diff --git "a/reddit_finance_43_250k_14.txt" "b/reddit_finance_43_250k_14.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_14.txt" @@ -0,0 +1,10000 @@ +&#x200B; + +>March 20, 2020 – MMLF Will Now Accept Municipal Debt +> +>The Money Market Mutual Fund Liquidity Facility (MMLF), in co-ordination with the Federal Reserve Bank of Boston, **expanded the list of acceptable collateral required for a loan to include high-quality municipal debt**. + +1. Money Market Mutual Fund Liquidity Facility (MMLF) is Facility #7 +2. "High-quality" municipal debt. + +A municipal bond is a debt security issued by a state, municipality, or county to finance its capital expenditures, including the construction of highways, bridges, or schools. They can be thought of as loans that investors make to local governments. ... Municipal bonds also may be known as “muni bonds” or “munis.” + +Hey u/arnott, didn't you write up a [DD about JPOW and MUNIS](https://www.reddit.com/r/Superstonk/comments/smtaip/fed_scandal_bigger_than_watergate_jay_powell/hvz3ra3/) yesterday? + +  + +We're a *fourth* of the way through the list and I've skipped *two* items. This is gold mine after gold mine. + +# And now we get to March 23rd. + +>March 23, 2020 – Fed Announces Extensive New Measures To Support The Economy +> +>In its most sweeping and dramatic intervention in the economy to date, the Fed announced a series of measures employing a wide range of the monetary policy authorities available to it, all with the aim to “support smooth market functioning”. The Fed: +> +>– Expanded its quantitative easing program (see March 15) to include purchases of commercial mortgage-backed securities in its **mortgage-backed security purchases**. +> +>– **Established three new emergency lending facilities, a Primary Market Corporate Credit Facility (PMCCF) and a Secondary Market Corporate Credit Facility (SMCCF) to support credit to large employers, and a revival of the Term Asset-Backed Securities Loan Facility (TALF)** to provide liquidity for outstanding corporate bonds. These three programs will support up to $300 billion in new financing options for firms, backed by the Treasury Department’s Exchange Stabilization Fund (ESF) which will provide $30 billion in equity to these facilities. +> +>– **Expands the powers of two existing programs, the CPFF and PDCF** (see March 17 and 18). The **MMLF**, which already accepted a broad range of collateral including corporate paper, **will now cover a wider range of securities including municipal variable rate demand notes (VRDNs) and bank certificates of deposit**. **Similarly, the list of acceptable corporate paper that the CPFF would consider acceptable will now include high-quality, tax-exempt commercial paper as eligible securities**. The Fed will also lower the price to use the CPFF facility. +> +>– In addition, the Fed noted that it expects to announce shortly a fourth new program, to be called the **Main Street Business Lending Program**, designed to support small and medium-sized businesses. This program will support the work of the Small Business Administration (SBA). +> +>For additional information on these developments, [see here](https://www.americanactionforum.org/insight/fed-announces-extensive-new-measures-to-support-the-economy/). + +Each of these could be an entire DD all on their own. Municipal Variable Rate Demand Notes (VRDNs) are the Munis. + +[High-quality, tax-exempt commercial paper](https://www.investopedia.com/terms/t/taxexemptcommercialpaper.asp)? If these weren't acceptable before, why are they now? This smells like abusing a crisis for financial gain. + +At this point, I've probably hit the limit. So I'm going to post the image again, now that you a little bit of an idea of all the broad, sweeping changes that occurred just after. + +Maybe the $10.8T shifted from M1 to M2. Maybe it got lost in the COVID shuffle. Maybe it's something more nefarious. + +But until I find where it went, the math doesn't add up. + +&#x200B; + +# Sprinkles + +Oh, and remember when I said we'd come back to the $100 bill data? + +https://preview.redd.it/s608kcyd2ng81.png?width=823&format=png&auto=webp&s=b109ff681eff50ed556dc507b01f1137a209f64a + +$100 bills outnumber every other bill. And for some reason, their volume increased disproportionately beginning in 2007. + +https://preview.redd.it/arm8bijt2ng81.png?width=448&format=png&auto=webp&s=2c4b39e510031b7fde6693ea64349d4da55e9d10 + +Sprinkles. + +&#x200B; + +Edit 2: u/oldmanRepo was kind enough to clarify [the difference between a repo and facility in this thread](https://www.reddit.com/r/Superstonk/comments/snowhw/comment/hw4skwi/). I've updated the language to reflect better terms. Thank you!! +I’m sure a lot of others have noticed recently an almost apathetic approach to rule enforcement on part of the SEC. Sure, they may still be dishing out small fines and slaps on the wrist but this doesn’t address the overall failure we are seeing in market manipulation from big players. My question is what can be done about this? As retail investors in numbers, I feel like we have more power than we realize to stand up and hold them accountable for playing favorites in the market. Just like any other appointed governing body, they have checks and balances as well as answer to a higher power, in this case the US Senate I believe. So what’s stopping us from petitioning and writing letters of concern to our local and state senators? The outcome being that it would put pressure on the SEC to actually get off their asses and DO something or they risk a huge audit into their organization and practices. + +Maybe I’ve missed something completely obvious or I don’t have enough wrinkles on my brain to comprehend a bigger issue here but hoping someone more intelligent than me can shed some light on the subject. + +TLDR; In light of SEC apathy on current market manipulation, how can retail investors put pressure on our government to ensure the SEC does their job to enforce fair market conditions? +Hi folks, + +Market rent in my class B neighborhood is far less than 1%. Houses here easily go for \~$300k, and yet, my agent was able to pull a list of all of the successfully rented properties from the MLS, and they're going for $1800-2000/month. Why wouldn't these be going for $3k/month? This is a pretty solid neighborhood with great schools, only a stone's throw from class A territory. + +I was able to secure 1% rent on my class C property - paid $145k for it, got it rented for $1450. Why on earth is a much better community with better schools, amenities, etc., only renting for a measly $500/month more? +I came here to post this and saw that the trending post was something similar. So I feel a little weird about it but not enough to not post. + +Husband and I have been working like crazy. We both respectively “own” our own business (he’s a partner at a big law firm, I own a design firm). He just got his final reporting a back and he stands to make $3.2million and my accountant closed my books for the calendar year and I pulled in around $1.2million. This is a *significant* jump from previous years and we are both in a little bit of a shock. +He in particular was very proud but had no one but me to share the achievement with....just given the awkwardness of that info especially during this time. + +We celebrated by eating cool whip right out of the container. + +We feel it’s our responsibility to do some serious donating now, and our hearts are with all the people that have lost so much this year. + +Anyway. Happy 2021 everyone. +After 80 trades it is 70% profitable, 12 profit factor and 7% drawdown. + +I tested it with BTCUSD starting with $1000 and trading 1 contract at a time. And it made 5000% profit. Is it any good? Are these numbers close to what I could expect in the real world? +In the fine 1964 film Goldfinger, James Bond and the audience initially think the villain's plan is to steal the gold from Fort Knox. Bond even points out the madness of this idea by calculating how many trucks would be needed to haul it away. + +Not so fast, Goldfinger replies. The actual plan is to detonate a dirty bomb inside the vault, irradiating the gold. In Goldfinger's mind, this will essentially destroy its usefulness for many years, and his own legally-owned gold will increase in value because it's now a scarcer resource, making him an immense profit. Bond later tells Pussy Galore that the plan is insane. + +What would actually happen if a dirty bomb went off inside the Fort Knox gold depository? Would owners of non-radioactive gold make out like bandits? If the U.S. suddenly had some urgent need to trade away highly radioactive gold, could it just sell bullion inside lead boxes? +**\*\*\*\*EDIT\*\*\*\*** +**For full transparency, it looks like I may have made a mistake with my numbers. Honestly, I thought I had it and my draft passed a few peer groups. I really feel like there's something here though if someone wants to build off of this as most of the post is still valid. That being said to keep the standards high for DD written for this community I'm going to label this as partially debunked.** + + + + + +https://preview.redd.it/2gfqc795n2l81.png?width=1500&format=png&auto=webp&s=c083d91d7e94c83740e4eccc1e5ec0bb30e76830 + +Hello you collection of independent investors, + +I wanted to share a follow-up regarding my DD on the CME group from last summer ([Link](https://www.reddit.com/r/Superstonk/comments/pqqsz6/goldman_is_a_swapsfutures_counterparty_theory_why/)). As always nothing I say and/or post is financial advice, and I reserve the right to be wrong. I believe the greatest strength of this subreddit is its ability to share ideas collectively with the goal to find more pieces to this puzzle. If a flaw or counter is found please share it. + +**Contents:** + +* **HYPOTHESIS** +* **CME'S RISK MANAGEMENT** +* **FUTURES CYCLE/ROLLOVER WINDOW** +* **TRANSFER OF A DEFAULTING MEMBERS POSITION** +* **SUPPORTING EVIDENCE** +* **CONCLUSION** + +&#x200B; + +* **HYPOTHESIS:** + +The Chicago Merchant Exchange group is a Memestock counterparty for Short Hedge funds and was forced to hold a **$500 Million Dollar bag** of unrealized fair-value positions last August. Additionally, the CFTC granted the exception to transfer those unrealized positions as forced closing, could have catalyzed the squeeze and would have significantly hurt the systematically important derivative clearinghouse. + +&#x200B; + +* **CME'S RISK MANAGEMENT** + +Last summer I stumbled upon some information regarding the Chicago Merchant Exchange Group (CME) that points to manipulation with Commodities Futures Trading Commission's (CFTC) stamp of approval. We will get to that. First, we need to investigate who the CME group is.... CME Group Inc. is an American global markets company. It is the world's largest financial derivatives exchange, and trades in asset classes that include agricultural products, currencies, energy, interest rates, metals, stock indexes, and cryptocurrencies futures. It has been designated as a Systemically Important Derivatives Clearing Organization (SIDCO). + +CME Clearing serves as the counter-party to every cleared transaction, becoming the buyer to each seller and the seller to each buyer, maintaining a matched book, and limiting the credit risk by guaranteeing the financial performance of both parties. In a bilateral system, each participant faces the concentrated, individual credit risk of the other party to the transaction. Satisfactory fulfillment of the transacted contract or agreement depends primarily on the creditworthiness and proper behaviour of each individual party to each transaction. CME Clearing mitigates counter-party risk through becoming the counter-party to both sides of the transaction, while utilizing risk tools such as: the collection of a performance bond (also referred to as initial margin), daily mark-to-market cycles, and the collection of Guaranty Fund contributions, among other tools. By this mechanism, the concentrated credit risk of each transaction is transformed into a well-diversified and regulated risk supported by the financial safeguards system Link on risk Let's look at their performance bonds and Guaranty Funds for the past few years... [link to quarterly reports](http://investor.cmegroup.com/quarterly-results). + +https://preview.redd.it/fctblvd0o2l81.png?width=794&format=png&auto=webp&s=fc28fa9709d5e6cc3cc0a5cb6c62210d94b884f4 + +**What are performance bonds?**Performance bond requirements are good-faith deposits to mitigate non-financial performance on open positions, acting as an ex-ante risk-based tool to cover potential future exposures. Through CME CORE, a web-based tool, CME Clearing offers full transparency to market participants by giving them the ability to calculate and evaluate performance bond requirements for all products cleared by CME Clearing. CME Clearing permits Clearing Members to deposit performance bonds sufficient to cover their net exposures for their proprietary positions. CME Clearing calculates performance bond requirements for each customer, collecting gross performance bond for the aggregate cleared swap customer account and customer segregated account, for exchange-traded derivatives. What happens if a defaulting member's position is worse than the balance of performance bonds & guarantee funds? + +https://preview.redd.it/fepkbct2o2l81.png?width=899&format=png&auto=webp&s=1b710fc95c7078b226bc9bb4d50a3ec2c3233ca3 + +&#x200B; + +* **FUTURES CYCLE/ROLLOVER WINDOWS** + +[Something happened that changed the quarterly waves in Q3 2021](https://preview.redd.it/huri67o9o2l81.png?width=1642&format=png&auto=webp&s=1d002d418611694c9c96c66446dcf8f11de869ec) + +Above is a graphical representation of the first 3 future cycles of 2021. As you can see there is significant movement in the first 2 cycles, and we have only seen a fraction of upward momentum since those timeframes. I propose that during the third cycle there was less buying to cover the underlying position because a holder/holders of the position had defaulted. + +&#x200B; + +* **TRANSFER OF A DEFAULTING MEMBERS POSITION** + +On August 11th the CFTC sent a letter to Mr Chris Kirkpartrick of the CME regarding the implementation of a proposed amendment on the **Transfer of Trades and Customer Accounts rules**. + +This amendment discusses a new provision for a clearing member who wishes to manage the liquidation and hedging of a defaulting customer. This clearing member has the contractual right to transfer the position. These amendments were effective at the beginning of the August rollover window (**August 26th 2021**) [LINK](https://www.cftc.gov/sites/default/files/filings/orgrules/21/08/rule081121cmedcm001.pdf) + +https://preview.redd.it/t5q83vsbo2l81.png?width=1013&format=png&auto=webp&s=e1df05988094d805bdf23395c55582b6d7d3ae48 + +What are the core principles of this amendment.... + +https://preview.redd.it/2os3u4odo2l81.png?width=1009&format=png&auto=webp&s=47927d26e0989718b6c0b9a86fa830adb512ed71 + +* **WHAT ARE FORWARDS?** + +A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging. + +https://preview.redd.it/gcsmq9rjo2l81.png?width=1320&format=png&auto=webp&s=8e2f687193d03d9e1877d4b7b675c40cbe1d07a7 + +I propose that it is possible that a significant portion of Memestock positions were held in Forward Contracts. I believe as forwards are unregulated, and privately negotiated it would be a great way to keep your exposure hidden. We also saw that the exchange was at risk due to counter-party defaults, and the Exchange required permission from the Commodity Futures Trading Commission to move the position. + +&#x200B; + +* **SUPPORTING EVIDENCE (NEW) \*\*\*\*Part that is debunked\*\*\*\*** + + +If there was a risky position that was moved from a counter-party to the exchange we should see some evidence of this transfer.... + +**Earnings Reports for CME Group Q2-Q4** [link](http://investor.cmegroup.com/events-and-presentations) + +&#x200B; + +[Quarter 2-4 Earnings reports for CME Group](https://preview.redd.it/f50mrn7qn2l81.png?width=1032&format=png&auto=webp&s=b74ad6ea95086ab32891cdf8ff32e70cd819110a) + +&#x200B; + +https://preview.redd.it/5otgdeisn2l81.png?width=1125&format=png&auto=webp&s=44296e29c1046d66d31cdb2b181bb684742fdfba + +Based on the evidence provided the CFTC approved a position to be moved that could have threatened the exchange with significant losses. The transfer of the position occurred during Q3 of 2021. The rule to allow CME to move the position from a defaulting counter-party was passed the day prior to our expected August roll-over window. Additionally, you can see CME group opted to hold a significant unrealized loss than have the position close. This rule change is irregular, was not made without reason, and the timing of the change was of no coincidence. + + +&#x200B; + +**Selling of CME Stock. (Not debunked)** + +I was also looking if there may have been any other smoking guns regarding the risky position that CME group may be holding. It would look like just after the rule was approved, there was a bunch of sell pressure on CME stock. + +https://preview.redd.it/e1f8o56xo2l81.png?width=1756&format=png&auto=webp&s=accbe4590479d2848fa23fff23d5a4666e49e73c + +On August 18th 2021, there was a leak of a proposed takeover bid by CME to acquire CBOE (Chicago Board Options Exchange) for $16 Billion Dollars. The take-over would have been bullish news for the company and should have seen the value of its stock rise. What we actually saw was the price dropped by $7.2 Dollars per share or down 4.2%. We also saw a volume of 6,047,100 which was 7 Standard Deviations from the yearly volume mean (μ=1392478, σ=647070). On that day CME also denied any such rumours. + +>CME Group denies all rumours that it is in conversations to acquire Cboe Global Markets. The company has not had any discussions with Cboe whatsoever “While the company does not typically comment on rumours or speculation, today’s inaccurate information required correction.” - CME Group in a statement on 18 August. + +I propose, that the rumour was released to help drive buy volume while investors sold off stock in the exchange. + +&#x200B; + +* **CONCLUSION** +* We can confirm that in August of last year the CFTC granted CME group to move a position that put them at risk +* After the position was moved we noticed a significant change in the Exchanges unrealized losses. +* We noticed a fundamental change from the quarterly run-ups prior to August 26th and after August 26th 2021. + +&#x200B; + +**Critical thinking questions** + +\-What could have happened in Q3 that would warrant the CFTC allowing CME to move this position? + +\-Why would the CME group rather hold a $450 Million dollar position rather than close a position when they have a $140 Billion safety net of Collateral? + +**EDIT .** Including some of my past DDs + +[Bank of America Quarterly Update. Morgan Stanley has entered the chat](https://www.reddit.com/r/Superstonk/comments/qm9tnr/bank_of_america_quarterly_update_morgan_stanley/) + +[Bank of America Is Short GME And Is Positioned For A Potential Bankruptcy (semi debunked post from last night)](https://www.reddit.com/r/Superstonk/comments/oxz8kg/bank_of_america_is_short_gme_and_is_positioned/) + +[The Complete Bank of America Gamestop DD](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) + +[Popcorn stock Delayed Memestock Endgame With Their June Share Offering.](https://www.reddit.com/user/gfountyyc/comments/p3eo1f/popcorn_stock_delayed_memestock_endgame_with/) + +&#x200B; +I live in Japan. Right now the yen is really weak, so you’d think things would be really expensive. But they’re not. There’s been minimal inflation. + +Meanwhile, over in the US the dollar is super strong right now. Which should make things cheaper… but they’re not. There’s massive inflation. + +These two forces are literally reinforcing each other and making prices completely out of sync between countries. Before in Jan 2020 a Big Mac was $4.82 in the US and 390¥ / $3.55 in Japan. Now a Big Mac is $5.15 in the US (7% inflation) and still 390¥ in Japan (0% inflation), but converted to USD, now only $2.83 because of the weak yen. + +Why is inflation and currency value both pushing in the same direction rather than cancelling each other out? +Ended up watching Big Short and Inside Job- still found myself clueless; Because the same terms like Mortgage Backed Securities, CDOs and CDS have been used everywhere, without any oversimplification at all. I’d appreciate if anyone can provide the gist of what really happened, without using much of financial jargons. + +(What all I know about GFC: I know that the banks started lending out loans to sub prime borrowers (people with not much credit worthiness), and those people started buying homes with that loaned money. The demand for homes shot up, thus resulting in an increased prices of the homes. Now the homes were also used a collateral by the banks in case the person ends up not paying their loan.) + +But now what? How did Credit Default Swaps, MBS and Collateralised Debt Obligations come into picture? +I live in El Salvador, proof of here: + +https://imgur.com/gallery/SmC1o9c (banana and mango for scale) + +So, what's going on right now in El Salvador? How did we get here? + +Since Nayib Bukele announced that Bitcoin will become legal tender in El Salvador, you guys preferred profits over people. Why? Well, Nayib Bukele used his popularity to trick everyone he is a "cool guy", willing to sacrify himself in the name of the people. But, yeah he is just a Trump-wannabe that uses people's ignorance to stay popular. For example, he is blaming George Soros for pretty much eveything: + +https://imgur.com/gallery/XGD0o9P + +Yeah, everything: https://imgur.com/gallery/yRqyZV1 + +From accusing Human Rights Watch director ob being financed by George Soros: https://imgur.com/gallery/IyXFeBh + +To accuse journalists of being paid by Soros: + +https://imgur.com/gallery/1CscRa4 + +https://imgur.com/gallery/JXUDigc + + +And even accusing congressmen/congresswomen of being financed by Soros because they supported the Engel List (A list of corrupt politicians in Central America) + +https://imgur.com/gallery/XGD0o9P + +Bonus track: Nayib Bukele even tried to interfere in a local US election, by asking people not to vote for a Congresswoman: + +https://imgur.com/gallery/A9ytFTB + +You did it reddit, you are supporting a President who is using the same ultra right-wing tactics that Trump used. + +Now, what's going on right now in El Salvador? + +Darkness. No really, we are being left on the dark. The Parliament approved the Bitcoin Law in LESS than six hours, and it was done very late at night: + +https://diarioelsalvador.com/asamblea-cerca-de-aprobar-el-bitcoin-como-moneda-de-curso-legal/90324/ + +Some of our congressmen didn't even know what they were voting for, for real: + +https://www.elsalvador.com/noticias/nacional/diputado-reynaldo-cardoza-no-entiende-bitcoin-apoyo-salvadorenos/871633/2021/ + +However, passing the law wasn't enough, since our country is still recovering from the effects of the pandemic. How is the government funding the Bitcoin Law? By reducing the education, and health budget and using that money to built the Bitcoin infraestructure: + +https://www.laprensagrafica.com/elsalvador/Restan-fondos-a-Salud-Educacion-y-asignan-a-Ley-Bitcoin-20210830-0081.html + +(BTW I thought you guys were against reducing education budgets) + +How is that money being used? We don't know. All of the information regarding the construction of Chivo ATMs, purchasing Chivo ATMs, purchasing Bitcoins, and the USD $30 bonus is NOW classified information. There you have it, we don't know who was awarded the lucrative contracts to build and equipt the Chivo ATMs. + +That hasn't stopped Nayib Bukele of proudly making Bitcoin related announcements: + + +https://imgur.com/gallery/jidE0oI + + +https://imgur.com/gallery/p26xqnl + + +https://imgur.com/gallery/RdYxP1f + + +https://imgur.com/gallery/ZtNqni5 (For real, no one knows about the costs of construction) + +People are against using Bitcoin as legal tender. They don't care if someone trades Bitcoin/Ethereum/Ada/Shiba/Solana, the people living in El Salvador don't want is as a legal tender. We already went through this with the Dollar, it was utter chaos. Protests are starting to gather more and more attention: + + +https://imgur.com/gallery/Fs9Z9G9 + + +https://imgur.com/gallery/3xtJutO + + +https://imgur.com/gallery/HxpJKWR + + +https://imgur.com/gallery/tlHMgUO + +Trust me, people here are not prepared to use Wallets or trade Bitcoins. You really don't know the situation in El Salvador, where people can take pictures with a smartphone or upload videos but don't know what an email is or how to reply to one. Even worst, old people cannot even understand what a password is. If you think that we "need to educate people about Wallets and Cryptocurrencies because it is the future", well come here and teach Salvadorans from rural areas about how to use a Wallet. Purchase a plane ticket and go to places like Cacaopera, Sesori, Chirilagua, San Alejo, Conchagua, and teach people about 2FA and Wallets. + +Don't get me wrong, I am not against Cryptocurrencies. I have in my portfolio BTC, SOL, DODGE, ADA, ETH, and even DOT. I tried teaching people about Wallets, its uses and how easy is to send money across the country or the world. It is not an easy task, and it requires at least two years of educating people. + +Finally, I was banned from /r/BTC for saying that people here in El Salvador will be forced to use BITCOIN. This morning, the government announced through a its legal advisor that we are obligated to accept payments in Bitcoins: + +https://imgur.com/gallery/84TrO9p + +Edit 1: I was banned from the /r/Bitcoin I apologize for the confusion + +Update 1: Chivo Wallet is down. The Chivo Wallet app is not available in the App Store. It isnt in the Play Store either. Some people could download the app, but it crashed. President Bukele is asking patience. Also, the Chivo ATMs cannot be used. I drove to La Gran Via and currently is unavailable. By the way if you were planning a trip to El Salvador and withdraw some cash, you must transfer your Bitcoins to the Chivo Wallet first. +**SUBX Finance Lab** (SFX) is a blockchain-as-a-service provider for businesses to integrate web3 technologies into their products and services. Registered in Singapore, the company also is affiliated with an award-winning web development firm. + + +Their products empower businesses to innovate with blockchain, metaverse and decentralized finance technology - in a simple, fast, and cost-efficient manner. Usage of their products is billable in their native SUBX Finance Lab Tokens ($SFX). + + On the 20th of November, they will be launching a presale of their token ($SFX) which can be purchased via BNB. + + + +**Here are 4 reasons why you should not miss out on their presale!** ✨ + +**1.** **SUBX Finance Lab is a fast-growing company** 🏎️ + +SUBX Finance Lab is a rapid-growing company that has proven experience in the field of blockchain integration. They have served more than 100+ businesses since May this year. This means they have a legitimate system for expansion and development. + + +**2.** **SFX Products are billable in their token ($SFX)** 💪 + +Businesses purchase their products via $SFX. Meaning all their transactions and purchases will use $SFX, making $SFX always in demand. + + +**3.** **The team is doxxed, the contract used for $SFX is pre-audited by Certik & Hacken** 🚀 + +The team has chosen to do a KYC with SolidProof, a company that specializes in auditing smart contracts and detecting vulnerabilities in blockchain projects using manual and automated tests. In addition, the contract that $SFX is based on is pre-audited by both Certik & Hacken to ensure the security of the SFX token. + + +**4. Institutional investors** 🤩 + +The team has also onboarded institutional investors to back the project to achieve greater heights. + +&#x200B; + + +**How do I participate?** + +The **SFX presale** will happen on **20 November** this month with a hard cap of 2,800 BNB. + +The **countdown is on their website**, don’t forget to **add it to your calendar**. + + +**For more questions, please join their telegram and discord. The team is very transparent and communicative!** + + + +**Website:** [https://link.subx.finance/reddit](https://link.subx.finance/reddit) + +**Whitepaper**: [https://subx.finance/wp](https://subx.finance/wp) + +**Twitter**: [https://twitter.com/officialsubx](https://twitter.com/officialsubx) + +**Telegram**: [https://t.me/subxofficial](https://t.me/subxofficial) + +**Discord:** [http://discord.gg/subx](http://discord.gg/subx) +The shares plummeted as low as 271p within the first 20 minutes of trading, according to Refinitiv data. + +The company had on Tuesday set its opening share price at the bottom of its target range at 390p, citing choppy market conditions and following a backlash from some large British investors over corporate governance. The initial public offering had given Deliveroo an opening valuation of around £7.6bn, the highest in London since resources group Glencore’s 2011 IPO, according to Dealogic data. + +Deliveroo sold shares worth £1.5bn in the offering, raising gross proceeds of around £1bn for the company to invest in new growth initiatives such as its Editions network of delivery kitchens, while existing investors will cash in to the tune of £500m. + +https://www.ft.com/content/5028437e-accf-4624-8ecd-2b502d04743d +Bit of background, i’m 40, my house is paid off, i work full time and have no kids. The issue is I gamble a lot, maybe 60% of my wages and am worried if I don’t have a plan I will squander it all. + +I’m probably going to spend £10k on a used car and decorating a few rooms. I fear having access to 75k will be bad for me. Is there anything not high risk I can do with the money that I can’t have quick access to? + +I have bad credit so can’t invest it in a rental property. + +I have been going to Gamblers Anonymous so am trying, just wanting to safeguard the money before it hits my bank. Thank In Advance. +I've been thinking a lot since last night. Cause some shit is just not adding up. + +For months I've sat here and lauded options, I've tried to point out how they apply massive pressure to the options writers (market makers), Authorized ETF Participants, Volatility Swaps, and ultimately those short GameStop. + +I have spent countless hours explaining how January presents an opportunity for retail to use these leveraged positions to apply pressure to theses entities at a time when they are weakest and their positions are most exposed. + +I've stood my ground in the face of the massive FUD campaign thrown at u/criand, u/leenixus, u/Turdfurg23, u/zinko83, u/bobsmith808, myself, and many others, these last several months. My viewers/followers and I have been called shills, pickle lickers, anti-drs, simps, and liars. I have had my discord, YouTube, and reddit posts repeatedly taken out of context for what I can only describe as "hit pieces" here on this sub. Yet, I held firm to my thesis because I believed in it. + +I've taken down my "monetized links" and stopped sharing links to my DD to stop "brigading" because my posts got too many upvotes, I've sat by while hours of research were flaired as "possible DD" and "technical analysis" in an effort to discredit it, because a small vocal group of people pushed very hard for the mod team to do so (hard enough that they couldn't be ignored). But, I kept posting, because I wanted as many people to know as would listen. + +I have been posting on this sub since the day Warden walked away for "school stuff: and long before the drama that later ensued. I had not done anything different than I had done for the previous eight months, besides post a DD about options... + +Last night GME ran up $45 dollars at it's peak on the back of 890k volume in after-hours, for what I can only describe as **absolutely no fucking reason**. + +* XRT begins it's threshold process today, not last night. +* GameStop didn't release any press statements, whatsoever. +* FTDs are still minimal till next week. +* The "news" articles that came out last night didn't tell anybody anything they didn't already know. + +**So, I have to sit here and ask myself, Why?** + +Why go to the effort of such a massive cover-up, why burn $112 million dollars worth of puts bought in the last week to stabilize price while low volume FTDs were covered? + +**Because the other day** [**this video came out**](https://www.reddit.com/r/Superstonk/comments/rww52i/wall_street_veteran_charles_gradante_calls_out/)**, confirming what Thomas Peterffy had said** [**earlier this year**](https://gmedd.com/opinion/interactive-brokers-gme-was-headed-to-the-thousands/)**, and suddenly vindicating my DD and thesis on retails power through options.** + +All of this at a time when GameStop's price is lower then it had been all year and options were cheap. + +So what really changed? Why did they shift their tactics so rapidly? + +# People started buying options + +https://preview.redd.it/j1wfpsf3taa81.png?width=922&format=png&auto=webp&s=00761419d612cfd02afd7cfb2a0e954a7f36e208 + +Not the 0-DTE or cheap weekly shit retail normally buys, far dated ATM and Slightly OTM calls, **the ones with the good delta**, the one's that put massive pressure on their long-term synthetic hedging strategy. Even the degenerate gambler's at the sub-that-shall-not-be-named started FOMO'ing yesterday. + +So their response is simple, it is direct, and it is effective. + +# They are pricing retail out, they are gonna pump IV enough on the back of their fake media epiphany, to turn off the buy button one more time, pricing retail out of those exact far-dated calls that put the most pressure on them. + +Worse yet put pressure on GameStop to announce something to correct their false narrative. + +They are exposed, cornered, and desperate. u/yelyah2 is already showing an increase in Delta Sensitivity again, the last time it spiked they shorted an entire sector... + +&#x200B; + +I've always viewed MOASS as self-fulfilling, if retail wanted it badly enough they could take it. + +To me, this entire movement has been a strategic cornering of an overexposed short position. + +Well, here they are making mistakes, taking risks, cornered, desperate. + +**Are you going to let them catch their breath?** + +&#x200B; + +\- Gherkinit 🦍❤️ + +https://preview.redd.it/n772nn0bw9a81.png?width=2280&format=png&auto=webp&s=af3d3ce8528b04332935c326c135f4f444b06556 + +**Disclaimer** + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Before I get into it, I want to make the point that this is a sincere question. Not making any moral judgements here just want to discuss the facts. + +&#x200B; + +The origin of this question came about the other day when I was thinking about what effect Covid deaths would have on the economy and whether or not they could actually be a net positive for the economy. As we know, Covid deaths have disproportionately occurred in older people and those with underlying conditions and these people are also more likely to be out of the workforce. They are either retired or can't work because of health problems. From an economic standpoint these people are mostly net consumers - that is they consume more economic resources than they produce. So, it would seem that removing some of these people from the economy would be a net positive. Think about it - the labor pool would remain about the same and the economy would be able to produce the same amount of goods and services, but the goods and services these people were consuming would be re-distributed to the remaining actors in the economy. Furthermore, the assets these people had (retirement accounts, houses, vehicles, etc.) would also be re-distributed thereby increasing per capita wealth. + +&#x200B; + +I would like to hear others opinions on this idea. Does this all make sense or am I missing something? One thing I did ignore was costs associated with deaths - things like funerals, burials, cremations, medical costs, estate/legal costs, "emotional/social" costs (hard to quantify). These things do consume economic resources, but I would be surprised if these outweigh the dynamics of resource/wealth re-distribution outlined above. + +&#x200B; + +All of the above leads me to the conclusion that 2 sectors (healthcare and automation) are poised to become an ever larger proportion of the economy as people live longer and the percentage of people in the labor pool continues to shrink (this isn't really a new idea I admit). Could be super profitable to invest in companies that overlap both sectors (maybe companies that make surgical robots or something?) +*Disclaimer: I am not a financial advisor. This entire post represents my personal views and opinions, and should not be taken as financial advice (or advice of any kind whatsoever). I encourage you to do your own research, take anything I write with a grain of salt, and hold me accountable for any mistakes you may catch. Also, full disclosure, I hold a net long position in GME, but my cost basis is very low, and I'm using money I can absolutely lose. My capital at risk and tolerance for risk generally is likely substantially different than yours.* + +Before I get into Monday's action, a couple of things: + +I wanted to first give a shout out to /u/piddlesthethug for capturing [this screenshot](https://imgur.com/gallery/RI1WOuu), which shows that moment in time I referenced in my [third Gamestop post](https://www.reddit.com/r/investing/comments/l7qlfh/gamestop_big_picture_the_short_singularity_pt_3/), where some poor soul got sniped while sweeping the 29 January 115 calls. I added it into the post with an edit, but my guess is most who read the post a while back would have missed it. I guess my mental math in the moment was off as you can see from the image that the cost was actually just shy of $500k rather than $440k as I wrote in the post. Brutal. + +People have also asked me where I stand on this trade. I was lucky to get in early, trade some momentum, and retain a sizeable core holding (relative to my play account). As I've mentioned some comments, my core holding, which I will hold until this saga plays itself out, would buy me a new car, all cash. Though after today I'd have to downgrade from a lower end Lexus to a Corolla lol. + +Alright, so, today's action. + +I have to admit that I was just glancing at the chart between writing emails, working on excel spreadsheets, conference calls, and meetings. Whenever I could, I was listening to CNBC in the background, and taking a closer look whenever I heard anything that might move sentiment, or theoretically telegraph an attack as had happened so many times last week. + +In my opinion the price action played out almost by-the-numbers according to a squeeze campaign strategy as I laid out in my previous post. I want to be clear, however, that while it was consistent with what I laid out (liquidity drying up, trying to skirmish at lower and lower price points), you could reasonably interpret it other ways. As I mentioned in at least one comment, seeing things play out in a manner consistent with your expectations is by no means positive confirmation that your thesis is correct. It just happens to be consistent with the evidence you have so far. Always keep that in mind. + +I tried responding to a few comments and questions in realtime as I got notifications on my phone. Just as a heads up, I won't always be able to do so, and it seems like there were a number of knowledgeable people commenting in realtime anyway. As I've said in comments on my previous posts, I am definitely not the smartest person in the room, so don't just take my word for it just because I'm the original poster. Please challenge anything I say if you feel I'm mistaken, and don't dismiss out of hand people who may have a different viewpoint. + +One thing I thought I noticed in early morning market hours action was that there was no sell order depth above the ticker price, which I interpret as a good sign. Downward pushes into fairly good volume got sucked back up largely in a low-volume vacuum. The most extreme example of this was the first push right at market open. Tons of volume to push the price down, then a tiny fraction of volume as price got sucked back up. This means very little continued panicking and bailing due to the aggressive push, resulting in gaps to the upside on the follow-on buying. There were messages and comments from people concerned that low price would let the short side cover, but, as I explained, low price doesn't help the short side unless they can buy at that low price in meaningful volume. That sort of action where price gaps up as soon as buying (whether by shorts or longs) is driving price tells you that there isn't much meaningful volume to be had at the lower prices. From a higher level view, volume through the day dropped as price dropped, and that seems to have remained consistently true throughout the day. + +There was some very strange after-market volume. No idea what that may have been, other than maybe hedge unwinding as T+2 contract settlement outcomes were determined. It seemed, at least to me, to be too much volume in too dense a time window to be retailers bailing out of their accounts en mass. It would make no sense to do so into the vacuum of after hours anyway rather than the firmer price support of market hours. + +I got messages that I was both a short side hedge fund shill and a long side pump and dump fraudster trying to somehow take peoples' money. My sentiment analysis KPIs thus indicate I'm likely striking a healthy balance (lol). + +# The Game (Theory) + +Ok, but seriously, is this situation a pump and dump? + +Possibly. + +I say possibly because, as I stated in a comment, a failed squeeze campaign is effectively identical to a pump and dump in that the only thing that happens is capital is transferred mostly from people who got in later to people who got in earlier. Even worse, in aggregate a good amount of capital may end up being transferred from the campaigners to the short side. Not that it was necessarily intended to be that way from the start--it's just what ends up happening if the campaign fails. + +Ok, so failure aside, what are the dynamics of the trade? What kind of game is this? + +In simplified terms, I'd describe a squeeze campaign where the short side doubles down as a modified [dollar auction](https://en.wikipedia.org/wiki/Dollar_auction) where the winning side also takes the losing side's bid money. In other words, at an aggregate level, it's winner take all, go hard or go home, with all the excitement of market action in the middle. Note that I said in aggregate and with market action in the middle, as that basically means even the winning side will have individuals who lose possibly everything if they get washed out before the end. As I mentioned in some comments where I urged people to consider taking profits if they needed the money, this is going to be a white-knuckle trade to the very end. + +# Power + +For most of our lives, most of the time, the saying that 'information is power' and the closely related 'knowledge is power' are abstract, philosophical truisms that people say to try to sound cool and edgy. More tangible and relevant to our daily lives might be 'money is power', or, for the least fortunate, the threat and reality of physical force. + +Today, for many in the GME trade, that previously abstract philosophical truism gained intense and urgent relevance. What is current SI? Can you trust numbers from S3? What about Ortex? Are there counterfeit shares in play? What is the significance of Failures to Deliver? Can the short side cover their position off the exchange? etc. etc. + +Being in this situation, if nothing else, has lifted the veil for many people. The right information, in the right circumstances, is incredibly powerful. It outlines in stark contrast the power dynamics of information asymmetry. + +If you want to exercise more agency in your future as a trader and investor, you have to make a habit of cultivating your critical thinking skills and ensuring you have diverse and often divergent sources of information. Do not let yourself be trapped in an information bubble where you can be easily manipulated. Most of all, try to avoid developing a [siege mentality](https://en.wikipedia.org/wiki/Siege_mentality) at all costs. If nothing else, in my opinion, it's critical for your long-term financial success. + +I don't know the answer to those questions definitively, and my purpose in creating this account and posting is absolutely not to get people to listen and necessarily believe everything I write. In fact, it would make me happier if I see people use some of the tools, techniques, and concepts I've tried to introduce to challenge some of my thinking. Catching my mistakes helps me. Doing it in the open for all to read helps everyone. + +# Faith, Conviction, Calculated Risk + +Many people trade and invest according to wildly divergent strategies. + +Some people, including those that most Wall Street types consider to be 'responsible' investors, invest on blind faith. You put your capital is someone else's hands (hopefully a qualified fiduciary), and trust that they will do a good job. The only judgment you exercise really is in choosing the person(s) in which to place your faith. This is not entirely unlike what many WSBettors are doing with respect to DFV. I do this with my retirement accounts, though lately I've been considering transferring about half my retirement capital to a self-directed IRA. + +Others trade on conviction. They have, for whatever reason, a very strong belief in an investment thesis that they are willing to put to the test by putting capital at risk, and are willing to lean into the thesis through unfavorable price action so long as no disconfirming evidence comes to light. I consider value investors to fall into this category. + +Others are momentum traders and 'technical analysts', who are trying to read the market data to look for asymmetrical calculated risk opportunity. These opportunities need not necessarily be tied to any particular underlying fundamental investment thesis. All that matters is whether you win on a sufficiently frequent basis and carefully manage your downside risk. + +I think it's healthy to try to gain an understanding of all three approaches. I personally also find it necessary to be careful if you find yourself switching between those approaches mid-trade. I.e., if you started in the GME trade on faith, it may be deeply disturbing if you find yourself in the no-man's land between faith and conviction, where you have learned enough to understand more of the risks in the trade, but not enough to understand the underlying investment thesis of how it could play out. I'm not saying you shouldn't try to make that transition--just try to maintain self awareness if you choose to do so to avoid making any rash decisions. + +# Swimming In The Deep + +So, the consistent #1 question I always get: what happens next? My consistent answer, which I know frustrates everyone, is I don't know, and no one else does either. + +One person in the comments made an astute observation that perhaps the truth, which some may find disturbing, is that our fate really lies in the hands of the whales on the long side rather than retail being in the driver's seat. This may very well be true. I would give it better than even odds at this point. In fact, even if retail collectively represents more shares in this trade, retail is not a well-organized, monolithic entity, and therefore would have more difficulty playing a decisive role at critical times. + +Another question I got, which was a very good one to be asking, is what evidence do we have that there really are whales on the long side? For me, there have been critical actions over the past few days that I would have found to be highly unlikely to be achievable by retail investors, such as the sustained HFT duel into the close on Friday. That was very consistent, relatively well controlled, and sustained push on volume of 6-7mio shares traded in the $250 - $330/share price range. Oversimplified math would peg that at just shy of $2bn in capital flow. That is not retail--particularly with so many retail brokerages restricting trading at that time. The 17mio shares sold into the aftermarket action consistent with a squeeze (and Ortex reported reduction in short interest) is also definitely not retail. Others have pointed out massive action in the options today. Tons of block purchases in the millions of dollars and high 6 figures. Not retail. + +All of that being said, does that really change very much? Even if you consider yourself to be part of a movement, and have genuine feelings of solidarity with your retail fellows (I do, which is why I'm writing these posts and holding that core position), in the end you are trading as an individual. This is a point that I have made repeatedly. In the end, you need to know yourself, know your trade, and have a plan. Your plan may conceivably be to follow someone else (I know many are following DFV to whatever the end may be), but in the end even that is still your plan as an individual. + +If my thesis is correct we will continue to see lower trade volumes, and price grinding down to a floor of harder support, possibly even at the retail line of support (\~$148/$150) I outlined in a prior post. There may also be some price dislocation tomorrow depending on options contract T+2 settlement impact. I don't know enough about what to expect there. If the squeeze is to happen, unless RH lifting restrictions or people transferring their accounts causes a surge of retail momentum, it will happen after that type of price movement continues for a while (maybe days, maybe longer), until sufficient liquid float has been locked up. + +Right now options action is heavily weighted to puts, so any market maker hedging activity will put more pressure on price. + +If the squeeze fails to happen there won't be a siren, ringing of a bell, or anything like that. It might happen gradually and non-obviously until suddenly, as only the market seems to be able to do, it becomes obvious that whoever's still there has been left holding the bag. Hopefully this isn't the case, but if it is I'll be right there with what at that point may only buy me a razor scooter rather than a car lol. + +If it succeeds, it should be fairly obvious. Just don't forget to ring the register! + +Either way, this is market history in the making. As I said in a previous comment, when you ride the rocket, it's definitely not going to be smooth--but it might just be awesome. + +Apologies for the lengthy post again. Good luck in the market! +Hello I’m currently mowing lawns and doing seed eating and I blow off driveways with a leaf blower after the job is done.... I charge 15$ for a front yard and 24.99$ for front and back. I’ve gotten a repeat customer that requests a weekly front yard mow every week and have gotten some single time requests from other people and I’ve gotten 140$ all together in total. Financial experts of reddit please tell me what I should do with my money. Savings? Investments? Tell me. + +Edit: this post really blew up I really appreciate all of your all’s insight into the business and I’m going to be making some better decisions +And whoever awarded the rocket, ThAnKs FoR tHe GoLd kInD sTrAnGeR. :) + +Edit 2: holy shit you all blew 200 upvotes out of the fucking water. I’m genuinely happy about how supportive and genuine this community is thank you guys. + +Edit 3: not even an hour after edit 2 we got to 4000 upvotes what the hell happened +Just want to vent as I got no one to talk about this. + +26yo on 70k salary with 34k in savings. I am only able to get a loan for 375k. + +Just finished speaking to the bank and after increasing my savings by 10k my borrowing power only went up by 15k. Was expecting to be able to borrow around 420 - 430k. +I am just disappointed because I got my hopes up. I worked hard to save up all that money and made a lot of sacrifices. + +I guess I will just buy an apartment rather than a house. It is what it is unfortunately. + +Thank you for listening. +[https://www.moneycontrol.com/news/business/companies/ril-says-jio-deals-and-right-issue-have-made-it-net-debt-free-well-ahead-of-march-2021-target-5426421.html](https://www.moneycontrol.com/news/business/companies/ril-says-jio-deals-and-right-issue-have-made-it-net-debt-free-well-ahead-of-march-2021-target-5426421.html) + + + +>[Reliance Industries Limited](https://www.moneycontrol.com/india/stockpricequote/refineries/relianceindustries/RI) (RIL) said the record investments it received from some of the world’s top financial investors that wanted to grab a piece of its digital unit Jio Platforms and a mega share sale helped it become net debt free well ahead of its March 2021 target. +> +>RIL raised more than Rs 168,818 crore in just 58 days through Rs 115,693.95 crore collected from investors in Jio  and another Rs 53,124.20 crore from a rights issue. Along with the stake sale to BP in the petro-retail JV, the total fund raise is in excess of ₹ 1.75 lakh crore, the company said in a statement. + +&#x200B; + +>**"Our net-debt was Rs 161,035 crore, as on March 31, 2020. With these investments, RIL has become net debt-free."** +> +>**“Today I am both delighted and humbled to announce that we have fulfilled our promise to the shareholders by making Reliance net debt-free much before our original schedule of 31st March 2021," said Mukesh Ambani, chairman and managing director of RIL.** +> +>**"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance. Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them, in fulfilment of the vision of our Founder, Dhirubhai Ambani, to consistently increase our contribution to India’s prosperity and inclusive development.”** +What's the minimum I need for my emergency fund? I think 6 months of spending is too much. + +I'm not in a position that I can be dismissed from work, just like that. Anyway, to be dismissed from my work, they need to warn me at least 60 days before. So, that's 2 months' income. + +I save and invest around 50% of my income. + +So, with 2 months' income, I already have 4 months of spending saved. Therefore, I only need 2 months of spending saved in my emergency fund, which equals 1 month's income. + +My car has insurance. I have health insurance. My house has insurance. I have a perfectly fine smartphone and computer. Besides these 2 months of spending saved, what emergency could possibly happen that I'd need more money? (If, for some unknown reason, I need more capital in an emergency, I can always use a credit card and pay off 100% in the next month, considering that I save around 50% of my income). + +I just want to maximize my ETF's investments without having money doing nothing or earning 0.1% in treasury bills or something. + +Thanks for helping. +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME up 8.89% on the day on no news, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good one this weekend and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ + +Edit: grammar of a word (thanks u/boopui) + +Edit 2: I see some posts about [why GME is up due to the main media](https://investorplace.com/2021/11/gme-stock-is-rising-because-constitutiondao-lost-its-bid-to-ken-griffin/). Seriously: Can we count this nonsense as an article? +I was listening to economist Thomas Sowell (who is African American himself), who claims that black poverty in the U.S. fell by 40% from 1940 to 1960, but this drop began slowing after Lyndon Johnson unveiled his Great Society program in the 60s, and poverty rates have remained relatively constant since then. + +Sowell claims welfare programs increased single-parent households among blacks in the U.S., which in turn led to increased poverty and impeded black progress in America. + +Are welfare programs and single parent households indeed to blame for poverty? Or are there other factors that he is overlooking? +I have spent the majority of my life severely depressed, and I'd say I've let this illness ruin my life. That's not the point of this post though; I am somehow now in a ok job for a few years and am for the first time trying to take care of my self. + +Some info: + +\- Earning 42k a year in Germany, around 30k after tax. It is extremely unlikely I will ever earn much more than this. I have never earnt this much. + +\- I have no savings, no emergency fund. I recently moved which drained the majority of my cash so I'm extra low now, but in general nothing. + +\- No investments/private pensions + +\- Around 11k Student debt at around 150eur a month. 2k credit card debt. + +\- No children, very unlikely I ever will. I have a cat that costs me around 200 euros a month all inclusive that I'd like to keep as my companion. + +\- No investing/financial literarcy beyond using basic budgeting software. + +\- No driving license. I'd like to get this and this will be a significant expense for me in the next few years. + +\- Around 5k (if lucky) in music + photo assets I've collected up over the last 15 years. + +My first step is to get together around 6months cash emergency, then plan to put whatever hundred euros a month I can into some ETF funds. My question is: is it even worth me trying to invest/build a portfolio? I don't expect to ever have any real estate, real money, or retire really. I can expect no inheritance/family help. When trying to make a plan I get so intimidated by my peers with several thousand in savings and investments, and feel it's too late. + +I'd appreciate some advice from anyone a bit more literate to me, whether it's worth spending the rest of my working life with almost no entertainment/life budget desperately trying to catch up. I already know I've ruined my life, am a failure, should have done everything differently, so I'd ask those keen to remind me of this to refrain. + +Many thanks for any direction/advice offered. +Posting for some motivation and advice. My fatfire ambitions need to be paused. + +Work at FAANG. Been here for just over 1 year. I am actually glad that they let me go. I have been frequently burnt out, horrible team, and had the worst year in my life so far. Really worried about my career, family and ability to fatfire, since high paying jobs are not that easy to come by. + +Fortunately my wife makes 260K per year, but we live in a VHCOL with 2 kids, we cannot afford our lifestyle, mortgage etc.. with one salary. + +Edit: sudden lifestyle inflation big house recently, kids at private schools. + +I am getting 70K worth of severance. Not worried about supporting our family in the short term since we have enough savings. + +I am thinking of talking 4 months off to recharge and get my health back. However, I am worried about employability since it’s a red flag to leave FAANG in one year when everyone else want to get there, my resume is filled with <18 month stints. I thought I would stay at FAANG for a long time but it did not work out. +Any advice welcome. + + +most employees treat their people like garbage, total trash. i remember we just accepted it until recently. i am sure it has to do with the generous unemployment money this year and the eviction laws. i am worried one year from now, when all of the protections are lifted, it will kinda go back to before. its just crazy the usa needed a pandemic to have a few protections, too bad its temporary, i am hoping people can hold on to this battle , dont let the bastards abuse again please +Well hot damn... + +Interesting find when it comes to dividend-paying stocks and short sellers. Turns out one of the best ways to punish a short seller is to issue a dividend through cash or stonk.... + +Why you may ask? + +Because the short seller is now responsible to pay the dividend to the person they borrowed the share from.... Not only does this apply to cash dividends, but stock dividends as well. When a short seller borrows the stock from a lender, the lender still owns that share. So when a company starts declaring a dividend, guess who's on the hook ...yup..... + +The short seller is already making payments based on the borrow rate for the security. Now they've got to find even more cash to make payments to the share lender in lieu of the dividend.... f\*cking ouch. + +&#x200B; + +https://preview.redd.it/n1y76mdaitq81.png?width=640&format=png&auto=webp&s=5bd1db4ab0eb93f4a727731fb6e70dc71b914b3f + +The news of this event is super bullish for long term investors because it helps form a tighter relationship to the company. However, it's really effective in encouraging short sellers to close their positions when they are already being smashed by rising prices. + +From my understanding, these rules apply to both cash and stock dividends. While paying the borrow fee to hold the short position, the short seller will also have to pay the cash dividend, or make payments in lieu of the stock dividend. + +&#x200B; + +[https:\/\/finance.zacks.com\/avoid-short-sale-dividend-payment-8493.html](https://preview.redd.it/9k9xswpzitq81.png?width=684&format=png&auto=webp&s=3445e750baac347137b99438789d591f324cfcd8) + +&#x200B; + +So not only does this news generate hype for long term investors, Papa Cohen & friends also dropped a ticking time bomb on the short sellers' doorstep. + +https://preview.redd.it/ycz3hqfljtq81.png?width=657&format=png&auto=webp&s=fc29cb63b28c594003568b4cbd9a47ff2b055952 + +Who is eligible for the stock dividend? Basically anyone that buys stock before the declaration of the ex-dividend date. This is one of the main reasons why the stock price rises before the dividend is declared. If you're an existing shareholder, or purchase new shares before that date, you're in the money. + +However, this also butt f\*cks any short seller who shorted the stonks before that date. A stonk dividend is one of the best ways a company can force short sellers to.... + +https://preview.redd.it/mivj7s7nktq81.png?width=688&format=png&auto=webp&s=37c4d19236660a281a43704798d10c217f63f887 + +Close their positions.. + +Wanna know how stock splits and stock dividends are different? Splits don't affect short sellers- dividends do. + +&#x200B; + +https://preview.redd.it/4pmrrdk5ltq81.png?width=910&format=png&auto=webp&s=7ab9b38662ad13dda90ad883961461b000905d39 + +Yes, Ryan.... Yes they are. + +&#x200B; + +DIAMOND.F\*CKING.HANDS + +\#GMEtotheMOON +In a recent note to clients, strategists from JPMorgan (NYSE:JPM) suggested a one percent portfolio allocation to Bitcoin and other cryptocurrencies. + +As reported by Bloomberg, JPM strategists Joyce Chang and Amy Ho opined that Bitcoin could serve as a hedge against fluctuations from traditional assets like bonds, stocks, and commodities. However, they advised clients to allocate a small percentage due to the risk of major downturns in Bitcoin’s value. + +After setting a new all-time high above $58,000, the value of the digital asset slumped to less than $45,000 and has been struggling to recover ever since. + +Chang and Ho told investors: + +>*In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio.* + +Bitcoin has welcomed major investments from the likes of Paul Tudor Jones, Tesla (NASDAQ:TSLA), and MicroStrategy. The endorsement from JPM comes at a time when institutional players are rushing to accumulate the digital asset. As per Bloomberg’s report, America’s oldest bank BNY Mellon (NYSE:BK) has also announced plans to enable Bitcoin transactions for its clients. + +The strategists were quick to add that cryptocurrencies should be viewed as an investment vehicle and opposed to being funding currencies like the USD or EUR. This appears to be contrary to earlier statements from other JPM analysts that called cryptocurrencies the “poorest hedge for major drawdowns in equities.” + +[https://www.investing.com/news/cryptocurrency-news/jpmorgan-advises-clients-to-expose-1-of-their-portfolio-to-bitcoin-2431724](https://www.investing.com/news/cryptocurrency-news/jpmorgan-advises-clients-to-expose-1-of-their-portfolio-to-bitcoin-2431724) +Ok, I buy crypto and spend A lot of time on crypto Twitter and I notice they always talk about hyperinflation is coming and it's the end of the world, and compare it to the weimer republic. + +I want to ask someone that actually knows economics works because I see hyperinflation thrown around since January and I haven't seen anything crazy yet, I've seen prices increase but it's not like I'm spending $100 for a sack of potatoes. + +So is this hyperinflation a reality or do we not know? +I was reading the following article: + +[Priced out: Young professionals making $60,000 — even $120,000 — say they can no longer afford Toronto and will likely have to leave](https://www.thestar.com/business/2021/12/03/young-torontonians-cant-afford-to-live-here-any-more-we-spoke-to-three-to-find-out-where-their-money-goes-and-why-theyll-likely-have-to-leave.html) + +&#x200B; + +And it occurred to me that due these housing costs, most of the talent would leave Toronto and Vancouver and probably choose US because there aren't really other good options. This will in the long run hurt the production because of lack of talent and slow the economy. + +&#x200B; + +What do you think? +[https://twitter.com/kadhim/status/1593222595390107649](https://twitter.com/kadhim/status/1593222595390107649) + +Here is the Twitter Thread. + +Direct link to the declaration [https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf) + +I'll just copy paste what's in it since there's very little to add. + +&#x200B; + +* SBF to be investigated in the course of the bankruptcy +* Sam Bankman-Fried's hedge fund lent billions to... Sam Bankman-Fried (Paper Bird is his entity), so that's at least part of the answer of where the money went +* ~~FTX says the "fair value" of all the crypto (non stablecoins) that FTX international holds is a mere $659! (personal note: they do have 1$ bill in stable)~~ This was a mistake, my bad. Seems like the chart is in thousands of dollars, so they have 659,000$. +* "The FTX Group did not maintain centralized control of its cash. Cash management procedural failures included the absence of an accurate list of bank accounts and account signatories" +* This is mad stuff "I do not believe it appropriate for stakeholders or the Court to rely on the audited financial statements as a reliable indication" "The Debtors have been unable to prepare a complete list of who worked for the FTX Group as of the Petition Date" +* "In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors" + +\*edit\* [Here's Hsaka on the values that were loaned out from Alameda to themselves](https://twitter.com/HsakaTrades/status/1593242382941638657) + +* SBF: $1b +* Nishad Singh: $540m +* Ryan Salame: $55m + +My take - IT could be FTX just used Alameda as a cover story, quite possible these guys were not doing any trading and just stealing customer funds. Having Alameda was a good cover story for them to use the money. + +Also SBF is a sociopath. +Lots of people have PM'd me asking me the same questions on where to find information and how to put together their portfolio so I decided to put a guide for crypto investors, especially those who have only been in a few months and are still confused. + +Many people entered recently at a time when the market was rewarding the very worst type of investment behavior. Unfortunately there aren't many guides and a lot of people end up looking at things like Twitter or the trending Youtube crypto videos, which is dominated by "How to make $1,00,000 by daytrading crypto" and influencers like CryptoNick. + +So I'll try to put together a guide from what I've learned and some tips, on how to invest in this asset class. This is going to be Part 1, in another post later I'll post a systematic approach to valuation and picking individual assets. + +#Getting started: Tools and resources +--------------------------- + +You don't have to be a programmer or techie to invest in crypto, but you should first learn the basics of how it functions. I find that [this video by 3Blue1Brown is the best introduction to what a blockchain actually is and how it functions](https://www.youtube.com/watch?v=bBC-nXj3Ng4), because it explains it clearly and simply with visuals while not dumbing it down too much. If you want a more ELI5 version with cute cartoons, then [Upfolio](http://www.upfolio.com) has a nice beginner's intro to the blockchain concept and [quick descriptions of top 100 cryptocurrencies](https://www.upfolio.com/100-coins-explained). I also recommend simply going to Wikipedia and reading the blockchain and cryptocurrency page and clicking onto a few links in, read about POS vs POW...etc. Later on you'll need this information to understand why a specific use case may or may not benefit from a blockchain structure. Here is a [quick summary of the common terms](http://cryptocurrencyfacts.com/a-quick-guide-to-cryptocurrency-terms) you should know. + +Next you should arm yourself with some informational resources. I compiled a convenient list of useful tools and sites that I've used and find to be worthy of bookmarking: + +**Market information** + +* http://coinmarketcal.com - Keeping tabs of everything going on in crypto is tough, wouldn't it be great if there was some sort of calendar? Well this is a calendar of upcoming crypto events, whether its conferences, product releases, burns, exchange listings...etc. You can also filter by types of events, coins and month. + +* http://coin.fyi - Great for following the news related to a specific cryptocurrencies + +* http://cryptopanic.com - An aggregator of various crypto sites and news, filterable. + +* http://coinspectator.com - Another aggregator from over a 100 different sources of crypto news. + +* https://www.ccowl.com/news - News from major sites (CoinDesk, Cointelegram, Bloomberg...etc) on one page + +* http://cci30.com - Kind of like the S&P500 for crypto, its an index of the 30 biggest cryptocurrencies + +* http://eveningstar.io - this is basicall trying to be the Morning Star for cryptos + +* http://icotracker.net - I like this site for looking at what ICO are coming up + +* http://www.icoalert.com - Another good site for upcoming ICO tracking + +* http://icodrops.com - More ICO listings and they have a "hype" rating + +* http://bitcointalk.org - Probably the biggest crypto community, lots of Bitcoin old timers who have seen it all + +* Both [Medium](http://medium.com/topic/cryptocurrency) and [Steemit](http://steemit.com/trending/cryptocurrency) have plenty of blogs to follow depending on what interests you within crypto + +* Telegram is the preferred chat platform, just stay away from PnD groups (same for Discord PnD groups) + + + +**Analysis tools** + + +* http://cryptowat.ch - Great charting tool owned by Kraken that gives you a pretty wide look at various cryptos across most major exchanges. + +* http://coinmonsta.io/metrics - Want to see what the most shilled coins are on Twitter? This ranking multiplies the number of tweets vs. sentiment estimate to arrive at a score. + +* http://onchainfx.com - A better version of coin market cap, has all sort of columns and you can add flags. Also I like their market segmentation filters. + +* http://www.sifrdata.com/ - Great visualizations of various metrics. I find their correlations to be very useful. + +* http://www.coingecko.com - includes useful information about crypto like the breakdown volume by fiat currency, social media stats, code repository stats..etc + +* http://www.tradingview.com/chart/ - the best charting site that I use for stocks, however it has plenty of major cryptos + +* http://www.iconomi.net/dashboard - basically forms different ETFs out of cryptos. Not a bad place to get ideas for your portfolio. + +* http://cointrading.ninja/correlation - See a matrix of price movement correlatiosn between various cryptocurrencies over various periods. + +* http://coinmarketcap.com - Useful for scanning the market, and finding the blockchain explorer and official website for each individual crypto. Their API is also quite useful for Excel based analysis. + +* http://icobench.com - Another ICO tracker which does nice summaries, shows teams, milestones, financials and gives a rating for each IC + +* http://cryptomaps.org - Visualization of price across different segments, primarily hashing functions and ICO release dates + +* http://solume.io - compares the number of Twitter mention increase decrease to price + +* http://www.badbitcoin.org - a list of all the known scam sites. Check this list before joining something. + + +**Portfolio Tracking** + +* Delta and Blockfolio are the major mobile apps, I personally recommend Delta. + +* For desktop [I prefer to use a CoinMarketCap API Excel tracker](http://np.reddit.com/r/CryptoCurrency/comments/7m3nvy/ive_created_an_excel_crypto_portfolio_tracker/) that automatically draws live data from CoinMarketCap. Customize it to your own liking. There are also plenty of online tracking sites like AltPocket but I've never used them so can't recommend one. + +**Youtube** + + +I generally don't follow much on Youtube because it's dominated by idiocy like Trevon James and CryptoNick, but there are some that I think are worthy of following: + +* Crypto Investor - A background in finance gives Crypto Investor a much more nuanced approach, and he is very insightful in terms of investor behavioral psychology. Listening to his negativity and criticism of parabolic price action in a sea of lambo chasing is refreshing. + +* CoinMastery - Carter Thomas takes on a rational mid-term to long term approach to investing in crypto, and has been a voice of reason many times. + +* DataDash - He's more focused on trading, but I still like him for his news summaries and overall decent content. + +* IvanOnTech - Brings a programmers perspective, goes through the Github and explains many programming issues with blockchains. + + + +#Constructing a Investment Strategy +--------------------------- + +I can't stress enough how important it is to construct an actual investment strategy. Organize what your goals are, what your risk tolerance is and how you plan to construct a portfolio to achieve those goals rather than just chasing the flavor of the week. + +Why? Because it will force you to slow down and make decisions based on rational thinking rather than emotion, and will also inevitably lead you to think long term. + +#Setting ROI targets +--------------------------- + +Bluntly put, a lot of young investors who are in crypto have really unrealistic expectations about returns and risk. + +A lot of them have never invested in any other type of financial asset, and hence many seem to consider a 10% ROI in a month to be unexciting, even though that is roughly what they should be aiming for. + +I see a ton of people now on this sub and on other sites making their decisions with the expectation to double their money every month. This has lead a worrying amount of newbies putting in way too much money way too quickly into anything on the front page of CoinMarketCap with a low dollar value per coin hoping that crypto get them out of their debt or a life of drudgery in a cubicle. And all in the next year or two! + +But its important to temper your hype about returns and realize why we had this exponential growth in the last year. The only reason we saw so much upward price action is because of fiat monetary base expansion from people FOMO-ing in due to media coverage. People are hoping to ride the bubble and sell to a greater fool in a few months, it is classic Greater Fool Theory. That's it. Its not because we are seeing any mass increase in adoption or actual widespread utility with cryptocurrency. We passed the $1,000 psychological marker again for Bitcoin which we hadn't seen since right before the Mt.Gox disaster, and it just snowballed the positivity as headline after headline came out about the price growth. However those unexciting returns of 10% a month are not only the norm, but much more healthy for an alternative investment class. Here are the annual returns for Bitcoin for the last few years: + +Year | BTC Return +------|------- +2017 | 1,300% +2016 | 120% +2015 | 35% +2014 | -60% +2013 | 5300% +2012 | 150 % + +Keep in mind that a 10% monthly increase when compounded equals a 313% annual return, or over 3x your money. That may not sound exciting to those who entered recently and saw their money go 20x in a month on something like Tron before it crashed back down, but that 3X annual return is better than Bitcoin's return every year except the year right before the last market meltdown and 2017. I have been saying for a while now that we are due for a major correction and every investor now should be planning for that possibility through proper allocation and setting return expectations that are reasonable. + +**How to set a realistic ROI target** + +How do I set my own personal return target? + +Basically I aim to achieve a portfolio return of roughly 385% annually (3.85X increase per year) or about 11.89% monthly return when compounded. How did I come up with that target? I base it on the average compounded annual growth return (CAGR) over the last 3 years on the entire market: + +Year | Total Crypto Market Cap +-------|------ +Jan 1, 2014:| $10.73 billion +Jan 1, 2017: | $615 billion + +>Compounded annual growth return (CAGR): (615/10.73)^(1/3) = 385% + +My personal strategy is to sell my portfolio every December then buy back into the market at around the beginning of February and I intend to hold on average for 3 years, so this works for me but you may choose to do it a different way for your own reasons. I think this is a good average to aim for as a general guideline because it includes both the good years (2017) and the bad (2014). Once you have a target you can construct your risk profile (low risk vs. high risk category coins) in your portfolio. If you want to try for a higher CAGR than about 385% then you will likely need to go into more highly speculative picks. I can't tell you what return target you should set for yourself, but just make sure its not depended on you needing to achieve continual near vertical parabolic price action in small cap shillcoins because that isn't sustainable. + +As the recent January dip showed while the core cryptos like Bitcoin and Ethereum would dip an X percentage, the altcoins would often drop double or triple that amount. Its a very fragile market, and the type of dumb behavior that people were engaging in that was profitable in a bull market (chasing pumps, going all in on a microcap shillcoin, having an attention span of a squirrel...etc) will lead to consequences. Just like they jumped on the crypto bandwagon without thinking about risk adjusted returns, they will just as quickly jump on whatever bandwagon will be used to blame for the deflation of the bubble, whether the blame is assigned to Wall Steet and Bitcoin futures or Asians or some government. + +Nobody who pumped money into garbage without any use case or utility will accept that they themselves and their own unreasonable expectations for returns were the reason for the gross mispricing of most cryptocurrencies. + +#Risk Management +--------------------------- + +Quanitifying risk in crypto is surprisingly difficult because the historical returns aren't normally distributed, meaning that tools like Sharpe Ratio and other risk metrics can't really be used as intended. Instead you'll have to think of your own risk tolerance and qualitatively evaluate how risky each crypto is based on the team, the use case prospects, the amount of competition and the general market risk. + +You can think of each crypto having a risk factor that is the summation of the general crypto market risk (Rm) as ultimately everything is tied to how Bitcoin does, but also its own inherent risk specific to its own goals (Ri). + +Rt = Rm +Ri + +The market risk is something you cannot avoid, if some China FUD comes out about regulations on Bitcoin then your investment in solid altcoin picks will go down too along with Bitcoin. This (Rm) return is essentially what risk you undertake to have a market ROI of 385% I talked about above. What you can minimize though is the Ri, the aset specific risks with the team, the likelihood they will actually deliver, the likelihood that their solution will be adopted. Unfortunately there is no one way to do this, you simply have to take the time to research and form your own opinion on how risky it really is before allocating a certain percentage to it. Consider the individual risk of each crypto and start looking for red flags: + +* guaranteed promises of large returns (protip: that's a Ponzi) + +* float allocations that give way too much to the founder + +* vague whitepapers + +* vague timelines + +* no clear use case + +* Github with no useful code and sparse activity + +* a team that is difficult to find information on or even worse anonymous + +While all cryptocurrencies are a risky investments but generally you can break down cryptos into "low" risk core, medium risk speculative and high risk speculative + +* Low Risk Core - This is the exchange pairing cryptos and those that are well established. These are almost sure to be around in 5 years, and will recover after any bear market. Bitcoin, Litecoin and Ethereum are in this class of risk, and I would also argue Monero. + +* Medium Risk Speculative - These would be cryptos which generally have at least some product and are reasonably established, but higher risk than Core. Things like ZCash, Ripple, NEO..etc. + +* High Risk Speculative - This is anything created within the last few months, low caps, shillcoins, ICOs...etc. Most cryptos are in this category, most of them will be essentially worthless in 5 years. + +How much risk should you take on? That depends on your own life situation but also it should be proportional to how much expertise you have in both financial analysis and technology. If you're a newbie who doesn't understand the tech and has no idea how to value assets, your risk tolerance should be lower than a programmer who understand the tech or a financial analyst who is experienced in valuation metrics. + +Right now the trio of BTC-ETH-LTC account for 55% of the market cap, so between 50-70% of your portfolio in low Risk Core for newbies is a great starting point. Then you can go down to 25-30% as you gain confidence and experience. But always try to keep about 1/3rd in safe core positions. Don't go all in on speculative picks. + +**Core principles to minimize risk** + +* Have the majority of your holdings in things you feel good holding for at least 2 years. Don't use the majority of your investment for day trading or short term investing. + +* Consider using dollar cost averaging to enter a position. This generally means investing a X amount over several periods, instead of at once. You can also use downward biased dollar cost averaging to mitigate against downward risk. For example instead of investing $1000 at once in a position at market price, you can buy $500 at the market price today then set several limit orders at slightly lower intervals (for example $250 at 5% lower than market price, $250 at 10% lower than market price). This way your average cost of acquisition will be lower if the crypto happens to decline over the short term. + +* Never chase a pump. Its simply too risky as its such an inefficient and unregulated market. If you continue to do it, most of your money losing decisions will be because you emotionally FOMO-ed into gambling on a symbol. + +* Invest what you can afford to lose. Don't have more than 5-10% of your net worth in crypto. + +* Consider what level of loss you can't accept in a position with a high risk factor, and use stop-limit orders to hedge against sudden crashes. Set you stop price at about 5-10% above your lowest limit. Stop-limit orders aren't perfect but they're better than having no hedging strategy for a risky microcap in case of some meltdown. Only you can determine what bags you are unwilling to hold. + +* Diversify across sectors and rebalance your allocations periodically. Keep about 1/3rd in low risk core holdings. + +* Have some fiat in reserve at a FDIC-insured exchange (ex. Gemini), and be ready to add to your winning positions on a pullback. + +* Remember you didn't actually make any money until you take some profits, so take do some profits when everyone else is at peak FOMO-ing bubble mode. You will also sleep much more comfortably once you take out the equivalent of your principal. + + + +#Portfolio Allocation +--------------------------------------------- + +Along with thinking about your portfolio in terms of risk categories described above, I really find it helpful to think about the segments you are in. [OnChainFX](http://onchainfx.com/) has some segment categorization but I generally like to bring it down to: + +* Core holdings - essentially the Low Risk Core segment + +* Platform segment + +* Privacy segment + +* Finance/Bank settlement segment + +* Enterprise Blockchain solutions segment + +* Promising/Innovative Tech segment + +This is merely what I use, but I'm sure you can think of your own. The key point I have is to try to invest your medium and high risk picks in a segment you understand well, and in which you can relatively accurately judge risk. If you don't understand anything about how banking works or SWIFT or international settlement layers, don't invest in Stellar. If you have no idea how a supply chain functions, avoid investing in VeChain (even if it's being shilled to death on Reddit at the moment just like XRB was last month). + +What's interesting is that often we see like-coin movement, for example when a coin from one segment pumps we will frequently see another similar coin in the same segment go up (think Stellar following after Ripple). + +Consider the [historic correlations between your holdings](https://cointrading.ninja/correlation). Generally when Bitcoin pumps, altcoins dump but at what rate depends on the coin. When Bitcoin goes sideways we tend to see pumping in altcoins, while when Bitcoin goes down, everything goes down. + +You should set price targets for each of your holdings, which is a whole separate discussion I'll go in Part 2 of the guide. + +#Summing it up +------------------------------------- + +This was meant to get you think about what return targets you should set for your portfolio and how much risk you are willing to take and what strategies you can follow to mitigate that risk. + +Returns around 385% (average crypto market CAGR over the last 3 years) would be a good target to aim for while remaining realistic, you can tweak it a bit based on your own risk tolerance. What category of risk your individual crypto picks should be will be determined by how much more greed you have for above average market return. A portfolio of 50% core holdings, 30% medium risk in a sector you understand well and 20% in high risk speculative is probably what the average portfolio should look like, with newbies going more towards 70% core and only 5% high risk speculative. + +Just by thinking about these things you'll likely do better than most crypto investors, because most don't think about this stuff, to their own detriment. + + +**EDIT, I made an error** + +**The actual ruble price in Feb was .014** + +**.014/.0077 = 1.81. So the actual ruble movement was -1.81x (not -18.18x)** + +**In the new numbers, it would be a like pound of coffee going from 4.95 to 8.95** + +&#x200B; + +Ruble on Feb 15th = $0.14 + +Ruble Today = $0.0077 + +.14/.0077 = 18.18 + +That's where I got the 18x decrease. But this translates into an 18x increase in the cost of all foreign imports correct? + +So this would be the equivalent of a pound of coffee in the US going from $4.95 to $82.62 right? Or am I missing something? +I want to offer some perspective to people who are looking to get started in real estate, or maybe those who have just gotten started. + +Background: I own 1 duplex (house hack) and have a single family under contract that will close in the next 3 weeks. I bought my duplex just under 2 years ago. I listened to Bigger Pockets and read as much as I could about real estate for the past 5 years. + +Let’s talk about Bigger Pockets. It is an excellent resource and there is a ton of great advice/insight. However, they don’t talk enough about the struggle that average people actually go through to get into investing. I would listen to those podcasts and convinced myself that I would be quitting my day job in 5 years through exponential real estate growth. + +Well… it ain’t all sunshine and roses. I got into my duplex and started tearing things apart to fix it up, all while trying to work 40 hours/week and keeping myself fed. After about 6 months and not a lot of progress, I decided it was time to call in a contractor to finish up some of the big things, I would finish all of the little details after they were done. Fast forward another month, they’re done. Time to start painting, replacing light fixtures, outlets, etc… shit! How am I a full year into this and still not done?? I called them back in with a full list of what needed done to have the home ready to rent. The lesson here? Make sure you have enough money to pay people to do the work for you. They WILL do it faster and better than you. + +1 Year and 3 months later I finally got my first tenant, who is great. 2 months later, tenant calls about water dripping in the living room, $1000 later the roof leak is fixed. Did I mention that one of the water heaters went out 2 months after moving in? $700. Oh, and the toilet drain that was leaking from upstairs into the kitchen downstairs? $500. There are ALWAYS going to be issues. Don’t assume that 5% for maintenance will be enough. + +Let me add, I did a ton of research on how to screen tenants. Set your requirements and STICK TO THEM. I couldn’t be happier with mine, and I know it was because of my due diligence. + +The good news here? Because of the work I’ve had done and the time that has elapsed (almost 2 years), I was able to take out a $30,000 HELOC with a crazy low interest rate. I could’ve borrowed more but I don’t want to get in over my head. I am now using this to put a down payment on my new home and renovate the unit in my duplex that I’ve been living in. I also have had 2 years to figure out what problems to look for when house shopping. + +Don’t get trapped into thinking you will rapidly acquire properties, the only way you can do that is by having CASH. The rest of us have to build equity. I know that with a few more years and a couple more properties, it will be much easier to get creative with financing. Hard money, private money, equity, etc. But I now know the time, sacrifice and discipline it takes. + +Hope this helps someone out there, and good luck to you all as you get started or continue your journey. +Wanted to hop on the positivity bandwagon. I always found it kinda odd (despite it being on Reddit) of the fascination of inserting things into your butt for a passive way of seeking acceptance. To each their own but I much rather get off my ass and help my community then put things into my ass. Lmayoo +**$ULTRA** has been a completely dominant force in the space recently, from shattering world records to surging past a 80 million dollar market cap in 2 days, it's clear that **ULTRA** is already the next top coin. + +After months of waiting, I think it's safe to say this subreddit has found the next safemoon. + +It seems the team has some huge connections to be able to get listed on coingecko in 16 hours and gain the attention of nearly 20,000 holders. + +As a fully rug-proof token, **Ultrasafe** has all liquidity locked for 79 years, contract ownership renounced, and an official audit completed by Solidity. A CerTiK audit is also on the way and should be completed in the next few days based off the info from the telegram. + +You may be thinking, I missed it again, but this project hasn't even started if you think about the constantly rising price floor and the huge announcements on the way. Flash mobs, billboards, and an NFT marketplace are on the way. As we reach 25,000 holders there have been hints of potential high level CEX listings. + +**Ultrasafe**'s tokenomics allow for 4% of every transaction to be distributed to the liquidity pool and 4% to be reflected among holders. + +The team has so far constantly delivered, so ask your self, am I going to buy in now, or am I going to buy in in a few days when Ultra is a at a **1B** market cap and listed on centralized exchanges. + + 💬 Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + + **🌐** Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + + 🐦Twitter: [https://twitter.com/UltraSafeBSC](https://twitter.com/UltraSafeBSC) + + **💰** Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a) +Hey guys! I’m not particularly new to dividends, but I just thought I’d share! I’m 26, and I have this massive goal of wanting to retire super early (I know it’s going to be tough, but I believe I can do it by time I’m 40). I work a lot(60 hours a week) and still maintain a life outside of work. I have 0 debt besides the normal rent, insurance etc. i try to put anywhere between 200-500 in every week. The reason why I’m posting this is because when I first started doing dividends, I thought doing the higher dividends % stocks would help me to retire early, now that I’m a little more wise, I’ve grown to absolutely love the lower(more secure) stocks. I’m mostly invested in anywhere between 2%-5% dividends. I currently make about 300/year in dividends and it’ll keep increasing every week. I know to a lot of outside people that don’t invest, like we do, will think 300/ year is terrible, but to us, that’s a lot. I can proudly look them in the eye and say, do you invest? Do you plan on retiring early? No? We all start somewhere, and sadly 45% of the population won’t even consider investing. So to all of you here, you’re doing great! Keep it up! +&#x200B; + +https://preview.redd.it/exasr6e3hs571.png?width=1600&format=png&auto=webp&s=e89f0dccb1266fb57b4fd0bd7aba52e9ad5b14fe + +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/zjtm9v35hs571.png?width=680&format=png&auto=webp&s=87ea89c6b69f9efd5b9a83269d51015b04b403fb + +The Reverse repo's + +&#x200B; + +https://preview.redd.it/hs0r0frahs571.png?width=960&format=png&auto=webp&s=637524d1bb099bf73872a755f7acecaeaea98ed7 + +The reverse repo seems to be up once more, to 520 billion, with 53 parties involved. + +Jpow also told us yesterday there was "totally nothing to worry about" but more on that later. + +&#x200B; + +https://preview.redd.it/p0ds0tlois571.png?width=960&format=png&auto=webp&s=a86201926b361932e4449c71dcfcb9466e7341b1 + +Also a list of participants has been found here: [https://www.reddit.com/r/Superstonk/comments/o1rzgw/rrp\_list/h22g31h/?context=3](https://www.reddit.com/r/Superstonk/comments/o1rzgw/rrp_list/h22g31h/?context=3) + +&#x200B; + +&#x200B; + +https://preview.redd.it/tw12a49nhs571.png?width=8240&format=png&auto=webp&s=97693d3a6390221d6e355706ffc96e9960ec28e8 + +The exponential floor, the price seems to be marching sideways for the past three days, this can indicate a lot of things, I would advise checking out u/JTH1's thread [here](https://www.reddit.com/r/Superstonk/comments/o1fbhw/0616_update_floor_guys_log_stonkdate_259_pretty/) for more information. + +Some people have indicated this may be like the "death of a thousand papercuts" dd we've seen here. + +&#x200B; + +https://preview.redd.it/yjl98ga8is571.png?width=1066&format=png&auto=webp&s=15ed33b01506fb721bb896d22b4ba4c0c17a184a + +There also seems to be some indescrepencies with the open/closing prices in the market for the past few months. I've been in chatrooms were we talked about the fact that it's ending on 00 or 0010 is a statistical outlier, because it happened way to often it was weird for us because if you looked across the board most stocks would end in random numbers, and not on a nice round 0010. + +u/LongTimeGamer did a solid DD [here](https://www.reddit.com/r/Superstonk/comments/o1gn2u/i_processed_16_years_of_data_across_8_stocks_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) were they analysed the past 16 years of 8 stocks to show that the closing price of these is a weird happening as this isn't normal, be sure to check out his thread. + +&#x200B; + +https://preview.redd.it/6m4yca2ijs571.png?width=641&format=png&auto=webp&s=c4ebdd0c76264cb53e13c1072f8b00ed14da4f43 + +# To 005 or Not to 005, that is the question + +There also have been some questions since yesterday if the 005 was in effect or not. + +The short answer is, Yes it is. + +check out [this thread](https://www.reddit.com/r/Superstonk/comments/o1fywn/me_again_according_to_john_at_the_dtcc_005_is_in/?utm_medium=android_app&utm_source=share) which shows correspondence between u/OkGas9917 and the DTCC, and they themselves state that it's in effect . + +# Bitcoin address + +I got tagged in [this thread](https://www.reddit.com/r/Superstonk/comments/o1fi1v/sent_this_today_to_someone_and_we_closed_green/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) yesterday, but I honestly don't know enough about crypto give any help here, so if there are apes here who are good with that sort of stuff be sure to jump in and try to give them a hand. + +It seems that there is a wallet address that has some correlation with the price movements of GME, but again I know jack about crypto. + +&#x200B; + +https://preview.redd.it/na3r31heks571.png?width=1533&format=png&auto=webp&s=84689090590c72516e60e5e24308b3294aed913e + +# Remember Kenny, you always have options + +u/Veschor had scraped some data off of fintel.io data for all filings under 3/31, crosswalk it against SECs EDGAR db for data quality. be sure to check out [his thread here](https://www.reddit.com/r/GME/comments/o1fqxi/gme_options_data_dashboard_for_reporting_period/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), I'm not entirely sure what this means but I believe they may have doubled all the shares outstanding by the looks of it... or I'm reading this wrong. + +But it seems that kenny and others need about 51 million shares in order to cover, which... they can't lol. + +&#x200B; + +https://preview.redd.it/q63d32gels571.png?width=755&format=png&auto=webp&s=604d237824bcf97a956d2fb794eaa8af430f531a + +# The FED + +Jpow held a press conference yesterday which boiled down to the following points: + +* we are in unprecedented times +* due to that we can't make any plans or projections +* But inflation shouldn't be that bad **ACCORDING TO OUR PROJECTIONS** +* Jpow gets a questions, then bullshits around the subject for a few minutes and moves on + +So what really got me annoyed with this yesterday were a couple of things + +Mainly the fact that he says you can't have a model or a projection for the coming times but moments later refer to their own model and projection saying "it wont be that bad"... so which one is it Jpow? you can either have a model or not. + +Also the inflation is now projected at 3.4% instead of 2, but it's "transitionary" ... this is like seeing my cousin vinny answering tough questions "forget about it" + +&#x200B; + +https://preview.redd.it/rc777zqzms571.png?width=640&format=png&auto=webp&s=08e0196e9bf6241791dfb24b3af24e7cceb56f74 + +For those unaware the phrase "whistling past the graveyard" means acting tough while being scared on the inside, which I'm sure they are, even from a non stock perspective it seems like they screwed the pooch and are now realising that maybe printing 40% of all the money may have been a bad idea. + +&#x200B; + +As some of you who have been reading my shitty writing for a while may know I love the art of war, because it gives simple yet effective rules of psychological war. + +There was a thread made here [https://www.reddit.com/r/Superstonk/comments/o19ak7/the\_bigger\_short\_srdtc2021005\_the\_return\_of\_dr/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o19ak7/the_bigger_short_srdtc2021005_the_return_of_dr/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +And it gives some explenations how the art of war may be implemented right here, so... unleash your own Gordon Gecko and give it a read. + +&#x200B; + +https://preview.redd.it/zbp8qud0os571.png?width=554&format=png&auto=webp&s=f71180d575bc8cfac10a68986213041e814ceac7 + +# 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/y6icose2os571.png?width=400&format=png&auto=webp&s=15785bd18085bf55f1f1b9067d1a8d877d7d1ca2 + +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 1: + +&#x200B; + +https://preview.redd.it/6mjxnjxfgt571.png?width=4096&format=png&auto=webp&s=942e2bc09e69aaf4b55d78de37e7be29748c07e0 + +Sort volume of the past week, thanks to [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) on twitter. + +&#x200B; + +Also hmmm + +[https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/) + + + +"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic," said Stacey Cunningham, president of Intercontinental Exchange Inc's [**(ICE.N)**](https://www.reuters.com/companies/ICE.N) NYSE. + +"That price formation is not really reflective of what supply and demand is," she said at a conference hosted by CNBC. + +&#x200B; + +ORLY +I've been investing in a TFSA since August 2020. I started on WS and quickly realized you're getting screwed on US stocks because of their conversion fee. In 6 months, I made 6% profit on my portfolio. + +I've spent countless hours and a lot of time doing DD, reading articles and checking Reddit. My US portfolio is well balanced between APPLE, FEDEX and DEERE. It's growing at a snail pace. It's difficult to spend time on FIN-reddit or Fin-Twitter and not feel like you're the one not taking risk and not making a profit. (Especially in this MEME stock era) + +On Jan 8th 2021, I added 1500$ to my WS TFSA account. I had been deepdiving and tracking CAD stocks related to BTC. If you look at my Reddit user history, I made a thread about it back then. +January 13th, I purchased 340 shares of BITF at 4.49$. + +It went up the next day to 4.98$. Didn't pull the trigger, decided to ride it out. Then BTC prices went down. It went all the way down to 2.40 on January 27th in the middle of the GME madness. I had serious doubts and really wished I had sold quickly so I could have jumped on the MEME madness. + +So I held... +and held... + +Until last Monday, for the first time since January 13th, the price was up. Figured i'd cut my loss and make a small profit. So I sold my 340 shares of BITF at 484$. Made 166$ profit. I was happy, it didnt turn into a red loss. + +With FOMO in full effect, I jumped on SCR. Where I'm currently back at around my original 1500$ investment cause of the pullback yesterday. + +Meanwhile if I had just being patient and continued with BITF. My investment would be 2713$ now. + +To everyone starting just like me, don't go chasing a quick buck. Be patient. Even when you think you've been patient enough, find some more. + +I've decided to stop looking daily at my investment and just ride this for a while. I believe in all 4 of my investments. No need to panic trade or runaround with FOMO. +As the title suggests, I am planning to retire by 40. I don't want to end up like my brothers (low income family with no financial planning). + +I am hoping that there are people here who have this figured out and can give me some ideas to plan it. + +Please include "Must do" and "Don't do" pointers. + +Also, refrain from giving advise discouraging retirement by 40. + +Thanks in advance! +It's both exciting and sad to see what's happening to WSB. I do welcome the new blood, but echoing the sentiment behind the post by /u/dillonsyp, some self-preservation may work well for the time being. Any old-school /r/wallstreetbets and /r/options users will know thetagang already, so no need to get further flooded. Thoughts? +Since billionares have so much money that is not being used to move the economy sunce its not being used at all, isn't this bad for the economy in a capitalist country? +Hello Mr. Casey, + +I read your WSJ article today. I feel deceived by you. + +You requested to speak with me, so I took time out of my day to do so. We talked for 20 minutes, during which time I conveyed to you my sentiments about the Bitcoin ecosystem and the matter of MtGox's collapse. My message was unambiguously a positive one. I didn't focus whatsoever on the personal funds I lost at Gox. Indeed, the impetus for your call was my heartfelt post on Reddit. + +Yet, you ignored everything I said. The only quote that you published from me in the Journal's cover story was ""That's gone now," said Mr. Veerhoos, who is based in Panama City, Panama. "There's no chance of getting that back now."" + +Is that really the takeaway you had from our call and from my letter? Is that your idea of journalism? Did I come across with the sentiment of a despairing investor whose confidence has been rattled? It seems you were happy to completely ignore my sentiments, preferring instead to cherry pick the one fact that is least important, in order to paint a narrative that Bitcoin's biggest problem is that it's not "regulated." I didn't expect you to quote everything I said, but should you not have maintained at least a modicum of fidelity to my message? + +I have dedicated my life to building and supporting the Bitcoin project. I don't give a damn about the money I lost at Gox. That's not important. What is important is that Bitcoin is resilient and enduring, and will continue to grow and change the world for the better. It is a story of human progress through technology. It is a story of the good seeping into the cracks of a corrupted financial system. It is a story of passionate people struggling against all odds to remedy the calamities brought down upon society from the most potently misguided people and institutions on Earth. + +Next time you spend your efforts casting a pall over this cause, please don't ask me to contribute mine. + + -Erik Voorhees + +PS - I will be posting this letter openly on Reddit. I will post your reply if you'd like. And if I do, I won't cherry pick the most misleading points of it, and I will spell your name correctly. + + + +Hi, + +First home buyer in VIC. + +I like this property and I am about to make an offer. However, Agent asked me over the phone about my offer, I told him verbally and he responded as the following: + +>I have multiple offers made. I am speaking to you like a brother, if you like the property give me your max offer and do not waste time + +Should I listen to him? I hear it is a seller market now, so he might be telling the truth? I like the property and I truly think my offer is a very reasonable price for it. Any amount that is more I think will make the property overpriced. +Long time growth investor, but switched my focus to dividends in Nov of 2019. I lost focus after a year of dividends investing and shifted back to growth. In March, as Tech started losing steam, decided to focus on dividends again. Focused mainly on adding more shares of QYLD, NUSI, and O. + +As May started my main goal was to acquire shares of more NUSI and O. + +I was able to add 39 shares of NUSI, and now have a total of 105.69 shares. However, I did not add a single share of O.. instead added shares of BST (BlackRock Science and Technology Trust), BSTZ (BlackRock Science and Technology Trust II), PSEC (Prospect Capital), and PAA (Plains All American Pipeline). + +Thanks to owning 105.69 shares of **NUSI**, I received $18.55 in dividends. + +125.25 shares of **PAA** got me $22.54 in dividends. + +20.99 shares of **BSTZ** got me $3.39 in dividneds. + +12.93 shares of **BST** got me $2.92 in dividends. + +44.01 shares of **PCF** got me $3.43 in dividends. + +For June, I will refocus on adding more positions in O. Currently, have 63.9 shares and would like to have at least 75 shares. Also, want at least 50 shares of BSTZ and PCF and 25 shares of BST. + +**---** + +&#x200B; + +Here’s a quick breakdown of some of what I received in May. + +&#x200B; + +**---** + +M1 Total value: \~$25K with May total dividends: $27.97 + +Largest dividends came from **O (Realty Income Corp.)** $8.37. + +&#x200B; + +**---** + +Fidelity (Rollover IRA + HSA) Total value: \~30K with May total dividends: $37.96 + +Largest dividends came from **ABBV (AbbVie Inc.)** $13.01 + +&#x200B; + +**---** + +Ally (Roth IRA) Total value: \~$31K with May total dividends : $52.02 + +The largest dividends came from **AAPL (APPLE Inc.)** : $13.48 + +&#x200B; + +**---** + +Robinhood Total value: \~$15K with May total dividends : $58.38 + +The largest dividends came from **PAA (Plains All American Pipeline, L.P.)**: $22.54 + +&#x200B; + +**---** + +Looking forward to June's numbers since QYLD will pay out 2 times! Currently own 186.25 shares between taxable and non-taxable accounts. My wife also has 55.18 shares. + +I know some of you hate this kind of post about announcing “I received $x.xx in dividends”, but I wanted to share my progress, provide some motivation, and give ideas for potential investments. +We have been over saturated with posts/comments of such that would be found in WSB. Can we not ruin this sub as well by allowing low quality shit posts and comments telling everyone to jump on the train? I congratulate everyone who was able to profit but too many people on here are now having fomo. + +Edit: since everyone is so bothered, this is directly related to the level or maturity in the posts. There is a clear difference between this sub and WSB. Discussions are completely acceptable but keep it mature and don't just post low efforts posts with no insight other that "lets do this together retards." +Reading this sub can be a bit scary, especially if you’re 22 and have not been offered £50k as a starting salary on a graduate scheme. + +(Funny thing is one of my friends did start a graduate scheme on £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 £45,000 pa. Net after tax, student loan, NI and pension £30,000 pa. Rent £500 pm including utilities and would walk to work. Disposable income £24,000. Number of hours worked per week 40 to 45. 2000 working hour’s pa. Pay per hour £12.00 (disposable income). + +Working in London as a design engineer, pay £76,000. Net after tax, student loan, NI and pension £45,000. Rent £1100 pm including utilities and zone 1 to 4 travel card, £200 pm. Disposable income £29,800. Number of hours worked per week 50 to 60. 