**20.45x** the 10/5 outlier) for an average of **43.11** shares/trade. + +So things got weird in January. Let's take a closer look at that data as a whole. + +**Table 3**: **January GME OTC data by sorted by Trades** + +[January 2021 GME OTC data sorted by number of Trades](https://preview.redd.it/tkz5p60sacv61.png?width=704&format=png&auto=webp&s=165783cafa51fc36056b331f8ba747874550e2dd) + +So this shows us the major players in January. Citadel, Virtu, G1 Execution, Jane Street, and Two Sigma traded the most number of **shares** OTC. You can sort by Shares or Trades, and I'm going to be consistent and sort by trades, because I think it's telling to see who was most active. + +**National Financial Services** (Fidelity???) and **Stockpile Investments** were outliers in terms of shares/trade. Looks like some high frequency trading (HFT) if you ask me. **NFS** first began trading GME OTC during the week of **1/11**/2021 (never previously active from September - December). Stockpile first begin trading OTC during the week of 1/25. I'll leave it there for now. + +So **Citadel** traded over **252 million** GME shares in the OTC market in January. They were busy. Based off their 13F filing, how many GME shares did they actually own again? **217,132** shares. In January, they traded **over 1161** GME shares for every **1** share that they own. + +What about **Virtu Americas**? They were really active on the OTC market in January too, trading over **136 million** GME shares. As of 12/11/20, they owned exactly 0 GME shares. Luckily for them, they purchased **36,450** as of the 12/31 13F filing. In January, they traded **over 3751** GME shares for every **1** share that they own. + +From what I understand, **G1 Execution Services** is basically **Susquehanna**. They decreased their number of GME shares from 4.444 million to **2.487 million** per their 12/31 13F. In January, they traded **30.7** GME shares for every **1** GME share that they own. According to the recent GME proxy, they now own **4.409 million** GME shares, but likely acquired these sometime after January. + +**Two Sigma** went from **0** GME shares on 11/16/20 to **81,448** GME shares on 12/31. They've been making smaller and smaller shares/trade for a little while now, with an average of **27.54** shares/trade in January. + +Let's zoom out one more time before looking at each of these players individually. + +**Table 4**: GME Weekly Volume and % Weekly Volume traded Off-Exchange + +[Take a look at &#37; of GME Float Traded and &#37; of Float Traded Off Exchange](https://preview.redd.it/5zjj5zvnflv61.png?width=1104&format=png&auto=webp&s=8c358403526c85c962d5d26e8b8f8ebad058072a) + +**Figure 4**: Weekly % of Float Traded and % of Float Traded Off Exchange + +[These are percentages...](https://preview.redd.it/6xdi8ztiglv61.png?width=1018&format=png&auto=webp&s=aa7d875a2bb5a5bbca6d2bad7fc987655ec5ecd7) + +Let me preface this by saying that I was extremely conservative and used the **26.7 million** number as the GME float for all calculations. If the GME float is less 26.7 million, these percentages will actually increase accordingly. I took the weekly volume and compared it to the OTC volume and ATS volume. I added the OTC and ATS to determine how much of the weekly volume was traded off exchange. These numbers were fairly consistent, with between **39.88 and 58.39%** of weekly volume trading off exchange in the **OTC** or **ATS** pools. However, the most recent data available shows a huge jump during the week of 3/15, with **68.58%** of volume trading off exchange. These seem to be in line with my calculations from my previous post ([An Update on the Missing GME Bananas](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/)), which showed **over 70%** of daily GME volume was being traded via **FINRA ADF** (dark pool), or possibly **OTC** from 4/13 - 4/20. FINRA won't publish that data for another **4 weeks**, but I don't think we even need it anymore. What's missing from the daily totals is traded OTC or ATS. And that percentage is only increasing with less and less weekly volume. + +For the next column, I took the weekly volume and divided by **26.7 million** to get the percent of GME float that was traded each week. Over **1000%** of the GME float was traded during the weeks of 1/11, 1/19, 1/25, 2/1, and 2/22. During the week of 1/25, the percent of GME float traded was over **2000%**! + +But how much of the GME float was traded off exchange? Well, you see some pretty high numbers during October with over 340% of the float traded off exchange during the week of 10/5 and over 200% of the GME float traded off exchange during the week of 10/12. There are a few weeks when the percentage of float traded off exchange was over 100% (11/30, 12/7, and 12/21). Then comes January... + +During the week of 1/11, over **671%** of the GME float was traded off exchange. + +During the week of 1/19, over **746%** of the GME float was traded off exchange. + +During the week of 1/25, over **855%** of the GME float was traded off exchange. + +During the week of 2/1, over **478%** of the GME float was traded off exchange. + +And during the week of 2/22, over **526%** of the GME float was traded off exchange. + +That's one way to suppress buying pressure... + +&#x200B; + +**Let's move on to February** + +**Table 5: February OTC by Number of Trades** + +[Look who decided to join the fray...](https://preview.redd.it/ephwq6norcv61.png?width=698&format=png&auto=webp&s=27f7e48ae45b30d4afd2b228ca98a5ac7948e832) + +As we saw in **Table 1**, the average number of shares/trade decreased from 90.1 to 39.0. And look who decided to join in on the OTC frenzy - Vlad the Impaler and **Robinhood**. + +Fortunately for us, this is the first time they took part in the OTC. + +They made **772,023 trades** with only **774,632 shares** for an average of **1.00 shares/trade**. That's some high frequency trading if I've ever seen it. Was it coordinated in a way to crush the price after the January peak? + +I still don't know what to think about National Financial Services (Fidelity?), but the data doesn't lie. + +Rather than commenting on each player here, I'm going to group them together to see what really happened on a weekly basis. + +&#x200B; + +# The Kingpins - Citadel and Virtu + +**Table 6: Citadel and Virtu Weekly OTC trades** + +[Look at the number of OTC trades and the change in shares\/trade since January](https://preview.redd.it/v9w1h5abjlv61.png?width=1108&format=png&auto=webp&s=9b3cc7715bc0b02c76d8bb2d69aa7bbad063108c) + +**Figure 5**: Virtu and Citadel Weekly OTC Trades + +[Things really picked up in the OTC in January for these two](https://preview.redd.it/o2p3881ujlv61.png?width=1003&format=png&auto=webp&s=cdb91565a8f25540fcb7c0c3b53d48390bbc6877) + +**Figure 6**: Virtu and Citadel Average GME Shares/Trade OTC + +[The number of shares\/trade really dropped off since January 25th...](https://preview.redd.it/vi0hrrj8klv61.png?width=990&format=png&auto=webp&s=c087c72ae357d833e0bf9337b0fd2e0dbef09949) + +So these are the two biggest players when it comes to the GME OTC marketplace. Both have been trading a massive number of GME shares and making a massive number of trades since late September. + +However, beginning 1/25, both began making much smaller trades. The number of shares per trade decreased from around 300-400 shares/trade to less than 90 shares/trade. The number of trades increased from tens of thousands to hundreds of thousands (and even millions). + +For **Shitadel**, 7 out of the previous 9 weeks (77.7%) resulted in shares/trade under 60. + +They made over **1.98 million** **OTC trades** during the week of **1/25** and over **1.496 million** **OTC trades** during the week of **2/1**. + +Prior to January, their previous high for number of trades was **75,652** (10/5). + +And a quick reminder, Shitadel, as of 12/31, owned only **217,132** GME shares. + +For **Virtu**, 7 out of the previous 9 weeks (77.7%) resulted in shares/trade under 75. + +They made over **1.2 million OTC trades** during the week of **1/25**. + +Prior to January, their previous high was **67,595 trades** (10/5) and a majority of the weeks totaled between 10,000 and 40,000 OTC trades. + +Again, a quick reminder that Virtu owned **0** GME shares on 12/11/20, and **36,450** as of the 12/31. + +There are certainly a lot of similarities between these 2 kingpins and that's why I grouped them together. As for coordination??? + +&#x200B; + +# The Middle Men? - G1 Execution and Two Sigma + +**Table 7: Two Sigma and G1 Execution Weekly OTC trades** + +[Again, look at the change in trades and shares\/trade since January](https://preview.redd.it/j0u153wullv61.png?width=1107&format=png&auto=webp&s=b54ba602c3dbd9140f323b9e9cb0c1b54c62121e) + +&#x200B; + +**Figure 7**: G1 Execution and Two Sigma Weekly OTC Trades + +[Things really picked up in January for them too...](https://preview.redd.it/l3ehl6tamlv61.png?width=1103&format=png&auto=webp&s=2af8b90147828f7aed345c75a0ebe02801797064) + +I won't belabor the point, but look at the change in shares/trade (**Table 7**) beginning **1/25**. Look at the increase in number of shares and number of trades. + +For **Two Sigma**, the number of shares/trade after 1/25 was never higher than 30. + +**As a reminder, Two Sigma** went from **0** GME shares on 11/16/20 to **81,448** GME shares on 12/31. + +For **G1**, the number of shares/trade after 1/25 was never higher than 60. If **G1 Execution Services** = **Susquehanna**, then they have over **4.409 million** shares. + +&#x200B; + +# High Frequency Parasites? Robinhood and National Financial Services (NFS) + +**Table 8: Robinhood and NFS Weekly OTC Trading** + +[I don't know how else to interpret this other than massive High Frequency Trading by Robinhood](https://preview.redd.it/abbebcv9plv61.png?width=1220&format=png&auto=webp&s=5d73659527eae93ea670716da31994e078a90c0b) + +**Robinhood** (unfortunately) entered the fray during the week of **2/8**. They have progressively increased their trading activity. + +During the week of **2/22**, they made **755,424 trades** with **757,954** of our **GME shares**. They might have been desperately trying to fend off our rapid ascent on **2/24**. The activity slowed during the week of 3/1, before ramping up during the week of **3/8**. Is that significant? Well if we look back to 3/10, we had that massive drop from 348 to 172 in a matter of minutes. So you tell me... + +This one sort of confuses me as a Fidelity customer. **National Financial Services** first entered the OTC marketplace during the week of 1/11. There was a jump in the number of trades during the weeks of 1/25 and 2/1, but the average number of shares/trade remained between 1.02 and 1.00. There was also an increase in OTC trades during the week of 2/22 and 3/8. + +**Table 9**: Week of 3/8/2021 by Number of OTC Trades + +[Look at the top trader of the week...](https://preview.redd.it/f40ou0486dv61.png?width=701&format=png&auto=webp&s=3c400821487c5bed79ee91554d3e464077965763) + +During the week when the GME price suddenly dropped from 348 to 172 in a matter of minutes, **Robinhood** was the top OTC trader and had exactly **1.00 shares/trade**... + +&#x200B; + +**Table 10:** Week of 3/15/2021 by Number of OTC Trades + +[Robinhood was busy again during the week of 3\/15](https://preview.redd.it/27lgobdpbev61.png?width=638&format=png&auto=webp&s=8ad7d3cf8f164bbdf0ecbe24d375e391e528cc49) + +**Robinhood** stepped up again with some serious high frequency OTC trading. Did anything happen that week? Oh yeah, the GME price experienced a huge drop from **280 to 210** on **3/15** and then to around **172** on **3/16.** They didn't switch things up at all from their previous attacks. **297,276 shares** traded **297,194 times** for an average of **1.00 shares/trade.** + +**Table 11**: Week of 3/22/2021 by Number of OTC Trades + +[Back at it like a bad habit...](https://preview.redd.it/p285ecibolv61.png?width=703&format=png&auto=webp&s=0e42e4ccc8c955e2cbbbdcb4f46360bd2efc8b19) + +And just in case you had any lingering doubts, the data from 3/22 shows us more of the same high frequency OTC trading from Robinhood. **267,095** shares traded **266,981 times** for an average of **1.00 shares/trade**. + +&#x200B; + +Since **Robinhood** entered the OTC marketplace on the week of 2/8/2021, they have made **2.357 million trades** with **2.362 million shares**, for an average of exactly **1.00 shares/trade**. Thanks Robinhood! They are really staying true to their mission of "**democratizing finance for all**". + +&#x200B; + +# And just so we don't completely neglect the ATS dark pools + +**Table 11: Weekly ATS Data** + +[GME Weekly ATS Data showing decreased shares\/trade since week of January 25th](https://preview.redd.it/wtgo6y5f4lv61.png?width=600&format=png&auto=webp&s=ec6028d96f13be82c6b93c7e48d6d0f38c2aa9ef) + +**Figure 9**: Weekly Number of Trades on ATS + +[Similar trends in ATS dark pools, starting in January](https://preview.redd.it/h11m5jk24lv61.png?width=928&format=png&auto=webp&s=75edbcf20d9621e12254fa00ed87530610b7960c) + +&#x200B; + +**List of Unanswered Questions:** + +Was there any significance to the high level of OTC trading during the week of 10/5? + +How do all the pieces fit together? + +Why did **National Financial Services** (Fidelity?) join the OTC fray in January? + +Was the increase in high frequency OTC trading from **Robinhood** during the week of **3/8** in any way related to the massive drop in GME price on **3/10**? What about **3/15** and **3/16**? + +What in the actual hell is going on behind the scenes to allow this kind of OTC trading to continue, undisturbed, for almost 3 months? + +Who might be willing to do something with this data? + +I'll continue to update this list. + +&#x200B; + +As for me - my shares aren't for sale. Seeing the desperate behind-the-scenes OTC shenanigans over the last 3 months only raises the floor. And I really like the stock. + +&#x200B; + +**TLDR**: Here is a different way to look at the OTC GME data. It should be abundantly clear that what is going on in the OTC dark pools is extremely abnormal. **Citadel** and **Virtu** market makers seem to be doing a whole lot of OTC trading. How did they get hundreds of millions of shares? What about **Two Sigma**? Why are the same entities trading so much volume so frequently in the OTC marketplace? Why did the number of shares / trade decrease so drastically beginning 1/25? Winter is coming. Are any of them wearing any clothes??? + +&#x200B; + +**Edit 1**: removed sentence about 13Fs being due on 5/17 + +**Edit 2**: added the Weekly **3/15 Data** to show that **Robinhood** was highly active again at a time when GME experienced a huge price drop (see Table 10). Thanks u/RecoveryChadX7R ! + +**Edit 3**: Also, take a look at the DD posted by u/Doom_Douche \- [A Deep Dive into Dark Pool Trading](https://www.reddit.com/r/Superstonk/comments/mv5kbm/deep_dive_into_dark_pool_trading_how_they_might/) \- which shows the difference between OTC trading for GME vs other stocks. And just note that his data used a GME float of 54.1 million rather than the 26.7 million (or less) that we can now deduce from the updated GME proxy, so the difference is even more pronounced. + +**Edit 4:** Added some Charts (Figures 1-9) . + +**Edit 5**: Updated Tables and Figures with 3/22 weekly data +Attached is a clip form trending on twitter. Over a year ago many here speculated about an NFT market place, and GameStop basically leaving wall st and creating their own financial ecosystem. Well look what we have now, a GameStop crypto wallet that blows metamask inside out, native level 1 swaps powered by 0x, native level 2 WITH swaps powered by loopring, immediate access to loopring's browser crypto dex with level 2 nft minting, should see IMX bridge up on the agenda. + + +We've got a share dividend on the horizon. + + +The actual GameStop NFT marketplace launch before the end of the current quarter. + + +The broad market is in flames like many speculated. + + +All of our wildest wet GME dreams are coming true. We were right, we've been right the whole time. + + + + +https://preview.redd.it/9us2z6o0hb191.png?width=382&format=png&auto=webp&s=24def5fc484074faed1383cee2df106da8043dbc +Hey, + +I keep seeing in here to leave robinhood. Can some explain why? + +That's all I've ever used and I'm considering leaving but can anyone explain why ? +When robbinghood halts trading when the MOASS begins, please don't spam this sub with your stupid ass shit posts saying HOW CAN THEY DO THIS AGAIN AND START CRYING HERE. + +You had 4 months to move out. You dint. +You totally deserve every penny that you will lose. + +They will not only halt trading but also close your positions without you having to do anything. + +I salute all the users who has switched to fidelity and the other respectable brokers not only going away from robbinghood but also moving away from margin accounts which so far has been a big time player in suppressing the real price though it might not be obvious in our eyes. + +Once again I repeat, do not for fucks sake post your tears in this sub and takeaway the good DDs and quality content that will be followed by MOASS soon. + +INFACT I CALL FOR A PETITION ON THE ABOVE FOR ROBINHOOD HOLDER TEARS POSTS TO BE REMOVED BY MODS ONCE MOASS HITS. +Iā€™m just filling this space to meet character limits but as the title says is there a reason that the biggest DDs not being pinned at the top for everyone new to see? + +I think this would be something very beneficial to educate, furthermore if this sub does get locked during moass then they would still be visible right away for all to see. + + +EDIT: Many of you are missing the point of this saying itā€™s easy to find with flairs etc. NEW APES with brain crayons have no fucking clue about anything going on here. We need a visible list at the top + +EDIT2: Due to the 2 pins limit, I think one is the daily discussions and the other one should be a NEW APES WELCOME MUST READ and compile all the useful important stuff there by most importance. You could have the voting on top and worthy DDs below for example +I only started selling options 4 months ago and I've learned a lot. I see a lot of thetagang users say "AMD blew through my strike and now my shares are getting called away. Oh well, can't complain about max profit." + +My question is, **why allow your shares to get called away at all (unless it was early exercise, of course) if it's a stock you really like?** Example: If you sold a $100 CC on AMD and the underlying is at $105 on expiration, why not always roll out that $100 call another month for more premium, if it's a stock you really want to own anyway. I understand allowing shit stocks to get called away for max profit, but why allow a stock like AMD, AAPL, etc to exercise when there's more free $ on the table? You could even roll out to much longer date and higher strike if it's a stock you really believe in. Teach me. +**1600$ BROKEN! when I made this post it was below 1500$.** + +We did it! Finally Ethereum picking up some steam after getting rejected multiple times trying to breach ATH. By the time this post is out we will likely entering the 1500$ zone. After Hodling and buying more in the 100$ region I canā€™t express how happy I am with this outcome, Hodling is the way to go in crypto if you want to make longterm gains. I'm personally not thinking about selling yet, it feels like we're just at the start of something greater, something larger than we saw during the 2017/2018 bullrun. + +Prepare yourselves for a crazy altcoin season, may the gains be with you! + +**Edit 1:** 1490$ hit on Binance + +**Edit 2:** it hit 1498$, this is going insane + +**Edit 3:** Moon initiated! Holding above $1500 + +&#x200B; + +[I like round numbers](https://preview.redd.it/c0ac8xsxf4f61.jpg?width=403&format=pjpg&auto=webp&s=fa4180f696f96eaff5185d81ccc1bbed8e42d4eb) +Keep in mind this is for a real estate INVESTMENT, not for a home. + + +Option 1: Buy a house cash, worth $250k. + +Option 2: Buy 5 houses worth $250k, with 5 mortgages + +Option 3: Buy a house worth $1,250,000 with a mortgage. + + +Please explain your reasoning. +Keep in mind this is for a real estate INVESTMENT, not for a home. + + +Option 1: Buy a house cash, worth $250k. + +Option 2: Buy 5 houses worth $250k, with 5 mortgages + +Option 3: Buy a house worth $1,250,000 with a mortgage. + + +Please explain your reasoning. + + [Overstock CEO Patrick Byrne Names Steve Cohen And Mike Milken As "Sith Lords"](https://www.businessinsider.com/overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords-2010-1) + +Wanna know who is associated with them? Aka [dumb stormtroopers](https://twitter.com/ryancohen/status/1503565469068009473) that targeted GameStop in 2019 + + +Leon Black teamed up with Sycamore Partners and TriArtisan Capital to put people on GameStop's board that they've used to crash other companies like [ColdWater Creek and PF Changs](https://www.linkedin.com/in/jim-bell-a125b77) after a [buyout rumor was going about them](https://web.archive.org/web/20190104194934/https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) + + +[He also lives the same place as Ken Griffin and the head of Goldman Sachs](https://imgur.com/pYuUE9w.jpg) read [more here](https://reddit.com/r/Superstonk/comments/ttnyrn/ken_griffin_citadel_steven_cohen_sac_capital_and/) + + + + + +It was rumored that Apollo Global Management was going to buy GameStop in 2019, so they got their friends to board the company and try to sink the ship and get their *specialty pennies on the dollar* of leveraged buyouts. + +>[Private equity firms interested in buying GameStop include Sycamore Partners and Apollo Global Management, people familiar with the matter told the Journal.](https://www.cnbc.com/2019/01/04/gamestop-shares-surge-12percent-on-report-it-could-announce-a-buyer-soon.html) January 2019, curiously when all this started. + + + +They did it to PF Changs with none other than Paulson & Co (the John Paulson that helped cause 2008) [(read more here)](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) + +> Private-equity firms TriArtisan Capital Partners and Paulson & Co. Inc. have agreed to buy the heavily indebted P.F. Changā€™s from Centerbridge Partners in a $700 million deal,Ā according to a report by Bloomberg on Thursday, citing a notice to investors. + +> The deal, expected to close in the first three months of the year, is expected to take out all of the companyā€™s $675 million in debt. + +> [Changā€™s has $375 million in secured debt and another $300 million in unsecured bonds.](https://restaurantbusinessonline.com/financing/report-says-pf-changs-be-sold-investment-firms) + +Look who was at PF Changs when it happened + +> ā€œWe want to thank Centerbridge Partners for their strong support of P.F. Chang's. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy,ā€ [Jim Bell, P.F. Changā€™s CEO, said in a statement. ā€œPaulson and TriArtisan bring financial strength and expertise that will allow us to grow our dine-in and off-premises channels both domestically and internationally."](https://www.fsrmagazine.com/chain-restaurants/firms-close-sale-pf-changs) + +> Credit Suisse served as Paulson and TriArtisan's financial adviser for the transaction and Ropes & Gray LLP and Kleinberg, Kaplan, Wolff & Cohen, P.C. served as legal counsel. + +&nbsp; + +Found the parent company + +> [TriArtisan Capital Partners is the merchant banking arm of Morgan Joseph TriArtisan LLC. TriArtisan makes investments in market leading companies in partnership with accomplished management, leading private equity funds and institutional limited partners.](https://www.cbinsights.com/investor/triartisan-capital-partners) + + +&nbsp; + +Apollo Global Management is invested. + +> [Leon Blackā€™sĀ Apollo Global ManagementĀ has invested an undisclosed amount in preferred stock ofĀ Morgan Joseph TriArtisan,Ā BloombergĀ reports. The company has also registered its own brokerage,Ā AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +> Apollo, with $67.6 billion in assets as of Dec. 31, 2010, may offer additional financing to the securities firm. New York-based Morgan Joseph TriArtisan, formed through the merger ofĀ Morgan JosephĀ and merchant bank,Ā Tri-Artisan Partners, will help underwrite bond sales for companies controlled by Blackā€™s funds. + +> [From 1977 to 1990, Black was employed by investment bank Drexel Burnham Lambert, where he served as managing director, head of the Mergers & Acquisitions Group, and co-head of the Corporate Finance Department.[12] Black was regarded as "junk bond king" Michael Milken's right-hand man at Drexel.[13] In 1990, he co-founded, on the heels of the collapse of Drexel Burnham Lambert, the private equity firm Apollo Global Management.[14][15] Notable founders included: John Hannan, Drexel's former co-director of international finance; Craig Cogut, a lawyer who worked with Drexel's high-yield division in Los Angeles; Arthur Bilger, the former head of the Drexel's corporate finance department; Antony Ressler, who worked as a senior vice president in Drexel's high yield department with responsibility for the new issue/syndicate desk; and Marc Rowan, Josh Harris and Michael Gross, who all worked under Black in the mergers and acquisitions department.](https://en.wikipedia.org/wiki/Leon_Black) + +Leon black is tied to Drexel, where he worked with Fred joseph. Drexel being Mike Milken's junk-bond start. + + +> [Fred Joseph bought into a firm founded by John Adams Morgan to establish Morgan Joseph, a middle-market investment bank that caters to many of the same kinds of clients as Drexel had. In 2011, the firm merged with Tri-Artisan Partners, a merchant bank, to form Morgan Joseph TriArtisan. Although the firm carried Joseph's name and he was part-owner, he was only co-head of corporate finance until his death in 2009. In 1993, the SEC barred him from serving as president, chairman or CEO of a securities firm for life for failing to properly supervise Milken. Morgan Joseph TriArtisan's chairman and CEO is John Sorte, Joseph's successor as president and CEO of Drexel from 1990 to 1992. ](https://en.wikipedia.org/wiki/Drexel_Burnham_Lambert) + +&nbsp; + + + +Sycamore Partners did this with Jim Bell at ColdWater Creek. + +> Sycamore Partners was founded in 2011 by Stefan Kaluzny and Peter Morrow.[3] [Before Sycamore, Kaluzny was a Managing Partner at Golden Gate Capital and was employed since the firm's inception.](https://en.wikipedia.org/wiki/Sycamore_Partners) + +> [July 9, 2012 (GLOBE NEWSWIRE) -- Coldwater Creek Inc. (Nasdaq:CWTR) announced the closing of a five-year, $65 million senior secured term loan provided by Golden Gate Capital, a leading private equity firm with extensive experience in the retail sector.](https://www.globenewswire.com/news-release/2012/07/09/272993/261557/en/Coldwater-Creek-Announces-New-65-Million-Financing-with-Golden-Gate-Capital-and-Reiterates-Second-Quarter-Financial-Guidance.html) + +> [founded in 1984 as a catalog retailer, ColdWater Creek went in to open stores nationwide. The company filed for Chapter 11 bankruptcy in spring 2014 with plans to liquidate and close it's more than 300 stores. Sycamore Partners subsequently acquired the ColdWater Creek brand and other intellectual property.](https://chainstoreage.com/coldwater-creek-calls-it-quits-least-now) + +Jim Bell, [ColdWater Creek - 2009 to 2014](https://www.linkedin.com/in/jim-bell-a125b77) + + +~~~June~~~ May 2019, months after the Apollo and Sycamore rumors. + +> [Frank Hamlin (now GameStop's chief customer officer) and former Tile Shop board member Chirs Homeister (now GameStop's chief merchandising officer). James Bell, former Wok Holdings CFO, meanwhile, steps into Lloydā€™s former position as GameStopā€™s CFO.](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +> [In a press release, recently appointed CEO George Sherman said that the changes aim to ā€œadvance GameStopā€™s transformation as we work to position the company for the future and bring gaming culture and experiences to life in every community.ā€](https://www.gamedeveloper.com/business/gamestop-coo-and-cfo-rob-lloyd-steps-down-amid-executive-shuffle) + +More info confirming connections + +> [GameStop has hired Jim Bell as executive vice president and chief financial officer to fill his role. Bell was previously the CFO of Walk Holdings, which owns P.F. Changs and other restaurants. GameStop has also hired Chris Homeister as executive vice president and chief merchandising officer. Homeister previously led Best Buyā€™s gaming efforts.](https://gamedaily.biz/article/925/gamestop-shares-nosedive-after-quarterly-earnings-miss-analyst-expectations-by-90-million) + + + +> Ā P.F. Changā€™sĀ parent [Wok Holdings, owned by TriArtisan Capital Advisors and Paulson & Co.](https://www.institutionalinvestor.com/article/b1kzmp4qkx1wg7/Private-Equity-Owned-Restaurants-This-Is-the-Worst-I-ve-Ever-Seen-It) that *he was there to sell to them.* + + + + +&nbsp; + + +[Here's the debt contract signed by him](https://contracts.justia.com/companies/gamestop-corp-562/contract/107023/) + +Which ties these assets to the debt. + +* GAMESTOP CORP, + +* GAMESTOP, INC. + +* SUNRISE PUBLICATIONS, INC. + +* ELBO INC. + +* EB INTERNATIONAL HOLDINGS, INC. + +* GAMESTOP TEXAS LTD. + +* GS MOBILE, INC. + +* GEEKNET, INC. + +* MARKETING CONTROL SERVICES, INC. + +* SOCOM LLC + + +The year before all this, [is when ThinkGeek and their patents were merged with GameStop's](https://www.gamesindustry.biz/articles/2019-06-14-thinkgeek-moves-in-with-gamestop) + +> Gamestop subsidiary ThinkGeek will be shutting down its online gaming and pop culture clothing, accessory, and toy store and moving the bulk of its business into GameStop brick and mortar and online stores. + + + + +&nbsp; + +The other guy mentioned above, Chris Homeister, [was at best buy while this was happening](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005Ā -Ā Sep 2012 - 7 years 6 + +Note: [he's also gone now too, July last year](https://www.linkedin.com/in/chrishomeister) + +&nbsp; + + +***Various external connections:*** + + + [This guy lobbies on behalf of Boston Consulting Group and TriArtisan Capital](https://imgur.com/rUMHjgJ.jpg) and [this one too](https://imgur.com/QorKZ96.jpg) link [found here](https://www.opensecrets.org/federal-lobbying/firms/lobbyists?cycle=2020&id=D000032355) + +&nbsp; + +Then there's [this guy and his list of leveraged to tits buyouts as a resume](https://peprofessional.com/2014/07/triartisan-capital-hires-scott-lemone/) + +> Scott Lemone, an investment banker with over 25 yearsā€™ experience raising capital for retailers, has joined TriArtisan Capital Partners, the merchant banking arm of Morgan Joseph TriArtisan.Ā  Mr. Lemone will lead the firmā€™s investment activity in retailing. + +> ā€œScott has an outstanding background and knowledge of retailing that will be of great value in identifying opportunities and structuring transactions for our institutional investors,ā€ said Gerald Cromack, Managing Director of TriArtisan Capital. + +> TriArtisan has been an active investor in the retailing sector, including investments in Paper Source, Sur La Table, and Claireā€™s Stores. TriArtisan also recently closed on an investment in TGI Fridayā€™s, a casual dining company. + +> Mr. Lemone has advised on over $50 billion in value of mergers and acquisitions, and financings, in the retail space, including working with such firms as Loweā€™s Companies, AutoZone, Sears, Petco, OfficeDepot, Dickā€™s Sporting Goods, and Best Buy. Mr. Lemone began his career at Kidder, Peabody and Co. in 1989, spent nine years at Merrill Lynch, including several as Retailing Group Co- Head, and was the senior retailing banker in the US for Lehman Brothers. Most recently, Mr. Lemone headed the Retailing Group for SunTrust Robinson Humphrey. + +&nbsp; + +This guy is tied to both TriArtisan Capital and Anchorage + +> Edward Grebow, 67, has served on our Board of Directors since September 2016. [Mr.Ā Grebow also serves on the board of directors of Xenith Bank. He was designated as a nominee to our Board of Directors byĀ ACMO-HR,Ā LLC, an affiliate of Anchorage Capital Group, L.L.C. (ā€œAnchorageā€), pursuant to the terms of the Investment Agreement between the us and Anchorage. He is a Managing Director of TriArtisan Capital Advisors where he advises financial services, media and technology companies. Mr.Ā Grebow joined TriArtisan in November 2013 after serving as President and Chief Executive Officer of Amalgamated Bank.](https://www.sec.gov/Archives/edgar/data/1143155/000119312517151965/d376034d10ka.htm)Ā Ā Previously, Mr.Ā Grebow was a Managing Director of J.C. FlowersĀ & Co, a leading private equity firm focused on the financial services sector. Until June 2006, Mr.Ā Grebow served as President of the ULLICO Inc. family of companies, including the $6Ā billion Union Labor Life Insurance Company. In 2002 and 2003, Mr.Ā Grebow served as President of the Metropolitan Television Alliance (ā€œMTVAā€), a consortium of 11 New York Metropolitan Area Broadcasters seeking to rebuild the television and emergency services transmission tower destroyed atop The World Trade Center on SeptemberĀ 11, 2001. Prior to joining MTVA, Mr.Ā Grebow was Deputy President of Sony Electronics, Inc., and President of Sonyā€™s Broadcast and Professional Company. Earlier in his career, Mr.Ā Grebow served as Executive Vice President in charge of Operations at CBS, Inc., Vice President at JP MorganĀ & Co. Inc., President of JP Morgan Leasefunding Corp. and Chief Operating Officer and Executive Vice President of The Bowery Savings Bank. Mr.Ā Grebow serves as a Director and Audit Committee Chairman of Diamond Offshore Drilling, Inc. and Alcentra Capital Corporation and as a Trustee of NY PBS station WNET. He has also served on the Board of Trustees of The George Washington University, the American Film Institute, Theatre Development Fund, Flowers National Bank and Panavision Inc. He was appointed by Governor Mario Cuomo to the New York State Hospital Review and Planning Council. + + +&nbsp; + +Check out what happened at the same time + +> [Lance Milken, the son of one-time ā€œjunk bond kingā€ Michael Milken, has departed Apollo Global Management, the private equity group that was founded by former colleagues of his father, to set up a family office.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +> The younger Mr Milken, 43, was a senior partner at Apollo in its core private equity business, which manages $72bn. + +> [A Wharton School graduate like his father, Mr Milken joined Apollo in 1998 as a junior investor.](https://www.ft.com/content/18f6d2e6-1f64-11e9-b126-46fc3ad87c65) + +&nbsp; + +I'm of the firm belief, the 140% short was part of this plan, and everyone holding short positions from 2019 to 2021 should be investigated for connections to these guys. + +Pretty easy connection as to how Steve Cohen got involved (Milken), Ken Griffin (Milken), Anchorage (listed above), who else is connected to Apollo, Drexel or this scheme? + +Read that line again.... + +> Leon Blackā€™sĀ Apollo Global ManagementĀ has invested an undisclosed amount in preferred stock ofĀ Morgan Joseph TriArtisan,Ā BloombergĀ reports. [The company has also registered its own brokerage,Ā AP CM, to find clients and negotiate deals for its buyout and hedge funds.](https://www.institutionalinvestor.com/article/b150y606nn0nst/apollo-invests-in-morgan-joseph) + +&nbsp; + +George Sherman was at Best Buy the same time as Chris Homeister. Direct ties..... he rehired the guy from Best Buy that was [doing this under his watch.](https://www.forbes.com/sites/larrydownes/2012/01/02/why-best-buy-is-going-out-of-business-gradually/) + + + ***George Sherman*** + +> Senior Vice President Services + +> Best Buy + +> [Jun 2009 - Mar 2013 - 3 years 10 months](https://www.linkedin.com/in/georgesherman) + + +***Chris Homeister*** + +> Senior Vice President & General Manager - Merchandising + +> Best Buy + +> Apr 2005Ā -Ā Sep 2012 - 7 years 6 + +Nvm, Sherman was helping him. + +> George Sherman, who oversaw Geek Squad for Best Buy, has left the electronics retailer after nearly four years on the job, according to a Star Tribune report. + +> [Best Buy also laid off 600 Geek Squad employees last summer as part of a restructuring of the division.](https://www.bizjournals.com/twincities/news/2013/03/13/best-buy-geek-squad-george-sherman.html) + + + +&nbsp; + +The current group tearing apart Chewy [is BC Partners](https://imgur.com/a/d1BCbd8) + + + +[Have you seen Chewy's board now?](https://investor.chewy.com/governance/board-of-directors/default.aspx) + +> Mr. Svider currently serves as Partner and Chairman of BC Partners and as Chairman of the Executive Committee of BC Partners. + +> Prior to joining Chewy, Mr. Singh held senior leadership positions at Amazon, where from 2015 to 2017, he served as Worldwide Director of Amazon Inc.ā€™s Consumables businesses (fresh and pantry) and, from 2013 to 2015, as General Manager for Amazon, Inc.ā€™s + +> Mr. Ahmed currently serves as Partner at BC Partners, as a member of the Executive Committee of BC Partners, and as the firmā€™s Chief Administrative Officer. + +> Mr. Chang currently serves as Partner at BC Partners. Before joining BC Partners in 2009, from 1999 to 2009, Mr. Chang served as Principal of JLL Partners, LLC. + +> Ms. Dickson has been Chief Financial Officer and Chief Administrative Officer of Lehman Brothers Holdings Inc. since January 2016. + +> Mr. Kim currently serves as Principal at BC Partners. + +> Mr. Leland currently serves as Managing Director and Head of Capital Markets at BC Partners. Since 2019, Mr. Leland has also served as Chief Executive Officer of BC Partners Securities LLC, a registered broker dealer in the United States. Before joining BC Partners in 2018, from 2000 to 2018, Mr. Leland served at Citigroup Inc., most recently as Managing Director in the Capital Markets Originations Group, with a focus on leveraged finance. + +> Mr. Nelson currently serves as Chief Executive Officer of Global Net Lease, Inc. (NYSE ā€œGNLā€), a publicly-traded real estate investment trust, a position he has held since July 2017, and has served, since March 2017, as a director of GNL. + +> Ms. Sibenac currently serves as Managing Director at BC Partners in Portfolio Operations. Before joining BC Partners in 2017, from 2012 to 2017, Ms. Sibenac served in management positions at Amazon, Inc., and, from 2003 to 2010, she served in technical and commercial leadership roles at Lockheed Martin Corporation. + +> Mr. Star currently serves as Executive Chairman and Investment Committee Chair of Longview Asset Management LLC (ā€˜ā€˜Longviewā€™ā€™), a multi-strategy investment firm that invests on behalf of individuals, trusts and charitable foundations. + + +&nbsp; + +[Apollo bought Yahoo](https://www.apollo.com/media/press-releases/2021/09-01-2021-161530593) + +Right after [yahoo "had glitches"](https://www.reddit.com/r/Superstonk/comments/pm1trq/smooth_brain_math_yahoo_finance_float_glitch/) showing there's 305 million shares in circulation + + +&nbsp; + +They also just [merged with an insurance company](https://imgur.com/3LtfKR4.jpg) trying to guarantee that bailout. +When I was new to crypto I was deciding which exchange to use and had decided on crypto.com. At the time crypto.com and their CRO coin had a bit of a bad reputation but I did my own research and determined that the things people were concerned about were growing pains and that an exchange with the domain crypto.com had a very bright future. + +After getting my account approved I posted here asking for advice on if I should invest a substantial amount in CRO since I believed crypto.com was destined to become a major player like binance and that inevitably the CRO price would go up. + +My post was met with lots of fud and responses from people who had likely been burned or knew nothing about crypto.com and CRO. I should have gone with my gut and my own research however I was brand new to crypto and didn't trust myself. + +At this time CRO was about $0.06. Now CRO is $0.50+ and crypto.com has bought the naming rights to the arena where the Lakers play. + +Moral of the story is 90% of what's posted here is garbage that won't help you make good investing decisions. Go with your gut. + +EDIT: Wow. I knew this sub had some bad advice but I didn't realize how incredibly toxic it had become as well. Everyone was new at some point. There are tons of new people coming here everyday to try and learn more about crypto. + +EDIT: One of the mods changed the flair of this post to comedy. That is completely unacceptable. Regardless of if they found my post to be funny it was clearly not intended to be a joke. I have changed it back and if it is changed again I will be reporting the situation to reddit. +I realized that shares are sold by FIFO recently. I generally buy and keep and do not sell as much. + +Recently I saw an opportunity of making quick beer-money type money, and made it by buying on top of my long term holdings. I wanted to sell the recently bought shares at a nominal profit but when I did I realized my long-term holdings got sold, and the avg cost now is that of the newly bought holdings. + +Anyway to prevent this? Or am I being naĆÆve and missing something here? +Hi all, mother inlaw was left with no savings or retirement accounts. She has $674.00 in SS income and $330.00 in SNAP benefits per month. Her food is taken care of and her rent. Realistically what can I and her children start or contribute to insure the rest of her life/retirement is even slightly more comfortable? + +I guess in a way I'm asking is, what would you do for your mother in law in that situation? A ROTH? Hire a fiduciary? +Thanks in advance. I will do my own do diligence research into any suggestions provided. + +EDIT: thank you everyone for your input the general consensus seems to be that she needs to get a job and she needs to get roommates of her own age and possibly the children and I could start some sort of index fund for her. Most of you are right we are not responsible for her and her husband's poor decisions in life but that's my wife's mom and I'd like to do at least something for her. +I want to be able to celebrate this milestone, but it seems taboo to say this to friends. Instead, I want to share lessons learned from hitting this financial goal. I am 21, graduated with my B.A. in History in May 2020, and started WFH in July. My salary is $70K. I interned and won fellowship money while in college. + +401K - 22K | Roth IRA - 22K | Emergency Fund - 2.5K | Checking - 1.5K | Taxable Brokerage - 41.5K | 529 (for my future kids) - 10.5K + +My two biggest takeaways from reaching this financial goal are below. These are generalizations, but I attribute most of my ability to reach 100K at a relatively young age to them: + +1. Scholarships over Prestige. + +I took a full ride at an ehh school over a much more prestigious school. I begged my parents to shell out $70K/year for an Ivy, but they refused and told me I would thank them later. I definitely donā€™t think I *loved* my college experience, but it gave me a degree and a job opportunity and I enjoyed a lot of it very much, so I consider it a win. + +2. Living at home over Paying rent. + +My parents have graciously allowed me to live with them and I am extremely thankful. We have a good relationship and I pay for household goods in exchange for being able to stay here. Independence is important, setting boundaries is important, but ultimately choosing to WFH in my parentsā€™ house has allowed me the opportunity to save so much money. My emergency fund will definitely need some improvement once I start living by myself. +As suggested in [this post](http://www.reddit.com/r/Economics/comments/aupwm/why_im_taking_reconomics_off_my_front_page/) this reddit has a number of problems - particularly pointless content. I need your help to improve it: + +As suggested by user MikePatton and others, I'm going to start by removing sensationalist content. + +To improve things, I need to know: + +a) What content do you generally WANT to see here (list topics / websites / etc) + +b) What content do you generally NOT WANT to see here (list topics / websites / etc) + +c) any tips on improving this reddit? + +Ultimately, the most helpful thing you can do is - **upmod what you like, downmod what you don't like, and report content that is not relevant / should not be here** + +Appreciate any and all feedback, especially from folks who have been involved in PE deals. + +**Background** +I am a director (1 of 7 with 3 c-level people above) at a company that does \~20m in revenue. I make $400k per year. I was 1/4 vested when the PE deal happened, call it 10k shares out of 40k. The PE co bought 49% of the business. I was allowed to sell 49% of my vested shares despite being promised that all my shares would accelerate. In the end, none of my shares were accelerated and I have been offered no additional incentive plan. Was I screwed? + +**Details** + +* The investment was a big deal, with the c-level folks spending like 10 months on the deal non stop +* I was told by the CEO in writing and verbally prior to the deal that "all my shares would accelerate," and they trotted me out to the PE firm with this understanding and buttered me up before the calls. +* As the deal neared (t minus 1 week), I sent an email to the CEO specifically saying I wanted to check my understanding, and that I could sell 49% (pro rata with everyone else) of my accelerated 40k shares. He said, "No. your shares will accelerate "at" closing but not "before" closing, so you will not be eligible to sell the accelerated shares. So only 49% of your already-vested 10k shares. But the rest of your shares will accelerate at closing" +* There was a flurry of emails at closing demanding I sign various paperwork by noon, etc. High pressure from CEO, no time to consider, no lawyer to consult with. I ended up acquiescing to my boss' demands and just signing everything to not be a problem. I remind you, this was the last moment of a year-long process, the pressure on me from above was extreme. +* When the dust settled, I was told due to tax implications, my shares would \*not\* accelerate, and that I am on the same vesting schedule as before, with only 1/4 of my shares vested. Though I was able to sell 49% of my 10k shares for a bonus that was about 1 month's pay. +* it has now been a few months since closing. I had expected the PE firm or the c-levels to reach out to me with a new incentive plan for growing the business, but they haven't. It seems my old vesting schedule remains the only incentive plan. +* I should mention I am highly regarded and they like me a lot, so there is no real chance that this is a soft firing. I should also mention I am friends with the CEO and we hang out, so it's not exactly easy to confront him over what I think was a wrong. + +**Questions** + +* Should I demand that my shares accelerate as promised? I actually wouldn't be thrilled to pay the taxes on these as I don't super believe in the company going forward. +* Should I ask for a new incentive plan from the PE firm? It seems kind of janky that my incentive is now what it always was after moving the ball. +* What is your recommended course of action? + +Thanks so much! +# FROM EVERYONE AT SUPERSTONK, HAPPY FUCKING BIRTHDAY TO THE MAN, THE MYTH, THE LEGEND, KEITH GILL AKA u/deepfuckingvalue AKA THE ROARING KITTY!! + +&#x200B; + +https://preview.redd.it/yst5srzmp3471.png?width=1426&format=png&auto=webp&s=ec0abcb085168e0ee37f347f6f15a9426c8ef57e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸŽ¤šŸŽøšŸ„ šŸ¦Welcome to the JunglešŸ¦šŸ„šŸŽøšŸŽ¤ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $300 + +Open Price: $292.00 + +Daily High: $344.66 + +Daily Low: $281.00 + +Volume: 17.28 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ–šŸŽšŸšŒGME 101šŸšŒšŸŽšŸ– + + + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. šŸ¦šŸ¤šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Annual Shareholder Meeting 6-9 ( Ķ”Ā° ĶœŹ– Ķ”Ā°) + +Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us. + +&#x200B; + +[June me @ January me- LOOK AT US](https://preview.redd.it/vji1ncyspu371.jpg?width=1080&format=pjpg&auto=webp&s=e4d01bafa33dfa7ba8a5fd74e17460896748a9e3) + +I want us all to have realistic expectations for the meeting... and I want to make it **perfectly** clear that this meeting is **not** the place to gather and have Woodstonk. (I promise that's a coming major event after MOASS!) But it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern. + +&#x200B; + +So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, **Monkey Business!** + +&#x200B; + +At 4:30 pm Eastern, **Monkey Business** will be live on Superstonk Live YouTube! Hosted by u/jsmar18 and u/sharkbaitlol and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day! Stay tuned for more details! + +&#x200B; + +https://preview.redd.it/qqkwtxkw12471.png?width=1024&format=png&auto=webp&s=2a9540f14d0ed8633d3e97fdab8ed1e1f28081e4 + +**And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:** + +&#x200B; + +* Be overly respectful of the space and people around you. Pretend you are at a job interview. +* Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!) +* Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police. +* If you gather in any capacity, even to sing songs, gather peacefully. +* Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly. +* Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example! +* **Most importantly, HAVE FUN!!! šŸ¤™āœŒšŸ’–šŸš€** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Mod Hiatus Update + +*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) + +&#x200B; + +Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution. + +Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action. + +**Therefore, please be advised of the following:** + +[u/StonkU2](https://www.reddit.com/u/StonkU2/) and [u/heyitspixel](https://www.reddit.com/u/heyitspixel/) have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. **As such, please be aware that they are no longer representatives of the Superstonk mod team** ***at this time*** **and any communication from them is coming as an individual.** We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. šŸ’Ŗ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# LAST CALL + +by u/Bye_Triangle + +&#x200B; + +https://preview.redd.it/emkauipvz1471.png?width=1000&format=png&auto=webp&s=0609cb675c59e832390b12218035b13afbb98a4f + +&#x200B; + +&#x200B; + +Listen, its literally your last chance to vote. Today is the final day for most shareholders to vote, unless you made arrangements to vote at the meeting. + +&#x200B; + +If you don't vote now, thats it... there isn't another chance. It doesn't matter how many or how few shares you have...every vote counts. + +&#x200B; + +https://preview.redd.it/b0q6k22k02471.png?width=900&format=png&auto=webp&s=83b64260ee6b4dec531b045045d5d62ed590edd6 + +&#x200B; + +There is not much more to say that hasn't already been said thus far with regards to the vote. You know why its important. You have been told that this is how we expose the fraud. If you aren't already convinced then there is nothing more to be said. + +&#x200B; + +Vote before you can't, almost out of time + +&#x200B; + +**Also comment !apevote! to get your special voted flair!** + +# VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Deep Fucking Birthday Wishes šŸ„³šŸŽŠšŸŽ‰ + +*by* [u/bradduck\_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/) + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As many of you know, today is the birthday of the now-famous retail investor, DFV. + +&#x200B; + +https://preview.redd.it/z5wk4095b2471.png?width=634&format=png&auto=webp&s=82e72b166e54b32bb78ec1696c7a0ae252044815 + +&#x200B; + +Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot. + +That means two things, apes: 1) Today's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation. + +Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other. + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ShareHOLDers Meeting + +by u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! I come to you today with news of our plans for the 6/9 GameStop Annual Shareholder meeting for 2021. Yes, after all this time, it is happening tomorrow! Many of you are already aware that your Ape-bassador recruited a bunch of volunteers who were planning on being at the meeting in person. To that end, we have coordinated with u/redchessqueen99 to bring you all a live stream of the events! + +&#x200B; + +The stream will be viewable on the never-monetized Superstonk YouTube channel and will begin at 10am ET. The feed will be switched between the various volunteers until the meeting starts. Since we do not know if any recording will be allowed inside, there is the possibility we will switch from our stream to theirs when the meeting gets underway at 11pm ET. The meeting is scheduled to last for 15 whole minutes, so do not be surprised if nothing too juicy comes out of it. Then again, maybe we will finally get to hear about the plans for GameStop's future! Nobody knows for sure, but we will do our best to bring you the info live. Our live stream will resume once the meeting commences, assuming we had to cut away in the first place. + +&#x200B; + +We have already gone over expectations with the volunteers, but for those of you who will be there that are not presently aware: BEHAVE. The shareholder meeting is a thing of business and should be treated as such. Honestly, I'm not too concerned about legit Superstonk peeps, rather, any instigators that may attempt to wear the Superstonk mantle for the purposes of bringing shame upon the name. Shun them, disregard them, and point out non-apely behaviour. Kindness, patience, and knowledge are our weapons, and we utilize them well. + +&#x200B; + +Once we wrap up, the volunteers will be going through their pics and vids and submitting the best captures to the mod team. So any ape that is interested in using some of the footage we collect for the purposes of hype-vids, just let me know and I'll get you on the list. There should be plenty for several unique videos, even if we get a lot of requests for the footage, so don't be shy. + +&#x200B; + +Before I sign off, I'd like to point out that the vote total will almost definitely not be shared at the meeting. Typically, the results are released 3-5 days after the fact, as u/atobitt has mentioned on other threads. Do not be surprised if we see some fuckery with the price over the next several days, as that seems to be the go-to hedgie tactic any time GameStop has a meeting of any kind. Until tomorrow, buy, hold, vote if you can, and always be excellent to each other. + +&#x200B; + +Power to the Player! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ghost in the Shill + +*written by SATORI co-creator* [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) + +&#x200B; + +[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/) + +The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes. + +&#x200B; + +[ SATORI dev, 2021 colourised ](https://preview.redd.it/8uqyy2nm92471.png?width=400&format=png&auto=webp&s=9fa877a494897aae3a5bc1f2804b8e14d958c1a6) + +&#x200B; + +The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) \- desperation is in the air, and it tells me everything I need to know. + +As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time. + +**Solicitations, trolling & phishing in DMs** + +This tactic is as old as FUD itself, but it hasnā€™t been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, **please report these to Reddit and our mod team.** + +A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter. + +**Bad karma** + +Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/) + +Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks. + +We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively. + +As with $GME as a stock, every vote matters. + +**Leveraging Apes and the weekend ennui** + +On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys. + +So, where was SATORI? + +As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape. + +We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later. + +Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them. + +I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to. + +It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to **check before posting.** + +The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) \- will appreciate it dearly. + +**Tag teams** + +Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides. + +[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3) + +**Hacked accounts & a final note on account security** + +We have received a surge in reports of Superstonk usersā€™ accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - donā€™t get complacent. + +Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +&#x200B; + +[NO hax for you Kenny](https://preview.redd.it/lv8hr16aa2471.png?width=400&format=png&auto=webp&s=21be93d4aed66633b51bf54c599b6232e464ad5d) + +&#x200B; + +**TA;DR** + +While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much. + +Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves. + +This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately. + +A sub is only as strong as its weakest link - B.H.V.F., and be strong. + +Catto + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Satori: The One Week Security Update (Important Information Inside) + + + +[Important Security Update for June 8th by](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) u/Grungromp + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_- + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - **IF REDDIT GOES DOWN AT A PIVOTAL MOMENT** go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +&#x200B; + +https://preview.redd.it/h0eu7iscb2471.png?width=1600&format=png&auto=webp&s=6446e97ab5cbca1974c729a53165870a51f93e40 +Just as the title says. This is an improvement over last time I was between pays and was -$200 in overdraft. + +&#x200B; + +Times are tough and discovering this sub has helped me feel less alone in this, so thanks all. +It doesn't matter if you're a full blown MMM disciple, cycling 10 miles to work on a purple banana-seat piece of shit you bought at the Salvation Army for $12.97+tax or a C-Level high-earner driving a new Toyota when everyone else with a reserved parking space is rolling in a BMW - cutting yourself at least a little bit loose from the rat race is liberating. + +Living below your means to "purchase" future freedom is liberating. + +Learning to not find happiness in possessions is liberating. + +As is learning to not judge your success or worth by the home you live in or the car you drive. + +And seeing the ridiculous fallacy of goods that provide little more than status (i.e. diamonds & other precious gems/metals) puts you several laps ahead of the competition. + +It doesn't matter whether you're full-steam ahead on FIRE or just nibbling on the FIRE cake to get a wee bit more utility out of your crumbs...taking more control over your financial life is liberating. + +But...just because this works for you, doesn't mean it works for everyone else. + +From asking for advice on convincing your partner to think like you to shitting your fucking diaper like a baby over what some rich bitch named Suze Orman thinks to whinging on and on about your brother-in-law spending money like he's shopping prizes at the end of Wheel-of-Fortune in the 1980s...way too many people in here are getting way too bent out of shape regarding other people's life decisions. + +Believe it or not, some people are happy as fuck working their brains out to become rich and buy all that bullshit that you have no interest in having. Some people truly do find satisfaction in buying high-end fashion or ridiculous accessories that cost as much as a low-end used car. + +I think this stuff's dumb. + +But I allocate zero shits to worrying about what my friends & family and strangers do with their lives and money. + +Getting worked up about someone on TV claiming you need $200,000/year in retirement is just as silly as homophobes angry that Dave wants to marry Don and not Dawn. + +Living below your means isn't a cult. It's a means of having more free time to do shit that ain't work. Period. +Reasons why I think Uncle Bruce is likely to be a shill. + +\- He endorses Jim Cramer. +\- Earlier today, Uncle Bruce was trying to convince his viewers to write GME call options at $500-$600. +\- Months back he was preaching about how GME's price could explode as margin calls take place. +\- He has restricted comments to paid members only so there is no way to warn his viewers. +\- He is constantly trying to convince his viewers to buy lesser known SPACs. +\- He constantly says that GameStop should release more and more share's into the market whether or not it damages the MOASS. +\- His background story makes no sense. + +It was hard for me to write this as I generally don't like to publicly question peoples character but this dude is visible and it would be a shame for new apes to miss out or be mislead because of poor advice. Us seasoned apes already know to be very weary of these YouTube actors. + +\---------------------------------------------------------------------------------------------------------- + +EDIT: Thank you for all of the upvotes and awards. Even though I know similar has been discussed before without much coverage, I wanted to make sure that any new apes who stumble across Bruce (or any other YouTube actor) receives the necessary warning as it looks like we are fast approaching the MOASS. +Gamestop's NFT Marketplace will be available before the end of the next trading week (before Saturday 5th of March), and I'll take a ban from the subreddit if it doesn't happen since I'm 100% convinced. + +Today GME moved another 2.000.000 IMX coins, if you add up the 1.700.000 they moved last week or whenever, it's 3.700.000. When they announced the GME x IMX thing, they showed some milestones, the last one said that, if achieved, GME would move a total on 3.7M IMX coins 48h before the Marketplace goes live. + +I barely remember what I ate today so probably all of this is wrong, NFA. + +Edit: I wasn't aware of the mods opinion on this until some of you pointed it out. If I'm wrong, I'll donate Ā£100 to JuegaTerapia (juegaterapia.org), it's a spanish organization that provides therapy through gaming (and more stuff like chemo, etc.) to kids with cancer or terminal ilnesses. + +Edit2: F in the chat. [Post](https://www.reddit.com/r/Superstonk/comments/t6pcvd/an_ape_always_pays_its_debts_gg/?utm_medium=android_app&utm_source=share) +Just a quick little reminder we should all sear into our ape brains. **They wouldn't have wasted more than a day or two on "meme stocks" if apes being dumb with money didn't have some sort of serious implications.** Now, their narrative has changed from people just throwing money away to people who could break the system. + +They are pitching FUD (fear, uncertainty, doubt) in its purest form. When a cheater complains that they're still losing, you know you're doing something right. Remember that, especially during the dips. +26/M. I've been investing in ELSS funds since 2018 for tax-saving purposes and started taking investing more seriously towards the end of 2019. I've done a lot of reading in this sub and it has been super helpful. + +Recently got a job with better pay and I'm looking to invest 40K each month this year. And before I do that I'd like some advice on getting my portfolio sorted out for the long term. + +&#x200B; + +|FUND|Amount| +|:-|:-| +|DSP Tax Saver|1.4L| +|Parag Parikh Flexi Cap|62,800| +|Axis Long Term Equity|58,300| +|Axis Bluechip|50,600| +|Axis Midcap|44,900| +|MO S&P 500 Index|43,800| +|MO Nasdaq 100 FOF|41,800| +|UTI Nifty Index|36,500| +|Nippon Tax Saver|19,300| + +&#x200B; + +1. I don't buy units of DSP and Nippon anymore, these were done purely for tax-saving reasons. Both have units that move out of the lock-in period each month. I'm withdrawing units from Nippon each month and moving them to PP FlexiCap. I'm planning to withdraw funds from Axis mutual fund and move them to Axis Bluechip on maturity.With DSP Tax Saver, I'm not sure if I should follow the same strategy. The fund has performed really well so would it make sense to keep the money in it or is withdrawing and moving to an index fund better? + + +2. As you can see I have a major portion of my portfolio in Axis funds. Started out with Axis LTE and once I didn't need ELSS anymore for tax purposes, I started buying the same amount in Axis Bluechip.Both Axis Bluechip and Axis Midcap, while giving me decent returns haven't performed as well as some other funds over the last year. What opinion do you folks have about these two funds for the long term?(I wanted to get into index funds and started investing in UTI Nifty Index but later discovered that there's [significant overlap](https://www.mutualfundskaro.com/mutual-funds-research/mutual-fund-portfolio-overlap?category=All&schemes=Axis%20Bluechip%20Fund%20-%20Regular%20Plan%20-%20Growth,UTI%20-%20NIFTY%20Index%20Fund-%20Regular%20Plan%20-%20Growth%20Option) with Axis Bluechip so right now that's on hold. Should've thought that through before I started šŸ˜©) + + +3. I'm investing in PP Flexi Cap, MO Nasdaq, and MO S&P Index because I'd like my portfolio biased towards tech. I'd have preferred an index fund for Nasdaq instead of a FOF but did not find any good options when I started.I'm not really looking to make changes here unless there are any issues I've missed out on so please do let me know if that's the case. + + +4. Should I look at adding a small-cap fund? Would love suggestions if you think I should. Also would love it if you've got suggestions on anything I've missed out on! + + +PS: Sorry for not doing this on discord or on the advice thread, the post seemed a bit too long for those. I hope that's okay šŸ˜… + +EDIT: 40K each month in just equity funds. I've got FDs for emergency funds and I'm fine with EPF, PPF and NPS as the debt portion of my portfolio. +Last week Heineken upped their stake hold in United Breweries up to 61.5%. Their projection - India's beer market is a long term game. While I am positive about consumption gains for sure, I really do not know how to look at this from the government policy perspective. + +Also, going by long term investing principles - How would you evaluate the management at United Breweries until now and henceforth? +In my opinion the EU and especially Germany (electricity prices are the highest in the world for consumers) are in for a rude awakening for the need of some form of energy production/storage system to cover their base load. +Batteries are not suitable for this task and other forms are highly geographically dependent (Hydropower in Norway for example). +This leaves natural gas and nuclear power on the table. +Green Parties in the north of Europe seem to find a new liking to nuclear power and i think others will follow. +So my question is, what are the best ways to participate in a possible increase in the usage of nuclear power in your opinion? +We all hate commission fees and I hate getting charged everytime I buy and sell, however there are other things to consider. + +There are implicit costs such as the bid-ask spread. The bid-ask spread is the difference between the highest price a buyer is willing to pay for a stock and the lowest price the seller is willing to sell. Sometimes there are large spreads which means you may significantly more than the market price. I believe larger brokers have lower bid-ask spread. + +The interface and technology for investing is something to take into consideration too. Some banks have additional information on industry outlooks, screening, summary of company news, and big announcements, equity research. This may be something that can add extra value for you. + +You can invest right away if you transfer money into your investing account. If you see a stock you want to buy right away, this can add additional value. + +For people who buy and sell a lot, then commission-free brokerages might be the best option for you. But if you are like most people who buy indexes and hold and buy and sell stocks every once in a while, commission fees might not be the only thing you want to take into consideration. +I ran a gofundme campaign to collect money for the 7 yr old daughter of a close friend who past away suddonly last week. We collected EUR 10.000 so far. I expect a few more donations coming in the next few days and end up around the 11k,12k mark. What would be the best way to commence to make sure his daughter will have a a low risk payout when she turns 18? Does anybody also have any experience with taxes? The money money has been donated by about 100 people, 1k was the highest single person donation. If I understand it correctly, for taxes this would all be seen as individual small donations that should be free of taxation. + +Edit: To make it clear. My friend past away. He left behind a 7 year old daughter. Funeral has been paid for. The money from the gofundme is for his daughter, so there are funds for college, travelling, investing in a carreer when she turns 18. +Throwaway account. I'm 44 years old. My net worth is just over $20M and i spend about $500K a year. I know i'm very lucky to be in this position. + +My initial goal was $10M to FIRE. Now I have double that amount and I'm still working. I make about $3M a year and now I'm thinking I should work until I have $25M, which should be in year or two (unless the market crashes). Am I crazy? I justify working by saying my three kids will need to work 10 or 20 years to earn what I can in a year. A part of me says to wait to retire until after the market crashes, to make sure I have enough after the crash. I guess I'm just afraid to retire because I worked really hard to get to this position. My job is hard, but not harder than most and it's lucrative. I've given my sister over $100K per year for the last 5 yrs (she needs to work a year to earn that amount) and I earn it in less than a month. Again, I know I'm lucky and I just wondering if others have the same experience/fear. +Not going to post too much bc I havenā€™t done the most DD. However, want an honest take on Corsair, the high growth, reasonably valued, leader in the quickly growing gaming industry. + +Their income and revenue keep getting better and better, and even if it slowed a bit the numbers would be impressive. + +Gaming is here to stay as so many people are into it and more will especially as esports continues to grow in popularity. + +20% market share in PC peripherals +40% share in PC components. +May not be the biggest moat, but they have a lot of share and brand equity that should help them retain and even grow this position long with competitor Logitech. + +Havenā€™t gone super in depth with financials but they keep paying off debt. And just really love the growth numbers with a P/E at around 20 right now making it more of a bargain compared to very low growth value stocks like Clorox . + +Am I missing something important or could this be a good buy? had some money to play with so have a small position but if it looks good would be willing to put more in. I know it was a WSB meme stock, but it really looks like a solid company with great numbers and reasonable value in this market. Thanks in advance for the feedback! +I have some kind of parasite to check how giant companies looked in their annual reports at the beginning. + +Retrospective of course, the potential of Netflix was insanely visible in their annual report, they had tens of thousands of movies available, subscriptions based payments, biggest DVD rental in US at the time and its revenues been doubling each year along with huge annual increase in their sub count. + +I know it is usually goes against the value investing ā€œrulesā€ such as minimum 10 years since IPO etc, but I also remember that charlie and buffett regret to this day how they missed the potential of giants such as google. They literally implied that they were kinda ignorant towards google and this probably one of their biggest mistakes. + +Automatically disregard companies because they arenā€™t minimum 10 years around seem kinda weird to me, I mean, value investing should be as viable in a 4 years post ipo company as much as 50 years company. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I like frequently updating my net worth spreadsheet because it's been satisfying to see the number snowball up, especially over the bull run over the past few years. But now I can't remember the last time I updated it! Watching it go down so much has been hard to watch, but obviously the strategy is still the same and need to keep maxing out the accounts. On that note I've also noticed there are a lot less "$100k/$200k/$500k net worth milestone achieved" posts this year lol. +Late April, I started recording all of my option trades. + +My philosophy is to run the wheel: Sell CSP mostly on stocks I don't mind owning (between 65-70% Chance of Profit). I close the trade if I gain 50% with 50%+ DTE left. If the CC/CSP takes a while to depreciate, I sometimes hold until expiry to collect as much premium as possible. If assigned, I sell CCs as far as possible (80%+ Chance of Profit). + +&#x200B; + +Here is a summary of all option trades I made in 2021: + +&#x200B; + +\- Starting Capital: $20k + +\- Most Traded Options Strategy: The Wheel (31 CCs and 21 CSPs) + +\- Most traded Ticker: SOXL (26 trades) + +\- Median DTE: 32 days (median to account for LEAPS outliers) + +\- Average days held: 13 days + +\- Average profit: $151 (total profit for the year: $9381) + +\- Average % return: 49.4% + +\- Wins : 49 vs Losses : 4 + +&#x200B; + +Table with all **of** my option trades: + +&#x200B; + +|**Symbol**|**Type**|**Opened**|**DTE**|**Days Held**|**Premium**|**P/L**|**% Profit**| +|:-|:-|:-|:-|:-|:-|:-|:-| +|SOXL|Covered Call|12-22-21|16|3|410|205|50%| +|SOXL|CASH SECURED PUT|12-02-21|36|5|500|250|50.00%| +|TNA|CASH SECURED PUT|11-30-21|31|7|560|269|48.04%| +|SOXL|CASH SECURED PUT|11-29-21|32|0|610|300|49.18%| +|TNA|CASH SECURED PUT|11-29-21|32|0|300|300|100.00%| +|TNA|CALL CREDIT SPREAD|11-01-21|32|23|500|400|80.00%| +|SOXL|COVERED CALL|10-13-21|30|47|660|660|100.00%| +|PLTR|COVERED CALL|10-12-21|24|0|41|26|63.41%| +|SOXL|COVERED CALL|10-05-21|31|7|405|210|51.85%| +|SOXL|CASH SECURED PUT|10-01-21|42|13|420|185|44.05%| +|TNA|CASH SECURED PUT|09-28-21|38|16|805|440|54.66%| +|SOXL|CASH SECURED PUT|09-28-21|38|9|410|205|50.00%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|275|270|98.18%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|420|340|80.95%| +|TNA|CASH SECURED PUT|09-21-21|38|1|480|180|37.50%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|GME|CALL CREDIT SPREAD|09-08-21|2|1|225|200|88.89%| +|SOXL|COVERED CALL|09-27-21|32|1|308|153|49.68%| +|SOXL|COVERED CALL|09-23-21|36|5|550|270|49.09%| +|SOXL|CASH SECURED PUT|09-21-21|59|2|840|340|40.48%| +|TNA|CASH SECURED PUT|08-12-21|22|13|480|240|50.00%| +|SOXL|COVERED CALL|09-15-21|30|6|420|230|54.76%| +|SOXL|CASH SECURED PUT|09-08-21|37|7|370|165|44.59%| +|TNA|CASH SECURED PUT|08-04-21|30|2|500|250|50.00%| +|WISH|COVERED CALL|08-31-21|38|21|33|25|75.76%| +|VLDR|COVERED CALL|08-25-21|205|104|90|70|77.78%| +|SOXL|COVERED CALL|08-23-21|25|23|200|10|5.00%| +|WISH|LONG NAKED CALL|08-13-21|161|18|1078|\-63|\-5.84%| +|SOXL|CASH SECURED PUT|08-12-21|36|12|300|150|50.00%| +|AMC|CALL CREDIT SPREAD|08-09-21|4|1|4.95|0|0.00%| +|SOXL|COVERED CALL|07-29-21|22|14|201|111|55.22%| +|PLTR|COVERED CALL|07-20-21|87|65|52|\-82|\-157.69%| +|WISH|COVERED CALL|07-20-21|38|24|95|89|93.68%| +|SOXL|PUT CREDIT SPREAD|07-19-21|60|1|50|0|0.00%| +|TNA|CASH SECURED PUT|07-16-21|42|12|230|96|41.74%| +|VLDR|COVERED CALL|07-15-21|29|4|35|20|57.14%| +|SOXL|CASH SECURED PUT|07-15-21|36|8|170|70|41.18%| +|PLTR|COVERED CALL|07-12-21|32|8|25|13|52.00%| +|SOXL|COVERED CALL|07-07-21|44|9|310|160|51.61%| +|WISH|COVERED CALL|07-07-21|100|13|50|31|62.00%| +|PLTR|COVERED CALL|07-06-21|10|6|10|8|80.00%| +|SOXL|CASH SECURED PUT|07-02-21|49|27|620|280|45.16%| +|VLDR|COVERED CALL|06-29-21|52|14|95|70|73.68%| +|AMD|LONG NAKED CALL|06-22-21|178|7|784|456|58.16%| +|WISH|COVERED CALL|06-16-21|30|20|45|40|88.89%| +|WISH|CASH SECURED PUT|06-16-21|30|5|86|56|65.12%| +|FAS|CASH SECURED PUT|06-14-21|32|17|810|0|0.00%| +|PLTR|COVERED CALL|06-14-21|32|22|40|31|77.50%| +|GME|CALL CREDIT SPREAD|06-09-21|2|1|600|432|72.00%| +|VLDR|CASH SECURED PUT|06-09-21|9|7|28|13|46.43%| +|VLDR|LONG NAKED PUT|06-09-21|9|0|350|70|20.00%| +|PLTR|COVERED CALL|06-07-21|25|10|35|12|34.29%| +|VLDR|COVERED CALL|06-07-21|39|22|30|20|66.67%| +|SOXL|COVERED CALL|06-03-21|43|18|235|120|51.06%| +|SOXL|COVERED CALL|05-24-21|25|10|210|\-25|\-11.90%| +|VLDR|LONG NAKED CALL|05-13-21|218|4|470|130|27.66%| +|VLDR|LONG NAKED CALL|05-04-21|227|35|1440|\-20|\-1.39%| +|PLTR|COVERED CALL|04-28-21|30|15|39|35|89.74%| +|VLDR|COVERED CALL|04-28-21|23|16|160|117|73.13%| +|TNA|COVERED CALL|04-28-21|23|15|270|200|74.07%| + +&#x200B; +Me and my partner, mid-late 30s, earn about 330k combined at comfortable jobs (I'm in academia). Maybe that's not that much for this board, but I have a little over 1.5 mil in index funds (1 mil of that from cryptocurrency) and 500k in real estate, he has a little over 1 mil in index funds, together we're at maybe 3.2-3.3 mil net worth or something like that. And we live in a country that has a lower cost of living than the US, so it goes a bit farther, though I've quoted all the above in USD. + + +Here's the thing: I don't think we'd ever quit - we work for fun not for money. My day job is interesting, it's my social club, and I've been bad enough at keeping a work/life balance that I'd lose all my friends if I left. I put in about 40-50 hours a week of solid work - not counting lunch breaks and the like. So it's actually a bit strenuous, but I feel like work has honestly been good for me. I was reading an old thread about someone playing a lot of video games and I kind of worry that without my day job, I'd probably get more and more into writing code for obscure projects that would never see the light of day, sitting in my pj's in my basement, and one day I'd regret it. + + +So what am I missing out on? Are we totally brainwashed to keep our jobs? Or is it okay to keep working if you genuinely enjoy it? And how can you tell if you really enjoy it or if you've just been in a cult for too long? Let's face it, some careers are pretty culty. Although now that I've described my programming side hobby, I guess all my interests are intense and culty. But is there something I'm missing? + + +P.S. I used to work for government and found it very unpleasant because it was so boring and no one was ambitious. It was deeply depressing. So, low-effort jobs probably aren't for me. I like the excitement of chasing something, and the nice thing about my day job is that I can chase something on my own schedule and with autonomy. Kind of like being a serial entrepreneur except with a soft landing when you fail. +I was just reading [this aticle](https://economictimes.indiatimes.com/news/company/corporate-trends/videocon-insolvency-creditors-to-take-96-haircut-on-dues-nclt-requests-increase-in-pay-out/articleshow/83561586.cms) and talks about how creditors are getting a 96% haircut. + +What I do not understand is, how is it possible that such a large company like Videocon has so little assets? It had claims for 71k crores, but they are getting only 3k crores back. So I am assuming their assets are worth only 3k. + +How can a company borrow around 70k with assets worth only 3k. + +Or am I missing something here? I am trying to understand how insolvency works now a days in India and how it has to be accounted when evaluating a company. So any help in understanding it would be greatly appreciated. +So, nobody knows that I daytrade and make loss porn everyday. I keep it to myself and to strangers on the internet. But today, I made the mistake of telling one of my friends that I do this. She asked me, when I was doing this and for how long, I told I was doing this since November and made this much in losses and this much in gains. And she is like, "You only made this much! Why don't you invest instead of trading and then she told me about some crypto influencer who told her and her husband to invest in a coin and it skyrocketed and she told me she would send me details of that account and she said that guy doesn't give free advice and charges for 1 to 1 interaction." + +&#x200B; + +Man, I have been investing in crypto since 2019, stock market since 2015 and tried learning day trading since last November. It's just been a few months. She is one of my clients and is from Germany. She runs a business and last year she did not make much money due to pandemic. I just explained that to her, that daytrading is a business too and I am just trying to learn it, and it may take years to see any return or never, (In reality I make daily returns only to give away everything to that one trade, still in learning phase, I guess most here can relate.) + +But, are people that naive in real world? Who in their right minds would take investment advice from strangers on the internet? Do normal people behave like this? See, initially I got scammed a lot in crypto space, investing in coins(not pump and dump shit coins) but coins with actual products. I invested in a lot of coins, in which I am yet to see a good return over a period of almost 6-7 months.This is why I don't trust investing that much, because nobody knows what the price will be tomorrow. + +Day trading is a skill, and it is the hardest skill to master. I am so shocked at people's expectations. Atleast some daytraders do some Math and have some realistic goals which are based on foundations,But it seems like everyone else in the outside world just expects to daytrade in a day and make millions. She told me, "I will see if you become a millionaire within a year or not." I was shocked. + +Seriously folks, do not talk about day trading with anyone else. It is only going to demotivate you from your goals and set you off from your track.Has anybody experienced this ever? I would like to know your experiences talking about crypto to everyone. +I was pretty happy to see Kenny g burning the candle at both ends to try to squirm out of this, but the amount of low karma (bought) reddit accounts blasting citadel's late night work hours tells me otherwise. I am naturally skeptical and my spidey sense is tingling. Also, the crypto market crashed. Like all of them. I do believe in coincidences. They DO happen. But this is all a little sus. My plan hasn't changed. BUY & HODL. But I don't think apes should get too hyped here. The shortie's only weapons are FUD, FOMO & BOREDOM. To me, this seems like it's the premeditated manufacturing of one of those. We could be in for another flat or down week. Prepare your minds for more of the same, because that is just as possible. + + +Edit: Thanks for the awards guys and gals. I really don't get too many of these! +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! +What are your thoughts about the markets future after this WSB gme event. I have a feeling this wont be the last time we see something like this. The people realize how much power they have and the hatred for the 1% grows stronger daily. Excited to see what happens! +I'm no expert, but this simple change in thought has saved me more money over the past year than ever before. + +I was constantly thinking of ways to make more money in life, and would do anything it took to create multiple incomes. + +I was saving, but not really actively focused on it. + +I would just save what I planned to, and spend my budget as freely as possible. + +I then had a thought that if I actively tried to save and make better decisions under my budget, it would be like making money. + +I guess what it boils down to is this - + +Just because you have a budget, doesn't mean you need to spend all of it. + +I know that's a fundamental idea, but I never realized how just changing my thought process would make it that much more enjoyable to save. + +Now I look at money saved as money made. + +Didn't buy lunch and ate at home? I just made $15. + +Didn't buy the more expensive brand and went with the generic version? I just made $7. + +Went to the movies on discount night and didn't get snacks? I just made $20. + +Constantly doing this has increased my savings dramatically, and its actually a fun concept to keep me motivated. +Edit: Misleading title due to a little lack of knowledge.The title should read: + +# SPY is on track to have had no gains by May/June 2022 from 2021. + +With all the inflation talk, I got to wondering what SPY would look like if it were adjusted for inflation. + +Naturally, I had to compare it to the unadjusted SPY price. + +[2018 - Present](https://preview.redd.it/ga71o0rylhn71.png?width=1352&format=png&auto=webp&s=e7bb6d14d191c22fb25294639e41d26a1b4bb848) + +[2000 - Present](https://preview.redd.it/22gsuzfblhn71.png?width=1366&format=png&auto=webp&s=ddf8c06f98622d8ca0492e2e153ec82d7f1f6d99) + +I was shocked to find that sometime between May and June of 2021, **SPY adjusted for inflation falls below the actual SPY price for the first time since the year 2000** (likely the first time ever). + +What this means is that ~~nobody invested in SPY (and likely most of the broader market) is actually making money.~~ if we continue at the same pace, by May/June 2022 SPY will have not realized gains. + +For those of you lost on what I mean by this; **the purchasing power of the dollar has fallen by so much, that it will exceed any gains seen while investing in SPY by May/June 2022.** + +I am no market expert, but if on average the people/entities in the market are not making money, then surely we are at a tipping point. + +I have been waiting to see if inflation would go to 7-8% and surpass real growth. But little did I know, it had already done so. I just needed to do the comparison. + +As a slight counter DD to myself, it's reasonable to presume that perhaps the large entities in the market may not be affected as much due to the way CPI is calculated and is mostly relevant only to those engaged in those markets. However, if we assume that the CPI is very close to true inflation across the board, then the original point of this post still stands. + +# Opinion: + +I personally believe that this is a big deal, but I'm curious to hear what others think. In my mind, if the majority of people on wall st. are starting to not making money, then something has to break and break it will. I suspect this will encourage the selling off of debt for corporations as they try and weather out the months on end where they are not making money in the market as they usually would. Those who choose not to sell off will have to increase their leverage even further to make any profit, thereby making the market further unstable. Since most of this inflation has happened in the last quarter, I expect sentiment in the market to shift rapidly as we head into Q4 (October 1st) as fund managers do the math for themselves and realize they are actually generally losing money by investing in the market. Let me know what you guys think. + +Inflation-adjusted data sourced from:[https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month](https://www.multpl.com/inflation-adjusted-s-p-500/table/by-month) + +&#x200B; + +Edit: Some of you in the comments are calling this post misinformation because I did not know the correct way in which inflation data was calculated. Let me explain to you one simple thing. I did not calculate the inflation-adjusted data myself. It was calculated by the source I posted above. I have reviewed how they calculate this and so far as I can tell, it is correct. It makes no difference how I believed it was calculated. Now if you guys have a problem with how the website has calculated their figures, then I suggest you look into how they've done that and comment back here. + +Edit2: Since we have cleared up the fact that my data is not wrong, some have pointed out that my assumptions in the title and body are incorrect, and you'd be correct. The fact is, technically, you would have still made gains investing in SPY. HOWEVER, and this is a big however, the revised interpretation of this data is that SPY is ON TRACK to have had no buying power gains by May/June 2022. +I do not care about a bank if you're simply depositing money into a checking and savings account, with possibly a self-serve brokerage account, with no real unique banking experience compared to the average American with standard, retail banking usage. + +I'm more curious about, whose using a bank, maybe a private bank, or any bank, they moved to because it provided them with X, Y, and Z, product, service, relationship or tool, and they're really getting great service and would only bank with them for very specific reasons. Like how are you taking advantage of your bank, why do you love them, what is really making them special for you, and what are they doing with you that you did not get elsewhere? + +For example, I'm recently switching banks because one is way more friendly to real estate developers, that's very strong on real estate lending, which that's what I'll be focusing on in my business. They completely suck on brokerage accounts, and I have that somewhere else. My bank doesn't even provide credit cards, but that doesn't matter to me. And I'm happy with the new bank I'm at. I'm curious for the others, what's your banking like, why do you love them? **Who has found a unique bank that fits their needs and what are those?** + +I don't know what I don't know. Is there some banks doing crazy things for people that I don't know about, and it's something I could also take advantage of? **I'd love to hear about** ***how you're getting the MOST OUT OF YOUR BANKING***. +Iā€™m 22 years old, I make about 800 weekly working with my parents, weā€™re immigrants that came to the US about 12 years ago. If youā€™re an immigrant too Iā€™m sure you carry a lot of weight to make your parents proud and hope to make it bigger than they could. The thing is that we own a business that gives the family about 120k in gross income net worth comes down to 80k but out of that Iā€™m able to make around 38k before taxes. The thing is that I donā€™t hate what we do for a living is just that is not my passion. I try but I canā€™t seem to see what else to do or how to invest my money. I donā€™t want to disappoint them by doing something else that Iā€™m happy with. What would you guys do in my shoes? Where would yā€™all put your money in? Iā€™m definitely trying the 50% 30% 20% but more like 70% 30% Iā€™m in pursuit of FIRE thank you guys +Several years ago, I bought a very small property in California with a 8 year private loan from the seller. Amortized 30 yrs, with a ballon payment at the end. + +The first 7.5 years, no issue. + +Couple months ago, the seller/private lender disappeared on me. Up until then, all the checks I mailed her was cashed. I tried registered mail twice, postal service bounced back - said no such person lived at the address. I tried writing her son with registered mail to learn about his momā€™s where-about, but no reply. + +The 5 year note is due in April, 2021. + +I am happy to pay off the remaining small amount to receive the title - to be done with the loan. + +Any one had experiences where the private lender ghosted you? I donā€™t know how to pay my private lender to get my title. Do I need to go to court? +https://chainstoreage.com/amazons-bid-compete-uber-uk-approved + +> British regulatory authorities have reportedly cleared Amazonā€™s purchase of a minority stake in an online U.K. food delivery startup. +> +> According to CNBC, a $575 million Series G funding round in Deliveroo which Amazon initially led in May 2019 has received final approval from the U.K.ā€™s Competition and Markets Authority (CMA). The CMA halted the investment in July 2019 and initiated a formal investigation of potential competitive conflicts in December 2019. +> +> Amazon will receive a 16% stake in Deliveroo, which has raised $1.53 billion to date. A corporate spokesperson told CNBC Deliveroo will use the new infusion of cash to ā€œincrease choice and value for customers, support for restaurants, andā€¦offer more riders the flexible work they value as the company expands.ā€ +> +> Launched in 2013, Deliveroo competes in the U.K. with Uber Eats and other on-demand food delivery services. The company also operates in global markets including Australia, Belgium, France, Germany, Hong Kong, Italy, Ireland, Netherlands, Singapore, Spain, Taiwan, United Arab Emirates, and Kuwait, as well as the U.K. +> +> In addition to providing on-demand online delivery for restaurants, Deliveroo offers services in certain markets such as delivery-only kitchens and consumer storefronts. In December 2019, it opened its first restaurant, in Hong Kong. +I'm interested in grad school working with data but the problems arising in economics fascinate me. So my ideal future would be using the power of statistics to data related to an economic issue/problem. + +My only question, however, is that econometrics and statistics look very similar to one another and the difference seems as if it's only a matter of the type of data. Would this be accurate to say? In what ways does an econometrician differ from a statistician working with economic data? Is there a difference at all? If so, is there a difference in approach or philosophy? Thanks! +I would like to go into a career of Data Analytics or something similar but it seems as if I'm not qualified for any positions I find. I figured that going to grad school will help with this, which has always been something I've wanted to do, but I also feel like getting work experience first is wiser. What kind of position should I start? Should I just skip straight to grad school? +My job was to handle client comments and complaints as they related to market structure, order execution, exchange rules and house (brokerage) rules. I'd review the situation and make a ruling on if any action should be taken to cancel or adjust an order or explain to the client why they were due what they got. + + +Let me preface this with two comments: + + +1. The volatility in crypto is magnitudes greater than almost any other exchange tradeable product. If you can't handle this, crypto is not suitable for you. + + +2. The "regulation" and safeguards in crypto are magnitudes less than any other product out there. They are near non-existent. If you can't comprehend this, crypto isn't suitable for you. + + +Sooooo.....you were affected by the GDAX "flash crash" yesterday, what are your complaints and what are you due? + +Q1. I couldn't get into my account when this happened, therefore some of these trades shouldn't be due. + + +A1. Wrong. System access is never guaranteed, it's in the ToS, you have no legal basis on any remittance for not being able to access your account. + + +Q2. I had a stop order in, GDAX was negligent in how it executed, therefore it should not be due. + + +A2. Wrong. GDAX would have been negligent in not executing your order at the best bid. You instructed GDAX to liquidate, no matter what the price, at the best bid possible if a certain stop price was met. For a split second that best bid was $.10 and they had standing instructions from you to execute at the best bid. Just because you could not envision the best bid being $.10 doesn't mean they were negligent. Somebody out there did envision a world in which they were the best bid at $.10 and they are a millionaire today for that vision. Lack of liquidity and instructions by clients to execute orders at indiscriminate prices are not GDAX's fault. + + +Q3. GDAX should have given us a time buffer before they start liquidating margin calls OR GDAX shouldn't have executed margin calls at market prices. + + +A3. Wrong. You borrowed money from GDAX on GDAX's terms. GDAX is a business, when they loan you money, they take on risk. They have the right to manage that risk however they want and in this case, it's to sell you out at the market if a call is generated. You agreed to this, it's not their fault for playing by the agreed upon rules. + + +I'd be more than happy to discuss any other topics regarding this sort of thing. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +I compared three Nifty 50 Index funds on Zerodha Coin. There are differences in the CAGR. These are underlined in the image below: + +[Fund Comparison: UTI vs. Navi vs. Tata (imgur link)](https://imgur.com/a/MGAAaKD) + +What causes this difference in the CAGRs? Is it tracking errors? + +As a follow up, which Nifty 50 index fund is the best? +Long story short Iā€™m going to be short on money until my new job starts. Iā€™m doing what I can with side jobs until the first paycheck comes in but I know itā€™s definitely not enough to pay the bills. + +If I have to skip paying bills which would be the best ones to skip until I can get caught up? + +We have car loans, credit card debt, student loans, and a mortgage. + +My parents co-signed on the student loans so I really donā€™t think I should skip those for their sake. + +Also, I have a toddler home with me right now, what are some quick ways to earn cash? Iā€™ll take any advice I can get cause I am panicking. + +I can turn in one of our vehicles but that means Iā€™ll have no way of transportation while my husband is at work. I know itā€™s temporary but itā€™s really stressing me out. + +I want to get this new job, pay off all my debt, and start being better financially. +An introduction to the GLITCHYBSC network. + +Glitchy is a new way to earn BNB rewards simply by holding the token in your Binance Smart Chain enabled wallet, without having your investment locked down for any period of time. + +Glitchy is a token based on the Binance Smart Chain, where buyers & sellers get taxed on each transaction, which profits all Glitchy holders. A part of the tax goes toward increasing liquidity, and another part gets reflected to all holders. A percentage of this also goes to the maintenance wallet, which will help grow the project via marketing and development, while another percentage gets sent to the contract BNB balance. The BNB balance gets distributed to all holders weekly! Without locking your investment down for any period! + +ā­ļøFREE BNB drops EVERY WEEK + +ā­ļøAll you do is invest and HOLD + +ā­ļøGlitchy DOES NOT LOCK YOUR INVESTMENT unlike other staking projects + +ā­ļøClaim Anytime through the week! Pot is reset on Mondays + +ā­ļøMake your money make money + +ā­ļøAMA coming soon + +ā­ļøTelegram and Twitter Giveaways! + +šŸ’Ž SUPPORT AND HOLD šŸ™ + +šŸŒŽ [CLICK HERE FOR PANCAKE SWAP](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +ā­ļø [BSCScan](https://bscscan.com/token/0x75dffAf163D67591fDCa3907a50655dB3a5516Ed) Contract + +0x75dffAf163D67591fDCa3907a50655dB3a5516Ed + +šŸ”§ INVESTORS ARE NOT LOCKED IN FOR ANY PERIOD + +šŸ“œ Market listings Applied + +šŸ“Š [Chart](https://dex.guru/token/0x75dffaf163d67591fdca3907a50655db3a5516ed-bsc) + +šŸ¦ [Twitter](https://twitter.com/GLITCHYBSC) + +šŸŒŽ [Telegram](https://t.me/glitchybsc) + +šŸŒŽ [Website](https://glitchy.wtf/) + +šŸŒŽ [Reddit](https://www.reddit.com/r/GLITCHYBSC/) + +šŸŒŽ [Pancake](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +šŸ’Ž 1% to GLITCHY family members + +šŸŽ 4.5% Liquidity + +šŸ¤ā€ Further 2.25% BNB rewards added to claim pot. + +šŸ’§ 2.25% Marketing and Maintenance Multisig + +šŸ”„ Regular Liquidity Burns + +šŸ’° Purchase it on PancakeSwap V2 + +āš™ļø Set Slippage to 11% + +ā­ļøBecome part of an uplifting community + +ā­ļøAudited contract + +ā­ļøMarketing development + +Glitchy uses the following tokenomic breakdown to power its system and provide the premier BNB reward platform, using a 10% slippage tax on buys and sells: + +1% Reflection/Redistribution of Glitchy Tokens to Glitchy Holders + +2.25% Added directly to the BNB Reward Pool + +2.25% Added directly to a multi-sig Maintenance Wallet used for Marketing/Airdrop/Promotions + +4.5% Added directly to BNB PancakeSwap Liquidity + +16% of the supply is burned. The burn wallet also accumulates Reflection/Redistribution tokens like any other Glitchy wallet, and those are manually burned to create a constant slow deflation of supply. + +Accumulating LP Tokens are manually burned as soon as they accumulate to approximately 10% of the available liquidity. + +**WHY GLITCHY?? Because Holders are Rewarded Fairly:** + +Other BNB Reward tokens penalize those who forget to claim, are unable to claim, or in the case of small stakeholders, when the gas fee to make the claim transaction outweighs the reward. Most of these tokens require users to claim daily ā€“ if these rewards are not claimed, they are typically redistributed to the other holders who in time can lay claim to them. This creates a disproportionate system where only the savvy or whale holders truly benefit. Glitchyā€™s foundational concept is fairness to all holders, whether crypto veterans or noobs, whales or small fish. + +Glitchy does not require users to claim in every cycle. Users BNB claims are distributed in proportion to their percentage of holdings of the total Glitchy supply, and the rewards generated every week belong entirely to the wallet that holds the Glitchy. BNB REWARDS ACCUMULATE IF THEY ARE NOT CLAIMED. For example, if a user were entitled to .5BNB Rewards in Week 1, chose not to claim, then was entitled to 1BNB in Week 2 and chose to claim, the entire reward would be 1.5BNB. + +The fundamental difference between Glitchy and other reward tokens on the market now is that Glitchy allows flexibility in the claim function and ensures that claims are never lost or taken by other holders. No other token does rewards like Glitchy. + +**No-Lock, No-Stake, No-Penalty:** + +Glitchy does not require any external staking or locking of funds in order to generate rewards. Your Glitchy stays exactly where it should ā€“ in your wallet, earning all the time. As explained above, BNB Rewards are never penalized (except in the case of a sell, where your percentage of holding decreases and Rewards will decrease accordingly in the following claim cycle). + +**Community and Outreach:** + +Glitchy has built a strong holder community through Telegram and Twitter. There are dedicated team members in development, marketing, and Telegram customer service. With a global group of holders and team members, Glitchy is able to execute marketing campaigns and answer user questions 24/7. + +Upcoming Marketing Campaigns include additional Reddit/Twitter postings and giveaways, crypto-focused YouTube promotions, AMAā€™s, and a redesign of the dApp with updated UI/UX. + +Glitchy is for Everyone. We invite you to join our community and experience True Passive Income for yourself. +Is there anything government can do to limit extraordinary rent increases? [This](https://www.cbc.ca/news/canada/new-brunswick/rent-apartment-moncton-increase-1.5773243) is an example of what am I asking about. Are there any policies governments can implement to prevent this? +Three things that led to this day. + +1) Sacrifice and determination to pay down our loans. + +2) Decent paying jobs where we didn't have to eat ramen, but we didn't buy many material things. + +3) We formulated our own method. You hear about the avalanche and snowball methods. We used both in a very calculated way. + +Targeting our highest interest loans with the lowest balances. So if you have 3 loans at 6.8%, throw extra money on the 5k loan before the 10k loans to get satisfaction of paying off a loan and saving the most on interest. + +Thanks for all your support over the years. It's been a tremendous help. +Yes, these companies pull all the levers and will do everything they can to protect themselves while siphoning more and more money from retail investors along the way. When you look at just that one part of this saga, it admittedly can feel like they are an unbeatable foe but if scroll out, you see something entirely different. + +I have read many times where apes equate what we are doing as going to war with these market makers and hedge funds. I don't see it that way. What I see here is the biggest siege in history against those that control and manipulate the stock market. A siege is not a war. A siege is a strategic position around a stronghold with the distinct purpose of suffocating the enemy's ability to supply themselves until they break. This is done by drying up their supply lines as you patiently watch the enemy inside the gates fall apart to the point they can no longer fight. At that point one of two things happens, those under siege surrender or the attacking force makes their move to finish them off. + +Apes are the siege army. But it gets even better. We are a distributed, self sustaining, independently owned and operated collection of random apes around the world conducting the siege. So whereas in an actual physical siege, there's a chance that an army sympathetic to those being squeezed will come in and break the lines from one flank or another, carving a safe path to the stronghold, we aren't like that. We are **EVERYWHERE**. We aren't choking the stronghold from right outside the gates. We are cutting off the supply lines from miles away in every direction. We are shutting down every road that leads to the stronghold, and because we are not one big coordinated group working under a single leader, we can't be broken by a single attack from the enemy. **They can't push through our lines because there are none for them to push through!!** + +They might do some damage here and there. They might drop the price enough for a few apes to sell and run from their post, but we have reserves coming every single day and those reserves pick up right where those that got scared left a small gap. But let's ignore those that might sell for the moment and consider those that will NEVER sell. That would be as if the opposing force smashed through a wall built along one supply line and found an exact copy of the now broken wall just behind it. They hit the next wall, only to see another wall behind that one. And so it goes. And maybe they will keep breaking these walls one after the other but there will always be another wall. At some point they run out of the supplies they need to break these walls. They no longer have the strength to crush even one more stone block. It's at that time they are now completely exposed, outside of their stronghold with no means of continuing the fight that it all comes to end. + +A siege takes time, and we have time. A siege takes patience and I have seen nothing short of infinite patience amongst the apes. Most importantly, a siege doesn't require you to fire a single shot. You just sit and wait.... and wait..... and wait while you choke the supply lines down to nothing and squeeze the opposing force until they can no longer sustain themselves. + +You all know how we choke the supply line. Now go and do it. +Throwaway account due to the sensitive nature of this post. + +Ok will try and get this out there as concise as possible, but please bear with me as it's difficult to articulate. For context - age 35, 3.5million NW, FF goal around 7. No dependents. + +About a year ago I burned out hard as a tech exec and decided to take a breather from work. My plan was to just live low for 1-2 years, enjoy a "mini retirement", and reground myself on what's important to me and what kind of professional adventures I'd like to jump into next. Great idea, right?? Little did I know, literally since the day I quit, I've been completely obsessed with trying to earn more money to the point where I haven't been able to enjoy ANY of this time away. Sports, time with friends, reading, playing music, time with my lady friend, starting a family; all of it feels empty and a waste of time unless I'm trying to earn more money. Every second I'm not spending mental energy on figuring out how to hit my NW goal I feel is a complete and utter waste of time and I feel extremely guilty for not "working". Funny though because the harder I "work and think" about what my next professional adventure/NW growing activity is going to be, the further I think I get from figuring it out, and then the cycle just repeats, and I don't actually get to enjoy any time "off" work. + +/rant + +Has anyone ever experienced anything like this? Any suggestions? I really don't want to feel this way anymore. I realize I can be asking a therapist this, but I don't know if they can really relate so am appealing to the random strangers on this sub instead as you've been quite helpful in the past. +Iā€™m on mobile, sorry about the format! I am currently freaking out because I saw a really weird money transfer on my bank statement from the 25th. I belong to a small credit union and have never had issues like this, but Iā€™m very confused and worried. I live on the west coast and this transfer says itā€™s going to a small credit union in Washington DC, a place Iā€™ve never been to (I looked up the bank and itā€™s definitely real). The weird part is, if this was a keylogger or something who stole my account info, why only transfer that amount and then do nothing for 2 days? Iā€™m shocked that my credit union didnā€™t alert me for suspicious activity because theyļæ½ļæ½ļæ½re usually so good about it. :( Iā€™ve already changed all my passwords for all my accounts and logged out of everything, and I may wipe my computer back to factory settings (in case itā€™s a keylogger). Anything else I can do in the meantime or has anyone else had this happen? My bank isnā€™t open yet and I froze all my cards, but I canā€™t freeze my actual account until Monday so Iā€™m just praying that this person doesnā€™t transfer more money before then... +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. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +On my current trajectory I should get to FATfire. I'm wondering if that means I should consider purchasing now, despite the buy/rent calculations, and assuming my life stays in the same direction. Would be looking at something up to 2M (with partner), but it's still kinda small, so kids would be tough. +I (21F) stupidly got an apartment with my brother (21M) and itā€™s quickly falling apart. We signed the lease in July and itā€™s been burning a massive hole in my pocket ever since. The apartment is $1000 a month ($500 each). I make about $1700 a month and my brother (used to) make around the same. + +I have been saving and making sure I have enough money for rent each month, but my brother has not done the same. When rent for September was due, my brother told me he was about $100 short, so I paid it. I told him he would need to pay me back and be smarter with his money. + +Rent for October was due a few days ago. I go to pay the money and ask him to put money in the account to pay. Thatā€™s when he tells me he lost his job 2 weeks and has $35 in his account. I had to pay $1000 by myself. Iā€™ve always known my brother is irresponsible but I thought heā€™d grown. + +Iā€™m honestly thinking of saving up to cancel the lease. Itā€™d be around ($2400) Itā€™s hard because we have two cats and I would have to rehome them. I just canā€™t see a way out of the this. My brother has offered to pay all of the rent for next month but all faith in him is lost. + +Any advice? I feel like Iā€™m stuck. +Hi everyone! As a personal project I've been working on building a [**free web app**](https://www.lazyfa.com) for stock market research and I wanted to share some updates I've made recently! + +First here are some of the things you can do with it: + +- [Get a quick overview of the price action, and a buy/sell/hold rating](https://i.imgur.com/CaRmSyG.png) +- [Learn what types of trading a company is good for and analyze their financial health and value](https://i.imgur.com/8FEk0fm.png) +- [See how a company stacks up to their closest competition](https://i.imgur.com/rY3Xwxj.png) +- Visualize [annual](https://i.imgur.com/8UhTMyf.png) and [quarterly](https://i.imgur.com/RR4Ln2c.png) data over time, and [export it to CSV](https://i.imgur.com/h9d34U4.png) so you can use it in your financial models, if you have any + +And now some awesome things I've added recently: + +- Added more trade cases to improve the buy/sell/hold algorithm +- Added per share and metric data support for [Fin3D 3D charting](https://i.imgur.com/p620g2g.gifv), which is awesome btw! +- Introduced the ChartMachine, which lets you do awesome stuff like: + - [Compare EPS over time for similar companies](https://i.imgur.com/JNTnuyV.png) + - Visualize a breakdown of a company's [assets](https://i.imgur.com/0822Uxs.png) or [debt](https://i.imgur.com/sjDbdJ2.png) over time + - Compare metrics like [book value per share](https://i.imgur.com/kKr4Dpv.png), current ratio, dividend yield and tons more over time, for similar companies + +I've obviously put a ton of time and work into this so I hope you all enjoy it! And yes it's completely free, all you need to do is [create an account](https://www.lazyfa.com) and enjoy! Keep in mind the ChartMachine and Fin3D are still in beta so please let me know if you notice any bugs :) + +Hope you all like it and feel free to share any questions! + +Cheers + +Edit: thanks for the silver and gold! + +Edit - Deleted background information because I'm getting lots of messages for handouts. + +Question: I want to raise my children to be driven, hard working, and financially successful. We have a very loving household and I'm sure they will be happy regardless. I agree with most of Robert Kiyosaki's approach to success from "Rich dad, poor dad." I want to make sure I raise my kids to be hard workers as I was. As I see it, there's really 3 approaches to parenting when wealthy: +1) Tell the kids they will get nothing. They have to go it alone and make what they want to out of life. Essentially this seeks to scare them into working hard. +2) Tell the kids that we expect them to work hard, but we will be there for them when they fail. Essentially this gives provides the kids with the full backing and support of our wealth and every advantage to succeed - they don't have to worry about working their way though college, so they can study harder. +3) Some middle ground between the two extremes. Honestly I don't know what this would look like. + +So how did you older parents approach parenting? Any advice on things that worked well? Any hard lessons you learned that didn't work well? + +Edit 2: I'm specifically looking for resources that others may have found helpful in the past. Books, websites, discussion forums, etc. +&#x200B; + +[Banner submission by u\/Lillywonkas ](https://preview.redd.it/fs0wmmhu14z61.png?width=960&format=png&auto=webp&s=0a93deaa9c1c55807fc6e648ee937bdb39312655) + +# Good Morning Superstonk!!! + +&#x200B; + + **Happy Saturday!! šŸš€šŸš€šŸš€šŸš€šŸš€** + +&#x200B; + + There was too much going on, we can only sticky 2 posts at a time to the top of the sub, and Lucy Komisar is amazing, so here's another Saturday Morning Post! + +# Drink plenty of water and spend some time outside today if you can!! + +# šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +https://preview.redd.it/wut0xawrd7z61.jpg?width=741&format=pjpg&auto=webp&s=400034afd0accf860e63bf4cf5bf5da871c75b74 + +# šŸšØImportant Update From Carl Hagberg Himself! šŸšØ + + Your lovely mod u/StonkU2 reached back out to Carl to ask how we can address the situation for Euroapes and everyone unable to vote their shares and, in spite of being on vacation, he responded with this advice šŸ‘‡ + + [**THIS IS A MUST READ POST ESPECIALLY IF YOU'VE TRIED TO VOTE AND YOU CAN'T!! EXTREMELY IMPORTANT!!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/?utm_source=share&utm_medium=web2x&context=3) + +āœ…VOTE YOUR SHARES AND GET YOUR FLAIRS!āœ… + +**Drop a comment below with !apevote! to get your special vote flair** + +**EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!!** + +*FYI this works anywhere in this sub, not just this one!* + +&#x200B; + +[**The Carl Hagberg Transcript is up and available!**](https://www.reddit.com/r/Superstonk/comments/nce9kq/carl_hagberg_ama_transcriptsummary_12/) HUGE SHOUTOUT to u/Bye_triangle and u/Leaglese for all the time and work on these transcripts. Your dedication to making sure every ape has access to this information is selfless and totally badass. Apes respect and appreciate you for that!! + +&#x200B; + +[**WE OWN THE FLOAT. WE CAN PROVE IT IF WE VOTE!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Another Epic AMA yesterday with Lucy Komisar hosted by u/Luridess! + +šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +[**Watch the AMA here!**](https://youtu.be/wKXWvEpnN34) + +# "I am very glad to be in touch with the people on Superstonk. I think that you all are doing a really good job in the absence of real mainstream journalism on this issue."- Lucy Komisar + +^(dryheavingohmygodshestalkingaboutus) + +&#x200B; + +[Investigative Journalist Lucy Komisar](https://preview.redd.it/4v8dz4xz84z61.jpg?width=1542&format=pjpg&auto=webp&s=99cca3fbb4eb51524d5792bcbcba86f13a63fcd9) + +We had a fantastic time hearing what Lucy had to say about us and about the issue of naked short selling, offshoring, and Gamestop. She had this to say and I think it cannot be understated how BIG OF A DEAL it is that someone of Lucy's caliber, who has been watching this unfold for longer than a lot of us have been alive, has this to say about naked short selling and the GME saga; + +# "In the end, as we go down through the years, the decades, it ends with Gamestop." + +*How's that for a hit of confirmation bias on your Saturday morning?* + +šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚ + +# KEEP THE AMA HYPE TRAIN ROLLING!! + +šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚šŸš‚ + +# [Tuesday at 4:30 pm eastern we have Attorney Wes Christian](http://www.csj-law.com/attorneys/jchristian.html)!! + +# šŸ“¢[AMA QUESTION THREAD IS NOW LIVE! SUBMIT QUESTIONS NOW!](https://www.reddit.com/r/Superstonk/comments/nczgbc/official_ama_wes_christian_with_special_guest/?utm_source=share&utm_medium=web2x&context=3) šŸ“¢ + +# His primary focus in the last 11 years has been suing Wall Street for fraud. + +&#x200B; + +Wes Christian is a Texas attorney with [an accent as big as his list of accomplishments](http://www.csj-law.com/attorneys/jchristian.html)! Once again I'm going to [shamelessly plug the old documentary Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU), where I first learned of Wes Christian along with all of the other OGs we've been talking to. And a fun fact... our former AMA guest and very favorite resident wrinkly brain, u/dlauer has served as an expert witness for Wes multiple times in the fight against naked short selling. They go way back... + +# Which is why we're having u/Dlauer cohost this AMA with his old pal Wes!! We are literally assembling the dream team here!! šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€ + +[^(did I mention Dave Lauer is one of us)](https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday/?utm_source=share&utm_medium=web2x&context=3)^(?) + +**The Wes Christian/Dlauer mashup AMA is next Tuesday, May 18 at 4:30 pm Eastern!!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/pt6w1u9a24z61.png?width=170&format=png&auto=webp&s=611ee64151ee1f696b1a91df61404839aab57b83) + +**Here's what Dr. T has to say about how she first met Wes in her book, Naked Short and Greedy:** + +**Chapter 3**: A Sidewalk CafĆ© in New York. At the request of a business colleague, I have coffee with a lawyer from Texas who tells me that a problem was about to blow up the financial markets: Wall Street brokers are using short sales and fails to deliver to grab the assets of American entrepreneurs. I feel a pang of guilt for not sticking it out to fix this before I left DTC in 1993. By 2003, it was a full-blown regulatory crisis! + +&#x200B; + +**The Napkin Story** + +*"One afternoon \[in late 2003\], my boss tells me he has just come from lunch with an old friend, Gary Jewell, a Houston-based lawyer. Gary said that he was in New York looking for someone who understands post-trade clearing and settlement, possibly someone who may have worked at the DTC. My boss recognizes the company name as part of my past work experience. He asks me to meet Gary over coffee. The two of them had run marathons in their younger days and my boss presents it to me as doing him a favor. Gary brought Wes Christian to that casual meeting.* + +*James "Wes" Christian, is a Senior Partner at Christian, Smith, & Jewell in Houston. If not for Wes, I may not ever have become aware that the crack in the system Ray Riley brought to me in 1993 was becoming a gaping chasm in 2003. Wes was born, raised, and educated in Texas. He comes complete with a pleasant drawl that belies his non-nonsense approach to the matter. Wes would lead a team of 65 lawyers as he eventually uncovered more than 1,200 hedge fund and offshore accounts working through more than 150 broker-dealers to strip mall and medium size public companies of their value."