2585 working hours pa. Pay per hour £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. + +I’m very lucky, but don’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 £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 £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 today’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 £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 £38k salary in Leeds, at lease you can afford a house. +Only 3 days after its insanely successful launch, UltraSafe rocketed past 25k holders and 60M Marketcap at blinding speed, breaking world records left and right. + +&#x200B; + +The Mariana Trench vault, which is one of the most significant ones yet, has just been unlocked. With this unlock, the dev team is expected to deliver some major updates, more info can be found on the website. + +&#x200B; + +Tomorrow, the main developer and the co-founder will both dox themselves on a livestream interview. The community's been adamant about a dox ever since release, and that will come tomorrow when UltraSafe devs will dox themselves live. Apart from this, there's more news on the horizon, including talks with a top 25 exchange for which a listing is planned by the end of the week, significantly increasing the scope and accessibility of the token. There's also a CertiK audit scheduled for today, and their merch store will roll out this week. + +&#x200B; + +It's quite obvious that this project has huge potential. Despite having so many vault unlocks in such a short amount of time, the team is still delivering on their promises and working around the clock to satisfy the token's holders. This is an exciting week for the coin as the biggest updates since launch are scheduled to come out, and firmly place it amongst the biggest names in the space. + +&#x200B; + +At the risk of sounding like a used car salesmen, this might legitimately be your last chance to buy UltraSafe under 100M Marketcap, as this week seems likely to launch it to the next order of magnitude. + +&#x200B; + +Get in now and stay ultrasafe! + +&#x200B; + +[ultrasafe.finance/](https://ultrasafe.finance/) + +[t.me/UltraSafeOfficial/](https://t.me/UltraSafeOfficial/) +For starters, thank you for reading and no need to write in layman's terms. + +**TLDR**; My dad is physically and mentally unfit to get himself on government aid and my siblings have given me the job of helping my Dad get on a plethora of government assistance plans. I need help doing so. + +My father is 67 years old and has tons of mental and physical issues. He has diabetes in addition to a wide range of mental issues we think he could have. He's never been professionally evaluated, but we think he has bi-polar disorder and is a paranoid schizophrenic. He also has a tough time speaking due to his old age and not being a native speaker. I am the only one in the world that can decipher his jumbled language most of the time. He gets overwhelmed very easily and has a hard time remembering a lot of things. He currently has zero income and it's been that way for years. We think that he is being sent money from offshore relatives but no one can be certain. We are about to sell the house next month because he cannot afford to live in it any more. My parents are divorced and my dad has no legal custody of me. We live in Wisconsin. I am willing to impersonate him on the phone with people. He is totally find with it since I have to do it for him all the time. + +Task 1: Get him a free phone service. He has a phone already so we just need a sim card with service. + +Task 2: Get him on food stamps + +Task 3: Figure out what type of health insurance he has. I've asked him for the paperwork of his insurance and he doesn't know what I'm talking about so I need a way of finding out. He definitely has something I just don’t know what. + +Task 4: Get him on Social Security if he's not on it already. I don't know how I would find out since it’s the same deal with the health insurance. + +Task 5: Get him professionally evaluated for mental illness. Also find out what government assistance is available to those who are disabled mentally. + +Task 6: Get assistance in buying pet food. He has a cat (which is one of the few things keeping him relatively sane) and needs help caring for him. + +Task 7: get him surgery for his arm. His bicep sags on one arm and he can barely use it. + +Tasks 1-4 are really the essential ones. I just need to know where to start and what I need. This is pretty difficult in addition to school so that’s why I am asking for so much help + +Thank you very much for those who read. Please ask any more follow-up questions you have. + +By the way, this is a throwaway account because this post contains a lot of personal information. Thanks again. +EDIT: **thanks everyone for reading and replying. I will reply after school. ** + +Edit 2: **He currently is on Medicaid and gets social security every month.** + +Edit 3: **I'm not sure I can reply to all of you, but I can assure you that i have read all the comments.** +I just wanted to point out that Meta literally had a decrease in revenue. Because, as everyone says, and as was known even last quarter, their core business has already peaked and is now beginning to shrink. Unlike iPhones or google search, social media apps are fine a dozen fads that can come and go. + +When a company has a low PE, many in this sub usually assume that means it’s good “value”, completely ignoring the fact that when companies have multiple shrinkage it is always for a reason. + +Meta and intel are the two possibly favorite stocks on this sub because both have a low Pe. But come earnings week, look what happened, while other big tech did surprisingly great, both of these struggled. + +People knew this was happening. That’s why the low PE ratios happened in the first place. Investing in low P/E ratios is essentially just finding failing companies to invest in on purpose. If you think a PE ratio is low, rest assured you did not stumble onto some info that the rest of the market is ignorant of. It’s low for a reason. + +Stop investing in dying companies. +Seriously. + +I just blew my account on a single trade. Months of gains down the drain. + +I have learned more from this trade than I have learned from months of trading. + +For me, the key lessons are: + +**Never, ever be greedy.** + +Never contemplate over lost gains. + +Don't say to yourself: "Why did I close this early? The price kept going my direction. I could have made so much money." + +You closed your trade based on the information you had at that point in time. It might as well have gone against you. + +Nobody ever went broke from taking profits. + +In my case, I went broke from being greedy. + +**No trade is better than a bad trade** + +Be like a machine. Stick 100% to your strategy. + +If a trade does not fit your strategy, don't take it. + +A week with no trades is better than a red week. + +**Never use high leverage** + +You might think you are safe. I thought so too. Went through thousands of trades with 5x+ leverage - never, ever got liquidated. + +Then I got hit by a "Black Swan" wick. The largest wick I have ever seen. 10% drop in less than 5 minutes. Liquidated me on the spot. + +From now on I'll stick to a leverage of 2x or lower. + +**Don't let negative P&L fuck with you** + +I had multiple opportunities to get out of my trade with a 1% loss. + +I didn't take them. Why? Because I had become allergic to losses. I had gone weeks with a 90% winrate. Most I had lost during that time was $50. I couldn't bear having a 1% loss. So I didn't close my trade, even though I should have. Don't be me. + +**Revenge trading** + +Don't do this. Luckily I blew up my entire account, so I wasn't able to do it. + +I've funded my account again now. But I won't be doing any revenge trades. + +I've scaled down my size to 5% of what it was previously. + +My first trade after the fuck up had a P&L of $3. + +It will take me months to get back to where I was. I've already accepted that. I focus on the percentage gains now. + +There's no way I'm taking a break. I love this stuff too much. +...based on net worth for my age, at least according to a couple online metrics I found. The recent stock market shenanigans have catapulted me into (potential?) fatFIRE territory. I'm 34 and am now worth roughly $3 million once taxes are taken out. + +The thing is, I have no idea where to go from here. Do I hire a fiduciary financial advisor/wealth management firm? Do I try to build up a portfolio of dividend stocks? Do I go the Boglehead route and dump everything into 3 Vanguard funds? I know I probably shouldn't be YOLO'ing into meme stocks anymore, but beyond that, I really don't know. +When most people think about stock options, they think about calls and puts. Calls, profit when the stock goes up, and puts profit when the stock goes down, pretty simple stuff. The problem with calls and puts is that there something called *time decay*. Time decay makes your calls and puts slowly loose money; at first. Time decay starts ramping up the closer you get to expiration and if your options is out the money, you should probably start sending out job applications. Even if the stock goes up, if it doesn't go up enough, your contract **will** expire worthless. + +Now, lets talk about how you can make money off of time decay. There are many ways to do this, such as selling calls, selling puts, spreads, pmcc and much, much more. As this post is about iron condors, lets talk about how you can make consistent, high probability profit if you do them correctly. + +***What is an Iron Condor?*** + +An iron condor is technically two spreads, a call and a put spread. It profits on the stock having no movement or very little movement. Let me just get this straight, **DON'T PLAY IRON CONDORS ON TSLA OR ANY VOLATILE STOCKS**, just don't. This is a strategy meant for stocks that don't move much, such as ETF's or just companies who have slow, consistent growth. One really good one that I just found today is ***IWM***\*.\* + +There are two types or iron condors you can do, ones that have close expiration dates, 1-7 days, and ones that have long expiration dates, such as 30-45 days. you could play iron condors on times between this, but I personally like using iron condors a couple days before exp, or a 30-45 days. You are making money of ***time***, so it's better to have longer out expiration's. + +**How to open an Iron Condor?** + +To open an IC, your going to have to buy a call, sell a call, buy a put, and sell a put. Instead of just telling you how to do it, let me show you. + +https://preview.redd.it/5l2kxdt44dl71.png?width=654&format=png&auto=webp&s=6083512de8de0dfeaae1f4ba765bb68af8be0306 + +This is what an Iron Condor looks like. As you can see, it's a 4 option order. If you are doing this on robinhood, it will tell you if it's an iron condor; if it doesn't you did something wrong. Okay so now let's explain what were looking at. First off on the call side we're buying a $240 call. Right under, we're going to sell a $239 Call. This by itself makes a call credit spread; so if the stock stays below $239, we make max profit. Iron Condors also have put spreads; we bought the $210 Put and sold the $211 Put right above it. Make sure both sell calls/puts are facing the stocks current share price; idk if that makes sense it's just how I remember how to do them. So now, we also made a put credit spread; if the stock stays above $210, we make max profit. Both of these trades are pretty good, but we're only getting paid $0.13 in credit for the put spread, and $0.20 for the call spread. We have to offset $100 as collateral for this trade, as the difference in the strike prices multiplied by 100 is the collateral. However, we got paid $20/$13 in credit respectively, Making our max loss $80/$87. Well you might be wondering, how can we make more off this trade? ***BY PUTTING THEM BOTH TOGETHER.*** *If you open the put credit spread and the call credit spread you end up making an iron condor. Now as you guys can see, were getting a $32 credit off of $100, much better than $13 or $20 respectively. Our breakevens are $210 and $239, if the stock stays between that amount, you make max profit. For every cent difference, up or down, you loose one dollar of max profit.* + +&#x200B; + +So all you need the stock to do is to stay between those number. IWM, the stock we chose for this example, doesn't really move much making this a very high probability trade. It expires on 10/15, like 42 days untill then. Every day that passes, your going to make more money on time decay. And that's the basics of an Iron Condor. I actually did this trade today, seven of them perhaps. We'll see how well it works :) + +EDIT: it’s always better to close at 50% profit on the 30-45DTE IC, as the risk to profit ratio starts to decrease and it’s better to just take profit and open a new condor for a latter date + +edit 2: this post is doing really good, do you guys want me to make a video? +I'm a newbie to value investing and have been binging on Roaring Kitty's Youtube videos for the past couple of weeks. I see he takes into consideration a lot of factors to figure out if the company is undervalued or if the company won't go bankrupt (which I believe is his style of investing) .But how does he figure out the value of a stock. Say even if he's ballparking , what is that based on? I'm sure it can't be a simple straight forward formula where you plug in the numbers and outputs the value. If he says a particular company at this current price will be a 4-5 bagger, or sometimes he says "I'd prefer this stock under 10$" how does he determine the value ? + +(p.s I'm a beginner so any article or books or tips y'all think would help me out in this learning process would be appreciated ) +What tools do you use, both paid and free, in your workflow to find candidates to invest in? + +&#x200B; + +Edit: This post has turned into a treasure trove of great information. Thanks everyone! +Can anyone provide some ACTUAL information on signs that we are headed towards a bear market? If so, what are people's thoughts on the market moving forward? + +Feel free to direct me to other posts or videos that discuss this topic. +I’m just a guy accumulating places that my wife and I Airbnb out. Everything’s been pretty good so far. + +Before I buy more though, the talk I hear about owner occupancy laws give me pause. I don’t have a lot of faith in the government to pass such a thing, but in 10 years who knows. + +Should I be worried? Are there states that might be better insulated from this, like Florida? +No offense to everyone’s progress in becoming dividend investors, but I feel like everyone just posting their goals should be akin to the low effort subreddit rule. In the end, everyone can just take a screenshot of the app they currently use to track dividends and be like “Wooo hooo I made X amount this month! First goal down, now going for 5X amount!” + +It should have some substance or something interesting that propagates the community to comment on your strategy or some level of discussion. The only discussion in the comments seems to be just the same comments every time: “Nice job! What app do you use?” or “Cool, what shares are you holding?” or “Keep it up you’ll get there!” I love that we are very supportive here and there’s no negativity, but we could be doing this until the cows come home and no one is going to be any better/wiser from those posts. + +So please could we add a little more depth, insight, advice, bad/good ideas in our posts here? Most, if not all, of the current top posts are dividend goals with no substance. +recently couple of my holdings announced big share buybacks, the market seems to appreciate this. I understand that share buybacks are great, but why do they have to do it right now, why do they not save the money for times when the stock market is less exuberant? +I got into BTC in a big way this year (over $20K purchased on Coinbase). To my unfortunate surprise, that technically puts me on the list that Coinbase was ordered to handover to the IRS. I do not blame Coinbase and am satisfied that they fought against the action. + +However, since I believe that this is *highly* overstepping taxpayers rights as well as conflicts of parity: i.e. does the IRS get notified if I invest 20k in mutual funds? I intend to document any and all interactions I have with any government body here for this community to review. + +I want all of us to be vocal, transparent, and prepared to protect our assets under due process. + +I have dutifully paid U.S. taxes since day one of my working life. I have **not profited** one cent as of yet with any cryptocurrency, since I have not sold one Satoshi of my holdings. I plan to arm myself with the most practical legal advice available to me and, if it comes to it, support from bitcoin-friendly financial advisors that know their stuff. + +Thanks for listening. HODL on. + +*EDIT: Looks like I got the tax year(s) wrong; thanks for setting me straight. Keeping this post up as my sentiment about this action remains unchanged.* + +*EDIT 2: Holy crypto Batman! I am FINE paying taxes on my gains. I am NOT looking for, nor am I advocating tax evasion. The point of this post is simply that I plan to report and document any IRS scrutiny should it occur.* +Hey fatFIRE fam, + +Wondering if anyone else has achieved fatFIRE leaving their current company and just cloning/improving upon what their employer does. + +I have great pay but no equity. I have helped build this company into something that is currently printing money. I think I could peel off a decent number of accounts and have cash on hand to survive and finance operations for awhile. + +If anyone has gone this route I would love to know your journey. What had you wished you had known beforehand, etc. + +I have consulted with one attorney so far and have a laid a little bit of groundwork for making my exit and cloning my current employer. + +Also if you have been on the other side of this I’d like to know how you have dealt with it. + +Thx! + +Update 1. +No non-compete clause whatsoever + +Update 2. +Wow what a great community. I am really touched by the outpouring of insight and comments. I am trying to read in real-time and respond. Wish I could share more info. Thx again everyone. + +Update 3. +I am blown away by the generosity of spirit and for all of the thoughtful, insightful, and helpful comments. Thanks so much to everyone for words of caution, words of encouragement, not to mention the practical advice. This is without a doubt the nicest forum I have interacted with and I just have to say what a nice community! Hope I can give back a little bit. +I was curious about what generally happens to the UK stock market after we get a new Prime Minister. I looked back to 1979, and these are the return figures for the FTSE all-share over their first 12 months in office. + +Boris Johnson: -17.21% +Theresa May: 12.24% +David Cameron: 13.15% +Gordon Brown: -10.54% +Tony Blair: 31.77% +John Major: 13.90% +Maggie Thatcher: -13.89% + +Doesn't really give any clues as to what we can expect, but I thought some might find it interesting! + +My brother and I just purchased our first rental property (Quadplex). All the units are in great shape with long term tenants who had a great relationship with the last landlord. The previous landlord built the properties himself and had no mortgage on the properties. He rented each unit for $575 a month, while the current market rate in the area is around $800 a month. I have talked to 3 other landlords in the area who say we should raise the rent to at least $700 a month. All the tenants seemed concerned about the possibility of us raising the rent. After mortgage, taxes, insurance, and other expenses our net profit for the year would be around $1,000. We were thinking of raising the rent for each unit to $650 a month effective January 1, 2023. Giving the tenants around 2.5 months notice. Is this a good idea or should we go about this a different way? +Posting here because I got banned from a different sub for a day for this post from auto-mod for some weird reason. Want to bring the discussion around certain stocks right now to a media perspective. + +~~~~~~~~~ + +Why is the media still reporting on “Reddit investors” and not hedge fund stock market manipulation ? + +Highly illegal shit is going on and no one is reporting the story. Short ladder attacks, stock market manipulation, clearing houses, Certain brokerage apps restricting free trade, SEC not taking action... + +Who’s going to report the big bust of the century? Come on news. +I was recently reminded that LeBron James spends $1.5M/year on his body, including training, recovery and diet. Everything from cryotherapy, hyperbaric chambers, NormaTec leg boots, personal chefs, trainers, etc. Outside of monetary investment, he also gets 12 hours of sleep a day apparently. + +To those who spend money to keep their body optimal: where and how much do you spend? + +Edit: LeBron’s body being his primary asset is understood. And yes, sleep is cheap. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be reported and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education](http://bit.ly/2rMAXmq) wiki page. + +* **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I see a lot of different opinions on how economics works and what we should do to make it better. I think if someone feels strongly about their beliefs, they should take an actual macroeconomics course and then decide if they still believe what they say. +I was shocked when my friend told me they pay around $10,000 per year in body corporate fees for their single bedroom apartment. The place has two giant pools, multiple gyms and many elevators so I guess this makes sense… but apart from those obvious things are there any other unexpected/hidden costs to look out for? +I just received an unsolicited email on a protonmail email ID which I use exclusively for Zerodha. + +It's an advertisement for commoditybiz.in from a generic email garv4youlove@*****.com. + +Domain authenticition has also failed. + +I have taken great pains to ensure that this email ID is dedicated and never given out anywhere else or logged in from unknown machines or browsers. We all know once an email ID is out on the market the list is sold ad nauseum very quickly. + +As a long time member of this sub I know people take cyber security seriously here and would rather not put this on Twitter before asking here. + +Paging /u/nithin_kamath /u/knadh_zerodha + +Is this a genuine email from you guys or has there been a breach? + +I'm willing to provide the screenshots of the email barring my personal details. + +Needless to say this is not acceptable. +My wife and I recently went through the process of building a new custom home. Throughout the journey every supplier, store, and contractor we dealt with was 100% local and recommended to us by our builder or realtor. Hoping some people can pitch in with their own experiences on this, most likely relating to renovations. + +Lights: +Local gallery with tons of inventory. Everything was 3-5x more expensive than any big box lighting store in town. We had a budget through our builder so decided to just go with it. Their site claimed “price match guarantee”, however, not a single item on their site was branded or had a visible manufacturer. Everything was “chandelier, 12 bulbs”, “sconce, 18 inches”. Wonder why… Our assistant went on maternity leave halfway through and half of our lights ended up being incorrect or the wrong color. Closed on weekends, had to stop by during lunch breaks. Fun! + +Fencing: +Local contractor. Couldn’t reach him half the time. Would tell me he would come by next week to get started, then next week, then next week. Found out this morning that he is not coming by today as he is now in Florida on vacation and will start “next” week. $3000 deposit paid last month. Great so far. /s + +Tiles: +Local business. Helpful people working there but messed up our order. Later went to a big box tile company and found that we could’ve gotten similar or better tiles for a third of the money. 9-5, closed on weekends and Monday’s. Lunch breaks again. Sigh. + +Appliances: +Local business. Sold us on a brand bundle as we would get 15% off as a rebate upon delivery. The discount was found to be invalid as it did not apply to new construction homes. The employee was close with our builder and had worked with them for years. Missed out on a $1200 discount. Found out later that the place is run by hardcore Christian conservatives and several (insane candidate) political rallies are held there. Free country, but I would’ve noped out of that one if I had known. + +Rant over. Money is money. Employees at your local Lowe’s/Home Depot are your neighbors as well. + +- - - - - - - - - - + +EDIT: To be clear, the takeaway was simply that local companies didn't give us any better service for the substantially higher cost we paid. We were aware that we were overpaying throughout the process but thought it was for the best in terms of service and local support. It was our own personal home so we did not care about cutting corners with everything. I'm not mad, just surprised that it was such a sour experience. + +As for that political/religious appliance store comment that bothered some... We are talking campaign busses parked in their lots 24/7 with "aliens among us" and "communist deportation" crap written on them. Again, I respect their personal right to do that, but I'll buy my fucking microwave elsewhere, lol. +Right now Tron (TRX) is on number 6 spot with a market cap nearing $20 billion. So I thought I'd read the whitepaper and figure out what it is. + +Here is the whitepaper. + +https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + +On bottom half of page 2 + +Realization Path of TRON + + 1. Exodus, Data Liberation + + 2. Odyssey, Content Empowerment + + 3. Apollo, Free Movement of Value Decentralized Token Trading Exclusively for Individuals + + 4. Star Trek, Traffic Monetizing Gaming of Decentralization and Market Forecast + + 5. Eternity, Traffic Conversion De-centralized Game + +I shit you not, this is what the paper actually says. + +Here is the distribution on section 10.2 + +Total amount of TRX is 100 billion and will be allocated as follows: + +Public offering: 40% + +TRON Foundation and the ecosystem: 35% + +Private offering: 15% + +Pay initial supporter - Peiwo Huanle (Beijing) Technology Co., Ltd.: 10% + +CEO of Tron was the founder of Peiwo. + +Whoever is still buying Tron at this stage, good luck to you. + +*PS: To all you people saying I am spreading FUD, just reading the god damn whitepaper and decide for yourself. I will link it 3 times so you your fat finger can't miss even if you tried. + + 1. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + + 2. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + + 3. https://dn-peiwo-web.qbox.me/Tron-Whitepaper-1031-V18-EN.pdf + +If you honestly think this is legit after 2 pages then so be it. But don't blame me when you don't do your own research. + +Also, here is Elliot Rodger's manifesto for comparison. + +https://www.documentcloud.org/documents/1173808-elliot-rodger-manifesto.html + +If you still think that whitepaper (just read it) make more sense than a serial killer's manifesto. Then I got nothing left to say. + +JUST READING THE FUCKING WHITEPAPER + +(top x-post from Cryptocurrency. Credits to u/rockyrainy) +I’m a finance student that is finally sitting down and reading everything on my list - The Intelligent Investor, The Little Book That Builds Wealth, Common Stocks and Uncommon Profits, and so on… + +I’m a few chapters in and a lot of this stuff is telling me things I already know. I grew up listening to Buffett and the overall message I get is that the closest thing you’ll get to certainty in such an uncertain market is relying on fundamentals over the long-term; everything which I’ve enjoyed learning about in school through business/economics classes. + +That being said, I’m honestly finding myself more interested in a career outside of portfolio management. I’d like to do investment banking and eventually pivot towards venture capital. For all the work that goes into picking stocks, I feel like I’m (personally) far happier putting my savings into a market index and calling it a day as I focus my time on other interests. Maybe it’s the timing, but I’m also honestly unsure of what to make of the markets in their current state right now. I can’t imagine having a job where I analyze every company and come to the conclusion that it’s selling for way above its “fair” value. + +Should… I continue reading these books? I apologize if this is a dumb question. Maybe I’m thinking too highly of myself, but I feel like I haven’t gotten too much out of Graham’s book so far. I’m planning on reading Investment Banking by Pearl/Rosenbaum as it relates to the work I want to do, but as for the typical investment books that are recommended for people getting into finance, I don’t know if they’ll offer me much new insight. Although I’m sure they’re great for refreshing knowledge and for referencing in the future. + +Thoughts? +It's been good for a few years, but now I'm tired of this. + +Properties that need $30k in repairs with rents that will barely afford the mortgage. Agents telling me how getting $1300 a month on a $200k house that's 50 years old is somehow a good deal. Idiots buying vacant properties hoping to sell it at a higher price to an even bigger idiot (and sometimes succeeding!) A guy I went to college with who wrote a book and is promoting it after buying a single duplex. And now he's putting out youtube videos of how to analyze deals. + +I am simply tired of this. Too much dumb money chasing too little return. + +I'll be on the sidelines for the next year or two checking in here and there. When everyone else realizes they aren't making any money, me and the rest of us will be choosing from the buffet line. + +But for now, I'm just going to take some time off and look at other places to park my capital. +I’ve been lucky enough to have 80% of my portfolio in USD due to my faith in the global reserve currency and confidence in the S&P 500. However, like everyone else my portfolio is down but the exchange rate is propping things up about 8%. How do we take advantage of this? Every time our CAD sucks at around 70 cents the US market is typically down. Like now, March 2020 etc.. Should we just buy CAD when under 70 cents no matter how our US portfolio is doing? Look into ADR’s? +For people who don't know what FairTax is: + +FairTax is a 23% federal retail sales tax collected at the final point of purchase of new goods and services for personal consumption. This REPLACES all federal income taxes, as well as payroll taxes (SS/medicare), capital gains tax, alternative minimum tax, self-employment tax, estate tax, and gift tax. No more individual tax filings, no more IRS (collection is state-adminstered), no more lobbying for exemptions and deductions, no more loopholes. + +Since lower-income people spend proportionally more on necessities, a "prebate" is paid in advance to everyone equivalent to the amount of taxes one would pay at the poverty line. For example, the 2011 poverty line is $10,890 per adult plus $3,820 per child. Therefore, two adults with 0 kids would receive (10,890+10,890)x23% = $5,009/yr, or $417/mo. The more you spend, the less helpful the prebate is to you. If the couple spends $20k, $50k or $100k that year, their *effective* tax rates would be -2%, 13% and 18%, respectively. This makes the [distribution of the FairTax burden](http://en.wikipedia.org/wiki/Distribution_of_the_FairTax_burden) surprisingly progressive. + +In addition, all existing government programs like welfare, unemployment, social security, and medicare are still there. Under the current system, because benefits are capped, FICA taxes only apply to the first $107k of income. Under FairTax, rich people are effectively taxed for these programs on the *entirety* of their consumption, despite the limited benefit these programs provide for them personally. + +The 23% rate was specifically chosen because it: (1) raises the same amount of federal funds as are raised by the current system, (2) covers the universal rebate, and (3) covers the collection fees to retailers and state governments. + +More info: + +http://www.fairtax.org/site/PageServer?pagename=about_faq_answers + +http://en.wikipedia.org/wiki/FairTax + +**WHY I SUPPORT IT** + +The overall effect is that pretty much EVERYONE pays less in taxes. This is because the tax base is now MUCH larger. The underground black market in the US is estimated at $1-3 trillion. Drug dealers, illegal immigrants, and anyone else making money illegally would now be taxed upon consumption. Spending by tourists and government is also now taxed, as are foreign imports. Consumption is also more stable than income, resulting in a more stable source of revenue for government and reducing our susceptibility to unexpected debt problems. + +Hundreds of billions of dollars are saved in adminstrative overhead. The number of tax filers is reduced 86%, and filing complexity is reduced to a simple sales tax form. 60,000 pages of tax codes and laws are reduced to something you can read in a day. The elimination of tax deduction incentives, coupled with the transparency of a simple tax code, would significantly reduce lobbyist influence in federal politics. The neutrality of FairTax would eliminate social and economic inequalities in our tax code. The high visibility of the tax would also put pressure on the fed to control spending (arguably this is causing political opposition to FairTax). + +Currently every level of the supply chain is taxed -- the research firm, raw material supplier, manufacturing company, wholesaler, retailer -- all of which adds to the final sale price. With FairTax, all intermediate business transactions are tax-free until the final point of purchase. The intermediate savings will help offset the added cost of the tax in the final sale price. Also, don't forget that without income/payroll taxes, consumers have more to spend. + +FairTax would also help reverse our trade deficit and create jobs. Right now, due to US tax policy, foreign companies have a 17% competitive advantage. Even US-based companies have significantly outsourced operations just to avoid our income taxes. Under FairTax, there is no avoiding taxes if you want to sell to US consumers. This also puts domestic products and foreign imports on an even playing field. Conversely, if something is made in the US and sold overseas, there would be no federal taxes whatsoever. As a result, operations and jobs would rush back into the US and exports would be far more competitively priced internationally, helping reduce unemployment and rebuild the "Made in USA" brand. Also, since there would no longer be any tax benefit in holding money in offshore accounts, that money would be transferred back into US capital markets and put to work. + +Under FairTax, used goods are tax-free. The premium for new products would encourage people to invest in durability and reduce wasteful spending, reversing some of the environmental consequences of consumerism. The tax-free secondary market will not kill the market for new goods because supply and demand would eventually equalize the relative price differences. For example, since only new homes are taxed, they would initially be priced higher. The demand for new homes would then drop and existing homes would rise until a price equilibrium is reached. Eventually, the price of used homes would rise to indirectly include the tax originally paid when it was new. This applies to all reusable goods. + +It sounds almost too simple, but FairTax is one of the most thoroughly researched albeit untested tax reform plans in the world. Detailed analyses and economic simulations have been performed to evaluate the [predicted effects of FairTax on our economy](http://en.wikipedia.org/wiki/Predicted_effects_of_the_FairTax). I would be interested to hear what reddit thinks. + + +**TlKl** Launched last night . The first **Fully automated 10% BNB redistribution token on BSC.** 🤯 + + +"I am bringing this project to everyone who wants to listen, this is from the same guy who told you to buy EclipseToken at 1M marketcap - x180 afterwards." + +**Tech is the edge.** Nobody else cracked the auto-claiming. **Every 60 minutes, you get paid in BNB** 🔄 + +&#x200B; + +Devs added **100 BNB from pocket into LP POOL** \+ LOCK. You can guess the team’s commitment in this project. + +**PREMIUM Audit** is paid for. HASHEX.ORG , not your average shitcoin audit. + +Marketing team is also great, big marketing has not rolled out but yet TG is **6k organic members** and waiting investors. **+ 1.5K in Discord**. + +The bigger the bag, the bigger the redistribution. It incentivize HODLING so we can expect a great price action. + + + Massive marketing budget ! Big marketing connections on crypto platforms are going to be announced in a few hours 😉 + + +**DYOR and get in now !!** + + +**After just 16hours, there are 6000holders and it's LP is over 1.5m ,with a cap goal of over 100m !** + + +**Audit -** Hashex [https://twitter.com/HashExOfficial/status/1405607395183714311?s=20](https://twitter.com/HashExOfficial/status/1405607395183714311?s=20) + +**Whitepaper and tokenomics-** [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + + +**Discord :** [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) + +**Telegram :** [https://t.me/tikicommunity](https://t.me/tikicommunity) + + +**Website :** [https://www.tikitoken.finance/](https://www.tikitoken.finance/) +https://www.sec.gov/data/foiadocsfailsdatahtm - first text file, search "GME", and you'll see the fails to deliver suggesting a real number in the millions, unheard of - these are purchased shares that couldn't be found. I have no idea how this simple metric isn't widely reported. + +Hedge funds get paid more by fraudulently creating more shares when the stock goes under. They cannot cover anywhere near this price level because the shares don't exist. Manipulating the number of shares also dilutes the reported short float. Retail is holding on to shares they need and just not letting go, as some of those shares retail has are fraudulent. By the time they run out of money in interest payments dragging this out, it'll be a massive shitshow. + +[KEEP IT UP](https://i.redd.it/4fllvoc68we61.jpg) + +More info: http://counterfeitingstock.com/CS2.0/CounterfeitingStock.html + +:edit: 84 GME @ $87.16 avg. + +:edit 2: Please note one reason prices are still high is to encourage retail go to other stocks (looking at you AMC, BB, NOK), or get more easily duped by some scam like silver. It's always been about GME. + +When it comes time for them to pay up, expect the price to drop first. + +:edit 3: The price is now around where the volume dropped off. I think we're at the bottom, as long as we hold. I think the chance of seeing big upword moves is as high as its ever been. Unless they want us to sit here for a day. It's all very expensive psychology for them. +A lot of new investors consistently use PE ratio as justification as to why a stock is undervalued so here's a write up about the problems with that. + +## Background + +The price-to-earnings ratio is the most widely used multiple in the world. Pricing is much more common than valuing. In the DCF (Dscounted Cash Flow) model you have to make assumptions about growth, cash flows and risk, in pricing it requires fewer assumptions and its the simplest form of this approach.  + +## Comparing PE ratios across industries + +The P/E Ratio is difficult to use when comparing companies across industries. This is because different industries are evolving and making money in different ways and can have different P/E ratios. + +If we compute the P/E ratio for 15 other companies and the P/E ratio of your company is 10 and the ratio for this sector is 15, we say that stock is cheaper. We are assuming that the other companies are fairly priced in the industry and because of that your company is underpriced. We assume that all firms within a sector have similar growth rates, cash flow and risk, a strategy of picking the lowest P/E ratio stock in each sector will yield undervalued stocks. Cheap stocks are often cheap for a reason. Therefore, we are making implicit assumptions about the companies. + +This is the most common approach of estimating the P/E ratio for a firm but there are problems with this approach. Firms in the same industry can have different risk, growth prospects and profit margins. So if the stock looks cheap, it deserves to be cheap. + +## Investment Strategies that compare PE to the expected growth rate + +Analysts sometimes compare PE ratios to the expected growth rate to identify: + +* Firms with **PE ratios less than their expected growth rate** are viewed as undervalued; +* Firms with **PE ratios more than their expected growth rate** are viewed as overvalued. + +Another note to take is that bullish analysts like to use **forward numbers (1)** because it makes the P/E ratio multiple look lower. Bearish analysts always like to use **trailing numbers (2)** because it makes their stocks overpriced. In its more general form, the P/E ratio to growth is used as a measure of [relative value](https://www.investopedia.com/terms/r/relative-value.asp). + +1. **Forward P/E** forecasts projected future earnings of a stock. +2. **Trailing P/E** measures the [earnings per share](https://www.investopedia.com/terms/e/eps.asp) of a stock for the previous 12 months. + +## Problems with comparing PE ratios to expected growth + +The biggest problem with the P/E ratio is that it doesn’t take growth into account but it is affected by the growth. So it doesn’t tell you much about the company’s ability to grow revenues and earnings in the future. + +There’s three variables that drives P/E ratio for a stable growth dividend paying company: + +* First, payout ratio the % of earnings pay out as dividends; +* Second, cost of equity reflective of the risk of the stock; +* Third, expected growth rate. + +You have to put in control for differences in growths and earnings, cost of equity and payout ratios.  + +>"In its simple form, there is **no basis** for believing that a firm is undervalued just because it has a PE ratio less than expected growth. This relationship may be consistent with a fairly valued or even an overvalued firm, if **interest rates are high**, or if a firm is high risk." + +Some of the best performing stocks have had very high P/E ratios, such as Google or Amazon. + +## Comparing PE ratios across Emerging Markets + +By looking at the diagram below, Russian stocks look incredibly cheap. What we are actually missing here is that we have to consider the different [ERPs](https://www.investopedia.com/terms/e/equityriskpremium.asp) between the countries and **different controlling risk factors**. Riskier countries will have low P/E ratios but we have to bring real difference variables such as country risk, growth (high growth economies should have higher P/E ratios) and interest rates (high interest rate, low P/E ratio). + +https://preview.redd.it/iet1olj97t671.png?width=651&format=png&auto=webp&s=f254897f3c64d14a85cb25e66765063787aac254 + +*Emerging Markets, March 2014 (pre-Ukraine)* + +*Source: Aswath Damodaran lectures & videos* + +## The Bottom Line + +P/E ratio should not be used to determine whether a stock is worth buying. However, there is no single metric that can predict whether a stock is a good or bad investment but relative valuation should be used in conjunction with other tools such as a [Discounted Cash Flow](https://tracktak.com/) which takes its key factors in terms of cash flows, growth and risk and research about the company’s financial statements to get a good picture of a company’s value and performance. + +If you are interested in reading more about P/E ratios, check out Aswath Damodaran's blog posts here:  + +[*Cash, Debt and PE Ratios: Cash is an upper and debt is a downer!*](http://aswathdamodaran.blogspot.com/2015/06/debt-cash-and-pe-why-cash-is-upper-and.html) + +[*The Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios*](http://aswathdamodaran.blogspot.com/2015/05/valuing-pricing-cash.html) + +Or if you'd like more posts from me like this I usually post them to my sub first: r/tracktak and my blogs here [https://tracktak.com/blogs](https://tracktak.com/blogs). + +Thanks +A lot of new investors consistently use PE ratio as justification as to why a stock is undervalued so here's a write up about the problems with that. + +## Background + +The price-to-earnings ratio is the most widely used multiple in the world. Pricing is much more common than valuing. In the DCF (Dscounted Cash Flow) model you have to make assumptions about growth, cash flows and risk, in pricing it requires fewer assumptions and its the simplest form of this approach.  + +## Comparing PE ratios across industries + +The P/E Ratio is difficult to use when comparing companies across industries. This is because different industries are evolving and making money in different ways and can have different P/E ratios. + +If we compute the P/E ratio for 15 other companies and the P/E ratio of your company is 10 and the ratio for this sector is 15, we say that stock is cheaper. We are assuming that the other companies are fairly priced in the industry and because of that your company is underpriced. We assume that all firms within a sector have similar growth rates, cash flow and risk, a strategy of picking the lowest P/E ratio stock in each sector will yield undervalued stocks. Cheap stocks are often cheap for a reason. Therefore, we are making implicit assumptions about the companies. + +This is the most common approach of estimating the P/E ratio for a firm but there are problems with this approach. Firms in the same industry can have different risk, growth prospects and profit margins. So if the stock looks cheap, it deserves to be cheap. + +## Investment Strategies that compare PE to the expected growth rate + +Analysts sometimes compare PE ratios to the expected growth rate to identify: + +* Firms with **PE ratios less than their expected growth rate** are viewed as undervalued; +* Firms with **PE ratios more than their expected growth rate** are viewed as overvalued. + +Another note to take is that bullish analysts like to use **forward numbers (1)** because it makes the P/E ratio multiple look lower. Bearish analysts always like to use **trailing numbers (2)** because it makes their stocks overpriced. In its more general form, the P/E ratio to growth is used as a measure of [relative value](https://www.investopedia.com/terms/r/relative-value.asp). + +1. **Forward P/E** forecasts projected future earnings of a stock. +2. **Trailing P/E** measures the [earnings per share](https://www.investopedia.com/terms/e/eps.asp) of a stock for the previous 12 months. + +## Problems with comparing PE ratios to expected growth + +The biggest problem with the P/E ratio is that it doesn’t take growth into account but it is affected by the growth. So it doesn’t tell you much about the company’s ability to grow revenues and earnings in the future. + +There’s three variables that drives P/E ratio for a stable growth dividend paying company: + +* First, payout ratio the % of earnings pay out as dividends; +* Second, cost of equity reflective of the risk of the stock; +* Third, expected growth rate. + +You have to put in control for differences in growths and earnings, cost of equity and payout ratios.  + +>"In its simple form, there is **no basis** for believing that a firm is undervalued just because it has a PE ratio less than expected growth. This relationship may be consistent with a fairly valued or even an overvalued firm, if **interest rates are high**, or if a firm is high risk." + +Some of the best performing stocks have had very high P/E ratios, such as Google or Amazon. + +## Comparing PE ratios across Emerging Markets + +By looking at the diagram below, Russian stocks look incredibly cheap. What we are actually missing here is that we have to consider the different [ERPs](https://www.investopedia.com/terms/e/equityriskpremium.asp) between the countries and **different controlling risk factors**. Riskier countries will have low P/E ratios but we have to bring real difference variables such as country risk, growth (high growth economies should have higher P/E ratios) and interest rates (high interest rate, low P/E ratio). + +https://preview.redd.it/iet1olj97t671.png?width=651&format=png&auto=webp&s=f254897f3c64d14a85cb25e66765063787aac254 + +*Emerging Markets, March 2014 (pre-Ukraine)* + +*Source: Aswath Damodaran lectures & videos* + +## The Bottom Line + +P/E ratio should not be used to determine whether a stock is worth buying. However, there is no single metric that can predict whether a stock is a good or bad investment but relative valuation should be used in conjunction with other tools such as a [Discounted Cash Flow](https://tracktak.com/) which takes its key factors in terms of cash flows, growth and risk and research about the company’s financial statements to get a good picture of a company’s value and performance. + +If you are interested in reading more about P/E ratios, check out Aswath Damodaran's blog posts here:  + +[*Cash, Debt and PE Ratios: Cash is an upper and debt is a downer!*](http://aswathdamodaran.blogspot.com/2015/06/debt-cash-and-pe-why-cash-is-upper-and.html) + +[*The Value and Pricing of Cash: Why low interest rates & large cash balances skew PE ratios*](http://aswathdamodaran.blogspot.com/2015/05/valuing-pricing-cash.html) + +Or if you'd like more posts from me like this I usually post them to my sub first: r/tracktak and my blogs here [https://tracktak.com/blogs](https://tracktak.com/blogs). + +Thanks +Hey guys, + +It's looking increasingly like my wife and I will be unable to have children and with no desire to adopt, we're now shifting our financial perspective and goals accordingly. + +For those of you without kids and no plans for them, how has your life changed? What are some of the new factors we should consider or benefits we might take advantage of? + +Some thoughts that come to mind: + +\- Obviously money is a big one, kids are expensive and we'll no longer need to cover that. This can mean many things from a more luxurious lifestyle to retiring earlier + +\- My wife can continue working without mat leave or potentially becoming a stay at home mum + +\- House requirements change significantly (mainly that we don't need a big family home) + +\- We're much more flexible and able to move for work opportunities, including overseas + +\- A minor one, but since we're both full time WFH I'd even thought of buying two properties, one locally (Melbourne) and one in far North Queensland to live in during Winter + +&#x200B; + +Are there any other major benefits I may have missed? Obviously things like spare time and hobbies, but given this is Ausfinance I'm mostly thinking of finance related opportunities. Thanks +This is truly an honest question. I've always been interested in algo trading. But let's be honest, none of us have the data, compute power or storage that quant firms have and therefore things developed on here will not compare. + +Makes me wonder what the point in even trying is; the house always wins. Especially those users who sell their algorithms that perform well on backtests. Lol. I can sell you a lotto ticket with the same chance of making money in the long term +We would like to take some time to look at our progress over the past few months, to consider the future direction of FatFIRE, and to give our members the chance to post questions and provide feedback. + +Plenty of changes were made during this period, including minor changes to the rules, the introduction of Mentor Monday and the creation of a “Verified Members Only” post flair. We had some great posts, too, such as /u/WasKnown ‘s [journey to 8 digit wealth as a college student](https://www.reddit.com/r/fatFIRE/comments/ie0fib/i_made_8_digits_as_a_college_student_heres_what_i/), u/uDontLifeForBeSad ‘s [deep dive into the Psychology of Money](https://www.reddit.com/r/fatFIRE/comments/itwf03/what_rfatfire_can_learn_from_the_book_psychology/) and, of course, u/SypeSypher ‘s [infamous submarine post](https://www.reddit.com/r/fatFIRE/comments/ih7bcx/annual_costbudget_needed_to_own_a_private/). Thanks also to /u/regoapps for designing our beautiful custom icon, which works for /r/FatFIRE on so many levels. + +At the same time, FatFIRE has grown by a further 30%, or more than 30,000 new members. Daily traffic is more than double what it was about ten months earlier, with 3.8 million pageviews in December alone. Mods would be the first to acknowledge that we have experienced some growing pains as a result – we’ve handled somewhere between 3,000 to 4,000 reports since August. + +With that in mind, here is a short list of the challenges facing FatFIRE and how we propose to address them: + +**1.) Influx of rule-breaking, repetitive or low effort posts** + +Despite the rules in the sidebar and our new welcome message, there are still regular posts that amount to “I am a college freshman, what program should I enter?” or “Can I afford this car?” or similar topics. + +Proposed Solution: Create automatic comments for unflaired and ‘Path to FatFIRE’ submissions that remind posters of the common reasons why posts are removed, and ask that they edit or remove their post if necessary and repost in Mentor Monday if appropriate. + +These automod comments would not be stickied, and the posts would still receive the same level of moderation as they do now. + +We will also revisit the flair topics, and add to them as necessary. This step should also make it easier to avoid certain repetitive topics – Relationships, Milestones, etc. – as members can limited their browsing to preferred subjects. + +We would also suggest that members consider voting more often – upvoting high quality content and downvoting and continue reporting low quality and rule-breaking submissions. + +If these posts continue, then we may consider making flair mandatory at some point in the future. We don’t believe we yet need to look at removing FatFIRE from the ‘recommended subs’ panel (thereby slowing the arrival of new members), but that is another step we might consider if this rapid growth continues. + +**2.) Mentor Monday** + +Thus far, Mentor Monday has received a consistent number of comments and comment-replies, and has generally served its purpose of providing a spot for aspirational members to post early-stage submissions without overwhelming the main feed. + +However, many users of Mentor Monday have noted that it is difficult to find, and that they would prefer that the thread be stickied. Other users have raised concerns that this will distract from the rest of the sub. + +Proposed Solution: We are reluctant to sticky the Mentor Monday threads. However, there is a [collection link](https://www.reddit.com/r/fatFIRE/collection/8104ae5e-4157-4a31-9657-369c31a81ec8) associated with the Mentor Monday threads, so we’re looking at adding that to the rules, the future FAQ, and to the automod flair comments mentioned above. We will plan to revisit this next State of the Sub, once we see how the flair reminders has worked out. + +However, we would consider leaving the collection link itself stickied at the top of the sub or even stickying the Mentor Monday threads themselves, so please feel free to comment with your feedback either for or against these potential options. + +**3.) ‘Verified Members Only’ post flair not being used** + +The Verified Members Only post flair has largely gone unused. This may be because so few members realize that it’s available. While we do not want these posts to take over the sub, there are times when this feature would be a better option. + +Proposed Solution: Add the following text to Rule 4: “Verified members can elect to flair a post ‘Verified Members Only’ to only receive comments from verified members.” + +\[Edit: This change has been made.\] + +**4.) ‘Bending the rules’ for popular posts** + +Generally speaking, mods will allow posts that technically contravene the rules if that post is popular with the community. + +For example, an heiress who stands to inherit 50 million pounds and does not know where to start is in violation of Rule 2, and yet that post garnered more than 500 upvotes and hundreds of comments. We elected to approve the post anyway given its popularity. + +In the case of borderline posts that receive a high number of comments but a low number of votes, mods will generally lock the thread rather than remove it. This retains the feedback provided by our members. + +Proposed Solution – Carry on with this strategy as before, but we are open feedback on this. + +**5.) FatFIRE FAQ and recommended reading lists needed** + +A FAQ and recommended reading list will be our next priorities after the State of the Sub discussion is concluded. If you have suggestions for questions and topics to cover in these posts, please leave a comment. And in the meantime, we would encourage you to check out the new [FatFIRE Index](https://fatfireindex.com/) site developed by u/flowing_serenity. + +Thanks for reading this far, and for being part of this community. Please feel free to leave a comment regarding any of the issues and solutions proposed above, or with other issues you might wish to raise at this time. +Like, i know people like to talk about inequality (at least in the USA) but the median wage in america is like 4 to 6k usd, compared to 3k in some of europe most expensive cities + +Singapore you would think would have similar wages due to similar GDP per capita, but some average people there make less than cleaners in Norway + +And Switzerland is just out of the park, although this one i think is due to how expensive that country is + +What explains this, is it the Silicon Valley or American research spending or something like that? +Beta testing of FCFPay begins TODAY! The FCF ecosystem is about to see the light! + +$FCF is a revolutionary token developing a cypto payment gateway that is integrating with the two biggest e-commerce platforms – WooCommerce & Shopify! Imagine paying on e-commerces with crypto! You could shop online and spend your crypto gains without having to send them to the bank. This would make Crypto the CASH of the internet! + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF as inevitable for mass adoption and secures the future of FCF as an essential crypto technology! + +$FCF got listed on 4 exchanges in 4 weeks! LBANK, HOTBIT,COINSBIT AND LATOKEN. There is more to come! Dev is working on [GATE.io](https://GATE.io) and KUCOIN + +The payment gateway will incentivize adoption by featuring a fee structure lower than PayPal and credit card processing companies. + +Beta testing begins today and going live in February, FCF Pay will allow you to buy flowers with BNB and order food with Cardano (or any other crypto) without requiring you to swap crypto for fiat and then transferring that into your bank account! Simply buy with your existing credit card using the FCF payment gateway! + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with 5% BNB dividends based on trading volume AND when FCF Pay is launched, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +&#x200B; + +FCF is also launching an NFT collection, The FrenchFellas! + +The Dev is always active and always OVERDELIEVERS. + +Dev is Doxxed, KYCd and a Certik audited! + +&#x200B; + +Medium: [https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7](https://medium.com/@fcf/fcf-pay-january-4th-abd34c2d7ee7) + +NFT COLLECTION JUST LAUNCHED over 25% already sold! You can win up to 140 000$ by minting: [www.frenchfellas.com](https://www.frenchfellas.com) + +&#x200B; + +Website: [www.frenchconnection.finance](https://www.frenchconnection.finance) + +NFT Website: [www.Frenchfellas.com](https://www.Frenchfellas.com) + +Contract: 0x4673f018cc6d401aad0402bdbf2abcbf43dd69f3 + +Telegram: [https://t.me/frenchconnection\_bsc](https://t.me/frenchconnection_bsc) +&#x200B; + +[WSB fund alongside the market](https://preview.redd.it/f7s1tlkf5ai61.png?width=1400&format=png&auto=webp&s=45ac4d5c922dbacc6db861ca4343be2252aa81d7) + +I’ve spent a large part of the last year working with data from r/wallstreetbets and want to show how to create and backtest a simple strategy using [the data](https://api.quiverquant.com/). With a few extra steps, the code shown here could be modified to algorithmically trade based on discussion by retail investors. + +Because I figured that some of you would only be interested in the results of this strategy, you can find [a few visualizations summarizing the output here](https://www.quiverquant.com/sources/wsbperformance). + +If you're interested in hearing about the process of implementing the strategy, read on. + +# The Strategy + +Simplicity is the goal here, as I just want to provide a framework which can be built upon as desired: + +1. Get data on the previous week’s WallStreetBets discussion. +2. Identify the five most mentioned stocks. +3. Buy those stocks at the start of the trading week, sizing positions based on how much they were talked about in proportion to each other. +4. Sell positions at the end of the trading week. +5. Repeat + +One thing which I do not incorporate into this strategy is any information on the sentiment of wallstreetbets towards individual stocks. While the subreddit generally tends towards long positions (“stocks only go up” is a common saying) this is something that might be worth implementing in a more sophisticated strategy. + +## Implementation + +**Getting wallstreetbets discussion data** + +I used the [quiverquant package](https://pypi.org/project/quiverquant/) in Python to easily access wallstreetbets discussion data through [Quiver Quantitative’s API](https://api.quiverquant.com/). + +I use the Institution plan of this API in order to get live comment-level data but, with a few changes to my code, you should be able to implement a similar strategy using the Trader plan. + + import quiverquant + import pandas as pd + + #Replace <token> with your personal token + quiver = quiverquant.quiver(<token>) + + df = quiver.wallstreetbetsComments(date_from=”20180901") + +[Wallstreetbets discussion data](https://preview.redd.it/2pjc32xh5ai61.png?width=1032&format=png&auto=webp&s=1e657613383c711d5461d51120dff786a8a51387) + +Using the above code, I am able to get a Pandas DataFrame of approximately 3.3 million rows with data on ticker mentions on wallstreetbets going back to September 2018. Note that if you’d like to dive deeper into sentiment analysis of comments, you can use the wallstreetbetsCommentsFull function with the Institution plan. + +I will then group the data to get the number of times each ticker was mentioned each week. + + #Get date of comments + df["Date"] = df["Datetime"].dt.date + + #Get number of comments mentioning each ticker on each day + dfDay = df.groupby(["Ticker","Date"]).count().reset_index() + + dfDay = dfDay.rename(columns={"Puts": "Mentions"}) + dfDay = dfDay[["Ticker", "Date", "Mentions"]] dfDay["Date"] = pd.to_datetime(dfDay["Date"]) + + #Get total mentions by week + dfWeek = dfDay.groupby([pd.Grouper(key='Date', freq='W-MON'), 'Ticker'])['Mentions'].sum().reset_index().sort_values('Date') + +[Wallstreetbets discussion data grouped by week and ticker](https://preview.redd.it/f4nbmtpl5ai61.png?width=514&format=png&auto=webp&s=af6bb30ea28329fcfc13083c5d4edc20b8a23d2d) + +&#x200B; + +**Backtesting** + +Next up is the implementation of the strategy. I’m not going to go into too much depth on this block of code, because I expect that most of you will be more interested in building your own strategies rather than copying the one that I show here. + + import yfinance as yf + import datetime as dt dfLarge = dfWeek[dfWeek["Mentions"]>1]dfLarge = dfLarge.sort_values("Date", ascending=True) dates = dfLarge["Date"].unique() + + #Initial capital of mock portfolio + capital = 100000 + + started = False + startedDFW = False + + for date in dates[:-2]: + dfW = dfLarge[dfLarge["Date"]==date] + dfW = dfW.sort_values("Mentions", ascending=False).head(5) + dfW['prop'] = dfW['Mentions']/dfW["Mentions"].sum() + dfW['buy'] = capital*dfW['prop'] + buyDate = date+pd.Timedelta(days=6) + dfW['buyDate'] = [buyDate]*len(dfW['buy']) + if not startedDFW: + dfWs = dfW + startedDFW = True + else: + dfWs = pd.concat([dfWs, dfW]) + sellDate = date+pd.Timedelta(days=15) startedWeek = False + print(date) + for index, row in dfW.iterrows(): + ticker = row["Ticker"] + print(ticker) + try: + ytStock = yf.download(ticker, start=str(buyDate.date()), end=str(sellDate.date()), interval="1d").reset_index() + shares = row["buy"]/ytStock["Adj Close"].values[0] + ytStock = ytStock.iloc[1:] + except: + print("Error") + ytStock = yf.download("SPY", start=str(buyDate.date()), end=str(sellDate.date()), interval="1d").reset_index() + shares = row["buy"]/ytStock["Adj Close"].values[0] + ytStock = ytStock.iloc[1:] ytStock["OpenAmount"] = ytStock["Open"]*shares + + ytStock["CloseAmount"] = ytStock["Adj Close"]*shares + ytStock["Ticker"] = [ticker]*len(ytStock["OpenAmount"]) + ytStock = ytStock.fillna(method='ffill') + ytStock = ytStock.fillna(method='bfill') + ytStock = ytStock.dropna() + if not startedWeek: + dfCombined = ytStock + startedWeek = True + else: + dfCombined = pd.concat([dfCombined, ytStock]) + + if not started: + dfAll = ytStock + started = True + else: + dfAll = pd.concat([dfAll, ytStock]) + + capital = 0 + for ticker in dfCombined["Ticker"].unique(): + dfT = dfCombined[dfCombined["Ticker"]==ticker] + capital+=dfT["CloseAmount"].values[-1] + print("Week end capital: ", capital) + +&#x200B; + +**Visualization & Analysis** + +Because I want to compare the performance of this WSB portfolio with the market, I will also get data on the performance of SPY over the same time frame. + + dfDay = dfAll.groupby("Date").sum().reset_index() + dfDay["Fund"] = ["WSB"]*len(dfDay["Close"]) + dfSPY = yf.download("SPY", start="2018-09-01", end="2021-02-18", interval="1d").reset_index() + dfSPY["Fund"] = ["S&P 500"] * len(dfSPY["Open"]) shares = 100000/dfSPY["Open"].values[0] dfSPY["OpenAmount"] = dfSPY["Open"]*shares dfSPY["CloseAmount"] = dfSPY["Close"]*shares + + dfCombined = pd.concat([dfDay, dfSPY]) + +&#x200B; + +Now I can graph out how the WSB fund did compared to the market using Plotly. + + import plotly.express as px + import plotly + + fig = px.line(dfCombined, x="Date", y="CloseAmount", title='WSB', color="Fund", color_discrete_sequence=["rgb(229, 81, 39)","rgb(118, 213, 232)" ]) + + wsbReturn = (capital-100000)/100000*100 + + fig.update_layout(title="<b>+"+str(round(wsbReturn, 2))+"% Return</b><br>Aug 2018 - Feb 2021", titlefont=dict(color='rgb(229, 81, 39)', size=20), plot_bgcolor='rgb(32,36,44)', paper_bgcolor='rgb(32,36,44)') + fig.update_xaxes(title_text="",color='white', showgrid=False, tickfont=dict(size=10)) + + fig.update_yaxes(title_text="$", color='white', showgrid=False, titlefont=dict(size=20),gridcolor="rgb(228,49,34)") fig.update_layout( legend=dict( title=dict(text="",font=dict(color='white')), x=.85, y=1.15, font=dict( color='white', size=15 ) ) ) + + fig.update_traces(line=dict(width=3)) + fig.show() + +[WSB performance vs. market](https://preview.redd.it/lzrvwfzo5ai61.png?width=1400&format=png&auto=webp&s=d18155260b1b7136ad52b15e54ba6b0cc4c83c4a) + +I can also see what the portfolio was comprised of each week. + + import plotly.graph_objects as go + + fig = go.Figure(px.bar(dfWs, x="buyDate", y="buy", color='Ticker',text='Ticker',color_discrete_sequence=px.colors.qualitative.Light24))fig.update_layout(title="Portfolio by Week", titlefont=dict(color='rgb(228,49,34)'), plot_bgcolor='rgb(32,36,44)', paper_bgcolor='rgb(32,36,44)') + + fig.update_xaxes(title_text="",color='white', showgrid=False, fixedrange=False) fig.update_yaxes(title_text="$",color='white', showgrid=False, fixedrange=False,gridwidth=1,gridcolor="rgb(109,177,174)") fig.update_layout( legend=dict( title=dict(text="Ticker",font=dict(color="white")), + font=dict( + color='white' + ), + )) + + fig.show() + +[Portfolio by week](https://preview.redd.it/t3t9qlyq5ai61.png?width=1400&format=png&auto=webp&s=975da90d2d0af2ce503e62d8b07dad61dcd8698b) + +This graphic is pretty indistinguishable as a static image, but I put interactive versions of the visualizations up on this [dashboard](https://www.quiverquant.com/sources/wsbperformance), which allows you to see the information by zooming and hovering. + +# Conclusion + +It probably goes without saying that the past performance of this strategy is no indication of future results and that this post is not intended as financial advice. + +That being said, I do think that, in the right hands, there is strong potential in using data from wallstreetbets discussion to generate alpha. +Hi, I am looking for help with my European bank, N26. This is my only European bank and I live in Germany. + +They closed my account without warning, and have not returned my salary and my savings... several months of income. All that's going into there was my full-time employment income. This has had serious financial consequences on me. There is no support available in any form, I could not log in, the online assistant is not available to me without a login, and I am only getting a response through the complaints department email. + +What possible course of action do I have if they refused to return my savings? Are they entitled to just keep my money? + +>Unfortunately, we have to inform you that after an internal examination we have decided to terminate the business relationship with you according to no. 19.1 of our General Terms and Conditions. + +>As a financial institution, N26 Bank GmbH is subject to legal supervision and obliged to comply with German regulatory requirements. Due to the nature of these requirements, N26 Bank GmbH is obliged to conduct reviews on all accounts to monitor account usage and transaction activity. + +>In accordance with these obligations, we’ve conducted an investigation into your account and the relationship you hold with N26 Bank GmbH. As a result of this, we inform you that a violation of the "General Terms and Conditions" of your account has been identified. + +>Given our current findings, we exercised our right of termination according to paragraph §19 (3) of the Terms and Conditions mentioned above. This means N26 Bank GmbH will no longer continue its contractual relationship with you. + +>Due to these circumstances, it is currently not possible to release the funds from your N26 account. However, kindly note if you have evidence that you feel serves as proof of the source of the funds in your N26 account, please provide these documents to us. We will forward the documents to the respective department for a review to assess whether the payout of the remaining funds in your account is possible. + +--- +**Update (21st Aug):** Success - I just got my cash transferred out to my other account! I set up a Waze account, and transferred it elsewhere via Waze. + +Presumably they returned everything I had, without hidden fees. But they still haven't given me my personal data or account statements yet so I can't confirm. I'm waiting for the 1 month *GDPR Right of Access* to expire before taking this further. + +To get to this stage it was all via the complaints department (and also a complaint to BaFin who I suspect helped move the investigation along) - Support@N26 and web chat were worse than useless. I proved the funds were legit by sending them 2 years of payslips (yet having had the account for only 1 year), and proof of identity and proof of another account in my name. And they still insist that I have broken their T&Cs and were right to close my account, without ever telling me what specifically I did. + +Overall I was without any access to my cash or my salary for over 6 weeks. Now to start paying back people who I've had to borrow from... + +In summary, I was one of the lucky ones. Do not store any significant amount in an N26 account - Don't get salary paid into your N26 account because it's very well possible it could all be closed without warning and without explanation. +Hi all, + +I recently had a car accident where my car was written off by a driver who rear ended me due to a medical event. My insurance was lowballing me 40% of the cars value in my payout. Details here - https://www.reddit.com/r/AusFinance/comments/lkwvv3/car_accident_and_my_car_was_written_off_party_at/ + +Just by way of closure for those in the future, I followed these steps as recommended in the thread: + +- As a clarification to my original thread, from the comments I realised I had to go through my own insurance and not the 3rd parties insurance. So from that point on when I realised I only dealt with Bingle. + +- In writing and verbally I rejected their original offer and let them know I had no obligation to accept within their 7 day period and that I would be stating my demands shortly. + +- Over the next day I went online and found around 7 similar cars on CarsGuide and other second hand websites, printed to PDF and saved their links. + +- I then wrote a strongly worded email holding them against what was written in their contract to "Pay the fair market value of the car at the time of the accident" which was in the PDS for my policy. On the phone they were trying to weazle out of paying saying COVID had pushed prices up unreasonably and cars weren't actually selling at what was listed due to bargaining etc. This was obviously BS hence why I mentioned the contract. + +- Attached to this email were the PDFs of similar cars and all evidence as well as original links. PDFs were important in case the links changed or a car was sold and taken offline. + +- In the letter I stated that I was after $14k (the upper end of what the car was worth) and that if they would not offer me fair value I would take my claim to the AFCA (https://www.afca.org.au/make-a-complaint/insurance) where I had plenty of evidence that they were not in good faith operating on my behalf nor fulfilling their contractual obligations. I let them know I had plenty of time and patience to do so. + +- I let them know what I wanted. $14k with my own expectation that they would come to the table with less but at least I'd anchored it at the upper end. I stated the car had been garaged its whole life, was in good condition internally/externall and made my case for why it was worth what I was asking for. Basically anything that sets it apart from any random second hand used car. + +After sending in this letter and calling the assessor to essentially read out the main points of the letter he went away and 'escalated it'. 7 days later they called me back offering $12k. While this falls short of the $14k I'm happy to cop the small difference and move on. Within a matter of days I had the money. + +The assessor also said they used their own internal tool to estimate the prices of cars which wasn't reflective of COVID pricing. Therefore anything above this needed to be escalated and approved. I'm not really sure I buy this, but just forwarding it on. + +Just wanted to leave this update here for those who may find themselves in a similar situation in the future. Know your rights and that Insurance companies will always low ball you and pocket the margin. I'm sure they got $14k from the at faults insurance and they pocketed the difference. Push hard, hold them against the contract and threaten the AFCA and chances are they will give you what you want if you are a squeaky wheel about it. + +All in all around 2-3hrs of effort saved me $5k. You can win! +Hey, +This is not a rant from an Eth holder as I am more of a daytrader and I observe some of the currencies. I don't own any eth. + +Each time there is an indecision (end of a triangle, tightening of bollinger bands, testing of a support line, or whatever strategic moment): + +-Giant sell wall with absolutely nothing to gain from being here comes from nowhere + +-"Painting" happening on GDAX with bots spaming many small sell order (famous 0.001627) for each buy order, this has an anxiogenic intent as the history looks entirely red. + +-Multiple limit sell order appearing then disapearing (the same ones) creating the illusion of very active selling motion. + +This is done to induces a psychological habituation that Eth will dump when BTC dump and Eth will not rise when BTC pump. + +Since it happens to be a recurrent manipulation, I do think now that it is NOT tactical but a long term strategy to make the second capitalisation, to STAY the second one by a long way. +I really think there is a currency war going on and some people are too naive to figure that, and they think "tech" and updates is the key to success, and as you can see nowadays it is not the only thing that matter!! + +I just cannot be the only one to have observed this. + + + + +Edit: +https://www.reddit.com/r/ethtrader/comments/79q6h7/why_is_someone_using_a_script_to_sell_small/?st=j9elic0r&sh=78e48b1a + +Some Proofs: +This screenshot shows the end of a triangle (decisive moment), testing a support, giant sell wall appeared, discouraging everyone and the resistance broke. +[Imgur](https://i.imgur.com/N5sFGKS.png) + +On this one you can see the selling script, but I wittnessed more relevant actions on GDAX with a script who counterattacke like 6 small selling for a buy, you can also see the giant wall on that one: +[Imgur](https://i.imgur.com/1FKi2Jl.jpg) + +Ha finally found an old screen from GDAX. For each buy order the script spaming 5-6 irrelevant (0,50 USD) sell order: +[Imgur](https://i.imgur.com/kyTGf01.jpg) +In a major blow to Amazon, a California court ruled that it can be held liable for faulty goods sold on it’s marketplace. I used to be an Amazon 3rd Party Seller, and the crap that you can buy in China in bulk, have the supplier slap your private label on the products, and launch them on Amazon, without any oversight from them is truly shocking. It really is the Wild West, and really needs to be much better for a company that rich and powerful. + + https://www.cnbc.com/2020/08/13/amazon-can-be-held-liable-for-faulty-goods-court-rules.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +Lets say I have 25L in cash with me and I want to buy a house. There are 2 scenarios, I can buy it all cash or I can finance it at 6.5% interest. + +1. I buy it with Cash. I have a house from day 1. + +2. I make 20% down payment and take 20L home loan at 6.5% for 20 years, which makes EMI of 15k per month. +Now I take the 20L cash and put it in Nifty Index and withdraw 15k per month from it. + +I have calculated the returns for it. + +If Nifty performs bad for 20 years then lets say it gives 8% CAGR, and I withdraw 15k per month from it for EMI. I will be left with 7L in my portfolio after 20 years of paying the EMI. + +If the market performs as per past and gives 13% CAGR and I withdraw 15k per month. I will be left with 78L in my portfolio after paying all the EMI. + +Overall I think this should be the way if I have cash and wants to buy the house. But it seems to good to be true. Am I missing something? Or this is a correction calculation? + +Please share your thoughts. +Before you spend another day hosting your shill hedge fund buddies to come on the air and demonize r/wallstreetbets I hope you read this. + +Your contempt for the retail investor (your audience) is palpable and if you don’t get it together, you’ll lose an entire new generation of investors. + +I keep thinking about these funds that are short GME like your boys at Melvin Capital / your coverage of this subreddit and I’m getting madder and madder. + +These funds can manipulate the market via your network and if they screw up big because they don’t even know the basics of portfolio risk 101 and using position sizing, they just get a bailout from their billionaire friends at Citadel. Then they have the nerve to turn us into public enemy #1 just because we believe in an underdog company getting a second chance. + +We don’t have billionaires to bail us out when we mess up our portfolio risk and a position goes against us. We can’t go on TV and make attempts to manipulate millions to take our side of the trade. If we mess up as bad as they did, we’re wiped out, have to start from scratch and are back to giving handjobs behind the dumpster at Wendy’s. + +Seriously. Motherfuck these people. I sincerely hope they suffer. __We want to see the loss porn.__ +Yep you read the title right + +&#x200B; + +How I'm going to do it welp let me tell you. + +&#x200B; + +Firstly I earn roughly about 80k before taxes I have no expenses besides necessities such as paying for my apartment and phone + other stuff. The rest goes to my savings account and some to the stock market (roughly 10% to bitcoin) recently I have realized that I do not enjoy what I do and unfortunately would rather go back to school. Although I also do not want to indebt my self too much. So i decided to produce as much as passive income as I can so that way I can concentrate in other projects that I would very much be excited to work on. + +&#x200B; + +I'm thinking of placing at least 1-1.8K every month into QYLG NUSI DIVO JEPI. In addition to that I would be re-investing the earning into VOO, SPY and QQQ. I also have the holy trinity of drinks but unsure if to sell KO SBX and PEP. The rest of the money will into an emergency fund and a savings account where I can liquidate this money as quick as I can in case of an emergency. Although I am willing into cutting a lot more for the sake of producing more passive income. + +Additionally to that I do have a total of $4k stocks at the moment in various other companies although it seems that VOO, SPY, and QQQ would outperform them all so i would most likely sell them and place them into these 3 with DRIP. + +&#x200B; + +Any thoughts? +Like many others on this sub, I am heavily invested in technology, growth, disruptive innovation, healthcare and clean energy, AKA everything that has been getting slaughtered over the past few weeks. To make matters worse, I mostly bought the vast majority of my portfolio in early February when valuations were at all time highs. I couldn't have picked a worse time to buy in if I had a time machine and a desire to lose money. + +In spite of my recent poor timing, I do consider myself somewhat of a knowledgeable investor. I have been following the markets for nearly half a decade thus far even though I haven't had the capital to invest myself until very recently. + +My goal with this post is to share several reasons why I am optimistic about the markets and my investments in the near future, despite my seemingly terrible timing of the market, which I believe will be of little importance by this summer. + +This reasoning is not based on any specific company or ETF, but is rather a top-down zoomed out look of the overall market and economy. I will however pay particular attention to the Nasdaq, which is the exchange in which most of the companies that have been hit the hardest in the aforementioned sectors are traded. + +So without much further ado, here are five reasons for my optimism: + +**#1: Inflation** + +There were a lot of inflation fears throughout late February and early March due in large part to concerns that the injection of money into the economy via the $1.9T stimulus bill would plummet the buying power of the dollar. However, the Consumer Price Index report this past week alleviated some of those fears and showed that we're in better shape than we expected. The core consumer price index, which excludes volatile food and energy costs, increased 0.1% from a month earlier and 1.3% from the prior year. The overall CPI rose 0.4% from the prior month and 1.7% from a year earlier, a Labor Department report showed Wednesday. The median estimate in a Bloomberg survey of economists for the month-on-month change in the CPI was for a 0.4% gain. The core measure was projected to rise 0.2%. [source](https://www.bloomberg.com/news/articles/2021-03-10/measure-of-u-s-core-consumer-prices-rises-less-than-forecast) + +**#2: Bond Yields** + +The Treasury had a pretty successful bonds auction and this stabilized the bond yield, which was probably the biggest driver of the recent correction. To make a complicated topic simple, the price of a bond is inversely related to its yield. When one goes up, the other goes down. If there is high demand for US government bonds, the price of the bond will go up, meaning the yield on that bond will go down. This is an established economic principle. When the yield suddenly increased at a fast rate 3-4 weeks ago, it caused huge fears that equities would no longer be the best place to invest cash. To explain this, if the yield is high, it becomes more tempting to invest in. If you had 100 investors each with $1000, maybe 5 of them would invest $50 into bonds if the yield is 1%, however if the yield increases ever so slightly to 1.15%, then you may find that you now have 7 of those 100 investors who are now interested in investing an average of $70 into bonds. This may not seem like a huge deal, but any money that goes towards bonds is money that isn't being invested in equities. Anyways, the US Treasury recently auctioned off its bonds, and the demand for them was better than expected. As we all know, when demand is high, that means price will be high, and using the aforementioned principle, if bond price is high, that means bond yield will be lowered. [source](https://www.cnbc.com/2021/03/10/us-bonds-treasury-yields-climb-ahead-of-february-inflation-data.html) + + +**#3: VIX Fear Index** + +Much of how the market performs is based on investor sentiment. For the two above reasons, sentiment was recently not incredibly optimistic, even though the drivers of this lack of optimism are not exactly very convincing. One way to look at market sentiment is to use the VIX, which is a fear indicator based on whether options traders are buying put or call options. In brief, the VIX goes up if there is more fear in the stock market and it goes down if there is less fear, so as investors, we ideally want the VIX as low as possible, because it means that there is relatively more confidence in the markets. How does the VIX measure fear? It examines the options markets. If there is an increasing number of options traders buying put options (meaning they are shorting the market), then sentiment must indicate that people think the market is going to go down and there is a lot of fear in the market, causing the VIX to increase. If there are more people buying call options (meaning that traders are long on the market), then the VIX goes down. Ideally we want it under 20 and right now it's at around 20.7, down from like 29 less than two weeks ago [source](https://finance.yahoo.com/quote/%5EVIX/) + + +**#4: Nasdaq Futures** + +This is less of a convincing data point, but a data point nonetheless, but Nasdaq futures have been trending up. Since March 3rd, they're gone up 600+ points from ~12,300 to ~12,950. Futures trading are similar to the VIX, basically they are forward looking derivatives that can be used to examine market sentiment. As futures trend up, it correlates to overall increased faith in the market, in this case the Nasdaq. Keep in mind, futures are not the greatest indicator, but they are an indicator. It's important to note that futures can change in a second and be drastically different at market open. However, in spite of not being the most ideal indicator, they are at last moving in a direction that you want them to move in. [source](https://www.investing.com/indices/nq-100-futures) + + +**#5: Technical Analysis** + +From a technical analysis point of view, the QQQ, which is an ETF that tracks the top 100 companies traded on the Nasdaq, has broken through key resistance levels and then found support at those previous resistance levels, which is an indicator of a bull run to come in the near future. Technical analysis can be a very helpful tool for analyzing trends in a stock or an ETF. I could speak for hours about all kinds of nuances with technical analysis, and some investors are technicians whose entire careers are based on this strategy of analyzing markets. To put simply what I want to point out, there are things called support and resistance lines. Basically, a resistance line, is a sloping line that represents a price at which a stock struggles to surpass. The stock price rises and nears the resistance, but when it gets close, it typically faces resistance (hence the name) and begins to drop. Surpassing a resistance line is a very good sign of an impending bull run. Once a resistance line is broken through, that same line then becomes a support line, which is sort of the opposite of a resistance line. Support means that when a stock price is falling, it will near the support price and then rebound up. Basically, the price has dropped to a point that is low enough where now investors want to buy the stock and because of their demand the price increases. When a resistance line (a price the stock struggled to surpass) becomes a support line (a price that the stock doesn't drop below) that is a good sign that we may be ready for a bull run. + +Well, this exact thing just happened to the QQQ. $315 was roughly the resistance price that QQQ was struggling to get above since mid-February when it began dropping, but it managed to break through that last Thursday going up as high as $319, then it turned that $315 into support on Friday when it fell to $314 but didn't continue and closed at $315. Full disclosure, I may be a bit premature on this, and many technicians may want to see a bit more proof that this isn't a bull trap and that $315 is truly a support level, and I think that's fair to say, and would be something to look out for on Monday and Tuesday of this week. Once support is reached at $315 and QQQ begins to increase above that again, the expectation becomes looking out for higher highs and higher resistance levels as the bulls start running. + +For the source on this, I will link a fantastic video of a technician who walks you through the Nasdaq candlestick charts and explains what I just did in much more detail [source](https://www.youtube.com/watch?v=52RbTnrarEk) and [source](https://www.youtube.com/watch?v=5z-Po2TfCEk&t=844s) + +**CONCLUSION** + +For all of the above reasons, I expect that over the month of April, which is historically a good month for the Nasdaq, we will be pleasantly surprised by what we see in the market, and that the bull run will continue. **Of course I am not a financial advisor, and this is not financial advice, this is simply a deep dive into what my personal opinion of the market is and what the future may hold. I encourage everyone to do their own research on this issue and form their own opinions** +In casual conversations with people from other countries, it is common to use typical salaries of well-known jobs as a rough indication of the economy in general e.g. "a cashier in Switzerland can make €50,000 a year in Switzerland compared to only €18,000 in Britain" or "a doctor's starting salary in Brazil is less than $1,000 a month." + +This is useful in a casual conversation, because wages are probably the most tangible feature of an economy's strength and every country has cashiers and doctors, but these jobs fall to either extreme of what is "average" in most countries. + +This makes me wonder: if we could only use the salary of one job as a basis for comparison between labour markets, what should that job be, and why does that job have a particular tendency to match a country's median wage? Is it nursing, skilled construction workers, restaurant managers? Is there any job with a salary which falls within 10% or so of a country's median in almost every country in the world? +So I find it a bit strange that one year after the start of the shutdowns, the commercial real estate market isnt in deeper trouble. + +.I understand many tenant's have longer leases etc.. but if they haven't been paying our went out of business (like many restaurants did) , the lease length is likely irrelevant. .. + +I would have assumed financial issues, but looking at popular commercial real estate REITS they seem to be going up with the market.. what gives? +I've tried Google and what not, but where does one put millions of dollars? I know back accounts have limited protection by the FDIC, and with how fucked up the stock market is I obviously don't want to put the money there. Crypto seemed like a good place until I learned from the DD here that those assholes were using crypto to offset their fuckery. I want to set up a trust for the family moving forward but that's about the extent of my plans at this point. + +Do can any of you amazing apes (especially the wealth management apes) point an inexperienced chimp in the right direction for research? + +I think based on recent events that I need to have a plan a lot sooner than I thought I might. +I open the sub today to people wheeling millions in apple, selling real estate or second mortgaging their home to open option trades. As of tomorrow morning, it's time I run down my premium outstanding by 50%. I currently have about 250k premium float outstanding and will not be opening or rolling anything until I get it down to 125k. Y'all are scaring the shit out of me with these posts. + +Have a great weekend! + +(edit:Thanks for the rewards y'all!) +[Link to the full article (2 min read)](https://www.cnbc.com/2022/10/27/meta-stock-falls-23percent-on-earnings-miss-analyst-downgrades.html) Shares of Meta plunged more than 24% on Thursday as investors digested the disappointing revenue and weak Q4 forecast from the previous day. Meta stocks traded less than $100 at market open which is the lowest price since 2016. CEO Mark Zuckerberg reiterated his commitment to continue the spending on developing the metaverse, but so far this year it has lost more than $9 billion. Morgan Stanley, Cowen and KeyBanc have downgraded Meta’s stock due to the company’s rising costs and expects their challenges to remain in the near future. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com/) **to get more bite-sized news like straight to your inbox for free.** +We are being manipulated. It is clear as day. They have Psy ops teams working on us and how to break our morale. They want to make us think they are succeeding. Don't give them the pleasure. + +The only thing I'm quite sure at the moment is that Madie is an agent and they have successfully manipulated the mod team into thinking she is not. She or the team of people behind her must be really skillful and convincing. From the outside it is clear that nothing adds up and she is a plant. Don't blame the mods, they are probably getting mindfucked by a skillful team of psychologists. That + Human mistakes have made the situation to spiral out of control. + +Aside of that nothing changes. Join to all the subs. You don't need to choose. If you have a good meme you can even post in all them at the same time. They want to make us think that we have to divide and choose or something. It's bullshit. + +The DD is as solid as ever and the SHFs are digging themselves deeper and deeper everyday trying to control the financial shitshow that they have created. Their only way out is with this drama crap we are all seeing and demoralizing us. They want that we lose trust and faith in each other. + +As for me, I like the stock and they are not getting my shares by any means. They are clearly salivating for them and that makes my grip tighter than ever. + +Be excellent to each other apes. Be kind and hold with your life. Don't fall for the bullshit. + +💎🤲 +My partner wants to start trying at the end of this year, I'm excited for children but I'm stressed out about the impact it's going to have on my body. I have an autoimmune disease, thyroid disease, and mental health illnesses. My PCP and rheumatologist have classified me as high risk. This doesn't mean that I'll have a difficult pregnancy for sure, but that there's a chance I will. I often have digestive issues (loss of appetite, nausea, and blood sugar drops from the loss of appetite). My mom (who I'm almost a copy+paste version of physically) says she had really difficult pregnancies/childbirth. + +What things have you done DURING the pregnancy and after that helped you out physically and mentally? I know people talk about night nurses and stuff for after you give birth, but what else is there for your mental and physical health? What about things I can do to reduce the impact this has on my career? I'm willing to throw as much money as possible at this. + +Here are things various people have suggested to me in no particular order (not sure how scientifically sound any of them are) + +* Antibody bloodwork for vaccine effectiveness (found I don't have active MMR antibodies) - PCP reccomended +* Consulting with a high-risk maternal-fetal medicine doctor - Rheumatologist reccomended +* Cutting out sugar+alcohol a month before I start trying and throughout the pregnancy to reduce inflammation - Rheumatologist recommendation +* Meditation to reduce stress + inflammation - Therapist recommendation +* Really good air filters in all of my rooms - Random friend +* Kn5 masks when I'm out - I live in a city so pollutants are higher than usual - Random friend +* Avoiding using plastic for anything I consume as much as possible - Tiktok lol +* Hiring a dietician for meal planning - PCP recommended since I've been having trouble with nutrient deficiencies +* Red light therapy treatments - Rheumatologist + +Any other suggestions? + +**Edit:** + +Shout out to the people downvoting this because it's not applicable to them. You better not have upvoted the constant influx of "lifestyle" posts in this sub every single day with the same inane tips. + + +**Edit 2:** + +This has been the most helpful pregnancy-related discussion I've seen on Reddit or had in person. I've learned so much about resources I'm not sure I would have been able to figure out what existed on my own. Thank you so much. +Visa (V) is one of the highest quality businesses out there. Here are the reasons why: + +&#x200B; + +**Net margin**: between 49 and 50% (incredibly high). + +MasterCard net margin: approximately 45%. + +**Revenue growth:** should grow at approximately 12% + +**Debt:** Not a problem at all. Interest expenses easily covered. + +&#x200B; + +**EPS ESTIMATES:** + +**2021 5.63** + +**2022** *6.76* + +**2023** *8.07* + +**2024** *9.59* + +VISA has historically traded at approximately 37 times EPS. It is now trading at 34 times. Every time VISA's stock price has decreased to 30x EPS, it has ended up yielding great results the following year. + +In order to trade at 30x EPS, VISA's stock price should be $175. At this price, the margin of safety is huge. I would consider any price below $180 to be a strong buy. + +Due to the current macro setup, I can imagine VISA will be trading at approximately 33/35 x EPS these following years. + +Businesses of such quality are key during uncertain macro periods. + +**PRICE TARGET:** + +2024- $326 (65% upside). + +18.08% CAGR for a business as safe as this one seems reasonable enough. + +I will be keeping an eye on this stock, as a $175 entry would yield 23% CAGR given my price target. +1. Corona cases are increasing. + +2. There is unemployment everywhere. + +3. There are salary cuts. + +4. Almost all major shops are closed. + +5. Locust are destroying food crops. + +But still markets have increased 26% since lockdown +I am a Democrat but I like to listen to things that challenge my beliefs. I was listening to Ben Shapiro explain why he thought the New Deal hindered the economy. And yesterday a guy told me that he thought Obama’s intervention turned a two year crash into a five year recession. Does government intervention in the economy actually prolong disasters? My second question is would be is that okay? Capitalism wasn’t built to make sure everyone always has food and a home and a job. It does a good job of increasing the wealth of an economy long term but in the short term some people get left behind. That’s why I believe it’s important to help the people that do get left behind and in a recession or crash that’s most people. So does intervening during a crash actually help people or does it weaken the economy without helping anybody? +Why is dividend investing hated on specifically in financial independence/FIRE communities? + +Are we missing something? Are they missing something?? + +When I debate with my friends on why I prefer dividend investing vs 4% withdrawal rate, it seems like there’s a common theme of them not knowing about companies growing their dividends overtime creating amazing yields on cost. + +Edit: IMO there should only be two rules when it comes to investing. The first is to never lose money. The second is to beat inflation. Besides from that, if you’re consistently investing, you’re already doing sooo much better than most EVEN if you don’t “beat the market”…especially since so many people don’t even have any savings. +Hi, + +I have been working for 2 years now and for the past 2 years, I have paid no heed to any of the ITR and tax related things. I just declared my rent and that is the end of it. I have not even looked at how much I have actually paid in tax. I am in a really bad situation in such at the moment and would like to know the very basics about income tax. I tried looking up on youtube but most of them were in Hindi, which I could not understand and I could grasp very few points from written articles. + +From my understanding, a Financial year starts from 1st April to the 31st March of the next year. + +So taking 01/04/2020 - 31/03/2021 as one financial year, if I have earned a total of 6L as taxable income in these 12 months, when will the tax be calculated and get deducted from my salary? + +And about filing the returns, if I want to claim the tax deductions, if I was to invest in PPF, NPS etc, should I be doing it in those 12 months period during which I received the salary? + +Does the income tax works in such ways as in, the tax will be deducted for sure from my salary but in the next year, I can show all my investments and claim that deduction back? + +I have already filed the ITR, which happened in November/December and I just did the basic submission of Form 16 given by the company and putting that on Cleartax. + +What should I be doing for the upcoming Financial year? When should I invest as to be able to claim the tax for the coming year? + +Sorry for such basic questions, but I am really lost at the moment and would need some help. +***Personal Finance Rules for Being an Effective ETH (or any Cryptocurrency) Holder*** + +Before I was an ethtrader (*read ethholder*), I was (and still am) a Boglehead. If you don't know what [Bogleheads are](https://www.kiplinger.com/article/investing/T030-C009-S002-investing-lessons-from-vanguard-s-bogleheads.html), we are personal finance nerds who live relatively frugally and work to achieve solid investment returns, while minimizing costs and managing risks. We are named after Jack Bogle, the founder of Vanguard who pioneered low cost index funds. + +In my time as investor, I can count on *no hands* the number of people I know who "got rich quick" (and actually held on to the money), because it is zero. Becoming rich isn't just about making the right investment calls, it's about having the right mindset and secure financial position to build wealth over time. + +**Based upon how emotionally some react here to relatively minor price movements (or no movement), I get the sense that some people have dramatically overextended themselves to buy crypto.** This is bad for the individual, but also bad for all of crypto. It will exacerbate wild price swings and could tarnish crypto's image if there is a crash. I can't stop everyone from doing stupid things, but I can give you guys my advice. Take it or leave it. + +People who are overextended tend to make very stupid financial decisions when put under emotional duress, *and they often significantly underperform the market.* This is not just an issue of personality- this is *an issue of personal financial security and stability.* If you are insecure in your financial position, you are more likely to do something really stupid at exactly the wrong time. We've all been in that position before, but the question is how do you remove yourself from it? + +**Here are some questions to ask yourself. If you answer yes to any of these, then I would say you are very likely overextended in your crypto position:** + +- Do you NOT have a solid cash position in a savings account, to pay for at least 3 to 6 months expenses? +- Do you NOT hold any other investment assets besides crypto (like lower risk stocks and bonds)? +- Are you NOT saving for retirement outside of crypto? If crypto went to zero, would you be forced to retire at a later age than you have planned for now? +- Have you borrowed any money to buy crypto, even from low interest sources like home equity (*really terrible* idea, by the way)? Do you have any debt beyond your mortgage and student loans, either revolving (such as credit cards) or on depreciating assets (like big car loans)? +- If all of your crypto went to zero, would your lifestyle be negatively affected? Could you still pay your bills? Would you be put in a position where you would need borrow money or sell other assets to make ends meet? +- Are you concentrated in too few coins and does that make you nervous? (Note: At this moment, I am nearly 100% ETH, but it doesn't make me nervous. Because I answered "no" to all of the questions above, I can afford this risk.) +- Have you FOMO'ed in the recent past between coins? Do you think you'd be susceptible to doing it again? + +**If you answered "No" to all of those questions, then it really doesn't matter how much of your net worth is comprised of crypto.** Crypto has become a fairly substantial percentage of my net worth, but it's all gravy, and I can literally afford to lose it all. I wouldn't be happy, but I wouldn't be ruined. From a net worth perspective, I sort of pretend it does not exist. This gives me the stability to make smart, rational decisions, instead of emotional ones. + +**If crypto is a substantial percentage of your net worth, AND you answered "yes" to any of the questions above, then you could be in a risky, insecure position, where you are more likely to make really stupid decisions around your crypto investments and everything else related to your personal finances.** *If I were in that position, I would consider selling enough of my crypto so I could answer "no" to all of those questions.* It might not matter today, and it might not matter tomorrow, but one day it could (be it due to an unexpected rise or crash that you are not ready for). + +This mindset has also allowed me to participate in an amazing run-up in ETH, without feeling like I "have to sell." I can let this ride for a long while and let this mega bull market work for me, instead of me working for it. + +**In matters of personal finance, I always believe that it is prudent to be prepared for a worst case scenario. Manage your risk and your exposure, and you will be in a better position to make smart investment decisions.** If you do this right, you might not be rich tomorrow, but you very well could be in 5 to 10 years. And you will probably sleep better at night. +[Forget third-party data providers... we can do better than them, all on our own.](https://preview.redd.it/ctt4povg4qw91.png?width=1332&format=png&auto=webp&s=1ff55469cfa8b9bec2d2e8a42c45dba9955794b1) + +# TLDR + +We love data. We love tracking short interest, borrow rates, volume, all of it. We do not love having to deal with third-party data providers that might obfuscate what is actually going on. **If this data is publicly released, we don’t need to rely on or wait for intermediaries to tell us the “truth”.** We also don't have to care about the CFTC hiding swap data if we can make it public another way. + +There are three proposed rules open for comment (48 HOURS REMAIN) that, if passed either as-is (swaps, securities lending) or in an ape-modified form (short selling) will provide us with MUCH better data than we get now. Our hypotheses can be tested and proven out. The huge swap positions hiding short interest will be thrown into broad daylight. Why do you think Roaring Kitty posted those reverse unos? SWAPS. The time is now. + +Superstonk needs data on large swap positions. + +Superstonk needs data how much lending of GME is going on. + +Superstonk needs data on short selling and synthetic shorting via ETFs. + +[LET’S FUCKING GET IT](https://preview.redd.it/bz7lgubz8qw91.png?width=612&format=png&auto=webp&s=c3dc7124bafd796ec92b636ed9176d4a1858a026) + +Take the time this weekend and comment. If you are strapped for time, the section directly below this "EZ Mode" has EZ commenting for securities lending and short selling. There are 48 HOURS left. That’s it. Do you think SHFs want you knowing about large swaps, brokers lending out shares, short selling? NO. + +It’s very important we join together and get this data. We could see new and better tracker posts in the feed. We could see Roaring Kitty, Criand, and all of us proven right about swaps. But we have to do a bit of work... good thing we aren't strangers to [WORK.](https://twitter.com/ryancohen/status/1465518039055622148) + +[APES TOGETHER STRONG](https://preview.redd.it/57plb9th9qw91.png?width=800&format=png&auto=webp&s=b56b402db7d1ee3781ad26c0422a35cb8e7e3d6f) + +*For the every ape that has helped so far: Thank you.* + +*For the apes that are about to help today: LFG.* + +Get on twitter with this, engage people individually. This weekend is the final charge and we can't let FUD derail this train. + +# EZ Mode + +To comment on each rule, you'll go here [https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) and click on these links: + +[It's almost like they don't want us to find these](https://preview.redd.it/pfkh46jw4qw91.png?width=772&format=png&auto=webp&s=aee0165337e42f0305f79c0522817536b13e254d) + +**Securities Lending** + +1. Want the lending of GME to be reported every 15 minutes? Fuckin YEP. +2. Dr. Trimbath wrote a good letter on this comment here: [https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf](https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf) +3. Copy and paste what she wrote to amplify her voice (or save the PDF and submit it with a brief note voicing your support for her). If you want to write your own comment(s), keep going + +**Short Selling** + +1. Want daily short selling activity reported daily? Fuckin YEP. +2. David Lauer wrote a good letter on this comment [https://www.sec.gov/comments/s7-08-22/s70822-typea.pdf](https://www.sec.gov/comments/s7-08-22/s70822-typea.pdf) and a few hundred apes have submitted the same one +3. He provides a guide to submit the letter here [https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) + +**Swaps** + +1. The strongest DD we have is about swaps. Roaring Kitty himself focused on them. +2. Want daily reporting of large swap positions? Fuckin YEP. +3. You're going to have to read the section below. It's worth your time. You should want the swap data so bad it hurts your butthole. +4. Writing your own comment is much more powerful. Grow into that power. + +LFG. + +# Swaps + +[Roaring kitty himself repeatedly stressed the swap theory to us. We need this data. ](https://preview.redd.it/heq4f3sq5qw91.png?width=481&format=png&auto=webp&s=eba6ada6cc88ba37eb6c4e087bb326bf77d3d617) + +## TLDR + +The CFTC is hiding swap data, you say? **Fuck you, we’ll get it anyway.** + +We have long theorized that short positions are hidden in swaps. **What if we didn’t have to speculate any more? What if we could get swap data released publicly?** That’s what this rule does. This rule gives us the power to do what we do best. SUPERSTONK NEEDS SWAP DATA. So fucking comment. + +&#x200B; + +# Superstonk History + +* [The Puzzle Pieces of Quarterly Movements, Equity Total Return Swaps, DOOMPs, ITM CALLs, Short Interest, and Futures Roll Periods. Or, "The Theory of Everything".](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) + * The Hedge Funds can enter into many of these swaps and get short exposure to the stock without directly shorting it. They can enter into **tons** of these swaps and create tons of synthetic shares without ever worrying about the short interest being reported. +* [Significant open swap positions in gamestop](https://www.reddit.com/r/Superstonk/comments/t610va/significant_open_swap_positions_in_gamestop/) +* [Ultimate Wargame Theory: The Beginning - Total Return Swaps, RRPs, and the Voltron Fund](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/) +* [Are futures or swaps the secret sauce to price movements? Meme stocks move in baskets. Futures can be opened on baskets, which can be rolled out before four major expiration dates: March 11, June 10, September 9, December 9. Rolling out REQUIRES losses on the original contract to be settled.](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) +* [The start of the SWAPs: packaging 'meme' stocks up into toxic debt bundles. It's 2008 all over again!](https://www.reddit.com/r/Superstonk/comments/pbibrk/the_start_of_the_swaps_packaging_meme_stocks_up/) + +&#x200B; + +# ELIA + +* Rule for find hedges w big swap + * “the proposed rule is intended to, among other things, identify circumstances when a market participant has a large, concentrated position in a security-based swap on a single issuer” +* If make big swap, report fast or u fuk + * (Have to report no later than end of first business day after swap was executed) + * Anyone with a swap position exceeding $150 million. (image) +* Ape get swap data, hedges r fuk + * “These reports would be made publicly available immediately upon Filing.”. +* No evading (image) + applies internationally. + +Want this sub to get the REAL data on swaps? LFG + +## Core Links + +* **TLDR Fact Sheet** [https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf](https://www.sec.gov/rules/proposed/2021/34-93784-fact-sheet.pdf) +* **Rule Text** [https://www.sec.gov/rules/proposed/2021/34-93784.pdf](https://www.sec.gov/rules/proposed/2021/34-93784.pdf) +* **Comments so far** [https://www.sec.gov/comments/s7-32-10/s73210.htm](https://www.sec.gov/comments/s7-32-10/s73210.htm) + * **Six fucking US Senators including two high-profile (elizabeth warren and bernie sanders)** [https://www.sec.gov/comments/s7-32-10/s73210-20134696-305888.pdf](https://www.sec.gov/comments/s7-32-10/s73210-20134696-305888.pdf) + * **Two congressmen, including one from the Financial Services Committee, saying “no pls dont do this”** [https://www.sec.gov/comments/s7-32-10/s73210-20127572-288803.pdf](https://www.sec.gov/comments/s7-32-10/s73210-20127572-288803.pdf) + +## Writing Your Own Comment: Points To Make + +Writing comments takes a bit of time. Advocating for your interests is a skill, and it takes practice. One of the reasons I love this place is that we know we are apes. We are comfortable fucking around with something to learn how to use it. We teach each other. + +[Such nice, this is.](https://reddit.com/link/yggyr0/video/1l8y3vim7qw91/player) + +Nothing on this sub is as well-researched and focused on as swaps. + +We need this swap data. **This is worth your time this weekend.** We only have 48 hours, so: + +# Open up the comment portal, go down this list, and make the points you want to make. + +* Voice support for the proposal and praise the effort put into preventing evasion of the reporting rule. The SEC actually did explicitly say "and for any of your fuckers who are thinking about how to evade this, too bad bitch": + +[nice](https://preview.redd.it/s4n2oy018qw91.png?width=821&format=png&auto=webp&s=cc2d3f32401cfd610ed982892023166960b1300e) + +* **Voice support for transparency and the PUBLIC disclosure of this data** +* **Express concern that excessively large swaps are a threat to financial and national stability.** Mention archegos and other potential hidden “lurking bombs” that need to be revealed ASAP. +* Say you hope to see more rules like this in future +* **Request that the threshold be lowered to $100 million / $200 million gross.** While the rule prohibits things like spreading a large swap position out to evade the threshold, this will be done and the SEC may or may not be in a position to detect it. By providing the public with more data, and slightly lowering the threshold, more of this fraud may be detected. It is important that the rule be hardened against evasion (eg by multiple actors colluding to build a large position through separately acquiring smaller positions that evade reporting requirements). We do not want to see the rule watered down in practice. +* **Voice support for applying it internationally** so funds and firms cannot use borders to evade the rules of the market. +* \*\*Suggest they look at the entire swap portfolio to determine reporting requirements, not just parts: “\*\*The Commission should follow the precedent in Rule 13h-1, which identifies “large traders” using the trader’s entire position in all NMS securities. The overall picture of a trader’s appetite for excessive risk can only be formed by looking at their total swap position. Allowing large traders to take on excessive risk via swaps in many different individual securities while avoiding reporting requirements is against the spirit of the rule, and goes against the Commission’s prior rulemaking. +* State that Security-Based Swap Position include all security-based swaps based on the same underlying security or reference entity, regardless of whether they are debt (including CDS) or equity-based, so that funds and firms cannot evade reporting requirements by using different types of complex financial instruments. +* **Agree with the definition of security-based swaps** and state that it must be appropriately wide to minimize evasion. +* **Agree with daily reporting and praise the Commission’s public release of the data.** It empowers citizens to protect themselves from excessive risk and the companies they own from hostile actors. “The Commission should absolutely utilize its authority under Section 10B(d) of the Exchange Act to publicly release data. Fraud is widespread, and the resources of the SEC are limited. By allowing the People to see potentially dangerous swap activity, they will be better able to assess the investments they make and observe the dynamics of the market. A more level playing field is absolutely in the public interest, and the damage that can be done via swap activity (e.g., Archegos) necessitates that investors be equipped to defend themselves and the markets they use. +* **Tell the SEC to finalize this rule ASAP.** + +&#x200B; + +&#x200B; + +# Short Selling + +## Brief Summary + +Proposed Rule 13f-2 requires reporting of short positions. We want that data. Fuck all this ambiguity about short interest this and volume that. Let’s get better data!!! Right now, the rule as proposed says SHFs only have to report once a month. We’ll get daily activity, but 4-6 weeks late. That is bullshit and needs to change. If they can propose every 15 minutes for securities lending, they can propose daily disclosure for short selling those lent securities. We also need to push for public disclosure of ETF shorting activity. + +**It's very important we get data on synthetic shorting via ETFs, and this rule should not pass as-is!!** Very very important to get in the fight with this one. + +## EZ COMMENT + +Dave Lauer wrote a great letter about this and several hundred apes have already submitted it as their comment. If you want something easy you can do right now, go here and follow the instructions: [https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) + +## Write Your Own Comment: Core Points To Make + +* If you're open to a longer guide, I made this: [https://www.reddit.com/r/Superstonk/comments/y4m63e/time\_to\_strike\_a\_blow\_against\_synthetic\_shorting/](https://www.reddit.com/r/Superstonk/comments/y4m63e/time_to_strike_a_blow_against_synthetic_shorting/) +* Short selling has serious consequences. +* **The Commission should require daily public disclosure of short positions.** The Commission should not do the bare minimum. Section 929X of Dodd-Frank states that the Commission must require reporting of short selling activity once per month AT A MINIMUM. The Commission must not do the bare minimum. Proposed Rule 10c-1 requires intraday reporting of lending. Proposed Rule 13f-2 can require daily reporting of short selling. +* ETFs **must** be included in the rule because they can be used to synthetically short vulnerable stocks and circumvent regulations. +* See my letter here for all the detail / wording / receipts (you can just keep it open in a tab while you write your letter and steal particular facts or arguments): [https://www.reddit.com/r/Superstonk/comments/y4m7pe/my\_comment\_on\_the\_short\_reporting\_rule\_13f2\_no/](https://www.reddit.com/r/Superstonk/comments/y4m7pe/my_comment_on_the_short_reporting_rule_13f2_no/) +* Example from the letter: + +[An example of what's in my letter. Steal what you want!!!](https://preview.redd.it/wiy1luk67qw91.png?width=1010&format=png&auto=webp&s=d63692e8c0f95af87167426234e469908fc7a889) + +# + +&#x200B; + +# Securities Lending + +## Brief Summary + +This is a major battleground rule. The SEC went hard on this one: report the shares you lend out *every fifteen minutes.* There has been a LOT of pushback about this one, including aggressive pushback from Citadel Securities ([https://www.reddit.com/r/Superstonk/comments/wprhuq/citadel\_securities\_pulls\_a\_fast\_one/](https://www.reddit.com/r/Superstonk/comments/wprhuq/citadel_securities_pulls_a_fast_one/)). This is also the rule where Fidelity showed their hand a little bit by publicly stating they didn't want to tell anyone about the shares they lend out for short selling: + +[the rule should exclude short position? fuck that and fuck you bro](https://preview.redd.it/isjhnk1p8qw91.jpg?width=756&format=pjpg&auto=webp&s=7e244dbdd6507395732d943c1e0f236e01c50046) + +Do you want to know how many GME shares are being lent out? Do you want the chance to nuke SHFs with that data? + +Yes? + +Then take a second and comment. + +* Rule 10c-1, “Securities Lending Transparency” proposed transaction-by-transaction reporting of all securities lending activity, *every 15 minutes.* This is aggressive as fuck. Imagine what we would do with that information!! Citadel and their ilk would get fucked. Which is why… +* Citadel came out against this rule, HARD. See past post below, and the images I post of Citadel's arguments against later on. + +## EZ COMMENT + +Dr. Trimbath commented [https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf](https://www.sec.gov/comments/s7-18-21/s71821-9418892-263349.pdf) + +She also tweeted about this rule [https://www.reddit.com/r/Superstonk/comments/r1x4jv/dr\_susanne\_trimbath\_phd\_helps\_us\_out\_with\_s71821/](https://www.reddit.com/r/Superstonk/comments/r1x4jv/dr_susanne_trimbath_phd_helps_us_out_with_s71821/) + +You can copy her text and submit to amplify her voice. + +## Writing Your Own Comment: Core Points To Make + +\- **Explicitly support transaction-by-transaction reporting** because it eliminates the ability to "hide within the aggregate"; transparency means transparency and aggregates are not transparent. Secret short selling could dissuade actual investment as funds attempt to glean profit off the backs of true investors. + +\- **Explicitly support the 15-minute reporting requirement**, saying the cost and effort are justified to prevent fraud and prevent hiding in loopholes. + +\- **Talk about working families and everyday people that are victimized by financial predators.** The SEC's[ new strategic plan](https://www.sec.gov/news/press-release/2022-148) puts "working families" front and center. This is good, and comes from the top, so let's hold them to it. + +\- **Explicitly say that victimized companies need a greater ability to defend themselves against predators**, and that "short selling in the dark" harms true competition and price discovery. The idea that a small number of short-selling funds "know best" and can hammer unsuspecting companies in the dark is shameful. Secret short selling hurts individual investors in the name of greater profits for hedge funds. Is that what the public would want from its government? Timely detection of fraudulent and abusive activity comes before Wall Street profiteering. + +\- **A short seller is not an investor, but the opposite.** The SEC seems to be prioritizing hedge fund comfort and profiteering over investor protection and market transparency. While short sellers might be afraid of ‘short squeezes’ that can follow the identification of their short selling strategy, that is not a reason for the Commission to decide against greater transparency. If short selling is chilled, then short squeezes and dangerous volatility become less common. ‘Sophisticated investors’ will quickly learn to avoid positions that could result in such dangerous volatility, which will clearly benefit the market overall. + +**- Talk about how retail will benefit from increased transparency.** We have a much better idea of the risks of our decisions and transactions if we can see who is targeted which companies. If funds are allowed to short in the dark, retail investors remain dangerously unaware of the risks they take on when purchasing securities. More timely reporting allows for more timely reactions; slower reporting prevents retail investors and working families from protecting themselves from abusive and predatory short selling practices. **Working families and the individual investors need to be able to look both ways before they cross Wall Street.** No one wants working families to get run over in the name of “superior returns for hedge funds. + +\- **Talk about the new and very desirable phenomenon** **of the public serving as first-line watchdogs** in monitoring short selling data for securities fraud, strengthening the SEC and better enabling it to fulfill its mandate, at no cost. More timely, higher-resolution reporting would create a waterfall effect whereby some individual investors analyze the data and make that analysis publicly available for free, which is then disseminated widely and re-analyzed, spurring more activity. This allows individual investors to help each other, and allows busy working families to be the recipient of aid for free. Working families do not have the resources to buy data and analysis, nor do they have the time to analyze data themselves. Greater transparency has positive effects on investor protection that go far beyond the obvious. The Commission must not remain ignorant of how social media facilitates a protective web of information sharing that protects investors. The Commission must not behave as though they are ignorant of how greater data provision empowers whistleblowers, who extend the Commission’s reach and greater empower it to meet its strategic goals. + +**- Talk about the dangers inherent in long, untracked lending chains**,that can lead to economic fragility. Securities lending activity can hide massively destructive chains of obligation that can even be a threat to national security, and so transparency in this area is more important than it has ever been. The risks associated with reckless securities lending and short selling - highlighted with terrifying clarity following the events of Jan 28 2021, go far beyond any theoretical benefits of secret short selling for “superior returns”. Investor protection comes first. + +## Apes Together Strong + +When we push together, the world moves. + +Imagine the posts and DD we will get once we get our ape hands onto way more information about swap transactions, securities lending, short selling, and synthetic shorting via ETFs. + +THIS IS WORTH YOUR TIME. + +Love you all and this wonderful place. + +LFG + +&#x200B; + +[\<3](https://preview.redd.it/p2zqv213aqw91.png?width=680&format=png&auto=webp&s=c5b8c13e0533ee2e9075b62f9c7ee10ff243b2cc) +I don’t even feel like this needs to be said as I feel like 99% of us are all on the same page on this one, but recently a website and twitter handle has been plugging an ‘Ape Festival 2022’ in Vegas backed by some big names involved in GME or another certain movie stocks on twitter. + +This is either some Fyre Festival 2.0 shit or in my opinion, potentially something more sinister by SHF to try and create a narrative of retail manipulation. WE ARE NOT A COLLECTIVE GROUP OR ORGANIZATION, WE ARE INDIVIDUAL INVESTORS THAT JUST LIKE THE STOCK. + +I am not going to name said people who look to also be promoting the event as I have no proof that they are involved or receiving any type of compensation outside them being tagged, retweeting and promoting said event, but its worth pointing out seeing as they have a collective following of around 500k\~ followers. + +As I said, at best its in my opinion a blatant cash grab and possibly even a scam, at worst a potential move by SHF to establish a narrative that we are a collective group of investors manipulating the market. + +The DD is done. Don’t give these guys any of your money. + +Edit: Glad to see u/rensole covered it in The Daily Stonk going into much more detail than myself so check that out. Seemed to be well on top of it before me. Try to avoid going to the actual website and giving them clicks :) +I’m sure this time is toughest for those of us who don’t fit the account requirements of this sub who are feeling alone and stressed out. + +Someone PM’d me asking if I thought $GME would actually go back up to $400 (Duh of course it will) so I assumed he was a bot, but after checking his account I saw he was supporting $GME a week prior to the new karma requirements. Turns out he was just a stressed German bro who needed someone to talk to since he put all his savings in and has been holding since $289. I want you guys to know you ARE NOT ALONE and you’re in our 💛 & 🧠 too!! Just keep holding brethren, and BUY THE DIP! 🚀🚀💎🙌 + +Edit: I love all of you guys/gals, sorry I can’t get to every PM but I’m trying my best! + +Edit2: Stop giving me awards and use that $$ to buy the dip!🚀🚀🚀 +I recently found an [article](https://taiyangyu.medium.com/the-comedy-of-mises-aa5ad06aaf9a) by a Marxist supposedly debunking the Economic Calculation Problem. They make this claim: + +“Let us start with the United States as an example. Three firms in the United States are the major shareholder of 40% of all publicly traded enterprises in the United States [(source)](https://theconversation.com/these-three-firms-own-corporate-america-77072). These “investment managers” have the specific job of planning out the allocation of capital investments, all from a central location. Naturally, they do it with computers, such as [BlackRock’s Aladdin system](https://en.m.wikipedia.org/wiki/Aladdin_(BlackRock)), not as a “single mind” like Mises imagined. How, then, with such high levels of central planning, has the United States not completely collapsed? At this point, the Austrian would take on the Thresholdist position. The US may have a lot of big corporations, but it’s far far far from a totally planned economy like the Soviet Union. 40% is still a minority, market mechanisms are still the majority. It has not hit a threshold to collapse yet.” + +How true is this? And if anyone has the time… could they also point out if there are other wrong things in the article? +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + +This is a new bill that was introduced on the floor of the US Senate entitled, +“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” + +**It basically says everything is evil..** + +1. Cash is Evil +2. Bitcoin/Crypto is Evil +3. Prepaid Phones are Evil +4. Gift Cards/Vouchers/Coupons are Evil + +These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. + +Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process. This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes. + +Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’. + + +Have too much cash? You’d better tell the government. + + +If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form. + +This is unbelievable on so many levels. + +It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash. + +But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever. Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties. + +Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years. + +But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison. Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella. + +Here’s where these people demonstrate that they have no idea what they’re talking about. + +No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply. + +Bitcoin is created automatically amounts that are predetermined by its code. It’s software. + +So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations. + +The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US. + +CALL your congress & house of representatives and tell them not to pass this bill! +I’m 26 years old, I’m currently unemployed, I have a debt of 14k and I had saved 100k, in January I invested in dividend stocks: swk, intc, vfc, cmcsa, ally and para, but since January my portfolio lost 40% so now I need to earn 66.70%, yesterday I closed all my positions, so now I only have 60k. + +should I invest in sso, tqqq and udow to quickly recover the lost money? + +sorry for my english, it's my second language. +Hello, im just getting started with quant trading. Which programming language would you advise me to start with : Python or C++. +I heard C++ is fast and harder to learn than Python. +What should i do ? +In my city, and I'm sure in many other places, there are signs in a lot of fast food places, restaurants, and retail stores telling people they are hiring. Then a bunch of know-it-alls go on social media and complain, "no one wants to work! They just want welfare! Why isn't my food ready the second after I order it!" + +It's so frustrating. I'm working a job that is absolutely killing my soul and damaging my mental health. I have been actively looking for a different job for months. + +Yes, there are jobs available. But no one seems to care that these jobs are part time, minimum wage, no benefits, and they will (mostly) still treat the employee like shit. The part time jobs, if you ask, will say you will be getting 12 hours a week, "but we usually have more shifts!" I know a few friends who had to quit because they were literally getting a single 4 hour shift in the entire week. It's definitely no where near enough to pay bills. + +Then of course, they say, "well, get a second job! Fill in those empty days!" Okay, great, find me a job that is willing to work around my other work schedule. Not to mention, every single retail/food job requires open weekend availability, because those are the busy days. + +Don't even bother trying if you have other life commitments, like children or you are caring for a sick family member. Also don't bother trying if you don't have your own transportation, because you will be spending most of your life on the bus. + +I also need benefits, because my prescriptions would eat basically my entire paycheck. + +So, yes, there are jobs available. No, they aren't the answer to the unemployment problem. Once we get jobs that will actually make it so people can afford to live, then the problem will be solved. Hell, even just making those places hire a few people full time would make so much difference. + +Don't get me wrong, if I didn't have this job, then I would make a part-time minimum wage work, because that's what I would have to do. But right now, I'm stuck, because at least this is full time. + +I wish people would just realize how ignorant they sound. +I've heard that war creates jobs, but it doesn't really make sense to me that just creating more work magically helps the economy. Sure there are more jobs but where is the money coming from? It's not like war is creating anything, your just taking resources out of the economy and using them up out of country. + +I'm not taking an anti war stance or anything like that, I'm just wondering how the math adds up that you, in a way, waste resources and somehow that helps the economy. + +**Edit: Not a fan of how the comments are handled here, if the mods are going to look over every comment anyway just remove the ones that are bad, don't hide the comments until the post gets old. I've gotten tons of respectable comments from people that aren't being included in the conversation...** +ROADMAP +Q4 – 2017: XCRYPT PREPARATION AND PLANNING + +Q1 – 2018: TEAM PUT TOGETHER + +Q2 – 2018 (A): PREPARING FOR ICO + +Q2 – 2018 (B): ATTRACTING MEDIA AND ADVISORS + +Q3 – 2018 (A): SETUP LOCAL OFFICES AND PRIVATE SERVERS + +Q3 – 2018 (B): HIRE 3 SEPARATE TEAMS OF CODERS + +Q3 – 2018 (C): SOCIAL MEDIA PLATFORM + APPS + +Q4 – 2018 (A): (DEX)DECENTRALIZED EXCHANGE PLATFORM + +Q4 – 2018 (B): TESTING BETA DEX PLATFORM + +Q1 – 2019: (CEX) CENTRALIZED EXCHANGE PLATFORM + +Q2 – 2019: DEBIT CARD INTEGRATION + +Q3 – 2019: MARGIN TRADING/ LENDING + +ROADMAP +Q4 – 2017: XCRYPT PREPARATION AND PLANNING + +Q1 – 2018: TEAM PUT TOGETHER + +Q2 – 2018 (A): PREPARING FOR ICO + +Q2 – 2018 (B): ATTRACTING MEDIA AND ADVISORS + +Q3 – 2018 (A): SETUP LOCAL OFFICES AND PRIVATE SERVERS + +Q3 – 2018 (B): HIRE 3 SEPARATE TEAMS OF CODERS + +Q3 – 2018 (C): SOCIAL MEDIA PLATFORM + APPS + +Q4 – 2018 (A): (DEX)DECENTRALIZED EXCHANGE PLATFORM + +Q4 – 2018 (B): TESTING BETA DEX PLATFORM + +Q1 – 2019: (CEX) CENTRALIZED EXCHANGE PLATFORM + +Q2 – 2019: DEBIT CARD INTEGRATION + +Q3 – 2019: MARGIN TRADING/ LENDING + +Identity Management: Users have a one-time password for the services. Only one password will be used to access the platform but for each service used, there will always be a new password. If the user needs the passwords, they can access them on or off-chain. + +Recurring payments: Users can set recurring payments in regards to peer-to-peer, consumer-to-business and business-to-business. An example is setting the platform to pay $10 to Netflix each month. + +A secure wallet: Users will be able to store both crypto and fiat currency in their hot wallet. The hot wallet will be used for subscription payments. They will also have a cold wallet to store funds and this will also hold their private key. + +Exchange transactions: Users will be able to buy, purchase and store crypto at the best rates in the market. + +Billing adjustments: This allows for the modification of bill payments. + +Low Seller Fees: Monarch will only be charging merchants 2% on their received payments. They are planning to decrease this cost when the network increases so as to remain competitive. + + +I feel like half the posts on the sub are people asking for broker advice. Obviously without doing any research since the options in EU are limited and speak for themselves. +Can we either remove these low effort posts or refer to a Q&A section? + +Edit: well this blew up. I agree that there should be a place to ask questions but i would also like to incentivise new traders to do their own research. An overview on this subreddit with basic info that allows users to make a decision seems like the way to go. Mods? +A few days ago, I made a post titled *"Rugpulls and Honeypots. What they are and how you can avoid them."* Since then I got a lot of messages from people asking me how they can tell the difference between a new coin with lots of potential and a shitcoin. For maximum protection, make sure you follow this guide in combination with the other guide. I will not repeat those rules here. If you don't follow the rules of the other guide as well, you will lose your money. + +Before I start, some background: I trade small coins for a living. In the beginning, while learning, I fell for all the scams just like everyone else. But with every loss I learned something new and I'm now pretty good at it. Yes, I have losses like everyone else, but usually I get out with very small losses compared to my gains. + +Anyone here hating shitcoins, I agree with you. **I hate shitcoins too.** Part of what I want to explain here however is that not every new coin is a shitcoin. Every coin has to start with 0 holders. Everyone has to start somewhere. And every solid project deserves a chance to grow. Yes, the vast majority of new coins are shitcoins, but I want to help you tell the difference between the real gems and all the shitcoins. + +# The Golden Rules + +If you start looking for the real gems and want to trade smaller coins, **follow these rules or you will lose money**. + +1. Start trading on the BSC (Binance) Smart Chain. Why? Transactions cost around $0.20 max. You can't do this on the ETH chain where you spend lots on gas fees, sorry. I know they came down, but they're still too high. +2. For the first 1-2 months, don't invest more than $5 per coin. I am not joking. Yes, your gains will not be thousands of dollars, but if you go in with more you will end up losing a lot of money, trust me. +3. Have a small bag of maybe $150 or $200. Be prepared to lose your small bag completely. If you can't afford this and sleep well at night, don't do it. + +**Ready? Let's start:** + +# Find the Coins + +Go to the BscScan website (look up the links yourself, I don't want to link-spam this post). Then, go to "View BEP-20 Transfers". If the list looks confusing, don't worry. Look at the rightmost column that says "Tokens". You must look for the grey icon besides the coin names. Why? Because that means the coin is new. Established coins already have their icons listed and that means you're usually too late to make high gains. You can refresh that page for new coins every second, you will always find new ones. + +Open the new coins (with the grey icon) in separate tabs and look at them. So, now you have found a coin, it's time to investigate. + +# 1. Holders + +On the page you just opened, look at the "Holders" list. The biggest holders of a coin should always be the liquidity pool which is usually identified as "PancakeSwap: COIN NAME" and the dead coins wallet, usually identified as "0x000000000000000000000000000000000000dead". Why is this important? It reduces the possibility of a rugpull to almost zero, especially if the dead coins wallet is over 50%. + +Also watch out if there are too many whales. For example, 10 wallets each holding 3% of total coins is a huge red flag. Abort immediately. A healthy new coin should also have at least 200-300 holders. If it doesn't, also abort immediately. + +# 2. Liquidity Pool + +The liquidity pool is super important. I usually don't buy any new coin unless the liquidity pool is at least $30k or more. Why? Because scammers and shitcoins rarely provide a liquidity pool of that size. Again, we're greatly reducing our risks here. A locked liquidity pool is also important. Make sure it's locked for a longer period of time. 3 months, 6 months, 1 year or longer are great. You don't want the liquidity pool to unlock tomorrow. You can copy the contract ID and then go to "PooCoin" (again, look up the links yourself), then enter the contract URL there, hit enter and on the next page on the left side it will show you something like "COIN/BNB LP BNB Holdings:". That's where you want at least $30k or more. If it has a few hundred dollars or even only $5k or $7k, abort immediately. + +# 3. Volume + +Look at the "Transfers" section. If the coin has only 5 holders and no activity, skip it. If you want, bookmark it and come back to check tomorrow. You may have just been too early. If it has only a few transactions every 2-3 hours, also abort immediately. It's not taking off yet. A good number of transactions for a new coin should be about 5-10 per minute. + +# 4. Website & Twitter + +Make sure the coin has a website and twitter account. If it doesn't have both of them, abort immediately. If it also has a reddit page, a Telegram channel, a Discord, an Instagram page, a YouTube channel, etc. that's even better. + +# 5. Coin Name & Design + +The logo of the coin and the design of the graphics and website are very important. If it's not attractive, people will not jump in and it won't take off. If the use stock images that you've seen a hundred times elsewhere, abort immediately. The name is also super important. If it has a catchy name like "Save The World" it's much more likely to take off than "Funky Toilet Coin 55". + +# 6. Bonus: Doxxed Team + +This one is a HUGE bonus. If the team members publicly identify themselves, for example through YouTube videos or live AMA, it reduces the chance of a scam to almost zero. Why? Because their faces and identities are publicly known and they would almost certainly end up in prison. + +# That's it! + +Did the coin you investigated fail in any of the first 5 steps? I cannot stress this enough, but: ABORT IMMEDIATELY. Don't invest in it. You will end up losing your money. + +Did the coin pass all of the above steps? Great! You ***might*** have found a gem. Do some more research before you jump in and make sure the coin has a real purpose. Remember, things like hodling to get more coins or "to the moon!" are not real purposes. + +And now we go back to the golden rules. If you are ready to invest in this coin, **remember to only invest $5 for the first 1-2 months** of doing this. I cannot stress this enough. You are learning and you will make mistakes. Make sure you are okay with losing that money because even if a coin matches all of the above, it can still fail for a variety of reasons. If you stick to this rule, you can still make a good amount of money in these 1-2 months. I easily made $10 to $50 with just $5. Sometimes I got out at $3.50 because a coin didn't take off and re-invested elsewhere. + +Once you've done the above for 1-2 months and you've noticed any potential mistakes you made, you should be ready to start trading with $10 or $20 per coin (depending on your financial situation). + +Two more important things to remember: + +1. Early coins take time to take off. It's very possible that your $5 investment will drop to $3 or $2 in that time and go up to $10 and then go back down to $4. It may just sit there doing nothing for 5-14 days. That's absolutely normal. +2. Keep track of what the team is doing during this time. If there are no updates for 2-3 days, sell and get out. A good team should update its holders several times per day through several channels (Twitter, Discord, Telegram, etc). It's okay to get only 1 update per day, but less than that is a red flag. + +I **always** follow the above rules when trading with small coins and I currently have success with 90-95% of coins that I invest in. Trust me, **I tried to skip some of the rules above and I got burned every time**. Yes, it's a lot of work. Especially if you have to repeat these steps for every single coin you want to investigate, but you will get much faster at it over time. If you end up doing this for a living, you will probably be able to investigate 2-3 coins per minute. + +Now, if you excuse me, I need a coffee and relax my fingers a bit. They hurt :P +I noticed that in those subreddits more and more beginners are posting and advertising coins - mostly not because they really understand the tech behind it - but to pump it up. So beginners are trying to fool other beginners.Now i decided to write down some basic advice to avoid mistakes. + +1) only play with money you can afford to lose. + + +2) NEVER EVER make a buy or sell that is triggered by a feeling of 'not wanting to miss out on a sudden development'. also known as fomo: fear of missing out. Invariably, you will make bad decisions if you do. + + +3) never buy on a sudden upswing. Especially if you don't know why it's swinging up. You may be buying into a hype curve triggered by other people's fomo. When that happens, you'll lose big in the correction that follows. The one exception is if you see a spike and then also find a good reason. When segwit was finally locked in for bitcoin, all the uncertainty ended and the price shot up for a very good reason. Jumping on that train can be a good decision. + + +4) when you finally take a profit and sell, walk away. Don't keep looking at the price. If you do and you see it going beyond the sell price, you may be tempted to jump in again and take a bit more profit. Not only do you pay 2 extra transaction fees, but you will also risk buying into an overshoot which corrects 2 minutes later, and you lose the profits you realized 5 minutes earlier. + + +5) understand that by playing carefully and with consideration, you may actually miss an occasional coin suddenly increasing in price. that is not to be helped. However, it also means that you are not making a lot of blind gambles that will cost you a lot of money. + + +6) do some research, and only buy into projects for which you actually understand the purpose and which you believe may work in real life. a coin needs more than fanboys shills to be valuable long term. + + +7) be very carefull when buying during a time period when there is a lot of euphoria and all coins are going strong. If the entire market is going strong, all coins do well, even the shitty ones + + +8) learn to recognize pump and dump cycles and avoid them. the saying in poker is: if you don't know who the sucker is, it's you. don't be the sucker. + + +9) look at the long term prices and use baselines, triangles and fibonaci and try to think of what you think the correct value to buy is. with some basic effort you can figure it out and set the buy order and walk away. + + +10) Do NOT try to play the game of buying and selling dips. buy dips if you want to play that game, but don't sell with the idea of buying back shortly after to game the dip. this is a good recipe for disaster. If you were holding NEO 2 days ago when it was 0.0039 BTC and sold with the idea of buying back at 0.0033, you'd be cursing yourself badly now that it shot up to 0.0064 + + +11) when buying, don't just look at the timeline, also look at the order book. If you see big sell walls that are not balanced by buy walls, it may be better to wait for the price to drop some more. + + +12) doing the things above takes time and consideration. you will miss out from time to time by waiting to long, but you will also not make catastrophic errors. Also long as your positions are string, you can continue to keep playing the game. + + +Ok this was more than I had planned to write down, and nothing in it was rocket science, but it may help beginners. I surely did not start making decent profits until I started doing this. +source: [https://www.reuters.com/article/us-sec-lawsuit-nyse-nasdaq-idUSKBN2AA09P](https://www.reuters.com/article/us-sec-lawsuit-nyse-nasdaq-idUSKBN2AA09P) + +This article is short and doesn't elaborate much on what the effects of giving public access to supply and demand data are. Sueing the SEC seems like another way to stifle access to information for retail investors disguised as a means to protect them. + +I have a lot of bias right now against institutional entities and I'm interested in what people have to say about this and whether or not this is more sensational news for clicks. I couldn't find a source with specifics about what the SECs overhaul would look like so I'm torn on how I feel about this. + +Edit: For those seeking further context, look through some of the great discussions in the comments! +Hi personal finance, + +I am considering proposing to my girlfriend of 2 years next month and so I started shopping around for an engagement ring this week. I had an odd experience yesterday that I was hoping someone might be able to shed some light on (and also maybe some light on the process of buying a ring in general). + +So here's what happened. A woman from one of the large brand-name stores initially seemed very friendly. However she used some strange "tactics" (don't really know what else to call them really). First of all she requested my drivers license as soon as I walked in. I couldn't find any harm in this so I gave it to her. Why this was done I'm not sure, but thinking about it retrospectively, I felt a little off-put by it. + +Secondly she asked what my budget was. I said no more than $5000. She called someone using the store's phone and then had me speak to them. The person said they were from the same company and started asking questions like "What do you do for a living?", "How much student debt do you have?" and "What is the limit on your Visa card?". She then handed the phone back to the saleswoman and she told me good news, I was "approved" for $5000. I THINK what she meant was $5000 worth of financing, but I'm not really sure. She was very vague about it when I inquired further. She mentioned that I could put $1000 down and pay something like $150 per month for 18 months with zero interest. + +So there are a couple weird things about this. One, I asked her if she had told the representative on the phone about my $5000 limit, because I found it odd that I was approved for the exact same amount of $5000. She said she did not. But I am quite certain I could be approved for way more than that. The lady on the phone didn't even ask me about my current assets. + +Another weird thing is that I mentioned to her multiple times that I don't need financing, I have the cash. She just ignored this and went on with the financing. + +When she pressuring me into buying a ring I was considering that day, I told her no, I don't make large purchases on the first visit. She then tried to get me to sign a document. She explained it poorly, saying it was for "membership" and so I could access my $5000. Of course she scoffed when I flipped the page back and actually started reading the thing. It was very vague itself, very wordy and difficult to interpret. I did not sign it. + +So needless to say that was a very confusing and annoying experience. + +r/personalfinance... any idea what this was about? And any tips shopping for engagement rings? + +I should say I'm actually kind of against buying diamonds for multiple reasons (blood diamonds, DeBeers history of fixing diamond prices by controlling supply, the fact they can be made synthetically now but prices are still unchanged, scammy business practices by many diamond retailers) .. the only reason I'm even considering it is because my girl seems to expect it. + +If anyone knows of an alternative, please let me know. + +Edit: Wow. Thanks for all your support guys. This is really an awesome community of helpful people. + +I wanted to give you a quick update. It turns out they did check my credit score without my permission. Which is bad, because it will likely lower it a little bit. I printed out my credit report and confronted them. They were super extremely apologetic and said they had no idea, but they've been in the industry for at least 5 years each so I'm sure they knew exactly what they were doing. + +I guess my next step would be to dispute the inquiry with the credit bureau.. I'm going to look into it tomorrow. + +And I've decided to buy a non-diamond stone (probably moissonite) online with a cheap "placeholder" ring and propose using that, then let her pick the ring style herself afterwards. This way I can save thousands and she gets to create exactly what she is imagining. + +I will have to tell her it's not a diamond though. Hopefully that goes over well. +During my 20s, I began to conclude that it's important to be picky in what paths I take, personal, professional, academic or otherwise. A bad path not only sucks but is time lost on a good path. I began to realize that some people may not only make me unhappy, but some could even ruin my life. I began to choose my associations carefully, not in the pursuit of happiness but to avoid risk and catastrophe. After developing habits for these things, my life has improved dramatically, and I have much more happiness anyway. The more you live an honest, safe, and productive life, the easier it becomes to maintain these things. + +When I decided to start investing because I determined that making my savings produce something for me would contribute to that, I saw investors like Buffett basically just applied this mindset specifically to investing and developed best practices to figure this out in analysis. Don't invest in companies that won't produce you long-term earnings, just like you wouldn't want to make deep relationships with people who will ditch you. Don't buy a business with high debt or marry someone with awful credit. Pick friends who keep promises, and buy businesses that uphold contracts. + +Value investing isn't some attempt at cracking the stock market like a lot of speculators would have you think with their own methods. It's being a responsible person and applying that to investment. If "value investing is dead," then being a stable member of society is too. +I (F27) only earn £21k and my husband (M36) is only on £20k and to top it off he's here on a spouse visa so he is not entitled to any public funds. +We want to start trying for a baby but with maternity pay dropping to only 40% after 2 months and then go basically nothing after 4 months, I'm worried that we won't be able to afford to live on only one income. + +When all our bills are payed (we rent and I'm paying off an IVA, the joys of my financially stupid teen years) we usually have about £600 left between us; but if I have to return to work after only 2 months, who's going to look after our baby? I have no family here who can look after them during the day and I can't imagine we'd be able to afford daycare every day (and who wants to give their two month old baby away for 20 full days a month!?). But at the same time we also won't be able to afford to live on only his income and a measly £200 or whatever from my maternity pay. +I'm so confused about it all. I don't know if we can get benefits or if I'd have to apply as a single mum since my husband cannot get any benefits due to him being an American citizen and here on a Spouse visa. I've looked online but it's all so confusing to me. Surely we aren't just doomed to never being able to start a family because we don't earn enough...? + +I wish I had someone else to ask rather than looking a fool asking online, but considering the visa & our rubbish salaries, no one I know personally is in a similar situation. Thanks in advance. + +EDIT: This post has been answered very thoroughly and I thank 97% of you whom have actually been kind and helpful. +I do think many have misread my question; I'm not saying we're not sure we can support a child financially. I'm simply asking about how to go about handling the few months where my maternity pay will drop from a full time wage to about 40% of that. Either way, this has been answered. Thank you :) +Something about no financial advice or whatever, I don’t know, I’m not from the US we don’t enable corporations to fuck us over for posting on a message board. Miss me with that shit. + +I have a background in economics, specifically game theory. I am qualified at the postgraduate level. Take what you will from that. + +Diamond Ape Rocket Rocket Rocket Moon + +**TL;DR:** Every time you ask yourself how wall st could’ve been so stupid and reckless, understand it’s because they are stupid and reckless. They’ve been conditioned to be this way. We will win because their business model is outdated. + +Let me fill you in on the greatest lie ever told by wall st: + +**They are smarter than you.** + +They believe it, and most of the developed world believes it too. + +So why do we all believe they are smarter than us? Well, just like we have confirmation bias in our sometimes shitty DDs, both wall st and main st are being fed confirmation bias daily about how much smarter than us they are. + +They are not smarter. They just play a different game. + +**There are two games being played:** + +1. The first is the game that we (used to) believe that we were playing: + +We are in a free market, the market is regulated at least somewhat to the extent that it is fair, there is no collusion and no conspiracy, because conspiracy theories are for idiots that live in their wife’s boyfriend’s basement. + +2 . The second is the game that we are actually playing: + +The market isn’t even nearly free or transparent. Win by any means necessary, **the only thing that matters is that you win**. Lie, cheat, steal and manipulate as much as you can afford to, because that increases your chances of winning. That’s the Nash equilibrium. + +Here’s the thing though, everyone has played this game for so long that wall st lost sight of the fact that they have political, financial, informational, professional, and legal advantages, and so did we. They take these advantages for granted, as if the playing field is even and they’re winning fair and square because they're just smarter. + +A little proof: After they colluded to turn off the retail buy button in late Jan, Steve Cohen of Point72 tweeted “Trading is a tough game . Don’t you think?”. As if this blatantly illegal market manipulation was a fair part of the game. + +**So why will we win?** + +To answer that question, let me tell you a little story about Encyclopedia Encarta: + +In the mid-1990’s Microsoft started an encyclopedia called Encarta. They employed all the right incentives. They paid professionals to write and edit thousands of articles. Well compensated managers oversaw the whole thing to make sure it came in on budget and on time. A few years later another encyclopedia started - A different model - Do it for fun. No one gets paid a cent or a euro or a yen. Do it because you like to do it. Now 10 years ago if you had talked to an economist … anywhere … and said “Hey, I’ve got these different models for creating an encyclopedia - If they went head to head who would win? 10 years ago you could not have found a single, sober economist anywhere on planet earth who would have predicted the Wikipedia model. This is the Titanic battle between these two approaches. This is the Ali-Frazier of motivation, right, this is the Thrilla in Manila, alright - Intrinsic motivators vs extrinsic motivators - Autonomy, Mastery & Purpose versus Carrots & sticks - And who wins - Intrinsic motivation, autonomy, mastery and purpose - in a Knockout. + +I’m sure you can see the similarities. + +So while they have all the advantages that Encarta did. We have the trump card: **each other**. Yes, that’s all we’ve ever had, and we’ve just realised that’s all we need. Literally a few subreddits with some transparent information sharing and a meritocracy of ideas is all that’s needed to bring some of the most powerful people on earth to their knees… + +Don't get me wrong, we have big players on our side too, but we were the catalyst. + +If that doesn’t explicitly demonstrate how unfair the game is, then I don’t know what else I can tell you. The game was so unfair for so long that their strategy became reckless enough that a few people buying and holding will FINISH THEM. We know it, it’s just a matter of time until they do too. + +They played their cards this way because that’s the way all players taught them to play. + +To be fair, their track record has been outstanding, until now. +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) +I’ve been part of the PinkPanda community since the beginning, and the work being done there continues to impress me every day. This team is as transparent and as active as it gets. They are constantly in the chat answering questions, all the while doing incredible work behind the scenes to push this coin forward. A list of accomplishments so far, only a couple of weeks since launch: + +&#x200B; + +* Version 1 of the mobile app released for iOS and Android, Version 1.1 is supposed to drop very soon! +* Audit completed by Dessert Finance +* Contract renounced +* Owner doxxed +* Almost nightly informal AMA’s, with an official AMA last Sunday with Travladd, an official AMA on the Satoshi Club telegram group and with Goalorious on Youtube +* $1000 donated to the American Cancer Society +* Tyler Hill mentioned on his livestream earlier today that he is going to talk about $PINKPANDA soon. He has over 70K followers. This coin could absolutely blow up once he reviews it! + +And let’s talk about the chart. It’s as healthy of a chart as I’ve ever seen, especially for a BSC coin. Steady, consistent, growth ever since launch. And with all the plans coming, I don’t see it slowing down anytime soon. This coin is still pre-CMC listing! + +A ton of updates are still coming for the app, the biggest of which will be a 5x leveraged mobile DEX. It would be both the first DEX with leverage and the first with a mobile app. We know that trading on BSC is not always easy, and not very accessible to the average investor. Imagine how much that would change with the ease of use of a mobile DEX. The leverage and other built-in functionality (like limit and stop orders) will help bring maturation to BSC trading and further increase the appeal to more traditional traders who are used to these options. + +Sometimes lost in all of this is that this coin also has a charitable mission. $1000 has already been donated to the American Cancer Society, with much more on the way. + +Tokenomics + +* 1 quadrillion total supply + +Breakdown: + +* 50% burned (500T) +* 20% presale (200T) +* 20% initial liquidity (200T) +* 5% charity and community airdrop wallet (50T) +* 5% dev and marketing (50T) + +Taxes: + +* 5% of each transaction auto-locked in liquidity on Pancakeswap v2 +* 5% of each transaction automatically redistributed to PinkPanda holders + +This one is going places. I have never had so little anxiety about a coin. I go to sleep, I wake up, the chart continues to grow. The dips are eaten faster than I’ve ever seen. The future is so bright for this coin it’s blinding. You won’t regret joining this one, both for the long-term potential, and the amazing, fun, welcoming community of pandas. Hop in the TG and check it out for yourself! + +💬 TG: https://t.me/PinkPandaDefi + +🌐 Website: https://pinkpanda.finance + +🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +Bamboo soon. +They basically said they are going on a intense probe of 11 companies and various current and ex executives tied to those companies who have been involved in corporate fraud (please correct me on figures if I’m wrong) This is what we wanted !! They said they were going after individuals no matter their level of privilege. They also said their probe will increase as the pandemic fades out. Also mentioned was the force multiplier with charges hmm + +Any other thoughts ? I’m sure I missed a bunch of details + +• The link to the video is here https://www.justice.gov/live (DEAD) + +• Backup YT link https://youtu.be/HZwLrlzRYho (WORKING) (glad it was saved because the above link has been nuked) + + + + >> Great write up by /u/thelookertoo +- “This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +It’s the top post reply on this thread and a must read ! thanks again /u/thelookertoo + +https://reddit.com/r/Superstonk/comments/t5x60n/_/hz7tuza/?context=1 + +Edit: posting /u/thelookertoo ‘s post here: + +“”This DOJ announcement needs to be mandatory viewing for all apes in it’s entirety. Don’t just skim it. + +Here’s a few of my take aways for those that don’t want to watch or need a reason to: + +There was a long introduction which includes a resume highlighting convictions in terrorist attacks. Weird for an announcement on DOJ financial investigations….but not. They are directly tying corporate fraud to terrorism in my opinion. + +They make it CLEAR that they are not going to settle for fines. They’ve bolstered their teams and finances to go for the throat. A.G. Garland actually makes it clear that normally spending the time and effort on theses investigations isn’t cost effective so fines are the normal recourse. He says this is not an option in these current investigations. + +A.G. Garland makes it clear that they are not just going after the corporations. They want individuals, no matter how high up they are. He says this numerous times. + +A.G. Garland states that in order for any company to receive any form of “cooperators” status in an investigation, they MUST provide all information regarding the wrong doings of EVERYONE involved, regardless of their status in that organization. Essentially hand cuffing any company thinking about using a scapegoat strategy. “We’ll just tell them that A and B did this and get a lighter sentence as a cooperating corporation “. Well, guess what. If the DOJ has any information that C and D (well let’s make this more interesting… K and G) were involved, all cooperating deals are now redundant. It’s actually a huge chess play for the DOJ because they hold the ball here. Fck around and find out type of thing. + +A.G. Garland ties financial crime to national security interests. + +How does this all tie directly into GME (as if not already blatantly obvious). They are going after KG not just Citadel, as well as any other CEO and CFO etc and they aren’t looking at fines. They’re looking at criminal convictions. PREFECT! + +So, is this a big announcement on a day that GameStop is releasing Babylon’s Fall followed by Ryan’s Rescue Hero’s? Damn right it is. + +Thanks for posting this video OP!!! +🍁🦍”” + +Transcript of the speech : https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-aba-institute-white-collar-crime +https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801 + +We now need NSCC-002 to be approved for the changes to be implemented. The deadline is for an SEC response to NSCC-002 is 5/8, but effectively 5/7 because of the weekend. + +Here's my post with the complete timeline: + +https://www.reddit.com/r/Superstonk/comments/n445l7/timelines_for_nscc801_and_nscc002_approvals/ + + +Edit: It is worth reading Section III of the [SEC statement](https://www.sec.gov/rules/sro/nscc-an/2021/34-91770.pdf). The SEC supports the change on many levels, which is good news for NSCC-002. +Context for the question about price freezing: + +> To control inflation, Argentina’s government imposed a 90-day price freeze on 1,245 mass consumer products. The information was released by the newspaper Clarín. +> +> Secretary of Commerce, Roberto Feletti, asked companies to send price lists by October 1st. Prices will remain unchanged for consumers until 7 January. The government’s expectation is to send a clear signal of price stabilization. +> +> The “3-month stabilization agreement” was presented by the secretary Feletti to 40 entrepreneurs this morning. They represent the main food and other foodstuffs factories. + +https://playcrazygame.com/2021/10/14/argentina-freezes-prices-on-1245-products-for-90-days/ +Would a group of new grads who just graduated from college with Bachelor's degrees in Economics do a fairly good job at running the Federal Reserve, or would they most likely lead the country to economic ruin given the amount of knowledge that their degree has taught them? + +Let's say this is their first job and they are tasked with running the Federal Reserve and creating U.S. federal economic policy. + +I'm curious as to what necessary on-the-job training in economics you all felt like you acquired that you did not learn in school that would be necessary in government positions like this. +Hey guys , + +Just wondering how has trading changed your life for the better from a professional aspect and personal pov? + +Thanks for sharing in advance 🚀 +International Airlines Group (IAG) the owner of British Airways, Aer Lingus, Iberia, and two other retail transport airlines, a cargo business, a loyalty program, and finally a dedicated restructuring and business transformation arm. Is my focus right now seeing how COVID-19 has spelt serious trouble for the group. + +Even now we are seeing the UK government call out IAG's actions relating to how they are coping with COVID-19. + +[https://uk.reuters.com/article/us-health-coronavirus-britain-iag/iags-walsh-rejects-lawmakers-criticism-over-british-airways-plan-idUKKBN23M2RJ](https://uk.reuters.com/article/us-health-coronavirus-britain-iag/iags-walsh-rejects-lawmakers-criticism-over-british-airways-plan-idUKKBN23M2RJ) + +&#x200B; + +https://preview.redd.it/xqobaq76mh551.jpg?width=620&format=pjpg&auto=webp&s=2d09991f3391d60607e4f837750c1248cf110ede + +**Is IAG In Trouble?** + +Yes is the short answer. Supposedly the group is burning £20m a day with almost no revenue generation from the airline groups. Cargo, loyalty schemes, and business operations are still in full swing but this was never the big-ticket revenue generators. + +That said there also aren't going to be falling off the radar any time soon. Two weeks ago one of the owned IAG brands has brought out a competitor, a move which has attracted a lot of negative press due to their increasing dominance and seemingly inconsistent approach to how the airlines are doing. BA is firing its staff and rehiring them on cheaper contracts, while Iberia is buying competitors. + +It's this dynamic of [moral issues](https://onemileatatime.com/british-airways-threatens-to-fire-all-pilots/), [a damaged industry](https://www.flightglobal.com/airlines/uk-government-issues-flight-resumption-guidance/138796.article), the [CEO stepping down in September](https://www.iairgroup.com/en/newsroom/press-releases/newsroom-listing/2020/chief-executive), and a global pandemic which has made me want to look at IAG as a shorter-term investment opportunity. + +**Is IAG Fundamentally Strong?** + +We only have the Q1 figures to go off and any announcements IAG has made to build up a picture of IAG life during COVID-19, which they have clearly been as light as possible on. + +&#x200B; + +https://preview.redd.it/qell3s17mh551.jpg?width=599&format=pjpg&auto=webp&s=a221b8aec56934991c4963d9f6626cfd1ce14586 + +Source: [IAG Q1 2020 Traffic Report](https://www.iairgroup.com/~/media/Files/I/IAG/traffic-statistics/q1-20-traffic-and-capacity-statistics.pdf) + +We know that flights have been grinding to a halt, domestic and international travel has been restricted or blocked. However, without a Q2 report, we don't have any official insight into the impact. Given the massive cutbacks and use of government support, we know the impact is single biggest threat IAG has faced in its nine-year life. + +&#x200B; + +https://preview.redd.it/o1ixinu7mh551.png?width=946&format=png&auto=webp&s=270893b2ceab5b92e26c29a43a359957cf9c6429 + +Source: [Genuine Impact](https://www.genuineimpact.io/) + +While the surface figures don't look alarming, we are dealing with fundamentals which don't include the current impact, the only dynamic bits to the company assessment is the current price and latest analyst ratings. + +&#x200B; + +https://preview.redd.it/4u7jukp8mh551.jpg?width=881&format=pjpg&auto=webp&s=de730940d978176815de94fb0e28e76f0b045b56 + +Source: [IAG Q1 2020 Report](https://www.iairgroup.com/~/media/Files/I/IAG/press-releases/english/2020/Interim%20Management%20Statement%20for%20the%20three%20months%20to%20March%2031%202020.pdf) + +Looking at the annual figures IAG was brining in around €25m a year in revenue with a profit margin bouncing between 6-11%, 2016 and 2017 saw 8.56% and 8.69% respectively with 2019 dipping to a low of 6.72%. If you look at Q1 we even saw a -36.71% profit margin for a three month period where we had one a bit good months of travel. + +It's no secret that airlines struggle with profitability. With a gross margin of 28.48% in their 2019 full-year statement, that doesn't leave a lot of wriggle room. Not to mention the pilling debt which has no doubt taken a serious turn for the worse. + +In 2019 we had 80.85% debt to assets, with €12.7m in current liabilities. Even in that report the current assets only came to €11.3m. The biggest asset IAG has is it's fleet and sites, coming in at €19.1m, however, the planes need maintenance and ongoing expense and the sites are only useful for other aerospace firms or [Top Gear](https://www.businessinsider.com.au/the-abandoned-spanish-airport-made-famous-by-top-gear-may-be-about-to-sell-for-only-10000-euros-2015-7). The point is I don't have a lot of faith in these long term assets being worth as much as the balance sheet claims. + +&#x200B; + +https://preview.redd.it/1eybgli9mh551.jpg?width=1383&format=pjpg&auto=webp&s=414ddd73b25e0ac0b492f12e7d841aac46910a95 + +Source: [Wallmine](https://gb.wallmine.com/lse/iag) + +With increasing debts, lower profits, and an increase in financing, even without COVID-19 this wasn't the healthiest looking firm. Then why was this one of the hot stocks, and why is it making a comeback? + +&#x200B; + +https://preview.redd.it/xyxzrbbamh551.jpg?width=769&format=pjpg&auto=webp&s=a54e979df82b0503e50f5f3b9fdbea46fe7e58c5 + +Source: [Google Finance](https://www.google.co.uk/search?q=LON:+IAG&stick=H4sIAAAAAAAAAONgecRozi3w8sc9YSm9SWtOXmPU4OIKzsgvd80rySypFJLiYoOyBKT4uHj00_UNM5LKcrMyClN4AA07cIs8AAAA&tbm=fin#scso=_CCzqXrXhHvXqxgPvq7zQDw1:0) + +News that flights would reopen gave the stock a recent boost, but firing their staff and rehiring them, as well as the UK governments isolation after travelling plans have restricted any upward momentum. + +The value metrics are all very misleading, firstly we have had a negative quarter, the liabilities and assets are assumed to remain the same, and even looking annually we aren't accounting for what could be three or more heavily negative quarters. + +&#x200B; + +https://preview.redd.it/0xxrsa3bmh551.jpg?width=922&format=pjpg&auto=webp&s=30db1a3a2e1e1345c994b63390936e16e2ea0d37 + +Source: [Wallmine](https://gb.wallmine.com/lse/iag) + +While IAG is losing money I'm not expecting this dividend to be flowing, but once we get into a more stable position this will be a big attraction for other investors. Assuming that IAG isn't going to fail within the next year, the company is taking steps to payout to shareholders in the long term. + +&#x200B; + +https://preview.redd.it/zro2nhubmh551.png?width=1080&format=png&auto=webp&s=c12d8db3cc85333fcc2a2b0c22cdefbdbe1f39d2 + +Source: [Genuine Impact](https://www.genuineimpact.io/) + +The sell-side analysts are also pretty punchy in terms of IAG's future. They can raise and manage more debt and can increase profitability by making the cuts which they have been performing over the last month or so. + +I'm not surprised to see strong support by analysts, and even a consensus share price target of £4.2781, compared to the current price around £2.70\~. + +**Summary Pros** + +* IAG can generate large profits and is geographically spread out +* Buying up competitors while the market is cheap +* Taking full advantage of government support in multiple regions +* Already gone through the painful shrinking process +* The market is eager to invest back into the firm once travel restrictions are lifted +* Big dividend to tempt in other investors and give them confidence, producing more momentum + +**Summary Cons** + +* Growing debt and the new state of debt is unknown +* Very fragile and reactive to COVID-19 news +* Collecting a large amount of bad PR +* Growing size could attract government attention, especially if they need more government assistance + +**My Thoughts** + +Right now I am looking at IAG as a huge momentum play. News of the 14-day self-isolation in the UK and around the EU being eased would be a massive boom. I think fundamentally the airline industry is a tough sell, and coming out of COVID-19 is going to leave a stain on their balance sheets for the next couple of years. + +I am intending to buy into IAG and set myself the £4.00\~, just under the sell-side estimates. If we can hit that price point in the next three months and the price begins to wobble again, I'd be happy to sell out and put my cash elsewhere. + +Best case we see a closer return to old figures, but I don't see that happening once we see the state of the new debt. It would be overwhelming momentum and lighting in a bottle moment if we saw the £5 mark within the next six months. + +Let me know what your thoughts are on IAG? Is this a company you are invested into, or one you have been watching? As always I love to hear your feedback! + +Thanks for reading and stay safe. +I have spent the majority of my life severely depressed, and I'd say I've let this illness ruin my life. That's not the point of this post though; I am somehow now in a ok job for a few years and am for the first time trying to take care of my self. + +Some info: + +\- Earning 42k a year in Germany, around 30k after tax. It is extremely unlikely I will ever earn much more than this. I have never earnt this much. + +\- I have no savings, no emergency fund. I recently moved which drained the majority of my cash so I'm extra low now, but in general nothing. + +\- No investments/private pensions + +\- Around 11k Student debt at around 150eur a month. 2k credit card debt. + +\- No children, very unlikely I ever will. I have a cat that costs me around 200 euros a month all inclusive that I'd like to keep as my companion. + +\- No investing/financial literarcy beyond using basic budgeting software. + +\- No driving license. I'd like to get this and this will be a significant expense for me in the next few years. + +\- Around 5k (if lucky) in music + photo assets I've collected up over the last 15 years. + +My first step is to get together around 6months cash emergency, then plan to put whatever hundred euros a month I can into some ETF funds. My question is: is it even worth me trying to invest/build a portfolio? I don't expect to ever have any real estate, real money, or retire really. I can expect no inheritance/family help. When trying to make a plan I get so intimidated by my peers with several thousand in savings and investments, and feel it's too late. + +I'd appreciate some advice from anyone a bit more literate to me, whether it's worth spending the rest of my working life with almost no entertainment/life budget desperately trying to catch up. I already know I've ruined my life, am a failure, should have done everything differently, so I'd ask those keen to remind me of this to refrain. + +Many thanks for any direction/advice offered. +TLDR: GameStop will issue a carve-out of GME Entertainment, this will be all of the things not associated with traditional e-commerce products. This will issue new stock/tokens onto their blockchain exchange. This precedence was set by the Slack lawsuit ($WORK), and requires a tombstone pr announcement and a share recall/count happens after announcement. I would guess as a dividend they would also issue shares/tokens of GME-E to existing shareholders. Shorts are fucked and brought into the daylight using blockchain tech. Oh and pretty sure I figured out the infamous ice cream cone tweet :) + +We know that GME's hire posts have had "carve-out experience" in them, here are some examples of this: + +&#x200B; + +https://preview.redd.it/aqd7fut7fqq81.png?width=777&format=png&auto=webp&s=f8e3ed747e816b473474a3b43f4aa3af30de4af6 + +&#x200B; + +https://preview.redd.it/6yhd0h6cfqq81.png?width=801&format=png&auto=webp&s=14a563247474305987f05ea6abe89d51f51c032b + +https://preview.redd.it/8ax0kf6cfqq81.png?width=715&format=png&auto=webp&s=743606fc3ab6884ff62b134d331f19ac5d45ab85 + +What does a DPO have to do with a potential GME carve out? What is a DPO? Well mainly carve outs are a way to increase funding for growth companies, typically they are offered as an IPO or a DPO. Essentially the carve-out is usually offered to the public to generate cash and if the carve-out doesn't fit the mold of the parent company's underlying infrastructure. Issue shares/tokens on exchange for cash basically. Some prominent examples of companies who have DPO'd are Slack, Spotify, and Ben and Jerry's (at origin). + +So how is all of this potential carve-out->DPO associated with Slack ($WORK)? Well they just lost a lawsuit against retail because they did not protect their restricted stock and they could not trace the lineage of the shares offered during their DPO. They lost. We won. The burden of proof is on the DTC and they just fumbled a HUGE lawsuit for blockchain tech to take control of securities. We have legal precedence to use blockchain if we think the system is not working fairly in our favor. The number one issue was TRACEABILITY..MASSIVE WIN. + +&#x200B; + +https://preview.redd.it/nnfk08vtfqq81.png?width=722&format=png&auto=webp&s=08791cc8e78e882320cf91719a067d4cf3aa4052 + +Also Cohen tweets about WORK are picking up traction.. his initial one had this sub going crazy down the rabbit hole of slacks lawsuit. + +&#x200B; + +https://preview.redd.it/7w6oaf4yfqq81.jpg?width=825&format=pjpg&auto=webp&s=68150ad294cd0ea5a41f3dc6762d7d8fe8afcf47 + +&#x200B; + +&#x200B; + +[ ](https://preview.redd.it/2ny7g16agqq81.jpg?width=828&format=pjpg&auto=webp&s=8520ca46b193b028d77717bb6886edb6ef573ef8) + +TLDR of lawsuit: Slack didn't protect restricted stock and couldn't trace it and their retail investors got fucked because even the DTC couldn't trace them. If only there was a blockchain exchange that could house this carve-out security......... oh shit. + +So a DPO of their carve-out seems to be the plan. How would it be initiated? + +&#x200B; + +https://preview.redd.it/tkp25vl1hqq81.png?width=766&format=png&auto=webp&s=e4638a27cf1478222d15fdc44894ca386b986ff9 + +Remember this lil guy? + +&#x200B; + +https://preview.redd.it/jom9oaa7hqq81.png?width=704&format=png&auto=webp&s=0d19605b015dc5ad704ff96b8c8be4ef993cada7 + +I wonder who the first person to issue a DPO was, maybe the apple doesn't fall far from the tree eh? + +&#x200B; + +https://preview.redd.it/178q81sbhqq81.png?width=766&format=png&auto=webp&s=4fc2f52a57ebfde2e448b0e6c3c03c451aac5a75 + +&#x200B; + +https://preview.redd.it/nf6evaifhqq81.png?width=593&format=png&auto=webp&s=6fdd8120c75ca26629b6d1f20a8dac1d2a137b64 + +GOT TO BE KIDDING ME. First one to ever do it was B. Cohen who started an ice cream business. BEN COHEN/RYAN COHEN + +Wait a second? I think i remember a tweet from our beloved chair about a cone... everyone tweaking about how an ice cream cone was tied to cycles theories like bro what the fuck r u talking about? I'd guess this is it given his tombstone tweet was posted in the same timeframe. + +&#x200B; + +https://preview.redd.it/hwb0z3zjhqq81.png?width=589&format=png&auto=webp&s=e325c275ee4ae5f9cd87d20e849b5e4b290b2374 + +Also in the tombstone generator Cohen inserted his name as the death date, god mode. + +He is when they die, he is the end game. and literally used a website called "TOMBSTONEBUILDER" he's literally screaming at us "WE ARE GOING TO DPO YOU LOVABLE IDIOTS!" + +Post added for more weight: + +I remember Larry Cheng posting about understanding your customer base as a way to fine-tune how to generate cash whether it be DPO or IPO. Customers that a apart of a loyal customer base (us) usually DPO 9 times out of 10 compared to an IPO. I remember something about exponential growth curves as well that ties into this but cannot find it. + +Hedgies are so fucked, blockchain will be implemented in a DPO, we will all be rich. + +Edit: just realized the sugar daddy tweet as well. Like 50 years ago they were on the verge of bankruptcy (tootsie) and the owners essentially went door to door and had a grass roots movement that had retail almost take them completely private. They became registered shareholders. To this day 75% of all holdings are still retail/non insider. DRS YOUR FUCKING SHARES OR GET LEFT BEHIND!! + +To add more speculation that is entirely just speculation. Maybe they will also issue some of these targeted companies on there as well. Toys R Us/ BBBY/KOSS. + +60s music and pillow fights is BBBY and KOSS -sonographic record of Beatles saved their company? -will they be issued on exchange too? + +7 for 1 offering could also tie into this DPO/Issue as well? (TINFOIL not connected at all besides cohencedence in time) + +&#x200B; + +LAST EDIT: + +A FUCKING STOCK SPLIT ON SAME DAY I FINALLY POST THIS YOOOoOooO. ISSUE MORE SHARES, LET THEM DO THEIR FRAUD EVEN MORE, THEN PUT IT ON BLOCKCHAIN AND WATCH THEM SCRAMBLE FOR EVEN MORE SHARES. LETS GO. + +WAGMI <3 +It's tiring to read the same posts over and over again each week/day. There is several gold digger/dating related posts at top just now. It's not useful to fat fire. If someone can't figure out how to not find a gold digger, then they need self reflection. This sub has truly changed ever since more members have joined +Many Hollywood movies and sometimes even motivational speakers push this silly idea that to be successful, you just need to quit your job and follow your dreams. + +What they usually omit is ...this only applies to ***upper middle class*** people. + +Lower middle class is dangerously close to abject poverty and you are always one month's salary away from bankruptcy. But since you aren't actually in the poverty line, you don't qualify for any govt programs, so you have to pay for every emergency out of your pocket...making it harder to truly save up money. + +I remember watching once a story about victims of the Australian serial killer Ivan Millat and one of the tourists was backpacking because his Dad wants him to study to become a medical doctor, but he was not sure of his career path, so he took a year off to travel. + +I'm sure you've seen the movies where the main character quits his dayjob to go pursue his passion and becomes an immediate success. + +I've heard this in motivational speeches too. + +Here's the thing. That's just not possible for most of us. + +I can't just quit my job and travel. I would be broke in a week. + +The idea of quitting my job to start a business or become some sort of artist is romantic but....far fetched. + +I was reading up on Elon Musk and apparently (surprise surprise) ...he comes from old money. He didn't build from scratch. +**THIS IS FUCKING HUGE** + +NSCC decided not to margin call. Why? + +* [See for yourself](https://i.redd.it/y40fvix0yau71.png) +* edit: p.31 SEC report, [sauce](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +* "Exercised its... discretion" (i.e. "we do what we want") +* Used discretion to NOT margin call. Not because the situation didn't merit it (it did), but because ?? +* NO CRITERIA IS GIVEN WHY IT WAIVED MARGIN +* How many firms were affected by the underlying asset? +* How much were they underwater/what was the VaR? +* What *WAS* the threshold? When *WOULD* the NSCC have made a margin call? +* Why was the NSCC so certain the underlying asset would not become *MORE* volatile and further expose the numerous firms to *MORE* risk? *WHAT ASSURANCES DID THEY HAVE?* + +This all implies the NSCC **KNEW** the stock would become "involatile" - i.e. buy button would be turned off as a solution, or worse - and that it wanted to protect its members ahead of any other interest. + +HOLY SHIT +Everyone calm down, the crashes we are seeing right now are a good thing since ETH is holding its price now while BTC is still struggling. This is an excellent buying opportunity and I expect a new all time high by the end of the week. Reasoning is that the resilience to the price drop is getting a lot of attention right now, payday is tomorrow, plus we should have coinbase up and running soon. +Welcome to the twilight zone folks. If you don’t recall the 2017 bull run, then understand you’re in for a treat. With top 10 coins pumping wildly right now but BTC starting to flag in relation, the tide is about to come in and push all our favorite shitcoins to their absolute limit. + +**Saturna** is here in the **right place** and at the **right time** which is why it hit eight figures shortly after launching and looks on track to be the talk of BSC as the fastest growing token anyone’s seen. Seriously, beyond utility-based projects which never see this kind of growth, you’re talking about **a token that’s mooned faster than Hoge, SafeMOON, and Bonfire.** + +With an absolutely killer website, already a strong TG community, and achievements coming at holder-based intervals Saturna looks primed to blast off this week, making a **jump to a $100M** market cap reasonable from its **current BUY THE FUCKING DIP price of $6M.** + +I mean, **try to find another token that has experienced this much growth, this quickly,** and didn’t make a huge run within the first week. I’ll save your lazy ass the time, **there is none, flat out doesn’t exist**. Saturna is your big chance to actually be early on the next token to make the newsroom rounds so you can brag about how you weren’t just a first adopter to cryptocurrency, but knew where to find the best gains. + +Because while it’s hard to know in this wave of memecoins what’s for real and what’s dogshit, it’s hard to find an easier set of signals than what’s being presented with Saturna. With an **audit, listings, and major influencer campaigns** coming soon, this baby has barely begun to breathe. **10k holders is basically an inevitability at this trajectory,** which should easily stabilize this price point to an 8-figure mark. + +Listen to me, don’t, these things have a life of their own so the only thing up to you is whether you want to be a part of it. I’d check out the website first though, see the energy with the community, and **ask yourself what you’ll think if you see this at 100x next month.** + +📮 Telegram : [t.me/saturna\_TG](https://t.me/saturna_TG) + +🪐 Website : [saturna.co/](https://saturna.co/) + +📈 Chart : [charts.bogged.finance/?token=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://charts.bogged.finance/?token=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +🥞 PancakeSwap : [exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + **👉 What is MicroPets?** + +&#x200B; + +MicroPets is home to the cutest NFT's on the Binance Smart Chain! They've taken your favorite memes and packaged them up into adorable pets you can trade or stake. The rarer the MicroPet the better the rewards. Buy a crate, meet your pet, sell him on the marketplace or stake him for 400%+ APY! The rarer the pet, the better the rewards 🔥 + +&#x200B; + +**🚀 Key accomplishments** + +&#x200B; + +» Certik audited + +» NFT Play To Earn (P2E) game in development + +» CEX listing + +» Listed on CG/CMC in first 3 days + +» Had several massive news networks publish articles on our project + +» Reached 10 THOUSAND HOLDERS + +» Crushed an $18 MILLION Market Cap + +» Released 2 new legendary pets & a limited edition series for Halloween + +» Opened over 10 THOUSAND CRATES! + +» Trended #1 on CMC for over 3 days straight + +» Trended top 10 on DexTools for over 5 days straight + +» Trended #MICROPETS on Twitter in Top 10 + +» Held several AMA's in prestigious investor groups + +» Placed a digital billboard outside of SpaceX + +» Began heavy development on the 'Farming' phase + +» Teased images of our first runner p2e game + +» Given away over $5k in prizes to our community + +» Ads actively running on TONS of websites + +&#x200B; + +**😲 Did we mention they have a MASSIVE billboard at Times Square outside of the NFT NYC conference?** + +&#x200B; + +📝 Contract address: 0xa77346760341460b42c230ca6d21d4c8e743fa9c + +&#x200B; + +🌐 Website: [http://www.micropets.io](http://www.micropets.io/) + +⚡ Telegram: [https://t.me/MicroPets](https://t.me/MicroPets) +&#x200B; + +&#x200B; + +[Look under your chair!!! YOU GET A MOASS! AND YOU GET A MOASS!!](https://preview.redd.it/g3245ro7vel71.png?width=1153&format=png&auto=webp&s=40b422e87399616c81defad9048c6a0a6a810abb) + +&#x200B; + +Wanna take a guess as to what the above image is? + +The volume of 1700+ OTC non retail tradeable stockies. Graphed alongside each other from Jan 2021 to Sep 2 2021. + +There are 13k stocks that are doing funky OTC shit but I narrowed it down to about 1700 of Citadel's closest friends. + +What do you notice about this graph? Right off the bat? (Literally no pun intended, I noticed it after I typed it lmao) + +Oh you say you notice some giant spikes at the end there, huh? + +That's the beginning/middle of August 2021. + +I'll upload the list and analyze with more data in an another post soon but I've been staring at these for 15 hours straight and I just wanted to get this fact out there and go to bed. + +It's not just Blockbuster, Sears, ToysRus, etc. It's like thousands of stocks in secret. + +Here's some examples of the various types I've found. + +I figure there's at least 3 separate strategies going on with these. + +&#x200B; + +1. Zombie + +&#x200B; + +No activity for like ever and then out of the blue the last week BAM! + +[MNVN rise from your grave!](https://preview.redd.it/a5olcku9vel71.jpg?width=1329&format=pjpg&auto=webp&s=cec5694321203cd8c390f1561917b6547bdd50b6) + +&#x200B; + +&#x200B; + +&#x200B; + +2. "FUCK WE NEED CAPITAL FOR OUR BALANCE SHEET" + +&#x200B; + +[STRANGE SPIKEYS ON GME BOOM CYCLES! HMMM](https://preview.redd.it/wrk4wcybvel71.jpg?width=1371&format=pjpg&auto=webp&s=6abf8cd2aabf100ec5eb99463ca7151d7327f507) + +&#x200B; + +&#x200B; + +3. "Pump starting Jan 27 and then emergency dump when shit starts really hitting the fan." + +&#x200B; + +https://preview.redd.it/vdbynit9xel71.jpg?width=1360&format=pjpg&auto=webp&s=fd68e8ccb738fa6852e9b3d9d6f670f9172ec1f3 + +&#x200B; + +&#x200B; + +It's a mixed bag. They all correlate with GME in some way and most of them look like 1 of those 3 charts. They follow mostly the same pattern with volume ramping up to never before seen levels in the last few weeks. + +The same pattern that umm.. MSM tells us is retail "propping up meme stocks". + +Well the issue here is most of these are marked as defunct, delisted, "Pink No Information", "Can't contact the company" type stocks. Retail can't buy most of them so how the hell is this happening? + +It's pretty obvious it's not retail. + +&#x200B; + +https://preview.redd.it/p1gv7vsevel71.jpg?width=1329&format=pjpg&auto=webp&s=9a5d8068d8f0f504b7a2b7d00fd100164ed0a2fc + +This one's interesting. It starts pumping in January and then February spikes. And now all of a sudden it's reaching highs just the last few days. FOR NO REASON. + +Another thing, a large percentage of these stocks have spikes from Feb 4th to Feb 8th. Idk why that's significant but it seems too clustered to be a coincidence. + +Probably to keep shorting GME down to 38. + +&#x200B; + +Funny thing about ParkVidya. Their website is unreachable. + +[http://www.parkvida.com](http://www.parkvida.com/) + +&#x200B; + +Yahoo lists them as + +[https://finance.yahoo.com/quote/PRKV/profile?p=PRKV](https://finance.yahoo.com/quote/PRKV/profile?p=PRKV) + +Sector(s): **Financial Services** + +Industry: **Shell Companies** + +Full Time Employees: **3** + +Yahoo says they're formerly known as Montana Mining Corp. and changed its name to ParkVida Group, Inc. in September 2011 + +Here's their Twitter for the resort: + +[https://twitter.com/parkvida](https://twitter.com/parkvida) + +Nothing since 2011. + +&#x200B; + +And the SEC says they were incorporated in Nevada... + +[https://sec.report/CIK/0001104672?\_\_cf\_chl\_jschl\_tk\_\_=pmd\_0lqrIstcUAzoWSwzQaBBTBExd.NNVzNio9ooOVr8IzU-1630666664-0-gqNtZGzNAiWjcnBszQkl](https://sec.report/CIK/0001104672?__cf_chl_jschl_tk__=pmd_0lqrIstcUAzoWSwzQaBBTBExd.NNVzNio9ooOVr8IzU-1630666664-0-gqNtZGzNAiWjcnBszQkl) + +And their last filing was in 2015. Which by the way was a notice of termination / deregistering of the stock. + +[https://sec.report/Document/0001211524-15-000011/](https://sec.report/Document/0001211524-15-000011/) + +&#x200B; + +According to: + +[https://www.ipohub.org/delisting-and-deregistering-guidance/](https://www.ipohub.org/delisting-and-deregistering-guidance/) + +Once a company has successfully **deregistered, the company's stock can no longer be publicly traded**. When a company deregisters, it is also delisted simultaneously because it can no longer be publicly traded + +&#x200B; + +The company is SHUT DOWN. NO BUSINESS. STOCK CAN NOT BE TRADED. + +But yet it's still kickin'.. AND RECENTLY. + +&#x200B; + +Just ONE of the many scooby doo mysteries you'll find when diving into this list. + +&#x200B; + +Again, I'm going to compile a much larger DD later with a few other wrinkle brains help for everyone to dive in on it if they so chose. + +But for now I just wanted to share that it's way bigger than Blockbuster and Sears. + +&#x200B; + +This one's interesting, it's up 216% the past month and just drops almost 50% in the last 5 days. + +Clearly it's a number 3 with fries and a coke. + +&#x200B; + +https://preview.redd.it/no9n422hvel71.jpg?width=1300&format=pjpg&auto=webp&s=521dd74b93b4168ca5f54ec2fe01947bc00142df + +There's so much data I have to pile through and look at. The next post will be way more detailed. I know it's morning but I pulled an all dayer and nighter and falling asleep as I type this so I'll say Goodnight! + +I look forward to what mysteries ya'll uncover with this insight. + +Edit: there is an alarming amount of comments saying they bought Sears as if the point of this post was to make them do that. Saying stuff like ok you convinced me 😂 bruh this post has nothing to do with Sears stop. + +&#x200B; + +Edit 2: Fixed an issue in the post that made the pictures go away after my first edit on mobile lol + +&#x200B; + +Edit 3: Just to give you a scale of how MASSIVE this shit is, here's a zoomed in look at the first chart. + +&#x200B; + +First the chart: + +&#x200B; + +https://preview.redd.it/g3245ro7vel71.png?width=1153&format=png&auto=webp&s=40b422e87399616c81defad9048c6a0a6a810abb + +And zoomed in: + +https://preview.redd.it/prxbe707wel71.png?width=1153&format=png&auto=webp&s=8590a107c268f821867271d8e8f779eb1eef33cf + +Looks like a rainbow colored forest. But because there are so many stocks in the graph, it looks like a jumbled mess zoomed in. I just wanted to give this pic for scale. + +&#x200B; + +Edit 4: + +Further proof of this fuckery for ppl asking how this is correlated to GME: + +BABL had a 278% surge at 11:20 AM today. + +[BABL](https://preview.redd.it/r04fjx5w6fl71.png?width=927&format=png&auto=webp&s=380f31b1b02ed5108c1f83453387f12aaa24d174) + +At the same time GME had a short ladder attack. + +[GME](https://preview.redd.it/kl8a1yrv6fl71.png?width=891&format=png&auto=webp&s=a87e3a0b8a18fafafb5c96ed97d1a8e9430ced07) + +&#x200B; + +SRSR = up 5% today while GME down 5% + +MNVN = up 80% today. + +This shit is real. + +&#x200B; + +Edit 5: + +After I posted this, I got the anonymous message from RedditCareSources for suicidal posts lmao I'm not suicidal. Not one bit. + +And also, they deleted the repository where I was getting this OTC data from. + +Funny thing though they can delete the repository but they can't delete the stock tickers I already downloaded all of them lmao + +&#x200B; + +Edit 6 lmao... + +So after I posted this, the repository went down. Then a couple hours after I posted the edit, the repository went back up. SO idk if that is correlated or just the server was down for a bit. But it's back up now. +**Introduction:** +&nbsp; + +Greetings, fellow ethtraders! Happy New Year! In the next few months, taxpayers across the US will be filing their 2017 tax returns. As an [Enrolled Agent](https://www.irs.gov/tax-professionals/enrolled-agents/enrolled-agent-information) and a ETH/cryptocurrency investor and enthusiast, I wanted to write up a brief guide on how your investments in ETH and other cryptocurrencies are taxed in the US. + +&nbsp; + +--- + +&nbsp; + +**1. Are ETH/cryptocurrency realized gains taxable?** + +Yes. [The IRS treats virtual currency (such as cryptocurrency) as property.](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) That means if you sell ETH, BTC, or any other cryptocurrency that has appreciated in value, you have realized a capital gain and must pay taxes on this income. If you held the position for one year or less, it is a short-term capital gain which is taxed at your ordinary income tax rate. If you held the position for more than one year, it is a long-term capital gain which is taxed at your long-term capital gains tax rate. In most cases, this is 15%, but could also be 0% or 20% depending on your specific ordinary income tax bracket. + +&nbsp; + +**2. If I sell my ETH for USD on Coinbase but do not transfer the USD from Coinbase to my bank account, am I still taxed?** + +Yes. The only thing that matters is that you sold the ETH, which creates a taxable transaction. Whether you transfer the USD to your bank account or not does not matter. + +&nbsp; + +**3. If I use my ETH to buy OMG or another cryptocurrency, is this a taxable transaction?** + +Most likely yes. See #4 below for a more detailed explanation. If assuming crypto to crypto trades are not able to be like-kind exchanged, then continue on to the next paragraph here. + +This is actually two different transactions. The first transaction is selling your ETH for USD. The second transaction is buying the OMG with your USD. You must manually calculate these amounts. For example, I buy 1 ETH for $600 on Coinbase. Later on, the price of 1 ETH rises to $700. I transfer that 1 ETH to Bittrex and use it to buy 37 OMG. I have to report a capital gain of $100 because of this transaction. My total cost basis for the 37 OMG I purchased is $700. + +&nbsp; + +**4. If I use my ETH to buy OMG or other cryptocurrency, could that be considered a tax-free like-kind exchange?** + +Probably not. The new tax law says that like-kind exchanges only pertain to real estate transactions. [This was done with Section 13303, which replaced “property” with “real property” for all of Section 1031](https://www.congress.gov/115/crpt/hrpt466/CRPT-115hrpt466.pdf) (page 72 near the bottom). My personal interpretation: + +In 2018 and going forward, cryptocurrencies can definitely not be like-kind exchanged. + +In 2017 and before, it is a very gray area. I personally am not taking the position that they can be like-kind exchanged, because if the IRS went after a taxpayer who did this, the IRS would probably win and the taxpayer would owe taxes, interest, and probably penalties on every single little gain made from trading one cryptocurrency for another. + +[Here is a great interpretation of why trading cryptocurrency for cryptocurrency is probably not a like-kind transaction.](http://www.taxabletalk.com/2017/09/05/can-you-use-a-§1031-exchange-to-defer-gain-with-cryptocurrency/) + +In my opinion, the biggest factor is that like-kind exchanges must be reported on [Form 8824](https://www.irs.gov/pub/irs-pdf/f8824.pdf) and not just ignored. Therefore, if a taxpayer is claiming like-kind exchanges on crypto to crypto exchanges, he or she would have to fill out a Form 8824 for each individual transaction of crypto to crypto, which would be absolutely cumbersome if there are hundreds or thousands of such trades. + +[Here is another article about like-kind exchanges.](https://www.forbes.com/sites/greatspeculations/2017/08/15/cryptocurrency-traders-risk-irs-trouble-with-like-kind-exchanges/) + +[Here is the American Institute of CPAs' letter to the IRS, dated June 10, 2016,](https://www.aicpa.org/advocacy/tax/downloadabledocuments/aicpa-comment-letter-on-notice-2014-21-virtual-currency-6-10-16.pdf) asking them to release guidance on whether crypto to crypto can be like-kind exchanged or not. The IRS has not responded to the letter. + +&nbsp; + +**5. How do I calculate the realized capital gain or loss on the sale of my cryptocurrency?** + +The realized gain or loss is your total proceeds from the sale minus what you purchased those positions for (your cost basis). For example, you bought 1 ETH for $300 in June of 2017. In December of 2017, you sold that 1 ETH for $800. Your realized gain would be $800 - $300 = $500. Since you held it for one year or less, the $500 would be a short-term capital gain taxed at your ordinary income tax rate. + +&nbsp; + +**6. Which ETH's cost basis do I use if I have multiple purchases?** + +The cost basis reporting method is up to you. For example, I buy my first ETH at $300, a second ETH at $530, and a third ETH at $400. Later on, I sell one ETH for $800. I can use: + +*FIFO (first in first out)* - cost basis would the first ETH, $300, which would result in a gain of $500. + +*LIFO (last in first out)* - cost basis would be the third ETH, $400, which would result in a gain of $400. + +*Average cost* - cost basis would be the average of the three ETH, $410, which would result in a gain of $390. + +*Specific identification* - I can just choose which coin's cost basis to use. For example, I can choose the second ETH's cost basis, $530, which would result in the lowest capital gains possible of $270. + +&nbsp; + +**7. If I end up with a net capital loss, can I claim this on my tax return?** + +Capital gains and capital losses are netted on your tax return. If the net result of this is a capital loss, you may offset it against ordinary income on your tax return, but only at a maximum of $3,000 per year. The remaining losses are carried forward until you use them up. + +&nbsp; + +**8. What is the tax rate on my capital gains?** + +If long-term, the tax rate is 0%, 15%, or 20%, depending on your ordinary income tax bracket. If short-term, the tax bracket you’ll be in will depend on your total income and deductions. The ordinary income tax brackets are 10%, 15%, 25%, 28%, 33%, 35%, and 39.6% in 2017 and 10%, 12%, 22%, 24%, 32%, 35%, and 37% in 2018 and going forward. + +[Here are the 2017 and 2018 ordinary income tax brackets.](https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/) + +[Here are the 2017 and 2018 long-term capital gains tax brackets.](https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/) + +[Here is a detailed article on how the calculation of long-term capital gains tax work and how you can take advantage of the 0% long-term capital gains rate, if applicable.](https://www.kitces.com/blog/understanding-the-mechanics-of-the-0-long-term-capital-gains-tax-rate-how-to-harvest-capital-gains-for-a-free-step-up-in-basis/) + +&nbsp; + +**9. If I mine ETH or any other cryptocurrency, is this taxable?** + +Yes. [IRS Notice 2014-21 states that mining cryptocurrency is taxable.](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) For example, if you mined $7,000 worth of ETH in 2017, you must report $7,000 of income on your 2017 tax return. For many taxpayers, this will be reported on your Schedule C, and you will most likely owe self-employment taxes on this income as well. The $7,000 becomes the cost basis in your ETH position. + +&nbsp; + +**10. How do I calculate income for the cryptocurrency I mined?** + +This is the approach I would take. Say I mined 1 ETH on December 31, 2017. I would look up the [daily historical prices for ETH](https://coinmarketcap.com/currencies/ethereum/historical-data/) and average the high and low prices for ETH on December 31, 2017, which is ($760.35 + $710.12) / 2 = $735.24. I would report $735.24 of income on my tax return. This would also be the cost basis of the 1 ETH I mined. + +&nbsp; + +**11. Can I deduct mining expenses on my tax return?** + +If you are reporting the income from mining on Schedule C, then you can deduct expenses on Schedule C as well. You can deduct the portion of your electricity costs allocated to mining, and then you depreciate the cost of your mining rig over time (probably over five years). [Section 179](https://www.irs.gov/publications/p946#idm140672412370912) also allows for the full deduction of the cost of certain equipment in year 1, so you could choose to do that if you wanted to instead. + +&nbsp; + +**12. If I receive ETH or other cryptocurrency as a payment for my business, is this taxable?** + +Yes. Similar to mining, your income would be what the value of the coins you received was. This would also be your cost basis in the coins. + +&nbsp; + +**13. If I received Bitcoin Cash as a result of the hard fork on August 1, 2017, is this taxable?** + +Most likely yes. For example, if you owned 1 Bitcoin and received 1 Bitcoin Cash on August 1, 2017 as a result of the hard fork, your income would be the value of 1 Bitcoin Cash on that date. [Bitcoin.tax uses a value of $277.](https://bitcoin.tax/blog/how-to-tax-bitcoin-cash-bch/) This value would also be your cost basis in the position. Any other hard forks would probably be treated similarly. Airdrops may be treated similarly as well, in the IRS' view. + +Here are a couple more good articles about reporting the Bitcoin Cash fork as taxable ordinary income. The second one goes into depth and cites a US Supreme Court decision as precedent: [one](https://www.forbes.com/sites/tysoncross/2017/10/17/yes-the-bitcoin-hard-fork-really-is-taxable-income-heres-what-you-need-to-know/), [two](https://www.bitcointaxsolutions.com/yes-bitcoin-hardford-is-taxable-income-heres-why/) + +&nbsp; + +**14. If I use ETH, BTC, or other cryptocurrency to purchase goods or services, is this a taxable transaction?** + +Yes. It would be treated as selling your cryptocurrency for USD, and then using that USD to purchase those goods or services. This is because the IRS treats cryptocurrency as property and not currency. + +&nbsp; + +**15. Are cryptocurrencies subject to the wash sale rule?** + +Probably not. [Section 1091](https://www.law.cornell.edu/uscode/text/26/1091) only applies to stock or securities. Cryptocurrencies are not classified as stocks or securities. Therefore, you could sell your ETH at a loss, repurchase it immediately, and still realize this loss on your tax return, whereas you cannot do the same with a stock. [Please see this link for more information.](https://www.bitcointaxsolutions.com/bitcoin-wash-sales/) + +&nbsp; + +**16. What if I hold cryptocurrency on an exchange based outside of the US?** + +There are two separate foreign account reporting requirements: FBAR and FATCA. + +A FBAR must be filed if you held more than $10,000 on an exchange based outside of the US at any point during the tax year. + +A Form 8938 (FATCA) must be filed if you held more than $75,000 on an exchange based outside of the US at any point during the tax year, or more than $50,000 on the last day of the tax year. + +The penalties are severe for not filing these two forms if you are required to. Please see the second half of [this post](https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/cegm06s/) for more information on foreign account reporting. + +&nbsp; + +**17. What are the tax implications of gifting cryptocurrency?** + +Small gifts of cryptocurrency do not have a tax implication for the gift giver or for the recipient. The recipient would retain the gift giver's old cost basis, so it could be a good idea for the gift giver to provide records of the original cost basis to the recipient as well (or else the recipient would have to assume a cost basis of $0 if the recipient ever sells the cryptocurrency). + +Large gifts of cryptocurrency could start having gift and estate tax implications on the giver if the value exceeds more than $14,000 (in 2017) or $15,000 (in 2018) per year per recipient. + +[Here's a good article on Investopedia on this issue.](https://www.investopedia.com/university/definitive-bitcoin-tax-guide-dont-let-irs-snow-you/definitive-bitcoin-tax-guide-chapter-2-bitcoin-commerce-taxable-events-c-gifts-and-tips.asp) + +An important exception applies if the gift giver gives cryptocurrency that has a cost basis that is higher than the market value at the time of the gift. [Please see the middle of this post for more information on that.](https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/ceglzi1/) + +&nbsp; + +**18. Where can I learn even more about cryptocurrency taxation?** + +[Unchained Podcast: The Tax Rules That Have Crypto Users Aghast](http://unchainedpodcast.co/the-tax-rules-that-have-crypto-users-aghast) + +[IRS Notice 2014-21](https://www.irs.gov/pub/irs-drop/n-14-21.pdf) + +[Great reddit post from tax attorney Tyson Cross from 2014](https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/) + +&nbsp; + +**19. Are there any websites that you recommend in helping me with all of this?** + +Yes - I have used [bitcoin.tax](https://bitcoin.tax) and highly recommend it. You can import directly from an exchange to the website using API, and/or export a .csv/excel file from the exchange and import it into the website. The exchanges I successfully imported from were Coinbase, GDAX, Bittrex, and Binance. The result is a .csv or other file that you can import into your tax software. + +I have also heard good things about [cointracking.info](https://cointracking.info/) but have not personally used it myself. + +&nbsp; + +**20. Taxation is theft!** + +I can't help you there. + +&nbsp; + +--- + +&nbsp; + +That is the summary I have for now. There have been a lot of excellent cryptocurrency tax guides on reddit, such as [this one](https://www.reddit.com/r/Bitcoin/comments/1uccfz/i_am_a_tax_attorney_here_are_my_answers_to_the/), + [this one](https://www.reddit.com/r/litecoin/comments/7j4zri/lets_clear_this_up_taxes_on_crypto/), and [this one](https://www.reddit.com/r/CryptoCurrency/comments/73q3kf/clearing_up_misconceptions_about_cryptocurrency/), but I wanted to post my short summary guide on r/ethtrader which hopefully answers some of the questions you all may have about US taxation of ETH and other cryptocurrencies. Please let me know if you have any more questions, and I’d be happy to answer them to the best of my ability. Thank you! + +**Regarding edits:** I have made many edits to my post since I originally posted it. Please refresh to see the latest edits to my guide. Thank you. + +&nbsp; + +--- + + +**Disclaimer:** + + + +The information contained within this post is provided for informational purposes only and is not intended to substitute for obtaining tax, accounting, or financial advice from a professional. + +Any U.S. federal tax advice contained in this post is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law. + +Presentation of the information via the Internet is not intended to create, and receipt does not constitute, an advisor-client relationship. Internet users are advised not to act upon this information without seeking the service of a tax professional. +Over the last month I've been working on a tool to scrape, store and analyze posts. You can check the code [here](https://github.com/GonVas/tickerrain). + +It works by using three processes, one to asynchronous get posts from different subreddits (you can specify them in a txt file) and stores them in a Redis DB. +Another process uses Pandas to conduct the analysis of the posts, it does sentimental analysis (done using Spacy, more specifically VADER), counts the total mentions and also the score of the posts. + +Finally the web server is another process, using Flask, that displays the results. It shows the latest post being processed, showing its entities, tickers and sentiment. Its really simple and the design is basic. Then at the end of the page it shows three graphs of the most mentioned stocks, with one for the latest day, another for 3 days and finally for a week. + +&#x200B; + +[Heres a preview ](https://preview.redd.it/wwrrhkcjuxg61.png?width=1428&format=png&auto=webp&s=72385c85e864da8194a7b936c6d85847216ea7e9) + +I also spun up a digital ocean instance to host it and used a free domain [http://tickerrain.tk/](http://tickerrain.tk/) (hope it doesn't crash) + +Tell me want you think and if you want more features (I have some planned). + + I know that programs about analyzing reddit posts are common, but they are either closed source or very basic, lacking interfaces or DBs, plus I thought about showing the process being done. + +You are free to do whatever you want with this, fork it, use it for your own strategies or anything. + +(I also know that the code isn't that great or optimized and that Redis isn't the best choice) +Super hypothetical. But if, like Britain, everyone is very far removed from manufacturing and agriculture. Where we have huge chains of supermarkets like Tesco or Sainsbury's (Walmart I guess would be US equivalent). + +Would we benefit from a move to a country with lots of small self sufficient industries. So you buy your clothes from a few of the town's main manufacturers. Your food is locally sourced from local farms. Most of the high street is small, private, independent shops. + +I appreciate that not everything can be produced locally. But if we were to move back more in that direction. As some town's still do (e.g. Totnes in Devonshire). + +Is there a name for this economic theory of decentralisation? Do you think this would be a net positive or detriment? +Finished the first half of the year strong, with most of my Tech stock regaining value and receiving a record personal high of $346.22 in dividends! I've received $1142.45 so far in 2021. + +A little about me. I've been a long time growth investor, but switched my focus to dividends in 11/2019. I did not sell any of my growth investments and just poured new money into building positions that paid dividends, especially into REITS. Took a break from dividends investing around 12/2020 and poured money into Tech stocks. But in March of 2021, as Tech started losing steam, decided to focus on dividends again. + +**---** + +I have multiple brokage accounts and here are just some of the largest dividends that I received in June. QYLD (Global X NASDAQ 100 Covered Call ETF) & RYLD (Global X Russell 2000 Covered Call ETF) paid out dividends twice. + +**---** + +M1 Total value: \~$27K + +June total dividends: $111.55 + +* The largest dividends came from **QYLD** : $33.76 + $31.32 = $65.08 +* 2nd largest came from **O** (Realty Income) : $8.47 + +**---** + +Fidelity (Rollover IRA + HSA) Total value: \~30K + +June total dividends: $62.53 + +* Largest dividends came from **IVV** (iShares Core S&P 500 ETF) : $7.17 +* 2nd largest came from **QYLD** : $6.83 + $6.06 = $12.89 + +**---** + +Ally (Roth IRA) Total value: \~$32K + +June total dividends: $83.75 + +* The largest dividends came from **RYLD** : $11.41 +$11.48 = $22.89 +* 2nd largest came from **PFE** (Pfizer) : $21.12 + +**---** + +Robinhood Total value: \~$16K + +June total dividends: $32.71 + +* The largest dividends came from **NUSI** (Nationwide Risk-Managed Income ETF) : $19.16 +* 2nd largest came from **VYMI** (Vanguard Internatl High Div Yield Index Fund ETF) : $5.02 + +**---** + +July's goal is to add more shares of O and NUSI. Currently have 69.75 shares of O, and 107.05 shares of NUSI. Would like to have 75 shares of O, and 150 shares of NUSI. + +**BST** (BlackRock Science and Technology Trust), **BSTZ** (BlackRock Science and Technology Trust II), and **PCF** (High Income Securities Fund) are also positions I am building up. They are also monthly payers. + +I know some of you hate this kind of post about announcing “I received $x.xx in dividends”, but I wanted to share my progress, provide some motivation, and give ideas for potential investments. +Buying a new property. 