*\- Dr. Susanne Trimbath, Naked Short and Greedy. + +&#x200B; + +We are so honored, humbled, and thrilled to bring you these top-tier AMA guests! If only we could go back and tell our February selves how far we've come šŸ’– + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# This just in: Jeopardy asks better questions than Congress + +&#x200B; + +[What is short selling?](https://preview.redd.it/hsy88ob067z61.png?width=640&format=png&auto=webp&s=2695b2062c0bdd7f1449d37d6dacb0fb2b9eb660) + +&#x200B; + +Dr T on Twitter: They just had a clue about GameStop on Jeopardy. The correct question was "What is short selling?" They asked better questions than Congress! Brava, Lucy Komisar!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# šŸ“¢šŸ“¦International Giveaway Contest is closed but OPEN FOR VOTING THROUGH THE WEEKENDšŸ“¢šŸ“¦ + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +https://preview.redd.it/rgn8dez534z61.png?width=1300&format=png&auto=webp&s=c5a58a589f33692b0589e7ff96681f0f5e0dedaf + +&#x200B; + +Entries from around the world have been submitted for the chance to win a limited edition Gamestop Bananya Squeeze Plushy, complete with red bandana!! + +&#x200B; + +# Now I need you apes to go sort by New and (up)VOTE!! + +&#x200B; + +Winners will be announced Monday morning on the Superstonk Daily!! + +&#x200B; + +# [LINK TO THE MEME CONTEST HERE!! SORT BY NEW AND VOTE FOR YOUR FAVORITES!!](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# + +Memes will remain posted for voting and exposure through the weekend. Remember to sort by New if you're voting!! + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€* + +# ________________________________________________________________ + +# A note from your friendly local Pink Cat šŸˆ + +I want to say how proud I am of this community! The momentum has picked up, our bias has officially been confirmed, we know this is a matter of *wen* we moon, not if... all thanks to the overwhelming growth we've seen in the last couple of weeks and our amazing mod team. This is real, and you should feel confident in that as you peruse the sub, or as you interact with the people in your everyday life. *The only way the shorts get out of this like they always do, is by driving the company to bankruptcy like they always do.* **And don't forget that GME paid off all its long term debt a couple weeks ago.** Bankruptcy is *completely* off the table. In this unique scenario where we have the turnaround of a company with a dream team board of directors, the real unique situation here is THE APES ON REDDIT WITH DIAMOND HANDS. + +Do **NOT** forget where we came from. šŸ’ŽšŸ™ŒšŸš€ That's what got us here, and that's what will take us to Valhalla. Trust the company's plan and HODL. The professionals we are bringing on for AMAs are providing invaluable confirmation and validity to our sub and to apes (and ants!) everywhere. **The heart and energy of this sub is quite literally the catalyst.** By you buying a stock in a company you believe in, HODLing with diamond hands, and **VOTING YOUR SHARES**, you are literally creating the MOASS. + +&#x200B; + +**Do you understand that?** + +&#x200B; + +# šŸš€APES ARE THE CATALYSTšŸš€VOTING IS THE CATALYSTšŸš€ + +&#x200B; + +**BUY. HODL. VOTE.** + +&#x200B; + +https://preview.redd.it/4yh5eyygv3z61.png?width=599&format=png&auto=webp&s=6a593febf50d428236dffccc7ddc5d331aac235f + +The catalyst really has been inside us the whole time. āœŒ + +&#x200B; + +**No date or meeting or rule or new CEO or merger or margin call or ANY OF THIS WOULD EVEN EXIST IF IT WEREN'T FOR DIAMOND HANDS. šŸ’ŽšŸ™Œ** + +&#x200B; + +Even Lucy Komisar believes in us!! WE ARE ON THE RIGHT TRACK!! We have debunked every cult accusation and FUD tactic thrown at us since January. Is this what it feels like to ascend Mt. Olympus?? + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/ow8yej1ev3z61.png?width=554&format=png&auto=webp&s=4ae27c87854cd6873f0562e0eeb0d6faa061c8f7 + +&#x200B; + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +https://preview.redd.it/a5pxtzqoa7z61.jpg?width=840&format=pjpg&auto=webp&s=634f9f81ec00d947f6676804a96d4e1d8a71f2a1 + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# šŸšØ ... AND VOTE!!! šŸšØ +By multiple requests, here is a discussion of trend following on longer time frames! + +Some Housekeeping Points before we Begin: + +1. The code here will be at a more intermediate level and uses intraday data for the on balance volume calculation. The majority of this can be done with daily data. The API I use is no longer open to the public but there are a number of good choices, many of which will not be free. Use the search bar for more information. +2. I want to try putting the initial large code blocks in a comment rather than the body of the post. It makes it more readable in my opinion. Don't upvote the code so that it settles at the bottom. This will make it easier to see comments. The more immediately relevant code will be located in the body of the post. +3. I originally wrote the code for \~10 years of SPY minute data but only had 3 years on this computer. The sp500 hasn't really been flat during that time so I've used AAPL for this post. This didn't work as expected as the SPY data required VWAP data to get a distribution of slopes that were significantly different than the sideways trending data, whereas AAPL data performs better with observed end of day close. Keep this in mind for your own projects. + +The basic principle behind trend following is momentum, eg. assets that are going up will continue to go up. There is historical support for this, but macro/company specific information should always be considered. Typically, trend following will be a longer term, more investment type strategy. + +A simple example is to consider a portfolio made up of a basket of uncorrelated assets, such as the S&P 500, emerging markets, other developed markets, BTC, metals, small caps, etc. One of the more challenging questions is how to allocate limited amounts of capital. An approach that uses a momentum strategy would look to allocate capital according to the near-past performance of the assets in the basket, eg. take the percent change over some time frame, divide by the sum, and use those weights as your allocation. + +An important point is that left tail risk tends to be the same regardless of performance. There is no such thing as safe and "bargains" aren't a thing most of the time, at least historically. + +As this is algo trading, let's take a more nuanced, statistical look through the data. The main concepts that will be covered are: data smoothing and trend labeling on historical data, calculating volume weighted price and on balance volume (in a function block, see comment below), local linear regression, and visualization of features. Let's get started! + +The following uses 10 minute intraday data for AAPL from 2017-01-03 to 2021-03-16. Typically more granular data is used for OBV and VWAP calculation. I have a column labeled "TradingDay" which is just the day's date for each time period for each index. The first step will be to convert the intraday data to daily data. The imports and code can be found in the comment below. Normally, I would use higher frequency data when calculating OBV. + + _,obv,c,v = create_daily(data) #volume weighted not used; necessary for some data + x,y,lb = get_trends(c,10,3) #SPY requires nc=4; will discuss later. + +And the chart: + +&#x200B; + +[Let's just say if it were an element in wouldn't be carbon.](https://preview.redd.it/zplikbe0ihn61.png?width=1920&format=png&auto=webp&s=65591d1c36c440fc56b9ce58def57aaf85265b31) + +So, we now have a labeled dataset that is somewhat thrown off by recent trends relative to how stocks used to move prior to unlimited QE. The next thing to do is to start over with our daily data and use a smoothing technique that doesn't add in a look ahead bias. For this, we will use a Hull moving average, which tends to work well as a trend indicator. Here is the code to create the HMA as well as prep our data for further analysis: + + def hma(c,w): #c is ndarray of close prices; w is lookback window for EMA + cs = pd.Series(c) + ema1 = 2*cs.ewm(span=w//2).mean()-cs.ewm(span=w).mean() + h = ema1.ewm(span=int(np.sqrt(w))).mean() + return h + + def prep_data(c,vol,lb,h_lookback=20,lr_lookback=10): + if len(set(lb))==4: #Used for SP500 shenanigans + lb2 = lb.copy() + for i in range(1,4): + lb2[lb2==i] = i-1 + elif len(set(lb))==3: #Used in this example + lb2 = lb.copy() + else: + print("Not implemented") #Stop doing that! + return + + h = hma(c,h_lookback) #Hull Moving Average + + #Get Rolling Linear Regression + def lreg(y): return np.polyfit(np.arange(len(y)),y,1)[0] #Gets Slope of line + m = h.rolling(lr_lookback).apply(lreg).values #essentially a for loop!!! + + m = m[9:] #drops NaN values + lb3 = lb2[-len(m):] #Equal length array + + up,side = np.where(lb3==2)[0],np.where(lb3==1)[0] + m_up,m_side = m[up],m[side] + + v = vol[-len(lb3):] + v_up,v_side = v[up],v[side] + + return m,m_up,m_side,v_up,v_side,lb3 + + #For this example we will only look at observed price and OBV + m,m_up,m_side,obv_up,obv_side,lb3 = prep_data(c,obv) + +Some theory: We can easily tell by looking at a chart whether the price has been going up over time, or not. The computer cannot. So, we need a way to put in a consistent input and get a consistent output back out. A rolling linear regression is one option to solve this. Another possible choice is to use just the first and last point in our lookback window and get the angle between them. This would potentially catch an uptrend faster than a least squares approach that will necessarily have some lag, but will be much more vulnerable to whipsaws. As always, domain knowledge should be your guide on how to implement this. + +Let's visualize some of this data before continuing. Uptrend in Blue and Sideways in Orange/Red: + +&#x200B; + +[Histograms Comparing Observed Close and Volume Weighted Price](https://preview.redd.it/9td7mimelhn61.png?width=1920&format=png&auto=webp&s=29a4280b81f7898cbeb862af60ffb9855774ed96) + +&#x200B; + +[Fitted \(Normal\) Distribution to the Slope Values \(Observed End of Day\)](https://preview.redd.it/eygsw1mjlhn61.png?width=1920&format=png&auto=webp&s=511dc23a81a5c602858bea5d40359b1499864c9a) + +&#x200B; + +[On - Balance Volume Comparison](https://preview.redd.it/oponhdbnlhn61.png?width=1920&format=png&auto=webp&s=df4d53725aefc0e2756fc83240d4f82dc59b0967) + +&#x200B; + +[Observed Volume Comparison](https://preview.redd.it/ps1jmjotlhn61.png?width=1920&format=png&auto=webp&s=61a55861ad32c51cec24a04868d28f1065c032eb) + +Quick sidebar: I did the math, and the slopes obtained from end of day close were more predictive. It can be difficult to tell by looking at the histograms alone. The SPY data I was looking at earlier was very much the opposite. Similarly, the OBV and observed volumes for SPY were near identical and were not predictive. The opposite is the case here. + +&#x200B; + +[Probability of Uptrend vs. Slope Value](https://preview.redd.it/a5fswocimhn61.png?width=1920&format=png&auto=webp&s=c1aa3fdeca26d9f95e817c70352e87035155f9d0) + +Last year really did a number on the data and the ability to analyze it easily. However, we can see that there is some predictive power in the slope and volume features. By predictive, I mean at current time, not future. Predicting future trend is not a wise use of time. + +One other feature that we can look at is the difference between current price and a moving average. + + cc = pd.Series(c) + ema_list [cc.ewm(span=x).mean() for x in [20,50,100,200]] + dd = [c-x for x in ema_list] + + d1 = dd[1][np.where(lb==2)[0]] + d2 = dd[2][np.where(lb==1)[0]] + + plt.hist(d1,bins='auto',density=True,alpha=.5); + plt.hist(d2,bins='auto',density=True,alpha=.5); + plt.show() + +&#x200B; + +[Current Price - EMA50](https://preview.redd.it/2ns1lh3l1ln61.png?width=1920&format=png&auto=webp&s=106b707a01da6bd83c744ddda6651f7e5671521f) + +As expected, the difference between price and moving average should have a larger positive value during an uptrend than a downtrend. We can also look at historic difference between price and moving average on all data: + +&#x200B; + +[Like I said, 2020 complicated things](https://preview.redd.it/cqq7a4vr7ln61.png?width=1920&format=png&auto=webp&s=7a75a4a9018872363a0d305df82e6ff48526d3e0) + +Prior to last year, there was a pretty nice channel where the price would only diverge so much from the moving average. Mean reversion strategies worked pretty well. The manner that the equilibrium returns to the mean can't be known (correction, trading sideways until MA catches up, etc.), but it can help in timing capital allocation. + +Overview: + +What the above charts show us is that the difference between a ranging asset and a trending asset is fairly minimal until a significant value is reached. This should be somewhat unsurprising as if it were easy to classify a trend, you could essentially print money. Normally you need to be a chairman of something before you get that privilege. + +However, there are features here that can be used to help confirm that an asset is in a trend. By looking at the probabilities, it is possible to choose threshold values. + +Things to keep in mind: + +1. Past success does not equal future success, but it often correlates. +2. The last decade was great for the S&P. Be aware of that in any model you create and always look into uncorrelated assets. +3. I prefer trending strategies on indexes (ETFs) rather than equities. "Benchmark" assets can count as well which is why I used AAPL here. Indexes are a more reasonable way to apply these techniques but don't offer the convenient visualizations with limited data. +4. No fancy models are required here. You can calculate the probabilities directly. +5. Trend following is often used alongside DCA. + +&#x200B; + +This post got long in a hurry. I hope it was helpful and I will get to any questions as time permits! + +&#x200B; + +Edit1: I forgot to add the difference between price and EMA originally. +I am shamelessly karma mooching off of u/robbieimmutableā€™s post tonight to acknowledge what I see as the enormous importance of GameStopā€™s NFT partner choosing to drop exclusive info on our very own, dearest superstonk. + +First, itā€™s obviously super legitimizing for this community. + +Second, think about what this community is and who has posted here historically, and what that suggests about this new post. So far, to my knowledge, Dave Lauer and Dr. T have been perhaps the most public figures to contribute to this sub. They are both policy wonks and highly intelligent economic minds. Our other OGs are DD authors who focus intensely on market manipulation and evidence supporting MOASS, and a guy who put a banana in his butt. + +This is the community that Immutable, GameStopā€™s NFT partner, chose to address first. This to me suggests that the NFT team sees apes as an important contingent and factor in the upcoming launch. This is super exciting, and, if I dare dream, an indication that perhaps the NFT marketplace fits side-by-side with GME DD in ways we had only ever dreamed. + +Peace and love and NFT. LFG. +Down by 13.6% to $10.70 + +Holy cow, that is a horrible drop on top of the massive drop it had last Friday. + +is the sky really falling for this dividend darling? +Post MOASS, GME shareholders (apes) should make sure, that GameStop employees will be paid a fair wage and have a union. Most people despise Amazon for their worker exploitation and abysmal working conditions, and for good reason. + +Pissing in bottles and being under constant stress... That shit ends after MOASS. If GameStop provides solid wages, workers will flock to the company. Amazon will either have to follow suit, or get decimated. + +I do think, that RC knows this, but it is extremely important, that shareholders, mostly retail, pursue this goal. Like many of you, I am deeply invested in this company's future, and I would like to see its employees being treated well. + +After all, they are the wheels that make it all go 'round. +Is this a dumb strategy? I'm a bit ignorant of finance. But really tired of paying so much to someone else's equity. I just want my own place. + +I work remotely so I can go wherever. Currently I earn $125k before taxes but don't have much savings due to extended education and bad spending habits (edit - my spending habits aren't the main issue here, what I meant is I was a professional student with low stipend, below poverty level, who ate out a lot and had a dog with $$$ medical issues, he's dead now, I'm not compulsive shopping or anything like that). The city I live in, studios end up being about $2k+ for a decent situation. I'd rather not live in a tiny/dark apartment (minimum $1500ish for worst studios) because I work from home so I'm there the vast majority of the time. + + I could go live in remote Alaska rent free (gorgeous comfortable house and location) and work remotely and save as much as possible for a while (nothing to spend it on...), then return to the big city to purchase a home in a year. I have lots of airline miles so I could visit the big city every once in a while. I grew up in Alaska and visit from time to time so I know what I'd be getting into. Would look forward to the nature time. + +Alternatively, I enjoy my work but could potentially jump to $180k if I went to a different company. That company would also let me work from Alaska - in fact the founder has been "joking" about doing the same thing for years. I feel bad bailing on my projects because they help lots of people. I've only been there less than a year and am leading a big project and sharing lead on multiple others. I already told my job I needed a raise to $140 but they only raised me to $125. I believe I am being underpaid for my market value. My niche skills are in high demand. I am recruited on LinkedIn about once a week. Should I focus on getting a higher paid position and stay in the expensive city? Get it and save in Alaska for a bit anyway? + +(Btw I do have retirement accounts and am working with two different financial advisors for investing whatever money I have) +Just wanted to point this out for idiots such as myself. I spent this year watching my mental health degrade while forcing myself to keep up an investment strategy allowing myself just about zero budgetary slack, going to the point of stressing over 5$ purchases. I guess I got the memo when I broke down crying just 2 hours after getting back to work from a 3 week break. Seeking professional therapy is going to cost you hundreds per month, but the money you save is a bit pointless after you quit/lose your job due to your refusal to improve your life. +This is going to be a long one. + +This analysis contains no memes, no hype dates, no cryptic tweet analysis, and minimal speculation based on known market mechanics. This is a cumulative fact-based report of what we know to-date. The abstract is the closest you will get to a TLDR. This is *The GameStop Market Hedge Thesis*. + + +##Abstract + +GameStop is primed for the biggest short squeeze the market has ever seen. **The January 2021 ā€œSneezeā€** section uses SEC reports to show that short covering was a small fraction of the buy volume in the sneeze. Massive short positions are open and hidden in ETFs and swaps which don't have to be reported. **Current Market Conditions** is speculative but shows strong signs of an impending recession and/or market downturn. **The GameStop Squeeze is Inevitable** shows the company is in good health and at no risk of bankruptcy. Borrow and utilization rates prove the stock is illiquid and hard to find. Negative beta is a strong indicator that GameStop tracks inverse to the market which is headed for a major downturn. Even with current reported SI and no hidden short positions GameStop is primed to move many multiples above its current market cap. ComputerShare DRS statistics provide proof of a closing exit for shorts to squeeze out of, day by day making it harder for them to close their positions entirely. + + +_________________ + +#Why Short Squeezes Happen + +##Prime Short Squeeze Conditions + +>Short interest ratios tend to be quite low; for large non-financial stocks, they are often less than 2.5% whereas for small non-financial stocks they still tend to be less than 13%. **Few stocks, if any, have short interest greater than 50% on a given date.**^(76) Until recently, short interest of more than 90% was observed only a few timesā€”in 2007 and 2008. When examining short interest as a percent of shares outstanding, **GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +>**Short squeezes tend to occur more often in smaller-cap stocks, which have a very small float** (supply), but large caps are certainly not immune to this situation. + +[[Investopedia What Short Interest Tells Us](https://www.investopedia.com/articles/01/082201.asp)] + + +_________________ + +#The January 2021 ā€œSneezeā€ + +>Some institutional accounts had significant short interest in **GME prior to January 2021.61 GME short interest (as a percent of float) in January 2021 reached 122.97%,** far exceeding other meme stocks like Dillardā€™s, Inc. (symbol: DDS) (77.3%), Bed Bath & Beyond, Inc. (symbol: BBBY) (66.02%), National Beverage Corp. (symbol: FIZZ) (62.59%), Koss Corp. (symbol: KOSS) (0.92%), Naked Brand Group, Ltd. (symbol: NAKD) (7.3%), and [A]MC Entertainment Holdings Inc. (symbol: [A]MC) (11.4%). + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +FINRA reported GameStopā€™s short interest at 226% as of 2/9/2021 + +[FINRA NYSE:GME 2/9/2021](https://i.redd.it/1vc7zl4yzgg61.jpg) + +>January 27th 2021 1% of all NSCC members were margin called because of idiosyncratic risk in one named stock GameStop + +[[2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +>ā€œIf the short squeeze happens the stock could go to infinity practically because the shorts have to borrow the stock and once there is no more stock to borrow they cannot deliver. So the broker has to buy the shorts at any price. So there is no solution to this unless shorts are liquidated.ā€ + +Thomas Peterffy + +Billionaire Founder and Chairman of IBKR + +[[Bloomberg Markets and Finance](https://youtu.be/kV_P8wnY854?t=407)] + +##Why did GameStop Short Interest drop after January 2021? + +[GME Short Interest 2007-2021](https://i.imgur.com/Wrob3MR.png) + +>As GME increased in value, price changes in XRT became increasingly driven by those of GME. **Shorting XRT could have served as an indirect, though imperfect, way of shorting GME.** In fact, staff observed a large spike in net redemptions of nearly 6 million shares in XRT on January 27, which may be consistent with short selling activity. This redemption activity was generated nearly entirely by ETF market making firms. It therefore was likely the result of net selling of XRT by market participants against market makers (e.g., market makers buying from investors selling short) where the market makers, rather than offsetting those purchases, subsequently redeemed the XRT shares from the ETF sponsor for shares of the underlying stocks. Such shorting could have led XRT to trade either at a premium or discount relative to its NAV depending on market dynamics. + +>**While a short squeeze did not appear to be the main driver of events,** and a gamma squeeze less likely, the episode highlights the role and potential impact of short selling and short covering. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Market Makersā€™ Role + +>The vast majority of GME stock trades executed off exchange in January 2021 were internalized (approximately 80%) as opposed to executed on ATSs.^(99) The market for internalization of GME was highly concentrated, with 88% of internalized dollar volume in January executed by just three wholesalers.^(100) Citadel Securities accounted for nearly 50% of internalizer dollar volume during the month, rising to as high as 55% of daily internalized dollar volume twice.^(101) Virtu Americas accounted for approximately 26% of the internalized volume during January.^(102) While the percentage of GME trading internalized declined during **the last week in January, the absolute volumes executed by internalizing firms during the days of the most intense trading in this period were, in some cases, an order of magnitude larger than what had previously been typical for these firms. For example, Citadel internalized an average of just under $37 million of GME per day in December 2020.^(103) On January 27, Citadel internalized nearly $4.2 billion of GME.^(104)** Similarly, Virtu internalized an average of $23.4 million of GME each day in December 2020 and $2.2 billion of GME on January 26.^(105) On January 29, Citadel internalized approximately $2.2 billion of GME stock, while Virtu internalized approximately $1.4 billion.^(106) + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##SEC Conclusions + +[Figure 6](https://i.imgur.com/PjB8y9h.png) + +>Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. **However, it also shows that such buying was a small fraction of overall buy volume,** and that GME share prices continued to be high after the direct effects of covering short positions would have waned. The underlying motivation of such buy volume cannot be determined; perhaps it was motivated by the desire to maintain a short squeeze. Whether driven by a desire to squeeze short sellers and thus to profit from the resultant rise in price, or by belief in the fundamentals of GameStop, ***it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.*** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##XRT Price and Short Interest + +[ORTEX ARCA:XRT](https://i.imgur.com/a2N3Bv5.png) + +##NSCC Financial Stability (Clearing House) + +>**The maximum backtesting deficiency, or margin breach, at DTCCā€™s FICC clearing services fell off for the twelve months ending March 31, 2021 as market volatility observed in the first quarter of 2020 rolled off** (Chart 3.6.1.2). In contrast, NSCC reported a backtesting deficiency of $1.1 billion on January 22, 2021, the largest since public disclosure began in the third quarter of 2015. In its quarterly Principles for Financial Market Infrastructures (PFMI) disclosure, **NSCC attributed the backtesting deficiency mainly to a single security exhibiting idiosyncratic risk.** + +[[NSCC 2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +##Total Return Swaps + +**How did Archegos manage to get away by not disclosing its positions?** + +>**Archegos is estimated to have managed about $10 billion of its own money, according to people familiar with the fund. Its total positions that were unwound approached $30 billion thanks to leverage Archegos obtained from banks.** + +[[WSJ What Is a Total Return Swap and How Did Archegos Capital Use It?](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839)] + +>**These losses were made possible due to the unique characteristics of total return swaps and Archegosā€™ formation as a family office, both of which permitted Archegos to skirt trading regulations and reporting requirements.** Archegos essentially purchased beneficial ownership in large amounts of stocks, particularly ViacomCBS Inc. and Discovery Inc., on credit. Under Regulation T of the Federal Reserve Board, up to 50 percent of the purchase price of securities can be borrowed on margin. However, to avoid these rules, Archegos instead entered into total return swaps with the banks whereby the bank is the actual owner of the stock, but Archegos would bear the risk of loss should the price of the stock fall and reap the benefits if the stock were to go up or were to make a distribution. + +[[Social Science Research Network - Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4065946)] + +>According to reports by Bloomberg and The Wall Street Journal, Archegos built up these positions through a derivative instrument called total return swaps. **According to this Forbes report, family offices are required to report stock and derivative positions above $100 million in 13-f filings on the Securities Exchange Commissionā€™s EDGAR website. However, swaps are excluded from 13-f filings.** + +[[CNBCTV Explained: Why regulators failed to spot the ticking time bomb at Archegos](https://www.cnbctv18.com/market/stocks/explained-why-regulators-failed-to-spot-the-ticking-time-bomb-at-archegos-8806301.htm)] + +##Swap Reporting Delayed until October 2023 + +>The Commodity Futures Trading Commissionā€™s Market Participants Division today issued a time-limited no-action letter concerning capital and financial reporting obligations for swap dealers (SDs) subject to capital requirements of a prudential regulator (Bank SDs) under the CFTCā€™s SD financial reporting rules. + +>**The no-action letter was issued in response to a joint request received from the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association on behalf of their SD members who are otherwise required to comply by October 6, 2021 with the CFTCā€™s newly adopted capital and financial reporting requirements.** The relief granted by the letter would expire on the earlier of October 6, 2023 or the adoption by the CFTC of any revised financial reporting and notification requirements applicable to such Bank SDs. + +[[CFTC Staff Provides Temporary No Action Relief from Certain Financial Reporting Requirements to Bank Swap Dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21)] + + +_________________ + +#Current Market Conditions + +[Inflation rises to highest level since 1981](https://i.imgur.com/g5Ruues.jpeg) + +##Reverse Repo Rate + +>**ā€œWith more market rates threatening to go negative (either explicitly or through deposit fees), pouring money into the RRP facility at a zero rate is the least painful alternative,ā€** said Lou Crandall, chief economist at Wrightson ICAP, in an email to MarketWatch. + +[[MarketWatch Why demand for Fedā€™s reverse repo facility is surging again](https://www.marketwatch.com/story/why-demand-for-feds-reverse-repo-facility-is-surging-again-11621904689)] + +>The amount of money parked at a major Federal Reserve facility **climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.** + +[[Bloomberg Fed Facility Tops $2 Trillion as Investors Scramble to Park Cash](https://www.bloomberg.com/news/articles/2022-05-23/fed-s-reverse-repo-facility-exceeds-2-trillion-for-first-time)] + +[Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations](https://i.imgur.com/q5sqtqn.png) + +[S&P 500 March 2019 - June 2022](https://i.imgur.com/glDm926.jpg) + +[Global Cryptocurrency Market Capitalization August 2020 - June 2022](https://i.imgur.com/7ie6Q2N.png) + + +_________________ + +#The GameStop Squeeze is Inevitable + +##Thesis + +Shorts have not closed, some of the biggest market makers and institutions have been trying to hold a beach ball (GME) underwater for the last 18 months. + +##Risks v. Reward: Risks of Investing in a Short Squeeze + +>Contrarian investors may buy stocks with heavy short interest in order to exploit the potential for a short squeeze. A rapid rise in the stock price is attractive, but it is not without risks. **The stock may be heavily shorted for good reason, such as a dismal future outlook.** + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##GameStop Fundamentals + +Cash and Cash equivalents of $1.035B + +Merchandise Inventories of $917.6M + +[[GameStop 10-Q Quarterly Report](https://news.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88)] + +[GMEdd Tech Hire Database](https://www.gmedd.com/report-model/) - From February 2021 to-date GameStop has hired 428 executives and engineers from Amazon, Chewy and more. + +##Borrow rates are above January 2021 levels + +[ORTEX NYSE:GME](https://i.imgur.com/VxePpw3.png) + +>Lending fees to borrow GME were around 25% in January 2021 and fell as short interest began to decline into February 2021. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Insider Buying + +| INSIDER TRADE Ā  Ā  Ā  Ā  Ā  Ā | 3 MONTHS Ā  Ā | 12 MONTHS Ā  Ā  | +|:-------------------------|------------:|:-------------:| +| Number of Shares Bought Ā | 112,500 Ā  Ā  | 257,633 +| Number of Shares Sold Ā  Ā | 743 Ā  Ā  Ā  Ā  | 2,833 +| Total Shares Traded Ā  Ā  Ā | 113,243 Ā  Ā  | 260,516 +| Net Activity Ā  Ā  Ā  Ā  Ā  Ā  | 111,757 Ā  Ā  | 254,750 + +[[NASDAQ GME Insider Activity](https://www.nasdaq.com/market-activity/stocks/gme/insider-activity)] + +##Negative Beta + +What Is Beta? + +>Beta is a measure of a stock's volatility in relation to the overall market. **By definition, the market, such as the S&P 500 Index, has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market.** + +>Negative beta: **A beta less than 0, which would indicate an inverse relation to the market, is possible but highly unlikely.** Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines. + +[[Investopedia What Beta Means When Considering a Stock's Risk](http://investopedia.com/investing/beta-know-risk/)] + +[Zacks GameStop Fundamental Charts Beta](https://i.imgur.com/lPuFkr9.png) + +##Utilization Rate + +>The utilization rate is the number of shares borrowed divided by the number of shares that institutional investors are willing to lend. **A higher rate indicates that more of the supply of shares in the securities lending market is being borrowed.Ā  A higher utilization rate also increases the likelihood that short sellers could face a buy-in if investors recall their loaned shares.** + +[[Seeking Alpha Stocks with the largest increase in utilization rate](https://seekingalpha.com/instablog/682063-shortside/149448-stocks-with-the-largest-increase-in-utilization-rate)] + +[GameStop Utilization Rate](https://i.imgur.com/fADB8n5.png) + +##Reported Short Interest + +Exchange Reported short interest is up to 24% of the free float and ORTEX estimated short interest is up to 28%. + +[ORTEX NYSE:GME](https://i.imgur.com/b2tn2f7.png) + +>In early 2020, Tesla was the most-shorted stock on the U.S. exchanges, with more than 18% of its outstanding stock in short positions.From late 2019 through early 2020, Tesla stock soared by 400%. + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##Stock Split Dividend + +>**GameStop plans to seek shareholder approval for a stock split in the form of a dividend.** If approved, the stock split would increase the number of GameStop Class A common shares from 300 million to 1 billion. + +[[Investopedia GameStop (GME) Flags Stock Split, Shares Surge](https://www.investopedia.com/gamestop-flags-stock-split-shares-surge-5224459#:~:text=Key%20Takeaways,300%20million%20to%201%20billion.)] + +GameStop shareholders approved the amendment to increase the number of authorized shares of Class A Common Stock [the "common stock"] to 1,000,000,000 on June 2, 2022 + +>Shareholders of dividend-paying companies as of the record date are entitled to collect declared dividends. **If, however, you are short a dividend-paying stock, you are not entitled to receive the dividend and must pay it instead to the lender of the borrowed shares.** + +[[Investopedia Are Investors Short a Dividend-Paying Stock Entitled to the Dividend?](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp)] + +##Direct Registration of Shares + +**What is Direct Registration v. Street Name?** + +>You may have your security registered in street name and held in your account at your broker-dealer. Many brokerage firms will automatically put your securities into street name unless you give them specific instructions to the contrary. **Under street name registration, your firm will keep records showing you as the real or "beneficial" owner, but you will not be listed directly on the issuer's books.** Instead, your brokerage firm (or some other nominee) will appear as the owner on the issuer's books. + +[[SEC Holding Your Securities Get the Facts](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html#:~:text=Under%20street%20name%20registration%2C%20your,owner%20on%20the%20issuer's%20books.)] + +##What does DRS do? + +[Flow chart demonstrating shares held in ComputerShare remove the stock from the DTC](https://i.imgur.com/acXwGGl.png) + +##A Closing Exit + +**As of today shareholders have directly registered over 43% of GameStopā€™s free float.** + +[GameStop's Available Float with Retail DRS subtracted](https://i.imgur.com/4DWLRKI.png) + +[[ComputerShared.net](https://www.computershared.net/)] + + +_________________ + +#In Conclusion + +Shorts have not closed. Markets are on edge and GameStop becomes more illiquid with each day that passes. MOASS will come and when it does it will be unlike anything the markets have seen before. +I was terminated from my 3 year gig without any warning 3 months prior to COVID-19 epidemic and claimed unemployment. Got paid for 2 weeks and then received a notice that I owe a fine and that my unemployment was denied after interview. I had a $1500 fine levied against me by the state. + +I appealed and prior to my hearing, my ex-boss reached out and gave all her reasons for not paying the unemployment, but when I gave her a good rebuttal for all her BS and all the reasons they violated my rights (like smoking inside offices, working 6 hours without taking lunch), she offered to pay me the owed unemployment if the claim is dropped, however it doesn't cover my whole 5 weeks owed and the $1500 fine, therefore I will end up losing about 1/2 of the reimbursement. + +Should I take the money and pay fine and get some leftovers or pursue my case and take the chance of win/lose. +It seems like the most common barrier to entry is accredited investor status, but that has comparatively low requirements. Thatā€™ll get you past the basic requirements for HFs and syndicated real estate deals, but obviously if youā€™re on the lower end of the accredited investor range, you might not qualify for fund-specific requirements. Thereā€™s also qualified purchaser requirements ($5M+) which are quite a bit higher, but very few things Iā€™ve looked at seem to require it. + +So what types of investments do the super rich get access to that we (ā€œmereā€ accredited investors/7-digiters) donā€™t? +I've been holding since January. I've been on the rollercoaster the whole time, and have done as much DD as I possibly could, and I never once thought of getting out. I don't have many shares compared to others, but I've purchased what I could. For whatever reason, I was intimidated by transferring my shares to ComputerShare. "Will it be hard to sell them?" I would ask myself as I put it off another day. "Seems like a pain in the ass" as I kept putting it off. "Fidelity is a strong broker, and my shares are safe there". + +But today was different. I had all of that going through my head as I looked at my feed and saw the bullshit going on with Fidelity. And I have fucking had it. I'm tired of the fuckery. I'm tired of working my fucking ass off (and working through cancer treatments to keep a roof over my head, I'm in remission now) to not have any retirement money. I don't want my kids to struggle. I want all of us to be paid what we are worth. And I'm fucking sick of individuals at hedge funds running roughshod over our economy, and our paychecks. + +I just got off the phone with Fidelity. I just transferred all of my shares to CS. I always thought people were virtue signaling by saying "at this point, it's not about the money", but I get it now. These are my votes. These are my shares. And I'm getting my fucking name put on them. +Obligatory: Not financial advice. I am merely pointing out some items I have stumbled across during my late nights reading regulatory documents. Much of what I will discuss is my speculative opinion on information I am reading and using deductive reasoning to put this information together. + +TL;dr FINRA confirms calls/puts used to create ā€œsynthetic shortsā€. I have pointed this out in a prior DD but used a bad title on the post. See my profile or [this link](https://www.reddit.com/r/Superstonk/comments/ofmswd/finra_requests_comment_on_short_interest_position/?utm_source=share&utm_medium=web2x&context=3) for my past DD on this... + +Margin Debt has rocketed up just prior to the previous two recessions since 2000 (DOTCOM/Housing crashes) and it is currently on its largest rapid increase since the 2008 crash, but this time it is going substantially higher in a very short amount of time. When did this rapid margin debt ascent begin? When GME share pricing started turning glorious green in August of 2020. I believe Market Makers/Hedge Funds have been leveraging short sales in margin accounts on GME and other meme stocks and that is the cause of the current levels of margin debt. **Donā€™t want to read anymore? I don't blame you in the slightest. Look at the charts at the end of the post.** + +SKIP THIS PART IF YOU SAW MY LAST POST. + +# PUTS/CALLS Used as SYNTHETIC SHORTS and are NOT REPORTED, Confirmed by FINRA: + +[Regulatory Notice 21-19](https://www.finra.org/rules-guidance/notices/21-19) + +As my previous DD showed, FINRA has confirmed that synthetic shorts are being created through Call/Put Options and that information is not included in the current short interest reporting numbers. My apologies as I should have titled the post that way, so it got more visibility for those who wanted to see it. Direct quote from regulatory notice: + +**ā€œenhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies.ā€** + +For additional information on Regulatory Notice 21-19, see my previous DD or go to the link above for the actual Regulatory Notice. + +OKAY, ON TO THE SUBJECT AT HAND: + +# What are Margin Accounts? + +ā€œA customer who purchases securities may pay for the securities in full or may borrow part of the purchase price from his or her securities firm. If the customer chooses to borrow funds from a firm, the customer will open a margin account with the firm. The portion of the purchase price that the customer must deposit is called margin and is the customerā€™s initial equity in the account. The loan from the firm is secured by the securities that are purchased by the customer. **A customer may also enter into a short sale through a margin account, which involves the customer borrowing stock from a firm in order to sell it, hoping that the price will decline. Customers generally use margin to leverage their investments and increase their purchasing power. At the same time, customers who trade securities on margin incur the potential for higher losses.ā€** [FINRA Defines Margin Account](https://www.finra.org/investors/learn-to-invest/advanced-investing/purchasing-margin) + +# My Interpration of Current Margin Debt Levels and Why Levels are Rapidly Elevating + +Steady, slow increasing margin debt is expected in a robust and flourishing economy. It means the consensus is that the economy is strong and heading in the right direction and investors are willing to take on the risk associated with borrowing in a margin account because they feel the reward outweights the risk. Steadily declining margin debt would indicate the potential for a bear type sentiment or recession as investors are not willing to take on the risk of borrowing. + +I have not been able to find many well written articles on rapid increases or decreases to Margin Debt from reputable sources, so I have taken it upon myself to chart the monthly reported margin debt numbers compared to the monthly (1st of the month) S&P 500 share prices. As you will see below, we have had two recessions since 2000 with the DOTCOM/Housing crashes. Prior to the crashes, Margin Debt RAPIDLY increased just like it has been doing since August of 2020. However, the increase this time is even more rapid and at substantially higher levels. + +In prior years, Market Makers (MM), hedge funds (HF), etc. found that brick-and-mortar stores were a dying breed with the increase in online shopping and they realized they could make mountains (not piles) of money from naked shorting these businesses into a ā€œ[Death-Spiral](https://en.wikipedia.org/wiki/Death_spiral_financing)ā€ where the ultimate result is the bankruptcy of the company, which means the borrowed shares do not need to be returned to the lender because the stock ceases to exist, which in turn leads to full profitability for the MM/HF aside from the fees associated with borrowing the stock to short. + +If you were a MM or HF and you have found it to be highly lucrative (especially when fines for naked shorting are peanuts compared to profits) to bury companies in a death spiral scenario EVERY TIME YOU DO IT (Blockbuster, Toys-R-Us, Sears, etc.) would you feel comfortable using margin to continue doing this to other businesses? Maybe shorting more than 140% of the available float of a companyā€™s stock? I would not, but that is only because I am NOT a GIANT bag of shit. Remember, money sitting in the bank does nothing for these guys, it is best to have all your cash in play so you are making a profit on it versus losing value to inflation while sitting peacefully in a bank account. Some people would think that is a stupid idea (myself included), but if you had the ability to control a lot of the share pricing regarding securities through illegal and manipulative tactics, like MMā€™s do, you are not overly concerned with the risk. Especially when death spiraling has worked every time before. + +But what would happen if a company so severely shorted reimagined itself, found a large and dedicated shareholder base, and became profitable when the short interest is this high? Enter GAMESTOP. As you will see from the charts below, GME began showing significant positive share price movement in August of 2020. **What happened to Margin Debt when Gamestop share prices went up?** **Margin Debt abso-fucking-lutely EXPLODED**. + +&#x200B; + +[Margin Debt 1997 - Current \(Source: FINRA\)](https://preview.redd.it/6zyntbass7a71.jpg?width=558&format=pjpg&auto=webp&s=1ccb5a9307aeab561438a541af100e8794207275) + +[S&P Share Price 1997 - May 2021 \(Source: https:\/\/www.multpl.com\/s-p-500-historical-prices\/table\/by-month\)](https://preview.redd.it/1j6w8gf4t7a71.jpg?width=555&format=pjpg&auto=webp&s=30ecc48bbca580af33be9fb090e09cf92323f5b4) + +June margin debt numbers will be interesting to keep an eye on if we havenā€™t begun our long awaited journey by that time. The numbers should be released by the 15th of this month. + +My head hurts. + +Hedgies R Fukā€™d. + +Tanks foā€™ readin. +I'm educating myself about how things in the finance industry works. And wanted to know what this sentence means. + +Second question- What do people mean when they say interest rates are falling? + +I googled, but all the answers are complex. Can someone explain it to me with simple examples as they don't teach this in school. +The only late time is later. If you are getting in now you are still in the 1% of the population who own ETH. You might be reading many posts lately about new millionaires being made and feel sad/disappointed that you "missed out". Just remember crypto is in its infancies. Could better gains have been made investing early? Sure. But hindsight is 20/20 and you're in now. This might be the only time in our lives we will see returns like this... even if youre buying now for the first time. Just be glad! + +TL;DR: ETH to 5k by 2019. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Bristol Myers Squib just gave me a card that changed the cost of my prescription from $500 a month to $10 a month for 2 years... and they will renew it after that! Sorry if this is a repost but this was a literal life saver for me. +Climate change is always my concern. I want to stay put for next 60 years. I already have rental properties in Boston and Denver and am looking to buy the 3rd property. + +I feel great lake states are more climate change resistant. I hope to find a metro area with diverse industries (to avoid down turns and single failures like Detroit car industry), decent hospitals (if I do decide to retire there), safe neighborhoods, positive employment/population growth. Any good metro areas/markets to invest? + +I see people talk about Detroit as it bounced back from recession. But how does it do with pandemic? I still see negative population growth. + +(Residential rentals only. No college housing) + +================================================================================ + +**Edit**: Thanks all for contributing! The discussion is more engaged and insightful than I imagined. Here's my data source (search for climate change map, you can find many)Maps of all kinds of natural disaster [https://www.washingtonpost.com/graphics/2019/national/mapping-disasters/](https://www.washingtonpost.com/graphics/2019/national/mapping-disasters/) + +Sea level rise map [https://www.climate.gov/maps-data/dataset/sea-level-rise-map-viewer](https://www.climate.gov/maps-data/dataset/sea-level-rise-map-viewer) + +Climate change by region [https://grist.org/cities/we-broke-down-what-climate-change-will-do-region-by-region/](https://grist.org/cities/we-broke-down-what-climate-change-will-do-region-by-region/) (It's a common sense already) + +So my goal is to distribute my investment in multiple climate zone to hedge the risks. I also considered the deadliness, cost to prepare/repair, difficulty to predict/escape different kinds of disasters. So I'd avoid wire fire, earthquakes and immediate coastal cities. Adding up flood and drought, I think great lake states are decent choices for climate change resistance. Close proximity to Canada is a great plus: if US health care system turns into a disaster, I could turn to Canada for help. +As the title says, everyone who currently controls the money is colluding to keep us from MOASS and our trip on the rocket. The following thoughts occurred to me last night as I was laying in bed wondering wen pay off mortgage, and how we make it happen faster because I sure could use those sweet sweet tendies. + +Need proof? Here's what I can think of off the top of my head. + +\- Remember the big margin call on Robbingdahood? It was something like 3 BILLION dollars. They got a solid favor to drop that down to 700 million, and none of the agencies or banks seemed to complain. + +\- Other margin calls? We all know there have been calls. Somehow miraculously they've been covered over and over allowing this bullshit to continue... at least we think they've been covered. Given above it's entirely possible that those calls were greatly reduced or perhaps not even exercised. Is there even a strict law about margin calls or is this part of their "self regulation?" + +\- In the SEC report it was shown that the OCC was woefully short on deposits to cover obligations, and that was just digging into GME. We know for a fact there are other stonks working on their own squeeze. + +\- There's been all sorts of delays in transfers to other brokerages, and then to Computershare. Almost like they can't find the shares (there's even been some chat screenshots to this effect). If the DTCC is truly doing their job of holding the shares this should never ever be an issue, and yet it is. + +\- There's the banks quarterly earnings reports showing they are flush with cash (BEST QUARTER EVER, BRO!). Yet we've seen inflation skyrocket, and what's up with those reverse repos cranking over a trillion every day for the last month? Heck we're closing in on 1.5 trillion and will hit that on the regular pretty soon. + +\- There's the SEC report basically saying all is well, and we're not going to take any action when our outstanding DD has shown all sorts of fuckery. Not just fuckery, but straight up illegal actions. Yet, nobody seems to be bothered by it other than us Apes. + +\- There's those long puts that are well above the free float. That raised some red flags for us, but the agencies overseeing this can't seem to give a shit. + +\- There's the fuckery with the ETFs. + +\- There's that attempt to hide shit in the Brazilian banking system. I guarantee Brazil is not the only place they are attempting to hide things. + +\- There's the non-existent hedge funds (I think it was iceberg or glacier or some shit like that). + +\- There's the paid "speaking fees" going to government representatives. + +\- There's the campaign contributions that seem to fall into the circle of families of elected officials who are pretty close (married) to people such as the CEO of NYSE, or heads of regulating bodies. + +\- There's the insider trading among MM and government officials. + +\- There's the people running the agencies who conveniently used to hold pretty high positions at money makers or brokers. + +\- There's the massive amount of fuckery going on with Credit Suisse. + +\- Something is up with BoA. + +\- I'm sure we'll eventually see some new form of fuckery from Wells Fargo since they seem to specialize in fuckery (why does anyone still bank with them?) + +\- There's the collapse of China housing developers, and failure to pay their bonds, but none of the banks seem to be overly concerned about it according to MSM. + +\- Speaking of MSM how many times have we seen articles that are the complete opposite of reality? + +\- There's the shitty jobs report, and inflation report, but the market miraculously keeps going up, but our price is stagnant or dropping. + +\- There's the darkpool abuse of price suppression. + +\- These agencies are "self regulating" with no legal ramifications or consequences. + +\- There's the bragging by the SEC of record level payouts to whistleblowers, but as history has demonstrated the fines are such a joke that they are considered part of the cost of doing business. Hell, they claim to have just paid out something like 450 million to whistleblowers, but won't state what it's for. Given the manipulation of MSM, and bold faced lying can we even believe they actually ever did anything or are they just trying their hand at being a bullshit social media influencer? + +\- There's the S3 reports of MOASS being a sure thing, yet it hasn't happened after months of being at that level. + +\- There's the endless screenshots of Ortex and Bloomberg showing that the whole market is trashed, but nothing has happened. + +\- There's the SEC's own report showing crazy high SI% in January, which also states that the shorts have not covered, but NOBODY, not one single person in the SEC (that we know of) stood up and said "Hold up. How does that make sense? Maybe we should look into that a little more." + +\- There has been speculation that our shares are really just IOU's. + +\- There's the whole PFOF scheme invented by none other than one of the greatest financial con-men to have ever walked the face of the planet. We have now had that scheme picked up by a huge MM and they've run with it, all while their leader has claimed he's just a humble dude looking to help retail (if you think he was actually out to help retail then I have a number of bridges I could sell you). + +\- There's the vote that hit a miracle number of 100%, but we also know those numbers are massaged on purpose because heaven forbid that they get more than 100% and someone has to investigate. + +And this is just want I can think of sitting here. I'm sure there are many more. Bottom line is that ALL of these agencies, banks, brokers, money makers, and government officials are holding hands while we play the game of Red Rover trying to break their line, but they've handcuffed their wrists together. + +THE MOASS WILL NOT EVER HAPPEN IF WE RELY UPON THE HONESTY OF THE SYSTEM!! The system has evolved to not work with retail. The system never anticipated the Apes, but even with our arrival they will not just roll over and let things fall as they may. The system is broken for everyone unless you're in the inner circle of global finance. + +What about the NFT dividend? + +There is ONE possible catalyst we've all been hoping for. An NFT dividend. BUT WE HAVE ZERO PROOF OF IT!!! Yes, we know GME has been working on an NFT. You will get no argument from me on that. Yet, we do NOT know what the NFT is for!! We've speculated that it COULD be a dividend, BUT it could also be for in game play, it could be for actual games via a Steam like setup, hell, it could even be for Gamestop to become an NFT broker. We. Just. Do. Not. Know. And we won't know for sure until GME announces it. + +Yeah, I've seen the countdown twitter theory. I REALLY like the theory. Yeah, I've seen all the permutations of trying to figure out the mythical 741 number. Some make sense. Some make me tilt my head and say "what the fuck?" + +WE CANNOT RELY UPON THE NFT TRIGGERING MOASS!! Because we don't know what the NFT is actually for! + +What is the one for sure catalyst? + +We have looked at 14,000,605 timelines, and in just ONE do we win. The ONLY surefire way this works and we trigger MOASS is to take control of our shares. Take them out of the system that only favors the elite. Take away the IOU's. Take away the campaign contributions. Take away the speaking fees. Take away the self regulation. Take away the dark pool price suppression. Take away the manipulated earnings reports. Take away the perfunctory investigations. + +We MUST direct register the float. THIS is the only way we, as mere mortal Apes, can do this. Transfer your accounts. Transfer your "shares." DRS IS THE ONLY FOR SURE CATALYST THAT WE CAN CONTROL!! + +As part of full disclosure I'll say it right now. I'm an X holder of GME. It's what I could swing. I thought to myself that I'll just let the bigger money Apes DRS and I'll ride on the outside of their rocket. I AM WRONG! After thinking about all the stuff I posted above I have realized that I cannot cannot CANNOT have that mindset. It's selfish. It's bullshit. It will not help launch any rocket. Apes help Apes, and I was not acting like an Ape with this mindset. So today I'm going to start the process of moving my account to Fidelity, and then from there to Computershare. Even though I'm ONLY holding X doing so will get us X much closer to MOASS, and I know there's many Apes that are just like me. + +TL; DR + +DRS is the ONLY for sure way we can trigger MOASS without relying upon anyone else. It's the one and only thing we can directly control that cannot be influenced by market manipulation. Period. + +\*I am not a financial advisor. This is not financial advise. I'm an Ape who likes the stock. + +\*\* Someone should screen shot and repost this for Karma. +Been here since January 2021, and guess what? + +I'm chill as f$%@ right now. How about you? + +2022 is going to be the year of the activist investor. IDGAF if you don't like the term, get used to it. + +The "Diamond Hands" needed where we're going, requires more fortitude than money alone can provide. But i'm going to happily take the money too. + +ā€œI support these retail investors, their ability ***to make a statement***.ā€ - Keith Gill + +Last Edit: This is THE ONE [https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular\_opinion\_the\_sub\_is\_fine\_apes\_are\_fine/](https://www.reddit.com/r/Superstonk/comments/sbb0fi/popular_opinion_the_sub_is_fine_apes_are_fine/) + +Edit: I'd just like to add. Do you wanna know why "top dd writers" went dark? Same reason DFV went dark. They've given what they can. The info was fucking amazing. It's very appreciated. And that's it. No need to expose themselves more than is necessary to this media/government manipulation. Fuck em if they think they're getting away with this crap anymore, cause they're not. Certain people will return one day, mark my words. + +Oh and btw, look how retarded I am. I wrote "chalk" instead of "chock" and "cmpletely" instead of completely, and didn't even notice. Good fucking luck with this sort of stupidity. Shorts r truly fukt + +Edit 2: I should add. This guy is sorta right. [https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular\_opinion\_this\_sub\_has\_devolved\_or\_is/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sb49l2/unpopular_opinion_this_sub_has_devolved_or_is/?utm_source=share&utm_medium=web2x&context=3) + +I'm all for fun and memes and hype up videos, but DD and INFORMATION should ALWAYS take precedence. I wish the Mods, could keep all that good shit at the top. That said, I think everyone is still here and chillin. + +Edit 3: I have to wonder if the post I just referenced is actually just cleverly disguised FUD. Devolved? If anything, it's evolving. Meh, don't care. I'mma DRS more this week. +I've found what might be the most criminally undervalued coin listed at the moment, Restart Energy Democracy. Compared to Power Ledger which doesn't have a working product, this could easily 15x in the mid-term. Plus they confirmed exchange news within a week on telegram including a big one. This is seriously worth a look + + +-Top ranked independent energy company in Romania + +-Succesful business going back to 2015 + +-20 million in revenue in 2017 + +-Big plans to expand to other countries + +-Only blockchain-based energy trading ecosystem that can work with existing regulations + +-All-star team, CEO developed over 500 energy projects + +-Servicing 27,000 households and more than 3,000 businesses + +-Big headstart on Power Ledger which has 10x higher marketcap + +-40% under ICO price +I've found what might be the most criminally undervalued coin listed at the moment, Restart Energy Democracy. Compared to Power Ledger which doesn't have a working product, this could easily 15x in the mid-term. Plus they confirmed exchange news within a week on telegram including a big one. This is seriously worth a look + + +-Top ranked independent energy company in Romania + +-Succesful business going back to 2015 + +-20 million in revenue in 2017 + +-Big plans to expand to other countries + +-Only blockchain-based energy trading ecosystem that can work with existing regulations + +-All-star team, CEO developed over 500 energy projects + +-Servicing 27,000 households and more than 3,000 businesses + +-Big headstart on Power Ledger which has 10x higher marketcap + +-40% under ICO price +My 401k has really terrible options. There's a bunch of niche garbage funds, and three gems: VOO, VXF, and VXUS. (I'm listing the tickers for the ETF versions of the funds instead of the actual fund names themselves.) + +What's a good breakdown for dividing up my contributions between these three? VOO is essentially SP500, VXF is everything in the US market outside of VOO, and VXUS is total international market excluding US. + +I was thinking something like: + +* 60% VOO +* 20% VXF +* 20% VXUS + +Does anyone have advice on a better division of these three ETFs for retirement savings? +Iā€™m newer to DCF modeling and valuation. After looking into AFL (Aflac) and ALL (Allstate), these companies seem to be undervalued. I am wondering what your thoughts on these companies are. +Munger recently doubled down and the stock fell even a little more. +The price didn't really increase over the past 8(!) years. + + +I don't know what Buffett said about BABA, but I think he's betting more on the US and is quite careful, when it comes to China, although his BYD investment sure paid off so far. + + +I know technically if you purchase a stock of BABA, then you don't really own a stock, but more of a derivative, which I don't know what will happen with if Beijing may make a move on Taiwan someday (I mean look at the Ukraine mess happening right now...), but it seems like Ben Grahams saying "a stock is a piece of a business" doesn't really apply here.... + + +Then you obviously have regulatory risks involving the CCP, which Jack Ma complained a lot about. + + +Not to mention Evergrande and China's deleveraging. + + +Soo.... what's your take? +[This video about the hidden costs of monthly subscription services](https://www.youtube.com/watch?v=1nDzaO7Hsnk) by the Wall Street Journal just popped up on my YouTube recommended videos list. + +Ironically, [the top comment is from someone joking about how they need to cancel their digital subscription to the WSJ](https://i.imgur.com/gBV7Qwg.png)! + +This video prompted me to do a self-audit, generating a master list of all my monthly subscriptions and annual fees (excluding things like my electric bill, internet, cell phone, etc.). Seems like a good exercise for most people to try. +____________________ + +**Monthly Subscriptions:** + +1. **Cocofloss**, $7/month for two packs - premium floss that has motivated me to floss every day +2. **Spotify Family**, $15/month - shared with my siblings/spouses-in-law, so the net cost to my immediate family is $6 +3. **New York Times**, $4/month - I recently got a 6 month promo rate for digital access, but honestly I rarely have time read the news....I might end up canceling this! +4. **Netflix**, $0/month for now.....using my friend's account for free! I dogsit for him occasionally, so it's a good barter system. Even before the rate hike, I was tired of paying each month for this. +5. **Ring Doorbell 2**, $0/month because I refuse to pay for storage when companies like WyzeCam (which we use as a travel baby monitor) offer cloud video storage for free +6. **Google Drive**, $1.99/month for 100GB of additional storage (my S/O works in design and needs a reliable cloud backup service. We all have Pixels, so this is pretty seamless integration) +___________________ + +**Annual Fees:** + +1. **Hyatt Credit Card**, $79/year - gets us one free night in a Category 1-4 Hyatt property each year....this is our third year with this card and it easily pays for itself +2. **Costco membership**, $55/year - honestly we might cancel this one -- we can get almost everything from Target/Amazon, and we don't eat that much lol) +3. **Amazon Prime**, $119/year - split between my family. My dad is the primary account holder, and we only pay $30/year +4. **AAA**, $100/year - mostly a peace of mind thing at this point. I've needed towing once in the last few years. I don't know if my spouse has ever utilized their services. Maybe I could use more of their discounts on other services -- I heard they do museums? + +Edit: wow this blew up. Lots of great advice here about consolidating services, taking advantage of credit card perks, and exploiting friends and family members HAHAHA. Cheers. + +**EDIT: darn! should say now* in the title, not "not"** + +As the title says, I have a year review coming up next Thursday. I've incurred a lot of abuse from this company and am actively looking for a job elsewhere, but there aren't many openings in my small-ish town apart from retail and labor. + +I feel like I'm being grossly underpaid to do specialized work that I wasn't even hired for. I've been a project manager, designed and built several website for this company, ran a 9-month ad campaign (including designing all the materials that went out), become a salesforce administrator, and done the work of my colleagues (who all make over double what I make) while they slack off....all while making less than my friends who work retail and with no recognition from my manager and boss. + +In my year here, I've realized that I know more about these things than my colleagues, but (hate to make this a gender/age thing, but my boss is from an oppressive culture) since they're older men and I'm a younger female, half the time my boss just assumes my colleagues did the work and doesn't believe me when I explain that it was actually me. + +How do I approach this at my review? Do I bring a list of all the work I've done, along with the average salaries from these fields in our area? I don't know that I have enough time to get a counter offer from another company and I'm not sure an opening at another company nearby even exists.... + +Thank you + +this has got to be the craziest part of the whole saga. here we are, approaching 74.1% DRS and the mods do what? propose a discussion about purple circle? + +what are yall evening thinking? or are you not thinking? DRS is the single most important aspect of all that is GME and superstonk. + +to even think about a discussion about what to do with purple circles is trust shaking. GROW UP MODS. BAD MOVE. + +real money is on the line and it is about time you started acting like it. +Let me start off by saying I am an 18 y/o Male, who loves to see people smiling and in generally a good mood. But because of my attitude, and lack of self control, I often end up spending a lot of money on friends and family. Recently I got a pretty large sum of money for someone my age. I recieved (no jokes intended) $6900. But had to use $2500 to finish paying off a vehicle I had purchased. This left me with $4400, in which I spent around $800 on friends and family before getting around $500 from work. I currently have around $3800 left after making a couple of important purchases to fix my own vehichle. But I have no idea what to do with this $3800, I'm not sure if I should invest it in something long term or short term. I leave for boot camp for military service in September, and recieve a little over $1200 (on average) a month. How should I deal with this money? Should I just lock it away in a savings account? If I should invest it what's the best method for doing so? + +Edit: I just eoke up, and I see a lot of people are telling me to put it in a bank savings account, in which I have already done. Not all of my money is in physical form. +Microsoft: [Microsoft to acquire Activision Blizzard to bring the joy and community of gaming to everyone, across every device - Stories](https://news.microsoft.com/2022/01/18/microsoft-to-acquire-activision-blizzard-to-bring-the-joy-and-community-of-gaming-to-everyone-across-every-device/) + +Activision: [Activision Blizzard | Activision Blizzard Stockholders Approve Proposed Microsoft Transaction](https://investor.activision.com/news-releases/news-release-details/activision-blizzard-stockholders-approve-proposed-microsoft) + +Microsoft to enter a buy spree, and the target is media of different forms? (streaming, gaming etc) +There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% + +[https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html](https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html) + +and in addition to this, more than 10% of loans are FHA/VA, which allow for credit scores as low as 580. So 20%+ of all outstanding loans can be characterized as "risky" going forward. + +And they are getting packaged up into MBS + +When rates rise dramatically, what is going to happen? Is the only reason the default rate is very low right now is because of the direct stimulus and student-loan payment deferrals of the last 2 years? + +Or to ask this in a different way, is Michael Bury shorting the housing market again? +Looking for advice on what to do. There is a family renting a single family house from me. There seemed to be a weird dynamic at the place since Iā€™ve known them, but I chalked it up to not being my business and as long as the property was ok and I was paid it was fine. + +However, this morning the mother/wife of the family reached out asking to end the MTM lease that has her husband on it because he struck her this morning. Iā€™m trying to handle this situation extremely delicately and in the correct way to try and protect anyone in danger and also myself. I told her to call the police and file a report. I also said Iā€™d need to give the husband a months notice I was ending the MTM lease before entering into a new one with her. I just want to make sure there isnā€™t something else I should be doing/someone I should be alerting. + +EDIT: Thanks to everyone for your advice. The lease is MTM so luckily it can be ended and a new one created easily. The woman told me she called the police and it wasnā€™t the first time. I called the station and they confirmed that they had been called there before but she has left the scene and not provided details so no arrest was made. I told her if she concerned and wants to press charges she needs to file a proper report. I passed along abuse hotline number to her. + +EDIT 2: Ok thank you again everyone for advice on this. Iā€™m letting the situation be resolved within the family and recommending to her to contact the police. Like others have said, best course is not to involve myself and to keep a distance from this situation. +Title says it all. I just donā€™t get wrinkly vibes from him too much. I get pretty quacky dumbass vibes actually. Like heā€™s not highly educated regarding the situation as heā€™d like us to believe and more or less just getting ready to repeat what others have said, maximize his verbiage, trying to pander to Redditā€™s meme stock qualities etc he is no Susanne trimbath in my book. I donā€™t think he knows 75% of what we know so far. I donā€™t feel he is going to have any valuable information pertaining to gme stock and yea, unfortunately this is just my opinion so make sure to take it easy everybody. Itā€™s just how I feel and I donā€™t have a plethora of evidence to support him being super uneducated. Itā€™s my gut. :edit; let me add that I only feel this way due to his recent opinions toward the unmentionable. I honestly feel like he was bought out since heā€™s pushing what we all know is a trap. (What most of us know*) +Further edit: guys I get he started the evergrande discovery. Think for a minute how big of an asset that probably makes him for the hedge funds. I genuinely think his most recent talk is total BS and he is being controlled much like the media is. You guys can downvote all you want. My gut tells me itā€™s clear he WAS speaking the true true, and it made him become a perfect asset to buy out. I think thatā€™s whatā€™s happened. +FINAL UPDATE: you guys. Ok he discovered evergrande. I get it. But right now that man is a shill show and his evergrande discovery is fueling the trust for him to push an agenda that clearly is no longer his. Iā€™m not stepping down from that. Its obvious to me and it should be obvious to any others. Letā€™s step out of the retard zone for a second and perceive the threat. For fucks sake. +This recent post on [Financial Samurai](https://www.financialsamurai.com/ideal-age-to-retire/) says thereā€™s a ā€œidealā€ retirement age. Claim asideā€¦when did you and with how much? +Im in Michigan, where they just announced a 3 week stay at home order, and my job is not considered essential. + +Like the title says. I called Chase, who I've banked with for over a decade and refinanced my Mortgage with in 2017, to find out about deferred Mortgage payments, as several of my Friends have said they've done successfully with their Bank. All Chase is offering is to not report to my credit for the next 90 days if I have late payments. Nearly every other major mortgage provider is deferring payments for their customers due to the ongoing COVID-19. Am I missing something here? They did say I could apply for a Mortgage hardship program, and "see if an investor will allow a change". However, I don't think people should be having to do this at this time. I'm especially frustrated because I've talked to several people who told me they simply had to call their bank and the bank, understanding the situation, took care of them. I'm not in a unique situation, most everyone will be impacted in their ability to make mortgage payments. + +Just to be clear, so no one misunderstands, I'm (we're) not asking to just skip payments, but simply push them back to the end of the loan. From people that I've talked to, and articles I've read, this shouldn't be this difficult. + +If this is not the appropriate place to post something like this please let me know. + +Chase's facebook page is flooded with people saying the same things. +I bought a toothbrush off Amazon for 75 pounds and it came faulty. I had an option to have a new one shipped out the next day and then send the broken one back. New one came, works great, posted the broken one back the same day via Amazon locker. + +About a month after sending the broken one back Amazon sent me an email saying I still needed to return the broken one or I'd be debited 65 pounds for it. I got in touch immediately and they said this was just because their records hadn't been updated and not to worry. + +A few weeks later they then tried to debit my account, but failed for some reason, the price of the toothbrush. I got in touch immediately again and customer service again told me this was a mistake and they'd cancelled the attempted debit charge. + +Fast forward two weeks later and they managed to successfully debit the money. I rang Amazon and again they were very apologetic and said this was their mistake and they'd arrange a refund within 7 days. They even sent me an email confirming this. + +Fast forward 7 days and I had no refund so I rang again and again they apologised and said they'd refund me and sent a new email. You can guess what happened next. + +They keep promising a refund but not giving me one even though they accept this is their fault. I tried to contact the bank (chase) but they were so unhelpful bordering on rude and said because Amazon were offering to refund it they were simply not interested in helping even though I'd had an unauthorised debit on my account. + +What can I do here ? Amazon keep saying they'll refund the money but never do. The bank keep saying it's not their problem whilst Amazon says they'll refund it. I'm stuck in a loop +https://www.bloomberg.com/news/articles/2017-10-10/kobe-steel-untraded-amid-deluge-of-sell-orders-on-data-scandal + +> Toyota said it has found Kobe Steel materials, for which the supplier falsified data, in hoods, doors and peripheral areas. ā€œWe are rapidly working to identify which vehicle models might be subject to this situation and what components were used,ā€ Toyota spokesman Takashi Ogawa said. + +> Subaru has produced training planes for Japan Self-Defense Forces and wings for Boeing jets such as the Boeing Dreamliner, according to a spokesman, who added the company was checking which planes and parts used affected aluminum. + +> Honda said it used falsified material from Kobe Steel in car doors and hoods while Mazda Motor Corp. confirmed it uses aluminum from the company. Suzuki Motor Corp. and Mitsubishi Motors Corp. all said they are checking whether their vehicles are affected. + +Prepare for the mother-of-all product recalls. + +Exploding airbags? Hazardous but replaceable. + +Compromised steel frame, doors and/or other components for the car because the supplier lied about the quality of the metal? Dealerships and other authorized auto shops are going to be a lot busier, assuming the cars don't get scrapped. Aircraft? Likely an even messier situation (compromised wings = airline safety regulators triggered). + +EDIT: This was at the bottom of the article: + +> Shinko Wire Co., a Kobe Steel affiliate, in June 2016 said a unit had misstated data on tensile strength of stainless steel wires for springs and that it had supplied customers with alloy that failed to meet Japanese industrial standards. + +> Toyo Tire & Rubber Co. officials were referred to prosecutors in March following the companyā€™s 2015 admission that it had falsified data on rubber for earthquake-proofing buildings. +I am 34 and married. Combined we make $140k. We have a 1 year old entering daycare and another kid on the way. Daycare is $1000+ per kid, if you are unaware. + +We currently take $100/week out of our paycheck to invest in stocks. Realistically, we wonā€™t increase this for at least 5 years, with daycare costing what it does. Itā€™s possible we will have to reduce it. + +I have approximately $28k across about a dozen stocks at the moment. All pay at least a 3% dividend and IMO have limited downside in the long term. Dividends pay me about $1375 per year at this point. + +My thought process is, these dividend payments will keep money flowing into my brokerage account and allow me to keep reinforcing my existing positions and opening new ones without having to sell off any positions. Itā€™s nice knowing that even if I have to reduce contributions to the brokerage account from our paychecks, I will still be generating some money to invest further with. + +Thoughts on this? +[https://twitter.com/macromule/status/1366840685962223616?s=20](https://twitter.com/macromule/status/1366840685962223616?s=20) + +Since May, the algorithm would have executed 203 trades, achieving an annualized return of \~1000%. 65% of trades are profitable with a 3% average return. + +https://preview.redd.it/oybfmxw08ok61.jpg?width=1001&format=pjpg&auto=webp&s=0bcfd6a90d4f9979a05c3a298aaa1f33075db683 + +&#x200B; + +Edit: The algorithm buys only when Peter tweets about Bitcoin:) +Gamestop did a massive app update, changing the functionality entirely and allowing new segments to be seamlessly added when the time is ready (NFT Market mon cherie?). Most other organizations, when taking on something like this, would announce it at least a little to provide some hype for themselves and generate downloads upon release. Nothing grand, maybe a banner on the main page that says "Hey, Listen! A new app is coming for you!" But Gamestop said nothing. Instead they worked behind the scenes, based on our feedback and their industry experience, to design and release a product for us that, going by initial reviews, seems to delight. Who knows how long they delayed the release internally, how long they tested and what issues they encountered. We will never know, because they don't hype, they wait until something is perfect and then it drops. + +So you see, I don't care if RC stays silent, in fact I prefer it. I don't care if we don't get any updates of official announcements on something UNRELEASED, because even the smoothest of us can understand from behind the scenes (job postings, marketplace applications) that THIS IS HAPPENING. I don't care about timelines & have no expectations on when things will release or moon. And I most DEFININTELY do not care about the price. + +Beware the fury of a patient man. +I got an update from experian that there was a loan which was written of by the lender in month of November. Lender is IDFC First Bank. I don't have an account or loan from IDFC First Bank. They have approved the loan on 24th November and closed it on 30th November. No idea how it happened or how to contact any of them. I just have the account number on my experian report. This has resulted in 70 point drop in my credit score. How can I sort this out and has anyone faced such thing before? + +Update 1: + +Tried contacting both IDFC and Flipkart customer care and was able to reach them after 3 hours. :( + +Flipkart is saying your buy now pay later is not active. So its not our fault. Its from the bank end you have to sort it out and IDFC is saying that get a written confirmation from flipkart which Flipkart is saying we can't provide for some weird reason. I can see in the app that the option is not active for me. So atleast flipkart is not lying. + +I have told IDFC that its you who have Updated my credit report so you clean up this mess. They have asked my credit report so that they can check internally. Funny thing is they cant find anything using my pan card or mobile number in the banks database. Which makes it even worse. I have told them to Update by eod or I am writing to RBI on this. + +Meanwhile I have also raised a dispute with Experian. + +Update 2: + +I went through all my emails and realized that i signed up for Ola postpaid somewhere in October. Guess what, Ola postpaid is also supported by IDFC First Bank. So contacted IDFC again and explained them the whole thing for which the customer care said they dont even know about this tie up with Ola. + +Looks like there is some misunderstanding on information flow betwee Ola and IDFC bank on this and I have now written to both of them to rectify this. + +I rarely use my ola postpaid and pay off it immediately right after the trip. I had no idea it can cause such a big issue. Ola money team is saying there is no default payments on your account and there is no reason for your credit score to be impacted. + +Also I guess I owe an apology to flipkart thanks to the confusion caused by IDFC executive. + +Guess its now wait and watch for mešŸ˜‘ + +PSA: Please do periodic checks on your credit score. It can get really ugly due to such incompetent banks and fintech providers. + +UPDATE 3: + +Still no resolution from IDFC side. Written complaint to RBI. Meanwhile the team at Ola said no error for the past 1 week even after showing the report. Then without my consent they closed the postpaid account. They even fabricated an email saying I asked for it. Suckers don't even know how Zendesk works. My Advice to everyone would be to stop using OlaMoney and definitely their postpaid service. Service is horrible and unethical. If they can fabricate email what stops them from making reports that you defaulted on payments. + +Funny part is their customer care calling me for ola money insurance policies. Pathetic company. I thought their cab service was pathetic + But this is worse + +Update 4: + +IDFC has resolved it with Experian and credit score is back to original. Though it took a lot of emails to get it done. +Always check your credit report monthly or quarterly. +Reading this sub can be a bit scary, especially if youā€™re 22 and have not been offered Ā£50k as a starting salary on a graduate scheme. + +(Funny thing is one of my friends did start a graduate scheme on Ā£38k but left after 6 months, described the job as grueling with no work life balance. Nothing is free) + +I would like to write this post to remind us that for the majority (95%+), reality is very different. And for those higher earners, it usually comes at a price and may even mean you are worse off. + +I want to tell you about a personal experience of mine comparing two jobs I have had, one on a very high salary and the other on a good salary to show that pay is not the end all and be all of your job. + +While working these two jobs all my other expenses stayed the same so they have been ignored to focus on the key differences. + +Working in Nottingham as a design engineer, pay Ā£45,000 pa. Net after tax, student loan, NI and pension Ā£30,000 pa. Rent Ā£500 pm including utilities and would walk to work. Disposable income Ā£24,000. Number of hours worked per week 40 to 45. 2000 working hourā€™s pa. Pay per hour Ā£12.00 (disposable income). + +Working in London as a design engineer, pay Ā£76,000. Net after tax, student loan, NI and pension Ā£45,000. Rent Ā£1100 pm including utilities and zone 1 to 4 travel card, Ā£200 pm. Disposable income Ā£29,800. Number of hours worked per week 50 to 60. 2585 working hours pa. Pay per hour Ā£11.50 (disposable income). + +My pay had increase by 46% but at the end of the day I was actually poorer and had less free time when I took into account working hours. Also I could not even afford to buy a house where I was renting, I found that so funny, I was a top 5% earner but could not afford a home. + +Iā€™m very lucky, but donā€™t forget even as a high earner my life was not any better, I also had more problems. + +The average starting salary for a graduate is Ā£19,900 (DOE Graduate outcomes (LEO) 2016/2017). After 5 years of graduating if you are making more than 45k you are in the top 5% of graduate earners. + +In some companies to make Ā£80k + you will need to be at director level, so aged 50 and fat. In London for most people if they had to re-buy their property at todayā€™s market price they could not afford it. + +Please, this sub represents a very small proportion of the UK population. Not many people after 5 years of working or even 10 years achieve Ā£50k a year in a professional role. These higher salaries also come with sacrifices and for some could make you worse off. + +So be happy with your Ā£38k salary in Leeds, at lease you can afford a house. +So background, I'm 20 y/o, my father died 13 years ago and he gave my mother a lot of money in his will. Of that money she gave my sister 100k on the premise that she wouldn't spend it, only hold it. Several years later, and after she spent 30k, I get cut a check for the rest, 70k. So here I am with a check written out for 70k and everyone in my family says that if I deposit this check I'll get screwed out of the money by the government. I was going to open a new savings account with that money and leave it there, because I don't intend to spend it, but them saying that leaves me hesitant. Is what they are saying true, and if so is there anyway around that? + +Edit: +So to clear up a few things, we do, in fact, live in the United States. My sister was given the money to hold after my father died because my mother trusted her to not spend it, obviously that didn't go too well. I asked my mother if he had a will and she said that didn't have one written out, she just split the money like he asked her to. I deposited the check this morning, and was told that the whole thing should be free and clear on the 22nd. Apparently the savings account comes with a free financial advisor, I'm planning on talking to them to see what's the best way to use the money, and I plan on learning about finance as much as possible so I can avoid situations like this later on. +I've noticed a lot of younger investors and I think one of the main things they should look for is dividend growth stocks to buy & hold. + +If anyone has any favourite, solid dividend growth stocks feel free to share them below! + +I'm a fan of $SO and I've bought a few shares recently! + +[Edit: Dividend growth stocks] +My dad passed away and left me his house and approx 300k. + +Approx 100k of that will be spent - renovating the house (not touched in 30 years, needs everything), paying off all debts, new car(10k max), 1 years salary for me so I can study / career change. + +The remaining 200k(ish) I would like to 'invest' towards my future / retirement. I am currently 32 years old and was previously living paycheck to paycheck in an IT Analyst type job. +Any guidance from you guys? + +I do have a call setup tomorrow with a financial advisor, but thought I would see what reddit thinks. + +Edit: Damn this post blew up. Thank you so much to everyone who responded, it's given me a lot to think about and has got me quite excited about learning more and the potential that this has. + +I appreciate everyone who took the time & effort to offer guidance, thank you!! +Given how prevalent vanguard accounts and investments are and recent debate in this sub around ESG and sustainability, thought this would be of interest. + +https://stocks.apple.com/Afstoy98SSJS8g2su3BVrkA + +Edit: to be clear in light of some comments, the reference to ESG above is only loosely related as pretext for posting. Not saying this necessarily has any relation to ESG standards or ESG investments at vanguard or otherwise. +The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) GME retail investors vs the 0.1% situation has lead me to a place of clarity. The game is rigged, and the owners of the system will react with haste and break any laws they must to protect their cartel. For those not following the event + +\- Retail investors, realised the shares of GME and some other companies were heavily shorted and in short supply, so they started buying in the hope of forcing a short squeeze (whereby the holder of the shorts will then have to buy more stock to cover their shorts, sending the price through the roof, an example is Volkswagen \[VW\] in the 2000's). This is perfectly legal. + +\- the plan worked, GME went from $2 to $470 in a short space of time. + +\- Melvin Capital, a Hedge fund took a massive (likely $6 billion) short position in GME and faced closure if the bet went against them, they were losing money at a fast rate and got a bail out last week by other wall street Hedge funds. + +\- Melvin Capital then went on CNBC and other networks to reveal they had closed their short positions, it's highly unlikely as the options volume did not back up their claim, they were simply spreading disinformation, again this is perfectly legal + +\- the retail investors at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply would not give up, they kept buying, the end goal could have seen the stock reach $5K based on the VW scenario. + +\- the 0.1% moved to then protect the 0.1% from losing money by using the stock brokerages they own or control(Robinhood, TD, IB and all the other big players) to firstly prevent the retail investors buying more stock, you could simply not buy these stocks, you could only sell, some companies even forcibly closed down open options positons even in the absense of margin calls, so your account is in good standing with enough liquidity and they decide which stock you can have and which you can not, in this time big institutions are allowed to buy as much of this stock as they desire, just the retail traders are locked out of the casino. This is highly illegal and known as market manipulation, it also flies in the face of the idea that we have a free market. + +\- people like AOC, Elon Musk, Chamath have all come out on the site of the retail traders at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) + +\- Interactive Brokers chairman and founder Thomas Peterffy goes on CNBCā€™s ā€œClosing Bellā€ an is literally weeping, explaining he feels hurt that his large, moneyed 0.1% friends are losing money due to the retail investors, oh the horror, how can these small investors make my friends lose money? Don't they know the implications of their actions? The horror. + +The guys at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply did not understand that in our world only old money gets to make real money, the little guy must be shut down and should never have a slice of the action, all he gets is inflation and a 9 to 5 job, plus side hustle if he/she's lucky. If the little guy ever finds a way to gain an advantage the loophole is quickly closed. + +\- the SEC Chair then threatens to investigate the redditors on [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) by tracking down their IP numbers with the help of reddit + +\- The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) discord server is banned. + +All the years I talked trash about bitcoin, I apologise, now I genuinely understand the value of having a system not controlled by the government, where they can not on a whim decide to inflate the money supply and bail out their friends, while you carry the load in the form of additional taxes and inflation. +Let's say I have a loan of 179k @ 6.9% + +The minimum payment is $1189.69 which pays it off in 30 years. + +My 360th payment would be 30 years, I would have paid a total of +$428288.40 which would mean that I paid $249287.83 in interest. + +&#x200B; + +However, If I instead pay $2000/month I will have paid everything off on my 127th payment for a total of 254000 which is only $74701 in interest. + +&#x200B; + +By paying an extra 900/month I saved $174586 (nearly the entire amount of my loan to begin with). + +The 900/month over 10 years cost me $108,000 + +&#x200B; + +How would it be possible to convert $108000 to > $174586 + +&#x200B; + +In order to use that $900/month to earn more then I would have saved I would need 6%> ROI >7% + +There is no safe investment with that high an roi. CDs/ Bonds/Etc generally have ROIs of only 3 to 4% + +&#x200B; + +Wouldn't it be better to get a guarenteed 7% ROI by paying off my mortgage rather then roll the dice on riskier investments which are considered 'Good' at 7%? Like, if everything went according to plan I would end up with the exact same savings with a small chance of having saved more but also a good chance of having not saved that much... + +&#x200B; + +IDK... to me it doesn't seem like such great advice to not pay the mortgage down. With previous mortgage rates in the 3->4% range it makes sense, but as far as I can tell... with todays high mortgage interest rates it seems better to just pay down the mortgage. +Partner was watching the movie Mean Girls and brought this to my attention. Towards the end of the film Lindsey Lohan's character is in a math competition. In said competition, the opposing team answers a question correctly. The answer? 741 of course! šŸ¤£ But wait there's more! In the scenes that follow Lindsey Lohan's character wins the competition. How? By answering "The limit does not exist!" Bias confirmed šŸš€ This rocket ain't stopping friends! See you amongst the stars. + +Buy, hold, DRS! + +Edit: Thanks for all the updoots and awards. I did not expect this post to get this much attention. + +FWIW, a few users have noted that DFV tweeted a clip from Mean Girls on March 24th: +https://twitter.com/TheRoaringKitty/status/1374756471376871428?s=20 + +And if that isn't tin foil hat enough for you... + +Before the final question the judge mispronounced the name of Lindsey Lohan's character Cady as "Cat-y" to which she corrects him, "It's KAY-tee" (phonetic spelling). So she is basically saying "No, I'm not a cat." šŸ˜² +I'm a tow truck driver trying to escape my self imposed poverty. I just had a call to release a vehicle from the impound lot. The police had impounded it. This girl lives in her car. She had everything needed to release it, except photo ID. It was so painful, having been homeless myself, to tell her she couldn't take her car. I haven't felt that terrible in a very long time. Haven't had an internal struggle like that as long as I can remember. I just wanted to tell her to take it and lie about her not having photo id. I know what would happen though. It's against the law for me to release it without photo id. When the cops call up asking about the car and we released it, they'd find out. I'd likely be in serious trouble,maybe even with the law. There would go my towing career, immediate source of income, and likely my reputation as a tow truck driver. I ended up giving her extra time to look for an ID and just think on it. Eventually she remembered she had a photo of her driver's license and my manager approved that. It felt so good to give this crying girl some good news and send her home safely. I know how scary it is not knowing where you'll sleep at night, especially as the sun is going down and your plans failed. Someone in a less dire financial situation wouldn't have this level of stress. A $300+ towing bill and a hotel room rental wouldn't be the end of the world. For some of us ,it would. I just wanted to share this story and remind people of the importance of financial reserves. Like it or not, money is very important. As someone with very little motivation to earn and hoard money, I struggle with this often. + +Some general advice, from a tow truck driver: +Start getting ready for winter now. Get a AAA membership, Plus level or higher, but also assume that you WILL be waiting multiple hours for a ride/assistance/tow in the snow, cold, and darkness. There is a shortage of tow truck drivers, and we're overloaded. It's only going to get worse. You can't just throw the average person in a tow truck and send them out. It's going to be rough this winter. Get batteries and alternators checked before it gets cold. AutoZone will do it for free And warn you about any major problems. It doesn't hurt to keep extra cold weather clothes or even blankets and sleeping bags in the car. Battery bank to charge a phone in case the car electrical system dies(just happened today, couldn't even make a phone call). Keep the tank a little more full than usual. Never know when you need to take a massive detour and burn through a ton of fuel. Drive around in a snowy parking lot and practice driving on ice and such. There's a ton more, but I don't have time to list it all. Good tires. Anyway, hope everyone is ok, be safe, get ready for winter if you need to. + +Edit: More thoughts. +Thank you for the support. If I'm quite honest, I've been struggling very badly lately and it's just nice to see so much kindness. I don't care about points or things here but I just noticed all the wards and stuff and was caught off guard. I used to write on my own site all the time like this. I ended up deleting the entire site one day after a truly hateful comment from someone that knew a very scary amount of very private data about me. It was creepy and sad. I haven't written publicly anywhere else until I started getting on reddit. I miss writing. It helps me think and sort things out. Didn't expect it to impact others like this though. I plan on compiling a winter prep list for drivers in cold climates soon and will share it here, as recommended by a few people. I've been very sick lately and suspect I have Covid. My employer handled the situation very poorly, trying to force me to keep working. I blanked for a second while driving and almost crashed the tow truck. It took me flat out refusing to work in order to get ONE extra day off work. I'll be finding a new line of work as soon as I get my truck on the road. I plan to turn it into a service truck so I can still do decent meaningful work, but on more reasonable terms. Please be careful out there and don't let people take advantage of you unless you know the risks and rewards and deem it worthwhile to play along. I'm needing the limits of what I'll tolerate. Be safe. I'd rather not come out and tow your cars or remains of them. Cheers. +**Why Investors Need to Consider Bitcoin Separately From Other Digital Assets** + +[https://www.fidelitydigitalassets.com/articles/bitcoin-first](https://www.fidelitydigitalassets.com/articles/bitcoin-first) + +Once investors have decided to invest in digital assets, the next question becomes, "Which one?" Of course, bitcoin is the most recognized, first-ever digital asset, but there are hundreds and even thousands of other digital assets in the ecosystem. + +One of the first concerns investors have regarding bitcoin is as the first digital asset it may be vulnerable to innovative destruction from competitors (such as the story of MySpace and Facebook). Another common consideration surrounding bitcoin is whether it offers the same potential reward or upside as some of the newer and smaller digital assets that have emerged. + +In this paper we propose: + +* Bitcoin is best understood as a monetary good, and one of the primary investment theses for bitcoin is as the store of value asset in an increasingly digital world. + + +* Bitcoin is fundamentally different from any other digital asset. No other digital asset is likely to improve upon bitcoin as a monetary good because bitcoin is the most (relative to other digital assets) secure, decentralized, sound digital money and any "improvement" will necessarily face tradeoffs. + + +* There is not necessarily mutual exclusivity between the success of the Bitcoin network and all other digital asset networks. Rather, the rest of the digital asset ecosystem can fulfill different needs or solve other problems that bitcoin simply does not. + + +* Other non-bitcoin projects should be evaluated from a different perspective than bitcoin. + + +* Bitcoin should be considered an entry point for traditional allocators looking to gain exposure to digital assets. + + +* Investors should hold two distinctly separate frameworks for considering investment in this digital asset ecosystem. The first framework examines the inclusion of bitcoin as an emerging monetary good, and the second considers the addition of other digital assets that exhibit venture capital-like properties. + + +[Full Report](https://www.fidelitydigitalassets.com/bin-public/060_www_fidelity_com/documents/FDAS/bitcoin-first.pdf) + Hi all, + +Only 55% of fund managers invest some of their own money in the funds they manage [with only 15% investing over 1M](https://citywireusa.com/professional-buyer/news/the-rec-list-how-many-managers-invest-in-their-own-funds/a1414253), research suggests that [funds where managers put a significant amount of money tend to have better outcomes](https://www.investors.com/etfs-and-funds/mutual-funds/does-your-mutual-fund-manager-have-skin-in-the-game-these-do/). + +So I'm looking for mutual funds and ETFs where the managers invest their own money in the fund. I read that funds report that to the SEC but I'm not sure where to find it... + +Edit: Added more percentage data on fund managers stakes in their funds courtesy of u/poolandapondforyou +TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga + +Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor. + +&#x200B; + +>If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty* + +&#x200B; + +Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga. + +Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert\_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January. + +**Hypothesis**: Bank of America is the biggest bagholder in the Gamestop saga. + +**Supporting Evidence:** + +**The 15 Billion Dollar bank bond**. + +On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral? + +[https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409](https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409) + +BAC needed that 15B bond for insurance + +[https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan](https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan) + +watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE. + +**I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.** + +&#x200B; + +**The Citadel Link** + +So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now. + +Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. **I think it is going to be an issue for someone else as well.** + +&#x200B; + +[ Citadels Liabilities ](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae) + +**Notes from the financial statement for Sussqhana and Citadel** + +&#x200B; + +[ Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed ](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183) + +Let's check what Citadel says about its Prime Broker ----> + +&#x200B; + +[ Who is holding Citadel's bag of shit? ](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463) + +&#x200B; + +[T his is also found in Citadels 2020 Annual Finacial report \\"A substantial portion of Citadels' options clearing and Financing activities are with BAML\\" ](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb) + +BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless. + +**Something to consider...** + +Virtue Capital annual report + +[https://sec.report/Document/0001592386-21-000005/](https://sec.report/Document/0001592386-21-000005/) + +They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH ..... + +what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B. + +[https://outline.com/SxAFCy](https://outline.com/SxAFCy) + +https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8 + +Virtue Capital payment for order flow + +then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit + +**The Loan** + +&#x200B; + +https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b + +They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH + +**The New Hire?** + +A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutionsĀ at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal? + +[https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel) + +**Look for the usual suspect** + +I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them. + +[https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20](https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20) + +https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21 + +**The 13F Filings** + +In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit. + +[https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4\_tab\_link](https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link) + +**The recent Bank of America Q10 Quarterly report** + +I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem. + +The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that. + +&#x200B; + +[ Page 47 on their recent Q-10 ](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7) + +[https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf](https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf) + +**The Bullshit Push for Silver** + +Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit. + +[https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790](https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790) + +[https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/](https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/) + +**The Roaring Kitty** + +It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff. + +[ Bank of America ATM and the GME logo ](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5) + +**The closed locations:** + +Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look). + +**Bank of America Analyst Shitting On GME** + +"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%" + +"This is not a good quarter,"Ā Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company." + +Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January. + +[https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus](https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus) + +**Conclusion:** Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert\_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions. + +**Note**: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks. +I pay 15k for an GMP (3A Me + parents) and I lately found out that they don't cover cancer or mental illness treatments or meds. I suffer from OCD and ADHD (I have been off meds since 2020 when my condition got better but its again coming back) so need a plan that does cover it and also cancer just to be future proof. Please do suggest some. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. 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It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[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) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Youā€™ve been keeping your GME shares at your broker for as long as you can remember. Despite all the warnings your fellow Apes gave you about how shares arenā€™t safe at brokers, you didnā€™t believe anything could happen to you. After several months of countless Apes registering their shares in their own name, an announcement comes from Computershare: ā€œThe entire GameStop float has been locked. We can no longer accept any more orders. Thank you.ā€ Many Apes that didnā€™t DRS in time express their grief that their shares are stuck with their brokers and cannot be registered and protected. You realize that every Ape that registered their shares is safe, and youā€™re left gambling on the trust you have with your brokerā€¦ + +The next day you wake up late in the morning after a long sleep and check your phone. You have 34 text messages from friends telling you GME has exploded and the squeeze has started. Excited, you check the price of GME and see it jumped to $82,000 from $400 in just a few hours and is going straight pass $1 million at a fast rate. This is your time now, youā€™re going to have enough money to provide for your family for the rest of your life and build your own legacy with this newly obtained wealth. You won. + +You check the rest of your notifications and see you received an email from your broker. You read it. + +ā€œWeā€™re emailing you to inform you that your 32 shares of GME have been sold at a price of $390.40 at 9:31 EST. If youā€™d like to learn why, you can message us at [ā€¦]ā€ + +You realize your broker sold your shares without your permission a few minutes before the short squeeze began. + +Panicking, you message your broker multiple times asking why they sold your shares without your permission, demanding an explanation and calling them criminals. + +*No response + +You check r/Superstonk and see all the Apes celebrating their victory as the price of GME is now at $491,000 and climbing. You donā€™t know what to do anymore. Your heart is racing, your future wealth was stolen from you under your feet and you have no words to describe the pain. + +Days go by and still no respond from your broker. You check the GME price and see itā€™s at $2.5 million and still shooting up. Instead of joy, you feel agony seeing that price, knowing you wonā€™t get a piece of the unprecedented fortune... + +-Months Later- + +You join a class action lawsuit against your broker to get at least a portion of the money you lost from them, but they declare bankruptcy soon later. You know even if you win the suit against them, youā€™re never going to see that money you lost. + +-20 years later- + +Your children are reading the history books, learning about the economic crash of 2022 that took down several hedge funds and propelled the price of GME up 1,000,000%+. They ask you ā€œwerenā€™t you part of this movement? Why didnā€™t you become rich like the others?ā€ + +You tell them, ā€œI was supposed to, but I chose not to register my shares. I trusted my broker with my future, and they stole exactly that from me." + +-The End- +https://www.politico.com/news/2020/03/27/mortgage-system-collapse-coronavirus-pandemic-152338 + +How do you think this will affect us as real estate investors? + +Will this cause bank owned (portfolio) loans to become more accessible and cheaper? + +This thread is for speculation y'all, none of us really know. + +Be nice to each other and let's hear some thoughts! +Long-time lurker, first-time caller. I did some maths this weekend to validate my gut feeling that I could FatFIRE in about 4 years. Whether I will is another story altogether, but I thought I'd share that all with you to check my assumptions and share with those who might find it interesting. I'm happy to answer any questions that don't dox me. + +Quick background: + +* Mid-30s, SINK +* Highish level role at large tech company in a MCOL area. Paid a VHCOL salary. Job is stable. +* Liquid net worth: $2.9M invested in index funds, excludes home equity +* Income: between $1.8-2m if stock stays stable. Has increased significantly from 4 years ago, which is why NW is lower. + +# A look at spending in 2021: + +The first thing we want to look at is how much are we spending and how much will we need in retirement? Without this, it's impossible to have a clear retirement plan. + +I'll be honest: I didn't have a great handle on this until this last weekend when I went line-by-line through all my bank statements. I never operated with a strict budget. I knew I wasn't spending more than I could afford, given how much I was saving, but I didn't really know how much I'd need in retirement. My wild guess was around $250k. + +I was way off in how much I spent last year. I actually **spent $415k last year**. Uh oh, let's dig in. + +[Flow chart of income -> saving/spending/taxes](https://i.imgur.com/0RYx4a5.png) + +Looking at the flow chart, we can identify the biggest surprises and adjustments we need to make to better estimate retirement spending: + +* Housing at $230k. Biggest surprises were $75k on improvements, $35k on maintenance, and $55k on furniture. + * However, this is not as bad as it looks. We just recently bought a house that is > 40 years old and it had a lot of deferred maintenance/improvements that were needed. Our new house was also larger than our old house, so we had a lot of "filling the space" so to speak. This spending won't continue. + * I expect the new numbers to conservatively be: + * Improvements: $75k (2021) -> $50k (2022) -> less than $10k (ongoing) + * Maintenance: $35k (2021) -> less than $20k (ongoing) + * Furnishings: $55k (2021) -> less than $5k (ongoing) + * I also expect to pay off my mortgage before retiring. + * The above adjustments let us move long-term housing costs to $60k without a mortgage. +* Sports and Leisure at $80k. + * I bought a boat and that's the bulk of this. I'm just going to budget for $10k of ongoing expenses and a new boat every 10 years, so let's adjust this down to $20k going forward. +* Medical at $5k. + * This is too low for the long-term. Let's adjust to $20k to be safe. + +With the above adjustments we get to $200k in long-term spending. We can certainly spend much more if given the opportunity to do (see: above), but $200k would be reasonably comfortable. Let's add a lot of cushion, as travel will surely go up if the money is there, and say we want to aim for my original wild guess of **$250k for retirement spending and treat $200k as roughly the lower bound of our spending**, although there's clearly enough fluff to cut out another $30-50k easily if needed for a few years. + +# How much do we need to retire? + +This question is tied closely to our withdrawal strategy. A couple of options: + +* 4% SWR -> 25x expenses -> $6.25m +* 3.5% SWR -> 33x expenses -> $8.25m + +Well, let's stop right there. That's a massive difference in amount needed and represents years of additional work. At this point, I dug way deeper into the rabbit hole of withdrawal strategies and came across one I quite like: + +Variable Percentage Withdrawal (VPW): [Bogleheads link](https://www.bogleheads.org/wiki/Variable_percentage_withdrawal) + +The crux of VPW is to spend/gift as much as you can throughout your retirement, but safely using a increasing percentage of available assets. The general problem with SWR is you end up being overly conservative and die with a ton of money. For some people that's ok, but for us, I'd rather gift/spend it all while I'm alive. You can read the above link for more info, but the implications are: + +* Withdrawal rate is variable. You won't know exactly how much you have to spend ahead of time for a year, but there are some smoothing techniques. +* You have to be able to cut spending significantly in a down market. +* You should be able to ramp up spending/gifting in an up market. + +I won't try to convince you this is the answer for everyone, but I read the entire bogleheads thread and for us, I think it will work quite nicely. I played around with the numbers in the spreadsheet they have and at around $6.5m, with paid off house, our **projected safe spend for retirement is $190-$310k** in year 1. + +That's a really reasonable spread for us with $310k in a normal year and $190k if the market dropped 50% the year we retired. Our minimum above was $200k, but even that had some fat to trim. Our normal spend was $250k and this is well above that. + +In reality, I'd probably modify VPW slightly to not withdraw the absolute maximum every year, so that helps provide a little bit of additional cushion as well. + +So our **retirement number is $6.5m with a paid off house**. + +# When will we get there / what will we do? + +This is a little harder to figure out, but my best guess looking at expected spending/savings rates and very modest market growth is that it will take about 4-5 years to have saved $6.5m and paid off my mortgage. There's definitely some variability to this depending on how the market does. I don't intend to consider retiring before this time hits even if the market does well, and if the market does poorly I'm fine staying on a couple years longer. + +That's a reasonable enough answer for me, and there's the no rush to immediately retire once I hit that number, again providing additional cushion, but it gives me a rough sense of when I can take a hard look at either continuing my job, retiring, or exploring jobs that are more passion projects. + +Unlike some people, I have no shortage of ways to fill my time and despite having a high-flying job at a large tech company, I don't tie my identity to that. I'd also love to spend more time with my family. So when the time feels right, I think I'll be able to pull the trigger no problem. + +This was a useful thing for me to type out, but I'm not sure if anyone here got any value out of it. If so, I'm happy to answer any non-doxing questions and if this gets a good response, I'll try to do it again every year into the first few years of retirement. +I donā€™t know what else to say- title sums it up pretty well. This sub is becoming the epitome of buy high sell low. Everyone talks about how they wish they bought x or y asset ā€œback when it was cheap.