1 month into the process, I realize my real estate agent and mortgage broker that he referred me to, have pegged me as a real estate dummy and are working in collusion to extract maximum cash out of me with scam overpriced properties made by their developer friends. + +This is after I treated my real estate agent well and treated him to a $500+ dinner on our first day of showings. This actually makes me extremely angry that my real estate agent and broker is trying to scam me this hard after I've treated them with nothing but kindness. + +It just breaks my heart that you can treat people so well and give them the benefit of the doubt, and they just view you as a pile of money, and try to scam the maximum out of you. Short-term minded people. I'm relatively young, but I feel like I'm going to have to experience much more of this throughout my life unless I adopt the proper screening mechanisms for my service providers. + +How do you guys filter out the leech service providers out of your life who don't have your best interests at heart? +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I know some people inherit multi-millions when they are 25 years old, but they are the exception. For most it seems it was a business venture or tech job or consistent saving and investing. I'm trying to get a feel for how many people actively set out to be FAT when they were 25 and then successfully achieved it. Or how many thought they were just going to be well off because of their field, but then an incredible opportunity thrust you into FATness. + i understand that due to sanctions they cant use or convert euros but they are valuable elsewhere meanwhile they can print rubles whats the point asking for payment in euros? +Pretty much as the title says. It's mostly my mother who seems all hurt when I pointed out that me being able to financially take care of them is the same chances as a snowballs in hell. I can *reasonably* take care of myself, but money is tight and I budget like a champ. I *can't* take care of them. The thing that really had me rolling my eyes was the expectation that she would be taken care of like her siblings (not her) took care of my grandmother... My grandmother who at the age of 96 died with 350K in her retirement account. Where as my mother has zero money in any form of retirement and never completed high school/GED. + +So anyone else have parent's who expected their children to pull them out of poverty? Are you attempting to frugal/poverty budget in some money for them? I personally garden and can help out with food but as for any extra cash I'm pretty much pulling up empty pockets. +The truth is, nobody knows - especially those who are short Gamestop. It has never happened before in the history of the stock market. + +What we *do* know, however, is that if the entire free float is directly registered and people still have shares in their brokerage accounts, there will be **irrefutable proof** of egregious naked short selling that has resulted in more shares existing than were legally issued by the company. + +This is what scares them - Gamestop shareholders are on a path to proving, once and for all, that the ‘cOnSpIrAcY tHeOrIeS’ are really conspiracy facts. + +The reason I felt compelled to write this is that there has been a noticeable uptick recently in the sentiment (organic or otherwise - I expect not) that DRS isn’t doing anything because, although we are DRSing, the price is still going down. + +This is a red herring - we know that liquidity can be created by market makers through naked short selling and various other fuckery in the derivatives markets, and they will continue to create that artificial liquidity in order to drive the price down right up until Gamestop confirms that the number of shares directly registered is equal to the free float. + +After that, all hell breaks loose. + +Let’s fuck around and find out. + +**Buy. Hold. DRS.** + +Edit: Yes, I’m aware of Robert Simpson, and as far as I’m aware he purchased the entire float of Global Links *through a broker*, in 2005, out of the wider public eye, and without a year’s worth of prior press on the company in question. + +Plus, the only source I’ve been able to find linking that case in any way to DRS is one single huffpost article claiming that he ‘kept the shares in his sock drawer’ - which, given the fact the float was 1,158,064, seems wildly implausible. Every other source I’ve found states that he purchased *via a broker*, and his shares were delivered *into his brokerage account* the next day. + +Funny how insistent some people are that DRSing the whole float is pointless, despite the fact that the board of Gamestop took the almost unprecedented step of publishing the number of Directly Registered shares in their last quarterly report… +Hi, I am from India. I am totally new in Economics (have just started studying high school Economics). Recently I came across an article from Economic Times that says America owes India more than a hundred billion dollars. + +Source: [https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cms?from=mdr](https://economictimes.indiatimes.com/news/economy/indicators/us-owes-india-usd-216-billion-as-american-debt-soars-to-usd-29-trillion-lawmaker/articleshow/81240956.cms?from=mdr) + +This is a huge surprise to me as all my life I have heard that my country is economically poorer and weak and it survives only by borrowing money from western countries. Why would a superpower and rich country like USA need to borrow anything from a much poorer country like India? How does this work? Why is USA borrowing that money and what for? +I saw that 1979, inflation was 11.35% and in 1980, it was 13.5%. If the federal reserve’s target rate is 2%, how did they allow the inflation to get so out of control? +Sup you degenerate fuckwits, [I'm back](https://www.youtube.com/watch?v=UimodeZfA9o) with another newb post. This one will be a bit of a mix and I am literally banging it out before work so apologies for the rushed nature and my 3rd grade reading level. + +So as per request someone asked me to do a post about emotions and trading. I will be honest with you all this is an area i **FUCKING SUCK** at i let my emotions get the better of me all the time. When i make money i am high as a kite and when i lose money I am depressed and sullen and grumpy as fuck. + +So how do you deal with this? You can either set yourself some rules to follow, in fact i recommend you do this anyway as if you are just trading blind and flopping your limp dick around the market someone is likely to step on it. I have some rules i set myself that I do my best to follow. I wont go through them all but the basics are such. + +1. **Dont invest in something you know nothing about. Look into the company before you put money in. Not after.** Now this is something i havnt always done sometimes i have made some money but more often then not i have gotten burnt. This helps stop that FOMO because i am less likely to jump on something that is rocketing if i have to read through its last report. + +2. **Free carry at 100%.** This is a personal rule that wont apply to everyone's investing style but I am trying to grow my portfolio and if i have free shares then i can sit on them without the psychological weight of my money tied up in them as well. I could expand more on this I really could but I'll just say i have *generally* regretted not free caryying at 100% more then I have regretted holding all my shares past 100% (VUL being the once in a lifetime exception... man $28000 from $1000 would have been fucking sweet.) + +3. **If you have just had a big win dont throw your money back in the market. Step back and wait.** I actually got this one from a 1000 year old book about investing written by a rice farmer. But it still holds true today. When you make a great trade or you have made a shit tonne of money very quickly, you wont be thinking right. Some of my biggest losses have come right after my biggest wins. After VUL and BPH went nuts i doubled and tripled down on RLT thinking it was going to do 10 bags. Instead I turned a possible free carry into a loss. + +4. **It is normal to feel a rush but dont get addicted to it. Remember how you feel when you have a loss and try to think about that to off set FOMO** There are a lot of things you can do to try to stop FOMO. The one that helps me most is remember how shit it feels to lose money. Find one that works for you. Dont get caught up in hype. + +Just on a side note I havnt been as active lately but I have noticed a shift in the feel of the sub. The mods have done an excellent job of keeping the obvious pumps down and clearing up the spam. However the 10 top most mentioned stocks seems to have fucked the sub. When that was 1st posted the top 10 stocks mentioned were the ones getting discussed the most with interesting information getting shared back and forth. Now the top 10 mentions are the ones with the most people spamming them for instance [We LKE the stock](https://www.reddit.com/r/ASX_Bets/comments/lpjav4/we_lke_the_stock_we_lke_the_stock_we_lke_the_stock/) This is a great meme but then the comments have people literally just saying we LKE the stock. That is a bunch of mentions that havnt added anything to the discussion. + +The change in the daily threads have made it so half the comments are just the ticker and that means without much effort you can get any ticker to the top 10. + +I would suggest that if you are new not to invest in any stock you see getting mentioned again and again with no real information. But that goes all the way back to "Dont take advice from internet randos" and i doubt many of you ever took that seriously. + +[Newb traps](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) + +[Newb trabs 2](https://www.reddit.com/r/ASX_Bets/comments/kyve7b/newb_traps_revisited_dont_trust_internet_randos/) + +[3](https://www.reddit.com/r/ASX_Bets/comments/l6elep/some_more_tips_for_the_newbies/) + +[4](https://www.reddit.com/r/ASX_Bets/comments/l8w138/what_is_bbozbbus_why_should_you_care_welcome_new/) +I started my first job around a year back and have some savings in the bank of around 2-3 lacs. +I'm looking to start investing in MF's or anything that gives good returns. + +My parents want to make an FD, but I think I should also diversify and that other places might offer better returns. + +I keep seeing comments on this subreddit that new investors should wait for a market correction before starting their MF journey. How true is this and can someone explain more to me? +I know we’re all feeling it, whether anyone wants to admit it or not. We all see what’s going on with GME, and think it’s easy money. As hard as it is to stay away, the truth is, GME could go to $200 or $15. We really don’t know. So if you really want to get in, sell CSP’s or CC’s. DO NOT FUCKING SELL NAKED OPTIONS. DO NOT BUY FD’s. The point of ThetaGang is to choose the size of your steamroller. This is a perfect example of why you need to control your emotions, and stick to the plan. If you sold CC’s, take your profits and move onto the next play. There will always be another opportunity. Good luck everyone, this week will be interesting. + +Edit: here is the [definition of FD](https://youtu.be/dQw4w9WgXcQ) for all those that wanted to know +Given the information you have today, if you have to select 5 companies to hold for 10 years without looking at it, which companies will you pick? + +PS. I am well aware that you can always change your mind, correct your mistake as new information comes in, but this hypothetical question is quite useful for brining out the most conviction stocks we have, so I always like to ask people this +I spend $3100 per month (on average). But in Jan-March, I spent $3900 per month. Yikes. Some of the spending was out of my control, some of it was impulsive (don’t be mad at me, Dave Ramsey!) + +Overspending by $2500 is normally bad, mmk. + +But the power of **paying myself first** saved my butt. + +401k – automatic. + +Roth – automatic + +HSA – automatic + +Savings – automatic + +Every month, I put away $2K+ without ever seeing it. + +So even though I overspent by $800 each month, I still made progress during those months. + +All because I pay myself first. + +Just a quick anecdote that might inspire you to pay yourself first and provide that all-important safety net. + + +Within the first week alone, Saturna touched a $110 Million market cap, and is about to reach 50,000 holders. With the absolute record setting growth for a new BSC token, Saturna is going to make sure it becomes one of the most known BSC tokens within this bullrun. + +Within the past week, Saturna has been blasted all over social media, being partnered with Twitter, Tiktok, and Instagram influencers all with followers ranging from the hundreds of thousands to the millions. The marketing campaign so far has been absolutely insane, and as the coin continues to grow, we have the power to attract larger and larger people (some of which are already in the talks right now). + +The AMA the Saturna team had yesterday proved to be a success as the price increased due to the hype generated. The FUD has been dispelled, the team has been completely open as to what the tokens' next moves are, and the rocket is actually taking off. + +Website - [https://saturna.co/](https://saturna.co/) + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) +&#x200B; + +https://preview.redd.it/qpuzuprmcyq71.jpg?width=700&format=pjpg&auto=webp&s=376d1d7b6fc1fc6e264a24cce0b2930d03e17b6f + +*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/77cbcbfscyq71.png?width=2500&format=png&auto=webp&s=4a23d0c3847d2eb92524df70a82f2e7abf15910e + +Fortescue Metals Group is an Australian iron ore miner that was founded in 2003 by Andrew “Twiggy” Forrest. In its relatively short history, it has grown to become the 4th largest iron ore producer in the world. + +[from FY21 Annual Report presentation](https://preview.redd.it/qtnqu9btcyq71.png?width=2400&format=png&auto=webp&s=454602e2fe8685c5193e62fefbcac821813234a2) + +Based out of Perth its operations are in the Pilbara region of Western Australia. There it owns mining tenements that span 87 thousand square kms. In addition to the mines, Fortescue owns and operates its own private railways, port facilities, and cargo ships, which it uses to export iron ore to its trading company in Shanghai, China. Its vertical integration makes Fortescue is one of the most efficiently costed iron ore producers in the world. + +# The Checklist + +* Net Profit: positive 10 of last 10 years. Good ✅ +* Outstanding Shares: very stable L10Y. Good ✅ +* Revenue, Profit, & Equity: rev/profit cyclical, volumes & equity increasing L10Y. Good ✅ +* Insider Ownership: 49.3% w/ on market buying LY, major sell by CEO LM. Good\* ✅ +* Debt / Equity: 24% w/ Current Ratio of 2.3x. Good ✅ +* ROE: 27% Avg L10Y w/ 58% FY20. Good ✅ +* Dividend: 5.3% 10Y Avg Yield w/ 24.1% FY20. Good ✅ +* BPS $7.66 (1.9x P/B) w/ NTA $6.32 (2.3x P/NTA). Good ✅ +* 10Y Avg: SPS $4.25 (3.5x P/S), EPS $1.19 (12.4x P/E). Neutral ⚪ +* Growth: +21.7% Avg Revenue Growth L10Y w/ 58.8% FY20. Good ✅ + +**Fair Value: $16.34** + +**Target Buy: $13.52** + +\* I’ve opted to consider the insider ownership overall as a positive. Insiders owning such a large portion of a \~50billion dollar company is fairly uncommon. Andrew Forrest alone owns over 1.1billion of the roughly 3.1billion shares on offer. Though, it is important to note that the CEO, Elizabeth Gaines, sold about 11 million worth of her shares in Sept this year. That was nearly all of her direct holdings (about 85%). + +# The Knife + +[marketindex.com.au](https://preview.redd.it/zpi05w08dyq71.png?width=2587&format=png&auto=webp&s=ed5cde0df024e21c1cda425868cc85ebcf2509ad) + +Overall, the 10 year chart doesn’t look too bad. Though, that should not take away from the harsh and dramatic fall of the FMG shares since the end of July. FMG had just months prior in January of this year achieved a price over $26. It held above $20 for the most part in the 6months that followed, just cracking above its all-time high again when it reached $26.63 in July. But almost immediately following, FMG went into free-fall, reaching $14.15 by the middle of Sept, only 6 weeks later. + +At the close of Friday, the 1st of October @ $14.57, those that had bought FMG at its all time high, not much more than a month prior, would have lost nearly half of their investment capital. This dramatic fall is soothed only slightly by the historic $2.11 fully franked dividend paid at the end of Sept. However, the question is very real whether the descent of FMG’s shares will continue. + +# The Diagnosis + +The short answer: Iron ore price r fuk. + +The long answer: As a cyclical business, there is no denying that FMG is closely linked to its sole product. Though, there is a little bit more nuance to this story, revolving around the destination of its goods. But before that, let’s look at the first half of this equation. + +[FMG vs Iron Ore futures](https://preview.redd.it/0szop6bcdyq71.png?width=2586&format=png&auto=webp&s=197f270437aea79d4cabb50e0c6734e09801a54a) + +The 5 year chart above illustrates the point well. When iron ore was lingering around $50-70USD/t for 62% Fe in 2017 and 2018, FMG was a solid and profitable $4 stock. When the iron ore price picked up in 2019 and launched to $120USD/t sitting before retracing in the range around $80-120, FMG became a solid $9 stock. When iron ore rocketed in the middle of 2020, reaching an all-time high of $229USD/t in May of 2021… well, you know the story. + +&#x200B; + +[Dogestonk or dogstonk?](https://preview.redd.it/yspe9o9kdyq71.png?width=1900&format=png&auto=webp&s=3b82d77fb977c9c3d9a30c7701b486089b6671b2) + +FMG rises and falls at the whim of the commodities markets. As is the nature of mining stocks, fixed costs become smaller in relation to the extra revenue generated from commodity price increases, so the upside for reaching an all-time high in the spot market benefits the miners of that commodity multi-fold. + +&#x200B; + +https://preview.redd.it/iavbnkimdyq71.png?width=2810&format=png&auto=webp&s=b0707034e95191fd1f1a12806c18a1296b495100 + +One thing that is important to note with FMG in particular, is that the average grade that they produce is only 58% Fe on average. This leads to its product to being discounted to the spot price. This discount tends to widen as a percentage of the benchmark as the benchmark spot price declines, and tighten as it increases. Naturally, if 62% Fe or higher grades are more affordable producers are willing to pay the premium, which drops demand for the lower grades. While this magnifies the benefits that FMG receives when times are good, it’s exacerbates the lows when there is a lull in the market. + +Now that iron ore has dropped to the current price of roughly $110USD/t at the end of Sept, one would naturally expect for FMG to follow, and presumably down to price levels that it held in the past at similar iron ore prices. In the last 15 years, the average price of the benchmark 62% Fe has been roughly $100. So it would seem maybe that there a bit more downside to come? + +# The Outlook + +I’m not a commodities market wizard, so I’m not really in the prediction game here. However, I can say that there are some developments in the last few weeks that would appear to have significantly contributed to the decline or iron ore, and perhaps points to there being even more downside than an extra $10USD/t. Those developments revolves around the worlds biggest buyer of iron ore: China. + +&#x200B; + +[Figures from OEC.world](https://preview.redd.it/yzksbblpdyq71.png?width=2200&format=png&auto=webp&s=d1e1436e44e7d8f5973c81e4b40a279faa844957) + +Among net importer of the product, China represents 2/3rds of the total demand. It’s hard to understate how substantial their market presence is for this product. When China sneezes, iron ore producers get a cold. By contrast, in the coal market China is only the 3rd largest importer, with less than a 1/5th of the total demand (18%). When China banned Australian coal, it only phased the market temporarily. + +&#x200B; + +https://preview.redd.it/p4b5hcpudyq71.png?width=1500&format=png&auto=webp&s=0399e5da98d32732c8a6133921d3018763a9539d + +By contrast, with China only dialling back steel production, they crashed the iron ore market price by nearly half. Chinese steel producers earlier in the year were ordered by government to cut their production 25%-50%. Iron ore went from selling in a range of $210-220, near its all-time high for months, to falling to $90-120 in the span of weeks. + +&#x200B; + +[Who's next?](https://preview.redd.it/s5gcstkyhyq71.png?width=1500&format=png&auto=webp&s=4c99fe83c9d14b756005fead20622b008d431be4) + +There’s been a long chain of Australian exports that have seen their markets disrupted to one degree or another by the shifts in China’s policies regarding their importation. And it is no secret at this point that China has a made a point to single out Australia. However, with Australia contributing to over half of the iron ore exports in the world, the trading ties between the two countries on this commodity are a bit deeper and harder to overtly address. + +The two countries are quite truely interlinked by iron ore. That being said, 80% of Australia’s exports of iron ore are to China, while only 60% of China’s imports of iron ore are from Australia. Who has the most leverage in this situation? + +# The Verdict + +One thing that Australia, and by extension FMG, has going for it on this front is that the Chinese economy is quite heavily focused on their construction market. This has been the primary factor contributing for all this demand for iron ore. It has been fueling China's steel industry, that has been booming since 2005, supplying the product into their growing construction market. + +&#x200B; + +https://preview.redd.it/2n0s3e51eyq71.png?width=4000&format=png&auto=webp&s=f3f09648d60f3b48917d53f5388a05c51fe42dc8 + +Indeed, one can see a long relationship between Australia and China for the last 20 odd years; China’s imports almost mirror Australia’s exports. It should be no surprise that the ramp up in demand for iron has followed the ramp up in the construction market over that period. + +&#x200B; + +[40 Year Iron Ore Price History](https://preview.redd.it/clq8xze4eyq71.png?width=2400&format=png&auto=webp&s=9612174366c90bc6e77a1fa4d5639549942d6e81) + +As an aside, and perhaps also not surprisingly, the profitability of iron ore producers has shown dramatic upside in recent years. It would appear to be due to the enormous demand that the Chinese construction economy has put onto the market. Even adjusted for inflation, iron ore never broke above $50USD/t in 25+ years prior to China ramping up their building efforts. If anything, the hard times for producers like FMG in 2016, were just a reversion to the mean, and indeed an inflated mean at that. The average 40year price sits at around $55USD/t because of the huge spikes in 2008, 2011, and now in 2021. + +With Australia as the largest producer in the world by far, they have a lot to lose from this market toppling. But should China want to boycott Australia, their own economy will suffer the consequences too. + +**Sovereign Risk** + +Though, at this point, it seems quite relevant to consider the idea of sovereign risk. FMG especially, as they are even more heavily exposed to Chinese demand that even Australia is, with about 95% of their sales routed through their Shanghai based FMG Trading Co. + +&#x200B; + +https://preview.redd.it/kuj2ikwfeyq71.png?width=800&format=png&auto=webp&s=0827b0c0a5422401d336709bd936d0c63217f7bf + +Some enlightening work by u/Mutated_Cunt, u/mcfucking, u/Triog0n, and others in last weekend’s pinned discussion sheds a lot of light on the precarious situation. [Evergrande-Gate. Is there a Bear in there? What happens when big kids take over the Sand-Pit?](https://www.reddit.com/r/ASX_Bets/comments/puujva/evergrandegate_is_there_a_bear_in_there_what/) + +^((The commenters there have said it better than I ever could, so I would recommend checking it out of you haven’t already.)) + +&#x200B; + +[Ghost Cities of China](https://preview.redd.it/viingr2meyq71.png?width=900&format=png&auto=webp&s=8a018c1d21293381c2ca06c9e65ab71b028d6a1e) + +I highlight in particular the point raised by our benevolent mod, that China might actually welcome a crash in their construction markets. With housing prices there being seen by the government as far too high, they may see a collapse of the industry as a justifiable means to the end of reducing those costs and perhaps cleaning up the industry a bit. + +&#x200B; + +[You underestimate my power!](https://preview.redd.it/mz41q2eneyq71.png?width=1500&format=png&auto=webp&s=1677851ccb6e4e827a3ed6076b558dda36239d5e) + +Such a prospect doesn’t exactly bode well for the price of iron, Australia's economy, or FMG’s profitability in the future. + +# The Target + +With all that being said, it remains to be seen what FMG is really worth, especially with the prospects of iron ore now sitting in around $90-120USD/t or lower in the medium term. For this, I think there are a few ways to go about it. + +**Historical L10Y Adjusted** + +To start with, let’s have a look at the last 10 years for FMG. In that time, we see the end of one mining boom (FY12) and the peak of another (FY21). + +&#x200B; + +[Figures in AUD](https://preview.redd.it/p2yvswereyq71.png?width=2301&format=png&auto=webp&s=a79c2c1595be3b1009ded741602f427f27841668) + +One thing that is somewhat difficult to account for at first is the fact that during this time frame, FMG has been expanding their production capabilities. They went from shipping 57.5mt of iron ore in FY12 to 182.2mt in FY21. To adjust for that that, I’ve noted their tonnage and their revenue by tonnage shipped. This allows us to find an adjusted “average,” by using the expected FY22 shipping outlook along with the average revenue by tonnage. + +It’s worth noting that the effective average price that FMG achieved of $91.5AUD/t in this time period was (using a currency conversion rate of 70cents) roughly $64USD/t. + +Using this adjusted average, I can generate the below revised 10 year fair and target pricing. + +**Fair Price (R10Y) – $14.91** + +**Target Buy (R10Y) – $13.20** + +This pricing isn’t too bad as a first pass, considering there’s a fair bit of further downside built into the expected iron ore price. + +**Technical Price Levels** + +A second way to go about this is to look at the last 3 years of price action. FMG’s production levels haven’t changed dramatically in this time, and we have a few substantial periods in which the iron ore price held a fairly consistent price level. + +&#x200B; + +https://preview.redd.it/5a6g2ceteyq71.png?width=2584&format=png&auto=webp&s=c9bb40553e90413f452b15acf8c794ff9b8dc281 + +For most of 2019, the iron ore price floated in the $90 range. In that time, FMG traded in a range between $6 and 12 dollars. I expect the uptrend in the stock was owing to the fact that there was also an uptrend in the commodity, having come from a much lower base in the years prior. + +Similarly, in 2020 a few months between between April to Nov, iron ore established a new price level of around $120USD/t. At that point, FMG traded in a range between $14 and $20, and for much of that period it sat solidly at the $17 price level. With iron ore dipping to $90USD/t before bouncing back to $120USD/t and now sitting at $110USD/t, it makes sense than that FMG dropped back into this range, and looked as though it would dip further until iron bounced. + +Whether FMG is a good deal all depends on which direction one thinks that the iron ore price is likely to go. If you are bullish from here, then perhaps, trading in the lower end of the channel, they are slightly under-priced? If you are bearish, there is quite a bit more downside to go. + +**FY22 Earnings Projections** + +A third way to go about this is to dig into FMG’s financial reports and try to construct a model from which to estimate their earnings based on an expected iron ore price, and from that generate the per share figures to establish fair and target pricing. + +&#x200B; + +[Costs approximate to FY20 & FY21 levels. Initial figures in USD.](https://preview.redd.it/9l7ezqsveyq71.png?width=2500&format=png&auto=webp&s=9b86a287598aea7bccd0a928d63f9cf1e1cb08f9) + +The advantage to this is that we can see a good range of possibilities, and match them to historical levels. We can also establish where the breakeven point is for FMG, at which point they are no longer profitable. Luckily for badhodlers of this stock, the breakeven is quite low, as FMG is a very efficient producer with their vertical integration. + +The difficult part is accounting for the variable discount for 58% grade product. As mentioned earlier in this post, the discount as a % of the spot price for the benchmark 62% Fe grade become more substantial as the price falls. I’ve attempted to simulate this by allocating a spread which roughly aligns to historical market pricing spreads. + +As one can see, depending on how bullish or bearish one is, there is a very wide variety of potential fair and target prices. It is for the investor themselves to do their own research and determine what they are comfortable with, but I would note that should iron ore hit price levels similar to those in FY16, the downside to the current price of the stock is significant. This is based both on these projections and FMG’s historical trading price levels, which traded as low as $1.50 at that time. + +With the world in a precarious spot, macro economically, and the trading relationship between Australia and China deteriorating, that downside is quite real. + +**A note about FFI** + +It would be remiss of me to not mention Fortescue Future Industries (FFI). FMG have committed to contributing 10% of their NPAT going forward to the venture. FFI has been setup to explore lowering FMG’s operating emissions. More importantly (to the valuation), their mission is to develop technology to make FMG more profitable in the future, namely, by researching green methods of refining iron to a higher grade. + +The profitability picture in the above projections looks a hell of a lot better if FMG can offset the heavy discounts to lower grade product at lower prices. This ultimately could be a game changer for them. But this is all fairly speculative at this stage, so it does not necessarily figure in the hard figures right now. However, that could change should FFI come up with something promising. + +# The TL;DR + +Fortescue Metals Group is an Australian iron ore producer that is based in Perth and operates out of the Pilbara region of Western Australia. It’s a relatively young company, having been founded by Andrew "Twiggy" Forrest less than 20 years ago in 2003. Despite this, they have become the 4th largest iron ore producer in the world, with mining tenements larger than BHP and Rio Tinto. + +Fortescue is also one of the most cost efficient iron ore producers at that, with a vertically integrated company. They own and operate not only their mine sites, but also the railways, trains, port facilities, and even a fleet of iron ore carrier ships to bring it to market. It is no wonder then that Fortescue have been a very reliable and profitable company that have been able to so quickly expand. With their Futures Industries division, they may yet notch a ground breaking R&D mineral sciences company to their bow string. + +Fortescue’s fortunes heavily follow the fate of the iron ore commodity market, and as a result their fate is tied to the Chinese economy. Ineed, 95% of their revenue comes from sales through their Shanghai based trading company. Therefore, Fortescue are at the whim ongoing trading relationship or lack thereof between Australia and CHina. And so it would seem they also have heavy exposure to the domestic policies of the Chinese government with regards to their construction industry. + +As a result, we’ve seen Fortescue tank after iron ore came off the boil, even after only recently this year achieving new all-time highs. Where the share price goes from here would take a predictive mind that is beyond my own capabilities. I think overall Fortescue is a good company, but whether or not they have a willing customer is perhaps the ultimate question. And with the downside of this stock approaching 90%, working off historical levels only 4-5 years prior, and the economics of China and the world walking a tightrope, one must have a lot courage to buy them at this stage. At least, in my humble opinion. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on FMG* *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.* + +*On Deck Next Fortnight: URW/SCG* + +*Currently on the Watchlist (no particular order): CGF, IPL, Z1P, RFG, AZJ, FLT, QAN, CWN, FNP, RRL.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +About a month ago I posted an [analysis of a deal](https://www.reddit.com/r/realestateinvesting/comments/g7kqrj/sellers_are_still_crazy/) that a broker sent me, and I promised to do a break down of my current park. And since I'm putting together a refinance package I figured I'd go ahead and do it now. + +Because I know I'll get DM's I'll start by telling you the story. And at the bottom you'll see the math. + +***My Story:*** In 2012 I started buying 4plexes in Vegas, and LEAN FI/REd at the age of 35, living off of 3k/mo. I realized it wasn't the life that I wanted and became determined to be FAT FI/REd ($10M NW, 300k/yr) I wrongly sold my units and more than doubled my initial investment of 100k. I falsely believed the parroted words that getting into commerical was easier, no job, no assets, no credit no problem. Well that turned out to be a lie, and after being denied the third time by bank on personal NW/Income requirements for 50+ unit multifamily, I pivoted my investing to Lending to flippers, and did some flips myself, a Non-Perform-Note or two, a wholesale or two, but knew since I loved the business model that I wanted to get into MHP. + +**How I Found this Park:** I was at a Networking event when a newbie came in and they had a mobile home park under contract and wanted to figure out how to put a syndication together. I asked him how much his park was selling for, and he said $750k! I explained to him you only need about 25% of the purchase price (187,500) to purchase, and you don't need to syndicate, you just need to know someone who has that kind of cash. So I invited him to lunch. We evaluated the deal, and it was actually a terrible deal. But a partnership was born. So I gave him the metrics we would be looking for. + +1. 30%+ COC +2. must be able to double the value with In-Fill, Sale of Park Owned Homes, Filling Vacancies, Or addition of other income. I do not want to be an investor who rolls in, raises rent $100/mo and calls that a success. +3. 100+ Pad Site (to support Full Time Employees) + +For 18 Months we looked at 5 deals a week, sent 1 Letter of Intent to Purchase a month, and Went under contract once a quarter. Of the other 5 deals we looked at there either were massive CapEx expenses, faults with advertised rents, or Waste Treatment systems that need repair beyond 50% of the purchase of the park. + +And then one day, he downloaded this OM into the dropbox, and I happened to be sitting at my computer, looked at the OM. 16.5 Cap, 750k purchase price, 150 Park Owned Homes, 24% vacancy. We immediately sent a Letter of Intent (30 minutes later) + +**How We Closed and Why We Got a Deal:** During due diligence we found that the demographics of the park did not match the cities demographics, and the 80 year old Property Manager, had lived in the community since it was built. There has been years of embezzlement from the previous property manager, and the owners were using this park for parts for their other parks. They wanted to get rid of it and improve their other parks (which also are larger parks). + +We secured a 165k Seller Second, and have a Hard Money Loan of 460k, and I brought 165k to the table. Our Hard Money Lender gave us a 90k Line of credit to do rehab. We closed in October of 2019. + +I own 80% of the equity, my Acquisition Partner brought no cash, and has a 10% equity stake, the Managment Partner brought no cash and has a 10% equity stake. + +**Details of the Park at Purchase** + +|PP: 750,000|Cap Rate: 16.50|Economic Occ: 26.6| +|:-|:-|:-| +|Average Rent: $315|Total Sites: 188|Empty Lots: 28| +|Occupied Units: 45||| + +Financials: + +|Rent:|$710,279|| +|:-|:-|:-| +|Vacancy:|$529,000 (This Was Wrong at PP)|Actual: $532,980| +|GSI:|$266,581|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$12,000|| +|Repairs & Maint|$22,175|| +|Landscaping|$770|| +|Administrative|$2,913|| +|Water & Sewer|$51,722|| +|Electric|$44,712|| +|Trash|$4,347|| +|Telephone/Internet|$3,158|| +|Insurance|$5,640|| +|Tax|$18,579|| +|Expenses:|$166,016|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|NOI|$100,565|| + +**How does a Cap Rate, at Refinance actually work?** Commercial real estate is valued by the capitalization of income. Which means whatever the Cap Rate that the property is judged to be at the income is divided by the percentage to increase the value of the property. So If I raise rent on the 45 existing units by $10 month and make no other changes $10 \* 45 \* 12 = $5,400 then we apply the 16.5% Rate ($5,400 / .165 = $32,727) Increase in the value of the park. But what if I sold and leased another home ($350 x 12) / .165 = 25,454. Each home I sell and lease the lot to adds $25k to the value of my park. And I've got about 110 vacant homes that came with the purchase of the park. 120 \* 25k = $3,000,000 + +**More Cap Information:** So I purchased at a 16.5 cap. A 2-3 star park in the area of 150+ units or more with a vacancy rate of 5% trades at a 5cap. So I did some math .165 - .05 = .115 (Cap Rate Delta).115 (cap rate delta) \* 120 units Each home I sell reduces my cap rate by .00096 + +**Details of the Park At End of May:** + +&#x200B; + +|Value:|Cap Rate:|Economic Occ: 38.75| +|:-|:-|:-| +|Average Rent: $325|Total Sites: 188|Empty Lots: 28| +|Occupied Units: 62||| + +Trailing 7 Month Financials: + +&#x200B; + +|Rent:|$138,323|| +|:-|:-|:-| +|Vacancy:|$0|| +|GSI:|$138,323|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$30,784|| +|Repairs & Maint|$3,510|| +|Landscaping|0|| +|Administrative|$11,558|| +|Utilities|$39,804|| +|||| +|||| +|||| +|Insurance|$1,898|| +|Tax|$1,467|| +|Expenses:|$89,021|| +|\--------------------------------|\--------------------------------|\--------------------------------| +|NOI|$37,758|| + +Notes: + +* We don't record gross rents on a PNL statement +* I've rolled W/S/G and Trash into Utilities +* And Telephone into Administrative +* We haven't recorded the Winter Property Tax Bill of \~$15k + +Side By Side Comparison: + +|Rent:|$710,279|3900 \* 188 = $733,200|\+ $23,000| +|:-|:-|:-|:-| +|Vacancy:|$532,980|3900 \* 126 = $491,400|\- $37,600| +|GSI:|$177,299|$241,800|\+$64,501| +|\--------------------------------|\--------------------------------|\--------------------------------|\--------------------------------| +|Wages:|$12,000|$30,784|\+18,784| +|Repairs & Maint|$22,175|$3,510|\-18,665 (They had Wages in R&M)| +|Landscaping|$770|$0|\-770 (we fixed the plow)| +|Administrative|$2,913|$11,558|\+5,487| +|Telephone/Internet|$3,158|<--- We rolled this up \^|| +|Water & Sewer|$51,722|$15,807|\-$35,915 (Remember how I said there was theft?)| +|Electric|$44,712|$23,995|\-$25,064| +|Trash|$4,347|<--- We rolled this up \^|| +|Insurance|$5,640|$1,898|$-3742 (they had other properties Insurance paid through this llc)| +|Tax|$18,579|$1,467|\-$17,112| +|Expenses:|$166,016|$89,019|| +|\--------------------------------|\--------------------------------|\--------------------------------|| +|Trailing 6Mo Annualized|x2 + 15000 Taxes|175,104 + 18,579|| +|||$193,683|| +|\--------------------------------|\--------------------------------|\--------------------------------|| +|NOI|$100,565|$48,117|| + +**WAGES:** + +When we annualize wages it comes out about $61,000. About 2/3rds of that will be assigned to capital expenses (which excludes it from NOI) as we do our taxes + +NOI +48,117 + 40,000 = 88,117 + +**What else is missing?** + +* Utility Billbacks! Water +10,112, Electric + 10,123 = 20,235 x 2 (for annualization) = 40,470 + * NOI 88,117 + 40,470 = $128,587 +* Lease To Own Payments: 15 Units \* ($150/mo \* 12 Months) = $27,000 + * NOI $128,587 + $27,000 = $155,587 +* Miscellanious Fees (Pet Fee, Late Fees, Maintenance Call Fees, Citation Fees): $7,186 + * NOI $155,587 + 7,186 = $162,773 +* CAP EX Materials Spending: ***$54,000 (I finally got to that number)*** + +**What Does that Mean?** + +I spent $54,000 to increase the NOI of the Park by $62,208. If I apply the 16.5 Cap Rate I've increased the value of the park by $377,018. + +... but wait... there's more ... Remember how way back I said for each home sold I decrease the cap rate by .00096. Well, we added 15 units So .165 - .014 = .151 so I actually apply a 15.1 Cap Rate + +# $411,973 + +**What Does the Future Hold?** + +I am currently targetting a 2.5M ARV for my new loan, at Covid-19 terms I'm looking at a 65% LTV structure. The Park is already valued at a conservative $1,077,967 (I should note, that the original PP of the parks was $600,000 and then $100,000 for the homes, and $50k in business assets/goodwill), so I have almost doubled the value of the park in 8 Months. A new loan at the current value would cash out my existing loans but leave me with my original investment left in it. + +If I get the loan on the 2.5M ARV at 65% The new loan would be 1,650,000, which would net me $900,000, We'd retain $500k for the stage 2 rehab, and distribute $400k. On my 165k investment I would get $320k tax free, and would get my intial investment of 165k back. My ROI would be \~200% in less than 8 months. My Partners will get $40k each, which is an infinite ROI. + +Once we refinance we will start searching for 2 more parks to get our Pad Count as close to 500 this year as possible. + +EDIT: Book Recommendations: + +* Dave Lindhal - Multifamily Millions. +* Lonnie Scruggs - Deals on Wheels +* Frank Gallinelli - What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures +* To me those are the essential REI books. After that, read about: +* accounting +* finance +* people management (Dale Carnegie) +Well, weren't those last two minutes of today's trading exciting! Wut Happened?? Crime happened. + +Wut Crime? Banging the close. + +Banging, sounds sexual, maybe the SEC might actually be into this 🤷‍♀️🤷‍♀️🍆? But wuts "Banging the Close"? Well, according to the CTFC - + +" **Banging the Close**: A manipulative or disruptive trading practice whereby a trader buys or sells a large number of futures contracts during the closing period of a futures contract (that is, the period during which the futures settlement price is determined) in order to benefit an even larger position in an option, swap, or other derivative that is cash settled based on the futures settlement price on that day. " + +But that says "futures", GME is a stonk. Yes, GME is a stonk, but the principle still remains true, especially given the derivatives/options on GME are at levels that exceed the shares in existence. Well, real, authentic shares at least. + +&#x200B; + +But, there was a index rebalance, maybe that was it? Well, yes, GME stonk is moving from the S&P 600 to the S&P 400 tomorrow, the stonk needed to be bought and sold by ETFs/Mutual Funds. By 3:50 PM EST on 8/3/21, a report was published by the NYSE stating GME has a large order imbalance of 2,196,034 shares on the buy side to account for this. + +&#x200B; + +[Screenshot of NYSE News from Schwab Street Smart Edge Trading Platform](https://preview.redd.it/y36bqzjgg7f71.png?width=557&format=png&auto=webp&s=1b15017e91fdeac6117805f69095d250c1b993fb) + +What happened next was crime. Even the obsolete, basic data available for "dumb money" apes can prove it. How? Simply Looking 👀. + +&#x200B; + +According to the data from [Market Chameleon](https://marketchameleon.com/Overview/GME/Stock-Price-Action/VWAP), the regular session for GME trading on 8/3/21 had 3,100,172 shares traded, and 1,097,377 shares traded in the final 10 minutes of the trading session. Yes, 1/3 of the days volume occurred in the final 10 minutes. See below - + +&#x200B; + +[Market Chameleon Screenshot of 8\/3\/21 GME Trading](https://preview.redd.it/l67hbjgvi7f71.png?width=1112&format=png&auto=webp&s=a89766acdcd4375c75b76879a2738aa86debfba8) + +&#x200B; + +Notice that crazy candle on 3:58 PM EST on 8/3/21 on the GME Chart? Hard to miss. Wut happened? + +* Between 3:50 - 3:57 PM EST, GME traded 604,866 shares, and the price rose about $5/share from 154 to 158.89. This makes sense, considering NYSE said 2,196,034 shares needed to be purchased based on the order imbalance, and when there are more buyers than sellers, the price should rise (although GME is trying it's best to disprove this theory). +* During the last two minutes of the day, 492,491 shares were traded, all being dumped on bids, to tank the price nearly $7/share to close the day of 8/3/21 at $152.75/share. These trades were not purchases, but rather sales, otherwise the price would not have printed on the bids, or below the bids, for the last two minutes of trade. +* The buying between 3:50-3:57 was almost perfectly offset by the selling in the final two minutes, which on a typical day is expected by now by the market ~~manipulators~~ makers, and GME closed on the day with what was likely still around 2 million shares of order imbalance on the NYSE. +* After hours, more than 10 million shares were traded, one block consisting on 6.6 million shares at 152.75, off exchange in a darkpool, or ADF. +* From 3:58 PM EST, 1,105 option trades were made, totaling 3,566 contracts. No way the MMs/HFT algos behind the closing bang had anything to do with this massive increase in option trading, right? + +So, wonderful regulators and SEC, I ask you, are you going to look into who "banged the close" to drop the price $7 in 2 minutes, what accounts those 3,566 option contracts that traded during the same time belong to, and did the party/parties involved in the bang turn around and fill an order for 10 times the volume after hours at the lower price? Thank you in advance for doing nothing, other than adding another chapter to the story of how the SEC has failed to do anything it was created for. See you again tomorrow. + +Edit 1 - Adding some clarification to help answer/address some of the comments/questions- Over 2 million shares needed to be bought after 3:50 pm to balance the nyse order book. 600k shares were purchased from 350 to 357 pm est, and this buying caused price to rise. The last 2 minutes, however, 500k shares were sold, taking the price back down. The volume needed to bring nyse back into balance never materialized during the 10 minutes after the imbalance was reported, only about half the volume needed appeared, yet almost half that volume was selling, not buying. I find it impossible the 500k of share sales was a bona fide trade, since this occurred prior to the buy imbalance being settled. So either someone banged the close, or they failed to report the 1.6 million share purchases to close the imbalance to the tape to justify a bona-fide sale of 500k shares in the final 2 minutes. Blatant fuckery, even if it somehow wasn't banging the close to get a better moc price for the after hours index rebalancing trades. +I am already doing this manually for myself in order to see who could I follow on twitter.I thought if there is a general interest out there we could start a simple website with this goal and add useful features as we move on, for example users with higher accuracy etc.. + +Hello to all, + +I’ll be starting a new job on April the 1st. I’ll be earning 35k per month after taxes. I’m looking for advice regarding what financial steps I should first take. I understand it’s been asked before on this sub but a lot has probably changed in these last few years, so thought I’d go for an updated version. + +I was thinking of opening a digital savings account and a salary account in either of the big-4 banks. I was also thinking of starting a PPF account with SBI, as this sub seems to recommend them. Finally, I was thinking of trying to get a credit card asap to start building a credit history and rewards of course lol. + +Is there anything I’m missing? Perhaps health/life insurance or basic savings strategy? Anything? + +Oh, if it helps, I stay in New Delhi at my parents' place, so will not need to worry about rent, only utilities. + +Cheers + + +EDIT: thanks guys for the replies +The advice 'do what you love' is lazy and inappropriate for 98 percent of young people. + +I'll focus this on those that are going on to tertiary education to keep it simple. + +I dont know how people think telling a 17-18 year old who has just about finished High School with almost ZERO life experience to do something they love is 'good advice' it is lazy and I have always told students to do what will allow them to love their life and use two examples of something 99 percent of people who are 'adults love' money and holidays if you do a job that allows you to make lots of money and have regular amazing holidays then you 'dont have to love your job' that is just a bonus in reality few people end up loving their job the ones that do are generally Movie stars, Pro Athletes, etc which less then 1 percent of ppl will realisticlly end up doing - hey if you are the end Chris Harmsworth power to you but it is odds on you are not. + +it is no wonder so many people drop out or go no where with useless degrees (unless you do post grad) such as Arts, Science, Bioscience, Psychology etc meanwhile accumulating a large HECS debt. + + +The BEST advice would be do what is going to allow you to have the 'best life' that includes money, potentially enjoying work, having spare time, time off for travel, family, low stress, good work colleges or at least a non-cut throat environment etc over whatever one is passionate about because odds are no matter what you choose you wont 'love your job' in 5-10-20 years time. + + +i actually know 'very few people' who truly love their job however most of them picked what they 'thought' they would love at a young age because that is what they were told to do. But once they finished training/studying it wasnt what it was cracked up to be or the conditions ie unpaid over-time, abuse, stress etc made the job unlike-able over time. + +im not saying money is 'everything' i know a few top earners with loads of mental health, family issues etc due to working long hours, stress etc however they to mostly 'chose a career they loved' but it wasn't what it was cracked up to be. In fairness they are at least rich...but no one is told to look at 'what life' will be like in the future. + +But From the bulk of what I have seen is those who 'earn in the top 5 percent regardless of if they like their job. Generally like/love their lives they aren't stressed about money, have amazing holidays, have nice marialitic things cars/boats/beach houses, go out to nicer places etc they generally have a better 'quality of life' despite not necessarily loving their job. + + +that's my unpopular opinion. +[https://blog.robinhood.com/](https://blog.robinhood.com/) + +*Robinhood CEO Vlad Tenev shared the below to Robinhood employees following a company-wide meeting to discuss the changes.* + +Today we made the difficult announcement that we are letting go approximately 9% of our full-time employees. While this decision was necessary, it was not one we undertook lightly, and I’d like to share our rationale.  + +As you know, throughout 2020 and H1 2021, we went through a period of hyper growth accelerated by several factors including pandemic lockdowns, low interest rates, and fiscal stimulus. We grew net funded accounts from 5M to 22M and revenue from \~$278M in 2019 to over $1.8B in 2021. To meet customer and market demands, we grew our headcount almost 6X from 700 to nearly 3800 in that time period. + +This rapid headcount growth has led to some duplicate roles and job functions, and more layers and complexity than are optimal. After carefully considering all these factors, we determined that making these reductions to Robinhood’s staff is the right decision to improve efficiency, increase our velocity, and ensure that we are responsive to the changing needs of our customers. +1. It’s trading at 60x earnings. +2. It’s cash cow AWS is at 40% penetration but is going to be facing heavy competition. +3. Does it have any other profitable business? + +I want to hear your opinions. +Here’s an interesting article on personal finance and schools now that we’re kicking banks out of schools + +https://www.abc.net.au/news/2021-02-12/financial-literacy-compulsory-subject-in-school-experts-argue/13135540 + +What are your thoughts on all this? + +As a parent I’m finding it challenging that with the move to cashless teaching kids has become a lot more abstract since you just tap and buy and everything is just magical. + +How do I do the digital piggy bank well? I’m using the Barefoot Kids thing with the jars and it worked really well until COVID. It’s been tricky since. +I am referring to this [investopedia](https://www.investopedia.com/ask/answers/040715/were-there-any-periods-major-deflation-us-history.asp#:~:text=There%20have%20been%20several%20deflationary,again%20between%201865%20to%201900.&text=of%20the%20country.-,The%20most%20recent%20example%20of%20deflation%20occurred%20in%20the%2021st,economists%20as%20the%20Great%20Recession) article, in which they say deflation was worrisome to economists from 2007 to 2009, because they thought it would lead to a prolonged recession. + +It is my understanding though, that deflation would increase the purchasing power of people and decrease the price of goods and services. So how could that be a bad thing? What am I missing? + +Edit: Thanks for everyone who contributed. This is actually a lot for me to take in and understand, I am going to have to read and re-read this thread to truly understand. I appreciate the thoroughness. +In the past few weeks, I've noticed a common response to "I have trouble saving" or "I have trouble meal planning" is the Ramsey quote (I'm paraphrasing) "Children do what feels good, adults are responsible." + +Some commenters say things like "You have no self control"; "You don't understand the difference between a need and a want" and other variations on "You're immature and ignorant about the world." + +How is that helpful? + +Maybe I'm just an immature child but it took me a few years to get really good at saving. Self control and self denial are like muscles, they're built up over time. + +Not everyone is taught how to budget at home, not everyone is resourceful enough to figure it out on their own. + +I don't agree with choices a lot of people make on here, but at least they're trying to improve their situation by coming here and asking for advice. + +Maybe this in inappropriate, but this doesn't seem like the subreddit for "tough love." + +OK rant over. +It seems like a scam, but who knows it could be an accident as well? + +The person has been texting and calling her and called her by name in a text, but hasn't left a voicemail. + +This seems like a scam, but the money is fully deposited into my wife's account and it doesn't seem like there is a way they could retrieve it. Please advise! +Hello all, what are some examples of tropes from online personal finance forums that do not apply to EU-folks in your opinion? + +For example, an often repeated wisdom is that you need to have at least 3-6 months of expenses in savings as a buffer or emergency fund. I do not see any need for this though, as employment legislation, cheap/free healthcare and excellent renters protection make it hard for me to envision a scenario where I would suddenly be in need for such a huge sum of liquidity. + +What are some other examples? +These have helped me understand the world of investing greatly. I've done an MBA and therefore I understand a lot of basic theory like accounting and finance already. + +However, I feel the academic education on investing is grossly insufficient. Actual investing is way way more than just figuring out cash flows and predicting the future. There's a lot of behavioural elements as well. Also I feel you need to develop the thought process of an investor to be successful with money. + +A lot of folks from business families are bred that way. But for people like me with a service background, you need to make an effort to get there especially because there's little guidance. Business education is geared towards finance, consulting, marketing which do not teach you wealth generation. + +I'll add the list here. I'll keep adding to this in the future. I've only selected the ones that added some value to me: + +*Warren Buffet BRK letters to shareholders - also listen to their annual meeting videos + +*Little book that makes you rich + +*Little book that still beats the market + +*The Dhandho Investor + +*Behavioural finance and investing by Parag Parik + +*Intelligent Investor by Ben Graham + +*Peter Lynch's book + +*Little book that builds wealth + +*Quality of Earnings + +*Stock market shenanigans + +*Coffee can investing + +*How to make money in stocks - O Neil - for technical+trends +I just finished a call with Fidelity to transfer the remainder of my GME shares to Computershare and got a whole shpeel that I've never gotten before. The transfer specialist told me that my shares will be less liquid with a different broker, that my shares would not necessarily be sold short with Fidelity, that fees would be higher with a broker like Computershare, and this next one really fucking got me so I'll start another paragraph for proper emphasis. + +But also, please be aware I'm doing this from memory because I didn't record the fucking thing, something to the effect of: + +"Be aware, there is not, nor is there likely be a digital NFT dividend distributed to share holders. Nor is there a system set up to do so." + +Why would they fucking tell me that? The last time I transferred shares to Computershare a week ago the other agent didn't say shit about NFT dividends or shorting shares. So why bring them up now. In my smoothie brained opinion. + +CAUSE THEY ARE USING MY FUCKING SHARES TO SHORT AND THE NFT DIVIDEND SCARES THE EVER LOVING FUCKING DOG SHIT OUT OF THEM!!! + +BUY THE FUCKING DIP, APES!!! DRS AND DIAMOND HANDS THAT SHIT!!! TO THE FUCKING MOOOOOOOON!!!!! 🐄🚀🚀🚀 + +This is not financial advice, I just like the stonk, my brain is a strawberry banana flavored smoothie. + + +Deep breath with me now. In. Out. Are we all okay? Did we wake up and the world is still standing? Take the time you need to grieve your losses but then **wake up, soldier**. + +This is cryptocurrency. It didn’t pop up overnight. It certainly isn’t going to get hurt by one car company worth a fraction of the market as a whole. + +**Let me repeat that** because some people don’t really seem to understand out there. BTC is bigger than a car company, and its CEO is trying to make money off BTC, not the other way around. I mean, who do you think is buying the dip? + +So get your head out of your ass and hurry up and go **buy some $HAPPY on this dip**. Prior to the news, **HappyCoin was trending upwards having just hit its ATH of $70M,** and has weathered the storm cleanly looking to break out upwards with the second everyone begins to see the dip getting eaten up. + +HappyCoin has a **doxxed lead dev about to fly to LA** to create massive influencer connections while HappyCoin is still sitting pretty on the 7 day chart. **Can you imagine when all these huge names rep such an easy brand?** It’s as crystal clear a formula for success as it gets. + +With the community increasingly getting more hype, (seriously, if you’ve been in that Telegram recently, it’s starting to get real moonboy vibes) which is the exact energy HappyCoin needs to start blasting through to the mainstream. + +With no environmental concerns (it’s proof of stake) and still donating to mental health organizations every Friday on a donation livestream with the partners getting bigger and bigger, know that it all starts here. + +**$100M market cap is the next milestone** and with more **CEX listings** coming and big plans to increase community involvement, there is nothing left to hold back HappyCoin. The floor was found and has been bounced, if you’ve seen any chart like that before you know this is the next coin to take a trip to the moon. + +**Website**: https://www.thehappycoin.co/ +From my experience, people are very jealous of rich people. Even though I'm 21, I value my finances above everything else because it never fails to produce a better life for me. So keeping that in mind, I'm not sure if I should tell anyone about being a millionaire once I get there. I'm almost certain my family would take advantage of me and not want to give anything back in return. +Just reading about all the financial trouble families are now facing in regards to buying overpriced Canadian real estate and facing rate hikes that they're finding hard to support is pretty scary. + +This trouble will extend into the larger economy, as we know that real estate and related services accounts for a large percentage of the Canadian economy. + +And now this article about trouble at the big banks floating on a sea of debt: https://seek ing alpha.com/article/4522933-td-bank-and-royal-bank-of-canada-canadas-about-to-implode + +(Remove the two spaces in the link to read.) + +The article is mostly about Canadian bank stocks, but it also believes that the Canadian economy could be in for a housing crash that sends the whole house of cards tumbling. + +What do you guys think or feel about this? +Typically in my experience in Canada, these are the only two things that people think to invest in. I imagine there are a couple of reasons for this: a high barrier to entry to entrepreneurship/starting a business, the fact that RE has seen better than market returns for decades. the fact that there is no minimum required investment for securities. Myself I can't think of any other place to put my money in Canada. + +So my question is: what else are you investing in that isn't stocks or real estate? +Last house I purchased was < $1M and the real estate agent we had was great. + +We're looking at purchasing a new house probably north of $4M. I just assumed I'd go with our previous real estate agent, but my wife wondered if perhaps we should try to find an agent that specializes in higher end properties. + +I was just wondering if anybody has any experience in this. Do real estate agents who specialize in luxury homes actually make a difference? +I'm tired of looking all places to get news and opinions of $SCR trying to make a public group chat for stock holders + +r/ScoreMediaAndGaming. + +if its not a good place to post this tell me i will delete this post. +I am doing pretty well all things considered. 24, 60k invested, 70%+ savings rate. Thanks to a new job with salary increase, I have already reached my savings goal for the year. But my friend is really struggling right now. He has lost his job a la Covid. He needs money for school fees and he might have to go back home to another country if he doesn’t find the money in 2 weeks. No one is giving loans to international students. + +I have this money and he has no clue since I live so cheap. I could give it to him. It is only a couple of months of savings to me. If he doesn’t pay it back, I don’t know if I will resent him but it won’t hurt me practically. Right now, I could give him the money, no skin off my back, never see it again and I think it would be fine even friendshipwise. I would end the year with 5k less investments. + +But it would be stupid wouldn’t it? It is so much money. Maybe another year of work before retiring? I can’t believe I am even considering this. I am usually so selfish/super practical. + +EDIT: I am not planning to sell my investments. Just give some money instead of investing over the next couple of months. +Robinhood, Citadel and all the other fuckers with short positions in GME are acutely aware of how much hatred retail traders have for Robinhood because of the buying restrictions placed on GME in January. + +They are very well aware that many retail traders will be tempted to short Robinhood as a show of defiance. + +Let me ask you something, if the hedgies see all the people who hold the very stock that is threatening their bankruptcy suddenly open short positions in Robinhood, what would be the most logical thing for them to do? If you said "pour a lot of money into long positions on Robinhood to short squeeze retail traders" you would be correct. + +DO NOT TOUCH THE ROBINHOOD IPO!! DO NOT GO LONG ON IT, DO NOT GO SHORT ON IT, IGNORE IT. + +The last thing any retail trader wants is to be margin called and forced to sell their GME shares to cover by the very people who deserve that exact scenario. + +&#x200B; + +&#x200B; + +Not Financial Advice ;) +I’ve been hanging out on the $CATS telegram for two weeks and it’s a very fun meme-savvy community. The devs sprang a big surprise on Monday when they released their [whitepaper](https://catoshi.cat/wp.pdf) and it turned out they have been building a “MemeFi” product in partnership with [PADswap](https://padswap.exchange/) and [Spade Audits](https://spadetech.io/). + + +The basic idea is to combine DeFi functionality with the high-impact energy of a meme community. Their first “MemeFi” offering is called The Crossing, a cross-chain Ethereum-BSC bridge which also allows staking and yield farming. The initial version of The Crossing is launching this month and will later be expanded to also include Polkadot, Solana, Fantom, and Polygon. + +&#x200B; + +The Catoshi dev team is very solid and has impressed me on every metric you look for in a token! They locked their tokens, plan their moves carefully, deliver on schedule, constantly active with AMA's in the community, and choose their partners wisely. They get that success in this space comes from building trust through transparency and building partnerships with other solid teams. Partnering with [Spade](https://spadetech.io/), established smart contract auditing company, has allowed them to greatly reduce costs to audit token contracts on The Crossing. And partnering with [PADswap](https://padswap.exchange/) (developed by [Toad Network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6)), allows a high reward AMM/swap on BSC which The Crossing uses to enable DeFi features. + + +$CATS and their MemeFi project got written up by Satoshi Club today, so check out their post if you want to learn more: [https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/](https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/) + +\--- + +🌐 Website: [https://catoshi.cat/](https://catoshi.cat/) + +📃 Whitepaper: [https://catoshi.cat/wp.pdf](https://catoshi.cat/wp.pdf) + +🐤 Twitter: [https://twitter.com/OriginalCatoshi](https://twitter.com/OriginalCatoshi) + +📩 Telegram: [https://t.me/originalcatoshi](https://t.me/originalcatoshi) + +🃏 Tik Tok: [https://vm.tiktok.com/ZMd8bFV5k/](https://vm.tiktok.com/ZMd8bFV5k/) + +⌨️ Medium: [https://catoshi.medium.com/](https://catoshi.medium.com/) + +🔒 Liquidity: [https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS](https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS) + +✅ Audit: [https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20](https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20) + +📊 Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e](https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e) + +🦄 Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa](https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa) + +💎 Contract address: 0x6a00b86e30167f73e38be086081b80213e8266aa +**INTERNATIONAL APES CAN ALSO COPY/PASTE AND EMAIL EITHER THE BBC OR YOUR LOCAL MEDIA/NEWS OUTLETS USING THIS TEMPLATE. THIS IS FOR EVERYONE.** + +**EDIT** : If you want just a general (non-UK specific) template, there's a one down in the comments. Linking [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/comment/ij8hfmf/?utm_source=share&utm_medium=web2x&context=3). + +Any of you guys feeling tired, lied to, lazy or angry? Copy/paste this letter and send it to the BBC: + +* [newswatch@bbc.co.uk](mailto:newswatch@bbc.co.uk) +* [YourQuestions@bbc.co.uk](mailto:yourquestions@bbc.co.uk) +* [newsgathering@bbc.co.uk](mailto:newsgathering@bbc.co.uk) +* [haveyoursay@bbc.co.uk](mailto:haveyoursay@bbc.co.uk) +* [bbcnewschannel@bbc.co.uk](mailto:bbcnewschannel@bbc.co.uk) + +^(\*\*these addresses were found online and were shared by the BBC themselves.) + +And here is the post that inspired this letter, with much credit to the author [u/Lorien6](https://www.reddit.com/u/Lorien6/): [https://www.reddit.com/r/Superstonk/comments/wh7n2r/dtcc\_is\_committing\_securities\_fraud/](https://www.reddit.com/r/Superstonk/comments/wh7n2r/dtcc_is_committing_securities_fraud/) of whom wrote the majority of what is included within the post as below (I’ve simply framed it in a way that’s ready to send). [u/Lorien6](https://www.reddit.com/u/Lorien6/) \- seriously dude, your write up was a pleasure to read. + +Like RC said, “**Ask not what your company can do for you – ask what you can do for your company**.” ^(Ryan also said ")\*\*^(work is so sexy)\*\*^(" and for change to happen, putting the work in matters. And you know, it's sexy.) + +*This isn't limited to the BBC, so if there's another media/news outlet that would benefit from the information as below, please do share links and contacts and I will add them up here!* + +[Adding a picture of DTCC CEO Michael C. Bodson - as an image of Victoria Coren Mitchell is appearing as a thumbnail for this post \(due to a BBC article as below\). For clarifications sake - Victoria is not involved and is a national treasure. Unfortunately, the same cannot be said for Michael C. Bodson \(who is coincidentally also stepping down from his role this month\). ](https://preview.redd.it/6vpse30v94g91.jpg?width=872&format=pjpg&auto=webp&s=a73a93f531ea8d93c811e43090c64c059cebabad) + +**NB - REMOVING REFERENCE TO THE FC-06 CODE \[AS OF 06/09/22\] DUE TO** [DEBUNK](https://www.reddit.com/r/Superstonk/comments/x6m6za/comment/in7sk4j/?context=3) **BUT MORE EVIDENCE HAS BEEN ADDED IN IT'S PLACE.** + +Dear Sir/Madam. + +**The DTCC has committed international securities fraud.** + +And in keeping with the BBC’s Mission "to act in the public interest, serving all audiences through the provision of impartial, high-quality and distinctive output and services which inform, educate and entertain" (as stated here: [https://www.bbc.com/aboutthebbc/governance/mission](https://www.bbc.com/aboutthebbc/governance/mission)**)** and focusing on the importance of the BBC’s role in to serve and **“provide impartial news and information to help people understand and engage with the world around them”** I am forwarding the below to ensure that the BBC is using their position as a publicly funded corporation to impart accuracy in the content they deliver and the truth surrounding the issues as evident within the American securities market, of which UK shareholders are directly impacted. + +Please note that this correspondence will act as a matter of record - to demonstrate that your organisation was provided information as pertaining to issues surrounding international securities fraud, and thus as a news source outlet, your editorial responsibility to report the truth is essential and a refusal to do so for any reason, will have far reaching implications (for not only those who hold affected securities) in which will create a basis for further investigation later down the line. + +Please read as below: + +I have evidence to believe that the DTCC has committed securities fraud on the ticker GME (GameStop) which is diluting the value of shares held by institutional and retail investors around the globe. + +Here is a very short article on Medium: [https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8](https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8) which aims to not only provide context as a basis for this letter - but shows there exists extensive evidence demonstrating that many brokerages around the world were informed by the DTC, who are the custodians of these securities, to issue shares on behalf of GameStop in a manner that was fraudulent and against the wishes of the company. + +The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary, The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers). + +Being such an essential functioning key participator within the American Financial Markets, it struck me as odd that instead of filing the correct form needed to carry out the split-dividend as was issued by the company (a statement as provided by GameStop to clarify the nature of the request as was issued 05/08/22: [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n)) the DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing. + +Here in this form, you can also see the process type was listed as 'stock split' and not dividend, as was instructed: [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) + +It should also be noted that this should have been performed under the DVSE ISO code but, again, wasn't. Further discussion and evidence to support these claims can be found here: [https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone\_keeps\_asking\_for\_proof\_of\_the\_fraud\_by/](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +The DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) so cannot be excused an US Imperial/Metric cause of mistake. See: [https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +And here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348: [https://www.reddit.com/r/Superstonk/comments/x5sgk2/here\_is\_the\_securities\_fraud\_law\_broken\_by\_the/](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +So this begs the question: **Why can’t the DTC deliver the product they are custodians of?** + +Canada's own CDS (The Canadian Depository for Securities Limited) has stated that the DTC advised them to split the shares rather than distribute new dividend shares. The GameStop 8-K filing, dated July 6, 2022 states that the 4-1 split is to be issued "in the form of a stock dividend." Reference: [https://news.gamestop.com/node/19826/html](https://news.gamestop.com/node/19826/html) + +In Germany the same thing is occurring and the Bafin (essentially the securities exchange police), have confirmed that GameStop dividend shares are incorrectly booked in Germany. Reference: [https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1\_cid502](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1_cid502) + +The same reports are emerging at a concerning rate from as far reaching as Korea, Hong Kong, Switzerland, Cyprus and many other countries around the globe. + +Reports out of Korea are stating that their International Equities Team along with their Depository Leader and Counselor will be making a statement on this situation shortly. This is all further evidence that naked shares (otherwise known as synthetic shares or counterfeit shares) have been issued en masse to retail investors around the globe. For your reference, Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. + +This should be front page on every newspaper around the world and now that this information is in your capable hands, I trust you will do all that you can in your endeavours to investigate this further for the sake of ensuring that the public are well informed and protected in light of potentially criminal activities. + +Thank you, + +Additional reading: + +1. [https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond\_the\_wool\_the\_smoking\_gun\_and\_how\_the\_dtcc/](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/) +2. [https://twitter.com/dlauer/status/1554128249638330369](https://twitter.com/dlauer/status/1554128249638330369) +3. [https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/) +4. [https://www.reddit.com/r/Superstonk/comments/wg19eg/korean\_apes\_havent\_received\_their\_dividend\_ksd/?context=3](https://www.reddit.com/r/Superstonk/comments/wg19eg/korean_apes_havent_received_their_dividend_ksd/?context=3) + +**EDIT**: For full transparency, have changed some instances of DTCC to DTC (Depository Trust Company). As rightfully flagged by u/Clinticus_d_Dogeman “May seem like semantics however they are two different entities and the DTC is whom shares were allotted to.” + +I appreciate the input from this community and thank them for their contribution and insight. + +[It seems we've made a splash folks - and to all journalist coming here for the first time, welcome. Are you going to be the one to break this story first?](https://preview.redd.it/woy9bt62d6g91.png?width=2142&format=png&auto=webp&s=01d882c62618c873b5ecaa602b71e8e52441e66d) + +**EDIT**: Loving all the feedback! A lot of suggested contacts, so going to link them as below. For the record, I haven't verified all of these and ask only that you suggest contact details of those whose information is already publicly available. No personal info or harassment, these people have lives too: + +* [guardian.letters@theguardian.com](mailto:guardian.letters@theguardian.com) (goes to the editor) +* [observer.letters@observer.co.uk](mailto:observer.letters@observer.co.uk) (goes to the editor) +* [financial@theguardian.com](mailto:financial@theguardian.com) +* Consumer investigative column in weekly Money section [consumer.champions@theguardian.com](mailto:consumer.champions@theguardian.com) +* International news desk: [international@theguardian.com](mailto:international@theguardian.com) + +To find your local MP (in the UK) - you can do this here: [https://members.parliament.uk/members/Commons](https://members.parliament.uk/members/Commons) + +To find your state representative (US) - you can do this here: [https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) + +[u/Born\_Gain\_817](https://www.reddit.com/user/Born_Gain_817/) \- "Here is another resource we could use to send information to: [https://www.icij.org/leak/](https://www.icij.org/leak/)" + +[u/BSW18](https://www.reddit.com/user/BSW18/) \- "The most vocal media are Indian media outlets. If you have seen recent war coverage then you probably know it. Additionally they keep repeating same news over and over so many times: + +* Arnab Goswami at Republic TV +* AAJTAK 24 HOUR NEWS +* ZEE BUSINESS NEWS +* NDTV +* PALKI AT WION TV +* INDIA TODAY" + +u/LuminoHK \- "I am a Hong Kong Ape, and gather some contact of some financial magazine here:" + +* [eugene.tang@scmp.com](mailto:eugene.tang@scmp.com) +* [letters@scmp.com](mailto:letters@scmp.com) +* [info@hket.com](mailto:info@hket.com) +* [imktg@hket.com](mailto:imktg@hket.com) +* [content@nmg.com.hk](mailto:content@nmg.com.hk) +* [enquiry@nmg.com.hk](mailto:enquiry@nmg.com.hk) + +[u/Sweetgirl\_j](https://www.reddit.com/user/Sweetgirl_j/) \- "I’m wondering about Amy Goodman and the team at Democracy Now on NPR. They always give the little guy a shot and they have very good following. I’ve seen them cover tiny protests in upstate Troy because fans requested it: [https://www.democracynow.org/contact](https://www.democracynow.org/contact) + +Twitter: [https://twitter.com/democracynow?s=21&t=0a5GzajmT9yxFVq8BRIpnw](https://twitter.com/democracynow?s=21&t=0a5GzajmT9yxFVq8BRIpnw) + +[u/Conscious\_Student](https://www.reddit.com/user/Conscious_Student_37/) \- "You can also direct submissions to [www.sec.gov/tcr](http://www.sec.gov/tcr) \- that’s where the DOJ directs reports of securities fraud." + +[u/xiodeman](https://www.reddit.com/user/xiodeman/) \- "For 60 Minutes - [investigates@cbsnews.com](mailto:investigates@cbsnews.com) and phone/Signal (212) 975-7171" + +[u/Squirrel\_Inner](https://www.reddit.com/user/Squirrel_Inner/) \- + +* [Investigations@npr.org](mailto:Investigations@npr.org) +* [nytnews@nytimes.com](mailto:nytnews@nytimes.com) +* [tips@rollingstone.com](mailto:tips@rollingstone.com) +* [evening@cbsnews.com](mailto:evening@cbsnews.com) +* [weekend@cbsnews.com](mailto:weekend@cbsnews.com), +* [mediarelations@ap.org](mailto:mediarelations@ap.org) +* [https://network.aljazeera.net/contact-us](https://network.aljazeera.net/contact-us) +* [https://www.pbs.org/publiceditor/feedback/](https://www.pbs.org/publiceditor/feedback/) +* [https://www.reuters.com/info-pages/contact-us/](https://www.reuters.com/info-pages/contact-us/) + +[u/Acceptable\_Car\_1145](https://www.reddit.com/user/Acceptable_Car_1145/) \- "Be nice, these people are professionals" Agreed. + +Sky News: [news.plan@sky.uk](mailto:news.plan@sky.uk) / [news@skynews.com](mailto:news@skynews.com) / [Kay.burley@sky.uk](mailto:Kay.burley@sky.uk) / [Mark.Kleinman@sky.uk](mailto:Mark.Kleinman@sky.uk) \- Sky News Financial Correspondent + +Any other sky presenters or journalists use the same email template [name.surname@sky.uk](mailto:name.surname@sky.uk) + +[u/TheArmoursmith](https://www.reddit.com/user/TheArmoursmith/) \- "UK financial markets are heavily regulated. It would be more effective to report to the Financial Conduct Authority: [https://www.fca.org.uk/](https://www.fca.org.uk/) Specifically: [https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual](https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual) If you've bought shares through a UK broker, they are regulated by the FCA" + +[u/4GIVEANFORGET](https://www.reddit.com/user/4GIVEANFORGET/) \- "Twitter accounts for large public radio stations mostly in US and a couple other news outlets" + +@ pns\_news / @ underground\_for / @ silencedmedia / @ akpublicnews / @ wknofm / @ wwno / @ wync /@ 917wvxu / @ coloradosun / @ mpr / @ nsprnews / @ michiganradio / @ kiosomaha / @ kchuradio / @ wpln / @ ksut / @ COpublicradio / @ freepublicradio / @ npr + +[u/Uranus\_Hz](https://www.reddit.com/user/Uranus_Hz/) \- "HOW TO CONTACT YOUR STATE/PROVINCE SECURITIES REGULATOR:" For the US, Canada & Mexico: [https://www.nasaa.org/contact-your-regulator/](https://www.nasaa.org/contact-your-regulator/) + +............................................................................................................................................................................. + +**EDIT**: Providing evidence for the purposes of accountability to demonstrate that any number of main stream media entities, particularly those as listed below, cannot deny being in prior knowledge of these events after the fact - and to use plausible deniability as reason not to fulfil their obligation as a trusted platform to report the truth as news to the public. + +[CREDIT: https:\/\/www.reddit.com\/r\/Superstonk\/comments\/whupfa\/we\_cant\_let\_them\_plug\_their\_ears\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/yv0cvwfj2kg91.png?width=272&format=png&auto=webp&s=987b440eaf9e22f1a7ffb8ed5d2d0ec438d40e93) + +[CREDIT: https:\/\/www.reddit.com\/r\/Superstonk\/comments\/whonr3\/im\_doing\_my\_part\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/ny5qb7003kg91.jpg?width=640&format=pjpg&auto=webp&s=f2d554bf934478073d631061489ac4737d53308b) +I (19 m) am wondering which skills i should know / be learning, i like drawing and being creative but lately it feels like im wasting time doing it as it is barely monetisable. Does anyone have any advice for me on what i should focus on? I cant help but feel hopeless during this pandemic it feels like im throwing time away because im not learning anything new. +So my wife was cutting wood on a table saw on Friday morning and the cat brushed up against her. And yes, this is going where you think it's going. She looked at the cat for one split second, but that was all it took. Her hand followed her eye movement and she cut all five digits off. I'll spare you the entire story, but the doctor tried to re-attach as much as possible. He's hopeful the pinky and the index will heal but there are no promises. The rest are nubs if that. Needless to say we are heartbroken. My wife just accepted an early retirement package from teaching at 42 but we don't want to touch her retirement yet as there will be penalties. She was moonlighting at the local hospital as admin but now typing fast will obviously be an issue so who knows if she will even have a job. I am on SSDI as I've had a stroke. Does anyone know of any routes we can take right now? Any help would be greatly appreciated. We have some savings but bills will pile up quick and I don't want to go into this blind. Thank you all. + +&#x200B; + +Edit: We are in PA if that helps + +&#x200B; + +Edit 2: Well, it seems that she is not covered under our homeowner's as she is listed as a primary owner and not a 3rd party. As for the employer's taking out a group disability insurance, they did not and they said she would not be covered anyway because she is part time. Also, I want to note that she retired from teaching at the end of last year, not this year, so she is no longer considered an employee of the school. Unfortunately, we are likely just screwed right now until she can go back to work. We have already requested Dragon voice to text and I've ordered a one handed keyboard for her to start getting used to using. + +I thank all of you for your input and your kind words. I have read everything everyone has taken the time to write and will continue to read the new ones. I appreciate all of you very much. +Throwaway account. +i was adopted to a great, loving, incredible family before i was born. met my birth parents at age 28. my wife and i had a baby recently. I own a fairly successful business that plans on hitting net 400k profit this year, making 200k/year, solid retirement, and investment portfolio. + +My birth father told me tonight that his father, my grandfather, said that he would give me a million dollars if i change my and my daughters last name to his. super grateful for this offer, for my upbringing, for everything really - i’ve been blessed to have certain opportunities. + +a million dollars would be life changing, duh, but honestly, i’m kind of torn here and not sure what to do. i feel like i’d be letting my parents (who raised me and name i carry) down by changing it. i guess i could change it, get the money or invest/move it to a new entity to invest in property, and always change it back to my current last name, but idk. + +aside from the slight, or not so slight, headache of dealing with the SSA changing legal names, it is feeling like a weird “indecent proposal” and a little bit scuzzy of an offer. my birth grandfather doesn’t have any other grandchildren or great grandchildren and he’s 94, nearing the end of his life and wants “to keep his blood line going and his rare family name to continue.” + +just looking for any insight or advice here. i love my parents and life is strange. +Me (23f) and my boyfriend (23m) have been discussing buying a house but when it comes to finances we disagree. He earns €700 a week and I earn €350 a week. + +A mortgage for us would be roughly 600/700 a month and I think it would be more fair for me to pay 250 and he pay 350 but he disagrees and believes it should be 50/50 split. It’s not an argument but it’s been a discussion. + +I was just wondering what the most common way of doing things would be ? +I just came across the following quote by Warren Buffet and it really struck me. I'm a mid-twenties Bay Area tech worker, grinding it out (like most folks here), on my way to fatFIRE. I recently broke up with my girlfriend of 7 years and have been feeling very lonely and depressed. When we were together we were inseparable and when we broke up I had hoped we could remain in touch, but now she won't talk to me, except for logistics reasons. I'm realizing how painful it can be to be really alone and how useless money is at solving that problem. + +Anyway here's the quote. I figure it is relevant because much of the talk on this sub is about choosing a number and what that number can buy you (hint: not love). I'd like to hear if anyone has any thoughts. + +> "Basically, when you get to my age, you'll really measure your success in life by how many of the people you want to have love you actually do love you. +> +> I know people who have a lot of money, and they get testimonial dinners and they get hospital wings named after them. But the truth is that nobody in the world loves them. If you get to my age in life and nobody thinks well of you, I don't care how big your bank account is, your life is a disaster. +> +> That's the ultimate test of how you have lived your life. The trouble with love it that you can't buy it. You can buy sex. You can buy testimonial dinners. You can buy pamphlets that say how wonderful you are. But the only way to get love is to be lovable. It's very irritating if you have a lot of money. You'd like to think you could write a check: I'll buy a million dollars' worth of love. But it doesn't work that way. The more you give love away, the more you get." + +-Warren Buffet +After reading thru GME’s proxy today, I decided I will be buying an additional $55,000 GameStock $GME on Monday. + +That will bring my starting position to just under $160,000. Proof from my broker is in link below in comments. I need to figure out how to DRS, as I’d like to. + +Also to address some other things: +1) the amount of people after me for supporting GME is insane. But it’s fine. I’m good with it. +2) to those who don’t trust me, you don’t need to. I’m fine with skepticism. Bring on the skepticism. Where I will draw the line is if you are hostile. I haven’t blocked anyone yet and frankly I don’t want to. If you’re skeptical, be skeptical. I don’t care. But don’t be hostile. I’m just trying to help. Believe it or don’t. +3) I have no control over how much people post about me so pls don’t hate on me for that. You can hate on me for that but I don’t control that. I agree that it’s too much. + +I am human. And I did get pissed at a guy earlier whose literally been harassing me every day. I will do better. + +Anyway that’s all I got. + +Below in comment is link to my current position which will be increased by $55k on Monday, to just shy of $160,000. + +Have a Happy Easter and/or Holiday +- ME +I have been trading for 20+ years. I love smallcaps and I am addicted to options trading. + + +I tried to create a side thread with details,, it was deleted? - I dunno,, maybe you pay for that ability..?? + +I don't run pump and dumps,, I use the same name everywhere. + +But twice after posting what I believe to be good stock picks I was verbally trashed instantly. Now i can understand trying to protect your community,, thats cool,,, but some of you need some social skills and patience before you instantly attack anyone. + +As i have noted, I am new to reddit,, but I'm not new to trading or other trader platforms,, so yeah you can actually go look me up. + +I came here because I am sick & tired of Twitter shaving off my followers every freaking week for over a year! I used to trade at thelion,, but got kicked off as well as years of dd about stocks for refusing to participate in what I believed to be a p&d. + +My style is if its a good company & the base is good,, buy it. + +I like penny stocks all the way up to $amzn + +I have an established history of pounding the table on quality stocks,, new traders should not have to start their trading careers buying canned spam when steak and lobster is available! + +Yeah, I am a little annoyed with the instant unwelcome Reddit users have,, for me & likely other traders. + +Technically I would like to find a trader community on a node,, not just "hanging out on the net". + +If anyone finds one,, hit me up at @gmail + + +Anyway,, best of trading to all, and I am sorry about my rant. +Anyone else watching the NCAA tournament and seeing all these QQQ commercials? Anyone find it interesting I’ve never seen an ETF or fund advertise before. Thoughts on this? +[https://www.newsweek.com/ceo-compensation-has-risen-940-percent-since-1978-worker-compensation-has-only-increased-12-1454310](https://www.newsweek.com/ceo-compensation-has-risen-940-percent-since-1978-worker-compensation-has-only-increased-12-1454310) +Just a hypothetical btw. If I were to randomly find a bag of money (let’s say 1 million), and I were to keep it, would it be dirty money? Or would I be able to use it and keep it as my own without any repercussions? Are there any laws in the US that are about this kind of situation? +* He and brother used a trading account to transact Future Retail shares +* Many transactions done before a demerger decision +* Fine of 1 cr levied on them +* Edit: They also have to 'disgorge' the notional gains of about 18 cr; smaller fines and levies on two other employees involved in the deals +* Kishore Biyani can't trade in Future Retail share for 2 years +* Would be interesting to see how the tussle with Amazon goes after this +* There is a general feeling that a lot of insider trading happens in India; this decision can help fix this + +One source: [https://www.livemint.com/companies/news/sebi-bars-future-group-ceo-kishore-biyani-from-accessing-securities-market-for-1-year-11612357348986.html](https://www.livemint.com/companies/news/sebi-bars-future-group-ceo-kishore-biyani-from-accessing-securities-market-for-1-year-11612357348986.html) +As we all know, the most likely outcome has happened where regulators and boomers are now targeting anybody who looks like a convenient target. + +Deepfuckingvalue, who was unfortunately outed, is increasingly looking like that person. + +He is now in more danger than any of us. I doubt that anything will acruallly come of this, but now real heat is coming out, as tends to when traditional power dynamics are upset. + +Not to mention; despite the fact that he was acting as a private individual and not actually acting in an official or financial position, the optics are being set up against him. + +Do not attack him if he decides to withdraw all today. He has his own life and family to protect. He’s also much more vulnerable than anyone here, and he doesn’t have the polemical connections like citadel does. Not to mention he just screams boomer bait. + +I suspect he’s feeling pressured into not selling because of the cult status he has here. But his own personal life comes first. Chances are, he may never be able to work in an official financial position again. + +I’m not crying for his financial future or anything, he’s worth 8 figures. But again, he needs that money given his position. For the rest of his life he will be a political prop. Please respect his decisions and most importantly realize he’s a fucking human being with his own life + +Edit: still holding I bought @30 in at $300 lol +How many of you are on minimum or low-paid jobs? How many of you struggled to get by during the pandemic? How many of you have families to take of and that keeps you up at night? How many of you fantasize about owning a house or a car but know you have a better chance of winning the lottery? + +Now how many of you are *depending* on crypto to get you out of your dire situation because you literally have no other options? + +I know from being on this sub a long time a lot of us are doing this because we are banking on crypto to get us out of the gutter and achieve a level of financial freedom our broken economic systems could never help us achieve. 99% of the posts you see here aren't of people hoping to become millions despite all our joking about moons and Lambos. The majority of "cashing out" posts you see are for modest, reasonable goals. Going to college, taking care of elderly parents, getting by in poor countries, owning a house. These are all things that in our age of technological advancement and productivity should be considered bare essentials and yet here we are betting it all on magic meme money to save us and give us the minimum we hoped for out of life. + +Musk, Bezos, Zuckerberg, and the rest of them are literal symbols of the broken systems that have led us here and necessitated the creation of crypto to allow us to claw back a tiny bit of agency in this crazy world. Their bloated assets, larger than many countries' GDP, give them the kind of power 1000 ancient kings couldn't even dream of. They aren't on our side. If there was the mere hint that crypto could threaten their status or wealth you bet your ass they would turn on us in a second. + +Don't simp for Musk if he pumps your bags for a few days, he didn't make his billions by helping people intentionally. Crypto is for the people now and always. +Hi all! + +My mother is a 65 year old \[single\] retiree with approximately $400k in liquid cash. I told her I would help her invest in dividend stocks so that she can live on the proceeds rather than spend the \*principal. + +The ultimate goal would be about $2k/month in income, which to my feeble brain seems she would need a 6% dividend yield. + +Here is what I'm considering investing in for her: + +ORC, JQC, PDI, ETV, HIX, HTD, JFR, CSQ, RQI, UTG, THQ + +Thoughts? Concerns? Other suggestions? I don't really have a plan, other than if these seem like a good idea, I was going to put about 9% into each. I picked these because they paid monthly dividends, which would help her with expense planning. +We have been dreaming about mass adoption and decentralization. We wondered what it would be like. We have been asking ourselves that question since 2016 and possibly even earlier. Well... + +Here is your answer. This is how the market looks like when we start to see a tiny bit of mass adoption. + +Billionaires are manipulating the market? It's a part of the mass adoption game we have to accept. There are ways to resist it, but you can't just say "Please Elton go home and shut up" because guess what, Elton won't go home and shut up. + +You can't ban anyone from coming into this space, that's the whole point of fucking decentralization. You can't ban a billionaire from participating in the same way you can't ban a school teacher from participating. + +You want to complain about people buying doggy coins? Same shit. Tough luck that your coin is only seeing 1000% growth and not 10,000% boo. Again, you can resist your FOMO and you can invest smartly into fundamentals, but you cannot ban people from spending their money. It's their money and you're not HSBC. No matter how much you wish for it, you can't ban people from buying Bitconnect or Cumdoggy coins or whatever, they'll learn from their experience and that's how the market will correct it self. + +Rejoice crypto hodlers. + +The days we have been dreaming about have arrived. + +Don't be a bunch of salties. +For those who missed out on CATGE coin, 12 days ago they launched their community-driven token to counter DOGE and the Elon manipulation, and they reached $7 million market cap in 72 hours. + +Today they have launched two projects that in my opinion can potentially break through two huge markets: the Stock Exchanges and the Card games in a Pokemon style. + +Their first project is called Startup Token Launchpad and is planning to disrupt the Venture Capital industry with the power of DeFi. They are going to acquire Startup’s equity through their future company and issue tokens backed by such equity, just like Binance has done with TESLA and Apple, but for pre-IPO startups. + +This is going to break through the Venture Capital market, worth 39 Billion dollars. Venture Capital funds currently have the quasi-monopoly over pre-IPO investments. The only thing retail investors can do as of now is to invest in small-cap public listed companies at a later stage. This locks them out of startup’s massive 1000x-10000x returns. + +Furthermore, Startup companies have trouble accessing capital, and investors are reluctant to invest in startups because they have no control on when they are able to cash out (they have to wait for a possible acquisition or an IPO). + +All this is going to be turned upside-down by this project, thanks to CATGE coin. + +Their second project is based on their high meme-factor. It’s a card and NFT game called CATGE vs DOGE. It’s a game where cards will be issued in NFT and paper, with regular cards, rare cards, super rare cards and unique cards. They are going to be sold in all the newspaper kiosks. + +I think this is a really smart move because it allows the team to sponsor card packs heavily in Facebook, Instagram and Google without incurring in the crypto censorship. + +Furthermore, they are going to have a massive marketing budget resulting from their additional Pokemon-style business model. + +They are yet to be listed on Coin Market Cap and CoinGecko and they already touched $7 million market cap before stabilizing around $4 million (they also survived and thrived after that crazy May 19-23 crypto crash). + +Given all the projects in their pipeline, I believe this token is extremely undervalued compared to what it can deliver. Especially considering how the Venture Capital market and the Pokemon-style card games markets are. + +CATGE’s contract is unique and game-changing: + +The team has worked really hard to create a contract that rewards holders and adds liquidity to the pool, but such bonus fades with time. + +This is because Safemoon-like tokens can't be listed on major exchanges due to their high commissions, while CATGE's commissions will fade to zero. + +Whoever joins the CATGE army enjoys the following benefits: + +\- Until June 15th: 7% Holders rewards for every trade and 5% to liquidity pool + +\- Until July 15th: 4% Holders rewards for every trade 3% to liquidity pool + +\- Until October 15th: 2% Holders rewards for every trade 2% to liquidity pool + +\- After October 15th: No more trade commission + +Make sure to set slippage to 14-15% before buying. + +The goal of CATGE is to become greater than DOGE, to disrupt the Venture Capital industry and also to gain the interest of young enthusiasts and kids through the card game project. + +It is an ambitious goal indeed, but they have all the right people at the right place, the marketing budget and a community of more than 7000 people that is growing 50% per day. + +Given all these reasons, I believe that this can easily be the next Safemoon in terms of growth. + +As always, DYOR! + +◼️Ownership: renounced + +◼️CATGE Website: catgecoin.com + +◼️Token launchpad Website: startuptokenlaunchpad.com (startuptokenlaunchpad.com/) + +◼️Card game website under construction + +◼️Reddit: catgearmy (reddit.com/r/) + +◼️Discord: discord.gg/72S6ScUj (discord.gg/72S6ScUj%22%20%5Ct%20%22\_blank) + +◼️Facebook: facebook.com/CATGE-103914588551488 (facebook.com/CATGE-103914588551488%22%20%5Ct%20%22\_blank) + +◼️Instagram: instagram.com/catgeofficialcoin/ + +◼️Telegram: t.me/catgecoin (t.me/catgecoin%22%20%5Ct%20%22\_blank) + +◼️Twitter: catgecoinoff + +◼️Buy on PCS: exchange.pancakeswap.finance/#/swap?outputCurrency=0x1cA23D55bc741366d010274553a8aeaAeFb0d583 (exchange.pancakeswap.finance/%22%20%5Cl%20%22/swap?outputCurrency=0x1cA23D55bc741366d010274553a8aeaAeFb0d583%22%20%5Ct%20%22\_blank) + +◼️Chart: dex.guru/token/0x1ca23d55bc741366d010274553a8aeaaefb0d583-bsc (dex.guru/token/0x1ca23d55bc741366d010274553a8aeaaefb0d583-bsc%22%20%5Ct%20%22\_blank) + +◼️Contract: 0x1cA23D55bc741366d010274553a8aeaAeFb0d583 + +◼️TOT Supply (fully diluted) : 1,000,000,000,000,000 + +◼️LP lock: dxsale.app/app/pages/dxlockview?id=0&add=0x538D8ddA10AA1785A1Fe7F995cE614c1b0EcA880&type=lplock&chain=BSC (dxsale.app/app/pages/dxlockview?id=0&add=0x538D8ddA10AA1785A1Fe7F995cE614c1b0EcA880&type=lplock&chain=BSC%22%20%5Ct%20%22\_blank) + +◼️Burn: 203,115,288,194,293 (burn tx - bscscan.com/tx/0x99e130ca801161ed01f43f90ac7c3284449104839bfc553e965b3faef03d0516 (bscscan.com/tx/0x99e130ca801161ed01f43f90ac7c3284449104839bfc553e965b3faef03d0516%22%20%5Ct%20%22\_blank) ) + +◼️Marketing wallet: (1% of total supply) +If interest rates are dropped into the red, we will then have to start paying banks to hold our money. Won’t this cause a panic where everyone tries to cash out at the same time, thereby causing banks to run out of money? Or am I missing something here? +..and you figured out how to spawn large amounts of money without putting in any labor, just simply \*clickity clackity\* on your keyboard. What would the *glitch* be? What is the IRL *shortcut to wealth.* +I’m going to let you in on a little secret that Josh Frydenberg doesn’t want you to know. T̶h̶e̶ ̶L̶i̶b̶e̶r̶a̶l̶ ̶P̶a̶r̶t̶y̶ ̶a̶r̶e̶ ̶s̶h̶i̶t̶ ̶c̶u̶n̶t̶s̶ By employing a few simple strategies you can make more money from lodging a tax return than you can in a year from your everyday career doing whatever the fuck it is you do when you’re not on Reddit. And the best bit is it’s perfectly legal, so much so that even [Kerry Packer](https://youtu.be/DBg7DnQjjcY?t=104) endorses this strategy, as it’s effectively maximising your tax return as much as possible. So without further ado here’s some effective tips for minimising your tax. + + +* Panic sell - An important part of every investor arsenal, the panic sell allows you to cash out at a substantial loss on a temporary downturn, thereby rendering a healthy capital loss which can be offset against your income. By selling out as soon as there’s a slightly negative market update you’re ensuring you don’t have to deal with the stress that comes with a slowly recovering stock. You also don’t have to log in every day to see Clifford the big red dog mocking you, [not that I’d know anything about that](https://imgur.com/a/ISx1KCd). Remember, you want to axe the losers at their lowest point as this is the best strategy for a good tax return. + +* FOMO into stocks - Being a bag holder is underrated and ‘profitable trades’ are fast becoming obsolete. By buying into a stock that’s gone up over 100% over the last week you’re almost certain to incur a loss when it comes time to sell, thereby netting even more of those precious offsets that allow for a bigger tax return. As an added bonus if you if you hold an unprofitable stock for 366 days or longer you get absolutely no capital losses discount, allowing you to construct a multi year effective tax minimisation strategy all from the comfort of your mum’s spare bedroom. Take that overpriced financial planner. + +* Buy crypto - Controversial, but hear me out. An important part of any tax minimisation strategy is to diversify your losses, thereby giving you the best chance to bank those sweet ATO gains. Look for meme coins that your Mum heard about on the Today show like Dogecoin, as it’s important to invest in something that has absolutely no practical purpose other than appearing in [Elon Musk’s tweets](https://twitter.com/elonmusk/status/1410519466518233089?lang=en) every time he chows down a pack of Adderall. Remember, casting the net wider and putting money into things you’ve done no DD on will almost always return a higher tax deduction. + +* DCA daily into VDHG - This strategy is for advanced investors only, so proceed with caution. By dollar cost averaging into the same diversified stock every day you’re creating hundreds of menial transactions that your accountant then has to input and track to establish if there’s a profit or not. But we know there’s going to be no profit here, as you’ve just spent $600 on an accountant, which is - wait for it - a tax deductible expense. It’s loopholes like these that allow the wrinkle brained class to rise to the top. [Ka ching](https://imgur.com/a/hvDYyiB). + +As the saying goes, you’ve got to spend money to make money. If you can execute an optimal strategy that ignores pro tax paying ideas such as earning more money you’re allowing your portfolio to run it’s natural course, and can sit back and watch as Josh Frydenberg delivers an annual subscription of returns direct to your bank account, tax free! Don’t be a virgin ‘giver’ when it comes to tax, be a chad and take back what you deserve by effectively maximising your tax returns for many years to come. +I rejected the idea of just buying XEQT for too long. I have been a stock picker for 10 years, so I guess I am getting old, and the volatility is only affecting me now. Now I have started DCA XEQT and I can't explain the peace of mind I have now. + +I am not against stock picking, but first, buy a good cushion of low-cost ETFs. At least 50% of your portfolio. + +These are my 2 cents, for your own mental health + +Edit: also for the simplicity of investing, and stop spending hours looking at charts for the magic stock that will make you rich. Enjoy what is left after stock picking. +In my country, France, we have a 35 hours work week. + +Bertrand Russel argued that there is a split between people who work a lot, and people who almost don't work at all. + +For employers, is it generally easier to have less employees do more work, since it's simpler to train them? + +I've heard there is a tendency for workers to be more and more specialized and focused on particular tasks, which mean they are hardly replaceable. Would that confirm the idea that specialization means longer work weeks? + +Does that mean it's more difficult to have a shorter work week? Does it mean workers should be more and more trained and educated? +Looking to make a little extra income as a side job after my full day gig is over and also on weekends. Was thinking of doing transcription, but not sure where to begin. If anyone knows of any legitimate part time work from home jobs that does not require selling items I'd appreciate it! + +EDIT: just wanted to say I am very overwhelmed by the amount of comments on this post. Please know I am reading each of your comments. Thank you all for your insight! I really didn't think this post would have so many ideas! +IMHO, no startup project needs 4 billion dollars to build their initial product. Even a supersonic passenger plane project (Boom Supersonic) expects to build their prototype for a mere fraction of the EOS raise. + +EOS will go down as the greatest heist of the Internet era. +Supplying this quote in response to the numerous posts on this subreddit, and others, asking the sub's "community" for their opinion on certain stock(s). + +While it may seem like an easy way to get a pulse on the quality of an investment, as Warren points out, it is absolutely meaningless. + +For example, I saw in this exact sub people hyping up $PSTH. And everyone in the comments fueled the echo chamber in thinking it was of great value.. when no deal had yet been finalized. For more experienced investors, you may already know to use ONLY YOUR OWN reasoning and not anyone else's. But for new investors, they may not know that so I would hate to see new people get sucked into the very real herd mentality on Reddit of upvotes and popularity. + +Lastly, I'll say this: please understand that Reddit is a forum aggregator that is solely designed to prioritize popular opinion and engagement ABOVE ALL. That is in no way helpful or productive in understanding facts or reasoning. (That knowledge relates to EVERY subreddit btw) + +So for new investors or investors who don't see a problem with asking others/receiving wisdom for specific stock opinions: there is no substitute for your own thought. None. And a way to prove the strength of your own reasoning is to ask yourself: would I be comfortable putting all of my parents' & grandparents' money into this stock for the next 5 years? +DW8 released a company update today, which showed a staggering 580% month over month (MoM) growth. Much wow, many impressive! + +Except they didn't achieve 580% MoM growth, they actually had negative MoM growth. + +**Here's what DW8 published:** +The Company is pleased to advise that WineDepot shipped a total of 23,006 cases in April, up 580% on the same month last year (MoM). In total 9,215 orders were processed in April up 350% MoM. + +**Here's the definition of month over month growth:** +Month-over-month (MoM) growth shows the change in the value of a specific metric as a percentage of the previous month's value. + +**So what does this mean?