ā€ Now things are getting cheap again and instead of staying level headed people are just losing their minds. But itā€™s funny to me, because itā€™s people lump sum investing into solid investment during conditions like these that end up walking away as millionaires. + +Itā€™s funny also how so many were smug and dismissive about anything that wasnā€™t an overhyped large cap tech stock and now thatā€™s those are imploding people have no imagination what else to invest in. + +- work hard to maintain an income that affords you enough to invest. Not easy but this should be your priority + +- DCA all the way down and then continue DCAing on the eventual return up + +- Put most of your money in global market index funds. Only put a small part of your portfolio towards stocks you do great DD in + +If you are young and do these things- youā€™ll walk away a millionaire. + +Or donā€™t and doomscroll Reddit until youā€™re feeling FOMO in the next bull market. +So after being semi-flamed and semi-helped for my first post. I finally bought my first GME stock today. This one I bought from Tradegate (hope that is fine) and I am planning to stock up on 1-5 from NYSE once my paycheck is in end of the week. + +Hope I can do my part here :) + +And yes I also came over from crypto but I don't see anything wrong with that. I hold both now, Crypto and GME. Since I don't trust banks I believe that decentralizing everything in Crypto in a way supports what we stand for (also possible GME gains go right into my crypto wallet after holding until the hedges bleed) + +Edit: Thanks everyone for the support! This sub is amazing! I actually added another 3 (2 through NYSE and 1 more through Tradegate) this morning. Make the hedges bleed. +I'm from a 3rd world country with a very unstable economy and hyper inflated currency. I got into cryptocurrency at the beginning of COVID because I lost my job and there were no other jobs available, so I did some research and saw how fiat and will of governments are the major reason my people suffer this much and also how crypto can help bypass these restrictions. + +So, after doing research and calculating electricity costs and gains, I invested most of my savings into a small mining rig which ended up earning me more money per month than my previous job because the price of ETH got better. For reference I was making 110$ per month from my job, but I was earning roughly 160$ from mining every month. I found another job recently, but for quite some time, mining was my primary source of income. Now I roughly earn 300$ per month, mining + my job. + +Anyway the reason I brought this up was to show how little I was earning and how I still managed to invest in crypto. Usually investing requires a large amount of initial capital (Such as stocks and property), which many people don't have, but crypto doesn't have any such barrier. I started spending less and less on things I didn't really need. Smoking, drinking, occasional drug use (marijuana) and ordering food all the time. These can be anything, for me it was these things. Some people spend excessive money on collectible, games, clothing etc... So its up to each individual to find out what is their needless spending. + +I quit smoking, drugs and alcohol and started cooking more. This allowed me to invest around 1$ per day in BTC or coin of my choice. Sometimes I simply held onto my ETH instead of selling it, and sometimes I bought another coin. But as I said, it was around 30$ a month. It's basically nothing in terms of international value, but it was decent amount of money for me (inflation is a bitch) and now depending on the coin I invested in, I have profits in almost all of them. Even though I convert most of my mining into fiat to spend on bills and costs of living, every investment I made I've been hodling ever since. It didn't make me rich or anything, but now I have basically tripled my investments and have more in savings than I ever did. + +Which one are you more likely to regret more: + +1. I could have spent the whole year smoking and drinking, and eating bad food, but I didn't +2. I could have spent the whole year investing in crypto and living a healthier life, but I didn't + +In fact, with my savings, I would feel less terrible for indulging in things I quit now and then, because its no longer a big economic drain like it used to be and we are all human, so we do deserve some leisure spending. Its all thanks to that crucial year of investing. + +I recommend everyone to do their own research, but I still believe it's early enough to invest a small amount of your income in crypto every month, hodl and see profits long term. My mother thinks I am some kind of genius for tripling our savings, but she simply doesn't understand the concept of crypto. In reality, I was just following crypto info on my 2nd monitor while gaming and not spending money on things I didn't need. I am no genius. Crypto simply provides investment opportunities to people who don't have large initial capital to invest in traditional investment avenues. + +I hope this has been helpful to other people with low income, specially others who are also from countries that have unstable economy and inflated currencies. Even 1%-5% of your monthly income in crypto is a good long term investment, but as always do your own research and pick your coins. I didn't do "day trading" or try to invest in new coins, hoping they would go up. I mainly invested in coins that were solid already. I would suggest the same for fellow low income investors. In the end this has been my experience, and I thought I should share it. And don't forget, this is just for one year. The more we hold, the better. Finally, even if we don't make it, we have merely sacrificed unnecessary things in our lives, we still have the friends and connections we made along the way. + +P.S: Happy new year and Nowruz to everyone who follow Iranian/Zoroastrian solar calendar around the world! The equinox is upon us and spring has sprung! Happy first day of spring. + +Edit: Thanks a lot for all the rewards and support! I would love to message each one of you to thank you individually, but there is so many of you! Thank you very much for all the support. +There was a study from Texas A&M that was highly cited in Superstonk last week upon news of GME moving from the S&P SmallCap 600 to the S&P MidCap 400. I myself wrote a summary of the conclusions of this study on what to expect: [https://www.reddit.com/r/Superstonk/comments/oswfnz/gme\_to\_the\_sp\_midcap\_400\_on\_aug\_4th\_possible/](https://www.reddit.com/r/Superstonk/comments/oswfnz/gme_to_the_sp_midcap_400_on_aug_4th_possible/) + +I and others who cited this study missed something very important! The problem is that this study ([https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf](https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.522.7114&rep=rep1&type=pdf)) lumps promotions from the S&P 600 to the S&P 400 TOGETHER with promotions of non-indexed stocks straight into the S&P 400. Therefore, this did not give us a clear picture of what **specifically** to expect for GME moving **FROM S&P 600 TO S&P 400**. + +[from Texas A&M study](https://preview.redd.it/f0ymun3fl6f71.jpg?width=878&format=pjpg&auto=webp&s=35bc6155d889bca54ef2dff09c73a4695b607ea3) + +For GME's specific type of promotion (from **S&P 600 --> S&P 400**), we must turn to a separate study ([https://cdn.ihsmarkit.com/www/pdf/1020/Index-Inclusion-is-More-Impactful-than-Warren-Buffetts-Berkshire-Hathaway-v3.pdf](https://cdn.ihsmarkit.com/www/pdf/1020/Index-Inclusion-is-More-Impactful-than-Warren-Buffetts-Berkshire-Hathaway-v3.pdf)) which I summarize below. + +[\\"larger index\\" here refers to S&P MidCap 400](https://preview.redd.it/cule7agul6f71.jpg?width=512&format=pjpg&auto=webp&s=770f07f21915521f8d6c56689ecb3c3694647e1a) + +Okay, so this is the opposite of what the Texas A&M study was inferring, but also specifically referring to promotion **FROM S&P 600 TO S&P 400**. **What SHOULD we have expected upon the S&P 400 news? A dip! What did we get after the news? A DIP**. Nothing out of the ordinary. The **average dip is 5.5% from the announcement of this type of promotion** ("on date of announcement"); The announcement for GME came AH on 7/27. GME closed at $178.54 on 7/27 and then gapped down on 7/28 and closed at $169.12. A dip of $9.42 or **\~5.3%**. This is about as close as you can get to exactly what we should have expected! This was predictable, we just missed it. + +[middle bar is the one of interest here](https://preview.redd.it/u1igtv1wn6f71.jpg?width=531&format=pjpg&auto=webp&s=4695a95b5b6d248293bcd5d91a967b17730078b5) + +In fact, it would be **so** **rare** to see a price increase when a stock is promoted from S&P 600 --> S&P 400, that out of the \~300 index changes analyzed in this study, **NOT A SINGLE ONE** showed gains. + +[Middle bar shows us how normal a dip after promotion to S&P 400 from S&P 600 is! It would be abnormal to see anything else, in fact!](https://preview.redd.it/atb6b29to6f71.jpg?width=549&format=pjpg&auto=webp&s=f077d85375e3de8889e3fd4bbebd63a83d799da2) + +So have the dips AFTER 7/28 also been due to promotion to S&P 400? As this study finds, that is **unlikely**. The dips since 7/28 have probably been SHFs taking advantage of the downward pressure put on the stock by the promotion to S&P 400 and trying to suppress it for as long as possible (my best guess). In addition, the study found **NO TREND on the date of the fund move (TOMORROW for GME)**, **so do not expect any serious price action tomorrow solely due to S&P 400 promotion**. Lastly, don't expect any additional price action (positive or negative) in the next few months that would be attributed to S&P 400 promotion. + +https://preview.redd.it/kw47qtvqp6f71.jpg?width=535&format=pjpg&auto=webp&s=24966a2f0d4749d35e3a811aa6fd7ba5832d1f71 + +Summary (**TLDR**) + +* We (I included) misinterpreted that highly cited Texas A&M study that said we should see positive price action from the promotion to S&P 400. +* Instead, **promotion from S&P 600 to S&P 400, specifically, leads to a dip, RELIABLY,** based on a more specific study of this type of promotion. Average dip of 5.5% after announcement - GME dip after announcement 5.3%, **spot on!** +* It is unlikely that any price action after 7/28 has anything to do with S&P 400 and it is more likely SHFs taking advantage of the downward pressure due to the move from S&P 600 --> S&P 400. +* We should not expect any further selling nor buying pressure from GME's move into the S&P 400, including tomorrow when that move becomes official. +* This changes nothing other than you should find comfort that the dip on 7/28 was likely due to promotion into S&P 400 and subsequent dips may be due to SHFs taking advantage of the initial downward pressure. +* I love this stock and continue to buy, hold, and buy some more. + +Not financial advice, you all know that. + +&#x200B; + +edit1: typo, thanks u/guerillasouldier + +edit2: A lot have mentioned GXO Logistics (GXO) and Victoria's Secret (VSCO), both of which are also moving into the S&P 400 and are seeing gains, not dips. Remember, both VSCO and GXO are moving from **non-indexed** into the S&P 400. This is a completely different index move from what GME is making (S&P 600--> S&P 400). Based on the graphs in the study, this is also to be expected. + +edit3: I also did a qualitative volume analysis you can see here: [https://www.reddit.com/r/Superstonk/comments/oxing8/sp\_midcap\_400\_promotion\_tomorrow\_volume/](https://www.reddit.com/r/Superstonk/comments/oxing8/sp_midcap_400_promotion_tomorrow_volume/) +I'll keep it simple - I'm a mid-30s director at a mid/late stage startup (non-technical, if it matters). Virtually all of my conversations with my management are around organizational priorities and updates. I have not received any tangible developmental feedback in a long time. + +At this stage of my career, is it reasonable to expect any guidance to come from my chain? + +Is it even appropriate to ask, or does that makes me look 'weak'? + +Is this something I need to specifically identify a mentor for? + + +Understand this isn't 100% related to FatFIRE but figure it's an appropriate audience given the concentration of highly accomplished professionals. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey SuperStonk, +Long story short I got a few apple cider margaritas deep & like to talk. Initially it started with macro economics & the friday bloodbath around the market. Progressed into MSM manipulation & settled down on the ingenious naming of ā€œmeme stock,ā€ how this name was given to discount the legitimacy of our stock & its fundamentals. + +Anyways my dad brought up how GME happened in January (they know I was invested then) & asked deeper about why. + +Went on a rant starting with January sneeze, then leading into SECs report on it, into DDs such as House of Cards, Emperor has No Clothes, etc. + +As of market open on Monday, my parents decided to put in enough to become xxx holders. And it was made extremely clear, no financial advice or pressure was given. They decided it was a worth while investment on their own accord. + +For those wondering: yes these will be bought via CS. + +I believe thereā€™s many other instances like my own & we will see a new wave of boomer apes. + +TLDR; parents decided to invest xxx shares via ComputerShare after my drunken Thanksgiving dinner rant. +I made a DD post 1 hour ago and it is now 30 posts deep with maybe only two or three of those being worth any shit at all. I know there are a lot of new traders here but this is ridiculous. If you got a question about holding bags ask in a comment section. You want to send a picture of xspa setup, post in a fucking thread that's related. + +All of this spam is absolutely not helping anybody at all. My personal opinion would be that if it's not DD why the fuck are you posting it? + +People should not have to sort through the pile of trash which is reposts about the same thing over and over again just to find something new and promising to invest in or trade. + +Megathread and removals would definitely help but what would also help is people just stopping. If you aren't bringing something new to the table why are you posting? So many good things get missed or don't receive the traction they should because it's hard to sort through the pile of garbage. + +You have a play that's already up 200%... No + +You want to talk about the bags you're holding.. No + +You want to mention gnus for the 263rd time.. No + +Picture of the HQ... No + +You've spent the last hour researching and want to share information regarding a new stock that isn't on the radar yet... Yes! + +Seriously if your post took 36 seconds to come up with chances are you aren't helping anybody. + +I don't know about you guys but I'm trying to make money not look at pictures of headquarters and hear about something that has been talked about four thousand times over the last week. + + + +Iā€˜ll make it short Iā€˜m 16 years old and started with $250, I lost $150 in 2 weeks due to meme stocks and being an absolute beginner. + +After 2-3 months of not looking in my trading app I started to learn TA and did very well, I learned and practiced a bit more. + +Now 6 Months after opening my account I blew it. 11 of my last 15 Trades were green, and today was a big day for me, Germany30 touched the major support, I waited like 3 weeks for this. +I went all in like I do it everytime (I do this because I only have like $120 in my account and this should have been an ā€absolutely safeā€œ trade). The 15700points index lost 2% in 6 hours and knocket me out (yes I didnā€˜t use a stop loss because I did not think that it will lose 250 points today). + +Just wanted to share this. +I know that I made a mistake. +The sad thing is not the loss of money, but that I was wrong with my trade, that I was starting to being profitable and fucked everything up and that I canā€˜t trade with real money until Iā€™m 18. + +It was a nice journey that had to come to an end today. +Iā€™m learning about value trading and I want to know how people approach the market during a down season or during a volatile season. For instance, how will you manage your portfolio if we are headed into quantitative trimming and geopolitical tensions for the next 1-2 quarters? + +Thanks +I love everyone's input on my EDU and JD posts, thank you for that. + + +Now, let's talk Marijuana. + + +Is it a good investment, and why? + + +Who do you think is currently, and will continue to be a major player in this dance with Mary Jane? +There are quite a few people here who exclusively invest in very small cap companies. What was the first stock you hit big on? What attracted you to it and do you still hold it now? +Over the weekend, Credit Suisse, the second largest bank in Switzerland, has been in the news primarily for its credit default swaps spike, which led many people to compare it with Lehman Brothers in 2008. + +**What is credit default swaps:** + +Credit default swap (CDS) is a form of insurance that protects a party against payment defaults. + +Banks like Credit Suisse often sell bonds to investors to raise capital to invest in their businesses. Bonds are debt securities. Overtime, banks need to pay back their bondholders principal and interests. However, if a bank goes bankrupt, it may not be able to pay back the full amount it owes to its bondholders. To help manage that risk, bondholders can buy CDS to transfer the risk to a CDS seller who acts as a insurance provider. In the event of a default, the CDS seller has to pay the full amount to the CDS buyer. + +CDS is a type of derivative contract. Just like options, they are derivative contracts entered into between two parties (a buyer and a seller). Buyers buy CDS to protect themselves against the risk of non-payment. Sellers sell CDS to make money on the premiums, just as an automobile insurance company insures cars. + +**The role in the 2008 financial crisis:** + +CDS is invented by JP Morgan Bank in 1994. By the end of 2007, according to Corporate Finance Institute, the value of CDS stood at $45 trillion compared to $22 trillion invested in the stock market, $7.1 trillion in mortgages and $4.4 trillion in U.S. Treasuries. + +Many financial institutions were involved in CDS trades, one of the biggest was Lehman Brothers, which owed $600 billion in debt, out of which $400 billion was covered by CDS according to Forbes. + +Lehman Brothers bought the CDS contracts from financial institutions such as American Insurance Group, Pacific Investment Management Company, and Citadel. Banks historically do not usually go out of business, so these CDS sellers did not expect Lehman Brothers would default. When Lehman Brothers declared bankruptcy, American Insurance Group lacked sufficient funds to cover swap contracts, and the Federal Reserve needed to step in to bail it out. + +After the event, CDS became regulated. + +**Why is it important**: + +Credit Suisseā€™s five-year CDS is priced at 250 basis points over the weekend, very close to its 2008 level according to Bloomberg. + +If the CDS on Credit Suisse's debt gets too expensive, it means that investors donā€™t trust the bank and the bank will be likely unable to raise capital when it is needed to meet its financial obligations. Plus Credit Suisse has been losing money since the beginning of the year according to its quarterly earnings report. Its stock price dropped 54.6% year-to-date compared to 12.6% down of S&P Banks Select Industry Index. + +If a large bank like Credit Suisse goes out of business, it will have a severe impact on the global economy. + +If you like reading things like this, check out my free newsletter in my profile. Hope it helps! +Hi, + +So I gave my SSN to my future landlord for the rental application/lease agreement and a month later, he sent all of the people living in that apartment eachotherā€™s SSN, past addresses, DOB, etc. + sent it to one unknown person because he mistyped an email. What should I do? + +Thank you. +about a month ago, i shared a post about reaching a personal goal of having $600k in my ira. + +link: [https://www.reddit.com/r/dividends/comments/n5ls7f/just\_reached\_my\_personal\_goal\_for\_2022\_in\_my\_ira/](https://www.reddit.com/r/dividends/comments/n5ls7f/just_reached_my_personal_goal_for_2022_in_my_ira/) + +update: the market has been pretty choppy since then, but my ira balance is now $625k, which is a growth rate of 50% annualized. obviously, i don't expect to continue to see that rate of growth with a portfolio that is 85% dividend stocks/etfs/cefs. but it is encouraging to know that my focus on high yields hasn't completely left me without growth. + +okay, let me get to the meat of this post. i really only started converting my portfolio to dividends focus since 2019. i've been tweaking it ever since. a large portion of the tweaking was done during the first eight months after the covid crash hit bottom, and i was able to capture a lot of growth from my high-yield dividend stock purchases. + +here's an example: on 05/26/2020 i bought 522 shares on $SNV for $10.248.50. at the time it had a yield of about 6.8%. the share price has gone up by almost 154% since then. I sold off a little less than half to purchase other investments with a higher yield, but i still have $13k of this stock. it currently pays a yield of 2.79%, which is one of the lowest yields in my portfolio. but my yield vs cost is still 6.83%. + +on that same day, i bought 4,297 shares in six other investments. the total purchase price was $46,691.83. those six investments have a current value of $72,143.01. they currently pay dividends of $4,888.11 per year - which amounts to a 10.47% yield vs cost. + +since that day, i have tweaked my portfolio many times - selling older investments that paid little or nothing in dividends and striving for a balance of high yields and decent dividend growth. my overriding goal for 2021 was to get the portfolio up to $40K per year, and due to a few high-risk investments that i made this week i have now achieved that goal. the high risk investments totalled less than 5% of my total portfolio, which was within my comfort zone. the reason for the $40k goal was that i calculated our annual costs for our absolutely necessary expenses and $40k covers that. we do have an emergency fund that could cover our living expenses for three years, but now we feel like we are doubly covered. + +my next goal, which i believe i can achieve by the end of 2021, is to get to an annual passive income of $48k per year. once i reach that goal, i plan to change my future investments to dividend growth only. no more purchases of riskier high-yield investments. i will probably put most of the money into $schd or something similar. tbh, we do not plan to touch any of the money in my ira for the next six to eight years. that should result in somewhere between $350k to $600k additional growth to my portfolio and annual dividend income of at least $60k. + +another change that i am strongly considering is to cash out around $50k per year and do a backdoor roth contribution. then, i would build the dividend-growth etf(s) in the roth instead of my traditional ira. this will give us more flexibility in withdrawals and rmds. + +we use a multi-bucket approach to investing. my ira is one of the largest components, but we also have a rental property that brings in over $25k net income per year. another bucket is my social security. my plan is to wait until age 70 to maximize those payments, but after running some numbers, i may actually start collecting at age 66.5 or even sooner because the difference isn't really significant unless i live until 95. we also have a couple smaller buckets which include my wife's ira and her social security. those won't come into play for at least another decade. +I'm an undergrad econ student looking for an interesting research idea. So, I was playing around with some wealth data from the world inequality database and began wondering if there was any link between wealth inequality and the Phillip's curve relationship. It made sense to me as unemployment is essentially a proxy for aggregate demand, changes in which drive inflation. When people have accumulated income from other periods (wealth) they can then substitute that in place of a lost salary if they lose a job for instance eroding the strength of the Phillip's curve relationship. I found a significant relationship from 1960-2016 in the UK, and found a similar relationship in the U.S. but not statistically significant. Because I have to build multiple short run Phillip's curves I don't have a ton of data points though. Does it seem like there's anything here/has anyone else thought about this? +Like it sounds stupid I live in London and am studying Economics at university but I still don't understand the uk economy. + +Like we dont produce anything, litteraly everything I own is from another country, my Samsung fridge, Samsung phone, TV, coca cola, my Nike clothes, single use plastics mate even the pizza I get has tomatoes and god knows what else shipped over from another country. + +The only things I think we produce are restaurants, finance, some cars and thats litteraly it + +Am I missing something ?? +So, I have this hobby of tracking shares Fidelity Lends ("Shortable Shares"). Last time I noticed an anomaly I [Posted about it](https://www.reddit.com/r/Superstonk/comments/rbr75v/fidelity_only_has_28k_shares_left_to_lend_let_me/) about it and sure enough Fidelity went to 0 during Market Hours. + +Today, I am seeing another bit of odd behavior in that Fidelity has 0 to lend as of 06:05AM up until current (08:32AM). Normally, by now some shares have been returned and borrowing commences. + +For me, this indicates two things: + +* DRS has been working (namely since they have not been back to 1MM Lendable Shares) in a month or more. + +* Something is brewing + +Edit: +P.S. Thanks to u/LeftHandedWave for assistance with Reddit Tables + +Also, for reference here is what transpired on Friday: https://www.reddit.com/user/Mirfster/comments/ryba5g/fidelity_lending_01072021/ + +**Additional Update Info From Stonk-O-Tracker:** + +* Available Shares Left: ~~10,000~~ ~~20,000~~ ~~15,000~~ ~~10,000~~ ~~15,000~~ ~~10,000~~ ~~15,000~~ ~~10,000~~ 15,000 (As of 04:16PM) + +* Available ETFs Left: ~~2,787~~ ~~3,257~~ ~~3,134~~ 3,037 (As of 04:16PM) + +Update 12:04PM: 172,540 have been returned to Fidelity and are Available (my table updated) + +Update 12:17: Shares being returned, reference table. + +**[Post](https://www.reddit.com/r/Superstonk/comments/s0jt2v/gooood_mooooorrrnning_hedgies_running_out_of_ammo/) by u/jessesal and u/ResolutionHorror541 that is also proving Apes are on this (and came before mine).** + +Apes Together Strong! +I have some PEP stocks and consider adding more. My ideas are quite simple: they're still below the pre-COVD levels and their business will definitely benefit when things will be back to normal. The Debt/Equity is what scares me a bit, but I don't expect them to disappear. +Their dividends are still above the 5-yr average. +My father is 62 and he has $0 saved for retirement. He can no longer work, as he has diabetes and recently got a foot infection. His leg may have to be amputated. + +He currently lives in a section 8 style apartment with subsidized rent with his significant other. They have hit rough times, and he may have to leave their home in South Florida. His income has been 0 for the last two years, so he wouldnā€™t qualify for any other place even if he tried. + +He says he wouldnā€™t qualify for Social Security. He was an accountant by trade, so Iā€™m inclined to believe him on this. He immigrated to America as a young adult, so I do not know if that means he overstayed his Visa, or if heā€™s here illegally, or if that is just the law. + +I am so lost on what I should do. I make 30k a year and live several hundred miles away from him. Whenever I have extra money I send it to him, but thatā€™s just not enough. + +I may be wrong, but from what I understand he was here legally for some time. He was a registered accountant and a registered realtor, which seems like things he couldnā€™t do if he was here illegally? + +But now that I think about it, he told me once that he got let go recently (3-5 years ago) from one of his jobs because he kept giving the company an incorrect SSN. Which makes me lean towards expired Visa. I am not knowledgeable in Immigration law, so i could be completely wrongā€¦ + +Do you guys have any recommendations? Iā€™d love to hear it. + +Edit: heā€™s a resident alien, thank you guys +(Source of the info: [https://en.wikipedia.org/wiki/POSCO](https://en.wikipedia.org/wiki/POSCO)) + +How did their economy develop so fast? Any good research or explanations for that? +Im sure there are people out there, prob many but was curious if anyone uses this strat, selling 0 DTE or weeklies on indexes as a main source of consistent income. I started selling premiums a couple weeks ago on the NDX and have been selling 0 DTE and 1 DTE credit spreads which i sometimes leg into iron condors if the trade comes to me and works out that way. Ive been having a success rate around 85% on around 35 trades and averaging $3K- $5K per week mainly on the NDX with maybe a SPX trade or 2. All from my shitty boost mobile phone while i work my shitty ass 9-5 corporate job. My goal is to continue to learn as much as i can and keep consistent risk managment and consistent gains until i reach my goals in the next 4-6 months. Can one really break out of the mold, and say F U to the man and use selling premiums as a good source of income at first, to front run other investments and plays and to work hard and earn money for oneself? +As the title says. I am broke, my partner and I have a combined income of less than 4k a month. Neither of us were able to attend college. We barely make enough money right now to put food on the table. We are on the brink of homelessness. I am a 1099 Contract Worker, and as winter starts to set it, work can get scarce, my fiancĆ© makes around 1200/mo before taxes, but was laid off from her previous job 2 weeks ago, so she took the only job that could start her that day. I drive for work most days and usually drive up to an hour one way, which means Iā€™m filling up my gas tank twice a week, Thatā€™s a $300 dollar expense just to make money, our rent is $700/mo. Amongst other things like basic utilities, groceries, etc. We usually only have around $50 combined after paying our rent at the end of the month, we have been without water for over a week, and our electricity will be shut off soon if we canā€™t make the 400 dollar payment this month, and to top it off my student loans start back up soon. What can I do to turn my life around? Iā€™ll do anything at this point. I get being broke is part of the 20ā€™s experience, but this is just insane. Iā€™m generally very financially responsible and other than the very occasional discretional spending, almost all of our combined income goes to bills. + +Hereā€™s a monthly breakdown + +Rent: $700 + +Utilities: ~$550 + +Car PMT: ~$190 + +Car Insurance: $132 + +Groceries: $100 + +CC Payment: $55 + +Auto Repair Loan: $122 + +Gas for 2 vehicles: $520 + +My average monthly income is just over 2.2k and hers is just shy of 1k. +Hey everyone, I am 20 yrs old and trying to plan for my future by creating multiple streams of income so I can pay off my debt and really begin to invest. The problem is im not really sure how to make that possible. Right now i do door dash while im looking for a decent paying job and once I find one thatā€™ll be 2 streams of income but I wanted some advice on how you guys build streams of income? There seems to be so many options Iā€™m not sure where to start. Iā€™d love to tutor on the side but Iā€™m not sure where to start. Thank you in advance ! +**1600$ BROKEN! when I made this post it was below 1500$.** + +We did it! Finally Ethereum picking up some steam after getting rejected multiple times trying to breach ATH. By the time this post is out we will likely entering the 1500$ zone. After Hodling and buying more in the 100$ region I canā€™t express how happy I am with this outcome, Hodling is the way to go in crypto if you want to make longterm gains. I'm personally not thinking about selling yet, it feels like we're just at the start of something greater, something larger than we saw during the 2017/2018 bullrun. + +Prepare yourselves for a crazy altcoin season, may the gains be with you! + +**Edit 1:** 1490$ hit on Binance + +**Edit 2:** it hit 1498$, this is going insane + +**Edit 3:** Moon initiated! Holding above $1500 + +&#x200B; + +[I like round numbers](https://preview.redd.it/c0ac8xsxf4f61.jpg?width=403&format=pjpg&auto=webp&s=fa4180f696f96eaff5185d81ccc1bbed8e42d4eb) +I keep running into comments about different stocks on different platforms about ā€œshort squeezesā€ and when I look at their short float itā€™s at like 3-4%. Are people that clueless that they think everything is gonna be like gme and is anyone actually believing this nonsense. +I'm a federal employee and you wouldn't believe how often I encounter people who have no idea how any of our benefits work. The most common I see are: + +* People find out they (or their federal employee spouse) are pregnant and want to know how much maternity leave we get (answer: NONE) +* They think FMLA is 12 weeks of PAID leave - this is disturbingly common +* Then they want to know how they can get short-term disability after the baby is born (answer: that's not a benefit the government gives you - you would have had to enroll before now) +* They want to know how the leave bank works (many agencies have this) and are shocked when they find out they would have had to already be contributing to it in order to draw from it +* They have no idea how our retirement savings (TSP) work - have either not been contributing since they started employment, or are contributing a little but have never adjusted the allocation beyond the government bond fund that all new enrollees are in + +Most people are pretty good at researching all the ins and outs of health insurance, but beyond that they make a lot of assumptions about our benefits and never bother to dig into the details. This leaves you woefully unprepared for an event like a medical emergency or pregnancy. +Hi Everyone, + +Just want to take a moment to say thank you to this sub for educating me so much over the past couple of years in my own journey to FI. So many of you have been a tremendous help. + +Iā€™ve been through 2 big downturns (2001 and 2008). My advice is to stay the course through this. Weā€™ve all been saying that we would, but the rubber is meeting the road now and weā€™re all going to be tested. In my opinion, this is likely to get worse which as you all know gives us a buying opportunity. It has the same feelings the other ones had in terms of fear. Anyway, I wish you all the best. Just remember that the market always recovers in time, + +Iā€™ll leave you with this from our good olā€™ buddy JIm Collins. + +https://www.youtube.com/watch?v=OOGU94eL07E + +EDIT: Thanks for the awards! +[https://www.reddit.com/r/Superstonk/comments/whchin/this\_is\_about\_share\_distribution\_and\_not\_the/](https://www.reddit.com/r/Superstonk/comments/whchin/this_is_about_share_distribution_and_not_the/) + +This guy wins the internet today. Go upvote the fucker. + +Have come to the same conclusion separately but a full day after not seeing his post. + +&#x200B; + +&#x200B; + +Please see edit 2 at the bottom of post. + +&#x200B; + +If your broker/custodian filed as a forward stock split, function code FC-02, ISO event code SPLF + +and not function code FC-06, ISO event code DVSE + +Then All of those share are using that code were put into brokerages are counterfeit. + +All of the shares that were delivered to the DTC from computershare can then be also used to close the shorts. + +How that works, is with the 02 code, shares just get split. None delivered by the DTC to the custodian/brokerage. + +The just get split. + +Function Code FC-06, they get shares delivered to them by the DTC which they credit towards the accounts. + +&#x200B; + +How this fucks you all is that if FC-02 was used then you all just got robbed. Every single gme shareholder. + +Even if one brokerage used FC-02, you all got robbed. + +&#x200B; + +How this works. + +On the day of closing before splivvy GME price is $153.47 + +Just splitting the shares and not using ones delivered to the DTC by gamestop means they are now stealing $115.10 from you and also then also allocating to your account, 3 counterfeit shares. + +Adding those 3 extra counterfeit shares then dilutes the float which in turn then devalues the stock you hold down to $9.59 + +as it effectively divides the $38.36 by 4. + +&#x200B; + +I'm writing an email to my brokerage about the shares left in my account + +&#x200B; + +&#x200B; + +You can copy pasta. + +&#x200B; + +Hi, I am emailing you in regards to Possible international securities fraud by the DTC in how the GME (CUSIP Number: 36467W109) ticker was split. + +I have a single question which i need answered by you in regards to this event so i can provide that information to the relevant authorities. + +I am asking for how your brokerage/custodian was directed by the DTCC to perform the stock split by dividend . + +Please check on the DTCC Corporate actions web portal. You will find it on the first page using GME CUSIP number provided. + +&#x200B; + +Was it filed as stock dividend which should be processed as function code FC-06, ISO event code DVSE. Please see notation 1 + +&#x200B; + +Or was it filed as a forward stock split, function code FC-02, ISO event code SPLF. Please see notation 2 + +&#x200B; + +Please see the official DTCC documentation here on page 15 In regards to these codes. + +[https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO\_20022\_EntAlloc\_UG.pdf](https://www.dtcc.com/-/media/Files/Downloads/issues/Corporate-Actions-Transformation/ISO_20022_EntAlloc_UG.pdf) + +&#x200B; + +The difference between the 2 will provide proof of the fraud. + +&#x200B; + +Gamestop (CUSIP Number: 36467W109) Issued a four for one stock dividend. + +Please see the Official SEC filing. [https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm](https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638022000100/gme-20220706.htm) + +&#x200B; + +In the event this has been filed as a forward stock split, function code FC-02, ISO event code SPLF + +I have been defrauded in the manner of the DTC not issuing the stock that was issued by Gamestop - GME (CUSIP Number: 36467W109). + +But by just multiplying the number of shares by four and not using the issued shares of common stock distributed to them. + +&#x200B; + +Please see quote from gamestop + +"GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, + +which has confirmed it subsequently distributed the + +appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants." + +Official Gamestop statement. [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n) + +&#x200B; + +The cost of this possible fraud can be calculated in the manner of on the price of the close before the stock started + +trading at the new four to one dividend. + +GameStop shares closed at $153.47 on Thursday july the 21st and opened on the 22nd at an adjusted price of $38.36. + +$115.10 of value would have been stolen per stock, and then the float would have been devalued to $9.59 per stock after being + +diluted with an extra 3 fraudulent shares not issued by Gamestop (CUSIP Number: 36467W109) Please see notation 2 again. + +&#x200B; + +Notation 1, + +From the SWIFT standards for securities markets, event type "stock dividend", ISO code DVSE. + +Here's the definitions as per the standard: DVSE - Dividend paid to shareholders in the form of equities of the issuing corporation. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +&#x200B; + +Notation 2, + +From the SWIFT standards for securities markets, SPLF - Increase in a corporation's number of outstanding equities without any change in the shareholder's equity or the aggregate market value at the time of the split. + +Equity price and nominal value are reduced accordingly. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +&#x200B; + +They did not issue a four to one forward split. + +You have a fiduciary duty to report known fraud and prevent your customers from being defrauded as well. + +&#x200B; + +Please make this a priority of the highest order. + +&#x200B; + +Please reply to me ASAP with the Function code this was filed as. + +This is the only question i have. + +&#x200B; + +Regards, + +&#x200B; + +Edit, DTCC to DTC where appropriate + +&#x200B; + +&#x200B; + +Edit 2 + +[https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf](https://www.dtcc.com/-/media/Files/pdf/2013/3/22/0424-13.pdf) + +states that + +Current Process + +At times, DTC will either announce an Issuer declared Stock Split event as a Stock Dividend (function + +code 06) or it will announce a Stock Dividend event as a Stock Split (function code 02). This occurs + +when the respective Exchange provides an ex-date ruling that falls outside typical declarations for those + +events. + +In these business scenarios, to facilitate proper processing, DTC must announce the event with a + +function code that differs from how the stock distribution is announced in the market place. Stock + +Dividend events (FC06) with ā€œirregularā€ ex-dates, are announced as a Stock Split (FC02) with + +comments explaining that the event is actually a Stock Dividend. Conversely, a Stock Split (FC02) with + +ā€œnormalā€ or no ex-date, the event is announced as a Stock Dividend (FC06) with comments explaining + +the event is actually a Stock Split. + +New Process + +In an effort to maintain the Issuerā€™s announced event type and maintain current processing rules as + +defined above, DTC is updating its processing systems with a new Processing Event Code attribute that + +will be added to the announcement and will appear in DIVA, DPAL and SDAR to inform participants of + +how the event will be processed at the time allocation occurs. + +Non-Confidential + +DTCC offers enhanced access to all important notices via a Web-based subscription service. + +The notification system leverages RSS Newsfeeds, providing significant benefits including + +real-time updates and customizable delivery. To learn more and to set up your own DTCC RSS + +alerts, visit [http://www.dtcc.com/subscription\_form.php](http://www.dtcc.com/subscription_form.php). + +CCF File Updates + +The change referenced above will introduce a non-mandatory file format modification to the CCF files + +listed below. The change will be noted as the ā€œProcessed As Indicatorā€ and will be located in the second + +to last position on the file. This attribute is optional and does not need to be imported by all participants. + +So the function code can be used in this manner. + +What is the iso event record on the DTCC documentation? + +From the SWIFT standards for securities markets, event type "stock dividend", ISO code DVSE. + +Here's the definitions as per the standard: DVSE - Dividend paid to shareholders in the form of equities of the issuing corporation. + +[https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +Was it marked as DVSE? +&#x200B; + +[A lithium investor backing up the truck in 2022](https://preview.redd.it/sxibtu8jz6h91.png?width=410&format=png&auto=webp&s=1faa669ee383a9ed785783e706d5adcb723df908) + +"Not financial advice" and so forth[.](https://s3.wp.wsu.edu/uploads/sites/2797/2021/08/mathgrant.jpg) + +It's pretty normal to see comments like "I'm holding until..." in the daily, so I figured it was time for this cautionary post in a more visible place. +I think my comparison table is probably a bit opaque, so here's an attempt to calculate underlying net profits after tax based on single annual price point over the next few years. +You can't use a blanket P/E ratio on these projects, as it depends on jurisdiction, place in the supply chain, expansion potential, etc. + +Current spot price strength means we could easily see spodumene at US$5k/t for the 2023 March quarter. Therefore, I've gone with US$4,000/t for the entirety of next year. I chose US$3,000/t for 2024 & 2025 based on the commentary of Benchmark Mineral Intelligence's chief Simon Moores. Significant additional supply comes online in 2026, hence the US$2,000/t for that year. +The prices aren't that important, as I'm mostly just demonstrating a point: hold & hope ā„¢ might not be the best course of action in a cyclical commodity/specialty chemical. + +I can't do this with brine players, because the variables are too great. All the offtake details are hard to amass and factor in, so **this table might be littered with small mistakes**. If you see something that looks odd, just ask for a detailed explanation in the comments. My interest in most of these projects is just academic at this stage. + +Overall assumptions (see company specific assumptions down the bottom): + +* all figures based on feasibility studies with mostly uniform penalties +* 1:1.4 USD to AUD +* all NPATs in AUD +* all NPATs exclude capital expenses +* depreciation & other costs are dealt with horribly, but they're in there +* commissioning projects takes 3 months, and is not included in profits (due to production ā†’ shipping lag) +* inflation pressures ease +* PLL & SYA's La Corne (NAL) situation is unpredictableā€”see 2 tables at the bottom + +**2023** + +|*1:1.4 (USD:AUD)*|*2023:*|*US$4k/t*|*spodumene*|||| +|:-|:-|:-|:-|:-|:-|:-| +|||||||| +||**AVZ**|**CXO**|**LLL**|**LTR**|**PLL**|**SYA**| +|Project:|Manono|Finniss|Goulamina|Kathleen V|La Corne|La Corne| +|Pre-capex NPAT:|\-|$330-370m|\-|\-|$150-200m|$40-50m| +|||||||| +|Project:|Stage 2|Stage 2|Stage 2|Buldania|Ewoyaa|Moblan| +|Pre-capex NPAT:|\-|\-|\-|\-|\-|\-| +|||||||| +|Total NPAT:|**$0m**|**$330-370m**|**$0m**|**$0m**|**ā€‹$150-200m**|**$40-50m**| + +**2024** + +|*1:1.4 (USD:AUD)*|*2024:*|*US$3k/t*|*spodumene*|||| +|:-|:-|:-|:-|:-|:-|:-| +|||||||| +||**AVZ**|**CXO**|**LLL**|**LTR**|**PLL**|**SYA**| +|Project:|Manono|Finniss|Goulamina|Kathleen V|La Corne|La Corne| +|Pre-capex NPAT:|\-|$260-300m|$200-230m|$425-465m|$130-170m|$100-130m| +|||||||| +|Project:|Stage 2|Stage 2|Stage 2|Buldania|Ewoyaa|Moblan| +|Pre-capex NPAT:|\-|\-|\-|\-|\-|\-| +|||||||| +|Total NPAT:|**$0m**|**$260-300m**|**$200-230m**|**$425-465m**|ā€‹**$130-170m**|**$100-130m**| + +**2025** + +|*1:1.4 (USD:AUD)*|*2025:*|*US$3k/t*|*spodumene*|||| +|:-|:-|:-|:-|:-|:-|:-| +|||||||| +||**AVZ**|**CXO**|**LLL**|**LTR**|**PLL**|**SYA**| +|Project:|Manono|Finniss|Goulamina|Kathleen V|La Corne|La Corne| +|Pre-capex NPAT:|$700-750m|$320-360m|$270-300m|$860-920m|$130-170m|$100-130m| +|||||||| +|Project:|Stage 2|Stage 2|Stage 2|Buldania|Ewoyaa|Moblan| +|Pre-capex NPAT:|\-|\-|\-|\-|$260-300m|$110-130m| +|||||||| +|Total NPAT:|**$700-750m**|**$320-360m**|**$270-300m**|**$860-920m**|**ā€‹$390-470m**|**$210-260m**| + +**2026** + +|*1:1.4 (USD:AUD)*|*2026:*|*US$2k/t*|*spodumene*|||| +|:-|:-|:-|:-|:-|:-|:-| +|||||||| +||**AVZ**|**CXO**|**LLL**|**LTR**|**PLL**|**SYA**| +|Project:|Manono|Finniss|Goulamina|Kathleen V|La Corne|La Corne| +|Pre-capex NPAT:|$420-460m|$200-220m|$290-330m|$500-550m|$75-85m|$70-80m| +|||||||| +|Project:|Stage 2|Stage 2|Stage 2|Buldania & S2|Ewoyaa|Moblan| +|Pre-capex NPAT:|\-|\-|(inc. above)|\-|$150-190m|$120-160m| +|||||||| +|Total NPAT:|**$420-460m**|**$200-220m**|**$290-330m**|**$500-550m**|ā€‹**$225-275m**|**$190-240m**| + +&#x200B; + +La Corne is troublesome, because there'll be a conflict of interest between PLL and SYA over the LCE plans. Whether PLL can be forced to do LCE by SYA is unclear to me. Therefore, I've added in the next 2 tables on a 'best case' assumption that La Corne produces battery grade carbonate from January 2025. That's a bit generous, so you'll need to do your own adjustment. For example, use 50% of SYA's hard rock profit + 50% of the LCE if you think LCE will be possible midway through 2025 (do same for PLL). + +**2025 LCE** + +|*2025:*|*US$36k/t*|*carbonate*| +|:-|:-|:-| +|||| +||**PLL**|**SYA**| +|Project:|La Corne LCE|La Corne LCE| +|Pre-capex NPAT:|$110-150m|$370-400m| +|||| +|Project:|Ewoyaa|Moblan| +|Pre-capex NPAT:|$260-300m|$110-130m| +|||| +|Total NPAT:|**$370-450m**|**$480-530m**| + +**2026 LCE** + +|*2026:*|*US$24k/t*|*carbonate*| +|:-|:-|:-| +|||| +||**PLL**|**SYA**| +|Project:|La Corne LCE|La Corne LCE| +|Pre-capex NPAT:|$67-77m|$200-230m| +|||| +|Project:|Ewoyaa|Moblan| +|Pre-capex NPAT:|$150-190m|$120-160m| +|||| +|Total NPAT:|**$217-267m**|**$320-390m**| + +&#x200B; + +Based on all the tables, you can see that project progress/expansion isn't necessarily a guarantee that profits will improve. PLL from 2023 to 2024 is a great example: production increases 1/3rd, while profits fall. + +Company notes: + +* AVZ + * 51% ownership + * legal battle resolved for construction Q1 2023 (it's ambitious, but as I said, this post is about illustrating a point) + * special economic zone finalised + * spodumene commissioned Q4 2024 & sulphate Q1 2025 + * formula prices 70% of market + * upside: stage 2 not operational until 2027 or later, maybe at a higher rate +* CXO + * expansion not included yet as resource is too small + * Yahua ceiling expires end 2024 + * ceiling price for Yahua and Tesla = US$2k/t + * upside: resource expansion may lead to production expansion +* LLL + * 40% ownership + * plant commissioned Q1 2024 + * formula price 70% of market + * stage 2 at market rates +* LTR + * plant commissioned Q2 2024 + * formula prices 90% of market + * upside: phosphate, 700ktpa expansion +* PLL + * flagship North Carolina permits are rejected & project scrapped totally + * La Corne commissioned Q1 2023 + * La Corne 180ktpa & Authier permits received + * Ewoyaa commissioned Q4 2024 + * Tesla offtake is fed from La Corne + * upside: North Carolina goes ahead, Tesla offtake is void, LCE blocked at La Corne +* SYA + * La Corne commissioned Q1 2023 + * Moblan commissioned Q2 2025 + * La Corne 180ktpa & Authier permits received + * upside: gold & lithium tenement exploration + +**Edit:** fixed Ghanaian corporate tax error at Ewoyaa +Remember last March. We do not want to see that happening again, do we? + +And now, some Holy Molies to celebrate the launch of the rocket : + +&#x200B; + +HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY HOLY MOLY +Heyo, + +With my pending purchases of $ABBV and $PRU that will go through on Monday morning, my annual dividend income is sitting at $373.72. + +I started last September with the goal of investing at least $3,000 by September 2021. I've more than doubled that original goal and it's only February. I made it a goal to make my annual dividend income $365 by April, and I nailed it on the last day of Feb. I'm pumped. + +I'll sell some covered calls on Monday when the market opens and reinvest the profit into more dividend paying stocks, and I still have cash left over to buy more dips. I've poured money into the markets the last 2 days, but I'll continue to unload the clip this week. +Title explains. + + +If you're a scalper, I ***seriously*** need to know, how do you maintain your account without blowing it up? I'm just wondering because **we ALL have losing streaks.** They're unavoidable. + + + If you're scalping, I'd imagine that your risk of blowing up your account is a lot higher due to using higher leverage. + + +If you're a scalper, let's chat. I *seriously* want to know how you stay consistent, and how you remain profitable without blowing your account. + + +No judgment here. +FYI I'm not gatekeeping investing i think its great new people are starting + +I'm sure its already obvious but have you guys seen Instagram comments and the sentiment on social media? Theres a huge influx of people saying shit like 'How do you buy a stock it looks so fun' and 'someone teach me this investing shit'. Not to mention all the people saying 'Guys i did the math even if he bought the bottom DFV couldnt turn 50k into 20M'. + +This sub is already up a huge amount recently and it seems that retail trading is gonna become more and more mainstream and less for gambling retards like us. GME has really stylised trading and even people who dont know what a share is are making tons. Luckily unlike WSB this sub is still small enough that you can sort by new so Im not saying this sub is any different. + +I just wanna hear some thoughts about the future of trading cause all I fucking see on social media is people tryna get into it. +Moved to real money trading for a while now. It is a war against myself isn't it? The market, is complex for sure. My enemy, however, so far, is myself. "I become a much dumber person once I sit down and trade". I can tell my self before I sit down: "Don't do certain things." Then I did it, again. Violate the first rule I set up. When money is in play, the mind got poisoned. Trading is not about the market, the market is not that complex. Most times I don't know, while sometimes I know there are higher possibility of certain things. The real problem is the emotion that cloud my judgement. No signal and analysis can help me if I don't win the war against myself. +Moved in with friend of a friend a few months back. He wanted rent paid to him in cash, which I was fine with but just wanted to make sure this wasnā€™t a terrible idea. He is a nice dude with some disabilities, so want to do what works for him, but donā€™t want to be screwing myself. Any advice would be appreciated. + +Edit: Asked for a receipt of payment for the two months Iā€™ve lived, Iā€™ll write them up in a receipt book when I get home and get him to sign it. Thank you all for your help! + +Edit 2: Just got home from work and had no problem with him signing receipts of payment for the two months I have been living there. Thank you all for you help, and I appreciate all your input! Heā€™s a great guy, just letting me crash at his place for the time being, and just isnā€™t super tech literate so that is why he prefers cash. Thank you all once again. +This is FUD. Itā€™s a Ponzi scheme who has $300 bn in debt and they are doing a back door deal to calm the market so they can live another day. + +Too many times Iā€™ve see wall St, say ā€œitā€™s fine the Fed is printing moneyā€. Stick to your conviction and beliefs. + +Evergrande is just a matter of time before it collapses. The end. +ALL the brokers are in on this fuckery. They will all fuck around and do what they can without revealing the game, AND THEY HAVE THE MONEY TO DO THIS FOREVER. + +They think they can buy enough time for everything to crash and then burn all the evidence of their fuckery and escape with millions. + +ARE YOU JUST GONNA SIT THERE AND LET IT HAPPEN? + +#FUCK. THAT. + +#DRS YOUR SHARES, ALL OF THEM, OR WE DON'T GET THE MOASS. + +NOTHING else matters besides that. Period, end of fucking discussion. Any opinions in any other direction besides that is either FUD from shills, or it's just you wanting to be FUCKING LAZY. + +HOW CAN YOU BE LAZY ABOUT THIS? HOW?!?!?!? I'm seeing posts from people saying "oh i was a fence sitter" REALLY? + +YOU'RE FENCE SITTING WITH LITERALLY TRILLIONS ON THE TABLE? WHEN EVERYONE WHO IS ACTUALLY ON OUR SIDE HAS BEEN TRYING TO TELL US TO DRS FOR THE BETTER PART OF THE YEAR? + + +I'm sick to death of waiting to start the rest of the shit i wanna do with my life, like buy a fucking house and pay people to make art. + +#GET OFF YOUR ASS AND DRS EVERYTHING. + +Rant over. I mean every word but i had to just get that out of me. + +EDIT: if any of you doubt me, I'm on the phone with Fidelity RIGHT NOW to DRS my IRA shares, and I will make a new post telling you all how it went. I WILL provide proof too, I'm not a piece of dogshit who tells people to do things I won't do. +So, potentially recession can cause prices to drop, if one waits 3-6 months, to get potentially better deals. + +Or, take advantage of low interest rates now, possible corona thing goes away sooner than later and market kinda goes back to normal + +(Down payment and emer funds are solid) +I mean how bad do you feel for all the El Salvadorans that bought yesterday. We just got a 25% dip in most coins in less than an hour. + +This is one reason why we arenā€™t even close to being mainstream. This will scare so many investors and consumers away. To see their portfolio drop by 25% in less than 12 hours. They woke up with a quarter of their portfolio gone. + +Yes I do think this is just taking profits and a panic sale. Great time to stock up on crypto at a major discount. But still this is the crazy stuff that will keep crypto from being mainstream for awhile. + +Also another reason why taking profits is a good idea! If you donā€™t have fiat available. Maybe take profits next time so youā€™ll have spending money on the next dip. + +Anyone else get any good deals or catch the drop? Good luck everyone! + +EDIT: This is a good time to talk about a strategy I have. If you take profits you take them and convert to USDC. Then send them to Celsius, blockfi or crypto and let them earn interest. If a crash like this happens, you transfer them out and buy the dip. +MoonBud is a deflationary charity memecoin that aims to make a difference. I cannot express how excited I am to be a part of this community, with over $100K raised in just a couple of days, and with a donation to one of the largest dog charities in the UK already underway! Everything from the community to the developers has been absolutely amazing, as they're very friendly and EXTREMELY transparent/active.\\ + +&#x200B; + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +&#x200B; + +They have JUST RELEASED their NEW WEBSITE! It's pretty sick. + + Check it out HERE: [https://moonbud.space](https://moonbud.space) + +&#x200B; + +Check out this AWESOME THEME SONG that one of the community members wrote! + +[https://www.youtube.com/watch?v=HShYkiuqcVE&feature=youtu.be](https://www.youtube.com/watch?v=HShYkiuqcVE&feature=youtu.be) + +&#x200B; + +So, what is MoonBud, exactly? + +&#x200B; + +Like I mentioned, it's a deflationary memecoin with a 5% burn on every transaction. 2% gets redistributed to holders, 2% gets sent to the charity wallet, and the remaining 1% get burned forever. So far, 10% of the total supply has been burnt already! AND THAT'S JUST IN ONE WEEK! + +&#x200B; + +Yes, you heard me right, this coin's been out for only a week and they've already managed to raise over 130 thousand dollars for a charity donation - and that's with an ABSOLUTELY TINY MICROCAP of 2.5 million dollars! If you ask me, this is THE moonshot everyone's been looking for. Coins with 10X the MCAP of MBUD make 10-20k donations. THIS IS A 130K USD DONATION! (100k in GBP) + +&#x200B; + +Furthermore, the developers are keen on expanding their existing partnerships and are heavily working on marketing efforts to spread the message of MoonBud: to be THE community token that makes a difference. This token has already been noticed by some of the bigger TikTok influencers and YouTubers - you sure you wanna be left behind? + +&#x200B; + +One last thing about the seeming un-ruggability of this token: + +1) The liquidity has been gathered in the presale and all LP tokens have been locked for 1 year + +2) The dev tokens have been locked for 3 months + +3) No pre-mined tokens or other funny business + +4) The developers are ABSOLUTELY AMAZING! + +&#x200B; + +So, are you sure you wanna be left behind! See you on the Moon, Moonbuddies! + +&#x200B; + +Oh, forgot to mention: MAKE SURE you use PancakeSwap V1 to buy this instead of V2. Most tokens are broken right now and the team cannot migrate liquidity because it's locked. Peace! + +&#x200B; + +\---------------------------------------------------------------- + +&#x200B; + +TOKEN DETAILS: + +&#x200B; + +Total Supply: 1,000,000,000 + +&#x200B; + +Presale Tokens: 425,000,000 + +&#x200B; + +Marketing Wallet: 25,000,000 + +&#x200B; + +Dev Wallet: 50,000,000 (Locked for 3 MONTHS) + +&#x200B; + +Liquidity: Locked for 1 YEAR + +&#x200B; + +Market Cap: $2.5 MILLION + +&#x200B; + +Holders: \~5000 + +&#x200B; + +Contract (PancakeSwap): 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +&#x200B; + +BUY HERE: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&#x200B; + +\---------------------------------------------------------------- + +&#x200B; + +USEFUL LINKS: + +&#x200B; + +Website: [https://moonbud.space](https://moonbud.space) + +&#x200B; + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +&#x200B; + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +&#x200B; + +Audit Report: [https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +&#x200B; + +Live Chart: [https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA](https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA) +MoonBud is a deflationary charity memecoin that aims to make a difference. I cannot express how excited I am to be a part of this community, with over $100K raised in just a couple of days, and with a donation to one of the largest dog charities in the UK already underway! Everything from the community to the developers has been absolutely amazing, as they're very friendly and EXTREMELY transparent/active.\\ + +&#x200B; + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +&#x200B; + +They have JUST RELEASED their NEW WEBSITE! It's pretty sick. + + Check it out HERE: [https://moonbud.space](https://moonbud.space) + +&#x200B; + +Check out this AWESOME THEME SONG that one of the community members wrote! + +[https://www.youtube.com/watch?v=HShYkiuqcVE&feature=youtu.be](https://www.youtube.com/watch?v=HShYkiuqcVE&feature=youtu.be) + +&#x200B; + +So, what is MoonBud, exactly? + +&#x200B; + +Like I mentioned, it's a deflationary memecoin with a 5% burn on every transaction. 2% gets redistributed to holders, 2% gets sent to the charity wallet, and the remaining 1% get burned forever. So far, 10% of the total supply has been burnt already! AND THAT'S JUST IN ONE WEEK! + +&#x200B; + +Yes, you heard me right, this coin's been out for only a week and they've already managed to raise over 130 thousand dollars for a charity donation - and that's with an ABSOLUTELY TINY MICROCAP of 2.5 million dollars! If you ask me, this is THE moonshot everyone's been looking for. Coins with 10X the MCAP of MBUD make 10-20k donations. THIS IS A 130K USD DONATION! (100k in GBP) + +&#x200B; + +Furthermore, the developers are keen on expanding their existing partnerships and are heavily working on marketing efforts to spread the message of MoonBud: to be THE community token that makes a difference. This token has already been noticed by some of the bigger TikTok influencers and YouTubers - you sure you wanna be left behind? + +&#x200B; + +One last thing about the seeming un-ruggability of this token: + +1) The liquidity has been gathered in the presale and all LP tokens have been locked for 1 year + +2) The dev tokens have been locked for 3 months + +3) No pre-mined tokens or other funny business + +4) The developers are ABSOLUTELY AMAZING! + +&#x200B; + +So, are you sure you wanna be left behind! See you on the Moon, Moonbuddies! + +&#x200B; + +Oh, forgot to mention: MAKE SURE you use PancakeSwap V1 to buy this instead of V2. Most tokens are broken right now and the team cannot migrate liquidity because it's locked. Peace! + +&#x200B; + +\---------------------------------------------------------------- + +&#x200B; + +TOKEN DETAILS: + +&#x200B; + +Total Supply: 1,000,000,000 + +&#x200B; + +Presale Tokens: 425,000,000 + +&#x200B; + +Marketing Wallet: 25,000,000 + +&#x200B; + +Dev Wallet: 50,000,000 (Locked for 3 MONTHS) + +&#x200B; + +Liquidity: Locked for 1 YEAR + +&#x200B; + +Market Cap: $2.5 MILLION + +&#x200B; + +Holders: \~5000 + +&#x200B; + +Contract (PancakeSwap): 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba + +&#x200B; + +BUY HERE: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +&#x200B; + +\---------------------------------------------------------------- + +&#x200B; + +USEFUL LINKS: + +&#x200B; + +Website: [https://moonbud.space](https://moonbud.space) + +&#x200B; + +Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) + +&#x200B; + +Twitter: [https://twitter.com/MoonBud\_Coin](https://twitter.com/MoonBud_Coin) + +&#x200B; + +Audit Report: [https://solidity.finance/audits/Moonbud/](https://solidity.finance/audits/Moonbud/) + +&#x200B; + +Live Chart: [https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA](https://charts.bogged.finance/?token=0xbE8183612F145986A41ad8e8fCFefED1C2F9dEbA) +I found [this article from 2017 about Citadel hiring an ex-SEC director](https://www.wsj.com/articles/citadel-securities-hires-ex-sec-director-luparello-as-general-counsel-1491323109). + +I found it because I saw a fellow ape say "if the SEC knew about this shit and did nothing, then the market is fooked." + +And I thought, "hmm, how do I explain to this ape that of course they know. How? For instance, a ton of them work on Wall Street. Oh! I know. I'll search to see if anyone from the SEC works at Citadel." And guess what, apes? The ex fucking SEC director works for Citadel as their "general counselor." + +Oh, wow, Stephen. What kind of counselor are you? Are you the kind of counselor that talks to Ken about [the trauma of not getting his favorite ice cream in 2008 after he lost $8 billion fucking all of us over](https://nymag.com/intelligencer/2009/11/hedge-funder_ken_griffin_has_t.html)? Or do your cuddle him and whisper in his šŸŒˆšŸ» ear "That'll do, Kenneth. That'll do" while giving him workplace appropriate bums pats because of that one time [RC nuked his crime empire with a tweet of the very ice cream he'd previously been denied by his own irresponsible fuckery](https://www.ft.com/content/6c613f92-cf35-4b2e-b2b0-2ac0a6afb1fb). Or did you try to [help him stop his eyes getting so damned freaky when he cheats at UNO on Citadel official YouTube](https://youtu.be/5_f2AEiHY8w)? You were there when Citadel released that video, and you were counseling them, Stephen. I'd like to know. + +Just wow. An ex-SEC Director helping design and direct market fraud after do nothing to stop it when stopping it is what we paid him and trusted him to do. And here's the kind of bullshit media FUD that trains us to avoid asking questions or recognize the game; from the article about Stephen's hiring at Citadel: + +>One of the countryā€™s most prominent stock-market regulators has finally switched sides, opting to join Citadel Securities, one of the largest trading firms in the country. +Stephen Luparello will join Citadel Securities as its general counsel in May... + +Why is this FUD, you ask? He didn't switch sides! Obviously! He let Citadel fuck us so hard they gave him a šŸŒˆšŸ» parachute for his help to do it some more! Language designed to give us the impression that he actually regulated the market in a way that was opposed to the interests of Wall Street and, therefore, aligned with our interests. Smh. + +Here's what I'm getting at: + +We, as a people, let Stephen Luparello be fucking terrible at his job. That let's these hedge fund assholes fuck the whole world. And it is actually our responsibility as citizens because these are government employees who represent us to the world. And we can force the firing of these motherfuckers. In fact, [here's the SEC payscale that shows an approximation of how much we paid Stephen to help people like Ken Griffen fuck us over](https://www.sec.gov/ohr/sec-compensation). And, again, how good was Stephen at helping Ken Griffin fuck us??? So good at helping Ken fuck us that Ken asked Stephen, with eyes as intense as 1000 suns and 3000 times creepier, "can I hire you to help me do this even better as my company's General Counselor?" + +And shorting the bond market? Well... [Citadel hired Ben Bernanke, former Chairman of the Federal Reserve, in 2015](https://www.citadel.com/news/dr-ben-bernanke-serve-senior-advisor-citadel/) to be their Senior Advisor. Here's an article literally titled ["Ben Bernanke Bends the Bond Market to His Iron Will"](https://www.wsj.com/articles/BL-MB-39960). And now they might have shorted the bond market more than 100%... + +What a scam. + +A lot of you probably already know this wrinkle to the corruption saga, and I'm made of tinfoil and expect this shit, but something about this caught me off guard tonight. I don't know why this particular piece of information made me stop and think, *no. This shit is no longer acceptable.* + +Regardless, you have a job to do Gary Gensler. We can all see hedgies [fucking with meme stocks other than GameStop to scare retail from riding the GameStop MOASS rocket as high as it should go when we start to moon with an orchestrated pump and dump](https://www.marketwatch.com/story/interactive-brokers-founder-says-problem-with-amc-entertainment-memes-peoplewill-lose-a-very-substantial-amount-of-money-11622836260). So ether do your fucking job, give us 5 exaggerated blinks in a row at your next press conference if you're worried big money will kill you if you do your job, or gtfo. We caught hedgies fair and square. Through all the FUD, all the learning, and time that has passed getting to this point, remember that apes. We caught a bunch of motherfuckers in a bad yolo meant to destroy something we care about. + +Rockets šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸš€šŸŒ™ +I am fatFI, though not as fat as some others on this sub. I have always had a strong career drive, but lately it has just fallen off a cliff! I am 41 and still working, but I can't seem to get motivated to do anything at work. I make more passively than my total comp at work at this point. + +I am in a weird funk. The world makes less sense to me everyday. Maybe I should stop coming on reddit, twitter, etc. Everything is so toxic. I don't know why I should work to make something better...why bother? Definitely nihilistic vibes over here! + +I am starting to accept that I might be "done". At 41 that is kind of scary to me. I'm trying to focus on other goals (getting in better shape, family etc.) to keep my ambitious side alive. Does anyone here relate to this? Any advice? +In Portugal, as of now, there are no taxes over crypto assets or gains. + +Cost of living is cheap compared to average European. + +Infrastructure is good. Roads, water, sanitation, power, Internet. All is in place. + +Weather is good. Not much rain. No snow. Hot summer. Nice beaches. + +Food is great. Tasty and diverse. Meat, fish, vegetables, there are options to all tastes. + +My retirement plan is to open a crypto friendly hotel where not only crypto is accepted as payment but we'll have workshops, discussions and a real crypto community enjoyng. One day I'll get there and you'll be welcome. + +If you want a nice country to enjoy a good crypto life, that is Portugal. +I have a couple of businesses that are quite profitable. I can invest around ā‚¬2000 per month for retirement/long game but I have no idea where to start. ETFs? Stocks? Bonds? I'm even thinking a small percentage of it in Bitcoin as a hedge. + +How would you personally invest ā‚¬2000/month? + +p.s - I have no debt, and a 6 month emergency fund covered already. + +Edit: I'm in Portugal +Today I went to Five guys (its a burger and fries joint). I ordered a single cheese with onions and mushrooms. It was $11.54. No drink, no fries. With those added I would have been almost at $20$.... + +My brother and I love five guys been atleast once +a month regulars. SO yes we have noticed the small price increase over time. Except this time me and My brother both told them to go ahead and cancel the order. The girl looked at us both and said "the price too high? Ya we get about 15 to 20 of those a day, thank God cause I don't feel like having to cook the food so I luck out huh?" + +I laughed awkwardly and said "oh ya I know how it is well have a good one" as I walked to the car it dawned on me... people don't have any money (I'm not broke but not rich yanno) left yet inflation is out of control. These companies asked for more and more money for their products. + + +This tower is weak and starting to lean. Soon people will start buying just staple food items and not splurge on oreas or some ice cream i can only imagine electronics.Luxury items company are gonna eat their own shoes here yall. My buddy buys ever single samsung watch as soon as it comes out. He instead will just keep his 4 and wait for the 5s price to go way down in 6 months. + + +My point here is if me and my brother are no longer buying five guys, think of all the people that have put something back on the shelf instead of buying it cause money is tight or its too expensive. Picture a mid aged woman shopping at any of these retail stores that our publicly traded. Then times this scenario by possibly millions.Or when someone just doesn't go shopping cause its just so expensive. Like when money is tight people spend less on gifts for various occasions. + +Just my two cents +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I put a wardrobe for sale in Gumtree. + +Somebody wrote to me to buy it (a woman). Shedid not wanted to see it, just purchase it right away. +I told them to pay a deposit for it (quite high indeed) and she paid via bank transfer, with no issues. When asked for a contact number, she gave me the husband phone as "he will be collecting it". + +Now they sent me a message asking if I received the payment twice (which I didn't) because supposedly it shows twice in their bank, which sounds awfully as a scam. I answered that I have no double payments, and they never replied. + +Now I'm incredible paranoid.. Supposedly they will come tomorrow to get the wardrobe and pay in cash the rest, but dunno what to do! + +I contacted my bank to check with them if it could be a scam, they weren't helpful at all. +https://www.marketwatch.com/story/teslas-stock-rallies-as-wedbush-analyst-raises-bull-case-target-to-1-000-11606131704 + +And he said he is now seeing ā€œa major inflection of EV demand globally, with expectations that EV vehicles ramp from the current 3% of total auto sales to 10% by 2025. + +ā€œWe believe this demand dynamic will disproportionately benefit the clear EV category leader Tesla over the next few years especially in the key China region which we believe could represent ~40% of its EV deliveries by 2022, given the current brisk pace of sales with 150K+ deliveries in its first year out of the gates with Giga 3,ā€ Ives wrote. + +Tesla is making new 52 week high everyday. Now people is trading on these ev momentum stocks. Tesla is the most stable one since it has multiple revenue streams. +The core purpose of this post is to show you a bit of how clearing agencies have been influencing SEC rules to maintain independence and avoid responsibility for risk/liquidity/etc. Better Markets, an OG retail group, also makes an appearance. + +I'm diving into this myself and won't stop but also, apes together strong. This is a collection of links for apes that want to get into it. My own material will be coming out as I complete the work. + +So let's get to it. + +#TLDR + +Back in 2014-2016, the SEC proposed and passed a set of standards for how clearing agencies should conduct themselves. This core ruleset is what is being modified now. Some things proposed at the time, eg independent directors by Better Markets, are being proposed again now. In 2014, the clearing agencies worked/lobbied HARD to water down the rules/regulations as much as possible so they could self-regulate without actually having responsibilities. It worked. We need to ensure that does not happen again. + +# The Core Resources + +RULE FACT SHEET: [https://www.sec.gov/files/34-95431-fact-sheet\_0.pdf](https://www.sec.gov/files/34-95431-fact-sheet_0.pdf) + +RULE TEXT: [https://www.sec.gov/rules/proposed/2022/34-95431.pdf](https://www.sec.gov/rules/proposed/2022/34-95431.pdf) + +SUBMIT COMMENTS: https://www.sec.gov/cgi-bin/ruling-comments + +Go here: https://www.sec.gov/rules/proposed.shtml + +Look under ā€œClearing Agency Governance and Conflicts of Interestā€ + +Click ā€œSubmit comments on S7-05-15ā€ + +The SEC's bizarrely convenient collection of everything clearing agency related (no really check it out): [https://www.sec.gov/tm/clearing-agencies](https://www.sec.gov/tm/clearing-agencies) + +# Hester Be Mad + +After the above, the next thing I found was Hester Peirce being mad about this rule: [https://www.sec.gov/news/statement/peirce-statement-clearing-agency-governance-and-conflicts-interest-080822](https://www.sec.gov/news/statement/peirce-statement-clearing-agency-governance-and-conflicts-interest-080822#_ftn5) + +&#x200B; + +https://preview.redd.it/fp4g1a6nd9h91.png?width=664&format=png&auto=webp&s=9403e95ed1e73d5b42ac670ab579e8b7d25b692a + +In her dissenting statement, Hester says this: *First, in 2016, when the Commission finalized rules establishing standards for a subset of clearing agencies, it expressly rejected the suggestion from several commenters that it impose a director independence requirement.* + +So I'm like OK, let's see who was on our side and let's also see what the lobbyists were saying back then. + +Turns out, the rule she's talking about is the rule that set the standards for what a clearing agency is and does! + +I found this archived comment list: [https://www.sec.gov/comments/s7-03-14/s70314.shtml](https://www.sec.gov/comments/s7-03-14/s70314.shtml) + +You may recognize a few names... + +https://preview.redd.it/d88o0ezrd9h91.png?width=719&format=png&auto=webp&s=fabca478e002b365d8c32f45eb7e53419badc5f5 + +&#x200B; + +# "Standards for Covered Clearing Agencies": How Clearing Agencies Lobbied for their Own Rules + +This is the rule: [https://www.sec.gov/rules/final/2016/34-78961.pdf](https://www.sec.gov/rules/final/2016/34-78961.pdf) + +The comment list - note the cast of characters. We have MICHAEL BODSON, Dennis Kelleher, The DTCC, ICE, Occupy the SEC... spicy. Let's go. + +Turns out when Hester mentioned commenters getting denied, she was talking about Dennis "Big D" Kelleher from Better Markets!! His comment is here [https://www.sec.gov/comments/s7-03-14/s70314-19.pdf](https://www.sec.gov/comments/s7-03-14/s70314-19.pdf). In it, he asks for exactly what the SEC just proposed. DOPE. + +https://preview.redd.it/h6uadjbed9h91.png?width=870&format=png&auto=webp&s=625ab33b6a39d28d209477a730b94f3ecd4b9a1c + +MICHAEL BODSON HIMSELF commented [https://www.sec.gov/comments/s7-03-14/s70314-1594398-132354.pdf](https://www.sec.gov/comments/s7-03-14/s70314-1594398-132354.pdf) + +&#x200B; + +https://preview.redd.it/irhsh07ee9h91.png?width=881&format=png&auto=webp&s=ca33817a3c56e10d9f5b308d2ae997e5ace2b1be + +And he literally says "pls don't make us do this, just delay, pls stop". NOTE: some people have heard "submitting comments delays rules\~!!!" but that isn't true. What delays rules is shit like this: + +&#x200B; + +[LMAO](https://preview.redd.it/bfk15lyle9h91.png?width=798&format=png&auto=webp&s=19380936c21f84e80106b56d7d740932413b4f39) + +&#x200B; + +The comments also include the DTCC's opinion on the matter: [https://www.sec.gov/comments/s7-03-14/s70314-16.pdf](https://www.sec.gov/comments/s7-03-14/s70314-16.pdf). + +And they of course say "fuck off we will be self-regulating": *DTCC believes that the precise form of these written policies and procedures should be a matter for the clearing agency to determine...* + +(pg 12) + +https://preview.redd.it/fr85xziwf9h91.png?width=779&format=png&auto=webp&s=03310c047d2e80844e02a88e71927c0f2a8ce615 + +But also, sure enough, we find the DTCC working to change the rule to avoid responsibility for its clusterfucks. + +Juicy quote: + +(pg 7) + +https://preview.redd.it/kdgp4br6e9h91.png?width=765&format=png&auto=webp&s=f801a45ce7c9b2a12c87425cd86151440afc9ee0 + +talk about denying responsibility. They go on: + +(pg 8) + +https://preview.redd.it/sfqq6w81e9h91.png?width=759&format=png&auto=webp&s=0299b52fa43ce27d6e91ed9dd0cc20b00a6a9c45 + +Their commentary is full of this stuff. They water the rule down HARD. And they'll try again. And this is just one commenter!!! + +ICE, owned by the CEO of the NYSE, is also all up in it. Check it out yourself, the gang's all there. Even Fidelity: [https://www.sec.gov/comments/s7-03-14/s70314-23.pdf](https://www.sec.gov/comments/s7-03-14/s70314-23.pdf) + +# What Now? + +I get back to work. Maybe you jump in too, because this new proposed rule is going to be a fucking battleground for clearing agencies. They are going to fight tooth and nail to avoid responsibility... what do YOU want? Happy hunting :) + +# Commenting on the Rule + +If you would like to comment on the rule now: + +Go here: https://www.sec.gov/rules/proposed.shtml + +Look under ā€œClearing Agency Governance and Conflicts of Interestā€ + +Click ā€œSubmit comments on S7-05-15ā€ +[https://www.youtube.com/watch?v=9nvuL0mevRk](https://www.youtube.com/watch?v=9nvuL0mevRk) + +For years, Lisa BraganƧa worked as a SEC Enforcement Branch Chief, where she led investigations into securities fraud, insider trading, market manipulation, and other trading practices. Now, she aggressively fights to protect the rights of businesses, financial professionals, investors, and whistleblowers. + +[https://secdefenseattorney.com/](https://secdefenseattorney.com/) + +&#x200B; + +Usually u/jsmar18 does these AMA's, but he asked if anyone would like to join him on the next one, after receiving feedback from someone saying it might be nice to have more than one host. + +Unfortunately he got sick the day before we had it scheduledšŸ˜­, and I ended up doing it alone. + +Hopefully everyone enjoys it. Lisa is packed with information! She also HODLs GME! šŸ’ŽšŸ™Œ + +# Some of the questions I asked were - + +Should there be more oversight of SROā€™s? + +What are her thoughts about the ā€˜cost of doing businessā€™ fines? + +What are the obstacles facing Financial Regulators? + +What does she think about Gary Gensler? + +What can we do to enact change? + +Why hasnā€™t the SEC turned off dark pool access? + +&#x200B; + +**She even stayed after we finished with the official AMA and answered some extra questions!** + +We were going to ask about DRS, but she was \*just\* starting to look into it. Lisa has done her homework because she tweeted this out a couple days after we talked to her. + +https://preview.redd.it/rp21iuh8xqm81.png?width=543&format=png&auto=webp&s=732831a8a3929a0b3f12bcbf7be67f1817f85c3c + + https://twitter.com/LisaBraganca/status/1500112055503888384?s=20&t=cq6ShR2FGVh5fjKrM946ng - link to tweet + +She followed up with this document to include in the post. + +" I am not saying the author is correct, but it does lay out the history of criminal prosecutions of businesses and the competing interests." + +[http://www.schnader.com/files/Publication/079ca3cc-0006-4aac-8a33-48da4cbb789d/Presentation/PublicationAttachment/78bd395c-9256-4aff-bc3e-a6945457649f/AinslieArthurAndersen6-06.PDF](http://www.schnader.com/files/Publication/079ca3cc-0006-4aac-8a33-48da4cbb789d/Presentation/PublicationAttachment/78bd395c-9256-4aff-bc3e-a6945457649f/AinslieArthurAndersen6-06.PDF) + +&#x200B; + +\* we'll get a transcript out as soon as possible! + +Thank you u/Luma44 for doing video edits! + +edit:added link to tweet + +&#x200B; + +&#x200B; +Hi all, long time lurker here! + +So yesterday was completion day on our house move. Everything was going good, we had loaded up our van, had some emotional goodbyes with our first house where we'd brought our son home from the hospital and trundled off on our merry way with belongings in tow. + +We parked up near a friend's house who live very close to where our new house is just to await completion. We get a call from our solicitor who then told us that someone in the chain doesn't have funds to complete. They apparently said they were a cash buyer but when it came to crunch time, they didn't have any cash to buy with! + +After several hours of tears and waiting for a solution we were told that they had fully pulled out and to move back in to our old house. The chain had 6 parties in it so whoever this was has seriously upset a lot of people. We ended up having to rent a storage container for a lot of our stuff as we couldn't get everything back in to the house that quickly the way it was. + +So, after much waffling, what happens now? I've tried doing some googling around this but just seem to get articles about what happens on completion day. I presume that as this person/people pulled out after exchange of contracts and that clearly their solicitor didn't do their job properly that there would be some form of pay out? Does the whole thing fall through? Has anyone ever been in this kind of situation before??? All of the solicitors are now on holiday for Christmas (ours even came in on their day off to get us through completion) so it's not like I can ask them. I presume what happens now is dependent on the agreement in their contract? + +Thanks + +Edit: wow, this took off like a rocket! Thanks everyone for your contributions! Thank you very much for the award! My first ever on Reddit! :] +Greetings everyone, + +I like to start off saying: This is not financial advice and everyone is open to punch holes in these numbers. + +For smooth brain apes TL;DR is at the bottom. + +I've heard a lot of people say: "Don't trust my word, do your own DD". So i did. + +I looked at the values on [shortvolumes.com](http://shortvolumes.com/?t=gme). And for a lot of consecutive days, the volume short was more than half the total volume of the day. Which means, if you only take that day, the total amount of shorts that are not covered adds up. + +Thought example: +If the volume short is 55% of the volume of the day, that means it could have covered with the remaining 45% of the day. Which means 10% of the volume of that day adds up to the pile. + +[My DD - "The Pile"](https://imgur.com/a/3dD9OPv) +Little discussion point: I only took the values from the 13th of January and up, because that's the day the volume started kicking. This is in favor of the shorties, as the maximum shorts open gets smaller. + +So for this DD I assumed that EVERY long trade that was done on a date, was to cover all open shorts on that date. The last date that shorties could have fully covered was the 26th of January. + +As seen in my excel sheet, the 'Minimal Cumul per date' is the Pile. Every day that the short% is below 50%, the Pile shrinks. Every day that the short% is above 50%, the Pile enlargens. + +TL;DR / Conclusion: +This means that the total open shorts are at least 60.721.275 shares (110,93% of the free float) This is assuming that no other trade was made except closing shorts, if YOU or your brother, uncle, dad or neighbour's cat bought a share, this number goes higher. +It could be a maximum of 856.523.374 (1564,71% of free float, only counting from the 13th of January and up). + +šŸš€šŸš€šŸš€Shorties are fukšŸš€šŸš€šŸš€ + +Edit 1: +Forgot exit quotes on line 4. + +Edit 2: +/u/Diamond_Thumb pointed out a fair point. I would like to quote him: +"...It should be made clear, that you can't calculate SI since it's giving a range of 110%-1500%. The thing I think people should take away is that the bi-monthly SI reported is 10m shares, verses this which is over 75m shares minimum, meaning that they either got a shit tonne of shares through dark pools somehow or the bi-monthly data is inaccurate. Establishing how inaccurate is another thing, but could be done if we could get up to date numbers on who's holding how many shares." +I couldn't have worded it better. My intention was only to point out the minimum amount of shorts that should still be open. + +Edit3: +Allright I am ending my discussions for now and I am going to bed guys, itā€™s 1:40 AM here. Have a good night and keep HODLā€™ing tomorrow! + +Edit4: +A lot of people pointed out that shortvolume =/= short interest. I get this point, however I do believe there is a correlation with the amount of unclosed shorts and shortvolume. The numbers mentioned in this post may be off. I will look into this matter and post an update of ā€œthe Pileā€ next saturday! +Everyone forgot what a red day was because stonks only go up + +*sHoUlD I SeLl NoW?! Iz tHe CrAsH CoMiNG?* + +I honestly get less stress on red days than I do on green ones, weird +&#x200B; + +https://preview.redd.it/xa8bawctbd871.png?width=1600&format=png&auto=webp&s=999a1e1d9d9ffb20879525bb43b43996853f2231 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/4gz98z8vbd871.png?width=680&format=png&auto=webp&s=ad64a996da02f731719d4a933dbfd96bce9e87da + +# Reverse Repo's + +&#x200B; + +https://preview.redd.it/k7ad3ymxbd871.png?width=718&format=png&auto=webp&s=94f436a280c9edc64fb1be34a67f5c7e9c6d2088 + +And it's back to 841 billion + +&#x200B; + +https://preview.redd.it/3475y9c3cd871.png?width=960&format=png&auto=webp&s=03699984c2e9f4c9f741ec89aebf15957fba776d + +Logarithmic floor guy u/JTH1 + +He is switching to weekly until something happens, so that could be today tomorrow or next week, who knows. + +What I do like however is that u/ajquick also has adapted the model to fit the current flow, as you can see the exponential floor how it would go without the first share offering, with the offering and how it may be going now. Remember that there isn't a lot of data to calculate the current situation so it may be a little off or need to adjust the calculation, but I like how the previous two do line up and lets hope this means the current one will line up. + +You can check his thread [here](https://www.reddit.com/r/Superstonk/comments/o7eekh/recalculating_the_exponential_floor_equation_part/) + +&#x200B; + +https://preview.redd.it/74mihacxcd871.png?width=1068&format=png&auto=webp&s=ada259b2e21f024795583d77f78a950d8356c439 + +or better yet perhaps the two of them can work together on this. + +&#x200B; + +[thanks to u\/hummus\_is\_yummus1 ](https://preview.redd.it/mziyiw26dd871.png?width=960&format=png&auto=webp&s=55c716b0339a8cf143dba1b3bc15f3e84d58ed03) + +Fidelity lists GME at a "value stock" right now, and see it as a discount. +spicy. + +&#x200B; + + + +# Gurbir Grewal, Attonery General (N.J) as the new Enforcement Director for the SEC + +&#x200B; + +https://preview.redd.it/do4y1t8ted871.png?width=519&format=png&auto=webp&s=7b085a80f91a4857fc278e9a36f8257774c74c30 + +Gurbir Grewal is the new enforcement director for the SEC. + +If you would like to know about the person u/love_butter69 was kind enough to make an entire thread on him [here](https://www.reddit.com/r/Superstonk/comments/oaip1a/gurbir_grewal_attonery_general_nj_as_the_new/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +TBH this dude has a decent past as an enforcer, lets hope he keeps going. + +&#x200B; + +[ $GME Lowest Volume Since AUGUST 2020 | Volume today = 2,436,647 million | June 29, 2021 thanks to u\/ajquick ](https://preview.redd.it/gfeeq4rydd871.png?width=960&format=png&auto=webp&s=6f3ef16ef10e27b96d7d67b280817fed0e71f19c) + +&#x200B; + +[thanks to u\/NHNE ](https://preview.redd.it/qypgacreed871.png?width=495&format=png&auto=webp&s=caa1bc008b66993f50153a8e105f51c5715fd455) + +# And let's not forget, today is also an anniversary + + + +https://preview.redd.it/2jq9fio5ed871.png?width=960&format=png&auto=webp&s=c318f89e194dafa13f9fe4ee0b7e1895479704d5 + +# Also the 005 seems to be filed/implemented today + +https://preview.redd.it/fsvwymt8ed871.png?width=909&format=png&auto=webp&s=bc7a7f343cef3ab027267ce80b17d02f6a2ebf6e + +A full thread on it [Here](https://www.reddit.com/r/Superstonk/comments/oa8gs9/nscc_005_dtc_005_will_be_published_on_the_federal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +if you want to know more about the nscc or dtcc 005, please check the thread, it also links to the pdf's of them and you can check the comments for feedback. + +&#x200B; + +Also an interesting one was Hanks FTD cycle on what is happening, and why it may have not been happening in the past week, it's interesting to read regardless +[https://www.reddit.com/r/Superstonk/comments/oailkx/why\_the\_ftd\_cycle\_didnt\_happen\_hankys\_take/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/oailkx/why_the_ftd_cycle_didnt_happen_hankys_take/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And as always the awesome work of our native "data Seal" Annihil4tionGod + +&#x200B; + +https://preview.redd.it/b3cxb8svfd871.png?width=4096&format=png&auto=webp&s=c237144dd9eea579d5afdacf71069c50ad4b6d5e + +&#x200B; + +But as to wrap up I'd want to go over two last things + +&#x200B; + +https://preview.redd.it/g7ddfnk6fd871.png?width=1080&format=png&auto=webp&s=7a1b02d710a2a10f7afbcffe49f5308a13ada56e + +Imagine being the magician, and you have 500K apes screaming out your tricks, that's whatsup. + +&#x200B; + +Also I've seen people talk about Trading212. + +&#x200B; + +https://preview.redd.it/sk25rg7hfd871.png?width=456&format=png&auto=webp&s=920361edc31c3e857f73364018801b67e70216a7 + +Again this was a showerthought of mine, but instead of fudding around, just opt out of the share lending part if you don't want to be a part of that, and keep your shares in there? +if you are going to hold anyway it doesn't matter if it's close only right? + +I may not have a big wrinklebrain on this but perhaps this could help + +&#x200B; + +https://preview.redd.it/3smqqge1gd871.png?width=554&format=png&auto=webp&s=518dd3b0a8469af32d62cf3784342b9e1dc099a3 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/l2e331q3gd871.png?width=400&format=png&auto=webp&s=35dc6753e9a52ab3152342769d88f828d65940bc + + + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +Well [realestate.com.au](https://www.realestate.com.au/auction-results/nsw) has started off by dodgying up the stats. Claiming rates are 62% and not counting [approx half of auctions.](https://www.corelogic.com.au/news/national-auction-market-preview-12-april). Most people are moving to private sales. + +But the winner today is [domain.com.au who are now refusing to post results. ](https://www.domain.com.au/auction-results/sydney/) + +Troubled times. +20 years old and in the army. I currently have around 20,000 saved up and pocket about an extra 1200 bucks a month due to not having any bills. I donā€™t really know much about the stock market, so I was wondering what would be medium to low risk way of investing my money that would be available to me in around 5 years when I need to buy a house. I already have 6 percent of my paycheck going to tsp (army 401k). +Thanks +For instance, where they talk about different industries and their relevant competitive structure, maybe a Porter analysis and relevant metrics and formulas for analysis. For example Same store sales (SSS) in Retail. Basically a book that is a good starting point to learn about a particular industry/ sector? +You might recognize me (probably not) from such posts as "Knowing saves half the battle. Part 1." wherein I speculate that a recent batch of Burry tweets are referencing the cannabis packaging company, KushCo Holdings (KSHB). That post was modded off because it wasn't focused on value investing (which, quite frankly, is a fair reason). + +Hours later, Burry tweeted more phrases that abbreviate to "KSHB" as well. That kicked off an additional round of research by a group of us over on r/Burryology. Part 2 gets into those tweets but I'm not here to talk about Burry. + +Instead, I'm here to share ["Knowing saves half the battle. Part 3."](https://boneless.substack.com/p/knowing-saves-half-the-battle-part-a8d?r=maiaz&utm_campaign=post&utm_medium=email&utm_source=copy) which is a bull thesis on the value play that is KushCo Holdings as well as the catalysts that exist in the cannabis sector. I used Chapter 7 of Graham's Security Analysis to guide much of what I included. I also don't reference the person that first set me on to the stock as it isn't relevant to KSHB's status as a value investing play. Interested in hearing any feedback/holes you poke into the current thesis. +Fuck Chase. Opened a Chase savings account a year ago for the bonus, and when i closed it out last week they ended up giving me 19 cents more than I had in the account after accrued interest. Called their customer service several times and got a "too busy" signal/couldn't get through, today sat on hold for like an hour to talk to customer service because a banker at my branch said it was likely just a clerical error, and when I finally got through they said that i owe them money, and because my account is pending closed I cant transfer it or mobile deposit (according to the customer service rep), but have to hand deliver 19 fucking cents to the physical branch. Fuck Chase, they're never getting a dime from me again +We've been climbing fast clearly were hell bent on taking back our second place title. But is there any news speculation coming out that warrants this run? Im not exactly trusting of this surge just interested in hearing your thoughts +Letā€™s face it, when a coin moons and you cash out, that money doesnā€™t just come from nowhere, itā€™s come from another investor. Same as if you hold a coin which is dipping and others are selling, people are literally just taking some of your money and putting it in their pockets. + +Weā€™re all pretty chummy with each other in this sub and itā€™s a great place. But letā€™s not forget, weā€™re all competing for a Lambo šŸ˜‚ + +For the record, Iā€™m not complainingā€¦ Hell I want to fill my pockets too but you bastards keep taking it all haha. +We inherited a diversified account from Morgan Stanley set up for an 80yr old man (we are in our 50ā€™s) with about 200k. We keep our savings diversified in Vanguard. Should we use the inherited money to pay off/down our house? Should we combine the accounts in one bank? + +We are not great at planning but we are good at saving. Who do we trust to help us figure this out? +The [post on the front page](https://www.reddit.com/r/Superstonk/comments/nxu0y3/i_was_not_prepared_for_fox_news_to_drop_the_mic/) linking to a story at Fox Business that rails against big money is an interesting read, and on the very thin surface is getting apes to think "They're finally listening!". To an extent they are, but not in the way that you're hoping. And it's not a political hit piece this time. + +If you look toward the top of the piece and just to the left of the by-line you will see the first clue: "OPINION". It's how MSM more or less disowns the content. + +Why, then, would they allow content that is so incendiary about big money if they are also tightly tangled with it? More money, of course. As we are "the product" in the ubiquitous cliche, they are driving traffic to their site and it's well known that apes are ever hungry for confirmation bias. Clicks are valuable. Impressions are valuable. + +Also consider the end of the article where it discloses *why* she wrote the article: "Carol Roth is a former investment banker, entrepreneur, and author of the forthcoming book "The War on Small Business" (Broadside Books, June 29, 2021)". Ms. Roth appears to be on a promotional tour and a firecracker of an article like this that is released Friday night like how bad news or bad employees are released on a Friday. + +If anyone would like to go down the rabbit hole of why GameStop is in the headline but only AMC is mentioned in the article, be my guest. Outside of that, this is just another greed-driven article written about a greed-driven market. + +The article still raises some eyebrows otherwise, but just understand the motivations behind the why and when. +I read that who your parents are and your zip code matter the most when it comes to life expectancy. + +I was wondering, with financial resources, what advice people may have to minimize chance of early death. I know diet, exercise, sleep, social connections all reduce risk of disease. How about car accidents? Suggested car types (I assume modern car with safety features) that one could just spend a more money to reduce risk of accident? + +Any recommended preventative health care habits / options? +All I have heard is that repo and reverse repo loans mean nothing to shorted stocks or could not find any correlation to why these loans have exploded recently. I have included the section of the report and the link. Maybe nothing. Maybe something. + +This is taken from the US repo market fact sheet. Link included. + +The repo markets allow investors to manage excess cash balances safely and efficiently. Dealers also benefit from significantly reduced funding costs, the capacity to finance long positions in securities and the ability to borrow securities to cover short positions to satisfy client needs. Long holders of securities can also gain incremental returns by engaging in repo transactions with cash investors for securities they own but have no immediate need to sell. + +Link. https://www.sifma.org/wp-content/uploads/2020/04/2021-US-Repo-Fact-Sheet.pdf +At the end of the day, the MOASS is a negotiation. You have a buyer on one end, and a seller on the other where a price will be determined to exchange a share(s) of GME stock. + +I have been part of the ape community since February and I havenā€™t posted, mainly because I wanted to fully understand what was happening. As the squeeze gets closer, I felt it was important to provide some negotiation principles based on my personal experiences as a negotiator. + +I was in a professional workshop many years ago and the instructor setup ā€œmockā€ negotiations throughout the training. The final exercise was a one-on-one negotiation where one individual was a buyer who needed a rare diamond, and the other party was the seller who had the rare diamond (what irony!). The instructor sends you off with the instructions ā€œif you donā€™t come back with a deal, you are disqualifiedā€. + +What makes this an effective exercise is the instructions purposely omitted a ā€œpriceā€ constraint, so this forced you to effectively negotiate on the basis of the value YOU placed on the diamond. As the various participants came back from this exercise, the deals reached shined a HUGE light on who was best at accessing value. You had individuals who settled on a price of $50 dollars, and others who came back selling the diamond for $50bn. How does that happen? It is because the savvy sellers knew they had the upper hand because they owned the only diamond the buyer needed and made sure they valued their diamond based on this knowledge. Plus, the pressure of "if you donā€™t come back with a deal, you are disqualified" provided the necessary time constraint to force the negotiation. + +Okā€¦.greatā€¦..now letā€™s bring this back to GME and how to negotiate. + +**Develop your Plan** + +It is critical to create a plan ahead for any type of negotiation. The benefits of understanding how you plan to deal with uncertainty while you have a clear head makes it easier when you get into the heat of the moment when actively negotiating with the other party. This is the time to get your head wrapped around what you will do and determine your target selling price. + +So how do I create a plan? + +**Whatā€™s on their sheet of paper, who has the power?** + +The concept here is understanding what the hedgies have on their sheet of paper for this negotiation. This is where the amazing DD over the past several months has helped inform the hedgies sheet of paper. + +*What is known:* + +They have a ton of IOUā€™s they need to pay back, time is not on their side, they are losing money by the day, and there are regulation changes happening that are not in their favor. Moreover, they have to purchase shares regardless of price because if they do not, the liquidation process begins and it happens anyways. + +*What is on your sheet of paper:* + +It is important to know what is on your sheet of paper. I believe the hedgies know yours, and have tested their assumption multiple times over the past few months with their various tactics (RIP paper hands). + +As you look at a macro-level, the apes sheet of paper looks good. The chances of GameStop failing as a business is unlikely given the recent changes in leadership/strategy/balance sheet, the recent trading volume is showing no one is selling, and it is likely retail owns a significant share of the float (if not more). I would say the weakest area is millions of shares spread across hundreds of thousands of people, so the apes strong together concept is quite obvious here. + +However, I do want to acknowledge those who over-leveraged themselves financially, this isnā€™t a good position to be in. This is where paper hands can creep into the negotiation which could dilute your ability to power through the emotional roller coaster of this negotiation. If your livelihood is at risk, you will make more emotional decisionsā€¦I will cover this more in a bit. + +**Know your value** + +As the DD will tell you, the owners of GME shares have a valuable asset needed by the other side. It is so valuable, it can command any price as long as this asset is hard to come by when it is time for the buyer to purchase these assets. This is the concept of HODL, the longer these shares are not available for sale, the higher the price can climb. It is important in this negotiation to understand the value only increases as time goes by, especially when you know whatā€™s on the buyerā€™s sheet of paper (see above). + +**Raise the Bar** + +As I have been following this community for several months, I am impressed with this principle being displayed loud and clear. It is important in a negotiation to ā€œraise the barā€, meaning, donā€™t settle for your target, raise it. If you follow the progression of this squeeze, it is apparent many would have been fine with a $1k share price. However, the power of information has ā€œraised the barā€, and there is confidence the share price can reach unfathomable numbers. If you see me in a negotiation, I will commonly say "do better!", this is exactly what I am talking about. + +**Control your Emotions** + +For most apes, this will be the highest-stake negotiation ever experienced in your life (including myself). It will test your emotions and ability to make sound data driven decisions during a chaotic moment in time. The point in creating a plan is to best prepare yourself for the critical time in the negotiation so you do not make a mistake, or worse, not know what you should be doing in the first place. + +Keep calm, stick to your plan, and trust those in the long position (holders of GME shares) understand the value at stake. + +There has been plenty of posts on figuring out your exit strategy and what is best for you. I couldnā€™t agree more. However, it is important to understand the seller is in the power position for this negotiation. The longer the sellers can HODL, the higher the price will go. + +**Pulling it all together** + +If you have gotten this far, you should have a sense of how to construct your plan + +1. I know what is on the buyers sheet of paper (the DD will give you this answer) +2. I understand the value of my shares (Valuable AF) +3. I need to raise the bar on this negotiation (Know your target price, then raise it) +4. I am confident in my plan and will not let emotions derail me (Prepare, prepare, prepare) + +I hope this gives you crayon eaters something to think about. There is enough information in this sub to know you are in a power position for the negotiation. It is time to prepare for it and know how to win. + +**TLDR** + +The seller has the power position in this MOASS negotiation. It is the seller who will determine the eventual price of the stock when it reaches the point of value they feel is fair to sell. + +HODL, know the value of your share(s), and prepare your emotions for the highest-stake negotiation of your lifetime +Sorry for the throwaway account, and sorry for the bragging. + +Some veiled yet factual details, if anyone wants to know: I have been working for 19 years, with a few months off in the middle, I have a good education (MFA, paid off $53k in loans, and slightly less for my wife's loans). + +My starting annual salary was 34k in 2000. My highest annual salary was about 2 years ago, 110k. I live in a large American city. I have never worked very hard (office job, 40 hours a week, 50 weeks a year, or less). I have always invested in the stock market (even during the low-salaried years). + +I bought and sold a house in Large American City for profit. I buy used cars exclusively, high miles ok (currently a sweet $6k convertible, bought 3 months ago). I don't actually enjoy expensive restaurants, so I don't go to them. I do travel more than I would consider "frugal." But nothing too crazy. Europe a few times, Mexico, Canada, Hawaii, Vegas. + +Besides the bragging, I also wanted to post to say that saving money is an achievable goal. I see a lot of articles and posts, etc. about people unable to get ahead, the system is rigged, the system is bad, etc. I disagree. I didn't even start working until I was 26, and since then I have done nothing extraordinary, in terms of effort. All you need is discipline, and I guess a little knowledge. + +My question is.... can I "retire" now?!? + +Good luck and best wishes to all! + +Edit: to clarify for some people, I was raised ā€œmiddle classā€. When I say I didnā€™t start working until age 26, I meant to say I didnā€™t start saving until then. I had many jobs as a teen and college and grad student. (Dishwasher, waiter, tutor, you name it.) + +Edit 2: this got more attention than I expected, sorry I canā€™t answer questions/messages anymore (Iā€™m not retired yet!) but I answered several in comments. + +Edit 3: OK, now this reeeally got a lot views and responses - answers to common questions: The car is a BMW 3 series, 2006. I went to a liberal arts college in Vermont and was a Psychology major, then went to grad school for TV production in the city. (Psychology degree remains unused, but not regretted.) Questions from comments: My first 6 figures (in savings) was achieved in (I think) 2005? My first 6 figures (in annual salary) was maybe... 2012? People are writing to me asking for advice and encouragement, my main advice would be to automate your savings, the old "pay yourself first" strategy, preferably into stock index funds. My second advice would be not to buy dumb stuff, no "keeping up with the Joneses". My third advice would be not to buy new stuff, if it costs more than, say, $100, and it's not made with any kind of cloth or fabric. (That's right, leather seats in the cars...) My final advice would be to eliminate and reduce, as much as possible, the cost of your monthly bills. (When you buy a car with cash, there's no monthly payment.) +A year has passed since my [original post](https://old.reddit.com/r/investing/comments/97qwgr/my_first_attempt_at_stock_picking_an_experience/) and I thought that I would give you guys an update on how my stock picks are doing (*spoiler alert*: not great, to say the least) + +If you can't be bothered to read the original post, I decided to invest 8% of my NW in 8 small cap stocks (1% each) in April/May 2018 to evaluate my skills at stock picking. + +Here is how my picks performed: + +* $MNK (pharmaceutical company) has been a roller-coaster. After buying at $16, it went up to $34 last year. I was fairly certain that it would go to book value (around $40) and above but... it tanked to $2 mostly due to the legal battle on the opioid crisis. They may have to pay billions in settlement for this so they might go chapter 11. + +* $AAOI (makes and sells fiber optics) has been similar but less extreme. Bought at $32, went to $46 and then tanked to $10, mostly due to a quality issue of one of their product and a general mistrust of the management. It will probably get back up but it might take a long time... + +* $HX (chinese peer-to-peer lending company) is the type of roller-coaster that only goes down... Bought at $11. It trades at $1.5 now. Legislation of peer-to-peer lending in China is not as loose at it used to so it forced the company to stop all activities to comply with requirements. It's back in business now but not to the level it used to. It's profitable with no debt so it will get back up at some point but, again, it might take some time... + +I consider these 3 as "lost". I won't sell until next year, because I told myself that I wouldn't sell before at least 2 years but yeah... it's not going x10 any time soon. + +* $LCII (sells RVs parts and accessories). Bought at $89. Oscillated between $65 and $95. Trades at $85 today. Solid company with lots of headwind in the RV space at the moment. They diversify by acquiring companies selling marine components and accessories. It will probably stay at this level or modestly appraise but no huge growth to be expected. + +* $COHR (makes and sells lasers and optical devices). Similar to LCII in terms of patterns. Bought at $169. Oscillated between $95 and $185. Trades at $163 at the moment. + +* $ICHR (makes and sells gas and chemical subsystems for the semiconductor industry). Bought at $22. Oscillated between $14 and $27. Trades at $23 at the moment. They went down on the concerns regarding the end of cycle in the semi-conductor industry. They also seem very sensitive to trade war announcements. + +* $RDUS (biotech company) Bought at $29. They went as low as $13. Now they are back at $28. + +* $RBCN (US sapphire producer). This one has been the most stable. Bought around $8. Oscillated between $7 and $10 and $8.5 now. It seems like they are completely changing their business as they just invested in a drug delivery company (!?!?). But they are still trading below cash level so I guess I'm holding for now... + +So... I guess that it has been established that I am a terrible stock picker. I'm not very surprised, since this is the experience of most people who try to pick individual stocks. Of course, I was secretly hoping to be the next Warren Buffett, but rationally, I knew that it was unlikely to be the case. + +I have lost around 40% of my initial investment (compared to the S&P500 being up around 11%). I'm glad that I stuck to my principles and didn't buy more shares, even if I was (and still am) sometimes tempted to. For the same reason, I won't sell any stock before April 2020, because I decided to give this experiment at least 2 years to develop. This has been very educational for me in the sense that every time I think buying a stock is a good idea, I remember those 8 stocks which I thought were good ideas as well... I don't regret doing it because sometimes you need hard (and expensive) evidence to be convinced of something and I guess that I'm more or less convinced now :) + +I will post a final update next year to conclude this experience. + +**EDIT:** The main thing I didn't consider was the percentage of shorts. Some stocks were (and still are) very heavily shorted. It should have been a hint but I wasn't aware that it had such a large impact on the stock price... + +**TL;DR: don't buy obscure small cap stocks unless you want to subscribe to a costly education program.** +I was looking at buying a hotel before corona and having a manager run it that had prior experience. + +Would this have been a bad investment before corona? From the numbers it looks pretty good to me. First time trying to get into hospitality/commercial any experienced members look over this property as a ā€œcase studyā€ + +This is the hotel: https://www.loopnet.com/Listing/810-Veterans-Blvd-Del-Rio-TX/19873451/ + +Numbers: +3,250,000 19.12% cap rate + +3250000*19.12= 621,400 NOI + +75,000 manager expense (since wonā€™t be self managed) + +621,400-75,000= 546,400-6,400 misc= 540,000 + +Down payment = 3,250,000*25%= 812,500 + +Loan payment monthly = 14,000= 168,000 yearly + +540,000-168,000=372,000 Profit + +Downpayment/Net Profit= 2.18 years to pay off the money I tied up in down payment for another property. +We live in a vhcol area. I had been in an extremely stressful job in financial services for almost 20 years. Around 3 years ago I made a bad call that I knew would likely end my career at some point. So I started planning for what I wanted to do afterwards. I assume a lot of readers of this reddit are currently high earners / in good careers who will eventually or have already reached FI, but considering RE. I was laid off 4 months ago so itā€™s kinda ā€œREā€, and I wanted to share my experience. + +1). For a long time, my sense of personal identity and self worth was tied to success at my job. The bad call 3 years ago was devastating to my state of mind as I thought I was worthless. I had a beautiful family with a loving wife and multiple kids. Our net worth at that time was already at fatFIRE level. It didnā€™t matter. My job was my identity, and when I didnā€™t perform at my job, my sense of self worth was destroyed. I fell into a severe bout of depression and contemplated killing myself. Eventually I sought medical attention and got things under control. Donā€™t let this happen to you. If you are reading fatFIRE, you are probably a high achiever. There is always going to be the risk that you stop performing. Donā€™t attach your identity to your career. Turns out there is so much more out there (see below). + +2). Over the past five years or so, I increasingly felt conflicted and eventually got to the point where I absolutely hated my job. On the one hand, I make good money that enable us to achieve fatFIRE. On the other hand, I felt that it was meaningless as it was just making rich people richer. If you are reading fatFIRE, you may have similar feelings about your job. You must also know that before you FIRE you need to figure out something to retire to. Even today there is an article in the New York Times about ā€œarrival fallacyā€.. Two years ago, after I made the bad call at work and anticipate eventually getting laid off, I got back to graduate school part time to get a degree in a subject that I am passionate about. I also started making plans on different scenarios to adept our household budget and lifestyle if I lose my job. This was like a two year runway to ease into FIRE. I would encourage others to go through this exercise as it makes the transition into FIRE much easier. + +3). Four months ago, I was laid off from the company that I spent almost 20 years. I expected to be laid of at some point, I just didnā€™t know when. When I was laid off, I actually feel a sense of liberation. I hated my job but the money was too good for me to walk away. The company made the decision for me. Honestly I didnā€™t know ahead of time how I would feel when I got laid off, and I was surprised how good it felt. There was no anxiety or hard feelings at all. It was liberating as I could finally put my FIRE plan in place. Instead of panicking about what to do, I just executed on one of the plans that we came up with over the past two years. + +4). After I was laid off, my original FIRE plan was to take a long break after a 20 year career in a high stress job. So I went skiing - a lot. But... I got bored after around 3 weeks. I mean I would love to travel the world etc but my wife still works and my kids go to school. I am spending a lot more quality time with the kids, I can finally go drop them off and pick them up from school, have time to help them with their homework, that sort of thing. These are all great and I continue to do it and love it. However, I wanted some structure. By that time I had gotten three soft job offers from my network - I wasnā€™t really looking for a job, there are more like hey if you want to join us we should talk. They all pay a lot less than a job in financial services, but these offers gave me the confidence that I could find a job in the private sector if I needed to. But we donā€™t really need the money, so... + +5). I ā€œREā€ into launching a non profit for a cause that I am personally very passionate about. Two months ago I started building the company from scratch and it will probably start operating in a month or so. I will also be teaching a class at the local university as I wanted to pay it forward to the next generation (and I was also fascinated with being a professor). I am also using my graduate degree (that I started two years ago) to get an academic research position. With all these things going on, on some week days I am actually busier than in my previous career, for a lot less money. However, I have complete control over my schedule. In the research position I only pick the projects that I want to work on. I love the challenge in launching the non profit. I am my own boss and I donā€™t have to work with / for a$$holes anymore. Honestly I have not felt this engaged and excited for a very long time. I am working but it doesnā€™t feel like working. I donā€™t know how to describe it. I guess itā€™s RE from a job that I hate into something that I love. + +Anyways, this was my journey. I didnā€™t choose when to FIRE as I was laid off, so it was a bit unexpected. Some might wonder what itā€™s like on the other side. So I wanted to share my journey. The other side, for me, is spending a lot more time with family and relationships, on some days similar to more ā€œworkā€ hours than before - for a lot less money (lol), and I donā€™t think I have ever been this happy. I think the most important thing is having a clear goal / objective to RE to. Lots of FIRE blog talk about it, but I canā€™t emphasize enough the importance of it. + +EDIT + +A couple more things I want to add. + +1). Keeping up with the Joneses. I want to share some thoughts on this. Around 10 years ago my wife and I went through a phase - four seasons, business class flights, newest cars, designer clothes, etc. Eventually we both grew out of it and went for functionality. However, I remember a conversation with one of my best friends around 5 years ago. When I shared our shift (from materiality, for the lack of a better term), he kinda bitterly mentioned that well you have already been there and tried all that, I never did. I think he may have a point. I would say to other people who pursue fatFIRE to keep this in mind. FIRE in essence is save more than you spend. If you are on fatFIRE path, you certainly have a lot of spending power, and your lifestyle will inflate. I hope you can find your ā€œenoughā€ point early on your journey. In our case, the ā€œenoughā€ point actually retracted. + +2). Another thought on keeping up with the Joneses - you are who your friends are. We live in one of the most expensive zip codes in the US. None of our friends had ever given a f about the keeping up with the joneses stuff. But for plenty of people in the neighborhood thatā€™s all they can talk about. So... find like mind people to become friends? + +3). Perspective on money. To generate passive income, we had invested in some local mom and pop cash flowing businesses. I have gotten to know some owner / operators that we invested in. One fo them busted his ass at an implied pay of $20 an hour to send his daughter to private school so she can go to college. I mean this is kinda cliche stuff, but when you actually meet a person doing that, itā€™s still amazing. That dude changed my view on money. This was around 2 years ago, and factored into my consideration of what I want to do post FIRE (and how much money I need to make from it). + +4). After I was laid off from the old job, I did have a job offer from another financial services firm for a similarly high stress but well paid position. I asked for advice from a good friend who is a senior executive at a Fortune 100 company. He asked me if I needed to make the money from that job and I said no. Then he said go do whatever you enjoy, and then figure out how to make money from that. That gave me the final push to ā€œREā€ from the old stressful field. If I can somehow grow this non profit, I might be able to draw a reasonable salary for running it, for my passion cause. Thatā€™s the path I have decided to pursue for now. +Powerhouse Energy turns un-recyleble plastic into hydrogen energy. They provide flexible, innovative, solutions to global pollution by recycling plastic and waste into valuable clean energy products. We will license developers to deliver facilities that improve our environment for future generations. + +Yesterday it signed a deal worth Ā£1Billion. In a deal signed at COP26 last night, Linde agreed to work with London-listed Powerhouse Energy and its EU partner Hydrogen Utopia (HUI) to use its technology which converts plastic into hydrogen. Linde will provide exclusive services processing the hydrogen produced in HUI's plants across Europe for the next five years. A number of plants are already planned with the first on course to open in the Polish town of Konin towards the end of next year with Bulgaria and Greece to follow. Sites are also planned in the UK with the first to open in the North West in two years with one in Scotland to follow. In total the plans are expected to create at least 500 jobs across 50 plants. +I decided that I would like to simplify my portfolio a bit, and just take the vast majority of my portfolio and investment income and place it an ETF (dividend paying ofc) tied to the S&P 500. Basically I could then track my portfolio monthly and have auto investment setup to keep the ball rolling. Do yā€™all think this a good idea, or no? + +Edit: Yes, I know it lacks diversity, but itā€™s an ETF and has plenty of stock exposure since itā€™s indexed to the S&P 500 +Thoughts on that? Am I the only one who sees this as one of the biggest bubbles ever in the market? This must be one of the greatest short squeezes of all time? When VW had the biggest short squeeze of all time it went up to 370b usd in value, and TSLA is soon passing that market cap. + +VW crashed HARD when it crashed however. Will TSLA be the same story? +Bought in at 7.5 and its currently sitting at 5.5. RSI is at 40, trend is a pretty strong down. So I'm getting worried. Was this a shit investment, maybe? + +Also China is getting very cranky and restricting trade even more. AUKUS will probably make it worse. Is this the end? Time to bail? + +&#x200B; + +Or.... do I double down and hold for a month then DCA? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +First off I am soooooo sorry that this question has probably been posted a thousand times before. I have about $2000 that I am willing to invest and lose, is that a good start? Can I even open accounts with such little money? + +Honestly, my true question is, if I bet $2000 on trades and I get lucky, could this lead to a 5 figure "salary"? I know I sound completely ignorant, but the 9-5 is truly killing me and I don't have a "passion" that anybody would pay me to do. So like a desperate fool, I am here, asking you if my desperation is enough to bet my life with $2000. + +Any advice and pointers would be incredibly appreciated. + +Edit: Should have clarified better. Iā€™m not looking to flip 2 grand into a fortune over night with lucky bets. I mean is it enough to grind and build over time as my source of income and turn trading into my salary job. Apologies for making it sound like I was asking how to get lucky overnight. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I don't understand...it certainly doesn't look like the coronavirus situation is getting any better...numbers still increasing...US just announced record jobless numbers...yet markets are going up...? Why is it going up? Is the downturn over? +&#x200B; + +https://preview.redd.it/pdit7vkynk671.png?width=1600&format=png&auto=webp&s=296503fc0a4df41903244dddfaec97f94882b384 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/zdewbgc0ok671.png?width=680&format=png&auto=webp&s=3b28e6de3321c35952c309c13ed743bb4c325a2c + +# Reverse repo bingo! + +https://preview.redd.it/kh1dnk7hok671.png?width=870&format=png&auto=webp&s=8205651a3037870c4dd8af590d92d01a933ca92a + +This week starts off with some interesting things, the RRP's are currently standing at 747 billion, [https://apps.newyorkfed.org/markets/autorates/tomo-results-display](https://apps.newyorkfed.org/markets/autorates/tomo-results-display?SHOWMORE=TRUE&startDate=01/01/2000&enddate=01/01/2000) + +&#x200B; + +https://preview.redd.it/y2m8sggvok671.png?width=960&format=png&auto=webp&s=9290aee8edee8ae66e1e25264e7bb514f255e1de + +# The Exponential floor + +the "exponential floor" from u/jth1 it seems that we are still traveling bellow the exponential floor, and I want to thank u/jth1 for continuing to log this, this so that once a correction comes in or we have something change we can still use this graph to double check, I believe we may see a correction soon and we'll be able to create either a new graphic in which the support lines are visible, or come to a new theory/conclusion. + +&#x200B; + +[credit to u\/CachitoVolador ](https://preview.redd.it/y2sa714cpk671.png?width=720&format=png&auto=webp&s=501e727115a063adca46ea24b1b6c5e01ef56ad1) + +&#x200B; + +https://preview.redd.it/zz9symhipk671.png?width=1242&format=png&auto=webp&s=21c0f7d95a64d4697d053c174f77ff0637a058be + +# Rc's fathersday tweet. + +It was fathers day yesterday, so I'd honestly say it would be one of the few times the man could post something about his dad without being bombarded with "wen moon" jokes, even if I've seen some of the theories on here which I would love to be true, I'm currently in the mindset that this is nothing more then the man showing some love for his father. + +&#x200B; + +https://preview.redd.it/2uezp5r8qk671.png?width=313&format=png&auto=webp&s=0958ae73e8e594dfaef458ddfe8f05879aabaf67 + +Larry Cheng, GME boardmember. + +&#x200B; + +[credit to u\/Manonthemon ](https://preview.redd.it/nugyu7aeqk671.png?width=960&format=png&auto=webp&s=d814f8f5af0cc5522abc03bbbe90af88edb928ab) + +# The NSCC 2021 002 + +The 002 changes having enough liquidity at the end of the month into a "intraday" thing, or in smoothbrain, you better have the money on your bank account 24/7 because if daddy checks and you aint got his money, daddy gon be mad. + +They can start checking every day, and check it multiple times even if they so choose to, instead of just the end of the month. + +The 002 will be filed today on 21-06-2021, but could take up to 10 business days to be implemented, meaning that even if it gets filed today they can say "yeah it's active now" but they could also let it sit there for days before activating it. + +[https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf) + +# Wen new CEO + +Also before we forget, today is the date that the new CEO steps in! + +Good luck mr. Furlong! + +# Annihilationgod's data + +Now I love pure data because once you have "all the data" you can see so much more, AG is one of those guys who has a certain eye for data details, He's made two threads, one with data the other with a question for help + +[AnnihilationGod presents: The Big Short Data Collection for Everyone](https://www.reddit.com/r/Superstonk/comments/o3e9kg/annihilationgod_presents_the_big_short_data/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[DATAGod Part 2 - A task for apes!](https://www.reddit.com/r/Superstonk/comments/o4iy9f/datagod_part_2_a_task_for_apes/) + +let's just say there is some weird stuff going on just by data alone + +[Overstock's graph](https://preview.redd.it/t55gv2i4sk671.png?width=5166&format=png&auto=webp&s=4f667955247ef8c596d50044783bc11eaf0112ff) + +&#x200B; + +[Gamestonk](https://preview.redd.it/674s7hb6sk671.png?width=4932&format=png&auto=webp&s=224539892efddd747b7e46d80fba71b7969093dc) + +&#x200B; + +https://preview.redd.it/lc6rgbxjsk671.png?width=554&format=png&auto=webp&s=068a027c335408b396c10b9d019aac30d0c0c7f1 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/cck8rp6msk671.png?width=400&format=png&auto=webp&s=592c2a08328d6e594548f24991fde8b28aa62ebe + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +# Brigading + +apparently this has become an issue I've only just been made aware of, it seems some moderators of other subreddits have the feeling we are condoning brigading. + +Brigading can be seen as a lot of things, one of which is downvote brigading (downvoting everything that you don't like as a group), another one is going in there with the intent of "stirring shit up", neither are condoned by us (the moderators of superstonk) or any sub. + +if you want to take part in another subreddit make sure you adhere to their culture and their rules. + +One of the communities I've seen complaining about this is r/wallstreetbets, also with statements like "the moderators condone this behaviour" (as per post of u/zjz), so Zjz let me say it here so that it's clear for both subs, we don't condone brigading. + +I do feel that seeing posts pop up all over the boards,members of r/investing r/stocks and others have received these messages (asking to write DD on random stocks) and thereby people trying to get exposure for a certain stock, and putting "squeeze" in every DD is far from good, and I believe that unless they are a stock specific sub it's hard to circumvent this, yet it does breed the idea that there are a lot of "shills"/"Bots" out there right now, and not just in one single sub but in a lot of them. + +However that being said I do personally believe ZJZ and other mods of r/wallstreetbets are doing their best in trying to get their subreddit back to the way it was, and I hope they succeed because it used to be a very off the cuff place and now with a lot of new participants it feels different for me (and I was just a lurker for the longest time). + +So u/zjz or u/fannypackphantom, if you guys have any trouble with members from our sub please let us know and we'll try to help as best we can. + +&#x200B; + +Edit: + +&#x200B; + +https://preview.redd.it/70x0ji8fyl671.png?width=1125&format=png&auto=webp&s=8249f94f3aef1dc8662980398c7697506e7c182e + +Mr. Furlong is now CEO and Sherman is out effective immediately +35M, NW $23m. Iā€™ve scaled a medical transport company from a simple private pay set up, to a full service ambulance company with dozens of hospital & insurance contracts. + +I hated every minute except the Income. I fell into the industry from a family member & learned to scale it while operating it. + +This being said, Iā€™ll net a solid amount in a few weeks. Iā€™ve already invested in all sorts of real estate, some Angel investments in start ups, etc. Iā€™m a high anxiety/canā€™t sit still type person & I donā€™t want to ā€œretireā€ and fall into depression (I will, Iā€™ve taken time off before and it led to depression, meds, therapy and other negatives). + +My question is what type of company should I start next? I have an itch to start a Saas company, but I want to tackle a real world problem, then implement a Saas solution. Preferably B2B. + +Edit: you guys have been awesome. Iā€™m grateful for the array of responses. Iā€™ll say this, whatever I do next; this sub is a fantastic resource & most of the folks on here are genuinely helpful. Appreciate it & Iā€™ll keep my journey up by being more active & not just lurking. + +My first thought after all of the feedback is to probably start to advise/consult anyone that wants to break into the space. It can be rewarding & I can give some pointers on how not to make it as miserable as it was for me to scale! + +Grateful. +Hi all, + +How do you keep hope in the face of relentless, exponential rising costs of living in the UK? + +It feels like life in the UK is becoming harder and harder as the costs keep going up. I feel absolutely hopeless in terms of achieving any reasonable aspirations. +I know we see a lot of high income posts here and I wanted to share my small milestone and how I got here. It's a nice feeling for me and it's tough to share that feeling with people in my life so I'll share it with you. + +I'm currently 29, I graduated in 2013 with a Bachelor's in Environmental Science, 90k of student loan debt and no strong direction of where to take it. I moved back to my home town and started working at a hotel while I looked for more career oriented jobs, but didnt come up with much over the first 2 years and over those years realized I quite loved what I was doing so decided to continue. All of a sudden its 8 years later, still loving what I do and have a little to show for it. + +I make $17.25 hourly thanks to my transition to a supervisor role, and make a reasonable amount of tips on top of that, I estimate about a 60k a year income. + +I've dropped my student loans to about 4k at the moment, should be done this year. I have a 15 k emergency fund, 70k in investmests between a Roth IRA (Betterment) and a 401k through work. I also have 20k in a slightly more conservative investment portfolio (also Betterment) in hopes of buying a home sometime soon, as I am currently renting. + +All in all nothing crazy but wanted to share my personal journey of consistent saving up to this point, and say that I'm happy to be part of this community, its helping current me and future me simultaneously. +My wife and I have been sleeping on an air mattress since July. Actually, weā€™ve been sleeping on a series of air mattresses, since weā€™re both larger women and have several pets, and air mattresses in general arenā€™t exactly designed for day to day use. + +Hereā€™s a perfect example of why itā€™s expensive to be poor. We are never able to save enough to buy a proper mattress and frame, but we can buy a cheap air mattress every other month. I realize we could put the air mattress money aside for a real bed, but then what do we sleep on? Weā€™re both disabled, sleeping on the floor isnā€™t an option. We donā€™t have a sofa, either. + +My parents promised to buy us a bed this summer, but their financial situation is just as bad. My mom cried the other day because ā€œsomeone with a masterā€™s degree, thirty years of experience, and a full time job should be able to buy her daughter a bedā€. + +So our air mattress just popped. I start a new job on Monday. Luckily new job will buy us a bed eventually but until thenā€¦. What do? This sucks. + +EDIT: Omg yaā€™ll, I didnā€™t expect anyone to read this let alone have such good suggestions and nice things to say. I appreciate each and every one of you so much for taking the time to help. I may not be able to reply to everyone, but please know I am really really grateful. + +EDIT #2: Once again thank you all for your amazing suggestions and kind words! For those of you going through my post history and making value judgements, thatā€™s fine. I posted this as a rant not expecting any feedback and Iā€™m blown away by the overwhelming helpfulness. I did manage a fix to last a little while: Breathe-Right strips! Theyā€™re super sticky, flexible, and adhere really tightly to the bed material. Figured I would give it a try for lack of anything else to use last night and it worked! Iā€™ll be calling around to the local Restore, churches, and posting on my local buy nothing groups, etc today. Thank you all again so much, I am truly overwhelmed. +&#x200B; + +https://preview.redd.it/l1tjkk9wo5771.png?width=1600&format=png&auto=webp&s=5abe3b783fd4fa61df6cbc11a0557a31a0cfbace + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lyokpd9yo5771.png?width=680&format=png&auto=webp&s=d1812b5ea6620e57f30773eb56e7dfc9a2a114d4 + +And another ATH reverse repo + +&#x200B; + +https://preview.redd.it/p6v0g271p5771.png?width=1125&format=png&auto=webp&s=acb911692d2169955ed2c52bbbe68d49e72fa295 + +at this rate we'll see 1 trillion before end of week. + +&#x200B; + +https://preview.redd.it/5e0vvk65p5771.png?width=960&format=png&auto=webp&s=5c5509772562e25ae65f0c2ced12712686bdd70a + +The exponential floor by u/jth1 as he stated "Floor Guy's Log, Stonkdate 266. Still waiting to see a new pattern forming. Keeping on trucking" there was a theory on it being delayed another 18 days due to the ATM share offering but it's to early to make any statement or see a new pattern emerging. + +&#x200B; + +https://preview.redd.it/i8mdkxenp5771.png?width=452&format=png&auto=webp&s=4fe33f6a8be071ac74ebe048a233493b0848c615 + +# RC tweeted again + +this is from the episode "Behind the blow" + +just before this scene stan complains about it being another rerun, this can be in reference to the market doing the exact same thing now as we've seen before, the hedgies doing something again like usual or.... T+21 because his tweets are spaced 21 days apart. + +That spacing of 21 days is.. interesting but not conclusive of anything, but interesting nonetheless. + +&#x200B; + +https://preview.redd.it/f3hfgelts5771.png?width=640&format=png&auto=webp&s=9ddb78964420aad1e3c5d1f5a5c903f76e124b10 + +The water temple is hard as balls in OOT and a gamers test of patience, may be referring that, or the market being "under water" or could just be a coincidence for all we know. + +&#x200B; + +[credit to u\/bloodshot\_blinkers ](https://preview.redd.it/pwuekdn9u5771.png?width=640&format=png&auto=webp&s=a56c48e14b580dd94f5d2a668f5e24c3e9ab5d65) + +# 002 + +Today is the day! + +Today the 002 is going into effect, again... + +This wont mean it gets implemented this morning or the afternoon it could even be in the AH + +as Mac loves to say "today could be the best day in our lives, or just another regular day" + +&#x200B; + +https://preview.redd.it/2uc4tj0rq5771.png?width=960&format=png&auto=webp&s=f753ccc9014f69125676fdf1a15db3ce1167f44f + +# Margin Breach + +[https://www.dtcc.com/legal/policy-and-compliance](https://www.dtcc.com/legal/policy-and-compliance) + +Specifically, CPMI IOSCO Quantitative Disclosure Results 2021 Q1: + +[https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI\_IOSCO\_Quantitative\_Disclosure\_Results\_2021\_Q1\_1.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI_IOSCO_Quantitative_Disclosure_Results_2021_Q1_1.pdf) + +On page six, they have hte following statement about the NSCC margin breach: + +>National Securities Clearing Corporation (NSCC)At the end of the first quarter of 2021, NSCCā€™s 12-month backtesting coverage level was 99.7%, with the 1-month coverage ratio for January at 98.8%, 99.9% forFebruary, and 99.5% for March. The median backtesting deficiency for the quarter was $3.3 million, which included a maximum backtesting deficiency incurred onJanuary 22, 2021, for **$1.06 billion**. ***The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk*** + +**I just wonder what "single security" caused that risk šŸ¤”** + +Also what people should know there is a big difference between a "margin call" and a "margin breach", no one got margin called about GME up to now. + +&#x200B; + +[credit to u\/bloodshot\_blinkers](https://preview.redd.it/dzf7piuns5771.png?width=600&format=png&auto=webp&s=f16fddab9554fa9cae92a9186b49baab945d0fb0) + +# Citadel is not suing + +Yesterday u/broccaaa posted a thread [here](https://www.reddit.com/r/Superstonk/comments/o6cgkt/citadel_makes_formal_complaint_about_the_lucy/) (now deleted) + +there was a problem about lucy being sued or not, well lets add clarity to it + +&#x200B; + +https://preview.redd.it/chzv5ynwr5771.png?width=451&format=png&auto=webp&s=3f29c04d3555fcba8ec512dfe8901d21be4b32b1 + +they didn't sue her, u/broccaaa didn't mean to spread BS/fud but it was a unfortunate phrasing on his part, but the gist of it stays the same, he was right Citadel did complain, this means they are paying attention. + +&#x200B; + +https://preview.redd.it/ofqe638du5771.png?width=554&format=png&auto=webp&s=65d8785b622008c79c57c754a77d186f9f3d3ece + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/zrvionbfu5771.png?width=400&format=png&auto=webp&s=21d666ae30a661e8aaabb6ddb837e60a942b9f07 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: +Surprise! We're doing another #MonkeyBusiness panel discussion on #SuperstonkLive + +TODAY @ 5:00 p.m. EST + +Watch: [https://youtu.be/52JbzEuYb8A](https://youtu.be/52JbzEuYb8A) + +Today's session is hosted by u/sharkbaitlol with various apes as guests, including u/ButtFarm69 , u/broccaaa, and more! +&#x200B; + +https://preview.redd.it/l1tjkk9wo5771.png?width=1600&format=png&auto=webp&s=5abe3b783fd4fa61df6cbc11a0557a31a0cfbace + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/lyokpd9yo5771.png?width=680&format=png&auto=webp&s=d1812b5ea6620e57f30773eb56e7dfc9a2a114d4 + +And another ATH reverse repo + +&#x200B; + +https://preview.redd.it/p6v0g271p5771.png?width=1125&format=png&auto=webp&s=acb911692d2169955ed2c52bbbe68d49e72fa295 + +at this rate we'll see 1 trillion before end of week. + +&#x200B; + +https://preview.redd.it/5e0vvk65p5771.png?width=960&format=png&auto=webp&s=5c5509772562e25ae65f0c2ced12712686bdd70a + +The exponential floor by u/jth1 as he stated "Floor Guy's Log, Stonkdate 266. Still waiting to see a new pattern forming. Keeping on trucking" there was a theory on it being delayed another 18 days due to the ATM share offering but it's to early to make any statement or see a new pattern emerging. + +&#x200B; + +https://preview.redd.it/i8mdkxenp5771.png?width=452&format=png&auto=webp&s=4fe33f6a8be071ac74ebe048a233493b0848c615 + +# RC tweeted again + +this is from the episode "Behind the blow" + +just before this scene stan complains about it being another rerun, this can be in reference to the market doing the exact same thing now as we've seen before, the hedgies doing something again like usual or.... T+21 because his tweets are spaced 21 days apart. + +That spacing of 21 days is.. interesting but not conclusive of anything, but interesting nonetheless. + +&#x200B; + +https://preview.redd.it/f3hfgelts5771.png?width=640&format=png&auto=webp&s=9ddb78964420aad1e3c5d1f5a5c903f76e124b10 + +The water temple is hard as balls in OOT and a gamers test of patience, may be referring that, or the market being "under water" or could just be a coincidence for all we know. + +&#x200B; + +[credit to u\/bloodshot\_blinkers ](https://preview.redd.it/pwuekdn9u5771.png?width=640&format=png&auto=webp&s=a56c48e14b580dd94f5d2a668f5e24c3e9ab5d65) + +# 002 + +Today is the day! + +Today the 002 is going into effect, again... + +This wont mean it gets implemented this morning or the afternoon it could even be in the AH + +as Mac loves to say "today could be the best day in our lives, or just another regular day" + +&#x200B; + +https://preview.redd.it/2uc4tj0rq5771.png?width=960&format=png&auto=webp&s=f753ccc9014f69125676fdf1a15db3ce1167f44f + +# Margin Breach + +[https://www.dtcc.com/legal/policy-and-compliance](https://www.dtcc.com/legal/policy-and-compliance) + +Specifically, CPMI IOSCO Quantitative Disclosure Results 2021 Q1: + +[https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI\_IOSCO\_Quantitative\_Disclosure\_Results\_2021\_Q1\_1.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/CPMI_IOSCO_Quantitative_Disclosure_Results_2021_Q1_1.pdf) + +On page six, they have hte following statement about the NSCC margin breach: + +>National Securities Clearing Corporation (NSCC)At the end of the first quarter of 2021, NSCCā€™s 12-month backtesting coverage level was 99.7%, with the 1-month coverage ratio for January at 98.8%, 99.9% forFebruary, and 99.5% for March. The median backtesting deficiency for the quarter was $3.3 million, which included a maximum backtesting deficiency incurred onJanuary 22, 2021, for **$1.06 billion**. ***The largest deficiency incurred during the quarter was mainly driven by a single security exhibiting idiosyncratic risk*** + +**I just wonder what "single security" caused that risk šŸ¤”** + +Also what people should know there is a big difference between a "margin call" and a "margin breach", no one got margin called about GME up to now. + +&#x200B; + +[credit to u\/bloodshot\_blinkers](https://preview.redd.it/dzf7piuns5771.png?width=600&format=png&auto=webp&s=f16fddab9554fa9cae92a9186b49baab945d0fb0) + +# Citadel is not suing + +Yesterday u/broccaaa posted a thread [here](https://www.reddit.com/r/Superstonk/comments/o6cgkt/citadel_makes_formal_complaint_about_the_lucy/) (now deleted) + +there was a problem about lucy being sued or not, well lets add clarity to it + +&#x200B; + +https://preview.redd.it/chzv5ynwr5771.png?width=451&format=png&auto=webp&s=3f29c04d3555fcba8ec512dfe8901d21be4b32b1 + +they didn't sue her, u/broccaaa didn't mean to spread BS/fud but it was a unfortunate phrasing on his part, but the gist of it stays the same, he was right Citadel did complain, this means they are paying attention. + +&#x200B; + +https://preview.redd.it/ofqe638du5771.png?width=554&format=png&auto=webp&s=65d8785b622008c79c57c754a77d186f9f3d3ece + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/zrvionbfu5771.png?width=400&format=png&auto=webp&s=21d666ae30a661e8aaabb6ddb837e60a942b9f07 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: +Surprise! We're doing another #MonkeyBusiness panel discussion on #SuperstonkLive + +TODAY @ 5:00 p.m. EST + +Watch: [https://youtu.be/52JbzEuYb8A](https://youtu.be/52JbzEuYb8A) + +Today's session is hosted by u/sharkbaitlol with various apes as guests, including u/ButtFarm69 , u/broccaaa, and more! +https://www.barrons.com/articles/shanghai-disneyland-tickets-sold-out-in-minutes-disney-stock-is-rising-51588949428 + +"Walt Disney stock jumped Friday morning after the company announced that Disney Springsā€”an outdoor shopping, dining, and entertainment complex outside of Disney World Resort in Orlando, Fla.ā€”will begin a phased reopening starting on May 20. The rest of the Disney World Resort, including theme parks and resort hotels, will remain closed, the company said. + +The announcement came as the companyā€™s theme park in Chinaā€”Shanghai Disneylandā€”is busy preparing for a reopening on May 11 after a four-month shutdown. Tickets for the reopeningā€”although with limited capacity under government regulationsā€”sold out in minutes after bookings started Friday 8 a.m. local time, a sign that Chinese consumers are ready to pull out their wallets for the entertainment giant as the nation recovers from the coronavirus pandemic." +I bought my first triplex last year, and itā€™s fairly old (1881), so there were definitely things to go wrong and I thought I budgeted accordingly. Worst case there was a $1,200 delta between my PITI and my rent roll which I figured should suffice for any maintenance needs, and I had a $20k emergency fund. + +Then I bought, and things started to get bad. In the last year Iā€™ve had: + + +A hot water tank burn out + + +$2k of damage from a burst pipe + + +$5k of foundation work + + +$5k worth of damages from a tenant plus 2 months of vacancy + + +$3k of lawyer bills from the same tenant + + +$2k worth of exterminator work + + +In addition to all the standard maintenance, and my property taxes going up by 30% + +I also have on the horizon: + + +Another hot water tank thatā€™s on the fritz + + +$8k worth of electrical work + + +$10k more of foundation work + + +Iā€™m not here to complain-Iā€™m thankful to own the place, Iā€™ve built up a sizable amount of equity, and I still have a decent amount of cash in an emergency fund. And since that one tenant left my tenant problems are near 0. But it would be great to get some guidance on what seems to be like a never ending stream of expenses. Iā€™m getting to the point where my emergency fund is below what I find comfortable, and Iā€™m already financing more items than I wanted to. + +Is this normal early on? The last landlord was terrible so I was expecting plenty of deferred maintenance, but this is just ridiculous and I never expected to be this far off the mark. Iā€™ve really only had two months in the last 12 where I was cash flow positive. + +Iā€™m young (24) and a little inexperienced, so definitely recognize the learning curve. But Iā€™m trying to not get overwhelmed +Curious as to what (if any) alternative assets you hold in your portfolio and why? + +My largest allocation is in fine art, with a focus on Post-War and Contemporary paintings that have secondary sales history. +Excuse me if this post isnā€™t a good fit for this sub. Throwaway account as Iā€™m quite active on r/fatFIRE on my regular account. + +This isnā€™t necessarily about fatFIREing, rather an issue that I and many others who are high-earners and aspire to fatFIRE share. + +The last 10 years of my career have been my highest earning by far. I went from 130k to 500-650k/year, and my NW is about $3M. Iā€™m 41, and a low-level Exec in a giant IT company. During this entire time Iā€™ve been addicted to pot. + +Not a little pot. A lot of it. I smoke daily after work, or vape if Iā€™m going to work or social event after work hours. I used to not smoke during the day but I do now. I was high during the interviews to get this Exec role. Iā€™ve been high when Iā€™ve made mistakes at work and home. Although the mistakes Iā€™ve made while drunk on business trips are very cringey, nothing catastrophic has happened as a result of my drinking (yet). Thatā€™s a different issue though that Iā€™m addressing and have made significant progress this last 6 months, but I acknowledge itā€™s still an issue and part of my overall problem with substance dependency. + +We have no kids at home and my partner also smokes on the weekends, I picked up the habit when we got together but havenā€™t been as successful at cutting back. + +All my current issues are a result of the drug use, and at the same time, I started and continue the drug use as a result of my psychological issues. Iā€™ve spent years in psychotherapy, which fixes my marriage but I havenā€™t tackled the weed issue yet. + +Why am I posting on this sub? A lot of high-performing, type-A execs share this problem. Our predisposed addiction to work often means we are predisposed to other extreme tendencies. Many of my peers are addicted to alcohol which in some ways is more socially acceptable but the consequences of drunken benders tend to be much more.... spectacular than say, overdoing the vape pen at a conference. + +The other reason I post this is to hold myself accountable to my FatFIRE goals. I can achieve everything I want and more if I can get this problem under control. If I spent a fraction of my high-time reading, exercising, learning more about my industry and competitors or just doing email, I would be significantly less stressed out than I am now, wasting hours of my day being stoned or tired. + +Wish me luck in 2020. Thank you, fatFIREers for your brilliance humor that you bring to this sub. All the best to you in the new year! + +TL;DR: Picked up a drug addiction while FatFIRING, hoping to overcome it in 2020. If youā€™re in this position, please feel free to DM. + +Edit: removed some text that could link me to my main Acct. +Fuck you this is not a shitpost + +Let's get the guy in here. He routes almost 50% of all retail trades, we have questions regarding the routing of 90-95% of all retail trades. He runs a business most if not all of us have done business with whether we know it or not. Let's get him in here to answer some questions about how market-making works. + +Pretty sure they're inventing the new iteration of darkpools too so we should get some info on that if all of our trades will go through it. Seriously, let's campaign to have him come chat here. I'm sure we're all capable of adhering to the highest standard of respect and decorum, I have no doubt we'd give him a big welcome. + +&#x200B; + +Edit: Thank you all for the engagement, the discussions, the controversy (got into some BS club or something idk how reddit works), and the awards. Tried catching up on them but a couple didn't give me an option to say thanks so please accept this edit as my appreciation. And have a great rest of your day apes +I'm aware that the empirical evidence suggests raising the minimum wage does not lead to a wage-price spiral. But what about other wage increases? The wage-price spiral is often invoked to claim that (for example) rail workers going on strike for higher pay in line with the cost of living will just lead rail companies to put up their prices. How true is this? + + +Another thing is that I don't really understand the monetarist view of inflation. As I see it (and this could be simplistic), inflation is a problem in that it limits people's ability to buy goods and services - so how is trying to tackle inflation by reducing demand (contracting money supply, raising interest rates) actually beneficial if the underlying problem (people can consume fewer goods and services) is not actually fixed? + + +Finally, I'm not quite sure how raising interest rates reduces inflation. I get that it makes saving more attractive and reduces demand for loans of money, reducing house prices for example. But how can it reduce the price of other things e.g. groceries? +As the title states, my father has used my identity to take out over $400,000 in loans, as well as, maxing out 2 credit cards. I found out a couple weeks ago after receiving calls from a collection agencie and doing a bit of investigation into my credit. I filed a police report today. My girlfriend has just received a job offer at a hospital in another state and we were looking at moving. Now I fear we won't be able to buy a house, because she has no credit and mine has been destroyed. I'm panicking now and don't know what else I can or should do. I know it was my father because we have never had a good relationship, and he was released from prison around the time all of these loans and credit cards were opened. +You put it on the front page and everybody will get rainbow dicks. + +For those of you that don't know, rainbow dicks summon the gains, just in time for Christmas. Imagine rolling into Zaxby's with tens of dollars because you voted for this post and unleashed the only edge this sub has. The rainbow dicks were what put us on the map with Fortune, WSJ, and all the big investment banks. Do what's right. + +Edit: You beautiful bastards. We conquered Reddit on a Sunday night. All we wanted to do was get the rainbow dicks back, but instead we made Reddit great again. + +> Hey /u/ITradeBaconFutures , +> This is now the top post on reddit. It will be recorded at /r/topofreddit with all the other top posts. +I am 21 years old and I live in India. I am fairly new to real estate investing. In India, the condition of real estate is slightly different. The builders are selling homes for almost 10 times the price they bought it for. So no one is really interested in buying these houses. There is a very slow depreciation of prices of homes since many years. The correction of these prices were ongoing but covid-19 stopped that from happening. So there is a very less demand of real estate while the inventory is quite a lot. On the other hand, the interest on home loans here is 8-12% which is almost tripple than other western countries. So strategies like brrrr dont really work here. One can use appreciations for gaining profit but that too is not guaranteed which is suggested by the previous trends. I am currently an engineer and my job is quite high paying. So I basically wanted to know how can I go about with real estate investing in India or any other alternatives if you can suggest. +I'm thinking about selling my house and using the profit ($60,000ish) to buy 2 houses so I can move into one and rent out the other one. + +My coworker said "so you're just going to put yourself in more debt and not be able to pay either off?" + +Wouldn't this be considered "good debt"? +It's not something people around me talk much about so I'd love to hear how other people approach wishing wells at weddings. Do you calculate based on other wedding costs (flights, accom), relationship to the couple, or any other factors? What is your typical amount? + + +Rent is increasing 10, 20, even 50% in some places. Is this sustainable? I make decent money for a single male with no kids, but I will be paying close to 50% of my take home income on Rent. Not mortgage but Rent. Additionally, I'm being taxed 25% of my gross pay for taxes, so essentially my tax bill is more than my housing expense. (18,500) annually in taxes. (18,100) annually for rent. I feel like I'm being sneezed with no end in sight. I feel like this economy is letting me down. I'm no economist and I don't study economics but does anyone else believe this isn't going to end well with the current inflation prices we are paying? Are we heading into a recession and should I prepare for a major economic event that will hurt average wage citizens? I feel like current prices are out of control and after a while no one will be able to afford anything, not even groceries. I feel like ppl will have to lower their standard of living soon and there will be mass relocation and room mate situations for people to survive. +Help me understand. + +I just read this [article](https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries) and as someone who works in Global Health it kind of turned my world on it's axis and I want to explore this finding more. If it's even slightly true why isn't it more universally known? Why aren't developing nations going against their donors and installing protectionism and isolationism? + +Where can I find more about this finding and its implications for development and health? +Hi, + + +I have a question about an argument that is used against trickle down economics. One of the largest arguments is that the rich tend to save more money when given a tax cut/break, and that they tend to save this money away and don't spend it (proportionally) as much as the middle class or the poor. However, if they are saving it - putting it in the bank....isn't this money then reinvested into the general economy in the form of capital investment, loans for projects, etc? + + +What am I missing here? Is it that a certain amount doesn't make it back into the general economy despite reinvestment? Or is it because most of the "savings" aren't in the bank, but rather in secondary market certificates such as stocks? Even then, wouldn't the purchase of stock on the secondary market by the rich constitute a flow of money to another hand? + + +Or is the argument that when the rich save (invest), these investments only change hand between the wealthy? +Alternatively, do the rich hold more savings that are "under the mattress" such as cash, gold, jewelry, etc (although for gold and jewelry, cash also changes hands). + + +Thank you so much for any valuable insight you may have! +Let me preface this; I am well aware that Crypto is basically gambling, but there still has to be SOME kind of evaluative process to gauging viability of certain coins. Right? + +I have a guy a work who 'researches' alot about crypto, always telling me about coins coming out and interesting things going on with crypto. Man is an idiot for the most part, but has seemingly predicted several coins that have at least 4Ɨ their value months before it happened. He is a gambling addict, so I take little stock in what he says; but it got me wondering how or if there actually is some way of evaluating crypto or is it basically dumb luck? +https://www.google.com/amp/s/www.cbc.ca/amp/1.5473370 + +What do you all make of this? + +Furthermore, do you think is bullish for current producers (such as Suncor) due to less competition for pipeline access or bearish as it shows sector weakness? +I'd love to hear peoples top tips + + +I'm going to be living in my skiing base layers. A long sleeve merino wool top and bottoms will provide comfort and warmth, you can wear them almost all the time and the breathability means you don't sweat as much. They also stay remarkably clean, it sounds gross but I can wear the same base layers for a week of skiing before they need a wash, so you can save on washing too. +It usually doesn't bother me, but today I've seen far too many comments or posts talking about buying and holding $TQQQ with the intent of keeping it long term. It is not meant to be held long term. It is a tool for day traders and (at most) swing traders. The losses and gains that are listed on brokerages are not what you would've made by holding it over that period of time because of the way it is rebalanced in order to maintain proper leverage every day. + + +It is not a "get rich quick" scheme to just multiply the gains of $QQQ. If that were its intent, why would ProShares have an inverse, $SQQQ? A get poor quick scheme? It exists as part of a set of tools for traders. Both of them do. + + +I'll let [ProShares](https://www.proshares.com/funds/tqqq.html) themselves explain: + +>This leveraged ProShares ETF seeks a return that is 3x the return of its underlying benchmark (target) ***for a single day***, as measured from one NAV calculation to the next. Due to the [compounding](https://www.proshares.com/funds/performance/the_universal_effects_of_compounding.html) of daily returns, holding periods of greater than one day can result in returns that are significantly different than the target return and ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings as frequently as daily. + +Here is the [prospectus](https://www.proshares.com/funds/prospectus.html?ticker=TQQQ) for further reading if you want. + + +Thank you for taking the time to read this PSA. Hope it saves people some money. +(Source: I work for a bank but I don't share identifiable information such as where I work) + +I think the main reason people want to close their CC accounts after paying it off is that they don't want to feel tempted to spend again once it's paid off. + +However, for people worried about this, your bank may actually allow you to close the account while you pay off the balance, essentially turning the account into more like a personal loan instead of a revolving line of credit. + +The bank I work for does this, all customers are required to do is call the bank and ask for the account to closed. All cards are permanently cancelled and access to the account can't be restored. If the customer wants access to a credit card again they would have to apply for a new Credit Card with a fresh credit assessment. + +Once it's closed, the customer continues to receive the monthly statements until the balance reaches zero, after which statements stop and a finalisation letter is sent. + +Doing this can help if you feel particularly worried about the temptation to spend credit again once it becomes available, which is one of the biggest obstacles some people face with credit cards and one of the reasons why they've been so lucrative for banks in the past. + +**One final point:** Banks in Australia consider credit card closures a sign that you may be applying for a Home Loan with another bank. This is because many banks make it a condition that a customer closes their credit card accounts before a mortgage can be approved. + +If you get asked why you're closing your credit card, be very up front that you are doing so because you *want to get out of debt and not take on any more debt.* If you're vague about your answer, you might find yourself getting transferred to "someone who can help you with that" only to talk to a home loan salesperson. + +------- + +Edit: Just in case it wasn't completely clear in the post, you would have to ask your bank if they allow the account to closed with a remaining balance. + +Also important to realise that all the same rules still apply to making payments each month. You have to continue paying your monthly bills on time within the billing period or you will face the same penalties and fees that you would if the account were open. You will also continue to get charged interest as normal. + +Edit2: On the chance that your bank doesn't do this, an alternative option is to request a Credit Limit Reduction as you pay down the debt. This option is a bit more involved and you may find that you can only reduce your credit limit in $1,000 increments, so for example if you have a $15k credit limit with a $9.5k balance, you may only be able to decrease your limit to $10k until you pay off more debt. Bit more of an inconvenient option to have to do this every few months or so, but one to consider if you're really concerned about your spending habits. +I've seen a lot of people mention Coinbase (COIN) as a value stock lately. It currently sits at a PE ratio of 10.58. Furthermore, it has a strong balance sheet, with net cash of around 10% of its market cap. + +So is Coinbase a value stock? + +My answer is no. The biggest issue is that the PE of 10 represents a trailing PE, not a forward PE. Coinbase had windfall profits in 2021. But future projections are much lower. 2022 consensus estimates call for Coinbase to have $5.61 in earnings in 2022. That gives it a forward PE of around 27, far outside what most people would consider "value" territory. + +Another concern from a value standpoint is dilution. Shares outstanding are creeping up at a rate of about 8% annually. Given that the S&P returns an average of about 10% annually, this level of dilution is not conducive to shareholder returns. + +So Coinbase isn't a value stock. Is it still a good investment? I think it depends. + +From a growth standpoint, I think Coinbase will struggle due to increased competition. I round-tripped Ethereum last year and I used Coinbase because that's what I was used to. I paid a few *thousand* in fees to Coinbase. I vowed to never again use their platform which, while convenient, is far too expensive for serious investors. Many brokerages are now offering crypto solutions, and crypto.com is making a huge push as well with a Super Bowl ad and buying naming rights to Staples Center. Coinbase is no longer the only game in town and will have to compete on price. + +That said, a lot of people have money tied up in Coinbase and will have to pay their exorbitant fees to exit. I recently gave them some more money when I closed out the last of my positions. And if we have another crypto frenzy, all bets are off, since people with dollar signs in their eyes will ignore those hundred dollar transaction fees. + +Disclosure: I am currently short Coinbase, but I will likely be exiting my short position this Friday. I rate the stock as a sell at these levels, but no longer a strong sell. Its stock price remains heavily dependent on the price of crypto and as we know, anything can happen there. + +Did you enjoy this writeup? Hate it? Let me know what you think and also if there are any other stocks you'd like me to look at. + +EDIT: +---------------------- +I'm a little disappointed with the downvotes. This is an effort post that you may or may not agree with, but it took time to write and research. I'm wondering whether its worth it to post here or whether it's just a place to cheerlead for your portfolio. I'm new on /r/valueinvesting, just wondering what to expect. +Has anyone tried the magic formula on Joel Greenblatts the little book that beats the market? Is it really that simple? I know everything money on YouTube tried to fund $150k worth and was up 60% in 1 year. +Can someone explain how they do their own DD? + +For example: +- Templates +- checklist +- Research tools +- What are you looking for specifically +- How to know when your done +- Etc. + + +*Welcome back and it feels good to be writing up posts again. I was asked to write up the recent relation between ETF's and the GME dip's we've been witnessing in the last several trading days.* ***I have included a TLDR for the crayon eating apes with an attention span of a 2-month-old dog. Also due to wsb guidelines, i am unable to mention these etf tickers due to their market cap. Please bear with me (not the šŸ»šŸŒˆ)*** + +Anyone questions? Feel free to DM and I'll respond in 10-15 working days (jk) + +Hedge Funds covering up $GME shorts through ETF cloaking + +*I would like to present a few common terminologies before starting this post which may aid in helping you apes comprehend this more clearly.* + +**Exchange-Traded Funds (ETF)-** An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity, or another asset, but which can be purchased or sold on a stock exchange the same as a regular stock. An ETF can be structured to track anything from the price of an individual commodity to a large and diverse collection of securities. ETFs can even be structured to track specific investment strategies. You can consider them as a hybrid of mutual funds. + +**Short Selling-** Short selling is the process of selling shares that you don't own, but have instead borrowed, likely from a brokerage. Most people short sell shares for two reasons: + +1. They expect the share price to decline. Short-sellers hope to sell shares at a high price today and use the proceeds to buy back the borrowed shares at a lower price sometime in the future in a bid to profit. +2. They want to hedge or offset a position held in another security. For example, if you have sold a [put option](https://www.investopedia.com/terms/p/put.asp), an offsetting position would be to short sell the underlying security. + +**Authorized Participants -** An authorized participant is an organization that has the right to create and redeem shares of an exchange-traded fund (ETF). They provide a large portion of the liquidity in the ETF market by obtaining the underlying assets required to create the shares of an ETF. When there is a shortage of ETF shares in the market, authorized participants create more. Likewise, as ETF borrow costs increase, APs are less likely to borrow shares to hedge their position, and more likely to fail-to-deliver. + +In a typical transaction, the borrower of a stock posts collateral of 102% to 105% of the shares' value in cash, government securities or a bank letter of credit. If the ETF needs to sell the stock, it can recall it from the borrower. But if the borrower for any reason isn't able to deliver the shares, the ETF is repaid through the collateral instead, although that can have adverse tax consequences for the ETF. + +**$GME relationship: Let's look at the past trend of an ETF with GME** + +Now I'm not claiming today's red day was entirely due to etf's being shorted or their shares being lent out, but there is significant evidence that leads me to believe this may be one of the key factors. + +&#x200B; + +[Notice how the assets plummet suddenly after the first short squeeze?](https://preview.redd.it/ge6epulq4bn61.png?width=688&format=png&auto=webp&s=2b84a08585e0d2b57f4cab485d2ae0b466c42605) + +&#x200B; + +*By law, a fund can have no more than one-third of its total assets in securities on loan. Few ETFs or other funds ever reach that ceiling, and ETFs are considered to be more conservative lenders than other funds. Market makers are continually creating new ETF shares (by presenting the fund with a basket of securities represented in the ETF) and redeeming others (and getting the underlying securities in return), so the number of ETF shares outstanding fluctuates. Because the supply isn't fixed, there really is no impact on performance when an ETF is net short, industry participants say. The prices of ETF shares typically stay very close to the value of the underlying holdings.* + +***ETF shares borrowed today saw significant lending. Suspicious, isn't it?*** + +Credit to [u/hkzor](https://www.reddit.com/u/hkzor/) for providing these images: + +&#x200B; + +&#x200B; + +[ETF 1: 6.5M available last week to 4M today](https://preview.redd.it/0vkjixsk4bn61.png?width=387&format=png&auto=webp&s=4160a26d935c7e32ceb0947872a9be36b42417b1) + +&#x200B; + +&#x200B; + +[ETF 2: 1.3M available last week to 850k today](https://preview.redd.it/upqsjgpl4bn61.png?width=388&format=png&auto=webp&s=7c94b5ed3dd2b2426dacbcd5a9564bd226dc48e8) + +&#x200B; + +&#x200B; + +[ETF 3: 900k last week to 500k today](https://preview.redd.it/fxca18jm4bn61.png?width=434&format=png&auto=webp&s=9052e6bba2197671977783472dde2f9e14388f9f) + +Just taking into account **Three** ETF lendings, **you could see 3.35 Million shares were borrowed in today's trading session.** + +Short Sellers effectively manipulate pricing by borrowing shares in a company in order to sell them with downward pressure, coupling it with High-Frequency Machines being used, the price of a security can significantly drop in a rapid succession as we've been witnessing for the past few trading days. + +**The HF's have most likely synthetically shorted GME via ETF's to drive its price down since then**. They can also legally disguise their short position via synthetic longs, and there's concrete evidence that they have done this on the various articles posted before. + +**When coupled with synthetic longs via options, gives the appearance of shorts covering when they haven't, takes GME off the threshold security list when it shouldn't be**, and provides the ability to naked short GME again. This was the missing piece of how GME could actually be shorted without appearing so. This solves the NYSE threshold securities issue and the ability to drive GME down outside of buying a put. + +**Ultimately they have to cover these shorts sometime or another, if the ETF's recall their shares back that would mean an absolute fuckery of melvin and citadel, given they are still paying massive SI without the numbers actually showing up the threshold index**. + +The Link Between Failure to Delivers and ETF's + +ETF's are a growing force in financial markets and constitute almost 25% of US equity trading volume, therefore please keep in mind that not all shares shorted with specific ETF's are directly linked to GME. The one's I used as evidence is either because $GME is a major part of their portfolio or the ETF is retail orientated. + +**Failure To Deliver -** A condition where two investors agree to the purchase/sale of a security at a given price but the seller fails to deliver the security in a timely manner. + +&#x200B; + +[The daily volume of Failure to deliver traded in the past](https://preview.redd.it/h7263a5f4bn61.png?width=588&format=png&auto=webp&s=f7576c75223e5ddf8959093fafaea48d12586046) + +&#x200B; + +[ETF's being shorted in the past](https://preview.redd.it/kw9k81jg4bn61.png?width=801&format=png&auto=webp&s=976a2e44cdd6327ed13ee81021e913ae02c6ad0f) + +&#x200B; + +Comparing both charts depict how the recent increase in Failure to deliver has had a direct correlation with ETF volume being shorted. Point being? The finance industry has used ETF's as a way of covering up their Failure to deliver's way before $GME. + +**Authorized Participant Arbitrage Option: Operational Shorting** + +When faced with "excessive buying" pressure as we have witnessed with $GME, Authorized Participants and Market may sell shares as "Naked" and then locate or create the shares at a later time (up to T+6 for bona fide market making). However, delaying past T+3 results in a failure to deliver **but AP/Market Makers are allowed to fail past T+3 because they are "making markets" and have an additional three days to settle trades (a total of T+6). This choice of shorting can also lock in a profit if options are used to hedge their exposure but with less capital outlay.** I won't go too in-depth about options hedging in this post because I want to keep the topic on the point of ETF's. However, I see a lot of misconception regarding calls and delta hedging which leads to misinformation being spread. + +**TLDR** + +**Do NOT WORRY about the price decreasing, this is all synthetically created to kick down the eventual outcome down the road through lending ETF shares and recent data proves that**. **Over 3.5 million shares were lent out through etf's yesterday and their failure to deliver's are accumulating each and every day. It's like maxing your credit card to pay off the debt on your other credit card. Does it solve the issue? No. It only delays it and makes it worse. Secondly, there is no volume to back up the current dip and just goes on to show you how this is all synthetically created to spread FUD. People who cheer for GME being put on the Shortlist need to realise that has no significant impact as hedge funds have other ways or artificially decreasing the price.** + +**Can't stop, won't stop. Gamestop.šŸ™ŒšŸ’Ž** + +As always, + +Lambos or Instant NoodlesšŸš€šŸš— +I say when GME hits like 800-900 we increase karma requirements so there is no influx of bots and shills who are trying to tell everyone its the peak. + +If the mods see this I suggest that they make a FAQ thread for serious inquiries and newcomers so that the sub doesnā€™t go tits up. + +Thank you and šŸš€šŸš€. + +Edit: comment and post cool downs wouldnā€™t kill either! +(Im also only referring to posts and comments, anyone can join sorry i should have clarified) + +Edit 2: Since a lot of lurkers and vets kinda get punished by this suggestion despite doing nothing, maybe If possible new members get really really hiked karma requirements meanwhile vets get much lower requirements, up to the mods tbh. + +And worst comes to worst, mods can just filter every-post before its sent but that could be a lot of work and may result in mods being called sellouts for not approving every post or missing like a really important DD or event due to them having to filter 180k apes at a time. Everyone will be in here when it starts and that could be hell for mods! +Basically I have a company stock plan with $65k worth of stock and stock options vested (mine to sell or do whatever I please with). + +A financial advisor from the company where that stock plan is held reached out and told me I could use that stock to open a managed portfolio where a financial advisor sells off my stock, then re-invests it and diversifies/manages the funds. + +I donā€™t know much about investing and frankly find it terrifying, so having a professional manage my portfolio sounds great. My companyā€™s stock has been pretty steady the past couple years so Iā€™m thinking Iā€™m not making any money just holding onto it. But Iā€™m mainly worried about that big sell-off taxable event. + +Letā€™s say I make $100k income, then sell the $65k worth of stock on top of that. Some of it short-term capital gains, some long-term. + +Anyone know if Iā€™d be super screwed at tax time and owe a crazy amount, just as a general estimation? Iā€™m terrible with this kind of stuff. Live in the US. Thank you for any help. +>Tesla delivered a record 112,000 vehicles globally during the fourth quarter, significantly topping Wall Street estimates and achieving an ambitious year-end sales goal of CEO Elon Musk. + + +>Wall Street expected Tesla to deliver 106,000 vehicles to customers during the fourth quarter, which would have just met the companyā€™s annual delivery goal of between 360,000 and 400,000 vehicles, a 45% to 65% increase from 2018. + + +[CNBC](https://www.cnbc.com/2020/01/03/tesla-tsla-4q-2019-production-and-delivery-numbers.html) + +[TSLA share price](https://finance.yahoo.com/quote/TSLA?p=TSLA&.tsrc=fin-srch) +So is anyone making money at this Algo trading? Why is it all I get for adverts are people trying to get me to buy "their system". If they are making so much why try an sell the snake oil? +When I was a soldier, I was also a linguist /interrogator. I was attached to many groups, and always listening to radio communications as we approached our objective. I remember the distinctive tingling I would get in my fingers and toes when their communications started getting fucked with, as it meant it was almost time for action. + +This is not a new tactic, but was employed by biblical armies and written about by sun tzu. Disrupting communication is the precursor to any battle. Whether you are destroying bridges and killing messengers, jamming radio, or prohibiting free discussion and sharing of information. + +Apes, my fingers and toes are once again tingling, and my tits are jacking like a Venice Beach hooker. Shills have successfully spread disinformation and used divisive language to disrupt free exchange of ideas and info using Reddit admin itself. That means the shit is about to hit the fan!! + +We apes are excellent at looking for prognosticating symbols, and this is no exception. The less they want us to communicate, the closer we are to the squozening! + +Edit: seriously with the reporting of this post? +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. + +*** + +To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! +source: [https://twitter.com/BaFin\_Bund/status/1556561133514985473?t=4y\_fonxP6e8zgCX2aOT0AA&s=19](https://twitter.com/BaFin_Bund/status/1556561133514985473?t=4y_fonxP6e8zgCX2aOT0AA&s=19) + +&#x200B; + +FĆ¼r die Belieferung der jungen Aktien ist ā€“ ob Aktiensplit oder Stockdividende ā€“ die tatsƤchliche Einbuchung bei der jeweiligen Lagerstelle erforderlich. AuslƤndische Lagerstellen haben deutschen depotfĆ¼hrenden Banken bestƤtigt, dass die Aktien aus der KapitalmaƟnahme eingeliefert wurden. Auch bei einem Aktiensplit kann die depotfĆ¼hrende Bank nicht kĆ¼nstlich den Bestand vermehren. Die depotfĆ¼hrende Bank in Deutschland wartet die Einbuchungsanzeige ihrer Lagerstelle ab und bucht die Aktien dann in die Kundendepots. Die BaFin kann nur den deutschen Markt und die Dienstleister in Deutschland beaufsichtigen. Auf ausschlieƟlich in den USA stattfindende GeschƤftsvorfƤlle kann die BaFin keinen Einfluss nehmen. Wie in unserer Meldung erwƤhnt, kann b. einigen depotfĆ¼hrenden Banken eine rein technische Aus- und Wiedereinbuchung der jungen Aktien erforderlich sein, weil ein Datenprovider die KapitalmaƟnahme kurzfristig als Stockdividende und dann wieder als Aktiensplit behandelt hat. Die dafĆ¼r erforderliche Neuabrechnung dĆ¼rfte in wenigen Tagen umgesetzt sein, kann aber auch in mehrtƤgigeren Schritten erfolgen. FĆ¼r konkrete Fragen ist Ihre Bank der direkte Ansprechpartner. + +&#x200B; + +[DeepL.com](https://DeepL.com) translation: + +For the delivery of the new shares - whether stock split or stock dividend - the actual posting at the respective depository is required. Foreign depositories have confirmed to German custodian banks that the shares from the corporate action have been deposited. Even in the event of a stock split, the depositary bank cannot artificially increase the stock. The custodian bank in Germany waits for the posting notification from its depository bank and then posts the shares to the customer securities accounts. BaFin can only supervise the German market and service providers in Germany. BaFin cannot influence business transactions that take place exclusively in the United States. As mentioned in our announcement, b. some custodian banks may require a purely technical derecognition and rebooking of the new shares because a data provider treated the corporate action as a stock dividend for a short period of time and then again as a stock split. The rebooking required for this should be implemented in a few days, but may also take place in steps lasting several days. For specific questions, your bank is the direct contact. + +&#x200B; + +Translated with [www.DeepL.com/Translator](https://www.DeepL.com/Translator) (free version) +Iā€™m just curious why it seems people prefer Realty Income. Thank you. + +Thanks for this guys seriously! I know it was a pretty dumb question but Iā€™m 17 so Iā€™ll delve more into it when Iā€™m done with school! Thanks!! +https://www.bloomberg.com/news/articles/2019-06-28/boeing-s-737-max-software-outsourced-to-9-an-hour-engineers + +> Longtime Boeing engineers say the effort was complicated by a push to outsource work to lower-paid contractors. + +> The Max software -- plagued by issues that could keep the planes grounded months longer after U.S. regulators this week revealed a new flaw -- was developed at a time Boeing was laying off experienced engineers and pressing suppliers to cut costs. + +> Increasingly, the iconic American planemaker and its subcontractors have relied on temporary workers making as little as $9 an hour to develop and test software, often from countries lacking a deep background in aerospace -- notably India. + +> Boeing said the company did not rely on engineers from HCL and Cyient for the Maneuvering Characteristics Augmentation System, which has been linked to the Lion Air crash last October and the Ethiopian Airlines disaster in March. The Chicago-based planemaker also said it didnā€™t rely on either firm for another software issue disclosed after the crashes: a cockpit warning light that wasnā€™t working for most buyers. + +> Engineers who worked on the Max, which Boeing began developing eight years ago to match a rival Airbus SE plane, have complained of pressure from managers to limit changes that might introduce extra time or cost. + +> ā€œBoeing was doing all kinds of things, everything you can imagine, to reduce cost, including moving work from Puget Sound, because weā€™d become very expensive here,ā€ said Rick Ludtke, a former Boeing flight controls engineer laid off in 2017. ā€œAll thatā€™s very understandable if you think of it from a business perspective. Slowly over time it appears thatā€™s eroded the ability for Puget Sound designers to design.