** + +DW8 have put out a report advising MoM is up 580%, which to your average retail investor looks amazing. Except it's a total fabricated lie. Whilst they haven't published the true month over month data (deliberately, it would seem) [their graph](https://imgur.com/JO2W549) shows that total orders processed was down from roughly 13,000 in March to 9,500 in April (down 27% MoM). Total cases shipped was down from 25,000 in March to 22,500 in April (down 10% Mom). + +Whilst this may seem like an innocent mistake, this is the sort of fundamental stuff you learn in year 10 accounting. Month over Month growth is one of the most important metrics that startups use to track user uptake, and more importantly, company valuation, as this is the sort of thing you then show to investors for your Series A, Series B or Series C funding when you're a new company. DW8 know what MoM means, they've simply published this update hoping that retail investors don't know what MoM means, and as such they can turn their -27% MoM into a much better looking 580% MoM (compared to last year). + +For a company that deals exclusively in the tech startup space this is nothing short of intentional fraud. If you went into a meeting with investors and told them you had 580% MoM and then showed that graph you'd be laughed out of the building. Caveat emptor for anyone holding DW8, as they aren't doing nearly as well as they pretend they are. Is it not scam dream? +Just a general query as I'm struggling for money. + +We both have a mortgage together, we share a joint bank account for bills and food but have our own separate bank accounts for our own finances. + +I'm a nurse assistant earning £19k a year and my other half is a software engineer earning £35k. + +I am struggling to save money since getting the house and have £500 to my name. We split everything 50:50 when it comes to the house, our bills and holidays. + +My partner on the other hand has £40k in savings and I don't touch his money. What's his is his. + +I've read that because I'm on a low income and have under £16k in savings, I might be eligible for universal credit. However as my partner has £40k in savings, they might refuse my application. Even though I don't have access to this money at all. + +Any advise? +Hello to ETH holders, + +Over 6 years have passed since owning bitcoin and not selling. Today I have decided to sell it all and purchase ETH instead. + +I regard the potential of ETH to be the highest of all other coins, that is why I decided to go All In. + +Some will think its very dangerous to place all eggs in one basket- but as of this moment, it is the only coin I believe in. + +Few minutes ago I have purchased 4,500 ETH coins valued in total: 10M$. + +**Why have I done this?** + +**1)** In my opinion Ethereum will reach a 1Trilion dollar market cap in the 2 following years, if not this year. + +**2)** Ethereum is much faster than Bitcoin and other coins, which serves immediate buyers and sellers. + +**3)** Ethereum 2.0 will bring a significant change for the better of the coin. + +There are numerous other reasons behind this investment as well. I will not detail them all here. + +As of this moment, my Upside Ratio on the coin is: 300%+ (valued 7,500$ per unit) which I believe will happen the following 2 years. + +I will post my position each month for 2 years on this post, so we can see the growth together. + +I wish anyone who holds much success. + +Please share this post so that others may see and take part in this coin. Together we will reach the moon and beyond. + +In the video below you can see my investment in my 2 binance accounts (+subacc). + +https://reddit.com/link/mywgid/video/tnz2anp3giv61/player + +https://reddit.com/link/mywgid/video/i6609vp3giv61/player +There's this amazingly innovative new company that's just had its IPO on the ASX. It's called Beforepay (not to be confused with Afterpay, Quadtpay, UselessStuffPay, DeathByConsumerismPay, etc). + +What services does it offer? Well, it let's you "access your pay early". It's certainly not a loan and there's no interest! So how do they make money, I hear you ask? Only a 5% transaction fee - which translates to a 79% compounded annualised interest rate (EDIT: probably incorrect to use this as a comparison. Not sure, my brain isn't working.). With rates that low, Beforepay is bound to attract only the highest quality borrowers and default rates will certainly be low. + +I know some people will say that this idea has already existed. They liken it to those brick-laden buildings with iron curtains over the windows you see in a movie scene shot in the dodgy part of town. "Payday loans" and "bail bonds" the signs read. Well Beforepay is definitely not a payday loan. Firstly it isn't a loan, let's make that very clear at the outset - it's "early access to your wages with a minor transaction fee". Secondly, Beforepay has a colourful app and is trendy (almost 4k instagram followers woot, woot!!) and hype. Checkmate haters. + +I should also add that the financials are incredible (though not that it matters in the Brave New World of 2022). In their latest FY year reports, Beforepay reported a whopping $4.5 million in revenue and only $18 million in losses. + +So you can see I was a little devastated and shocked when it declined from its initial valuation of $150 million to only $80 million. This company should be valued in the billions - AT LEAST. + +All jokes aside, I saw the previous post mocking beanie babies earlier here today. I feel like even those were more sane times. Also big middle finger to Beforepay and their predatory BS loans that they will swindle from youths, minorities, single parents and other vulnerable groups whose position in Australia has eroded beyond belief for decades. I hope Beforepay gets absolutely nuked to the ground by regulators. +Just a friendly reminder and should have an impact on where investors look now. Sources: +https://etherscan.io/txsPending +https://blockchain.info/unconfirmed-transactions +https://etherscan.io/chart/tx +https://blockchain.info/charts +I've been part of theta gang for a while and realize that people say that if you can beat the market or even make gains closer to it, then that's a great achievement because majority of the people can't do that. So if it's going to be so hard to consistently beat the market every year, then what's the point of thetagang, vegagang or any other trading strategy. Why not just invest your money in a ETF like VOO and just chill without having to actively monitor your trade or get stressed etc + + +Can someone please explain this. I'm super confused and curious tbh +We’ve all heard that CEOs aren’t paid as much as we think, and that their money is tied up in stocks. + +Elon musk recently propositioned to buy Twitter with money he would borrow using his stocks as collateral. + +So if he can buy things with his stock, why aren’t these loans taxed? +I got into a car accident last year, which reimbursed me 11k and the Canadian government recently announced that students will not be charged interests on their student loans until March 2022. Wondering what my best option is because I have enough to pay of the debt right now but I could make some money in the short term with it. However, I am leaning more towards paying off the debt. + +Edit* +I have purposely delayed my graduation because of COVID-19 to work internships while having my student status. I am currently working for Suncor Energy and expect to make 80k before taxes by the end of the year. I also already have a tangerine and EQ bank accounts, as such I can't do promotional 2% offers anymore. I plan on doing another intership somewhere abroad next year with the same salary range but thats if everything goes to plan for me. + +Update* + +I forgot about this but I'm from Vancouver, and the BC government has forgiven 1k of my loan for whatever reason. + +With that being said, I will most likely put 9k into VEQT, 1k into ethereum, and 1k into cardano and pull out early next year if I need the cash depending on my situation (I dont mind risk). + +To give you guys a better idea of my reasoning, here is my current financial situation: + +I only have the 9k* student loan debt with no interest. + +I currently have a 5k emergency fund with EQ at 1.25% + +15k invested in different stocks and 5k in a bond portfolio with questrade. + +13k in crypto currency which has 5% interest rate in usd. (My 1k investment into doge coin turned into 11k in 2 months) + +I additionally have other smaller TSFA and RSP accounts. + +I can also continue working with suncor and extend my student contract but I will most likely leave in December because I wish to work abroad and gain experience outside of the oil and gas industry while traveling. + +I appreciate all the comments guys! Let me know if you guys think I'm retarded or not with my idea. +Was in a discussion with friends about how much liquidity they would need to retire. One guy was adamant that you could live like a king on $1M in the US. + +He refused to do the math, but I reasoned he could pay off his house (about $300K) and have $28K/year assuming a 4% SWR of the remaining $700k. His salary now is roughly $120K/year, so he would have to make DRASTIC changes to lifestyle to live off that $28K. + +EDIT: Some more details, he has a family (4) and probably spends $50,000/year on expenses. He seems to think that his lifestyle would elevate indefinitely and he could stop working if he had $1M. + +He says that $1M is "life changing." I disagree. Who's right(er)? + +EDIT 2: The number of thirsty DMs asking for $1M is funny +*Suicide trigger warning* + +7 years of bagholder tears and still underwater. + +I tried everything, got pretty decent at TA and FA but suffered PTSD from all my historical losses so ended up self-sabotaging and second guessing myself. + +I remember introducing crypto to my friends. We invested in the same things before bitcoin got massive . The best thing about it was that they made 600k+ while I lost 35k. Go figure. + +I didn't fare much better with stocks. Bought multibaggers - except I sold them at a loss before they bagged. + +It fucking sucked to keep losing money. It was soul-crushing and gut-wrenching, made worse by the fact I could always spot opportunities but could never profit off them. + +In my frustration and despair, I considered suicide but decided life was much bigger than the ASX and crypto. Suicide might have ended my pain but it would have caused life-long pain for others who I care about. I'd miss hanging out with friends, giving my parents a hug, driving around in my shitbox and watching the sunset. + +No amount of money could ever replace nor replicate those experiences. + +Nevertheless, I want to congratulate those who have turned a consistent profit or a sizeable windfall. I wish you the very best and hope many more tendies come your way. Spend that money wisely and may it bring you joy. + +I'd like to believe that life is not measured in how much money we have but rather by the richness of our experiences, relationships with loved ones and health. + +But at the same time, it's so difficult in today's society to ignore the power of money with stagnant wage growth and rising asset prices. + +There's no correct answer here. No one wants to die poor. + +Now where are my instant noodles? + + +## Chapter 8 The Investor and Market fluctuations + +I am summarizing and updating “The Intelligent Investor”. If you have missed it here are the previous chapters: + +[Chapter 1: Investment vs Speculation](https://roiss.substack.com/p/lets-update-and-summarize-the-intelligent) + +[Chapter 2: Inflation and Investing](https://roiss.substack.com/p/lets-update-and-summarize-the-intelligent-5eb) + +[Chapter 3: Cycles and market psychology](https://roiss.substack.com/p/lets-update-and-summarize-the-intelligent-686) + +[Chapter 4&5: Portfolio policy and stocks for the defensive investor](https://roiss.substack.com/p/lets-update-and-summarize-the-intelligent-e3a) + +[Chapter 6&7: Portfolio policy and stocks for the aggressive investor](https://roiss.substack.com/p/the-intelligent-investor-portfolio) + +[Chapter 8 : The Investor and market fluctuations](https://roiss.substack.com/p/the-intelligent-investor-market-flucations) + +&#x200B; + +Warren Buffet calls Chapter 8 and Chapter 20 the bedrock of his investing activities underlining the importance of this chapter. In it Ben Graham explains market fluctuations in a small anecdote. + +You own a small share of the business. Your partner Mr Market tells you everyday what he thinks your share is worth. He offers to buy you out or to sell you additional shares. Sometimes his suggestions seem plausible justified by business developments and prospects. Often however Mr Market lets his enthusiasm or his fear run away and the price he proposes seem short of silly. If you are an intelligent investor you will not let Mr Market’s daily communication determine your view of the company. You are happy to sell your shares when he quotes you a ridiculously high price and equally happy to buy when his price is depressed. But the rest of the time you will be wiser to value your holdings based on full reports from the company about it’s operations and financial position. + +If there is one certainty in the market it is that your portfolio holdings will fluctuate widely. One can expect his holdings to go up or down 50% once in the next five years. An investor wants to take advantage of these fluctuations, but it creates the danger to start speculating. It is easy to write about not speculating. It is much harder to follow that advice when the enthusiasm and FOMO (Fear of Missing Out) sets in. + +### Market fluctuations as a guide to investment decisions + +There are two ways to profit from market fluctuations: timing and pricing. + +Timing is when you buy and expect an upward swing, while pricing is to buy stocks below their fair value and sell them when they reach that value. + +If you emphasize timing you it will only lead to speculation. No one can forecast the future. Analysts are more often than not wrong (look at forecasts for the years that had a market crash in them) but we get convinced that forecasts are important. + +Of course some people can make good money with market forecasting and “macro investing” (like Ray Dalio) but the general public won’t. Instead one can use timing as a psychological advantage. Every speculator wants to get rich quickly and most professional money managers get rated on their quarterly performance. The idea to wait a year is repugnant. If you have a long term outlook with good financial fundamentals that can be a huge advantage. + +### “Easy Money” + +If you spent any time in 2020 on social media you have seen them too: people who promise to make easy money with a stock picking system, formulas or an option strategy. It sounds great, but Ben Graham warns of those schemes: Any approach to money making in the stock market which can be easily described and followed by a lot of people is by it’s terms too simple and too easy to last. + +If you look at the returns of the best investors of all time Spinoza comes to mind: “All things excellent are as difficult as they are rare.” + +### Market fluctuations and the investors portfolio + +Day-to-day or even month-to-month fluctuations won’t make you richer or poorer. While a rise in the market brings confidence and a good feeling that can lead to overconfidence, enthusiasm and greed. Even for the intelligent investor it takes considerable willpower to keep oneself from following the crowd. + +If you listen to financial tv or are on social media you think investing is a sport or war game. But it is not about beating others but about controlling yourself at your own game. + +Often it is better to not look at the market quotation but just read the financial reports of the companies. Instead of thinking like a trader, one should think like a business owner. While speculators try to profit from market fluctuations you should just aim to acquire a company at a good price. Never buy a stock because it has gone up or sell because it has gone down. + +Graham summarized it perfectly: “The primary cause of failure is that they pay too much attention to what the stock market is doing.” + +### Business valuations vs stock market valuations + +What the stock’s value is should be based on its balance sheet and financial strength. However because of trading they are often seen as stock symbols instead of a business. That makes them more dependent on market movements and less on the business financials. + +Good businesses are likely to sell above book value and the better it's record and prospects are the farther it is removed from intrinsic value. It depends more on the changing moods of the investors. Loses of big companies are often due to a lack of confidence in the premium valuation that the stock market has placed. Graham advics to concentrate on issues that are selling at a reasonably close approximation to tangible asset value as they have more correlation to the balance sheet. Now a stock is not a good investment because it was bought at asset value and with the rise of software and more asset-light companies this advice shouldn’t be taken literally. No matter what, the company’s valuation should be based on reality and not on hopes and dreams. + +### Market psychology + +Humans perceive trends where they do not exist and we have tendencies to buy high and sell low. If you are aware of these biases you can keep yourself in check and can have great investment returns. The book called “Thinking fast and slow” outlines these biases and Charlie Munger gave a great talk about the human misjudgements that can definitely help to improves one's investing behaviour. + +https://www.youtube.com/watch?v=pqzcCfUglws +Before I began investing, I read a lot about the market. Bear markets, bull markets, technical analysis and fundamental analysis were all on my reading list. + +I invested my money at a point I thought was good (mistake, I should've DCA'd) and let it sit. + +I now see my mistake. But more importantly, I see why I learned from it. If I had put a smaller sum down, I would have learned the exact same lesson, but still had money to put in while the market moves sideways. + +My takeaway from this is that you should definitely DCA slowly if your a first year crypto investor. Trust this advice from somebody who bought at the top. + +Edit: What have I done +It surprises me that this point has not come up more often, or if it has, I have not seen it often. I am perplexed that congress would even consider this bill as it will obviously stifle innovation in one of our strongest economic sectors and hurt the overall economy. It has been said before and often, but the entertainment industry has failed to create a product that is worth the price they want people to pay. They refuse to adapt and innovate, and instead want the government to legislate artificial demand for a product that isn't worth the price they want people to pay. I know there are ulterior motives regarding censorship as far as our government is concerned, but I am not sure why economists are not howling and screaming about the damage our government is going to do to our economy by passing this bill into law. + +/r/economics, what are your thoughts regarding this and how can we more effectively emphasize the importance of the negative impact this will have on our economy? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Good time to sell into the upsurging market on Wall Street? + +https://www.cnbc.com/2020/03/30/coronavirus-job-losses-could-total-47-million-unemployment-rate-of-32percent-fed-says.html +The article: + +Bed Bath & Beyond Chief Financial Officer Gustavo Arnal was found dead on Friday after falling from a NYC building. +His death came less that two weeks after he was named in a federal class-action lawsuit for insider trading. + +The lawsuit claims Arnal and activist investor Ryan Cohen collaborated in a "pump and dump" scheme to artificially inflate the company's stock. + +The Bed Bath & Beyond Chief Financial Officer Gustavo Arnal, who was found dead on Friday after falling from the 18th floor of a New York City apartment building, recently was named in a lawsuit accusing him of fraud. + +The incident occurred less than two weeks after the executive, 52, was named in a federal class-action lawsuit on allegations of federal securities fraud, insider trading, and breach of fiduciary duty, according to court documents. + +His death also comes just days after Bed Bath & Beyond announced it is shuttering 150 stores and slashing 20% of its corporate staff. + +Arnal is cited in the suit along with activist investor and GameStop chairman Ryan Cohen, who the lawsuit claims collaborated with the CFO in a "fraudulent scheme to artificially inflate the price of Bed Bath & Beyond's publicly traded stock." + +The suit, filed in United States District Court for the District of Columbia on August 23, claims that Cohen and Arnal provided "materially false statements regarding the financial condition and holding situation" of Bed Bath & Beyond for their financial benefit. The lead plaintiff is investor **Pengcheng Si**. + +"The defendants, knowing that the information they disclosed was false, took advantage of the inflated stock price and used fraudulent and misleading SEC filings to sell all their [Bed Bath & Beyond] shares and options at artificially inflated prices to unsuspecting and innocent public investors and then retained control of the profits," the suit states. + +On August 18, both Arnal and Cohen sold shares of the company, with Arnal selling more than 42,000 shares for an estimated $1 million, and Cohen selling the entirety of his 9.8% stake through his firm, RC Ventures, causing shares to plummet. + +The lawsuit claims Cohen — who is also the co-founder of Chewy and chairman of GameStop — approached the CFO about his "pump and dump" scheme in March 2022, and "convinced Gustavo that their plan would be a mutually beneficial one." + +"Under this arrangement, defendants would profit handsomely from the rise in price and could coordinate their selling of shares to optimize their returns," the lawsuit states. + +Arnal allegedly worked with JPMorgan, which is listed as a defendant in the suit on claims the bank "aided and abetted" the plan by "enabling Cohen to use JPM's accounts to effectuate such transactions and otherwise launder the proceeds of their criminal conduct." + +The lawsuit further notes Cohen's involvement in similar plans, such as elevating GameStop to "meme stock" status. + +"Cohen has historically employed pump and dump schemes to raise much needed capital and has ignited several meme stocks to jaw-dropping heights," the lawsuit states. + +Spokespeople for Bed Bath & Beyond and RC Ventures did not immediately respond to Insider's request to comment. + + +**TlKl** Launched last night . The first **Fully automated 10% BNB redistribution token on BSC.** 🤯 + + +"I am bringing this project to everyone who wants to listen, this is from the same guy who told you to buy EclipseToken at 1M marketcap - x180 afterwards." + +**Tech is the edge.** Nobody else cracked the auto-claiming. **Every 60 minutes, you get paid in BNB** 🔄 + +&#x200B; + +Devs added **100 BNB from pocket into LP POOL** \+ LOCK. You can guess the team’s commitment in this project. + +**PREMIUM Audit** is paid for. HASHEX.ORG , not your average shitcoin audit. + +Marketing team is also great, big marketing has not rolled out but yet TG is **6k organic members** and waiting investors. **+ 1.5K in Discord**. + +The bigger the bag, the bigger the redistribution. It incentivize HODLING so we can expect a great price action. + + + Massive marketing budget ! Big marketing connections on crypto platforms are going to be announced in a few hours 😉 + + +**DYOR and get in now !!** + + +**After just 16hours, there are 6000holders and it's LP is over 1.5m ,with a cap goal of over 100m !** + + +**Audit -** Hashex [https://twitter.com/HashExOfficial/status/1405607395183714311?s=20](https://twitter.com/HashExOfficial/status/1405607395183714311?s=20) + +**Whitepaper and tokenomics-** [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + + +**Discord :** [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) + +**Telegram :** [https://t.me/tikicommunity](https://t.me/tikicommunity) + + +**Website :** [https://www.tikitoken.finance/](https://www.tikitoken.finance/) +This is why we absolutely made the right call telling MSM to fuck off. And the mods LISTENED! The antiwork crowd voted no too but the difference is the mods disregarded it for a chance to feed their egos and have a moment in the spotlight. They became exactly what they claim to be fighting against. And look what fuckin happened.... + +That could have been us.... + +That could have been us. Had we not had the right people in charge. + +Thank you mods. We appreciate you +I'm afraid to post this right now RIP my karma, but eToro does not have 1.3M shareholders. + +I don't think this is a FUD campaign, but the sub will be sorely disappointed when the flaw in calculations is revealed. As such it misinformation should be treated as FUD. + +eToro's metrics are based on **funded accounts** not all registered users. It makes sense if you don't have money in the account you can't hold GME. + + +EDIT: source https://marketing.etorostatic.com/cache1/pdf/eToro-Investor-Presentation.pdf + +EDIT: We may have gave the PDF source the ol' Reddit hug ☠️ screenshots and verification floating around in comments. + +EDIT: Chat with a rep confirms that these metrics are using active and funded accounts https://imgur.com/a/QDij2Wo (I am not the primary source for this screenshot.) + +-- + + +6.5% of eToro Users hold GME + + +On 2021-01-31 1.2M of 20M eToro users had funded accounts. + + +We can assume that the 25M registered users is accurate, and the same ratio. Gives us the ~96,000 GME apes on eToro. + +EDIT: some more coroborating evidence here stating 96,600 shareholders if anyone can verify https://www.reddit.com/r/Superstonk/comments/npc9n7/when_you_purchase_gme_on_etoro_it_states_that/?utm_medium=android_app&utm_source=share + + +If eToro has 1.5% of all shareholders then 96,000 / 0.015 gives us **6.4M total share holders worldwide.** + + +**We still own the float at 10+ shares average per** 🦍 + + +-- + +We need to be sure to not spread information that over hypes our community. Newer apes my be disheartened by finding that the estimate is an order of magnitude off. That's a significant mistake that must be stymied at the outset. + + + +Let's make sure we encourage fact checking and avoid all of the verifiably false information. + + + +This kind of misinformation is easily invalidated by way of giving a little more effort to the calculations. + + +I'm all for letting us get hyped, but let's get hyped over real news and real numbers. Like the fact that GME shareholders could easily be 6.4M worldwide and given some estimates hold and average of 14 shares per account. Which means we are almost certainly over the float with retail alone - nevermind, institutional diamond hands. + + +Funny metric is that if there are 6.4M shareholders then at 10 each that's already 100% of the float at 14 per account that's come from some brokers that puts us back at 140% 🤣 + + +-- + + +Look at all the top posts right now: + +https://www.reddit.com/r/Superstonk/comments/np4wwu/etoro_got_their_15_of_all_gme_holder_straight/ + +https://www.reddit.com/r/Superstonk/comments/np7vfd/etoro_leaking_that_they_have_134_million_gamestop/ + +https://www.reddit.com/r/Superstonk/comments/npani2/some_calculations_using_the_etoro_numbers/ + + +EDIT: added a bunch of stuff to get to the 2000 char count for DD + +EDIT: ~~some disagreement on the definition of funded account, getting to the bottom of it.~~ + +EDIT: eToro does not offer a Funded Account program - they are talking about accounts with funds. The verbiage is vague - at the end of the day the math checks out. As such the DD in this post is validated. +“Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it.” - Albert Einstein + + +this is a great calculator with chart - [https://www.hdfclife.com/financial-tools-calculators/compound-interest-calculator](https://www.hdfclife.com/financial-tools-calculators/compound-interest-calculator) + + +# Example One - Ajay, 23 years old, just started a job of 40k rs per month, no previous savings or investments. + +Lets say Ajay starts a modest SIP of Rs 4000 per month. He lives in bangalore which is a high cost city. + + +for the next 5 years, he pays the same Rs 4000 / month even if his salary increases. He expects to withdraw this amount at the age of 70. + + +He will stop paying any amount after the 5th year and let the compounding do its magic. + + +So, Rs 4000 / month SIP, 13% annual returns, 70-23 = 47 years of investment time, 5 years of SIP payments. + + +After **47** years, his investment of **₹ 2.40 lakhs** will grow to **₹ 7.74 cr (at 13% pa).** + + +If he has a house paid off by then, hopefully 7.74Cr in 47 years would be worth something. + + +# Example Two - Rahul (not Gandhi lol), 40 years old, Software Developer, earns 25 LPA, married and two kids. + +Rahul is currently paying the home loan of his fancy apartment and a new car. His wife doesnt work anymore and after paying for the school fees of 2 kids, he is left with Rs 30k / month. + + +He currently has a Fixed Deposit of Rs 10 lakhs fetching him a measly 6% per annum. He never invested in stock market because of his father's beliefs. + + +So now he wants to start an SIP of Rs 10k per month and put a lumpsum deposit of Rs 10 lakhs. this 10k / month SIP will be payed for 20 years. + + +He will encash at age 60 (20 years investment duration). + + +So at 13% pa, at the age of 60, he will get **2.47Cr**. had he NOT put the initial deposit of Rs 10 lakhs, he would be looking at just **1.15Cr**. + + +# Example 3 - Mukesh, 21, is a auto driver in Mumbai. He earns Rs 40k / month. His family is in Bihar and is recently blessed with a baby boy. + +He sends all his savings to Bihar and his family spends almost all of it. They have a bank account but don't have any FDs. Gold and Village land is the only savings they have. + + +Mukesh learns a lot by reading Hindi Business newspapers and ferrying customers near dalal street. He dares to ask questions to his riders about mutual funds and other savings options. Some of his riders give genuine advice, some just laugh at him. + + +Mukesh also knows that without english education and good quality schooling, his son will meet the same fate as him. So he decides to setup a modest SIP of just Rs 1000 / month in his son's name. + + +He decides that he will pay these SIPs till his son is 18 years of age and then let his son pay those EMIs for the rest of his life. + +With no initial deposit, Rs 1000 / month SIP, 13% pa, 18 years payments, his corpus grew to 8.63 lakhs after 18 years. Not a lot of amount. + + +His son stopped the SIP payments at age 18 and soon forgot about his father's investments. + + +After many years, at the age of 60, Mukesh's son rediscovered his father's SIP investment which was stopped when he turned 18. This corpus has now grown to **19.71Cr (at 13% pa)**. He couldn't believe his eyes. + + +Had he continued the SIP payments from age 18 to 60 of just Rs 1000 / month, he would be looking at **Rs 21.83Cr**. Not a lot of increase. +Had a breakout year in our business last year. This is the most exciting and depressing milestone I feel like celebrating and crying all at the same time lol... + +Does everyone pay extreme amounts like this and just not talk about it? Or am I doing something wrong here lol +Q: After you onboarded BCG, what were the first signs that put up your red flags? (u/EternalEight) and Q:Who's decision was it to hire BCG and how did they know about/decide to use BCG? (u/Arkayb33) + +A: To be clear, I did not onboard BCG. My Grandpa (also Bill Pulte) retired in 2009. After that, then-CEO of PulteGroup, Richard Dugas, hired BCG to help him with strategy. Dugas had done a stupid deal in buying Centex Homes (top 3 USA homebuilder) and was struggling. So he brought in BCG. I think it was a big mistake that only made things worse. Fast forward to 2015/2016 and that’s when I got involved to get the BCG-led strategy OUT and Dugas OUT of the company. In my opinion, I think there are still BCG supporters/people/agents inside of PulteGroup Inc, and this keeps me up at night. We were able to get rid of many board members who supported the BCG strategy. Not just because we had to remove BCG's failed strategy (in my opinion) but also this Dugas guy, but because Corporate America is an “old boys club” who supported the BCG strategy and Dugas, they thought I was disruptive, which I was. Disruptive is good, and our stock grew 30%! + +Q:How did you come across RCs tweet about BCG? How much did you know about RC prior to this? (u/JohnnyMagicTOG) + +A: I saw the tweet, had heard of Ryan Cohen from people who knew him and liked him, and figured, why not share my experience. I didn’t think it would lead to what it did. Somewhere in my brain I saw the tweet from RC and I thought, “Damn, BCG wants money like they wanted money at PulteGroup, but in my opinion they didn’t deserve anything for their so-called value creation, which my grandfather used to call “value destruction” (source: [https://www.prnewswire.com/news-releases/pultegroup-nysephm-largest-shareholder-and-founder-530-million-of-cumulative-losses-over-12-years-time-to-replace-richard-dugas-300249116.html](https://www.prnewswire.com/news-releases/pultegroup-nysephm-largest-shareholder-and-founder-530-million-of-cumulative-losses-over-12-years-time-to-replace-richard-dugas-300249116.html)) + +\*\*\* + +Q:You mentioned that bad executives hire consulting firms like BCG. Have you seen instances where executives/board members were placed in a company by large investors, who then go on to hire these firms and or “bust out” the company from the inside? There are 3 examples that come to mind which have been researched extensively in this sub: + +1. Former GameStop CFO Jim Bell is believed to hire BCG, as well as ignore Michael Burry’s repeated requests to buy back stock when it was trading below $4. +2. Theater company’s CEO ties to Apollo Management, and their acceleration of debt via corporate bonds while diluting shareholders and allowing executives to cash out. +3. Finally, we are seeing Ryan expose the BBBY execs in real time. I have a post that highlights Macellum Capital placing people there who have hired consultants and take insane compensation for themselves. + +There are many bankrupted companies we believe suffered from this as well. Many connections have been tied to Bain Capital and the destruction of retail stores over the past decade. Appreciate your time! + +(u/jango_bets) + +A: Without disclosing confidential information (legal), I can say that I have heard executives of other large companies who have used them, and when the executives would tell me about it, I would think, well you aren’t a very good executive if you relied solely on their strategy to drive value. + +\*\*\* + +Q:Regarding the housing shortage in the US and other countries, what are your thoughts on investment institutions like Blackrock buying up the supply of houses and driving up prices? Have you heard of anything in your circle to prevent this and put the power back in regular homeowners' hands? Edit: What is/was Pulte Group's/Pulte Capital Partners LLC's involvement Blackrock/James Grosfeld and is Blackrock still a large shareholder? Add on to this question from [u/wookiecookiees](https://www.reddit.com/u/wookiecookiees/): This is especially pertinent considering James Grosfeld, the Independent Director of Blackrock, was the former CEO and Chairman of Pulte Homes. Does he still reside on the board and how much influence does he exert? [https://www.reddit.com/r/Superstonk/comments/u07ofm/ama\_questions\_for\_urealpulte\_pulte\_submit\_now/i44mfck](https://www.reddit.com/r/Superstonk/comments/u07ofm/ama_questions_for_urealpulte_pulte_submit_now/i44mfck) (u/colonel_wallace) + +A: In my opinion, there needs to be a legit company needs to come in and offer fair, affordable rent. And perhaps allow people who don’t qualify for a mortgage to be able to, over time, and fairly, buy into their home that they are renting. I don’t like that shelter (as I think of it from a philanthropic standpoint) has become like a portfolio where these big groups just pass whatever rent increases they want on to people. We do not need more predatory landlords. As for Jim Grosfeld, he is not currently on the board of PulteGroup, has no influence (to my knowledge), and has no relationship with Pulte Capital Partners LLC. Further, my understanding is that Blackrock owns all the major homebuilders and many public companies, and based on my knowledge and belief, I do not think there is any special relationship between them and PulteGroup Inc. Their filings indicate a solely passive stake, which as you know is traditional for these large ETF holders which often own them on behalf of consumers, pensions, or other LPs. + +\*\*\* + +Q:How did BCG come to help Pulte homes? Were you solicited? Did they send a proposal? Who initiated contact and how did they come to "help" Pulte? What was the cost, or was it based on future revenue like they are trying to claim now? (u/SorryHadTo) + +A: The Failed and Bad CEO Richard Dugas from PulteGroup was the one who hired BCG, and this is the same guy that my grandpa and I had removed from the company in 2016. Frankly, we tried to eradicate most of the Dugas Regime, not just BCG strategy from the company, but as many of the Dugas-trained that we could. In my opinion, Dugas didn’t care about the employees, stupidly moved the headquarters from Detroit to Atlanta for no reason and which laid off a lot of employees, etc, etc. + +\*\*\* + +Q:What are the key promises and practices described in an open contract with BCG? (u/Bluemond) + +A: I don’t know the answer to this question as I did not hire them. + +\*\*\* + +Q:Why was BCG hired when your company was #1 and doing well? What was the motivation and desired outcome? (u/ManliestManHam) + +A: Then-CEO Dugas had recently acquired a company Centex Homes, which was a bad deal. I spoke about this in 2016 on CNBC. I think that Pulte struggled after that bad deal, and thus Dugas searched to bring BCG in. Here is a link to me discussing the Dugas Regime and their Centex deal. My Grandpa was exiting the board as Dugas was doing his Centex deal. [https://www.youtube.com/watch?v=UhrqjgGS9rI](https://www.youtube.com/watch?v=UhrqjgGS9rI) + +\*\*\* + +Q:Did BCG ever get involved in any Pulte litigation in an advisory capacity? Did BCG ever get into a fee dispute with Pulte? And, thanks for bringing some attention to our quest. (u/justanthrredditr) + +A: Not that I know of. + +\*\*\* + +Q:What do you believe needs to happen to put a stop to the predatory behaviour by expensive consultants such as BCG? (boxxle) + +A: I think they need to be exposed. Sunlight is the best disinfectant, and you guys are well on your way toward doing that. + +\*\*\* + +Q:Looking at BCGs history and involvement in everything from ENRON to SEARS, Blockbuster etc. would the summation be that BCG is potentially part of something a bit more nefarious? (u/Hopeless_Dreams713) + +A: I don’t know. When I was on the board of PulteGroup from 2016-2020, I was a bit disruptive in that I did not want BCG back in the building. In my opinion, many of the Dugas-era board members disagreed with me, as they liked BCG, as you can imagine. + +\*\*\* + +Q:Have you read BCG's court filing against Gamestop? What are your takeaways regarding it? Some of their wording, specifically regarding deliverables and vague projections, seem so far out there - I cannot believe they can prove that some hypothetical revenue generation is somehow worth 30 million dollars. Especially, given they have such a notorious track record of "failure" (likely intentionally). + +Would love to hear your thoughts. (u/Scarethefish) + +A: I skimmed it. In my own opinion, it seemed like garbage. RC, I guess, would call it .. poop? + +\*\*\* + +Q:Do you think the bucks stops at bcg? Ex; we obviously know about bust-out schemes with Bain capital and Goldman Sachs. There is serious speculation the judge overseeing the GameStop v bcg case is corrupt. In my opinion this feels like a private equity takeover (consultants draining liquidity of company, giving bad info - plant board members getting shit consultants in the mix to begin with, citadel securities and virtu abusing their market maker privileges to dilute the float by naked shorting and bankrupting the company, private equity to either swoop in and save the day or let the assets die off and stay cellar boxed). + +I’d like to hear your thoughts on the hostile takeover playbook. (u/Independent-Ad4660) + +A: I think that these networks amongst these big companies are interwoven and need to be watched. Just look at the alumni of these organizations and where they go to work. One of the things I respect about My Grandpa and RC is that they are Entrepreneurs and Founders. In other words, they don’t have time to play games with these types of characters (generally speaking). + +\*\*\* + +Q:You do a ton of donations from your Twitter account to random folks in need. Im sure you get criticism for it, but I think overall it’s a net-good: you are helping people who wouldn’t otherwise receive help — but it also exposes some of the lunacy of our current economic and financial system. Would you agree it is not just crazy, but also objectively inefficient and unsustainable, that thousands of people have to beg a stranger for money to meet critical needs, and only a handful are randomly selected? And that those people shouldn’t be put in a position to beg, and it shouldn’t fall on individual acts of kindness like yours, to slap a bandaid on the issue? + +How would you feel about systems that integrate ownership and empowerment from the ground up? Where people can invest in their own economic wellbeing, connect with the people and businesses they believe in, and have an actual effect on the economies they choose to participate in? Where the type of philanthropy you are effecting now could be multiplied across millions of newly empowered folks who each want to collaborate and pay it forward, sideways, and back? If we told you all of that is at the root of what Ryan Cohen and GameStop are trying to do— not just with shaking off the mind-numbing assortment of manipulative tactics in the legacy equities market, but in developing an entirely new platform in web3 where investors will experience new levels of ownership, empowerment, and agency — would you be interested? (u/Osgiliath) + +A: A lot of good questions there. I think Bitcoin can solve a lot of poverty. I also think that we are in the beginning stages of technology and learning how to better use technology to address the needs of the most poor as well as those in critical condition. To be clear, when people go to a soup kitchen or traditional charity they ask (your words, beg) for money or resources. This asking is nothing new but is what is required to understand the need that people have and hopefully solve that need by providing a solution to that need. At Twitter Philanthropy, we do the same thing as the local soup kitchen, or the local church who helps someone in crisis, but we just do it faster and quicker, and I think that is what you are reacting to, imo. At Twitter Philanthropy, our basic focus is to help people in immediate need or crisis. For example, we utilize Twitter Philanthropy raise money for the 7 year old who died in Detroit after being attacked by dogs ([https://www.detroitnews.com/story/news/local/detroit-city/2019/08/20/detroit-millionaire-funds-funeral-girl-fatally-mauled-dogs/2064495001/](https://www.detroitnews.com/story/news/local/detroit-city/2019/08/20/detroit-millionaire-funds-funeral-girl-fatally-mauled-dogs/2064495001/)), or to raise money for a lady with disabilities who lost her van in a tornado ([https://www.gofundme.com/f/nashville-family039s-special-needs-van-destroyed](https://www.gofundme.com/f/nashville-family039s-special-needs-van-destroyed)), I could list you so many of these crises we help with on a daily basis. You should check out twitter.com/teamgiving to see how we help people throughout the day there using my main channel @ pulte . Without our direct approach, these needs would still be there, left unattended to, you just wouldn’t see it. Part of our mission is to also raise awareness as to how much the government is failing to take care of people despite having large funds to do so. I hope this helps answer your questions. + +\*\*\* + +Q:Bill, it's so important to have big players such as yourself involved with movements like this. It's often not enough to have the voice of millions crying out. It seems sometimes you need someone with millions. Your influence could be instrumental in us achieving our goal of financial market restructuring, should you choose to weild that. But first, I think it's important to educate yourself on the manipulation abroad that has been uncovered here. We cannot speak for one another, but we do collectively know that these markets need to be set up in a way that benefits everyone interacting with it, instead of just a few. If that's something you agree with, then let me ask: + +How do we reach people in a way that legitimizes our claims and pushes through the mainstream narrative? (u/resplendentquetzals) + +A: I think recognizing who is for real and who is using the movement. I do think that if someone is real, that we should make sure to not scare them away. You asked, so I am giving you my honest feedback. + +\*\*\* + +Q:Would you be willing to share some tips and tricks about philanthropy and perhaps the process of how you choose (or don’t choose) who gets money? It’d be a great help for everyone here, we all just want to make the world less shitty. (u/MapacheInATrenchcoat) + +A: First you gotta make money so you can help people with money. Once you have that, then you can take care of others. This isn’t to say you can’t help people with no money. You can smile at someone holding a door (cheezy I know) or do some things that cost no money, and it helps others and yourself. But, you got to take care of yourself before you take care of others. Otherwise, it will be an endless stream of disappointments and you actually will limit how many people you can help. + +\*\*\* + +Q:What predatory methods or ideas to destabilize your company did you notice BCG was doing? What was the play by play for a “consulting session”? (u/PM_MILFS_PLZ) + +A: I can say that based on public information, that BCG in my opinion has no clue about homebuilding. And so when they come at things from that perspective, they are immediately set up to fail. Then, factor in that they make their money through consultation fees, and pretty quickly you can say, why the hell am I working with these people? This was my view when I was on the board of PulteGroup, and before hand when I led the kicking out of Dugas as CEO. + +\*\*\* + +Q:How is BCG related to the problems with Pulte Homes? It appears that Elliott Management (Paul Singer) was the group that was directly involved with the bad advice/planted ceo. Were you speaking in general about corrupt consulting groups or is BCG involved somehow? (u/GOPuhleeze) + +A: Believe it or not, Elliott helped remove the Bad CEO who initiated the BCG strategies. Elliott is for sure tough, but in the case of my grandpa and I investing alongside Elliott, they really did help. I guess not all organizations fail all of the time. + +\*\*\* + +Q: When you read about companies hiring these big consulting firms, there's usually considerable overlap - hiring both BCG and McKinsey, for example. In your opinion, are consulting firms working in unison? If not, what's the purpose of hiring two seperate, expensive consultant firms for a single project? (u/missing_the_point_) + +A: I think the whole thing is an interwoven web that needs to be watched very closely, because in my opinion and experience, if you aren’t watching them close enough, their strategies can lead to bad decisions. +Please head on over to r/amcstock and witness a true level of delirium. + +Context: the whole group of AMC buyers have been convinced that by the stock finishing above $8 (it finished at $8.01) that they’ve automatically initiated a short squeeze that will “get the stock to around $1000”. Their logic? They think that because 111,000 calls expired in the money today, that Monday there has to be 11,100,000 shares purchased. I tried telling them that that’s not how it works at all but they won’t listen. + +These guys are celebrating like they just won the lottery when their stock lost 3% for the day. Nothing makes sense anymore 😂 +Edited: I realized the past year I spent a ton of time looking at option chains, monitoring positions, and hoping to collect premium every month. Learning all the basic technicals as well. Only to have my gains for the past year mostly wiped out just recently. The time, effort, stress isn’t worth it. Also the impact on work and how much time I spend all day and night looking at it. Moving all my funds to target funds and going to set it and forget it. + +It was fun to learn, but not worth the physical toll. Best of luck to the rest of you. +We are getting bids on building a 5k sq ft house in a flyover Midwestern city (population = sub-500k). They are coming back at $300+ per sq ft. + +Including the lot and landscaping, we’ll be pushing $400 sq ft. This is almost 2x of what I was hoping to spend. + +What are new home construction costs in your area? +I was recently talking to my dad about finding stocks that payout dividends and he told me that stocks usually payout 15% dividends, but said that 7% payouts would be pretty good for now. I went to check and saw that a lot of popular stocks have a dividend yield of 0.10%-3% , and stocks with a yield closer to my dad's estimates seem to be companies which stock value have been going down. + +So i wanted to know if dividend payouts at this amount is normal? +Looks like a record fine for JPMorgan Chase who is accused of manipulating the precious metals and treasuries markets. + + +"The order finds that, from at least 2008 through 2016, JPM, through numerous traders on its precious metals and Treasuries trading desks, including the heads of both desks, placed hundreds of thousands of orders to buy or sell certain gold, silver, platinum, palladium, Treasury note, and Treasury bond futures contracts with the intent to cancel those orders prior to execution. Through these spoof orders, the traders intentionally sent false signals of supply or demand designed to deceive market participants into executing against other orders they wanted filled. According to the order, in many instances, JPM traders acted with the intent to manipulate market prices and ultimately did cause artificial prices." + +Sources: + +https://www.cftc.gov/PressRoom/PressReleases/8260-20 + +https://www.cnbc.com/2020/09/29/jpmorgan-chase-to-pay-920-million-to-resolve-us-investigations-into-trading-practices-.html +At the beginning of the year I lent my friend quite a sizable figure of £xxx. We agreed it would be paid back after a couple of months. +The reason for the loan was because he was having cashflow problems. So, me being my good self thought this was a generous & kind thing to do, and would help him out.... + +Well it's now fast approaching the end of October and he's still not paid me back. I've asked 6 times all in all for him to kindly reimburse me which started after 2 months of the initial lending date. + +The frustrating thing is he has been flush with cash for months, and this is apparent as he's taken numerous family holidays, purchased a new car, now has a gardener and cleaner, even a new gaming laptop! + +My question is- what is the best way of getting this loaned money back? +One of the most concerning aspects of the current market crisis is this [chart](https://s3.amazonaws.com/blackrockblog.com/content/uploads/2019/09/BBB-bond-share-of-corporate-market.jpg). Almost half of the investment-grade corporate debt is BBB-rated and just one step over the non-investment grade. + +Coronavirus was an unexpected event that shook the markets and triggered huge sell-off and dislocations, however, the actual effects of the slow-down are yet to come. Once BBB-rated corporate bonds start losing their investment-grade status, liquidity will dry up for these guys. +I open the sub today to people wheeling millions in apple, selling real estate or second mortgaging their home to open option trades. As of tomorrow morning, it's time I run down my premium outstanding by 50%. I currently have about 250k premium float outstanding and will not be opening or rolling anything until I get it down to 125k. Y'all are scaring the shit out of me with these posts. + +Have a great weekend! + +(edit:Thanks for the rewards y'all!) +I've had office jobs at four different companies in Sydney and at each my contract said 38 hours but I was consistently expected to work much longer hours without being paid overtime. + +Is this legal? Why is this such common practice? +Let's assume you developed an algorithm that makes a steady 20% (part backtesting, part forward testing) a year on stocks. How would you monetize this knowing you don't have a lot of money to spend? + +What would you do? + +Myself, I see a couple of options: + +1. Start an investment fund and gather money from people to invest. Downside is, you need to manage a lot of assets (3m+) before you make enough to make a living and you'll need a bag of cash to cover all costs involved in founding such a firm. +2. Use it to invest yourself. Could be very lucrative but if you start with 10K savings money and make 20% a year it takes a very long time before your net worth reaches a respectable amount. +3. Create a trading signal service and sell the decision of your algorithm to other people. +4. Try to sell the algorithm to some investment firm as a one time sell. +5. Any suggestions? +I've been investing for a couple years. Most of my stock picks have been large cap companies, lots of tech and consumer products. I follow trends, buy the dip, yadda yadda. + +About a year ago I started putting extra money into ETFs. For those, I have focused on tech heavy funds, clean energy, next gen stuff- all Vanguard or low cost funds. Now that my portfolio is split evenly between individual stocks and ETFs, I've noticed a surprising trend: + +My ETFs beat my stock picks almost every day. Today is a great example- in a mixed market, my individual stocks are (collectively) down -$195, but my ETFs are (collectively) up $110. And it is like this fairly consistently. On a good day for the markets as a whole, my ETFs are always beating my stock picks. Sure, there are times I have an individual stock that might pop and outperform my ETFs, but more regularly, my collective stock picks rarely outperform my collection of ETF picks. + +I guess I am just saying that I am done trying to pick the next winning stock, spending my valuable time pouring over charts and digging through the news for rumors. I am liquidating my individual stocks and dumping it all back into my ETF picks at the next market dip. + +[edit] SO MANY PEOPLE asking what my ETF picks are. I am not a financial expert, so I don't claim that these are the best, but I have: VGT QQQJ VOO SCHA ARKK and VBIX (which is a mutual fund, not an ETF). My plan is to add some crypto, maybe another ARK, and at least one ETF that focuses on low volatility to hedge against a falling market. +So, what is the bear case here? I know we have to worry about Chinese companies lying about their financials(luckin), I know there may be a worry that the US could ban Chinese companies on American exchanges until they face US audits. + +Is there anything i’m missing here? From my perspective, it looks like BABA is the greatest deal in the market right now. + +Much love ✌️ + Seems to me that this re branding and Metaverse hype is really just an attempt to drive attention away from the recent confirmation that FB is actually horrible for our societies. Trying to keep the stock buoyed while deflecting. I've never been a heavy user of FB, always found it creepy, but I bought the IPO and bough more when it dropped to the $20 level. Been holding since. Now, I'm thinking of selling. It's been a good run for FB but their user base isn't growing with younger people and frankly I'm not sure I want to be invested in a company that is so blatantly bad for humanity. FB is on the verge of becoming like Philip Morris and listening to Zuch today... (he's just so insincere & unlikable) it's clear that neither he or FB is interested in addressing the issues. Not to mention the Metaverse is 10y out. I'm disappointed in this company and to quote Kramer (ya, I know) re. the recent FB news “This time just feels different.” +Let’s say you maxed it out and it’s doubled from the 75,000 to 150,000. You want to pull that out to buy a house. Would you be able to put 150,000 back in the following year or only the 75,000 you started with. Essentially can you grow your contribution room as well? +First I’d like to thank Warren Buffett before the end of 2021. The man not only built a lasting empire but he illuminated the way for many other through his philosophy and wisdom (along with Charlie Munger). + +I noticed often people talk about Warren Buffett in a “has been” manner yet think of DCF and CAPM as modern inventions that alluded Buffett. They say that his time in the sun is over and with that his teachings are now archaic. Some say that he has turned into an index investor and while others mock those that try to become value investors these days. Often those posts and opinions are downvoted on this sub but elsewhere they thrive because people don’t get it. + +I think people have this idea that Warren was teaching a specific way of investing, like it’s a trick that when you learn it you know the holy grail. Others have gone on to finance and MBA schools and they’re taught case studies after case studies of market efficiency and they believe in what they have gone in huge debt for. There’s a real emotional struggle to accept an out-dated philosophy vs the Greeks and EBITDA taught in modern schools. When you have to pay off that debt every month, that’s a reminder that you should carry on the school’s thinking instead of abandoning it for something accessible to the masses. + +I understand as I am also that person. The reason why I am thankful to Warren is because he ignited a passion in me for learning about individual businesses and what makes them run - economics of the business ; he talked about taking emotions out of the market and putting emotions into your due diligence of price vs value; he talked about value beyond the quantitative factors but at the same time made a fortune through just the quantitative analysis. Finally, he preached what he practiced and so he showed me the importance of discipline by sticking to a tested strategy and sitting on his ass just catching up on reading voraciously to further his due diligence. Basically, he didn’t teach me any formulas, he didn’t teach me any particular discount rates, he didn’t teach me portfolio allocations, he didn’t teach me the right from wrong. He taught me how the anchor of “Value” is the best possible way to analyze a business, stock, real estate, school, job, career, family and so on and so forth. + +The man is getting older but I believe he has paid back humanity by sharing his wisdom and philosophy; and illuminated the way in the age of “opinionated, theoretical and hypothetical” excess knowledge that stops you before you even get started. +correct me if I'm wrong but so many people respond to "what's your thesis?" with its cheap + +and what? okay you searched a stock on Finviz with inputs of <5x P/E, BV>P and? umgh if the only definition of Cheap is low P/E than on a P/E basis imma introduce you to FAANG enjoy! + +ask yourself: + + its cheap compared to what? + + why cant it go lower? + + how is your downside protected? + +why will the price go up? +I live in a city where there is an income tax rate of 3.79% I know money comes out for my retirement and for healthcare and whatever else. This just feels extraordinarily low to only be taking 32k home after all that if my salary is 47k. + +I just got a raise to put me at 50k. I don’t think that will change much. I’ll have to figure out where all my money is going. I know you guys can’t help unless you see a pay slip. Is there someone I can talk to about this to make sure I’m not missing out on money? +[I believe this is the study I'm referring to.](https://www.jstor.org/stable/10.1086/421169?seq=1) Was this study received as a revelation? Was it rejected by most economists? What's the status quo when it comes to the impact of the New Deal during the Great Depression? +If it is not clear, people here (in Brazil) say that these countries of Scandinavia are able to be good welfare state countries now because they were good free-market countries before, and our underdeveloped country couldn't turn into a developed country with these welfare and intervention policies, but should first become a developed country through a free-market economy and only then become a welfare state + +I wonder if there is any truth in this reasoning +I guess this is mostly just a post to vent a little bit because lately I have just been getting completely shat on around various subs for being a landlord or being an Air Force veteran. + +I used to have such great discussions with people on reddit about how to invest in real estate. People just starting out or were curious about REI would reach out all the time and we would have great conversations. + +Lately, whether I would bring it up or not, reddit trolls would just absolutely start trashing me on random comments I would make. I get death threats in dm's...people following me around on different subs...crap like that. + +I think I'm just going to make a separate account that has nothing to do with real estate or the military. + +Guess I must be doing something right if people are acting like I'm the big bad 1%. Feels weird being dehumanized so much. +**Why We think TraceSafe (TSF.CSE) is one of the most undervalued Tech stocks in Canada** + +CSE: TSF and OTCMKTS: UTOLF + +&#x200B; + +**Highlights of the Topic** + +* **Government Contracts (Hong Kong, Singapore, Cayman)** +* **Venue Management (TD Gardens, IIHF World Junior Hockey Championships)** +* **Peer Group Analysis** +* **Summary/Conclusion** + +&#x200B; + +**Introduction:** + +TraceSafe owns 100% of the rights and interests in the real-time location tracking technology known as TraceSafe. TraceSafe includes original hardware such as wearable products, like a bracelet band or an access card, which has an embedded chip that can track the wearer's location to provide exposure notification. + +Over a 10-year period, TraceSafe has developed a robust and secure cloud-to-device platform that is designed to be highly flexible. This allows the technology to be tailored to many different applications, including contact tracing, quarantine management and real-time location services for company employees. This technology utilizes advanced low power Bluetooth beacons and ensures both user privacy and administrative control. + +So far the company has successfully deployed its solutions across a variety of sectors. + +&#x200B; + +**Government Contracts** \- TraceSafe has won government contracts in Cayman Islands, Singapore, and Hong Kong. These government contracts are lucrative as all travelers going to these destinations are required to self Quarantine with TraceSafe devices. So far, TraceSafe has been working together with the government of Hong Kong since March 2020, and more than 150,000 TraceSafe solutions have been deployed. Additionally, contracts have been signed with hospitals in Singapore to track patients and beds, and a SE Asian Conglomerate (the customer has not disclosed for privacy reasons, but many people say that this client is Singapore Health Ministry). The Company is in active discussions with over 20 governments and is likely to announce a new deal with another government in Asia or North America. + +&#x200B; + +**TraceSafe and Hong Kong contract:**[https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands](https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands) + +**TraceSafe Hong Kong Case Study:**[https://www.youtube.com/watch?v=IUmyKaytCZc](https://www.youtube.com/watch?v=IUmyKaytCZc) + +**Hong Kong deal a ‘catalyst’ for future deals:**[https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html](https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html) + +**TraceSafe order with Southeast Asian conglomerate:**[https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate](https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate) + +&#x200B; + +**Venue Management** \- Venues were hard hit by Covid with many sports teams experiencing significant financial distress as they mainly had to cease operations, and can no longer have fans at games. TraceSafe has inked contracts with the IIHF World Junior Hockey Tournament in Edmonton, Canada TD Gardens in Boston and Lampert Stadium in Toronto (Toronto Wolfpack rugby team). Getting approved for both TD Gardens and the World Juniors is a big deal as it was approved by Hockey Canada and likely points to potentially working with teams from the NBA or NHL in 2021. In addition to the covid use case, TraceSafe bracelets can be outfitted with payment capabilities to use for Concession stands. Privately held Delaware North owns TD Gardens, and is one of the biggest private hospitality and restaurant companies in the world (as per Forbes). If all of these deals are successful, it sets the stage for TraceSafe to work with some of the biggest sports and venue companies in the world. The deal with Hockey Canada involves a partnership with one of Canada’s biggest telecommunications providers, Telus. Powered by Telus’ world-class wireless network, Tracesafe technology is deployed across the tournament bubble to provide quarantine management and monitoring of exposures. There are no other contact tracing companies in Canada that have partnered with a company of Telus’ magnitude, and it is expected that this partnership will continue as TraceSafe solutions are deployed among Telus’ corporate clients and employees. Hockey Canada, IIHF, Telus, TD Gardens (Delaware North)...the clients don’t get much bigger and better than this. + +&#x200B; + +https://preview.redd.it/o2txn3594r661.png?width=262&format=png&auto=webp&s=8d6ed5e021d0850a986de3ca9c1a338a2a402ce6 + +&#x200B; + +https://preview.redd.it/posbfr2a4r661.png?width=761&format=png&auto=webp&s=5e0339ea4d1b8816681f9e68720f6899eef9f3d5 + +&#x200B; + +**TraceSafe and Telus IoT marketplace:**[https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07](https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07) + +**TraceSafe and IIHF World Junior Hockey Championships:**[https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html](https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html)**TraceSafe partnership with Telus for IIHF World Juniors:**[https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble](https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble) + +**TraceSafe and TD Gardens:**[https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden](https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden) + +&#x200B; + +**Enterprise Management:** Enterprise in the biggest opportunity as the Private Sector dwarfs the public for cases. TraceSafe has begun to work with one of Singapore’s biggest construction companies, Boustead Construction. This sets the stage for further deals in Asia within the construction or office segment. TraceSafe technology can be used within this segment to provide location tracking, and greater insights into workplace habits and the safety of workers. It becomes a big data play at this point. + +**Market Size** + +&#x200B; + +https://preview.redd.it/tmgfvmsa4r661.png?width=982&format=png&auto=webp&s=42a3fdc47ad0e494d7b027e2680e12bb4bf51846 + +The markets TraceSafe operates in are massive with Enterprise Contract Tracing & Wearable Tech being by far the biggest markets. + +On the enterprise front, TraceSafe signed a deal with UKG which is a company built by the merger of Kronos and a Florida-based software provider called Ultimate Software. The company is one of the biggest cloud computing companies in the world with top-tier clients that include Tesla, Marriott, Samsung, Yamaha, Sony Music, The Salvation Army, Miami Dolphins, Phoenix Suns, Revlon. Given the huge number of employees that these companies employ. We anticipate significant revenues to start showing up in Q1 from these customers and more deals in the Enterprise Space as a result of this partnership. + +**Airbeam Stake** + +TraceSafe currently owns a 13.5% stake in a company called Airbeam that is a 5G smart cities enabler built by former Qualcomm execs. Airbeam is due to IPO in Q1 2021 and the company is currently valued between 200-400M. This puts TraceSafe ownership around 27-54M. Wayne Lloyd announced a decision to issue Airbeam shares via Special Dividend to TraceSafe shareholders once the company goes public. + +Below is a calculation of how big this dividend will be given a few different Airbeam Valuation scenarios. + +Airbeam Valuation & Expected $TSF Special Dividend + +150M Valuation = $0.57 per TSF Share + +200M Valuation = $0.76 per TSF Share + +300M Valuation = $1.14 per TSF Share + +400M Valuation = $1.52 per TSF Share + +**Comparison of the Competitors**Now let’s compare the Valuations of TraceSafe’s closest competitors (FaceDrive, Loop Insights) + +\*TraceSafe (TSF)\* + +Market Cap: 22 Million + +**Q3 Revenues: $1.1 Million (100% growth over Q2 with revenue only partly recognized for Hong Kong contract)** + +**Shares Out: 35 million** + +&#x200B; + +*FaceDrive (FD)* + +Market Cap: 1.55 Billion + +**Q3 Revenues: $266,460Shares Out: 94 million** + +&#x200B; + +*Loop Insights (MTRX)* + +Market Cap: 230 Million + +**Q3 Revenues: $0Shares Out: 106 million** + +&#x200B; + +https://preview.redd.it/ob2vxspb4r661.png?width=1220&format=png&auto=webp&s=1cdd62706b3691499109aaf4ff6d9c3fdb738d8e + +As you can see from the comparison, the contrast in valuations is quite large. Although it speaks to the bloated overvaluation in both $FD and $MTRX, it also underscores how grossly undervalued TraceSafe is as compared to Loop and FaceDrive, which have spent millions of marketing. Facedrive in particular spent over $8million on marketing in June 2020. + +&#x200B; + +**Summary/Conclusion:** *Growing Revenues and Bargain Valuation of Tracesafe* + +So far, TraceSafe has advanced from the Proof of Concept phase and is growing revenues rapidly. Q3 saw Revenues increase 100% with Q4 Revenues expected to be around 2 Million, which is another 100% Increase. Based on this impressive growth, the market currently is giving TraceSafe around a 4x Sales Multiple. Given QoQ Revenue growth of 100%, this doesn’t seem justified at all. + +* **Growing Margins are increasing profitability and will see the Company become Cash-flow positive in 2021.** +* **TraceSafe is diversifying their product line-up to include Venues, Cruise Lines, Construction Sites, and well-poised to capitalize in 2021.** +* **TraceSafe’s stake in Airbeam is now worth 40.5M-54.0M and management is likely to issue Airbeam shares to shareholders.** +* **The market for Enterprise Wearables expanding at 41% a year bodes well for TraceSafe** + +We feel that TraceSafe’s low valuation is a temporary imbalance given the lack of analyst coverage in small-cap markets which will correct. As to when this correction will occur, the best cure for undervaluation in the Small Cap space is + +**1) Promotional marketing or** + +**2) let the results speak for themselves** + +We feel that the company is proving its model, seeing successes in expanding its product line and customer base alongside a very Successful investment in Airbeam which de-risks investing in TraceSafe as investors today are getting 2 high-quality tech stocks for the price of 1. + +&#x200B; + +***Estimates and Price Target For TraceSafe*** + +Q4 2020 Revenues: 2M + +FY 2021 Revenues: 20M + +P/S Multiple: 15x + +12 Month Price Target: $9.65 (includes Airbeam Spin-Off Value) + +\*In Wayne We Trust\* +I don't know the numbers or degrees, but I know that economic downturn certainly harms human life, and isn't just 'about the money'. Unemployment raises death rates for sure, right? And I'm sure other people die due to decreases in goods and services available. It's also not like quality of life counts for nothing, and bad economic times clearly hurt quality of life for many people, and may also shorten life expectancy for some. Long story short: Depression also bad, yes? + +So, it seems clear to me that our actual goal is to balance the interests - preventing the disease from harming people, and preventing the economic contraction from harming people - in the way that does the least damage overall. How is it more 'compassionate' to ignore the consequences of the economic component, when it does real damage as well? + +Am I missing something in this reasoning? And if not, do we have some vague idea about where the balancing point is in all this? +A group of my study mates and I have been challenged by a professor of ours. Basically, the challenge is to create an algorithm that can beat the market by at least 1%. Backtests for at least a year have to show this plus running it live for 30 consecutive days. Our target market is cryptocurrencies. + +We're all graduate students in both computer science and mathematics (double degree). We have little experience trading, which is why I'm curious to hear from the community here. +Your brain was surviving while they were free to develop and grow. + +you might feel like you’re behind but it’s because you were doing your best to survive. + +Give yourself credit and keep pushing. + +I am saying this as someone who grew up in a dysfunctional family riddled with poverty, mental illness and sexual abuse. + +EDIT: self-criticism is as harmful as victim-mentality and I’m just trying to point out the importance of self-compassion here. + +EDIT: Wow! I didn’t expect this to blow up as it did. I haven’t mastered it yet but this is what keeps me from falling apart every time I feel like I am a failure because a lot of day to day things (waking up, staying motivated, having healthy boundaries, maintaining relationships etc) that are easily manageable for other people are difficult for me, so I am glad this post was helpful to too many of you wonderful people. We got this. + +I wish you all the BEST! ❤️ +I've recently been pointed to [this story](https://www.thelocal.fr/20191022/french-more-wealthy-than-americans-and-germans/), which explains that the French are wealthier than Americans and Germans. + +But I've also read that Americans have considerably higher incomes than do the French. What is the explanation for this? Is there something going on with the French data being measured differently? Are the French profligate savers? How do they have so much more wealth than people in other countries? +I came here to post this and saw that the trending post was something similar. So I feel a little weird about it but not enough to not post. + +Husband and I have been working like crazy. We both respectively “own” our own business (he’s a partner at a big law firm, I own a design firm). He just got his final reporting a back and he stands to make $3.2million and my accountant closed my books for the calendar year and I pulled in around $1.2million. This is a *significant* jump from previous years and we are both in a little bit of a shock. +He in particular was very proud but had no one but me to share the achievement with....just given the awkwardness of that info especially during this time. + +We celebrated by eating cool whip right out of the container. + +We feel it’s our responsibility to do some serious donating now, and our hearts are with all the people that have lost so much this year. + +Anyway. Happy 2021 everyone. + + +As a moderator team, we have tried working good faith with Carl (“lead mod” for this sub) for the past year and beyond to benefit r/EthTrader as a community, however, this has grown increasingly challenging due to consistently unilateral, and ostensibly self-serving decisions which he has made that degrade the quality of the sub. + Over the past week, this culminated in shocking and unilateral decisions by Carl to remove two long-time moderators over a minor, unsettled, disagreement on an administrative issue which was still under open discussion. In this unprecedented action, Carl unilaterally stripped u/AdamSC1 and then u/jtnichol of all moderator authorities and permissions. Combined with continual opaque behavior in engagement with Reddit around Donuts, and generally unproductive communication with the broader moderator team on on-going operational issues, we feel we have no choice but to step down as moderators of r/ethtrader as a result of these actions. + +Ethereum is about decentralization and community consensus. We believe strongly in the Ethereum community, its users, developers, investors, and trading community - that was why many of us worked hard to build /r/EthTrader in the first place. + + +Given recent events, we no longer feel it is possible to maintain a quality Moderator team here in r/EthTrader where one individual wields unilateral authority. As a result, the majority of the current moderator team is resigning effective immediately and will work to create a new sub, Twitter, and Discord called /r/EthFinance. + +This new Reddit sub will be a high quality forum for all Ethereum-related discussions. It will be well-moderated by a team of veterans and equals who will work together to make decisions around the direction of the sub, and it will have the support of many prominent community members. With the support of our sister Twitter handle and Discord vectors, we hope to make a place for everyone to join in the discussion. + +Walking away from r/EthTrader, was not an easy decision for us. All of us have invested years into growing and sustaining this community., But we could no longer stand-by the repeated unilateral decisions eroding the fabric of this community. + +We hope you choose to join us, as we move forward in creating a proactive, positive community that can serve as a shining example of the values that Ethereum and blockchain stands for. +JT: Thanks from all of us on the EthFinance Mod Team, + +1. JTNichol +2. Mr\_Yukon\_C +3. BlockchainUnchained +4. Cutsnek +5. Ruvalm +6. AdamSC1 + +. + +Twitter: [https://twitter.com/EthfinanceR](https://twitter.com/EthfinanceR) + +Discord: [https://discord.gg/aA4QNrj](https://discord.gg/aA4QNrj) + +Thanks and best wishes to Ethtrader and the Moderator Team. +This got removed from r/lifeprotips so let's see how it goes here... + +I've paid for prime since it was available, and lately I've noticed it's gotten increasingly worse with shipping. + +**FYI** \- Prime doesn't mean you will get an item in 2 days, it means you **should** get the item 2 days **after** it ships, and there will often be multiple days between order and ship date meaning *a $119 prime membership often gets items delivered to your door 3-5 business days or more after you order*. + +[Edit: They also no longer offer a 1 month prime extension for shipping errors](https://www.dealnews.com/features/Amazon-Quietly-Killed-a-Popular-Prime-Shipping-Perk/2207696.html) + +**Example** + +* You place 24 orders on Amazon prime over the course of a year +* 4 of those orders arrive over 2 days after you place them online due to multiple days "processing" or shipping errors (for me it has been much worse than this) +* That effectively means you paid $5.95/order for 2 day shipping + +Look at how often you purchase, how quickly items are delivered, and decide if that's worth paying $119 for. If you only have it for the 2 day shipping there is a good chance it's not, especially when you consider many other online retailers carry the same items and now ship free with Walmart (I know they're the devil but it looks like Amazon might be too) even offering free 2 day shipping on many items without an extra membership fee. +So I found out yesterday that my company is doing layoffs again (yay ag economy) and I think I would like to ask to be laid off. In the last rounds of layoffs generous severance packages have been offered (from what I’ve heard at least) and I have a job offer already for another company/industry. I was planning to submit my resignation sometime in the next week to a month depending on my official start date. Do you think it is possible to swing for the severance? +I have traded for almost a decade now (stocks, options, futures) and after watching ETH go from $0 to $1400, I have finally scaled into a position for just less than $400. +I have waited patiently for this retest and just wanted to comment that I’m excited for the future! +Throwaway account but I was an early employee at a tech startup that has gone public recently. I left a few years ago and worked at some other well know companies which I’ve made some money from as well. + +Now I’m 32 with 8 figures but still living in a $2k apartment in San Francisco and single. Weird. + +It seems silly to try to win lottery another time so feels like my time as a traditionally employed mid level person is probably ending soon. Have no aspiration to be an executive of any kind unless I’m the founder. But I haven’t really planned for a different life as of yet. + +What should my first step be to figure things out? Maybe start going to therapy on the regular. +**Preamble:** I suppose all of us have come across an analyst report while doing DD on a stock. Most of the reports that are freely available to the average investor are either dated or limited in access (we only have the buy/sell ratings and not the deep dive on the stock). According to [this](https://www.bloomberg.com/professional/blog/put-price-investment-research-2/) Bloomberg report, Goldman Sachs charges $30K for access to its basic research, JP Morgan $10K per report, and Barclays charging up to $455K for its equity research package. + +What I wanted to know was if you actually pay for the reports and then follow their recommendations, would you be able to beat the market in the long run? Surprisingly, there were no trackers following the performance of analyst picks over the long term and I decided to build one. + +**Where is the data from:** Yahoo Finance. I used yfinance API to pull all the analyst recommendations made from 2011 for S&P500 companies. While this is in no way a complete list of recommendations, I felt that the data I had was deep enough for the analysis. Both Bloomberg and Quandl provide richer data but costs more than $20K for their subscription and also won’t allow you to share the recommendations with the public. (I have shared all the recommendations and my analysis in an Excel Sheet at the end) + +**Analysis:** There were a total of 66,516 recommendations made by analysts over the last 10 years for S&P500 companies. + +https://preview.redd.it/n790ugjr9jv61.png?width=567&format=png&auto=webp&s=07845e5d4b41a4877dd6cd180ae1faa450adfc46 + +For the three sets, I calculated the stock price change across four periods. + +a. One week after recommendation + +b. One month after recommendation + +c. One quarter after recommendation + +I benchmarked the change against S&P500 and also checked what percentage of recommendations increased in value compared to the benchmark. I limited my time horizon to one quarter since analysts usually create reports every quarter and I did not want to overlap different recommendations. Finally, I also checked which banks made the best recommendations over the last decade. + +**Results:** + +https://preview.redd.it/k2lc2u1t9jv61.png?width=624&format=png&auto=webp&s=ffbb6b197286b47782ede7f068f6648eacf492ae + +Out of the 35K buy recommendations made by the analysts, the average increase in stock price across the time periods were better than the SPY benchmark with one week returns bettering SPY by more than 40%. Adding to this, I also benchmarked the percentage of times analyst made the call and the stock price went up vs the SP500 index. + +https://preview.redd.it/y39cv6iu9jv61.png?width=623&format=png&auto=webp&s=5e24eec21c5018c01febdcdc234136935a0a01b6 + + Sell recommendations given by analysts definitely have a short-term impact on the stock price. As we can see from the chart, the one-week performance of stocks that were recommended as a sell was lower than that of the benchmark. But this trend does not hold over the long term with stocks having sell recommendations significantly outperforming the market over the time period of more than one month. Another thing to note here is that on average even after the sell recommendation, the stock price did not fall. (ie, the returns were not negative) + +**Which investment banks made the best recommendations?:** + +https://preview.redd.it/5cx0ov1x9jv61.png?width=624&format=png&auto=webp&s=50549713d2ae8696b3012add7dbc2fe68ddad8a0 + +I analyzed the returns of the recommendations made by different banks. The most number of recommendations were made by Morgan Stanley with them making more than 2300 recommendations in the last 10 years. From the above chart, you can see that overall, the best returns were made by Barclays with their recommendations beating SP500 by more than 125% in one-week gains and more than 30% in quarterly gains. + +**How much money should you be managing to profitably buy analyst reports?** + +I did a rough calculation on the amount of assets you need to be managing to make sense for actually paying for the reports. From the above analysis, we could see that the analyst reports beat the market by 23%, and on average full access to analyst reports of a bank will set you back by $500K per year. Putting in the above numbers, you need to have a whopping $19MM of assets under management just to break even. Going on a conservative side, to comfortably make profits and not to have the analyst report fee considerably impact your returns, you should be managing at least $100MM. + +**Limitations of analysis:** + +The above analysis is far from perfect and has multiple limitations. First, this is not the full list of recommendations made by these companies and are just the ones that were updated on Yahoo Finance. I also could not get any information on price targets made by the analysts to supplement my analysis. Finally, even though this analysis covers the last 10 years, it had been predominantly a bull run and this can bias the results in favor of the banks. This aspect could also be seen by observing how poorly the sell recommendations made by the banks faired. + +**Conclusion:** + +I started the analysis skeptical of the returns generated by recommendations made by analysts. There has been a lot of rumors and speculations about whether analysts have access to information the public doesn’t. Whatever the case may be, the above analysis shows that if you have access to the analyst reports, you definitely can beat the market over the long run. Whether it's financially viable or not to access the reports depends on the amount of asset you have under management, in this case at least $100MM! + +Excel Sheet link containing all the recommendations and more detailed analysis: [here](https://drive.google.com/file/d/19Hd6xU4B4p0PmlpV3JULmChU1JQTVkOR/view?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to any investment banks showcased above.* +For years, the crypto community has pointed to government control over fiat money as the reason Bitcoin needs to exist. People need an asset that they know can't be arbitrarily printed or controlled by corrupt governments. + +And after 12 years, this narrative is taking hold. The financial industry is starting to take Bitcoin seriously, investors and large corporations are putting Bitcoin on their balance sheet to reduce their dependency on the behavior of the US federal government. + +**But the next fight is upon us.** + +This week, the common folk of the internet discovered their power. They discovered that by working together, they can challenge the powerful entities of Wall Street. + +And Wall Street hates it. + +As of right now, Robinhood and most other trading products are in "reduce only mode". + +Wall Street has decided that you're not responsible enough to buy the stocks that you like, so they've taken away your stock buying privileges. + +Of course, hedge funds will still have access to GME and AMC. But not you. + +**This is why Bitcoin is only the beginning of this revolution.** + +It's not simply enough to be able to custody your own assets. You need to be able to trade them, to lend them, to leverage them. You should have access to the same financial instruments that the rich people on Wall Street have access to. + +**This is why we need DeFi** + +Nobody can turn off Uniswap. Nobody can turn off Aave. Nobody can turn off Synthetix. + +Nobody can tell you that leverage-longing some shitcoin is irresponsible and you're not allowed to do it. + +**This can be our moment.** + +Thousands of people, from WSB to Twitter, have just been deplatformed, just for wanting to invest their money as they see fit. + +Let's show them the future. Let's show them a world where finance is not owned by any government or hedge fund or billionaire. + +A world where, as long as you're not hurting anyone, you're free to use your money however you like. +As the title really. If someone is screaming at you and calling you out for selling they are not doing this because they are worried about your gains. They are worried about their own, they bought high and need the price up to recoup their losses. + +Someone in profit quietly takes their gains and walks away, or quietly rides it out. + +Someone who believes in the project will ride it out too, they will understand you taking profits, they will be confident someone else will buy in. They will generally behave in an encouraging manner. + +People doing the shouting are usually bag holders, this all may be obvious to most of you, but for some, particularly when it is "your coin" it is hard to see. + +Take a step back and look objectively at it as if it were another coin, think about how you would feel looking from the outside. + +A community that berates you for selling when you want to is toxic and should be a red flag. + +Take care out there people +Since the late 18. century there is a certain idea of progress - that the life of the next generation should be better than ours. Of course different people had very different idea what progress means, especially in the political sense, but the improvement of economic conditions was constantly expected by everyone. + +And now it seems to have stopped. People have nothing but fear for the future - they are afraid to bring children into a world with an uncertain future, they are focusing on not losing their jobs this year etc. etc. + +This isn't country-specific, as I can tell from the three languages I read, it seems to be rather a global phenomenon. + +And the reasons seem to be economic - mostly state debt. Do you dare to have kids when you know they will be _born_ with serious amounts of debt? + +Of course debt is just a symptom. One could say it a symptom of high time preferences - of a spirit of an age like party until you can and when it collapses then the last one out please turn of the lights. + +So in a more general way we could say people fear for the future because it seems the top decision makers, the politicians, the businessmen have _stopped giving a fuck about the future_. The politicians seems to be focusing on what popularity they can buy NOW with debt-finances handouts and the businessmen seem to be focusing on the quick cash. + +This is what makes people fearful - the future seems uncertain because it seems like the big boys have stopped caring about the future, stopped making serious long-time plans. + +Any thoughts? +Saw a comment earlier from someone telling this guys 14 year daughter to max their IRA and stuff and then when she retires, she’ll be a millionaire. + +You also hear people now like graham Stephen talk about how you should drink less Starbucks coffee and eat less avocado toast so you can save that extra buck and put it in an index fund and in 30 years, you’ll be a millionaire. + +Anyone else think being a millionaire isn’t really a big thing anymore? When I was a kid, just imagining a house being worth a million dollars was insane. You’d have a mansion with a million. Now in the Bay Area, you might get a shack for a million. Even in the Midwest, a decent size house round 2000 sq ft is like 300k-400k. + + +According to smartasset’s [inflation projection calculator ](https://smartasset.com/investing/inflation-calculator) based on 2.57% annual inflation, $100 would be worth $212 in 30 years. So $1 million in 2050 would be worth $471k in today’s money. + +In that guys’d daughters example, if she’s 14 now and she wants to retire by 65 in 2071, $100 would be $357 by then so in reality, her “million” would be worth $280k in today’s money. + +If you were to “retire” then as a “millionaire, you’d had as much buying power of less than half a million in today’s money. And that’s only if inflation stays low. If you look at the late 1970’s and then 1980’s and also post WW2, inflation rate was in the double digits. +SHFs have contracted highly skilled and professional social engineering services, and after canvassing Red (and others) they profiled the perfect 'woman' to ensnare Red. + +It worked + +'Maddie' is a purchased reddit account onto which they attached an invented backstory. The fact that 'Maddie' is this reprehensible ex-blackwater says WAAAAAAY more about Red than anything else. And after you read that Red fantacizes/envisions having secret connections to powerful people that can make her adversaries disappear, one can see why they selected a backstory that would repel any of the rest of us. +Argument between me and a friend. He believes that China would be in a worse shape and that the US would be able to replace China as a trade partner with India in the long-term, but also that China wouldn't be able to recover. This is because he believes that China doesn't actually produce much of anything in the first place; that their greatest value is as cheap labor for. The crux of his argument centers around China having a lack of brands that "people respect." +I'm no economic expert, but I found his claims to be ridiculous because of how much trade goes on between the two countries. Surely, it can't be that one-sided of a relationship if the so many products are "made in china" Oh, yeah, that's another thing, according to him "made in china" doesn't exactly make a product Chinese. Thanks in advance. +I’ve been part of the PinkPanda community since the beginning, and the work being done there continues to impress me every day. This team is as transparent and as active as it gets. They are constantly in the chat answering questions, all the while doing incredible work behind the scenes to push this coin forward. A list of accomplishments so far, only a couple of weeks since launch: + +&#x200B; + +* Version 1 of the mobile app released for iOS and Android, Version 1.1 is supposed to drop very soon! +* Audit completed by Dessert Finance +* Contract renounced +* Owner doxxed +* Almost nightly informal AMA’s, with an official AMA last Sunday with Travladd, an official AMA on the Satoshi Club telegram group and with Goalorious on Youtube +* $1000 donated to the American Cancer Society +* Tyler Hill mentioned on his livestream earlier today that he is going to talk about $PINKPANDA soon. He has over 70K followers. This coin could absolutely blow up once he reviews it! + +And let’s talk about the chart. It’s as healthy of a chart as I’ve ever seen, especially for a BSC coin. Steady, consistent, growth ever since launch. And with all the plans coming, I don’t see it slowing down anytime soon. This coin is still pre-CMC listing! + +A ton of updates are still coming for the app, the biggest of which will be a 5x leveraged mobile DEX. It would be both the first DEX with leverage and the first with a mobile app. We know that trading on BSC is not always easy, and not very accessible to the average investor. Imagine how much that would change with the ease of use of a mobile DEX. The leverage and other built-in functionality (like limit and stop orders) will help bring maturation to BSC trading and further increase the appeal to more traditional traders who are used to these options. + +Sometimes lost in all of this is that this coin also has a charitable mission. $1000 has already been donated to the American Cancer Society, with much more on the way. + +Tokenomics + +* 1 quadrillion total supply + +Breakdown: + +* 50% burned (500T) +* 20% presale (200T) +* 20% initial liquidity (200T) +* 5% charity and community airdrop wallet (50T) +* 5% dev and marketing (50T) + +Taxes: + +* 5% of each transaction auto-locked in liquidity on Pancakeswap v2 +* 5% of each transaction automatically redistributed to PinkPanda holders + +This one is going places. I have never had so little anxiety about a coin. I go to sleep, I wake up, the chart continues to grow. The dips are eaten faster than I’ve ever seen. The future is so bright for this coin it’s blinding. You won’t regret joining this one, both for the long-term potential, and the amazing, fun, welcoming community of pandas. Hop in the TG and check it out for yourself! + +💬 TG: https://t.me/PinkPandaDefi + +🌐 Website: https://pinkpanda.finance + +🚀 Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +Bamboo soon. +I've been listening to Economics Explained, Planet Money, and Freakanomics Radio. + + +I am wondering what else is worth listening too. +this post was posted and meant for r/financialindependence + I don't mean it to be on r/all.Stop reading if you are not from any of the FIRE groups. +---- + +As a FIREer, what is going for us is that majority of us who are more than half way there own large assets in stock market. I think a lot of us belong to the top 10%. + +As the world plunges into chaos and unemployment is at sky high, a lot of us FIREers are making seriously good money in the stock market. If you re heavy on NASDQ index or FANNG stocks, you are killing it. + +Does it ever cause a bit guilt in you that you are fairing so much better than the 90% population? That you don't even need to work and your portfolio is pulling in more money than average household income? + +I do. I feel guilty. I work in asset management and I feel the whole stock market is so rigged that it's a way for the rich to enrich themselves. One of my mentors once told me that if you want to be rich, you own assets and businesses and hire others to do the work for you. One day, you will be making money while you are sleeping. I've dreamed to get there one day like him. And I did. But I have tremendous amount of guilt that I don't do shit and I make 6 figures a year just by sitting on FANNG and other Tech stocks. + +Edit : Thx to kohox’s comment. Everyone should watch this video that really exposed how severe the America inequality has become. You should feel angry. + +https://www.youtube.com/watch?v=QPKKQnijnsM + + +Here is the article as who own the stocks in America. +\[Edit\]: Moderator has asked me to remove the link so I will just show you the keywords to search. If you want to read it, just search for it. "how america 1 came to dominate stock ownership" + +Edit 2: If there is still anyone reading this. I was assumed to be 1) white 2) a man. That tells you the problems of this country. Just think about it. +So I follow Geekyranjit, basically he reviews tech gadgets on youtube. He made a video saying you shouldn't buy expensive stuff you can't afford on EMI. I found this advice to be really good, but I m a noob in investments, so I am not sure how it works in real world (I m still a student). So I would like to hear your opinions and advice on this, since I ll start earning soon. +Recently our family dog passed away. My parents originally planned to wait a while until they got a new dog. Then they found adorablebernisehome and fell in love. A decent looking website with lots of puppy photos. + +They fell in love with a puppy and have talked to the rep many times. After sending money a few days ago through Zelle, they still were in contact with the “breeder”. Just got to the airport to pickup and no puppy. + +My dad decided to actually talk to the breeder because my mom has been doing it. Turns out the guy sounds like a Nigerian prince and is a total scam. + +I did some research and found the site is brand new and yet they run google ads. Be careful with puppy scams. They just lost $1k to the scam. Lesson learned. + +Edit: I just read the description on The Zelle site. It specifically mentions not sending money to puppy scams. Ooof + +Edit 2: Don’t buy from breeders if possible. Go to a shelter or adopt a dog in need. +They break things down into "wicked" simple frameworks and don't do a lot of fancy "MBA" style cash flow modeling. That "stuff" is for sales pitches to impressed the clients (and other uninformed folks who need to be impressed). + +You would be amazed at how many top notch investors prefer to value things as simple perpetuities or a very basic "high growth plus discounted perpituity" models. + +&#x200B; + +Not tons of tweeking, fine tuning, weighing every micro assumption, etc - or other impressive "skillz" + +A good value stock situation is like hitting a barn door with a rifle at 20 paces - you don't need the fancy scope/doodads that impress the midwits. +As I'm sure you're all aware, there has been some minor business going on in the big daddy sub /r/wallstreetbets. They were clearly incensed by a hedge fund acting like assholes. Then [it escalated](https://www.reddit.com/r/wallstreetbets/comments/ky4xmk/gme_shorts_havent_covered_theyve_added_only_added/?utm_source=share&utm_medium=web2x&context=3). Then it escalated again. Now it's something else entirely.. The page subsequently went dark a short while later, we had some coverage in our [WSB goes dark MEGATHREAD](https://www.reddit.com/r/ASX_Bets/comments/l2hd8f/rwallstreetbets_goes_dark_megathread/?utm_source=share&utm_medium=web2x&context=3) if you want to catch up on the early days of the saga. + +&#x200B; + +A lot of people have decided to make posts here indicating they want to arrange a short squeeze. We have let through a few which are general in nature, since its relevant and often is more "what's going on over here?". Why aren't we letting nature take it's course? Because it doesn't look like someone arranging a short squeeze here, it looks a lot like someone arranging a pump. Almost always for whatever they happen to be holding bags on amazingly. The most shorted stock on the ASX appears to be Webjet, but we barely heard a word about it. Meanwhile, it looks like the short positions are less than 20%. A squeeze is very unlikely. + +&#x200B; + +So for now, stop. If a great crusade comes along, If someone kicks your dog or we find evidence of manipulation, we'll grab our pickforks with you, but arranging a pump so someone else will hold your bags isn't the same thing. + +&#x200B; + +All we can say is we moderate our page closely and we have rules for a reason, plus if we ever wanted a social media account there would be a much simpler way to get us banned from everywhere except OnlyFans, we would just let Plucky run it........... which reminds us, new unwritten rule, no advertising your Onlyfans. + +&#x200B; + +Some users raised concerns over r/ASX_Bets and how it would impact us moving forward. + +&#x200B; + +The subsequent chaos has brought up a few interesting points though. Henceforth, the following alterations are in place: + +&#x200B; + +1 - **Account age and Karma will be raised for the Sub on posts and comments**. You all get a vote people, on everything that is added to the sub, use them as it alerts Mods to shenanigans. We're like a magical goblin, say our names and we will come. There are 5 of us and all delete trash a lot. Sometimes it gets escalated to the old ones, but mostly it's not in need of mind breaking horror. + +&#x200B; + +2 - Posts with '*I will buy the highest voted piece of shit or polls to the same effect*' will be deleted and the user subject to a 1 month ban **UNLESS** they commit to purchasing said updooted stonk and subsequently provide proof. You have been warned. If you commit to buying then bail, you will get 3 months. + +&#x200B; + +3 - **Any post or comment attempting to co-ordinate or organize any type of ''market play'' via the sub will be deleted and the user subject to a 3 month ban**. + +And yes before you ask, Mods know the difference between jest, satire and serious. If you find a scandal or scum, there will be a response. + +&#x200B; + +We hope the **ASIC** also appreciates this differentiation given we heard they sometimes use the internet too.. As one mod has noted, the federal police raid your house when all you've done is report on crimes. + +&#x200B; + +\- The *'Does* r/ASX_Bets *affect your blah blah blah'* posts have slowed down ever since Mods passed the [random ban length act](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_source=share&utm_medium=web2x&context=3). we're currently at 8 days. From here on it's just fun. + +Still, a few have chanced their arm and given us an opportunity to run our exponential ban length test program to good affect, so we appreciate your sacrifice. +Hello Apes! + + +It's u/Bye_Triangle here! I just wanted to let everyone know that there will be no Daily News post today. Both u/PinkCatsOnAcid and u/Rensole had a really long day yesterday and needed the time off. We all need a mental health day sometimes! + + +I hope you both have a restful day. I also wish the same for all you apes! + + +Cheers, +B\_T +It is believed that the following pools either have the gas limit hardcoded to 4,712,394 or something lower. These pools need to change their Ethereum client settings to allow for a flexible gas limit (see below on how to do that): + +* **Coinotron** +* **http://nanopool.org** +* **http://pool.ethfans.org** -- they are working on it: https://twitter.com/ethfans/status/877831795143720960 + +**If you have contact with any of the above pools, please direct them to this thread so we can help get them setup with the correct command line flags!** + +Can everyone help confirm that the following pools are indeed using the proper settings: + +* **F2Pool** +* **http://ethermine.org** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8phmp/) +* **http://ethpool.org** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8phmp/) +* **https://www.alpereum.ch** +* **http://ethereumpool.co** +* **https://dwarfpool.com** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8be3d/) +* **https://miningpoolhub.com** + +------ + +#All pools should be running with the following settings: + +**Geth:** + + --gasprice 4000000000 --targetgaslimit 4712388 + +**Parity:** + + --gas-floor-target 4712388 --gas-cap 9000000 --gasprice 4000000000 + +------ + +**If you are on social media (Twitter, Facebook, etc.) then please share this thread and get it as widely distributed to your mining friends or friends of friends, as possible.** + +Thank you! + +------ + +Original message from Hodlor: http://i.imgur.com/kyQMDoW.png +Full disclosure, Avacta (LON:AVCT) is my largest holding. And rightly so, in my opinion it has potential to be one of the most promising biotech plays over the next decade. I rarely see any discussion about here on Reddit, so figured I'd do a quick write up to share why I think this. + +**Who is Avacta?