ā€ + +> Rabin, the former software engineer, recalled one manager saying at an all-hands meeting that **Boeing didnā€™t need senior engineers because its products were mature.** ā€œI was shocked that in a room full of a couple hundred mostly senior engineers we were being told that we werenā€™t needed,ā€ said Rabin, who was laid off in 2015. + +> Starting with the 787 Dreamliner, launched in 2004, it sought to increase profits by instead providing high-level specifications and then asking suppliers to design more parts themselves. The thinking was ā€œtheyā€™re the experts, you see, and they will take care of all of this stuff for us,ā€ said Frank McCormick, a former Boeing flight-controls software engineer who later worked as a consultant to regulators and manufacturers. ā€œThis was just nonsense.ā€ + +> Boeing has also expanded a design center in Moscow. **At a meeting with a chief 787 engineer in 2008, one staffer complained about sending drawings back to a team in Russia 18 times before they understood that the smoke detectors needed to be connected to the electrical system**, said Cynthia Cole, a former Boeing engineer who headed the engineersā€™ union from 2006 to 2010. + +> U.S.-based avionics companies in particular moved aggressively, shifting more than 30% of their software engineering offshore versus 10% for European-based firms in recent years, said Hilderman, an avionics safety consultant with three decades of experience whose recent clients include most of the major Boeing suppliers. + +> With a strong dollar, a big part of the attraction was price. Engineers in India made around $5 an hour; itā€™s now $9 or $10, compared with $35 to $40 for those in the U.S. on an H1B visa, he said. But heā€™d tell clients the cheaper hourly wage equated to more like $80 because of the need for supervision, and he said his firm won back some business to fix mistakes. +This post is particularly for those who have little to no idea about Market Cap. + +People new to crypto often fall prey to the shillers offering millions of tokens at just $10 or so. The boom of dogecoin and it's peers have just added fuel to the sale of memecoins which are often scams or rugpulls. Even if they aren't, that doesn't mean it's a good investment. + +The value and room for growth of any Cryptocurrency is determined by it's Marketcap. The market cap of a token is calculated by multiplying the value of one coin into the total supply of the coin. + +If a coin has the value of $0.0001 a piece and the market cap of $100 billion and you buy a million tokens thinking it'll make you a millionaire someday, you are WRONG! +This token will NEVER go to $1. For it to reach $1 the market cap of the crypto would have to be $1 Quadrillion Which is IMPOSSIBLE! Even Bitcoin, the OG, doesn't have that marketcap. + +That being said, while checking the marketcap is important,if the token is deflationary you should check the minimum supply it will have in the future and then calculate it's highest possible growth. + +If there is something I need to add or correct, please comment it. + +Edit: Market capitalisation is obviously not the only criteria which can help us determine how much a coin's value can grow, but it is a good place to start. There are plenty other things such as total supply and max supply of tokens, fully diluted market cap, volume etc. +One should always read the token's whitepaper to find all the details, check social media handles of the dev team and the official handle of the token (if they have any). +This is how to launch a coin. It had no presale, liquidity is locked, a max 5% purchase to stop whaling and the Devs buying with the rest of us. The fairest lauch ive ever seen. I knew there was lots of potential because of this but the Devs have been pumping out feature after feature and its been sitting really stable at the 20c mark despite a FUD campaing that would have sunk any of the Food or Dog coins, this is primed, its ready to blow. My gains seem meager to me now, similar but inferior projects have hit well over a dollar within a week and beyond that after. I know there is more here. look at some of the stuff they are doing and check out the wallet distribution. + + +Read this from their medium article \~ [https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f](https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f) + **Bogdabots** +Bogdabots are individual contracts deployed on BSC that connect to hooks built into the Bogged Transaction System, allowing code to be executed as transactions are made with $BOG. + +As $BOG transaction volume increases the Bogdabot contracts will get closer and closer to running on the blockchain 24/7 - BOG is unique in that it is the first seen implementation of this, partially due to the low gas fees allowed by BSC. + +This is only one feature! a big one but they have more!! + +&#x200B; + +Site: [https://bogged.finance](https://bogged.finance) + +Contract: [https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099) \---- MAKE SURE TO READ THE CODE, HILARIOUS STUFF, WRITTEN WITH LOVE. + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd7b729ef857aa773f47d37088a1181bb3fbf0099&inputCurrency=BNB) + +&#x200B; + +5% TX Fee. 4% to stakers, and 1% burned per transaction. + +Liquidity Locked? + +Yes. [https://bscscan.com/tx/0x2c9ace897832430de1c99e21ebc8c2650dcf0dbfaf081ccbfe2aa41b0512118d](https://bscscan.com/tx/0x2c9ace897832430de1c99e21ebc8c2650dcf0dbfaf081ccbfe2aa41b0512118d) +Come check out the TG group - [https://t.me/boggedfinance](https://t.me/boggedfinance) +Little bit about me: Iā€™m 29M, in the Navy, and almost complete with my contract. If I re-up orders, Iā€™m locked into three more years living in San Diego with 30 days off a year(tempting offer). Owning several rental properties is my number one priority over the safety and stability of a military career. At this crucial point in my life, Iā€™m posed with a couple questions maybe some of you can help me with. + +1. My goal is to enter the industry as quickly as possible. With private mortgages available, is continuing a career solely to raise capital a waste of time? + +2. For those of you who do maintain a steady job and invest on the side, how quickly has your portfolio grown since youā€™ve made the decision to invest? + +3. For those of you who have forgone a steady job to invest full time, would you briefly share your story of success and/or failure after quitting? +Do you remember [Kenny putting the blame on retail investors for stealing the pension funds of teachers](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)? The SEC just gave the OCC a green light to do so. + +Fresh off the presses today (Sept. 2, 2022) on the [SEC website for OCC Advance Notice Rulemaking](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803), the SEC publishes 34-95669 \[[PDF](https://www.sec.gov/rules/sro/occ-an/2022/34-95669.pdf)\] for SR-OCC-2022-802 \[[PDF](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-802)\] and 34-95670 \[[PDF](https://www.sec.gov/rules/sro/occ-an/2022/34-95670.pdf)\] for SR-OCC-2022-803 \[[PDF](https://www.sec.gov/rules/sro/occ-an.htm#SR-OCC-2022-803)\] giving **Notice of No Objection** to both. šŸ¤¬ + +You might remember these OCC proposals from my previous posts on how these proposals are OCC's plan to raise money and destroy pensions: + +* [OCC Filing of Advance Notice Expanding Non-Bank Liquidity Facility Program \[to destroy pensions\]](https://www.reddit.com/r/Superstonk/comments/w7zy4c/occ_filing_of_advance_notice_expanding_nonbank/) +* [OCC Filing Advance Notice re Master Repurchase Agreement for Liquidity \[OCC's plan to raise money\]](https://www.reddit.com/r/Superstonk/comments/w91ktj/occ_filing_advance_notice_re_master_repurchase/) + +&#x200B; + +[No Objection to SR-OCC-2022-803 basically giving OCC unlimited access to pensions](https://preview.redd.it/uhf1d2f7gjl91.png?width=1178&format=png&auto=webp&s=28333ef2f371f6d206d248d3c63e29a3aeaf6bec) + +&#x200B; + +[No Objection to SR-OCC-2022-802 setting ridiculously unfair terms demanding money ](https://preview.redd.it/x9twhc3hgjl91.png?width=1178&format=png&auto=webp&s=1b78b0804d8e0dd898d4ebb9939c9c9ea7ecd75f) + +Now, I fully admit I haven't read these in detail. But do we really need to when the introductions say "The Commission has received comments regarding the changes proposed in the Advance Notice. The Commission is hereby providing notice of no objection to the Advance Notice." + +That's basically government speak for "thank you for commenting; we don't care". + +[SEC, basically](https://preview.redd.it/o79ut1sshjl91.jpg?width=405&format=pjpg&auto=webp&s=b205c4038ac5110798387d27fb51ed5913d38828) + +Now, it's not all bad news. + +**PRO:** Approving these proposals allows MOASS to happen and the OCC to stay solvent by tapping pensions for liquidity "**as an alternative to selling Clearing Member collateral** ~~under what may be stressed and volatile market conditions~~" during a market crash. + +>\[T\]he purpose of the proposal is to **provide OCC with another vehicle for accessing cash to meet its payment obligations, including in the event that one of its members fails** to meet its payment obligations to OCC." +> +>"\[T\]he proposed change would **allow OCC to seek a readily available liquidity resource** that would enable it to, among other things, continue to meet its obligations in a timely fashion and **as an alternative to selling Clearing Member collateral under what may be stressed and volatile market conditions**." + +After all, losing \[teacher\] pension money is much better than having to sell off a buddy's collateral. The OCC can now access [pension funds valued at over $35 TRILLION (as of 2020)](https://www.statista.com/statistics/421729/pension-funds-assets-usa/) plus an unknown amount of money from insurance companies. (Both guaranteed at various levels of government means taxpayers ultimately pay for Wall St's degenerate gambling losses.) + +**CON:** Well, bye bye \[teacher\] pensions. Just as Kenny "[predicted](https://www.reddit.com/r/Superstonk/comments/ut71as/ken_takes_zero_accountability_again_puts_all_the/)". +A number of years ago I wanted, nay, I needed to do something to accelerate my time to being financially independent. This was basically me trying to turn frustration into something productive. I ended up looking into buying rental property. When I was initially considering buying a rental property, I had an easy time finding a ton of people trying to tell me what to do, but a hard time finding actual examples to think about myself. So I guess I'll post my experience in the hope that it's useful for people thinking about rental property as a source of income! + +## Phase 1: Searching for properties +I spent over a year watching properties before I finally pulled the trigger and bought one. What I did during that time was spent time researching neighborhoods, attending classes on how to be a landlord provided by a local non-profit that mainly covered federal, state, and local laws, and making sure I understood the local residential rental market sufficiently well to convince myself I wasn't tossing money out the window. + +As part of my search, I developed [this spreadsheet (note: I just converted this from an Excel spreadsheet, there might be minor formula errors in it)](https://docs.google.com/spreadsheets/d/15D5l6Xkyo8Acs9LLZ99RkvZd2JVosPaduxAMumFewJQ/edit?usp=sharing), which gave me a chance to make sure I understood roughly what I was getting into, and also let me compare potential residential property purchases easier. The basic concept was I was comparing the total cost of ownership (purchase, maintenance, PITI, selling costs, income) against a hypothetical 8% investment return if I just invested the money in the market. If a property on paper could beat that fairly high hurdle, I would consider purchasing it. What was a bit frustrating was the number of variables that went into my spreadsheet, few of which I had control over. In general, my approach was to underestimate expenses and overestimate things like vacancy rates. Other factors I considered included things like distance from home and work, and general neighborhood feel and quality. + +All in all, I evaluated 36 rental properties before purchasing one. 4 duplexes, 2 quadplexes, and the rest single family homes. + +## Phase 2: The purchase and initial updates +I ended up purchasing a 3br/1ba single family home on a short sale (the one in the linked spreadsheet above) for $175,000. One interesting note here was that the seller's realtor was doing the work pro-bono, and I used a real estate lawyer to purchase, so the total cost of the transaction was $900. There were many things to remedy, so I had saved up about 2 weeks of vacation and my plan was to take all of my vacation and remedy everything I could reasonably do for $5k. This turned into 2 60-hour weeks of work, and then 2 more weeks of 20 hours each (in addition to my normal work week) to get everything in shape for renters, and that wasn't even including the time my wife spent helping me. Basically every surface was modified, including drywall, carpets, refinishing wood floors, refinishing cabinets, refinishing wood trim, and many other minor repairs. The mortgage I was able to get required 25% down at 4.5%, so a down payment of $43,750. Since I immediately had to put $5,123 into it, this meant my immediate investment totaled $48,873. + +## Phase 3: Landlording +My process for evaluating potential renters included background checks, calling previous landlords, verifying employment, and meeting the renters in person. I had 2 landlords with decades of experience that I met through some of the earlier mentioned landlording classes that helped me decide on renters. The main lesson I learned here is that no matter how careful you are, you won't be able to avoid all potential problematic renters. I had 3 renters in the ~3.5 years I ended up owning the place, and there were issues on some level with all of them. My rent started at $1630 the first month, and increased slowly over time. + +I ended up owning the property for just under 4 years total. Here are the numbers from that time: + +| Year | Rent | Principal | Interest | Tax&Ins | Maint | Improve | Deposit | Cash Flow | Net Income | Hours Spent | +|------|--------:|----------:|---------:|--------:|-------:|--------:|--------:|----------:|-----------:|------------:| +| 2016 | $9,780 | $1,046 | $2,943 | $2,459 | $0 | $5,123 | $0 | $3,330 | ($745) | 248 | +| 2017 | $19,560 | $2,166 | $5,814 | $5,417 | $750 | $0 | $550 | $5,962 | $8,128 | 47 | +| 2018 | $20,040 | $2,264 | $5,715 | $5,730 | $1,100 | $0 | $0 | $5,223 | $7,488 | 59 | +| 2019 | $18,370 | $2,167 | $5,147 | $4,760 | $750 | $35,111 | $2,400 | $2,934 | ($30,009) | 342 | + +To be clear: + + * Cash Flow = (Rent + Deposit) - (Principal + Interest + Tax&Ins) - Maint + * Net Income = CashFlow + Principal - Updates + +Net Income isn't really useful, the improvements column wasn't something I could deduct immediately, improvements are basically treated as new investments that start depreciating on their own schedule, so I could only start depreciating a small fraction of them. Tax&Ins in the above table is just the property taxes. Income taxes were more complicated. Here's another table for it: + +| Year | Cash Flow | Bracket | Depreciation | Income Taxes | Carryover | +|------|----------:|---------:|-------------:|-------------:|---------:| +| 2016 | $3,330 | 28% | $3,872 | $0 | ($572) | +| 2017 | $5,962 | 28% | $4,079 | $367 | $0 | +| 2018 | $5,223 | 24% | $4,079 | $274 | $0 | +| 2019 | $2,934 | 24% | $4,435 | $0 | ($1501) | + +Note that the "Carryover" for 2019 is going to be subtracted out of the 2019 tax bill a bit later. + +## Phase 4: Selling +I decided to sell late in 2019 and managed to close before the end of the year. There were significant repairs made prior to the sale which I was allowed to deduct, and proceeds from legal action. Hey, how about another table (edit: I borked this table somehow, falling back to lines of text): + +Sale Price $248,500 + +Realtor Fees $14,910 + +Repairs/Imp $35,111 + + Net Legal $3,600 + +The adjusted cost basis for the property given the depreciation and repairs/improvements is $198,769. The adjusted sales price minus the realtor fees is $233,590. This means that I have $33,320 in capital gains after subtracting the remaining carryover from 2019. So my total taxes due are the capital gains at the capital gains rate, and depreciation recapture at my top federal rate capped at 25%, or: ($33,320 x 0.15) + ($16,465 x 0.24) = $8,949. There are various other modifiers to that tax bill, for example, I finally had unrented time, and there were other small deductions I could make that I'm not going into here, that bring my bill for 2019 to $8,455. This means that after the entire sale process, I netted $24,865. + +## Phase 5: Totals and comparison against total market over the same time period + +OK, so how did I do in total? I ended up making $45,914 on my initial investment of $48,873. Woot. + +If you remember from way back at the beginning, my hypothetical threshold was comparing the money I invested ($48,873) at a hypothetical 8% investment return. I'm not including the second round of improvements because they were basically put in place immediately before selling. I could also compare against how the market actually did over that same time period. OK, let's do all of the above. I bought the place in April of 2016, so we're using April 1 as the start date, so the first year was only 3/4 of a year. I sold a few days before the end of 2019, so I'll count 2019 as a full year. + + * If I invested $48,873 @ 8% APY, I'd have $62,260 + * If I invested $48,873 in VTSAX, I'd have $81,618 + * If I bought the property I did, I'd have $94,787 + +So I actually outperformed the crazy market over the past almost 4 years. The thing I haven't added in though is the 696 documented hours of time I spent working on the property and things related to the property. If I were to value my time at $20/hr, I'd underperform VTSAX. Yikes. + +I haven't actually filed my taxes yet, I got an actual tax professional to help me through this year's taxes, so the tax numbers are estimated but should be pretty close to the final values. + +TL;DR: Buy VTSAX +I work extensively with complex data sets to model projections and forecast. I often work with data sets that incredibly challenging, extensively large, and ambiguous and uncertain. Much of my job involves making sense of the non-sense, and stitching together a clear data-driven story that is 1) accurate, 2) accurate, 3) accurate. + +Here is my take on the current DRS situation. + +The *reported* DRS totals are below with my *actual* projections. Below is a full explanation. + +Period ending 10/30/21: Reported 20.8M, Actual 20.8M + +Period ending 1/29/22: Reported 35.6M, Actual 35.6M + +Period ending 4/30/22: Reported 50.8M, Actual 48M (DISCREPANCY) + +Period ending 7/30/22: Reported 71.3M, Actual 60.1M (DISCREPANCY) + +Period ending 10/30/22: Reported 71.8M, Actual 71.8M + +\---- + +DRS share count can only increase based on 2 actions: 1) new account creation, 2) current account holder DRS' additional shares. + +New account creation is the more impactful of these 2 actions to the DRS totals. New accounts often deposit *more* shares initially compared with current account holders that deposit incremental shares. For example, Bobby DRS's his shares from X bank of 1000 shares in multiple rounds. This is his entire holding. Each month, he contributes 10 shares. His contribution is less than his initial deposit. This is why tracking new account creation will be our "primary driver" in the analysis. The "secondary driver" will be additional deposits from current account holders. + +\---- + +The new accounts created during each quarter is as follows: 74k -> 46k -> 33k -> 28k -> 20k. Notice anything? The number is getting smaller. This makes sense. We see the initial surge/rush, this behavior is similar to a product launch, or really anything new. You see the surge and then demand tails off, quickly at first until there is a "long tail" more gradual decline at the end. + +Now look at the DRS totals each quarter: 20.8M -> 14.8M -> 15.2M -> 20.5M -> 0.5M. Notice anything weird? In the period ending 4/30/22, the DRS total *went up* by 0.4M from the prior quarter while the new account creation fell -25% (-13k). Same with the next period ending 7/30/22, the DRS total again went up +5.3M despite accounts again falling -15% (-5k). + +\---- + +So where do we go from here? We model out our projected *actual DRS totals.* How do we do this? Simple. + +We split our DRS totals each quarter into 2 segments. Segment 1 is the DRS contribution only from new accounts. Segment 2 is DRS contribution from existing accounts. + +So how do we do this? We start with what we know. + +1. In the 1st quarter of period ending 10/30/21, the average shares per account was 280. This is our starting point. From this point forward, we assume all new account creations add 280 shares (on average) to their account in the quarter they setup the account. Yes I understand this is an assumption, which we must take when dealing with limited data. +2. Keeping #1 in mind, in following quarter of period ending 1/29/22, we are able to calculate the *additional shares* that existing account holders add on average. This number is 29, or in other words current account holders increase their holdings by +10% (from 280 initially, see #1). +3. Based on #1 and #2, we can now solve for each quarters *actual projected DRS totals.* + +\---- + +Here is the breakdown. As you can see, the *actual* DRS totals each quarter likely slowly declined which would be typical expected behavior. Again, we would expect to see an initial surge followed by a sharp decline and then a long tail of steady decline. The only thing that would change this course is a major catalyst (huge lift in new account creation or a massive whale DRS) or a major headwind (major recession and apes forced to sell to put food on table) + +&#x200B; + +|Period Ending|New Accts|DRS Contribution from New Accounts||Old Accounts (beginning of period)|DRS Contribution from old acounts||Total| +|:-|:-|:-|:-|:-|:-|:-|:-| +|10/30/21|74k|20.8M||\-|\-||20.8M| +|1/29/22|46k|12.8M||74k|2.2M||15M| +|4/30/22|33k|9.2M||120k|3.5M||12.7M| +|7/30/22|28k|7.9M||152k|4.5M||12.4M| +|10/30/22|22k|5.6M||181k|5.3M||10.9M| +|||||||GRAND TOTAL|71.8M| + +&#x200B; + +TLDR: DRS, DRS, DRS. +in muh 30s, have about 60k in 403(b), I am cashing it out for a downpayment on a house. + +Tired of throwing away money to a landlord. + +I am done, doubt I'll live long enough to see 65 anyways. + +\####### + +Thanks Everyone, after reading through comments I decided I would just use FHA in combination with a loan from 403(b) to cover costs of buying the home. + +Still don't think I'll live to see retirement, but hey at least I'll be in a house that I can afford a payment for. + +1800$ for a 2 bedroom apt has been soul crushing (Central US) +Our last 8 volume candles consist of: + +8k +9k +21k +13k +11k +9k +6k +15k + +NOBODY IS SELLING. This bitch is illiquid as fuck and dancing on the edge of blast off. + +WE DONT FALL FOR YOUR TRAPS CITADEL AND FRIENDS. + +šŸ’Ž šŸ™Œ is still and always will be on the menu apes. + +Stay strong. + +Edit: Remember to vote. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Gamestop did a massive app update, changing the functionality entirely and allowing new segments to be seamlessly added when the time is ready (NFT Market mon cherie?). Most other organizations, when taking on something like this, would announce it at least a little to provide some hype for themselves and generate downloads upon release. Nothing grand, maybe a banner on the main page that says "Hey, Listen! A new app is coming for you!" But Gamestop said nothing. Instead they worked behind the scenes, based on our feedback and their industry experience, to design and release a product for us that, going by initial reviews, seems to delight. Who knows how long they delayed the release internally, how long they tested and what issues they encountered. We will never know, because they don't hype, they wait until something is perfect and then it drops. + +So you see, I don't care if RC stays silent, in fact I prefer it. I don't care if we don't get any updates of official announcements on something UNRELEASED, because even the smoothest of us can understand from behind the scenes (job postings, marketplace applications) that THIS IS HAPPENING. I don't care about timelines & have no expectations on when things will release or moon. And I most DEFININTELY do not care about the price. + +Beware the fury of a patient man. +Hey everyone, Iā€™ve been reading through this group on/off for the last few months as Iā€™ve come to realize Iā€™m getting older and need to get started asap. Iā€™m 37 and donā€™t have much of anything to my name for investments. My goal is to start throwing as much as I can towards dividends. Iā€™m feeling overwhelmed and so behind. Any advice or recommendations on oneā€™s I should begin starting off with would be much appreciated! +The capital raise provides buffer for GMEā€™s balance sheet, but also solidifies material damage to GME due to naked short selling. Ryan Cohen is playing 5D chess. When the voting results are revealed, hedges r fuk. + +Also thank you Wes Christian for an awesome and insightful AMA. Definitely grew some wrinkles on this brain today. +Kellogg said on Tuesday a majority of its U.S. cereal plant workers have voted against a new five-year contract, forcing it to hire permanent replacements as employees extend a strike that started more than two months ago. + +Temporary replacements have already been working at the companyā€™s cereal plants in Michigan, Nebraska, Pennsylvania and Tennessee where 1,400 union members went on strike on Oct. 5 as their contracts expired and talks over payment and benefits stalled. + +ā€œInterest in the (permanent replacement) roles has been strong at all four plants, as expected. We expect some of the new hires to start with the company very soon,ā€ Kellogg spokesperson Kris Bahner said. + +Kellogg also said there was no further bargaining scheduled and it had no plans to meet with the union. + +The company said ā€œunrealistic expectationsā€ created by the union meant none of its six offers, including the latest one that was put to vote, which proposed wage increases and allowed all transitional employees with four or more years of service to move to legacy positions, came to fruition. + +ā€œThey have made a ā€˜clear pathā€™ - but while it is clear - it is too long and not fair to many,ā€ union member Jeffrey Jens said. + +Union members have said the proposed two-tier system, in which transitional employees get lesser pay and benefits compared to longer-tenured workers, would take power away from the union by removing the cap on the number of lower-tier employees. + +Several politicians including Bernie Sanders and Elizabeth Warren have backed the union, while many customers have said they are boycotting Kelloggā€™s products. + +Kellogg is among several U.S. firms, including Deere, that have faced worker strikes in recent months as the labor market tightens. + +https://www.cnbc.com/2021/12/07/kellogg-to-replace-striking-employees-as-workers-reject-new-contract.html +How much do you think the overall prestige ranking of the college you attended (for undergrad) affected your journey to fatFIRE, if at all? Would love to hear peopleā€™s stories regarding the topic. +Hi all, + +I have noticed in this subreddit, people are overly protective of their strategy while like 95% subscribers do not have a working strategy in the first place (me included). + +I've been reading alot and found some other forums the subscribers contribute more to ideas. + +So I decided, let me start with my own strategy, share some knowledge and get your perspective on that instead of sharing your own thing. + +My first strategy is simple trend following strategy that is fairly easy to automate and at the same time could be more complex the more you think about it. Here is an overview about: + +&#x200B; + +* Input: +1. Closing prices for the last x period using t time frame (i.e. use last 50 candles closing price in daily chart) + +&#x200B; + +* Market Filter: +1. This strategy would obviously perform in trending market and under perform in sideways market. For market filter: trade using aroon indicator + +&#x200B; + +* Buy Trigger: +1. Buy when the asset reaches above the high for the period x + +* Sell Trigger: +1. Sell when the asset reaches below its low for the period x + +&#x200B; + +* Asset Classes: +Securities in SP500 + +* Optimization: Currently parameters are just given as examples but could be optimized for a certain period and time frame depending on your platform. + + +My language of choice is python but it is fairly simple to apply to any programming language. + +&#x200B; + +This is a simple yet very effective strategy (might be oversimplified but the core logic remains the same). It works and there are tons of variations out there of it. + +&#x200B; + +What do you guys think on ways to enhance this further? +The Sep 17 circular had 3 points. ([https://www.sebi.gov.in/legal/circulars/sep-2020/circular-on-mutual-funds\_47574.html](https://www.sebi.gov.in/legal/circulars/sep-2020/circular-on-mutual-funds_47574.html) ) + +1. The first one on NAV has been widely discussed, including in this sub. +2. The second one deals with trade allocation and execution by the AMCs. SEBI has asked for a detailed, specific Order Management [System](https://System.It) (2.2.1 in the page) They have also asked for clear documentation of the various teams involved in the backend. +3. It also specifies firewalling of the execution/dealer team (2.2.3 in the page) A sample - orders to the dealer has to be on recorded telephone lines, dealer room can't have mobiles, etc. +4. These are formal and the AMC has to put in place a compliance system + +I don't want to go into the reasons for the change. There have been instances of 'front running' in the past. Overall, they formalize the backend work of the AMCs in order execution. +Dear community, I'm going to ask you for help. + +What kind of investor you are? What is your behavioural instinct when it comes to investing? Did your behaviour change over time? Did you make mistakes as a beginner? How did you learn? + +'The behaviour gap' is documented enough to vehemently say that it is due to our behavior that we lose returns. So even if we want to make returns from the best MFs or great stocks it is due to behaviour that returns vary. Can someone learn to change behaviour? + +I'm asking this because I want to learn behavioural aspects of different people and want to understand why is it so. + +If you want a template, answer some of these questions or frame your responses using these. Like + +1. When did you buy your first stock and why? +2. Did you trade and then moved to long term investing? If so, why? +3. When in your journey did you understand the difference between 'money' and 'wealth'? +4. How many mutual funds do you hold in the beginning? Did you bring down the number? +5. Do you invest in index funds or active funds? If you moved from active to index, after how many years? +6. When did you understand that the stock market is perhaps the only place where you'll be rewarded richly by doing nothing. Literally nothing. ( What I meant by doing nothing is - buying quality ones and not tinkering with portfolio, as in the long term that would amount to fairly good amount ) + +Do you think the saving habit is innate? I think so. If yes, then did you see people who are spenders who have shifted to saving? + +Seniors and veteran investors please pitch in. +Edit 2: I want to make another Edit at the beginning of this post to clear up misconceptions about this post. The title of this post says "buying spree" but I'm just reusing the language used in the article quotes. The said buying spree likely consisted of longs, shorts, options, swaps etc. to stop their portfolio from collapsing. + +Okay, I think I just figured something out + +I want to start by prefacing that this is my first ever DD post, so I apologize if there are any formatting issues, and I am open to criticism here. Also, none of this is financial advice. + +TLDR; Bill Hwang ordered his traders at Archegos to go on a buying spree in March 2021 when his inflated portfolio started imploding on itself. We witnessed this buying spree on March 10th when the price of GME dropped from $348 to sub $200 levels and I am speculating that this price drop happened because of the rampant "buying spree" by Archegos, + +TADR; Read the title. No cell, no sell. DRS, HODL. + +Okay let's get into it, From the SEC press release today: + +"The SECā€™s complaint alleges that, from at least March 2020 to March 2021, Hwang purchased on margin billions of dollars of **total return swaps.** These security-based swaps allow investors to take on huge positions in equity securities of companies by posting limited funds up front. As alleged, Hwang frequently entered into certain of these swaps without any economic purpose other than to artificially and dramatically drive up the prices of the various companiesā€™ securities, which induced other investors to purchase those securities at inflated prices. As a result of Hwangā€™s trading, Archegos allegedly underwent a period of rapid growth, increasing in value from approximately **$1.5 billion** with **$10 billion in exposure** in **March 2020** to a value of more than **$36 billion** with **$160 billion in exposure** at its **peak in March 2021."** + +Using Swaps, we already know this because is was called by none other than the brilliant Pomeranian u/criand himself. the next paragraph gets juicy: + +"The complaint also alleges that, as part of the scheme, Archegos repeatedly and deliberately misled many of Archegosā€™s counterparties about Archegosā€™s exposure, concentration and liquidity, in order to get increased trading capacity so that Archegos could continue buying swaps in its most concentrated positions, thereby driving up the price of those stocks. Ā **Ultimately in March 2021**, **price declines in Archegosā€™s most concentrated positions allegedly triggered significant margin calls that Archegos was unable to meet,** **and Archegosā€™s subsequent default and collapse resulted in billions of dollars in credit losses among Archegosā€™s counterparties"** + +Source: [https://www.sec.gov/news/press-release/2022-70](https://www.sec.gov/news/press-release/2022-70) + +Hmm, okay so Archegos' portfolio was starting to collapse in March 2021... what did Mr. Hwang do about this? Well let's look at this Bloomberg article: + +"The indictment said Archegosā€™s positions were inflated with the use of borrowed money and derivative securities that required no public reporting. When the market turned against the positions in March 2021, **Hwang directed the fundā€™s traders to go on a buying spree in an attempt to prop up their price, federal prosecutors charged.**" + +Source: [https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout](https://www.bloomberg.com/news/articles/2022-04-27/archegos-founder-hit-with-criminal-charges-in-massive-fund-rout) + +Another source, the WSJ: + +"The dynamics favoring Mr. Hwang had shifted by March 2021, by which time his strategy had left Archegos highly vulnerable to volatility in a small number of stocks. Already pressured by mounting losses in companies including Baidu and Farfetch, the announcement of additional financing by ViacomCBS in late March sent its stock price falling and effectively triggered the unraveling of Archegos. + +Rather than sell positions to meet margin calls from lenders, prosecutors allege, Mr. Hwang told his traders **ā€œto engage in a desperate buying spree in an attempt to reverse the price declines of stocks underlying Archegosā€™s core positions.ā€** But the efforts couldnā€™t staunch the bleeding." + +Source: [https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business\_minor\_pos4](https://www.wsj.com/articles/archegos-founder-and-cfo-charged-with-securities-fraud-11651059901?mod=business_minor_pos4) + +I'm most of us are familiar with what happened on March 10th, 2021 to the price of GME stock, but for those who are not, here's a chart: + +[Source: https:\/\/www.cnbc.com\/2021\/03\/10\/gamestop-surges-40percent-then-wipes-out-gain-completely-and-is-halted-again.html](https://preview.redd.it/du2knm88n4w81.png?width=740&format=png&auto=webp&s=b92dffa4799136b03a808fc65e809b91ed24c59c) + +The price of GME dropped from $348 to under $200 dollars in 25 damn minutes. I believe that this was an instance of Archegos going on a said "buying spree" to try and avoid being margin called. + +Now I'm not 100% on the dates of all these events, all I know is that this happened in March 2021, and the March 10th connection is purely based on speculation from me at this point, but I'd like to hear feedback from the community to get some more perspective. I could be wrong here, but this clicked in my head just now, and I had to write up this post. + +Hedgies are fuk. + +Edit: I want to make it clear that I am speculating that Hwang ordered his traders to go on this "buying spree" which would also include shorting any stocks they had short exposure to. So not necessarily going long on something but going on a "spree" of inflating their positions (short and long). + +Edit 3: changed flair to speculation/opinion +I've been planning a trip to Europe sometime next year, maybe February or March, and I thought it may be wise to exchange some dollars to euros ahead of time while the dollar is strong. I was wondering what the best way to do this is, other than stuffing euros under my mattress. + +Would it be investing in something like $FXE now and then selling at the time of travel, etc.? Thanks in advance for the replies/ideas! +Janet Yellen, the Secretary of the Treasury, claims that Crypto would be mainly used by criminals. + +But how does reality actually look like? + +Crypto transactions connected to crime have hit an all time low last year, just 0,34% of all transactions are somehow connected to "crime" (this includes your local guy ordering weed) + + + +What about the U.S. Dollar and other FIAT? + +The United Nations estimates that up to $4,000,000,000,000 annualy is connected to crime, which is up to 4% of global GDP. + + + +Why is no politician talking about that? + +[(source for claims)](https://www.forbes.com/sites/haileylennon/2021/01/19/the-false-narrative-of-bitcoins-role-in-illicit-activity/) +We're coming into winter and the nights are getting colder. It's been about four days or so and I worry that the man or woman who paid me [$105,000 for 500,000 of my DW8 shares](https://i.imgur.com/3EHMGPL.jpg) is only feeling the cold in their weary bones and no matter how close they come to the fire they feel nothing but that terrible driving chill. + +&nbsp; + + +Amongst the rabble, when the stock price for DW8 [reached to the stars and caressed 21c as a company all time high](https://imgur.com/a/M8WnQ9a) on the 13th of April, a single trade was made and an order executed: [$105,000 AUD for 500,000 DW8 shares](https://i.imgur.com/IeP6gFO.png). A poor soul with wax wings battling in those few short seconds did their dash, paying for each of my DW8 shares a [single silver coin](https://imgur.com/a/YV9OGKh) and an old bronze one not often seen nowadays in our deeply unfair land. + +&nbsp; + + +I don't think of the person I bought the shares from in 2019, or I never have before but I think they're probably quite settled now. Perhaps they bought back in. Perhaps they moved on. I know sometimes I don't remember having purchased a stock, and am very surprised to see it in my purchase confirmations. I think they're okay. I hope they're in. I hope they were selling next to me at 21c, within the minute of 10:06, starting at 10:06:36 and finishing at 10:06:40. A nothing four seconds that passed in a flash, but carries for a harried soul out there with sunken eyes a nebulous and ethereal burden uneasily conveyed to family and friends. + +&nbsp; + + +I don't think the man or woman, the human, who gave me $105,000 of their money and who in my eyes threw their money into the air and let rain upon me, I don't think they're settled yet, not like the person who sold me $6999 of DW8 shares in 2019. + +&nbsp; + + +No, not at all. + +&nbsp; + + +Over the weekend, the share price for DW8 is 15.5c, so they are sitting with a loss of $27,500. I imagine it might be printed in red on their brokerage account. I imagine they don't like opening their account now, but perhaps they're harder than I imagine. People have such capacity, and can take upon themselves and their shoulders such burdens that I can't begin to fathom. Maybe like a moth to a flame, this person's eyes are drawn back to the red numbers and their mind back to those four seconds from four days ago. + +&nbsp; + +So I would ask you all to give a moment for that person, of whom we all are, that so freely distributed their funds to what they believed was right but is now wrong. +Hello, I hope this is the right place to post this. + +&nbsp; + +I recently found myself in a rather strange situation. A few weeks ago, I was walking around with my girlfriend in a shopping mall. A lady who looked in her late 30's early 40's approached us and complemented my girlfriend's new heels she was wearing. The conversation opened up, and we ended up talking for a while. She asked us what we both do for a living. I told her that I recently graduated college (I am 23) with a business degree in Marketing, and that I am currently inbetween jobs, as I recently got out of a job working for my father's business for 6 months. I told her that my aim was to be self-employed one day. She said that I should talk to her husband as he could potentially have work for me, and asked for my number so he could reach me. In my head I said fuck it why not, and we exchanged numbers. It seemed ordinary enough, and I believe the woman had her kids with her. + +&nbsp; + +About a week passes and the husband texts me referencing that I spoke to his wife for a bit and he asked for a good time to chat on the phone. A week later we talked on the phone, and he asked if I would like to meet up for a coffee to talk for a little bit after I finished working at my part time job. I said sure, didn't seem like it would hurt. So last night after I got out of my shift, I met him at the closest Starbucks, and both him and his wife that I met prior were there. They were dressed nice. + +&nbsp; + +The exchange was a mock interview of some sorts, but I still do not know what exactly it is they do. They asked me some general questions, and asked me what kind of a person I am. They asked if I am "process oriented" or "outcome oriented". The husband said he had a mentor when he was younger and now he is "financially independent". They asked what I am passionate about, and if I am a "free thinker". They asked about my hobbies and interests so I told them how I played sports for a while. The husband also said he has a son that plays football at a private school - a school that I have definitely heard of. They seemed to be fairly well-off. Then they gave me a book to read called, "The Business of the 21st Century" by Robert T. Kiyosaki. They asked me to read this book and that we are going to talk about it at our next meeting on Monday. + +&nbsp; + +What should I make of all of this? This entire exchange has been quite strange, but I have no direct evidence that leads me to the conclusion that this is indeed a scam. They seem like nice people but I'm really not sure where this is going. Does anyone know what this is? + +&nbsp; + +Thanks in advance, I know this was kind of a long post. + +&nbsp; + +UPDATE: Wow, this blew up. I appreciate all the responses. I really have no interest in going to the next meet-up, even knowing that it is a scam. It is kind of upsetting because I recently got fired and am looking for something to get me back on track. My personality does not suit Network marketing so I know it would be a waste of time and money - to the commenters below that said that it works for certain people. Also, some comments have been patronizing me for not being aware of it being a scam from the start. I didn't end up spending any money, did I? God, some people are just insanely judgmental. + +&nbsp; + +To those that said for me to keep my chin up and help put things into perspective, your comments have been very helpful. Cheers +I am following the project of PRL for some time now and feel like it gets a little to less attention in general. So I decided to give a small insight why I believe in the coin and the project behind it. + +So first for those of you who don't really know what PRL is I suggest you to have a look at their webside: +https://oyster.ws/ + +Now that you have a impression about what Oyster Pearl is, I would like to tell you why I am very optimistic about the project. + +1. An innovative idea that focuses on a problem that has been present for some time now. + +A majority of todays websites are trying to make money with advertisement, however as you all know a common trend of internet users is, to use an adblocker. A majority of people reading this post will use adblocker software themselfs. This i a huge problem for website owners as it leads to a enormous loss in income for them. +The Oyster Pearl technologie can solve this problem by giving the owners a secondary way to make profit out of their website. + +2. Simplicity of implementing the Oyster technologie into the website + +The fact that the website providers only have to implement one line of code to take advantage of Oysters's technologie can be big to make it interesting for big and small websites. + +3. The marketcap of PRL is still rather small -> huge potential of growth + + Because investing in the top-players in the market is pretty risky right now (in my opinion) as these coins are getting a lot of hype I was looking for rather unknown projects with a big potential of growth. +Oyster Pearl, while already jumped from 0.50$ in price at the beginning of 2018 to a price of 2.36$, has still only a marketcap of 74.996.371 USD which ranks it on rank 229. + +I hope I gave you a small insight on the coin and why I think it has potential for growth in the weeks in months to come. Let me know your opinion on the project. + +LINKS: +Website of Oyster Pearl: https://oyster.ws/ +Coinmarketcap link: https://coinmarketcap.com/currencies/oyster-pearl/ +Seems we will be stuck at home for a while. Any useful/interesting courses that you think are worth it? Wealth management, mindfulness, etc? + +As background, I was considering taking the Wharton private wealth management program, but it's not running for now. Any suggestions? + +EDIT: To ad some more context, in addition to wealth specific topics, I enjoyed this one in the past: [https://www.coursera.org/learn/the-science-of-well-being](https://www.coursera.org/learn/the-science-of-well-being). I am sure it will help with the RE part of fatFIRE. +Everyday is hype day. I knew from day one - this wouldn't be a walk in the park. They will fuck with the price, they will fuck with the news, the sub. All is good - I hodl. Ape always seem to be buying, and I know ape hodl. Zen. Just enjoy today. Enjoy tomorrow. The future is bright. I think all ape know potential is unlimited. + +Edit: we're in a sub for GME. This post gets a ton of upvotes, then gets hammered with downvotes. Been happening for over an hour. Curious. Who would so aggressively downvote this post in a pro GME sub? Weird. +They are making TA every other day and none of them saw this crash coming. They were all hyped for $100k BTC and $10K ETH by the end of the year. But crash happened and all of their TAs turned into a BS. Stop following stupid crypto instagram influencers or ''expert'' crypto youtubers. They don't know shit about fuck, just like all of us. +My partner and I are well off- we have good salaries and live a good life. We are both approaching 30s so thereā€™s questions about do we want kids or not in the future. I know that having kids is a sacrifice, but I am just wondering how the hell can regular people afford to have a child or more than one! and still have money for a mortgage and for all the other costs in London? Especially if they donā€™t have family around to help with the childcare while they work?! It is just not financially viable to have a couple of kids, pay off a mortgage and still be able to enjoy life! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Aside from solar panels, driving an electric car, and having a charging station at our house... What are some other ways to reduce our cost of living long term? +This is a sign that the stock is being bought not just by retail investors but also by institutional investors. + +Otherwise, the share wouldnā€™t have rose around 20% today. + +The amount of buying pressure and momentum in this stock is insane. + +Not to mention the unusual options activity that's going on right now. Though this is probably being fuelled mostly by retail investors. +Bold move, gonna shave off quite a bit of Walmart's top line this quarter since a big appeal of their eCommerce business is offering Free Shipping to customers without the need to buy a membership. + +&#x200B; + +&#x200B; + +&#x200B; + +Source: [https://www.usatoday.com/story/money/nation-now/2018/11/05/amazon-drops-25-minimum-free-shipping-through-holiday-season/1889512002/](https://www.usatoday.com/story/money/nation-now/2018/11/05/amazon-drops-25-minimum-free-shipping-through-holiday-season/1889512002/) + +&#x200B; + +&#x200B; +[that was me](https://www.reddit.com/r/povertyfinance/comments/agbx0n/instead_of_the_5_challenge_i_thought_id_try_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) hey, hi, how yā€™all doing? + +So this is the update to my endeavor and before I continue the story, I want to preface this with: **I AM NOT POSTING FOR PITY.** I know there was quite a few people who were intrigued and invested in my experiment, and I wanted to give an update to what happened. + +Basically, the task was for me to try and save whatever clinky change I had and money I would have spent on lotto tickets and essentially, the task failed successfully. + +The bucket ended up actually helping me out in the end because late July 2019, my mother had a fall and broke both ankles. + +Needless to say, it kicked off two of the hardest, stressful, and needlessly painful months of my life. + +She would spent a month in hospital, spent time and rehab, home, back to the hospital all the while my family my family fighting with Medicare, transportation services, and equipment renters and failing to be able to provide a basic level of care in her condition. + +This would be the straw to break the camels back and she would ultimately decide to quit dialysis and come home on hospice where within 3 days she would be gone. + +So what does any of this have to do with me managing my money? Iā€™ll tell yah. + +My bucket came in handy because suddenly I was driving from work, to hospitals and a rehab center which mean a lot of gas, and a fuckton of tolls. + +What little I had initially saved helped, and it became more like a contingency savings account because as anyone whoā€™s paid biweekly knows- getting paid twice a month FUCKING BLOWS. + +So it helped insure that when all my bills were paid, I would have gas and toll money and even some to bring my mom lunch or dinner. + +So where do I stand now? The bucket is empty save for some pennies. Basically, the experiment has ceased being of my utmost concern because even now nearly 4 months later, Iā€™m still wading my way out of the grieving process and have been throwing any money I do have extra towards student loans, paying off my credit card, my car payment, and a new mattress. + +But since this is a story I guess I should give it some moralistic ended and I think it would be: expect the unexpected, and donā€™t be afraid to change your plans. Sometimes accidents is how we obtain results. + +Will I try it again? Probably not for a while, but if I do, Iā€™ll let yā€™all know. +Note - This is just an opinion and I believe Realty Income is one of the better managed REITs in the world (while I do not currently own it, I have owned it off and on since 2008) + +&#x200B; + +There is one mega trend working against O right now and that is inflation. + +As inflation remains high and the Fed continues to raise rates, 10 year treasuries are likely to continue to climb. This has a few knock-on effects that will work against O over the short and medium term. + +a. Raising rates will, without question, slow the economy and will perhaps put the US into recession. With most of O's portfolio in the consumer retail space, this causes issues with pricing power (hard to raise rents on expiring lease agreements during a recession) and increases default risks of major tenets (their businesses will be struggling at the same time that servicing their debt has gone up). + +b. Like it or not, REITs are bond proxies. During times of significant market downturns (think 2001-2003, 2008-2009), the spread between the 10 Year and REIT indexes has been in the 1.5% to 3% range. + +c. If you make the assumption that the 10 Year reaches 4% and the US enters a recession at the same time (not a guarantee, but I'm guessing at least 50/50 odds), you can make an educated guess that the market will price REITs like O with a dividend yield of 6%. + +If you take O's current dividend of $2.97 and divide it by 6%, you get a stock price of $49.50. And at that point, you can put every dollar you have at your disposal at buying as much O stock as possible. +Given the raising interest rates I guess it makes sense for banks to seaze the cash from the common folk again. + +My old bank back home has just offered me a 7% savings account, sadly not in euro. Can you recommend any savings account in Germany in ā‚¬? + +(Please refrain from derailing the topic into other investments such as stocks or ETFs, I know they can bring more return) +I am a super noob with finances. I've been out of college and in the work force for just under 3 years. Each year, the rent increase on my apartment has outgrown the increase in wage salary. + +This year, the rent will increase by %17 while my salary is bumped by %1. + +My napkin math tells me that this wage increase will only account for 1/3 of the rent increase. + +Am I looking at this incorrectly, or is my anxiety justified? I'm reading that rent should be 25-35% of income, and luckily the new rent doesn't move me out of that range, but I will need to change something, I'm thinking either cut back on savings, or move to even cheaper apartments (I'm already living in one of the cheapest places in the area), roommates, etc. + +Thanks in advance +Using an alt here from my regular account. + +One of the things allowing me to be on track to FATFire as a W2 employee is a high position at a somewhat demanding corporate job in a still growing company. + +My kids are at the age now (preteen-tween range) where they notice dad puts in more than a standard amount of hours. I'm not talking a huge amount of late hours (50 hrs/week usually), but the kids know a normal job is 9-5, whereas dad works till 7 most nights. Pay the cost to be the boss. The nature of the work is such that those hours are while other people are also working; in other words, I can't just log off at 5pm then go back to work after bedtime. + +To drive home the fact that this isn't all for nothing, I communicate to the kids when a certain lifestyle element they enjoy is made possible by dad's extra work. For instance, when we check into the suite/villa on a vacation and the kids are running around it going "wow!", I point out the reason we're staying here instead of a normal hotel room is those extra hours dad puts in. Same when we went to Disney and did the all day VIP skip-the-lines package, that they all have new iPads and computers, and so on. Note this is always done in a matter-of-fact way, not a braggy way... I'm trying to instill in them that rewards come from hard work, and that those hours I put in benefit them as well. + +My wife has started to take offense to this. Her take is that I'm putting too much focus on money for them at a young age, and that there's no need for me to be imposing anytihng about my career into their still young lives. +