** + +Listed on AIM, Avacta is a biotech company based in West Yorkshire. At the core of the business is it's proprietary technology, the Affimer® and pre|CISION™ platforms. + +Spotlight was on Avacta last year following the announcement of their Covid-19 Lateral Flow Antigen Test, however delays since the announcement last Spring and vaccine news hampered the price a bit, but excitement is back on the table following recent news flow and the government preparing to roll out mass testing to the public. On top of this, Avacta is an excellent cancer play with their tumour targeting precision therapy AVA6000, and subsequently in my eyes the real money, Affimer® and pre|CISION™ platforms. + +I'll explain these 3 below: + +**Covid-19 Lateral Flow Tests (This is where short term excitement is)** + +***What is a Lateral Flow Test?*** + +These are quick tests you may have read about in the news, as the ones that give results in 15 mins. With Avacta, this involves an anterior nasal swab sample (not a brain tickler sample) being applied to a lateral flow test device, where the sample reacts with reagent, effectively changing colours on positive result. Simplest way to imagine this is similar to those Litmus Paper tests you might have done in school. Except it's housed in a device you can use at home. + +Currently, the primary method of testing is called reverse transcription polymerase chain reaction (RT-PCR). PCR testing takes a few hours and requires professionals to take the sample and process them. PCR tests, test for genetic material (RNA) which can be detected early in the body, whilst you are infectious, and during recovery (i.e. you still have Covid, but are not infectious), generating a positive result through all these stages. + +Lateral Flow Antigen Tests provide results in around 15 minutes, and can be self administered, at home, at work, at events etc... The test however isn't testing for genetic material, instead it is testing for antigens which can tell us when you are most infectious. The benefit to this is that it will greatly reduce the number of people needing to unnecessarily self-isolate after testing positive on a PCR, but testing negative on a LFT (i.e. you still have Covid, but are not infectious) + +The issue to date has been that Lateral Flow tests simply aren't accurate enough for mass testing, just being 1% wrong on a 66 million UK population affects 660,000 people, with a lot of these tests being highly criticised in the media/scientists. The Innova test for example (which the government currently has stockpiles of) has an overall sensitivity of 76.8%, and overall specificity of the test was reported as 99.68%. + +Step in Avacta, their Lateral Flow Test announced clinical results yesterday demonstrating a sensitivity of 96.7%, and specificity of 100%, what more this was based on samples with a Ct value below 26 which is the sweet spot we've been looking for on infectiousness. These results are very favourable compared to previous studies, showing that Avacta truly have developed the gold standard for Covid-19 testing. + +Next steps are to complete full clinical validation and CE mark so they can bring the test in Europe around the end of Q1 2021. + +What is unique to Avacta’s test, that no one else will be able to replicate, is the type of reagent used. In this case, Avactas reagent is known as Affimer, which Avacta own the IP to. + +Timing could not be more perfect with the government set to lay out it's plan to end lockdown through mass testing (lateral flow based testing), even the papers today have leaked the next slogan - "Get ready, get testing, go" + +I believe that Avacta is playing a critically central role in the government plans for ending lockdown, and are exactly what BoJo has been looking for when he's been babbling on about when he wants a sovereign test. I have no doubt that Avacta will probably sell every single test they make in what is a multi-billion pound market which isn't going anywhere. + +**Cancer Therapy (This is where medium term excitement is)** + +Avacta is looking to start in the UK Phase 1 studies on it’s targeted chemotherapy drug, AVA6000. + +Doxorubicin is a commonly used chemotherapy drug that comes with unpleasant side effects. I won’t go into too much details but in layman terms it’s effectively a destructive drug, designed to destroy tumours, but it hurts the body in the process. Regardless, it still stands as one of the most commonly used and effective treatments for cancer, including Leukaemia and Hodgkin’s Lymphoma among several other types. + +Avacta has taken Doxorubicin, and modified it to become AVA6000. This modification is achieved using Avacta’s pre|CISION™ platform which renders the drug inactive in the circulation until it enters the tumour. It’s activated within the tumour by an enzyme called fibroblast activation protein (FAP) which is in high abundance in most solid tumours but not in healthy tissue such as the heart. + +AVA6000 has been shown to significantly increase the amount of active drug in a tumour compared with the heart and should thereby improve tolerability and achieve better clinical outcomes for patients. + +**Affimer**® **and pre|CISION**™ **(This is why this is a long term hold)** + +This is where the big money is. Avacta own the IP to both Affimer and pre|CISION. + +The idea is, that if either or both of these platforms are successful then Avacta can easily achieve a multi-billion valuation. + +Success is already beginning to be seen with Affimers via their Covid-19 diagnostics, opening the door to many more future applications. If the AVA6000 study shows that the pre|CISION chemistry is effective in reducing systemic toxicity of Doxorubicin in humans, then it can be applied to a range of other established chemotherapies to improve their safety and efficacy. + +I've been holding 20,000 shares since last Spring, and intend to hold for the next decade+ + +Edit: Typo + +Share Price at Time of Post: 187p +She's just now moving in and signed the lease agreement already. + +Should I allow her to terminate the lease early? Should I tell her she needs to get smaller furniture? + +I know I should have told her the doorway is small but it skipped my mind when we were signing paperwork and showing the place. + +I don't know what to do, all ideas are appreicated. +I don’t even feel like this needs to be said as I feel like 99% of us are all on the same page on this one, but recently a website and twitter handle has been plugging an ‘Ape Festival 2022’ in Vegas backed by some big names involved in GME or another certain movie stocks on twitter. + +This is either some Fyre Festival 2.0 shit or in my opinion, potentially something more sinister by SHF to try and create a narrative of retail manipulation. WE ARE NOT A COLLECTIVE GROUP OR ORGANIZATION, WE ARE INDIVIDUAL INVESTORS THAT JUST LIKE THE STOCK. + +I am not going to name said people who look to also be promoting the event as I have no proof that they are involved or receiving any type of compensation outside them being tagged, retweeting and promoting said event, but its worth pointing out seeing as they have a collective following of around 500k\~ followers. + +As I said, at best its in my opinion a blatant cash grab and possibly even a scam, at worst a potential move by SHF to establish a narrative that we are a collective group of investors manipulating the market. + +The DD is done. Don’t give these guys any of your money. + +Edit: Glad to see u/rensole covered it in The Daily Stonk going into much more detail than myself so check that out. Seemed to be well on top of it before me. Try to avoid going to the actual website and giving them clicks :) +So I guess I'll share it here + +I paid off all my debt (about 3k maybe slightly more) in less than 6 months, my credit score shot up over 100 points, I was in the 500s now I'm at 734 according to credit karma (ik not accurate but I know there was serious growth) took a bit of a hit to my score with this car loan fiasco that was a huge mistake but it didn't cost me dearly, I'm just sure my score would be higher now if I didn't do that. I lost my job but have another source of income that plus my savings kept me afloat during this time and I got assistance. I have around 3,500 saved for an emergency fund, trying to build that to 10k so I've got a solid 6 month fund. I grew up homeless, in group homes, foster care etc and have never had much money. I'm 21 and I feel really good about what I've accomplished. I've also been able to finally travel outside of the US, and I'll be going back to school (likely at no cost to me) in September. I'm on a pretty good track with everything I'd say. I'm starting to get into the Robinhood app but nothing serious only invested under 100 bucks.and I plan on finding a job I can ride my bike to that hopefully pays a bit above min wage but that's TBD If anyone has any advice or anything like that I'm open to it! +Hi folks, + +We were rebuffed earlier this year when we went to our landlord asking for a permanent rent reduction - they offered $10 off our existing rent of $530 p/w IF we signed on for 12 months. + +Needless to say that was a hard pass from us. We decided to wait until late in the year for the market to get worse. In a spot of luck, one of the exact same units came on the market around the corner and has sat empty, originally at $550, and now at $500 with no takers. + +**Pre-work**: I assessed places in the neighbourhood, right across the suburb and the one next door. Thanks to KoalaData extension on Domain I was able to keep a close eye on time on market and price drops. + +Last week I called around agents asking about places within the block. I confirmed availability and whether the owner was open to offers, and how low they might go. All the properties were open to offers, with a 3 bed willing to drop to $550 the biggest deal - and only a few doors down. + +**The email**: we had aimed for the heart strings but this time we went for the purse strings. I made sure our case was clear and calculated the loss they’d face with us moving. I made it clear there was a high chance of us moving and by adding the vacancy lengths for other properties I was able to support the likelihood they’d be out of pocket more than the cost of reducing the rent. I didn’t offer to sign on for another year, I just paid out the reality of the situation. + +Here’s the email, with addresses removed: + +Dear [property manager], + +Thank you for speaking with me last week. As discussed, I'm writing to request an ongoing reduction to the rent for [our property]. We previously requested a reduction in May, and were offered a $10 reduction with a 12-month contract, which we declined as this offered us little relief. + +The rental market has changed considerably since our last request, and [info about our situation]. In light of our need to reduce costs, and the new realities of the rental market, we now believe a new rental rate is appropriate for this property. + +We believe a new rate of $480 p/week is reasonable - based on the following properties: + +[Property 1]. This is exactly the same unit as this one in the same complex, more modern, with some appliances supplied. +Rent: $500 P/W +Day on market: On market 26 days at $500 P/W, 103 days at $550 P/W. Owners are open to a lower offer. + +[Property 2]. Two bedroom house with modern bathrooms and air conditioning. +Rent: $480 P/W +Days on market: one year. + +[Property 3]. A three bedroom house, older but partially refurbished. +Rent: $590 P/W advertised. +Days on market: on market 19 days at $590 P/W, 189 days in total. aowners are happy to accept $550 P/W + +[Property 4, slightly further away]: Modern, light-filled two bedroom house with two bathrooms. +Rent: $525 P/W advertised. Happy to accept lower offers +Days on market: on market 60 days at $525 P/W, 144 days at $550 P/W + +These are just a few examples that demonstrate the market has shifted, including one that is the same unit as this one. We have also discussed with fellow residents within [our suburb] to confirm the current market - the vast majority have negotiated reductions this year. + +A rental rate of $480 P/W is significantly less than the costs involved should we vacate this property. If this property stays empty for 4 weeks it would cost our landlords $2,120 + leasing fee at the current rent at least. It is likely the property would be empty for more than four weeks, so this is a best-case scenario. A reduction of $50 P/W would cost $2,600 annually by comparison. + +If we cannot secure a reasonable reduction in rent to bring the property in line with the current rental market, we may need to look at other options at today's market rate. + +Kind regards, + +[my name] + +A week later we received confirmation that the landlord was accepting our proposal, and we’re asked if we want to sign on for 12 months - but that’s optional. + +To be honest I expected to get $500 back as a counter and would have been ok with that, so we could have pushed a little lower in hindsight. This is, however, an outstanding result and will benefit us immensely. We didn’t want to move, so this was a great result in that sense too. + +My advice is to know your market well and present the facts in a straightforward manner - the market has changed and if that’s the case in your area, similar research may help. + +Thank you for coming to my TED talk. I might just buy a flat white today to celebrate. Happy to answer any other questions - this is just my experience, YMMV. +So with my luck.. I was forced to close out all my NET cash-secured puts and SPX cash-secured puts (Well technically not cash-secured.. I messed up).. Anyways, I got a margin call at 12:14 EST today, I was given five minutes to liquidate my positions or the broker would do it for me. I immediately closed all my positions.. The carnage is as follows: I lost 95% of my account in one trading session. I started the day at about $35,000. I have $1,394.29 in my account after liquidating all my positions. This is after depositing $10,000 from my savings into my account. Thought I'd share the experience. The worst part of this all? I WOULD HAVE GOT ALL MY MONEY BACK IF MY BROKER DIDN'T FORCE ME TO LIQUIDATE. +I'm just curious as to how many people here are like me and hold less than 10 eth; it feels like I'm a poor sardine being swam around by a group of millionaire blue whales, but perhaps I'm wrong. + + +EDIT: + +Cheers guys and girls, this makes me feel better about myself only having a few ETH! +Hey all, I created a Reddit account to help provide advice on investing. Looking forward to being active here as I know there are lots of new investors that I want to help teach what I've learned. + +One of the things I see most on Reddit are people trying to out-think each other in terms of identifying complex business models/situations, over-guessing their near-term future, which is then (sadly) perceived as the only way to outperform. + +That is just not true, and candidly, may lead you to some bad decisions. + +I titled this post a quote from Peter Lynch because I think it paints the truest way of thinking when it comes to investing. As Buffett has said, investing is not competition diving where the hardest to achieve dive is awarded the top score. Therefore, it is not the complexity of your idea that will grant you your gains, it is how well you are able to handle volatility and stay true to your original story. (A lot easier said than done) + +All of this to say is don't try to outthink yourself or even others. Invest in ONLY what you know and how its future free cash flow streams compare to other investments today and the 10-year note, and you will do fine. Happy to answer any other questions in regards. +Hi all, + +So I have been observing GBP, EUR and USD and dollar and euro are now 1 to 1 which didn't happen for a long time (Probably to Russia/Ukraine things going on) but I don't get why GBP soon will be 1 to 1 to the dollar as well? + +I am no expert in economics but from my understanding, it is quite worrying as such things didn't happen for more than 20 years. + +Would that mean that currencies/markets will crash soon? or if not what could be the major change in the economy since GBP/EURO/USD will be all 1 to 1? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +Plenty of people are doing it every day, some have been doing it for a while and some have been doing it for a little bit. You don’t help anyone by placing that limitation on their thoughts. + + + +Also, every time you say “you can’t beat the market” a market beating fairy dies. +Basically title - isn't it possible that cancelling all student loan debt would tank the economy? what if our debt has been packaged, sold, and speculated upon by banks a-la subprime mortgage crisis? wouldn't value just disappear? +(New throw away for personal details.) + +My wife’s extended family is rural, light on education, and fairly poor. Her cousin’s kid was quite exceptional (valedictorian, lead in the school play, class President, brilliant writer, super motivated) and asked for our help getting to college. With a little help from us (a paid college counselor and filling out financial aid forms) they are now going to be attending a top ten university on a full scholarship. $320k in tuition over four years for about $1k investment in my part is pretty amazing ROI. + +What are helpful things to buy or do for him? Anyone been in a similar situation (as the kid or the uncle) and have experience to share? + +He’s never had money and I expect is about to be around a bunch of prep school grads. My financial advisor says not to make any major gifts until ~junior year to avoid screwing up financial aid, but anything that is below the radar is fair game. Honestly I’m not sure a lump sum gift would be that effective. I’ve joked about “welcome to the upper middle class” but I’m sure he doesn’t really get it. He definitely doesn’t realize that he could hit me up for a few thousand dollars for pretty much anything and I would go for it. + +We already bought him a computer and tablet and some spending money for dorm room stuff. He was about to jump on a campus dining job, and I encouraged him to slow down and look for better things once he is settled. We got him a passport. We just bought him a tennis racquet because he was doing a tennis PE. + +He ought to get orthodontics done (oops I should have noticed in high school). So that’s something to work through, but I’m sure I can get him to find a decent local dentist. In general he might have catch up healthcare needs. He almost certainly needs therapy, based on what I’ve seen of the interactions with family. + +We went over how to talk to cops and that if he thinks he needs a lawyer or anything like that he should call me and not his clueless parents. Also how to not fuck up with sex or drugs. + +I’ve tried to be clear that “if someone asks if you want to go skiing at their place in Colorado over Christmas break, or Spring Break in Cancun, you can say yes, and I’ll help make it happen.” His response was “I don’t know how to ski.” I told him to take the skiing PE in the winter. He said it costs $500 extra. I offered him the $500, he demurred. I hope you’re getting the idea. + +So, without being too pushy, what can I do for him or tell him? He’s already super grateful for getting to university on full scholarship. I want to make sure he makes the best of it. + +ETA: thanks everyone for the great stories. That’s exactly what I’m here. And thanks for the kudos, but I encourage anyone to keep an eye on their family and look for opportunities like this. The initial investment was like $1k and less than 20 hours. It’s been very rewarding. And it was a good practice run for my own kids’ college admission process. +**INTERNATIONAL APES CAN ALSO COPY/PASTE AND EMAIL EITHER THE BBC OR YOUR LOCAL MEDIA/NEWS OUTLETS USING THIS TEMPLATE. THIS IS FOR EVERYONE.** + +**EDIT** : If you want just a general (non-UK specific) template, there's a one down in the comments. Linking [here](https://www.reddit.com/r/Superstonk/comments/whkrz2/comment/ij8hfmf/?utm_source=share&utm_medium=web2x&context=3). + +Any of you guys feeling tired, lied to, lazy or angry? Copy/paste this letter and send it to the BBC: + +* [newswatch@bbc.co.uk](mailto:newswatch@bbc.co.uk) +* [YourQuestions@bbc.co.uk](mailto:yourquestions@bbc.co.uk) +* [newsgathering@bbc.co.uk](mailto:newsgathering@bbc.co.uk) +* [haveyoursay@bbc.co.uk](mailto:haveyoursay@bbc.co.uk) +* [bbcnewschannel@bbc.co.uk](mailto:bbcnewschannel@bbc.co.uk) + +^(\*\*these addresses were found online and were shared by the BBC themselves.) + +And here is the post that inspired this letter, with much credit to the author [u/Lorien6](https://www.reddit.com/u/Lorien6/): [https://www.reddit.com/r/Superstonk/comments/wh7n2r/dtcc\_is\_committing\_securities\_fraud/](https://www.reddit.com/r/Superstonk/comments/wh7n2r/dtcc_is_committing_securities_fraud/) of whom wrote the majority of what is included within the post as below (I’ve simply framed it in a way that’s ready to send). [u/Lorien6](https://www.reddit.com/u/Lorien6/) \- seriously dude, your write up was a pleasure to read. + +Like RC said, “**Ask not what your company can do for you – ask what you can do for your company**.” ^(Ryan also said ")\*\*^(work is so sexy)\*\*^(" and for change to happen, putting the work in matters. And you know, it's sexy.) + +*This isn't limited to the BBC, so if there's another media/news outlet that would benefit from the information as below, please do share links and contacts and I will add them up here!* + +[Adding a picture of DTCC CEO Michael C. Bodson - as an image of Victoria Coren Mitchell is appearing as a thumbnail for this post \(due to a BBC article as below\). For clarifications sake - Victoria is not involved and is a national treasure. Unfortunately, the same cannot be said for Michael C. Bodson \(who is coincidentally also stepping down from his role this month\). ](https://preview.redd.it/6vpse30v94g91.jpg?width=872&format=pjpg&auto=webp&s=a73a93f531ea8d93c811e43090c64c059cebabad) + +**NB - REMOVING REFERENCE TO THE FC-06 CODE \[AS OF 06/09/22\] DUE TO** [DEBUNK](https://www.reddit.com/r/Superstonk/comments/x6m6za/comment/in7sk4j/?context=3) **BUT MORE EVIDENCE HAS BEEN ADDED IN IT'S PLACE.** + +Dear Sir/Madam. + +**The DTCC has committed international securities fraud.** + +And in keeping with the BBC’s Mission "to act in the public interest, serving all audiences through the provision of impartial, high-quality and distinctive output and services which inform, educate and entertain" (as stated here: [https://www.bbc.com/aboutthebbc/governance/mission](https://www.bbc.com/aboutthebbc/governance/mission)**)** and focusing on the importance of the BBC’s role in to serve and **“provide impartial news and information to help people understand and engage with the world around them”** I am forwarding the below to ensure that the BBC is using their position as a publicly funded corporation to impart accuracy in the content they deliver and the truth surrounding the issues as evident within the American securities market, of which UK shareholders are directly impacted. + +Please note that this correspondence will act as a matter of record - to demonstrate that your organisation was provided information as pertaining to issues surrounding international securities fraud, and thus as a news source outlet, your editorial responsibility to report the truth is essential and a refusal to do so for any reason, will have far reaching implications (for not only those who hold affected securities) in which will create a basis for further investigation later down the line. + +Please read as below: + +I have evidence to believe that the DTCC has committed securities fraud on the ticker GME (GameStop) which is diluting the value of shares held by institutional and retail investors around the globe. + +Here is a very short article on Medium: [https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8](https://medium.com/@cuitlahuacpinedayouniss/has-the-dtc-failed-to-deliver-gamestops-dividends-25860d01d1f8) which aims to not only provide context as a basis for this letter - but shows there exists extensive evidence demonstrating that many brokerages around the world were informed by the DTC, who are the custodians of these securities, to issue shares on behalf of GameStop in a manner that was fraudulent and against the wishes of the company. + +The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for the financial markets and settles most securities transactions in the U.S. DTCC's subsidiary, The Depository Trust Company (DTC) provides securities movements for NSCC's net settlements, and settlement for institutional trades (which typically involve money and securities transfers). + +Being such an essential functioning key participator within the American Financial Markets, it struck me as odd that instead of filing the correct form needed to carry out the split-dividend as was issued by the company (a statement as provided by GameStop to clarify the nature of the request as was issued 05/08/22: [https://news.gamestop.com/stock-split/?n](https://news.gamestop.com/stock-split/?n)) the DTC told brokerages in the US, and internationally, to split the GME shares into four, rather than issue dividend shares as per the corporate action described in GameStop's 8-K filing. + +Here in this form, you can also see the process type was listed as 'stock split' and not dividend, as was instructed: [https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc\_form\_for\_gme\_splividend\_from\_dnb/](https://www.reddit.com/r/Superstonk/comments/wf9mos/dtcc_form_for_gme_splividend_from_dnb/) + +It should also be noted that this should have been performed under the DVSE ISO code but, again, wasn't. Further discussion and evidence to support these claims can be found here: [https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone\_keeps\_asking\_for\_proof\_of\_the\_fraud\_by/](https://www.reddit.com/r/Superstonk/comments/x5eshu/everyone_keeps_asking_for_proof_of_the_fraud_by/) + +The DTC instruction also specified ISO-15022 code SPLF (Forward Split) rather than DVSE (Stock Dividend) so cannot be excused an US Imperial/Metric cause of mistake. See: [https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm](https://www.iso20022.org/15022/uhb/mt564-5-field-22f.htm) + +And here is the Securities Fraud law broken by the DTCC. Securities and Commodities Fraud 18 U.S. Code Statute 1348: [https://www.reddit.com/r/Superstonk/comments/x5sgk2/here\_is\_the\_securities\_fraud\_law\_broken\_by\_the/](https://www.reddit.com/r/Superstonk/comments/x5sgk2/here_is_the_securities_fraud_law_broken_by_the/) + +So this begs the question: **Why can’t the DTC deliver the product they are custodians of?** + +Canada's own CDS (The Canadian Depository for Securities Limited) has stated that the DTC advised them to split the shares rather than distribute new dividend shares. The GameStop 8-K filing, dated July 6, 2022 states that the 4-1 split is to be issued "in the form of a stock dividend." Reference: [https://news.gamestop.com/node/19826/html](https://news.gamestop.com/node/19826/html) + +In Germany the same thing is occurring and the Bafin (essentially the securities exchange police), have confirmed that GameStop dividend shares are incorrectly booked in Germany. Reference: [https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung\_2022\_08\_02\_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1\_cid502](https://www.bafin.de/SharedDocs/Veroeffentlichungen/DE/Meldung/2022/meldung_2022_08_02_gamestop.html;jsessionid=6718D126425080BD1AD3C6C26C55F6A3.1_cid502) + +The same reports are emerging at a concerning rate from as far reaching as Korea, Hong Kong, Switzerland, Cyprus and many other countries around the globe. + +Reports out of Korea are stating that their International Equities Team along with their Depository Leader and Counselor will be making a statement on this situation shortly. This is all further evidence that naked shares (otherwise known as synthetic shares or counterfeit shares) have been issued en masse to retail investors around the globe. For your reference, Naked shorting is the illegal practice of short selling shares that have not been affirmatively determined to exist. + +This should be front page on every newspaper around the world and now that this information is in your capable hands, I trust you will do all that you can in your endeavours to investigate this further for the sake of ensuring that the public are well informed and protected in light of potentially criminal activities. + +Thank you, + +Additional reading: + +1. [https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond\_the\_wool\_the\_smoking\_gun\_and\_how\_the\_dtcc/](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/) +2. [https://twitter.com/dlauer/status/1554128249638330369](https://twitter.com/dlauer/status/1554128249638330369) +3. [https://www.reddit.com/r/Superstonk/comments/whu9dm/we\_having\_fun\_yet/](https://www.reddit.com/r/Superstonk/comments/whu9dm/we_having_fun_yet/) +4. [https://www.reddit.com/r/Superstonk/comments/wg19eg/korean\_apes\_havent\_received\_their\_dividend\_ksd/?context=3](https://www.reddit.com/r/Superstonk/comments/wg19eg/korean_apes_havent_received_their_dividend_ksd/?context=3) + +**EDIT**: For full transparency, have changed some instances of DTCC to DTC (Depository Trust Company). As rightfully flagged by u/Clinticus_d_Dogeman “May seem like semantics however they are two different entities and the DTC is whom shares were allotted to.” + +I appreciate the input from this community and thank them for their contribution and insight. + +[It seems we've made a splash folks - and to all journalist coming here for the first time, welcome. Are you going to be the one to break this story first?](https://preview.redd.it/woy9bt62d6g91.png?width=2142&format=png&auto=webp&s=01d882c62618c873b5ecaa602b71e8e52441e66d) + +**EDIT**: Loving all the feedback! A lot of suggested contacts, so going to link them as below. For the record, I haven't verified all of these and ask only that you suggest contact details of those whose information is already publicly available. No personal info or harassment, these people have lives too: + +* [guardian.letters@theguardian.com](mailto:guardian.letters@theguardian.com) (goes to the editor) +* [observer.letters@observer.co.uk](mailto:observer.letters@observer.co.uk) (goes to the editor) +* [financial@theguardian.com](mailto:financial@theguardian.com) +* Consumer investigative column in weekly Money section [consumer.champions@theguardian.com](mailto:consumer.champions@theguardian.com) +* International news desk: [international@theguardian.com](mailto:international@theguardian.com) + +To find your local MP (in the UK) - you can do this here: [https://members.parliament.uk/members/Commons](https://members.parliament.uk/members/Commons) + +To find your state representative (US) - you can do this here: [https://www.house.gov/representatives/find-your-representative](https://www.house.gov/representatives/find-your-representative) + +[u/Born\_Gain\_817](https://www.reddit.com/user/Born_Gain_817/) \- "Here is another resource we could use to send information to: [https://www.icij.org/leak/](https://www.icij.org/leak/)" + +[u/BSW18](https://www.reddit.com/user/BSW18/) \- "The most vocal media are Indian media outlets. If you have seen recent war coverage then you probably know it. Additionally they keep repeating same news over and over so many times: + +* Arnab Goswami at Republic TV +* AAJTAK 24 HOUR NEWS +* ZEE BUSINESS NEWS +* NDTV +* PALKI AT WION TV +* INDIA TODAY" + +u/LuminoHK \- "I am a Hong Kong Ape, and gather some contact of some financial magazine here:" + +* [eugene.tang@scmp.com](mailto:eugene.tang@scmp.com) +* [letters@scmp.com](mailto:letters@scmp.com) +* [info@hket.com](mailto:info@hket.com) +* [imktg@hket.com](mailto:imktg@hket.com) +* [content@nmg.com.hk](mailto:content@nmg.com.hk) +* [enquiry@nmg.com.hk](mailto:enquiry@nmg.com.hk) + +[u/Sweetgirl\_j](https://www.reddit.com/user/Sweetgirl_j/) \- "I’m wondering about Amy Goodman and the team at Democracy Now on NPR. They always give the little guy a shot and they have very good following. I’ve seen them cover tiny protests in upstate Troy because fans requested it: [https://www.democracynow.org/contact](https://www.democracynow.org/contact) + +Twitter: [https://twitter.com/democracynow?s=21&t=0a5GzajmT9yxFVq8BRIpnw](https://twitter.com/democracynow?s=21&t=0a5GzajmT9yxFVq8BRIpnw) + +[u/Conscious\_Student](https://www.reddit.com/user/Conscious_Student_37/) \- "You can also direct submissions to [www.sec.gov/tcr](http://www.sec.gov/tcr) \- that’s where the DOJ directs reports of securities fraud." + +[u/xiodeman](https://www.reddit.com/user/xiodeman/) \- "For 60 Minutes - [investigates@cbsnews.com](mailto:investigates@cbsnews.com) and phone/Signal (212) 975-7171" + +[u/Squirrel\_Inner](https://www.reddit.com/user/Squirrel_Inner/) \- + +* [Investigations@npr.org](mailto:Investigations@npr.org) +* [nytnews@nytimes.com](mailto:nytnews@nytimes.com) +* [tips@rollingstone.com](mailto:tips@rollingstone.com) +* [evening@cbsnews.com](mailto:evening@cbsnews.com) +* [weekend@cbsnews.com](mailto:weekend@cbsnews.com), +* [mediarelations@ap.org](mailto:mediarelations@ap.org) +* [https://network.aljazeera.net/contact-us](https://network.aljazeera.net/contact-us) +* [https://www.pbs.org/publiceditor/feedback/](https://www.pbs.org/publiceditor/feedback/) +* [https://www.reuters.com/info-pages/contact-us/](https://www.reuters.com/info-pages/contact-us/) + +[u/Acceptable\_Car\_1145](https://www.reddit.com/user/Acceptable_Car_1145/) \- "Be nice, these people are professionals" Agreed. + +Sky News: [news.plan@sky.uk](mailto:news.plan@sky.uk) / [news@skynews.com](mailto:news@skynews.com) / [Kay.burley@sky.uk](mailto:Kay.burley@sky.uk) / [Mark.Kleinman@sky.uk](mailto:Mark.Kleinman@sky.uk) \- Sky News Financial Correspondent + +Any other sky presenters or journalists use the same email template [name.surname@sky.uk](mailto:name.surname@sky.uk) + +[u/TheArmoursmith](https://www.reddit.com/user/TheArmoursmith/) \- "UK financial markets are heavily regulated. It would be more effective to report to the Financial Conduct Authority: [https://www.fca.org.uk/](https://www.fca.org.uk/) Specifically: [https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual](https://www.fca.org.uk/markets/market-abuse/how-report-suspected-market-abuse-individual) If you've bought shares through a UK broker, they are regulated by the FCA" + +[u/4GIVEANFORGET](https://www.reddit.com/user/4GIVEANFORGET/) \- "Twitter accounts for large public radio stations mostly in US and a couple other news outlets" + +@ pns\_news / @ underground\_for / @ silencedmedia / @ akpublicnews / @ wknofm / @ wwno / @ wync /@ 917wvxu / @ coloradosun / @ mpr / @ nsprnews / @ michiganradio / @ kiosomaha / @ kchuradio / @ wpln / @ ksut / @ COpublicradio / @ freepublicradio / @ npr + +[u/Uranus\_Hz](https://www.reddit.com/user/Uranus_Hz/) \- "HOW TO CONTACT YOUR STATE/PROVINCE SECURITIES REGULATOR:" For the US, Canada & Mexico: [https://www.nasaa.org/contact-your-regulator/](https://www.nasaa.org/contact-your-regulator/) + +............................................................................................................................................................................. + +**EDIT**: Providing evidence for the purposes of accountability to demonstrate that any number of main stream media entities, particularly those as listed below, cannot deny being in prior knowledge of these events after the fact - and to use plausible deniability as reason not to fulfil their obligation as a trusted platform to report the truth as news to the public. + +[CREDIT: https:\/\/www.reddit.com\/r\/Superstonk\/comments\/whupfa\/we\_cant\_let\_them\_plug\_their\_ears\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/yv0cvwfj2kg91.png?width=272&format=png&auto=webp&s=987b440eaf9e22f1a7ffb8ed5d2d0ec438d40e93) + +[CREDIT: https:\/\/www.reddit.com\/r\/Superstonk\/comments\/whonr3\/im\_doing\_my\_part\/?utm\_source=share&utm\_medium=web2x&context=3](https://preview.redd.it/ny5qb7003kg91.jpg?width=640&format=pjpg&auto=webp&s=f2d554bf934478073d631061489ac4737d53308b) +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). +As the title really. If someone is screaming at you and calling you out for selling they are not doing this because they are worried about your gains. They are worried about their own, they bought high and need the price up to recoup their losses. + +Someone in profit quietly takes their gains and walks away, or quietly rides it out. + +Someone who believes in the project will ride it out too, they will understand you taking profits, they will be confident someone else will buy in. They will generally behave in an encouraging manner. + +People doing the shouting are usually bag holders, this all may be obvious to most of you, but for some, particularly when it is "your coin" it is hard to see. + +Take a step back and look objectively at it as if it were another coin, think about how you would feel looking from the outside. + +A community that berates you for selling when you want to is toxic and should be a red flag. + +Take care out there people +I’m 20 years old, and I’ve traded Forex for around a year now. The trading lifestyle definitely has its ups and downs. I remember first starting out and using Excel to find out my potential profits. I remember thinking to myself, “Wow! If I grow my account 3% a day I’ll be a millionaire in no time!” Seeing the Excel sheets and the compounding growth gave me a motivation that I’ve never experienced in my entire life. I read so many books on trading from Babypips all the way to Advanced Quantitative Trading Techniques. I’ve been very successful so far and have made more money than a 20 year old should have, but for all those thinking that this is an easy road, it’s not. + +It saddens me seeing the countless people getting into trading whether it be securities or Forex and losing it all. People that lack basic fundamental knowledge “yoloing” their life savings on options or over leveraging their accounts and blowing it up within days or weeks. This game requires patience and a drive to learn. You’d have better luck going to Vegas than trying to trade if you don’t put in the time and work. At the same time, I think this is something everyone can do. You don’t need to be especially smart to be successful. Having a passion for this is really all this takes. If you can sit down for 8 hours and enjoy reading and learning, you’re in the right place. + +Please, I beg of you. Don’t watch a YouTube video and think “I’m gonna be a millionaire,” and throw your life savings at this. The most important advice ever given to me was that you should always be ready to lose everything you put into this. It’s going to cost you time, money, and probably your sanity, but if you can pull it off, you won’t have to endure a life slaving away at some corporate finance firm working 100+ hours a week doing menial tasks for your dickhead boss. + +Edit: Super happy that so many people found this helpful! +https://www.newstatesman.com/society/2022/07/60-per-cent-brits-average-income + +Beyond the headline there's some interesting graphs. + +Snippets below, but worth reading the whole thing. + +- + +> The median household income in the UK (after direct taxes have been deducted) was £31,400 in the financial year ending in 2021, according to the latest figure from the Office for National Statistics. + +- + +> As many as 59 per cent of those with a household income of £80,001-£100,000 say they earn “about average”. + +- + +> We tend to be surrounded by people who are in a similar financial situation, and therefore consider ourselves “the norm” no matter what we earn +The description for this sub says “we are selling options to WSB degenerates.” + +I don’t see “conservative income generating retirement strategies for chickens” anywhere in the description however. + +Edit: Thanks for the lively discussion. Here’s a tldr of the general categories most comments fall under: +(1) they’re scary and you’ll lose all your money +(2) we tell that to beginners who should learn on less volatile tickers first +(3) the sub description is inaccurate +(4) the sub description is no longer accurate, because memes are less predictable than they used to be +(5) this is a large sub with many different opinions +(6) it’s fine, just understand the risks +(7) I do it all the time, those boomers should go back to bed +I read this article from NPR on 6 policies that economists support that are impossible politically. [https://www.npr.org/sections/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate](https://www.npr.org/sections/money/2012/07/19/157047211/six-policies-economists-love-and-politicians-hate) + +They all made sense to me except for number 4: replace income taxes and payroll taxes with consumption taxes. + +&#x200B; + +I understand that if you tax something that there will be less of it, and we generally want more income and jobs. So those are bad things to tax all other things remaining equal. But we also, at least when inflation is not significant, want more consumption, because consumption allows for people to have income and jobs because of the circular flow of money from consumers to businesses to individuals as employees, then back to businesses as those individuals act as consumers. + +So the question is: What are the advantages or disadvanteges of consumption taxes for revenue over income and payroll taxes for revenue? which factor tends to dominate? if any factor dominates? +> A Long Island man who only ever made one mortgage payment has deftly used the courts to stay in the house for 23 years — for free, according to legal papers. + + +https://nypost.com/2021/05/01/ny-man-dodges-eviction-for-20-years-living-in-foreclosed-house/ +Just because some stock has exceeded a triple digit P/E ratio doesn’t mean it will fall. Why? Because irrational pricing can last years, and can continue rising against all common sense or logic. + +Worse, it can do both until you run out of funds, until you become insolvent. +A major part of trading success is to know when not to trade. As Warren Buffet famously said, “The stock market is a no-called-strike game” and that is true for all markets that we trade in. That means we do not have to trade unless we find compelling opportunities that have risk vs reward trading profiles that are skewed in our favour. + +Opportunities will eventually appear if we are patient enough. Now is the time to be patient. +How do I stay away from getting scammed while buying a property? + +My family is buying our first home. We found the agent online & he showed us few flats. We liked one and did some negotiation & now have a good price for it but I'm a bit sceptical because we found the agent online & I've been scammed once before (It wasn't related to property & wasn't a very big amount either but it was enough to make me paranoid) + +Here's some info on the flat: +The ones selling are the first owner of the flat. A little bit of their loan is still remaining which they will clear from the money we give. + +Any help would be very appreciated. Thank you! +Throwaway account. +i was adopted to a great, loving, incredible family before i was born. met my birth parents at age 28. my wife and i had a baby recently. I own a fairly successful business that plans on hitting net 400k profit this year, making 200k/year, solid retirement, and investment portfolio. + +My birth father told me tonight that his father, my grandfather, said that he would give me a million dollars if i change my and my daughters last name to his. super grateful for this offer, for my upbringing, for everything really - i’ve been blessed to have certain opportunities. + +a million dollars would be life changing, duh, but honestly, i’m kind of torn here and not sure what to do. i feel like i’d be letting my parents (who raised me and name i carry) down by changing it. i guess i could change it, get the money or invest/move it to a new entity to invest in property, and always change it back to my current last name, but idk. + +aside from the slight, or not so slight, headache of dealing with the SSA changing legal names, it is feeling like a weird “indecent proposal” and a little bit scuzzy of an offer. my birth grandfather doesn’t have any other grandchildren or great grandchildren and he’s 94, nearing the end of his life and wants “to keep his blood line going and his rare family name to continue.” + +just looking for any insight or advice here. i love my parents and life is strange. +**Why We think TraceSafe (TSF.CSE) is one of the most undervalued Tech stocks in Canada** + +CSE: TSF and OTCMKTS: UTOLF + +&#x200B; + +**Highlights of the Topic** + +* **Government Contracts (Hong Kong, Singapore, Cayman)** +* **Venue Management (TD Gardens, IIHF World Junior Hockey Championships)** +* **Peer Group Analysis** +* **Summary/Conclusion** + +&#x200B; + +**Introduction:** + +TraceSafe owns 100% of the rights and interests in the real-time location tracking technology known as TraceSafe. TraceSafe includes original hardware such as wearable products, like a bracelet band or an access card, which has an embedded chip that can track the wearer's location to provide exposure notification. + +Over a 10-year period, TraceSafe has developed a robust and secure cloud-to-device platform that is designed to be highly flexible. This allows the technology to be tailored to many different applications, including contact tracing, quarantine management and real-time location services for company employees. This technology utilizes advanced low power Bluetooth beacons and ensures both user privacy and administrative control. + +So far the company has successfully deployed its solutions across a variety of sectors. + +&#x200B; + +**Government Contracts** \- TraceSafe has won government contracts in Cayman Islands, Singapore, and Hong Kong. These government contracts are lucrative as all travelers going to these destinations are required to self Quarantine with TraceSafe devices. So far, TraceSafe has been working together with the government of Hong Kong since March 2020, and more than 150,000 TraceSafe solutions have been deployed. Additionally, contracts have been signed with hospitals in Singapore to track patients and beds, and a SE Asian Conglomerate (the customer has not disclosed for privacy reasons, but many people say that this client is Singapore Health Ministry). The Company is in active discussions with over 20 governments and is likely to announce a new deal with another government in Asia or North America. + +&#x200B; + +**TraceSafe and Hong Kong contract:**[https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands](https://www.bloomberg.com/press-releases/2020-09-10/tracesafe-secures-new-order-in-hong-kong-for-quarantine-management-wristbands) + +**TraceSafe Hong Kong Case Study:**[https://www.youtube.com/watch?v=IUmyKaytCZc](https://www.youtube.com/watch?v=IUmyKaytCZc) + +**Hong Kong deal a ‘catalyst’ for future deals:**[https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html](https://ca.proactiveinvestors.com/companies/news/930200/tracesafe--pandemic-has-become-a-catalyst--for-contact-tracing-bracelets-after-hong-kong-contract-930200.html) + +**TraceSafe order with Southeast Asian conglomerate:**[https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate](https://www.accesswire.com/607388/TraceSafe-Awarded-Large-Scale-Order-from-Southeast-Asian-Conglomerate) + +&#x200B; + +**Venue Management** \- Venues were hard hit by Covid with many sports teams experiencing significant financial distress as they mainly had to cease operations, and can no longer have fans at games. TraceSafe has inked contracts with the IIHF World Junior Hockey Tournament in Edmonton, Canada TD Gardens in Boston and Lampert Stadium in Toronto (Toronto Wolfpack rugby team). Getting approved for both TD Gardens and the World Juniors is a big deal as it was approved by Hockey Canada and likely points to potentially working with teams from the NBA or NHL in 2021. In addition to the covid use case, TraceSafe bracelets can be outfitted with payment capabilities to use for Concession stands. Privately held Delaware North owns TD Gardens, and is one of the biggest private hospitality and restaurant companies in the world (as per Forbes). If all of these deals are successful, it sets the stage for TraceSafe to work with some of the biggest sports and venue companies in the world. The deal with Hockey Canada involves a partnership with one of Canada’s biggest telecommunications providers, Telus. Powered by Telus’ world-class wireless network, Tracesafe technology is deployed across the tournament bubble to provide quarantine management and monitoring of exposures. There are no other contact tracing companies in Canada that have partnered with a company of Telus’ magnitude, and it is expected that this partnership will continue as TraceSafe solutions are deployed among Telus’ corporate clients and employees. Hockey Canada, IIHF, Telus, TD Gardens (Delaware North)...the clients don’t get much bigger and better than this. + +&#x200B; + +https://preview.redd.it/o2txn3594r661.png?width=262&format=png&auto=webp&s=8d6ed5e021d0850a986de3ca9c1a338a2a402ce6 + +&#x200B; + +https://preview.redd.it/posbfr2a4r661.png?width=761&format=png&auto=webp&s=5e0339ea4d1b8816681f9e68720f6899eef9f3d5 + +&#x200B; + +**TraceSafe and Telus IoT marketplace:**[https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07](https://www.marketwatch.com/press-release/tracesafe-approved-for-nationwide-corporate-sales-in-telus-iot-marketplace-2020-12-07) + +**TraceSafe and IIHF World Junior Hockey Championships:**[https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html](https://ca.sports.yahoo.com/news/tracesafe-contact-tracing-2021-iihf-120000807.html)**TraceSafe partnership with Telus for IIHF World Juniors:**[https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble](https://www.telus.com/en/about/news-and-events/media-releases/tracesafe-and-telus-iot-solutions-are-safeguarding-the-iihf-world-junior-championship-bubble) + +**TraceSafe and TD Gardens:**[https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden](https://www.sporttechie.com/tracesafe-contact-tracing-deployed-at-bostons-td-garden) + +&#x200B; + +**Enterprise Management:** Enterprise in the biggest opportunity as the Private Sector dwarfs the public for cases. TraceSafe has begun to work with one of Singapore’s biggest construction companies, Boustead Construction. This sets the stage for further deals in Asia within the construction or office segment. TraceSafe technology can be used within this segment to provide location tracking, and greater insights into workplace habits and the safety of workers. It becomes a big data play at this point. + +**Market Size** + +&#x200B; + +https://preview.redd.it/tmgfvmsa4r661.png?width=982&format=png&auto=webp&s=42a3fdc47ad0e494d7b027e2680e12bb4bf51846 + +The markets TraceSafe operates in are massive with Enterprise Contract Tracing & Wearable Tech being by far the biggest markets. + +On the enterprise front, TraceSafe signed a deal with UKG which is a company built by the merger of Kronos and a Florida-based software provider called Ultimate Software. The company is one of the biggest cloud computing companies in the world with top-tier clients that include Tesla, Marriott, Samsung, Yamaha, Sony Music, The Salvation Army, Miami Dolphins, Phoenix Suns, Revlon. Given the huge number of employees that these companies employ. We anticipate significant revenues to start showing up in Q1 from these customers and more deals in the Enterprise Space as a result of this partnership. + +**Airbeam Stake** + +TraceSafe currently owns a 13.5% stake in a company called Airbeam that is a 5G smart cities enabler built by former Qualcomm execs. Airbeam is due to IPO in Q1 2021 and the company is currently valued between 200-400M. This puts TraceSafe ownership around 27-54M. Wayne Lloyd announced a decision to issue Airbeam shares via Special Dividend to TraceSafe shareholders once the company goes public. + +Below is a calculation of how big this dividend will be given a few different Airbeam Valuation scenarios. + +Airbeam Valuation & Expected $TSF Special Dividend + +150M Valuation = $0.57 per TSF Share + +200M Valuation = $0.76 per TSF Share + +300M Valuation = $1.14 per TSF Share + +400M Valuation = $1.52 per TSF Share + +**Comparison of the Competitors**Now let’s compare the Valuations of TraceSafe’s closest competitors (FaceDrive, Loop Insights) + +\*TraceSafe (TSF)\* + +Market Cap: 22 Million + +**Q3 Revenues: $1.1 Million (100% growth over Q2 with revenue only partly recognized for Hong Kong contract)** + +**Shares Out: 35 million** + +&#x200B; + +*FaceDrive (FD)* + +Market Cap: 1.55 Billion + +**Q3 Revenues: $266,460Shares Out: 94 million** + +&#x200B; + +*Loop Insights (MTRX)* + +Market Cap: 230 Million + +**Q3 Revenues: $0Shares Out: 106 million** + +&#x200B; + +https://preview.redd.it/ob2vxspb4r661.png?width=1220&format=png&auto=webp&s=1cdd62706b3691499109aaf4ff6d9c3fdb738d8e + +As you can see from the comparison, the contrast in valuations is quite large. Although it speaks to the bloated overvaluation in both $FD and $MTRX, it also underscores how grossly undervalued TraceSafe is as compared to Loop and FaceDrive, which have spent millions of marketing. Facedrive in particular spent over $8million on marketing in June 2020. + +&#x200B; + +**Summary/Conclusion:** *Growing Revenues and Bargain Valuation of Tracesafe* + +So far, TraceSafe has advanced from the Proof of Concept phase and is growing revenues rapidly. Q3 saw Revenues increase 100% with Q4 Revenues expected to be around 2 Million, which is another 100% Increase. Based on this impressive growth, the market currently is giving TraceSafe around a 4x Sales Multiple. Given QoQ Revenue growth of 100%, this doesn’t seem justified at all. + +* **Growing Margins are increasing profitability and will see the Company become Cash-flow positive in 2021.** +* **TraceSafe is diversifying their product line-up to include Venues, Cruise Lines, Construction Sites, and well-poised to capitalize in 2021.** +* **TraceSafe’s stake in Airbeam is now worth 40.5M-54.0M and management is likely to issue Airbeam shares to shareholders.** +* **The market for Enterprise Wearables expanding at 41% a year bodes well for TraceSafe** + +We feel that TraceSafe’s low valuation is a temporary imbalance given the lack of analyst coverage in small-cap markets which will correct. As to when this correction will occur, the best cure for undervaluation in the Small Cap space is + +**1) Promotional marketing or** + +**2) let the results speak for themselves** + +We feel that the company is proving its model, seeing successes in expanding its product line and customer base alongside a very Successful investment in Airbeam which de-risks investing in TraceSafe as investors today are getting 2 high-quality tech stocks for the price of 1. + +&#x200B; + +***Estimates and Price Target For TraceSafe*** + +Q4 2020 Revenues: 2M + +FY 2021 Revenues: 20M + +P/S Multiple: 15x + +12 Month Price Target: $9.65 (includes Airbeam Spin-Off Value) + +\*In Wayne We Trust\* +I was selling my home privately and was approached by a woman I knew who wanted to buy it - I didnt clue in til later that she is a wholesaler. + +She offered 25k less than my asking price (which was already priced below comparables) to "save me the cost of realtors, inspections, closing costs and walk throughs" as if I hadnt already taken care of all that and had no idea what was involved in selling a house. + +Then she explained how she would "buy" the house now and take over all the costs and continue to pay my mortgage and then actually do the closing and buyout in two years - a future sale agreement. Which MIGHT make sense to someone desperate to get out of their house asap and doesnt care about losing their hard earned equity (I reno'd the entire house myself after 15 yrs of ownership) + +There was no way I was going to do that. But the infuriating part is that later, through our mutual fb group, I find out she doesnt even HAVE the money to buy houses. She was pulling a wholesaler's *stunt* where she pretends to have the cash to buy and only puts the house under contract and then hopes to find a buyer before the closing date and flips the contract to the new buyer, making a profit and doing absolutely nothing to earn it, other than trying to take advantage of a perceived distressed seller which I was not. + +The RE industry is already rife with enough shady deals. This kind of ploy, often touted by RE "gurus" on how to buy houses "with other people's money" is bullshit, especially when the "buyer" does not actually have the means to buy the house like they pretend to. Whenever I see this vulture responding to other people who are advertising their homes, I warn them about her ploy because its just plain unethical. +>On Jan. 11, the Reserve Bank of India (RBI) said, “the disconnect” between how the economy is fairing and how the stock markets are performing has accentuated in recent times and now “pose risks to financial stability” of the country. The observation was part of the RBI’s annual financial stability report + +https://qz.com/india/1955901/rbi-says-sensex-nifty-rally-amid-poor-economy-could-be-risky/ +I understand the basics of what caused the bubble. Subprime mortgages being rated higher than their worth by investment banks believing housing prices would continue rising, even if homeowners defaulted on their mortgages. There’s much more complexity to the picture than I’m detailing, but what I’m most curious about is what finally popped the bubble. What news leak or report or analysis finally caused housing prices to plummet. +Your markets are run by bots. Now your daily threads are too. + +[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: 131072 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[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: 131072 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +A company spokesperson stated that the decision is a result of the bank's ongoing evaluations of the costs and benefits of serving different industries. This decision follows a statement from Wells Fargo last year that WFC had begun limiting credit exposure to the private prison industry and had ceased actively marketing to that sector. + +&#x200B; + +US banks in 2018, including Bank of America and Wells Fargo, raised approximately 1.8 billion in debt for 3 deals for GEO Group and CoreCivic; 2 major private prison operators. + +&#x200B; + +[https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE](https://www.reuters.com/article/us-jp-morgan-prisons/jpmorgan-backs-away-from-private-prison-finance-idUSKCN1QM1LE) +This is not about $GME anymore, this is about setting terms straight: + +**Retail does not want to be manipulated anymore.** + +For decades Wall Street was manipulating securities, getting away with it, and blaming it on others. Through the media, bullshit target prices, naked short selling, or other forms of manipulation mentioned [here](https://en.wikipedia.org/wiki/Market_manipulation) (Kenneth, [this one](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca)'s for you). Citadel and many other MMs - don't misinterpret with Market Makers, we're talking about Market Manipulators here - got away with their dirty tactics to make shitload of money and screw people over. They finally got caught in their own game and tried everything to turn it around, but Shitron didn't work, the media didn't work, more aggressive selling didn't work. Now they're calling through some random crooks for regulations. + +**BULLSHIT.** Regulation for what? Exchange of ideas? Our own Due Diligence? Winning against you in your own game? Yeah, in most cases your buddies at the SEC would gladly do so if you tell them anyway. This time though? People finally came to the realisation what the fuck you guys are doing over there. It was known by many since 2008 but people forgot quickly, and now is the time to remind them that you are no one else's friend but your crooked buddies. + +I never thought I'd say this, but this community showed more leadership and guidance than any other media network. Providing knowledge, research, answers, many of you proven that **you are better people** than these fuckers with billions of dollars of AUM. You should be proud of yourselves as you are leading an unprecedented event in the history of finance. **Unprecedented.** This is why you should still guide others and be an example. Of course, we are not an entity and we will never be - just remember that you are a part of something great, maybe something that will change the way financial world operates, in a smaller or larger way. Remember that there are sharks among us who got pissed at the dirty games as well (shoutout to you Elon & Chamath). We are not alone. + +They blame us? Let's blame them. They will lose all credibility sooner than later, not to mention this incoming generation. The media is here now, you still might convince my 80-year old grandpa that the internet is something out of Pandora's Box, but soon enough you won't be able to convince a single person. We are an important source of information for many people, and I'm not talking about WSB, but about the people that make it. Let's go there in the world and spread the facts. + +Hence, dear Market Manipulators: + +***Do not mislead again. Do not manipulate again. Get your facts straight. Retail matters, and you will see it.*** +In most parts of the world, central banks are responding to inflation issues by increasing interest rates. To me, this seems to hit the middle and lower classes the hardest, by increasing their biggest expenses (mortgages). People can just buy less when products become expensive, but you can't really reduce loan payments without severe consequences. + +Why don't central banks consider price controls, especially on less elastic goods like food, as a strategy for dealing with inflation? What am I missing? Also, are there any economists that do advocate for alternative solutions to increasing interest rates? +Some time ago I made [this post where I looked for advice](https://www.reddit.com/r/fatFIRE/comments/bibpfa/successful_startup_investment_3835m/) on a startup investment that was doing really well. At the time consensus was to hold on to -at least part of- the investment. I ended up holding on to all of it. Especially the replies by u/bwc150 and u/Miposian and a couple of others (some of which are deleted by now) really helped clarify things and contributed to this decision. + +Long story short, I ended up selling last month for 7.5M, putting my net worth slightly above 11M after taxes. + +Can't thank the community here enough, I really feel I might have taken the 1M if the (conservative) FF crowd didn't react the way it did! + + +Well done internet strangers! +Here's the [source code](https://github.com/tstewart161/Reddit_Sentiment_Trader)! Note: this does need to be edited according to your needs (how many of the top you want to invest in, how you want to deploy it, etc.) + +And here's an [automated version](https://getquantbase.com/). Note: this is for \*investing\* in the sentiment index. The actual algo that tracks sentiment for you to do it yourself is the source code, and while it works to list out the stuff below, it ain't super pretty + +Your typical sentiment analysis stuff coming through. I do this stuff for fun and make money off the stocks I pick doing it most weeks, so thought I'd share. I created an algo that scans the most popular trading sub-reddits and logs the tickers mentioned in due-diligence or discussion-styled posts. Instead of scanning for how many times each ticker was mentioned in a comment, I logged how popular the post was among the sub-reddit. Essentially if it makes it to the 'hot' page, regardless of the subreddit, then it will most likely be on this list. + +**How is sentiment calculated?** + +This uses VADER (Valence Aware Dictionary for Sentiment Reasoning), which is a model used for text sentiment analysis that is sensitive to both polarity (positive/negative) and intensity (strength) of emotion. The way it works is by relying on a dictionary that maps lexical (aka word-based) features to emotion intensities -- these are known as sentiment scores. The overall sentiment score of a comment/post is achieved by summing up the intensity of each word in the text. In some ways, it's easy: words like ‘love’, ‘enjoy’, ‘happy’, ‘like’ all convey a positive sentiment. Also VADER is smart enough to understand the basic context of these words, such as “didn’t really like” as a rather negative statement. It also understands the emphasis of capitalization and punctuation, such as “I LOVED” which is pretty cool. Phrases like “The turkey was great, but I wasn’t a huge fan of the sides” have sentiments in both polarities, which makes this kind of analysis tricky -- essentially with VADER you would analyze which part of the sentiment here is more intense. There’s still room for more fine-tuning here, but make sure to not be doing too much. There’s a similar phenomenon with trying to hard to fit existing data in stats called overfitting, and you don’t want to be doing that. + +The best way to use this data is to learn about new tickers that might be trending. As an example, I probably would have never known about the ARK ETFs, or even BB, until they started trending on Reddit. This gives many people an opportunity to learn about these stocks and decide if they want to invest in them or not - or develop a strategy investing in these stocks before they go parabolic. + +&#x200B; + +**Results and some stats:** + +Right now I'm up 75% YTD, compared to the SP500's 15% (the recent spikes in GME and AMC have helped tremendously of course, and I don't claim that this is a great strategy, just one that has been lucky due to 2021's craziness) + +\- The strategy is **backtested** only to the beginning of 2020, but I'm working on it. It's got an annualized return of 35% (compared to 16% for the SP500) + +\- **Max drawdown of -8.7%** (aka how far it went down before coming back up -- interestingly enough, Reddit sentiment weathered COVID pretty well) + +&#x200B; + +**Reddit - Highest Sentiment Equities This Week (what’s in my portfolio)** + +Estimated Total Comments Parsed Last 7 Day(s): 501,150 + +|**Ticker**|**Comments/Posts**|**Bullish %**| +|:-|:-|:-| +|AM\* (ticker is probably banned here)|2,040|17| +|CLOV|1,944|15| +|BB|1,830|21| +|GM\* (ticker is probably banned here)|1,201|21| +|CLNE|888|33| +|WKHS|934|21| +|UWMC|740|19| +|CLF|1,069|13| +|SENS|1,255|7| +|ORPH|544|37| +|TSLA|512|40| +|AAPL|267|51| +|TLRY|290|31| +|MSFT|82|22| +|MVIS|56|40| + +&#x200B; + +Happy to answer any more questions about the process/results. I think doing stuff like this is pretty cool as someone with a foot in algo trading and traditional financial markets +Maybe I'm mistaken, but it appears that in pretty much every other developed country salaries >250k USD are nearly unheard of compared to the US where many bankers, doctors, lawyers, engineers, and managers are making that much. +In the year 2000 the minimum wage in the UK was £3.60. It has in the 21 years since risen to £8.91 - an increase of 147.5% + +Meanwhile: the average home in 2000 cost £89,597. It has since risen to £266,000, an increase of 197% + +This disparity between wages and house prices points toward greater inequality as poor families find it harder to become home owners. + +The story is much the same all over the world. What is the reason behind this disparity and what might be the solution? +# LET'S GET READY TO RUUUUUUMBLE! + +Hello there fellow PENNY PUMPERS and MEDV FREAKS! Welcome to tonight's MAIN EVENT! + +Despite the WWE-styled theatrics, this really is meant more of a simple comparison that will illustrate how severely undervalued MEDIVOLVE is, using a competitor as an easy example. + +This is not investment advice, and certainly not meant as a bash of CBDT, which has had a stunning performance in recent weeks. It is moreso meant as a detailed rationale of why I personally believe that MEDV is extremely undervalued at the present time. Much of these numbers below are inferred from webinars and other documents released by these companies, and so I can't take any kind of responsibility for the accuracy of this post. But I welcome any corrections or additional info in the comments and I will add to the original post. + +**LET THE GAMES BEGIN!!** + +# **DING DING** + +\--- + +# IN THE LEFT CORNER.... + +**MEDIVOLVE**($MEDV on NEO / $COPRF on OTC) + +Current Share Price: $.38 CAD ($.30 USD) +Outstanding Shares: 149.8M +TOTAL SHARES (including warrents / options / etc): 180.6M +Market Cap: 54.18M USD +Estimated Q1 Revenues: $30-$40 Million USD + +Company Description (as supplied by company) :Medivolve Inc. (NEO:MEDV; OTC:COPRF; FRA:4NC) seeks out disruptive technologies, ground-breaking innovations, and exclusive partnerships to help combat COVID-19 and generate remarkable risk-adjusted returns for investors. Specifically, Medivolve offers investors a diversified investment in the COVID-19 medical space across three areas; prevention, detection, and treatment. + +Medivolve’s primary focus is to provide convenient and assessable medical services for testing of the COVID-19 virus to help combat the pandemic. This is achieved largely through two acquisitions: 100% of Collection Sites, LLC and 28% of Colombian Sanaty IPS. Collection Sites is setting up a series of COVID-19 testing sites across the United States with appointments and payments will be handled through the online portal [www.testbeforeyougo.com](http://www.testbeforeyougo.com). Sanaty is setting up a series of full-service medical clinics offering a complete COVID-19 testing solution. + +**Important Facts:** + +* **Main business focus** is providing accessible COVID Testing across the USA via their "Collection Sites", with the option of three types of testing available from $59 - $179 USD per test (the vast majority of customers have been opting for the $99 Rapid Antigen Test). + * 78 Collection Sites currently active (although some were temporarily closed in Texas due to extreme weather of mid-February) + 33 new sites coming soon. + * \^\^ This is a 144% increase from 32 Collection Sites operational across the USA in January + * Plans to roll out 740 COVID-19 testing sites currently "under contract" across the U.S., with the potential for up to $428K USD of monhtly revenues PER collection site. (according to [Investor Presentation](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf)) + * January Sales of 73,973 Tests TOTAL at an Average Price of $96 per Test = **$7.1 million USD revenues for January**, *from only 32 Collection Sites* (Feb. 4, [source](https://finance.yahoo.com/news/collection-sites-provides-january-sales-123000629.html)) + * Reported serving 200,000 customers so far during Feb 22 Webinar (this webinar has not yet been made public sadly), which would = **$19.2 million USD in revenues in Q1 as of Feb 22** (if $96 average price remains) + * \^\^ It is unclear whether this may include some tests done in December 2020, however even if averaged over 90 days (Dec-Feb) this still indicates **well over 2000 Tests Per Day!!** +* **Secondary business focuses** include: + * 40% Ownership in Marvel Diagnstics' BlowFISH collection technology (ie. Covid and other Medical Testing through a simple breathalizer, which would replace nasal swabs) - [more details](https://finance.yahoo.com/news/medivolve-announces-investment-marvel-diagnostics-123000452.html) + * 100% ownership of Covixshield, a non-toxic disinfectant that converts into a protective shield when air dry, killing the coronavirus among other pathogens for up to 90 days after only 30 seconds of contact. - [more details](https://finance.yahoo.com/news/medivolve-enters-agreement-acquire-100-143000181.html) + * Transition of Collection Sites to eventually offer other services including blood work, vaccines and shots, telehealth, etc. However, this is really where Medivolve falls behind Empower in my opinion, is that they haven't established as clear of a plan for the company's future. +* Recently launched **$600,000 Investor Awareness Campaign** to take place over the next 3 months (began on Feb 24, [source](https://finance.yahoo.com/news/medivolve-announces-launch-investor-awareness-123000911.html)) with 3 different marketing companies: *Amherst Baer Marketing Services*, *Winning Media Marketing Services* & *EMC Marketing Services*. \[[source](https://finance.yahoo.com/news/medivolve-announces-launch-investor-awareness-123000911.html)\] + +**Q1 2021 Bottom Line:** + +* Revenues : Anticipated Q1 Revenues of ***$30 Million - $40 Million USD***\*, which in one quarter is 55-78% of their current Market Cap!\* + * \^\^\^ T*his estimate is only testing revenue, and does not include any other potential revenues from BlowFISH or Covixshield.* +* Margins : Medivolve has stated that their EBITDA margin is 55% [\[source\]](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf) + +**Upcoming Catalysts:** + +* Updated February Testing numbers to be released any day now. Expected to be over 100,000 or 3,500+ per day = $9-10 million in revenues at least in February +* Official Q1 Financials expected in early April +* Possible commercialization of BlowFISH Technology +* Possible commercial orders of Covixshield being announced. + +**More Info:** + +* Investor Presentation: [https://medivolve.ca/pdf/Medivolve-Investor\_Deck-31-Jan-9.58-am222.pdf](https://medivolve.ca/pdf/Medivolve-Investor_Deck-31-Jan-9.58-am222.pdf) +* *Test Before You Go* Website (public facing site for boooking a MEDV test): [https://testbeforeyougo.com/](https://testbeforeyougo.com/) +* Earlier Reddit DD on Medivolve: [\[](https://www.reddit.com/r/pennystocks/comments/l9orij/medv_coprf_additional_dd/)can't post due to this subs rule of not promoting other subreddits in posts...\] + +\--- + +# IN THE RIGHT CORNER.... + +**EMPOWER CLINICS**($CBDT on CSE / $EPWCF on OTC) + +Current Share Price: $1.30 CAD ($1.03 USD) +Outstanding Shares: 295M +TOTAL SHARES: 350M +Market Cap: 360.5M USD +Estimated Q1 Revenues: $16-$20 Million USD + +Company Description (as supplied by company) :*Empower* is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care, and world-class medical diagnostics laboratories. Supported by an experienced leadership team, Empower is aggressively growing its clinical and digital presence across North America. Our Health & Wellness and Diagnostics & Technology business units are positioned to positively impact the integrated health of our patients, while simultaneously providing long term value for our shareholders. + +**Important Facts:** + +* The share price of Empower has increased by nearly 400% already since January 1st. +* Main business focus is to us COVID Testing funds to fund the expansion of a network of privately run clinics in the USA & Canada that focus on the following care: Family physicians, Walk-in physicians & Tele-medicine and virtual care; as well as paramedical care including: Chiropractic, Physiotherapy, Registered Massage Therapy, Chiropody, Acupuncturists, Osteopaths and Nutritionists. + * Currently has **6 clinics** in the US that pull in a total of approximately $2.4 million annually -- all together approx. $600,000 USD in revenues for Q1 + * Recently announced the locations of 3 clinics in the greater Toronto area ([source](https://finance.yahoo.com/news/empower-clinics-announces-locations-first-084500108.html)). It is very unclear in [their press release](https://finance.yahoo.com/news/empower-clinics-announces-locations-first-084500108.html) how much revues they truly expect from these 3 clinics, since they actually say 3 different estimations in the press release... however, as I understand it they expect $960,000 - $1,200,000 USD per year per clinic for now and $2,560,000 - $3,600,000 USD once each location is fully operational. It's unclear whether they anticipate any revues in Q1 from these clinics. + * Empower has a roll out plan of clinics with milestones of 10, 20, and 30 clinics. Currently they have 6 with the recent announcement of 3 more locations in Canada. +* Secondary business (which it is know best for) is it's COVID-19 Testing through it's wholly owned subsidiary KAI Labs, which has the capacity for up to 4000 tests per day. + * KAI Labs purchased by Empower in October 2020 ([source](https://finance.yahoo.com/news/empower-clinics-acquires-medical-laboratory-073000243.html)). + * KAI Labs has the ability to test for variants of the virus ([source](https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-083000387.html)), which I think is very important and it is not clear whether Medivolve has the capacity to do currently. + * Announced over 1000 tests completed by KAI Labs in one day for the first time on February 16th ([source](https://finance.yahoo.com/news/empower-clinics-kai-medical-laboratory-083000904.html)) which precipitated a significant increase in SP for Empower in the following days, followed by a more recent draw back in SP. + * Expected Test Numbers are as follows : + * January 2021 is expected to exceed 8,000 tests + * February 2021 could see daily rates hit 1,000 tests per day + * March 2021 could see daily rates hit 2,000 tests per day + * TOTAL for Q1 = approximately 100,0000 X $150 per test = **$15 million in Q1 revenues** + +**Q1 2021 Bottom Line:** + +* Revenues : Anticipated Q1 Revenues of ***$16 Million - $20 Million USD\*****, approximately 4-6% of it's market cap.* + * \^\^\^ This estimate would include $15 million USD from COVID Tests, $1 million from the US clinics, and up to $4 million in additional revenues from additional clinics opening, which I think is very generous. +* Margins : Unclear at this point what Empower Clinics margins are (I couldn't find this info, but if you have it please comment and I will add) + +**Upcoming Catalysts:** + +* Additional opening of clinics imminent (some estimate as many as 2 new clinics every month) +* February / March Test Numbers hopefully to exceed 2000-3000 per day. +* Q1 Financial Results in April + +**More Info:** + +* Investor Presentation: [https://www.empowerclinics.com/wp-content/uploads/2021/02/EMP-D2-2-W-FEB16-FINAL.pdf](https://www.empowerclinics.com/wp-content/uploads/2021/02/EMP-D2-2-W-FEB16-FINAL.pdf) +* Empower Website: [https://www.empowerclinics.com/health-wellness/](https://www.empowerclinics.com/health-wellness/) +* Previous DD on Empower: [\[](https://www.reddit.com/r/pennystocks/comments/l9orij/medv_coprf_additional_dd/)can't post due to this subs rule of not promoting other subreddits in posts... will add link in comments if it lets me\] + +\--- + +# HOW THEY STACK UP... + +**COVID TESTING** + +Medivolve is clearly leading the way in COVID Testing, which is not surprising given that this is 100% their primary focus. According to the numbers reported thus far, Medivolve has sold over 79,000 tests in January alone, versus Empowers approximately 8,000 tests for January. So for January at least, Medivolve appears to be selling 10x the tests that CBDT is selling. + +And if we believe Medivolves February 22nd claim that they have served 200,000 customers, that means on average from December to February they are selling over 2,000 tests per day. In that same time frame, Empower Clinics announced on February 16th that they processed over 1000 tests in a day for the first time... Definitely significantly behind MEDV's numbers, despite the flurry of share buying that this announcement precipitated. + +**To summarize:** + +**Medivolve (with a 54m market cap) expects $30 - $40 Million in revenues from COVID Testing in Q1** + +**Empower (with a 360m market cap) expects $15 Million in revenues from COVID Testing in Q1** + +\---- + +**OTHER POTENTIAL REVENUES** + +Empower definitely has a more proven alternate revenue stream, although at the moment it is not that substantial compared to their expected COVID testing revenues. Their 6 US clinics generate $2.4 million in revenue each year, whereas the COVID testing is set to bring in $15 million in Q1 along. + +Empower is also opening 3 more clinics in Canada in Q1, with approximately 2 more each month in North America. Empower expects these new clinics to bring in $3 million per year in revenues once they are fully staffed and operational. Why then does their 6 US clinics only generate $400,000 each for a total of $2.4 million annually in revenues? If it is possible for each clinic to generate $3 million in revenue every year, why are the 6 existing clinics only brining in $400,000 each per year? I would love if someone could please explain this to me... + +Medivolve on the other hand has the unproven technology of the BlowFISH breathalizer tech and also the Covixshield long-term surface sterilizer. Both of these items could prove commercially viable, but neither has been proven. If the BlowFISH tech is approved for use in the USA or Canada, this would be very significant news, as testing for COVID via rapid breathalizer tests could really accelerate re-opening plans, mass events, travel, etc. But at this point it is not clear how close to commercialization BlowFISH is. Covixshield on the other hand seems to be available for possible orders through their website, so it will be interesting to see if there is any traction with this product in the remainer of Q1. + +**To summarize:** + +Empower expects additional revenue in Q1 of possibly around $1 million, with an ambitious clinic opening strategy to continually add to revenues throughout the remainder of 2021. + +Medivolve does not appear likely to have additional revenues in Q1 beyond that of COVID Testing. However, sales of Covixshield are possible. + +Bottom line here is that both companies are really relying primarily on COVID Testing for Q1 revenues, but Empower has a stronger plan for diversification for the future. + +\--- + +# WHICH IS A BETTER BET FOR INVESTORS.... RIGHT NOW? + +Empower has already seen a tremendous rise in SP since the beginning of January, and at this point I am personally not convinced that their SP will double or triple again in short order. Medivolve, on the other hand, certainly has this opportunity to double or triple in the coming weeks, although it has to overcome investor skepticism generated by lackluster SP performance in February. + +Empower overall has a stronger plan for the future, post COVID Testing. However, it's my personal opinion that COVID testing is going to be with us for many years to come, and that maximizing revenues by becoming a leader in COVID Testing will ultimately give Medivolve a greater financial runway to pivot in the future. + +Empower is in the process of rolling out 10, 20, even 30 fully staffed and operational clinics, which is ambitious but also incredilby expensive and complicated business, that certainly has its risks. I personally think Empower's estimate that ALL of these clinics will be bringing in revenues of $3 million each once they are setup is probably unrealistic, in the short term at least. If it was realistic, their 6 existing US clinics would already be bringing in close to this amount, but they are only bringing in $400,000 each annually so far. + +**Medivolve is the leader here in terms of COVID Testing**, **and this is not at all reflected in their current SP.** I could see the MEDV SP double or triple in short order once their Q1 revenues are realized and their shareholder relations improve through their new $600k shareholder marketing push. + +Medivolve is likely to have over 100 testing sites across America by the time Q1 is over, and according to their current numbers they have significantly surpassed Empower's testing numbers. If Medivolve does end up posting $30-$40 Million in revenues from COVID Testing in Q1 as is expected from the information available, I can not fathom how the share price could not increase at very least to the .50-.80 cent range. **$30-$40 Million USD in Q1 alone would be 55-78% of their current Market Cap!** But hey, it's the market and things don't always make sense based on fundamentals. + +At the same time as I am optimistic, I will caution that Medivolve has a lot of work to do to impress on shareholders that it can deliver both in terms of creating value for investors by increasing it's beaten down share price AND in creating a strong and smart plan to pivot the company into future viability... No small task, but one that I believe is possible. I actually think they might be an attractive company for acquisition, depending on how the next few months go. + +Bottom line for me is that I believe there is a strong chance that I personally will be able to make money off of MEDIVOLVE. I believe they have a very good chance at doubling or tripling their share price in the coming weeks... + +This is something that has ALREADY happened for Empower and that I don't see happening for them again soon. + +\--- + +# TL;DR + +I believe MEDIVOLVE has the potential to be an excellent short term play over the next month, as its $30-$40 million in projected revenues for Q1 clearly illustrate that this company is severely undervalued compared to it's competitors like CBDT. This, combined with a $600k Investor Relations marketing campaign, gives Medivolve a good chance at drumming up support from investors to positively impact share price in the next 4-6 weeks. + +Price Target: $1+ CAD by mid-April + +\-- + +**DISCLAIMER** + +**Of course this is all just my opinion and is not financial advice, nor am I a financial advisor. Do your own DD and don't complain to me about this or anything. Not my problem. I will probably be wrong now that I took the time to write all this shit.** + +**MY POSITION: 14000 MEDV Shares @ $.40 CAD** +I expect some pushback on this post as it is a company that isn't considered a value company based on traditional metrics. However, as Charlie Munger is mentioned in the description of this subreddit, I'll quote his saying that "All investing is value investing". + +We could attempt to value any company, and sometimes the outcome is that it's worthless. This post is an attempt to assess the company's value from a fundamental point of view. + +&#x200B; + +This week's valuation - Palantir, was the most suggested company for me to value in the last two months, so I hope you enjoy it. + +As always, the post will be divided into a few segments: + +1. Understanding the business +2. Understanding the historical financial performance +3. Laying down some assumptions to value the company +4. Valuing the company based on assumptions significantly different than mine + +&#x200B; + +**What is Palantir? - Understanding the business** + +In one sentence - It is a software company specializing in big data analytics. + +It has been one of the most discussed companies in the last 2 years after its IPO back in September 2020. However, most do not know that the company is actually older than Facebook, it was founded back in 2003. + +To give some background, Peter Thiel is one of the founders, who was also part of PayPal. One of the challenges that they had was how to solve was identify fraudulent transactions. So, Palantir started as an attempt to solve it. Of course, as models based on Machine Learning / Artificial intelligence are being developed, they not only can be used in other fields where data is available, but they also get better over time. + +Today, more than 2 decades later, the company has both governmental institutions as clients (US Army, UK Royal Navy, UK NHS, Bavarian Police, etc.) as well as commercial clients (Morgan Stanley, Airbus, Fiat Chrysler, Ferrari, Merck, etc.). + +Over 60% of the revenue comes from the US, 11% from the UK, and the remaining 29% from other countries (none of which contributes individually to more than 10% of the company's revenue). + +What's worth mentioning is that they have a bit of a different business model that allows them to have a foot in the door a bit quicker than others. It's divided into three steps: + +Step 1: **Acquire** \- In this step, Palantir bears the cost of the pilot project and "acquires new customers". The margins are negative and they're losing money in each pilot project, but these are not large investments. + +Step 2: **Expand** \- This is when the company starts earning some revenue, the contribution margin becomes positive and they continue with vertical integration of the software within the organization + +Step 3: **Scale** \- This is where the value is actually created, it is self-explanatory, involving scaling the software to other branches/locations of the company. + +The software uses the data available (coming from different sources, also both structured and unstructured) to find trends and meaningful insights that can be used for better decision-making. + +&#x200B; + +**Historical financial performance** + +The company's revenue has grown from $600m in 2018 to $1,7b for the last twelve months (ending June 2022). The growth wasn't stable, ranging from 20% to 50%. As this is a software company, high gross margins are expected. In the case of Palantir, that's close to 80%. + +However, their other operating expenses have been quite high (as % of revenue), here's a short summary: + +Sales & Marketing - 78% back in 2018 --> 37% LTM + +Research & Development - 48% back in 2018 --> 20% LTM + +Selling, general & administrative - 54% in 2018 --> 35% LTM + +Combined: 177% in 2018 - 92% for the LTM + +&#x200B; + +It is quite clear that the 80% gross profit has not been yet sufficient to cover the other expenses, the company is yet to be profitable. Although, they did make improvements compared to 2018. + +&#x200B; + +**So, how does this company survive when losing money every year?** + +From an accounting point of view, the company is not profitable, however, from a cash point of view, they aren't losing money. Part of the compensation for employees/management is in shares/share options. This would be exactly the same if the company issues new shares and uses the cash to compensate the employees/management. In both cases, there's no cash remaining at the company and the original shareholders are being diluted. How much dilution are we talking about? If you owned 10% of Palantir at the end of 2020, you would own around 8.8% as of June 2020. + +The company has around $2,5b in cash/short-term investments and is debt-free (apart from leases). Share-based compensation has good and bad sides, but I won't go into that in this post. + +&#x200B; + +**The growth story** + +In the last couple of years, we've seen quite some growth stories of companies with huge growth that declined 70-80% when the growth slowed. Palantir belongs to this group. After the IPO, they grew their revenue by 40-50%. Assuming any company grows at such high rates for an extended period of time is very unlikely. The moment the growth declines, that's when the share price adjusts. This is one of the reasons why IPOs are in most cases overpriced. They have good numbers in the short-run and the valuation is based on those expectations (that are not sustainable). + +&#x200B; + +**Assumptions about the future** + +The management is aiming for 30% revenue every year in the next 5 years. That doesn't mean they'll deliver that. In fact, they're guiding for revenue growth of close to 25% for 2022. + +As for the operating margin (currently -13%), they're expecting it to grow to 35%. However, in this percentage, they're not taking share-based compensation into account, which is unfair in my opinion as it is an expense for the existing shareholders. There are two ways to account for the share dilution: + +1. Use the assumption of 35% operating margin that takes out the share-based compensation, in which case the estimates are closer to the actual cash movements. However, adjust the number of shares outstanding for future dilution. +2. Use the assumption of 25% operating margin (as SBC is expected to be 10% of total revenue) and leave the shares outstanding as they are. + +The second approach is easier to implement, hence I'm using it in my model. + +&#x200B; + +My assumptions are as follows: + +**- Revenue growth** of 25% for the next year, followed by close to 25% up until year 5, and then slowly decrease to the risk-free rate of 3.2%. You can argue that this is too conservative and that Palantir can grow for more than 10 years. However, the majority of the companies become stable/mature after a few decades, so there's a high probability that the same will happen to Palantir. Could I be wrong? Absolutely! However, I'd rather be wrong and underestimate its potential, so if I end up buying it at any point, positive surprises are always welcomed. I haven't met anyone who was sad because a company outperformed their expectation and made more money than expected. + +**- Operating margin** of -10% for the next year, slowly improving to 10% in year 5 and increasing to 25% by year 10. + +**- A discount rate of 12.96%** that decreases to 10.76% over time as the company matures and risk decreases (WACC-based) + +&#x200B; + +Based on these assumptions, the fair value of the company is $9,6b (**$4.66/share)** + +The current market cap is $16.05b ($7.78/share) + +*Note: I have taken into account the cash, debt, and deferred taxes on their balance sheet as well as the outstanding equity options.* + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will grow by 445% to $9,5b in 10 years and the operating margin will be 25%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|20%|25%|30%| +|:-|:-|:-|:-| +|330% ($7,5b)|$3.00|$3.74|$4.41| +|445% ($9,5b)|$3.75|$4.66|$5.52| +|600% ($12,2b)|$4.68|$5.84|$6.93| +|750% ($14,8b)|$5.62|$7.02|$8.34| + +The table illustrates how much the company needs to grow and how high should the operating margin be so that Palantir is fairly valued today. + +For the last row of 750%, the company needs to grow between 25-30% annually for every year in the next 8 years. + +In 2020, the company provided some information about its total addressable market ("TAM"). In most cases, companies exaggerate when it comes to this. Here's what Palantir shared: + +\- Commercial TAM - $56b + +\- US government TAM - $26b + +\- International government TAM - $37b + +With the last scenario, they would capture over 10% of their initial TAM which I don't expect to significantly grow over time. Of course, I could be wrong. + +Feel free to share your thoughts on Palantir, their offering, the valuation, or anything else that you believe adds value to the analysis. +My wife and I have been searching for a property in Western Sydney since the start of this year and have been outbid by someone else in 4 other properties that we liked. We were getting frustrated and FOMO was very real. + +Last week, as usual, we went to a Saturday open house. It was a 1980s built, well maintained 550sqmts house in the not so great side of Quakers Hill. We had a quick chat with the neighbours, The Karen next door acted as if we asked her property for free. On the other side was a nice family, and they said they had a break and entry last year but otherwise there is nothing wrong. We initially offered 925k and went up to 940k, which was accepted by the Real estate agent. Surprisingly, we weren't elated, nor happy. The break and entry and overall feel of the community was weighing in. We were just buying the house because we don't have one. + +The real estate agent asked us to sign the contract at 5.30 the same day. I called my mortgage broker to ask him his opinion. He told us not to sign the document till he or a solicitor reviews the contract. I agreed and told the REA that I can sign the contract on Monday. The REA said that until the contract is signed, the house wasn't ours and it was open for negotiations. + +Later that day, my Solicitor gave a green signal and sent a mail to the REA for some details. The REA sent me a message saying that the house was sold to some one else who was ready to sign the contract that day. + +Instead of feeling sad or dejected, we were very happy to lose the property. The FOMO and stress is gone. I feel as if a massive weight on our shoulders has been lifted. + +PS: Mods, please feel free to delete if it is not relevant. +Xcrypt is a buying and selling platform designed to exchange and trade the cash in a peer-to-peer surrounding. The XCrypt token also can be offered and bought with both fiat currencies and alternative cryptocurrencies. As an addition to this, the price of the coin may be decided through the different marketplace forces and cryptocurrency exchange systems. The price of the coin does not have a maximum degree, that means that it is able to boom to high-quality values. +Xcrypt is a buying and selling platform designed to exchange and trade the cash in a peer-to-peer surrounding. The XCrypt token also can be offered and bought with both fiat currencies and alternative cryptocurrencies. As an addition to this, the price of the coin may be decided through the different marketplace forces and cryptocurrency exchange systems. The price of the coin does not have a maximum degree, that means that it is able to boom to high-quality values. +Xcrypt is a buying and selling platform designed to exchange and trade the cash in a peer-to-peer surrounding. The XCrypt token also can be offered and bought with both fiat currencies and alternative cryptocurrencies. As an addition to this, the price of the coin may be decided through the different marketplace forces and cryptocurrency exchange systems. The price of the coin does not have a maximum degree, that means that it is able to boom to high-quality values. +Title purposely provocative... + +So I see a lot of senior people where I work that are well into their 50s and 60s that are still grinding away. These are people who are quite accomplished that have been directors, VPs and SVPs for decades and even if they did the bare minimum investing will probably have net worths in high single digit $Ms if not multiples of double digits. + +Why kill yourself like this when you know you are slowly wasting your last bit of "youth"? Surely they know their net worths and know they can take it easy? + +I am closing in on the big 4-0. Barely getting to striking distance of the very low levels of fatFIRE and already getting the itch to not have to grind this out any further than I have to. + +I am curious to hear your perspectives, especially if it's first hand, on why more people don't walk away in their prime while they still have some semblance of youth. Is it the desire to have more? Build a legacy? Seriously enjoy corporate politics? Love the work? +Preface: + +The game that is being played is not simply *just* a House of Cards. I’d argue that it's ***far larger*** *(no heat towards attobit, luv ur material, wouldn’t be here without it, truly <3).* The massive entities we call the Big Banks, the Market Makers, the Short dicked Hedge-funds, The Fed, etc, do not simply fall down over the course of a day. No...I’d argue that when they fail..they come crashing down from their **Castle of Glass.** One that has been forming cracks throughout its structure ***since the day it was conceived.*** A deteriorating castle which can **no longer be unseen, nor..undone. Only, replaced.** + +Before we get to the **solution** though, you must first understand the **core aspect of the problem. To highlight this problem, I’ll be referring to a post that is an** ***absolutely essential read*** **so the second half of this post makes sense.** (You’ll find it below in a minute) + +I’ll break everything down in the simplest way I can so you have an idea of what you’re walking into. Just know we’re going to be discussing ***everything*** **from the OP, his** ***name***, ETFs, RRPs, NFTs, and the glorious three words, which may very well tie them all together. ***Game on, Anon.*** + +So without further ado, + +\--------------------------------------------------------------------------------------------- + +# Part I: The Crux + +This post is a follow-up to my previous. I had attempted to shine some light onto a DD that was flying far too under the radar for the God-Tier level of information contained within it. It was posted roughly a month ago. It was unlike any I had read before it and till this day, continues to be unlike any I have read since. I’m talking thermonuclear level of information here. + +This is the case for a few reasons. I’ll outline them below so you have a brief understanding to start. (I’ll also be quoting/referencing myself from my other post a few times to save time, so if you see similarities, just know I’m a lazy fuk). + +1. **The author:** The OP behind this DD went by the name, u/leavemeanon. Shortly after dropping this thermonuclear analysis on ***HOW*** the shares have been suppressed and ***WHERE*** they are most likely located. He vanished, but unlike the Avatar’s flake ass, his job was done. +2. **The Job:** ***exposing the primary methods of fuckery utilized by the short gang, the Big Banks, and even the Fed...down to the BONE.*** The depth of analysis here is ***still*** astounding, but that’s not even the kicker..its the fact he drops a God tier DD and makes a claim like this: + +https://preview.redd.it/b258dyt2y5b71.png?width=704&format=png&auto=webp&s=6ba0fddb29ca59535ad5bca765ddbbf4094b4643 + +u/leavemeanon's DD: [https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +The profundity of the statement in yellow is something that you will ***only understand if you read his post.*** The likely realization you’ll come to once you do is that there is absolutely **no way that someone making** ***this claim***, drops a DD with this kind of analysis, then just goes off and deletes his account. + +Self quote: “When asking myself, why tf would someone go this far into a DD analysis and delete their account shortly after? Along with going by the name u/leavemeanon, I found myself coming to the same conclusion each time: + +***This. is. what. this. guy. does. He might as well be an unofficial whistle-blower who wanted no traces back to him, bc the info contained in his DD is PRECISELY what is occurring right now.”*** + +I wrote this statement on my previous DD just over a month ago. I want you guys to pay special attention to that last sentence because if you read through that post, you’ll realize one more thing. + +**It’s not only** ***still*** **dead on, but becoming even MORE relevant in relation to the events it had described a whole-ass** ***month back.*** + +Now if you haven’t read the post for some dingle reason..I’ll provide you OP’s ELI5 to give a snippet of the **problem**, b/c if we do not understand the ***problem,*** **then the** ***solution*** **will not make sense.** + +https://preview.redd.it/31f2e78rw5b71.png?width=701&format=png&auto=webp&s=2d74be4b534839192341f10a0fb1e770ff647ddb + +So where does the problem truly lie? Based on OP’s post. It’s none other, than **the fuckin ETFs.** OP explains the inner workings of the ETFs in a way I’ve never seen anyone do before. He even links this video for us real special apes, to understand. + +[https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s](https://www.youtube.com/watch?v=iX7fOx5G40A&t=323s) + +So assuming you now understand the problem, here’s an idea of the **severity**, as disclosed within part 3 of OP’s post. Spoiler alert, + +https://preview.redd.it/jcke95lsw5b71.png?width=707&format=png&auto=webp&s=9d961d2f3a843e270ecc6747f7703dcd87fc1ca2 + +We’re not done yet, remember..only once you understand the ***full extent of the problem, will the solution make sense.*** So to add even more juice to the flame, here’s a video by **Charlie Vid’s**, which he released on July 10th. It shows how all those **RRPs**...you know..those multi-fuckin billion dollar funds being moved around on a **daily basis...are likely piled** ***right into the fuckin E T F’s.*** + +[https://www.youtube.com/watch?v=NhS5FgfO6Jg](https://www.youtube.com/watch?v=NhS5FgfO6Jg) + +This video has only stood to further validate the point u/leavemeanon **made a whole ass month back.** The information he’s discussing is still pretty novel and needs more eyes, but the connection he makes in that video is hard to argue against. Even if you don’t fully grasp wtf that shit means, and let's be honest, most of us still don't b/c RRPs are the most absurdly convoluted thing on this planet. Nonetheless, the big picture is pretty evident. From this video, it seems almost entirely plausible that these transactions between the Fed and the other end of the parties involved (the Big Banks) are being done illegally at historic levels, to ***keep the entire market from collapsing.*** + +To provide a better idea of what *may* be going on here, I'm going to refer to someone who seems to have a far clearer grasp on these transactions than myself. I'm fine with speculating on most things but these RRPs though, I'm way too smooth-brained for that and the last thing I need is to be throwing a 69th definition of what they mean into the mix. + +https://preview.redd.it/hpucxdxtw5b71.png?width=1121&format=png&auto=webp&s=79fbcdd82cae68bad05dffec310c6f841199ee52 + +This may also explain why most of the rules released in relation to the derivatives market seem to have only slowed down recent events, but not much more. I'm saying this because the way some of those rules were written, they sounded like they would dice up the short's plan of approach completely. Though there does ***seem*** to be a clear impact on how GME has been trading since most of the rules were implemented, ***they haven't ended the game.*** To me, this likely means that the greatest source of fuckery held by Shortgang and Co. lies elsewhere. + +The Married-puts, the dark pools, or whatever else method of manipulation these limp-dick cum-dumpsters have up their sleeves may be *some* of the better-known gears behind their scheme, but I'm willing to be ***it's the ETFs, which are the true source of their Fuckery.*** **These transactions described in the video above, and further theorized upon by the comment attached, are occurring** ***through the entire ETF market.*** + +# Part II - The Connection + +Now that you understand the problem, we are *almost* cleared to move onto the solution. Before going further, I need to provide some context here. My previous post, as mentioned earlier, was intended for a single purpose: Shedding light on u/leavemeanon’s DD. Shortly after dropping it though, I received a comment and message from a few users who sent me down one hell of a rabbit hole. As in that post, I was making some tin-foil hat connections to the meaning behind u/leavemeanon's username. Though this part may not necessarily even be linked, it's important I mention it because had it not happened, I would not have discovered what I believe to be the ***solution***. + +Moving forward from here, we’re going to be **treading over some speculative waters** and more than likely, be testing that 4-hour erection window before you need to call your doctor. They might have to raise the bar on that one if the following of what I’ve found is ***even remotely correct.*** + +This part may sound absurd at first, but I only ask you to trust me until you reach part 3. For most of part 2, I'm explaining because I feel it important to clarify *how I came to my conclusions.* My thoughts in this section don't necessarily *have* to be true, and I wouldn't be surprised to find out if this ends up being the case in the future. + +That being said, ***their relevance in this DD is that of an intermediate***. They are what helped me discover what I believe to be **the** ***solution for the problem described above.*** + +My speculative journey would lead me down an immense rabbit hole roughly a month ago. It would begin with a fascination with Anon's DD but soon evolved to also include **the method of its deployment (OP deleting his account shortly after dropping it), the technical but extremely concise language utilized, and the structure of its writing,** as I began to ponder the ***meaning behind OP's name***. + +The now-deleted user, who went by the name of **'leavemeanon"** would ring a few bells for another ape, that would comment the following on my post: + +https://preview.redd.it/bk2rbtcvw5b71.png?width=660&format=png&auto=webp&s=cd3afb645f019a42f0d0ae6630c8501cdab70d45 + +It was at this point that I began to speculate whether there was a connection between Anon's name and the phrase above found on Gamestop's NFT website. Now I cannot state that there is a direct relation between the two, but I find it necessary to shed light on the connection I theorized (with the help of some amazing apes), regarding what ***I believed it to be.*** + +what if, the now-deleted OP's name was in reference to more than just 'leave me anonymous'? What if...OP's name was an attempt to send us a message about the material covered in his post in regard to the ETF market? + +Here is the likely-to-be unlikely link: the word Anon is defined as "soon, shortly". OP went by the name LeaveMeAnon. I.e leave me '***soon, shortly'.*** So naturally, I went full tin-foil mode and chased the idea further down the hole. I made the following assumption in doing so, what if OP was telling us, + +"the material I'm covering, the current ETF market as we know it, is to be ***left behind soon/shortly, and let me explain why"*** + +Whereas '**Game on, Anon',** a phrase located throughout Gamestop's NFT website, if used under the same pretense, could refer to ***"Game on, Soon/shortly".*** + +So the link that would bring me to the absurdly coincidental connection that may, or may not have been fueled by an unhealthy amount of confirmation bias at the time: + +Anon's post is created with knowledge equitable to damn near Burry himself, with the sole purpose of exposing where the ***true problem lies*** in the GME saga. He mentions married-puts, high-frequency trading, and ETFs in-depth to show this. Yet, it is the **latter most issue that gets the largest emphasis placed on it. Why do I believe that?** + +**Primarily because the more I looked into this situation, the more I began to see that the institutions involved on the short side of GME aren't the Castle of glass, they simply** ***live in it***. The Castle itself...is the entire ***ETF market.*** A structure which throughout and within it have become increasingly prevalent by the passing of each day. They are quite literally, ***a legal method of naked shorting***. + +Where Anon takes the time to reveal the problem, it's **Gamestop**, the company itself, that has quite literally been showing us the ***solution to this problem.*** All of which it has been doing through its ***actions, not its words.*** + +# Part III - The Solution + +If you made it this far, just know I'm proud :') + +Part II is certainly the most tin-foil section in this post, but as you proceed through part III, you'll soon realize why I found it necessary to provide all that information. This is certainly my favorite part. Stick through to the end and you'll see why we save the best, for last. + +Moving forward right where we left off - If you go onto that same NFT website, copy the link which is posted on their NFT page, paste it into google, and open the first tab from the etherscan website and click on the ‘contracts tab’, guess what you’ll find there... + +https://preview.redd.it/dw2amyuww5b71.png?width=700&format=png&auto=webp&s=71586f7708fd74a1dc32d2d77bee979d47d8a668 + +Still, think it’s a simple coincidence? It's alright, I mean "it’s not it actually means anything…***” right Anakin?”.....\*zooms in closer\*.....” right..?\**** + +Lol don’t actually try to zoom in, there isn’t shit there if you do that. **But… third time’s a charm, right? what if there's more to that phrase than just some random ass meaning?** + +To find out, I did some more digging around that term after finding the above which would lead me to find the following tweet: + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/3g9t4kxxw5b71.png?width=553&format=png&auto=webp&s=2e69a9e45aaab0e47149e9ef8d48a895e4a069df) + +That phrase...look familiar? Yeah...we’re about to enter solution territory...and for you “I only believe after a 4th, 5th, 6th coincidence” apes, don't worry. I’ll get there anon ;) + +The link above will take you directly to the page they’ve shown. Upon finding this tweet, I looked into what exactly these guys were talking about. After reading in-depth about what exactly this ‘Metaverse’ is, as well as viewing some of the other links they have posted on their website, you’ll find information about its relation to **NFTs,** ***Blackrock***, and something known as the **Index Cooperative**. + +Now, why exactly are these things all noteworthy? Well, if you don’t live under a rock and are a certified retarde like yours truly, you’ll remember **some hype going around with Gamestops NFT plans.** But before we get to that, let’s put this together in a cascading manner so you fully grasp what we’re looking at here. + +What is the ***Metaverse*** exactly? + +* Per Wikipedia: “***The Metaverse is a collective, virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet”*** +* It’s further described as a basket of 15 tokens that serve the purpose of capturing entertainment trends, sports, and business shifting to virtual reality. +* The next absolutely fascinating find in regard to the Metaverse index is one that requires you to zoom out and view the bigger picture. By doing so, you'll begin to understand ***what it's trying to change***. An article that goes extremely in-depth on it would provide this insight: + +[ https:\/\/www.masterthemeta.com\/business-breakdowns\/into-the-void](https://preview.redd.it/0evviqy7x5b71.png?width=706&format=png&auto=webp&s=c42c57f41dbd2a47f856799c5b1fbca70e79b9a2) + +This article above (absolutely excellent read btw) is what links our **topic of focus. N F Ts.** Notice the **black-highlighted sections, primarily** ***the bottom one.*** + +This information takes us back to Accelerated Capitals website. Here we find a bit more relative information to ***virtual ownership via NFTs, gaming,*** ***virtual reality, and entertainment"***, as well as the **inclusion criteria it has before an NFT can be issued under it.** + +[https:\/\/acceleratedcapital.substack.com\/p\/the-metaverse-index-](https://preview.redd.it/zqyi588bx5b71.png?width=519&format=png&auto=webp&s=5e30ec3cb2e5d9cfe689bf66d55b119a1c0741e6) + +I highlighted the 3 month period because if I remember correctly...there’s a company out there that has something to do with gaming, which was supposed to go bankrupt..but didn’t..and similarly ***issued an NFT token a few months back...what the date on that?*** **4/07, now I'm not the best at math but roughly 3 months since then would be...😎 (s/o** [u/LordoftheEyez](https://www.reddit.com/u/LordoftheEyez/) for the help on clarifying the timeframe!) + +But let's get a bit more specific, **wtf** ***is the Metaverse Index really?*** + +https://preview.redd.it/zzodtd4ex5b71.png?width=560&format=png&auto=webp&s=7751bd534f1a59ef5852a709c93fe7e153864077 + +Oh boy, well now we’re getting somewhere. After looking into what exactly the Metaverse index was, I found myself directed towards something called the ***Index Cooperative (Coop Index).*** Think of this thing as the **very top of the cascade, it contains** ***other blockchain-based indices within it, such as the Metaverse Index.*** Upon visiting The Index Coop website, you get a pretty baseline idea of what it is to better explain: + +https://preview.redd.it/k3lb9ebfx5b71.png?width=670&format=png&auto=webp&s=72448ae5aad8c7dfa1ec6d27ee55884c8db2231e + +Just a refresher on the cascade of terms here as I explained them a bit out of order, from the highest --> lowest level of priority. (also priority here isn't me saying least is worst lol, it's simply in relation to where they actually fall relative to one another) + +**Index Cooperative > Metaverse, etc > NFTs** + +Because this cascade functions ***entirely separate from the modern-day stock market which includes modern-day ETFs as we know them, they play by COMPLETELY different rules.*** + +* **It’d be an absolute shame if a company that was** ***shorted to high-hell...decided to jump ship and hop into this thermonuclear fueled fuckin rocket,*** and light up all the dipshits who decided to bet against it.. +* ***A shame for those dipshits, that is.*** Fkn dingles lmayo..alright back to semi-serious mode... + +Going forward, I did some deep dives through other Reddit pages to learn more about this thing, and to my surprise, I got a damn good explanation of ***what EXACTLY is the Index Coop attempting to become. It is as follows,*** + +https://preview.redd.it/18rghmqgx5b71.png?width=351&format=png&auto=webp&s=d86df95bc179c813eab794690b4e909f681427a2 + +"**OVERVIEW OF INDEX"** + +"[Index Cooperative](https://www.indexcoop.com/) is a DeFi project that’s going after the multi-trillion-dollar \[ETF\]([https://en.wikipedia.org/wiki/Exchange-traded\_fund#:\~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)](https://en.wikipedia.org/wiki/Exchange-traded_fund#:~:text=An%20exchange%2Dtraded%20fund%20(ETF,the%20day%20on%20stock%20exchanges)) (exchange-traded fund) market. At its simplest, an ETF is like a basket of assets (be it stocks, bonds, commodities, or crypto) that can be traded in a group. Companies like [Blackrock (under its subsidiary iShare) and Vanguard each have over a trillion dollars](https://www.etftrends.com/10-biggest-etf-issuers-of-2019-by-market-capitalization/) under management in the form of ETFs. ETFs have been so popular, that people like [Michael Burry ](https://en.wikipedia.org/wiki/Michael_Burry)(of [*The Big Short* ](https://en.wikipedia.org/wiki/The_Big_Short_(film))) have called it a “[passive investment bubble](https://www.etfstrategy.com/passive-investing-a-bubble-says-big-short-investor-michael-burry-10449/)”." + +Two things should stick out to you off the bat: + +1. “Own the ***Blackrock*** of DeFi” while stating ***Ethereum ETFs as being a business with a multi-trillion dollar upside.*** +2. *"Index Cooperative* ***is a DeFi project that's going AFTER the Muti-trillion ETF market”*** + +Putting these two together took a minute, I found myself asking, how tf Blackrock was thrown into the loop? so I started scavenging through a few more articles through Accelerated Capitals page and found this: + +https://preview.redd.it/hm2475wjx5b71.png?width=523&format=png&auto=webp&s=1a6774dc5f83719f90e5106767f6a53a222267a3 + +https://preview.redd.it/qx2k5askx5b71.png?width=568&format=png&auto=webp&s=1725e3f6de6d82378226d7df2c632af86c79c461 + +https://preview.redd.it/y8sq7mhlx5b71.png?width=596&format=png&auto=webp&s=e702330d584be66568d423ac51d2b7ba187816a3 + +**TA:DR/conclusion:** + +Let's bring all this together now, because if you've made it this far, then you're likely still taking all this in. I know, it's a lot to take in and I also understand that some of my conclusions are speculative. In the end, **this is truly all we can do until the elephant in the room gets so big, that it is no longer possible to ignore or deny it.** For this reason, I ask each and every one of my fellow apes to dig into every piece of information I've provided above and **reason these things out for themselves. Follow the evidence, question the data, question the logic, and deduce the flaws. Only then can you truly justify to yourself that the investment you've made in this stock, was done so out of confidence, and genuine Due-Diligence.** + +We began by introducing the problem, because, like any other problem you wish to solve, you must first **understand the problem.** The more complex and/or convoluted that problem is, oftentimes the longer it can take to ascertain the necessary information in ***properly*** learning about it. This is something we covered in part I, in which section I introduced you to the **elephant in the room, the ETF market, or as I like to call it, The** ***Glass Castle.*** + +In part II, I provided insight into what I like to think of as the ***intermediate,*** between the **problem and the** ***solution.*** Though I do not have high expectations for those connections to be outright true, they did not need to be. Their purpose was served the moment they led me to find everything I wrote about in part III. + +Within this final part, I described to you ***the solution***. IF I'm right in my thought process here, THEN the actions being taken by RC and Gamestop are quite literally, ***pointing in a single direction***. + +**Changing the game and giving the** ***power back to the players*** **isn't just about changing the company, no...It's about shifting the ENTIRE damn landscape of how the modern-day economy functions.** This change, the NFT initiative currently being taken by GME is with damn near certainty moving towards one goal..before we describe that goal, let me provide one last refresher, but this time with analogy's so there is not a single ape left behind. + +1. At the very top, you have the largest basket: the **Index Cooperative** (**think of this as the new blockchain stock market)** +2. Within this large basket, you have multiple medium-sized baskets: The **Metaverse Index, Defi-Pulse index, etc.** **(Think of this like the SP.Y)** +3. And within individual *medium-sized* baskets, you’ve got **NFT’s** **(think a jet-fueled gaming company ran by a fuckin 69D chess master)** + +Imagine an economy where there is no longer a middle man, by which I mean the modern-day banking system as we know it. Ask yourself, if you had the ability to choose a completely different system, where the ***power of decision-making and investing potential lies in your hands, and not in that of some middle-man who would rather use it for his own personal benefit at the cost of YOUR losses, would you use it?*** + +Quite ***likely***, I'd say. Unless you enjoy getting hoed by greedy scumbags, but you probably wouldn't have made it this far in this post had that been the case. This leaves us to the ultimate question, *what exactly is RC doing?* + +Based on everything I've shown you, **He's planning on cutting out the middle-man.** These modern-day Big Banks and pretty much every other financial institution from the SEC to the Fed have been laying in bed together for decades. In doing so, they thrived within their castle while the rest of humanity continued to struggle, often unable to make even our most *basic* ends meet. + +Yet in the end, it was *this* greed that blinded them. *This* greed allowed their own naivety to consume them. Most importantly, it was their unending hunger for power and wealth that created a facade so great, that they could no longer see that karma isn't a bitch. Karma is a f**uckin mirror.** This is the true cost of their "opportunity". + +And those cracks? Each day that passes, they spread further and deeper. Its flaws can no longer be **unseen, nor can they be** ***undone.*** + +**Only, replaced.** + +I'd argue the game isn't *about* to change...but rather, + +I'd argue, **it already** **has.** + +P.S Larry Cheng, GME board member, and Matt Finestone, Blockchain guy. + +https://preview.redd.it/he11uoanx5b71.png?width=719&format=png&auto=webp&s=71ae4b3ff60cee1aeac8db24f58c98eacd22084d + +https://preview.redd.it/v7hws3tnx5b71.png?width=720&format=png&auto=webp&s=d0e83ff0f441722f5011e477419d82d2c13ddb4e + +None of this is financial advice, I repeat, I still do not know how to walk on all two's. Thank you for your time. + +EDIT: There's a pretty fancy pants wrinkly-brained ape down in the comments who did a solid job of providing a description of the kind of changes I had envisioned while writing this DD. I didn't get around to including most of the things he's stating, but they are certainly on the same track of thought process. So, it's only right I add his comment for all apes to see. I've described the process, this is what the results, I believe, will look like, + +https://preview.redd.it/ptyywbopx5b71.png?width=739&format=png&auto=webp&s=d9b3fe851f9f02a4b6e0fc803430a2ee68f697de + +**EDIT 2:** This post was partly inspired by this ape, I had shared my previous DD onto the post containing the video which tied the RRPs to the ETFs. Upon further conversing with this ape last night, he provided me with, what seems to be a hint and I believe, this is what he's getting at. I'm at my 20 image count but this was his statement: + +"I'll drop this Easter egg on you." + +"Simplicity. Complexity is meant to hide complexity in the markets. Also meant to distance simplicity in relationships. The most complex situations are usually handed over a simple old fashion between friends...or foes. Game on Anon" + +**My response, after pondering these words:** + +"simplicity...simplicity in a complex situation, is leaving the complex situation entirely. Their system and all of its cracks, cannot be unseen, nor undone. To replace a system that is so evidently flawed with its complexities requires a simple solution\*, leaving it behind entirely, and creating something new.\* + +"This is my take on your wise words. Game on Anon" + +**TIT SLAPPIN EDIT 3:** Holy fucking. **shit. Apes, I need all eyes on this.** + +**Please correct me if I'm wrong as this is out of my field.....but tell me this doesn't fuckin read the way** ***I think it reads...*** + +**GME PROSPECTUS SUPPLEMENT FILING TO THE SEC, JUNE 9TH, 2021 - top of page 16** + +https://preview.redd.it/opdli35tx5b71.png?width=1860&format=png&auto=webp&s=d2e6624d4f5c3c3d7249c04e8cb62ffcefe81dca + +**Edit 4:** Alright apes, I'm just getting around to updating this for inclusion of insight from an ape who is far more versed into this type of language than yours truly. The portion you see below was a conversation I had with this very kind mod from another sub, as I had to post this in other locations due to the initial difficulty of getting it onto the 'Stonk. This portion has actually been included in the other posts but since I submitted **this** version **before having the conversation below, and it was pushed forward by the mods on superstonk at a later time, it didn't incorporate this conversation at that time.** Hence, why I've provided this edit now. It's been a long 24 hours fighting the good fight in an attempt to get people on this sub to see this material, and though a success, I had to rest up so my body could hodl. That's the context, **now the insight.** + +The breakdown provided by Theta here *seems to be* ***far more conclusive in regard to what all that suit talk is truly stating***\*\*. Read it a few times over if you have to, but if logic is our basis, then this does make sense until unless we find out otherwise.\*\* Additionally, this ape was able to look around and find some backing for his statement as well! So truly bravo to you sir, know that your assistance in this is greatly appreciated u/Theta-Voidance. + +https://preview.redd.it/8yhyuh2u98b71.png?width=679&format=png&auto=webp&s=9e0343d2e0dc5f9e18b9e9c9401631a6023884f0 + +Naturally, where one perspective is correct in deducing the suit-speak, another deduction remains ape-speak. So I crossed off my initial assessment now that we've been provided some cleaner insight, but you'll still find it below for your apely pleasures. + +**~~I've read this literally 20 times over...I've even read the last two damn pages 20 times over to make sure what it's leading up to is actually~~** ***~~what I think it is...~~*** + +~~I've highlighted it in three different colors to make the transition of statements easier to read, or harder lol idk:~~ + +1. **~~Yellow -~~** ***~~if the DTC fails to do its job, and they are not~~*** ***~~effectively replaced within a 90-day allotted period by a succeeding depository...~~*** +2. **~~Green -~~** ***~~we will issue~~*** ***~~a different type of security different than the type already in the market, but still somewhat similar to it..~~*** +3. **~~Blue -~~** ***~~But also, one more thing you fucboys...at any given point in time, and based on our absolute SOLE discretion..~~*** +4. ***~~RED - We may decide to just say fuck it, and issue our OWN security which is COMPLETELY~~*** ***~~SEPARATE~~*** **~~from the type already IN the market, AND the same condition apply under the circumstance we swapped them earlier for the semi-similar securities~~** ~~(referenced in the green highlight),~~ ***~~in case you try and pull a fast one with those too...~~*** + +S/o to [u/Apprehensive-Use-703](https://www.reddit.com/u/Apprehensive-Use-703/) **bringing this to my attention...smart ass fkn apes out there man..** + +Guys....I need some serious wrinkles on this....**this is not the shit that I do lol, so someone confirm to me that I'm not geekin and that's** ***not how that fuckin reads.....because it sounds like Gamestop has literally planned for the TRANSITION step to the shit I've covered in this post.*** + +\------------------------------------------------------------------------------------- + +**Edit 5: Upon discovery of a tweet dating back to April by a sharp-sighted ape in the comments, we may have some further connection to the** ***Metaverse and Gamestop's NFT website motto:*** + +"Here's the link provided by u/WholesomeLowlife + +[https://mobile.twitter.com/indexcoop/status/1379872194172317696](https://mobile.twitter.com/indexcoop/status/1379872194172317696) + +Where have I seen ***players, creators, collectors before?*** [https://nft.gamestop.com/](https://nft.gamestop.com/)" + +\------------------------------------------------------------------------------------- + +And another addition from an Ape that brought some more fascinating insight to me earlier as well, This is in respect to the **initial NFT token issued by Gamestop a few months back, here's his findings:** + +"Killer DD! So **we know the ERC-721 is the 1 GME coin.** The **Metaverse uses ERC-20** tokens from my understanding. If you **look in the wallet that has the 1 ERC-721, it also has 420.69 of the ERC-20.** [https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad#comments) + +I remember initially talking was a perceived scam but idk if that’s the case. I think you’re on to something. There is also a wallet that has process over 10k transactions of the ERC-20 coin but idk if that means anything. Hope you see this. If not, I’ll try a message" - u/kevykev89 + +\------------------------------------------------------------------------------------- + +**These findings are certainly fascinating, to say the least..so I ask you**, **how much do** ***you*** **believe in coincidences? I encourage each and every one of you to ponder upon these relations and come to your own conclusions which make the most sense to** ***you***\*\*. I know what I believe, and I stand by my thoughts on those things. All I can hope for is that you find the same hope that I may have. Sometimes, speculations and hypotheticals are just that, but sometimes,\*\* ***there's more to them, than may at first, meet the eyes.*** + +***Game On, Anon.*** **💎** + +***Power to the Players 🚀*** +Last week was a big week for me in the markets. My portfolio witnessed the biggest single week gain its ever had and a new portfolio milestone was hit (>$300k). 🙌🥳 + +The week' s daily paper (unrealised) gains were: Monday = $12,545.93, Tuesday = $7,587.27, Wednesday = $6,053.2, Thursday = $13,480.17 and then **Friday = $16,944.7** + +**Total week gain of $56,560.56 😲😀** + +The **portfolio grew** from $249,404 **up by 22.48%** to hit a new milestone of **$308,140.9** over the 5 last trading days. + +[Aug 30th to Sep 4th Performance \(sharesight\)](https://preview.redd.it/m2g8cnqbjel71.png?width=1575&format=png&auto=webp&s=97eeb62045c8f9d0c623b0d60f5d05348308738e) + +Most members on here would already know I have been very bullish on the Uranium☢️ outlook and it is almost a year to date that my deep dive into researching the industry and market led to me starting to build up positions in uranium equities. Over a year I have built up the uranium portion to now occupy a total of **45% of my entire portfolio** across **7 uranium equities** (6x on ASX and 1x on NYSE). \*Portfolio breakdown below\* + +Along with uranium there have been some other big strong performers that have resulted in the following portfolio gowth and performance of : + +* **1Month (Aug-Sep21**): + **28.1%** (+ $67,254.26 ) (growth plus gains) + +&#x200B; + +* **1Yr (Sep 2020-2021)**: + **142.9%** (+ $180,181.77 ) (growth plus gains) + * 63 buys, 29 sells = 92 trades + * portfolio from: $126,056 to $289,259 + $16,978 = $306,237 + +&#x200B; + +* **2Yr (Sep2019 -2021)**: + **236%** (+ $215,199.48) (growth plus gains) + * 96 Buys, 42 Sells = 138 Trades + * Portfolio from: $91,118.32 to $306,237 + +[1 Month Portfolio growth + friday 3rd sep](https://preview.redd.it/0oi9df64ofl71.png?width=903&format=png&auto=webp&s=94a1aa650ae30fea0e02d7f29f08f3b3bf831a0e) + +[1Yr Portfolio Growth + Friday 3rd Sep](https://preview.redd.it/zm9ojk22tfl71.png?width=903&format=png&auto=webp&s=fd4e388ecd72de5cf3fbc9268c1d78f6dbafdfea) + +[2Yr Portfolio Growth + Friday 3rd Sep](https://preview.redd.it/cn12i4b4tfl71.png?width=903&format=png&auto=webp&s=5be7cad87f81df74f84d76a144f56cdfd4f8d3d9) + +# Brief Investing History + +* Started investing in 2015: Purchased Woodside as the very first holding as a good dividend paying bluechip share made sense, right. +* The very next stock I purchased was 88Energy (88E). So I had just under $5k in my portfolio and it was made up of 50% Woodside and 50% 88E. + * The same 88E that has been selling the same story for the last 7years. AND it was getting covered back then by Next Investors under "The Next Small Cap" group. + * Learnt some strong lessons from that one. As I imagined many more have recently learnt the same lessons. +* From 2015 to Feb 2020 I built up my portfolio to almost the $100,000 milestone - $75k invested with about $20k in growth. Some bluechip shares (FMG, WPL, WAM) and about 60% growth stocks. +* Then Covid in March 2020 saw my portfolio go from \~$95k to half that at \~$42k at its lowest. +* I decided to move funds around and doubled down on some stocks (Afterpay was bought at $9-$12), Wesfarmers was purchased @ $30 as everyone in lockdowns were going to officeworks, bunnings, liquor stores and buying things online (Catch) all owned by Wesfarmers. and a few penny punts were taken. +* 2020 following covid crash resulted in the best year date to make money in the market. Everything recovered and then doubled. +* From May to August 2020 I started my deep dive into the Uranium market and there was a clear opportunity that would be unfolding from 2021 through to 2024 +* From August I started bringing in new funds and selling old stocks and poor performers to start buying up uranium equities. +* Started with LOT, then BOE, then Deep Yellow Options and PEN. In February 21 I bought Bannerman and then from March have been topping up most holdings before buying Dennison Mines on the US exchange and then most recently Elevate Uranium (EL8) back on ASX. +* Other strong performers over the months and year: APT, LPD, GDA, VML and WBT + +# Current Portfolio Make-Up & Weighting + +[Current Portfolio Holdings](https://preview.redd.it/yh5okqg7zfl71.png?width=619&format=png&auto=webp&s=c36d246793420dbd45f40ecf0e637cc6e5e0aab8) + +# What I'm looking Forward to + +* **Uranium** over the next 2-3 years. Short to medium term will be wild +* **Rare Earths** \- particularly Vital Metals +* **Lithium**: Lepidico is currently drilling near mine and have already identified hits of rubidium, ceasium, lepidolite (lithium micas) and Uranium (YES LPD might have uranium as well) +* **Semiconductors and memory**: Weebit Nano - leaked commercial agreement with SkyWater Technologies should be finanlised this week. Weebit has been one of my longer holdings since $0.27/share and I have continued to purchase options. +* **Beer**: Good Drinks Autralia (Matos, Gage Roads and Atomic) - expanding out from WA to Eastern states. record beers sales year on year and new venues being built around country +* **Gold**: In true punt form I have taken a small bet on a sub $10mill market cap gold explorer in high risk jurisdiction of Ethiopia. I have researched the geo teams past success and pin 100% reliance on them to do it again. I have given **MEgado Gold** a timeline of 12months (June 2021) to see how the exploration drilling unfolds and if they can prove up a the start of a decent resource. Their share price has been testing the last 3 months, but it is only the beginning of their exploration works, so I will let it unfold for it self. + +# Lessons + +* 10x baggers aren't found, they're held +* Buying the dip or on red days takes discipline +* There is no need to ever chase stocks or FOMO. There is always opportunity +* Need to spend atleast 1hr per week per stock to keep on top of it +* On position sizing: every position should have potential to move your whole portfolio if they work big. You need to win big when you are right. + * % gains don't mean anything significant if you haven't positioned yourself significantly +* There is no shame in losing money on a stock. Everybody does it. What is shameful is to hold onto a stock or buy more when the fundamentals are deteriorating +* Set a plan and a strategy for when to take profits. Without a plan you are just throwing money in and have no idea when it will come out. Usually it doesn't. +* Difference between trading and investing? Investing - your intention with every purchase is to hold. Trading - your intention with every purchase is to sell. +* Patience is the most underestimated skill and most time-frames we predict rarely work out. + +&#x200B; + +Thanks for the kind words from those who have enjoyed my uranium posts. + + If you have jumped into Uranium from some DD drop a comment below of how its going +In the value investing world, Joel Greenblatt is one of those value investing gurus. However I found that his “magic formula” investing strategy was a bit odd especially in relation to the traditional buy below intrinsic value and hold for the long term. In his book he states that buying businesses with a high ROE is the key. This makes sense, however he says that you hold that business for only 1 year and then sell it and then buy new businesses that appear in his magic formula website and then repeat the process. I’m not sure how this is related to value investing. Maybe I’m missing something or have misunderstood his strategy. +Can anyone fill me in? +I’ve been hanging out on the $CATS telegram for two weeks and it’s a very fun meme-savvy community. The devs sprang a big surprise on Monday when they released their [whitepaper](https://catoshi.cat/wp.pdf) and it turned out they have been building a “MemeFi” product in partnership with [PADswap](https://padswap.exchange/) and [Spade Audits](https://spadetech.io/). + + +The basic idea is to combine DeFi functionality with the high-impact energy of a meme community. Their first “MemeFi” offering is called The Crossing, a cross-chain Ethereum-BSC bridge which also allows staking and yield farming. The initial version of The Crossing is launching this month and will later be expanded to also include Polkadot, Solana, Fantom, and Polygon. + +&#x200B; + +The Catoshi dev team is very solid and has impressed me on every metric you look for in a token! They locked their tokens, plan their moves carefully, deliver on schedule, constantly active with AMA's in the community, and choose their partners wisely. They get that success in this space comes from building trust through transparency and building partnerships with other solid teams. Partnering with [Spade](https://spadetech.io/), established smart contract auditing company, has allowed them to greatly reduce costs to audit token contracts on The Crossing. And partnering with [PADswap](https://padswap.exchange/) (developed by [Toad Network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6)), allows a high reward AMM/swap on BSC which The Crossing uses to enable DeFi features. + + +$CATS and their MemeFi project got written up by Satoshi Club today, so check out their post if you want to learn more: [https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/](https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/) + +\--- + +🌐 Website: [https://catoshi.cat/](https://catoshi.cat/) + +📃 Whitepaper: [https://catoshi.cat/wp.pdf](https://catoshi.cat/wp.pdf) + +🐤 Twitter: [https://twitter.com/OriginalCatoshi](https://twitter.com/OriginalCatoshi) + +📩 Telegram: [https://t.me/originalcatoshi](https://t.me/originalcatoshi) + +🃏 Tik Tok: [https://vm.tiktok.com/ZMd8bFV5k/](https://vm.tiktok.com/ZMd8bFV5k/) + +⌨️ Medium: [https://catoshi.medium.com/](https://catoshi.medium.com/) + +🔒 Liquidity: [https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS](https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS) + +✅ Audit: [https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20](https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20) + +📊 Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e](https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e) + +🦄 Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa](https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa) + +💎 Contract address: 0x6a00b86e30167f73e38be086081b80213e8266aa +I stayed with the same insurance company for auto since 2007. I added my wife to the policy when we got married in 2013, and then added a policy for our home in 2014. I noticed that the premiums were always trending up, as though there was no benefit for being a loyal customer. I finally put in the effort to shop around and found better deals for THE EXACT SAME or BETTER COVERAGE. + +Table|Current Insurance|Competitor A|Competitor B|Competitor C +:---|---:|---:|---:|---: +Annual Car|$4,100|$3,526|$2,548|$3,404 +Annual Home|$1,362|$1,033|$1,199|$792 +Total Annual Cost|$5,462|$4,559|$3,747|$4,196 +Annual Amount Saved|$0|$903|$1,715|$1,266 + +I'm not sure if it's against the rules to post the names of the companies or not so I left them out. After finding the potential for savings I posted to local social media asking "Anyone have any good or bad experience with claims from Company B?" and am waiting for some feedback before I move my policies over. That said, I'm sad I didn't look into this sooner, and look forward to getting into this habit every 3-5 years. +The Head of the DTCC just confirmed live in the HFSC meeting that the only margin issue in January was Robinhood. Meaning that Melvin and Citadel were in fact not margin called in the January squeeze. + +In interview with + +\-18:00 and running timestamp + +Edit 1: Edit Deleted\* + +Edit 2: This means the shorts were never **forced to cover** + +Edit 3: This confirms Citadel and point 72 offered capital in January to Robinhood and Melvin to prevent a Margin Call on their own positions. + +Edit 4: Video here + +[https://www.reddit.com/r/Superstonk/comments/n6er77/holy\_balls\_from\_the\_dtcc\_ceos\_own\_mouth\_no\_margin/](https://www.reddit.com/r/Superstonk/comments/n6er77/holy_balls_from_the_dtcc_ceos_own_mouth_no_margin/) + +Edit 5: This does not mean they voluntarily covered this means they are most likely still holding their positions. + +Edit 6: Unclear Theory Removed\* + +Edit 7: For clarity, removed some more inflammatory wording this was written in a rush while I was streaming and live charting. + +**For this I apologize.** + + I do not mean this to imply that zero short positions have been covered on the stock as I do agree with some of the sentiment below that some short positions covered in January. But this does show pretty definitive proof that the 3 Billion lent to Melvin their $4.5B in losses and the $1B lent to Robinhood were all in order to prevent a margin call. + +That's 7.5 Billion in losses to prevent a margin call on Melvin. We know Archegos was 7x margined(Confirmed in today's HFSC meeting) from this we can infer from Melvin's 12.5 billion in holdings they may have had **up to** $87.5B held in margin. The actual number may not be this high. But there was definitely a vested interest in preventing a margin call on Melvin in order to provide them with 1/4 of their worth in an immediate loan. + +I do still contend that even at the lowest average price period from 2/2-2/24 the average price was 57.76 at this cost it would have been $4.62B to cover 80 million reported shares sold short. Additional that's only 17 trading days (3 of which had overall volume of less than 10 million)so they would have had to cover 4.705M shares a day or 200 shares per tick. There is no way to do this and keep the price at an average of 57.76. Nor have Citadel or Melvin disclosed financials to indicate losses sufficient to have bought in at higher prices. (Melvin $4.5B, and Citadel 3%) + +So this leaves us with the fact that $4.5B from Melvin and another $4B From Citadel and Point 72 were spent to keep Robinhood and Melvin from being margin called. The head of the DTCC also confirmed Robinhood's liquidity issues were immediately resolved so buying should have never been halted. That's $8 billion in liquid capital, and blatant fraud. Committed to prevent a margin call on Melvin. "As nobody was pushed into that position". +Edit 8: https://www.reddit.com/r/wallstreetbets/comments/n6i28o/did_vlad_do_a_perjury/?utm_medium=android_app&utm_source=share +Vlad did a fibby.... +This sub is getting hit with more no effort spam and Youtube pumping, and it's really making me want to unsubscribe. I like the discussions that occur, and there are still great, well thought out posts from time to time, but the deluge of spam to see those occasional gems is not worthwhile. + +I've heard the "just ignore it" arguments enough. My email has a bunch of algorithms to get rid of the majority of the spam automatically, so I don't have to sift everyday. *Even if I'm very fast about it, I choose not to sort spam.* + +Two recent examples: + +An aged account that was [clearly bought to pump Warren Buffett Youtube videos](https://www.reddit.com/r/ValueInvesting/comments/vcgote/after_using_technical_analysis_and_being/). Lot of varied posts. No posts for 2 years. Then a whole swamp of nothing but Warren Buffett videos in bunch of subs. + +A [no thought, zero effort post](https://www.reddit.com/r/ValueInvesting/comments/vd0llh/what_is_your_opinion_on_origin_materials_orgn/) to get a "mention" on a stock ticker. + +**Possible solutions:** + +* Remove the option to post videos, or limit it to long-time contributors of the /r/ValueInvesting sub. Don't know if that second idea is possible. The first certainly is. This would solve the Youtube pumper problem instantly. +* A minimum word count in posts. This would go a long way to solve the no effort ticker spam issue. +* New redditors can comment but not post for some period of time. +* Redditors new to /r/ValueInvesting must accumulate some minimum effort threshold of comment karma before posting. Don't know if this is possible. + +Others might have more solutions, or more effective solutions. +The same money that was in my savings from last year. Except this year, can comfortably put half into div stocks. Lot of red, but way more green. Having my money work for me finally make sense to me, though I think I’m doing the laziest (and safest) form of long term investing. + +I’m reinvesting it all. Think I’m gonna put in 10% of my monthly check in too. May adjust over time. + +I’m excited and nervous. And I only got .56 in dividends today oh happy days. +The same money that was in my savings from last year. Except this year, can comfortably put half into div stocks. Lot of red, but way more green. Having my money work for me finally make sense to me, though I think I’m doing the laziest (and safest) form of long term investing. + +I’m reinvesting it all. Think I’m gonna put in 10% of my monthly check in too. May adjust over time. + +I’m excited and nervous. And I only got .56 in dividends today oh happy days. +I got paid via PayPal today and shortly thereafter I received an email stating that my account was permanently limited, meaning I have no access to my funds. PayPal customer service said my account was flagged by their algorithm for fraud and I have no recourse to dispute this claim. My funds are inaccessible for 180 days, after which I will be able to recover my funds. Alternatively, I can refund the payment back to the sender, after which the sender can get the money to me by other means. However, because I already have a pending transaction, I have to wait up to seven days for that transaction to be declined before I am able to initiate the refund. + +&#x200B; + +I'm so upset right now. This is money I need to live. I have a car payment overdue. I need gas in my car. I have bills to pay. And some computer algorithm somewhere decided this. Please, do not ever use PayPal to receive or hold any substantial amount of money. Because they can and will lock you out of your account for no reason and with no recourse. Please tell everyone you know to avoid PayPal and these online financial services that do not have any accountability. Use a real bank or trusted institution. This is outrageous. +I posted to this sub about two weeks ago when I was really anxious and depressed, and you all helped me a lot. Thank you. + +Well, things have only gotten worse since then. I am not checking my portfolio as obsessively anymore, but when I do, it is blood red and I feel sick to my stomach. I wish I had never started investing. Once this is all over, I think I am turned off from investing forever and back to just having my savings sit in the bank and do nothing. I can't take this. + +Just to recap, I started investing at the end of January. Put about 75% of my money into it, buying at ATHs like a complete f--ing idiot: + +• SCHG (50%) + +• ARKs, all of them, yikes (20%) + +• Now-dying stocks, like BB and PLTR (5% total) + +• Cash (25%) + +The sum of all this money constitutes my life savings (\~$22k) that I earned from years of dead-end jobs and saving meticulously. I thought I was being "smart", but I am clearly just bad at investing. I have been unemployed since last year covid and a huge medical emergency and was tired of my money doing "nothing", so wanted to invest it. Bad strategy and bad timing. + +I am sitting on massive losses right now, and being completely honest, I feel like these stocks will only plummet more. I don't see BB going back up to $20+. ARKK is looking more like Janus Twenty than ever. I bought in industries I actually liked and believed in (which is why I didn't buy AMC or RKT, despite the temptation), but clearly that wasn't good enough. + +Because this is my first year investing, I have never paid taxes on capital gains / losses. I have heard I can write off a max of $3000 as a loss … what does that mean, exactly? What happens if I cash out now with a loss more or less equal to that? + +Thanks all. +I updated my spreadsheet with some dividends I got paid and my yearly dividend payments are now over 1k a year. Its far from being able to live off, but if I wanted it's like my phone bill and Netflix account are free. Baby steps. +I’m 20 years old, making $50k salary so far. I started investing in 2020 when I turned 18. I didn’t dive straight into dividend stocks, I started investing in penny stocks because I didn’t know any better… quickly figured out that’s not what I wanted to do lol.. So I started doing more research and started investing in dividend stocks in 2021. Im investing $450 every 2 weeks. I DCA into all my positions. 2 Core holdings in my portfolio is VTI and SCHD. Aiming for more growth since i’m young but throwing in a little bit of dividends stocks so I can watch the snowball effect! Hopefully I can retire by 45! +I updated my spreadsheet with some dividends I got paid and my yearly dividend payments are now over 1k a year. Its far from being able to live off, but if I wanted it's like my phone bill and Netflix account are free. Baby steps. +I don't have a degree and can't really afford school on my own right now. I want to start somewhere as entry level If I have to and work my way up. I'm very driven and hardworking and I feel like if presented with something new I can figure it out and even make it better over time. My skill set is in mechanics, welding, planning and problem solving but I'm wanting to get away from the manual labor industry and into something a little more along the lines of a white collar job. + +I've been most successful the couple of times when I was able to lead crews or manage people but I either had to move for personal reasons or quit the job because they wanted me to move around too much. My current employer has made it very clear that once hired here I'm my department (industrial mechanic) there is no room for growth. That the only potential I have here is to be the best mechanic I can be. I'm not ok with that. + +I really want to get away from manual labor and start anywhere really I just want the potential for a well payed position to be available to me provided I work hard and make intelligent decisions along the way. I see all the guys I work with now and they're beaten down, stressed and you can tell the years of this have been rough on them. I don't want to be that guy. I also workout a lot in my free time it's kind of my passion and these physically demanding jobs really take away from that. I guess what I'm looking for is suggestions on where to start looking. I'm currently taking home $2,800 USD a month after taxes, 401k, insurance and all the other deductions. It's not a lot by any means but I've gotten comfortable with it. My previous jobs were closer to $2000 so I like making that little extra. + +Ideally I'd like to be taking home 4k a month within the next 5 years but I can't do that here and I don't think I can within this industry. I would appreciate some advice on where I could start looking. + + +Edit: I want to thank everyone that has taken time to respond to this post. There is a lot of solid and helpful information in here. I'm not ignoring everyone just currently at work and trying to catch up with this when I can. Bear with me guys and gals. Thanks again! +This isn't a pump piece but more of an observations piece. + +Does anyone feel like this is Q4 2016 all over again? I'm talking about price and sentiment here in this sub specifically when we had less than 5000 members. I'm probably not going to get a lot of old timers to chime in here but our numbers have gone 10x+ in terms of members and everything is magnified. + +The main difference this time pricewise is we're fighting for $1000 instead of $10. Just reading everything on Reddit yesterday with /u/laughncow [crash graph comments](https://www.reddit.com/r/ethtrader/comments/83xplk/here_is_a_history_of_crypto_corrections/?st=jepjvgad&sh=6178e015) reminds me of the troll winter here in EthTrader back in Q4 2016....lots of long timers were starting bailing out because they'd never seen a crash before that big. MANY MANY people bought at the high range $18-$22 (yes including me) and were capitulating under $12 hoping to get back in around $3 "because they'd seen it in Bitcoin before". And then the reversal took place at $5.85....so my mind thinks the market wants to see yet a 3rd dip to $585 to complete the painting of the tape. I will not dare sell here. So be it if it does. + + + +*"um..guys are we gonna be like 2014 400 day long bear again?"..."guys are we?"* + +When I here this fear I get the feeling that someone over invested. Don't over-invest. I made that mistake in that particular year. You can use risky money if you are younger but PLEASE don't use emergency money. One unforeseen medical bill forced my hand to sell at a loss that year. PLEASE don't use emergency money like I did. + +Now fundamentals have improved dramatically in terms of conference attendance, community participation, EEA, truffle use, DAPPS going through final audits/testing, OMG plasma in May along with a whole new wave media/gov/companies everywhere piling in the space and concern trolls are really truly worried we may revisit $100 again. REALLY? + + *"I'll be back in when we complete the retrace to $100-$200. I hate to see $300 break but it may"* blah blah blah. + +I know I'm a man of many rose colored glasses. There are ALWAYS going to politics and regulation fears in crypto. Just get it in your head that crypto is here to stay. The US at least is wanting your tax dollars any way they can and crypto is no longer something that has a fear of being wiped (which it can't anyway but that's a different philosophy thread) but rather being considering a BOOMING new asset class. An asset class that has proven to be a very low barrier to entry asset class with much to prove in terms of utility and trustless settlements. + +You can buy now, buy later, sell now, sell later. 4 choices. I personally think the band-aid is off and the next move up may leave you the way the reversal left so many traders at the station Q1 2017 particularly in April 2017. Traders back then who had sold at $10 never reentered because the price hit $50 and was still "overvalued". Now here we are just just under the new $7 in my book. + +I'm beginning to think market makers are holding a lower ceiling here and the higher lows are coming. I can feel it. Bitcoin needs to shit the bed one more time and let the strong hands go deep in around $7500, ETH ratio holds/goes higher here, we touch $550-$625 or so and then the train leaves the good gosh golly darn station again. No problem doing some DCA here. Just some thoughts. + +Project to January 2020 for a bit. What do you see? + + +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME up 8.89% on the day on no news, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good one this weekend and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ + +Edit: grammar of a word (thanks u/boopui) + +Edit 2: I see some posts about [why GME is up due to the main media](https://investorplace.com/2021/11/gme-stock-is-rising-because-constitutiondao-lost-its-bid-to-ken-griffin/). Seriously: Can we count this nonsense as an article? +I am reading an article on Elon Musk's views on moas (which the Motley Fool thinks we should heed!) and the original quote is: + +&#x200B; + +>First of all, I think moats are lame. It's nice sort of quaint in a vestigial way. If your only defense against invading armies is a moat, you will not last long. What matters is the pace of innovation. That is the fundamental determinant of competitiveness. + +This seems ridiculous to me. If a company has to rely on innovation and pour funds into R&D just to keep up with competition with new products etc... then it never had a moat in the first place. The whole essence of a moat isn't just a competitive advantage - but a **DURABLE** competitive advantage. + +The very consistency of the product, switching costs, barriers of entry etc.. are proof of the moat which stands for the long-term economics of the business. Companies come and go, and the ones that stay are rare. + +What do you all think? +I (30, M, US) after making 40k or less my whole life just got a job (software engineer) making 95K/yr. I have no savings, no retirement, and no investments but I also have no debt as I didn't go to college and have only had $500 limit credit cards. What should I do with my new income? Thank you! + +Edit: Thank you all so much for your advice, insights and well wishes!! + +I thought I’d also share a project of mine that hopefully will be helpful to someone. https://postsecretvoicemail.com +My name is André and I make music as RAC. I've been following the Ethereum project since January and I believe it's going to revolutionize multiple industries, including my own. + +Here's my wikipedia page if you want some more background: +https://en.wikipedia.org/wiki/RAC_(musician) + +I'm reaching out to this community because I would like to release my work on the Ethereum network. This is definitely early days and there's not really a platform for this, but you gotta start somewhere. I reached out to UJO music and have not received a reply, so I figured I'd try here. I believe that if this is somewhat successful, it will not only raise awareness, but it will start to bring in my peers. + +I have a technical background, but not quite as a developer so I'm wondering if anybody wants to join me for this project? Please DM. + +I've greatly enjoyed the daily discussions throughout this period and even though I've been a lurker the entire time, I want to get involved. + +**PS: Upvote the daily and don't forget to HODL.** + +**PS2: I'm in touch with UJO now!** +Institutional investors get first dibs. From the article: “I bet Zillow can sell to single-family landlords at a profit given how hungry those groups are for inventory,” he said. + +[https://www.bloomberg.com/news/articles/2021-11-01/zillow-selling-7-000-homes-for-2-8-billion-after-flipping-halt](https://www.bloomberg.com/news/articles/2021-11-01/zillow-selling-7-000-homes-for-2-8-billion-after-flipping-halt) +In this stupid world, where stupid people become rich by buying a stupid Coin why the fuck do i have to work hard and study and do things to become rich in order to help my fucking family and all i see around me, is stupid people posting on Twitter Instagram or wherever “doge Coin is so incredible i just made 10k” what the fuck is wrong? + +EDIT I’m not angry about others gains, the main problem here is the fact that a coin with no absolute utility gets in 4th position of the most capitalized coins in the world + +EDIT 2 everyone under this post is writing: “you are just jealous, bla blabla” I don’t care about who is earning with doge, I got my crypto and my earnings too, I made a 700+ in less than 2 months. This is not the point. +https://finance.yahoo.com/news/bill-ackman-on-wealth-inequality-and-defense-of-capitalism-213958621.html + +Specifically, the 54-year-old activist investor suggested that the government create investment accounts for every baby born in the U.S. that would invest in no-fee stock index funds, and withdrawal from those funds wouldn't be allowed until retirement. + +According to Ackman, assuming a rate of 8% per year, investing $6,750 in an account at birth would yield assets of more than $1 million by age 65. It would cost the government $26 billion per year, based on the average number of children born in the U.S. + +In addition, the billionaire suggested that companies should be required to put a fixed percentage of a worker’s salary or wages in a tax-free investment account that couldn't be touched until retirement. In that way, it would mimic Australia’s successful superannuation system. + +Thanks for the awards. +Hi /r/ Personal Finance + +I live overseas and recently I started working with a new company. About two weeks ago I received an email with some information that needed to be reviewed by HR and one item (out of many) ended up being partial company payroll information for employees in my department. My best guess is that the file was accidentally saved under the wrong title. + +No one knows I have this information. What is shocking was to see how little I'm earning in salary compared to several colleagues. I'm the new head of my department but I'm not earning close to what several other employees are earning; even some with lessor positions. Those with equal-ish footing to my role are essentially earning about twice to three times the amount I earn. + +Obviously I want to now renegotiate my salary and a better package; but as I'm new to the company I want to proceed with some caution. + +Not sure the best way to go about this to keep myself protected, increase my salary, and to avoid this biting me in the ass somehow. + +Any advice? + +**Edits** + +Didn't expect so many messages this morning. To answer a few questions, I should point out a few things. + +1. My job pays 6 figures and is above the current market rate. + +2. The payroll information indicates monthly compensation, not YTD + +3. The payroll information indicates people hired within the last 1 year to company. Not for all employees + +4. The information is for people locally in my office; so not factoring in cost of living for discrepancies. + +5. There is no currency difference + +6. This is not typical U.S. "at will employment" as some people are saying. However, as an expat in a foreign country, I'm aware I have many limitations/lack of protections. + +6. The information received is accurate + +I don't care about pay discrepancies of $10k or $20k; However this is double and triple my earnings; This is not cross-departments either; this is in my department and I oversee many of these people. + +Market-wise; yes I'll be looking for other employment as a back-up, but my earning wage is higher than market rates and my industry is a bit unique. + +My interest was to get advice on the best way to go about increasing my salary to these new levels; with the information I have. Not necessarily by tomorrow! + +**Edit 2** + +Because seniority keeps being brought up . This payroll information only includes the people ***newly hired during the last 1 year***. The company starting date is listed on the document, and I've been able to confirm that information is accurate. + +Also, I'm located in Asia - This is not an expat relocation package. I live here and the people in my office are also from said country. + +Pay differences aren't a big deal. However, 2x to 3x pay difference is a big deal. Salary was negotiated, I'm earning more than my counterparts at different companies of the same industry. Been in this industry for 10+ years and know the market rates. + +My information is listed on the document, so I can see how the calculation is being done. + +Edit 3 + +Lot more response than I expected. Will do an update post later and include some more information. + + Copied from Redditor a1988eli - this is post is a few years old now but by far the best I found on the topic + +"I can answer this one. For some reason, I attract these people into my life. I don't do anything super extraordinary. I am not famous. But I count many peoplewith ultra high net wealth among my close friends and I have spent more time than even I can believe with 8 different billionaires. This is not just meet-and-greet time. This is small group and even one-to-one time. I dated the daughter of one billionaire several decades ago. So I have gotten a peek into this life. + +Let's get one thing out of the way. There are gradations of rich. I see four major breaking points: + +Worth $10mm-$30mm liquid (exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth' + +Net worth of $30mm-$100mm + +At this point, you start playing with the big boys. You can fly private (though you normally charter a flight or own a jet fractionally through Net Jets or the like), You stay at 5 star hotels, you have multiple residences, you vacation in prime time (you rent a ski-in, ski-out villa in Aspen for Christmas week or go to Monaco for the grand Prix, or Canne for the Film Festival--for what its worth, rent on these places can run $5k-20k+ per NIGHT.), you run or have a ontrolling interest in a big company, you socialize with Conressmen, Senators and community leaders, and you are an extremely well respected member in any community outside the world's great cities. (In Beverly Hills, you are a minor player at $80 million. Unless you really throw your weight around and pay out the nose, you might not get a table at the city's hottest restaurant). You can buy any car you want. You have personal assistants and are starting to have 'people' that others have to talk to to get to you. You can travel ANYWHERE in any style. You can buy pretty much anything that normal people think of as 'rich people stuff' + +$100mm-$1billion + +I know its a wide range, but life doesn't change much when you go from being worth $200mm-$900mm. At this point, you have a private jet, multiple residences with staff, elite cars at each residence, ownership or significant control over a business/entity that most of the public has heard of, if its your thing, you can socialize with movie stars/politicians/rock stars/corporate elite/aristocracy. You might not get invite to every party, but you can go pretty much everywhere you want. You definitely have 'people' and staff. The world is full of 'yes men'. Your ability to buy things becomes an art. One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car. Did I mention women? Because at this level, they are all over the place. Every event, most parties. The polo club. Ultra-hot, world class, smart women. Power and money are an aphrodisiac and you have it in spades. Anything thing you want from women at this point you will find a willing and beautiful partner. You might not emotionally connect, but damn, she's hot. One thing that gets rare at this level? friends and family that love you for who you are. They exist, but it is pretty damn hard to know which ones they are. + +$1billion + +I am going to exclude the $10b+ crowd, because they live a head-of-state life. But at $1b, life changes. You can buy anything. ANYTHING. In broad terms, this is what you can buy: + +Access. You now can just ask your staff to contact anyone and you will get a call back. I have seen this first hand and it is mind-blowing the level of access and respect $1 billion+ gets you. In this case, I wanted to speak with a very well-known billionaire businessman (call him billionaire #1 for a project that interested billionaire #2. I mentioned that it would be good to talk to billionaire #1 and B2 told me that he didn't know him. But he called his assistant in. "Get me the xxxgolf club directory. Call B1 at home and tell him I want to talk to him." Within 60 minutes, we had a call back. I was in B1's home talking to him the next day. B2's opinion commanded that kind of respect from a peer. Mind blowing. The same is true with access to almost any Senator/Governor of a billionaires party (because in most cases, he is a significant donor). You meet on an occassional basis with heads-of-state and have real conversations with them. Which leads to + +Influence. Yes, you can buy influence. As a billionaire, you have manyways to shape public policy and the public debate, and you use them. This is not in any evil way. the ones I know are passionate about ideas and are trying to do what they feel is best (just like you would). But they just had an hour with the Governor privately, or with the Secretary of Health, or the buy ads or lobbyists. The amount of influence you have can be heady. + +Time. Yes, you can buy time. You literally never wait for anything. Travel? you fly private. Show up at the airport, sit down in the plane and the door closes and you take off in 2 minutes, and fly directly to where you are going. The plane waits for you. If you decide you want to leave at anytime, you drive (or take a helicopter to the airport and you leave. The pilots and stewardess are your employees. They do what you tell them to do. Dinner? Your driver drops you off at the front door and waits a few blocks away for however long you need. The best table is waiting for you. The celebrity chef has prepared a meal for you (because you give him so much catering business he wants you VERY happy) and he ensures service is impeccable. Golf? Your club is so exclusive there is always a tee time and no wait. Going to the Superbowl or Grammy's? You are whisked behind velvet ropes and escorted past any/all lines to the best seats in the house. + +Experiences. Dream of it and you can have it. Want to play tennis with Pete Sampras (not him in particular, but that type of star)? Call his people. For a donation of $100k+ to his charity, you could probably play a match with him. Like Blink182? There is a price where they would simply come play at your private party. Love art? Your people could arrange for the curator of the Louvre to show you around and even show you masterpieces that have not been exhibited in years. Love Nascar? How about racing the top driver on a closed track? Love science? Have a dinner with Bill Nye and Neil dGT. Love politics? have Hillary Clinton come speak at a dinner for you and your friends, just pay her speaking fee. Your mind is the only limit to what is available. Because donations/fees get you anyone. + +The same is true with stuff. You like pianos? How about owning one Mozart used to compose music on? This is the type of stuff you can do. + +IMPACT. Your money can literally change the world and change lives. It is almost too much of a burden to think about. Clean water for a whole village forever? chump change. A dying child need a transplant? Hell...you could just build and fund a hospital and do it for a region. + +RESPECT. The respect you get at this level is just over-the-top. You are THE MAN in almost every circle. Governors look up to you. Fortune 500 CEOs look up to you. Presidents and Kings look at you as a peer. + +PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000. There is literally nothing you can't buy except. + +Love. Sorry to sound so trite, but it is nearly impossible to have a normal emotional relationship at this level. It is hard to sacrifice for another person when you are never asked to sacrifice ANYTHING. Money can solve all problems for someone, so you offer it, because there is so much else to do. Your time is SOOOO valuable that you ration it. And that makes you lose connections with people. + +Anyway, that is a really long answer, but I have a very unique perspective because I have seen behind the curtain of the great and mighty OZ. just wanted to share + +EDIT: Wow! An unbelievable response to this (8x gold and 6000 upvotes. OMG) Thank you for all the comments and PMs. I am working 14 hour days right now, so I can't answer most, but to answer the most common PMs: + +Seeing all of this doesn't make me want to get into the top tier. Different lives have the same emotional degree of difficulty: I met Sylvester Stallone at a party a few months back for the first time. Great guy. Has a beautiful, smart wife and a great career. He had a special needs son who died young. Nobody has it all. Nobody." +EDIT UP FRONT: + +Someone called the Reddit suicide mods and they’ve been in touch. Whoever that was. I nearly died laughing. Well played. + +Some really great comments here but for the next year I’m buy and hold in order to same my time, effort, money, and anxiety. + +I’ll keep a small pot for options. + +What a great community (sprinkled with some patronising traders - you can always tell who literally hasn’t got a clue about trading from how patronising they are) + +THE POST: + +RIP 2021 profits, and we're only 2 weeks from completing the year. + +If I'd cashed out at the beginning of this month, I'd have been 20% up. + +But now. I. Am. Fucked. + +Greed AND inexperience. The perfect combo with an anger and desperation shake. + +You can literally feel the self-loathing oozing through this post. + +EDIT 1: + +biggest losers this year: + +GRWG -$2200 (bought shares at $36) +SOFI -$1600 (shares at 18) +AMD - $2000 (shares at 147) +CRSR -$1400 (shares at 36) + +Strategically, I’ve bee railed whenever I go long on shares. Ive done well out of theta in general. + +If anyone wants to give me their strategy then fine. +I have nowhere else to post this but I really need to get it out. + +Been working for the last decade in the public school system, with my actual position being paid through a non profit. As I was working for a non profit, my pay was always low for the work I was doing, but that was the norm as schools in this area pay non profits to serve children as a way to save money. + +About a year ago my companies management team took a hit when my bosses boss left. The guy who replaced her is, for lack of a better term, an idiot. The team has been struggling mightily and it has resulted in people in my position being jerked around and treated badly. About a month ago, it was my turn. New guy in management tried to fix something that didn’t need fixing by transferring me to another school. My current schools principle pulled me into the office and said she was unhappy with how my team had handled the situation, but that she felt badly, as she felt like I was made to be the scapegoat. She said her main priority in this situation was to keep me in the building, and proceeded to offer me a job. + +Here’s where the life changing part comes in. Met with HR earlier to get a formal job offer and my grown ass cried like a baby in front of them. First, my pay is going up from just under $30k to just over $40k. That is a huge pay increase that was more than enough for me, but not the end of the good news. + +Four years ago, we had our first child, and My insurance went through the roof. For the last four years, I have been paying nearly $12k a year for health insurance for my son and I (about $225 a week). Well come to find out, being employed by the school system means that insurance for the two of us is covered at 100%. As in its free. + +Basically my pay almost doubled. Today was a good day. +Finalising the design with our architect, about to file for a permit (floor plans here, architecture here). Here's what I got so far, layout wise: + +&#x200B; + +* master bedroom with walk-in wardrobe, large bathroom with detached bath and sauna, private terrace with outdoor hottub +* second kitchen hidden behind the main one +* gym and playroom +* my mancave, with a private terrace +* 3 kids bedrooms, 1 guest bedroom, laundry room, wardrobe room, technical room +* two car garage + +Is there anything you would add? Any technology creature comforts / amenities I should be considering at this point? Stuff like smart home solutions, house-wide sonos setups, etc. +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 have been wondering about the really bad two stock days. Very good stocks are seeing heavily red drops. Despite stimulus talks and general demand, the underlying economic situation with covid is truely a nightmare. + +1. We have printed more money than ever +2. A lot of this money was pumped into the stock market +3. We have still large unemployment around the gload +4. The larger scale of bankruptcies is still unknow +5. Impact on housing markets and other loans is largely unknown +6. We do not have better fall back plans than printing more money +7. Crazy stocks like tesla habe p/e that is probably impossible to reach and there are many of them on the marke +8. Retail investors are playing bets like crazy burying through billions in days but also making market moves based on social media and not fundamentals +9. Vaccination is still too slow all across the world +10. The virus is still happily mutating and spreading with no ease in sight + +Are we looking at a dip or the emergence of a proper crash like match 2020 +I left school just over ten years ago now. What I find interesting is that my classmates who were the most disruptive and who got the worst grades are typically earning more, in our late twenties, than the “good” kids. + +I’ll explain further; the naughty kids, by and large, have moved into trades-work, often working for their dad or uncle or something who own a small plumbing / building / painting company. Often earning in excess of £30k a year, and frequently getting paid “cash in hand”. + +The studious pupils, unless they were in the top 5% of grades, went to an average uni where they got a degree with less than obvious real-world application, most of them are now either in low end office jobs doing admin work, or working in Starbucks etc. + +Can anyone relate to this? + +This is not meant to be a criticism of anyone or anyone’s choices by the way. +Ethereum is a decentralized network. The "right way" to perform transactions in the network is for you to connect to the network **directly** and to submit your own transactions **directly**. This would require you to run a wallet or node that connects directly to the network. This would take longer for you to set up and you'd have to download (at least part of) the blockchain, maintain it, maintain peers, etc etc. + +MyEtherWallet, a 100% free and 100% open source project. They are nice enough to do all this work *for your convenience*. They run their own nodes, synchronize the blockchain, and push *your transactions* to the blockchain *for you* free of charge, and that's on top of them providing all the beautiful wallet generation tools for free too. + +So instead of moaning on about how awful MEW is because your ICO purchase didn't go through... first realize that + +1) you're complaining about a free service that thousands of people are trying to use at once. Unless you're going to donate 100 ETH to them to cover their server costs then your complaints are impractical. + +2) You're complaining about something without understanding how it works, and you don't even realize you're also doing it wrong to begin with. If you want a 100% reliable wallet 24/7 then you have to go set one up and maintain it yourself. So quit complaining about the people nice enough to let you use *their node* at *their expense* for free because you are too lazy to set up a proper wallet/node yourself. + +3) the status.im contribution page listed *five different ways* you can contribute. *Three* of these ways connect directly to the network and they even provided *video tutorials* on how to use them. These would've solved your problems today. You quite literally tried spending hundreds or thousands of dollars on something without reading the instructions, and then when things went wrong you decided to blame the good guys at MEW, who are the only party in this equation not making money from the ICO, by the way. +> The bank posted profit of $4.01 billion, or 40 cents a share, compared with the 46 cent estimate of analysts surveyed by Refinitiv. Revenue of $22.8 billion essentially matched expectations, and trading results exceeded expectations by more than $500 million.  + +The bank also set aside an additional $3.6 billion for potential bad loans, a reflection of the darkening economic outlook. Its total provision for credit losses rose to $4.76 billion, from $941 million the previous quarter. + +[https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html](https://www.cnbc.com/2020/04/15/bank-of-america-bac-earnings-q1-2020.html) +Just dipped into Cineplex after watching it for a while. I think there could be a pseudo Renaissance of the movie theatre experience after the pandemic restrictions are lifted, or even eased back. I think it is also a lot more stable than our neighbour's to the south's version in AMC, and with just as much potential upside. (Aside from meme explosion possibility.) I didn't put a huge stake in it, only 400 shares at 12.15, but for me this is about as much as I want to throw at it right now, with the potential to increase my stake in a month or so. Going to feel out the waters some more. + +Is this something other people have been looking at recently, and if so, why have you, or have not pulled the trigger?. +“Compound interest is the eighth wonder of the world. He who understands it earns it… he who doesn’t… pays it.” - Albert Einstein + + +this is a great calculator with chart - [https://www.hdfclife.com/financial-tools-calculators/compound-interest-calculator](https://www.hdfclife.com/financial-tools-calculators/compound-interest-calculator) + + +# Example One - Ajay, 23 years old, just started a job of 40k rs per month, no previous savings or investments. + +Lets say Ajay starts a modest SIP of Rs 4000 per month. He lives in bangalore which is a high cost city. + + +for the next 5 years, he pays the same Rs 4000 / month even if his salary increases. He expects to withdraw this amount at the age of 70. + + +He will stop paying any amount after the 5th year and let the compounding do its magic. + + +So, Rs 4000 / month SIP, 13% annual returns, 70-23 = 47 years of investment time, 5 years of SIP payments. + + +After **47** years, his investment of **₹ 2.40 lakhs** will grow to **₹ 7.74 cr (at 13% pa).** + + +If he has a house paid off by then, hopefully 7.74Cr in 47 years would be worth something. + + +# Example Two - Rahul (not Gandhi lol), 40 years old, Software Developer, earns 25 LPA, married and two kids. + +Rahul is currently paying the home loan of his fancy apartment and a new car. His wife doesnt work anymore and after paying for the school fees of 2 kids, he is left with Rs 30k / month. + + +He currently has a Fixed Deposit of Rs 10 lakhs fetching him a measly 6% per annum. He never invested in stock market because of his father's beliefs. + + +So now he wants to start an SIP of Rs 10k per month and put a lumpsum deposit of Rs 10 lakhs. this 10k / month SIP will be payed for 20 years. + + +He will encash at age 60 (20 years investment duration). + + +So at 13% pa, at the age of 60, he will get **2.47Cr**. had he NOT put the initial deposit of Rs 10 lakhs, he would be looking at just **1.15Cr**. + + +# Example 3 - Mukesh, 21, is a auto driver in Mumbai. He earns Rs 40k / month. His family is in Bihar and is recently blessed with a baby boy. + +He sends all his savings to Bihar and his family spends almost all of it. They have a bank account but don't have any FDs. Gold and Village land is the only savings they have. + + +Mukesh learns a lot by reading Hindi Business newspapers and ferrying customers near dalal street. He dares to ask questions to his riders about mutual funds and other savings options. Some of his riders give genuine advice, some just laugh at him. + + +Mukesh also knows that without english education and good quality schooling, his son will meet the same fate as him. So he decides to setup a modest SIP of just Rs 1000 / month in his son's name. + + +He decides that he will pay these SIPs till his son is 18 years of age and then let his son pay those EMIs for the rest of his life. + +With no initial deposit, Rs 1000 / month SIP, 13% pa, 18 years payments, his corpus grew to 8.63 lakhs after 18 years. Not a lot of amount. + + +His son stopped the SIP payments at age 18 and soon forgot about his father's investments. + + +After many years, at the age of 60, Mukesh's son rediscovered his father's SIP investment which was stopped when he turned 18. This corpus has now grown to **19.71Cr (at 13% pa)**. He couldn't believe his eyes. + + +Had he continued the SIP payments from age 18 to 60 of just Rs 1000 / month, he would be looking at **Rs 21.83Cr**. Not a lot of increase. +My Investments professor posted this question, I was wondering if anyone had any insight: + +5 bonus points if anyone show us an investment that has yielded an annually compounded rate of return of 10.82% without a loss in more than 70 years. It is available if you know where to look. + +My first thought was a piece of property, or maybe a piece of artwork? +This is going to be a very short post. I just needed to say this, because I see a lot of folks discourage using a credit card the way I do. + +Every now and then, my wife and I have a big purchase to make. We do have the cash in the bank to do it, but we always call up one of our credit cards, ask for a 0 percent promo, and use the 12 month term (usually it's that length) to pay it off throughout the year. + +No interest paid, and I get to stay more liquid. Ohh and rewards points! + +I've gotten chewed up on this sub for doing that, but it's worked for me numerous times. We trust ourselves to pay it. + +That is all. +As a response to the guy who got margin called yesterday: +1. If you’re leveraged to the tits and all your capital is tied up in trades +2. If your account can’t stomach the max loss of a position, + +You honestly deserve to lose it all. Maybe I’m just insanely conservative, but I always have at least 1/3 in cash to manage positions that go against me. If you blow up your account that fast and that easily in thetagang, you’re just doing an overcomplicated version of WSB with less upside. So if you think about it, you’re actually a worse trader than anyone over at WSB. +Fucking learn risk management, it’s not that hard. +Quick background: I’m a 30 y/o woman who has been in the tech industry for over 10 years. I was always overworked and underpaid in the startup life, so I stopped the rat race for a bit and became self-employed. I stayed SE for years to take care of my mental/physical health but recently decided I needed something a bit more stable and predictable. Now, back at a startup with healthier boundaries, full benefits, and my income is 220k. I worked really hard to save over the years on a lower income, remained frugal, sacrificed a lot in order to invest in my first rental property (ex. no traveling). I’m used to living with very little and have been pretty disciplined about my finances. Almost to a point of unhealthiness, as I’ve been driven by the fear of being homeless and broke again (between college semesters, a story for another time). + +I am moving to the LA area with my fiancé and am trying to budget for a place. I don’t know what’s reasonable for the area versus outright ridiculous (this is a blurry line, esp in LA, it seems), and I’m just trying to make sure I choose a responsible budget. I then quickly realized that I don’t have one. I have lived so frugally for so long that I just save as much as possible and work with what’s left, but I know this is not necessarily sustainable nor needed. I am a little financially behind, and beat myself up over it often, so perhaps, that’s clouding my ability to make a damn budget as well. What is a responsible budget for renting to begin with? + +Here’s my financial breakdown: + +20k in retirement +15k in investments +75k in savings (I know, this is dumb, hence why I’m here lol) +220k salary +(Combined income with fiancé is 320k) + +EXPENSES +$2100 current mortgage +$750 car payment (this is the only real “nice” thing I own. I know I’m about to get burned in this thread for this haha. I have a Tesla and the environmental factor is a big incentive for me as an inhabitant of earth and whatnot :) +$100 car insurance +$100 health insurance +$50 recurring subscriptions + + +Any help, advice, tips, and suggestions on housing costs (esp if you live in the LA are) are highly welcomed and encouraged. Appreciate it! + + +tl;dr I used to make 50k but now make 220k, I have no idea what to do with the money or what a healthy budget looks like for this... +I'm talking about the recent Coronavirus crisis. + +Say people can't pay rent. So, landlords need to pay the mortgage to the banks. And the banks expect that money. Why can't debt (that unpaid rent during this crisis) be forgiven by the banks (or whoever is above them) in light of this crisis? + +I'm very ignorant of economics so I honestly want to learn... I suspect it will upset some intricate balance that I don't understand, and have severe consequences for the over-all economy. + +So if someone can explain this to me like I'm five, that would be great. +I'm a 31M FANG engineering manager (TC: 550K-600K, Networth: ~1.5MM, SF bay area). I've been hating my job lately because of the bureaucracy / pointless busywork of a large corp, and a lack of space for me to move up. Having said that, I'm comfortable, and my role isn't all that time-consuming (work 35 hours a week). + + +I received an offer from a Series A startup as an individual contributor. Technically this is decreased scope, but the company doesn't really need managers right now. I'm not sure if that matters but if I do want to be a people manager, it would be hard to get back in with only 1 year of EM experience. The offer is reasonable (170K, 0.50% equity), but based on my calculations I'd need the company to become a unicorn just for me to break even (albeit with capital gains tax treatment instead of earned income). I liked the founders and engineers I talked to. I like the work a little less than what my team does now. + + +Financially, should I stick it out for the guaranteed comp? By my calculations, I could retire in less than 20 years with 10MM semi-guaranteed (not counting spouse income/networth). Obviously, life happens, but my point is that I'm on a path to FatFire with no risk. Having said that, there's substantial upside from the startup. 1 billion valuation is breaking even, but 2 billion cuts my FatFire time in half. And if it isn't panning out after the first year, I can jump ship. When I look around at my former classmates, most of them are at a startup of some sort. +Great AMA here from Loom: + +https://www.reddit.com/r/ethereum/comments/8i4iir/hi_rethereum_we_are_loom_network_and_were_helping/ + +Also see: + +https://medium.com/loom-network/scalability-tradeoffs-why-the-ethereum-killer-hasnt-arrived-yet-8f60a88e46c0 + +" I think the real question is, what other blockchain would we have built on if not Ethereum? There's not really a credible alternative. + +- Ethereum has several orders of magnitude more developers than any other platform. And if you don't have developers building on your platform, you're building a ghost town. + +- Ethereum is sufficiently decentralized, which is necessary for a base layer. Other blockchains that claim to be cheaper / faster than Ethereum, it's typically because either a) no one is using them so there's low competition for transaction fees, or b) they've sacrificed decentralization by design in order to increase throughput. See our post on the subject. + +- As far as we're concerned, Ethereum has already won the race for developer mindshare, and with so many active projects in the developer community like Web3.js, MetaMask, Infura, Truffle, Trustwallet, etc. (it's a long list), it's going to be extremely difficult for another platform to catch up. + +- It's possible that another blockchain platform will spring up at some point in the future that's 10x better, and if enough of our users demand it we can add support for another blockchain. But we wouldn't bet on it. + +- Plus, any additional features another blockchain might offer such as gas-less transactions, low-latency transactions, or higher transaction throughput, can simply be implemented as Level 2 services on top of Ethereum (like Loom) rather than building a new base layer from scratch. " + +https://medium.com/loom-network/everything-you-need-to-know-about-loom-network-all-in-one-place-updated-regularly-64742bd839fe +Take it any direction you'd like but please keep it relevant to success, happiness and enjoyment within fatFIRE, family, life, investing, career, or business. + +I'll go first with two of the more valuable thoughts I frequently revisit (among many others, happy to share): + +* **The grass is greener where you water it... usually.** There is a fine line around "usually" and only through experience do you get better at evaluating where you should water vs actually jumping the fence. Through careful consideration you'll find that 95% of the time the right answer is watering where you are. Think about this when you are dissatisfied in an area of your life and believe external changes will bring resolution +* **Ichigo Ichie ("one time, one meeting" in Japanese).** Similar to the Stoic idea of momento mori meaning "remember, you will die". You'll never have the exact same experience twice in life, so take every moment in and enjoy it. Enjoy the people you are with, work you are doing, food you are eating and places you go because you'll never do it again exactly the same way. Heres a good [article](https://www.mindbodygreen.com/articles/what-is-ichigo-ichie-10-rules-of-the-japanese-way-to-happiness) with a few other more thoughts/examples to chew on + +Edit: link is not my article or blog / self promotion nor am I affiliated with it in any way + +Edit 2: THANK YOU ALL! This is an absolutely amazing thread that I'll cherish for a long time and hope others will do the same. +#I"M A FUCKING RETARD (SORRY NEXT INVESTORS) + +[LINK TO UPDATED POST IS HERE](https://old.reddit.com/user/Mutated_Cunt/comments/moqm5e/the_next_pump_a_comprehensive_analysis_of_the/) + +Okay, I was building the spreadsheet tracking the performance of Next Investor stocks using Google Finance to track the total return, and I've just realized I made a fucking critical mistake. + +In short, its the classic programming error of missing your list index by 1, this meant that my Total Return calculation was actually the end of day return. This means that every single number you see with a percent sign in a table in my original post is fucking mis-indexed by 1, that's why the 5 minute return is so low, that's actually showing the price of the stock before the pump. Fuck me. + +I've double triple checked everything else, which I'm willing to stand by still. All the red circle plots are legit, but if I was smart enough to look closely at my total returns plots, I'd realize what a dumb cunt I am. + +&#x200B; + +This re-analysis has shown that buying Next Investors stocks, even 1 hour after the email has been sent, would have netted you \~20% return. All Hail Next Investors. + +&#x200B; + +For a live tracking of the performance of their email recommended stocks, check [this spreadsheet here](https://docs.google.com/spreadsheets/d/1hsy0Q2f60x3w4EUShxi7a2b6iyr_rWAeEpCB7hJPCP8/edit#gid=1191708562) +https://www.cbc.ca/news/business/budget-housing-1.6412384 + +It isn't part of RRSP room. More room to invest. Seems like 8 k fixed contribution room per year. + Robinhood shares hit a new low this week that pushed the company’s market capitalization below the value of its cash on hand. + +The brokerage app, once a darling of the tech industry, has slumped to roughly $7 per share — an 80% decline since its July debut price of $38. + +Read the full article: [https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/](https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/) + +**Robinhood’s (HOOD) market cap ($6 billion) is now lower than its cash on hand of $6.19 billion reported during its recent earnings release.** + +**Do you think this implies it's undervalued and a good buy?** +Biden proposes $1.9T stimulus package which includes: + +* $400 billion for provisions to fight the coronavirus with more vaccines and testing +* $1 trillion+ in direct relief to families through stimulus payments and increased unemployment insurance benefits +* $440 billion for aid to communities and businesses, including $350 billion in emergency funding to state, local and tribal governments + +This is in addition to already $4T of stimulus approved by Congress. + +source: [https://www.washingtonpost.com/us-policy/2021/01/14/biden-stimulus-covid-relief/](https://www.washingtonpost.com/us-policy/2021/01/14/biden-stimulus-covid-relief/) +Jio's dream run continues. + +[https://www.ndtv.com/business/reliance-industries-agm-2020-google-to-invest-rs-33-737-crore-for-7-7-stake-in-jio-platforms-reliance-industries-chairman-mukesh-ambani-2263164?pfrom=home-topscroll](https://www.ndtv.com/business/reliance-industries-agm-2020-google-to-invest-rs-33-737-crore-for-7-7-stake-in-jio-platforms-reliance-industries-chairman-mukesh-ambani-2263164?pfrom=home-topscroll) +My wife (38) had a stroke that left her with no motor function. She will require care for the rest of her life. We have two little girls. 11 and 8. I need advice on how to protect the estate if anything were to happen to me. I don't want her ongoing care to drain the estate if I'm gone. I also need to set up protection for our kids. I have so many questions about long term disability, social security, etc. I'm overwhelmed and don't know where to begin. + +Edit #1 I am meeting with a social worker this afternoon. UPDATE: Social worker was amazing and she says the kids are doing very well and to keep doing what I'm doing. The kids like her and I'll continue to have her check in on them. + +Edit #2 My wife has a school loan. Can I get this absolved? + +Edit #3 My wife is a RN making $65k/year. I've contacted her manager about her last paycheck and cashing out her PTO. + +Edit #4 WOW amazing response. As you can imagine, I have a lot going on right now. I plan to read through these comments this evening. + +Edit #5 Well, I've had even less time than expected to read everything. I've been able to skim through and I'm feeling like I have a direction now and a lot of good information to reference along the way. +California is paying off residents' past due rent that was accrued during the COVID-19 pandemic, giving renters a clean slate, Gov. Gavin Newsom announced recently. + + +https://www.newsweek.com/california-pay-off-all-past-due-rent-accrued-during-covid-giving-renters-clean-slate-1602556 +Jefferies analyst Randy Konik said “Amazon had a delivery speed advantage, but that advantage has compressed.” + +Evercore ISI analyst Omar Saad wonders if other brands “will follow” Nike’s lead. + +It is clear to see how cutting out Amazon and focusing on direct sales could significantly reduce costs for Nike and other brands. Nike was up 2% at the close with a PE of 31x current year estimates. + +This is not a recommendation to buy or sell. Stocks are risky and not suitable for everybody. Please do your own research. + + [https://www.cnbc.com/2019/11/13/brands-dont-need-amazon-nikes-departure-could-prompt-others-to-go.html](https://www.cnbc.com/2019/11/13/brands-dont-need-amazon-nikes-departure-could-prompt-others-to-go.html) +Bonfire has an ATH of 110M market cap in just 5 DAYS! + +This token is now 6 days old with about 65,000 holders already. Just as the title says, there's a huge opportunity within this coin. Community growth has been consistent and is thriving, take a visit to our discord server or telegram chat to see this. They currently have an AMA planned on discord thats in 3 hours at 7PM UK TIME. There is a lot the anticipation for coinmarketcap, coingecko, blockfolio, etc. Marketing is going to be a huge focus from the admins , pushing this coin further than people could imagine. Ultimately, the combination of transparency from the leadership through AMAs, an importance placed on marketing, and a thriving enthusiastic community is what will drive this price up and a 1 billion market cap isn't something absurd to think about. There's a lot of long term plans for Bonfire and they're trying to escape the label of being just another shit coin. + + +Website - www.bonfiretoken.co/ +Discord \[AMA HELD TODAY\]: https://discord.gg/AhJXDff5FH +Telegram - t.me/BonfireTG +PancakeSwap - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +Chart - https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +Our own subreddit - https://reddit.com/r/BonfireToken/ +Twitter - https://twitter.com/token\_bonfire +BSCScan: https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590 +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + +This is a new bill that was introduced on the floor of the US Senate entitled, +“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” + +**It basically says everything is evil..** + +1. Cash is Evil +2. Bitcoin/Crypto is Evil +3. Prepaid Phones are Evil +4. Gift Cards/Vouchers/Coupons are Evil + +These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. + +Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process. This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes. + +Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’. + + +Have too much cash? You’d better tell the government. + + +If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form. + +This is unbelievable on so many levels. + +It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash. + +But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever. Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties. + +Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years. + +But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison. Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella. + +Here’s where these people demonstrate that they have no idea what they’re talking about. + +No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply. + +Bitcoin is created automatically amounts that are predetermined by its code. It’s software. + +So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations. + +The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US. + +CALL your congress & house of representatives and tell them not to pass this bill! +Finally it happened. + +Govt will calculate the capital gains, dividend income etc and will tell you how much extra you need to pay. No more confusion. Announced in union budget today. + +How they are getting this data : + + +a) They are making brokers compute the gains and give them the report + + +b) MF Agencies are now mandated to give gains statement to govt. Already the infra is ready - You can get CAMS, KARVY capital gains in few seconds - They will use same data . + + +c) They will get dividend income from depository - CDSL,NDSL . Will cover bonds, NCD etc easily in this. + + +d) Banks will anyway share the data so no issue in that - No sure they will share the data if FD interest is <40,000 ( Limit of TDS) + +Update : It appears this was announced in Budget 2019 itsel as per /u/RisenSteam + +https://economictimes.indiatimes.com/news/economy/policy/budget-2019-pre-filled-tax-return-forms-faceless-assessment-proposed/videoshow/70089046.cms + +Union Finance Minister Nirmala Sitharaman on Friday said Pre-filled tax returns to contain info from salaries, bank interest, capital gain and dividend income to be made available. + +It was also again announced in Budget 2020. And now 2021. +So I work for an RIA and I interview perspective clients and learn about them to find out if we would be a good fit for each other. I want to tell you about this couple I met. + +Early 60s, worked for 30 years in the school district, with two grown kids (in their early 30s), and ready to retire next year. + +Their first job paid them around $10k / year and +Their current joint income is around $160k per year as W2 employees. + +They will retire with $45k per year in pension (for EACH) + $30K Per year in Social Security benefits (for EACH). + +Both of their kids had higher education without any student Loan debt. + +They have #1.5 Mill in investable assets that they were able to save over the last 30 years AND have over $2 Mill in real estate assets. + +Zero debt + +Talk about a successful financial well-being. They did everything right. It's not about what we earn, it's about what we save & what we do with it. +I know TA isnt always well liked in r/ethrader but here is my bull case for eth. + +ETH is currently sat in the middle of a large symmetrical triangle \(much like Bitcoin\). While a symmetrical triangle can break in either direction my argument is for a breakout upwards. + +The target for this pattern is the height of the pattern which is top of $1430 \- bottom of $250 that gives us a $1180 target from breakout. That gives an estimated target zone of \~$1900. + +I have placed a Fib set running from the start of my bottom trend line at $84 to ATH at $1430. Using the fib extensions we get the 1.272 and the 1.618 \(this one being one of the more reliable fib extensions\) sat either side of the target zone. Assuming we break the 1.272 fib line i would certainly expect a test of the 1.618 line. Even if this is a short term blow off top. + +This is definitely a big call and would require huge amounts of money piling back into the markets \- however, i thought /Ethtrader needed some optimism in the absence of Scienceguy + +https://i.redd.it/76o33uf3t5211.png +Say for instance you had a job where you were paid around $200,000/year with guaranteed annual raises (more than just COL) and bonuses. + +Would you still pursue active day trading or would you stick to the passive investing route? +# 🥜PeanutButter the Launchpad from BurningMoon is here and they are proud to present their first launch – Coinunity! It is launching today, Saturday 18th December 8PM UTC 🥜 + +**Keep in touch with the latest news and join their community:** + +[**https://t.me/peanutbutterofficial**](https://t.me/peanutbutterofficial) + +[https://t.me/BurningMoonBSC](https://t.me/BurningMoonBSC) + +**💲Where to buy $BM from? Pancakeswap with 12% slippage! 💲** + +[https://pancakeswap.finance/swap?outputCurrency=0x97c6825e6911578A515B11e25B552Ecd5fE58dbA](https://pancakeswap.finance/swap?outputCurrency=0x97c6825e6911578A515B11e25B552Ecd5fE58dbA) + +**📈Contract BSC:** + +0x97c6825e6911578a515b11e25b552ecd5fe58dba + +**🚨We are talking about $BurningMoon, tell me the hottest news! 🚨** + +🔥/🔥/🔥BurningMoon is excited to announce that it’s heavily anticipated and highly secure token Launchpad: PeanutButter.io will go live on BSC today! + +🥜 PeanutButter.io provides a secure and fair environment for token launches, which will result in a smooth and gratifying experience for all parties involved. + +Part of the process is a though vetting of contracts and teams behind new token opportunities. This avoids new projects to fail due to avoidable errors and faults in their smart contracts. + +🥜PeanutButter.io is unlike every other Launchpad as it is fully decentralized! The team does not receive or hold any token they can dump on early investors. Instead, the launch fee is entirely distributed within the BM holders. No massive bags in the background but many hands to receive fresh investment opportunities with every success story launched on this new type of pad! + +🔥 The first token to launch of PeanutButter.io will be [Coinunity](https://coinunity.one/) \- the social coin. Coinunity is a tweet-to-earn system that will reward promoters and investors at the same time. Join their telegram - [https://t.me/CoinunityBSC](https://t.me/CoinunityBSC) + +🔥 [Coinunity](https://coinunity.one/) investors are rewarded for holding through self-reflections. But also via rewards enabled through daily transactions and giveaways. This allows collecting even more benefits. Not only by passive holding, but also through becoming an active part of the Coinunity. + +🥜 Any token that launches on PeanutButter.io can be seamlessly associated with BurningMoon's collaboration NFTs. These NFTs are enhanced through smart contracts and provide benefits, such as ongoing rewards in the partner's token currency. + +🥜 The integration with one of BSCs most innovative and secure reflection tokens makes PeanutButter.io the go to platform for every new project starting out in the crypto space. + +🔥 Additionally, it is possible to get access to other benefits such as Whitelists, through the acquisition of Golden and Diamond Ticket NFTs. These will provide further rewards and opportunities to holders. As it expands the BurningMoon ecosystem + +🔥 As we talk NFTs and the ecosystem: A new partnership NFT drop is due tonight @ 21 UTC. Get them in 5 Rarities from a 2000 PCS supply and earn lifetime rewards! THIS is the next level NFT game. + +**👉 What is $BurningMoon? We are going for a lot of burning!** + +$BurningMoon is a hyper-deflationary token, that aims to achieve the highest burn rate ever seen, by incentivizing holders to burn their tokens. + +Holders get rewarded in BNB. Additionally, they can choose to be rewarded in any token they wish, including the “Promotion Token” which enables special bonuses. + +**👉 What are the key use cases and advantages of $BurningMoon token?** + +✅High reward system – $BurningMoon provides all holders a passive income earned from every transaction. + +✅Anti-Dump Mechanics – Frequency and amount of token to be sold is limited per wallet. + +✅Sacrificial Token – Holders can burn their tokens to double their rewards. + +✅Security by Design - $BurningMoon was coded from scratch by Rainhard, a well-known developer. + +✅Prelaunch Audit + +✅Community Oriented and Fair – The team strives for transparency, trust and full community drive. + +✅Team Driven – Their team consists of experienced and dedicated individuals + +✅No Phoney Roadmap – Instead of listing blurry goals their team will expand their ecosystem from the get go. + +**👉 Does Burning Moon token have some utility to show?! More than one!** + +Take a look at their app and see for yourself their product: + +[https://burningmoon.finance/app/](https://burningmoon.finance/app/) + +And check out the stunning alpha of Peanutbutter the next gen BSC Launchpad: + +[https://peanutbutter.io](https://peanutbutter.io/) + +**💲They are CMC and CG listed! Take a look! 💲** + +[https://coinmarketcap.com/currencies/burningmoon/](https://coinmarketcap.com/currencies/burningmoon/) + +[https://www.coingecko.com/en/coins/burningmoon](https://www.coingecko.com/en/coins/burningmoon) + +**💎Tokenomics (Burninomics):** + +**📌** Maximum Supply: 417,906,728 (Over 50% burned in 3 Months) + +**📌** Token maximum hold (Whale protection): 10,000,000 + +**♻️Tax Distribution (varies):** + +**-Taxes(variable)** + +**📌** Buy tax: 0% - 10%(variable) + +**📌** Sell tax: 0% - 19% (variable) + +**-Tax Distribution** + +**📌** 80% Staking + +**📌** 20% Auto LP + +**🔗 Join the community and feel the great vibe!** + +Burning Moon’s team have given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website**: [http://burningmoon.finance](http://burningmoon.finance/) + +**📱 Telegram**: [https://t.me/BurningMoonBSC](https://t.me/BurningMoonBSC) + +**📱 Telegram Announcements**: [https://t.me/BurningMoonBSC\_ann](https://t.me/BurningMoonBSC_ann) + +**🕊 Twitter**: [https://twitter.com/BurningMoonBSC](https://twitter.com/BurningMoonBSC) + +**🌐 Instagram**: [www.instagram.com/burningmoon\_bsc](http://www.instagram.com/burningmoon_bsc) + +**🌟Reddit**: [https://www.reddit.com/r/BurningMoon/](https://www.reddit.com/r/BurningMoon/) +Hi everyone, + +There have been a lot of posts recently on these two subjects - crazy cost basis reports when transferring out of Robinhood, and some anecdotal reports (or maybe just a single report?) about some fractional share executions outside of the NBBO. I've made some comments on those threads but I thought it might be helpful to put everything together in one place. + +First, I don't mean to throw cold water on these theories all the time, or to constantly be talking about technical glitches. But I have seen how many of these systems work, and it's also common sense to think about incentives - firms invest in technology that makes them money (like trading), and they don't invest in technology for cost centers (like record keeping and compliance). Front office trading systems are sophisticated and high-performance. Back office record keeping systems are often ancient, and always under-invested in. This is especially true when regulatory fines are little more than a cost of doing business / slap on the wrist. + +If you want to see this in action, just go to [FINRA BrokerCheck](https://brokercheck.finra.org/) and search for a broker. As I explained in another comment: " Lookup a broker and start looking at their violations (I've done this systematically in the past when evaluating broker dark pool enforcement action risk for institutional asset managers). It's a constant stream of OATS violations (the Order Audit Trail System is a record of all orders and trades that a broker reports to FINRA, being replaced by the CAT), order marking violations, failure to produce trade records, mistakes with order flag records, etc. A constant stream of technology problems. I even [presented](https://www.sec.gov/comments/4-652/4652-32.pdf) to the SEC on this after the Knight Capital incident 9 years ago." This is not meant, in any way, to excuse the behavior. Record keeping mistakes should honestly be criminal - without accurate records, regulators can't do their jobs. So under-investment in compliance and record keeping systems makes sense in both ways for these firms - the fines are paltry, and if they're trying to avoid detection, shitty record quality is a feature, not a bug. + +Now, all of that being said - for those of you who have gotten these insane cost bases when transferring out of Robinhood - [file a whistleblower complaint](https://www.sec.gov/whistleblower). Seriously, this is your best course of action. If there is, in fact, a systematic problem with Robinhood back office systems, and the SEC goes in and fines them, you could get a cut of that. You might think it's just GME, but it's very likely that it affects other stocks too. And keep good records of your trades for filing taxes so that these mistakes by RH don't affect you. + +Next, on the topic - I have no idea why you're seeing insane fractional share cost bases when transferring, especially when you didn't buy fractional shares. I have no good explanation for it. My assumption is that it's a result of under-investment in back office technology. I can't possibly see how it is a reflection of any actual trading though. Keep in mind that these are tax records - they are not trade reports. There's a big difference. And even though these records appear to be all messed up, it doesn't really mean that any trades were executed at that price. For those of you who did transact in fractional shares, you have to also know that there is very little regulation around fractional shares. Fractions are not reported to the tape/market, and while firms are under a best execution obligation, that obligation is hardly enforced at all. So most of the rules I talk about are kind of thrown out the door when dealing with fractional shares, because they are not really considered within the current regulatory structure. I would also caution that any fractional shares traded outside of regular trading hours (9:30am ET - 4pm ET) can likely trade at any price, and I would never execute a trade like that. + +Ok, finally let's talk about the NBBO and tradethroughs. As I've explained before, the National Best Bid and Offer is the best price in the market, and is protected during regular trading hours. This means that brokers, off-exchange trading systems, and exchanges have safeguards in place to ensure that trades are not executed outside the NBBO. This system is not perfect. A while back there was an effort to have more disclosure for retail brokers and internalizers by the FIF. That has mostly stopped since the new Rule 606 was passed, but I found that Fidelity is [still disclosing](https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/FIF-FBS-retail-execution-quality-stats.pdf) these extra stats. You can see that for most orders, 98% - 99% of the shares get executed at or better than the NBBO: + +https://preview.redd.it/dxc1kgm6eh071.png?width=744&format=png&auto=webp&s=ec0406b878fc475b756bc9328618b6c9f8142940 + +Why isn't it 100%? Generally speaking, it's because there aren't enough shares available at that price. If there's only 100 shares on the best offer, and you want to buy 200 shares, you're not guaranteed to get them all executed at the offer (although wholesalers like Citadel talk a lot about size improvement along with price improvement, but that's an entirely different conversation about how they goose and manipulate those metrics). Citadel stopped providing these reports in 2019, but you can see that back then [theirs looked similar](https://s3.amazonaws.com/citadel-wordpress-prd101/wp-content/uploads/sites/2/2016/09/09175131/FIF-Rule-605-606-WG-CitadelSecurities_Retail-Execution-Quality-Stats_Q1_2019.pdf). + +Now, I cannot speak to anecdotes - I can only deal with data. I know there are claims about some crazy execution prices out there. I can assure you that these are not systematic issues, but it's always possible that there are crazy trades. That's why FINRA and the exchanges have [Clearly Erroneous rules](https://www.finra.org/rules-guidance/rulebooks/finra-rules/11892). This rule would not exist if it wasn't needed, and when I traded we had to invoke it at times. Sometimes crazy trades happen. When they do, alerts go off, and you get them busted. Remember that for every trade there's someone on the other side of it, and if you got to sell some GME at $2600, that means someone is on the hook to pay that. That person would be incentivized to have that trade busted, and has recourse to do so. + +Ok, finally some have questioned why I generally assume Hanlon's Razor - don't ascribe to malice that which can be explained by incompetence. I'm not as quick to accuse anyone of criminality as others. I'm comfortable with that. I'm a scientist, and I need to see data. When I see it, and it's convincing, then I'm comfortable making serious accusations. If that's naive, I'm ok with that. It doesn't make me fight any less to improve markets, and to improve transparency and access to data, so that we can have informed conversations and debates. And as you'll see in an article I have coming out soon, it doesn't make me hesitant to fight Big Tech when there's a serious fight to be had (you have to keep in mind that most of my day job is focused on tech and AI these days). But it does drive me to wait on convincing data before making such accusations. That's my style, and it's not for everyone. + +I hope this is helpful. I'll keep trying to answer questions when I can. Market structure is extremely complex, and even when trying to explain it, it's tough to distill it into something understandable when you haven't been immersed in it. +My mother wants to invest in my brother future who is 15 now and in high school. I don’t know much about finance investing money stuff like that but I’ve been trying to research what are some beginner ways to start investing in his future. We thought about opening credit card under my mother account like minimum balance that he can’t excesses but idk how that works or if it’s actually a good idea. Many have mention plans like 529 college, custodial Roth IRA with fidelity. My mom doesn’t make lot of money as she only works in fast food place but she wants to help build something to help him out. +I'll put the best info up front. If you want to avoid late payments, minimize damage, and overall cultivate quality tenants, your screening process needs to account for the following 4 things. + +&#x200B; + +1. Credit Score of 600 or higher (consider going to 650 in some areas) +2. Clean Criminal Background with no Felonies (some jurisdictions will not allow you to refuse Felons, check with a local lawyer/realtor) +3. No Past Due Balances to Landlords or Utility Companies. +4. Monthly Income of 3x the rent or more. + +&#x200B; + +This is the criteria that my company uses to screen tenants for the 620 properties that we manage. Using this method we have over 95% of tenants pay on time with a $0 balance on their ledger (even during Covid). Our average vacancy is under 2 weeks per year. Our average property turn is under $300, and over 95% of turns cost less than the Security Deposit. It's not a fool-proof method, nothing is, but it's consistent and it protects us and our homes in most scenarios. + + + +**Those 4 are pretty obvious. Here are 4 common mistakes to avoid that I see private owners make all the time.** + + +1. No Cosigners. +2. Don't fall for Sob Stories. +3. If ANYTHING seems fishy, run. +4. Never compromise, even if your home stays vacant a little while. + +**Cosigners** + +With the possible exception of college towns with young students just starting out, you should never accept co signers. If a tenant is in need of a cosigner to begin with, this shows they can't handle their own finances. They are an accident looking for a place to happen. Point them to a life coach or financial specialist who can help them get back on track, but do not make their problems your problems. + +Not to mention, the vast majority of Co-signers think it's a 'letter of recommendation' type situation, and have no intention of paying for their delinquent friend/family. + +&#x200B; + +**Don't fall for Sob Stories** + +*Hurricane Katrina displaced me from my home, and I couldn't find a job in the 2008 recession, when I finally got my feet underneath me in 2014, my kid got leukemia & I got diabetes. I had to go to part time, then my wife left me and I lost the house....* + +Look, I don't mean to be cynical here, but don't let someone else make their problems your problems. + If a person falls on hard times, and needs financial help, there are thousands of missions, support groups, churches, & charities in the world designed to get people the help they need. If you feel a personal call from God to be this type of change in the world, go volunteer at any one of these places, but **DON'T USE YOUR RENTAL AS A CHARITY.** I keep a mental list of the best local missions & charities so that I can point those in need to people who can best help them. I am not a professional problem solver, I know housing and that's what I provide. + +&#x200B; + +**If anything seems fishy... run** + +When people let their financial situation go south, they get desperate. Some use this desperation to get the help they need and get their life in order. Some turn to fraud. I've had women say they were living alone, only to sneak their SO with 5 counts of felony assault into the home. I've had people use their family's SSN to apply for the home. I've had suspicious gaps in employment/housing history, etc. + + +&#x200B; + +**Never Compromise** + +In almost every situation where I give someone the benefit of the doubt, something shady comes up, and I end up regretting my decision. It's almost always better to refund their application fee, and let the property sit a week or two, than to take the gamble. + + +*Remember if it takes 2-3 weeks of lost rent to find a better tenant, that's still a better deal than a month of lost rent.* +Just a reminder that this is not the first time we've seen losses of 50% or more. Pulling data from coinmarketcap.com: + +* Bitcoin hit a high of $147.49 on 4/29/13 and a low of $65.53 on 7/5/13, for a total drop of **-56%**. +* Bitcoin hit a high of $1156.12 on 12/4/13, and a low of $171.51 on 1/14/15, for a total drop of **-85%**. +* Ether hit a hit of $3.54 on 8/7/15, and a low of $0.42 on 10/22/15, for a total drop of **-88%**. +* Ether hit a high of $15.79 on 6/22/16, and a low of $5.98 on 12/6/16, for a total drop of **-62%**. +* Ether hit a high of $414.76 on 6/12/17, and a low of $133.72 on 7/16/17, for a total drop of **-68%**. + +How does that compare to our current market? + +Bitcoin hit a high of $20,089 on 12/17/17 and is currently at $6,756.03, for a drop of **-66%**. + +Ether hit a high of $1417.38 on 1/10/18 and is currently at $657.12, for a drop of **-54%**. + +This is not the end of the world. We'll make it through this. + +Hodl strong my friends. +Previous thread here: [https://www.reddit.com/r/wallstreetbets/comments/la5s8i/gme\_discussion\_thread\_for\_february\_01\_2021\_part\_2/](https://www.reddit.com/r/wallstreetbets/comments/la5s8i/gme_discussion_thread_for_february_01_2021_part_2/) +Charlie munger famously said “All I want to know is where I am going to die so I’ll never go there.” + +So what in your opinion are the worst things one can buy right now? This can include anything (individual equities, ETF’s, foreign markets, precious metals, bonds, real estate). + +My top picks would: +- electric vehicle companies (Ie. Tesla, Rivian, Lucid) +- ARKK ETF (despite it being down) +- bonds (pretty much across the board due to negative real rates) + +What are yours? +As mentioned in previous articles, Pigzbe is a blockchain first digital piggy-bank that operates on Wollo, a family friendly cryptocurrency. This makes Pigzbe the world’s first piggy-wallet. Pigzbe and Wollo fundamentally replace physical piggy-banks with an alternative that fixes the massive issues presented by incumbent digital piggy-banks (no micro-transfers, slow, non global). + +There is at least $1.2 trillion in cash floating around the globe, of which many millions, possibly billions, are kept in children’s piggy banks. On top of that, an average of $16 per week (Asia, US, Europe) is given to children by 400 million middle and upper-class families. The market potential for servicing these families as micro-financing networks with a token that delivers a practical, educational and social benefit is simply enormous. + +Pigzbe is made up of 4 elements: 1) Wollo (WLO), a utility token that enables saving, learning and spending 2) A wallet, app and game for families and children that lets you manage your Wollo. 3) Pigzbe, a tangible controller and cold storage device that interacts with the app and game. 4) The Wollo Card, a payment card that allows families to spend Wollo in multiple currencies. +Husband bought a NEW truck without my knowledge. Just drove home with a truck and a $860/month payment for 5 years. We bring in 4400/month. Our mortgage is $900/month. My car payment is $320. I have one year left on that. We pay $500/week for daycare for our single kid, so that’s HALF our money gone at the end of the month. After our mortgage, this new truck payment, my car payment and daycare that will leave us with a grand total of $330 a month for our other bills. “We will be fine” he says. I just lost it. Then he told me to get a second job if I was so worried. I am so close to graduating with my BSN. I can’t have two full time jobs and go to school full time FOR A TRUCK HE BOUGHT. He told me to sell my car because his truck gets better mileage and I asked him how his diesel truck getting 22 miles to the gallon is better than my car that gets 32 and he said the tank is bigger on his. It’s like he’s been replaced with a stupid alien. I don’t even know what his thought process has been. + +We cannot survive on $330/month or pay our other bills, water, gas (diesel for his stupid new truck) , electric, FOOD. We will have nothing to put back for emergencies. I am so angry, this is the most irresponsible thing. I can’t even leave. I won’t be able to find a place to rent for under $900 month beside that this is my home damn it. I can’t afford the mortgage and other bills on my own. I’m just a NA right now, I only bring home $1800/month. Not enough to even cover daycare. I couldn’t afford a lawyer anyway. + +Edited: I am overwhelmed with all the wonderful advice here. I always come here to read the advice, it’s one of my faves spots on Reddit. I can’t respond to you all. We have (had) amazingly great credit. I am just sick over this. He is refusing to take back the truck. We had another blow up over it. I graduate in December and I already have an offer of employment at the hospital I work for so he said he “took a chance on a great offer because our money situation will change”. I told him I was done. We can’t go 6 months on nothing. And $500/week is CHEAP daycare for where we are at and it’s a very good daycare, I am not leaving my baby at some sketchy home daycare. I am not quitting my job to stay home so my husband can have a fucking truck. The hospital is helping pay my tuition and I like my job. I am not going to be stuck jobless and dependent on a man, no thanks. No he hasn’t hit his head or have any sort of mental issues that I know of. +I’m trying to grasp if billionaires actually pose a significant impact on the working class. On the consumer side I wouldn’t think they would trigger much inflation outside of stocks since their consumption for food, cars etc. are similar to a working class consumer. Perhaps on the income side they cause a suppression of wages by extracting excess value but wouldn’t competition generally minimize that excess? What am I missing or is there no fundamental problem with billionaires? +My land lord is selling his home. He wants to retire. He told me he plans to put the home on the market in April but if I was interested to let him know and I'd get first dibs. I told him I was and he told me to talk to a realtor and see if they can get me in contact with a lender. + +So far I have no realtor but got a pre approval going on. I been pre approved for his range of asking $160k-$170k (pre-approved for 160). I also had the home inspected. Major issues were the dryer vent needs to be fixed, water heater will need replacing soon and I will need to get the septic serviced. Roof had some shingles missing and Hvac was replaced in 2018. + +Homes in my area ( South East Georgia) for the same Sq ft can go for $150k-$190k. I know the market is hot and others are telling me compared to what is listed its a pretty good deal. I'm comfortable with putting 10% down and so far have a 4.6% interest rate. I'm sure he knows the home will sell quick if he puts it on the market but he also will be shelling out money to do so instead of just selling it to me. + + +My inspector gave me his wifes info. I looked her up she been in real estate for 18 yrs. I'm thinking of giving her a call but not knowledgeable on what exactly realtors do besides show homes which I don't need to be shown one. + + +What are my next steps besides wait on my pre-approval application to send me more minor steps to complete? How do I negotiate to getting some credit for the repairs the home will need in the near future? Or should I just bite the bullet hire an realtor and pay a little extra. + + +Thank you for any help. +I’ve been hanging out on the $CATS telegram for two weeks and it’s a very fun meme-savvy community. The devs sprang a big surprise on Monday when they released their [whitepaper](https://catoshi.cat/wp.pdf) and it turned out they have been building a “MemeFi” product in partnership with [PADswap](https://padswap.exchange/) and [Spade Audits](https://spadetech.io/). + + +The basic idea is to combine DeFi functionality with the high-impact energy of a meme community. Their first “MemeFi” offering is called The Crossing, a cross-chain Ethereum-BSC bridge which also allows staking and yield farming. The initial version of The Crossing is launching this month and will later be expanded to also include Polkadot, Solana, Fantom, and Polygon. + +&#x200B; + +The Catoshi dev team is very solid and has impressed me on every metric you look for in a token! They locked their tokens, plan their moves carefully, deliver on schedule, constantly active with AMA's in the community, and choose their partners wisely. They get that success in this space comes from building trust through transparency and building partnerships with other solid teams. Partnering with [Spade](https://spadetech.io/), established smart contract auditing company, has allowed them to greatly reduce costs to audit token contracts on The Crossing. And partnering with [PADswap](https://padswap.exchange/) (developed by [Toad Network](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6)), allows a high reward AMM/swap on BSC which The Crossing uses to enable DeFi features. + + +$CATS and their MemeFi project got written up by Satoshi Club today, so check out their post if you want to learn more: [https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/](https://esatoshi.club/catoshi-cats-pioneers-of-the-next-phase-of-defi-the-memefi-revolution/) + +\--- + +🌐 Website: [https://catoshi.cat/](https://catoshi.cat/) + +📃 Whitepaper: [https://catoshi.cat/wp.pdf](https://catoshi.cat/wp.pdf) + +🐤 Twitter: [https://twitter.com/OriginalCatoshi](https://twitter.com/OriginalCatoshi) + +📩 Telegram: [https://t.me/originalcatoshi](https://t.me/originalcatoshi) + +🃏 Tik Tok: [https://vm.tiktok.com/ZMd8bFV5k/](https://vm.tiktok.com/ZMd8bFV5k/) + +⌨️ Medium: [https://catoshi.medium.com/](https://catoshi.medium.com/) + +🔒 Liquidity: [https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS](https://team.finance/view-coin/0x6a00b86e30167F73e38bE086081b80213E8266Aa?name=Catoshi&symbol=CATS) + +✅ Audit: [https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20](https://twitter.com/OriginalCatoshi/status/1399371333092380672?s=20) + +📊 Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e](https://www.dextools.io/app/uniswap/pair-explorer/0xabbcae34df06c9b530a49082d5a4616467d3460e) + +🦄 Uniswap: [https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa](https://app.uniswap.org/#/swap?outputCurrency=0x6a00b86e30167f73e38be086081b80213e8266aa) + +💎 Contract address: 0x6a00b86e30167f73e38be086081b80213e8266aa +So when I look up the definition of socialism, it says it’s the government controlling the means of production. However, whenever someone is talking about the government redistributing wealth, people say “that’s socialism”. But how is that socialism? Isn’t the definition of socialism just the government basically owning businesses? Wouldn’t wealth redistribution be a different thing, since the government isn’t actually owning the means of production, they’re just taking from one person to give to another? +Excuse my ignorance and not to be a downer but... + + +Seeing petrol hitting 2 bucks a litre in my city, my grocery bill going up 10% some weeks and 15% other weeks in spite of not changing what I buy + property prices on the rise again post lockdown, I'm just wondering... + + +***Is this a permanent thing now? Are prices for these goods, services and real estate going to stay like this forever? (or get even higher?).*** + + +I'm aware of inflation but the increases in all of these things this year seems to have caught even the most financially savvy off guard. +My wife (38) had a stroke that left her with no motor function. She will require care for the rest of her life. We have two little girls. 11 and 8. I need advice on how to protect the estate if anything were to happen to me. I don't want her ongoing care to drain the estate if I'm gone. I also need to set up protection for our kids. I have so many questions about long term disability, social security, etc. I'm overwhelmed and don't know where to begin. + +Edit #1 I am meeting with a social worker this afternoon. UPDATE: Social worker was amazing and she says the kids are doing very well and to keep doing what I'm doing. The kids like her and I'll continue to have her check in on them. + +Edit #2 My wife has a school loan. Can I get this absolved? + +Edit #3 My wife is a RN making $65k/year. I've contacted her manager about her last paycheck and cashing out her PTO. + +Edit #4 WOW amazing response. As you can imagine, I have a lot going on right now. I plan to read through these comments this evening. + +Edit #5 Well, I've had even less time than expected to read everything. I've been able to skim through and I'm feeling like I have a direction now and a lot of good information to reference along the way. +I rented an Airbnb house in Vietnam for 5 days, when I used the bathtub for the first time, it broke as soon as I put my second foot in. Called the owner immediately and mob all the water that got in the bedroom myself, it doesn't look like it broken completely, I used a flashlight and the light can't get through the wood to the other side, the bathtub looks kinda old too and when I took pictures I can see some black molds where the broken edge was. + +The owner said it was unfortunate but glad I was so quick to taken responsibility, but then he also said since the guest booked the house can't use it (the house has another 2 showerheads indoor and one out on the balcony) and he had to helped them find other places , I have to help him with some of the money he lost, this is near the Tet holidays in Vietnam so he said he lost a lot of money, and then since he has booked the service lady to work in Tet holidays, he has to pay her too. + +After I have checked out, he called me and said that when he sent the pictures of the broken bathtub to the repairman, he said it can't be repaired and he will have to be replaced. So I have to help him pay for the new bathtub plus some of the money he lost plus the money he had to paid to the service lady. I mean, I can probably pay for that but isn't it a bit excessive? I used Airbnb regularly and this is the first time I have broken something so I'm dumbfounded right now, how can I figure out an acceptable amount to pay this host? +1. My husband has officially transitioned from work from home to live in the office. +2. I can’t imagine people in Europe work until 10pm or 11pm as often as people in competitive fields do in the US. +3. we could barely take any vacations without answering emails or calls. +4. I don’t envy our situations at all. I would rather earn less, and spend my August in Greece. +5. If people look at US salaries, they should adjust it by hours difference. + +As a pregnant woman, I have a lot of discomfort and complaints. We haven’t traveled for a while and I have some WFH burnout. Thanks for listening. +Interests rates have been near 0 for close to 5 years as the Fed has been pumping trillions of dollars into the economy each year. Why hasn't this caused inflation? Where is the inflation? When can I expect inflation? +Look, I signed the contract at the end of the day… but finding out a unit in my building sold for $200k more than mine only weeks later stings. And I haven’t even moved out of the building yet. There are only 4 units in my building of this layout, both mine and the other are fully renovated, the only difference being mine faces the street, the other does not. Surely not worth $200k more though? +I paid my agent for his advice, he was pushy and recommended I sell off-market (even calling/texting on a Saturday night to see if I’d signed yet, despite me saying I’d think about it over the weekend). I didn’t need to sell this unit to buy my next place, I could have held off until I found my next place (and saved a load of stress whilst trying to secure the next place)… then to find out the agent knew the buyer of my unit well….. ahhh it stinks. +Anything I can do about it besides live and learn, and push it out of my mind?? + +EDIT: I’ve gone through our correspondence and there is a message from him asking “have you signed yet as I’ve already told the seller you accepted”… My reply was “I feel pressure”…. 😣 + +Also - I know I’m an idiot. + +UPDATE: Spoke to a solicitor. He thinks I have a case as the agent didn’t act in my best interests. There is a lot of evidence to suggest he was being pushy and pressuring me to sign. He has suggested I present the case to a Barrister to get their view on whether or not it’s worth going through litigation. If so, present a letter to the agent/agent’s insurer with this information along with valuations. Then most likely to go to mediation. Getting to that point could take several months and cost $50k. If unsuccessful go to court and that could take 12 months and more $$. The solicitor has said I cannot back out of the sale and to proceed with settlement, as there is no evidence of collusion between the agent and buyer. +I have some thinking to do… +I have a STEM background, math-heavy. I now have to study Economics very quickly, both Micro and Macro. It's written in plan language, and, at first blush, the assumptions of Neoclassical theory seem weird - people don't have explicit and consistent utility functions that can map any basket of commodities to a single numerical Real value, or even ones that can [consistently organize](https://en.wikipedia.org/wiki/Well-order?wprov=sfla1) the sets of possible baskets by preference or indifference. + +However, these formulations started to make sense to me once I tried to phrase them as mathematical statements - I'm getting the impression that they're an effort to take a very complicated and messy reality and express it into tidy, mathematically rigorous models. [You don't really answer the question you set out to, but you answer one about something that's somehow close to your target while being much easier to measure and model and operate with.](https://en.wikipedia.org/wiki/Operationalization?wprov=sfla1). It's the resource-allocation equivalent of physics' infamous "perfect rigid sphere through a frictionless void on a perfectly straight inclined plane with infinite friction coefficient and [no slip or rolling resistance](https://en.wikipedia.org/wiki/Rolling_resistance?wprov=sfla1) being released at time t=o with velocity v=0" as something that is utterly deranged and surreal at first glance, but is a useful first approximation on the long road to "how should I build the brakes on this car so it can go down the steepest hills with roads on them at a fluid yet safe traffic speed" or "how do I design the rails and wheels on these drawers so that they slide down into place when released and slow down *smoothly* at the end so that they close *just so*". + +Sorry for the detour. TLDR, what I mean to ask is: what are good textbooks on "economics for STEM-trained dummies" or "economics in math-speak" or "good luck writing any of this digitally without generous helpings of [AMS-LaTeX](https://en.m.wikipedia.org/wiki/AMS-LaTeX)"? +Both individuals and corporations pay property tax yearly for land and buildings that they own, why is there no similar tax for IP such as patents in order to prevent or mitigate both patent monopolies and patent trolling? + +Right now it seems that the trade the public makes in granting a patent is biased towards the patent applicant in terms of being granted a \~ 20 year monopoly on the technology at the cost of disclosing the invention, with no explicit requirement to bring the invention to market and a somewhat poor test for non-obviousness. The exclusive monopoly to what can be an obvious invention is perhaps a poor deal for the public to make. + +However, if patents were taxed there would be both an increased public benefit to patents and a disincentive to hoarding them unused or unlicensed. + +Since valuation of a patent could be problematic, one relatively simple solution might be: + +* Patents are given a value by the applicant during the application process. +* Yearly tax is based on this value. +* Maximum license fee and infringement penalty is equal to this value. +* Value can be decreased by applicant anytime during the patent lifetime, but never increased. +https://www.thestreet.com/investing/tesla-tsla-elon-musk-lithium-mining-rights-nevada?puc=yahoo&cm_ven=YAHOO&yptr=yahoo + +Tesla (TSLA) - has secured its own lithium mining rights in Nevada after dropping a plan to buy a company there, taking the electric vehicle maker a step closer to its plan of mass-producing less-expensive batteries and being master of its own battery supply chain. + +Tesla’s CEO Elon Musk told investors at the company’s “Battery Day” event last week that Tesla has secured access to 10,000 acres of lithium-rich clay deposits in Nevada, and plans to use a new, “very sustainable way” of extracting the metal. + +Tesla’s decision to make its own battery cells, and to enter production of battery cathodes and associated raw materials, is intended to add in-house capacity alongside deals with external suppliers as demand for electric vehicles continues to rise. + +Thanks for the awards. +Covers a lot of ground as usual- cryptocurrencies, China, renewable energy, and, of course, Costco + +[https://www.theaustralian.com.au/business/markets/market-now-is-crazier-than-the-dotcom-era-says-berkshire-hathaway-vice-chairman-charlie-munger/news-story/57f87655d1d16575a371925be7cffa8b](https://www.theaustralian.com.au/business/markets/market-now-is-crazier-than-the-dotcom-era-says-berkshire-hathaway-vice-chairman-charlie-munger/news-story/57f87655d1d16575a371925be7cffa8b) +Buddy I work with who is absolutely an idiot financially just took a loan out to buy doge coin. I asked him why buy at this price. He said it’s so low it’s not like it’s gonna to lower. (Aside from the fact it’s a meme crypto) I literally heard Peter lynch in my head. One of The biggest mistake someone can make is to utter those words. It blows my mind people are willing to throw money at stuff they don’t understand. Yet it is common. I tried to tell him about value investing but he then brought up grand cardone and I knew there was nothing I could do haha +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME up 8.89% on the day on no news, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good one this weekend and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ + +Edit: grammar of a word (thanks u/boopui) + +Edit 2: I see some posts about [why GME is up due to the main media](https://investorplace.com/2021/11/gme-stock-is-rising-because-constitutiondao-lost-its-bid-to-ken-griffin/). Seriously: Can we count this nonsense as an article? + + + +I‘ll make it short I‘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 ”absolutely safe“ trade). The 15700points index lost 2% in 6 hours and knocket me out (yes I didn‘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 can‘t trade with real money until I’m 18. + +It was a nice journey that had to come to an end today. +I thought this [article](https://www.bloomberg.com/news/articles/2021-10-17/zillow-pauses-home-purchases-as-snags-hit-tech-powered-flipping) was interesting [after a post](https://www.reddit.com/r/realestateinvesting/comments/q4n9gx/wtf_is_zillow_doing/)from last week in this sub talking about Zillow buying homes for way over asking then selling them for far less then what they paid for them. Now it looks like Zillow has completely stopped their iBuyer program until the end of the year citing supply chain issues and too much backlog, that I'm guessing they can't reno+flip. + +&#x200B; + +Could this be the beginning of iBuyers across the country slowing down? That the iBuyer model might not be as profitable as some of the large institutions thought? Or did Zillow just simply over extend and now they need to deleverage a little bit to balance their books out? +At one point, having a million was a very decent chunk, hence the popularity of the term millionaire. But in recent times, due to inflation/QE/whatever, seems like being a decamillionaire is the new millionaire. I was watching Bugs Bunny (don’t judge) and this villain gets a $3M inheritance, implying he’d become wealthy. The episode came out in 1942, I popped in $3M into an inflation calculator and in today’s $s, that is a bit over $45M, which is a bs high amount of money for anyone. All this prompts me to re-question what my FI number is. Thoughts? +There's this amazingly innovative new company that's just had its IPO on the ASX. It's called Beforepay (not to be confused with Afterpay, Quadtpay, UselessStuffPay, DeathByConsumerismPay, etc). + +What services does it offer? Well, it let's you "access your pay early". It's certainly not a loan and there's no interest! So how do they make money, I hear you ask? Only a 5% transaction fee - which translates to a 79% compounded annualised interest rate (EDIT: probably incorrect to use this as a comparison. Not sure, my brain isn't working.). With rates that low, Beforepay is bound to attract only the highest quality borrowers and default rates will certainly be low. + +I know some people will say that this idea has already existed. They liken it to those brick-laden buildings with iron curtains over the windows you see in a movie scene shot in the dodgy part of town. "Payday loans" and "bail bonds" the signs read. Well Beforepay is definitely not a payday loan. Firstly it isn't a loan, let's make that very clear at the outset - it's "early access to your wages with a minor transaction fee". Secondly, Beforepay has a colourful app and is trendy (almost 4k instagram followers woot, woot!!) and hype. Checkmate haters. + +I should also add that the financials are incredible (though not that it matters in the Brave New World of 2022). In their latest FY year reports, Beforepay reported a whopping $4.5 million in revenue and only $18 million in losses. + +So you can see I was a little devastated and shocked when it declined from its initial valuation of $150 million to only $80 million. This company should be valued in the billions - AT LEAST. + +All jokes aside, I saw the previous post mocking beanie babies earlier here today. I feel like even those were more sane times. Also big middle finger to Beforepay and their predatory BS loans that they will swindle from youths, minorities, single parents and other vulnerable groups whose position in Australia has eroded beyond belief for decades. I hope Beforepay gets absolutely nuked to the ground by regulators. +Based on the [short sell list](https://www.asx.com.au/data/shortsell.txt) there was almost 1.4 million Brainchop shares shorted on Friday last week (probably from earlier in the week too) that should be finalised by Monday. + +This will leave us WITHOUT the big manipulators of the stock price, letting the stock run free. + +As that Darude guy posted earlier (and seems to have deleted) there has been more articles posted by the Greek University clarifying Brainchip's involvement with NASA. + +A tweet was also uncovered by a leader of the greek military where he retweeted a post from Brainchip last week. + +We are opening green, and if there is an announcement, we are hitting $1. + +If we don't end green at close of market Monday, I'll take a 1 month ban. +A few days ago, I made a post titled *"Rugpulls and Honeypots. What they are and how you can avoid them."* Since then I got a lot of messages from people asking me how they can tell the difference between a new coin with lots of potential and a shitcoin. For maximum protection, make sure you follow this guide in combination with the other guide. I will not repeat those rules here. If you don't follow the rules of the other guide as well, you will lose your money. + +Before I start, some background: I trade small coins for a living. In the beginning, while learning, I fell for all the scams just like everyone else. But with every loss I learned something new and I'm now pretty good at it. Yes, I have losses like everyone else, but usually I get out with very small losses compared to my gains. + +Anyone here hating shitcoins, I agree with you. **I hate shitcoins too.** Part of what I want to explain here however is that not every new coin is a shitcoin. Every coin has to start with 0 holders. Everyone has to start somewhere. And every solid project deserves a chance to grow. Yes, the vast majority of new coins are shitcoins, but I want to help you tell the difference between the real gems and all the shitcoins. + +# The Golden Rules + +If you start looking for the real gems and want to trade smaller coins, **follow these rules or you will lose money**. + +1. Start trading on the BSC (Binance) Smart Chain. Why? Transactions cost around $0.20 max. You can't do this on the ETH chain where you spend lots on gas fees, sorry. I know they came down, but they're still too high. +2. For the first 1-2 months, don't invest more than $5 per coin. I am not joking. Yes, your gains will not be thousands of dollars, but if you go in with more you will end up losing a lot of money, trust me. +3. Have a small bag of maybe $150 or $200. Be prepared to lose your small bag completely. If you can't afford this and sleep well at night, don't do it. + +**Ready? Let's start:** + +# Find the Coins + +Go to the BscScan website (look up the links yourself, I don't want to link-spam this post). Then, go to "View BEP-20 Transfers". If the list looks confusing, don't worry. Look at the rightmost column that says "Tokens". You must look for the grey icon besides the coin names. Why? Because that means the coin is new. Established coins already have their icons listed and that means you're usually too late to make high gains. You can refresh that page for new coins every second, you will always find new ones. + +Open the new coins (with the grey icon) in separate tabs and look at them. So, now you have found a coin, it's time to investigate. + +# 1. Holders + +On the page you just opened, look at the "Holders" list. The biggest holders of a coin should always be the liquidity pool which is usually identified as "PancakeSwap: COIN NAME" and the dead coins wallet, usually identified as "0x000000000000000000000000000000000000dead". Why is this important? It reduces the possibility of a rugpull to almost zero, especially if the dead coins wallet is over 50%. + +Also watch out if there are too many whales. For example, 10 wallets each holding 3% of total coins is a huge red flag. Abort immediately. A healthy new coin should also have at least 200-300 holders. If it doesn't, also abort immediately. + +# 2. Liquidity Pool + +The liquidity pool is super important. I usually don't buy any new coin unless the liquidity pool is at least $30k or more. Why? Because scammers and shitcoins rarely provide a liquidity pool of that size. Again, we're greatly reducing our risks here. A locked liquidity pool is also important. Make sure it's locked for a longer period of time. 3 months, 6 months, 1 year or longer are great. You don't want the liquidity pool to unlock tomorrow. You can copy the contract ID and then go to "PooCoin" (again, look up the links yourself), then enter the contract URL there, hit enter and on the next page on the left side it will show you something like "COIN/BNB LP BNB Holdings:". That's where you want at least $30k or more. If it has a few hundred dollars or even only $5k or $7k, abort immediately. + +# 3. Volume + +Look at the "Transfers" section. If the coin has only 5 holders and no activity, skip it. If you want, bookmark it and come back to check tomorrow. You may have just been too early. If it has only a few transactions every 2-3 hours, also abort immediately. It's not taking off yet. A good number of transactions for a new coin should be about 5-10 per minute. + +# 4. Website & Twitter + +Make sure the coin has a website and twitter account. If it doesn't have both of them, abort immediately. If it also has a reddit page, a Telegram channel, a Discord, an Instagram page, a YouTube channel, etc. that's even better. + +# 5. Coin Name & Design + +The logo of the coin and the design of the graphics and website are very important. If it's not attractive, people will not jump in and it won't take off. If the use stock images that you've seen a hundred times elsewhere, abort immediately. The name is also super important. If it has a catchy name like "Save The World" it's much more likely to take off than "Funky Toilet Coin 55". + +# 6. Bonus: Doxxed Team + +This one is a HUGE bonus. If the team members publicly identify themselves, for example through YouTube videos or live AMA, it reduces the chance of a scam to almost zero. Why? Because their faces and identities are publicly known and they would almost certainly end up in prison. + +# That's it! + +Did the coin you investigated fail in any of the first 5 steps? I cannot stress this enough, but: ABORT IMMEDIATELY. Don't invest in it. You will end up losing your money. + +Did the coin pass all of the above steps? Great! You ***might*** have found a gem. Do some more research before you jump in and make sure the coin has a real purpose. Remember, things like hodling to get more coins or "to the moon!" are not real purposes. + +And now we go back to the golden rules. If you are ready to invest in this coin, **remember to only invest $5 for the first 1-2 months** of doing this. I cannot stress this enough. You are learning and you will make mistakes. Make sure you are okay with losing that money because even if a coin matches all of the above, it can still fail for a variety of reasons. If you stick to this rule, you can still make a good amount of money in these 1-2 months. I easily made $10 to $50 with just $5. Sometimes I got out at $3.50 because a coin didn't take off and re-invested elsewhere. + +Once you've done the above for 1-2 months and you've noticed any potential mistakes you made, you should be ready to start trading with $10 or $20 per coin (depending on your financial situation). + +Two more important things to remember: + +1. Early coins take time to take off. It's very possible that your $5 investment will drop to $3 or $2 in that time and go up to $10 and then go back down to $4. It may just sit there doing nothing for 5-14 days. That's absolutely normal. +2. Keep track of what the team is doing during this time. If there are no updates for 2-3 days, sell and get out. A good team should update its holders several times per day through several channels (Twitter, Discord, Telegram, etc). It's okay to get only 1 update per day, but less than that is a red flag. + +I **always** follow the above rules when trading with small coins and I currently have success with 90-95% of coins that I invest in. Trust me, **I tried to skip some of the rules above and I got burned every time**. Yes, it's a lot of work. Especially if you have to repeat these steps for every single coin you want to investigate, but you will get much faster at it over time. If you end up doing this for a living, you will probably be able to investigate 2-3 coins per minute. + +Now, if you excuse me, I need a coffee and relax my fingers a bit. They hurt :P +[link](https://www.businessinsider.com/storylines-home-on-cruise-ship-permanently-live-sea-2022-9?utm_campaign=ms&utm_medium=newsletter&utm_source=morning_brew#-a-bowling-alley-and-a-10000-square-foot-wellness-facility-which-storylines-says-is-the-largest-of-its-kind-at-sea-to-name-a-few-of-the-narratives-amenities-23) + +This is kinda funny. Wonder if you could rent out your condo, short or long term. + +"Homes aboard the MV Narrative start at about $1 million for a [237 sqft] studio apartment with a Murphy bed." + +HOA equivalent: "And the studio home's price doesn't even include the monthly "living fees" of about $2,600 a person in a dual-occupancy unit, according to the company's brochure." + +"this cost will also cover the homeowners' daily food and drinks at the ship's 20 restaurants and bars, onboard medical staff, pools, a marina with water toys, a bowling alley, and a 10,000-square-foot wellness facility, which Storylines says is the largest of its kind at sea, to name a few of the Narrative's amenities." +37M / married / no kids + +At the beginning of the year I sold my business and have been in the process of organizing my new financially independent life. I've been planning this move for a few years but decided that with all the changes the pandemic has brought, now would be a good time . + +My original target was 7M invested for a yearly living allowance of 300K , but with the sale of my business and some other lucky investments I'm now at over 12M with the same target. I have 1 year of expenses in cash, 2 more years in bonds and the majority of the rest in US / International market matching equities. We are also in the process of converting a vacation home we have into a VRBO for additional income. From my research and looking at monte carlo sims it seems like the biggest risk is a bear market at the onset of retirement, hence the risk-free savings set aside and setting up some extra income. + +I'm not sure what the future holds but it's exciting to know I can follow whatever business / hobby / volunteer / rabbit holes I want to in the future, whether it's financially lucrative or not. +Hedgefund whales are spreading disinfo saying Friday is make-or-break for $GME. Call options expiring ITM on Friday will drive the price up if levels are maintained, but *may not trigger the short squeeze*. + +It may be Friday, but it could be next week the we see the real squeeze. + +#DON'T PANIC IF THE SQUEEZE DOESN'T HAPPEN FRIDAY. + +It's not guaranteed to. The only thing that is *guaranteed* mathematically is that the shorts *will have to cover* at *some* point in the future. They are trying to get enough people hooked on the **false expectation** of Friday so that if/when it doesn't happen, enough will sell out of panic/despair. **DON'T BE THAT PERSON.** + +#WE LIKE THE STOCK + +#KEEP HOLDING UNTIL THEY FEEL THE PAIN, WHETHER THAT'S FRIDAY OR NEXT WEEK + +#5,000+💎🙌🏻🚀 +.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. 　　 　　　　　　　 ✦ 　　　　　　　　　　 　 ‍ ‍ ‍ ‍ 　　　　 　　　　　　　　　　　　,　　   　 + +.　　　　　　　　　　　　　.　　　ﾟ　  　　　.　　　　　　　　　　　☀️　　. + +,　　　　　　　.　　　　　　    　　　　 　　　　　　　　　　　　　　　　　　  　　　　　　　　　　　　　　　　　　    　      　　　　　        　　　 + +　　　　　　　　　　. 　　　　　　　　　　.　　　　　　　　　　　　　. 　　　　　　　　　　　　　　　　       　   　　　　 　　　　　　　　　　　　　　　　       　   　　　　　　　　　　　　　　　　       　    ✦ 　   　　　,　　　　　　　　　　　    🚀 　　　　 　　,　　　 ‍ ‍ ‍ ‍ 　 　　　　　　　　　　　　.　　　　　 　　 　　　.　　　　　　　　　　　　　 　           　　　　　　　　　　　　　　　　　　　˚　　　 　   　　　　,　　　　　　　　　　　       　    　　　　　　　　　　　　　　　　.　　　  　　    　　　　　 　　　　　.　　　　　　　　　　　　　.　　　　　　　　　　　　　　　\* 　　   　　　　　 ✦ 　　　　　　　         　        　　　　 　　 　　　　　　　 　　　　　.　　　　　　　　　　　　　　　　　　.　　　　　    　　. 　 　　　　　.　　　　 🌑 　　　　　   　　　　　.　　　　　　　　　　　.　　　　　　　　　　   　 + +˚　　　　　　　　　　　　　　　　　　　　　ﾟ　　　　　.　　　　　　　　　　　　　　　. 　　 　 🌎 ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ‍ ,　 　　　　　　　　　　　　　　\* .　　　　　 　　　　　　　　　　　　　　.　　　　　　　　　　 ✦ 　　　　   　 　　　˚　　　　　　　　　　　　　　\*　　　　　　   　　　　　　　　　　　　　　　.　　　　　　　　　　　　　　. + +credit to u/OurLordOfWar +This is a question for those of us who invested in Deliveroo. Are you going to hold or sell when you can? + +I'm very torn. I didn't invest much (only £250) so the drop is annoying but not crippling and I don't think it will drop much more than it already has so will probably hold until it (assuming it ever does) recovers to its original price; but then if those who can start trading their share allocation next week decide to cut their loses.... + +Please no posts about why/if it was a bad idea (it probably was in the short term), that has been covered many times on many platforms. +Berkshire slashed its stake in Verizon Communications (VZ) by 99%, reducing its holdings to just 1.4 million share from 159M. + +I feel kind of disappointed, I was about to enter VZ next week! + +Does this move change your thoughts on VZ? + +Would love to hear your thoughts. +I have nowhere else to post this but I really need to get it out. + +Been working for the last decade in the public school system, with my actual position being paid through a non profit. As I was working for a non profit, my pay was always low for the work I was doing, but that was the norm as schools in this area pay non profits to serve children as a way to save money. + +About a year ago my companies management team took a hit when my bosses boss left. The guy who replaced her is, for lack of a better term, an idiot. The team has been struggling mightily and it has resulted in people in my position being jerked around and treated badly. About a month ago, it was my turn. New guy in management tried to fix something that didn’t need fixing by transferring me to another school. My current schools principle pulled me into the office and said she was unhappy with how my team had handled the situation, but that she felt badly, as she felt like I was made to be the scapegoat. She said her main priority in this situation was to keep me in the building, and proceeded to offer me a job. + +Here’s where the life changing part comes in. Met with HR earlier to get a formal job offer and my grown ass cried like a baby in front of them. First, my pay is going up from just under $30k to just over $40k. That is a huge pay increase that was more than enough for me, but not the end of the good news. + +Four years ago, we had our first child, and My insurance went through the roof. For the last four years, I have been paying nearly $12k a year for health insurance for my son and I (about $225 a week). Well come to find out, being employed by the school system means that insurance for the two of us is covered at 100%. As in its free. + +Basically my pay almost doubled. Today was a good day. + [https://www.jstor.org/stable/10.1086/426041?seq=1](https://www.jstor.org/stable/10.1086/426041?seq=1) + +While most countries are committed to increasing access to safe water and thereby reducing child mortality, there is little consensus on how to actually improve water services. One important proposal under discussion is whether to privatize water provision. In the 1990s Argentina embarked on one of the largest privatization campaigns in the world, including the privatization of local water companies covering approximately 30 percent of the country’s municipalities. Using the variation in ownership of water provision across time and space generated by the privatization process, **we find that child mortality fell 8 percent in the areas that privatized their water services and that the effect was largest (26 percent) in the poorest areas.** We check the robustness of these estimates using cause‐specific mortality. While privatization is associated with significant reductions in deaths from infectious and parasitic diseases, it is uncorrelated with deaths from causes unrelated to water conditions. + +So water privatization in Argentina was good? +As you might know, Berkshire Hathaway owns 19.4% of Occidental Petroleum. The company's income is primarily from selling oil. + + +Buffett guides people to buy companies with large runways. Companies that will stand the test of time. + + +However in my opinion, carbon is slowly fading away. For example EU has a law that will ban all fuel based cars in 2040. + + +OXY had negative net income in 2019 and 2020. + + +So I'm kinda baffled as to why would Buffett consider buying this stock. Is it purely a logical decision or is there something behind the scenes? +I calculated how much money I have per day until I’m able to start my new job. It came out to $13 a day, luckily this will only be for about a month until my new job starts, and I’ve already put aside money for next months rent. My biggest concern is, what kind of foods can I buy to keep me fed over the next month? +I’m thinking mostly rice and beans with hopefully some veggies. Does anybody have any suggestions? They would be much appreciated. Thank you. + +Edit: I will also be buying gas and paying utilities so it will be somewhat less than 13$. +Thank you all for helping me realize this is totally possible I just need to learn to budget. +Originally from Spain and currently living and working in Cork with 72k€ salary per annun (contractor for a Medical Device company) + +I've been offered a 110.000CHF permanent salary in Switzerland (Fribourg). + +Would you make the move? I'm saving around 2000€ per month in Cork. Would I have higher savings capacity in Switzerland? + +I'm in my late 30s , living with my partner. She would have to find a new job in Switzerland. +It took me some time to realize this, but after DevCon 4 and Vitalik and team confirming that 2.0 is close, I can't help but feel that ETH should be THE safe play in crypto for when everything begins to reverse. A few reasons: + +&#x200B; + +1. It's fallen far harder than BTC and done the golden 84% retrace from ATH. +2. It's one of the main tokens that'll be offered with Bakkt and Fidelity trading desks. +3. The ETH/BTC ratio has never been this low for the past two years. Converting BTC to ETH now means you're getting it at the best deal anyone's seen since the beginning of 2017. +4. The main source of fud being their scaling issues, which I did find to be legitimate, looks like it will be fixed around when things are getting back into full swing. +5. If BTC returns to 20k, ETH will at least be heading back to 1k just on principle of the entire market being bullish and keeping its place on CMC. +6. The name brand at this point, does seem like it'll be enough to carry it until 2.0 releases, at which point there will be no competition. +7. Can you imagine, that if institutions are truly putting funds into crypto, the amount of FOMO that'll happen with Proof of Stake is active? Not only do you have the future world computer, but you have automatic interest on that investment. + +In this bear market I've been in and out of different alts, but just now I realized that if I want to stop risking my ass, I should just throw the rest into ETH and sit on my hands, especially since it looks like we've entered the flat market, with no clear trend. + +&#x200B; + +Thoughts or anything to add? +Welcome to the /r/EthTrader Daily Discussion thread. + +The thread guidelines are as follows: + +All sub rules apply here. Please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above +General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +Breaking news or other important content should be submitted as a separate post. +In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, follow this link and choose the latest entry on the search page. +Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, follow this link and choose the latest entry on the search page. +[EXPERIMENTAL] - To view live streaming comments for this thread, click here. Account permissions are required to post comments through Reddit-Stream.com. + +Thank you in advance for your participation. Enjoy! +We know that the U.S. government, like many others around the world, has implemented a Hyper-Keynesian fiscal policy with the recently enacted the 2 Trillion Dollar stimulus package, something without a historical comprasion. This package offers financial aid to the employees who have been affected by the crisis, as well as supporting hospitals financially. Besides, it envisages certain pushed infrustructural spendings to create economic activity. + +My question is, wouldn't the introduction of universal healthcare, which would require a vast government spending, already embody the necessary stimulus? Besides, it would also reduce the risk of further spreading of the virus, allowing everybody to get the necessary treatment. Why this is not being discussed on the state level? + +We know that many European countries have introduced universal healthcare after WW2 within their expansionary fiscal policy packages, which arguably has provided the economic growth. +I am dead broke. Lost my job and now living in my car and all I have to my name is half a btc and 3 eth and my goal is to make sure I preserve this stack for as long as possible. I do not want to sell this shit. + +What countries can I move to where I can live off of the interest that these assets yield? + +I never want to dip below the half btc and 3 eth. I want to live off of the interest. +[https://financialnews.com/news/goverment-politics/covid-19-the-doj-fbi-are-investigating-stock-transactions-of-lawmaker-who-dumped-prior-to-the-markets-collapsing/](https://financialnews.com/news/goverment-politics/covid-19-the-doj-fbi-are-investigating-stock-transactions-of-lawmaker-who-dumped-prior-to-the-markets-collapsing/) + +&#x200B; + +The US Department of Justice and the U.S. Securities and Exchange Commission began checking stock transactions in recent weeks by members of US Congress who had access to classified information about the spread of coronavirus and the impact of the unfolding pandemic on the economy + +&#x200B; + +The Federal Bureau of Investigation (FBI), as part of the investigation, requested information about the stock sales of Senator Richard Burr who sits as Chairman of the Senate Special Intelligence Committee +A new round of budget is being tabled in the parliament today by our Finance Minister. + +Few links to live budget updates: + +- [Official Budget Website](https://budgetlive.nic.in/) +- [ClearTax Budget 2022 Thread](https://cleartax.in/s/budget-2022-live) +- [Moneycontrol Live Thread](https://www.moneycontrol.com/budget-2022/) + +NOTE: + +- No political discussions here, there are other communities that might be more suited for these types of discussions. Only focus on how it can impact economy, and your pockets! + +- No misinformation or FUD. + + If you claim something has been announced, which actually hasn't, and intentionally try to flame-bait people; expect to hear from the moderators. +Viagraa- Over 4,000 holders, $2.5m MC Next Moonshot. Plans for wallet and exchange, non-profit with a focus on donating to mens health charities. Active supportive community. + +We have stayed out the doubters and delivered on our plans continuously. This is no small effort - 24 of the holders formed an alliance to represent the community with all that they desire, they are simply so well connected that it works like well oiled machine. + +The first donation is about to happen, please don’t miss it! We said no bullshit on day four at a 750k MC and we are flirting with 3m now. Dont miss the Viagra train! + + +Viagra on BSC + +✍️ Contract:0x9628542656482ddee1989b04133f02a799eb0936 🥞 + + PancakeSwap:https://exchange.pancakeswap.finance/#/swap? +outputCurrency=0x9628542656482ddee1989b04133f02a799eb0936 + +📊Chart poocoin: 0x9628542656482ddee1989b04133f02a799eb0936 + +🕸 Website: viagratokenbsc.com + +✈️ TG: https://t.me/getviagra + +🕊 Twitter: https://twitter.com/viagratoken + +Discord:https://discord.com/invite/9dGQCv6fSV + +Instagram: instagram.com/viagratokenbsc/ + + +exchange.pancakeswap.finance + +🥞 PancakeSwap - A next evolution DeFi exchange on Binance Smart Chan (BSC) + +Farm the native coin of PancakeSwap with PancakeSwap FLP Token +Welcome to the **/r/EthTrader** Daily Discussion thread. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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 +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +**[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +How many people, getting rich through stock investing, do you actually know? In real life I mean. Not celebrities or social media pretenders. Real people, in your life. How many of them became rich? By rich I mean millionaires or billionaires. + +How many? +Hi apes! Yes I surprised everyone by showing up to the shareholders meeting today. Due to car trouble, I wasn't able to make it as early as I had hoped to be able to stream. Rough 24 hrs to get to Dallas for this meeting. But can't stop won't stop. + +I went and spoke to the gentleman standing outside HQ doors when I arrived, and was told only shareholders with certain proxy info were allowed inside, which I didn't qualify for as a broker held shareholder. Also that NO MEDIA PHOTOGRAPHY/ LIVESTREAM WAS ALLOWED ON THE PROPERTY- INDOOR OR OUT. But I was told we would be welcome to film from across the street. He also said he had heard of Superstonk which got me hype. + +Upon setting up, a CNBC camera man came and got a live feed of the apes that were set up there. He was a camera man, not a producer or interviewer. He was getting live B roll footage. Which yes, I got a little cute for and said hello. They asked for details to share with his producer about the apes. So I told him what subreddit we were members of, and that we like the stock. And I made it clear I DO NOT REPRESENT ANYONE. I am just 1 of many administrators and moderators on the subreddit. In fact, I made it very clear that there was NO ORGANIZATION because I didn't want the story twisted by mainstream media about why anyone was there. u/BodySurfDan was there for that conversation, as were several other apes. + + +**I DID NOT DO AN INTERVIEW WITH ANYONE.** + +**IF CNBC HAS FOOTAGE OF ME, IT'S HANGING OUT WITH APES AT HQ. NOT AN INTERVIEW.** + + + +After the meeting, I intended to stream with the apes that went inside and I was gathering them and talking to them to go live, but we were asked to leave the location immediately by the property owners. And that's when our livestream had to end, so as to respect the private property rules from the owner. That's it. That was the whole crazy 15 minutes. + +Hope that clears some BS up. I went through hell to get here and get a camera on HQ somehow. Hope the real apes understand. + +**Just had a civil conversation.** Haven’t done any interviews.✌ + +Edit: words, spaces, punctuation, and clarified a pronoun. + +Edit 2: when I said "we're talking to CNBC right now, say Hi superstonk!" Or whatever the exact quote was... I was literally talking about the live CNBC camera in our face, filming all of us. +I've got a chunk of cash set aside for investing in tracker funds this year, but given the current downturn I was wondering if I should drip feed this into investments over the year rather than chucking it all in now, in case the downturn continues? +I have a fat fire target of $30m. 10x from our current NW. We have a high savings rate and now our invested capital should start compounding nicely. + +I shared my goal with some close friends and the feedback has been you don’t need that much money. + +We live a upper middle class lifestyle now and could splurge on luxurious and lower our fatFire target. + +Questions for the already FatFired on the thread, do you wish you would have spent more and had a lower target? + +For those that have $10m, do you “feel” rich? Or just upper middle class? + +Promise I’m not trolling and sorry if I’m missing any information or not using the thread correctly. +When GME first started its journey, much was unknown and it was simple - buy and hold. Buy and hold has always held true AND STILL IS. + +The DD went down the rabbit hole of trying to find out what drives price movement for GME, and what it's limitations would be aka when should we sell? + +However along the way this DD has evolved into so much more, it's digging into what fundementally drives the markets and the economy as a whole. DD posted months ago spoke about these delisted companies maybe having a part in the puzzle, but there was no information or data to back it up. + +Now there is, all the recent DD from u/criand would suggest that there is much more at play than meets the eye. + +As DD evolved we started tracking different variables, different methods the HFs and MM could be using to suppress or control price movement. So how is tracking these delisted stocks any different from tracking RRP, DTCC and NSCC rules, company filings, insider selling and everything else that pops up on a daily basis. + +By following movements of anything that could have an impact, it only proves or disproves DD, it enables us to cut off what is not a driving variable and focus on what is important, what is causing the price movement of GME, and more importantly how are they avoiding margin calls? + +One thing stands - Buy & Hold GME. + +But over time HF's, MM's and funds have all evolved and changed the game, and so must we. "Change with the times, or get left behind". + +Track everything - remember the whole plane thing? Yeah it's forum sliding, it's a distraction, but then Mr.clevercloggs cross referenced the multiple jets landing with unusal whale alerts of crypto on the time planes were on the ground. + +Just because we think something is irrelevant or forum sliding, it should not be dismissed because the data or information we currently have doesn't provide a basis for it being important, by letting everything run it's course it will provide data we can come back to at a later date, when more is available, to adapt or change existing DD with what was true or false. + +**edit** + +Adding this here because of the DMs getting and a few replies around it suddenly being posted all at once with videos and whatever else. My reply: + +But it hasn’t just come out of no-where, it’s only become more acceptable to talk about it. Previously it was all downvoted or never made top. + +Go search the key terms of what is being discussed, it has been brought up many times. Then check my comment further up about hive mind. + +It’s all flooding out because suddenly it’s ok / there’s proof of what was brought up months ago is happening. Recent DD proves that this is linked. Opinion is changing, and all those users who have been downvoted for months are now posting everything they’ve held back on. Hive mind wins, every time. + +**edit 2** wow this really blew up - was more aimed at everything in new as i was browsing this morning. Thanks for the awards, much appreciated. In response to the DD i referenced - see the pinned announcement by mods with 3 links in there. + +https://old.reddit.com/r/Superstonk/comments/ph7bmh/lets_talk_about_the_flood_of_off_topic_posts_today/ + +And to add, i know there has been ALOT of good DD by other members of SuperStonk, i was merely referencing Criands Equity / Basket / Swaps DD "The Theory of Everything" as that brought all the old DD back into the limelight where it was only theory, but now it looks like all the DD is pointing towards it being a real possibility., There are a lot of very good DD providers, i didn't mean to just kiss Criands ass, it just kinda of all made sense after his. No offence to other DD posters, it wasn't intended. +Is the claim true that drug money assisted with keeping the world afloat during the 2008 recession? In the T.V. show "Ozarks" one of the main character makes this exact claim, and it seems to be not entirely made up. See articles posted below. + +However, I have found articles claiming that this statement is true, and also many claiming that this is false, and I do not understand economics and the world market enough to decipher true from false when the articles get into the weeds on subjects. + +The YouTube video that I have posted below seems to address my questions the best, but then at the end makes the statement that "this could all be false." + +Does anyone have any knowledge on the subject?? + +http://vt.co/lifestyle/drug-money-saved-the-world-during-the-2008-banking-crash#:~:text=During%20the%202008%20global%20banking,role%20in%20keeping%20capitalism%20afloat.&text=The%20estimated%20global%20value%20of,absorbed%20back%20into%20the%20economy. + +https://www.businessinsider.com/un-exec-banks-only-survived-the-crisis-because-they-had-access-to-drug-money-2009-12 + +https://youtu.be/VTbVeSoNmbU +https://medium.com/the-long-now-foundation/how-warren-buffett-won-his-multi-million-dollar-long-bet-3af05cf4a42d + +"Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior. My regular recommendation has been a low-cost S&P 500 index fund. To their credit, my friends who possess only modest means have usually followed my suggestion. + +I believe, however, that none of the mega-rich individuals, institutions or pension funds has followed that same advice when I’ve given it to them. Instead, these investors politely thank me for my thoughts and depart to listen to the siren song of a high-fee manager or, in the case of many institutions, to seek out another breed of hyper-helper called a consultant." + +... + +"Over the decade-long bet, the index fund returned 7.1% compounded annually. Protégé funds returned an average of only 2.2% net of all fees. Buffett had made his point. When looking at returns, fees are often ignored or obscured. And when that money is not re-invested each year with the principal, it can almost never overtake an index fund if you take the long view." +We’ve seen a lot of charity coins but this might be the best, with $90k donated in the last few weeks and a new donation every Friday, $HAPPY is proving its worth every day. + +Not only this but it’s been listed on WhiteBit last week, a big Centralized Exchange which is attracting a lot of newcomers and people interested in coins with tax distribution. + +You can profit by holding happy, as they reward holders with a 5% transaction tax which puts HAPPY directly into your wallet every time someone buys or sells. This basically means that every transaction someone makes benefits all holders, and everyone gets a share of his buy or sell. + +Now for some MAJOR NEWS. + +The founder of $HAPPY coin is heading out to Los Angeles THIS WEEK to market happy to some HUGE influencers. Currently he is talking to Jesse Wellens (10Mil Subs on YT… good friends with CASEY NEISTAT) on how they can promote $HAPPY, and with much more in the works that is hush hush for now. + +Website: http://thehappycoin.co + +Chart: https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +Twitter: http://twitter.com/the_happy_coin + +Telegram: http://t.me/happy_coinTG + +Twitch: https://www.twitch.tv/watchhappycoin +I am certainly not going to pretend I have a PhD in Economics or anything but the types of questions and answers in this sub disappoint me. Typical questions are very politicized and generalized such as “is capitalism good” or “tell me how this politician did economically”...these questions can be very vague and hard to answer in the first place. I get the impression these people tend to just want to have their political opinions reconfirmed, not get a nuanced discussion about legit economic questions. Answers are super short and choppy, seeming to come from people who took an introduction to macro class in high school and think that most of economics comes down to the phrase “ceterus paribus”. Rarely do you see any reference to academic studies or literature, an in depth break down of economic factors that relate to a problem, or views that are balanced in the sense they present conflicting evidence/theories. I think the mods need to have better standards as to what qualifies as a good question. +For example, in Bolivia, Peru, Vietnam and Indonesia, there are few supermarkets, and lots of mum-and-pop corner stores. There are often 3 or more identical stores on the same block, selling identical things. They probably all bought all their goods from the same supermarket on the other side of town. + +They each have someone sitting there all day, with a few customers per day, and no differentiation to their neighbours. + +To me it seems like a waste of labour. You could replace 20 staff in 20 tiny stores with one supermarket and 3 staff. That would free up 17 people to go create wealth in other ways. + +So why is it like this? It this a *symptom* of economic health, because those other jobs don't exist? Or is this inefficiency one of the *reasons* they are poor, developing nations? + +What would it take to transition to a more efficient retail landscape? +Tesla literally beat analysts estimates by some 40,000 cars in 4Q. The average sale price around $50,000. And it puts on $140 trillion in a day. + +Thats just plain stupid. This bull market is in the final throws of madness. Musk sells a few shares to pay taxes on options it's sheds $300 billion. It's sells a few extra cars in the qtr. that VW might sell in a.day and it puts on VW's mkt cap. + +Massive half a million US car recall (on top of quarter million in China) and it does nothing. Musk getting stoned and talking of roaring 20's. Don't sell volatility he could be talking about the 1920's. +To my knowledge, most economic powers have had massive reserves of natural resources; USA, USSR, British Empire, China, etcetera. My question is: how is did Japan become an economic power if they don't have such huge reserves of resources, perhaps besides manpower? Thank you in advance. +* Raise interest rates +* Disincentivise 'investors' via various means via laws, such as much higher deposit requirements for non-owner-occupier houses (e.g. Shanghai just raised theirs from 60 to 70% for a second house and from 80% to 90% for higher priced houses). \*\* 31.8% of all new home loans are by 'investors' \*\* +* Construction of more social housing. Social housing is literally the most cost effective social welfare measure you can do in regards to any negative socio-economic phenomenon e.g. unemployment, crime. And as seen in the Netherlands and Vienna, they do not have to be crap and are highly livable. +* Make apartments actually liveable via decent size and strong building laws. +* Supporting these apartments are supporting shops such as cafes and supermarkets on lower floors. This is literally seen in say Bay Street in Port Melbourne. Sure, higher socio-eco suburb but there will always be a market for more 'middle class' living with this if introduced. Council direction essentially. +* Strong public transport infrastructures supporting these. And changing of psyche via structual change. The Netherlands used to be car central until they decided to make it liveable with bikes and it is now the most bike friendly nation on Earth. It can be done. EDIT 4: The Netherlands isn't just Amsterdam and maybe actually look at a bike lane map of the whole of the Netherlands. Gees. - [https://www.forbes.com/sites/carltonreid/2019/01/08/cherish-the-bicycle-says-dutch-government-and-heres-that-love-in-map-form/?sh=58b631412726](https://www.forbes.com/sites/carltonreid/2019/01/08/cherish-the-bicycle-says-dutch-government-and-heres-that-love-in-map-form/?sh=58b631412726) +* Mid density housing of max 5 floors. EDIT 3: For those criticising this, it is proven that high rise living has negative health issues such as higher incidences of depression, phobias, schizophrenia. Mid density is the best middle ground for this. EDIT 3.1: This isn't a conspriacy, literally look it up and it isn't just rich people. What kind of dumb take is that to jump right to that without even bothering to look it up yourself via good sources and it somehow got upvotes too. Literally an Aussie academic source: [https://ro.ecu.edu.au/cgi/viewcontent.cgi?article=8593&context=ecuworkspost2013](https://ro.ecu.edu.au/cgi/viewcontent.cgi?article=8593&context=ecuworkspost2013) or here: [https://theconversation.com/its-time-to-recognise-how-harmful-high-rise-living-can-be-for-residents-87209](https://theconversation.com/its-time-to-recognise-how-harmful-high-rise-living-can-be-for-residents-87209). Systematic review here: [https://www.researchgate.net/publication/333626613\_Social\_consequences\_and\_mental\_health\_outcomes\_of\_living\_in\_high-rise\_residential\_buildings\_and\_the\_influence\_of\_planning\_urban\_design\_and\_architectural\_decisions\_A\_systematic\_review](https://www.researchgate.net/publication/333626613_Social_consequences_and_mental_health_outcomes_of_living_in_high-rise_residential_buildings_and_the_influence_of_planning_urban_design_and_architectural_decisions_A_systematic_review) And this literally occurs with higher storied buildings in Singapore's HDB system, in which by law people of different incomes live with one another on the same floor so it isn't purely socio-eco based. +* Make developers actually contribute towards the cost of supporting infrastructure like schools and public transport. You say this may disincentivise developers, but the demand is there regardless and someone will take that demand. Less profit is better than no profit and this is proven time and again despite bluffing and lobbying from companies. All companies will comply with whatever regulations a place has despite their whinging. As stated, some profit is better than no profit. Self censorship for the Chinese market is a classic example or complying with strong labour laws. +* Make building contracts flexible on the cost of construction so you don't have massive builders fall over due to spike in building costs. See above previous reason if you think this would disincentive developers. They aren't stupid. All they will do is forecast more headroom in forecasting as all development and investment has risk. +* EDIT: Forgot balanced tenancy laws so people are not essentially coerced into buying houses to avoid bad tenanacy laws. Longer leases like in Germany and France also has the social and economic benefit of being able to plan your life around that longer lease and economically for the landlord, consistent planned cashflow / yield and being able to plan around that. And allowing simple stuff like putting up pictures / natural 'living wear and tear' like bought houses have. +* EDIT 2: Like with penalties for empty undeveloped or unused land, disincentivise empty housing via penalties and reward occupancy of formerly empty properties via adding them to rental stock for a period. +* EDIT 5: No, banning the big bad foreigners from owning doesn't solve it. There was next to no immigration / foreign buying in 2020 and 2021 and house prices still skyrocketed. The masses of first home buyer home loans were from Australian citizens and PRs (as they are the only ones who can get those loans in the first place), and do you know how long it takes to get PR? Immigrants tend to rent at first as they settle in anyway. + +Australia has among the worst in the OECD in regards to housing stock per 100,000 both privately and social housing. It isn't just purely demand like others like to say in here. +Can anyone shed some light on this? 40k loan taken out 20 years ago, halfway paid back and never missed a payment. Received a letter today stating that the bank had made commercial decision to close the account and clear the outstanding loan balance. I did not get in touch with the bank about this or ask for this in any way. Checked online banking and it matches up. Is this legit, why would this happen and will it affect my credit? +Here we'll take a look at where the huge GME short positions might have been hidden since Jan and come up with some theories for why we've seen the odd price cycles in 2021[.](https://preview.redd.it/k12y1yxomjj71.png?width=4503&format=png&auto=webp&s=a71d022d84c6d3e2600632f853afb58185e74215) + +This post is heavily influenced by the phenomenal work of u/criand and other great DD posted on the sub in recent weeks. If you haven't already then go read [Are futures or swaps the secret sauce to price movements?](https://www.reddit.com/r/Superstonk/comments/p37osl/are_futures_or_swaps_the_secret_sauce_to_price/) and [The Puzzle Pieces of Quarterly Movements](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/). Do it now. + +&#x200B; + +# 0. Introduction + +I always had doubts about the T-21 & T-35 price movement theories. How was it possible that all the different short funds line up their trades and FTDs neatly on just a few dates? Why would they choose to operate on a few critical cycles rather than spreading the buy in risk out over each month? + +Despite not really understanding the T-21 stuff there was definitely something to it so I just figured I was too smooth for that one. Then the OG of DD u/Criand shared an earlier version of this plot: + +&#x200B; + +[GME Quarterly Price Movements And Equity Total Return Swaps](https://preview.redd.it/koz9i1gqaij71.png?width=2435&format=png&auto=webp&s=98a3e727cf365ba4c52701bdc15ea57e82fcad39) + +Wow. Everything seemed to click. The cycles we are seeing come from derivatives settlement deadlines. They're predictable. And they get more violent each time. + +What I want to do with this post is to pull together a bunch of info I've found that helped me understand the fuckery and describe it as clearly as I can. Then go on to show some new data I have that might point us towards when this *death-spiral-swaps-cycle* began. + +Hedgies r fuk. After 8 months of this ride I like the stock more than ever. + +# 1. Total Return SWAPs, unhinged greed and the upcoming Minsky Moment + +This has been covered before in some detail but I'll go over the key info as simply as possible before getting into the more juicy stuff. + +https://preview.redd.it/txid9jx3rij71.jpg?width=1080&format=pjpg&auto=webp&s=af29b850c473ca59bb2e1c17ab4d667e24f86ce4 + +So a Total Return Swap (TRS) is agreed between two parties where *one side (Party A in the example) pays an ongoing fee to another party (Party B) in return for any change to the price of an underlying asset* (often an equity like GME). This gives exposure to the equity without ever having to own it and can be configured to go *both long and short*. + +*Why would a fund bother to use swaps rather than borrowing to short sell as is typically understood as going short?* + +***Loopholes and fuckery.*** + +Synthetic short positions in Swaps have the advantage of being poorly regulated, with lower margin requirements and are unreported in any real detail in public data. + +Here is a post I made a while back where Prof. Michael Greenberger explains Total Return Swaps in relation to Gamestop and Archegos: [https://www.reddit.com/r/Superstonk/comments/nwiuo5/total\_return\_swaps\_behind\_gamestop\_frenzy\_and/](https://www.reddit.com/r/Superstonk/comments/nwiuo5/total_return_swaps_behind_gamestop_frenzy_and/) + +In the video the following points are particularly interesting: + +* Total return swaps are the ***same financial instruments that led to the 2008 crash*** +* After the Dodd-Frank regulations Total Return Swaps should be transparent to US regulators and should have capital and collateral requirements (*hint*: they're not) +* Margin should be collected twice per day (*hint*: it isn't) +* Wall Street found a way around Dodd Frank regulations by 'deguaranteeing' their foreign subsidiaries ***providing a loophole that*** ***allows them to operate Swaps deals offshore with zero regulation from US authorities*** +* US investigators noticed that reported ***Swaps in the US were dwindling***, after months of investigation they discovered that ***US banks were moving their Swaps from the Wall Street facility to London, Japan, Berlin etc. and claiming that they are no longer US Swaps even if the deals were negotiated on Wall Street and then later assigned off-shore*** +* When markets are going well thats when ***speculation takes off, and that's when we hit a*** [***Minsky Moment***](https://en.wikipedia.org/wiki/Minsky_moment) \- a sudden major collapse of asset values + +So Prime brokers on Wall Street are financial terrorists who have gone right back to their usual antics after destroying the global economy in 2008. Using the exact same derivatives that fucked us in 2008. Circumventing the very rules that were put in place to protect the system from another 2008 event. And using tax payer bail out and stimulus money to fuel another bubble that's bigger than ever. A Minsky Moment must be around the corner. + +*But what's the reason for such massive speculation on Swaps to point where their bad GME bets could shake the entire system to its core and liquidate any fund caught on the wrong side of the bet??* + +***Leverage and Greed.*** + +Unlike with a usual short position margin requirements for Swaps can be pretty lax. Particularly if shifted offshore to avoid US regulation. Also for a fund that wants to gain exposure to a synthetic short asset the LIBOR fees have become ridiculously cheap since Covid. FED goes *brrrrrrrrr*: + +&#x200B; + +[1-Year LIBOR Rates](https://preview.redd.it/8bbb0dhz1jj71.jpg?width=2035&format=pjpg&auto=webp&s=efdbb600c874ac6ef8eaed5c0d857c893f5d6a7a) + +The fee to hold a Swaps contract with a broker is usually based off of the LIBOR rate plus an additional 'spread' rate to cover the prime broker admin costs. Over the last couple of years the LIBOR rate has collapsed from around 3% in 2019 to just 0.2% today in Aug 2021. No wonder the share borrow fees we see are so low when hedgefunds can get synthetic short exposure for next to nothing from their prime broker buddies. + +*But what happens when their bets go bad and they're over leveraged to shit?* + +***Prime Brokers bend over backwards to help them out.*** + +From the Credit Suisse report on the Archegos fiasco - [https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf): + +&#x200B; + +https://preview.redd.it/yvtd621y4jj71.png?width=1317&format=png&auto=webp&s=8d55434cd91f619949e53db42d90d910b484888b + +The report is long and dense with a ton of useful info. The above is a caption I picked out almost at random, there are many other passages like this. It shows that ***Archegos was breaching internal risk assessment checks consistently since July 2020 until they collapsed in March 2021 yet Credit Suisse simply gave them chance after chance***. + +*But how does a Total Return Swap work in practice?* + +I don't exactly know but I found some useful info and examples while searching. It's all rather opaque. That's probably by design. These financial instruments are meant to be so complicated the real world never bothers to stop and look at the greed and criminality. And *avoiding post 2008 regulation to get back to the same game that ended up destroying millions of lives around the world should be criminal*. + +Here's a technical example for those that are interested but the details don't mater so much: + +https://preview.redd.it/eyymdx526jj71.jpg?width=1079&format=pjpg&auto=webp&s=5f01e421f732a3354846385fbbd8e4c33ffb0b70 + +What's interesting in this example is ***the reset dates are*** ***stated as being quarterly***. From what I can find this is most common. This means that Swaps only need to have intermediate settlements every quarter despite often being agreed for a minimum of 6 months up to 5 years or more. ***Quarterly swaps reset dates could be what is driving the cyclical GME price movements irrespective of any futures trading deadlines***. + +This seems relevant to me because linking GME trading to futures contracts is not so easy. Futures trading is usually for commodities, currencies or sometimes ETFs. Futures contracts for single equities don't really exist as far as I can tell. Swaps deals or even options contracts are the equivalent of trading futures for equities like GME. Correct me in the comments if I'm wrong here. + +# 2. Portfolio Swaps: why hold anything real when it can all be synthetic! + +In the previous section we discussed the basics of Total Return Swaps and how they can be used as hidden short positions with increased leverage. An extension of this idea is the Portfolio Swap as described here: + +https://preview.redd.it/opb37spx9jj71.png?width=1598&format=png&auto=webp&s=39b575902e3a1ebc518c946785fbd01675571de4 + +So Portfolio Swaps are simply wrappers around multiple Total Return Swap agreements that can be held by a prime broker. In this way multiple synthetic short positions can be packaged up into a single Portfolio Swap and held on a prime broker's books. + +*What if multiple oversized synthetic short positions are packaged up into a Portfolio Swap and then hedged by a prime broker under the same contract reset deadlines?* + +***Obvious meme-stock fuckery.*** + +https://preview.redd.it/1ubrs98jbjj71.jpg?width=1079&format=pjpg&auto=webp&s=4c059946baba01ea6a9ce7dc1ccd368e55022c8a + +*No group of stock market tickers from varying sectors should correlate with each other consistently for 8 months.* + +And this is an interesting nugget I found while researching. It comes from [https://www.lawinsider.com/dictionary/portfolio-swap](https://www.lawinsider.com/dictionary/portfolio-swap) where they discuss some example legalese around the term Portfolio Swap: + +[\\"\[...\] does not reflect the leverage inherent in the Portfolio Strategy and Put Option exposure inherent in the Portfolio Swap\\"?!??](https://preview.redd.it/fcy4fo7edjj71.png?width=1926&format=png&auto=webp&s=659c77b4c7a2b6c6d3f0947d4a20d27c4c63ea3e) + +What does a Put Option have to do with Portfolio Swaps? Why is Put Option exposure inherent to a Portfolio Swap? ***Is this what the deep out the money puts were for??*** + +I don't know about this. But it's interesting to me that in just a few examples of how lawyers might need to discuss portfolio swaps, mentioning that *"Put Option exposure \[is\] inherent in the Portfolio Swap"* stood out to me. Could be something, could be nothing. + +[Edit: I added this figure to show the Archegos exposure double spike during the Jan GME sneeze and then another huge spike in the March run up. Shortly after the March run up they imploded in the largest ever recorded trading loss - over 10 Billion dolars https:\/\/en.wikipedia.org\/wiki\/List\_of\_trading\_losses](https://preview.redd.it/hhnoqi3zuoj71.png?width=1456&format=png&auto=webp&s=fba5b3b0572eddf86885874f6d12013b5e86d1e6) + +Given that it's been confirmed that Archegos collapsed in part due to GME Swaps exposure. And that we see these quarterly price moves across a bunch of meme-stocks. It seems likely to me that they were packaged up together at some point in a Portfolio Swap to hold bad debt for the shorts. But can we work out when this started happening? + +# 3. The start of the SWAPs + +Many of us know that GME and a bunch of meme stocks have been extremely highly correlated (moving together) throughout 2021. Here I set out to look into this more closely and try to work out when exactly it began. + +First let's take a look at how highly correlated the different meme stocks are: + +[Correlations between different meme stocks in 2021](https://preview.redd.it/kgqex8kyhjj71.png?width=1800&format=png&auto=webp&s=ec7fd3b70644c5ecda69d24c28f51ecf58397b8d) + +Here I performed correlations of GME and 5 other meme stocks using daily close data from Jan 15 2021 until Aug 15 2021. Any correlation above 0.5-0.6 is large and means that the stocks have been moving together consistently for more than 6 months. + +I won't mention the other meme stocks directly to avoid the wrath of automod. But GME is most closely linked with movie stock, headphone stock and the express-thingy. + +Now we can run another analysis called a rolling-correlation to see when the correlations began. All this means is that we look at 28-day windows of stock price data and see how much each meme stock correlates with GME. We then slide this 28-day window forward over time to see if the stocks were moving together more or less over different 28-day periods. + +[Rolling correlation GME and other meme stocks since June 2020. Note: in the bottom plot all lines are rolling correlations between GME and the indicated meme stock.](https://preview.redd.it/k12y1yxomjj71.png?width=4503&format=png&auto=webp&s=a71d022d84c6d3e2600632f853afb58185e74215) + +We see that before the start of 2021 GME did not correlate consistently with any of the other meme stocks. You can see this on the left side of the bottom plot with the wiggly lines that seem to move randomly with one another. Almost as soon as 2020 moved into 2021 all of these meme stocks started to move closely with GME (increasing correlation lines for all colors in early Jan). Since then GME has had consistently strong correlations with all the meme stocks for more than 6-months. + +*This should not happen in a free market place with independent price movements.* + +Sometimes the correlation drops for a brief period for one of the stocks but then gets back in sync with GME and the others. + +So this data shows that all these selected meme stocks are moving together and have the same quarterly cycle. The major differences are in the extent of big price moves and some slightly delayed timings. + +*Now we've seen that all the meme stocks move together could we do something ridiculous like predicting GME price purely from what has happened in the other meme stocks??* + +***Yes. Yes we can.*** + +Here I built a linear model to predict GME price movements based on the other meme stock price movements. I don't want to bore everyone with all the details here. I'll give full details in the comments if anyone is interested. + +https://preview.redd.it/m3np5kgrojj71.png?width=1800&format=png&auto=webp&s=7b3dc7c2bc3680b0c208a58d989e87c2cdcfdaf2 + +In blue is the model prediction on more recent data that it had never seen before. We can see that the model actually predicts GME price pretty damn well! And the model is only using other meme stock price data to estimate GME price. + +Let's zoom in to take a closer look: + +https://preview.redd.it/pl5noko3pjj71.png?width=1800&format=png&auto=webp&s=9b01da80ba37906d80caa3ab94d654ef8ae7af39 + +The major difference in the model prediction is that we are over estimating the share price. But the actual trend and fluctuations are very similar. This might suggest that GME price was being suppressed even more than it previously was since the June run up, possibly due to the share offering around this time. Alternatively it could be that the other meme stocks got a bigger bounce than earlier in the year. + +After accounting for the model estimating a higher price (mean centring the data) we get a model score of: + +R\^2 = 0.73 + +73% of GME price fluctuations (variance) can be predicted just by looking at the other meme stock prices!!! + +This is not something that should happen in normal circumstances. + +https://preview.redd.it/di7t5tn0qjj71.png?width=1800&format=png&auto=webp&s=4d847f9b48c869f84c6e1677b2f195a2ccc5e5a3 + +And the above plot converts the data back from log units to dollars. The model predicts that at the June run up GME should've spiked to $400 based on what happened to the other meme-stocks. + +This could just be a modelling error. Or perhaps the price reached such danger levels with GME it was suppressed hard while the other stocks were allowed to ride higher. + +https://preview.redd.it/xpj1hfyvpjj71.png?width=1800&format=png&auto=webp&s=36e768e4807080fafffeac1724d53f6c8b20fac1 + +Finally this scatter plot shows how well we can predict GME data just by looking at the other meme stocks. + +In summary of this section: + +* GME and other 'meme' stocks begin to ***correlate together consistently at the very start of 2021*** +* It's possible that these stocks were ***packaged up in Portfolio Swaps***, either one huge toxic bundle or multiple bundles that most commonly contain these meme stocks +* The meme stocks move so consistently together that ***you can predict GME simply by looking at the others - this should not be possible!!*** + +# Conclusion / TL;DR + +To start we took a brief look at Swaps. Archegos was confirmed to have blown up in part due to GME swap exposure. Wall Street has been side stepping regulations setup to protect us after 2008 by moving swaps offshore and out of reach of US regulators. Portfolio swaps could be used to package up a bunch of bad short positions in the meme stocks. + +To test the hypothesis that meme stocks were packaged up into swaps at some previous date I ran a correlation analysis. All meme stocks tested started moving with GME at the exact same time - very early 2021. Did a new rule come into effect or some other event on Jan 1st 2021? Perhaps they were all squeezing in Jan and then shifted into SWAPS at the same time we saw the options fuckery? Are the price movements of the last 6 months driven by prime broker hedging of Portfolio Swaps and contract reset dates? + +Shorts are fukd. The *death-spiral-swaps-cycle* might've begun in early Jan but there's no way out for them. Apes hold. I like the stock. +&#x200B; + +https://preview.redd.it/y2z6f02p0df71.jpg?width=1024&format=pjpg&auto=webp&s=f2b789b14af01d3f751becbfbcfc1d13728ada54 + +Hello again my ape friends. So wow, did not expect yesterday's post to get as much attention. I apologize for the reposting as the original argument was debunked. I have added some facts, some new relevant information and what I originally posted for transparency, I want to remind everyone it is important to continuously fact-check each other to make sure our information is accurate to maintain the credibility of this subreddit! Not financial advice, and I am not a financial advisor. + +**Thesis**: **~~Bank of America (BAC) has begun their resolution plan for if they require bankruptcy~~** **Bank of America is short GME and is positioned for if they need to proceed with a bankruptcy resolution; being a shareholder of BAC during such an event would cause larger than normal losses.** + +**What we already know:** + +1. **BofA is the Prime Broker for the hedge funds with the worst positions and will be responsible for closing said positions if they cannot close** (96% of clearing for Citadel, and 1 of 2 PB for Susquehanna) +2. **BofA has/had a significant Put position to potentially reset FTDs** (17 Million via Fintel) +3. **No Bank or Hedgefund has/had more GME containing ETFs than BofA**. (70+ Million shares, These can be used for shorting) +4. **BofA's head of client equity solutions left to join Citadel after the Jan squeeze**. +5. **\~20% of BofA's locations have not reopened since last March** +6. **BofA issued a $15 billion dollar bond in April to raise cash** + +**What is new:** + +https://preview.redd.it/zyimovemicf71.png?width=521&format=png&auto=webp&s=fe6eedb11df323c789e452cb1b7034a471bcbf70 + +On August 2nd, BofA released [this prospectus](https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0001193125-21-232682/0001193125-21-232682.pdf). Under this submission with the SEC, they have the right to raise up to $123 Billion dollars worth of debt, warrants, contracts, and different stock. If you think that this is a big number it's because it is. (Their market cap is currently 320 Billion, 38% of their value) + +Now the timing of this is not by accident. On July 1st over 300 changes were implemented to the Title 12 US Code on Banking including the Net Stable Funding Ratio (NSFR). The rule is intended to support lending to households & businesses during normal and adverse economic conditions. It is also complementary to the LCR (Liquidity Coverage Ratio) rules, which focus on short-term liquidity risks. On July 16th, each member of the FDIC was required to open their books and submit a filing of their NSFR on their liquidity, if they are short on the regulatory guidelines, and a plan of action to rectify any such shortcoming. + +>§249.110   NSFR shortfall: Supervisory framework. +> +>(a) *Notification requirements.* A Board-regulated institution must notify the Board no later than 10 business days, or such other period as the Board may otherwise require by written notice, following the date that any event has occurred that would cause or has caused the Board-regulated institution's net stable funding ratio to be less than 1.0 as required under §249.100. +> +>(b) *Liquidity Plan.* (1) A Board-regulated institution must within 10 business days, or such other period as the Board may otherwise require by written notice, provide to the Board a plan for achieving a net stable funding ratio equal to or greater than 1.0 as required under §249.100 if: +> +>(i) The Board-regulated institution has or should have provided notice, pursuant to §249.110(a), that the Board-regulated institution's net stable funding ratio is, or will become, less than 1.0 as required under §249.100; +> +>(ii) The Board-regulated institution's reports or disclosures to the Board indicate that the Board-regulated institution's net stable funding ratio is less than 1.0 as required under §249.100; or +> +>(iii) The Board notifies the Board-regulated institution in writing that a plan is required and provides a reason for requiring such a plan. +> +>(2) The plan must include, as applicable: +> +>(i) An assessment of the Board-regulated institution's liquidity profile; +> +>(ii) The actions the Board-regulated institution has taken and will take to achieve a net stable funding ratio equal to or greater than 1.0 as required under §249.100, including: +> +>(A) A plan for adjusting the Board-regulated institution's liquidity profile; +> +>(B) A plan for remediating any operational or management issues that contributed to noncompliance with subpart K of this part; and +> +>(iii) An estimated time frame for achieving full compliance with §249.100. +> +>(3) The Board-regulated institution must report to the Board at least monthly, or such other frequency as required by the Board, on progress to achieve full compliance with §249.100. +> +>(c) *Supervisory and enforcement actions.* The Board may, at its discretion, take additional supervisory or enforcement actions to address noncompliance with the minimum net stable funding ratio and other requirements of subparts K through N of this part (see also §249.2(c)). + +Now banks don't behave like this for no reason, and it was very eerie the lack of any coverage of something of this magnitude (anyone remember the negative coverage that GME & the theater company got when they raised cash). I believe Bank of America stating it wishes to raise $123 Billion isn't something it wants to do. More likely than not they are being forced to raise that amount to adhere to compliance with these new rules and to maintain enough liquidity for short-term risk. + +&#x200B; + +**Evidence from their last Q-10** + +[page 51 of 10-Q released July 30th](https://preview.redd.it/s30s5ko77df71.png?width=1151&format=png&auto=webp&s=4aa9c09f13eca9cc5f71848c72a95d1be01bc950) + +In their latest [quarterly report](https://investor.bankofamerica.com/regulatory-and-other-filings/quarterly-reports/content/0000070858-21-000084/0000070858-21-000084.pdf), the net change in their trading and derivative assets/liabilities shows that in the first 6 months of 2021 that they are a net loss of over $58 Billion in cash compared to the prior year. This may not be all due to meme stocks but given the other evidence, I believe there is a significant portion. + +**(EDIT thanks** [**u/dg\_713**](https://www.reddit.com/u/dg_713/)**) It would appear that I have an error in my accounting! So just because its a large negative # does not technically mean it is a loss due to indirect accounting. You can see his counter DD in the link below. I'll be the first to admit accounting isn't in my wheelhouse!** + +[**https://www.reddit.com/r/Superstonk/comments/oycn59/re\_bank\_of\_americas\_potenial\_bankruptcy\_the\_58/**](https://www.reddit.com/r/Superstonk/comments/oycn59/re_bank_of_americas_potenial_bankruptcy_the_58/)**)** + +&#x200B; + +[page 81 of 10-Q released July 30th](https://preview.redd.it/n7li2dcvadf71.png?width=1123&format=png&auto=webp&s=83173032aafd91ca48b1c6c8b998e13f990b3c45) + +As you can see in their securities sold under agreement to repurchase that the amount of securities that were sold and have not been purchased back greater than 90 days has ballooned over last year (almost doubled). One could argue that these might be the "Meme stocks" that have grown significantly in value, to which BofA has been sitting on these paper losses. This would also line up with our timeline of Q1 shorting. Currently, over $44 billion in shares need to be repurchased to which are older than 90 days. + +&#x200B; + +**My debunked argument from yesterday post for transparency** (still has valuable information) + +According to the Federal Deposit Insurance Corporation (FDIC) regulations are in place globally that require large financial institutions or their regulators to develop resolution plans, also known as “living wills.” In the U.S., these plans are required by Title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act and are intended to reduce the economic impacts of a large financial institution’s failure on the economy and avert widespread destabilization of the global financial system. As part of their risk management, the FDIC requires each bank to maintain contingency plans describing resolution strategy under the U.S. Bankruptcy Code in the event of material financial distress or failure. (Link below is BAC's plan) + +[https://www.fdic.gov/regulations/reform/resplans/plans/boa-165-2107.pdf](https://www.fdic.gov/regulations/reform/resplans/plans/boa-165-2107.pdf) + +**Bank of America's FDIC Bankruptcy Contingency Plan** + +As per their contingency plans, their filings states that as part of their strategy they are to consolidate their subsidiaries under a single umbrella outside of the Bank of America parent. Under this procedure, it is possible to file for bankruptcy for just Bank of America (BAC) rather than each branch of their business. + +https://preview.redd.it/sq0ocxcsgcf71.png?width=840&format=png&auto=webp&s=2e81d6cde63aa64123b508d99ba7bfa8f4307df7 + +Under their contingency guidelines, the organization would create a new "point of entry" called "NewCo" which would support their subsidiaries, while the parent BAC undergoes bankruptcy proceedings. + +https://preview.redd.it/p3dbyvbvgcf71.png?width=825&format=png&auto=webp&s=257b1c74057a91cb26ccbaaed9af908020af856d + +Under this structure, BAC would send its Cash and Assets to a new holding company (above titled NB holdings). + +**The Smoking Gun/New Evidence (Debunked) (Edit for clarity:** This was the portion that was debunked. Originally I thought this was the first prospectus to mention they have entered into the holding agreement. As it turns out its been in a few now\*\*)\*\* + +Now what I found in the prospectus that was filed yesterday... (link below) + +[https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0001193125-21-232682/0001193125-21-232682.pdf](https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0001193125-21-232682/0001193125-21-232682.pdf) + +&#x200B; + +[Now I originally posted this earlier believing that this was new verbiage but I was debunked. The verbiage that they have entered an agreement with a separate holding company has been on their prospectus's for a while now. ](https://preview.redd.it/7cmui3vrudf71.png?width=1018&format=png&auto=webp&s=a9f1633111275d41cdf54440076e392878893641) + +What we can take away is they are already structured according to their contingency plan for if they need to resolve a bankruptcy to their parent company. What we also learned is that if you are a shareholder of BofA their current plan would have you taking significantly larger losses than if they did a traditional bankruptcy. + +**Conclusion:** + +* In BofA's bankruptcy plan it states that prior to engaging in bankruptcy that they would transfer their assets, and cash into a new holdings company as per its contingency plan. As per their outline, they have already moved to the planned holdings company. +* BofA may have been forced by regulators to significantly increase their liquidity as part of their short-term risk mitigation. +* BofA has shown that it is sitting on a debt of $44 Billion of securities that are older than 90 days. This timeline fits with the price action of GME and other meme stocks in quarter 1. +* In the event of a financial crisis, their current resolution plan states that holding BAC stock may result in more damages to the shareholder than if they did a traditional bankruptcy. + +&#x200B; + +As I stated before I reserve the right to be wrong, and just wish to constructively contribute to this community. + +Cheers! + +&#x200B; + +&#x200B; + +**Additional info/prior DDs:** If you would like I have been on the Bank of America train for several months now for their role in the Gamestop Saga. If you would like to check out my previous DD's that go over that connection please check out. + +[The Complete Bank of America Gamestop DD](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/) + +and + +[The Bank of America and Gamestop DD update. Swimming in Puts, ETFs, and the new NSFR rules](https://www.reddit.com/r/Superstonk/comments/onrzz9/the_bank_of_america_and_gamestop_dd_update/) +Adam Smith believed in a minimum wage equal to twice what it would cost one working person to raise a family with two kids. Did you know that? do YOU know who Adam Smith REALLY was? + +AN INQUIRY INTO THE NATURE AND CAUSES OF THE WEALTH OF NATIONS. + +By Adam Smith CHAPTER VIII. OF THE WAGES OF LABOUR. http://www.gutenberg.org/files/3300/3300-h/3300-h.htm#2HCH0008 "A man must always live by his work, and his wages must at least be sufficient to maintain him. They must even upon most occasions be somewhat more, otherwise it would be impossible for him to bring up a family, and the race of such workmen could not last beyond the first generation. Mr Cantillon seems, upon this account, to suppose that the lowest species of common labourers must everywhere earn at least double their own maintenance, in order that, one with another, they may be enabled to bring up two children; the labour of the wife, on account of her necessary attendance on the children, being supposed no more than sufficient to provide for herself: But one half the children born, it is computed, die before the age of manhood. The poorest labourers, therefore, according to this account, must, one with another, attempt to rear at least four children, in order that two may have an equal chance of living to that age. But the necessary maintenance of four children, it is supposed, may be nearly equal to that of one man. The labour of an able-bodied slave, the same author adds, is computed to be worth double his maintenance; and that of the meanest labourer, he thinks, cannot be worth less than that of an able-bodied slave. Thus far at least seems certain, that, in order to bring up a family, the labour of the husband and wife together must, even in the lowest species of common labour, be able to earn something more than what is precisely necessary for their own maintenance; but in what proportion, whether in that above-mentioned, or many other, I shall not take upon me to determine. " + +he also believed high rewards for labor were a sure sign of increasing national wealth. "The liberal reward of labour, therefore, as it is the necessary effect, so it is the natural symptom of increasing national wealth. The scanty maintenance of the labouring poor, on the other hand, is the natural symptom that things are at a stand, and their starving condition, that they are going fast backwards. " + +he also believed in challenging monopolies and what we would call today "class warfare" from the same chapter: + +"We rarely hear, it has been said, of the combinations of masters, though frequently of those of workmen. But whoever imagines, upon this account, that masters rarely combine, is as ignorant of the world as of the subject. Masters are always and everywhere in a sort of tacit, but constant and uniform, combination, not to raise the wages of labour above their actual rate." + +The current median home price in the US is about $405k (https://fred.stlouisfed.org/series/MSPUS). + +Using zillow’s mortgage calculator, that means that the mortgage + PMI + insurance payment will be roughly $1,900/month with a 20% downpayment. + +The median household income is about $70k. That means that the median household will spend 33% of their gross income on their housing payment each month if they buy the median house. This is above the recommended limit of 25-30% recommended by most financial advisors. + +Home prices are also rising much faster than income. I can only see this 33% ratio climbing higher in the coming years if trends continue. + +How is the current market able to sustain these prices and keep pushing them higher? It doesn’t seem like Americans can comfortably afford the homes their buying. +It was a headline for like 1 day and then the MSM stopped covering it. This is such a huge deal and most Americans don't even know/care about it. + + + +Federal reserve members got caught insider trading and using the Fed to pump their own stocks/options they own, at the cost of the US's long term economic health. They have now printed 25% of total USD in circulation in the last year, inflation is increasing and only gonna get worse soon. + + + +Are we just so used to corruption now that nobody cares anymore? Or is Reddit gonna pretend like huge corruption isn't happening just cause the Dems are currently in control? + + + +Our entire government is a sham and just a bunch of corrupt rich assholes using their power to get more money. +We don't make cars, or high tech electronics, or pharmaceuticals, or vaccines, or anything advanced at all. + +The highest market cap stocks are all banks. + +Our biggest economic sectors are... commodities. Like a third world country or something. Imagine if we weren't adjacent to the USA. Our economy would like Portugal or something. +So I guess I'll share it here + +I paid off all my debt (about 3k maybe slightly more) in less than 6 months, my credit score shot up over 100 points, I was in the 500s now I'm at 734 according to credit karma (ik not accurate but I know there was serious growth) took a bit of a hit to my score with this car loan fiasco that was a huge mistake but it didn't cost me dearly, I'm just sure my score would be higher now if I didn't do that. I lost my job but have another source of income that plus my savings kept me afloat during this time and I got assistance. I have around 3,500 saved for an emergency fund, trying to build that to 10k so I've got a solid 6 month fund. I grew up homeless, in group homes, foster care etc and have never had much money. I'm 21 and I feel really good about what I've accomplished. I've also been able to finally travel outside of the US, and I'll be going back to school (likely at no cost to me) in September. I'm on a pretty good track with everything I'd say. I'm starting to get into the Robinhood app but nothing serious only invested under 100 bucks.and I plan on finding a job I can ride my bike to that hopefully pays a bit above min wage but that's TBD If anyone has any advice or anything like that I'm open to it! +I've noticed a lot of anger, frustration, and confusion towards CryptoKitties in the daily thread over the last few days (along with plenty of joy, wonder, and excitement). + +For those who don't understand and/or lack the imagination, pretend for a moment that the [ERC 721 tokens](https://github.com/ethereum/EIPs/issues/721) which represent all the individual kitties on the blockchain didn't represent cats at all. Imagine, instead, that they represented: + +* loot items in World of Warcraft